Day: October 21, 2020

Corsair Gaming Inc Corsair Gaming Inc CRSR $ 22.97 $2.91 14.51% 263% IBD Stock Analysis Initial public offering held Sept. 23; stock was priced at 17 a share Stock closed at 22.97, above buy point of 22.60; hit 23.40 intraday Relative Strength rating at 93 out of 99; RS line near record highs Composite Rating […]

Consolidation in the prolific Permian Basin continues as Pioneer Natural Resources (PXD) reached a deal late Tuesday to buy Parsley Energy (PE). X The all-stock transaction is valued at about $4.5 billion. Parsley shareholders will receive 0.1252 shares of Pioneer stock for each share of Parsley. Including debt, the total value of the acquisition is […]

Walt Disney (DIS) is trading close to a buy point, after coming back more than 60% from its post-coronavirus crash lows in March. X It’s been a wild ride on Wall Street since February, as the stock market fell into a bear amid the coronavirus crash. Disney stock got slammed as the Dow Jones company […]

Snap (SNAP) reported third-quarter results late Tuesday that smashed revenue estimates and also beat on earnings. Snap stock soared to a record high. X The social media company reported an adjusted profit of 1-cent per share on revenue of $678 million. Wall Street expected an adjusted loss of 5 cents on revenue of $550.5 million. […]

Internet television network Netflix (NFLX) late Tuesday badly missed Wall Street’s expectations for new subscribers and earnings in the third quarter. The Netflix earnings report drove NFLX stock sharply lower in extended trading. X Los Gatos, Calif.-based Netflix added 2.2 million new subscribers worldwide in the September quarter. Netflix had forecast adding 2.5 million new […]

Chipmaker Texas Instruments (TXN) late Tuesday handily beat Wall Street’s targets for the third quarter and guided higher for the fourth quarter. The Texas Instruments earnings news sent TXN stock higher in extended trading. X The Dallas-based company earned $1.45 a share on sales of $3.82 billion in the September quarter. Analysts expected Texas Instruments […]

Not all up days in the stock market should be treated equally. And Tuesday’s session perhaps could go into the folder named “less than ideal.” X The Nasdaq composite, S&P 500 and Dow Jones Industrial Average finished higher in the range of 0.4% to 0.5%. But the major equity indexes squandered tastier gains of the… […]

Keeping your watchlist up to date is key to making money in the stock market. IBD helps you do that by regularly updating stock screens like the IBD 50, Sector Leaders, IBD Big Cap 20 and IPO Leaders. In the tables below, you can see which stocks have just been added to or removed from […]

Dow Jones futures were higher, along with S&P 500 and Nasdaq 100 futures, late Tuesday, as the stock market rally hits the coronavirus stimulus deadline. Tech giants Apple, Nvidia, PayPal, Shopify and Tesla are approaching new buy points. Netflix dived 7% on weak earnings results, while Snap rocketed 24% on earnings after the close. X […]

The price rise comes as investors bet strong Chinese buying and improving industrial demand will see the metal catch up with its base-metal peers.

A glitch at bourses owned by Euronext left traders with unintended exposures and unsure whether a portion of the trades they placed Monday had gone through.

The board of the Federal Deposit Insurance Corp. voted 3-1 to adopt a final rule to set a so-called net stable funding ratio, obliging large banks to hold enough funding to meet their needs for up to a year.

Moody’s Investors Service downgraded the credit ratings of three U.K. banks following a cut to the nation’s sovereign debt rating last week.

Albertsons had a tough time catching investors’ attention this year. Their ears finally seem to be perking up.

Previews are often not an accurate reflection of a show’s quality. But Netflix nailed it three months ago in projecting its third-quarter results.