Summary: Taylor Pendrith won his maiden victory on the PGA Tour at the CJ Cup Byron Nelson, earning $1.71 million. This victory also secured his spot in upcoming major events like the PGA Championship and allowed him exemptions for several top tournaments in the 2025 season.
Full articleSummary: Amgen reported higher quarterly profit on strong sales of treatments for cholesterol, osteoporosis, and other drugs. They slightly raised their outlook for full-year revenue and profit and expect the Horizon deal to close by mid-December.
Full articleSummary: Raytheon Technologies secured a $1.23 billion contract to supply fire units for the PATRIOT Missile System, highlighting the solid demand for the system in the missile defense market. Other companies such as Northrop Grumman, Lockheed Martin, and General Dynamics are positioned to benefit from the surging demand for missile products.
Full articleSummary: Citigroup (C) reported a positive earnings surprise of 46.4% in Q2 2021, with net income of $6.19 billion. Revenues declined 12% year over year to $17.47 billion. Balance sheet improved with assets totaling $2.33 trillion, and a solid capital position with Common Equity Tier 1 capital ratio at 11.9%.
Full articleSummary: General Dynamics (GD) closed at $222.37 with a +1.12% move, lagging behind S&P 500 gain. Analysts project earnings of $2.70 per share with year-over-year growth of 3.45%. Zacks Rank rates it as #4 (Sell).
Full articleSummary: Intuit reported quarterly earnings of $8.92 per share, beating estimates and showing a positive earnings surprise trend over the past quarters. The stock has outperformed the market so far this year, and investors are awaiting management's commentary on future earnings expectations. Zacks Rank for Intuit currently stands at #3 (Hold), indicating mixed estimate revisions.
Full articleSummary: United Parcel Service, Inc. (UPS) is experiencing a decline in stock performance due to rising capital expenditures, weak guidance, and unfavorable estimate revisions, with a projected reduction in revenues and operating margin for 2023.
Full articleSummary: Texas Instruments (TXN) reported Q4 2022 earnings of $2.13 per share, beating expectations. Revenue also exceeded estimates despite a decline. The company faced weak demand in Analog and Other segments, but saw growth in the automotive end market and Embedded Processing segment. Texas Instruments maintains a strong balance sheet and returned value to shareholders through dividends and share repurchases.
Full articleSummary: Climate activists staged a kayak protest near the Chevron refinery in Richmond calling for sustainable and renewable practices, citing injustices and negative impacts on low income communities.
Full articleSummary: India is rapidly emerging as a global aerospace powerhouse, attracting major players like Boeing, Airbus, and GE to establish manufacturing facilities and supply chains within its borders. The country's cost-competitiveness, skilled workforce, and favourable government policies have positioned it as an increasingly vital hub for aerospace production. Major multinational aerospace companies have set up manufacturing plants, engineering centres, and supply chain operations in India, bolstered by government initiatives like the Production-Linked Incentive (PLI) scheme and eased FDI norms.
Full articleSummary: Kraft Heinz Co raised its forecast for annual organic sales growth and beat quarterly estimates with net sales falling about 1% to $6.55 billion in Q2, due to pandemic-induced disruptions to the supply chain and surging costs which led to price increases.
Full articleSummary: National Bank of Canada FI raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.4% during the 4th quarter, adding 54,929 shares. Several other hedge funds also modified their holdings of SCHW. The stock traded up 0.9% during midday trading on Friday, hitting $76.04. The company declared a quarterly dividend of $0.25 per share.
Full articleSummary: Danaher Corp announced the separation of its environmental & applied solutions segment to focus on life sciences and diagnostics businesses, with Jennifer Honeycutt as the new CEO. The stock rose nearly 5% in after-market trading.
Full articleSummary: Kinetic extends partnership with ConocoPhillips for another five years to provide personnel transport services. The contract allows Kinetic to continue to grow its workforce transport services in Australia's mining and resources sector, showcasing its expertise and experience in the region.
Full articleSummary: Comcast is adding Disney's Hulu + Live TV package to its broadband-only Xfinity Flex service, giving customers access to live TV starting at $64.99 per month.
Full articleSummary: General Dynamics closed at $228.20, showing a -0.4% move from the prior day, with upcoming earnings expectations of $3.17 per share, representing a year-over-year growth of 3.26%. The Zacks Rank for GD is currently #3 (Hold) with an outside-audited track record of outperformance.
Full articleSummary: Tamboran Resources Limited is planning an IPO of common stock on the NYSE under the symbol 'TBN', contingent upon NYSE approval.
Full articleSummary: Intuit beat revenue and earnings per share expectations for Q1, but lowered its fiscal year 2023 revenue forecast due to deteriorating performance in Credit Karma division.
Full articleSummary: The U.S. Supreme Court ruled in favor of Booking.com, allowing the company to trademark its name as it was found distinctive enough to merit protection. The decision was based on the understanding that consumers recognize 'Booking.com' refers to a specific company, not a generic service. This ruling could impact how other companies protect their brands.
Full articleSummary: The Federal Trade Commission (FTC) faces challenges in its fight against Amgen Inc's acquisition of Horizon Therapeutics, sparking concern among investors. Amgen has offered a remedy to resolve the issue, which may not be viewed favorably by antitrust enforcers.
Full articleSummary: Citigroup has submitted a comprehensive multiyear plan to address weaknesses in risk management and internal controls, aiming to rectify issues by 2027 or early 2028. The plan includes steps to improve risk infrastructure, data quality, and internal governance, with about 30,000 employees working on the improvements.
Full articleSummary: MetLife, Inc. is a leading American insurance group with premiums issued in various activities and geographies.
Full articleSummary: Charles Schwab Corporation's shareholders have seen the share price rise 70% over three years, exceeding the market return. The company achieved compound earnings per share growth of 9.7% per year, lower than the 19% average annual increase in share price, indicating a higher market opinion of the business. Total shareholder return (TSR) was 77% over the last 3 years, better than the share price return, driven by dividend payments.
Full articleSummary: Caterpillar (NYSE: CAT) stock dropped 9% due to dwindling backlog and higher interest rates. Investors should consider potential buying opportunity after examining financial snapshot, valuation, and management's capital allocation.
Full articleSummary: Tesla (TSLA) is expected to deliver outsized returns due to production ramp-up, introduction of new models, and promising revenue outlook. Comcast (CMCSA) is benefiting from a growing wireless subscriber base and transitioning to DOCSIS 4.0 technology. Intuit (INTU) is experiencing growth in online ecosystem revenues and solid professional tax revenues despite macroeconomic headwinds.
Full articleSummary: Wells Fargo upgraded Charter Communications' shares to overweight from equal weight, raised price target to $550, pointing to a potential 23% gain. Analysts attribute positive outlook to advantageous debt structure, expanding sports content, and growth prospects, particularly in rural areas.
Full articleSummary: Texas Rangers beat the Kansas City Royals 3-2 with late-game heroics from Jonah Heim and Nathaniel Lowe. Jon Gray and Kirby Yates were key players in the victory.
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