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1ST Source (SRCE) and Fastenal (FAST) are two companies that shouldn't be overlooked ahead of their fourth quarter reports on Thursday, January 18.
There are big risks for JPMorgan, especially if the past examples of yield curve inversion come to pass even remotely. A return to the 200-day moving average is the best-case scenario for JPMorgan Chase. Investors may consider longer-dated covered calls to create some defense while matching best case upside for the stock.
The Magnificent 7 companies were the stars of the show in 2023. In the new year's first week of trading, the cohort proved slightly less magnificent.
Dallas Tanner, Invitation Homes CEO, joins 'Closing Bell Overtime' to talk the housing and rental markets in 2024.
Many investors continue to prioritize dividends when buying stocks, relying on the payments for income, particularly in retirement. To many investors, dividends provide a more reliable and consistent return than stock price appreciation, which is prone to market fluctuations.
HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its fourth quarter and full-year 2023 earnings release on Wednesday, February 21, after the close of U.S. financial markets. The company will conduct a conference call via live webcast, on Thursday, February 22, at 9 a.m.
PNC Financial Services Group saw delinquencies, total non-performing loans (NPLs) and net loan charge-offs increase during the fourth quarter. One notable contributor to the increase was the commercial real estate (CRE) portfolio, Robert Q.
Bob Chapek, a nearly three-decade Disney veteran who was ousted in 2022 as the media company's CEO, has been appointed to the board of directors of medical tech firm Masimo. The move comes during a dramatic series of events involving Masimo and Apple.
Wall Street analysts conduct plenty of research before deciding which stocks to recommend. It's part of their full-time jobs which makes them more present in the industry than most retail investors.
Sassine Ghazi, Synopsys CEO, joins 'Closing Bell Overtime' to talk its acquisition of Ansys for $35 billion and its regulatory timeline.
CHICAGO , Jan. 16, 2024 /PRNewswire/ -- Kellanova (NYSE: K) plans to issue its 2023 fourth quarter financial results at approximately 8:00 am EST on Thursday, February 8, 2024. The following documents will be available on the Company website https://investor.kellanova.com at 8:00 am EST: Press release, financial tables, GAAP reconciliations, prior periods' results recast for discontinued operations, and presentation slides.
Banxa Holdings Inc. (BNXAF) 2023 & Q1 2024 Earnings Call Transcript
Thomas Peterffy, Interactive Brokers Chairman, joins 'Closing Bell Overtime' to talk quarterly earnings.
NEW YORK--(BUSINESS WIRE)--Yext, Inc. (NYSE: YEXT), a leading digital experience platform, today announced that senior management will participate in fireside chats and host investor meetings at the following upcoming investor conferences: 26th Annual Needham Growth Conference: Michael Walrath, CEO and Chair of the Board, will participate in a fireside chat at the conference on Wednesday, January 17, 2024, at 3:00 PM ET. A live video webcast of the fireside chat will be available on the Yext In.
Walt Disney said on Tuesday it "does not endorse" the candidates nominated by activist shareholders in a preliminary proxy filed with Securities and Exchange Commission.
Apple Inc. may have given back the title of largest U.S. public company to Microsoft Corp., but it has just picked up a different crown for the first time.
The Supreme Court will not hear Apple's appeal in its legal battle with Epic Games. As Bloomberg News reported Tuesday (Jan. 16), the decision means that a 2023 appeals court ruling centered around the Apple App Store — one that could effect billions of the tech giant's revenue — will still stand.
TPG, a global alternative asset management firm, will make a strategic growth investment of up to $228 million in Sayari Labs, a counterparty and supply chain risk intelligence provider.
On Yahoo Finance's ""Good Buy or Goodbye"" segment, Tema ETF Founder Maurits Pot evaluates stock picks within the infrastructure and construction services sector. He spotlights Spanish construction giant Ferrovial (FER.MC) as a buy, while urging caution on contractor Mastec (MTZ).
USDA's final crop production report for 2023 year stunned grain markets, with corn farmers producing a record yield of 177.3 bushels per acre, comfortably eclipsing 2017's previous high of 176.7 bushels per acre. With market estimates in tatters, new futures contracts for corn are entering bear territory.
Waymo has the potential to be one of Alphabet's most important businesses in the next decade, as the self-driving industry has the potential to be one of the largest in the world. Waymo is currently the clear front-runner in the self-driving race, with a fully operational robo-taxi business and exponential growth in rider-only miles. The cautious approach and utilization of proven technologies have allowed Waymo to pull far ahead of competitors, with massive financial implications in capturing a fraction of the self-driving market.
With online grocery eating away at brick-and-mortar players' market share, Ocado Retail is seeing its revenue rise. The joint venture between British grocery technology company Ocado Group and United Kingdom-based multinational retailer Marks & Spencer announced Tuesday (Jan.
You couldn't take 10 steps at CES, the annual Consumer Electronics Show in Las Vegas, without hearing about AI. All the key players in the AI PC race were present last week in force, including Intel INTC, -0.13%, AMD AMD, +8.31%, Qualcomm QCOM, +0.66% and Microsoft MSFT, +0.46%.
PGIM Jennison Technology Fund Portfolio Manager Erika Klauer joins Ed Ludlow to discuss why the firm thinks Apple's business is "incredibly attractive," and why the PC segment is one to look for. She speaks on "Bloomberg Technology.
Microsoft is opening up its artificial intelligence assistant to consumers and making the corporate version available to smaller companies as it tries to increase the number of paying customers for the new services. Microsoft Executive Vice President and Consumer Chief Marketing Officer Yusuf Mehdi joins Ed Ludlow on "Bloomberg Technology.
In a post on X.com, owner of X.com and Telsa CEO Elon Musk (TSLA), claimed he was ""uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned.
30% ORR and 93% DCR across heterogenous second-line CRC patients treated with DKN-01 plus bevacizumab and chemotherapy Subgroup analysis reveals greatest benefit in left-sided tumors, particularly rectal and rectosigmoid patients with 46% ORR, 100% DCR, and preliminary median PFS of 9.4 months. Leap to host conference call to report additional clinical data including further subgroup analyses on Tuesday, January 23, 2024 at 8:30 a.m.
Shares of Spirit Airlines plunged nearly 50% Tuesday after a federal judge blocked JetBlue Airways' (NASDAQ:JBLU) plan to purchase the budget airline for $3.8 billion. The ruling is a win for the US Justice Department, which sued to block the merger on the grounds that it would increase fares by reducing competition in the discount airline market.
In a double whammy, the US Supreme Court refused to consider Apple's appeal in an antitrust suit challenging its lucrative App Store, while it is planning to remove its blood-oxygen feature from its latest smartwatches to get around a US ban of the devices if an appeal of the decision fails. Bloomberg's Mark Gurman joins Ed Ludlow on "Bloomberg Technology.
The lawsuit, originally filed in 2022, accused Meta of “secretly harvesting” biometric data from its users in violation of state law.
WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its first-quarter earnings release at approximately 5 p.m. ET on Tuesday, January 30, 2024. The company's live webcast with securities analysts will include an executive summary and detailed remarks. The live webcast will take place at 9 a.m. ET on Wednesday, January 31, 2024. Simultaneously, the company will post a slide presentation in the Investor Relations section of its website at http://investor.ashland.com .
Samsung's decade-plus reign as the king of the smartphone market is over. “The last time a company not named Samsung was at the top of the smartphone market was 2010, and for 2023 it is now Apple,” research group IDC said Monday (Jan. 15) in its annual report on the mobile phone market.
Penny stocks can offer tantalizing rewards for those willing to stomach the risks. Though most fail, the few that succeed can bring massive returns.
The consumer discretionary sector is overvalued by about 8% relative to a historical baseline. Nevertheless, the durables, apparel and consumer services subsectors show good value scores. Fidelity® MSCI Consumer Discretionary Index ETF is an alternative to the Consumer Discretionary Select Sector SPDR® Fund ETF for long-term investors.
With the looming merger between Kroger and Albertsons set to make it all the harder for smaller grocery chains to stand a fighting chance, delays due to ongoing pushback are giving those retailers more time to find their footing. The two grocery giants, along with divestiture buyer C&S Wholesale Grocers, announced Monday (Jan.
Hedge funds are specialized investment funds that aim to generate returns regardless of overall market conditions. Hedge fund managers tend to be skilled stock pickers, as they have the resources to conduct thorough research and analysis.
Phunware Inc (NASDAQ:PHUN) has revealed its plans for a stock offering to generate up to $7 million to help monetize its patent portfolio. The company, a leading provider of location based SaaS solutions, said it will issue and sell approximately 87,500,000 shares of common stock at $0.08 per share, following a definitive agreement.
HOUSTON--(BUSINESS WIRE)--Orion S.A. (NYSE: OEC), a specialty chemical company, today announced that the company will release its full year and fourth quarter 2023 results after the market closes on Wednesday, February 14, 2024, to be followed by a conference call on Thursday, February 15, 2024, at 8:30 a.m. (EST). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone.
The sale of the Haslam stake to Berkshire Hathaway comes after they settled a Delaware Chancery Court case over accounting of the value of Pilot Travel Centers.
Let's take a look at the screen and a few of the over 50 highly-ranked cheap stocks to consider buying in January.
Price targets can be helpful for investors, providing a more structured trading plan and helping to inject positivity surrounding future performance when raised.
Liz Young, SoFi, joins 'Closing Bell' to discuss market direction, her Fed expectations and more.
As we step into mid-January 2024, the world of Cannabis Real Estate Investment Trusts (REITs) offers a fascinating opportunity for investors. In general, these trusts specialize in owning and managing properties designed for the thriving cannabis industry. With the U.S. cannabis market expanding rapidly, these REITs stand out for those looking for high-yield dividend stocks. In the past year, the U.S. cannabis industry hit a remarkable $30 billion in market size, and it's expected to keep growing at a rate of 21% annually until 2030. Also, this booming growth makes cannabis REITs an attractive choice for long-term investment, especially with their dividends often being more generous compared to traditional REITs.
LOUDON, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its second quarter fiscal 2024 financial results on Tuesday, January 30, 2024, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day.
SÃO PAULO, Brazil, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (Nasdaq: LVRO; LVROW), the first U.S.-listed agricultural inputs retailer in Latin America, will issue its financial results for the fiscal first quarter 2024 earnings results after market close on Wednesday, January 24, 2024.
This company operates in the nearly $1 trillion advertising industry.
QuantumScape is developing solid-state batteries but hasn't yet been able to commercialize them. Its partner Volkswagen is reportedly in talks with a French battery maker.
Tilray (NASDAQ: TLRY ) reported its earnings last week, bringing in record-high quarterly net revenue of $194 million, up by 34% year-over-year. However, as The Motley Fool reports, much of the revenue growth was attributed to acquisitions, such as from Hexo and several beverage brands from Anheuser-Busch (NYSE: BUD ).
The RealReal has joined EON to make it easier for luxury customers to consign their goods. The collaboration between the luxury consignment brand and the digital ID company will see The RealReal (TRR) join EON Exchange, EON's app/partner/service ecosystem, the companies announced in a Tuesday (Jan. 16) news release provided to PYMNTS.
In the fast-paced world of tech investments, the quest for the next tech gem is akin to navigating a complex maze. As the tech landscape evolves, three standout stocks are positioned as potential game-changers with the capacity to double in value.
An improving economic picture helped fuel a rebound for Alphabet. The company was quick to join the AI revolution, further boosting its fortunes.
HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 199 dealerships located in the U.S. and U.K., today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023 on Wednesday, January 31, 2024, before the market opens. Daryl Kenningham, Group 1's president and chief executive officer, and the Company's senior management team will host a conference call to discuss the results later that morning at 10:00 a.m.
As gold grapples with resistance, this week's price action reveals a battle for direction. A breakout above 2,062 could pave the way for a bullish ascent towards record highs.
MILWAUKEE, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) will report its fourth quarter and full-year 2023 financial results and information relating to its quarterly and special annual dividend on January 30, 2024, at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management's earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial Officer C.J. Daley will host a conference call on January 31, 2024, at 1:00 p.m. (Eastern Time) to discuss the results.
LITTLETON, CO / ACCESSWIRE / January 16, 2024 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce that its Chairman and CEO, John Cash, will be participating in The Microcap Conference taking place at Caesar's Atlantic City Hotel and Casino on January 30-31 and February 1, 2024. In addition to holding one-on-one meetings, Mr.
Elon Musk is the richest man in the world and has control over three companies; Tesla (NASDAQ: TSLA ), X, and SpaceX. A single company faces constant threats that a CEO must always be aware of.
The Dow Jones Industrial Average is widely expected to continue to perform well in 2024. The index represents 30 of the most prominent U.S. firms that are considered to be the most important Equities within the New York Stock Exchange and the nasdaq.
Hercules Capital, Inc. is one of the largest BDCs in the U.S. with a market cap over $2.2 billion. HTGC focuses on lending and investing in VC-type businesses, which sets it apart from most other BDCs. Despite the inherent risks of VC exposure, HTGC has showcased an ability to outperform the market and has a solid portfolio structure (and quality).
In 2023, EV charging stocks had difficulty, led by ChargePoint (NYSE: CHPT ) which lost more than 75% of its value. ChargePoint saw its revenues fall by 12% during the most recent quarter with losses nearly doubling.
Investing in growth stocks has an excellent potential to increase your wealth in the long run.
In prior paradigms, the idea of eco-friendly stocks would probably have been met with ridicule, if not outright derision. Back in the good ole days, going green equated to tree hugging and granola bars.
SOUTH SAN FRANCISCO, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T™) products for cancer and autoimmune disease, today announced that it will participate in three upcoming investor conferences in January and February.
While digital innovation served as the backbone of last year's resilient market performance, investors moving forward may want to concentrate on top-rated tech stocks. Specifically, these ideas have the endorsement of Wall Street analysts who have pegged the enterprises as strong buys.
KIRKLAND, Wash., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the fourth quarter and year ended December 31, 2023.
“What we just want is good stability,” Nadella said during an event at the World Economic Forum.
DENVER, Jan. 16, 2024 (GLOBE NEWSWIRE) -- HTLF (NASDAQ: HTLF) today announced the company will host a conference call detailing its fourth quarter 2023 financial results at 5 p.m. ET on Monday, January 29, 2024.
Consumers and businesses always look for ways to get more mileage out of their money. Fintech companies can fulfill that objective with valuable products and features.
Guaranty Bancshares, Inc. (GNTY) Q4 2023 Earnings Call Transcript
For many biotech stocks, price and performance hinges on the success of a drug in testing. This means most biotech companies rely on one market opportunity to succeed financially.
The oil market has been on a roller coaster ride in the past few years, with prices fluctuating wildly due to various factors like pent-up travel demand post-COVID and geopolitical tensions between Western nations and Russia. Brent crude prices are now sitting around $78/bbl, well below where it was in mid-September 2023, above $90/bbl.
Speaking to Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland, Honeywell (HON) CEO Vimal Kapur is eyeing the conglomerate's ""next chapter"" focused on prioritizing growth across the company in 2024. Central to Honeywell's growth strategy, Kapur says there are three macro drivers that ""have a huge impact on all of us in our daily life"": aviation, automation, and the broader energy transition.
A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition.
Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed.
Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced that it has appointed Arnaud Goubely as its Head of Risk and Compliance. The company said that Goubely brings more than a decade of experience in risk management, compliance, and financial control to the position.
My dividend growth portfolio focuses on a select few companies. The watchlist plays a crucial role in guiding my investment decisions. I recently added Amphenol Corporation to my watchlist due to its strong position in the industrial sector. Amphenol Corporation, a leading global player in electronic components, follows a strategy emphasizing market diversification, technology solutions, and global expansion.
LOS ANGELES , Jan. 16, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 13, 2024, the Company will issue an earnings press release reporting its results for the fourth quarter of 2023, and will also file its annual report on Form 10-K with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's annual report on Form 10-K.
UBER aims to focus on its core Uber Eats business.
Eventbrite has added Instant Payouts and Tap to Pay to its event management and ticketing platform. These features aim to provide event organizers with enhanced financial flexibility and operational efficiency, the company said in a Tuesday (Jan. 16) press release.
If the will-it-or-won't-it game that the Federal Reserve is playing tips the hat toward monetary policy doves, then investors really ought to consider high-yield dividend stocks for falling interest rates. To be sure, recent consumer data shows that prices rose 0.3% higher than expected.
The excitement around artificial intelligence that fueled the U.S. stock-market rally last year is poised to translate into more real-world uses in 2024 as potential applications of the technology expand to a broader market, according to Deutsche Bank analysts.
Microsoft CEO Satya Nadella says he has no problem with partner OpenAI's governing makeup. His comments, as reported Tuesday (Jan. 15) by Reuters, came two months after the artificial intelligence (AI) startup briefly fired CEO Sam Altman.
AURORA, Ontario, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2023 RESULTS and 2024 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 9, 2024 8:00 AM ET DIAL IN NUMBERS North America Toll-Free: 1-800-621-4410 International Toll: 1-416-981-9010 Webcast: www.magna.com Slide presentation will be available on our website prior to the call REBROADCAST INFORMATION Replay available 2 hours after the call until February 16, 2024 North America Toll-Free: 1-800-558-5253 International Toll: 1-416-626-4100 Reservation No.: 22029006 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com 905-726-7108
The window of opportunity is closing for investors to capitalize on the cheap valuations of real estate investment trusts (REITs) before the Fed cuts interest rates. Despite inflation spiking in December, institutions like Goldman Sachs (NYSE: GS ) predict that there will be five rate cuts this year, with the first one beginning in March.
"It's a very serious situation and seems to be getting worse," Chevron CEO Michael Wirth said of the crisis in the Red Sea.
Friday's VettaFi Crypto Symposium had much to discuss, with the launch of 10 different spot bitcoin ETFs this week. The news has focused markets' attention once more on the many uses and potential of crypto investing, with the ETF wrapper potentially increasing access to the flagship cryptocurrency to more investors than ever before.
On this episode of the “ETF of the Week” podcast, Tom Lydon discussed the PIMCO Enhanced Short Maturity Active ETF (MINT) with Chuck Jaffe of “Money Life.” The pair talked about several topics regarding the fund to give investors a deeper understanding of the ETF overall.
With the SEC opening the floodgates to spot bitcoin ETFs last week, VanEck's Director of Digital Assets Product Kyle DaCruz thinks that interest in cryptocurrency products and bitcoin ETFs is “only going to spike.
The Milwaukee Company has issued two actively managed fund of funds that systematically adjust their asset allocations to enhance return and reduce risk. The Brinsmere Fund – Growth ETF (NYSE Arca: TBFG) and the Brinsmere Fund – Conservative ETF (NYSE Arca: TBFC) trade on the New York Stock Exchange.
Despite expectations for a recession in the second half of the year, markets were remarkably resilient in 2023. Inflation levels eased through most of the year, which enabled the Fed to pause its interest rate hikes.
As investors reposition small-cap exposure for the current environment in 2024, a quality approach is worth consideration. Small-caps offer significant growth potential; however, they also come with risk.
The owner of four Fatburger franchises in Los Angeles hiked menu prices, trimmed workers' hours and scrapped paid time off to offset an impending California law that raises the state's minimum wage for fast food workers to $20 per hour.
Sensata Technologies has been struggling despite its positioning in the sensor market. The company misses its guidance quite often, and earnings are quite adjusted. A low multiple and leverage being under control should provide for some comfort here.
A U.S. bankruptcy judge on Tuesday approved Core Scientific's Chapter 11 restructuring, allowing the bitcoin mining company to cut $400 million in debt and emerge from bankruptcy by the end of January.
The U.S. Food and Drug Administration (FDA) has approved Vertex Pharmaceuticals and CRISPR Therapeutics' gene therapy to treat a rare blood disorder requiring regular blood transfusions, in patients 12 years and older, Vertex said on Tuesday.
Burger King's owner is buying the chain's largest franchisee in a deal valued at $1 billion. Restaurant Brands International plans to invest $500 million remodeling 600 Burger Kings.
Valuation is important for both growth and value investors, and can impact returns and risk. Buying REITs when they are cheap relative to the S&P 500 has historically resulted in outperformance. REITs are currently cheaper than the S&P 500, making them a potentially better value investment.
Malcolm Ethridge, CIC Wealth, joins 'Power Lunch' to discuss three stocks including; Intel, Accenture and Chevron.
DOTHAN, Ala. , Jan. 16, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2024 first quarter results on February 9, 2024, before the market opens.
Plug Power (NASDAQ: PLUG ) stock has already plummeted by more than 30% in 2024, although shareholders will soon receive a much-needed update. On Tuesday, Jan. 23, the clean energy company will provide an annual business update through a conference call.
US bank earnings, with more than $1 trillion in market capital reported on the first day of the fourth quarter earnings season alone, support the view of Bank of America analysts for a continued re-rating higher of bank stocks. In a note to clients following the release of the latest financial reports from JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Company (NYSE:WFC) and Bank of New York Mellon Corp (NYSE:BK, ETR:BN9) on Friday, the analysts noted that their view was supported by improving earnings per share (EPS) visibility and the US economy avoiding a hard landing.
The U.S. government's suit to block JetBlue's acquisition of Spirit was successful, casting the future of both companies into doubt. JetBlue comes out better of the two sides, given the deal was expensive and the economic climate has softened since the deal was announced.
Burger King owner Restaurant Brands International will purchase the chain's largest franchisee, Carrols Restaurant Group, for a whopping $1 billion.
The PNC Financial Services Group, Inc. (PNC) Q4 2023 Earnings Call Transcript
Upbeat air-travel demand and falling operating expenses boost Copa Holdings (CPA).
CHARLOTTE, N.C. , Jan. 16, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer.
"In an industry dominated by ambitions to go all-electric using battery power, Hyundai (HYMTF) is opting to go all-in on hydrogen. The South Korean company unveiled its ambitions at CES 2024 in Las Vegas with a vow to own the entire hydrogen stack, from production and storage to transportation and utilization.
The green revolution is making our future look clean and green. IEA's new World Energy Outlook 2023 states that the world is set to change significantly by 2030.
Investors looking for big penny stock moves have seen some rather dramatic pops in key Trump-related stocks today. Phunware (NASDAQ: PHUN ) has seen a significant amount of buying interest, with PHUN stock more than quadrupling in today's session.
Jeep maker Stellantis (STLA) said that Europe's biggest car rental company, Germany-based Sixt, will purchase 250,000 Stellantis vehicles for use across Europe and in North America by 2026.
Spirit Airlines (SAVE) shares dumped more than 50% on Tuesday after a judge blocked its proposed merger with rival JetBlue (JBLU).
Microsoft Corp. (MSFT) Chief Executive Officer (CEO) Satya Nadella said at the World Economic Forum's (WEF's) annual meeting in Davos Tuesday that he's "optimistic" about the future of artificial intelligence (AI) as private companies implement safety measures and global leaders develop related standards and regulations amid safety concerns.
Synopsys Inc. (SNPS) stock jumped early Tuesday after the company announced a cash-and-stock acquisition of Ansys Inc. (ANSS) after a seven-year relationship in semiconductor design and simulation between the two.
Like other restaurant chains, Sweetgreen Inc. is exploring automation, in its case with its Infinite Kitchens that use robotic technology to assemble salads and bowls.
Alto Neuroscience, Inc. has filed for a $100 million IPO to develop treatments for brain and central nervous system conditions, although the final figure may differ. The company's lead candidate, ALTO-100, is in Phase 2 trials for major depressive disorder and post-traumatic stress disorder. The global market for depression treatment is expected to reach $16.8 billion by 2032, with the treatment for PTSD also a large market, driving demand for Alto's drug candidates.
The shares of Trade Desk Inc (NASDAQ:TTD) are down 4.3% at $64.06 at last glance, though there is no obvious catalyst for the negative price action.
Shares of PNC Financial Services Group Inc. (PNC) fell early Tuesday but later recovered as the bank's earnings slumped on a regulatory charge and costs for layoffs.
Is it a case of normalization, inflation, or simply a need for brands and retailers to put in extra effort to connect with consumers, particularly those who could become lifelong customers? PYMNTS explored this question amid the current slowdown in luxury retail.
Investing in U.S. land is an asset class that has grown in popularity in recent years. And, it's not just for Americans.
Rumble is sometimes considered a conservative version of YouTube. Trump stocks jumped in the wake of his victory in the Iowa Caucuses.
Shares of video game retailer and original meme stock GameStop Corp. are on pace to register their biggest daily percentage decline since early December.
Investing in gold stocks could be a great way to diversify an investment portfolio. Because it gives investors a sector that typically has separate price movement compared to others in the market and is based on a commodity.
There are a few interesting stocks making big moves in today's market that many investors are starting to pay attention to. One such company is DatChat (NASDAQ: DATS ), a small-cap secure messaging and social media platform.
VanEck Fallen Angel High Yield Bond ETF offers potential for higher returns with increased risk in the fallen angel bond market. The ANGL ETF's portfolio is well diversified across various sectors, including consumer cyclicals, technology, energy, industrials, and financials. When comparing ANGL with other similar ETFs, such as iShares Fallen Angels USD Bond ETF, ANGL has a longer track record and larger asset base, but the latter has a lower expense ratio and slightly higher yield.
Shares of the special-purpose acquisition company that has agreed to buy Donald Trump's media company shot up to a six-month high in active trading Tuesday, as the former president cleared his first hurdle to becoming the 2024 Republican nominee.
Sheryl Palmer, Taylor Morrison CEO, joins 'The Exchange' to discuss anticipated housing trends in 2024, home builder rates, and more.
Boeing Co (NYSE:BA, ETR:BCO) has been making steady, if not slow, progress in addressing some of the internal shortfalls that led to its current situation, Bank of America analysts believe. In an update to clients, the analysts reduced their target price on the stock to $255 per share from $275, while noting the MAX 9 issue will only put further pressure on Boeing management, as these incidents reflect less than expected progress on improving execution in the wake of the initial MAX grounding and COVID slowdown.
A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition.
Federal prosecutors in Manhattan and the SEC accused Morgan Stanley of betraying the trust of its clients by leaking non-public information and levied a $249 million penalty to end a multiyear probe into a dominant business in the bank's equities unit. Katherine Doherty has more.
Despite the AI boom, industry leader IBM has been left behind in terms of stock valuation, presenting a solid investment opportunity. Historical milestones in AI from IBM, including Deep Blue and Watson, showcase the company's enduring legacy and expertise in the field.
Universal Technical (UTI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
As investors, our job isn't to predict an unknowable future.
Limbach (LMB) is benefiting from the strong performance of the Owner Direct Relationships segment.
Disciplined sales trends, strong persistency, an improving rate environment and favorable risk experience poise Unum (UNM) for growth.
Amid high interest/mortgage rates, limited inventory is encouraging for the industry. Let's see whether KB Home (KBH) or M.D.C.
The new Bitcoin ETFs offer a convenient and cost-effective means for many investors to gain exposure to Bitcoin, with individual preferences influencing the choice between ETFs or direct cryptocurrency investment.
Solid free cash flow and encouraging tidings on the labor front boost UPS.
PNC Financial's (PNC) Q4 earnings gain from a rise in loan balances and an improvement in credit quality. However, higher expenses and lower NII act as headwinds.
EOG Resources is a top oil producer with a strong balance sheet and operating cash flow. The company has unveiled its Utica Shale Combo Play and suggests that it has similar potential to many of its prospects in the Permian. The company continues to improve its technique in the Permian and is executing its strategy there.
AMD is one of two major producers of graphics processing units, which were created for advanced computer games and are now key to artificial intelligence
Oil traders focus on China's economic problems and rising Treasury yields.
A federal judge in Boston found that JetBlue Airways can't complete its $3.8 billion acquisition of Spirit Airlines. George Ferguson has more.
Retired Admiral Kirkland Donald will lead a review of Boeing's quality management system and provide a report to CEO Dave Calhoun.
Demand for weight loss drugs and related stocks is high, with companies like Novo Nordisk and Eli Lilly experiencing significant returns. Omega Therapeutics may be a speculative investment opportunity in the weight loss drug market as it recently entered into a collaboration with Novo Nordisk. While initially spiking, OMGA's reaction to news of this collaboration has been relatively muted compared to NVO.
While 2025 is less than 12 months away, the full year is roughly 2 years in the future. That means investors today have roughly 24 months during which to produce returns.
Ruling marks victory for Biden government and its effort to preserve lower cost airline tickets for American consumers
Where does one look to find the best all-cap ETFs? The answer is trickier than you think.
CNBC's Phil LeBeau joins 'The Exchange' to report on Boeing's new quality control efforts.
While making investments, income-oriented investors seek stability, growth, and consistent returns. The article delves into seven high-yield dividend stocks.
Short-seller Cedar Grove argues that WeightWatchers can't win in a GLP-1 world. The stock has fallen sharply this year after Eli Lilly announced a new telehealth service.
The judge agreed with the Justice Department that the deal would eliminate a competitor important to price-conscious travelers.
The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin, and Sierra Space.
SAVE stock tanked Tuesday after a federal judge blocked JetBlue's $3.8 billion acquisition of Spirit Airlines.
MongoDB, Inc. (MDB) Presents at 26th Annual Needham Growth Virtual Conference (Transcript)
Last week's announcement that Hertz is selling 20,000 cars from its EV fleet continues to drag on EV stocks. High repair costs and low demand underlie Hertz's decision.
Investors paid careful attention to Apple (AAPL) and Microsoft (MSFT) at CES 2024 (Consumer Electronics Show) as, for a brief moment, Microsoft took over as the most valuable company for the first time since 2021. Microsoft has made a lot of ground for investment and development of AI, from purchasing OpenAI to the buzz around ChatGPT, while Apple has been grappling with weaker iPhone demand, especially in China.
Burger King-owner Restaurant Brands International is acquiring the largest franchisee of the fast food chain, Carrols Restaurant Group, for $1 billion in cash. Toronto-based RBI announced on Tuesday that it reached an agreement to pay $9.
Microsoft Corp (NASDAQ:MSFT) stock is 0.8% higher this afternoon to trade at $391.23.
The US government is investing billions to support domestic EV production, reduce reliance on China, and establish a local battery ecosystem. The Biden administration aims to achieve net-zero emissions by 2050, with EVs comprising half of new light-duty vehicle sales by 2030.
Biotech stocks, and the sector in general, saw a widespread beat down over the past two years. Venture capital dried up, post-pandemic healthcare landscapes shifted, and regulatory clampdowns tightened already-slim margins.
Boeing supplier Spirit AeroSystems will put in place additional inspections for its 737 fuselage production line following the mid-air cabin panel blowout of an Alaska Airlines 737 MAX 9 jet, Spirit's CEO said on Tuesday.
RXO, a provider of asset-light transportation solutions, has launched an artificial intelligence (AI)-powered check-in system for trucks arriving at warehouses and distribution centers. This visual AI technology aims to simplify the check-in and security process by utilizing video to identify trucks and extract image and video data, the company said in a Tuesday (Jan.
Shares of digital payments specialist PayPal (NASDAQ: PYPL ) suffered a conspicuous hit on Tuesday amid rising skepticism over its core business. Specifically, Mizuho analysts downgraded PYPL stock to “neutral” from “buy,” citing stiff competition in the buy now, pay later (BNPL) space.
Shares of medical aesthetics company Elevai Labs (NASDAQ: ELAB ) popped higher this morning following a key disclosure. Specifically, Elevai signed an exclusive, worldwide manufacturing and processing technology licensing agreement with INmune Bio (NASDAQ: INMB ) to manufacture stem cells.
The debut of spot Bitcoin exchange-traded funds was a “sell the news” moment for digital assets, along with Coinbase stock. Shares of the crypto exchange have dropped more than 20% so far in January.
The Goldman Sachs Group, Inc. (GS) Q4 2023 Earnings Call Transcript
How to best incorporate AI models, especially in the workplace, still controls discussions happening around the office and the C-suite. But the more companies lean into adopting artificial intelligence, the risks around this new tech remain blurry.
Small-cap stocks can help investors diversify from the S&P 500, which is heavily weighted to the largest U.S. tech players. Investors may imagine small-caps as up-and-coming companies focused on increasing their sales and taking market share from rivals, or ones facing binary events, such as drug trials, that can set up windfall profits.
Traders reduce their bets on dovish Fed, which is bearish for precious metals.
Musk says he is not comfortable with Tesla becoming market leader in AI and robotics without at least 25% voting control
Advanced Micro Devices Inc.'s stock is closing in on its record closing high amid a sharp Tuesday surge that reflects growing optimism for the company's opportunities in artificial intelligence.
Philipp Schindler, Google's chief business officer, circulated a memo announcing that "several hundred" employees would be out of a job.
Spirit Airlines' stock plunged as much as 60% on Tuesday following news that a federal judge blocked its $3.8 billion acquisition at the hands of JetBlue Airways, scoring a win for the Justice Department, which sued JetBlue last year to stop the acquisition on antitrust grounds.
Tesla (TSLA) lowers the prices of both versions of Model 3 and two versions of Model Y in China to maintain its competitive edge amid fierce competition.
Here, we discuss some reasons why investing in Blueprint (BPMC) stock now may turn out to be a more prudent move than ever.
Molina Healthcare (MOH) is likely to keep growing on the back of increases in investment income and Medicare premiums.
Growth in the Latin America and Asia regions is expected to buoy Marsh & McLennan's (MMC) results.
Taiwan Semiconductor's (TSM) fourth-quarter 2023 results are expected to reflect gains from its robust technology portfolio amid macroeconomic challenges.
Infinera (INFN) and Orange collaborate to upgrade the AMITIE subsea cable with INFN's GX Series-based ICE6 coherent solution.
Crocs (CROX) gains from solid consumer demand across the Crocs and HEYDUDE brands, along with lower inbound freight costs.
The China lithium carbonate spot prices look to be approaching a bottom after falling 80% from its high. Several higher cost lithium mines are shutting down or reducing production. This typically leads to less supply, price stabilization and potentially some price recovery as demand grows. Consider buying quality lithium stocks as many are near their 52-week lows and well below analyst's price targets as summarized in the article.
DICK'S Sporting (DKS) strategic efforts, including store-related efforts, appear encouraging.
Acuity Brands (AYI) benefits from product innovation and inorganic moves. However, high costs and a volatile business environment are a concern.
Thermo Fisher (TMO) will likely gain from strong Analytical Instrument business performance and the latest strategic pacts.
Does Vertiv Holdings Co. (VRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Does CBOE Global (CBOE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Syros Pharmaceuticals, Inc. (SYRS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Blueprint Medicines (BPMC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SJW (SJW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Does Fusion Pharmaceuticals Inc. (FUSN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Does Logitech (LOGI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Does GoodRx Holdings, Inc. (GDRX) have what it takes to be a top stock pick for momentum investors? Let's find out.
First Horizon (FHN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Leonardo DRS, Inc. (DRS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Procter & Gamble (PG) is navigating market challenges and leveraging growth opportunities in fiscal 2024, showcasing robust sales in key divisions and innovative ventures like Ninjamas.
Mastercard (MA) partners with stc pay and tiqmo to make use of its innovative payment solutions suite to enable businesses and consumers of the Middle East region to easily adopt digital means.
Epam (EPAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Arch Capital (ACGL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CME (CME) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
A.O. Smith (AOS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Datadog (DDOG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Eaton (ETN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Ally Financial (ALLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Agnico (AEM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Scorpio Tankers (STNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
PacBio's (PACB) new offering, PanDNA kit, is likely to help researchers effectively extract DNA optimized for HiFi sequencing. This versatile Nanobind kit is expected to be available in February 2024.
Canadian National (CNI) fourth-quarter 2023 revenues are expected to have been weighed down by lower volumes of intermodal, crude oil and forest products.
GoodRx Holdings, Inc. (GDRX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Goldman's (GS) Q4 earnings gain from strong revenues in the Asset & Wealth Management division and lower provisions.
Reinsurance Group (RGA) is set to grow on the strength of increase in new business, favorable longevity experience, business expansion in the pension risk transfer market and a solid in-force business.
Roche's (RHHBY) subcutaneous formulation of immuno-oncology drug Tecentriq receives EC's approval for all approved indications.
A federal judge blocks the merger of JetBlue and Spirit Airlines.
Freightos, a vendor-neutral booking and payment platform for the international freight industry, reported record transactions for the fourth quarter of 2023. The company recorded 286,900 transactions in the fourth quarter, marking the 16th consecutive quarter of record transactions on its platform, Freightos said in a Tuesday (Jan. 16) press release.
Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024.
For Goldman Sachs, the narrowing of focus continues. And in the latest earnings report, released Tuesday (Jan. 16), the Wall Street firm detailed its progress toward jettisoning some of its credit card operations, selling GreenSky and moving away from its once-lofty Main Street banking ambitions.
Japan's Sumitomo Corporation might get in on the M&A action.
Despite modest growth rates, Accenture plc's strong cash flows and (near) debt-free status enable a focus on returning capital to shareholders. Strategic investments in generative AI, cloud capabilities, and global acquisitions position Accenture for future success. Accenture's commitment to capital returns, coupled with a forward run-rate of approximately $9 billion in free cash flow, positions the company as an attractive investment.
Oil prices have shot up in the first two weeks of 2024 as a series of missile and drone strikes in the Red Sea throw a curveball in the international oil market, though analysts are skeptical the rise in oil prices will translate into an increase drivers see at the pump.
Do low expectations for Apple make its stock a bargain?
Worldline has lined up bankers to advise on a defence strategy in a bid to reassure shareholders and avoid a hostile takeover in the wake of a share price slump, two people with knowledge of the matter told Reuters.
This earnings season promises to be an interesting one. A lot is hinging on upcoming earnings, considering company reports set the stage for 2024 while acting as an official close to 2023's holiday shopping season.
CNBC's Phil LeBeau reports on a judge's decision to block a merger between Spirit Airlines and JetBlue.
G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) has analysts bullish on the company following its positive progress update on its Tocantinzinho gold project in Brazil. The company announced that the project is on time and on budget to commence first production late in the first half of 2024 and commercial production in the second half of the year, with construction 76% completed.
NIO Inc., a Chinese company specializing in smart electric vehicles, has experienced a significant decline in its stock price. The company plans massive layoffs, which could lead to a reduction in costs and potentially sooner-than-expected EBIT breakeven. NIO has entered into partnerships to expand its battery-swapping infrastructure and improve profitability, but the market has largely ignored these positive developments.
The U.S. Supreme Court on Tuesday declined a request to hear an antitrust dispute between Apple Inc. and Epic Games Inc., the publisher of Fortnite, in what amounts to a pyrrhic victory for Apple.
Plug Power issued the dreaded "going concern" notice in its last quarterly report. The CEO and CFO will provide a fresh business update next week.
Stephanie Link, Hightower chief investment strategist, joins CNBC's 'Halftime Report' to share her latest buy.
JetBlue's proposed $3.8 billion purchase of discounter Spirit would have produced the country's fifth-largest airline.
Growth stocks rebounded nicely in 2023 after a disappointing 2022. However, some growth stocks overextended themselves and look due for corrections in 2024.
The Market is red across the board. The Investment Committee searches for opportunities and debates whether the bull case for stocks is still intact.
China reported its 2023 GDP growth figure early. Regulators have also been telling institutional investors not to sell Chinese stocks.
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to share her latest bank trades.
With the Federal Reserve's continued higher for longer interest rates, the economy has slowed to a pace at which it may reach its target inflation goal of 2%, without triggering a recession. Many on Wall Street are now all but sure that this will allow for a soft landing, but is there more at play?
SAN DIEGO, California, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Heritage Global, Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, announced today that Ross Dove, Chief Executive Officer, will be presenting at the upcoming Sequire Investor Summit 2024. Mr. Dove will be presenting on Wednesday, January 24 at 11:00am local time and will be available for one-on-one meetings on Wednesday, January 24 and Thursday, January 25. This highly anticipated event, scheduled for January 23-25, 2024, at Condado Vanderbilt Hotel in San Juan, Puerto Rico, promises to offer an array of exciting opportunities for funds, companies, and investors.
Microsoft (MSFT) shares rose in early trading Tuesday after the company announced an expansion of its Copilot features and a $1.5 billion partnership with Vodafone (VOD) as part of the tech giant's artificial intelligence (AI) push.
U.S. equities started the shortened trading week lower at midday as the yield on the 10-year Treasury note jumped above 4% amid concerns that expectations of Fed rate cuts this year might be overblown. The Dow, S&P 500, and Nasdaq were all lower.
Ryanair on Tuesday welcomed improved quality controls at US aircraft manufacturer Boeing and announced its own enhanced checks, after a major safety issue.
The CEO of Fortnite-maker Epic Games said Tuesday the company's court battle to open up Apple's iPhone to alternative app stores was lost after the US Supreme Court declined to hear the case.
iShares China Large-Cap ETF has underperformed leading U.S. stock market indices, falling 15.09% in 2023. China's weak economy and geopolitical tensions have led to investors shunning Chinese equities. If geopolitical factors stabilize, there could be a flow of money into Chinese stocks, presenting a potential opportunity for investors.
The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.
The Supreme Court on Tuesday refused to consider appeals from both Apple and Epic Games contesting antitrust rulings in an ongoing legal battle between the two companies that could cost the iPhone maker billions.
Mid-cap investing can be a strong option, offering a unique balance between growth and stability, diversification benefits and potential for undervalued opportunities.
Adaptimmune (ADAP) surges on the completion of the rolling submission, with the FDA seeking approval for its most advanced pipeline candidate as the first engineered cell therapy for solid tumors.
Koppers' (KOP) rally reflects a solid financial performance, driven by impressive growth in the Railroad and Utility Products and Services and Performance Chemicals segments.
SLB's earnings in Q4 are likely to have been affected by lower pretax segment operating income for Digital Integration.
Alamos Gold (AGI) signs a definitive agreement to acquire Orford to add high-prospective projects to its portfolio.
Yum China (YUMC) focuses on an innovative digital ecosystem to adapt to changing market conditions and create long-term shareholder value. However, inflationary pressures are a concern.
Investors are optimistic about Bruker (BRKR) on solid prospects of BSI Nano group and raised guidance.
Abercrombie's (ANF) innovative strategy and global focus are driving its growth and success, leading to optimistic projections for fiscal 2023 and expansion in key markets.
Foot Locker (FL) strengthens its omnichannel presence and sneaker culture focus, banking on key brand partnerships and NBA collaboration.
Cognizant (CTSH) and Microsoft's Innovation Assistant, powered by Azure OpenAI, boosts creative problem-solving in client challenges through Bluebolt.
Strong infrastructural demand and the efficient implementation of MAP 2025 initiatives bode well for RPM International (RPM). Yet, high expenses and softness in certain end markets hinder growth prospects.
Nokia (NOK) launches Nokia Federal Solution business, a dedicated entity to drive technological advancements for U.S. Federal Agencies.
Investors looking for stocks in the Electronics - Testing Equipment sector might want to consider either Fortive (FTV) or Agilent Technologies (A). But which of these two companies is the best option for those looking for undervalued stocks?
Investors with an interest in Waste Removal Services stocks have likely encountered both Stericycle (SRCL) and Waste Connections (WCN). But which of these two stocks presents investors with the better value opportunity right now?
Investors with an interest in Financial Transaction Services stocks have likely encountered both Fidelity National Information Services (FIS) and MasterCard (MA). But which of these two stocks is more attractive to value investors?
Investors looking for stocks in the Financial - Investment Management sector might want to consider either Victory Capital Holdings (VCTR) or TPG Inc. (TPG). But which of these two companies is the best option for those looking for undervalued stocks?
Investors interested in Banks - Foreign stocks are likely familiar with Credicorp (BAP) and HDFC Bank (HDB). But which of these two stocks is more attractive to value investors?
Investors interested in Business - Services stocks are likely familiar with Rentokil Initial PLC (RTO) and Affirm Holdings (AFRM). But which of these two stocks presents investors with the better value opportunity right now?
Investors with an interest in Hotels and Motels stocks have likely encountered both Hilton Grand Vacations (HGV) and Hyatt Hotels (H). But which of these two companies is the best option for those looking for undervalued stocks?
Investors with an interest in Technology Services stocks have likely encountered both Futu Holdings Limited Sponsored ADR (FUTU) and Palantir Technologies Inc. (PLTR). But which of these two companies is the best option for those looking for undervalued stocks?
Investors interested in Aerospace - Defense Equipment stocks are likely familiar with Bae Systems PLC (BAESY) and Heico Corporation (HEI). But which of these two stocks presents investors with the better value opportunity right now?
Evaluate the expected performance of Metropolitan Bank Holding Corp. (MCB) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
RANCHO CORDOVA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) expects to report its financial results for the quarter and year ended December 31, 2023, after the stock market closes on Monday, January 29, 2024.
Shares of AMC Entertainment Holdings Inc. continued their slide Tuesday, hitting a record intraday low and on pace for another record-low close.
Last week's incident involving an Alaska Air Boeing jet continues to resonate with investors. The fix for the issue appears relatively simple, but the added scrutiny that will likely follow could impact production goals.
Musk owns around 13% of Tesla stock after selling billions of dollars of shares in 2022 partly to help finance his $44 billion purchase of Twitter.
CNBC's Deirdre Bosa reports on antitrust regulations set to soon take effect.
Elon Musk wants more voting control over Tesla's board. The request comes at an awkward time for the automaker.
A series of attacks on vessels in Red Sea did not provide any support to oil prices.
Bill Nygren, Oakmark portfolio manager, joins 'Money Movers' to discuss his thoughts on stocks the markets may be ignoring, his view on General Motors, and more.
It hasn't been a great start to the year for Marathon Digital (NASDAQ: MARA ), as shares of the Bitcoin ( BTC-USD ) mining company have already shed more than 20%. This was largely attributed to the Securities and Exchange Commission's (SEC's) approval of several spot Bitcoin exchange-traded products (ETPs).
Morgan Stanley's shares dropped the most in three months as its traders fell short of expectations and executives said lower wealth-management margins may stick around. Bloomberg's Sonali Basak reports.
ManpowerGroup CEO Jonas Prising described companies' attitudes toward artificial intelligence as "overwhelmingly positive," because of its potential to improve efficiency and productivity.
Procter & Gamble (NYSE:PG) Company is expected to reveal modest increases in earnings per share (EPS) and revenue when the consumer products company releases its second quarter 2024 financial results on January 23, 2024. The analyst consensus forecast is for P&G's EPS to grow 7.6% year over year to $1.71, while its revenue is expected to rise 4.4% to $21.68 billion, according to the Zacks consensus estimate.
Chesapeake Financial Shares Inc. (OTCQX:CPKF) subsidiary Chesapeake Wealth Management (CWM) announced the appointment of Elizabeth “Missy” Mullins as its new vice president trust officer based out of CWM's Kilmarnock office in Virginia. The company highlighted that Mullins brings more than 15 years of experience in the trust and wealth management industry working with individuals, families, and institutions.
Advanced Micro Devices Inc (NASDAQ: AMD) has more than doubled in the trailing 12 months but a Barclays analyst remains convinced it has more room to the upside.
Tesla (TSLA) shares rebounded from early losses Tuesday after CEO Elon Musk said that he wants 25% voting control of the electric vehicle (EV) maker before advancing Tesla's position in artificial intelligence (AI).
JPMorgan Chase (JPM) settled charges with the Securities and Exchange Commission (SEC) Tuesday over allegations it impeded hundreds of advisory clients and brokerage customers from reporting potential violations of securities law.
Mercantile Bank Corporation (MBWM) Q4 2023 Earnings Call Transcript
Applied Digital Corporation (APLD) Q2 2024 Earnings Call Transcript
Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continues to disrupt travel for millions of travelers.
BofA Securities double downgrades DuPont to Sell from Buy, while the firm upgrades Dow Inc. to Buy from Hold.
Restaurant Brands International, the owner of the Burger King brand, will acquire Carrols Restaurant Group, the largest Burger King franchisee in the United States, for about $1 billion.
BMW (OTCMKTS: BMWYY ) has made the switch to electric vehicles (EVs) gracefully, as is evidenced by its recent sales growth. Indeed, the German automotive giant almost doubled its EV sales during the final quarter of 2023, reporting 129,316 models sold.
Stocks opened in the red to start the four-day trading week following a slew of mixed earnings reports. So why are stocks down today?
China's second-highest ranking official said that investing in China wasn't a risk but an opportunity.
Verizon CEO Hans Vestberg joins 'Mornings with Maria' live from Davos and outlines why digital infrastructure will be a critical investment this century.
Lithium has become a hot commodity with the growing adoption of electric vehicles (EVs). While EV sales may have seen a slowdown, the future will be all about EVs.
AvalonBay (AVB) is likely to benefit from the healthy demand, strategic expansions and efforts to leverage technology and scale. However, an elevated supply of rental units and high interest rates are woes.
UBS has revised its stance on two major UK-listed pharma companies - GSK PLC (LSE:GSK, NYSE:GSK) and AstraZeneca PLC (LSE:AZN) - with an upgrade for the former and a downgrade for the latter. GSK is moved from 'sell' to 'buy,' while the investment bank's call on AZ moves in the opposite direction.
Improved billed business, card fees and strategic partnerships poise American Express (AXP) well for growth.
NXP Semiconductors (NXPI) collaborates with Honeywell, leveraging its strong product portfolio of i.MX 8M applications processors and i.MX RT crossover microcontrollers.
Berry Global (BERY) experiences weakness in its operations due to softness in the Consumer Packaging International segment. Rising debt levels are added concerns for the company.
Pre-market futures are down slightly to start a new trading session in this holiday-shortened week. The Dow is currently down -140 points, the S&P 500 is -20 and the Nasdaq -70 points.
Alcoa's (AA) fourth-quarter performance is expected to bear the brunt of lower aluminum prices and unfavorable energy impact. However, lower raw material and production costs are expected to provide some relief.
Ericsson's (ERIC) wholly-owned subsidiary Cradlepoint launches an advanced 5G router solution offering cutting-edge networking features with enterprise-class security for retail applications.
That's the lesson to draw on this, the third anniversary of the meme-stock frenzy that captured retail investors' attention in January 2021. That was the month, you may recall, in which retail investors—flush with pandemic stimulus money—engineered a huge short squeeze on stocks such as GameStop GME.
British oil company Shell reportedly suspended shipments in the Red Sea amid Houthi attacks against commercial vessels and U.S.-led strikes in Yemen.
For companies with super app ambitions, consolidation is a key strategy. Forging a seamless connection of experiences — even if they're disparate experiences — demands some components be readily in place: A digital front door.
GSK will sell a 3.2% stake, or about 300 million shares, in its spun-off consumer healthcare business Haleon , the British drugmaker said on Tuesday.
Greg Boutle, head of US equity and derivative strategy at BNP Paribas, joins 'Money Movers' to discuss the firm's calculations for six rate cuts this year, BNP Paribas' base case year-end target for the S&P 500, and where investors should put money to work now.
General Electric (NYSE:GE) is expected to post a drop in both revenue and profits for the fourth quarter when it reports its latest financials on Tuesday, January 23, before the stock market opens. For the quarter, the aerospace and power company is expected to report revenue of $17.4 billion, down 20.2% from the year-ago quarter.
Intel Corporation (NASDAQ: INTC) wants to be producing about half of its leading-edge chips in the U.S. and Europe by the end of this decade, says Pat Gelsinger – its Chief Executive. CNBC interviewed Intel's chief executive in Davos At writing, the multinational makes less than 20% of its sophisticated chips in the two regions.
Three Wall Street analysts hiked their price targets on AMD stock Tuesday morning. AMD stock is trading below $160, but two analysts suggest it could approach $200 within a year.
A Meta executive says the Facebook owner is still investing "significantly" in the metaverse. Nicola Mendelsohn made the comments at the World Economic Forum in Davos on Tuesday.
Shares of Nvidia and Advanced Micro Devices jumped on Tuesday as investor optimism over the prospects of higher demand for artificial intelligence (AI)-powered chips prompted Wall Street analysts to hike their price targets for the semiconductor giants.
NFL agent Drew Rosenhaus joins 'Squawk on the Street' to discuss what recent streaming landmarks means for the future of NFL distribution, the most interesting threads in the NFL season, and more.
The bank reported net income of $8.5 billion for 2023 — a 24% drop from 2022 and the lowest level the bank has seen in four years.
Microsoft CEO Satya Nadella said there is a need for global coordination on AI and agreeing a set of standards and appropriate guardrails for the technology.
Bernstein analyst Toni Sacconaghi downgraded the shares and offered a sharply negative review of the company's pending acquisition.
CAB Payments Holdings PLC (LSE:CABP) posted a barebones pre-close trading update on Tuesday which outlined a 25% year-on-year increase in total income for the year ending 31 December 2023. This represents a moderate rebound for the beleaguered foreign exchange company.
Johnson & Johnson (NYSE:JNJ) raised its full-year guidance after a strong third quarter which saw earnings beat expectations and its product pipeline advance. Still, Wall Street expects the New Brunswick, New Jersey-based pharmaceutical giant to post a dip in earnings when it reports back for the fourth quarter next Tuesday.
Richard Dickson appointed two senior executives to filled important positions in the company. Dickson joined The Gap last August and on Friday he chose Eric Chan as chief business and strategy officer and Amy Thompson as chief people officer.
1606 Corp. (OTC:CBDW) said it “confidently anticipates” a profitable second quarter in 2024 after the success of its AI-driven e-commerce tool launched last year. The company said its December 2023 pilot marketing program had completely sold out.
Allakos (NASDAQ: ALLK ) stock is taking a beating on Tuesday after the clinical stage biopharmaceutical company revealed results from its latest study. The bad news here comes from the company's Phase 2 and Phase 2b clinical trials of lirentelimab.
Volkswagen is QuantumScape's most important partner. QuantumScape's solid-state battery technology is far from commercialization.
CNBC's Leslie Picker reports on news from Goldman Sachs' recent conference call.
British Airways owner IAG expects EU antitrust regulators to open a full-scale investigation into its plan to buy Spanish carrier Air Europa and will offer remedies to address their concerns, IAG's chief executive said on Tuesday.
Denis Machuel, CEO of the Adecco Group, discusses what opportunities and disruptions AI will bring to the workforce, what the younger generations need to study to compete with the new technology, and why humans will never really be replaced by artificial intelligence.
Chart-watchers are growing increasingly bullish on health-care stocks now that they have become the best-performing sector of the S&P 500 so far in 2024, according to Dow Jones Market Data. Analysts have cited attractive valuations relative to earnings and a compelling growth story as two reasons health-care stocks might continue to outperform.
When seeking companies that generate high free cash flow (FCF) yields, sectors matter. Take technology, for example.
Summary U.S. LNG export capacity set to increase by 80% to 24.9 billion cubic feet per day (Bcf/d) over the next few years based on projects already under construction. Several more projects are signing long-term offtake agreements with a view to starting construction this year.
The long-awaited spot bitcoin ETFs are trading after a decade of waiting. So now the ETF and advisor community has some available brain capacity to look forward.
Economic indicators provide insight into the overall health and performance of an economy. They play a crucial role in enabling policymakers, advisors, investors, and businesses to assess current economic conditions.
Since its birth in 2009, bitcoin was intended to democratize and “futurize” finance. A case can be made that those objectives have been partially accomplished.
It's often said that artificial intelligence (AI) is in its infancy of growth, and that's true. For those who need more convincing, there are plenty of compelling data points.
It's no secret that China has widespread semiconductor ambitions and wants to reduce its dependence on imports of chips. Those goals are amplified at a time when the U.S. and some European nations are cracking down on domestic companies exporting semiconductors and related technology to China.
Emerging markets bonds issuance is already reaching record highs early in 2024. The Financial Times reported that EM debt issuance is already at $50 billion, opening opportunities in EM bond ETFs.
An Agrinews report noted an increased supply of corn and soybeans due to better crop production in 2023 by U.S. farmers. This could potentially put an even heavier lid on rising corn and soybean prices as 2024 is underway.
In the current macroeconomic environment, bond bulls are thriving. But fixed income investors seeking yield may be wondering where to look.
Calamos Advisors has launched the Calamos CEF Income & Arbitrage ETF (NYSE Arca: CCEF) on the New York Stock Exchange. The actively managed ETF seeks high current income and long-term capital appreciation.
So much of the market's focus on the AI narrative has emphasized AI's place in information technology firms. Chatbots like ChatGPT foretell a world of AI agents helping humans boost productivity, push creativity forward, and improve efficiency.
Milestone Pharmaceuticals (MIST) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here is how Clorox (CLX) and Imperial Tobacco Group PLC (IMBBY) have performed compared to their sector so far this year.
Here is how Leidos (LDOS) and VirTra, Inc. (VTSI) have performed compared to their sector so far this year.
Here is how Allakos Inc. (ALLK) and McKesson (MCK) have performed compared to their sector so far this year.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NVO, AIZ and PAX made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 16, 2024.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
GoodRx Holdings, Inc. (GDRX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GDRX's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Cincinnati Financial Corporation (CINF) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CINF's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
The consensus price target hints at a 191.3% upside potential for Oculis Holding AG (OCS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
The mean of analysts' price targets for Osisko Gold (OR) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The appeal stemmed from an antitrust lawsuit filed by Epic Games, maker of the popular Fortnite video game.
The average of price targets set by Wall Street analysts indicates a potential upside of 199.3% in Syros Pharmaceuticals, Inc. (SYRS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The average of price targets set by Wall Street analysts indicates a potential upside of 137.2% in Amprius (AMPX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
P&G (PG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Paccar (PCAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synchrony (SYF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CN (CNI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Microsoft (MSFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Netflix (NFLX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hanmi Financial (HAFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Renasant (RNST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
D.R. Horton (DHI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RTX (RTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Texas Instruments (TXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Busey (BUSE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
3M (MMM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Peoples Bancorp (PEBO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Webster Financial (WBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Commonwealth Financial (FCF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Triumph Financial (TFIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Invesco (IVZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
East West Bancorp (EWBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MakeMyTrip (MMYT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Verizon (VZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Intuitive Surgical, Inc. (ISRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gartner's (IT) valuable analysis aids organizations in cost saving. The company's shareholder-friendly approach is commendable.
Prologis' (PLD) Q4 results are likely to reflect the benefits of its premium facilities at strategic locations and expansion efforts, though high supply might partly limit the growth tempo.
Morgan Stanley (MS) records a decline in net interest income and higher expenses in the fourth quarter of 2023.
Microsoft CEO Satya Nadella on Tuesday defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger.
Empire State Manufacturing's -43.7 is a major step down -- more than 3x lower than the previous month's -14.5.
Illumina's (ILMN) fourth-quarter 2023 results are likely to reflect the impacts of the adoption of its new generation of distributed liquid biopsy assay.
Elevance's (ELV) Carelon unit is expected to benefit from improving performance in the Behavioral Health business and post-acute care services.
Goldman Sachs thinks the consensus view on Wall Street is too bearish about economic growth in 2024. Goldman sees no recession this year and estimates 2024 GDP growth to be double the consensus.
Tesla (NASDAQ: TSLA ) stock is in full focus following a post from CEO Elon Musk regarding his voting control of the electric vehicle (EV) company over the weekend. Musk stated that he is “uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control.
Nu and Opendoor Technologies more than doubled last year, and both have catalysts for further upside in the year ahead. Nu is experiencing explosive bottom-line growth, and it's just starting to expand outside of its home country.
Disk-drive and flash-memory firm Western Digital is seeing shares rise on upgrades from Deutsche Bank and Barclays.
Burger King parent Restaurant Brands International (TSX:QSR, NYSE:QSR) has inked a deal to buy the Carrols Restaurant Group, the largest Burger King franchisee in the US, for $1 billion. Carrols operates 1,022 locations across 23 states, along with 60 Popeyes locations in 6 states.
TreviPay has partnered with Mastercard to add a Universal Acceptance solution to its B2B payments and invoicing network.
OSHKOSH, Wis.--(BUSINESS WIRE)---- $OSK #oshkoshcorporation--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will issue its fourth quarter and full year 2023 financial results on Tuesday, January 30, 2024. The results will be discussed during a live webcast that day beginning at 9:00 a.m. EST. To access the webcast, investors should go to www.oshkoshcorp.com approximately 15 minutes prior to the event. Slides for the webcast will be available on the website the morning of Janua.
One major Wall Street bank is weighing in on what it calls “an extreme scenario” in which no Group-of-10 central bank cuts interest rates this year due to sticky inflation, strong economic growth, or fresh shocks that push price gains higher.In a note on Tuesday, Athanasios Vamvakidis, a U.K.-based FX strategist at Bank of America BAC, -2.64%, said it's worth considering the implication of a seemingly “unrealistic” scenario in which major central banks stay on hold.For now, markets are pricing in about six interest rate cuts from the Federal Reserve and the European Central Bank, starting respectively in March and April; five cuts by the Bank of England; and two cuts by the Reserve Bank of Australia. BofA foresees fewer cuts for all of them due to sticky inflation, resilient economies, and “stretched” labor markets, the strategist said.
While a reminder of the iPhone manufacturer's huge success, it isn't a guarantee of continued growth.
Stellantis (NYSE: STLA ) layoffs are a hot topic on Tuesday as the automaker cuts 539 temporary workers across the U.S. These job cuts are affecting part-time employees at the company as it reevaluates its headcount. This is part of the Dare Forward 2030 strategic plan.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) (TSMC) is expected to report another quarterly drop in profit for the fourth quarter on Thursday but analysts are positive that demand for semiconductor chips will pick up later this year.
The Bank of Canada's Business Outlook Survey for Q4 2023 found that 40% of Canadian companies were experiencing a slowdown in sales. Canadian consumer spending contracted 4% year over year in 2023, even with unemployment still sub-6% and the bulk of mortgages yet to renew at higher interest rates in 2024-2026.
John Hancock Preferred Income Fund II aims to provide high current income by investing primarily in preferred securities. The fund has a 9.02% yield, higher than most investment-grade bond funds and other preferred stock funds. The fund's share price has declined over the past five years, but distributions have offset the decline and increased investors' wealth by 22.48%.
DALLAS , Jan. 16, 2024 /PRNewswire/ -- Jacobs (NYSE:J) plans to release its fiscal first quarter 2024 earnings results before market open on Tuesday, Feb. 6, 2024, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends.
Starting in 2024, the Internal Revenue Service ( IRS ) extended an improved version of a tax credit system for electric vehicle (EV) buyers to 2032. Individuals purchasing used or new domestically manufactured EVs can instantly claim tax credits of up to $7,500, regardless of their tax liability.
Chevron CEO Mike Wirth says the company makes ship by ship decisions on Red Sea voyages. Wirth speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland.
The shares of aluminum stock Alcoa Corp (NYSE:AA) are sliding today, after UBS initiated coverage with a "sell" rating and $29 price target, though BMO threw in a price-target hike to $30 from $28.
PC sales rebounded in the fourth quarter of 2023 and are poised to increase this year, which will help stocks like Lenovo Group Limited (LNVGY), HP Inc. (HPQ), Dell Technologies Inc (DELL) and Apple, Inc. (AAPL).
High labor costs are likely to hurt United Airlines' (UAL) Q4 results.
Steelcase (SCS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Cap Gemini SA (CGEMY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Fuchs Petrolub SE Unsponsored ADR (FUPBY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Alpha Metallurgical (AMR) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas , for gas-powered cars.
Synopsys Inc (NASDAQ:SNPS) announced on Tuesday an agreement to acquire engineering and product design software company Ansys in a cash-and-stock transaction valued at approximately $35 billion, as Synopsys makes a push into the artificial intelligence (AI) and semiconductor-design "megatrends." Ansys shareholders will receive $197 in cash and 0.3450 common shares of Synopsys for each Ansys share held.
Snap (SNAP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
First Solar (FSLR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Carvana (CVNA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Zacks.com users have recently been watching Vipshop Holdings Limited (VIPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Kinsale Capital Group, Inc. (KNSL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
UnitedHealth (UNH) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Enterprise Products (EPD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Zacks.com users have recently been watching Aaron's (AAN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Netflix (NFLX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Fortinet (FTNT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Lilly (LLY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Energy Transfer LP (ET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Chevron (CVX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Zacks.com users have recently been watching Delta (DAL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Zacks Computer - Networking industry players like NTCT, NTGR and LTRX are poised to benefit from the accelerated 5G deployment amid global macroeconomic challenges.
Two leading energy companies that are likely to beat fourth-quarter earnings estimates are Exxon Mobil Corporation (XOM) and Phillips 66 (PSX).
B&G Foods (BGS) is focused on undertaking prudent acquisitions to grow its brand portfolio. The company is reaping benefits from continued margin recovery on the back of pricing actions.
DecisionPoint (DPSI) introduces PointCare Services to improve enterprise technology management.
OC, AIZ and ITRI made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 16, 2024.
The semiconductor giant Nvidia (NASDAQ: NVDA) is one the biggest companies that have, in recent months, been consistently impressing on all fronts.
Masimo's (MASI) R&D activities raise optimism about the stock.
Spirits giant Diageo said that it had settled its row with rapper Sean Combs, better known as P Diddy, over the marketing of his Ciroc Vodka and DeLeon Tequila. In a statement, Diageo said Combs had withdrawn all of his allegations about Diageo and would voluntarily dismiss his lawsuits against the company with prejudice.
Despite the high adoption of air pollution control equipment, the rising preference for alternative fuels and high innovation costs dampen the prospects for the Zacks Pollution Control industry. DCI, CECO and FTEK are three stocks to consider.
The industry is benefiting from increasing demand and RevPAR. Stocks like HTHT, WH and HGV will likely benefit from the prevailing scenario.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The headline numbers for FB Financial (FBK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The headline numbers for The PNC Financial Services Group, Inc (PNC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The headline numbers for Guaranty Bancshares Inc. (GNTY) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Although the revenue and EPS for Goldman (GS) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Here is a look at a chart tied to recent news, with important technical levels to monitor.
The top international executive at Eli Lilly on Tuesday said the pharmaceutical company will consider regulatory approvals, reimbursement and sufficient supplies before deciding whether to launch its weight-loss drug Mounjaro in new markets.
The liquor maker said Combs has withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against the company with prejudice.
CNBC's David Faber reports on Synopsys' acquisition of Ansys.
Vodafone (NASDAQ: VOD ) stock is on the move Tuesday as investors react to the company signing a $1.5 billion deal with Microsoft (NASDAQ: MSFT )! The new partnership covers 10 years of working together on artificial intelligence ( AI ).
Small-cap stocks have reached a potential critical moment. In 2021, the Russell 2000 went sideways, had a false breakout toward the end of the year, then plummeted into the 2022 bear market.
JNJ stock occupies a top spot in many portfolios due to its consistent performance and low volatility. But should we really and readily accept JNJ as a SWAN stock? A fresh look at Johnson & Johnson is warranted, especially in light of the split-off of its Consumer Health segment (Kenvue stock) and amid the ongoing talc litigation. I share my view on JNJ's two remaining segments, their future prospects, and the decline in cash flow due to the split-off of the Consumer Health segment.
Apple Inc (NASDAQ: AAPL) opened in the red on Tuesday even after IDC said it shipped more smartphones than Samsung in 2023. Apple is now the world's top smartphone maker Title of the world's top smartphones maker sat with Samsung for thirteen years from 2010 to 2022.
CNBC's Jim Cramer delivers his daily Mad Dash.
The U.S. fell seven places in an annual global ranking of women's health, landing at 30th place alongside Kazakhstan and Mauritius.
Applied Digital shares plunged more than 20% in early trade on Tuesday after the provider of digital infrastructure solutions reported fiscal second quarter earnings that came in below expectations. For the quarter ended November 30, 2023, revenue was $42.2 million, far below expectations of $54.8 million.
New Year has brought no cheer for Diageo with Deutsche Bank following up its ‘sell' note of November with another brutal update reiterating the message. Deutsche Bank was a seller even before the Guinness, Johnnie Walker and Smirnoff group's profit warning that month and its latest update suggests things have gotten worse since then.
QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) told investors it has commenced a drill program on the historically significant Cooke and Robitaille Mines. The mines, integral components of Falconbridge's Opemiska Copper Mine Complex, are less than a kilometre from the recently unveiled open pit resource on Opemiska in Quebec's Chapais-Chibougamau District.
Berkshire Hathaway expects to receive over $6 billion in dividend income this year. The Warren Buffett-led conglomerate is the second-largest insurer in the U.S. The Vanguard Growth ETF has outperformed the S&P 500 since its January 2004 inception.
Cybersecurity stocks for your January 2024 watchllist.
Qualcomm CEO Cristiano Amon joins 'Squawk Box' to discuss the promise of AI, how the company's chips can help drive the AI revolution, and more.
Persimmon PLC (LSE:PSN) was graced with an upgrade by Jefferies on Tuesday, as analysts saw potential upside on wider optimism of a recovery within the housing market. Significant cuts to mortgage rates this year and growing speculation of support for first time buyers in the upcoming spring budget are driving optimism, Jefferies said in a note.
Chevron CEO Mike Wirth joins 'Squawk Box' to discuss the impact of Red Sea attacks on the company and global oil supply, energy transition, price outlook, regulatory challenges, and more.
Uber is shutting down its alcohol delivery app Drizly just three years after buying it for $1.1 billion.
Bank earnings -- and earnings season in general -- kicked off on Friday and continued to start the holiday-shortened week.
Goldman Sachs (GS) fourth-quarter results trounced analyst expectations on both earnings and revenue. The bank's strong performance was driven by a 23% year-over-year growth in its asset and wealth management revenue.
We had HPP and its preferred shares on a "hold" as the risks offset the potential rewards. Both stocks have had a sharp rally off the October bottom. We dissect the recent numbers and tell you why we are going in the opposite direction.
Breyer Capital founder and CEO Jim Breyer joins 'Squawk Box' to discuss the impact of AI on the VC landscape, how AI can change health care, and more.
Intel CEO Pat Gelsinger discusses the importance of the Chips Act on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland.
Synopsys (NASDAQ: SNPS ) stock is heading higher on Tuesday following news of a massive deal with Ansys (NASDAQ: ANSS ). This deal will see the two companies combine to create a leader in the silicone to systems design solutions space.
A new open letter alleges Big Tech "gatekeepers" like Google, Microsoft, and Apple haven't done enough to comply with the EU's strict Digital Markets Act.
The farm machinery maker and Elon Musk's space titan have a deal that makes total sense for them.
Boeing (NYSE: BA ) stock is sinking about 5% in early trading, and the airplane maker's recent struggles will likely continue. That's because the Federal Aviation Administration (FAA) has grounded all of Boeing's 737 Max 9 planes again indefinitely, causing two airlines to cancel more flights.
Here is a look at a chart tied to Cameco's recent news-driven price move, with important technical levels to monitor.
Uber is shutting down alcohol delivery service Drizly, three years after the cab-hailing company acquired it for $1.1 billion. Drizly ran independently all this time, and Uber eventually decided to close it, as first reported by Axios.
PIMCO Dynamic Income Fund has seen a total return of over 20% in the past three months since our call. Investors can expect to receive their entire investment back in dividends in ~7 years at the current yield, making it a strong income powerhouse. PDI has a diversified portfolio of fixed income securities and has a long history of providing a high level of income to investors.
Honeywell International said on Tuesday its quantum computing company, Quantinuum, was valued at $5 billion after a $300 million equity funding round, anchored by JPMorgan Chase.
Meta Platforms (META), Telefonica Brasil (SAM) and NetEase (NTES) are three communication services stocks that you can look into as the sector continues to grow on expectations of a Fed rate cut.
Globe Life (GL) is well-poised for growth on the back of higher premiums, new investment yields, a strong liquidity position, favorable estimates and effective capital deployment.
DuPont (DD) benefits from innovation, the Spectrum Plastics acquisition and pricing and productivity actions.
Here, we pick four enterprise software stocks - WDAY, CRWD, TEAM and TWLO - that are poised to carry upside momentum in 2024.
While the auto replacement parts industry is grappling with high operational costs, logistical and supply chain disruptions among other challenges, LKQ, DORM and SMP are still worth considering.
Guaranty Bancshares Inc. (GNTY) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $1.05 per share a year ago.
Casey's (CASY) price and product optimization strategies, increased penetration of private brands and digital engagements are commendable.
Here, we discuss some reasons why investing in Fusion Pharmaceuticals (FUSN) stock now may turn out to be a prudent move.
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing industry, we advise focusing on companies like MUSA, PBF, CVI and DK.
Duke Energy's (DUK) subsidiary, Duke Energy Carolinas, backed by recent rate hikes, is expected to maintain its reliability and excellent customer service.
Ollie's Bargain's (OLLI) focus on value-driven merchandise assortments positions it well to capitalize on opportunities in the marketplace.
Canadian National (CNI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Palo Alto Networks CEO Nikesh Arora joins 'Squawk Box' to discuss the cyber threat landscape, the impact of AI on cybersecurity, and more.
D.R. Horton (DHI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Steel Dynamics (STLD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Travelers (TRV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
IGM Bio (IGMS) stock surges 142% in the past three months on strategic reprioritization efforts to focus its resources on the development of pipeline candidates for cancer and autoimmune indications.
BAE Systems (BAESY) makes a strong case for investment in the aerospace sector, given its solid earnings growth prospects, strong financial position and rising product demand.
Morgan Stanley (MS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.31 per share a year ago.
Goldman Sachs (GS) came out with quarterly earnings of $5.48 per share, beating the Zacks Consensus Estimate of $3.47 per share. This compares to earnings of $3.32 per share a year ago.
First Bancorp (FBNC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Hope Bancorp (HOPE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Tilray Brands reported 34% revenue growth in the latest quarter. Despite the top line increase, the cannabis producer remains unprofitable.
For the first time, the majority of Wall Street analysts covering PayPal Holdings Inc. shares are feeling skeptical.
Washington state has asked a judge to block a proposed $25 billion merger between two of America's largest grocery chains, Kroger and Albertsons, claiming the new entity would harm customers and raise prices.
Goldman Sachs topped expectations in its quarterly earnings report Tuesday, sending its shares rallying to a near 12-month high, but a slump in the company's core investment banking unit, generally blamed on the year's interest rate hikes, continued to rear its ugly head amid a cyclical downturn in dealmaking activity.
Fathom Nickel Inc (CSE:FNI, OTCQB:FNICF) will commence its winter exploration program at the Albert Lake project during the last week of January. The geophysics team and drill contractor are expected to arrive at Albert Lake on or about 29 January.
Doubleview Gold Corp (TSX-V:DBG, OTCQB:DBLVF) announced that drilling at its polymetallic Hat project in British Columbia's Golden Triangle has extended the Lisle deposit 240 metres south and resulted in the discovery of the highest gold grades to date at the project. The company said the area expanded area, called the Gold Rich Zone, will increase the volume of mineralization which will be included in the project's maiden resource estimate expected in the first quarter of 2024.
New energy sources may have a bright future, but this company doesn't.
Since the start of 2024, Alphabet's (NASDAQ: GOOGL) stock has distinguished itself among the select few to defy the general market short-term sell-off, recording minimal gains.
Enphase Energy (NASDAQ: ENPH), a global energy tech leader, has commenced shipments of IQ8™ Microinverters in Belgium, supporting high-powered solar modules with a peak output AC power of 384 W. The IQ8 Microinverters are designed to maximize energy production, managing a continuous DC current of 14 amperes.
Elon Musk, the electric car company's chief executive, said he would “build products outside of Tesla” unless the board raises his stake to 25 percent.
Pegasus Resources Inc announced that it has begun a geological mapping and sampling program on its past-producing Energy Sands uranium property in Utah. The mineral exploration company said it will compile the data gathered during the program to inform and facilitate the application process for all applicable permits, with the goal of starting a drill program at Energy Sands in 2024.
Stock in companies related to former President Trump rose overnight after he won the Iowa caucus. Digital World Acquisition (NASDAQ: DWAC ) stock, which has been trying to merge with Trump Media and Technology Group (TMTG), the owner of Truth Social, rose 8% to $18.76 per share.
In the volatile space of penny stocks, three companies are emerging as powerhouses with breakout potential, poised for massive gains. To begin with, the first one's organic growth, the second one's data licensing prowess in liquor retail, and the third one's strategic insurance advancements are captivating the market.
Charles Schwab (NYSE: SCHW) stock price pulled back in the pre-market as traders waited for its Q4 earnings. The shares retreated by 1%, joining other banks like Morgan Stanley, Goldman Sachs, and PNC Financial in the red.
Southwest Airlines cancelled more than 700 flights as of Monday afternoon, blaming unusually harsh winter weather. Dallas-based Southwest topped the list of the airlines most affected by the snow and wind chills plaguing Texas and Louisiana, up to Michigan and west to Oregon, where a storm has left over 100,000 households without power.
TROY, Mich.--(BUSINESS WIRE)--Skyline Champion Corporation (NYSE: SKY) ("Skyline Champion"), will release its earnings results for the third quarter fiscal 2024 after the market closes on Monday, February 5, 2024. Skyline Champion will hold a conference call to discuss the results the following morning, Tuesday, February 6, 2024, at 9:00 A.M. Eastern Time. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of.
Stellantis NV (BIT: STLAM) is in focus today after announcing a multi-billion-euro agreement with Sixt SE (ETR: SIX2).
Crude oil markets rallied a bit during the trading session on Tuesday, as we continue to see a little bit of consolidation and what could be an accumulation phase.
JPMorgan Chase & Co. has agreed to pay an $18 million fine without admitting or denying charges by the U.S. Securities and Exchange Commission that it violated whistleblower protection rules with its confidentiality agreements during a three-year period.
Ault Alliance (NYSEMKT: AULT ) stock is falling on Tuesday after the company provided investors with results from its annual meeting of stockholders. Ault Alliance notes that the shareholder meeting resulted in all seven directors for its Board being approved by stockholders.
The article discusses the concept of shorting ARKK by investing in SARK, which mirrors the performance of ARKK inversely. SARK allows investors to benefit from the weakening performance and enthusiasm of ARKK. I highlight the potential advantages of shorting ARKK through SARK.
Tesla Inc (NASDAQ:TSLA) boss Elon Musk has prompted speculation after posting on social media X that he was reluctant to grow the electric vehicle firm into artificial intelligence (AI) and robotics. Responding in a thread discussing his wish for a new compensation package from the auto manufacturer, Musk said he was “uncomfortable growing Tesla to be a leader in AI and robotics without having [around] 25% voting control”.
It might be tempting to back up the truck and buy Coinbase (NASDAQ: COIN ) stock because you heard about the approval of spot Bitcoin ( BTC-USD ) exchange-traded funds. However, I'm offering an unpopular opinion today.
It's fair to say that China-based electric vehicle manufacturer Nio (NYSE: NIO ) isn't a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock.
Talon Metals Corp announced assay results from various new drill holes within the 'Raptor Zone' at its majority owned Tamarack nickel-copper-cobalt project in Minnesota, which included 2.2 metres (m) of 9.31% nickel equivalent. The base metals company said the Raptor Zone lies to the north of its Resource Area and represents a new area with the potential for significant exploration upside at the Tamarack project.
Black Swan Graphene (TSX-V:SWAN) has announced that it has entered into an agreement with Hubron International which the company said will fastrack the commercialization of its graphene products. Hubron is a leader in black masterbatch production and more than 85% of its products are exported worldwide through its extensive distribution network, Black Swan said.
Ryanair expects Boeing's 737 MAX 10 jet to be certified by the fourth quarter of 2024, Group Chief Executive Michael O'Leary said on Tuesday.
Elon Musk says he wants more control of Tesla before building up its AI capabilities. Musk said he was "uncomfortable" growing AI and robotics at the company without controlling 25%.
Dividend Aristocrats are a good way to find stocks with a history of growing dividends, even though I find the "aristocrats" name cringe. Investors should not become emotionally attached to stocks and should view them as a means to an end. Buying low, selling high, and getting paid to wait can increase both income and capital gains for dividend investors.
Unilever PLC (LSE:ULVR) faces another spat with subsidiary Ben & Jerry's after the ice cream brand's board called for a permanent ceasefire in Gaza. Anuradha Mittal, chair of Ben & Jerry's independent board, told the Financial Times that “peace is a core value” to the business, a principle it has stood for in previous conflicts such as Iraq and Ukraine.
CHICAGO , Jan. 16, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss fourth quarter 2023 results on Tuesday, February 27, 2024, at 9 a.m. Eastern time.
Intel CEO Pat Gelsinger joins 'Squawk Box' to discuss the company's latest line of AI chips, the company's plan to advance five process nodes in four years, global chip demand outlook, U.S.-China chip war, and more.
Goldman Sachs (NYSE:GS) reported better-than-expected results for the fourth quarter but faced a challenging year in 2023. The US investment bank recorded its lowest annual profit since CEO David Solomon's first year in charge.
Intuitive Surgical (ISRG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Philip Morris (PM) benefits from its robust pricing power and focus on smoke-free alternatives amid consumers' growing health consciousness.
Invesco (IVZ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
APAM, CPA and KOF made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 16, 2024.
Lockheed (LMT) is set to provide for the early development of AGM-88G High Speed Anti-Radiation Missile integration on the F-35A/B/C aircraft.
A coalition of 27 major investors unites with the activist group Follow This to challenge Shell's (SHEL) climate strategy, pushing for a credible Scope 3 emissions target.
Enbridge (ENB) shifts wind focus to France, steering clear of U.S. projects amid escalating costs and supply-chain issues.
Bell-Boeing, a joint venture between Boeing (BA) and Bell Helicopter, a unit of Textron (TXT), is set to provide continued flight test support for the V-22 Osprey aircraft.
Glaukos (GKOS) continues to benefit from a robust product portfolio and favorable clinical trial results.
American Water Works (AWK) makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.
The Brazilian administration places restrictions on Saipem (SAPMF) for the next two years. However, the company's ongoing projects remain unaffected.
e.l.f. Beauty (ELF), Virco Manufacturing (VIRC), Stride (LRN), and Camtek (CAMT) have been selected as the top picks with a high net income ratio.
Invest in companies like General Electric (GE), Deckers Outdoor (DECK), Ferrari (RACE) and YPF Sociedad Anonima (YPF) that are powered by higher efficiency levels.
Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Aptiv (APTV), Air Products and Chemicals (APD), Microvast (MVST), Fox Factory Holdings (FOXF) and Green Dot (GDOT).
Voya Financial (VOYA) is well-poised to gain from favorable retention, positive impacts of the Benefitfocus acquisition, improved investment income, stronger surplus income and sufficient liquidity.
Eastman Chemical (EMN) gains on cost-management actions and innovation and maintains a disciplined approach to capital allocation.
The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $3.49 per share a year ago.
Boston Beer (SAM) has been maintaining a premium position in the market through strategic pricing actions and the craft beer experience it offers.
Looking back to the inception of the Nasdaq Composite in 1972, historical data demonstrates that in each year following a market recovery, this technology-focused index has returned an average annual gain of 19%, per Motley Fool, as quoted on Yahoo Finance.
The new year brings a clean slate heading into the fourth-quarter earnings season. Companies can usually gauge if their previous forecasts were in line or need to be adjusted to warn or prepare investors ahead of time.
NORTH READING, MA / ACCESSWIRE / January 16, 2024 / Teradyne, Inc. (NASDAQ:TER) will release financial results for the fourth quarter and full year 2023 on Tuesday, January 30, 2024, at 5:00 p.m. Eastern Time (ET) or later.
Computer hardware stock Western Digital Corp (NASDAQ:WDC) is 3.8% higher before the bell after two big upgrades this morning.
Although the majority of focus already this year has been on Nvidia (NASDAQ: NVDA) as it continues to climb from last year, its competitor Advanced Micro Devices (NASDAQ: AMD) also had a robust performance in 2023, adding over 100% to its value and looks set to continue its growth in 2024.
Here is a look at a chart tied to recent news, with important technical levels to monitor.
The merger of the design-software companies is expected to close next year.
Morgan Stanley (NYSE:MS) shares moved higher after the bank's fourth quarter revenue topped estimates driven by strength in its investment banking segment. Shares of Morgan Stanley (NYSE:MS) had gained 1.2% at US$90.81 before the stock market opened on Tuesday.
Airline stocks were struggling to get off the ground Tuesday, as the sector's laundry list of risks—including the grounding of Boeing 737 MAX 9 planes—plays out.
Willow Biosciences Inc (TSX:WLLW, OTCQB:CANSF) told investors it has been selected by clinical-stage biopharmaceutical company Enterin Inc to collaborate on the development of new sustainable manufacturing routes to their key intermediates and active pharmaceutical ingredients (APIs). The company said Enterin sought its expertise in developing and scaling biobased processes using its BioOxiTM selective hydroxylation platform so it can use more sustainable methods to manufacture its key development targets at reduced cost and with less waste.
Coal, of course, for Teck is now branded as “steelmaking” coal, as if that was any better or worse than other types of coal. Nevertheless, it was the brighter spot in terms of the company's 2023 guidance, which was met in neither of its other two core production areas – copper and zinc.
CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.
Synopsys said it would acquire Ansys in a $35 billion cash-and-stock deal, combining two software firms.
Stellantis NV will sell up to 250,000 vehicles across Europe and North America over the next three years under a multi-billion euro agreement with rental firm SIXT SE , the companies said on Tuesday.
Srivaru (NASDAQ: SVMH ) stock is sliding lower on Tuesday after the electric vehicle (EV) company's shares underwent a massive rally on Friday. Srivaru closed out trading on Friday up 46.2%.
XPEL is known for its high-end Paint Protection Film, with a decent revenue growth rate and margin. The company is likely to face a number of risks in 2024 such as intense competition and economic downturn. XPEL's valuation is high compared to other peers in the automotive equipment sector.
Barrick Gold Corp announced on Tuesday a sequential increase in its gold and copper production for the fourth quarter of 2023. The big Canadian miner's total preliminary output is expected to be 1.05 million ounces of gold and 113 million pounds of copper in the three months ending December 31, up from 1.04 million ounces of gold and 112 million pounds of copper in 3Q.
After riding a nine-week win streak to $52.48 on December 27, Affirm shares closed at $41.79 on Friday as traders continued to take profits — one of the early winter's biggest gainers.
Goldman Sachs posted a strong fourth-quarter earnings report Tuesday. Its profits for the three months ending December 31 jumped 51% to over $2 billion.
Apple Inc.'s management typically doesn't offer commentary on its business outside of the four earnings calls it hosts each year. And even on those calls, executives can be fairly circumspect.
The new spot Bitcoin ETFs accomplish the same goal, but some are better than others. Investors should prioritize providers with experience in crypto as well as low fees.
Gold markets fell a bit during the trading session on Tuesday as full liquidity returned to the marketplace. That being said, we are still very much in an up trending channel.
ROCHESTER, N.Y. , Jan. 16, 2024 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a high-power hydrogen fuel cell technology manufacturer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that Chief Executive Officer Parker Meeks and Chief Financial Officer Stephen Weiland will present at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024 at 4:30 p.m.
VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that President and CEO Jason Barnard is scheduled to participate in a panel presentation at the Cambridge House Vancouver Resource Investment Conference taking place January 21-22, 2024, at the Vancouver Convention Centre West Building in Vancouver, Canada.
Boeing stock slumped Tuesday after receiving a downgrade on the FAA audit and China increased 737 Max inspections.
BOSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Elicio Therapeutics, Inc. (Nasdaq: ELTX, “Elicio Therapeutics” or “Elicio”), a clinical-stage biotechnology company developing a pipeline of novel immunotherapies for the treatment of cancer, today announced that Robert Connelly, Chief Executive Officer, and Christopher Haqq, M.D., Ph.D., Executive Vice President, Head of Research and Development, and Chief Medical Officer will participate in a fireside chat at the B. Riley Securities 4th Annual Oncology Conference on January 18, 2024 at 2:30 PM ET.
Ad agency WPP has a capital markets day on 30 January followed by full-year results on 22 February and broker UBS is not expecting good news at either event. Indeed the broker has slapped a double downgrade to sell on the ad agency and slashed its target price to 700p from 1,200p.
Over 300 companies, including AstraZeneca, Anglo American, Endeavour Mining, Heathrow Airport and British American Tobacco, will start to include nature-related disclosures as part of their annual corporate reporting. Some of the early-adopter companies, which have a combined value of US$4 trillion, have committed to begin reporting on nature-related issues in their 2023 results, while others will start with their 2024 or 2025 results, it was announced as the agreement was formalised at the Davos summit today.
Phunware (NASDAQ: PHUN ) stock is on the rise Tuesday despite a lack of news from the integrated software platform company. There are no new press releases that explain why PHUN stock is rallying today.
CPA, SCS, KOF, CLF and AIZ have been added to the Zacks Rank #1 (Strong Buy) List on January 16, 2024.
Abbott Laboratories' (ABT) fourth-quarter 2023 results are likely to reflect solid base business momentum.
PPG is likely to have gained from higher pricing across its segments, manufacturing efficiencies, cost actions and efforts to grow its business through acquisitions in Q4 amid demand weakness.
Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.
The Westlake (WLK) units tie-up will focus on the reprocessing of Westlake Global Compounds' products and Westlake Dimex's toll processing services like grinding, shredding, blending and compounding.
Mercantile Bank (MBWM) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.37 per share a year ago.
AMFPF, ADI and AVNS have been added to the Zacks Rank #5 (Strong Sell) List on January 16, 2024.
Investors target stocks that have been on a bullish run lately. Stocks like CASY, ENS, NRG and ARCH are seeing price strength and have a high chance of carrying the momentum forward.
FB Financial (FBK) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.85 per share a year ago.
GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) told investors it is well positioned to capitalize on opportunities in the uranium market which is at "a pivotal moment" due to the global transition to clean energy. In a letter to shareholders, executive chairman Govind Friedland and CEO Daniel Major reflected on the achievements and challenges faced by the company in 2023.
Medivolve Inc. (NEO:MEDV.AQN, OTC:COPRF) told investors it entered into a master service agreement with Engineer.ai Corp doing business as Builder.ai to assist in the development of its telehealth platform. Under the December 29, 2023 agreement, the company said features that Builder will develop for the platform include provider and patient interfacing, telehealth video conferencing, appointment scheduling and management tools, credit card payment processing and more.
Accenture CEO Julie Sweet joins 'Squawk Box' to discuss the AI revolution, impact on companies and corporate leaders, recruiting policy changes, and more.
Synopsys Inc. SNPS, -0.81% announced Tuesday a deal to buy design-software company Ansys Inc. ANSS, -3.16% in a cash and stock deal valued at $35 billion. The stocks of both companies were halted for news.
Amidst heightened Middle East tensions, gold's XAU/USD value dips, signaling caution in the spot market and potential Fed rate cut impacts.
Lazard CEO Peter Orszag joins 'Squawk Box' to discuss the latest market trends, state of the U.S. economy, the Fed's rate cut timeline, M&A outlook, and more.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) announced it has received a non-refundable down payment totaling C$667,252 (US$500,000) from a US-based technology company under a recently signed Master Agreement for its plasma torches. The down payment relates to a large first-phase contract worth over $10 million and provides for a period of exclusivity until February 15, 2024, during which the client expects to secure financing and complete a first statement of work (SOW) with PyroGenesis.
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King.
With plenty of economic uncertainties that remain, investors may do well to pick up high quality names with moat-worthy assets. Crown Castle is a strong investment choice due to its durable business model and history of strong returns. CCI stock remains undervalued with a respectable dividend yield. With growth expected to resume in 2025, the stock remains an appealing choice.
Wells Fargo analyst Matthew Akers bumped shares of Boeing to Hold from Buy. His price target went to $225 a share from $280.
Over the last few years, investors have become increasingly interested in the idea of virtual reality (VR), or augmented reality (AR), as a broad opportunity. The emergence of the metaverse during the pandemic served to heat up conversation around the topic.
Chip design software maker Synopsys said on Tuesday it would buy Ansys in an about $35 billion cash-and-stock deal, snapping up the maker of software used in creating products from airplanes to tennis rackets of players like Novak Djokovic.
I am very bullish on most REITs following their recent crash. But not all REITs are worth buying. Here are two risky REITs that I would consider selling.
Revenue from investment banking and trading, Goldman's traditional powerhouses, were both down for the quarter.
Rail Vision (NASDAQ: RVSN ) stock is on the rise Tuesday despite a lack of news from the railway detection systems company. Instead, investors can point toward heavy trading as the reason for RVSN stock rallying today.
MALVERN, Pa., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Vishay Precision Group, Inc. (NYSE: VPG), a leader in precision measurement and sensing technologies, will release its financial results for the fourth quarter and full year of fiscal 2023 before the opening of the market on Wednesday, February 14, 2024.
Results from the big banks have the financial sector on the cusp of a correction. The news isn't bad, but strengths were priced into the market, setting it up for a healthy and needed reset.
Lufthansa (LHA) share price has struggled in the past few years, making it one of the worst-performing airline companies. After peaking at €20.74 in 2018, the stock has retreated by 65%, giving it a market cap of over €8.8 billion.
Walgreens Boots Allicance Inc. (WBA, Financial) recently completed a leadership transition with a new CEO. One of his first acts was to cut the dividend by 48%.
Much of 2023's performance was driven by the narratives of strength seen in the technology sector. More specifically, the conversations around quality and growth were almost always dominated by the Magnificent 7, leading to crowded trades in this cohort of stocks.
The energy sector has gotten off to a slow start in 2024. Despite oil's bounce off the $70 mark amid geopolitical tensions in the Red Sea and domestic natural gas prices that have risen with cold weather moving through, investors have reverted to mega-cap tech to start the year.
Albert Bourla told Barron's Andy Serwer that he's "all in" on Pfizer stock. He wants investors to believe.
Card Factory (LSE:CARD) shed 8% after a trading update, a move seemingly at odds with the bullish tone of the statement. Brokers too seemed to be struggling to find any reason for the harsh treatment.
With a strong 2023 that has seen some strong performers and S&P 500 companies that managed to increase their market capitalization, it is no wonder why investors are already keen to see which could replicate this performance in 2024.
3M Co (NYSE:MMM) is expected to report a small rise in earnings when it releases its fourth-quarter report ahead of the market open next Tuesday. The Post-It Notes and Scotch Tape maker has already guided investors to expect full-year adjusted earnings per share (EPS) of $8.95 to $9.15 after raising its guidance with the release of its 3Q results.
Surgery Partners Inc. NASDAQ: SGRY is a leading healthcare services provider that owns and operates over 180 outpatient surgical centers in 31 states. Its integrated delivery model includes surgical facilities and ancillary services comprised of anesthesia services and multi-specialty physician groups.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Hertz is selling about 20,000 EVs, replacing some of them with combustion vehicles. The move is the latest sign that demand for electric vehicles could be fading.
The Houthi attacks on cargo ships in the Red Sea have caused widespread disruptions and economic ramifications for the transportation sector, with cargo and dry bulk shipping and oil/energy sector comprised of the oil and gas industry impacting global trade supply chains. The Red Sea plays a crucial role in the transportation of oil and gas and is a vital artery for global trade.
Drug stocks GSK, Sanofi, Merck KGaA, and Novartis look set for a good year on strong cash flows and attractive valuations, says UBS.
Goldman Sachs reported a significant drop in its net earnings for 2023, down from $11.26 billion YoY in 2022 to $8.52 billion year-on-year on January 16th 2024. However, its quarterly earnings were up significantly, from $1.33 billion in net earnings in Q4 2022 to $2.01 billion in Q4 2023 – almost doubling the company's profits.
Goldman Sachs Group Inc.'s stock GS, -0.53% was up by 1.6% in premarket trading on Tuesday after the investment bank's fourth-quarter profit beat analysts' reduced expectations. Goldman Sachs said its net income for the three months ended Dec. 31 rose to $1.87 billion, or $5.48 a share, from $1.19 billion, or $3.32 a share, in the year-ago quarter.
Shares of Morgan Stanley MS, -0.89% climbed 1.3% in premarket trading Tuesday, after the bank and broker missed profit expectations because of special one-time charges, but beat revenue forecasts by a wide margin, boosted by strength in its investment banking business. Net income dropped 32.2% to $1.52 billion, or 85 cents a share, to miss the FactSet consensus of $1.07.
Fixed to floating rate preferred stocks have provided great returns over the last 16 months and will likely continue. There are yet double-digit returns to be had in the next roughly 18 months. The PFFA ETF is a good option for securing those double digit returns.
Morgan Stanley (NYSE: MS), on January 16th, reported a 32% annualised decline in its fourth-quarter profit related partially to weakness in institutional securities. Morgan Stanley beats revenue estimates The financial services behemoth saw its net income come in at $1.50 billion – down about 37% versus the previous quarter.
Morgan Stanley's fourth-quarter profit dropped, hurt by one-time charges tied to a Federal Deposit Insurance Corporation's special assessment.
As investors face another uncertain year in the market, it could be time to look at small- and mid-cap stocks. That means looking at stocks that are listed on the Russell 2000 index.
Morgan Stanley reported fourth-quarter earnings before the bell Tuesday.
The Andersons, Inc. ANDE saw record third quarter 2023 results in Renewables. This Zacks Rank #1 (Strong Buy) is expected to keep its momentum into 2024, growing earnings by 32.2%.
This lithium producer is cheap.
Launched on 08/19/2003, the First Trust Value Line Dividend ETF (FVD) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Value category of the market.
Launched on 09/23/2004, the Vanguard Industrials ETF (VIS) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Broad segment of the equity market.
If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the ALPS (OUSA), a passively managed exchange traded fund launched on 07/14/2015.
The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) was launched on 11/01/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Health Care ETFs category of the market.
Launched on 04/03/2018, the iShares U.S. Infrastructure ETF (IFRA) is a smart beta exchange traded fund offering broad exposure to the Utilities/Infrastructure ETFs category of the market.
Launched on 06/19/2006, the SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a passively managed exchange traded fund designed to provide a broad exposure to the Energy - Equipment and services segment of the equity market.
If you're interested in broad exposure to the Financials - Regional Banks segment of the equity market, look no further than the SPDR S&P Regional Banking ETF (KRE), a passively managed exchange traded fund launched on 06/19/2006.
Launched on 04/19/2011, the First Trust Mid Cap Value AlphaDEX ETF (FNK) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Value segment of the US equity market.
If you're interested in broad exposure to the Small Cap Value segment of the US equity market, look no further than the Invesco S&P SmallCap Value with Momentum ETF (XSVM), a passively managed exchange traded fund launched on 03/03/2005.
Launched on 09/20/2016, the First Trust NASDAQ Oil & Gas ETF (FTXN) is a smart beta exchange traded fund offering broad exposure to the Energy ETFs category of the market.
Making its debut on 07/06/2006, smart beta exchange traded fund First Trust Capital Strength ETF (FTCS) provides investors broad exposure to the Style Box - Large Cap Blend category of the market.
Designed to provide broad exposure to the Financials - Broad segment of the equity market, the First Trust Financials AlphaDEX ETF (FXO) is a passively managed exchange traded fund launched on 05/08/2007.
Designed to provide broad exposure to the Financials - Banking segment of the equity market, the Invesco KBW Bank ETF (KBWB) is a passively managed exchange traded fund launched on 11/01/2011.
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Invesco NASDAQ 100 ETF (QQQM) is a passively managed exchange traded fund launched on 10/13/2020.
Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the BNY Mellon US Large Cap Core Equity ETF (BKLC) is a passively managed exchange traded fund launched on 04/09/2020.
Netflix Inc (NASDAQ:NFLX)'s paid sharing model, a surge in viewers on its advertising tier and price increases are likely to result in a strong rise in earnings when the streaming giant releases fourth-quarter results after the closing bell next Tuesday. After beating expectations in the third quarter, Netflix raised its 4Q guidance.
Allakos Inc said on Tuesday that it plans to discontinue the development of its experimental skin disease drug after it failed two mid-stage studies.
Goldman Sachs' profit rose 51% in the fourth quarter as its equity traders capitalized on a recovery in markets and revenue from its asset and wealth business rose, offsetting weakness in investment banking.
CHARLOTTE, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that manufactures high-precision components and assemblies, announced today that Harold Bevis, President and Chief Executive Officer, and Michael Felcher, Senior Vice President and Chief Financial Officer, will present virtually at the Sidoti Micro-Cap Virtual Conference on January 18, 2024, at 1:00 p.m. ET. A link to the webcast and associated presentation materials can be accessed through the investor section of the Company's website at www.nninc.com.
CHANTILLY, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2023 financial results before the markets open on Wednesday, February 14, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.
The Schwab U.S. Dividend Equity ETF has underperformed in 2023, but its fortunes may shift in 2024. Falling interest rates may make dividend stocks more attractive compared to fixed-income securities. SCHD's exposure to macro-sensitive sectors and potential for increased dividend payouts support a "Buy" recommendation.
The market is expected to see a rotation to "value" stocks, making energy stocks a good investment choice. Diamondback Energy is a strong energy stock with deep reserves, a top-tier balance sheet, and a commitment to distributing free cash flow to shareholders. Diamondback has outperformed growth stocks and is expected to continue to do so, especially if oil prices remain strong.
Burger King, which is owned by Restaurant Brands International Inc. QSR, +0.33%, announced Tuesday an agreement to buy Burger King franchisee Carrols Restaurant Group Inc. TAST, +0.72% in a deal valued at $1 billion. Under terms of the deal, Carrols shareholders will receive $9.55 in cash for each Carrols share they own, which represents a 13.4% premium over Friday's closing price of $8.42.
Here's the thing about high-yield closed-end funds (CEFs): sometimes a CEF will seem to have all the earmarks of a terrific investment: high (and monthly) dividends, reasonable fees and reputable management. But it'll still come up short.
Boeing Co (NYSE:BA, ETR:BCO) has said teams are being sent directly to supplier Spirit Aerosystems to run quality checks after a door plug blew off one of its 737 Max 9 jets early this month. “Our team is now inspecting Spirit's installation of the mid-exit door plug and approving them before the fuselage section can be shipped to Boeing,” Boeing Commercial chief executive Stan Deal said in an update.
Design software maker Synopsys has finalized terms to acquire engineering software company Ansys for about $35 billion in cash and stock, two people familiar with the matter said on Tuesday.
Few names outperformed PayPal Holdings Inc. NASDAQ: PYPL during the COVID-19 pandemic. Imagine a company that not only weathered the storm of the COVID-19 pandemic but thrived amidst the chaos, making waves in the world of digital payments.
Last week, an interesting picture of triumph was painted in the stock market, with the technology sector taking the lead. Now, this may come as no surprise.
Hewlett Packard Enterprise Co. NYSE: HPE will acquire network communications equipment provider Juniper Networks Inc. NASDAQ: JNPR for around $14 billion or $40 per share. It sent shockwaves through the computer and technology sector.
QuantumScape Co. NYSE: QS has been developing the next-generation solid-state lithium-metal batteries for electric vehicles (EV). The Auto/tires/trucks sector company has been developing and testing its technology since 2022 and announced its first solid-state battery endurance test results with its partner Volkswagen AG OTCMKTS: VWAGY.
Clinical weight-loss medications have been making headlines. GLP-1 drugs like Novo Nordisk A/S NYSE: NVO owned Ozempic and Wegovy and Eli Lilly and Co. NYSE: LLY owned Mounjaro and Zepbound continue to see demand outstrip supply.
The recent approval and launch of eleven Bitcoin spot ETFs have added a thrilling chapter. Building up to the much-anticipated approval, the market was brimming with anticipation.
A new supersonic jet that could cut the flying time between London and New York to four hours has been unveiled by Lockheed Martin (NYSE:LMT) and US space agency NASA. Nicknamed “Son of Concorde”, the X-59 jet cruises at a speed of almost 940 miles an hour but unlike its predecessor doesn't herald its presence with loud sonic booms as the sound barrier is broken.
MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, today provided details regarding its conference call scheduled for February 14, 2024 at 11:00 a.m. Eastern Time. During the call, management will review fourth quarter 2023 results. The call will be webcast over the internet. What: Ryder System, Inc. Fourth Quarter 2023 Earnings Conference Call Who: Chairman and Chief Executive Officer Robert Sanchez and Ex.
Shell PLC (LSE:SHEL, NYSE:SHEL) has struck a deal to sell its onshore business in Nigeria, SPDC, for $1.3 billion, plus additional cash payments of up to $1.1 billion. The oil and gas giant said the division has been acquired by a consortium called Renaissance, which includes oil firms ND Western, Aradel Energy, First E&P, Watersmith and Petrolin.
Oil futures rose Tuesday as U.S. traders returned from a three-day weekend, monitoring continued tensions in the Middle East that has disrupted tanker traffic and poses a threat to crude supplies from the region.
Japan's Toyota Motor plans to announce in about a month steps to overhaul its small-car specialist Daihatsu Motor after an investigation into misconduct at its unit related to rigged collision-safety tests found issues going back decades.
CHICAGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) will publish its financial results for the fourth quarter ended December 31, 2023, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Tuesday, February 13, 2024. The company will hold a conference call on the same day at 8:30 a.m. Central Time (CT) to discuss its financial results. The press release and a live webcast of the earnings conference call will be available on the TransUnion Investor Relations website at http://www.transunion.com/tru.
VAUGHAN, ON , Jan. 16, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its fourth quarter and full year 2023 financial results and 2024 guidance after the market closes on Tuesday, February 20, 2024 and will host an investor conference call related to this release on Wednesday, February 21, 2024 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at investors.gflenv.com or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in Canada or 1-833-470-1428 in the United States (access code: 398061) approximately 15 minutes prior to the scheduled start time.
So far marijuana stocks have slowly been having more market momentum. Much of this can be due to several factors that may continue to help. With the 2024 year just starting the anticipation of what's to come could be a reason. Sometimes when there is reason to believe something will help the sector trade people begin to buy and sell more. When people begin to buy and sell are a more consistent pace especially buying it drives the stock price up.
Microsoft Corporation (NASDAQ:MSFT) has rolled out its Copilot Pro artificial intelligence programme to consumers, two months after large businesses were given access. At US$20 a month, the subscription costs the same as ChatGPT-4 and offers AI features within Microsoft's apps.
Tesla's stock was down around 2% in pre-market trading early on Tuesday after the company's CEO Elon Musk warned Monday he would start building AI and robotics products outside the company unless he gained 25% voting power.
Information technology is the most overvalued GICS sector. However, the electronic equipment industry has fair value and quality scores. Invesco Dorsey Wright Technology Momentum ETF is a technology ETF for swing trading. 7 tech stocks cheaper than their peers in January 2024.
Rolls-Royce (LON: RR) share price drifted downwards on Tuesday after the industrial giant received a rare downgrade. The stock, which peaked at 313p in December, retreated to a low of 292p, the lowest point on January 5th.
Blackstone Mortgage Trust is a mortgage REIT with a $25 billion loan book, managed by a capable Blackstone team. The REIT pays a high dividend yield of over 11%. Concerns have been raised about the sustainability of BXMT's dividend due to potential loan defaults and expiring interest rate hedges.
I reiterate my buy rating due to the normalizing operating environment, reduced build costs, and deflating food costs driving growth and increasing margins. Darden Restaurants continues to outperform the industry in same-store sales and is capturing market share. DRI is expected to continue momentum with positive sales in November and strong holiday bookings.
Elon Musk is so deeply associated with Tesla Inc. (NASDAQ: TSLA) that many think he owns the entire company.
The Go-Fishing Portfolio aims to provide a low-maintenance investment option for retirees seeking income from REITs. The portfolio includes ten REITs with an average dividend yield of 4.6% and projected FFO/sh growth rate of 5.1%. The portfolio composition remains unchanged for 2024, with a focus on dividend growth and survivability amidst credit crises.
Maersk has sent two container ships through the Red Sea carrying goods for the United States military and government, according to the Danish company and ship tracking data.
Upstart uses artificial intelligence to inform lending decisions.
Maryland-based Lockheed Martin officially introduced its experimental X-59 plane with NASA late last week. The plane was built to produce a 'quieter sonic thump.
Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that bankers say will hurt the economy.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) maintained its production guidance for 2024 after the weakened Chinese economy began to stabilise and the peaks of interest rate started to subside. During the fourth quarter, the London-listed company said commodity prices “found some support” after global recession fears weakened and broad inflation decelerated - despite Chinese policy measures looming.
Entering 2024, Chipotle Mexican Grill (NYSE: CMG ) stock remains a best-in-class restaurant stock with plenty of growth ahead of it. Investors who take a position now are sure to be rewarded with strong gains.
Shell PLC (LSE:SHEL, NYSE:SHEL) has shareholder rebellion on its hands which is different from the run-of-the-mill investor insurrection, which tends to focus on directors' pay and excessive bonuses. Holders of around 5% of the Anglo-Dutch oil giant's equity have teamed want to hold it to the 2015 Paris emissions agreement.
The world's richest person said he doesn't have enough control over the company where he's chief executive and the leading shareholder.
I've been buying Eagle Point Credit Series D Preferreds since the market selloff in September 2023. These offer an 8.36% yield on cost and are trading for roughly 80 cents on the dollar. A cut to base interest rates this year should support capital appreciation as I continue to collect their monthly dividends.
Rolls-Royce Holdings PLC (LSE:RR.) was hit by a rare downgrade on Tuesday, sending shares down by 1.1%.
Deutsche Bank AG Chief Financial Officer James von Moltke believes consolidation would be healthy for the banking industry but says current conditions are not favorable, Bloomberg News reported on Tuesday.
UBS analysts shook up their ratings of European drugmakers, including making a double-downgrade of AstraZeneca and a double-upgrade of U.K. rival GSK.
Ares Management Corporation has outperformed other alternative asset managers with a one-year total return of about 57% due to its emphasis on private credit. ARES had a strong AUM and fee growth in the past few years. Private credit is still considered under-allocated by institutional investors and is projected to be one of the strongest asset classes for inflows.
Recently, publicly traded cryptocurrency-related companies have taken center stage in the financial world, particularly after the approval of the Bitcoin spot exchange-traded fund (ETF).
Apple is readying itself to remove a blood-oxygen sensor from some of its smartwatches in an effort to avoid an import ban over a patent dispute. However, the consumer-technology giant hasn't given up its fight yet.
The allure of growth stocks has become a pressing theme on Wall Street. Investors just cannot ignore the serenity that established companies provide.
Eric Robertsen, global head of research at Standard Chartered Bank, says "with real estate prices down quite a bit, equity prices down, and China's interest rates all below 3% now, the vehicle, or the avenue, for accumulating savings, I think, looks impaired."
QuantumScape's partner just released better-than-expected data from testing its solid-state battery cells. The results give hope of a fast-charging, long-life battery -- which should entice more customers.
Shares of Hugo Boss fell as much as 11% on Tuesday after the iconic German clothing company said its fourth-quarter earnings would fall short of analyst expectations.
US stock market rises as investors hope for easing financial conditions in 2024, leading to stretched valuations. SPDR Portfolio Developed World ex-US ETF provides exposure to markets with more sensible valuations. US equities are overvalued, concentrated in tech stocks, and face potential risks from a more hawkish Federal Reserve.
Unity is laying off a significant number of employees to start 2024.
Elon Musk wants around 25% voting control at Tesla before growing the electric-vehicle maker into a leader in AI and robotics, the CEO says.
Microsoft just surpassed Apple as the world's most valuable company. Microsoft is dazzling investors with the growth of its cloud and AI businesses, but Apple is disappointing them with its lack of near-term catalysts.
Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.
Shares in Blackbird PLC (AIM:BIRD, OTCQX:BBRDF) flew 12% higher to 6.7p after it confirmed preparations for the launch of its new cloud-based video editing software are going to plan. Aimed squarely at the massive video creator market, where YouTubers, TikTokers and Instagrammers jostle with daily new video content, elevate.io is ready for full launch around March time, the company said.
Searching for undervalued growth stocks takes a bit of extra work, especially in a market that saw many of them surge in the previous year. However, investors who dig for these stocks and remain invested in the long run can outperform the market.
Space stocks could be entering into a new golden age for investors. These companies have just entered the mainstream awareness, meaning there's plenty of fuel left in the tank for these brands to shoot to new heights.
Apple Inc (NASDAQ:AAPL, ETR:APC) has removed the blood oxygen monitoring feature on its latest range of smartwatches to avoid a US import ban. US Customs and Border Protection decided that the Apple Watch Series 9 and Ultra 2 were no longer subject to an import ban after the tech company removed the pulse oximeter feature from the products.
Microsoft CEO Satya Nadella said while he wants consistency and good governance at partner OpenAI, he's not worried about the company's nonprofit structure and doesn't want greater control over his partner. “What we just want is good stability,” he said at Bloomberg House on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Pershing Square has a solid track record of delivering returns that have averaged 15.7% per year, after fees since the fund's launch in 2004. With 26% insider ownership, management has a significant stake in the company. Its interests are aligned with shareholders, and this ownership stake has steadily increased over time. Management is buying back shares below NAV, increasing NAV per share, while also consolidating ownership for the remaining shareholders. Over the last six years, the company has repurchased 24.6%.
American Express, often grouped with Visa and Mastercard, is undervalued in the market due to the inaccurate comparisons with traditional banks due to its status as a bank holding company. The bank holding company status actually benefits American Express from diversified revenue streams, lower borrowing costs, and access to federal reserve funding. American Express reported robust results in its financial metrics like network volume, cards-in-force, and strong free cash flow compared to Visa and Mastercard.
New York Times (NYSE: NYT) stock price is surging as investors cheer its growing market share in the United States. It has jumped even as other media companies like Buzzfeed, Washington Post, and Messenger go through a tough period.
Microsoft CEO Satya Nadella on Tuesday said he had no issue with partner OpenAI's governance structure, two months after the startup's non-profit board temporarily ousted its chief executive without regard to investors' interests.
4 American Retailers You Should Consider Buying
Rightmove PLC (LSE:RMV) shares took a tumble on Tuesday hit by a downgrade by JPMorgan. The investment bank has downgraded the online property website to ‘underperform' from ‘neutral,' pushing shares down 4.5% to 539.10p.
Federal Realty is the Dividend King we currently like the most, with undervalued shares and solid fundamentals. The company has a strong competitive advantage thanks to the excellent locations and quality of its properties. Federal Realty has a strong balance sheet, high and improving occupancy rates, and a track record of increasing dividends for 56 consecutive years.
The pet category is booming. Booming more than ever, one could say.
Global X Silver Miners ETF is showing signs of life, and a period of outperformance is likely following years of relative weakness versus silver. SIL has outperformed silver prices in recent months and has room to catch up further if the historical pattern repeats. Expensive valuations and overly optimistic Fed rate cut expectations pose risks.
Capgemini and Orange are pleased to announce the launch of commercial activities of Bleu, their future “ cloud de confiance ” platform
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) has now confirmed the closing of its proposed $2.5 million equity financing, announced in late December. It noted that the fast-tracked funding satisfied its ‘urgent liquidity needs' and allows it to retain an independent E&P technical consultant, appoint a chief restructuring officer, and maintain its public listings in London and Canada.
Hours after Donald Trump tightened his grip on the Republican presidential nomination, Microsoft CEO Satya Nadella says the firm has a role to play in safeguarding the election process amid the growing risk of misinformation. "We as a company have to do our best work," Nadella said during a discussion at Bloomberg House on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Kraft Heinz's stagnant performance raises questions about its potential while its valuation metrics point to a value investment opportunity. International sales are growing while US sales struggle and KHC is focusing on emerging markets for long-term growth. Cash flow generation is strong, and favorable margin trends indicate potential profitability gains in the future.
Card Factory (LSE:CARD) said profits this year will be at the top of market forecasts after strong trading through its stores in the run-up to Christmas. Like-for-like store revenue was up by 7.8% in November and December as the number of transactions rose and average basket value increased, helped by targeted price rises.
QinetiQ Group PLC (LSE:QQ.) has announced a £100 million share buyback on the back of a strong third quarter performance.
Artemis Resources said it is waiting for assay results from the recent drilling at the Osborne joint venture in Western Australia. Three diamond drill holes were completed at Osborne including two at the Southern pegmatite trend and one at the Kobe pegmatite trend with pegmatite intersections up to 24.6m thick, 550m down dip of Osborne trend lithium pegmatite surface outcrops.
Experian (LSE:EXPN) upgraded its outlook for the year to March after organic revenue growth came in higher than expected for the past quarter. On an organic basis at constant exchange rates, revenue at the FTSE 100-listed credit reporting group grew 6% in the three months to the end of December, while total revenue at actual exchange rates was up 9%.
Rising dollar and Treasury yields pressure gold, as Fed speeches this week shape XAU/USDs short-term outlook.