KB Home, Marvell chips, CrowdStrike: Top Stocks

📆 2023/09/22 3:12:00
📰 YahooFinanceCA

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Stocks are trading lower the morning after the Federal Reserve’s decision to hold rates steady at its September meeting. KB Home (KBH) shares dip in the early trading session despite the company’s third-quarter earnings beating estimates and raising its full-year outlook.  Marvell Technology (MRVL) shares are trading slightly higher amid reports that the company could replace Broadcom (AVGO) as Google’s (GOOG, GOOGL) key AI chip supplier. CrowdStrike (CRWD) shares are trading in the green after the company announced it is raising its subscription gross margins target while increasing its operating margin target. Yahoo Finance’s Brad Smith and Seana Smith take a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

-- Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.

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