To The Moon

Grab shares surged 15.3% in premarket trading Tuesday as Q4 earnings approached.The Southeast Asian ride-hailing and food delivery company plans to announce its unaudited fourth quarter and full year 2024 results after the U.S. market closes on February 19, 2025.Analysts estimate Grab to post revenue of USD760.92M for 2024Q4, up 16.53% YOY; EPS is estimated to be USD-<0.01, swings to loss YoY.Previously, Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek

- President Donald Trump told Republican lawmakers that he plans to announce reciprocal tariffs as early as Friday, two sources familiar with the plans told Reuters.On the campaign trail, Trump promised to impose reciprocal tariffs on American imports equal to the rates that trading partners impose on American exports.The White House did not immediately respond to requests for comment.

Micron Technology reported fiscal Q1 non-GAAP earnings late Wednesday of $1.79 per diluted share, swinging from a loss of $0.95 a year earlier.Analysts polled by FactSet expected earnings of $1.76.Revenue for the quarter ended Nov. 28 rose to $8.71 billion from $4.73 billion a year earlier.Analysts surveyed by FactSet expected $8.71 billion.The chipmaker expects fiscal Q2 non-GAAP earnings per share of $1.43, plus or minus $0.10, and revenue of $7.9 billion, plus or minus $200 million. Analysts surveyed by FactSet project EPS of $1.91 on revenue of $8.94 billion.Shares of Micron Technology fell 10% in after-hours activity.

After last week's post-earnings sell-off, news around liquid cooling demand is helping the stock to bounce back strongly today.