24 hour trading takes another step
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 21 July 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
Figma looks to raise $330 million in IPO
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.9 | Good afternoon. Today is Monday, July 21st, and I'm your host, Kim Khan. Our top story so far, |
| 0:15.5 | Charles Schwab has expanded the list of securities available on its thinker swim platform for overnight trading. |
| 0:21.4 | It's another concrete step towards 24-hour stock trading, which, as you heard on Wall Street |
| 0:25.8 | Breakfast, the London Stock Exchange Group is reportedly evaluating. |
| 0:29.4 | Schwab's retail clients can now trade more than 1,100 securities, mainly exchange-traded funds, |
| 0:35.1 | 24 hours a day, five days a week. |
| 0:37.4 | Ameritrade, which Schwab acquired in |
| 0:39.0 | 2020, was the first U.S. retail broker dealer to make 24-5 trading available in 2018, |
| 0:44.9 | offering some two dozen ETFs in the overnight session. James Costulius, head of trading services, |
| 0:51.3 | says, since launching the broad availability of expanded overnight trading |
| 0:54.6 | earlier this year, we have seen tremendous client engagement and received great feedback, |
| 0:59.3 | and this further expansion is driven by what clients are telling us they want. The three |
| 1:03.2 | stocks most traded by Schwab clients in the overnight session since February are Tesla, |
| 1:07.5 | NVIDIA, and Neo. Other highly traded symbols in the overnight session include Microsoft, Apple, Amazon, and AMD. Among active stocks, Verizon raised its forecast for full-year profit and posted a massive top-line beat in its second-quarter earnings report. Verizon now expects adjusted earnings per share growth of 1% to 3% for 2025, up from the 0% to 3% previously provided. |
| 1:29.7 | The company also raised its full year adjusted EBITDA growth to 2.5% to 3.5% from 2% to 3.5% |
| 1:36.2 | cash flow from operations to 37 billion to 39 billion versus the estimate of 36.5 billion, |
| 1:42.3 | and free cash flow of 19.5 billion to 20.5 billion versus the estimate of 36.5 billion, and free cash flow of 19.5 billion to 20.5 billion |
| 1:45.8 | versus the estimate of 18.24 billion. Block is surging after S&P Dow Jones indices said it will |
| 1:52.3 | add the cash app parent to the S&P 500 index, replacing Hess, which is set to be acquired by Chevron. |
| 1:58.4 | The change will take effect on July 23rd. And Surrepta |
| 2:01.6 | therapeutics continued its slide after plunging 36% Friday. The decline follows the company's |
... |
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