Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Need More Chart Options? Right-click on the chart to open the Interactive Chart menu. Use your up/down arrows to move through the symbols. Source link
Author: user
Shares of energy drink company Celsius Holdings (NASDAQ: CELH) crashed on Wednesday after the company reported financial results for the third quarter of 2024. The results disappointed investors on both the top and bottom lines. As of 11:45 a.m. ET, Celsius stock was down 10% and had hit new 52-week lows. The headline numbers for Celsius were troubling. Q3 revenue was down 31% year over year to $266 million. And its net income dropped a staggering 92% to $6.4 million. There’s no way to put a positive spin on these numbers, but they do have a reasonable explanation. Start Your Mornings…
Lewis Hamilton experienced a unique and unforgettable moment ahead of the 2024 Sao Paulo Grand Prix when he had the chance to drive the legendary 1990 McLaren MP4/5B, the car of his racing idol Ayrton Senna. At Interlagos, Senna’s home circuit, Hamilton completed several laps in the V10-engined MP4/5B, despite the wet track conditions. During his run, he even pulled over to collect a Brazilian flag from a marshal—recreating a memorable moment from 1991, when an exhausted Senna raised the flag after his breakthrough win at Interlagos. After his laps, which he humorously admitted exceeded the number he’d been instructed…
Image source: Getty Images A value stock is a company where the share price has fallen below its long-term fair value. It’s not an exact science to find a value stock, as it can be subjective to say where a share price should be in coming years. However, I’ve spotted one company that just hit 52-week lows that I think could be a contender. Reasons for the fall The company I’m referring to is JD Wetherspoon (LSE:JDW). It hit lows below 600p yesterday (5 November), putting the stock down 12% over the past year. One of the short-term factors at…
Max Verstappen delivered a sensational performance at the Brazilian Grand Prix, securing his first victory after 11 races without a win. Despite a difficult weekend, including a challenging wet-qualifying session and a five-place grid penalty, Verstappen managed to climb from 17th to 1st, showcasing his incredible skill and determination. His drive was particularly impressive given the challenging conditions and his starting position, which initially seemed to jeopardize his chances for victory. Verstappen’s victory was aided by a timely red flag, which allowed him to gain crucial positions after a pit stop, and he later dominated the race, finishing 19.477 seconds…
MFA Financial (MFA) has reported a positive outlook in its third-quarter earnings call for 2024, with distributable earnings of $0.37 per share and an economic return of 3.3%. The Federal Reserve’s recent rate cut is expected to benefit the company’s fixed-income investments. Management changes were announced, with Bryan Wulfsohn taking over as President and Chief Investment Officer, and Lori Samuels as Chief Loan Operations Officer. MFA’s investment portfolio expanded, showing a net unrealized gain of $140 million, largely from its non-QM and single-family rental portfolios. The company also highlighted its strong performance in the securitization markets and anticipates growth in…
Valtteri Bottas appears set to lose his Sauber seat for the 2025 Formula 1 season, with Audi F1 reportedly preparing to announce the signing of McLaren junior driver Gabriel Bortoleto. This initial rumor was confirmed by the team on Tuesday morning. The Switzerland-based team announced in April that it had secured Nico Hulkenberg from Haas. However, Audi F1 had to go through other options for its second seat after top targets Carlos Sainz and Esteban Ocon decided to join Williams and Haas, respectively, for the 2025 season. The second seat has been linked to a range of drivers in recent…
In a significant boost to the retail sector, U.S. retail and food services sales for September 2024 climbed 0.4% month-over-month and 1.7% year-over-year, reaching $714.4 billion, largely fueled by a 7.1% rise among non-store retailers like Amazon.com, Inc. (AMZN). This growth signals robust consumer confidence as we approach the crucial holiday season, traditionally a peak period for retail. Among the retail titans poised to benefit, Amazon stands out. With its extensive e-commerce footprint and thriving cloud services through Amazon Web Services (AWS), the company is strategically positioned to capitalize on this spending surge. Amazon’s latest financials reflect a resilient and…
Martin Brundle believes that Lando Norris may eventually reconsider his view that Max Verstappen got somewhat “lucky” during the Brazilian Grand Prix, as Verstappen was “in a class of one” throughout the race on Sunday. Starting from 17th on the grid, Verstappen managed an unexpected victory in challenging wet conditions at Interlagos, while Norris, who began from pole position, fell to sixth place. Norris’s comment on Verstappen’s luck stemmed from the timing of a red flag stoppage, which he felt favored the Red Bull driver. In the race, Norris had already pitted for new intermediate tires as the rain intensified,…
U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY).Tom Williams | Michael A. McCoy | ReutersThe race to control the House is undecided, though Republicans are already expressing early optimism about securing a governing trifecta with their new Senate majority and freshly minted President-elect Donald Trump.”As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House,” Republican House Speaker Mike Johnson said Wednesday in a statement.That early confidence comes as Republicans need to…