Analyst news

• Lemonade warns that increased spending will hurt its near-term profit

  27-02-2024 23:51 via rocketnews.com
  Lemonade Inc., a tech-powered insurance provider, said Tuesday it would spend more on growth this year, a move it said would hurt profits in the months ahead following a year of “extraordinary challenges” in the insurance industry. In a letter to shareholders, management said Lemonade LMND, +8.44%planned to “roughly double” its growth budget this year from the $55 million it spent in 2023. “As the universe of products and geographies where we are rate-adequate expan
  
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• Charter appears to be the ‘natural buyer’ of Altice USA — but how likely is a deal right now?

  27-02-2024 23:20 via rocketnews.com
  Charter Communications Inc. “has always been the natural buyer” of Altice USA Inc., according to a Wolfe Research analyst. But could a deal actually happen? Altice ATUS, +18.88%investors seem to be hopeful, with the stock logging more than a 60% two-day gain in the wake of a Bloomberg News report saying that Charter CHTR, -0.90%is working with financial advisers to look into a possible combination. Charter’s stock has dropped about 3% over the same span. Charter is the top cabl
  
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• Are U.S. stocks in a bubble? History says no.

  27-02-2024 23:20 via rocketnews.com
  The S&P 500’s torrid and top-heavy advance over the past year has convinced some bearish investors that U.S. stocks are in a bubble. But history says otherwise.Since 1974, the S&P 500 has risen 100% of more during the three years that preceded every bubble peak, according to an analysis from a team of analysts at DataTrek. Despite the wild ride that stocks have been on over the past three years, the S&P 500’s performance during this period has been relatively pedestrian.
  
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• Surge pricing is coming to Wendy’s. Here’s how it already affects bigger purchases, like concert and plane tickets.

  27-02-2024 23:18 via rocketnews.com
  Surge pricing could be coming for your Wendy’s chili order. The fast-food chain with a red-headed mascot is leaving some people red-faced after the news that it plans to test “dynamic pricing” starting as early as next year. Skim through social media and it’s easy to find comments bashing the “Biggie Bag” provider, talking about watching “the price action of a hamburger,” or joking about being able to turn a profit on the resale of well-timed bacon
  
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• UnitedHealth’s stock falls after report of antitrust investigation

  27-02-2024 23:03 via rocketnews.com
  UnitedHealth Group Inc. shares UNH, -2.27%fell more than 2% Tuesday after the Wall Street Journal reported that the Justice Department has launched an antitrust investigation into the health-insurance giant.Justice Department investigators have interviewed industry representatives in sectors where UnitedHealth competes, including doctor groups, the Journal reported Tuesday, asking about certain relationships between the company’s UnitedHealthcare insurance unit and its Optum health-service
  
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• Virgin Galactic narrows losses, but the space-tourism stock drops

  27-02-2024 22:56 via rocketnews.com
  Virgin Galactic Holdings Inc. lost less money than expected in the latest quarter, but its stock was declining in Tuesday’s extended session.The aerospace and space-travel company logged a fiscal fourth-quarter net loss of $104 million, or 26 cents a share, whereas it lost $151 million, or 55 cents a share, in the year-before quarter. Analysts tracked by FactSet were expecting a 30-cent loss per share. Virgin Galactic SPCE, +6.74%also posted an $84 million loss on the basis of adjusted ear
  
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• Beyond Meat’s stock is sizzling, up 103% on growing gross margins

  27-02-2024 22:51 via rocketnews.com
  Beyond Meat Inc.’s stock hurtled 103% higher in after-hours trading Tuesday following the company’s quarterly results that included a forecast of gross margins in the mid- to high-teens for 2024.The beleaguered fake-meat maker BYND, +0.94%,which had slogged through several brutal quarters, reported a fiscal fourth-quarter net loss of $155.1 million, or $2.40 a share, compared with a net loss of $66.9 million, or $1.05 a share, in the same quarter a year ago.Net revenue declined to $7
  
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• First Solar predicts a better year ahead, and stock gains

  27-02-2024 22:45 via rocketnews.com
  First Solar Inc. shares rose more than 5% in the extended session Tuesday after investors looked past a mixed quarter for the solar-power company to cheer guidance for the year. First Solar FSLR, +0.28%earned $349 million, or $3.25 a share, in the fourth quarter, compared with $268 million, or $2.50 a share, in the year-ago period. Revenue rose by $400 million to $1.2 billion, the company said. Analysts polled by FactSet expected earnings of $3.19 a share on sales of $1.3 billion.The company gui
  
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• Dow ends down nearly 100 points as stock rally stalls after run to records

  27-02-2024 22:34 via rocketnews.com
  Wall Street took another breather on Tuesday, with the Dow Jones Industrial Average suffering back-to-back losses after notching multiple record highs earlier this month, while investors eyed fresh data on slipping consumer sentiment and awaited a closely watched inflation gauge due out later this week.How stocks traded The S&P 500 SPXended up 8.65 points, or 0.2%, at around 5,078.18.The Dow Jones Industrial Average DJIAdropped 96.82, or 0.3%, to finish at 38,972.41. It was the largest one-d
  
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• Vizio results beat expectations, helped by a jump in ad revenue and smart-TV sales

  27-02-2024 22:33 via rocketnews.com
  Vizio Holding Corp., the TV maker being bought by Walmart Inc., reported fourth-quarter results Tuesday that beat expectations, helped by a jump in advertising and smart-TV platform sales. The results came as Walmart WMT, -0.02%last week said it would buy Vizio for $2.3 billion, a move intended to help Walmart hit more people with digital ads in more places. Walmart said it expects that deal to close during its fiscal year, which wraps up at the end of January 2025.Shares of Vizio VZIO, +1.38%we
  
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• Viking Therapeutics’ stock more than doubles as investors cheer cheap entry to weight-loss-drug craze

  27-02-2024 20:54 via rocketnews.com
  Viking Therapeutics Inc.’s stock soared 120% Tuesday to a record high, after the company announced positive results from a Phase 2 trial of its weight-loss drug VK2735, a GLP-1 receptor agonist that it’s developing in both injectable and oral form as a treatment for obesity and diabetes.The stock VKTX, +126.80%was on track for its biggest-ever one-day percentage gain. Volume of about 50 million shares traded far eclipsed the average of 3.17 million a day for the last 65 days. Maxim a
  
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• AMC shares set to continue winning streak as original meme stock’s Q4 results loom

  27-02-2024 17:59 via rocketnews.com
  Shares of AMC Entertainment Holdings Inc. are up 5.9% Tuesday, putting them on pace to extend their winning streak to three days and register the biggest daily percentage increase since Feb. 14, when they rose 6.9%. The movie-theater chain and original meme stock reports fourth-quarter results after market close Wednesday. Analysts surveyed by FactSet expect AMC AMC, +4.83%to report a fourth-quarter loss of 70 cents a share and revenue of $1.058 billion.In a note released Friday, analyst firm We
  
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• Goldman Sachs could profit as IPO and merger activity climbs: analyst

  27-02-2024 17:55 via rocketnews.com
  Goldman Sachs Group Inc.’s stock was initiated with a buy rating at Edward Jones on Tuesday on expectations the it will outpace other financial stocks over the next five years as capital-market activity picks up. Analyst James Shanahan said a stronger environment for mergers and acquisitions as well as for initial public offerings “could be a strong catalyst for revenues and earnings” at Goldman Sachs GS, +0.15%.Goldman Sachs’s stock was up fractionally on Tuesday. The st
  
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• Why Caitlin Clark could make more money staying in college than going to the WNBA

  27-02-2024 17:41 via rocketnews.com
  Caitlin Clark is one of the biggest stars in college basketball. She is just 51 points away from setting the all-time scoring record in Division I history – men’s or women’s. Peter Maravich currently holds the record with 3,667 points. Clark will likely be the No. 1 overall pick in the WNBA draft when she turns pro, but will she leave the Iowa Hawkeyes after this season, or stay in college another year?She’s a senior, but has a fifth year of NCAA eligibility remaining due
  
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• Lowe’s stock rises despite home-improvement retailer’s downbeat outlook

  27-02-2024 17:33 via rocketnews.com
  Shares of Lowe’s Cos. were rising Tuesday after the home-improvement retailer’s big quarterly profit beat was overshadowed by a downbeat full-year outlook. While profit increased amid improved gross margin, sales fell from a year ago due to “a slowdown in [do-it-yourself] demand and unfavorable January winter weather,” the company said in a release.After declining in premarket trading, the stock LOW, +2.31%is up 2.8%.Net earnings for the company’s fiscal fourth quar
  
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• Viking Therapeutics’ stock almost doubles as investors cheer cheap entry to weight-loss-drug craze

  27-02-2024 17:16 via rocketnews.com
  Viking Therapeutics Inc.’s stock soared 90% Tuesday to a record high, after the company announced positive results from a Phase 2 trial of its weight-loss drug VK2735, a GLP-1 receptor agonist that it’s developing in both injectable and oral form as a treatment for obesity and diabetes.The stock VKTX, +90.80%was on track for its biggest one-day percentage gain since May 31 of 2018 when it rose more than 100%. Volume of 21.6 million shares traded far eclipsed the average of 3.17 milli
  
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• Dow Jones edges lower as markets consolidate after run to records

  27-02-2024 17:08 via rocketnews.com
  U.S. stocks struggled for direction Tuesday, as traders eyed fresh data on slipping consumer attitudes but braced for a closely watched inflation gauge due later in the week. How stocks are trading The S&P 500 SPXdropped less than a point, or less than 0.1%, to 5,069 The Dow Jones Industrial Average DJIAdropped 142 points, or 0.3%, to 38,927 The Nasdaq Composite COMPgained 34 points, or 0.2%, to 16,010On Monday, the Dow, S&P 500 and Nasdaq Composite logged small declines. The minor pullb
  
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• The stock market is overvalued from any perspective

  27-02-2024 16:51 via rocketnews.com
  Might there be a way to wriggle out from underneath the bearish message of the stock market’s overvaluation? Tantalizing as this possibility might be, it does seem remote. Take the Cyclically-Adjusted Price Earnings (CAPE) ratio, for example, which was made famous by Yale University finance professor (and Nobel laureate) Robert Shiller. It has one of the best historical track records when forecasting the stock market’s subsequent 10-year real total return, and its current level is h
  
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• A second Trump term may benefit these stock-market sectors most

  27-02-2024 16:46 via rocketnews.com
  There’s a real possibility that former President Donald Trump may retake the White House in November, according to the latest polls.Therefore, it’s worth asking: How might a second Trump term impact stocks? Tom Essaye, publisher of Sevens Report Research, recently shared his expectations for which corners of the stock market might outperform, and which might struggle, if Trump triumphs in an expected election rematch with President Joe Biden.U.S. stocks will outperform their internat
  
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• Consumer confidence falls for the first time in four months as anxiety about politics rises

  27-02-2024 16:40 via rocketnews.com
  The numbers: Consumer confidence retreated in February from a six-month high, partly because of angst about the U.S. presidential election. The closely followed index fell to 106.7 from a revised 110.9 in January, the Conference Board said Tuesday. It was the first decline in three months. Economists polled by the Wall Street Journal had forecast the index to register 115.1.Consumer confidence tends to signal whether the economy is getting better or worse. Confidence has improved considerably si
  
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• War wasn’t enough to budge oil prices. Here’s what could spark a big move.

  27-02-2024 16:37 via rocketnews.com
  Oil has seen a lot of ups and downs in the last two years, but following the outbreak of wars between Russia and Ukraine in 2022, and Israel and Hamas last year, prices have also stuck to a tight trading range after short-lived bouts of volatility.The “muted” swings in global benchmark oil prices, despite wars in the Middle East and Eastern Europe, reflect a modest geopolitical risk premium and the “stabilizing forces of elevated spare capacity and the OPEC put,” said ana
  
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• How John Maynard Keynes would’ve approached idea of using frozen Russian assets to fund the war in Ukraine

  27-02-2024 14:54 via rocketnews.com
  Treasury Secretary Janet Yellen on Tuesday gave her strongest endorsement yet of the idea of using frozen Russian assets to fund the war in Ukraine. But at a press conference from Sao Paulo, Brazil, ahead of the Group of 20 finance minister meeting, she did mention there’s an alternative idea: using those frozen Russian assets as collateral for borrowing.It’s an idea pushed by Belgium. And, according to RSM chief economist Joe Brusuelas, it would be the alternative that renowned econ
  
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• Dow futures struggle for direction as markets consolidate after run to records

  27-02-2024 14:49 via rocketnews.com
  U.S. stock-index futures were little changed Tuesday as traders took a breather before important economic data later in the week, including a closely watched inflation gauge.How are stock-index futures trading S&P 500 futures ES00, +0.13%rose 1 point to 5081 Dow Jones Industrial Average futures YM00, -0.03%dropped 27 points, or less than 0.1%, to 39,089 Nasdaq-100 futures NQ00, +0.27%gained 20 points, or 0.1%, to 17,997On Monday, the Dow DJIA,S&P 500 SPXand Nasdaq Composite COMPlogged sm
  
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• Macy’s to close 150 stores as part of plan to boost growth, revitalize brand

  27-02-2024 14:44 via rocketnews.com
  Shares of Macy’s Inc. fell Tuesday, after the department-store chain announced a plan to revitalize its business that includes closing 150 stores and resulted in a $1 billion charge. Macy’s said the plan also includes monetizing up to $750 million of assets. And in a separate release, Macy’s reported fourth-quarter results that beat expectations.“A Bold New Chapter serves as a strong call to action. It challenges the status quo to create a more modern Macy’s, Inc.,&
  
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• Durable-goods orders drop 6.1% in January on fewer airplane contracts

  27-02-2024 14:31 via rocketnews.com
  Story developing. Stay tuned for updates here. The numbers: Orders for durable or long-lasting goods sank 6.1% in January, but the decline was exaggerated by a brief lull in orders for Boeing passenger planes.Economists polled by The Wall Street Journal had forecast a 5% decline.New orders fell by a mild 0.3% last month if planes and cars are stripped out. Orders minus transportation give a more accurate view of how well businesses are performing. A key measure of business investment, meanwhile,
  
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• Smucker’s profit tops estimates as Hostess acquisition sweetens its business

  27-02-2024 14:22 via rocketnews.com
  The J.M. Smucker Co. on Tuesday reported stronger-than-expected adjusted third-quarter profit, as it integrated its acquisition of Hostess Brands and total sales rose 1%.J.M. Smucker Co. SJM, -0.53%said its net income dropped to $120.4 million, or $1.14 a share, for its fiscal third quarter through Jan. 31,down from $208.5 million, or $1.96 a share, in the year-earlier period. The parent of brands such as Folgers coffee, Dunkin’, Hostess and Milk-Bone pet food said adjusted per-share earni
  
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• Viking Therapeutics’ stock doubles after company reports positive results in trial of weight-loss drug

  27-02-2024 14:20 via rocketnews.com
  Viking Therapeutics Inc.’s stock soared 100% early Tuesday, after the company announced positive results from a Phase 2 trial of its weight-loss drug VK2735, a GLP-1 receptor agonist that it’s developing in both injectable and oral form as a treatment for obesity and diabetes.The trial met all primary and secondary endpoints, showing statistically significant reductions in body weight at all doses compared with placebo, the company said.Patients receiving weekly doses of the drug los
  
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• Citigroup’s stock wins another upgrade as analysts cheer turnaround plan

  27-02-2024 13:59 via rocketnews.com
  Citigroup Inc. has drawn an upgrade to buy from hold at CFRA Research as the bank’s turnaround plan under Chief Executive Jane Fraser drew praise. CFRA analyst Kenneth Leon said Citigroup C, -1.02%is currently trading at a discount to its peers and that the bank’s effort to cut costs and focus on its core areas of strength should drive increased profitability and better free cash flow. “We see C executing its strategy to streamline the bank and drive growth in areas where
  
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• Economic calendar for the week 04.03.2024 – 10.03.2024

  27-02-2024 13:42 via litefinance.org
  
  The focus of investors' attention next week will be on several important events and publications. Among them are interest rate decisions of the central banks of Canada, the Eurozone, as well as the publication of data on the US labor market for January.Labor market information is critical, along with GDP and inflation data, to the Federal Reserve's consideration of its monetary policy. At the moment, comparative analysis of economic indicators is tilted in favor of the United States and the
  
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• Treasury yields dip as traders eye important inflation data

  27-02-2024 11:52 via rocketnews.com
  U.S. bond yields fell early Tuesday as traders eyed a batch of economic data and comments by Federal Reserve officials in coming days.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yslid by 2.2 basis points to 4.691%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Yfell 1.6 basis points to 4.267%. The yield on the 30-year Treasury BX:TMUBMUSD30Ydipped 1 basis point to 4.387%. What’s driving markets Benchmark Treasury yi
  
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• Johnson & Johnson stock forecast

  27-02-2024 11:40 via litefinance.org
  
  Johnson & Johnson, a titan in the global healthcare industry, not only demonstrated its robust financial health with a 7.3% sales increase to $21.40 billion in the last quarter of 2023 but also reflected this strength in its stock performance. The company, known for its resilience and growth, reported a substantial net income of $4.13 billion, or $1.70 per share, making its stock a bellwether for the broader health sector and a reliable indicator for investors.This article will provide an in
  
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• When teens and young adults help older people learn technology one-on-one, great things can happen

  27-02-2024 11:02 via rocketnews.com
  This article is reprinted by permission from NextAvenue.org. British writer and theologian C.S. Lewis once said, “Mental pain is less dramatic than physical pain, but it is more common and hard to bear.” With all the attention to mental health and well-being, communities are trying to find ways to tackle this issue, which worsened after COVID-19.But tackling loneliness, especially among older adults, requires a targeted and unique solution since the experience of loneliness is b
  
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• More than a third of Americans have never seen an EV in their neighborhood, survey says

  27-02-2024 11:01 via rocketnews.com
  Most automakers plan to sell all- or mostly-electric lineups in a little more than a decade. But, as with most new things, people are reluctant to say they’d consider buying something they’ve never seen. Studies show that Americans grow more willing to buy an electric vehicle the more time they spend around them. But more than a third of Americans haven’t been exposed to them at all, according to a new study.Consumer Reports asked 9,030 Americans about their attitudes toward EV
  
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• Here are the 10 cheapest new electric cars of 2024

  27-02-2024 11:00 via rocketnews.com
  It’s official: We’re living in the future. Not technically, of course — now is still now — but today’s car market is the future we dreamed of not so long ago, with a host of affordable EVs on the market — and the prices listed below don’t even include incentives, rebates, or other discounts. You may be wondering why the Chevrolet Bolt and Bolt EUV are not on this list, considering they’re both more affordable than the Nissan NSANY,Leaf, and that&rs
  
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• S&P 500 futures steady as markets consolidate after running to record highs

  27-02-2024 10:59 via rocketnews.com
  U.S. stock-index futures were little changed early Tuesday as traders eyed important economic data later in the week.How are stock-index futures trading S&P 500 futures ES00, +0.09%rose 2 points, or 0%, to 5082 Dow Jones Industrial Average futures YM00, +0.03%added 1 point, or 0%, to39117 Nasdaq-100 futures NQ00, +0.20%gained 16 points, or 0.1%, to 17993On Monday, the Dow Jones Industrial Average DJIAfell 62 points, or 0.16%, to 39069, the S&P 500 SPXdeclined 19 points, or 0.38%, to 5070
  
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• Loonie: bears are being persistent. Forecast as of 27.02.2024

  27-02-2024 10:57 via litefinance.org
  
  Will the Fed be the first to cut rates, or will the Bank of Canada get ahead of it? Who benefits more from the oil rally, USDCAD bulls or bears? Let us discuss this topic and make up a trading plan.Weekly Canadian dollar fundamental forecastThe Canadian dollar looks strong due to its proximity to the US economy, Canada's main market for goods. According to Scotiabank, this strength will allow the Bank of Canada to begin cutting rates in the third quarter rather than in the second
  
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• Chevron deal to buy Hess at risk as Exxon, CNOOC eye Guyana stake

  27-02-2024 10:49 via rocketnews.com
  Chevron warned it may not complete its planned buyout of Hess as Exxon Mobil and the China National Offshore Oil Corporation are saying the planned deal would trigger their right to boost their stakes in a Guyana venture. The warning came in a Securities and Exchange Commission filing, which says that both Exxon and CNOOC informed Hess HES, +0.57%and Chevron CVX, -0.14%that the U.S. deal triggers a change-of-control provision allowing them to boost their stakes.Right now, the companies are in ta
  
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• Shein considers launching IPO in London instead of New York following U.S. scrutiny: report

  27-02-2024 10:47 via rocketnews.com
  Fast-fashion giant Shein is reportedly exploring plans to pivot its upcoming IPO by listing in London instead of New York, in what would come as a major boost for the U.K.’s main stock market following a departure of significant listings over the previous year.  The Sino-Singaporean company first filed for a New York IPO in November 2023, but is now considering shifting the float to London, in seeking to avoid the heightened scrutiny it has faced in the U.S. over its operations in Chi
  
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• Call Japan rally the ‘end of deflation’ market, says JPMorgan strategist

  27-02-2024 10:21 via rocketnews.com
  The current bull market that has seen the end of Japan’s lost three decades should be called the “end of deflation” market, says JPMorgan’s top Japan strategist. The note from JPMorgan’s Rie Nishihara came as inflation data out of Japan once again came in on the hot side, with core CPI sliding to 2% from 2.3% but topping estimates of 1.8%.The yield on the 2-year Japanese government bond BX:TMBMKJP-02Yrose as high as 0.176%, the highest level since 2011. The Nikkei 2
  
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• Record share of Americans say illegal immigration is the top problem facing the U.S.

  27-02-2024 10:00 via rocketnews.com
  A record share of Americans see illegal immigration as a “critical threat to the vital interests of the United States,” and the issue ranks as the No. 1 most important problem facing the country, according to a new poll published Tuesday by Gallup.Fifty-five percent of Americans now say that large numbers of immigrants entering the United States illegally present an acute threat to the country’s interests, up from a previous high of 50% set in 2004. Americans also now rank immi
  
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• Short-term analysis for oil, gold, and EURUSD for 27.02.2024

  27-02-2024 09:09 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The euro is growing in support (A) 1.0804 - 1.0796 with a target at February 22 high.Oil price forecast for today: USCrude analysisThe oil price is rising as part of a short-term uptrend. The growth target is level 78.50. In case of its breakout, the nex
  
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• Dollar has no rivals. Forecast as of 27.02.2024

  27-02-2024 08:06 via litefinance.org
  
  The EURUSD bulls can afford to go ahead in the short term; however, structural factors come into play over a longer investment horizon. Let us discuss the Forex outlook and make up a trading plan.Weekly US dollar fundamental forecastGrowth results in growth. This is clearly seen in the example of Bitcoin, which has soared to its highest levels since 2021 due to a surge in demand for a naturally limited asset. The same thing happens with US stock indices. Their rally is driven by the strength of
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 27.02.2024

  27-02-2024 07:32 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the final wave (5) unfolding inside. Three out of five sub-waves have completed within impulse (5). A complex correction 4 must have completed as a triple zigzag [W]-[X]-[Y]. Impulse 5 shou
  
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• Retirement balances are at their highest in nearly two years, with 20% jump in 401(k) millionaires

  27-02-2024 06:01 via rocketnews.com
  The fourth quarter ended on an upswing for retirement savers. Retirement-account balances hit their highest levels in two years amid improved market conditions and consistent savings rates, according to Fidelity Investments. The average 401(k) account balance was $118,600 in the fourth quarter, up 14% from a year ago, Fidelity said. The average IRA balance was $116,600, up 12% from a year ago. The average 403(b) balance was $106,100, up 14% from a year ago.“This past year ended on a high n
  
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• Bitcoin rallies to highest level since November 2021 as investors eye record high

  27-02-2024 04:28 via rocketnews.com
  Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency attract more capital into the space, while investors await the upcoming “halving” event, which has historically been bullish for bitcoin prices.  Bitcoin BTCUSD, +2.33%rose 9.5% over the past 24 hours to nearly $57,000 at one point, according to CoinDesk data. It is roughly off 17% from its record high at $68,990, reached in November 2021. In
  
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• Could landlines be a necessity? The AT&T outage shows why cellphones alone may not be enough.

  27-02-2024 04:15 via rocketnews.com
  Like so many other phone users, Lindsay Woods ditched her landline some years ago and now relies solely on her cellphone. But after last week’s AT&T T, -1.19%outage, the Oregon resident is starting to have second thoughts. Woods’ concern? As a veteran publicist and marketing professional who runs her own firm, she wants to make sure she can always be available to clients. But even more important: Woods has a medical condition that could necessitate an emergency call on a moment&r
  
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• Li Auto shares gain 20% in Hong Kong after big earnings beat, solid 2024 outlook

  27-02-2024 03:56 via rocketnews.com
  Li Auto’s shares 2015, +21.02%rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage gain in almost two years. The jump, which came after a steep rise in U.S.-listed ADRs LI, +18.79%overnight, pulled shares into the green for the year, a
  
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