The crypto market cap stood at $2.53 trillion last Wednesday. As of this morning, it has dropped to $2.25 trillion, with Bitcoin (CRYPTO: BTC) testing $61,500 overnight before rebounding to $63K. There’s quite a few reasons for the market plunge. Strategy broke a years-long rule and sold Bitcoin for the first time in nearly four ... Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are Al...
The crypto market cap stood at $2.53 trillion last Wednesday. As of this morning, it has dropped to $2.25 trillion, with Bitcoin (CRYPTO: BTC) testing $61,500 overnight before rebounding to $63K. There’s quite a few reasons for the market plunge. Strategy broke a years-long rule and sold Bitcoin for the first time in nearly four ... Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are All Down Double Digits
Mitchell Wessels/iStock via Getty Images June 4th was a pretty good day for shareholders of The Toro Company ( TTC ). After management announced financial results covering the second quarter of the company's 2026 fiscal year, shares dipped around 2.3%. The company actually did better than the share price reaction indicated. Revenue, profits, and cash flows all came in above what analysts were hopi...
Mitchell Wessels/iStock via Getty Images June 4th was a pretty good day for shareholders of The Toro Company ( TTC ). After management announced financial results covering the second quarter of the company's 2026 fiscal year, shares dipped around 2.3%. The company actually did better than the share price reaction indicated. Revenue, profits, and cash flows all came in above what analysts were hoping to see . Management even went so far as to increase guidance for the top and bottom lines for this year. In many cases, you would normally expect this to push shares up higher. That's especially true on a day when the market in general rose nicely. However, the problem remains that the firm is pretty solidly fairly valued. And in some respects, it's even a bit pricey compared to other firms that are out there. At the end of the day, I wish I could be bullish on it. But based on how it's priced, and after seeing it rise 23.9% since I last called it a "hold" in May of last year, I think that sticking with my Hold rating makes sense. A Great Quarter Fundamentally speaking, things are going exceptionally well for The Toro Company right now. For the second quarter of the 2026 fiscal year, revenue came in at $1.42 billion. That represents an increase of 8.1% compared to the $1.32 billion that the business reported a year earlier. It also ended up being $31.3 million greater than what analysts were hoping to see. As revenue for the company improved, profitability improved also. Earnings per share went from $1.37 to $1.50. This happened to be $0.02 greater than what analysts were hoping to see. This meant a rise in net profits from $136.8 million to $145.4 million. On an adjusted basis, earnings per share grew from $1.42 to $1.60. Analysts were only expecting $1.50 per share. This translated to a rise in adjusted net income from $141.8 million to $155.4 million. Author - SEC EDGAR Data Other profitability metrics for the company improved also. Take operating cash flow as an exam...
STORY: U.S. stocks mostly gained ground Thursday as progress toward ending the Iran war buoyed investor sentiment. The Dow rose 1.7% and notched another record closing high, the S&P 500 added four-tenths of one percent, while the Nasdaq fell a hair. Broadcom contributed to the index’s lackluster day. Its shares declined 12.5% after the chip company issued disappointing results. :: Archive Anna Rat...
STORY: U.S. stocks mostly gained ground Thursday as progress toward ending the Iran war buoyed investor sentiment. The Dow rose 1.7% and notched another record closing high, the S&P 500 added four-tenths of one percent, while the Nasdaq fell a hair. Broadcom contributed to the index’s lackluster day. Its shares declined 12.5% after the chip company issued disappointing results. :: Archive Anna Rathbun, founder and CEO of Grenadilla Advisory, said the changing business conditions discussed by Broadcom on its earnings call could be a warning sign for other AI companies. “The traders, the investors and the markets are anticipating potentially falling margins in the future because of the shift in Broadcom's business. Now this actually has implications for rest of AI, right? Because number one, everybody's moving to AI and the costs are definitely going up of raw materials and partnerships, etc. And unless you can pass that down to your customer, at this point they can because the demand is high. At some point they won't be able to. And that means margin pressure. So the markets may be looking at that as a canary in the coal mine. “ The U.S. House of Representatives passed a measure on Wednesday that would block President Donald Trump from continuing the war on Iran. Additionally, a U.S.-mediated ceasefire agreement between Israel and Lebanon, an essential condition of an Iranian agreement to a peace deal, bolstered optimism of a near-term resolution to the war. But the truce was rejected by the pro-Iran Hezbollah, which said it would not withdraw troops from Lebanon. Other stocks on the move included UnitedHealth which advanced 5% after Bank of America raised its rating on the healthcare conglomerate's shares to "buy." And Pinterest climbed about four and a half percent after announcing it would spend $4 billion to strengthen a long-term partnership with Amazon.
SpaceX, Anthropic, and OpenAI are planning massive initial public offerings right now. But the artificial intelligence (AI) boom actually has been going on for quite some time. AI stocks have pushed the bull market higher quarter after quarter, driving the S&P 500 to a 77% increase over the past three years. Investors are excited about this technology that promises to transform the way business is...
SpaceX, Anthropic, and OpenAI are planning massive initial public offerings right now. But the artificial intelligence (AI) boom actually has been going on for quite some time. AI stocks have pushed the bull market higher quarter after quarter, driving the S&P 500 to a 77% increase over the past three years. Investors are excited about this technology that promises to transform the way business is done -- and so they've piled into companies driving AI, such as chip designers and cloud service providers. These players, including Nvidia (NASDAQ: NVDA) and Alphabet , have seen their stock prices jump in the triple digits in just three years. The AI boom immediately delivered revenue growth as AI customers rushed to these companies for the chips and capacity needed to train large language models. And these well-established tech players continue to offer investors growth thanks to their presence in AI. But now, as the three younger AI giants prepare to launch IPOs, should you continue to buy older market giants -- or wait for the supersize IPOs of SpaceX, Anthropic, and OpenAI? Let's find out. Continue reading
Li Auto Inc. recently reported that it delivered 33,350 vehicles in May 2026, lifting cumulative deliveries to about 1.70 million and following first-quarter results that showed CNY 22,982.91 million in revenue and a net loss of CNY 2,289.53 million. The company also completed a US$139.7 million share repurchase program and launched the all-new Li L9, which attracted over 10,000 orders within two ...
Li Auto Inc. recently reported that it delivered 33,350 vehicles in May 2026, lifting cumulative deliveries to about 1.70 million and following first-quarter results that showed CNY 22,982.91 million in revenue and a net loss of CNY 2,289.53 million. The company also completed a US$139.7 million share repurchase program and launched the all-new Li L9, which attracted over 10,000 orders within two weeks, while shareholders approved a full restatement of its memorandum and articles of...
On May 8, 2026, Director Marc Haugen disclosed the sale of 9,923 shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in multiple open-market transactions, per a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($72.11); post-transaction value based on May 8, 2026 market close ($74.42). *1-year performance calculated using June 1, 2026 as the reference date. Contin...
On May 8, 2026, Director Marc Haugen disclosed the sale of 9,923 shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in multiple open-market transactions, per a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($72.11); post-transaction value based on May 8, 2026 market close ($74.42). *1-year performance calculated using June 1, 2026 as the reference date. Continue reading
In this article .DJI .IXIC .SPX QNT QNT AVGO Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the " Mad Money " host said. "One that could shrug off a bear…and still be hungry for more." The Dow Jones Industrial Average rallied to a record high, up 874 points, or 1.7...
In this article .DJI .IXIC .SPX QNT QNT AVGO Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the " Mad Money " host said. "One that could shrug off a bear…and still be hungry for more." The Dow Jones Industrial Average rallied to a record high, up 874 points, or 1.7%. Meanwhile, the S&P 500 added 0.4% and the tech heavy Nasdaq Composite dipped 0.09%. The mixed performance came despite "two of the biggest obstacles" that, Cramer said, normally would have derailed the market. One reason the market may have powered higher, according to Cramer, is that investors concluded the latest earnings disappointments were not nearly as severe as initially feared. He pointed to Broadcom's history of issuing conservative forecasts before delivering stronger results later, while noting the stock had already rallied sharply heading into earnings. Cramer also suggested concerns about CrowdStrike may be overblown, arguing the cybersecurity company's results and outlook were stronger than the market reaction implied. "The disappointments really weren't that disappointing," he said. Cramer also thinks the market's reception to Quantinuum's initial public offering is a sign of investor resilience. Quantinuum is the quantum computing company spun out of Honeywell , which is a holding in Cramer's Charitable Trust , the portfolio run by the CNBC Investing Club. Demand for the deal was so strong that underwriters increased the size of the offering, and the stock still finished its first day of trading relatively flat. "I was prepared to see a sloppy deal that would go up a couple of dollars and then roll over, bringing the whole market down with it," Cramer said. "Didn't happen." Instead, Cramer said the successful debut suggests investors remain eager to participate in new offerings despite concerns about a growing pipeline of deals. "That is a huge load of wo...
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. Futures tied to the broad market index slipped 0.2%, while Nasdaq 100 futures dipped 0.4%. Futures tied to the Dow Jones Industrial Average were trading little changed. In Thursday's after-hours trading session, shares of Lululem...
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. Futures tied to the broad market index slipped 0.2%, while Nasdaq 100 futures dipped 0.4%. Futures tied to the Dow Jones Industrial Average were trading little changed. In Thursday's after-hours trading session, shares of Lululemon Athletica sank 10% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company's outlook for its current quarter also came below what analysts were expecting. During the day's regular session, the blue-chip Dow Jones Industrial Average climbed 874.86 points, or 1.73% to a fresh record close. The S&P 500 added 0.41%, while the Nasdaq Composite slipped 0.09%, weighed down by a rotation out of the technology sector. "A lot of us would prefer a broadening of the market, and when we say that I think it's no longer broadening away from Mag Seven, it's really a broadening away from semi-cap equipment and hardware," said Charles Kantor , senior portfolio manager at Neuberger Wealth, on CNBC's " Closing Bell: Overtime " on Thursday afternoon. "You had a little bit of that today, but the pipeline of demand for stuff related to building out compute and data centers from now even into 2030 is a powerful force." Investors are now looking ahead to the May nonfarm payrolls report , which will be released at 8:30 a.m. on Friday morning. Economists surveyed by Dow Jones expect the latest data to show that just 80,000 jobs were added last month, which would be lower than the average of 150,000 jobs over the prior two months. The consensus also sees the unemployment rate holding steady from April at 4.3%. On Thursday, President Donald Trump said that he would be "honored" to meet Ayatollah Mojtaba Khamenei , Iran's Supreme Leader, "if it was to make a deal." The U.S.-Iran war has dragged on into its fourth month, and the conflict between...