Cryptocurrency Miner Marathon Digital (MARA) Gains Momentum Ahead of Q4 Earnings Disclosure
The cryptocurrency market is invigorating blockchain miner Marathon Digital as it heads toward its fourth-quarter earnings disclosure. With the total market capitalization of the global crypto ecosystem standing at $2.06 trillion, MARA stock is gaining about 20% this afternoon. Marathon’s Q4 earnings report is due to be disclosed on Feb. 28 after the closing bell, with a history of negative earnings surprises.
Summit X LLC Reduces Holdings in Apple Inc. by 11.3% in Q3
Summit X LLC reduces its holdings in Apple Inc. by 11.3% during the third quarter, while several other institutional investors make significant adjustments to their holdings in the tech giant. Insider trading activities and market dynamics provide valuable insights for investors and market analysts.
First Solar shares rise more than 5% after hours as company cheers guidance for the year
First Solar Inc. shares rose more than 5% in the extended session Tuesday after investors looked past a mixed quarter for the solar-power company to cheer guidance for the year. Despite setbacks and headwinds for most solar-power companies, First Solar’s strong earnings and guidance indicate a positive outlook for the industry, which has been struggling amid lower demand and regulatory changes.
Fluctuations in Stock Market as Viking Therapeutics Experiences Gap Down
Viking Therapeutics, Inc. (NASDAQ:VKTX) experienced a gap down in the stock market, with analysts closely monitoring the company and upgrading it to a ‘sell’ rating. Amidst this, the market continues to observe promising weight-loss drugs from biotechs, contributing to the dynamic landscape of the stock market.
iRobot narrows loss, shares rise
iRobot reported a narrower loss, with shares rising as a result. Workday Inc. saw a 5% drop in after-hours trading after meeting revenue expectations for the latest quarter and announcing an AI deal. The company reported a net income of $1.2 billion for the fiscal fourth quarter, reflecting a significant improvement from the year-earlier period. Workday also announced plans to acquire HiredScore, a leading provider of AI-powered talent orchestration solutions.
Stocks Flat as Key Benchmarks Reach Record Highs and Investors Await Inflation Data
Stocks were flat Monday after reaching record highs, with investors awaiting inflation data. Amazon joined the Dow, Treasury yields climbed, and new home sales were below estimates. Investors are watching for economic and inflation risks as they look ahead to the monthly personal consumption expenditures price index.
Palo Alto Networks Ownership Structure Analysis
Palo Alto Networks (NASDAQ:PANW) saw a 23% decline after a disappointing sales outlook. Institutional investors own 39.39% of PANW, with Vanguard holding a 7.60% stake. Hedge funds decreased their holdings, while individual investors have a very positive view. Despite the pullback, PANW stock is still up 49.6% in one year. Wall Street remains cautiously optimistic, with a Moderate Buy consensus rating and an average price target of $338.77.
After-Hours Trading Sparks Interest in Nvidia, Etsy, Rivian, and Lucid Group Stocks
After-hours trading saw notable movements in stocks like Nvidia, Etsy, Rivian, and Lucid Group, sparking interest and discussions among investors and analysts. These after-hours developments serve as a reminder of the dynamic nature of the stock market, emphasizing the need for investors to stay informed and vigilant.
SolarEdge Technologies Faces Stock Drop After Disappointing First-Quarter Guidance
SolarEdge Technologies faces a significant drop in stock value after disappointing first-quarter guidance, with revenues well below expectations. CEO Zvi Lando remains optimistic about the future, but challenges in the European and U.S. residential solar markets raise concern within the investment community.
Nvidia experiences worst day in four months with $78 billion market cap loss
Nvidia’s stock saw a significant 4.4% decline, resulting in a $78 billion loss in market capitalization, marking the largest single-day loss in the company’s history. Despite the drop, the stock has surged by over 35% since the beginning of the year. Analysts anticipate a substantial increase in overall market expectations, potentially limiting further earnings upside in 2024. The company is expected to report adjusted earnings of $4.59 per share on a revenue of $20.4 billion for the fiscal fourth quarter, with projections for the current quarter indicating staggering numbers. However, analysts express concerns about the high bar set for the company, while investors eagerly await the company’s financial outlook and performance.