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Stock futures are flat Thursday as traders digest earnings, latest data: Live updates – CNBC


12 Mins Ago

Hasbro ticks higher on better-than-expected earnings

Hasbro reported a stronger-than-expected quarterly profit, sending the stock up more than 1% in the premarket.

The toy maker earned $1.31 per share, beating a Refinitiv consensus estimate of $1.29 per share. The company’s revenue of $1.686 billion matched estimates.

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HAS rises after earnings

“We delivered our first billion-dollar brand in Magic: The Gathering and another record year at Wizards of the Coast and Digital Gaming, we grew key investment areas including licensing and direct to consumer, and we improved adjusted operating profit margin,” CEO Chris Cocks said in a statement.

— Fred Imbert

34 Mins Ago

Tripadvisor shares fall after Bernstein downgrade

Tripadvisor shares fell more than 2% after Bernstein downgraded the travel company to market perform from outperform, citing concern over its turnaround plan.

“This is going to be a steady multi-year roll-out and the end result seems more defensive than offensive with the aim of ‘long term steady profitable growth’, which is largely inline with the consensus view and below our previous expectations,” Bernstein said.

— Alex Harring

12 Hours Ago

Roku shares gain after earnings

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Roku shares 1-day

12 Hours Ago

We could be in the ‘early innings of a bull market,’ investor Victoria Greene says

There could be some strength in this stock rally, according to Victoria Greene, chief investment officer at G Squared Private Wealth.

“It’s ignoring the bond market, it’s ignoring the Fed, it’s ignoring fundamentals and it’s ignoring some of the economic data. All it’s focused on is rising on technicals,” Greene said Wednesday on CNBC’s “Closing Bell: Overtime.”

“And this does happen — early innings of a bull market, you always see the market run without any fundamental reason why,” she continued.

The investor made her remarks following a positive day for the major averages. Traders shook off a stronger-than-expected January retail sales report that could point to further tightening from the Federal Reserve. According to Greene, that suggests the rally “does have some legs.”

“The Fed is saying that they’re going to be hawkish, but the technicals are saying this rally is in, and I really don’t think we’re going to retest those October lows anymore, because we’ve hit some really important technical supports,” Greene said.

— Sarah Min

12 Hours Ago

Big jump for small caps in Wednesday’s session

The Russell 2000, the small cap benchmark, jumped 1.09% during regular trading on Wednesday, notching its third positive day in four – and outperforming the three major averages.

The index is also on track for a 2.2% jump week to date.

Personal finance site NerdWallet propelled the index, jumping an eye-popping 26% during the trading session. The company posted its latest quarterly results on Tuesday, beating analysts’ estimates on the top and bottom lines, according to FactSet. Guidance for first-quarter revenue also came in higher than Wall Street expected.

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Crypto names also buoyed the Russell 2000, with Silvergate Capital adding 28% and Marathon Digital gaining more than 18%. The crypto stocks surged alongside an 8% jump in bitcoin. The flagship cryptocurrency hit a high of $24,288, the highest level since Aug. 17.

Darla Mercado, Gina Francolla

13 Hours Ago

January producer price index report due Thursday morning

Investors are keeping an eye out for another inflation report: January’s producer price index. The data will be issued Thursday at 8:30 a.m. ET.

The producer price index measures the prices paid by wholesalers. Economists polled by Dow Jones anticipate that the metric gained 0.4% in January. Back in December, the index slipped by 0.5% for the month. Excluding volatile food and energy prices, economists predict that the PPI gained 0.3% in January, compared to December’s gain of 0.1%.

The PPI report should give investors further context around inflation, as well as a sense of how the Federal Reserve might chart the way forward for its rate-hiking campaign. Indeed, the consumer price index for January came in hotter than expected, while retail sales for that month smashed expectations.

Darla Mercado, Jeff Cox

13 Hours Ago

Stock futures open flat



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