Group 1 - GameStop Corp. experienced a temporary trading suspension due to high volatility, with shares dropping by 25% shortly after the market opened [1] - After the initial suspension, GameStop's stock continued to decline, falling by 29.48% to $34.41 at 9:54 am ET, prompting a second trading halt [2] - The sharp drop in GameStop's share price followed significant gains earlier in the week, where shares surged by more than 100% on Monday and Tuesday due to investor speculation and market dynamics [3] Group 2 - The extreme volatility in GameStop's stock underscores the unpredictable nature of the market, especially for stocks known for rapid and dramatic price movements [4]

Nio Inc (NYSE: NIO) is pushing further to the upside in premarket on Wednesday after a JPMorgan analyst removed his bear rating from shares of the electric vehicles company. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Nio stock receives an upgradeCopy link to sectionNick Lai expects battery as a service (BAAS) strategy of the EV firm to be a meaningful tailwind for its share price.  He upgraded Nio stock this morning to “neutral” and said:By succe ...

Artificial intelligence remains paramount for investors on Wednesday after Google announced its most powerful AI model to date. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Tech firms remain committed to AICopy link to sectionThe multinational introduced Gemini 1.5 Flash at its annual developers conference last night. The response time of its new artificial intelligence model is significantly better than the 1.5 Pro.  Also this week, OpenAI rolled ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Baidu Inc. is exploring a potential collaboration with Tesla Inc. to produce Tesla’s self-driving Robotaxi in China.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.This announcement was made by Xu Baoqiang, the general manager of Baidu’s autonomous driving vehicle unit, in a Weibo post on Wednesday. Baidu’s plan depend on Tesla’s market entryCopy link to sectionXu explained tha ...

Tomorrow, Walmart Inc, one the largest US multinational retailers in the world, reports its earnings for the first quarter of its FY 2025. And they’re more important than you might think – even if you’re not a Walmart investor.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why are Walmart earnings important?Copy link to sectionWhat many people don’t know is that Walmart is often considered by analysts to be a bellwether stock for the average American ...

Alphabet Inc (NASDAQ: GOOGL) has gained some 30% since its year-to-date low in early March but a KeyBanc analyst is convinced it’s not done pleasing its shareholders just yet.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Google stock could climb to $200Copy link to sectionJustin Patterson continues to rate $GOOGL at “buy” and sees upside in it to $200 which translates to another 18% upside from here. Alphabet announced Gemini 1.5 Flash – its most po ...

Core Insights - Petrobras, Brazil's state-controlled oil giant, reported a 38% year-over-year decline in Q1 profit and announced a reduction in its Q1 2024 dividend payout to 1.04 reais per share, totaling 13.45 billion reais ($2.6 billion), which is lower than analysts' expectations of $3.2 billion [1][2]. Financial Performance - The market reacted negatively to the dividend cut, with Petrobras shares declining over 2% during the morning session [2]. - Analysts from Citi highlighted concerns over capital allocation risk, a downward trend in oil prices, and implications for dividend and free cash flow yields [2]. Internal Dynamics - The reduction in dividends follows internal discord within Petrobras regarding cash reserve utilization, with previous disagreements between the board and government stakeholders [3]. - CEO Jean Paul Prates faced speculation regarding his tenure, as he advocated for distributing cash as a special dividend, while government representatives preferred retaining funds [3]. Strategic Focus - Petrobras distributed 50% of available cash as a special dividend, but concerns remain over its dividend policy and capital expenditures [4]. - The company plans to allocate more resources to renewable energy segments, including wind, solar, and biofuels, raising scrutiny over potential impacts on profitability and shareholder returns [4]. Market Sentiment - Despite a significant total return of over 450% since the COVID crisis low, Petrobras stock has struggled with resistance around $18, failing to maintain trading above this level [9]. - Long-term investors are advised to hold as long as the stock trades above $12.8, while new investors should wait for a weekly close above $18 before initiating a long position [10].

As Walmart Inc. (NYSE:WMT) gears up to reveal its Q1 2025 earnings on May 16, 2024, investors are eagerly awaiting insights into the retail giant’s performance. Amidst a flurry of projections and expectations, analysts have painted a mixed picture for Walmart’s upcoming financials.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Forecasts suggest revenue of $158.0 billion, adjusted EBITDA of $9.56 billion, operating profit of $6.56 billion, and earning ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Alibaba Group Holdings reported some truly concerning Q4 2024 financial results today before US markets opened.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.After a difficult quarter for the Chinese economy, as well as intensifying competition from online shopping rivals such as Temu, investors weren’t sure what to expect from the earnings – except that they would improve upo ...

GameStop Corp (NYSE: GME) is up another 50% in premarket on Tuesday as retail investors continue to pile into shares of the video gaming merchandise retailer.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Cole Smead shares view on $GME rallyCopy link to sectionWhile many have pulled off exceptional returns from return of the meme stock craze, the chief executive of Smead Capital Management continues to liken it to gambling.  He’s against participatin ...