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Baystreet
15h
241
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Today's Biggest Winners: Alibaba, AST SpaceMobile, and Intel
- Alibaba (BABA) stock gained 7.05% after hedge funds disclosed big positions in the Chinese firm.
- AST SpaceMobile (ASTS) surged 68.62% and announced a significant deal with AT&T to provide satellite networking services.
- Short-sellers failed to learn from previous squeezes on Gamestop, AMC Entertainment, and Trump Media.
- Intel (INTC) received an upgrade from Wolfe Research despite concerns about its foundry business.
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Bitcoinmagazine
15h
325
$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin Adoption
- The Proof of Workforce Foundation has added Ajit Singh and Raphael Zagury to its Board of Directors.
- Ajit Singh, Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund, joins the board to promote Bitcoin adoption among workforce organizations.
- Raphael Zagury, CIO and Head of Research at Swan Bitcoin, also joins the board to strengthen education-based Bitcoin adoption.
- Proof of Workforce Foundation has already assisted various unions and organizations in purchasing and holding Bitcoin on their balance sheets.
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Baystreet
15h
10
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Copart’s Financial Results Narrowly Beat Wall Street Forecasts
- Copart reported first-quarter financial results that narrowly beat Wall Street forecasts.
- Earnings per share (EPS) were $0.39 U.S., beating estimates of $0.38 U.S. a share.
- Revenue in the quarter totaled $1.13 billion U.S., slightly ahead of analyst estimates of $1.11 billion U.S.
- U.S. insurance volumes rose 6.8% year-over-year, non-insurance business grew 23%, and dealer sales volume increased 18%.
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Baystreet
15h
237
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Applied Materials’ Earnings Beat On Top And Bottom Lines
- Applied Materials' latest financial results have surpassed Wall Street forecasts.
- The company reported earnings per share of $2.09, beating consensus estimates of $1.99.
- Revenue for the quarter reached $6.65 billion, exceeding expectations of $6.54 billion.
- Applied Materials also raised its forward guidance, expecting $6.65 billion in revenue and $2.19 in earnings per share for the current quarter.
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Baystreet
15h
102
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Restaurant Chain Cracker Barrel Cuts Dividend By 80%
- U.S. restaurant chain Cracker Barrel Old Country Store (CBRL) is cutting its quarterly dividend payment to shareholders by 80%.
- The move reduces the dividend to $0.25 U.S. per share from $1.30 U.S.
- Cracker Barrel plans to reallocate capital towards overhauling its brand and stores.
- The company expects weaker-than-anticipated customer traffic and warns of below-expectation results for upcoming quarters.
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HinduBusinessLine
15h
255
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JSW Steel net down 65% at ₹1,322 crore on lower realisation, higher cost
- JSW Steel reported a 65% decline in net profit at ₹1,322 crore due to lower realizations and higher costs.
- Sales during the quarter increased by 3% to 6.73 mt, but EBITDA fell 23% to ₹6,124 crore.
- The company plans to raise ₹14,000 crore through equity and debenture issuance and invest ₹20,000 crore in ongoing projects.
- JSW Steel expects India to become a net steel importer in this fiscal, with imports from China remaining a challenge for the domestic steel industry.
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Baystreet
15h
233
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Stock Sell Alerts: Cisco Systems, Viking Therapeutics, B. Riley
- Cisco Systems (CSCO) signaled a sell after a pullback in stock due to a 19% decline in quarterly revenue.
- Viking Therapeutics (VKTX) dropped by 11.47% after disappointing obesity drug data was released by Roche (RHHBY).
- B. Riley (RILY) posted a Q1 GAAP EPS loss of $1.71 but declared a $0.50 per share quarterly dividend, allaying fears of bankruptcy.
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Baystreet
15h
303
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Dow Futures Little Changed
- Futures tied to the Dow Jones Industrial Average traded near flat after briefly topping 40,000 level in the previous session.
- Futures for the S&P 500 and NASDAQ Composite also showed marginal gains.
- Despite a weak end to Thursday's session, the indexes are on track to end the week with gains.
- In Japan, the Nikkei 225 sank 0.3%, while in Hong Kong, the Hang Seng index gained 0.9%.
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Baystreet
15h
58
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Futures Tame as Rate Bets Decline
- Futures for Canada's main stock index were little changed on Friday after interest rate cut bets came under pressure due to tight labour market data in the U.S.
- The TSX Composite Index concluded Thursday trading with gains, while June futures were down 0.1% on Friday.
- Canadian investors acquired an unprecedented $35.6 billion of foreign securities in March, ending the first quarter with a record investment of $51.5 billion.
- Futures tied to the Dow Jones Industrial Average traded near flat on Friday after briefly surpassing the 40,000 level, while other major stock index futures also showed modest gains.
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Livebitcoinnews
15h
252
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BEFE Coin: The Path from $100 to $300K Revealed
- BEFE coin aims to revolutionize the memecoin world and reshape public opinion on memecoins.
- BEFE coin has an active community and aspires to become the token of choice for several crypto platforms.
- BEFE coin holders will have a voice in the project's future through Decentralized Autonomous Organizations (DAO).
- Some believe that investing $100 in BEFE today can yield $300,000 in profits.
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Baystreet
15h
230
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Friday's Fed Talk: Cut Rates or No Cut?
- Fed Chair Jerome Powell reiterated that interest rates need not change for now, as the economy needs time to let current levels slow inflation.
- Fed's Loretta Mester stated that the central bank will gather more evidence on the evolving economy and warned of underestimating the impact of excessive fiscal spending.
- Stock markets have positioned in sectors benefiting from high government spending, with gold, copper, and silver prices reaching fresh 52-week highs.
- The energy sector, specifically VanEck Oil Services ETF (OIH), is struggling and requires higher oil demand and decreased output from OPEC+ to regain its previous high.
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Guardian
15h
10
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Air Up: scent-flavoured water bottle becomes latest playground craze
- The latest playground craze, Air Up, is an expensive drinks bottle that uses scent pods to trick your brain into thinking water is flavoured. The cheapest bottles start at around £30.
- Air Up was launched in 2019 and was aimed at health-conscious gen Zs and millennials. However, the brand went viral on TikTok and has become popular with British children and parents.
- Circular pods fit on the neck of the bottle and more than 30 flavours are available, mostly fruits, herbs, and spices. There is a very small transference of aroma to the water consumed, similar to inhaling the scent of fresh bread.
- Air Up bottles growth is compared to other reusable bottles, projected to grow 4% a year, with the sector worth more than £7bn globally. Around 65% of people now use refillable bottles when 10m single-use water bottles are still bought daily.
- Air Up's turnover was €200m in 2023, and it has investor PepsiCo and celebrity shareholders Ashton Kutcher. Reusable water bottles are a competitive fashion market but Lena Jüngst, Air Up's co-founder, sees the healthy flavour as its USP.
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Coinpedia
15h
7
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Gamestop (GME) Stock Price Prediction and The Next Big Memecoin
- Since the GameStop's rally in 2021, the stock has shown significant volatility, with both dramatic surges and sharp drops, resulting in considerable attention and market uncertainty.
- Roaring Kitty's recent return to social media has already moved the GME's stock price, spurring renewed interest and speculation about its future market dynamics.
- GameStop's high-popularity has been shown to have a spillover effect on other meme coins such as Dogecoin and could lead to Pikamoon's significant interest in the crypto market.
- GME stock price predictions in the short and long-term vary significantly, with estimates ranging from around 13.77 USD in 2024 to potentially 990.70 USD in 2030.
- Historically, such a surge in GameStop’s stock price leads to significant interest in meme coins, where Pikamoon stands to benefit most from the market dynamics as seen during the GME surge.
- Pikamoon combines gaming and meme coin appeal and offers transparency with its founding team, setting it apart in the competitive field of meme coins and altcoins.
- Investors might replicate the timing seen with GameStop when it was at its peak by entering early, indicating that investment in Pikamoon could see significant returns as the market builds around the cryptocurrency on Tier-1 exchanges.
- The interconnected dynamics between GameStop’s stock performance and the broader meme coin market highlight a unique aspect of modern investing where social media and individual influencers can significantly impact financial markets.
- GameStop is known for its high volatility driven by speculative trading rather than company fundamentals, reflecting a general sentiment that the stock may not be a stable investment at the moment due to its speculative nature.
- Some analysts predict that GME stock price could potentially reach $100 before 2030, presenting certain bullish scenarios.
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Baystreet
15h
226
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Friday's Hot Stocks: Reddit, Walmart, Chubb, and More
- Reddit (RDDT) gained 11% in extended trading after announcing a partnership with OpenAI. Walmart (WMT) reported strong Q1/2025 results with revenue growing by 6.0% Y/Y. Chubb (CB) gained 4.71% after Berkshire revealed its position in the stock.
- Reddit partnered with OpenAI to train AI models on its content, benefiting both companies. Walmart's Q1/2025 results showed earnings per share of $0.60 and a revenue increase of 6.0% Y/Y. Chubb gained after Berkshire disclosed its investment in the stock.
- Walmart's strong performance indicates potential struggles for smaller retail firms. Chubb's dividend yield of 1.36% aligns with Berkshire's investment style. Investors may consider waiting for a pullback in Manulife (MFC) and Prudential (PRU) before buying.
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TechBullion
15h
252
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BlockDAG Sets Early Mainnet Launch, Boosts Presale to $25.7M Amid Ethereum and PEPE Coin Market Turmoil – What’s Next?
- BlockDAG (BDAG) has updated its roadmap, announcing an accelerated mainnet launch and an increase in presale to $25.7 million amid Ethereum and PEPE Coin market turmoil.
- Ethereum addresses reach a two-year high, indicating sustained interest and activity in the network.
- PEPE coin experiences high volatility with sharp price fluctuations and active trading.
- BlockDAG's proactive roadmap adjustments and impending early mainnet launch position it as a transformative force in the cryptocurrency market, with predictions of BDAG reaching $30 by 2030.
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