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☆ Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster's and more
▼ + stars: | 2024-06-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Signet Jewelers – Shares plummeted more than 13% on the heels of the company reporting mixed earnings results for the first quarter. Analysts polled by FactSet had expected earnings of 85 cents per share and revenue of $1.52 billion. The company reported revenue of $588 million, which is below the $621 million analysts had expected, per LSEG. Analysts had expected earnings of $2.68 per share and revenue of $404.8 million, according to FactSet.

Persons: LSEG, Signet, FactSet, Buster's, Tommy Bahama, Clark, Elon Musk, Oppenheimer, Ulta, Generac, Janney Montgomery Scott, Sean Milligan, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Broadcom –, Computer, Arista Networks, Nvidia, Signet, Company, Galactic, Oxford Industries, Bank of America, Ford, Barclays, Paramount, Amusements, Paramount Global, Warner Bros, –, Liberty Global Locations: Texas

☆ High interest rates could pressure companies to cut dividends. These names may be at risk, Wolfe Research says
▼ + stars: | 2024-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Dividend-paying companies might feel compelled to cut their dividends if they're grappling with a lot of debt, as higher rates raise the cost of leverage for companies. He added dividend cuts can also serve as a "clearing event" for a stock, ironically spurring a period of outperformance. See below for a few of the potential contenders for dividend cuts. The stock is down more than 15% in 2024, and it offers a dividend yield of nearly 5%. Shares are up about 17% in 2024, and the stock has a dividend yield of 3.5%.

Persons: Jerome Powell, Chris Senyek, Wolfe, Matthew Boss, Vail, Goldman Sachs, Christine Cho, Nordstrom Organizations: Wolfe Research, Federal, Vail Resorts, JPMorgan, Vail, Nordstrom, Whirlpool, Owl Locations: Wednesday's

☆ Nvidia’s wild ride in 2024 is boosting insiders’ wealth. What it could mean for employees holding the stock
▼ + stars: | 2024-06-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The stock's rise has been a boon to employees and insiders at the chip company who own shares. So-called RSUs provide workers with shares at a future date following a vesting period of typically three to five years. Employers can also offer incentive stock options, which allow employees to buy a specified number of shares at a stated – or strike – price. Workers who exercise their ISOs are also subject to capital gains taxes when they sell the stock they've purchased. Nonqualified stock options are another form of equity compensation.

Persons: Tench Coxe, Blair duQuesnay, they're, Albert J, Campo, – Organizations: Nvidia, Securities and Exchange Commission, Ritholtz Wealth Management, CNBC's, Employees, Workers, CPA, Campo Financial Locations: New Orleans, Freehold , New Jersey

☆ The utilities sector is up 10% in 2024. These four names still have room to run, Morningstar says
▼ + stars: | 2024-06-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

"We think the market was ignoring and underappreciating what utilities can accomplish," Travis Miller, energy and utilities strategist for Morningstar, told CNBC. Eric Holcomb announced that Microsoft will be constructing a $1 billion data center in La Porte, Indiana. Another name that is due to see a boost from AI data center growth is WEC Energy. The tech giant already has a data center that is under construction in the area, which is expected to open in 2026. "Microsoft's first data center represents 1,000 [megawatts] of electricity load, or over 10% of WEC's current load in the state," wrote Morningstar analyst Andrew Bischof in May.

Persons: Travis Miller, Morningstar, Entergy, Eric Holcomb, Miller, NiSource, Andrew Bischof Organizations: Morningstar . Utilities, CNBC, WEC Energy, Duke Energy, Indiana Gov, Microsoft, NiSource, WEC Locations: Morningstar, Thursday's, La Porte , Indiana, NiSource, Virginia, Mount Pleasant , Wisconsin

Generating income with dividend stocks Dividend stocks have long been a staple of income investors' portfolios. Municipal bonds offer income that's free of federal tax, however. These names trade on exchanges like stocks, and they can offer dividend yields upward of 6%. Options strategies to create income Derivative income funds , such as the JPMorgan Equity Premium Income ETF (JEPI), gathered some $22 billion in 2023, according to Morningstar. Further, consider comparison shopping, as all "derivative income" funds have their own quirks and differences in strategies could affect their risk/return profile.

Persons: Janus Henderson, Walt Disney's, Amber Milam, Jefferies, It's, Savita Subramanian, Subramanian, Russell, Louis, Morningstar, Mike Mulach, Rick Rieder, he'd, Kathleen McNamara, there's, –, Bill Gross, JEPI, Cash, Ashton Lawrence Organizations: Federal Reserve, Meta, Mobile, Bank of America, IBM, . Investment, Fitch, Credit, nab, ICE, Federal Reserve Bank of St, Louis Fed, UBS, UBS Wealth Management, York Life Investments, –, JPMorgan, Mariner Wealth Advisors Locations: U.S, Greenville , South Carolina

☆ With Big Tech’s runaway 2024, it just might be time to part with a few winners. Here's why
▼ + stars: | 2024-06-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Those highly appreciated positions can change the risk profile of your portfolio, particularly if it's been a long time since you last rebalanced. Managing the tax hit Trimming heavily appreciated positions in a portfolio that's held in a taxable account may come with a capital gains hit. One potential way to mitigate the tax is to use realized losses to offset those capital gains. In a year when losses exceed capital gains, investors can apply up to $3,000 of those losses to offset ordinary income and then carry over the remainder. Normally, these holdings would be the ones subject to the heftiest capital gains taxes if they were sold.

Persons: Blair duQuesnay, it's, Morningstar, Amy Arnott, Arnott, Roger Aliaga, Diaz, We've, Aliaga, Russell Organizations: Nvidia, Ritholtz Wealth Management, CNBC's, Vanguard, Investors, Federal Reserve, Bond Market, SEC, Aggregate Bond, U.S, Taxpayers Locations: New Orleans

☆ Stocks making the biggest moves after hours: CrowdStrike, Hewlett Packard Enterprise and more
▼ + stars: | 2024-06-04 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Hewlett Packard Enterprise — The technology stock rallied about 11% on the back of a stronger-than-predicted financial report for the fiscal second quarter. Hewlett Packard Enterprise reported adjusted earnings of 42 cents per share on revenue of $7.2 billion. Analysts surveyed by LSEG had penciled in just 39 cents in earnings per share and $6.82 billion in revenue. Verint Systems saw 59 cents in adjusted earnings per share and $221.3 million in revenue for the first quarter. Analysts forecast earnings of 54 cents per share and $214.5 million of revenue, per LSEG.

Persons: CrowdStrike, LSEG, Guidewire, Darla Mercado Organizations: LSEG, Hewlett Packard Enterprise, Systems, Verint Systems, FactSet

☆ Power demand is expected to surge. Play it for the long term with these dividend-paying stocks, Wells Fargo says
▼ + stars: | 2024-06-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

A sector of the stock market beloved by income investors could ride the wave of rising energy consumption over the long run, according to Wells Fargo. After 15 years of relatively flat power demand, Wells Fargo sees a compound annual growth rate of 2.6% through 2030 and 80% growth by 2050. The development bodes well for a group of utilities – and Wells Fargo called out some of its overweight-rated plays on the power trend for the long run. Wells called out the 10-year site plan NextEra subsidiary Florida Power & Light submitted to the state's public service commission. The stock's price "[reflects] a level of optimism," Wells Fargo analysts said, but "we think there is a case for further outperformance."

Persons: Neil Kalton, Wells Fargo, Wells, Duke, NextEra, it's Organizations: Duke Energy, Carolinas, Florida Power, Constellation Energy, Constellation, Microsoft, NRG Energy Locations: Wells Fargo, U.S, South Carolina, North Carolina, Virginia, Wells

☆ UBS expects a comeback for the 60/40 portfolio — and warns investors to limit cash
▼ + stars: | 2024-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The 60/40 portfolio isn't dead — in fact, it tends to outperform over the long term, according to UBS. The strategy revolves around a simple balanced portfolio, allocating 60% to stocks and 40% to fixed income. That theory was tested when both equities and fixed income slumped in 2022. Crafting a balanced portfolio Falconio expects the new 60/40 construction to look a little different with the rise in popularity of alternative assets. When it comes to traditional fixed income assets, UBS suggests holding strategic, diversified exposure throughout fixed income.

Persons: Cash, Mark Haefele, Leslie Falconio, Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Darla Mercado Organizations: UBS, Investment Company Institute, Federal Reserve, U.S . Locations: UBS Americas, —

☆ These dividend payers helped lift the Dow to fresh heights. How you would have fared if you bought and held them
▼ + stars: | 2024-05-30 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

However, investors can boost their performance when accounting for reinvesting dividends. The stock has a dividend yield of 4.2%, which is just a snapshot of how much it pays currently. The stock has a dividend yield of 3.1%. If you're a long-term investor, you're dollar-cost averaging," she said. Names on her radar these days include Amgen , which is yielding about 3%, and Southern Copper , which has a dividend yield of 3.2%.

Persons: Goldman Sachs, Dow, it's, Kim Abmeyer, Abmeyer, — CNBC's Chris Hayes Organizations: Dow Jones, UnitedHealth, Microsoft, Abmeyer Wealth Management, Dow, CNBC Pro, Chevron, Pfizer Locations: Wednesday's, Dallas, Chevron

☆ Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more
▼ + stars: | 2024-05-29 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Okta's second-quarter revenue guidance range of $631 million to $633 million also beat the consensus estimate for $616 million, according to LSEG data. Capri reported adjusted earnings of 42 cents a share, while analysts had estimated 65 cents, according to LSEG. American Eagle Outfitters reported $1.14 billion in revenue, lower than the average analyst estimate of $1.15 billion, according to LSEG data. Earnings beat estimates, but full-year revenue guidance was in a range of 2% to 4%, compared to forecasts for 3.4%. Revenue guidance was also pulled back to between $6.42 billion and $6.50 billion, compared to prior guidance in a range of $6.71 billion to $6.81 billion.

Persons: Rob Enslin, Daniel Dines, LSEG, Okta's, Versace, Jimmy Choo, Agilent, —, Darla Mercado Organizations: HP Inc, HP, Capri, Management, American Eagle Outfitters, Technologies Locations: New York City, LSEG, Asia, FactSet

☆ These robust companies may be primed to start offering a dividend, Wolfe says
▼ + stars: | 2024-05-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Shares are up 13% in 2025, and the company has an estimated 2024 free cash flow to firm yield of 3%, according to Wolfe's analysis. Analysts also generally like the stock, with 11 out of the 14 analysts covering the name rating it a buy or strong buy, according to LSEG. Wolfe also called out O'Reilly Automotive as a potential dividend initiator, highlighting the company's estimated free cash flow to firm of 3% in 2024. Shares are up a mere 1.5% in 2024, but the name remains liked by the Street, rated a buy or strong buy by 64% of the analysts covering it, per LSEG. Estimated free cash flow to firm yield comes in at 7% for 2024, per Wolfe's analysis.

Persons: Wolfe, Alphabet's, Charlie Gaffney, Eaton Vance, we're, there's, Chris Senyek, Skechers, O'Reilly, TD Cowen, Max Rakhlenko, Morgan Stanley Organizations: Wolfe Research, Morgan Stanley Investment Management, CNBC, Equity Income Fund, UBS, O'Reilly Automotive, PayPal, Mattel

☆ Stocks making the biggest moves after hours: American Airlines, Robinhood, Box and more
▼ + stars: | 2024-05-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Robinhood management expects to execute the program over a two- to three-year period starting in the third quarter of 2024, a press release said. Cava reported earnings of 12 cents per share on revenue of $259 million, while analysts polled by LSEG anticipated earnings of 4 cents per share on $246 million in revenue. Box — The cloud storage company added 1.2% on the back of better-than-expected earnings and revenue. Box reported adjusted earnings of 39 cents per share, while analysts polled by LSEG expected earnings of 36 cents per share. United reaffirmed its second-quarter earnings outlook range of $3.75 and $4.25 per share, according to a regulatory filing .

Persons: Cava, LSEG, —, Darla Mercado Organizations: Revenue, American Airlines, United Airlines — Locations: Cava

☆ Stocks making the biggest moves after hours: Ross Stores, Intuit, Workday and more
▼ + stars: | 2024-05-23 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Ross Stores reported first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts polled by LSEG anticipated earnings of $1.35 per share and revenue of $4.83 billion. Workday — The enterprise management company pulled back 10% after the company's subscription revenue guidance missed Wall Street estimates. Workday expects second-quarter subscription revenue guidance of $1.895 billion, while consensus forecasts called for $1.9 billion, per StreetAccount. Intuit called for fiscal fourth-quarter adjusted earnings of $1.80 to $1.85 per share, while analysts polled by FactSet predicted $1.92 per share.

Persons: LSEG, TurboTax, FactSet, Darla Mercado, Scott Schnipper Organizations: Ross, Ross Stores, Intuit –, Intuit, Wall

☆ This unexpected corner of the market offers quality dividend payers, Bank of America says
▼ + stars: | 2024-05-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.

Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps

☆ Stocks making the biggest moves after hours: Nvidia, Snowflake, VF Corp. and more
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street's fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Fiscal first-quarter revenue surpassed the Street's expectations, coming in at $829 million, versus consensus estimates for $786 million, per LSEG. — The apparel and footwear company sank 9% after posting an unexpected loss for the recent quarter and revenue that fell short of Wall Street's estimates. VF Corp. posted a loss of 32 cents per share on $2.37 billion in revenue.

Persons: LSEG, FactSet, Synopsys, LiveRamp, Dow Jones, Goldman Sachs, Morgan Stanley, Ed Breen, Lori Koch, Breen, —, Darla Mercado, Sarah Min, Scott Schnipper, Christina Cheddar, Berk Organizations: Nvidia, Super Micro, Devices, Corp, VF Corp, LiveRamp Holdings, News Corp, JPMorgan, DuPont de Nemours, DuPont

☆ Stocks making the biggest moves after hours: Urban Outfitters, Viasat, Toll Brothers and more
▼ + stars: | 2024-05-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell : Urban Outfitters — The clothing retailer added nearly 8% after beating estimates on its first-quarter results. Viasat — Shares of the communications company slid nearly 13% after Viasat posted a loss of 80 cents per share in the fiscal fourth quarter. The result was worse than the loss of 63 cents per share analysts had predicted, according to LSEG. Toll Brothers posted fiscal second-quarter earnings of $4.55 per share on revenue of $2.65 billion. Modine's fiscal fourth-quarter revenue of $603.5 million came in below the $605.4 million expected by analysts, according to FactSet.

Persons: LSEG, —, Darla Mercado Organizations: Urban Outfitters, Viasat —, Viasat, Toll, XP, Modine Manufacturing

☆ There’s more than one way to access this asset offering tax-free income. How to make the right choice
▼ + stars: | 2024-05-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Muni bonds are beloved by wealthy investors because they offer income that's free of federal taxes. Muni bond ETFs and mutual funds, meanwhile, don't have a definite maturity date and their price can fluctuate while the investor is holding them. Liquidity needs are also a major factor, with individual bonds potentially being hard to sell if an investor has a cash need. Since these funds offer a fixed number of shares, they trade at a discount or premium to their net asset value. Some of these funds hold municipal bonds and are trading at sharp discounts to their net asset value, potentially making them an attractive purchase.

Persons: Kathleen McNamara, there's, muni, he'll, Beth Foos, James Ritzema, Baird, Jon Browne Organizations: Federal Reserve, UBS, tradeoffs Investors, SEC, Investors, Morningstar, RiverNorth Locations: Americas, –

☆ Warren Buffett thinks taxes are on the way up. Why selling stocks in advance may not be a good call
▼ + stars: | 2024-05-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That's because the amount of money that's converted is subject to ordinary income tax – which can be as high as 37%. Even for those who are taxed at a lower rate, a sufficiently large conversion might bump them into a higher tax bracket. Long-term capital gains taxes have three tiers, depending on an investor's income: 0%, 15% and 20%. In a higher tax environment, "tax loss harvesting will become more important, and doing it in a performance-neutral way," said Jerrod Pearce, a certified financial planner and partner at Creative Planning in Overland Park, Kansas. Don't sell highly appreciated assets to generate cash if you're donating to charity.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Trump, Tim Steffen, Baird, Roth, Steffen, that's, Jerrod Pearce Organizations: Creative Planning, Mutual Locations: Berkshire, Washington, Overland Park , Kansas

☆ AI hype is lifting these dividend payers. These names may actually benefit, Wells Fargo says
▼ + stars: | 2024-05-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The growth of AI data centers could drive as much as 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. That's where natural gas enters the picture, as tech companies look for power that can back up their use of renewable energy sources. "And that doesn't include the anticipated substantial increase in gas demand from power associated with AI and data centers," she added. Williams is rated a hold by about 56% of the analysts covering the stock, per LSEG, including Wells Fargo. TC Energy is another name that Wells Fargo highlighted as a beneficiary from the data center trend.

Persons: Kinder Morgan, Kimberly Dang, Michael Blum, Williams Cos, Blum, Williams, Wells, Stanley Chapman, Chapman Organizations: Wells, TC Energy, Canadian Locations: Wells Fargo, U.S, That's, Mexico, Wells, Virginia

☆ Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Array's first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Victoria's Secret — Shares rose almost 6% after the intimate apparel maker reported better-than-expected preliminary first-quarter results and reaffirmed its guidance. Mettler-Toledo posted first-quarter adjusted earnings of $8.89 per share on revenue of $925.9 million.

Persons: Sanofi, Sweetgreen, LSEG, Array's, FactSet, Natera, Insulet, JFrog, Yun Li, Michelle Fox, Brian Evans, Hakyung Kim, Darla Mercado Organizations: French, Taiwan Semiconductor Manufacturing, Unity Software, LSEG, Technologies, Akamai Technologies, Revenue, —, Norton, Citi, Toledo —, Mettler Locations: Toledo

☆ Money market funds yielding more than 5% won’t last. Where to deploy idle cash instead
▼ + stars: | 2024-05-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Money market funds' siren song has become a little louder: With the timing of Federal Reserve rate cuts shaky, yields on cash are still hot – for now. Here's how to decide where and when to redeploy some of your idle cash into fixed income. Taxes are also a key consideration as you build out your fixed income sleeve. Interest income from Treasurys, meanwhile, is subject to federal income tax but exempt from state and local taxes. A gradual entry toward fixed income You don't have to build out your fixed income allocation in one day.

Persons: Rob Williams, Charles Schwab, Ashton Lawrence, Lawrence, Williams Organizations: Mariner Wealth Advisors, Mutual Locations: Greenville , South Carolina, Treasurys, New York , New Jersey, California

☆ Stocks making the biggest moves after hours: Yelp, Sweetgreen, Akamai Technologies and more
▼ + stars: | 2024-05-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The company reported first-quarter earnings of 20 cents a share, surpassing analysts' estimates of 6 cents a share, per LSEG. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Insulet — The medical device company fell 5% even after Insulet posted first-quarter earnings and revenue that topped expectations. Insulet posted earnings of 73 cents per share, greater than the FactSet consensus estimate of 40 cents earnings per share.

Persons: Sweetgreen, Akamai, LSEG, Array's, FactSet, Dropbox, Insulet, Darla Mercado Organizations: Revenue, Akamai Technologies, Unity Software, LSEG, Gen, Norton

☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

☆ Stocks making the biggest moves after hours: Reddit, Lyft, Rivian, Twilio and more
▼ + stars: | 2024-05-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wynn Resorts — The resort-and-casino stock added 2.3% on the back of better-than-expected first quarter earnings. However, the California-based company saw $253 million in revenue for the three-month period, above the consensus forecast of $247 million. Toast — The cloud-based restaurant management software company saw shares jump more than 2% in extended trading after its earnings report. Twilio expects revenue to range between $1.05 billion and $1.06 billion versus an LSEG average estimate of $1.08 billion. The quarter "saw early indications of market share gains in hereditary cancer and prenatal testing," management said.

Persons: Reddit, Lyft, Rivian, Wynn, LSEG, Sonos, —, Yun Li, Hakyung Kim, Pia Singh, Darla Mercado, Scott Schnipper, Samantha Subin Organizations: FactSet, LSEG, Rivian, Wynn Resorts, Arts, Arista Networks, Wall, Myriad Locations: California

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