Options market data suggests United Airlines Holdings Inc. stock could experience a 3% price movement following its earnings report scheduled for July 15. Historical data shows the stock's actual post-earnings movement has often varied from market expectations.
Shares of EHang Holdings fell after BofA Securities downgraded the stock from Buy to Underperform, citing an eVTOL crash in Beijing that is expected to lead to stricter regulations and weaker consumer confidence.
Broadcom's stock surged over 4% after the company announced a new multi-year, multi-billion dollar agreement to supply Apple with custom chips and wireless components. The deal secures a key customer for Broadcom through 2031, alleviating investor concerns about Apple potentially shifting to in-house chip design.
Waymo, a subsidiary of Alphabet, has launched its fully autonomous ride-hailing service in Las Vegas. The company also announced plans to expand its driverless operations to Denver, San Diego, and Tampa.
Shares of Penguin Solutions surged after the AI infrastructure company reported record fiscal third-quarter results that significantly beat analyst expectations. The company also substantially raised its full-year financial guidance, citing strong demand in its AI-focused businesses.
Kirby Corporation stock jumped on Wednesday after BofA Securities raised its price target, citing strong growth prospects in the company's Power Generation segment driven by demand from data centers. The firm maintained its "Buy" rating on the shares.
Oil prices registered a slight gain on Tuesday as investors shifted their focus from Middle East geopolitical tensions to the dynamics of increasing global supply and uncertain demand.
A recent rally in U.S. chip stocks faltered in early trading Tuesday, influenced by a significant downturn in Asian technology shares despite strong earnings reports. The pullback has raised investor concerns about the sustainability of the current AI-driven market boom.
Trading in Glencore Plc options saw a significant increase on Wednesday, with activity heavily skewed towards call options expiring in July. The surge in volume occurred even as the company's share price declined.
