Instagram would have been successful even if Facebook founder Mark Zuckerberg had never purchased the photo-sharing app for $1 billion in 2012, co-founder Kevin Systrom said during the FTC’s landmark antitrust trial on Tuesday.Systrom, who was called to the stand by the FTC, testified that Instagram was experiencing explosive user growth prior to Zuckerberg’s acquisition offer. The 41-year-old also said he was confident Instagram could have eventually rolled out features like video and private messages with ...

Company Overview - Forge Global Holdings, Inc. (FRGE) shares increased by 41.5% to $12.30 in the last trading session, following a significant volume of shares traded, contrasting with a 6.3% loss over the previous four weeks [1] - The company signed a non-binding term sheet to acquire Accuidity Capital Management for $10 million in cash and 1.15 million common shares, with potential earn-outs of up to 1 million additional shares based on performance milestones through 2027, aimed at enhancing asset management capabilities [2] Financial Performance - Forge is expected to report a quarterly loss of $1.26 per share, reflecting a year-over-year change of +16%, with revenues projected at $25.04 million, a 30.2% increase from the same quarter last year [4] - The consensus EPS estimate for the quarter has been revised 4.6% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [5] Industry Context - Forge operates within the Zacks Financial - Miscellaneous Services industry, which includes other companies like Rithm (RITM), that experienced a 1.7% decline in the last trading session and a -12.8% return over the past month [5] - Rithm's consensus EPS estimate has changed +3.2% over the past month to $0.47, representing a -2.1% change compared to the previous year [6] Strategic Positioning - Forge has developed an integrated, technology-driven platform for private markets, with over $15 billion in transaction volume across more than 600 companies, enhancing trading, custody, data, and asset management capabilities [3]

Core Viewpoint - A class action lawsuit has been filed against Treace Medical Concepts, Inc for alleged securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - The lawsuit involves Treace Medical and certain officers and/or directors accused of engaging in securities fraud or other unlawful business practices [2]. - Investors who purchased Treace Medical securities during the Class Period can request to be appointed as Lead Plaintiff by June 10, 2025 [3]. Group 2: Financial Performance - On May 7, 2024, Treace Medical lowered its full-year 2024 revenue guidance from a range of $220 million to $225 million down to $201 million to $211 million [3]. - The company cited competition from minimally invasive osteotomy and Lapiplasty "knockoffs" as headwinds affecting Lapiplasty growth [3]. Group 3: Stock Market Reaction - Following the revenue guidance reduction, Treace Medical's stock price fell by $6.95, or nearly 63%, closing at $4.17 per share on May 8, 2024, with unusually high trading volume [4].

Group 1 - Kimberly-Clark's share price declined nearly 3% following an unwelcome change in guidance despite quarterly results that were not considered awful [1] - The company reported net sales of $4.84 billion for Q1 2025, a 6% decrease from Q1 2024, attributed to currency impacts and divestitures [2] - Non-GAAP adjusted net income fell by 4% year over year to $1.93 per share, with all three business segments experiencing declines in net sales [3] Group 2 - Kimberly-Clark cut its full-year guidance, now expecting adjusted earnings per share to be flat to slightly positive, with an anticipated $300 million in additional costs due to international trade disputes [4] - Previously, the company had expected profitability to rise by at least a mid-single-digit percentage rate [4] - The current trade situation is perceived as an excuse for the company's underperformance, indicating a need for more than just a stable trade environment to stimulate growth [5]

Core Viewpoint - Halliburton has warned of a potential earnings impact in the second quarter due to tariffs and reduced oilfield activity in North America, leading to a decline in its share price by approximately 6% [1][5]. Company Performance - Halliburton's shares fell to $20.62, reflecting a 6% drop after the earnings forecast indicated a 2 to 3 cents per share impact from trade tensions [5]. - The company reported a profit of $204 million, or 24 cents per share, for the three months ending March 31, down from $606 million, or 68 cents per share, in the previous year [12]. - First-quarter revenue was $5.42 billion, surpassing analysts' average estimate of $5.28 billion [12]. - North America revenue decreased by 12% year-over-year to $2.2 billion [7]. Market Conditions - U.S. crude prices are currently below $64 per barrel, with many companies indicating they cannot drill profitably if prices fall below $65, which negatively affects demand for Halliburton's services [2]. - The oilfield service sector is concerned that tariffs on imported steel and parts will disrupt supply chains and increase equipment costs [6]. Future Outlook - Halliburton's CEO noted that customers are evaluating their activity plans, which may lead to higher than normal white space for committed fleets and potential retirement or export of fleets to international markets [3]. - The company forecasts a 1% to 3% increase in revenue for its completion and production division in the second quarter, while drilling and evaluation division revenue is expected to be flat to down 2% [11]. - International revenue is projected to be flat to slightly down year-over-year, primarily due to reduced drilling and project management activity in Mexico [8].

Following the H20 effective shipment ban to China on April 15, Nvidia Corp NVDA stock has declined 14%, versus the PHLX Semiconductor Sector’s 8% and the S&P 500’s 4%.BofA Securities analyst Vivek Arya noted four key concerns pressuring the stock. They included China sales, AI Diffusion Rules, gross margin return to mid-70% by the fiscal second half amid multiple sales cuts and cost pressures, and cloud capex visibility into calendar 2026.Also Read: Nvidia’s Jensen Huang Meets Japanese PM To Discuss AI’s Gr ...

Core Insights - JR Research is recognized as a top analyst in technology, software, and internet sectors, focusing on growth and GARP strategies [1] - The investment approach emphasizes identifying attractive risk/reward opportunities with robust price action to generate alpha above the S&P 500 [1][2] - The investment group Ultimate Growth Investing specializes in high-potential opportunities across various sectors with a focus on strong growth potential and contrarian plays [3] Investment Strategy - The strategy combines sharp price action analysis with fundamentals investing, avoiding overhyped stocks while targeting battered stocks with recovery potential [2] - The investment outlook is typically 18 to 24 months for the thesis to materialize, aiming for robust fundamentals and attractive valuations [3] Target Audience - The group is designed for investors looking to capitalize on growth stocks with strong fundamentals, buying momentum, and turnaround plays [3]

NEWARK, N.J., April 22, 2025 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.63 per share dividend on the outstanding common stock of the company for the second quarter of 2025.All dividends for the second quarter are payable on or before June 30, 2025, to shareholders of record on June 9, 2025.About PSEGPublic Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission a ...

Boeing Co. BA is flying into earnings Wednesday morning before market hours, with turbulence already rocking the fuselage. Shares are down nearly 7% year to date, with a brutal 11% drop in the past month alone. Wall Street’s forecast for a $1.25 per-share loss in the first quarter isn't offering much hope.But a sudden tailwind Tuesday could help level out some of the descent.The stock got a boost after Boeing announced a $10.55 billion all-cash deal to sell chunks of its Digital Aviation Solutions biz to pr ...

Shares of the electric-vehicle (EV) company Tesla (TSLA 4.53%) traded nearly 5% higher, as of 2:26 p.m. ET today. The company will report its first-quarter earnings results after the market closes, followed by a conference call that will likely feature CEO Elon Musk.All eyes on MuskTesla already disclosed earlier this month that deliveries came in around 337,000 for the quarter, one of the worst showings in over two years, so investors aren't overly concerned about the numbers. Wall Street analysts are proj ...