Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Bank of America, Tesla, Match rise premarket; Morgan Stanley, Charles Schwab fall

Source Investing

Investing.com -- U.S. stock futures edged slightly higher Tuesday, as the quarterly earnings season continues and ahead of the release of key retail sales data.

Here are some of the biggest premarket U.S. stock movers today:

Bank of America (NYSE:BAC) stock rose 2% after the lender reported second-quarter revenue and profit topping expectations on rising investment banking and asset management fees.
Morgan Stanley (NYSE:MS) stock fell 2.6% despite the investment bank reporting its profit rose in the second quarter with investment banking activity rebounding, as some of its peers had outperformed.
Charles Schwab (NYSE:SCHW) stock fell 3.7% after the financial services company reported results largely in line with expectations, failing to beat guidance like many of its peers.
Tesla (NASDAQ:TSLA) stock rose 1.4% after a report CEO Elon Musk planned to commit around $45 million a month to a new pro-Trump super political action committee.
Match (NASDAQ:MTCH) stock rose 7.7% following a report activist investor Starboard has a stake of more than 6.5% in the Tinder owner and was pushing for a possible sale if a turnaround wasn't successful.
Trump Media & Technology (NASDAQ:DJT) stock fell 9.1%, pulling back after closing up 31% a day earlier amid a broader rally in the so-called Trump trade across markets.
UnitedHealth (NYSE:UNH) stock rose 0.3% despite the health insurer raising its estimates for a hit to earnings this year from a February hack at its tech unit, as it rolls out loans to healthcare providers and records higher expenses from notifying affected customers.
Palantir Technologies (NYSE:PLTR) stock fell 1.6% after Mizuho downgraded its investment stance on the big data analytics software maker to ‘underperform’ from ‘neutral’, saying its rich valuation is becoming “hard to justify.”
Shopify (NYSE:SHOP) stock rose 3.6% after Bank of America upgraded its stance on the e-commerce platform to ‘buy’ from ‘neutral’, saying the “company has turned a corner on balanced growth and margin, under new CFO Jeff Hoffmeister.”
Starbucks (NASDAQ:SBUX) stock fell 0.5% after Evercore ISI downgraded the coffee chain to ‘in line’ from ‘outperform’, saying soft trends are continuing.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judge Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Author Irene Q.

Oct 26, Mon

Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the risk Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Author Irene Q.

Oct 27, Tue

Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Author TradingKey

Oct 27, Tue

The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Bitcoin is back above $80,000 — but 75% of the bounce was shorts, not buyers Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.

Author Suzie

23 hours ago

Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.

Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premium December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Author Irene Q.

23 hours ago

December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Popular Symbols