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Factbox-U.S IPO market poised for strong finish in 2023 amid a flurry of listings

US investors are awaiting a slew of initial public offerings (IPO) in coming months, hoping to ride the recent rally in equity markets. British chip-designer Arm Holdings, owned by Japan's Softbank Group, launched what is expected to be this year's biggest IPO that could raise about $5 billion and value the company at as much as $52 billion.
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Source: yahoo.com

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Dell shares hit record high after report, forecasts impress with AI in mix

Dell, on track for its biggest ever daily percentage gain, is up more than 70% for the year-to-date. "Results and guidance corroborated the improving order trends in the broader enterprise vertical" said JPMorgan analyst Samik Chatterjee, in a research note. Dell added to evidence of this trend from CDW Group, Cisco Systems and Hewlett Packard Enterprises, according to the analyst.
Jpmorgan Chatterjee Lance Tupper Samik Chatterjee Dell Technologies Inc Wells Fargo Hewlett Packard Enterprises
Source: aol.com

Cybersecurity firms CrowdStrike, Okta shares jump after better-than-expected earnings

Shares of CrowdStrike Holdings Inc and Okta Inc each gained more than 10% on Thursday after both cybersecurity firms reported better-than-expected quarterly results, driven by strong demand for their products. CrowdStrike beat estimates when it reported late on Wednesday that its revenue jumped 37% to $731.6 million while adjusted net income more than doubled to $180 million in the second quarter on strong growth in subscriptions to its cloud-based data and identity protection services. Strong...
New York United States Palo Alto San Francisco Mark Porter Chibuike Oguh
Source: yahoo.com

Factbox-Stocks to watch as Hurricane Idalia makes landfall in Florida

Here is a list of stocks and sectors that could be impacted by the storm: POWER Idalia has so far caused more than 140,000 homes and businesses to lose power in Florida. An early news briefing by Florida Governor Ron DeSantis was interrupted for a few seconds by a power cut. Shares of NextEra Energy, which owns the Florida Power & Light Company, the state's largest utility, fell 0.52 $67.15.
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Source: yahoo.com

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