Reported 27 days ago
Source: BARRONS
Reported 27 days ago
Embraer's Eve Air Mobility has secured a $50 million loan from Citibank to bolster its finances and aid in the development of its electric vertical take-off and landing (eVTOL) aircraft, intended for urban travel. This follows an $88 million credit line from Brazil's BNDES and a successful $95.6 million equity raise, bringing Eve's total liquidity to approximately $480 million. The eVTOL aircraft is projected to enter service in 2026, with nearly 3,000 potential orders already lined up.
Source: YAHOO
Reported 27 days ago
Humana Inc. projected a more optimistic outlook for 2024 after third-quarter earnings surpassed expectations, contrasting larger competitors dealing with medical cost issues. The company reported adjusted earnings of $4.16 per share, exceeding analyst forecasts, and raised its yearly profit expectation to at least $16 per share. Despite past challenges, including unexpected expense increases and declining Medicare quality scores, Humana aims to maintain profitability in 2025 as it plans investments to enhance operations. The insurer is also considering a potential merger with Cigna Group, indicating a strategic move in a challenging insurance market.
Source: YAHOO
Reported 27 days ago
Source: YAHOO
Reported 27 days ago
Shares of Alphabet surged after the company posted a strong Q3 earnings report, driven by growth in its cloud business, while AMD's stock fell following a Q3 performance that met expectations but weak guidance for Q4. Investors are also looking forward to earnings reports from Microsoft and Meta later today.
Source: YAHOO
Reported 27 days ago
Source: YAHOO
Reported 27 days ago
Source: INVESTORS
Reported 27 days ago
Advanced Micro Devices (AMD) saw its stock decline by 7.6% in after-hours trading following a weaker than expected fourth-quarter revenue guidance, although its third-quarter results slightly exceeded expectations. Despite the drop, AMD's management raised its forecast for 2024 AI chip sales to over $5 billion, up from a previous estimate of $4.5 billion, reflecting strong demand particularly in the data center segment. The company reported significant revenue growth year-over-year, driven by increased sales of GPUs and CPUs.
Source: YAHOO
Reported 27 days ago
This article highlights three exceptional dividend growth stocks—Costco, AbbVie, and Visa—that are ideal for long-term investment. Each of these companies has demonstrated strong revenue growth, competitive advantages, and a commitment to rewarding shareholders through consistent dividend increases. With impressive historical returns and solid financial foundations, they are positioned to continue delivering wealth for investors over time.
Source: YAHOO
Reported 27 days ago
Caterpillar revised its annual revenue projection downward due to decreased equipment demand in Europe and Asia/Pacific, as well as reduced stockpiling by North American dealers. Following a third consecutive quarter of declining sales, the company's shares fell 2.1%. The outlook is dimmed by concerns over high borrowing costs, economic uncertainty, and a downturn in the Chinese property market. Despite the challenges, executives remain optimistic about long-term demand buoyed by unspent infrastructure funds from Biden's 2021 law.
Source: YAHOO
Reported 27 days ago
The euro zone economy grew by 0.4% in the third quarter, surpassing expectations, but faces weak prospects due to potential trade wars, low consumer confidence, and ongoing industrial recession. While Germany showed signs of resilience, the overall growth remains below potential, and future challenges, including tariff threats from the U.S., could further hinder recovery, leading to predictions of continued stagnation.
Source: YAHOO
Reported 27 days ago
GSK has warned of a decrease in vaccine sales for 2024 following disappointing third-quarter performance for its RSV and shingles vaccines, leading to a drop in shares. The company now expects a low-single-digit percentage decline in vaccine sales, down from earlier growth projections. CEO Emma Walmsley highlighted recent challenges, including a narrowed age recommendation for RSV vaccines, but maintained confidence in the long-term prospects of its vaccines. GSK also recently reached a settlement to resolve lawsuits related to its Zantac heartburn drug.
Source: YAHOO
Reported 27 days ago
Source: WSJ
Reported 27 days ago
Reddit Inc. shares skyrocketed over 40% on Wednesday, hitting a record high after the company reported quarterly sales of $348.4 million, exceeding expectations. This marks the social network's first profitable quarter since its IPO in March. The strong performance is attributed to its investments in advertising technology and successful strategies to attract business clients. With optimistic projections for holiday sales, Reddit continues to enhance its advertising offerings and explore partnerships with AI firms.
Source: YAHOO
Reported 27 days ago
Source: BARRONS
Reported 27 days ago
Source: YAHOO
Reported 27 days ago
Ford Motor Co. has seen its stock drop about 8% this week due to issues in improving efficiency in its gasoline operations, critical for funding electric vehicle initiatives. CEO Jim Farley acknowledged quality and supplier challenges while confirming annual results would meet the lower end of projections. Unlike General Motors, which has pursued aggressive stock buybacks, Ford has focused on dividends, leading to investor dissatisfaction as it faces significant cost gaps compared to competitors. Analysts question when Ford will address these longstanding operational issues.
Source: YAHOO
Reported 27 days ago
Despite a seemingly robust economy and a record-high Nasdaq Composite this year, many investors find the current bull market 'weird.' Analysts point to a cognitive dissonance, as economic indicators suggest a soft landing, yet the dynamics of Big Tech earnings and external factors create uncertainty. Unlike previous bull markets, this one is influenced by a unique rate environment, which has surprisingly reduced interest payment burdens for non-bank corporations, fostering sustained expansion despite aggressive rate hikes. The ongoing economic growth continues to challenge traditional market norms.
Source: YAHOO
Reported 27 days ago
Currency volatility has increased sharply as investors prepare for the upcoming U.S. presidential election, which could lead to significant economic policy shifts. The implied volatility for the euro-dollar pair has reached its highest since March 2023, while sterling-dollar volatility also surged. Betting markets indicate a rising likelihood of a Trump victory, potentially impacting U.S. interest rates and the dollar's strength. The dollar index has climbed to a three-month high as anticipation builds ahead of the election on Nov. 5.
Source: YAHOO
Reported 27 days ago
AMD's third quarter earnings met analyst expectations for earnings per share and surpassed revenue predictions, but the company's Q4 revenue outlook of $7.2 to $7.8 billion fell short of Wall Street's $7.55 billion consensus, leading to a 9% drop in its stock price. The chipmaker reported adjusted earnings per share of $0.92 on revenues of $6.8 billion, driven by strong demand in its data center and client segments, but faced a steep 69% decline in its gaming segment. Despite these challenges, CEO Lisa Su emphasized growth opportunities ahead.
Source: YAHOO
Reported 27 days ago
U.S. stock indexes closed lower as investors reacted to disappointing chip stock performances, despite gains from Alphabet following its strong earnings report. The information technology sector suffered the most, while broader market sentiment was weighed down by concerns over upcoming corporate earnings and mixed economic indicators, including a GDP growth rate of 2.8% and a surprising surge in private payroll growth.
Source: YAHOO
Reported 27 days ago
AMD's stock plummeted 11% after the company announced lower-than-expected revenue forecasts, indicating slower growth in AI chip sales. Despite projecting over $5 billion in AI accelerator sales for the year, investors were hoping for a stronger performance compared to rivals like Nvidia. CEO Lisa Su reassured that AMD is increasing production and gaining customer trust, but supply constraints limit their growth potential. The company's third-quarter revenue rose 18% to $6.82 billion, yet concerns linger about the profitability of AI services and overall demand for their products.
Source: YAHOO
Reported 27 days ago
Stellantis, the parent company of Chrysler, is set to recall approximately 33,777 Ram 1500 pickup trucks in the U.S. due to potential issues with the electronic stability control system. The National Highway Traffic Safety Administration reported that damaged front wheel hub encoder rings could disable this crucial safety feature. Affected vehicles will be inspected and repaired free of charge by dealers.
Source: YAHOO
Reported 27 days ago
Trump Media & Technology Group's stock prices experienced significant fluctuations as they approached a nearly $54 level following a sharp rise, with trading briefly halted amid speculation on former President Trump's reelection chances. The stock, which was trading for less than $12 previously, reflects increased interest from investors betting on the political outcome as Election Day nears.
Source: YAHOO
Reported 27 days ago
UBS Group AG reported a net income of $1.4 billion for the third quarter, almost double analysts' expectations, driving shares to their highest levels since 2008, despite broader market uncertainties and regulatory risks on the horizon. The CEO warned about potential volatility due to geopolitical events, particularly related to the upcoming U.S. elections and declining global interest rates. While UBS is making progress in integrating Credit Suisse and cutting costs, the bank faces uncertainty regarding future capital requirements as the Swiss parliament investigates the Credit Suisse crisis.
Source: YAHOO