Shares of financial services company Robinhood (NASDAQHOOD)
jumped 8.8% in the morning session after Bernstein analyst Gautam Chhugani named the stock a Top Idea for 2025, highlighting its strong position in the crypto space.
Shares of equipment rental company United Rentals (NYSEURI) jumped 5.3% in the pre-market session after the company announced it would acquire H&E Equipment Services (HEES) for $92 per share in cash, valuing the deal at approximately $4.8 billion, including $1.4 billion in net debt.
Shares of industrial components supplier NN (NASDAQNNBR) jumped 20.2% in the morning session after the company reported impressive preliminary guidance, with full-year 2024 new business wins expected to exceed the high end of its previous forecast. Management added, "We will continue this pace of new business acquisition into 2025 and 2026 and have a $720 million pipeline to support it. 2025 is off to a great start with the simultaneous launch of fifty [50] new programs during the first quarter."
The Procter & Gamble Company (NYSEPG) stock is trading higher, signaling a potential new uptrend. Oversold and at support, experts have chosen it as Stock of the Day.
Gary Gensler defended his legacy as SEC Chair, citing the agency's focus on regulating the $60 trillion U.S. equity market and addressing systemic issues.
Using applied Fibonacci, we can see that the 30-year yield spent nearly two years testing the 23% Fibonacci level. This quarter yields are attempting to breakout above the 23% level.
Goldman Sachs analyst forecasts in-line Q4 results for Comcast, with minimal growth in 2025, but anticipates improved investor sentiment in 2025 and beyond.
According to the civil lawsuit, KKR violated the Hart-Scott-Rodino Act at least 16 times by withholding and altering documents and failing to make required filings.
If the transaction occurs, Wedbush’s Daniel Ives expects ByteDance to sell TikTok to Elon Musk’s X without the algorithm for $40 billion to $50 billion.
The Producer Price Index (PPI) for services was unchanged in December but the price of goods jumped 0.6 percent. The bond market reaction is not encouraging.
A cooler-than-expected December producer inflation report failed to ignite lasting gains on Wall Street Tuesday, reflecting lingering concerns about persistently high inflation among investors.
