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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%.
Cardinal Health Soars on Strong 2027 Outlook Despite Cash Flow Dip
Cardinal Health (CAH) shares climbed 3.6% premarket after the company issued FY2027 adjusted EPS guidance of $12.40-$12.60, above consensus, despite a projected 25% decline in free cash flow.
H&R Block Shares Jump 15% on Strong Guidance and Buybacks
H&R Block shares soared 15% in premarket trading after the tax-prep company delivered strong Q4 results and issued upbeat FY2027 guidance, helped by aggressive share repurchases.
ChipMOS Soars 12% on Record Revenue and Margin Recovery
ChipMOS (IMOS) shares jumped 11.7% after Q2 revenue hit its highest since 2014 and gross margin surged 11.4 points, signaling strong demand and pricing power.
Rocket Lab Stock Climbs on Record Backlog, Neutron Timing Weighed
Rocket Lab (RKLB) shares rose 1.2% to $80.99 premarket, buoyed by a record $2.36B backlog and strong Q2 revenue, though Neutron launch timing remains a concern.