February 26, 2024 9:26 PM | 2 minute read
What are the most important earnings reports this year?
Gianni Di Poce provides an overview of what he considers to be the most important earnings report for the market today.Benzinga Insider Get his weekly expert insights and stock picks with his report Try it now for $0.99.
The major U.S. indexes finished negative on Monday, with the Dow Jones Industrial Average down 0.16% to end at 39,069.23, the S&P 500 down nearly 0.4% to 5,069.53 and the Nasdaq down 0.13% to end at 15,976.25.
Below are the top stocks that caught the attention of retail traders and investors throughout the day.
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Marathon Digital Holdings Co., Ltd. (NASDAQ:MARA) rose significantly, gaining 21.68% to close at $29.19. The stock price fluctuated between $24.41 and $29.82 throughout the day, and its 52-week range was $5.13 to $31.3. Bitcoin miners like Marathon Digital are riding that wave. Bitcoin's (CRYPTO:BTC) price has soared and the company is scheduled to release earnings after the market closes on Wednesday. At the time of publication, Bitcoin was trading at $56,455.83, up nearly 9.5% during the day.
Riot Platforms Inc. (NASDAQ:RIOT) also enjoyed gains, rising 16.97% to close at $17.37. The stock had an intraday high of $17.45 and a low of $14.89, with a 52-week range of $5.16 to $20.65. Riot Platforms, a company involved in Bitcoin mining, made profits as the price of the apex cryptocurrency rose.
Zoom Video Communications Co., Ltd. (NASDAQ:ZM) fell slightly, dropping 0.44% to close at $63.12. Intraday, the stock price ranged from $62.95 to $64.32, and its 52-week range was $58.87 to $76.98. Zoom's fourth-quarter profit exceeded expectations due to significant growth in enterprise customers and the introduction of Zoom AI Companion.
Hims & Hers Health Co., Ltd. (NYSE:HIMS) rose 7.67% to close at $10.25. Trading prices ranged from $9.67 to $10.29, with a 52-week range of $5.65 to $12.34. The company's fourth-quarter profit exceeded expectations due to strong subscriber growth and revenue growth.
tesla company (NASDAQ:TSLA) rose 3.87% to close at $199.4. The stock’s intraday range was $192 to $201.78, and its 52-week price range was $152.37 to $299.29. Tesla is set to begin construction of a Gigafactory in Mexico, an important step in its expansion strategy.
Photo by Jirapong Manustrong on Shutterstock
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What are the most important earnings reports this year?
Gianni Di Poce provides an overview of what he considers to be the most important earnings report for the market today.Benzinga Insider Get his weekly expert insights and stock picks with his report Try it now for $0.99.
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