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Software startup Sprinklr targets $5 billion valuation in U.S. IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Reuters) - Software startup Sprinklr said on Monday it was looking to raise as much as $380 million through a U.S. initial public offering (IPO), targeting a valuation of about $5 billion. The company, whose customers include Microsoft Corp and McDonald’s Corp, said in a regulatory filing it planned to sell 19 million shares priced between $18 and $20 per share. The company’s revenue rose 19% to $111 million in the three months ended April 30, 2021. Its net loss, however, widened to $14.7 million from $11.2 million in the period. Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities are the lead underwriters for the offering.
Persons: Ragy, Morgan Stanley, J.P Organizations: Reuters, U.S, Microsoft Corp, McDonald’s, New York Stock Exchange, Citigroup, Barclays, Wells, Wells Fargo Securities, underwriters Locations: New Jersey, Morgan, Wells Fargo
Futures rise as focus turns to Fed's inflation stance
  + stars: | 2021-06-14 | by ( Medha Singh | ) www.reuters.com sentiment -0.97   time to read: +1 min
REUTERS/Carlo Allegri/File Photo(Reuters) - S&P 500 futures hit a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 3 points, or 0.07%, and Nasdaq 100 e-minis were up 34 points, or 0.24%. [O/R]United Airlines Holdings and American Airlines Group rose 0.7% each after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Dow e, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup Locations: Manhattan, New York City , New York, U.S, , Wyoming
(Reuters) -The S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. REUTERS/Carlo Allegri/File PhotoRecent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. [O/R]United Airlines Holdings and American Airlines Group gained 0.4% and 0.7% respectively after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri, , Thomas Hayes, , Steve Burns, Julio Rodriguez Organizations: Reuters, New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, , Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
REUTERS/Carlo Allegri/File PhotoThe S&P 500 and the Dow eased on Monday, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve's meeting this week on the central bank's outlook on inflation and the future of bond purchases. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. Healthcare (.SPXHC) and financials were the biggest drag on the S&P 500 on Monday, while technology (.SPLRCT) and consumer discretionary (.SPLRCD) provided the biggest boost. The S&P 500 posted 16 new 52-week highs and no new low, while the Nasdaq recorded 136 new highs and seven new lows.
Persons: Carlo Allegri, Dow, Thomas Hayes, financials, Steve Burns, Julio Rodriguez, Tesla, Elon Musk Organizations: New York Stock Exchange, REUTERS, Nasdaq, Tesla Inc, Apple Inc, Amazon.com Inc, Fed, Dow, Great, Great Hill Capital, Healthcare, Dow Jones, Lordstown Motors Corp, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
Here's a look at which decade the 2020s could resemble. Fast forward to the 2020s and the global economy is expected to grow 6% this year, a rate not seen since the 1970s. Bond investors need to be wary if inflation roars back, as do central banks which have not experienced inflationary pressures for decades. "Many people think we are in the 1930s but I think we will wake up somewhere in the 70s," said Amundi's Blanque. Agreement on a minimum global tax rate is evidence of a possible shift, although it is still early days.
Persons: Brendan McDermid, Pascal Blanque, Kiran Ganesh, Amundi's Blanque, Ronald Reagan, Margaret Thatcher, Erik Nielsen Organizations: Dow Jones, New York Stock Exchange, REUTERS, UBS Global Wealth Management, Oxfam, Thomson Locations: New York, U.S, America, Stocks, China, Japan, Italy, Asia
Goldman, Citi say Squarespace's hot start as a public company has room to run
  + stars: | 2021-06-14 | by ( Jesse Pound | ) www.cnbc.com sentiment -0.95   time to read: 1 min
The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing. Squarespace's impressive start as a public company is not done yet, according to several major investment firms. The website-builder company made its Wall Street debut in a direct listing last month, opening at $48 per share. Several major Wall Street firms initiated cover of the stock on Sunday and Monday, with some of the biggest names saying Squarespace has more room to run. One of the most bullish calls so far came from Goldman Sachs, which initiated with a buy rating and projected the company to grow its revenue by more than 20% next year.
Persons: Squarespace, Goldman Sachs Organizations: New York Stock Exchange, Inc
S&P 500 opens near record high as focus shifts to Fed meet
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File PhotoThe S&P 500 opened near an all-time high on Monday as focus shifted to the Federal Reserve's meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. The S&P 500 (.SPX) fell 0.9 points, or 0.02%, at the open to 4248.31​. The Dow Jones Industrial Average (.DJI) fell 7.1 points, or 0.02%, at the open to 34472.52, while the Nasdaq Composite (.IXIC) rose 14.0 points, or 0.10%, to 14083.467 at the opening bell. Our Standards: The Thomson Reuters Trust Principles.
Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Thomson Locations: Manhattan, New York City , New York, U.S, 14083.467
REUTERS/Carlo Allegri/File PhotoThe S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. At 08:24 a.m. EDT, Dow E-minis were down 8 points, or 0.02%, S&P 500 E-minis were up 3 points, or 0.07% and Nasdaq 100 E-minis were up 42.75 points, or 0.31%.
Persons: Carlo Allegri, Thomas Hayes, Steve Burns, Julio Rodriguez Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
High-Speed Trader Virtu Fires Back at Critics Amid Meme-Stock Frenzy
  + stars: | 2021-06-13 | by ( Alexander Osipovich | ) www.wsj.com sentiment -0.99   time to read: +1 min
High-speed trader Virtu Financial Inc. is pushing back against critics in Washington who say the stock market is rigged against small investors. The review will include a practice known as payment for order flow, in which brokerages send many of their customers’ orders to trading firms in exchange for cash payments. Payment for order flow has existed for decades and has come under scrutiny before. They say small investors benefit from the practice because it results in better prices than they would get at public exchanges like the New York Stock Exchange and the Nasdaq Stock Market . Collectively, that saves investors billions of dollars a year, industry data show.
Persons: Gary Gensler, brokerages, Gensler’s, Sean Casten Organizations: Virtu Financial, AMC Entertainment Holdings Inc, GameStop Corp, Securities and Exchange Commission, SEC, GameStop, Markets, New York Stock Exchange, Nasdaq Locations: Washington
U.S. stock futures are flat with the S&P 500 at a record high
  + stars: | 2021-06-13 | by ( Maggie Fitzgerald | ) www.cnbc.com + 0.00   time to read: +3 min
U.S. stock futures were steady in overnight trading on Sunday as investors digested the S&P 500's record level heading into a week with a key Federal Reserve meeting. S&P 500 futures rose 0.09% and Nasdaq 100 futures added 0.14%. U.S. stocks ended last week with a record closing high for the S&P 500 and the beginning of a rotation back into growth names. Last week, the 30-stock Dow Jones Industrial Average fell 0.8%, but the S&P 500 rose 0.4%, for its third straight positive week. "Because the S&P 500 Index reached yet another new record high last week, investors will be watching to see if this signals even higher levels near term," said Paulsen.
Persons: Jerome Powell, Jim Paulsen, Paulsen, Elon Musk, Bitcoin, CNBC's Patti Domm Organizations: New York Stock Exchange, Reserve, Dow, Nasdaq, telltale, Leuthold, CNBC, Dow Jones, Treasury, Metrics, AMC Entertainment, Clover Health Investments, GameStop, CNBC Pro
Pershing Square served as cosponsor of Justice Holdings, with Nicolas Berggruen and Martin Franklin. Pershing Square remains the second-largest investor in Restaurant Brands International. Pershing Square has had its best success when it has invested in high quality businesses with simple, predictable, cash flow and durable and growing business lines. One transferable five-year right per share of Pershing Square SPARC Holdings, Ltd. ("SPARC"), which is expected to trade on the New York Stock Exchange. Pershing Square Tontine Holdings is owned in the fund.
Persons: Nicolas Berggruen, Martin Franklin, Tim Hortons, PSTH, Bill Ackman, Ken Squire Organizations: Pershing, Justice Holdings, Martin Franklin . Justice Holdings, 3G Capital, Burger King Worldwide Holdings Inc, Restaurant, Restaurant Brands, Warner Brothers, Spotify, Charter Communications, Disney, Amsterdam, Securities and Exchange Commission, Pershing Square SPARC Holdings, Ltd, New York Stock Exchange, SPARC, Bloomberg, 13D, Tontine Locations: UMG, effectuate, PSTH
Investors “are going to be looking for signs that the Fed might believe that inflation is more permanent,” said Michael Arone, chief investment strategist for State Street Global Advisors. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: , Michael Arone, Carlo Allegri “, Chris Galipeau, Refinitiv, Morgan Stanley, Matthew Miskin Organizations: YORK, Federal, Treasury, State Street Global Advisors, New York Stock Exchange, REUTERS, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management Locations: U.S, , Wyoming, Manhattan, New York City , New York
The Fed has maintained that it has the tools to deal with accelerating inflation. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: , Michael Arone, Carlo Allegri “, Chris Galipeau, Refinitiv, Morgan Stanley, Matthew Miskin Organizations: YORK, Federal, Treasury, State Street Global Advisors, New York Stock Exchange, REUTERS, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management Locations: U.S, , Wyoming, Manhattan, New York City , New York
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. Stocks on Thursday brushed off data showing that consumer prices rose in May at their fastest annual pace in 13 years, as the S&P 500 hit a new record. Most investors believe the Fed will only start tapering its bond purchases in late 2021 or early next year. Bets in the eurodollar futures markets show investors believe the Fed will start hiking its benchmark rate in late 2022. S&P 500 earnings are now expected to jump 36% this year, compared to an April estimate of 26% growth, with earnings expected to rise another roughly 12% in 2022, according to Refinitiv IBES.
Persons: Carlo Allegri, Michael Arone, Chris Galipeau, , Refinitiv, Morgan Stanley, Matthew Miskin Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, State Street Global Advisors, Putnam Investments, BofA, Research, National Federation of Independent, American Association of, Investors, , Bulls, John Hancock Investment Management, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming
Global equity funds face biggest outflow in six weeks -Lipper
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Brendan McDermid/File Photo/File PhotoAccording to Refinitiv Lipper data, global equity funds faced net outflows of $12.8 billion, the biggest since the week ended April 28. Graphic: Global fund flows into equity sectors -Investors sold $575 million in consumer discretionary sector funds and $288 million in utilities sector funds. Tech sector funds faced their first outflow in three weeks, the data showed. Global money market funds also witnessed purchases worth a net $8.1 billion, recording inflows for the fifth straight week. An analysis of 23,721 emerging-market funds showed equity funds had outflows worth $207 million, while bond funds attracted $1.2 billion, marking a second straight week of inflows.
Persons: Brendan McDermid Organizations: Reuters, Global, Federal Reserve, New York Stock Exchange, REUTERS, Tech Locations: New York, U.S, Europe, Asia, South
Wall Street ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a small weekly loss. FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. Among the 11 major sectors in the S&P 500, rebounding financial stocks and tech led the gainers, while healthcare suffered the biggest percentage drop. The S&P 500 posted 33 new 52-week highs and one new low; the Nasdaq Composite recorded 108 new highs and 16 new lows.
Persons: Dow, ” Oliver Pursche, ” Pursche, Brendan McDermid Organizations: YORK, U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, New York Stock Exchange, REUTERS, Brendan McDermid Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment, NYSE Locations: New York, New York City, U.S
Futures tick higher as inflation fears fade
  + stars: | 2021-06-11 | by ( Ambar Warrick | ) www.reuters.com sentiment -0.99   time to read: +1 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. read moreMuch of the price surge in May came from items such as commodities and airfares, and it is expected to be temporary. S&P 500 E-minis were up 7.25 points, or 0.17 at 06:36 a.m. Dow E-minis were up 77 points, or 0.22%, while Nasdaq 100 E-minis were up 30.25 points, or 0.22%. Stocks favored by small-time investors were set to close higher for the week, even as a rally appeared to be running out of steam on Thursday.
Persons: Brendan McDermid, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Thomson Locations: New York City, U.S
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. With recent data also indicating weakness in the labor market, the Fed is widely expected to maintain accommodative policy, which is positive for stocks and other risk-driven assets. "The commentary will be that they're still focusing on the last two employment reports, which were much weaker than anticipated. "This meeting coming up plus the meeting in late July will probably result in no policy changes, or even contemplation of policy changes." U.S. S&P 500 E-minis were up 5.75 points, or 0.14%, at 08:02 a.m. EDT.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Research, Dow, Nasdaq, Royal Caribbean Group, Thomson Locations: New York City, U.S, New York, premarket
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidU.S. stock indexes rose slightly on Friday on gains in technology and growth-exposed sectors after inflation data calmed fears over imminent policy tightening by the Federal Reserve. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. Most of the so-called "meme" stocks rose on Friday.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Fed, Research, Dow Jones, Nasdaq, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
Wall Street flat with Fed meet in focus
  + stars: | 2021-06-11 | by ( Devik Jain Ambar Warrick | Devik Jain | Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Sectors such as financials and basic resources, that stand to benefit from an economic bounceback this year, also supported the index. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. The S&P industrials (.SPLRCI) sector was flat on Friday, and was set to lose for the week.
Persons: Brendan McDermid, Hogan, Peter Cardillo, Cardillo, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Reserve, National Securities, Fed, Spartan Capital Securities, Dow Jones, Nasdaq, U.S . Food, Biogen Inc, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
A logo of Signa is pictured on a building nearby the Karstadt sport department store, in Berlin, Germany July 30, 2020. Wiggle's owner, private equity firm Bridgepoint, will become an investor in Signa Sports United as part of the deal, the source added. Signa Sports United runs firms like bicycle online shops Fahrrad.de or Bikester, tennis platforms Tennis-Point or Tennis Express, outdoor gear retailers like Campz and team sport shops Outfitter and Stylefile. The company operates more than 80 Web shops in 17 countries, reaching over 7 million online customers a year. After the Yucaipa deal, which is being organised by Citi (C.N) and Jefferies (JEF.N), property investor Rene Benko's Signa Holding will own about 50% of Signa Sports United.
Persons: Fabrizio Bensch, Rene Benko, Signa, Yucaipa, Bridgepoint, Rene Benko's Signa Organizations: REUTERS, Signa Sports United, New York Stock Exchange, Signa Sports, Sports United, Aeon Co, Central Group, Tennis Express, Citi, Jefferies, Thomson Locations: Berlin, Germany, Austrian, Britain, Frankfurt
Stocks set record highs as bond yields slide
  + stars: | 2021-06-11 | by ( Herbert Lash | Tom Wilson | ) www.reuters.com + 0.00   time to read: +5 min
The pan-regional STOXX Europe 600 index rose 0.7% to a record close, posting its sixth straight session of gains and best weekly performance at 1.1% since early May. “There is a concern that eventually you could get some migration out of stocks into bonds,” Meckler added. U.S. growth-oriented stocks slightly outpaced value stocks as the two styles vied for leadership: big tech stocks added the most upside followed by financial shares. Benchmark German 10-year bonds fell 3 basis points to -0.28% and were set for their best week of the year. The dollar index rose 0.49%, with the euro down 0.51% to $1.2107.
Persons: Brendan McDermid, “ You’ve, , Michael James, Rick Meckler, Meckler, Jack Ablin, ” Ablin, , Jeremy Gatto Organizations: New York Stock Exchange, REUTERS, European Central Bank, Federal Reserve, Treasury, Wedbush Securities, Cherry Lane Investments, Dow Jones, Nasdaq, Cresset Capital Management, Japan, Brent Locations: St, New York City, U.S, Europe, Stocks, breakeven, Los Angeles, New Vernon , New Jersey, Asia, Pacific, COVID, Unigestion
The S&P 500 is at an historic high, but investors who earlier this year overweighted their portfolios into reopening stocks like Caterpillar and banks, and away from tech and other growth stocks, appear to be rethinking that strategy. "The value trade is unwinding, and the growth bulls are winning," Alec Young, chief investment officer at Tactical Alpha, told me. "Bond yields are a proxy on the growth outlook," he told me, noting that bond investors see moderating inflation and a slower rate of growth (though still positive) in the second half of the year. The result: Investors are staying in the market, but they are rotating into defensives (health care) and growth (technology). Formerly crowded trades like cyclicals and banks that are associated with the "value trade" are now retreating.
Persons: Martin, Banks, Alec Young Organizations: New York Stock Exchange, NYSE, Whirlpool, United Rentals, Deere, Caterpillar, Industries, Martin Marietta, Mohawk, DR Horton, Huntington Bancshares, of America, JPMorgan, Cisco, IBM, Tech, Spotify, Federal Reserve, Tactical Alpha
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018. CNBC's Jim Cramer said Friday he sees opportunities for investors to capitalize on pullbacks in a handful of growth stocks that have fallen out of favor this year. Speaking on "Squawk on the Street" shortly after Friday's opening bell, Cramer pointed to the following four firms: Zoom Video, Twilio, DocuSign and Snowflake. They are junior growth stocks," Cramer said. … They're good companies."
Persons: Jeff Lawson, CNBC's Jim Cramer, Cramer, They've Organizations: Twilio Inc, New York Stock Exchange Locations: New York, Snowflake
Check out the companies making headlines in midday trading. Dave & Buster's — Dave & Buster's shares fell about 2% midday after trading higher in premarket action. On Thursday, the company reported first-quarter earnings of 40 cents per share, surprising analysts who expected a loss of 16 cents per share. Reddit favorites — Stocks popular among retail investors flocking to Reddit's WallStreetBets forum were volatile in midday trading after massive rallies in recent weeks. Meanwhile, GameStop shares declined more than 2%, ContextLogic shares fell more than 5% and shares of Clean Energy Fuels slid nearly 2.5%.
Persons: Buster's, Dave, Biogen, Bernstein, , — CNBC's Pippa Stevens, Yun Li, Maggie Fitzgerald, Jesse Pound, Tom Franck Organizations: Chewy, New York Stock Exchange, Vertex Pharmaceuticals, Wall, Drug Administration, RBC, AMC Entertainment, Clover Health Investments, GameStop, Clean Energy Fuels Locations: Thursday's
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