Author: Bruno T
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Pre-Bell Ahead of More Corporate Earnings; Asia Mixed, Europe Strong
US stock futures continued their upward trajectory ahead of Tuesday’s opening bell, with investors closely monitoring the latest financial results from several major corporations. Futures for the Standard & Poor’s 500 rose by 0.2%, the Dow Jones Industrial Average gained 0.4%, and the Nasdaq saw a modest 0.1% increase during premarket trading. Meanwhile, Asian exchanges…
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Stellantis Revenue Rose 7% in Q3, Sees US Strike Impact Of 3 Billion Euros
Stellantis (NYSE: STLA) reported a third-quarter net revenue of 45.14 billion euros ($ 47.82 billion) on Tuesday, surpassing the previous year’s 42.10 billion euros. Four analysts surveyed by Capital IQ had expected 43.75 billion euros. During the quarter, the company recorded consolidated shipments of approximately 1.4 million units, compared to about 1.3 million in the…
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McDonald’s Outperforms Sales Expectations Thanks to Affordable Menu and Exciting New Offerings
McDonald’s (NYSE:MCD) exceeded Wall Street’s third-quarter profit and sales expectations on Monday. This achievement was driven by increased demand for its more affordable burgers and fries, which appealed to customers dealing with persistently high food prices. Additionally, the company’s success was boosted by new menu launches. Despite the industry-wide price hikes last year, McDonald’s managed…
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Amazon’s Profit Is Much Higher Than Expected; Revenue Beats Estimates With Retail And Cloud
Amazon (NASDAQ:AMZN) recorded net profit of US$9.88 billion, or US$0.94 per diluted share, in the third quarter of this year, a result that was well above the forecast of US$6.05 billion from analysts surveyed by FactSet, with earnings per share of $0.59. Company’s shares rose 3% in the NY after market. It was still well…
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American Express Surpasses Q3 Earnings Expectations Thanks to Strong Consumer Spending
American Express (NYSE:AXP), the prominent credit card issuer, reported a third-quarter profit that surpassed market expectations. This feat was achieved with the support of affluent customers who displayed strong spending habits, disregarding concerns about an impending economic downturn. Catering primarily to a premium clientele, AmEx has adeptly navigated the challenges posed by inflation and the…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers SolarEdge Technologies (NASDAQ:SEDG) plunged about -23% in pre-market trading after cutting its Q3 revenue outlook, citing “substantial unexpected cancellations and pushouts of existing backlog from our European distributors.” Knight-Swift Transportation (NYSE:KNX) soared over +16% in pre-market trading after the company reported upbeat Q3 results. Intuitive Surgical (NASDAQ:ISRG) slid more than -8%…
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Evidence May Justify a More Stringent monetary Policy, says Powell
Federal Reserve (Fed) Chairman Jerome Powell said on Thursday that evidence of additional strength in the US economy could put the progress of inflation at risk and that the US central bank could tighten its monetary policy further if it remains resilient. . Powell stated, in a speech during an event at the Economic Club…
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Oil Trading Lower as Fears Over an Escalating Middle East Conflict Ease
Oil prices weakened on Thursday morning as concerns about an escalating war in the Middle East eased, although tight supply and low inventories offered support. West Texas Intermediate (CCOM:OILCRUDE) crude for November delivery last fell 17 cents to $87.61 per barrel, while December Brent (CCOM:OILBRENT) crude, the global benchmark , fell $0.80 to $90.70. Prices…
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US Jobless Claims Stand At 198,000, Well Below Consensus
For the week ending October 14, the anticipated value for seasonally adjusted initial claims was 198,000, a decrease of 13,000 from the previous week’s revised level. The previous week’s level was revised upward by 2,000, from 209,000 to 211,000. The 4-week moving average was 205,750, a decrease of 1,000 from the previous week’s revised average.…
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American Airlines Reports Quarterly Loss Amid Rising Costs
American Airlines (NASDAQ:AAL) Reports Quarterly Loss Due to Aviation Fuel and New Labor Contracts. The company’s net loss in the third quarter ended on September 30 was $545 million, or 83 cents per share, compared to a profit of $483 million, or 69 cents per share, a year earlier. US airline investors fear travel boom…