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Big oil companies like Hess (NYSE: HES) and the classics such as Chevron (NYSE: CVX) and even Exxon Mobil (NYSE: XOM) are raking in big profits lately. It goes to show just how excited the market has become over other areas of the economy, like semiconductor and technology stocks, which is where all the growth came to focus for the future pricing of stocks. Now that the newest earnings season has kicked off, investors are all the more focused on the biggest names in the industry, names like NVIDIA (NASDAQ: NVDA) and Intel (NASDAQ: INTC). However, the smaller names typically end up surprisin....
Equity markets continue to hover at all-time highs as earnings reports are delivered. The news is that Q4 results are better than expected, but the Q1 and H1 2024 outlooks are deteriorating. The upshot is that the FY outlook expects solid growth, but a risk exists. Most of the growth is expected in the 4th quarter, which is far off. If the trends remain steady through year-end, the consensus figure will likely fall before the reporting period begins. The question is, by how much?
Among the highlights of the Q4 season is AI. AI drives results for those who can implement it; Palantir is a prime example. The analysts have left the stock for dead, but the company continues to outperform expectations on expanding demand for its AI-powered platform. The takeaway is that AI will be a theme for the remainder of the year and will impact the earnings outlook. Estimates for companies like NVIDIA, AMD, Microsoft and Meta continue to rise and may help the S&P 500 sustain an uptrend regardless of weakness in other industries.
Big oil companies like Hess (NYSE: HES) and the classics such as Chevron (NYSE: CVX) and even Exxon Mobil (NYSE: XOM) are raking in big profits lately. It goes to show just how excited the market has become over other areas of the economy, like semiconductor and technology stocks, which is where all the growth came to focus for the future pricing of stocks. Now that the newest earnings season has kicked off, investors are all the more focused on the biggest names in the industry, names like NVIDIA (NASDAQ: NVDA) and Intel (NASDAQ: INTC). However, the smaller names typically end up surprisin...
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Fifteen years ago, bourbon barons poured whiskey out on the steps of the Kentucky Capitol to protest a looming tax increase on the spirits industry. On Tuesday, industry leaders reassembled with a bipartisan group of Kentucky leaders to toast the bourbon sector's record growth.Kentucky's bourbon industry pumps $9 billion into the Bluegrass State's economy each year, creating more jobs and attracting more tourists than ever before, according to a study released Tuesday. More rounds of growth are expected as Kentucky producers make billions of dollars in capital investments.Democratic Gov. Andy ...
Nowadays, the market sends mixed signals to virtually every investor attempting to participate today, squeezing out a few percentage points of gains from the stock movements. With the Federal Reserve (Fed) proposing interest rate cuts this year and a FedWatch tool at the CME Group (NYSE: CME) now pushing the probability of them happening by May of this year, there are a lot of itchy fingers today. Amid this uncertainty, some investment dollars may look to more "defensive" places like healthcare stocks and other stable sectors like the Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP).
Ford Motor Co. on Tuesday reported that it swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union.The Dearborn, Michigan, automaker posted a $523 million loss from October through December versus a $1.26 billion profit for the same period a year ago.Excluding one time items, the company made 29 cents per share, beating Wall Street estimates of 12 cents, according FactSet. Revenue for the period was $46 billion, up 4% from a year ago, beating estimates of $43 billion.Ford reported a $1.7 billion noncash accounting loss during the quarter on remeasurement of pension and other post-retirement employee benefits.
McDonald’s (NYSE: MCD) had a solid quarter, but headwinds cut into the top line and will persist for the foreseeable future. The headwinds include war in the Middle East and consumer pull-back in the US, but that is the worst news. Headwinds aside, the company continues to grow and gain leverage within existing and new markets, providing a lever for growth later in the year. The Mid-East war is unpredictable; it could linger for years, but the FOMC is expected to cut rates later this year and ease pressure on consumer spending dollars. Between then and now, shares of MCD may pul...
JPMorgan Chase plans to open at least 500 new branches in the next three years, the bank said Tuesday. It will reverse a decade-long industry trend where banks like JPMorgan and Bank of America have closed branches as fewer Americans need to cash a paycheck or pull money out of an ATM. The new branches will be primarily located in cities such as Boston, Charlotte, Washington, D.C. as well as Philadelphia and Minneapolis. These are markets that Chase has expanded into in recent years, and are cities that are noticeably dominated by other big banks. For example Minneapolis is the dominant market for US Bank and Charlotte is dominated by Bank of America and Wells Fargo.
Shares of Corbus Pharmaceuticals (NASDAQ: CRBP) have already experienced a meteoric rise of over 300% year-to-date. This is thanks to fresh news released two Fridays ago, on January 26. The company released early but promising data from its Phase 1 trial involving cancer patients treated with its antibody-drug conjugate CRB-701. This particular drug conjugate stands among three pivotal drugs currently undergoing clinical trial phases, but its progress has notably accelerated in terms of anticipated approval prospects, supported by these promising results. With the recent groundbreaki...
Atletico Madrid is revamping its training facilities. Sevilla and Valencia are rebuilding their stadiums. Sporting Gijon is expanding its youth academy.Spanish clubs this week are meeting to showcase and discuss projects funded by their shares of the $2.1 billion that private equity group CVC Capital Partners is investing in the Spanish league. Real Madrid and Barcelona opposed the deal and are not part of the agreement that gave Luxembourg-based CVC a 8.25% stake in a new company that manages TV rights from the Spanish league, whose two-day conference began Tuesday.The 2021 deal was the first...
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