All articles tagged with #stock earnings
Oklo, a nuclear startup focused on small modular reactors, reported a Q3 loss of $36.3 million with no revenue but saw its stock rise amid increased government backing and positive analyst outlooks, highlighting its potential in the growing nuclear energy sector.
The stock market experienced a slight decline as investors await key economic data, including the upcoming jobs report, amid concerns over a potential government shutdown that could delay data releases. Major companies like Carnival, Nike, and Conagra are reporting earnings this week, while economic indicators such as employment figures, home prices, and consumer confidence are also scheduled for release. The outcome of congressional negotiations on government funding remains uncertain, impacting market and data release expectations.
The stock market saw gains with the Dow Jones and other indexes reaching new highs, despite notable declines in CoreWeave and Cava stocks following their earnings reports. Major tech stocks like AMD and Palo Alto Networks performed well, while market sentiment was influenced by inflation data and expectations of a Fed rate cut. Nvidia-backed CoreWeave reported a loss but beat revenue estimates, and Cava's sales fell short, leading to significant stock drops.
Eli Lilly is making a significant investment in GLP-1, a class of drugs used for diabetes and weight management. Additionally, there are specific expectations for the earnings reports of four key portfolio stocks.