Skip to content
Latest News
Will GM Navigate A Path for Cruise Comeback?

After a disquieting road incident in San Francisco, General Motors' self-driving subsidiary Cruise is steering its way through a challenging phase of rebuilding trust and re-establishing operations. The company, which had onc

Asktraders News Team
AST SpaceMobile Shares (NASDAQ:ASTS) Soar To 52 Wk Highs on Verizon Deal

Investors of AST SpaceMobile (NASDAQ:ASTS) witnessed a substantial gain as the company's stock price gained 69.2% in trading yesterday following the announcement of a new partnership with telecommunications giant Verizon (NY

Asktraders News Team
Diageo Shares (DGE.L) Hit New 52-Week Low, But Why The Drop In Sentiment?

Diageo plc (LON:DGE), a global leader in alcoholic beverages, experienced a notable downturn in its stock performance, as the price plunged to a 52-week low of GBX 2,563 during Thursday's trading session before rallying to cl

Asktraders News Team
Costco’s Earnings Expectations & An Early Price Target Upgrade On COST Shares

As a very busy month of earnings draws close to an end, and the S&P 500 continues to advance, outstripping earnings expectations for the current year, markets are keenly watching

Asktraders News Team
Palantir Stock (NYSE:PLTR) Up Early As $480M Defense AI Prototype Deal Added

Palantir share price (NYSE:PLTR) trades up early in the premarket, adding 2.67% as news of a new deal with the DoD fi

Asktraders News Team
Google Investing in Malaysia with $2B Cloud Hub Data Centre

In a strategic move that marks a significant expansion of its global infrastructure, Google has announced a $2 billion investment to build its first ever data centre and a dedicated Google Cloud hub in Malaysia. This move by

Asktraders News Team
CRM Stock Price Down Big As Salesforce Hit by Slowest Growth in Decades

Salesforce share price (NYSE: CRM) has taken a huge hit in the after hours trading session, as earnings hit. Markets reacted negatively to the print, with a drop of 16.02% pulling the stock back to levels not seen since Novem

Asktraders News Team
Potential Shein IPO Under Scrutiny From British Lawmakers Over ESG

Concerns have been raised by the chairs of three UK parliamentary committees regarding Shein's anticipated initial public offering (IPO) in

Asktraders News Team
Marks & Spencer Appoints New CFO

Marks & Spencer Group (LON: MKS) announced the appointment of Alison Dolan as its new Chief Financial Officer (CFO) late in the day on Wednesday.

Sam Boughedda
Auto Trader Revenue Rises, Anticipates Another Year of Strong Progress

On Thursday, Auto Trader Group (LON: AUTO), the leading UK car marketplace, announced a 14% increase in group revenue to £570.9 million for the fiscal year ending March 31, 2024.

Sam Boughedda
Dr. Martens Revenue, Profit Tumbles on Continued Weak USA Demand

Dr. Martens (LON: DOCS) reported a significant decline in revenue and profit for the fiscal year ending March 31, 2024, primarily driven by weak consumer demand in the USA.

Sam Boughedda
Chewy Stock (CHWY) Up More Than 25% As Earnings and Revenue Estimates Beat

In a strong start to its fiscal year, Chewy Inc. (CHWY) has reported an exceptional first-quarter earnings outcome, defying analysts' projections. The company posted earnings of $0.31 per share, surpassing analysts' expectati

Asktraders News Team
Abercrombie & Fitch Stock (NYSE:ANF) Soars As Record Q1 Results Released

Abercrombie & Fitch stock price (NYSE:ANF) has taken out new all time highs, trading up more than 26% entering the final phase of the day. This renewed confidence comes after the firm started fiscal year 2024 with remarka

Asktraders News Team
Robinhood $1 Billion Buyback Plan Helps Stock Green On A Red Day

Shares of Robinhood Markets (NASDAQ:HOOD) experienced a temporary boost in trading after the company announced its intention to implement a substantial

Asktraders News Team
EV Maker Faraday Future Stock Faces Dip Amid SEC Scrutiny & Earnings Pressure

The stock price of Faraday Future (NASDAQ: FFIE), trades down almost 30% in the premarket coming off the back of disappointing earnings and withdrawn guidance. The electric vehicle manufacturer, has recently published its ann

Asktraders News Team
Flutter and DraftKings Stocks Down as Illinois Proposes Higher Betting Taxes

Shares of major sports-betting companies like DraftKings (NASDAQ: DKNG) and FanDuel's parent Flutter Entertainment (NYSE:FLUT) tumbled as the Illinois Senate passed a significant new tax structure for sports-betting revenues.

Asktraders News Team
American Airlines (AAL) and Marathon Oil (MRO) Move In Opposite Directions Through Premarket

Big moves in the Premarket can tell a lot about how a day is going to progress in the markets, and today there are a couple of stocks making headlines for contrasting reasons as we build into the US market open. Significant m

Asktraders News Team
Nvidia Stock Hits Record High on xAI Supercomputer Deal

Shares of graphics chipmaker Nvidia (NASDAQ:NVDA) soared to an all-time high following reports that Elon Musk's artificial intelligence

Asktraders News Team
Ocado Shares Surge But Stock Set to Drop Out of FTSE 100

Ocado (LON: OCDO) shares jumped more than 9% Tuesday, adding to its more than 6% gain on Friday, but after six years, the company is set to drop out of the FTSE 100.

Sam Boughedda
BHP Seeks Further Extension of Deadline For Anglo American Offer

On Wednesday, BHP Group (NYSE: BHP) said it was seeking an additional extension to the deadline for its potential Anglo American (LON: AAL) takeover offer. The original deadline was set for May 29, 2024.

Sam Boughedda
Analysis Stocks Markets Strategies