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ServiceNow Stock Slips as Backlog Growth Takes Center Stage Ahead of Earnings
ServiceNow shares declined 2.7% as investors scrutinized the company's cRPO growth guidance of 19%, which trails its subscription revenue target of 22.5%, ahead of Q2 earnings.
Bloom Energy Stock Slips 5.6% as $1.7B AI Deal Raises Revenue Concerns
Bloom Energy shares dropped 5.6% Monday as a $1.7 billion AI financing deal for Nebius Group fails to reassure investors about near-term revenue realization. The market awaits Q2 earnings on July 28.
Micron Rebounds 4.6% as Contrasting Valuations Spark Debate Amid AI Memory Boom
Micron shares bounced 4.6% on Monday, approaching $888. The rally comes as Q4 annualized EPS trades at 7.2x, while Q3 adjusted free cash flow shows a 13.9x multiple.
USA TODAY Stock Nears 52-Week High Amid New Awards Deal
USA TODAY Co. shares rose 3.4% in premarket trading as the company launches a new awards initiative, while digital subscriptions remain a small fraction of its audience.
Brent Crude Dips Below $90 as Fuel Margins Surge, Inflation Worries Mount
Brent crude eased to $88.28 after hitting a one-month high, but soaring fuel margins and $4 gasoline pose a greater inflation threat as global refinery runs drop.
Dollar Tree to Close 75 Stores While Opening 400 in Expansion Push
Dollar Tree (NASDAQ:DLTR) will close 75 stores in fiscal 2026 but open 400 new ones, resulting in 325 net new locations. Multi-price conversions now cover about 63% of its network.
Oracle's Share Plunge Triples Dilution from $20B Equity Plan
Oracle shares fell 63%, nearly tripling the dilution from its $20 billion equity plan. S&P downgraded the stock to BBB- on a projected $42 billion free cash flow shortfall for fiscal 2027.