Latest news with #marketgains
Yahoo
a day ago
- Business
- Yahoo
Reddit (RDDT) Shares Soar 128% Over Last Quarter
Reddit achieved a remarkable turnaround with its share price soaring 128% over the last quarter, buoyed by unexpected positive earnings where sales surged to $499 million, marking a sharp contrast to prior-year losses. This upswing occurred during a period of broader market gains—the market was up 17% year-over-year—with Reddit also having been added to multiple indices, potentially enhancing its market visibility. Despite facing a class action lawsuit over alleged misleading statements on Google's AI impacts, the company maintained robust earnings guidance, suggesting potential resilience amidst market volatility. Buy, Hold or Sell Reddit? View our complete analysis and fair value estimate and you decide. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent news about Reddit's impressive quarterly share price increase of 128% is a significant factor in their broader narrative of international expansion and user-generated content. This price rise suggests strong investor confidence, despite ongoing legal challenges. Over the past year, Reddit's total return was very large at 348.83%, showcasing a robust performance compared to the US Interactive Media and Services industry's 34.5% return over the same period. This indicates Reddit's outperformance relative to both its industry and the broader market, which returned 17% in the last year. This context underscores Reddit's potential to remain competitive and capture further market share through increasing engagement and ad revenue growth. Looking at revenue and earnings forecasts, Reddit's latest earnings surge to US$499 million suggests potential upward revisions in analyst forecasts could materialize if the company continues to leverage its global user base. However, moderation risks and digital ad dependency may remain pressures on sustained growth. With Reddit's current share price at US$246.50, the analyst consensus price target is US$195.96, reflecting a 20.5% expected decline, indicating potential volatility and market skepticism regarding future valuation at the present PE ratio. Nonetheless, Reddit's profitability and revenue trajectory provide foundational support for evaluating long-term growth considerations. Take a closer look at Reddit's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RDDT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Times of Oman
2 days ago
- Business
- Times of Oman
Muscat Stock Exchange records fresh gains in weekly trading
Muscat: The Muscat Stock Exchange (MSX) posted fresh gains in the week as liquidity continued to flow amid new disclosures that boosted confidence and pushed the main index above 4,930 points, recording a weekly increase of 80 points. Several companies announced positive developments and promising future plans during the week, boosting confidence in their performance and maintaining the gains the Muscat Stock Exchange has been recording for several weeks. The services sector index rose 82 points to close at 1,919 points, the financial sector index rose 32 points, and the Sharia index rose to 477 points, up by 7 points. Meanwhile, the industrial sector index fell 39 points, affected by the decline in shares of several industrial companies, most notably Oman Cables Industry Company, Voltamp Energy, Al Jazeera Steel Products Company, Oman Flour Mills, Gulf International Chemicals Company, and OQ Basic Industries. Muscat Stock Exchange also saw gains in market capitalisation of OMR208.4 million in the week, reaching OMR29.61 billion by the end of Thursday's trading session, benefiting from the rise in shares of several companies. During the week high levels of trading was witnessed reaching OMR121.2 million with transactions executed recording a 28 percent increase and exceeding 13,700 transactions. Bank Muscat topped the most traded companies with OMR37.9 million, capturing 31.3 percent of the total trading value. OQ Exploration and Production came in second place with OMR19.2 million, and Sohar International Bank came in third with trades of OMR18.6 million, representing 15.4 percent of the total trading value. During the week, prices of 32 securities rose, while 32 declined, and 23 securities remained unchanged. Muscat Insurance recorded the highest increase, rising 20.7 percent to close at 855 baisas. Sembcorp Salalah rose by 16.1 percent to close at 180 baisas and SMN Power Holding rose 15.5 percent to close at 231 baisas. Gulf International Chemicals was the biggest loser, falling 5.2 percent to close at 72 baisas. Salalah Mills fell 4.6 percent to close at 410 baisas, and Dhofar International Development and Investment declined 3.3 percent to close at 290 baisas. In corporate news, OQ Exploration and Production (OQEP) announced that it intends to distribute interim cash dividends and performance-related dividends totaling 19.94 baisas per share, to be distributed in two phases in September and November. The company invited its shareholders to attend the ordinary general meeting scheduled for August 28 to approve this recommendation. This disclosure led to the company's share price rising last week to 360 baisas, exceeding the subscription price for the first time in several months. Omantel also announced its financial results for the first half of this year last week, recording net profits of OMR161.1 million for the group and OMR 35.1 million locally. The company's stock rose by 77 baisas closing the weekly trading at 975 baisas. Sohar International Bank said it has approached the Central Bank of Oman (CBO) for preliminary approval to submit a non-binding offer to acquire a 100 percent stake in Bait Insurance Company (known as Beema), the first integrated digital insurance platform. Bank Nizwa said its board of directors has approved a plan to increase its capital by OMR60 million across several tranches, through an initial public offering (IPO) or a private placement. The bank noted that the aim is to enhance its ability to meet the growing demand for Sharia-compliant financing across the retail, corporate, and international banking sectors. Oman Arab Bank said its board of directors had set the price of the rights issue shares at 151 baisas per share, including one baisa for issuance expenses. The bank's board of directors had decided last June to increase the bank's capital by OMR50 million through the issuance of rights issue. The share rose by one baisa closing the week at 149 baisas.
Yahoo
3 days ago
- Business
- Yahoo
JOST Werke SE (XTER:JST) Q2 2025 Earnings Call Highlights: Strong Sales Growth Amid Market ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points JOST Werke SE (XTER:JST) reported a 31% increase in sales for Q2 2025, driven by mergers and acquisitions, despite challenging global markets. The integration of the Huba acquisition is on track, with initial synergies being realized, contributing positively to the company's performance. The company successfully placed a promissory note loan of 320 million euros under attractive conditions, strengthening its financial position. Market share gains were achieved in the agriculture sector in the APEC region and South America, supported by new long-term contracts with agricultural OEMs. The adjusted EBIT grew by 10% to 37 million euros, with an adjusted EBIT margin of 9.5%, indicating solid operational performance. Negative Points Organic sales declined by 3% compared to Q2 2024, indicating challenges in maintaining growth without acquisitions. Free cash flow declined to 5 million euros due to higher working capital requirements, impacting liquidity. The leverage ratio increased to 2.78, temporarily above the target threshold of 2.5%, due to dividend payments. The North American market contracted significantly due to uncertainties related to tariffs and economic policies, affecting overall performance. The equity ratio decreased to 21.3%, impacted by the devaluation of the USD against the euro and the financing of acquisitions. Q & A Highlights Warning! GuruFocus has detected 9 Warning Signs with XTER:JST. Q: Can you provide more details on the long-term contracts in agriculture and their potential contribution? A: The strategy to be a global tier one supplier for agricultural groups like CNH, AGCO, and John Deere is confirmed by these contracts. While specific numbers for next year aren't shared, the contracts are expected to contribute a low double-digit million amount once fully active. The agricultural business is on a good growth path due to these contracts and market recovery. (CEO) Q: Could you elaborate on the contribution of HiA to adjusted EBIT and the impact of synergies? A: The adjusted EBIT margin for HiA is running between 7% and 8% after excluding the cranes business. Synergies are beginning to be realized, with a run rate of approximately EUR 45 million expected for 2025. (CFO) Q: How is the aftermarket business performing, particularly in North America? A: The aftermarket business contributed over 30% to the group's performance, with North America seeing months where it reached close to 40%. This strong aftermarket performance is helping stabilize margins despite market challenges. (CFO) Q: What is the outlook for North America in the second half of the year? A: The second half is expected to be similar to the first half, with stable but low levels of business. While customer production rates may slightly decline, the overall environment is expected to stabilize. (CEO) Q: Can you provide insights into the disposal of the cranes business and its financial implications? A: The cranes business was sold free of debt for a low double-digit euro amount, with a portion of the sale price subject to earnouts. This disposal allows the company to focus on core businesses and realize synergies from recent acquisitions. (CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
News.com.au
05-08-2025
- Business
- News.com.au
Closing Bell: ASX brings the razzle and the dazzle, springs 1.23pc higher
Market powers higher with all cylinders firing The ASX moved to its own tune today, making strong gains in the first hour and tap dancing its way through trade to add 1.23%. We're now hovering just 0.07% below our last all-time high. All 11 sectors spent the entire day in the positive, led by consumer discretionary but with strong support from banks and finance stocks. Wesfarmers (ASX:WES) added 2.8%, Super Retail Group (ASX:SUL) lifted 2.6% and Shaver Shop (ASX:SSG) gained 2%. There was also strong movement in our top banks, which all lifted somewhere between 2.36% and 0.58%. Special mentions for QBE Insurance (ASX:QBE) adding 2.36%, NAB (ASX:NAB) up 1.6% and Commonwealth Bank (ASX:CBA) climbing 1.38%. Alongside the banking index, gold was also surging on continued strength in spot and futures prices. Rare earth stocks remained buoyant as well. Iluka Resources (ASX:ILU) climbed 8.6%, Arafura Rare Earths (AX:ARU) 8.5% and Victory Metals (ASX:VTM) 8.3%. ASX LEADERS Today's best performing stocks (including small caps): Code Name Last % Change Volume Market Cap TKL Traka Resources 0.002 100% 77244620 $2,125,790 HMD Heramed Limited 0.018 50% 22710594 $10,507,233 SRJ SRJ Technologies 0.006 50% 5293253 $2,778,987 EOS Electro Optic Sys. 4.225 43% 14158184 $569,208,692 THB Thunderbird Resource 0.014 40% 13683520 $3,897,414 AUK Aumake Limited 0.004 33% 145012 $9,070,076 JAY Jayride Group 0.004 33% 4100637 $4,283,667 DGR DGR Global Ltd 0.012 33% 9579430 $9,393,264 RNT Limited 0.032 28% 3294351 $23,988,928 M4M Macro Metals Limited 0.0075 25% 18122124 $23,864,505 RDS Redstone Resources 0.005 25% 5767981 $4,137,069 SIS Simble Solutions 0.005 25% 1000000 $4,329,321 RHY Rhythm Biosciences 0.098 23% 1808718 $22,726,450 MEG Megado Minerals Ltd 0.039 22% 293144 $20,661,864 FAL Falconmetalsltd 0.595 21% 3629807 $87,003,080 TRP Tissue Repair 0.34 21% 257149 $16,930,156 FRS Forrestaniaresources 0.205 21% 2559019 $52,918,438 ALR Altairminerals 0.006 20% 83302480 $21,483,721 CUL Cullen Resources 0.006 20% 250328 $3,467,009 MTB Mount Burgess Mining 0.006 20% 830883 $2,128,192 SLZ Sultan Resources Ltd 0.006 20% 2102113 $1,305,418 GBE Globe Metals &Mining 0.073 18% 195000 $43,068,487 WTM Waratah Minerals Ltd 0.465 18% 4579539 $92,237,345 CCP Credit Corp Group 17.81 17% 1216473 $1,038,700,223 LCL LCL Resources Ltd 0.007 17% 1226420 $7,195,543 In the news… Asset maintenance specialist SRJ Technologies (ASX:SRJ) is trading higher despite closing out a $1.38m entitlement offer at a 22.7% discount to its 10-day VWAP of $0.005. The funding will support SRJ's entry into a 50:50 joint venture with a NOC-registered entity to deliver a multi-year contract valued at US$6m in the Middle East. Medical data firm Heramed (ASX:HMD) has been reinstated to the ASX after lodging a late quarterly activity report alongside notice of a $1.98m share placement. Management says the healthcare landscape in the US is beginning to improve as concerns over changing policy and funding settle and the sector adapts. HMD has teamed up with US healthcare commercialisation firm Aspire Health Innovations to spearhead its market strategy in North America. Electro Optic Systems (ASX:EOS) has nabbed a EUR 71.4 million contract with a European NATO member for its new anti-drone laser weapon system. It's a world first for a laser of its power, slated for delivery sometime between now and 2028. Macro Metals (ASX:M4M) has locked in commitments to raise $2m in a placement priced at 0.7c per new share, a 16.67% premium to M4M's last closing price. Funding will fuel the third phase of field work at the Turner iron ore project and a technical services contract with REGROUP at the Extension iron ore project. It will also support tendering of mining services contracts within M4M's Macro Mining Services segment and the company's two majority-indigenous owned joint ventures, Nyapiri Macro Mining and Robe River Kuruma Macro Mining. ASX LAGGARDS Today's worst performing stocks (including small caps): Code Name Last % Change Volume Market Cap LNR Lanthanein Resources 0.001 -50% 5436332 $7,468,003 HCD Hydrocarbon Dynamics 0.002 -33% 694511 $3,234,328 MEL Metgasco Ltd 0.002 -33% 93088 $5,511,260 TMX Terrain Minerals 0.002 -33% 250689 $7,595,443 BLZ Blaze Minerals Ltd 0.003 -25% 8726540 $7,113,856 CHM Chimeric Therapeutic 0.003 -25% 2759296 $12,996,494 M2R Miramar 0.003 -25% 1251217 $3,987,293 NTM Nt Minerals Limited 0.0015 -25% 2258226 $2,421,806 ROG Red Sky Energy. 0.003 -25% 754800 $21,688,909 SRN Surefire Rescs NL 0.0015 -25% 17000000 $6,457,219 ARV Artemis Resources 0.004 -20% 1661876 $14,328,361 AVE Avecho Biotech Ltd 0.004 -20% 165061 $15,867,318 BUY Bounty Oil & Gas NL 0.002 -20% 9245 $3,903,680 CYQ Cycliq Group Ltd 0.004 -20% 1362117 $2,302,583 ERA Energy Resources 0.002 -20% 235000 $1,013,490,602 EDEDA Eden Inv Ltd 0.039 -19% 178240 $9,863,714 NSB Neuroscientific 0.19 -17% 1568877 $76,492,412 LMS Litchfield Minerals 0.1 -17% 44518 $3,485,527 AOK Australian Oil. 0.0025 -17% 262581 $3,113,349 ECT Env Clean Tech Ltd. 0.0025 -17% 3344164 $12,046,306 FAU First Au Ltd 0.005 -17% 9802573 $12,457,748 OLY Olympio Metals Ltd 0.105 -16% 304471 $12,883,412 MCM Mc Mining Ltd 0.115 -15% 94115 $86,898,445 AM5 Antares Metals 0.006 -14% 209500 $3,603,970 JNS Januselectricholding 0.12 -14% 1022165 $12,700,948 IN CASE YOU MISSED IT Nimy Resources (ASX:NIM) is aligning with US advisory group M2i Global to unlock funding opportunities and drive international growth. Investors have demonstrated their confidence in Perpetual Resources (ASX:PEC) by firmly backing a $1.6m placement to accelerate exploration for lithium and caesium in Brazil. Prospect Resources (ASX:PSC) has hit up to 1.1% copper in second phase drilling at the Nyungu Central deposit within its Mumbezhi copper project in Zambia. Silver Mines (ASX:SVL) has raised $30m through a strongly supported placement and will launch a share purchase plan to raise up to an additional $3m. A merger that would create North America's largest hard rock lithium producer is at risk, with Piedmont Lithium (ASX:PLL) urgently trying to track down retail investors across regional Australia. Koonenberry Gold (ASX:KNB) has completed induced polarisation geophysics that identified six high-priority drill targets along the Sunnyside Shear Zone in NSW. Trading halts
Yahoo
01-08-2025
- Business
- Yahoo
WisdomTree Q2 Assets Rise on European Flows and Gains
WisdomTree Inc. (WT), a top-20 ETF issuer, said second-quarter assets under management jumped 8.9% from the previous quarter, mostly due to market gains and inflows in its Europe-listed exchange-traded products. The New York-based company's global assets rose $10.3 billion from quarter to quarter, to $126.1 billion, WisdomTree said in a statement. About two-thirds of the gain was due to asset values being lifted by riding equity markets while the rest was inflows. From the year-earlier period, global AUM rose 15%. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Assets in its U.S. business, which are more than double those of the European side of the company, jumped $4.64 billion, a 5.8% gain, to $85.2 billion. More than two-thirds of the gain in AUM was due to market increases, as inflows dipped by $737 million to $1.11 billion. From the year-earlier period, inflows into the company's 81 U.S. exchange-traded funds were little changed. European Assets Surge Among its 285 European exchange-traded products, second-quarter assets rose 15%, or $5.4 billion, to $40.5 billion, mostly on market gains. Assets have soared 35% from last year's second-quarter figure of $30 billion. In the U.S., investors poured into equity markets as the economy emerged from a brief bear market, surging to record highs. WisdomTree's lagging U.S. inflows relative to its European business are reflected in its largest fund, the $18.8 billion WisdomTree Floating Rate Treasury Fund (USFR), a safe-harbor fixed-income fund, which pulled in $184.8 million during the quarter, down from $272.6 million last year. WisdomTree's Largest Funds Ticker Fund Issuer AUM Expense Ratio 3-Month Total Return USFR WisdomTree Floating Rate Treasury Fund WisdomTree, Inc. $18.80B 0.15% 1.2% DGRW WisdomTree US Quality Dividend Growth Fund WisdomTree, Inc. $16.08B 0.28% 10.0% DLN WisdomTree U.S. LargeCap Dividend Fund WisdomTree, Inc. $5.13B 0.28% 8.8% DON WisdomTree U.S. MidCap Dividend Fund WisdomTree, Inc. $3.70B 0.38% 7.9% DXJ WisdomTree Japan Hedged Equity Fund WisdomTree, Inc. $3.59B 0.48% 11.2% Source: & FactSet During a quarter in which investors poured billions into large crypto and leveraged ETFs, the company's second-largest U.S. fund, the $16.1 billion WisdomTree US Quality Dividend Growth Fund (DGRW), pulled in $208.5 million, down from last year's $277.4 million. WisdomTree's spot bitcoin fund, the $185 WisdomTree Bitcoin Fund (BTCW), saw outflows of $56.4 billion. Ceres Acquisition WisdomTree also said it's entering private markets with the purchase of Ceres Partners, a farmland manager based in South Bend, Indiana. The company said in a statement that Ceres manages $1.85 billion in assets, including 545 U.S. farmland properties in 12 states, and has delivered a 10.3% net average annual total return since its inception in | © Copyright 2025 All rights reserved
