Globant Suffers Record Intraday Drop as Tariffs Dent Earnings
Globant shares plunged as much as 33.7% on Friday to $88.03, the worst drop since the company went public in 2014, before paring some of those losses.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
US Vaccine Fatigue Will Fade, CSL CEO Says
CSL CEO and Managing Director Paul McKenzie says the time is right to spin off its Seqirus business as vaccine demand grows and "fatigue" fades in the US, especially among the ageing population. The Australian biotech giant's shares plunged the most in 23 years after it reported disappointing earnings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Morgan Stanley Reiterates a Buy Rating on Nu Holdings Ltd. (NU) With an $18 PT
Nu Holdings Ltd. (NYSE:NU) is one of the most buzzing stocks to invest in right now. On August 15, Morgan Stanley analyst Jorge Kuri reiterated a Buy rating on Nu Holdings Ltd. (NYSE:NU) and set a price target of $18.00. A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor. The analyst based the rating on Nu Holdings Ltd.'s (NYSE:NU) growth potential and solid performance, stating that it reported notable quarterly results with total revenues and net income surpassing expectations due to strong credit growth. The analyst considers the loan momentum acceleration as a key driver for future earnings upgrades, positioning Nu Holdings Ltd. (NYSE:NU) to continue exhibiting outperformance. Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services. While we acknowledge the potential of NU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14 minutes ago
- Yahoo
JPMorgan (JPM) Announces Dividends for Preferred Stock
JPMorgan Chase & Co. (NYSE:JPM) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On August 15, JPMorgan Chase & Co. (NYSE:JPM) announced dividends on the outstanding shares of its Series II and OO preferred stock. For the Series II preferred stock, JPMorgan Chase & Co. (NYSE:JPM) declared a dividend of $179.80 per preferred share and a dividend of $17.98 per depositary share. pcruciatti / For the Series OO preferred stock, JPMorgan Chase & Co. (NYSE:JPM) announced a dividend of $162.50 per preferred share. The dividend for each depositary share of the Series OO is $16.25. According to the report by JPMorgan Chase & Co. (NYSE:JPM), the dividends will be paid on October 1, 2025, to stockholders of record at the close of business on September 2, 2025. JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services firm with leading positions in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Revenue Growth Stocks to Buy Now and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.
