Latest news with #techrally
Yahoo
20 hours ago
- Business
- Yahoo
Reddit (RDDT) Sees Q2 2025 Earnings Surge With Revenue Growth
Reddit recently reported strong financial results for Q2 2025, with substantial revenue growth and profitability, showing a turnaround from last year's net loss. Despite legal challenges related to Google's AI changes and a class action lawsuit, the stock saw a significant price increase of 99% over the last quarter. This positive movement occurred amid a broader tech rally, with indexes like Nasdaq reaching record highs, driven by gains in other major tech stocks. While specific challenges weighed on Reddit's stock earlier, its recent earnings may have supported confidence, aligning with the overall market uptrend. Buy, Hold or Sell Reddit? View our complete analysis and fair value estimate and you decide. AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The recent positive movement in Reddit's share price, following their strong Q2 financial results, underscores investor confidence in the company's turnaround from last year's net loss. Despite the ongoing legal challenges, the substantial share price increase indicates a market reaction that aligns with broader tech industry trends as major indices reach record highs. The company's share performance over the last year is notable, with a total return exceeding 307.18%, providing a stark contrast to the recent short-term surge, and showcasing its resilience in a competitive digital landscape. In comparison to the US Interactive Media and Services industry, Reddit's one-year return surpassed the industry average of 32.9%, highlighting its strong market position. The recent legal uncertainties may influence future revenue and earnings forecasts, primarily if these challenges impact advertiser relationships or data licensing opportunities. Despite such challenges, Reddit's revenue growth prospects remain robust, powered by its expanding international footprint and increasing user engagement. Considering the current share price of US$215.44, it exceeds the consensus analyst price target of US$195.96, indicating a potential overvaluation in the short term. Analysts anticipate a revenue growth of 31.8% annually over the next three years, necessitating careful consideration of Reddit's capacity to sustain such growth amidst advertising reliance and international expansion dependencies. The strong long-term returns could be attributed to its strategic initiatives and successful penetration into new markets, yet these factors, along with the recent news, interlace complex implications for future projections. In light of our recent valuation report, it seems possible that Reddit is trading beyond its estimated value. 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
Yahoo
20 hours ago
- Business
- Yahoo
Robinhood Markets (HOOD) Sees 110% Price Move Over Last Quarter With Share Buyback Program
Robinhood Markets observed a substantial price increase of 110% over the last quarter, an intriguing development in light of the company's recent performance. Despite a notable decline in revenue and net income, Robinhood's aggressive share buyback program may have supported this upswing. The ongoing inclusion in multiple major indices and expansion of services in Europe also provided positive momentum. Furthermore, the broader market experienced gains with the Nasdaq and S&P 500 hitting record highs, led by a tech rally. These market conditions likely amplified Robinhood's share price ascent, countering any negative financial results from the company's earnings report. Every company has risks, and we've spotted 1 possible red flag for Robinhood Markets you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The recent developments highlighted in the introduction suggest potential shifts for Robinhood Markets. While the company's aggressive share buyback may support short-term gains, questions remain regarding the sustainability of its revenue growth given regulatory challenges and shifting consumer interests. Over the past three years, Robinhood's shares have delivered an extremely large total return of 948.76%, reflecting both rapid growth and heightened volatility in its stock price. This longer-term performance contrasts with the past year's returns, where Robinhood exceeded both the US Market's 20.2% return and the 40% return of the US Capital Markets industry. The company's recent share price increase of 110% over the last quarter contrasts starkly with the current analyst consensus price target of US$108.51, which the current share price surpasses, indicating market optimism beyond traditional valuations. Although Robinhood's expansion in Europe and induction into major indices could bolster its revenue and earnings forecasts, persistent regulatory uncertainties might dampen growth in the burgeoning tokenized asset space. These factors contribute to varied analyst expectations, with a wide discrepancy between the most optimistic and pessimistic earnings forecasts. Given these dynamics, assessing the company's longer-term stability and growth potential remains critical. Examine Robinhood Markets' past performance report to understand how it has performed in prior years. 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 HOOD. 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
Malay Mail
3 days ago
- Business
- Malay Mail
Apple jumps 5pc after US$100b investment plan amid Trump's new tariffs on India
NEW YORK, Aug 7 — Wall Street stocks rose Wednesday with Apple and most other large tech companies rallying as markets largely shrugged off US President Donald Trump's latest tariff hikes. Apple piled on more than five per cent after White House officials said the tech giant plans an additional US$100 billion in capital spending in the United States. Amazon and Google parent Alphabet were among the other large tech names that also rose. 'By standing up and publicly announcing a domestic investment with President Trump, it reduces the likelihood of Trump imposing new tariff burdens on Apple,' said FHN Financial's Chris Low. The Dow Jones Industrial Average finished up 0.2 per cent at 44,193.12. The broad-based S&P 500 gained 0.7 per cent to 6,345.06, while the tech-rich Nasdaq Composite Index climbed 1.2 per cent to 21,169.42, less than 10 points from an all-time record. Trump ordered an additional 25 per cent tariff on Indian goods. The levy, which is expected to come into force in three weeks, is due to New Delhi's continued purchase of Russian oil. A new wave of Trump tariffs is due to take effect on Thursday on dozens of other economies. But Wednesday's gains suggest investors are becoming more inured to the levies. 'This is a market that's fueled by enthusiasm,' said Jack Ablin of Cresset Capital Management. 'Nothing has blown up yet. Perhaps the impact of tariffs won't be as great as investors originally feared.' Among individual companies, Disney fell 2.7 per cent as it reported around a doubling of profits to US$5.3 billion and announced a series of new deals to boost its upcoming ESPN streaming venture. But McDonald's jumped 3.0 per cent as it reported an 11-per cent rise in profits to US$2.3 billion. While the fast food giant returned to sales growth at US stores, it warned that low-income consumers were cutting back amid financial pressures. — AFP
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
US stocks rise as Apple surges
Gains suggest investors are becoming more inured to US President Donald Trump's tariffs. (Reuters pic) NEW YORK : Wall Street stocks rose Wednesday with Apple and most other large tech companies rallying as markets largely shrugged off US President Donald Trump's latest tariff hikes. Apple piled on more than 5% after White House officials said the tech giant plans an additional US$100 billion in capital spending in the US. Amazon and Google parent Alphabet were among the other large tech names that also rose. 'By standing up and publicly announcing a domestic investment with President Trump, it reduces the likelihood of Trump imposing new tariff burdens on Apple,' said FHN Financial's Chris Low. The Dow Jones Industrial Average finished up 0.2% at 44,193.12. The broad-based S&P 500 gained 0.7% to 6,345.06, while the tech-rich Nasdaq Composite Index climbed 1.2% to 21,169.42, less than 10 points from an all-time record. Trump ordered an additional 25% tariff on Indian goods. The levy, which is expected to come into force in three weeks, is due to New Delhi's continued purchase of Russian oil. A new wave of Trump tariffs is due to take effect on Thursday on dozens of other economies. But Wednesday's gains suggest investors are becoming more inured to the levies. 'This is a market that's fueled by enthusiasm,' said Jack Ablin of Cresset Capital Management. 'Nothing has blown up yet. Perhaps the impact of tariffs won't be as great as investors originally feared.' Among individual companies, Disney fell 2.7% as it reported around a doubling of profits to US$5.3 billion and announced a series of new deals to boost its upcoming ESPN streaming venture. But McDonald's jumped 3% percent as it reported an 11% rise in profits to US$2.3 billion. While the fast food giant returned to sales growth at US stores, it warned that low-income consumers were cutting back amid financial pressures.
Yahoo
5 days ago
- Business
- Yahoo
Stocks leap on Palantir earnings but Goldman warns the U.S. ‘is near stall speed'—where the economy ‘weakens in a self-reinforcing fashion'
Palantir's blowout earnings, with revenue up nearly 50% and net income up 144%, are sparking a tech rally as investors bet on AI-driven headcount reductions. Broader markets show gains, buoyed by expectations of early Fed rate cuts and a decent Q2 earnings season. However, Goldman Sachs warns the U.S. economy is 'near stall speed' due to sharply declining job growth. Lurking in the background: Trump's war on the BRICS. Tech company earnings appear to be driving the stock markets upward today after Palantir delivered a massive quarter after the markets closed in the U.S. last night. S&P 500 futures were up 0.27% this morning, premarket. Europe and Asia were broadly up this morning, too. But lurking in the background, as always, are the big macro questions about whether President Trump's tariff deals have hobbled the U.S. economy in the long run. Palantir first: Revenues were up almost 50% to nearly $1 billion, beating expectations. Net income was $327 million, up 144%. CEO Alex Karp lifted guidance for Q3. The stock closed up 4% yesterday and rose another 5% in overnight trading. 'We're planning to grow our revenue … while decreasing our number of people,' CEO Alex Karp told CNBC. 'This is a crazy, efficient revolution. The goal is to get 10x revenue and have 3,600 people. We have now 4,100.' That prospect—the idea that tech companies can grow by replacing employees with AI—appears to have energized investors in tech stocks broadly. Palantir's call was 'eye-popping,' Wedbush's Daniel Ives said this morning. Look at the closing prices of this selection of tech darlings: Goldman Sachs reported that its Risk Appetite Indicator was above zero for July, indicating a general risk-on attitude for equities. Investors are also assuming that the U.S. Federal Reserve's next interest rate cut will come in September and not December, as previously assumed. The CME's Fed Funds futures market is showing an 88% likelihood of a cut in September and a 60% likelihood of a cut in October. Cheaper money = higher stock prices, of course. 'The mood has been helped by a decent Q2 earnings season so far,' Jim Reid's team at Deutsche Bank said this morning. In the long-term, there are obvious problems ahead. Goldman Sachs said today that new job creation—yes, the jobs number that was so controversial on Friday—is now so meager that the U.S. economy is in danger of stalling. 'Friday's jobs numbers reinforced our view that U.S. growth is near stall speed—a pace below which the labor market weakens in a self-reinforcing fashion. So far, the unemployment rate has only risen modestly, from an average of 4.1% in Q1 to 4.248% in July. But our estimate of underlying monthly job growth—which is based on moving averages of real-time gains in the establishment survey and the household survey—has plummeted from 206k in Q1 to just 28k in July, well below our 90k estimate of the current breakeven pace,' chief economist Jan Hatzius told clients. DOGE cuts knocked 0.3 percentage points from GDP growth in Q2, according to Pantheon Macroeconomics' Samuel Tombs and Oliver Allen. Their estimate for GDP growth was dragged down by 'an enormous 11.2% drop in federal nondefense spending, dragging down headline GDP growth by 0.3 percentage points,' they told clients. Coming down the pipe: More tariff deadlines. The average effective tariff rate for the U.S. is now around 19%, according to Piper Sandler, a rate that matches the 1930s: Trump has specifically targeted the BRICS countries (Brazil, Russia, India, China, South Africa, and allied regimes) for high tariffs. The China tariff deal—not yet done—is the big kahuna in all of this. If China also gets a high percentage rate, investors will downrate stocks, Chris Turner's team at ING told clients. 'An early extension of the currently benign trading conditions would very much be welcomed by the market. If not and the U.S. does ratchet up pressure on China again, then it would look like President Trump was opening up a new campaign on the BRICs nations after all,' they said. Here's a snapshot of the action prior to the opening bell in New York: S&P 500 futures were up 0.27% this morning, premarket, after the index closed up 1.47% yesterday. STOXX Europe 600 was up 0.3% in early trading. The U.K.'s FTSE 100 was up 0.35% in early trading. Japan's Nikkei 225 was up 0.65%. China's CSI 300 was up 0.8%. The South Korea KOSPI was up 1.6%. India's Nifty 50 was down 0.46%. Bitcoin remains above $114K. This story was originally featured on
