A quiet Monday saw the Dow slip and the Nasdaq barely green as traders braced for Fed minutes and Jackson Hole. Fresh IRS guidance unexpectedly eased the blow for solar and wind, igniting ENPH, RUN, FSLR and SEDG. Deal talk sent Dayforce rocketing, while Intel lagged on chatter of a potential U.S. government stake.
Shares of HR software provider Paycom (NYSE:PAYC) jumped 3.3% in the afternoon session after the stock gained on M&A speculation within the human resources software sector, following a report that private equity firm Thoma Bravo is in talks to acquire competitor Dayforce.
Shares of human capital management software company Dayforce (NYSE:DAY) jumped 27.6% in the afternoon session after reports emerged that the company is in advanced talks to be acquired by private equity firm Thoma Bravo. The news, first reported by Bloomberg, suggests a deal to take the Minneapolis-based human resources software provider private could be announced within the next few weeks. While a sale price wasn't disclosed, some reports valued the potential transaction at over $9 billion. The rally sent Dayforce shares on track for their biggest-ever one-day gain since going public in April 2018, making the stock a top performer in the S&P 500 index.
Intrigued by the market activity one hour before the close of the markets on Monday? Uncover the key winners and losers of today's session in our insightful analysis.
Dayforce shares skyrocketed 26% in Monday’s midday trade after reports suggested that private equity firm Thoma Bravo is in talks to acquire the human resources firm.
Curious to know what's happening on the US markets in the middle of the day on Monday? Join us as we explore the top gainers and losers in today's session.
The financial markets are abuzz with significant movements across various sectors, driven by a confluence of strategic investments, groundbreaking regulatory approvals, and the enduring influence of retail investor sentiment. From Warren Buffett's latest healthcare bet to the Trump administration's potential foray into semiconductor manufacturing, and a major pharmaceutical breakthrough, these
A number of stocks jumped in the afternoon session after the SaaS sector continued to rally as favorable inflation data bolstered hopes for a Federal Reserve interest rate cut. This optimism was largely driven by a benign July Consumer Price Index (CPI) report, which solidified investor expectations for a Federal Reserve interest rate cut. Following the release of the inflation data, which showed a year-over-year increase of 2.7%, the probability of a rate cut in September surged to over 96%. Lower interest rates are typically beneficial for growth-oriented technology stocks, as they can reduce borrowing costs and increase the present value of future earnings. Adding to the positive sentiment was a 90-day delay in the imposition of higher tariffs on Chinese goods, which reduced trade-related uncertainty for the technology sector.
A number of stocks jumped in the afternoon session after cooler-than-expected inflation data ignited investor optimism for a potential Federal Reserve interest rate cut. The July Consumer Price Index (CPI) report, an important measure of inflation, came in cooler than expected, showing prices holding steady at an annual rate of 2.7%. This data has led to speculation that the Federal Reserve might lower interest rates. For growth-focused sectors like SaaS, lower interest rates are particularly beneficial as they increase the present value of companies' future earnings, making their stocks more appealing.
Online payroll and human resource software provider Dayforce (NYSE:DAY) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 9.8% year on year to $464.7 million. On the other hand, next quarter’s revenue guidance of $439 million was less impressive, coming in 9.2% below analysts’ estimates. Its non-GAAP profit of $0.61 per share was 16.1% above analysts’ consensus estimates.
