Analysts expect STX to report revenue of $2.8 billion, a rise of 16.5% YoY (year-over-year) compared to $2.41 billion in the fiscal fourth quarter of 2017. Its non-GAAP EPS are expected to be $1.45, a rise of 123% YoY compared to $0.65 in the fiscal fourth quarter of 2017.
There has been some noteworthy movements in the fantasy baseball reliever landscape. Dalton Del Don breaks down the most important.
The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's market momentum. One of the leaders in the S&P is chip-making powerhouse Nvidia (NVDA) which is down 15% over the past month. Is the rally for Big Tech players over or just on a pause? F/m Investments President and Chief Investment Officer Alex Morris joins Market Domination to discuss the chip sector and Nvidia's recent dip in share price. Morris weighs in on the current market landscape and how Nvidia has performed recently: "It's surprising to see it today. There's no great catalyst for it. Nvidia didn't come out and say 'we're out of the game, AI is over.' But we have to remember Nvidia, Microsoft (MSFT), Big Tech names, they're momentum names and momentum names occasionally need to take a breather... The geopolitical events aren't the catalyst but they are a good opportunity for folks to reevaluate where their money is and sometimes you take your profits." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Nvidia stock plunged Friday falling sharply below its 50-day average as the broader market retreated in a major sell-off.
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms.
Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday. Multiple reports from the IMF and the World Bank this week sounded the alarm about economic developments and prospects in low-income developing countries, which are still grappling with the aftermath of the COVID-19 pandemic and other shocks. The IMF lowered its 2024 growth forecast for low-income countries as a group to 4.7% from an estimate of 4.9% in January.
From Israel and Iran to the man who set himself on fire outside the Trump trial, Press Secretary Karine Jean-Pierre had little to say
The NYPD identified the man as Maxwell Azzarello, 37, who is now in critical condition in Cornell burns unit. He has a long history of posting conspiracy theories and railing against the rich and powerful
The man was later identified by the New York Police Department as 37-year-old Max Azzarello from St Augustine Florida
SEATTLE, April 19, 2024--Milliman has just released the latest results of its Public Pension Funding Index.
An accident with a shiploader at the sugar terminal in the Recife port in Northeastern Brazil suspended loading operations at the site, according to a note from shipping company Williams Brazil late on Thursday. The company said the shiploader collapsed and a part of the machine fell inside the cargo hold of a vessel that was docked at the port to load raw sugar. The press service at the Recife port confirmed the accident, adding that nobody was hurt.
BEDFORD, Mass., April 19, 2024--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glastra, Chair & Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at the William Blair 44th Annual Growth Stock Conference on Tuesday, June 4, 2024, in Chicago, IL.
A Relative Strength Rating upgrade for Mueller Water Products shows improving technical performance.
AI chip stock Arm Holdings surged more than 152% past a recent buy point. Following that advance, is Arm stock a buy in today's stock market?
Shares of Bank of America (BAC) have received an upgrade from analysts at Wolfe Research. The firm has lifted the stock's rating to Outperform from Peer Perform, citing increased clarity surrounding the bank's net interest income prospects and an attractive valuation compared to competitors. Yahoo Finance's Julie Hyman and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
"We look forward to learning more on what happened in the lead up to, and in the weeks following, the attack," said Cathy Rodgers, energy and commerce committee chair, and Morgan Griffith, chair of the subcommittee on oversight and investigations. "This hearing will help inform the committee as we continue working toward solutions that protect the health and well-being of all Americans."
Fight remains on, but Garcia can no longer win Haney’s WBC light-welterweight title and will also pay rival $1.5m
WORLD SNOOKER CHAMPIONSHIP 2024: The tournament is not guaranteed to remain at the Crucible Theatre, writes Luke Baker, as the game ponders its future
Is Badger Meter Stock A Buy? Badger Meter stock cleared a first-stage cup with handle Thursday on positive Q1' 2024 earnings. Badger Meter stock holds the No. 1 rank among its peers in the Machinery-General Industrial industry group.
Ulta Beauty (ULTA) stock is taking a dip as Jefferies analysts downgrade the cosmetics brand's stock to Hold from a Buy rating and cut its price target to $438 per share from $585. Market Domination Anchors Madison Mills and Julie Hyman review the analyst commentary around Ulta. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
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