Seagate Technology's (NASDAQ:STX) stock jumped about 6% premarket on Wednesday after fiscal second quarter results beat estimates, which drew positive reactions from analysts. Morgan Stanley reiterated its Overweight rating and raised the price target on the stock to $134 from $129.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
Wall Street's main indexes closed higher on Tuesday, with the S&P 500 and the Dow hitting their highest in more than a month, as investors assessed Donald Trump's first actions as U.S. president and breathed relief that he did not start his second term with blanket tariff increases.
Wariness is passé on Wall Street. Cautious uncertainty over lingering inflation and geopolitical turbulence have been replaced by giddiness over the deregulatory bonanza financial firms expect President Donald Trump’s administration to deliver.
The Arlington, Texas, company reported net income of $844.9 million for the three months ended Dec. 31, down from $947.4 million a year earlier.
Key takeaways from Netflix's fourth-quarter earnings as stock surges. Space stocks soar on upbeat sentiment, Trump sets sights on Mars. Google to invest another $1B in Anthropic.
Wall Street Pepe’s (WEPE) presale has passed the $55 million milestone ahead of the coin’s first exchange listing
U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies.
Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
The Wall Street Pepe presale crossed the $50 million mark on Friday, and now there are only 30 days left to grab a piece of the next Pepe.
Seagate Technology's (NASDAQ:STX) stock jumped about 6% premarket on Wednesday after fiscal second quarter results beat estimates, which drew positive reactions from analysts. Benchmark Equity upgraded Seagate's rating to Buy from Hold with a $120 target price.