Articles for author: Russ Cohen

Russ Cohen

Asia markets mixed as investors evaluate Japan's GDP, China's economic data following Wall Street's decline

Nov. 15, 2024 1:28 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade mixed on Thursday following Wall Street’s overnight losses ...

Russ Cohen

SPY, ZTWO: Big ETF Inflows

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR S&P 500 ETF Trust, which added 22,800,000 units, or a 2.2% increase week over week. Among the largest underlying components of SPY, in morning trading today Nvidia is down about 0.8%, ...

Russ Cohen

MGX Investors Have Opportunity to Lead Metagenomi, Inc. Securities Fraud Lawsuit

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Metagenomi, Inc. (“Metagenomi” or the “Company”) MGX. Class Period: February 2024 IPOLead Plaintiff Deadline: November 25, 2024 If you wish to serve as lead plaintiff ...

Russ Cohen

Chipotle's New Boss: Can CEO Scott Boatwright Spice Up CMG?

Chipotle Mexican Grill Inc CMG officially named Scott Boatwright as its permanent CEO, months after Brian Niccol‘s exit to Starbucks Corp SBUX. Boatwright, who joined Chipotle in 2017 and has served as interim CEO since August, is now tasked with taking the burrito giant to new heights, reported CNBC. Known for his role in helping ...

Russ Cohen

Friedman Stock Declines Post Q2 Earnings on Lower Sales, Demand

Shares of Friedman Industries, Incorporated FRD have lost 4.8% since the company reported its earnings for the quarter ended Sept. 30, 2024. This compares to the S&P 500 index’s -0.3% change over the same period. Over the past month, FRD has moved down by 3.2%, while the S&P 500 recorded a positive change of 3.3%, ...

Russ Cohen

Noteworthy Thursday Option Activity: GLW, AMAT, UAL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Corning Inc (Symbol: GLW), where a total volume of 69,147 contracts has been traded thus far today, a contract volume which is representative of approximately 6.9 million underlying shares (given that every 1 contract represents 100 underlying ...

Russ Cohen

AI Data Center Energy Needs: Is Natural Gas the Answer?

Data Center Energy Demand is Insatiable Cash-rich big tech juggernauts such as Meta Platforms (META) and Tesla (TSLA) are investing billions of dollars to build massive data centers to compete in the artificial intelligence (AI) revolution. Thus far, Nvidia (NVDA) has been a main beneficiary of the AI buildout, due to the extreme demand for ...

Russ Cohen

MercadoLibre's Q3 Earnings Miss Estimates, Revenues Rise Y/Y

MercadoLibre MELI reported third-quarter 2024 earnings of $7.83 per share, which missed the Zacks Consensus Estimate by 30.52% but increased 9.4% year over year. Revenues rose 35% on a year-over-year basis (103% on a FX-neutral basis) to $5.3 billion. The top line surpassed the Zacks Consensus Estimate by 1.11%. Total revenues were driven by accelerating ...

Russ Cohen

US$90,000 in Sight as Bitcoin Soars to Fresh All-time High

The price of Bitcoin rallied to nearly US$90,000 on November 12, topping out at US$89,645. The popular cryptocurrency has been rising on the heels of last week’s US presidential election, which saw Donald Trump and the Republican Party declare victory after securing all seven swing states and regaining a Senate majority. Bitcoin surged as ballots ...