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News Digest /
Lukas Schmidt
Author: Lukas Schmidt
02:41am, Friday, Jul 05, 2024
Shell (LON: SHEL) announces up to $2B impairment after selling its Singapore refinery and halting Rotterdam biofuel plant construction. Expect a total post-tax impairment of $1.2B-$1.8B reflected in Q2 results on August 1st. Monitor SHEL stock for strategic impacts.
08:01am, Thursday, Jul 04, 2024
Shares of Continental (ETR: CONG) surged as new insights from its automotive division boosted investor sentiment. Analysts predict Q2 EBIT of €174M, far surpassing expectations. Continental also projects a group-wide adjusted EBIT of €704M, alongside significant cost-cutting in 2024.
07:58am, Thursday, Jul 04, 2024
Smith & Nephew (LON: SN) shares surged after Cevian Capital acquired a 5% stake, signaling confidence in the medical device maker's potential. Despite recent challenges, Cevian aims to boost operational efficiency. Traders see this as a pivotal opportunity.
07:55am, Thursday, Jul 04, 2024
BYD (SZ: 002594) has launched its first Southeast Asia EV factory in Thailand, marking a significant $1.44 billion investment. This new plant, spotlighting Thailand's EV ambitions, boosted BYD's Hong Kong shares by 1.6%. The site will also assemble batteries, with a production capacity of 150,000...
04:55am, Wednesday, Jul 03, 2024
GSK (LSE: GSK) acquired CureVac's (NASDAQ: CVAC) share in joint flu and COVID-19 vaccine projects, enhancing its mRNA tech expertise. CureVac's stock surged 24%, extending its financial runway to 2028 but will cut 30% of its workforce to focus on cancer therapies.
04:53am, Wednesday, Jul 03, 2024
The FDA has approved Eli Lilly's (NYSE: LLY) new Alzheimer's treatment, Kisunla, for early-stage patients, marking it as the second therapy in the U.S. to slow Alzheimer's progression. Priced at $32,000 annually, Kisunla is expected to achieve over $5 billion in peak sales.
04:48am, Wednesday, Jul 03, 2024
**Bpost Shares Hit Record Low After Disappointing Profit Forecast**
Bpost (EBR:BPOST) shares plunged to a historic low as its revised EBIT forecast of €165-185 million sharply missed analysts' €215.7 million estimate. CEO Chris Peeters cited North America's market challenges, with operating inc...
07:01am, Tuesday, Jul 02, 2024
BlackRock Inc. (NYSE: BLK) launches the iShares Large Cap Max Buffer Jun ETF (NYSE: MAXJ), offering a 100% downside hedge for risk-averse investors. This ETF aims to mirror the S&P 500, providing protection against downturns while harnessing market rallies.
06:58am, Tuesday, Jul 02, 2024
NextEra Energy Partners (NYSE: NEP) saw an 8.7% plunge on Monday after an RBC Capital downgrade sparked concerns over potential dividend cuts. Analyst Shelby Tucker cited earnings growth challenges and refinancing hurdles due to $3.7 billion in maturing debt, suggesting a 50% dividend cut might b...
06:51am, Tuesday, Jul 02, 2024
China's BYD (SZ: 002594) reported a 21% Q2 sales surge, narrowing the gap with Tesla (NASDAQ: TSLA). BYD sold 426,039 EVs, just 12,000 units shy of Tesla's projected deliveries. With Tesla's China sales down 24.2% in June, BYD may reclaim the lead.
06:47am, Tuesday, Jul 02, 2024
Nike's (NYSE: NKE) stock plunged 20% to a four-year low after its Q4 2024 earnings report revealed a 2% revenue decline, missing analysts' expectations. Despite a 50% EPS rise, revenue growth stagnated, notably in the Nike Direct segment. Anticipate further challenges as competitors gain momentum...
06:24am, Tuesday, Jul 02, 2024
Sodexo (EPA: EXHO) shares dipped post-third-quarter results, missing analyst revenue growth forecasts at 6.8% vs. 7.0%. Struggles in China and slowing price hikes impacted growth. Despite setbacks, Sodexo reaffirmed annual targets of 6%-8% organic revenue growth.
06:19am, Tuesday, Jul 02, 2024
Jollibee Foods (PSE: JFC) is acquiring a 70% stake in South Korea’s Compose Coffee, valuing it at $340 million. This marks Jollibee’s most expansive global move to date. The stock rose 0.44% post-announcement, with analysts praising the strategic investment.
04:58am, Monday, Jul 01, 2024
Roaring Kitty's Return Fizzles: GameStop (NYSE: GME) stock surged to $48 but now hovers around $25 after Keith Gill's reappearance. Missing the drama and heroes of the 2020 rally, the stock lacks a compelling new narrative, casting doubt on future highs.
04:53am, Monday, Jul 01, 2024
WestJet Airlines (TSE: WJA) has swiftly resolved its mechanics' union strike with a new five-year contract, bringing back 130 grounded aircraft. Despite ongoing disruptions, the deal aims to stabilize operations and address union members' needs. Stockholders will monitor the airline's recovery.