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Latest Stock Market News
Latest Stock Market News
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.
09:09am, Tuesday, Aug 20, 2024
Tuesday Markets: Markets rally as S&P 500 and Nasdaq mark 8-day winning streak. GM announces layoffs. Lowe’s cuts outlook despite earnings beat. Bitcoin and crypto gain on rate cut hopes.
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.
08:27am, Tuesday, Aug 20, 2024
Explore 3 healthcare stocks worth watching in September, with net profit margins over 10%, YTD gains up to 65%, and strong EBITDA margins.
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.
04:10am, 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.
03:55am, Tuesday, Aug 20, 2024
BHP swiftly resolves a six-day strike at its Escondida copper mine, securing favorable terms for workers amidst soaring copper prices. This sets a potential benchmark for labor negotiations across the mining sector as demand intensifies.
03:51am, Tuesday, Aug 20, 2024
Alaska Airlines (NYSE: ALK) has cleared a key regulatory hurdle for its $1.9 billion merger with Hawaiian Airlines (NASDAQ: HA) after the DOJ concluded its investigation. This development could open new opportunities for investors as the airlines expand their networks.
03:48am, Tuesday, Aug 20, 2024
Northvolt is shifting its R&D operations back to Sweden from California, aiming to enhance productivity amid recent challenges. This strategic move could boost its lithium-metal technology and position it favorably in the electric vehicle market, making it a stock to watch.
09:46am, Monday, Aug 19, 2024
Celcuity Inc. (NASDAQ: CELC) reported a Q2 2024 net loss of $23.7M, up from $14.6M last year. Despite challenges, the biotech firm is advancing gedatolisib in crucial trials and raised $129M for future initiatives, positioning for potential growth in the cancer treatment market.
09:18am, Monday, Aug 19, 2024
Monday Markets: AMD rises on AI acquisition, Estee Lauder drops, and Starbucks faces challenges with mobile orders.
08:47am, Monday, Aug 19, 2024
Liquidia Corporation (NASDAQ: LQDA) faced a 40% stock drop after the FDA delayed approval for its inhaled drug yutrepia due to United Therapeutics' exclusivity on Tyvaso DPI. The situation highlights the volatility in biopharma investments amid patent disputes.
07:31am, Monday, Aug 19, 2024
ZIM Integrated Shipping Services (NYSE: ZIM) exceeded Q2 earnings expectations with EPS at $3.08, beating forecasts by $1.30. Revenue also rose to $1.93 billion, signaling strong demand. The stock has gained 53.71% over the past year, attracting investor interest.
06:25am, Monday, Aug 19, 2024
B. Riley Financial (NASDAQ: RILY) shares fell 8.6% in premarket trading after a tumultuous week, following a 65.5% drop that left them at a decade low. Co-CEO Bryant Riley's buyout attempt offers little solace amid SEC scrutiny and potential Q2 losses.
05:59am, Monday, Aug 19, 2024
XPeng Inc. (NYSE: XPEV) shares dipped 1% after Q3 revenue guidance fell below expectations. While Q2 showed improvement with a smaller loss and decent revenue, the outlook for Q3 is less optimistic. Investors are wary as vehicle delivery targets are missed.
05:29am, Monday, Aug 19, 2024
Nvidia (NASDAQ: NVDA) is set to announce its fiscal Q2 2025 earnings on August 28, with Wall Street optimistic about strong demand for its GPUs crucial for AI applications. Despite potential Blackwell chip delays, analysts expect solid Data Center growth. Goldman Sachs maintains a Buy rating with...
05:03am, Monday, Aug 19, 2024
Eli Lilly's Zepbound, a groundbreaking GLP-1 agonist, is quickly becoming a blockbuster, complementing Mounjaro and competing with Novo Nordisk. With the obesity treatment market expected to reach $100 billion by 2030, Eli Lilly is a compelling long-term investment.
04:55am, Monday, Aug 19, 2024
MTY Food Group (OTC: MTYFF) presents a solid investment opportunity amid market volatility. Known for strategic acquisitions and robust cash flow, it offers a 2.5% dividend yield and is potentially undervalued. Aiming for steady growth, MTY is a smart choice for traders.
04:44am, Monday, Aug 19, 2024
Plus500 (LON: PLUSP) shares rose 4.4% after a strong Q2 report, revealing increased guidance and robust financials. With a $185.5M shareholder return and a debt-free balance sheet, analysts maintain a "buy" rating, eyeing growth in Japan and the US.
08:31am, Friday, Aug 16, 2024
Earnings reports to watch today include VinFast Auto (NASDAQ: VFS) expected to post a loss, Flowers Foods (NYSE: FLO) with earnings of $0.33, and Immersion Corp (NASDAQ: IMMR) anticipating $0.50 EPS. Stay updated for market impacts.
08:12am, Friday, Aug 16, 2024
U.S. markets see a rally, with the S&P 500 and Nasdaq on six-day winning streaks. Consumer spending outpaces expectations, and iPhone shipments in China recover.
05:20am, Friday, Aug 16, 2024
Tech stocks lead a market rally amid easing recession fears, with the S&P 500 up 7% and Nasdaq 8% since August. Nvidia shines with a 21% surge, buoyed by positive economic data and resilient consumer spending, signaling potential growth opportunities for investors.
05:08am, Friday, Aug 16, 2024
German automaker BMW has announced a recall affecting 1.36 million vehicles in China, as flagged by the country's regulatory authorities.
04:53am, Friday, Aug 16, 2024
Oil prices are set for a second week of gains amid positive U.S. economic indicators, despite minor dips on Friday. Brent crude rose 1.3%, while WTI increased 1.2%. Traders should consider geopolitical tensions and mixed Chinese demand in their strategies.
08:48am, Wednesday, Aug 14, 2024
Stocks surged Tuesday with the Nasdaq soaring 2.43%. Inflation news, tech updates from Google, and mortgage rate drops contributed to market movements.
07:03am, Wednesday, Aug 14, 2024
Elbit Systems (NASDAQ: ESLT) reported a strong Q2 EPS of $1.76, exceeding forecasts by $0.17 and generating $1.63 billion in revenue. Despite recent stock declines, positive EPS revisions signal potential for future growth. Traders should watch upcoming earnings closely.
06:09am, Wednesday, Aug 14, 2024
Check today's dividend calendar featuring key payouts from companies like Lehman ABS and Air T, Inc. Highlights include dividend yields up to 2.96% and payment dates between August and September 2024. For details, visit our Dividend Calendar.
05:34am, Wednesday, Aug 14, 2024
Mars, Inc. is set to acquire Kellanova (NYSE: K) for nearly $30 billion, marking its largest buy to date. This strategic move aims to strengthen its snack portfolio amidst market pressures, potentially impacting stock prices and broader industry trends.
04:25am, Wednesday, Aug 14, 2024
Intel (NASDAQ: INTC) divested 1.18 million shares of Arm Holdings, netting $146.7M to enhance liquidity amid a challenging chip market. Facing job cuts and halted dividends, Intel shifts focus to AI chip development, while managing rising costs and declining stock value.
04:21am, Wednesday, Aug 14, 2024
Foxconn (Hon Hai) reports a 6% net profit increase in Q2, driven by strong AI server demand. With a profit of T$35.05 billion, it's the fourth consecutive growth quarter. Analysts predict further expansion as new iPhone sales and AI market demand rise.
04:19am, Wednesday, Aug 14, 2024
UBS Group AG reported a Q2 net profit of $1.14 billion, surpassing estimates of $528 million, following its Credit Suisse merger. CEO Sergio Ermotti noted significant progress, despite market challenges. Analysts are closely monitoring UBS's integration and cost-saving efforts.
04:12am, Wednesday, Aug 14, 2024
Thyssenkrupp AG's stock fell 2.4% to €3.215 amid disappointing Q3 results, highlighting declining orders and a €33 million net loss. Revised forecasts for 2024 indicate further challenges, including job cuts and restructuring efforts amid a bearish outlook.
09:23am, Tuesday, Aug 13, 2024
Warner Bros. Discovery (NASDAQ: WBD) received a downgrade from Bernstein, shifting from "Outperform" to "Market-Perform" with a new price target of $8, citing disappointing Q2 results and ongoing challenges in the linear TV sector.
09:06am, Tuesday, Aug 13, 2024
Tuesday Markets: Chipotle's CEO Brian Niccol to join Starbucks, PPI report shows slowing inflation, and Macy’s plans to close stores, reshaping mall landscapes.
