Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
Shares of power-generation technology maker GE Vernova have been on a tear. Now it is time to take some profits, according to Guggenheim analyst Joseph Osha. In a Friday research note, he cut his rating on the stock to Hold from Buy and withdrew his previous $380 target for the share price.
Dow jumps as S&P 500 hits a record high. Trump pushes for rate cuts and cheaper oil, while rising jobless claims hint at economic softening.
Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
U.S. stock index futures showed mixed trends, with Dow E-minis slightly up while S&P 500 and Nasdaq 100 E-minis were down. Investors focused on GE Aerospace's positive 2025 profit forecast and American Airlines' negative outlook.
General Electric (NYSE: GE) Q4 2024 Earnings Call Jan 23, 2025, 7:30 a.m. ET
GE Aerospace is slated to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
GE Aerospace posts strong Q3 results, announces $7B stock buyback; shares soar. American Airlines expects a significant Q4 loss; EA cuts 2025 net bookings guidance.
GE Aerospace (NYSE: GE) beat analyst expectations in the fourth quarter and announced plans to boost returns to shareholders. Investors cheered, sending GE shares up 10% as of 10 a.m. ET. GE Aerospace was long considered one of the crown jewels inside of the General Electric conglomerate.
Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.