?? Home Depot's Huge $18.25 Billion Bet
S&P 500 5,248.56 +44.98 (+0.86%)
Dow Jones 39,760.41 +478.08 (+1.22%)
NASDAQ 16,399.52 +83.82 (+0.51%)
Market close: March 27, 2024
Breaking News
Home Depot is acquiring specialty distributor SRS for $18.25 billion in a huge bet on growing home professional sales. CNBC reports.
The Warm Up
The Federal Trade Commission is investigating TikTok for its data and security practices. CNN reports.
The UK is regulating memes about crypto and other investments to curb scams from ‘finfluencers’. CNBC reports.
After the Baltimore bridge collapse construction workers from Guatemala and El Salvador are among the missing. ABC reports.
The largest U.S sportsbooks join forces to tackle problem gambling. CNBC reports.
Amazon loses its court fight to suspend EU tech rules' ad clause. Reuters reports.
NBC cut ties with Ronna McDaniel after facing extraordinary pressure. CNN reports.
Tech Thursday
Scientists turn to AI to make beer taste even better. Researchers in Belgium use artificial intelligence to improve taste, but say the skill of the brewer remains vital.
Whether you prefer a fruity lambic or a complex Trappist, Belgian beers have long been famed for their variety, quality and heritage. Now, researchers say they have harnessed the power of artificial intelligence to make brews even better. Prof Kevin Verstrepen, of KU Leuven university, who led the research, said AI could help tease apart the complex relationships involved in human aroma perception.
“Beer – like most food products – contains hundreds of different aroma molecules that get picked up by our tongue and nose, and our brain then integrates these into one picture. However, the compounds interact with each other, so how we perceive one depends also on the concentrations of the others,” he said.
Live Sessions Return Next Week
In observance of Good Friday: US equities and options markets are closed on Friday, March 29, 2024.
As a result, Live Sessions will kick back off with a full schedule of speakers on April 5.
Happy holidays.
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on March 27.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $iBIO: iBio
Total gain: (194%)
iBio and AstralBio announce a transformative AI drug discovery collaboration. Benzinga reports.
2. $CZOO: Cazoo Group
Total gain: (102%)
The stock appeared to be moving on no notable news.
领英推荐
3. $DXYZ: Destiny Tech100
Total gain: (88%)
The stock was moving today based on its public debut. InvestorPlace reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
BETR Better Home & Finance
4Q 2023
Before Market Open Estimate: N/A Actual: N/A
WATT Energous
4Q 2023
After Market Close Estimate: -0.85 Actual: N/A
WBA Walgreens Boots Alliance
2Q 2024
Before Market Open Estimate: 0.82 Actual: 1.20
Today’s Key Economic Dates
Time (ET) / Report / Period
8:30 am Initial Jobless Claims
8:30 am Gross Domestic Product (2nd Revision)
10:00 amPending Home Sales F
ebruary
Extra-Time
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Parting Thoughts
“Every trader has strengths and weaknesses. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.”
― Michael Marcus
Sourced in: FAMOUS TRADERS’ QUOTES By World Best Stories · 2022
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