It has been a gradual process, taking months for traders to comprehend the once-unthinkable notion of potentially no rate cuts in 2024. Now, the tables have turned as they entertain the possibility of another hike by the U.S. central bank. Shifting Perspectives The realization dawned following last week's consumer-price index for January surpassing expectations. Subsequently, … [Read more...] about Potential Fed Rate Hike Impact
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Krystal Biotech’s Surprise Profit
Shares of Krystal Biotech saw a sharp increase when the company reported an unexpected profit in the fourth quarter. The stock surged by 13% to reach $126, following a 10% decline year-to-date prior to the latest market close. Impressive Financial Performance Krystal Biotech, a commercial-stage biotechnology company, announced a profit of $8.7 million or 30 cents per share in … [Read more...] about Krystal Biotech’s Surprise Profit
Itron Stock Surges
Shares of Itron are soaring to a two-year high following the company's impressive fourth-quarter performance and optimistic first-quarter guidance that exceeded analyst expectations. Stock Performance The stock surged by 25% to $93.32 in premarket trading, marking a significant increase after remaining relatively flat year-to-date up until last week's market … [Read more...] about Itron Stock Surges
Trex Co. Sales Forecast 2024
Shares of Trex Co. saw a late increase on Monday as the company predicted escalating demand and double-digit sales growth for the year 2024. Stock Performance The stock experienced a significant 7.6% boost, reaching $102.07 during after-hours trading, following a 1.1% uptrend at the close of Monday. Over the past three months, shares have surged by approximately 38%. Sales … [Read more...] about Trex Co. Sales Forecast 2024
Lowe’s Fourth-Quarter Results
Lowe’s Cos. Inc. fell slightly short of its full-year outlook in its latest financial report, but its stock showed a slight increase in premarket trading. The company recorded net earnings of $1.0 billion for the fiscal fourth-quarter, translating to $1.77 per share, up from $957 million, or $1.58 per share, in the same period a year ago. Adjusted earnings per share came in at … [Read more...] about Lowe’s Fourth-Quarter Results
