Shares of advertising software maker The Trade Desk (NASDAQ:TTD) jumped 6.7% in the morning session after KeyBanc analyst Justin Patterson maintained a Buy rating and raised the price target to $142. Patterson expects The Trade Desk will continue to benefit from an improving advertising market, with expectations of better-than-expected fourth-quarter results when the company reports quarterly results on February 12, 2025 (later in the week). The main drivers behind this optimism seem to be the c
Big Tech’s Grip on Market Shows Cracks as Earnings Fall Flat
(Bloomberg) -- The case for buying pricey Big Tech stocks on the assumption that profit growth is poised to re-accelerate is starting to look shaky.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSWith reports now in from all but Nvidi
Why Rockwell Automation (ROK) Stock Is Up Today
Shares of industrials automation company Rockwell (NYSE:ROK) jumped 11.9% in the afternoon session after the company reported strong fourth-quarter results that exceeded analysts' EPS expectations.
Why a Social Media Post Boosted GameStop, MicroStrategy Stocks Monday
Shares of GameStop and MicroStrategy climbed Monday after a picture of executives from the companies was posted to social media over the weekend.
Nvidia Leads Chip Stocks Higher Monday as Markets Rebound
Nvidia shares gained Monday, leading other chip stocks higher in a boost to the tech sector as the major U.S. indexes looked to rebound from Friday's losses.
Hong Kong’s Patient Approach to Regulating Crypto Will Pay Off: LegCo's Duncan Chiu
Devising clear rules for the industry is important, but it can also help to wait for others to move first, argues Chiu.
Hong Kong’s Patient Approach to Regulating Crypto Will Pay Off: LegCo's Duncan Chiu
Devising clear rules for the industry is important, but it can also help to wait for others to move first, argues Chiu.
Why Trump’s reciprocal tariffs may actually be a positive sign for Wall Street
“The reciprocal approach leaves plenty of room for the U.S. to negotiate tariff cuts by each of America’s trading partners separately.”
Top Stock Movers Now: Cleveland-Cliffs, Rockwell Automation, Onsemi, and More
U.S. equities advanced at midday as tech companies and steel and aluminum manufacturers drove the market higher.
Labor, inflation to weigh on gold miners' results
Higher labor costs and sticky inflation could continue to weigh on gold miners' profits going into 2025, analysts said, but soaring prices of the yellow metal should still boost free cash flow. Gold prices rose nearly 27% in 2024, the most since 2010, and have jumped to all-time highs this year. Analysts at Bank of America said companies under its coverage might generate free cash flow of around $3 billion in the fourth quarter, with more expected in 2025.