FED CUTS Fed slashes interest rates by 25 basis points in 2nd consecutive cut Canadian Sec - Free Realtime Quote ? CAD Peak Minerals Ltd. (PEK.CN) Follow Compare 0.2500 +0.0350 (+16.28%) As of 3:24 PM EST. Market Open. Related News Lyft stock soars as rides reach all-time high, earnings top expectations Lyft stock soared more than 25% as the company’s turnaround plan pushed ridership to an all-time high during the third quarter. Yahoo Finance ? 1 hour ago LYFT DASH UBER SolarEdge, Dutch Bros, Hershey: 3 Trending Tickers Wealth! host Brad Smith takes a closer look at this morning's top trending tickers: Starting with the solar energy sector, SolarEdge (SEDG) has received a downgrade from Bank of America analysts, citing a potential risk to the company's demand stemming from President-Elect Donald Trump's potential tariff policies. Additionally, Guggenheim has also downgraded both Sunnova (NOVA) and Sunrun (RUN). Meanwhile, Dutch Bros (BROS) stock is soaring after reporting third quarter earnings that exceeded Wall Street's expectations. The coffee chain has also raised its full-year revenue outlook. Analysts from JPMorgan & Chase, Wedbush, and Stifel have all increased their price targets on Dutch Bros stock. Finally, Hershey (HSY) is cutting its full-year outlook. The chocolate giant attributed this decision to higher cocoa prices (CC=F) and a "challenging consumer environment." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Yahoo Finance Video ? 3 hours ago BROS CC=F HSY Qualcomm rallies as investors focus on diversification strategy Qualcomm (QCOM) extended its premarket gains after beating fourth-quarter expectations and issuing a positive outlook for the current quarter. The chipmaker also approved a $15 billion stock buyback. Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead, breaks down what the Qualcomm rally means for investors with Brad Smith and Seana Smith. Moorhead shares that investors should focus on Qualcomm’s diversification strategy. “Five years ago, Qualcomm only stood for smartphones,” Moorhead said. “While smartphones are a very large percentage of their revenues, they've diversified into a gigantic automotive business with a $45 billion backlog.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Cindy Mizaku. Yahoo Finance Video ? 4 hours ago QCOM Under Armour stock rallies on improved operating outlook Under Armour (UA, UAA) shares are trading higher Thursday as the company's turnaround efforts show signs of progress. The athletic apparel retailer now expects its operating loss for the 2024 fiscal year to be around $196 million, an improvement from the previous $240 million loss estimate. Morning Brief Co-hosts Seana Smith and Brad Smith Under Armour's latest update and the broader challenges facing the retail sector. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 5 hours ago UA UAA Lyft stock pops on upbeat Q4 outlook Lyft (LYFT) reported third quarter revenue of $1.52 billion, which topped the Bloomberg consensus estimate of $1.44 billion. Gross bookings were $4.11 billion compared to a $4.08 billion estimate. What sent the stock soaring in after-hours trading was the outlook. Lyft sees Q4 gross bookings of $4.28 billion to $4.35 billion, which tops Wall Street's expectation of $4.23 billion. The company's EBITDA guidance also surpassed estimates, $100 million to $105 million versus the expected $85 million. In the video above, Market Domination Overtime Anchors Julie Hyman and Josh Lipton break down Lyft's results. This post was written by Stephanie Mikulich. Yahoo Finance Video ? 22 hours ago LYFT Qualcomm beats Q4 estimates, announces $15B in share buybacks Qualcomm (QCOM) stock is seeing a boost of over 10% in extended hours after the semiconductor manufacturer topped fiscal fourth quarter estimates for its top and bottom lines. The chip company posted revenue of $10.24 billion ($9.91 billion was expected) and adjusted earnings of $2.69 per share ($2.56 was expected). Qualcomm's profit guidance for its fiscal first quarter fell below Wall Street forecasts. Market Domination Overtime's Julie Hyman and Josh Lipton break down Qualcomm's fourth quarter performance across segments as the company announces a $15 billion share buyback program To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 23 hours ago QCOM Stock Market Today: Indexes Steady After Fed Cuts Rates, Powell Speaks; AppLovin Soars 40% (Live Coverage) The stock market today continued to show strength among large caps while smaller issues cooled off after the Federal Reserve cut interest rates by a quarter point. While the Nasdaq 100 held up near session highs, rising nearly 1.6%, the Russell 2000 fell minimally after soaring the prior session. AppLovin led the upside among IBD 50-style growth stocks, and Zeta Global was the day's second biggest gainer in the IBD 50, up more than 6%. Investor's Business Daily ? 3 minutes ago MMYT META MSFT Fed decision boosts stocks. Movers: Qualcomm, Lyft, Arm Holdings, more Here are the stocks making the biggest market moves. TheStreet ? 35 minutes ago QCOM ARM LYFT Moderna (MRNA) Q3 2024 Earnings Call Transcript MRNA earnings call for the period ending September 30, 2024. Motley Fool ? 50 minutes ago MRNA CrowdStrike Launches Advanced AI Security to Combat Cyber Threats CrowdStrike launches AI Red Team Services to defend against advanced threats, expands European reach with new partnership GuruFocus.com ? 51 minutes ago CRWD Why Lyft Stock Was Soaring Today Lyft posted strong growth in the third quarter. Motley Fool ? 53 minutes ago LYFT Airbnb Stock Rises Ahead Of Earnings. Here Are The Numbers To Watch. Airbnb stock is looking to bounce back to highs earlier this year as it reports Q3 results after market on Thursday. Investor's Business Daily ? 1 hour ago ABNB This Shopify (SHOP) Call Option Spread Garners a 43% Return Potential The call option spread strategy is an excellent way to take advantage of the bullish move in SHOP shares. Zacks ? 1 hour ago SHOP Why MercadoLibre Stock Sank Today Investors wanted to see much higher profits but they might be thinking too short-term. Motley Fool ? 1 hour ago MELI Dutch Bros Stock Skyrockets 33% Today After Blockbuster Quarter and Bold Expansion Moves Record-breaking revenue and explosive growth plans make Dutch Bros the stock to watch in the coffee industry. GuruFocus.com ? 1 hour ago BROS Under Armour (UAA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates Although the revenue and EPS for Under Armour (UAA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Zacks ? 1 hour ago UAA MercadoLibre (MELI) Stock Trades Down, Here Is Why Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) fell 16.3% in the afternoon session after the company reported weaker third-quarter earnings. StockStory ? 1 hour ago MELI Lyft (LYFT) Stock Trades Up, Here Is Why Shares of ride sharing service Lyft (NASDAQ: LYFT) jumped 30.2% in the morning session after the company reported robust third-quarter earnings, significantly surpassing analysts' expectations for both revenue and EBITDA. StockStory ? 1 hour ago LYFT Why Is Dutch Bros (BROS) Stock Rocketing Higher Today Shares of coffee chain Dutch Bros (NYSE:BROS) jumped 40.3% in the morning session after the company reported a "beat and raise" quarter, which suggests that its recent sales optimization efforts are resonating with customers. Dutch Bros delivered strong third-quarter earnings, which blew past analysts' revenue and EBITDA expectations as same-shop transaction growth improved. This shows profitable growth. The company is engaging customers by introducing new menus, such as seasonal beverages like StockStory ? 1 hour ago BROS AppLovin (APP) Stock Trades Up, Here Is Why Shares of mobile app advertising platform AppLovin (NASDAQ: APP) jumped 51.7% in the morning session after the company reported a classic "beat and raise" quarter as efforts to optimize its AI-powered advertising platform seem to be yielding results. AppLovin beat analysts' revenue, EBITDA, and EPS expectations during the quarter. StockStory ? 1 hour ago APP Performance Overview Trailing total returns as of 11/7/2024, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return PEK.CN S&P/TSX Composite index YTD +614.29% +18.51% 1-Year +400.00% +25.80% 3-Year +117.39% +34.66%
