Sun, May 19, 2024
Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Zoom reaches $86m settlement over user privacy
Stock Markets

According to the latest news, Zoom agreed to pay $86 million and

TODAY'S FEATURED

Stocks and important factors
Stock Markets

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased

Stocks and various factors, asian stocks
Stock Markets

Wall Street wants to be prepared for the worst-case scenario as the

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FOREX NEWS

FOREX NEWS

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Last Week’s Stock Market Overview

Genuine Parts Company: Q1 2024 Performance

Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with modest revenue growth under CEO Paul Donahue and President CO Will Stengel. Sales totalled $5.8 billion, slightly below expectations, influenced by acquisitions and comparable sales decline. Net

Broker News, asml

ASML Q1: Sales Drop 21.6%, Profit Beats with €1.22B

Quick Look:  ASML reports mixed Q1 2024 results: Sales €5.29B, profits decline 40.39%. Christophe Fouquet appointed as new CEO; maintains €27.6B full-year sales forecast. China sales hit €2B, 49% of total; U.S.-led export curbs affect semiconductor industry. ASML expands

Potential for underperformance

$4.2B Encore Wire Sale Faces Legal Scrutiny

Quick Look: Halper Sadeh LLC investigates the fairness of Encore Wire’s sale to Prysmian at $290/share. Concerns about underpayment and adequacy of shareholder information. Deal valued at $4.2 billion; includes a premium over recent share prices. The market responded

Diverse Israeli Tech becomes available for New Gulf Allies

Markets Waver as Iran-Israel Tensions Flare Up

Quick Look: Saudi & Qatari indices are down, with Saudi -1.8% and Qatari -1.6% due to Iran-Israel tensions. Bahrain’s index is up 0.9%, contrasting regional downtrends. Brent crude at $90.45, a six-month high amid conflict. As investors seek stability,

Asian Stocks Slump on Lackluster Caixin PMI Data

Asian Stocks Slump on Lackluster Caixin PMI Data

Asian equities fell during the afternoon trade on Wednesday, with Hong Kong’s Hang Seng plummeting 3 percent, as weaker-than-expected Caixin PMI data dampened investors’ sentiment. Read more here!

Global stock markets

US Futures Plummet, Asian Shares Drop in Flash Crash

US stock futures slipped and Asian shares stumbled on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings and jolted currency markets. Read more here!

U.S. stock market and trade war

Stocks Rally on Relief over Dovish Fed

Asian stocks rallied on Monday as a dovish turn by the Federal Reserve and unexpectedly strong US jobs data soothed some of the market’s worst fears about the global outlook. Read more here!

BROKER NEWS

Stocks and important factors

Meme Stocks Soar: GameStop Up 126%, AMC 88%

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased 88%, with $157M losses for short sellers. Investors’ fear of missing out, spurred by influencers like Roaring Kitty, drove the rally. Keith Gill’s return to social media significantly boosted meme stock interest and prices. Despite losses, short

Last Week’s Stock Market Overview

Genuine Parts Company: Q1 2024 Performance

Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with modest revenue growth under CEO Paul Donahue and President CO Will Stengel. Sales totalled $5.8 billion, slightly below expectations, influenced by acquisitions and comparable sales decline. Net income declined to $249 million, with EPS at $1.78;

Broker News, asml

ASML Q1: Sales Drop 21.6%, Profit Beats with €1.22B

Quick Look:  ASML reports mixed Q1 2024 results: Sales €5.29B, profits decline 40.39%. Christophe Fouquet appointed as new CEO; maintains €27.6B full-year sales forecast. China sales hit €2B, 49% of total; U.S.-led export curbs affect semiconductor industry. ASML expands US presence; anticipates industry rebound by 2025 with continuous

Potential for underperformance

$4.2B Encore Wire Sale Faces Legal Scrutiny

Quick Look: Halper Sadeh LLC investigates the fairness of Encore Wire’s sale to Prysmian at $290/share. Concerns about underpayment and adequacy of shareholder information. Deal valued at $4.2 billion; includes a premium over recent share prices. The market responded positively, with significant stock price increases for both companies.

Diverse Israeli Tech becomes available for New Gulf Allies

Markets Waver as Iran-Israel Tensions Flare Up

Quick Look: Saudi & Qatari indices are down, with Saudi -1.8% and Qatari -1.6% due to Iran-Israel tensions. Bahrain’s index is up 0.9%, contrasting regional downtrends. Brent crude at $90.45, a six-month high amid conflict. As investors seek stability, gold peaks at $2400, a new record. Mixed global

Stocks and important factors

Meme Stocks Soar: GameStop Up 126%, AMC 88%

Quick Look: GameStop rose 126%, causing $1.8B in short-seller losses; AMC increased 88%, with $157M losses for short sellers. Investors’ fear of missing out, spurred by influencers like Roaring Kitty, drove the rally. Keith

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