Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.
Dow jumps as S&P 500 hits a record high. Trump pushes for rate cuts and cheaper oil, while rising jobless claims hint at economic softening.
U.S. stock index futures showed mixed trends, with Dow E-minis slightly up while S&P 500 and Nasdaq 100 E-minis were down. Investors focused on GE Aerospace's positive 2025 profit forecast and American Airlines' negative outlook.
Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
GE Aerospace (GE) is set to announce Q4 earnings, with analysts focused on engine deliveries, margins, and aftermarket growth outlook.
GE Aerospace is significantly overvalued, with a trailing P/E ratio of 40x and stretched fundamental comparisons vs. peers. Explore more details here.
General Electric (NYSE: GE) Q4 2024 Earnings Call Jan 23, 2025, 7:30 a.m. ET
Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
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The S&P 500 hit a high as part of a broad market rally with President Trump back in the White House. AI stocks leaped on the Stargate project. Netflix jumped on earnings.