?? Steve Cohen’s Point72 Asset Management is reportedly seeking to raise $1 billion
S&P 500 5,487.03 +13.80 (+0.25%)
Dow Jones 38,834.86 +56.76 (+0.15%)
NASDAQ 19,908.86 +6.11 (+0.03%)
Market close: June 18, 2024
Breaking News
Steve Cohen’s Point72 Asset Management is reportedly seeking to raise $1 billion to start a new hedge fund focused on artificial intelligence stocks. Market Watch reports.
(Source: Wikimedia Commons)
The Warm Up
CitiReg: Citi emphasizes regulatory fixes as it lays out growth targets. Reuters reports.
HyunSUVs: Hyundai to start manufacturing IONIQ 5 electric SUVs at new Georgia plant this fall. Yahoo Finance reports.
AmazonUnion: Members of the Amazon Labor Union voted to affiliate with the Teamsters. CNBC reports.
SnapAI: Snap launches AI tools for advanced augmented reality. Reuters reports.
NvidiaRally: Nvidia Corp. insiders have sold shares worth more than $700 million this year. Yahoo Finance reports.
VulnerabilityAlert: New Windows vulnerability poses major threat: hackers can infect PCs via Wi-Fi. Benzinga reports.
Tech Thursday
Here's how AI is transforming Disney, Spotify, and TikTok.
Artificial intelligence arrived in the French Riviera. The annual Cannes Lions International Festival of Creativity, a global gathering of creative communications and advertising pros, officially kicked off on the sunny beaches of Cannes, France. Here's the vibe on AI in the early going at Cannes Lions. Altogether, one gets the sense that AI could unlock new profit streams — either via innovation or lower costs — for public companies in the years to come. And quite possibly, higher stock prices.
Refer a Friend & Earn Together
Did you know that it pays to invite your friends to TradeZero? When they fund a new account with us, you'll both receive $100 USD. T&Cs apply.
Tuesday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on June 18.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $CMTL: Comtech Telecom
Total gain: 87.56%
The announced third quarter fiscal 2024 results and entered into new $222.0 million credit facility. Benzinga reports
.2. $ASNS: Actelis Networks
领英推荐
Total gain: 82.61%
The company announced a partnership with Carahsoft Technology Corp., a leading government IT solutions provider. Benzinga reports.
3. $DM: Desktop Metal
Total gain: 37.16%
The company announced the launch of Live Inspect? for analyzing and correcting errors in 3D printed parts. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
ASTL Algoma Steel Gr
4Q 2024
After Market Close Estimate: -0.010 Actual:
SWBI Smith & Wesson Brands
4Q 2024
After Market Close Estimate: 0.340 Actual: N/A
PEV Phoenix Motor
1Q 2024
After Market Close Estimate: N/A Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
8:30 am Initial jobless claims - June 15
8:30 am U.S. current account - 2Q
Extra-Time
Visit Our Knowledge Corner
Parting Thoughts
"In trading and investing, it's not about how much you make but rather how much you don't lose." – Bernard Baruch
Sourced in: "My Own Story" by Bernard Baruch, published in 1957