Online Trading Platform Rises…
Attention Traders: Today is the day. Nate Bear is demoing his AI trading tool LIVE this afternoon. The event starts on Thursday, March 14th at 2 p.m. EST.
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks edged higher on Thursday. The US producer-price data was announced yesterday, which was the second inflation report this week before the Fed’s next policy meeting. Despite uncertainty surrounding rate cuts, the S&P 500 is setting new records in its longest stretch since 2018 without a decline of at least 2%.
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Here’s a look at the top-moving stocks this morning.
Robinhood Markets, Inc. (Nasdaq: HOOD)
Robinhood is up 11.60% in premarket after a significant increase in trading volumes reported for February. The company noted an increase in funded customers to 23.6 million and a 16% rise in Assets Under Custody to $118.7 billion, with net deposits reaching $3.6 billion for the month. This translates to a substantial annualized growth rate, indicating strong user engagement and financial inflow.
UiPath Inc. (NYSE: PATH)
UiPath is up 5.08% premarket after the U.S. Treasury Department announced a reduction in its borrowing estimate for the first quarter of 2024, which has been taken positively by the market. It also reported earnings of $0.22 per share, which beat the Zacks Consensus Estimate of $0.15 per share. The quarterly report represented an earnings surprise of 46.67%.