Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings. GE Vernova GE Vernova stock has done well
BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations. The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over
JPMorgan Chase reported record second-quarter profit on Tuesday, helped by robust investment banking activity and a sharp jump in trading revenue as volatile financial markets boosted client activity. Despite the earnings beat, shares of the largest US lender fell more than 2.5% in premarket trading after the bank raised its forecast for 2026 expenses to
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms. Figma stock technical analysis points to more gains The daily chart
International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts’ expectations of earnings
Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had come under pressure in the previous session, briefly touching a two-week low as investors refrained from placing large bets ahead of the release of the US CPI data and Federal Reserve Chair
Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from its all-time high, with Larry Ellison’s net worth plunging by $60 billion this year to $187 billion. It has become one of the top laggards in the AI space. Oracle stock has
US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures. The Consumer Price Index for All Urban Consumers (CPI-U) fell 0.4% on a seasonally adjusted basis in June after rising 0.5% in May, the Bureau
The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75. The decline follows profit-taking after Berkshire Hathaway disclosed its stake in the company back in February. Even so, the underlying business remains strong, and that strength points to a likely rebound heading into earnings.
US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed second-quarter earnings from major US banks and corporate results, while keeping an eye on rising oil prices following renewed tensions in the Middle East. The S&P 500 rose about 0.12%, while the