Articles by Daniel Marsh
SoundHound AI Shares Dip 3.7% as Revenue Growth Questions Loom
SoundHound AI shares dropped 3.7% to $6.22 as a new Deliverect partnership failed to reassure investors ahead of Q2 results, with revenue growth targets under scrutiny.
Megacap Cash Burn and Surging Oil Pressure Markets
U.S. stocks fell sharply on Thursday, led by a 2.3% drop in the Nasdaq, after Alphabet and Tesla reported heavy capital spending and negative free cash flow. Brent crude surged above $101, adding to inflation fears ahead of the Fed meeting.
Dow Plunges 507 Points; Tech Giants Alphabet, Amazon, Salesforce Fuel Nearly Half the Drop
The Dow Jones fell 507 points as Alphabet, Amazon, and Salesforce accounted for nearly half the drop. Oil above $100 and rising rate hike odds added pressure, while Honeywell gained.
Sky Quarry Stock Surges on Record Trading Volume Ahead of Refinery Restart
Sky Quarry shares surged 34.4% on heavy trading volume, far exceeding the company's total outstanding shares, as speculation builds around a planned refinery restart in Nevada.
Lowe's Valuation Gap Widens as EPS Growth Outpaces Home Depot
Lowe's shares slipped 1.5% to $201.33, trading at 16.1 times earnings versus Home Depot's 21.7, despite stronger adjusted EPS growth.
Joby Aviation Shares Dip as UK Deal Spotlights Cash Runway to 2028
Joby Aviation shares declined as its Virgin Atlantic deal underscores a cash runway to 2028, matching the UK's target for commercial eVTOL flights. The stock fell 1.7% in New York trading.
Huntington Bancshares Slips 5% on Deposit Cost Pressure Despite Strong Organic Growth
Huntington Bancshares shares dropped 5.1% on Thursday as rising deposit costs and a declining net interest margin overshadowed strong organic deposit growth.
Mortgage Rate Surge Squeezes Homebuilder Margins as 7% Looms
Daily U.S. mortgage rates climbed to 6.85%, the highest in 13 months, widening the spread with Freddie Mac's weekly average and signaling fresh margin pressure on homebuilders.
Nuvve Holdings Plunges 46% as Nasdaq Suspension Looms Over Capital Deficit
Nuvve Holding Corp. (NASDAQ:NVVE) shares plummeted 46% on Thursday after Nasdaq announced a suspension due to a capital shortfall, with trading expected to shift to OTC markets.
Plug Power Holds at $2.21 as $80M Liquidity Push Meets Cash Burn Concerns
Plug Power shares traded near $2.21 as the company seeks $80 million in liquidity to cover about half of its quarterly cash burn. Unrestricted cash stood at $162 million as of June 30.
Paranovus Shares Soar on Heavy Volume, Yet Remain Deep Below June Financing
Paranovus stock jumped 53% on volume 11.7 times its post-split share count, but the price remains 70% below June's $20 financing level, indicating a persistent funding gap.
Dow Drops 556 Points on AI Spending Concerns; Index Weighting Amplifies Losses
The Dow Jones Industrial Average tumbled 556 points, or 1.1%, driven by Alphabet and Amazon amid AI spending concerns. Index price weighting amplified the decline.