Marketwatch,Trending stocks and more
Investors betting on a soft landing for the U.S. economy received another morsel of good news on Wednesday.
Fresh data showed that the U.S. economy grew at a 5.2% annual rate, the fastest quarterly growth rate since late 2021, when the country was following Covid-19 restrictions.
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Market Watch:
GameStop (GME):shares soared 25%
CrowdStrike (CRWD):stock rose 10%
General Motors (GM):shares jumped more than 9%
Okta (OKTA):stock fell 3%
Foot Locker (FL):stock jumped 16%
Workday (WDAY):shares rose more than 12%
Salesforce (CRM):shares rose 3%#TrendingNow pic.twitter.com/SeleBZ4ea0— The_Journalbiz (@the_journalbiz) November 29, 2023
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GameStop (GME): The shares soared 25%. Bullish GameStop call options in particular are seeing renewed volume, according to Cboe Global Markets data, as traders look ahead to the videogame retailer’s quarterly results next week.
CrowdStrike (CRWD): The stock rose nearly 10% after the cybersecurity products and services provider swung to a profit amid a surge in revenue in the latest quarter.
General Motors (GM): Shares jumped more than 9% after the car maker outlined plans for an accelerated $10 billion share repurchase for next year, its largest buyback in recent memory.
Okta (OKTA): Stock in the cloud software company fell 3% after Okta reported strong results and gave new details on a recent security breach.
Leslie’s (LESL): Shares of the Phoenix-based pool-supplies seller tumbled 17% after Leslie’s reported another quarter of sliding sales. Shares are already down 52% this year.
Foot Locker (FL): The footwear retailer reported better-than-expected third-quarter results, said Black Friday was strong, and raised its full-year sales outlook. Foot Locker stock jumped 16%.
Workday (WDAY): Shares rose more than 12% after the cloud-enterprise company raised its outlook for the year and reported higher-than-expected revenue in the third quarter.
Salesforce (CRM) will report results after the close. Its shares added more than 2%.
