Sign In
News Digest /
Lukas Schmidt
Author: Lukas Schmidt
07:06am, Wednesday, Aug 21, 2024
Target Corporation (NYSE: TGT) shares soared 15% in premarket trading after reporting strong Q2 earnings, with adjusted EPS of $2.57 and revenues of $25.45 billion. The company raised its annual EPS guidance, making it a stock to watch for savvy investors.
07:00am, Wednesday, Aug 21, 2024
FinVolution Group (NYSE: FINV) shares fell 2.2% in premarket trading after mixed Q2 results with adjusted EPS of $0.30 and revenue of $435.9 million missing expectations. Despite modest growth in China, international transaction volumes surged 27.8%, prompting cautious optimism.
06:08am, Wednesday, Aug 21, 2024
Geely (HKG: 0175) reported a staggering 300% rise in core EBIT for Q2, reaching 2.78 billion yuan. Revenue grew 5.1%, and net profit surged by 99% to 3.13 billion yuan. Analysts see strong potential, making Geely a stock to watch.
05:25am, Wednesday, Aug 21, 2024
ZTO Express (NYSE: ZTO) surpassed Q2 expectations with earnings of RMB3.38 per share and revenues of RMB10.73 billion, driving a 3% rise in after-hours trading. Despite a slight dip in market share, the company aims for a 15-18% volume growth in 2024.
05:08am, Wednesday, Aug 21, 2024
Grifols SA (BME: GRLS) shares rose 2.6% to €9.105 following reports that Brookfield Asset Management is considering a €9.5 billion debt facility for a potential acquisition, aimed at taking the Spanish pharmaceutical company private.
04:53am, Wednesday, Aug 21, 2024
Alcon (SIX: ALCC) shares fell 2.9% post-Q2 earnings miss, despite a reaffirmed 2024 optimistic outlook. While segments like Surgical and Implantables showed growth, declines in Equipment and Ocular Health raise concerns. Analysts suggest potential margin improvements ahead.
04:21am, Wednesday, Aug 21, 2024
Walmart (NYSE: WMT) is divesting its entire $3.74 billion stake in JD.com (NASDAQ: JD), ending an eight-year partnership to refocus on its China operations amidst a tough e-commerce environment. JD.com shares fell over 10% post-announcement, despite a $390 million buyback plan.
09:00am, Tuesday, Aug 20, 2024
Microsoft's steady presence in the top ten companies for over two decades underscores the stock market's cyclical nature. As market concentration increases, traders must adapt, recognizing both current leaders and future contenders to navigate evolving dynamics.
08:54am, Tuesday, Aug 20, 2024
Johnson & Johnson (NYSE: JNJ) plans to acquire medical device firm V-Wave for up to $1.1 billion, with $600 million upfront. This move aims to boost J&J’s medical device sector, signaling potential growth and market competitiveness for traders to watch.
05:45am, Tuesday, Aug 20, 2024
Zealand Pharma (CSE: ZELA) shares climbed 3.8% to DKK 943.50, buoyed by CEO remarks on potential partnerships for its weight loss drug. Jefferies predicts significant sales potential for the amylin pipeline, maintaining a "buy" rating amidst favorable trial results.
04:15am, Tuesday, Aug 20, 2024
Search efforts continue for six missing after the sinking of the luxury yacht Bayesian near Sicily, including tech entrepreneur Mike Lynch. The incident raises concerns about maritime safety amid extreme weather patterns affecting the region.
04:10am, Tuesday, Aug 20, 2024
Peloton Interactive (NASDAQ: PTON) has plunged 98% since its 2021 peak, struggling post-pandemic despite efforts to revive sales. With steep revenue declines and a low P/S ratio of 0.4, investors are cautioned against this potential "value trap."
04:05am, Tuesday, Aug 20, 2024
David Tepper's Strategic Stock Moves: Should Investors Follow His Lead with UPS and Energy Transfer?
Billionaire hedge fund manager David Tepper's latest moves include boosting his stake in United Parcel Service (UPS) while reducing investment in Energy Transfer (ET). With UPS showing promise for recovery and attractive dividends, traders may consider following Tepper's strategy.
04:01am, Tuesday, Aug 20, 2024
Trump Media & Technology Group (NASDAQ: DJT) sees a 3.56% drop to $22.24, its lowest since March. With Q2 losses over $16M and a meager $770K revenue, questions arise about its valuation and volatility, crucial for traders navigating this unpredictable stock.
