Category Monthly Dividend

Boeing (BA) shares are slumping in early trading after a 787-8 aircraft was involved in an Air India plane crash early Thursday.

The Air India Flight 171, which was carrying 242 passengers, was departing the western Indian city of Ahmedabad for London Gatwick airport and crashed “after take off,” Air India said in a post on the X social media platform. It departed the Indian city at 1:38 p.m. local time, the airline said.

“We are in contact with Air India regarding Flight 171 and stand ready to support them. Our thoughts are with the passengers, crew, first responders and all affected,” a Boeing spokesperson said in a statement to Investopedia.

GE Aerospace, which provides engines for many Boeing aircraft, including the 787, said it is ready to support the crash probe.

“We have activated our emergency response team, and we are prepared to support our customer and the investigation,” the company said in a post on X.

Ahmedabad’s Police Commissioner G.S. Malik told The Associated Press that there were few signs of surviving passengers, noting that “it appears there are no survivors in the plane crash.”

The 787 model, popularly known as the Dreamliner, hadn’t had a fatal accident in its nearly 14 years in service, according to The Wall Street Journal.

Boeing’s reputation took a hit last year following a series of mishaps at its planes, including a door plug detaching in midair on an Alaska Airlines 737 Max 9 flight in January. Earlier this month, the plane maker agreed to settle a Justice Department case related to two fatal 737 Max crashes that claimed the lives of more than 300 people.

Boeing was the biggest decliner in the S&P 500 at the open Thursday, with shares falling more than 4%. Shares in other makers of Dreamliner parts also tumbled: Engine maker GE Aerospace (GE) shares are down 3%, and those of Spirit AeroSystems Holdings (SPR), which Boeing is in the process of reacquiring, are down 3%.

UPDATE—June 12, 2025: This article has been updated to include a comment from the Ahmedabad police commissioner and the latest share price information.

GameStop (GME) shares are dropping 17% in premarket trading Thursday, a day after the video-game retailer announced a new fundraising effort.

The company late yesterday said it was planning to offer $1.75 billion in convertible notes, with another $250 million open to those who buy in first. The announcement came a day after GameStop reported a 17% year-over-year decline in first-quarter sales, which caused shares to fall more than 5% in Wednesday trading.

The new convertible note offering aligns with the retailer’s previously stated plans to raise new money to allow it to buy bitcoin, after adding the cryptocurrency to its corporate investment policy in March.

Last month, GameStop disclosed that it had purchased 4,710 bitcoin, worth slightly more than $500 million at the cryptocurrency’s current price of roughly $107,000. GameStop said it plans to use the new funds for “general corporate purposes, including making investments in a manner consistent with GameStop’s Investment Policy and potential acquisitions.”

GameStop shares entered Thursday down about 9% since the start of the year.

Oracle (ORCL) are jumping in premarket trading Thursday, a day after the tech giant’s fiscal fourth-quarter results topped analysts’ estimates.

CEO Safra Catz said the company’s fiscal 2025 was a “very good year,” but said she believes fiscal 2026 “will be even better as our revenue growth rates will be dramatically higher.”

The report made several analysts more bullish on Oracle, as the average price target compiled by Visible Alpha is about $194, up roughly $20 from what it was on Wednesday morning, hours before the earnings report was released.

Oracle shares, which are up 8% at more than $190 an hour before the bell, are on pace to open at their highest level since $191.51 on Jan. 22.

Design software developer Adobe (ADBE) is slated to report fiscal second-quarter earnings after the bell Thursday, and investors are expecting a relatively modest share movement to follow.

Options pricing suggests traders anticipate Adobe stock to move about 6.6% in either direction the day after its earnings report. A move of that scale would lift shares to roughly $440, their highest level in three months, or drop them to about $386, a one-month low.  

Adobe shares slipped 0.8% to $412.84 on Wednesday. The stock is down about 7% since the start of the year.

Adobe stock has registered an average post-earnings move of 12.6% over the past four quarters, and fell in three of those instances. A 6.6% gain or loss on Friday would represent the stock’s smallest post-earnings move since December 2023. 

In March, shares dropped nearly 14% the day after Adobe reported record quarterly revenue but issued an outlook that underwhelmed investors. In December, it was a similar story: a worse-than-expected forecast sent shares tumbling more than 13%. 

Most analysts are bullish on Adobe’s long-term outlook. Of the 17 Adobe analysts tracked by Visible Alpha, 10 rate the stock a “buy,” six are neutral, and one rates it a “sell.” The average price target of about $477 is more than 15% above the stock’s closing price on Wednesday.

Morgan Stanley analysts earlier this week said investor concerns about Adobe’s long-term competitiveness and generative AI opportunity should help Adobe “step over a low bar” when results come out Wednesday. The bank assigns the stock an “overweight” rating and an above-consensus price target of $510.

Fintech firm Chime late Wednesday priced its initial public offering (IPO) at $27 per share, above the expected range, in the latest sign of a revival in new listings.

Chime is set to start trading Thursday under the ticker symbol “CHYM.” The online banking startup raised around $700 million from the sale of 25.9 million shares, while existing investors sold about 6.1 million shares for nearly $165 million.

Last week, Chime said the IPO price was expected to be between $24 and $26 per share.

IPO Market Has Been Picking Up Recently

Shares of companies that debuted recently, like USDC stable coin issuer Circle Internet Group (CRCL), Israel-based retail trading platform eToro (ETOR), and space and defense tech firm Voyager Technologies (VOYG), all soared in their first day of trading. 

In its prospectus last month, Chime reported 2024 revenue of $1.67 billion and a $62.2 million loss from operations. The company noted that it averaged $251 in revenue for each of its 8.6 million active members.

Most credit-card holders like their spending rewards in cash. 

Among the roughly 2,000 Americans recently surveyed by Bank of America, 70% said the best perk a credit card can offer is cash back. This preference was most pronounced among consumers who don’t pay an annual fee for their credit card, at 84%. About 75% of cardholders with an annual fee of under $250 ranked cash back as the top reward.

Card points and airline miles were also fairly popular rewards mechanisms, the survey found. But getting first dibs on concert tickets, access to exclusive events and other “lifestyle rewards” along with “airport lounge access, and discounts at specific retailers were not highly rated by respondents despite their prevalence in recent marketing,” Bank of America said. 

Consumers with premium cards—defined as those with an annual fee of at least $250—had different preferences. Just 33% of this group valued cash back most, while 52% had more appreciation for card points, the survey said.

The results challenge the idea that premium cardholders tend to be older, given that 19% of those surveyed were under 30, the analysts said. This group skewed higher-income and male, with 65% of the premium cardholders identifying as male, and 35% as female, the survey said.

Roughly 45% of credit cardholders reported having an annual fee of any size, which exceeded analysts’ expectations. The Consumer Financial Protection Bureau estimated in recent years that 15% to 27% of credit cards had an annual fee.

Oracle (ORCL) delivered quarterly results that topped analysts’ expectations and projected strong growth, sending shares higher in extended trading Wednesday.

Oracle shares jumped close to 7% in after-hours trading. The stock was up about 6% for 2025 through Wednesday’s close.

In its fiscal fourth quarter, revenue grew 11% year-over-year to $15.9 billion, above the analyst consensus. Adjusted net income of $4.88 billion, or $1.70 per share, rose from $4.61 billion, or $1.63 per share, in the year-ago quarter, also beating estimates.

The gains came as cloud infrastructure revenue jumped 52% to $3 billion, making it Oracle’s fastest-growing segment, though the figure was slightly short of Wall Street estimates.

CEO Safra Catz said Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026. Analysts had called for growth of 62%, according to Visible Alpha.

“FY25 was a very good year—but we believe FY26 will be even better as our revenue growth rates will be dramatically higher,” said Catz.

“Oracle is well on its way to being not only the world’s largest cloud application company—but also one of the world’s largest cloud infrastructure companies,” Catz added.

Shares of Voyager Technologies, a space and defense tech company that counts Palantir (PLTR), Lockheed Martin (LMT), and NASA among its clients and partners, soared in their first day of trading.

Voyager, which now trades on the New York Stock Exchange using the ticker “VOYG,” priced its initial public offering at $31 per share, above an estimated range of $26 to $29. The shares opened Wednesday at $69.75 before finishing just above $56. At its intraday high, the stock traded near $74.

Voyager sold more than 12 million shares in the offering, raising roughly $695 million in proceeds.

The Denver-based company reported a first-quarter net loss of $26.9 million on revenue that jumped over 14% year-over-year to $34.5 million, according to a filing with the Securities and Exchange Commission. NASA is its largest customer, accounting for over a quarter of the company’s revenue in 2024, the company said.

Voyager’s launch comes after a string of strong IPOs, suggesting improving investor appetite for new listings. Just earlier this week, shares of Circle (CRCL) more than doubled in its trading debut. Omada Health (OMDA) and Hinge Health (HNGE) also made debuts in recent weeks.

Major U.S. equities indexes ended the midweek session slightly lower.

Stocks failed to extend their rally even as the latest Consumer Price Index (CPI) report showed a lighter-than-expected uptick in inflation in May, while the U.S. and China announced a framework for implementing a trade deal.

The S&P 500 traded in positive territory for much of the day but lost steam on Wednesday afternoon. It closed with a loss of 0.3%, snapping a streak of three straight winning sessions. The Nasdaq was down 0.5%, while the Dow finished just a point below Tuesday’s closing level.

After securing the S&P 500’s top performance in the previous session, Intel (INTC) shares gave back most of their gains on Wednesday, tumbling 6.5% to record the steepest daily drop in the benchmark index. This week’s volatility for Intel stock came as trade talks between the U.S. and China boosted hopes for less onerous semiconductor export restrictions. Meanwhile, the chipmaker remains in the midst of a major restructuring effort under CEO Lip-Bu Tan, who has been focused on cutting costs through workforce reductions, divestitures, and other initiatives since entering the role in March.

Shares of steelmakers came under pressure following reports that the U.S. and Mexico are negotiating to scale back or cancel President Donald Trump’s 50% tariff on steel imports up to a certain volume. The North American neighbors are reportedly exploring a quota system that would allow a specific amount of the metal to enter the U.S. from Mexico duty-free or at lower rates, with excess amounts subject to the full 50% levy. Nucor (NUE) shares lost 6.1%.

Lockheed Martin (LMT) shares dropped 4.3% after reports indicated that the U.S. Department of Defense is cutting down on its orders for the aerospace and defense manufacturer’s F-35 fighter jets. Delays involving a technological upgrade have hampered the finalization of contracts for the F-35.

Warner Bros. Discovery (WBD) jumped 5%, climbing the most of any S&P 500 stock on Wednesday, as investors continue to evaluate the entertainment giant’s recently announced plan to split its studio operations and TV business into two separate companies. The stock has been volatile since the announcement, and uncertainties about the strategy remain.

Starbucks (SBUX) shares jolted 4.3% higher on Wednesday. The coffee giant announced the launch of Green Dot Assist, a virtual assistant powered by generative artificial intelligence (AI) that is designed to help baristas with in-store functions, from learning to make drinks to troubleshooting maintenance issues. The company’s CEO also said that Starbucks would accelerate its rollout of an updated staffing model across its stores and noted that the company has garnered significant interest regarding a possible sale of its stake in its China business.

Shares of GE Vernova (GEV), the energy technology company that spun off from General Electric in 2024, surged 3.9% after Bank of America boosted its price target on the stock. Analysts highlighted their expectations for growing electricity demand in the U.S. over the next 10 years. They noted that GE Vernova could be well-positioned to capitalize on its natural gas turbine market strength. BofA also pointed to upside potential for GE Vernova’s electrification business, anticipating strong demand for grid reliability equipment.

Broadcom (AVGO) shares gained 3.4%. In results released last week, the chipmaker reported record quarterly revenue, driven by a boom in AI semiconductors, prompting numerous analysts to raise their price targets on the stock. However, Broadcom issued a muted forecast for the current quarter, citing potential softness in its server storage, wireless, and industrial businesses, and its shares initially moved lower in the wake of the report. Despite these challenges, Broadcom expects AI revenue growth to remain robust, saying it could hit $5.1 billion in the fiscal third quarter.

Quantum Computing (QUBT) shares surged to their highest level since December on Wednesday, boosted by Nvidia CEO Jensen Huang’s bullish remarks about the emerging technology.

Shares of quantum computing companies shot higher after Huang said the industry is “reaching an inflection point,” adding that he expects quantum computing to be able to solve some interesting problems in the coming years. The Nvidia (NVDA) chief’s comments struck a more optimistic tone that earlier this year when he said the technology was 15 to 30 years away. 

Quantum Computing shares, which traded below $1 dollar a year ago, gained 25% on Wednesday to close at around $19, putting the stock back into positive territory for 2025. The company last month said it had finished construction of its Quantum Photonic Chip Foundry in Tempe, Ariz., and that it had deepened its engagement with both government and commercial partners amid growing interest in its photonic and quantum optics technology.

Below, we take a closer look at Quantum Computing’s chart and apply technical analysis to identify major price levels worth watching out for.

Rectangle Formation Breakout

After retracing to the 200-day moving average (MA), Quantum Computing shares trended higher before forming a rectangle, a chart formation signaling a continuation of the stock’s longer-term strong uptrend.

That move higher started earlier this week, with the stock breaking out from the formation on the highest daily trading volume since mid-December. Moreover, the relative strength index confirms bullish price momentum, though the indicator also flashes overbought conditions, potentially leading to short-term pullbacks.

Let’s point out two major overhead areas on Quantum Computing’s chart to watch if the stock continues to climb and also identify key support levels worth monitoring during future retracements.

Major Overhead Areas to Watch

Near-term strength could initially lift the shares to around $27. This area on the chart may provide overhead resistance near the stock’s prominent December peak.

Investors can project an overhead area to watch above the December high by using the measured move technique, also known by chart watchers as the measuring principle.

When applying the analysis to Quantum Computing’s chart, we calculate the percentage change of the uptrend that immediately preceded the rectangle and add it to the formation’s top trendline value. For example, we apply a 150% increase to $15, which projects a target of $37.50. representing nearly 100% upside from Wednesday’s closing price.

Key Support Levels Worth Monitoring

Retracements in the stock could see the price revisit support around $15. Investors would likely look for “buying the dip” opportunities in this area near the rectangle formation’s top trendline.

Finally, selling below this level could trigger a drop to $9. Quantum Computing shares find a confluence of support at this location near the upward sloping 50-day MA and a trendline that links a range of price action on the chart stretching back to last November.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.