The S&P 500 surpassed its closing high for the year on Thursday, as investors swam between optimism over the debt ceiling discussion and worries about hawkish Fed comments.
(Ticker: TTWO), the video game developer, rose 12% after posting adjusted earnings that fell short of estimates but sales that beat This signals that major game releases would lead to stronger growth in the coming years. “We have been working on the largest pipeline of titles in the company’s history,” said CEO Strauss Zelnick Barrons. “And we expect that to start meaningfully starting in fiscal 2024 with some great titles, but really accelerating in fiscal 2025 and 2026.”
(NFLX) Shares Soared 9.2% Analysts became more optimistic about the streaming company Promotional Plan Strategy.
said its ad-supported tier has nearly five million monthly active users six months after its launch.
(WMT) reports Results for the first quarter of the fiscal year and revenue that beat analyst estimates. The retailer also raised its earnings outlook for the fiscal year. The stock rose 1.3%.
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(BABA) beats estimates for quarterly profit and the Chinese tech giant announced it would spin off its esteemed cloud computing division. American Depositary Receipts from
were down 5.4%.
(CSCO) reports quarterly profit That beat analyst estimates, but the networking giant’s orders fell 23% in the fiscal third quarter. The stock rose 1.2%.
(BBWI) rose 11% thereafter First-quarter adjusted earnings beat analysts’ estimates and the specialty retailer raised its outlook for adjusted fiscal year earnings.
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(SNPS) rose 8.7% after the software company’s fiscal second quarter earnings and sales beat Wall Street forecasts.
(BOAT), a Barrons stock selection from March fell 11% after the footwear and apparel retailer reported lower-than-expected sales for the fiscal fourth quarter. Same-store sales also fell more than Wall Street had expected, falling 5.5%.
(MU) confirmed on Thursday a Agreement to begin development of advanced memory chips in Japan. Micron expects to invest up to 500 billion yen ($3.6 billion) in 1-Gamma process technology over the next few years, “with close support from the Japanese government.” The stock gained 4.1%.
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(SNOW) rose 5.9% after The Information reported, citing people with knowledge of the discussions, that the cloud-based data warehousing company was in advanced talks to acquire Neeva, a search startup, which was founded by former top Google ad tech executive Sridhar Ramaswamy.
Sign to Joe Woelfel joseph.woelfel@barrons.com