Pinterest Inc. PINS Shares, + 0.96% They rose 25% in pre-market trading on Friday after the photo platform easily exceeded expectations and gave an optimistic forecast for the third quarter. The company posted a net loss of $ 100.7 million, or 17 cents a share, compared to a loss of …
Read More »Electric vehicles are still hot. Li Auto Jumps on the first day of trading.
Text size LI Auto via Weibo Chinese electric vehicle startup Li Auto set the price for its initial public offering on Wednesday night. The shares opened for trading on Thursday, and were up a lot. Confirm at least one thing: electric vehicle stocks are still hot. Li Auto (ticker: LI) …
Read More »Nasdaq Composite exhibits panic-like buying signs as the stock market trades lows on Thursday
Trading on the Nasdaq Composite on Thursday morning exhibited panic-like buying behavior as stock market benchmarks, weakened after the worst Republican report on record, fell from their session lows. The Nasdaq COMP Compound, + 0.47% It rose less than 0.1% to 10,560 after hitting a low at 10,412.09 earlier. The …
Read More »PayPal Exceeds Earnings Expectations as COVID-19 Drives Ecommerce Growth Strong
Shares of PayPal Holdings Inc. PYPL, + 4.72% After-hours trading rose more than 3% on Wednesday after the digital payments company beat earnings and revenue expectations amid growing growth in online transactions. (See more about the company’s earnings in the MarketWatch interview with CEO Dan Schulman.) PayPal posted net income …
Read More »Apple reports earnings tomorrow. This is what to expect.
Text size Street’s consensus is $ 52.1 billion in revenue and profit of $ 2.09 per share. Justin Sullivan / Getty Images This could be the quarter that Apple‘s earnings don’t really matter. Well, okay, they matter. But the truth is that Apple investors (ticker: AAPL) are uniquely focused on …
Read More »