Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
Shares of video sharing platform Rumble (NASDAQGM:RUM) jumped 2.9% in the afternoon session after its partner and major shareholder, Tether, announced plans to use the video platform to launch a new U.S. dollar-backed stablecoin, USAT, in the American market. The plan centered on Tether's partnership with Rumble, in which it held a 48% stake after a $775 million investment made in 2024. As part of the collaboration, Rumble planned to integrate a crypto wallet into its platform that would support USAT, with a launch expected by the end of the year. This initiative aimed to introduce the new stablecoin to Rumble's 51 million monthly active users, a move intended to accelerate the mass adoption of USAT in the United States.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
A number of stocks jumped in the morning session after investors scooped up equities, shaking off the initial concerns inferred from the Fed's dot plot, with tech stocks leading the charge.
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around.
Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.
A number of stocks fell in the afternoon session after markets pulled back, reversing early gains, as investor sentiment remained cautious despite a softer-than-expected inflation reading.
Companies that burn cash at a rapid pace can run into serious trouble if they fail to secure funding.
Without a clear path to profitability, these businesses risk dilution, mounting debt, or even bankruptcy.
The Russell 2000 (^RUT) is home to many small-cap stocks, offering investors the chance to uncover hidden gems before the broader market catches on.
However, these companies often come with higher volatility and risk, as their smaller size makes them more vulnerable to economic downturns.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Rumble (NASDAQ:RUM) and the best and worst performers in the digital media & content platforms industry.
A number of stocks jumped in the afternoon session after markets continued to rally as investor optimism grew for a potential Federal Reserve interest rate cut in September. This optimism was largely fueled by a recent consumer price index report that showed inflation easing, along with public comments from Treasury Secretary Scott Bessent advocating for a significant 50-basis-point rate cut. The prospect of lower borrowing costs tends to boost rate-sensitive sectors like Business Services, as it can encourage companies to increase spending on consulting, IT projects, and staffing.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 2.8%. This drop was disappointing since the S&P 500 climbed 5.4%.
Rumble shares traded higher Monday after the company reported Q2 results that showed revenue growth, improved operating efficiency, despite a continued net loss.
The potential share-exchange offer would allow Northern Data shareholders to receive newly issued Rumble Class A common stock in return for their holdings.
Video sharing platform Rumble (NASDAQGM:RUM) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 11.6% year on year to $25.08 million. Its GAAP loss of $0.12 per share was 80% below analysts’ consensus estimates.
