Page 33 - Benzinga Pro News Today

On Wednesday, May 16th, U.S. stock markets closed significantly higher, with major indexes reaching record highs. The S&P 500 and Nasdaq each climbed over 1% following lower-than-expected consumer inflation, which fueled hopes for Federal Reserve rate cuts. Technology stocks led the gains, pushing the Dow closer to the 40,000 mark. According to the economic data, April U.S. consumer prices rose 0.3% month-over-month, down from 0.4% in March and below market expectations of 0.4%. Annual infl...

In the five sessions leading up to Monday's close, retail trades in GameStop averaged 7%, while for AMC, the number was only slightly higher, the report noted.

JD.com, Inc. (NASDAQ: JD) reported fiscal first-quarter 2024 revenue growth of 7% year over year to $36.02 billion, beating the analyst consensus estimate of $35.62 billion. JD posted an adjusted net income per ADS of $0.78, beating the analyst consensus estimate of $0.64. The stock price gained after the results. JD Segment Performance: JD.com's net product revenue increased by 6.6% year over year to $28.88 billion. Net service revenues rose 8.8% year over year to $7.14 billion. JD Retail ...

Walmart shares jumped more than 6% Thursday morning on the heels of the company's first-quarter financial results. The strength in Walmart shares Thursday morning is spilling into Target stock. Target is due to report its first-quarter financial results before the market open on May 22.

Berkshire reduced its Apple position by a little over 116 million, with the firm now owning over 789 million Apple shares valued at $135.36 billion.

Walmart Inc (NYSE:WMT) shares are trading higher on Thursday after the company announced first-quarter 2025 results with strong growth in revenue and operating income. The retailer reported that in the first quarter of 2025, the adjusted EPS was $0.60, beating the consensus of $0.52. Sales were $161.51 billion, up 6.0% year over year or 5.8% (at constant currency), including a benefit of ~1% from an additional selling day, beating the consensus of $159.50 billion. The gross margin rate was up 42

Applied Materials, Inc. (NASDAQ:AMAT) is expected to release earnings results for its second quarter, after the closing bell on Thursday. Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.99 per share. That’s up from $1.78 per share in the year-ago period. Applied Materials is projected to post quarterly revenue of $6.54 billion, according to data from Benzinga Pro. On Monday, Jefferies analyst Blayne Curtis downgraded Applied Materials from Buy ...