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News Digest /
Lukas Schmidt
Author: Lukas Schmidt
03:08am, Friday, Jul 19, 2024
Charles Schwab (NYSE: SCHW) faced a tough week as its stock dipped following an earnings report and suspension of share buybacks to reduce debt. The company reported slightly better adjusted EPS of $0.73 but missed revenue targets. With investors wary and CFO Peter Crawford pinning hopes on futur...
03:04am, Friday, Jul 19, 2024
Microsoft (NASDAQ: MSFT) faced a significant disruption to its Azure and Office 365 services, grounding flights of Frontier and Sun Country Airlines. The issue, caused by a configuration change in Azure, continues to affect Microsoft 365 apps. Traders should monitor MSFT stock closely.
03:03am, Friday, Jul 19, 2024
Swedish defence firm Saab (STO: SAAB) posted a 25% rise in Q2 operating profit, surpassing expectations with 1.33B crowns ($125M). Driven by a record 176% surge in order bookings and growing global defence demands, Saab forecasts 15-20% organic sales growth for 2023.
05:02am, Thursday, Jul 18, 2024
Ray Dalio's Bridgewater Associates has notably increased its holding in Nvidia (NASDAQ: NVDA), doubling its position to 7 million shares, now worth over $600 million. With Nvidia leading AI advancements and showing strong fundamentals, this strategic move underscores Bridgewater's bullish outlook...
04:59am, Thursday, Jul 18, 2024
QuantumScape Inc. (NYSE: QS) saw a stark 29.2% decline in early 2024 but rebounded 78% in July, with a year-to-date gain of 27%. Key drivers include a new deal with Volkswagen's PowerCo and advancements in their solid-state battery tech. Financially strong, the company is set for future growth. ??
04:53am, Thursday, Jul 18, 2024
Kinder Morgan (NYSE: KMI) faced a challenging Q2, with higher costs and weak CO2 performance contributing to a revenue miss at $3.57B, falling short of analysts' $4.13B forecast. Despite a 6.3% drop in CO2 core profit and earnings missing estimates, the company is optimistic about future natural ...
04:48am, Thursday, Jul 18, 2024
Nokia (NYSE: NOK) reported a 32% drop in Q2 operating profit due to weak 5G equipment demand, with profits falling to €423M compared to €619M last year. CEO Pekka Lundmark remains cautiously optimistic for H2, maintaining the full-year outlook. Follow Nokia closely for potential recovery.
04:44am, Thursday, Jul 18, 2024
Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) has raised its Q3 revenue forecast by up to 34%, fueled by high AI-driven semiconductor demand. Q2 profit surged to T$247.8 billion, surpassing expectations. Revenue jumped 33% to $20.8 billion, with a robust Q3 outlook of $22.4-$23.2 billion.
04:38am, Thursday, Jul 18, 2024
United Airlines (UAL) missed market expectations in Q2, posting $14.99B in revenue, short of the $15.11B forecast. However, a 4.8% drop in CASM and an EPS of $4.14, slightly above estimates, reflect operational efficiency. Q3 guidance ($2.75-$3.25 EPS) lags behind expectations, but UAL remains op...
04:28am, Wednesday, Jul 17, 2024
EssilorLuxottica (EPA: EL) announces strategic acquisitions of Supreme for $1.5B from VF Corporation (NYSE: VFC) and an 80% stake in Heidelberg Engineering. The moves aim to diversify its market presence in fashion and ophthalmology, creating new revenue streams and investment opportunities.
04:21am, Wednesday, Jul 17, 2024
Donald Trump's recent comments on Taiwan's defense obligations triggered a 2.4% dip in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares. Amid heightened geopolitical tensions with China and U.S. support intricacies, traders eye TSMC closely.
04:16am, Wednesday, Jul 17, 2024
HSBC Holdings Plc (LSE: HSBC) appoints Georges Elhedery as CEO, succeeding Noel Quinn effective September 2. Elhedery, former CFO and leader of the bank's Global Banking and Markets division, aims for sustainable growth. Investors await HSBC's annual results on July 31.
04:09am, Wednesday, Jul 17, 2024
Adidas (OTC: ADDYY) shares surged 5% to a two-year high after revising its annual forecast upward, driven by strong Q2 results and popular terrace Originals lines among U.S. consumers. Shares hit 239 euros, recording the largest single-day gain in three months. Puma (ETR: PUM) also benefited, ris...
04:14am, Tuesday, Jul 16, 2024
Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) are emerging AI chip contenders. Broadcom’s transformative acquisitions bolster its revenue and AI market presence, projecting $11B in AI chip revenue for 2024. Meanwhile, Marvell focuses on DPUs and data centers, expecting AI revenue ...
04:13am, Tuesday, Jul 16, 2024
ASML (AMS: ASML) will reveal its Q2 results this Wednesday, amidst high expectations of new AI chip orders. Led by new CEO Christophe Fouquet, the company may upwardly revise guidance. Analysts predict net income of €1.41B on revenues of €6.04B, driven by demand from major clients like TSMC. With...
