Monster Beverage stock falls after disclosing fight with Coca-Cola

Monster Beverage stock falls after disclosing fight with Coca-Cola
Monster Beverage Co. MNST, +2.04% shares dropped as much as 9% in after-hours trading Wednesday after the energy-drink company revealed that beverage giant and partner Coca-Cola Co. KO, +0.53% could compete with Monster if it can win an arbitration fight. Monster shares were trading higher after the company reported quarterly earnings, but sharply dropped after Chief Executive Rodney Sacks said... Read More

Alarm.com stock rallies more than 15% after earnings, outlook tops Street view

Alarm.com stock rallies more than 15% after earnings, outlook tops Street view
Alarm.com Holdings Inc. ALRM, +3.30% shares surged in the extended session Wednesday after the property monitoring company’s earnings and outlook topped Wall Street estimates. Alarm.com shares rallied 16% after hours, following a 3.3% rise to close the regular session at $47.25. The company reported a third-quarter loss of $7.7 million, or 16 cents a share, compared with $15.1 million, or... Read More

Trump Fires Attorney General Jeff Sessions

Trump Fires Attorney General Jeff Sessions
Just a day after the midterm elections, President Donald Trump has fired embattled Attorney General Jeff Sessions on Wednesday. Sessions, who faced repeated criticism from Trump for recusing himself from the investigation of Russian interference in the 2016 election, said in a letter he was submitting his resignation at the president’s request. In a post on Twitter, Trump revealed Sessions’... Read More

Square stock falls 6% after fourth-quarter outlook disappoints

Square stock falls 6% after fourth-quarter outlook disappoints
Shares of Square Inc. SQ, +6.96% fell more than 6% in the extended session Wednesday after the payments company reported better-than-expected third-quarter adjusted earnings and sales, but forecast fourth-quarter adjusted earnings below analyst forecasts. Square tweaked higher its 2018 guidance, and said it expects fourth-quarter per-share adjusted earnings between 12 cents and 13 cents, contrasting with Street expectations of an... Read More

Take-Two raises outlook after big ‘Red Dead Redemption 2’ launch

Take-Two raises outlook after big ‘Red Dead Redemption 2’ launch
Take-Two Interactive Corp. TTWO, +1.72% raised its financial forecast for the year Wednesday while reporting better-than-expected sales ahead of an expected windfall from the release of “Red Dead Redemption 2.” Take-Two had already announced that the new videogame had racked up more than $700 million in sales in its first three days of release, the second biggest launch in the... Read More

Stocks Rally As Midterm Election Results Match Expectations – U.S. Commentary

Stocks Rally As Midterm Election Results Match Expectations – U.S. Commentary
Stocks showed a significant move to the upside during trading on Wednesday, adding to the gains posted in the previous session. With the continued upward move, the Dow and the S&P 500 reached their best closing levels in nearly a month. The major averages ended the day just off their highs of the session. The Dow surged up 545.29 points... Read More

Dow, S&P 500 log best day in 3 weeks, surging after midterm elections and after ouster of AG Sessions

Dow, S&P 500 log best day in 3 weeks, surging after midterm elections and after ouster of AG Sessions
U.S. stocks on Wednesday registered the best day in weeks following midterm election votes that resulted in a split Congress, as expected, but removed a key source of anxiety for Wall Street investors. The Dow Jones Industrial Average DJIA, +2.13% rose 544 points, or 2.1%, at 26,179 (on a preliminary basis), marking the highest close for the blue-chip gauge since... Read More