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Buckle Shares Skyrocket After Beating Q3 Earnings; S&P 500 Inches Up

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U.S. stocks hit a mild high as the bell rang. Nasdaq Composite notched around 30 points higher on Friday.

The Dow, gadding 0.07% to 34,969.63 while Nasdaq climbing 0.21% to 14,142.80. The S&P 500 also sneaking up, gaining, 0.18% to 4,516.39.

Check This Out: Top 5 Health Care Stocks That May Collapse In November


Leading and Lagging Sectors


Energy shares surged by 2.4% on Friday.

In trading on Friday, communication services shares fell by 0.8%.


Top Headline


Shares of The Buckle, Inc. BKE gained more than 8% on Friday after the company reported better-than-expected third-quarter earnings.

Buckle reported a third-quarter FY23 sales decline of 8.7% year-on-year to $303.46 million, missing the analyst consensus estimate of $316.70 million. EPS of $1.04 beat the consensus estimate of $0.98.


Equities Trading UP


The Gap, Inc. GPS shares skyrocketed up 31% to $17.88 after the company reported better-than-expected financial results for the third quarter on Thursday.

Shares of Altamira Therapeutics Ltd. CYTO soared, shooting 259% to $0.3585. Altamira Therapeutics entered into a binding agreement to sell a 51% stake in its subsidiary Altamira Medica AG to a Swiss private equity investor as part of its strategic repositioning around its RNA delivery technology.

Twist Bioscience Corporation TWST shares were also up, gaining 29% to $24.64 following strong quarterly results.


Equities Trading DOWN


American Software, Inc. AMSWA shares collapsed 10% to $9.86 after the company reported second-quarter financial results and issued FY24 revenue guidance below estimates. Also, B. Riley Securities lowered its price target from $17 to $16 on the stock.

Shares of Bone Biologics Corporation BBLG were down 31% to $0.5385 after the company announced a registered direct offering priced at-the-market under Nasdaq rules.

ChargePoint Holdings, Inc. CHPT was down, falling 35% to $2.0375 after the company reported preliminary results and announced a management transition. The company appointed Rick Wilmer, who has been COO since July 2022, as its new president and CEO, effective Nov. 16.

Also Check This Out: Jim Cramer Has A ‘Problem’ With This Fintech Giant: ‘I Like The Mastercards And The Visas Now’




In commodity news, oil traded up 4.1% to $75.92 while gold traded down 0.2% at $1,983.70.

Silver traded down 0.5% to $23.815 on Friday while copper rose 1% to $3.7390.


Euro zone


European shares closed higher today. The eurozone’s STOXX 600 gained 1.01%, London’s FTSE 100 climbed 1.26% while Spain’s IBEX 35 Index rose 0.97% The German DAX rose 0.84% French CAC 40 rose 0.91%, while Italy’s FTSE MIB Index rose 0.82%.

The inflation rate in the Eurozone came in at 2.9% year-over-year for October, recording the lowest figure since July 2021. The Eurozone reported a current account surplus of EUR 40.78 billion in September versus a year-ago deficit of EUR 5.40 billion. Retail sales in the UK declined by 0.3% month-over-month in October versus a revised 1.1% decline in September.


Asia Pacific Markets


Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.48%, Hong Kong’s Hang Seng Index falling 2.12% and China’s Shanghai Composite Index gaining 0.11%. India’s S&P BSE Sensex, meanwhile, fell 0.3%.

Foreign direct investment into China fell by 9.4% year-over-year to CNY 987.01 billion during the first ten months of the year.




Housing starts in the U.S. increased by 1.9% month-over-month to an annualized rate of 1.372 million in October, while building permits rose by 1.1% to an annual rate of 1.487 million.

The total number of active U.S. oil rigs climbed by 6 to 500 rigs this week, Baker Hughes Inc reported.

Now Read This: How To Earn $500 A Month From Walmart Stock Following Strong Q3 Sales

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