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May 3, 2021

Volatile Shares / Hot Stocks

Indian shares rise as metals gain; Infosys slides

Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. REUTERS/Shailesh Andrade/Files BENGALURU (Reuters) – Indian shares rose on Thursday, as investors looked past rising coronavirus cases and a lockdown in Mumbai, and metals stocks added to strong gains this year, while Infosys......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Toshiba shares surge on imminent CEO resignation, bidding war expectations

Reuters
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign. FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo,......

Archegos-linked stocks slide as markets eye more unwinding

Reuters
By Sinéad Carew, Matt Scuffham FILE PHOTO: 888 7th Ave, a building that reportedly houses Archegos Capital, is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., March 29, 2021. REUTERS/Carlo Allegri/File Photo (Reuters) – Archegos Capital Management’s ill-fated bets weighed......

GameStop hires Amazon executive as chief growth officer in e-commerce shift

Reuters
FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo/File Photo/File Photo (Reuters) – GameStop Corp said on Tuesday it named Amazon.com Inc executive Elliott Wilke as chief growth officer, the latest top level appointment after......

Bilibili shares set to fall 2.2% in Hong Kong trading debut

Reuters
HONG KONG (Reuters) – Chinese online video site Bilibili Inc’s shares are set to fall 2.2% to HK$790 from the company’s secondary listing price when the company starts trading in Hong Kong on Monday. The firm raised HK$20.2 billion ($2.6 billion) after pricing shares at HK$808 each last week. Reporting......

Jefferies dramatically increases GameStop price target

Reuters
(Reuters) – Two months after a stock-buying frenzy sent shares of GameStop surging, analysts at Jefferies have raised their price target on the company nearly twelve-fold, making them a standout among those that cover the video game retailer. FILE PHOTO: A man walks in front of a GameStop store in......

Lumentum raises Coherent buyout offer to $7 billion

Reuters
Optical fiber cable is pictured on a reel in a storage area in Perugia, Italy, June 26, 2017. Picture taken June 23, 2017. REUTERS/Alessandro Bianchi (Reuters) – Optical fiber firm Lumentum Holdings Inc said on Tuesday it has raised its buyout offer for Coherent Inc to about $7 billion, the......

Nike set to overcome short-term shipping woes, most analysts say

Reuters
(Reuters) – The supply chain hiccups that dented Nike Inc’s third quarter sales are mostly behind them, analysts said on Friday, after executives said the sporting goods giant had adjusted inventories and other areas to avoid a recurrence. FILE PHOTO: The Nike swoosh logo is seen outside the store on......

ITV shares fall after presenter Morgan leaves broadcaster

Reuters
Journalist and television presenter Piers Morgan looks on as he takes his daughter Elise to school, after he left his high-profile breakfast slot with the broadcaster ITV, following his long-running criticism of Prince Harry’s wife Meghan, in London, Britain, March 10, 2021. REUTERS/Toby Melville LONDON (Reuters) – Shares in British......

Upbeat brokers lift Volkswagen’s market value above 100 billion euros

Reuters
FILE PHOTO: An employee fixes a VW sign at a production line of the electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – Shares in Volkswagen, the world’s second-largest carmaker, rose to their highest in more than three years on Wednesday, boosted by......

Energy, mining stocks drag down FTSE 100

Reuters
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 0.1%, FTSE 250 adds 0.2% March 2 (Reuters) – London’s FTSE 100 inched lower on Tuesday, dragged by energy and mining stocks as oil and......

GameStop soars in volatile trading session

Reuters
FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – Shares in video game retailer GameStop were up 21.2% as volume spiked late in Monday’s session putting pressure on short sellers to cover their bets as investors discussed the......

Tesla shares set to skid into the red for the year

Reuters
LONDON (Reuters) – Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion. By 1029 GMT, Tesla was down over 8% in......

Global dividend payouts forecast to revive in 2021

Reuters
LONDON (Reuters) – Global dividend payments could rebound by as much as 5% this year, a new report estimated on Monday, after the coronavirus caused the biggest slump in payouts since the financial crisis more than a decade ago. FILE PHOTO: Canary Wharf stands in London, Britain December 27, 2020.......

Palantir reports 40% rise in fourth-quarter revenue

Reuters
Feb 16 (Reuters) – U.S. data analytics firm Palantir Technologies Inc reported a 40% rise in sales in its second quarterly results since going public in September last year. Its revenue rose to $322.1 million in the fourth quarter ended Dec. 31 from a year earlier, the company said on......

Southwest sees slower cash burn as bookings improve in February

Reuters
FILE PHOTO: A Southwest Boeing 737-700 plane arrives at William P. Hobby Airport in Houston, Texas, February 20, 2019. REUTERS/Mike Blake (Reuters) – Southwest Airlines said on Tuesday it expects cash burn in the first quarter to slow as bookings improve in February. The airline now expects its average core......

Bollore to keep strong grip on Universal after $36 billion listing

Reuters
By Mathieu Rosemain, Sudip Kar-Gupta PARIS (Reuters) – French tycoon Vincent Bollore will retain strong influence over Universal Music Group as a major shareholder following its planned 30-billion-euro ($36 billion) spin-off on the stock market by media conglomerate Vivendi . FILE PHOTO: Vincent Bollore, Chairman of the Supervisory Board of......

Yellen: Too soon to say if new regulations needed to address recent volatility

Reuters
FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon......

Laix shares soar, other small Chinese educational stocks gain

Reuters
NEW YORK (Reuters) – Shares of artificial intelligence company Laix Inc soared as much as 355% on Friday while those of several other small Chinese educational companies with relatively few shares available to be traded also jumped. Some of the stocks were being touted on social media websites Reddit and......

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