Gone are the days when investors used to be happy with just earnings growth. Now, earnings improvement (no matter how big it is) seems inadequate for solid moves in the market. It is the beat that initiates a stock price rally post earnings.
In trading on Thursday, entertainment shares were relative leaders, up on the day by about 6.1%. Leading the group were shares of Cinedigm, up about 158.9% and shares of Livexlive Media up about 17.9% on the day.
(RTTNews) - Following the upward trend seen over the past several sessions, stocks are turning in a lackluster performance during trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line.
What happened
Shares of cloud-based technology company Smartsheet (NYSE: SMAR) are getting crushed today, after the company reporting earnings for the first quarter of fiscal 2021. The results actually beat expectations for both the top and bottom lines, but its guidance for th
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Bristol-Myers Squibb is now the #148 analyst pick, moving up by 1 spot.
Tencent (OTC: TCEHY) and Amazon (NASDAQ: AMZN), two of the largest tech companies in the world, have generated massive returns for investors over the past decade. Tencent's stock surged 1,360% as it expanded its gaming ecosystem and WeChat, China's most popular messaging platfor
The S&P 500 and Nasdaq indexes edged lower in choppy trading on Thursday, as a rally fueled by hopes of a post-coronavirus economic recovery fizzled out even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Gap (NYSE: GPS) went on a rent strike during the coronavirus pandemic to save money, but it may get more expensive as shopping mall operator Simon Property Group (NYSE: SPG) is suing the retailer for failing to pay what was due.
Movie theater screens across the country faded to black nearly three months ago, and that means that exhibitors are fading to red. Market leader AMC (NYSE: AMC) is feeling the pain. The stock has more than doubled since AMC closed all of its multiplexes in mid-March, but that'
In trading on Thursday, shares of Eldorado Resorts Inc (Symbol: ERI) crossed above their 200 day moving average of $41.27, changing hands as high as $42.40 per share. Eldorado Resorts Inc shares are currently trading up about 7.2% on the day. The chart below shows the one ye
What happened
Shares of NextEra Energy (NYSE: NEE) rose 12.6% in May, according to data provided by S&P Global Market Intelligence. A couple of factors powered the rally in the electric utility stock, including reports that it might bid on a rival utility.
In trading on Thursday, shares of Seagate Technology plc (Symbol: STX) crossed above their 200 day moving average of $53.67, changing hands as high as $54.55 per share. Seagate Technology plc shares are currently trading up about 2.3% on the day. The chart below shows the on
In trading on Thursday, shares of LivePerson Inc (Symbol: LPSN) crossed below their 200 day moving average of $34.32, changing hands as low as $34.09 per share. LivePerson Inc shares are currently trading off about 4.5% on the day. The chart below shows the one year performa
In trading on Thursday, shares of Adidas Salomon AG (Symbol: ADDYY) crossed above their 200 day moving average of $142.23, changing hands as high as $145.00 per share. Adidas Salomon AG shares are currently trading up about 1.9% on the day. The chart below shows the one year
In trading on Thursday, shares of Sirius XM Holdings Inc (Symbol: SIRI) crossed above their 200 day moving average of $6.32, changing hands as high as $6.47 per share. Sirius XM Holdings Inc shares are currently trading up about 3.3% on the day. The chart below shows the one
In trading on Thursday, shares of TD Ameritrade Holding Corporation (Symbol: AMTD) crossed above their 200 day moving average of $42.42, changing hands as high as $43.86 per share. TD Ameritrade Holding Corporation shares are currently trading up about 5.5% on the day. The c
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