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Linde Shares Decline Amid Energy Price Surge, Investor Focus on CFO Remarks
Linde plc shares dropped 1.6% to $501.45 Tuesday as surging energy prices triggered broad market declines. Attention now turns to the company's CFO speaking at a Raymond James conference on March 4.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
Booking Holdings Slips Amid Travel Sector Turmoil, Stock Split Looms
Booking Holdings shares edged lower Tuesday as escalating Middle East tensions pressured travel stocks and oil prices jumped 6%. The online travel giant's upcoming 25-for-1 stock split has a March 6 record date.
Verizon Rises on Sponsorship Review, Legal Clash with T-Mobile Intensifies
Verizon shares climbed 1.8% to $50.90 following news the company is evaluating its high-value sponsorships, including its NFL deal, while simultaneously facing a false advertising countersuit from rival T-Mobile.
Uber CFO Outlines Opportunistic Buyback Strategy, AV Investment at Morgan Stanley Event
Uber Technologies stock rose 1.6% to $77.15, outperforming the market, after CFO Balaji Krishnamurthy highlighted plans for opportunistic buybacks and continued investment in autonomous vehicles at a Morgan Stanley conference.
Adobe Shares Surge Ahead of Q1 Earnings, AI Monetization in Focus
Adobe shares gained 4.1% on Tuesday, defying broader market weakness, as investors look to the company's upcoming earnings report for clarity on AI monetization and acquisition progress.
Visa Expands Global Stablecoin Card Program with Stripe's Bridge
Visa's stock price remained flat following news of a major expansion of its stablecoin card initiative with Stripe's Bridge unit. The program will grow from 18 to over 100 countries, incorporating on-chain settlement via Lead Bank.
GE Aerospace Slumps 3% Amid Oil Spike, Defying Analyst Target Hike
GE Aerospace stock dropped 3.2% to $334.51 Tuesday, underperforming the industrial sector as a sharp rise in oil prices fueled inflation fears and a broad market sell-off, despite Bernstein lifting its price target.
American Express Boosts Dividend 16%, Shares Edge Higher
American Express increased its quarterly dividend by 16%, sending shares modestly higher. Investors now focus on the company's upcoming earnings report for details on consumer spending and credit health.
Credo Technology Shares Plunge on Margin Guidance Despite Record Sales
Credo Technology shares dropped sharply after the company projected a decline in gross margins for the current quarter, overshadowing record fiscal Q3 revenue and an acquisition.