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Elastic NV (ESTC) stock rose 21.8% in pre-market trading after reporting strong Q1 results and raising FY27 guidance. Other top gainers include WHLR, QNRX, AEMD, NA, SOLS, HYNE, GAP, AFRM, and ARKR. Top losers are BTAI, LGPS, FGL, HCWC, and KTCC.
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Affirm stock surged after beating Q4 expectations and issuing strong fiscal 2027 guidance, driven by robust GMV growth and expanding international partnerships.
Read original at benzingaMajor stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Read original at the-motley-foolFed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
Read original at benzingaUBS analyst Timothy Chiodo maintains Affirm Holdings (NASDAQ:AFRM) with a Neutral and raises the price target from $82 to $90.
Read original at benzingaGainers Gap (NYSE:GAP) shares rose 16.0% to $24.12 during Friday's pre-market session. The market value of their outstanding shares is at $7.4 billion. As per the press release, Q2 earnings came out yesterday. Ark
Read original at benzingaMajor M&A deals this week include: The Descartes Systems buys Tai, KKR nabs Ci FLAVORS, Skimmer Acquires Pool Builder Geek and Poologics.
Read original at benzinga