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Morning Bid: Quantum leap
Reuters66d agobullish
Morning Bid: Quantum leap

By Mike Dolan June 3 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices and bond yields have pushed higher as hostilities in the

Cathie Wood buys $67 million of surging semiconductor stock
TheStreet66d agobullish
Cathie Wood buys $67 million of surging semiconductor stock

Cathie Wood, chief of Ark Investment Management, has spent much of the past several months trimming positions in some of the market's biggest winners, likely locking in gains after a strong rally. Now, Wood is making one of her largest purchases in recent months, buying roughly $66 million worth of ...

GameStop Posts Higher Profit, Launches $2 Billion Buyback Program
The Wall Street Journal67d agobullish
GameStop Posts Higher Profit, Launches $2 Billion Buyback Program

GameStop reported a higher profit in the first quarter and said its board approved a $2 billion stock buyback authorization. Stripping out certain one-time items, GameStop reported adjusted earnings of 30 cents a share. GameStop also said its board approved a $2 billion stock buyback authorization.

Trading Day: New high? Still a buy
Reuters67d agobullish
Trading Day: New high? Still a buy

By Jamie McGeever ORLANDO, Florida, June 2 (Reuters) - World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge
Reuters67d agobullish
Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge

Palo Alto Networks raised its annual revenue and profit ‌forecast on Tuesday, as enterprises increased ‌spending on cloud, identity and AI-driven cybersecurity products ​amid a rising threat landscape, sending shares up 7.4% in extended trading. Here are some details on the results: • Santa Clara, ‌California-based Palo Alto ⁠expects revenue of $11.415 billion to $11.425 billion for fiscal 2026, above ⁠its prior projection of $11.28 billion to $11.31 billion. AI has emerged as a major growth ​driver for ​the company, ​with rising AI-driven cyber ‌threats expected to accelerate enterprise cybersecurity spending and strengthen demand for platform-based vendors such as Palo Alto Networks.

Palo Alto Networks share pop afterhours on upbeat earnings report
Proactive67d agobullish
Palo Alto Networks share pop afterhours on upbeat earnings report

Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP) shares rose more than 10% in after-hours trading on Tuesday after the cybersecurity company reported fiscal third quarter results that exceeded Wall Street expectations and issued stronger-than-expected earnings guidance for the current...

HIVE Digital posts record 158% revenue jump in fiscal 2026
TheStreet67d agobullish
HIVE Digital posts record 158% revenue jump in fiscal 2026

HIVE Digital Technologies more than doubled its revenue in fiscal 2026, reporting $297.8 million for the year ended March 31. Revenue increased 158% from the previous year as the company expanded both its Bitcoin mining operations and artificial intelligence infrastructure business. HIVE, ...

Victoria's Secret soars 50% as turnaround powers upbeat forecasts
Reuters Videos67d agobullishVIDEO
Victoria's Secret soars 50% as turnaround powers upbeat forecasts

<body><p>STORY: Shares of Victoria's Secret soared about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer posted blockbuster quarterly earnings and raised its annual forecasts.</p><p>Revenue grew by double digits in the quarter across its brands, which include Pink, targeting younger women, and its line of beauty products, including perfumes and lotions.</p><p>As a result, Victoria's Secret boosted its annual net sales and operating income estimates.</p><p>The upbeat forecasts underscore CEO Hillary Super's efforts to stem several years of declining sales - and activist pressure - by reining in discounting and leaning back into its former "sexy" image.</p><p>:: Victoria's Secret</p><p>:: VSXY</p><p>:: Archive</p><p>Those efforts include reviving its popular runway show after a six-year hiatus and changing its ticker on the New York Stock Exchange from "VSCO" to "VSXY," saying that, quote, "sexy has always been part of our DNA."</p><p>Tuesday's earnings marked the fourth straight quarter of sales growth for Victoria's Secret, whose shares have nearly tripled in value over the past 12 months as of Monday's close.</p><p>About 19% of the company's shares are shorted, according to Ortex data, an elevated level that some analysts say could leave the stock exposed to a short squeeze.</p><p>The results also reinforced a bifurcation in U.S. consumer spending, with higher-income shoppers continuing to spend on discretionary items, while lower-income households pull back under persistent inflationary pressure and economic uncertainty.</p></body>

Down 45% This Year: 1 High-Yield Turnaround Machine Under $15 to Buy Hand Over Fist
24/7 Wall St.67d agobullish
Down 45% This Year: 1 High-Yield Turnaround Machine Under $15 to Buy Hand Over Fist

Beaten-down retail names trading under $15 are getting a second look from value-focused investors this spring, especially the ones quietly improving cash flow while the headlines stay grim. With the consumer split into a clear K-shape and an ultra-hawkish Federal Reserve regime under Kevin Warsh squeezing rate-sensitive sectors, institutional capital has largely left department stores ... Down 45% This Year: 1 High-Yield Turnaround Machine Under $15 to Buy Hand Over Fist

Software Rallies 40% From April Lows as CrowdStrike Earnings Loom
24/7 Wall St.67d agobullish
Software Rallies 40% From April Lows as CrowdStrike Earnings Loom

Just two months ago, software stocks were one of the market’s biggest disappointments. Today, they are among its strongest performers. Speaking on CNBC’s Options Action, options reporter Oliver Renick highlighted the dramatic reversal underway across the software sector, noting that the group has gone from a steep early-year selloff to positive returns for 2026. “Software is officially ... Software Rallies 40% From April Lows as CrowdStrike Earnings Loom

Rare Earth Stocks, Copper Plays Surging; FCX, MP Near Buy Points
Investor's Business Daily67d agobullish
Rare Earth Stocks, Copper Plays Surging; FCX, MP Near Buy Points

Rare earth stocks and copper plays are flashing buy signals or close to it amid multiple catalysts. MP Materials and USA Rare Earth are both near buy points, as is S&P 500 copper giant Freeport-McMoRan. The copper price has rallied near an all-time high as markets brace for potential Trump tariffs news, with demand already outpacing supply.

Dollar General earnings beat: How high-income consumers factor in
Yahoo Finance Video67d agobullishVIDEO
Dollar General earnings beat: How high-income consumers factor in

Dollar General (DG) reported first quarter earnings that beat Wall Street's estimates. The company also raised its full-year profit outlook. Loop Capital Markets managing director and consumer sector head Anthony Chukumba and UBS US hardline and broadline and food retail analyst Michael Lasser chat with Yahoo Finance's Julie Hyman about the earnings results and the state of the consumer.

HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat | Stock Movers
Bloomberg67d agobullishVIDEO
HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei.