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News Digest /
Lukas Schmidt
Author: Lukas Schmidt
09:56am, Friday, Oct 18, 2024
American Express (NYSE: AXP) exceeded Q3 profit expectations due to cost management, yet shares fell 3.8%. Despite a resilient consumer, high interest rates pose risks. The company raised its 2024 EPS outlook, showcasing strong fundamentals amid economic uncertainty.
09:55am, Friday, Oct 18, 2024
Tobacco giants Philip Morris, British American Tobacco, and Japan Tobacco propose a C$32.5 billion settlement to resolve Canadian lawsuits about health risks. With C$15 billion liabilities pending, traders should monitor stock volatility ahead of a December vote.
08:40am, Friday, Oct 18, 2024
TSMC shares hit an all-time high of T$1,085, rising 4.8% on strong earnings and a 54% profit increase. With a market cap of $874 billion, TSMC remains Asia's most valuable firm. Caution arises over a U.S. inquiry into potential chip supplies for Huawei amid AI demand growth.
05:18am, Thursday, Oct 17, 2024
Lucid Group Faces Turmoil: Q3 Loss Projections Spark 14% Stock Plunge Amid New Public Offering Plans
Lucid Group (NASDAQ: LCID) shares plunged over 14% after dismal Q3 projections, predicting losses between $765M-$790M. The Saudi PIF plans to maintain its 59% stake amid a shifting EV market. Traders await key financial disclosures on November 7.
05:11am, Thursday, Oct 17, 2024
Meta's Oversight Board seeks public input on hate speech moderation related to immigration, examining cases from Poland and Germany that raise concerns about current policies. Traders should note potential impacts on Meta's reputation and revenue from potential changes.
05:07am, Thursday, Oct 17, 2024
On August 14, SEC filings revealed billionaire Steven Cohen's Point72 drastically cut its Nvidia stake by 87%, amid rising GPU competition and regulatory pressures. The fund also significantly increased its investment in Chipotle Mexican Grill, reflecting strategic agility.
07:40am, Wednesday, Oct 16, 2024
ASML Holding N.V. (NASDAQ: ASML) has issued a cautious forecast for 2025 due to weak demand outside AI, causing shares to plunge 37% from a July peak. With clients cutting expansion plans, traders should brace for volatility in semiconductor stocks.
07:37am, Wednesday, Oct 16, 2024
TSMC (NYSE: TSM) is set to announce its Q3 financial results tomorrow, with analysts predicting revenue could reach $23.6 billion. Despite a recent dip in stock, shares are up 84.3% YTD, driven by strong demand from clients like Nvidia and Apple. Stay tuned!
07:28am, Wednesday, Oct 16, 2024
Qualcomm (NASDAQ: QCOM) is delaying its potential acquisition of Intel (NASDAQ: INTC) until after the U.S. presidential election, seeking clarity on regulatory impacts. As Qualcomm evaluates Intel’s upcoming earnings, the merger's future remains uncertain.
07:23am, Wednesday, Oct 16, 2024
Laurent Freixe's appointment as Nestlé CEO raises concerns over potential earnings downgrades and sluggish sales growth. With stock down 15% in 2023, analysts anticipate a shift in strategy to boost innovation and regain consumer trust amid rising costs.
07:19am, Wednesday, Oct 16, 2024
J.B. Hunt's Q3 2024 earnings show a 3% revenue drop and a 17% decline in EPS amid freight industry challenges. However, intermodal volume rose 5%, and the company plans $625M in capex. Traders should watch for signs of stabilization and ongoing operational adjustments.
07:16am, Wednesday, Oct 16, 2024
Interactive Brokers (NASDAQ: IBKR) delivered impressive Q3 2024 results, driven by favorable market conditions post-interest rate cuts. Client accounts surged by 196,000; client equity rose 46% to $541.5B. Revenue soared, highlighting strong growth and an optimistic outlook.
07:13am, Wednesday, Oct 16, 2024
Hancock Whitney Corporation (NASDAQ: HWC) reports Q3 2024 net income of $116M ($1.33/share), aided by a 3.39% net interest margin. Despite a $450M loan reduction and declining deposits, the bank emphasizes operational efficiency and future growth potential.
07:11am, Wednesday, Oct 16, 2024
U.S. Bancorp (NYSE: USB) exceeded EPS expectations with $1.03 but missed revenue targets at $6.86 billion. The stock remains strong, up 34.71% year-over-year. Traders should weigh the EPS beat against revenue concerns amid economic uncertainties.
