Vistra Shares Soar After Strong Earnings

17 minutes ago

Vista Corp (VST) shares rose after the company reported third-quarter earnings that beat expectations.

The Texas-based electricity provider reported revenue of $6.29 billion, up 54% year over year compared to analysts’ consensus of $4.53 billion. Net income came in at $1.84 billion, beating expectations of $504.63 million.

Vista also increased its adjusted prices for the full year earnings before interest, taxes, depreciation and amortization (EBITDA) It is estimated to be between $5 billion and $5.2 billion, from $4.55 billion to $5.05 billion.

Vistra’s shares are up 6% in recent trading, more than tripling in value in 2024 best performing stock on S&P 500 This year’s index. company one wave of enthusiasm On the use of nuclear capacity to power energy-intensive power plants artificial intelligence processes.

–Andrew Kessel

Dutch Bros Coffee Chain Jumps With Increasing Outlook

59 minutes ago

Dutch Brothers (SIBLINGS) shares soared after the company’s third-quarter results beat analysts’ expectations and included an upwardly revised forecast.

The coffee chain said it expects revenue in 2024 to be between $1.255 billion and $1.26 billion, down from the previous range of $1.215 billion to $1.23 billion.

In the quarter, revenue rose 28% year over year to $338 million, and net income rose to $21.7 million, or 11 cents per share, from $4.21 million, or 7 cents per share, a year earlier.

Same-store sales increased 2.7% compared to last year, while transactions increased 0.8%. The company said that this number reached 950 by opening 38 new stores, most of which are company-owned, in the last quarter.

The more than 30% jump in share prices, according to Thursday’s post-earnings report, represents a big change from the previous quarter, when the stock lost more than 100,000 shares. one fifth of its value although it exceeded expectations. Overall, shares are up nearly 50% in 2024.

–Andrew Kessel

Nvidia is the World’s Most Valuable Company — Watch These Levels

2 hours 41 minutes ago

Nvidia (NVDA) rose to first place among the world’s most valuable companies this week. market valueLeaving iPhone maker Apple behind (AAPL).

The stock was up 1.6% around $148 in recent trading after hitting another record high at the start of Thursday’s session. Nvidia shares have nearly tripled since the beginning of the year, driven by insatiable demand for the company’s AI chip family.

The stock has traded mostly sideways on low trading volumes since its breakout from a symmetrical triangle last month as investors look for future catalysts that could drive the AI ​​favorite’s next move.

Traders should watch for significant lows near $144, $125, and $97 on the Nvidia chart and watch for a significant high near $180.

Read All technical analysis is here.

–Timothy Smith

Zillow Stock Soars After Earnings

3 hours 7 minutes ago

Zillow Group (Z.) shares rose more than 20% Thursday morning after the real estate company posted strong sales gains and narrowed losses in the third quarter.

Zillow reported revenue of $581 million in the third quarter, up 17% year over year and above the midpoint of the range the company previously offered. Its net loss narrowed to $20 million in the three months to September 30, from a loss of $28 million in the same period last year.

Sales in the period outperformed the broader residential real estate sector’s 2% growth in total transaction value, the listing site said. National Association of Realtors (NAR).

Zillow estimates fourth-quarter revenue to be in the range of $525 million to $540 million and said it is sticking to its forecast of double-digit revenue growth for the full year.

The company’s shares have risen since naming a new CEO and reporting better than expected second quarter resultsAt the beginning of August. Shares are up nearly 24% since the beginning of the year.

–Nisha Gopalan

AppLovin Up 50% on Strong Earnings and Outlook

4 hours 7 minutes ago

AppLovin (APPLICATION) shares rose to a record high on Thursday morning software maker’s third-quarter profit and fourth-quarter outlooks each beat expectations.

The company partners with app developers to provide advertising and grow their user base. It reported revenue of $1.2 billion, up nearly 40% from the same period last year and slightly better than analysts expected. Net income, which analysts predicted to be $319.2 million, amounted to $434.42 million, well above the estimates.

AppLovin in the fourth quarter projects Revenue of $1.24 billion to $1.26 billion was above the $1.17 billion analysts expected in its earnings release later Wednesday.

AppLovin said AI-powered advertising tools now account for nearly all of its “software platform” segment’s revenue. The company’s monthly active payers (MAP) figure, which counts every user who made an in-app purchase this quarter, fell to 1.6 billion users from 1.8 billion a year ago. But, Its average income per MAP increased from $46 to $52.

AppLovin shares are up 47% in recent trading, pushing their year-to-date gains to over 500%.

–Aaron McDade

Tesla Levels to Watch After the Election Jump

5 hours 22 minutes ago

Tesla’s (TSLA) shares fell slightly this morning after rising on Wednesday amid investors’ expectations. EV manufacturer can benefit Since Donald Trump’s return to the presidency, CEO Elon Musk has been one of the former president’s most prominent supporters.

The stock, which hit a 15-month high yesterday, was down 0.4% around $287.50 in recent premarket trading. The stock has more than doubled since hitting a yearly low in April.

The stock is trading within an ascending triangle, a bullish chart pattern that indicates a continuation of the uptrend that started in April.

Traders should watch the key overhead levels near $300 and $350 on Tesla’s chart and also watch for important support areas near $265 and $230.

Read all Technical analysis article is here.

–Timothy Smith

Futures Point to Higher Opening for Major Indices

6 hours 13 minutes ago

Futures tied to the Dow Jones Industrial Average rose 0.2%.

S&P 500 futures also rose 0.2 percent.

Nasdaq 100 futures rose 0.4 percent.