• Feb 21, 2025

Ginnie Mae, Stalwart of Mortgage Market, Squeezed by DOGE

(Bloomberg) -- Ginnie Mae, a $2.7 trillion stalwart of the US home mortgage market, is the latest Washington agency targeted by Elon Musk.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsOver the past week, as much as a quarte

• Feb 21, 2025

Celsius (CELH) Stock Trades Up, Here Is Why

Shares of energy drink company Celsius (NASDAQ:CELH) jumped 39% in the pre-market session after the company delivered exceptional fourth quarter 2024 results, which blew past analysts' EBITDA, EPS, and revenue estimates, suggesting the struggles surrounding its controversy with Pepsi, where it oversold inventory to the behemoth, could be approaching the rearview mirror. Separately, the company announced its acquisition of Alani Nu, a popular up-and-coming energy drink brand. Zooming out, we thin

• Feb 21, 2025

Dropbox (DBX) Stock Trades Down, Here Is Why

Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth. Margins were a mixed bag. While GAAP gross margin saw a slight uptic

• Feb 21, 2025

Why The RealReal (REAL) Stock Is Trading Lower Today

Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) fell 17.7% in the afternoon session after the company reported underwhelming fourth-quarter 2024 results: its full-year EBITDA guidance missed significantly, and its number of active buyers fell slightly short of Wall Street's estimates. Revenue grew 14% year on year, fueled by a 12% increase in gross merchandise value (GMV), however, it barely scaled past Wall Street's estimates, evoking no excitement. Despite the growth concer

• Feb 21, 2025

Why Akamai (AKAM) Stock Is Trading Lower Today

Shares of web content delivery and security company Akamai (NASDAQ:AKAM) fell 20.3% in the afternoon session after the company reported weak fourth-quarter 2024 results, with next year's revenue guidance signaling a sharp deceleration in demand and falling short of Wall Street's estimates. Revenue grew just 3% year on year with security and compute solutions delivering double-digit growth, but these gains were overshadowed by an 18% drop in delivery revenue, the segment that historically generat

• Feb 21, 2025

Fed's QT pause, Treasury's debt plans may offer fleeting relief to US bonds

A potential slowdown of the Federal Reserve's balance sheet drawdown and Treasury Secretary Scott Bessent's assurance against imminent long-term debt hikes could offer relief in the near term to bond market jitters as fiscal concerns linger. Fed minutes from the January 28-29 rate-setting meeting released this week showed officials weighed a possible pause or slowdown of the Fed's balance sheet reduction, known as quantitative tightening (QT), as a binding government debt cap could complicate the central bank's ability to gauge market liquidity. Meanwhile, Bessent said in an interview with Bloomberg Television on Thursday that, for now, expanding long-dated government debt issuance is not on the table.

• Feb 21, 2025

Why RE/MAX (RMAX) Stock Is Nosediving

Shares of real estate franchise company RE/MAX (NYSE:RMAX) fell 11.9% in the morning session after the company delivered disappointing fourth-quarter 2024 results: its full-year revenue guidance missed significantly and its EBITDA guidance for next quarter fell short of Wall Street's estimates. Revenue declined 5.4% year on year as the company saw a 4.8% drop in U.S. and Canadian agent count. On the other hand, RE/MAX beat analysts' EPS expectations this quarter and its EBITDA outperformed Wall

• Feb 21, 2025

Why MercadoLibre (MELI) Stock Is Up Today

Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 12.7% in the morning session after the company delivered impressive fourth-quarter 2024 results, which blew past analysts' EPS and EBITDA expectations. In addition, its revenue and number of unique active users outperformed Wall Street's estimates. Drivers of the company's performance included better-than-anticipated TPV (total payment volume) growth, healthy adoption of its credit card offering, and fixed

• Feb 21, 2025

Why AMN Healthcare Services (AMN) Stock Is Trading Up Today

Shares of healthcare staffing company AMN Healthcare Services (NYSE:AMN) jumped 10.1% in the morning session after the company delivered exceptional fourth-quarter 2024 results, which blew past analysts' revenue, EPS, and EBITDA expectations. Revenue declined 10% relative to the previous year, though it was 7% higher sequentially. However, the Nurse and Allied Solutions segment, which includes travel nurse staffing, saw a steep 15% year on year decline, with travel nurse revenue plunging 35%. Lo

• Feb 21, 2025

Why Is BJ's (BJRI) Stock Rocketing Higher Today

Shares of american restaurant chain BJ’s Restaurants (NASDAQ:BJRI) jumped 10.9% in the pre-market session after the company delivered exceptional fourth-quarter 2024 results, which blew past analysts' same-store sales expectations, enabling it to post revenue and EBITDA beats. A big part of that came from strong guest traffic, thanks to promos like the Pizookie Meal Deal and holiday party offerings, which helped drive a 5.5% increase in comparable restaurant sales. Restaurant-level operating pro