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12 minutes ago
Find investment opportunities in bank stocks
Investor Bonawyn Ison said the plunge in bank stocks has created several opportunities for investors looking to get their hands on stocks.
Despite Monday’s drop in bank stocks, a CNBC contributor called KeyCorp-owned Fifth Third and KeyBank, deeming some of his top picks and names “operationally intact.” .
“5/3 is like a super-regional,” he told CNBC’s “Fast Money” on Monday. I don’t think about it from an operational point of view, there is that risk.”
— Samantha Soobin
15 minutes ago
Gitlab stock plunges after weaker-than-expected guidance
Gitlab stock plunged 31% after the open source software company announced a weaker-than-expected outlook. Earnings guidance for fiscal 2024 is $529 million to $533 million, according to Refinitiv, below his forecast of $586.4 million.
Otherwise, Refinitiv reports that the company beat the top and bottom lines in its fourth quarter results.
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Gitlab Share 1 Day
21 minutes ago
This technical analyst says Bitcoin has room to perform ‘a bit more’
According to Worth Chart’s Carter Worth, bitcoin still has room to spare even after a roughly 15% gain on Monday.
A technical analyst told CNBC’s “Fast Money” on Monday, noting that he sees Bitcoin at or slightly above the $28,000 level.
“The downtrend line is clear.
Bitcoin broke through the $24,000 level on Monday, last trading 14.7% higher at $24,191.75.
— Samantha Soobin
23 minutes ago
February CPI Data on Tuesday’s Deck
Investors will focus on February’s consumer price index, which is released on Tuesday. Economists surveyed by Dow Jones expect a 0.4% gain last month. This is down from his 0.5% gain the previous month.
— Sara Min
29 minutes ago
First Republic Bank shares rebound after hours
First Republic Bank shares surged about 17% in extended trading on Monday after falling 61.8% amid widespread fears of spillovers to bank stocks following the failure of Silicon Valley Bank.
Other bank stocks also rallied. The SPDR S&P Regional Banking ETF he rose 1.1% in long-term trading. KeyCorp shares he rose 5.8%.
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First Republic Bank Stock 1 Day
35 minutes ago
Stock futures open higher
Monday night US stock futures rose after the Dow Jones Industrial Average recorded a fifth day of declines. Traders also got ahead of a major inflation report due Tuesday.
Dow Jones Industrial Average futures were up 78 points, or 0.24%. S&P 500 and Nasdaq 100 futures were up 0.2% and 0.15% respectively.
— Sara Min
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