Equities

Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models
UBS Upgrades China Stocks Amid 'Valuation Collapse': What Investors Need to Know
Wall Street Set To Open Higher As Tesla Kicks Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy Pullback'
UBS Upgrades China Stocks Amid 'Valuation Collapse': What Investors Need to Know
Wall Street Set To Open Higher As Tesla Kicks Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy Pullback'
'China's Netflix' Wants To Woo Aging Population With AI Content After Turning Profitable
Golden State Goes Green: California's Battery Storage Outshines Gas, Renewables For First Time As Tesla CEO Musk Lauds 'Major Milestone'

Equities Recent News

Incyte Should Consider Significant Stock Buyback And Prioritize R&D, Analyst Recommends
Incyte acquires Escient Pharmaceuticals for $750 million, bolstering its pipeline. Cantor Fitzgerald initiates coverage with a Neutral rating, citing undervaluation concerns despite strong cash flow.
General Motors' Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a 'Prove Me' Quarter For CEO Mary Barra?
General Motors shares are trading higher on Tuesday after raising its outlook for FY24, following a first-quarter beat. According to Wedbush analyst Daniel Ives, the company is focusing heavily on profitability, with expenses continuing to be a big priority. BofA Securities analyst John Murphy said in a new investor note that there was optimism heading into the quarter.
What Analysts Are Saying About PepsiCo's Q1 Earnings?
PepsiCo Inc's Q1 FY24 success unfolds: a 2.3% sales growth to $18.25 billion surpassing estimates. Adjusted EPS of $1.61 beats consensus, prompting analyst optimism. BofA Securities reiterates a Buy with a $210 price target, citing 5% pricing growth driving gross margin expansion. Meanwhile, Goldman Sachs maintains a Buy with a $200 price target, impressed by topline growth and EPS increase despite challenges from recalls, highlighting PepsiCo's resilience and long-term growth potential.
Who's Winning In Weed? Analyst Looks At Cannabis Market's Big Players, Where Are The Best Bets?
In the first quarter of 2024, the cannabis sector faces a mixed economic landscape with a notable sequential decline in sales across several states.
RTX Soars Above Estimates in Q1, Reiterates FY24 Outlook
RTX Corporation (NYSE: RTX) reported 12% increase in Q1 FY24 net sales to $19.3 billion, beating consensus. Collins Aerospace and Pratt & Whitney drove the growth.
What's Going On With Freeport-McMoRan Shares Today?
Freeport-McMoRan reports Q1 FY24 results, beats expectations in revenue and adjusted EPS. Copper and gold sales increase.
Automotive Industry Shifts Gears: Electric Cars To Dominate Roads By 2030
The future of the automotive industry looks upbeat, with almost one-third of cars on China's roads expected to be electric by 2030, along with nearly one-fifth in both the U.S. and the European Union, according to a report by the International Energy Agency (IEA).
Why Capri Holdings And Tapestry Shares Are Falling Today
Capri Holdings and Tapestry shares decline as FTC files lawsuit to block Tapestry's acquisition of Capri, citing anti-competitive concerns.
Quest Diagnostics Says Sales In Q1 Increased For The First Time Since The Height Of Pandemic
Latest financial insights from Quest Diagnostics. Q1 results beat estimates with adjusted EPS of $2.04 and sales of $2.34 billion, showcasing nearly 6% base business revenue growth.
What's Going On With Food Processing Company Archer-Daniels-Midland Shares Today?
ADM shares down as CFO Vikram Luthar resigns effective Sept. 30, 2024. Luthar to receive $743K incentive for 2023 and remain as non-executive until then.
What's Going On With Trump Media & Technology Stock On Tuesday?
Trump Media & Technology Group shares drop as the company urges shareholders to prevent short selling and alleges market manipulation.
Lockheed Martin's Q1 Revenue Climbs Amid Fluctuating Profit Margins, 2024 Outlook Reaffirmed
Lockheed Martin reported strong Q1 results with net sales of $17.195 billion, beating expectations. Backlog of $159 billion and reaffirmed FY24 outlook.
Why Equipment Rental Firm Herc's Shares Are Surging Today
Herc Holdings' Q1 FY24 reported a 9% sales surge to $804 million, surpassing analyst projections. Boosted by a $65 million increase in equipment rental revenue, driven by both favorable pricing and volume growth, the company demonstrates resilience and strategic foresight in navigating market dynamics.
FTC Files Lawsuit To Block $8.5B Merger Of Coach And Versace Handbag Makers
This unusual antitrust challenge against a high-end fashion merger could potentially set a new standard for luxury deal regulation, according to several antitrust lawyers.
Auto Parts Provider LKQ Falls Over 13% After Q1 Earnings - Here's Why
LKQ Corporation shares plummet post-Q1 earnings miss, lowered FY24 outlook citing softer demand and higher expenses.
Why Logistics Provider Ryder System's Shares Are Shooting Higher Today
Dive into Ryder System's Q1 FY24 success story: a 4.95% sales surge to $3.098 billion, exceeding analyst forecasts. While Fleet management solutions revenue dipped by 3%, Supply Chain Solutions and Dedicated Transportation Solutions soared by 8% and 24% respectively. With EPS reaching $2.14, surpassing estimates, and strategic cost-saving initiatives yielding results.
Jim Cramer Weighs In After iPhone Sales Reportedly Plummet 19% In China In Q1: 'Another Dump On Apple iPhone Day'
Jim Cramer called it "dump on Apple iPhone day," saying he sees a further decline in Apple's stock after iPhone China sales fell 19% in Q1.
Why Homebuilder PulteGroup Shares Are Higher Today
PulteGroup (PHM) reported Q1 FY24 results, with revenue at $3.95B, beating expectations. Home sale revenue rose 10% and gross margin increased by 50bps. Net new orders increased 14% and EPS rose 32%.

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