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Nu Holdings Surges 6.5% as Foreign Inflows Lift Brazilian Bank Stocks
Nu Holdings (NU) jumped 6.5% as foreign capital inflows fueled a rally in Brazilian bank stocks, with shares reaching $15.62 premarket. The fintech's Q2 ROE hit 33%, but rising delinquencies pose risks.
TKO Shares Dip 0.7% as WWE's Strong Margin Offsets Talent Cost Concerns
TKO Group Holdings (TKO) shares slipped 0.7% in premarket trading as analysts highlighted WWE's robust 59% adjusted EBITDA margin as a buffer against potential talent cost increases.
Micron Rebounds 2.4% as Memory Prices Surge, Q3 Margins Hit 84.9%
Micron (MU) recovered from an early 1.6% drop to close up 2.43% as memory prices firmed. Q3 non-GAAP gross margin hit 84.9%, with Q4 guidance of $50B revenue and ~86% margin.
Delta Stock Rebounds 2.3% Despite Rising Jet Fuel Costs
Delta Air Lines (DAL) shares climbed 2.3% as investors weighed rising jet fuel prices against robust demand. The carrier maintains its 11-13% margin outlook.
Stellantis Faces Labor Talks as Thin Margins Limit Room for Costly Deal
Stellantis shares ticked up as Canadian labor negotiations with Unifor threaten its fragile 1.8% margin recovery. A deal must be reached by September 11.
Fervo Energy Holds Gains Post-Google Deal, Capex Test Ahead
Fervo shares hold an 18.5% gain from Monday despite a Wednesday pullback. The Google PPA boosts visibility, but heavy capex and 2028 delivery remain key tests.
Generation Income Properties Soars 58% as Debt-Cut Plan Advances
GIPR stock surged 58% in premarket after asset sales cut preferred debt, but shares remain below Nasdaq's $1 minimum bid.
Treasury Yields Near 5% Pressure Stocks as Labor Data Disappoints
10-year Treasury yield stays near 4.8% after weak ADP jobs data and rising oil prices, intensifying pressure on equity valuations and Fed policy outlook.
DOJ Backs OpenAI's Fair Use Defense in Copyright Battle
The DOJ filed a brief supporting OpenAI's fair use defense in a copyright case, citing public benefits. Microsoft (MSFT) remains the key exposure as OpenAI's valuation hits $852B.
DTE Faces 80K Outages as $900M Grid Upgrade Put to Test
Severe storms knocked out power for 80,388 DTE customers, testing the utility's $900 million grid upgrade. Shares closed at $136.05, with analysts mostly bullish.
