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Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Box (BOX) soaring on its first quarter earnings beat, Bank of Montreal (BMO.TO, BMO) topping estimates as higher lending income was one key component that boosted earnings, and Instacart (CART) — which operates as Maplebear, Inc. — taps Chris Rogers as its next CEO.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Nvidia is the stock to watch today. Shares are flat as Wall Street looks to the company's earnings report after the close today. Shares of cloud storage company Box jumping after beating expectations in its first quarter and raising its revenue forecast. Raymond James analysts raising their price target on the company to $42 from $38, citing momentum in Box's enterprise and fans suite. And shares of Canada's third largest bank by market cap, the Bank of Montreal, higher after topping Wall Street's estimates in its second quarter and raising its quarterly dividend. Earnings were boosted by higher lending income and smaller loan loss reserves. And Instacart, also known as Maplebear, appointing a new CEO after OpenAI snagged the company's former chief to be their head of applications. Instacart's new leader, Chris Rogers, joined Instacart in 2019, leaving Apple after 11 years. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.