Analyst news

• DeVos grilled by Democrats on public school cuts, private school discrimination

  24-05-2017 21:39 via rocketnews.com
  
  Democratic legislators pressed Secretary of Education Betsy DeVos in her first public testimony since a contentious confirmation process.
  DeVos was answering questions on the White House budget proposal in front of the House Appropriations Subcommittee on Labor, Health and Human Services and Education. The budget proposal has been criticized by some for making deep cuts to public education to fund school choice voucher programs such as those that DeVos promoted in her home state of Michigan.
  Rep
  
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• Broadcom delivers strong earnings view as CEO touts growth with AI labs

  06-09-2026 23:06 via rocketnews.com
  
  Broadcom reported financial results that exceeded certain expectations while falling slightly short on others, alongside forward-looking statements about its artificial intelligence segment. The company’s stock rose in extended trading following the announcement.
  For the fiscal fourth quarter, Broadcom reported revenue of $15.95 billion in the prior year period, which increased 86% during the quarter. The company generated net income exceeding $13 billion, translating to $2.68 per share c
  
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• Tether-backed exchange suddenly halts withdrawals ahead of shutdown

  06-09-2026 23:05 via rocketnews.com
  
  Orionx, a cryptocurrency trading exchange headquartered in Chile and backed by stablecoin provider Tether, announced on September 3 that it would be ceasing operations following the discovery of significant financial discrepancies. A forensic audit conducted by the company revealed that client assets totaling more than $7 million had been transferred to cryptocurrency wallets not controlled by the exchange.
  In response to the findings, Orionx filed a complaint with the country’s Public Pr
  
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• Netflix Raised U.K. Prices Again. History Says a Netflix Price Increase Has Never Cost It a Year of Revenue Growth.

  06-09-2026 23:05 via rocketnews.com
  
  Netflix implemented price increases across its entire United Kingdom subscription lineup in early September. The ad-supported standard plan rose from £5.99 to £7.99 per month, representing a one-third increase, while the ad-free standard plan moved to £13.99 and the premium tier to £20.99. New subscribers faced the higher prices immediately, with existing members receiving approximately 30 days’ notice before changes took effect on their accounts.
  Market reaction t
  
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• Mohamed El-Erian says an influx of hyperscaler bonds is competing with U.S. Treasuries — and pushing rates higher

  06-09-2026 23:05 via rocketnews.com
  
  Prominent economist Mohamed El-Erian has attributed rising bond yields to an imbalance between the volume of bonds being issued and the number of reliable buyers available to absorb them. Speaking to CNBC on Friday, El-Erian characterized the situation as fundamentally a supply-and-demand issue rather than a reflection of inflation concerns or Federal Reserve credibility. He noted that governments, hyperscalers, and other corporations are collectively issuing far more debt than traditional purc
  
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• Bond Traders Brace for More Swings at Both Ends of US Yield Curve

  06-09-2026 23:05 via rocketnews.com
  
  Bond market participants positioned for increased turbulence across the maturity spectrum as several significant economic announcements and policy developments approached during the week ahead.
  Treasury Secretary Scott Bessent announced plans for an expanded bond buyback program scheduled to begin later in the week, with the operation potentially exceeding the previous $2 billion maximum by multiples of three to five. The announcement came after 30-year yields had climbed to levels not seen sin
  
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• BitGo (BTGO) Buys Into NYDIG’s Trading Desk Just as Crypto Volume Comes Back

  06-09-2026 23:05 via rocketnews.com
  
  BitGo Holdings, Inc. announced the acquisition of the institutional trading business of NYDIG, according to reporting from August 27, 2026. The transaction valued at roughly $42.5 million, to be paid primarily in BitGo stock, will bring approximately 30 NYDIG employees and around 250 institutional client relationships into BitGo’s operations.
  The acquisition expands BitGo’s institutional platform by adding derivatives, structured products, financing, and other capital markets servic
  
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• Big Institutions are Quietly Buying Into Blackstone (BX) and KKR’s Wealth Funds

  06-09-2026 23:05 via rocketnews.com
  
  Blackstone Inc. and KKR & Co. are seeing institutional investors begin allocating capital to evergreen private market funds that the firms initially developed for high-net-worth individuals, according to reporting from the Financial Times. Evergreen funds allow investors to access capital at predetermined intervals rather than committing funds for the typical decade-long lifecycle of traditional private equity vehicles.
  Joan Solotar, who leads Blackstone’s wealth business, confirmed t
  
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• SanDisk (SNDK) Soars on S&P 100 Inclusion; Hedge Fund Ownership More-Than-Doubles

  06-09-2026 13:03 via rocketnews.com
  
  SanDisk Corp. closed at $1,740 on Friday, experiencing an 11.9 percent increase as the stock posted its third consecutive day of gains. The rally was driven by investor positioning ahead of the company’s inclusion in the S&P 100 index, which was announced as part of the S&P Dow Jones Indices quarterly rebalancing. The memory manufacturer will join the index on September 21, along with Dell Technologies, Palo Alto Networks, and Arista Networks, replacing Honeywell Aerospace, Nike I
  
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• Hafnia (HAFN) Payouts Surge as Q2 Profit Hits Multi-Year High

  06-09-2026 13:03 via rocketnews.com
  
  Hafnia Limited reported second-quarter net profit of $277.8 million on August 28, marking its strongest quarterly performance since the third quarter of 2022. The tanker shipping company achieved time charter equivalent income of $372.9 million with an average fleet TCE of $44,093 per day, translating to a 44.6% annualized return on equity. The results reflected elevated freight rates sustained by geopolitical disruptions in the Persian Gulf and Red Sea over a six-month period.
  The company&rsqu
  
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• These 2 AI Storage Stocks Soared as the S&P 500 Fell

  05-09-2026 23:05 via rocketnews.com
  
  Seagate Technology Holdings plc and Western Digital Corporation posted notable gains on September 4 while the broader S&P 500 index fell 0.4%. Seagate advanced 6.3% and Western Digital rose 5.9%, suggesting investors were rotating capital toward profitable infrastructure plays rather than making traditional defensive trades.
  The strength in these storage stocks reflected investor confidence in the sector’s exposure to artificial intelligence infrastructure needs. Generative AI applica
  
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• The S&P 500 Fell, but These 2 AI Memory Stocks Exploded Higher

  05-09-2026 23:05 via rocketnews.com
  Wall Street experienced a divergent trading session on September 4, with the broader market declining while certain technology stocks advanced significantly. The S&P 500 retreated 0.4% following a stronger-than-expected jobs report that raised concerns about interest rates. In contrast, Sandisk Corporation jumped 11.9% and Micron Technology gained 6.1%, suggesting selective investor interest rather than a broad market rally.
  The performance of these two memory stocks reflected a rotation to
  
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• Casella’s (CWST) Growth Machine Is Outrunning Its Own Profits

  05-09-2026 23:05 via rocketnews.com
  
  Casella Waste Systems reported second-quarter results that demonstrated divergent performance across key metrics. Revenue reached $543.7 million, representing 16.9% growth compared to the prior year, while adjusted EBITDA climbed 12.5% to $123.2 million. However, GAAP net income declined 27.6% to $3.8 million, highlighting a widening gap between top-line expansion and bottom-line profitability.
  The company’s revenue growth was fueled by multiple drivers. Five acquisitions completed during
  
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• Magnolia Oil & Gas (MGY) Doubles Profits While Betting Big On Growth

  05-09-2026 23:04 via rocketnews.com
  
  Magnolia Oil & Gas reported second-quarter results on August 5 that showed significant improvement across profitability and cash generation metrics. Net income reached $181.8 million, representing a 124% increase from the prior-year period of $81 million, while diluted earnings per share rose to $0.97 from $0.41. The company attributed the gains to a combination of higher oil and natural gas liquid prices coupled with consistent production growth from its Giddings field operations.
  Operatio
  
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• Installed Building Products (IBP) Grows Revenue While Margins Quietly Slip

  05-09-2026 23:04 via rocketnews.com
  
  Installed Building Products reported second-quarter results in August showing revenue growth alongside declining profitability. Net revenue reached a second-quarter record of $777.8 million, representing a 2.3% increase from $760.3 million in the prior-year period.
  Growth was driven primarily by operations outside the core insulation installation business. Other revenue, encompassing manufacturing and distribution operations, surged 50.4% to $67.1 million. Commercial work within the Installatio
  
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• EPAM Systems (EPAM) Turns To Cybersecurity As Core Growth Cools

  05-09-2026 23:04 via rocketnews.com
  
  EPAM Systems established a partnership with Wiz, a cloud and AI security platform owned by Google Cloud, on August 25, joining the Wiz Partner Alliance. The collaboration aims to help large enterprises convert cloud risk data into actionable engineering solutions. The partnership pairs Wiz’s AI Application Protection Platform with EPAM’s engineering capabilities and cloud modernization services across multiple cloud environments including Google Cloud, AWS, and Azure.
  White Hat, an
  
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• Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

  05-09-2026 13:05 via rocketnews.com
  
  Mortgage rates experienced a significant increase, with the average 30-year fixed-rate mortgage rising 6 basis points to 6.87% on Monday, marking the highest level in over a year according to Mortgage News Daily. The rate had climbed 12 basis points since Thursday and has gained more than 30 basis points over the preceding two months.
  The rate surge stems from renewed hostilities in the Iran conflict, which drove up oil prices and subsequently elevated bond yields. Market participants had antic
  
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• Why TJX Companies Stock Got Thrashed in August

  05-09-2026 13:04 via rocketnews.com
  
  TJX Companies experienced significant stock declines last month after releasing its fiscal 2027 second-quarter financial results. The discount retailer, which operates TJ Maxx, Marshalls, and HomeGoods, reported total net sales of just under $15.2 billion, representing 5% year-over-year growth. Comparable sales increased 4% across all divisions during the period.
  On the profitability front, the company demonstrated strong performance. Net income under generally accepted accounting principles cl
  
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• Teleflex (TFX): Guidance Cut Meets A Bigger Buyback Push

  05-09-2026 13:04 via rocketnews.com
  
  Teleflex Incorporated reported mixed results for the second quarter ended June 30, with revenue from continuing operations reaching $570.3 million, representing 28.9% growth compared to the prior year. However, GAAP diluted earnings per share declined to $0.96 from $1.54 year-over-year, reflecting the company’s ongoing transition following several major transactions.
  The company’s core operating units demonstrated solid performance. Vascular revenue increased 9.0% to $246.3 million,
  
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• Planet Labs Shares Jump After Q2 Results Beat Expectations

  05-09-2026 13:04 via rocketnews.com
  
  Planet Labs PBC reported fiscal second-quarter 2027 results that outpaced analyst expectations across multiple metrics. The company generated quarterly revenue of $116.1 million, representing 58% growth compared to the year-ago period and exceeding the consensus estimate of approximately $104.5 million. On the profitability front, Planet Labs delivered adjusted earnings per share of $0.02, compared with expectations for a loss of $0.02 per share.
  The quarter represented a significant milestone
  
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• OpenText (OTEX) Posts Record Profits While Core Revenue Stalls

  05-09-2026 13:04 via rocketnews.com
  
  OpenText Corporation disclosed its fourth quarter and full fiscal 2026 results on August 6, showing a significant divergence between profitability metrics and core revenue expansion. Quarterly net income surged to $156 million, representing a 439.9% increase year over year, while diluted earnings per share climbed to $0.64, up 481.8%. For the full fiscal year, net income rose 47.5% to $643 million with a 12.3% net margin, and GAAP-based gross margin expanded to 75.0% in the quarter compared to
  
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• Ooma (OOMA) Rides A Phone Line Extinction Into Faster Growth

  05-09-2026 13:04 via rocketnews.com
  
  Ooma Inc. reported second-quarter fiscal 2027 results on August 26 that showed substantial top-line expansion alongside margin improvements. Revenue reached $83.2 million, representing 25% year-over-year growth, while business subscription and services revenue climbed 38%. Adjusted EBITDA jumped 74% to $12.4 million, and non-GAAP net income rose 58% to $10.2 million. Operating cash flow hit a record $13.1 million, and the company reduced its debt balance to $47 million after a $6.5 million repa
  
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• A Record Renewables Quarter Powers The Andersons (ANDE) Higher

  04-09-2026 23:07 via rocketnews.com
  
  The Andersons Inc. released second-quarter earnings on August 3 that showed substantial year-over-year improvement. Net income attributable to the company reached $57 million, or $1.65 per diluted share, compared with $7.9 million, or $0.23 per share, in the same period of 2025. Adjusted net income totaled $74 million, or $2.15 per share, versus $8.4 million, or $0.24 per share, in the prior-year quarter.
  The renewable fuels segment drove the earnings expansion, posting record second-quarter pr
  
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• Helios Technologies (HLIO) Drives Its Electronics Growth Story Off-Road

  04-09-2026 23:06 via rocketnews.com
  
  Helios Technologies announced on September 1 that its Electronics segment had integrated Apple CarPlay and Android Auto capabilities into the No Roads platform, extending smartphone connectivity features to marine vessels, all-terrain vehicles, and specialty off-road equipment. The No Roads platform was developed collaboratively by Enovation Controls and i3 Product Development, combining ruggedized display hardware with software and connected-product design capabilities.
  The Electronics segment
  
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• Chemours (CC) Enters the AI Cooling Market with New Refrigerants

  04-09-2026 23:06 via rocketnews.com
  
  Chemours unveiled Opteon ZE and Opteon 515B on August 10, two refrigerants engineered for stationary chillers serving data centers, commercial buildings, and other facilities requiring high availability. The products address cooling challenges created by AI workloads, which generate substantial heat loads that strain conventional cooling infrastructure.
  Opteon ZE is an HFO-based refrigerant with a global warming potential of approximately 1 and zero ozone depletion potential. It targets air- an
  
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• ChargePoint CEO says 70% stock surge ‘is the beginning of the momentum’

  04-09-2026 23:06 via rocketnews.com
  
  ChargePoint Holdings experienced a substantial stock price increase on the market following the release of better-than-expected financial results for its second quarter of fiscal 2027. The electric vehicle charging company’s shares climbed more than 70%, marking the most significant gain since the company executed a reverse stock split in the previous year to maintain compliance with New York Stock Exchange listing requirements.
  The company reported revenue of $116.1 million and a loss pe
  
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• Central Garden & Pet (CENT) Raises Guidance Even As Sales Slide

  04-09-2026 23:06 via rocketnews.com
  
  Central Garden & Pet reported mixed results for the fiscal third quarter ended June 27, with net sales declining 8% to $882 million, yet the company elevated its full-year earnings guidance. The company’s departure from its pet distribution business earlier in the year, a lower-margin operation, contributed to improved profitability metrics across the board. Gross margin expanded 130 basis points to 35.9%, while non-GAAP operating margin increased 90 basis points to 15.4%. When adjust
  
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• Biohaven (BHVN) Cashes In On Its Biggest Epilepsy Bet

  04-09-2026 23:06 via rocketnews.com
  
  On August 26, Biohaven announced a global licensing agreement with SK Biopharmaceuticals covering opakalim, the company’s primary epilepsy candidate. The transaction included up to $795 million in upfront and milestone payments along with tiered royalties, with Biohaven receiving $350 million at closing and an additional $50 million scheduled for 2027, plus potential milestone and royalty payments reaching $150 million or more.
  The timing of the agreement aligned with Biohaven’s Aug
  
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• XAU/USD: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

  04-09-2026 15:00 via litefinance.org
  
  Major Takeaways Main scenario: Consider long positions from corrections above 4,282.50 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,282.50. Stop Loss: below 4,215.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,282.50 will allow the asset to continue declining to the levels of 4,003.25–3,720.00. A sell signal: the level of 4,282.50 is broken to the downside. Stop Loss: above 4,350.00, Take Profit: 4,003.2
  
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• WTI Crude Oil: Elliott Wave Analysis and Forecast for 04.09.26–11.09.26

  04-09-2026 14:30 via litefinance.org
  
  Major Takeaways Main scenario: Consider long positions from corrections above 79.00 with a target of 105.17–115.50. A buy signal: the price holds above 79.00. Stop Loss: below 77.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 79.00 will allow the asset to continue declining to the levels of 67.00–58.50. A sell signal: the level of 79.00 is broken to the downside. Stop Loss: above 80.50, Take Profit: 67.00–58.50.Main ScenarioConsider
  
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