JPMorgan’s Marko Kolanovic. Crystal Mercedes | CNBC A top strategist at JPMorgan who was caught offside by the stock market rally is quitting the investment firm. Marko Kolanovic, who served as chief global markets strategist and co-head of global research, is leaving the bank to explore other opportunities, according to a source familiar with the…
Check out the companies making headlines before the bell. Paramount Global — Shares of Paramount Global surged more than 12% on news that Skydance Media has reached a preliminary deal to buy National Amusements, the company’s controlling shareholder. The New York Times and Wall Street Journal first reported news of the agreement. Tesla — The…
Check out the companies making headlines in midday trading: Tesla — Tesla surged nearly 9% after the electric vehicle company reported stronger-than-expected second-quarter deliveries. The Elon Musk-led company delivered 443,956 vehicles, while analysts polled by StreetAccount expected deliveries of 439,000. The figure showed a 4.8% decline from a year ago but was 14.8% above first-quarter…
Check out the companies making headlines in premarket trading. Tesla – The electric vehicle stock gained nearly 6% before the bell after second-quarter deliveries came in ahead of Wall Street estimates. Atlassian Corporation — Shares advanced nearly 2% following an upgrade to overweight from Piper Sandler. Analyst Rob Owens opined that the software stock could…
Ken Griffin speaks to Citadel and Citadel Securities interns during a discussion moderated by Citadel software engineer, and former intern, Bharath Jaladi. Courtesy: Citadel Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete as he sees flaws in machine learning models applied in certain…
Check out the companies making headlines in midday trading: Chewy , GameStop — Chewy’s stock dropped about 6% after a regulatory filing showed meme stock trader Keith Gill, who is also known as “Roaring Kitty,” bought nine million shares, amounting to a 6.6% stake in the pet food e-commerce company. His other top holding, GameStop,…
Chewy shares started swinging wildly after online personality Roaring Kitty revealed a big stake , but Wall Street analysts believe being branded as a meme stock is not good for the pet retailer. The meme stock leader, whose legal name is Keith Gill, has taken a 6.6% stake in Chewy, making him the third-largest shareholder.…
Check out the companies making headlines before the bell. Birkenstock — The shoe company jumped 3.5% after UBS upgraded shares to buy from neutral. The investment bank cited higher average sales prices and strong growth in the Asia market. Chewy , GameStop — Shares of Chewy soared more than 16% after regulatory filing showed meme…
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Shares of Chewy popped in premarket trading Monday after a Securities and Exchange Commission filing showed meme stock trader “Roaring Kitty” took a stake in the pet food e-commerce retailer. The filing showed Roaring Kitty, whose legal…
Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China’s new energy vehicle market, which includes battery- and hybrid-powered cars, has increasingly forced automakers to cut prices and add features if they are to survive. Many of…
