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Home Depot Stock Slips as CEO Takes Medical Leave
Home Depot shares fell 2.5% as CEO Ted Decker takes temporary medical leave. Two long-serving executives will lead until his return, with earnings due next week.
CAVA Shares Surge 16% on Strong Traffic, Boosting Market Value by $1.13B
CAVA stock soared 16% after strong traffic and sales exceeded forecasts, lifting market value by $1.13B. Same-restaurant sales rose 9%, but margins slipped 60 bps.
Robinhood Stock Wavers as Capital-Gains Tax Speculation Offers Limited Near-Term Upside
Robinhood shares fluctuated Wednesday amid capital-gains tax cut speculation. A 10% increase in equity volume would add roughly $12.9 million quarterly, but the near-term revenue impact is limited.
Rocket Shares Rise as Cooler Inflation Trims Mortgage Costs
Rocket Companies (RKT) advanced 1.7% premarket as a softer CPI report cut mortgage rates, saving $16 monthly on a $400,000 loan. The average 30-year rate fell to 6.72%.
El Niño Threat Looms Over Starbucks' Margin Recovery as Coffee Costs Surge
Starbucks' margin rebound faces a new threat from a likely strong El Niño and rising coffee costs, even as the stock nears analyst price targets.
Capital One shares slip as US credit card debt hits record $1.26T
Capital One shares dipped 0.9% in premarket after U.S. credit card debt hit a record $1.263 trillion. Delinquency rates remain high but stable, while COF's own credit metrics improved.
Oracle Shares Rebound 1.8% Amid Layoff Reports and $40B Funding Push
Oracle shares gained 1.8% premarket after reports of fresh layoffs, as the company balances AI-driven growth with a $40 billion funding plan and negative free cash flow.
Apple's $602B Valuation Gap: Jefferies Downgrade Sparks Sell-Off
Jefferies downgraded Apple to Sell, setting a $263.66 price target that implies a $602 billion valuation gap. Despite strong Q3 earnings, concerns over the iPhone roadmap weigh on shares.
Riskified Stock Soars 7% on Strong Q2 Revenue and Raised Guidance
Riskified shares climbed 6.8% premarket after Q2 revenue jumped 22% to $98.7M and full-year guidance was raised. Gross margin fell to 46%.