Trending stocks, bonds and more
Stock indexes were up midday and on pace to extend Wall Street’s winning streak. Treasurys rallied, too, bringing down yields.
In global markets, UBS posted a larger-than-expected loss on costs related to taking over Credit Suisse. Saudi Aramco said profit dipped last quarter on lower oil prices.
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Marketwatch:
Uber Technologies (UBER): Shares fell about 2% in morning trading
UBS (UBS): Stock rose more than 3% in Zurich
Datadog (DDOG): Stock surged 25% in morning trading
TripAdvisor (TRIP): Stock jumped 9%. Strong results also buoyed stock in Vimeo (VMEO)#stockstowatch pic.twitter.com/AmLCTc4OrO— The_Journalbiz (@the_journalbiz) November 7, 2023
Uber, Carlyle Group and KKR were among the companies kicking off a busy day for U.S. results. EBay, Rivian Automotive and Robinhood Markets report after the market closes. Microsoft was on track for another record close.
Stocks Uber Technologies (UBER): The company reported its second-ever operating profit, saying both ride-hailing and food-delivery businesses grew in the third quarter. Shares fell about 2% in morning trading.
Today, trending stocks are:
UBS (UBS), (CH:UBSG): The Swiss bank posted a sizable net loss in its first full quarter combined with Credit Suisse, but said wealthy customers are flocking to it with new investments and deposits. UBS stock rose more than 3% in Zurich.
Datadog (DDOG): Stock in the cloud security company surged 25% in morning trading after Datadog reported better-than-expected results.
TripAdvisor (TRIP): The travel website operator reported higher-than-expected quarterly sales and earnings per share. TripAdvisor stock jumped 9%. Strong results also buoyed stock in Alteryx (AYX) and Vimeo (VMEO).
Carlyle Group (CG): Shares were roughly flat after Carlyle reported a sharp drop in quarterly revenue, reflecting the sluggish pace of dealmaking. Shares of private-equity rival KKR (KKR) edged higher after also reporting results.
Robinhood Markets (HOOD): The online brokerage is scheduled to post earnings after markets close, as are eBay (EBAY), Rivian Automotive (RIVN) and Lucid (LCID).
