Robinhood (HOOD) stock is advancing for a second straight day, climbing 9.5% today. HOODβs platform allows investors to buy and sell many types of assets. Bernstein Identified HOOD as a βBest Ideaβ Wealth management firm Bernstein yesterday picked Robinhood as its βbest ideaβ in the digital assets category. According to the firm, HOODβs crypto business [β¦]
U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds.
Currys said it expected profit for fiscal 2025 to beat market expectations and that it would restart paying dividends following a robust Christmas period.
The stock market was having a generally strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) up by 1.7% and 2.3%, respectively, as of 10:30 a.m. ET. Lending technology platform Upstart (NASDAQ: UPST) was higher by 12%, innovative brokerage app provider Robinhood (NASDAQ: HOOD) gained nearly 10%, and real estate technology platform Opendoor (NASDAQ: OPEN) was up by as much as 13% for the day. On Wednesday, we got the latest official look at Consumer Price Index (CPI) inflation data.
The revival of the IB business on the back of clarity on the macroeconomic backdrop and solid trading performance will aid the Zacks Investment Bank industry players like Morgan Stanley MS), Goldman (GS), Robinhood (HOOD) and Raymond James (RJF).
Ubiquiti (UI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.