Category: Top Story
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AI Stocks Still Not Showing Classic Bubble Signs: Citi
Artificial intelligence shares may look pricey after their powerful rally this year, but Citigroup Inc. believes they have not yet entered true bubble territory. “AI does not look like a bubble yet based on our valuation monitor,” analysts at Citi wrote, while also cautioning that “there are some growing pockets of valuation concern when we…
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Goldman Sachs: Hedge Funds Cut U.S. Equity Exposure at Fastest Pace Since April
Goldman Sachs Group, Inc. reported that hedge funds accelerated their selling of U.S. equities last week to the quickest pace since early April, even as major indexes finished higher with the S&P 500 up 1.7%. According to the bank’s Prime Brokerage data, the bulk of the selling came from short positions in Macro Products and…
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Next DRONE BOOST ahead: NEO Battery Materials, Kratos Defense, AeroVironment
Drones have become indispensable in modern warfare. That much is now clear. NATO and EU countries are therefore pooling considerable resources for unmanned systems: this year, NATO allies decided to increase defense spending to a total of 5% of economic output. Germany alone announced that it would invest EUR 10 billion in drones of all…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street set to open lower as earnings and geopolitical concerns weigh on sentiment
U.S. equity futures pointed to a soft start on Thursday, signaling further downside for the market as investors digest weaker-than-expected earnings and rising geopolitical uncertainty. The early pressure stems largely from earnings reactions involving some of the market’s most closely watched names, including Tesla, Inc. (NASDAQ:TSLA) and International Business Machines Corporation (NYSE:IBM). Tesla shares fell…
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Tesla, Inc. shares drop after profit miss despite higher sales
Tesla, Inc. (NASDAQ:TSLA) saw its stock fall more than 3% in after-hours trading after the electric vehicle maker reported third-quarter results that came in below Wall Street forecasts. Rising operating costs offset stronger sales as the company prepares for softer demand in the U.S. following the expiration of a federal EV tax credit. For the…
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International Business Machines Corporation shares slide as guidance and cloud slowdown overshadow Q3 beat
International Business Machines Corporation (NYSE:IBM) delivered stronger-than-expected third-quarter earnings on Thursday, but its shares tumbled more than 7% in premarket trading as investors focused on a more cautious revenue outlook and signs of slowing growth in its cloud unit. The company posted adjusted earnings per share of $2.65, exceeding analyst expectations of $2.44. Revenue reached…
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TransUnion stock gains after Q3 beat and upgraded full-year outlook
TransUnion (NYSE:TRU) saw its shares rise 2.3% on Thursday after the company reported third-quarter results that topped expectations and raised its full-year guidance. The performance was fueled by strength in its Financial Services and Emerging Verticals businesses. The company posted adjusted earnings of $1.10 per share, beating the analyst consensus of $1.04. Revenue reached $1.17…
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AllianceBernstein Holding L.P. shares climb as Q3 earnings beat and AUM grows
AllianceBernstein Holding L.P. (NYSE:AB) reported stronger-than-expected third-quarter earnings on Thursday, supported by robust performance in its tax-exempt and private alternative investment strategies. Shares gained 3.84% in premarket trading following the results. Adjusted earnings per unit came in at $0.86, slightly above the analyst consensus of $0.85. Revenue surged to $1.14 billion, well ahead of expectations…
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Ermenegildo Zegna N.V. shares sink after Q3 revenue falls short of estimates
Ermenegildo Zegna N.V. (NYSE:ZGN) reported third-quarter revenue below expectations on Thursday, despite showing slight growth. The luxury fashion house posted quarterly revenue of €398.2 million, missing analyst projections of €404.2 million. The figure represents a 0.2% year-over-year increase and 3.6% organic growth. Shares fell 8.97% in premarket trading as investors reacted to the revenue miss.…
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Textron Inc. stock edges higher after Q3 earnings beat
Textron Inc. (NYSE:TXT) reported stronger-than-expected third-quarter earnings on Thursday, supported by increased aircraft deliveries and accelerated military programs. Shares rose 1.11% in premarket trading following the results. The company posted adjusted earnings per share of $1.55, beating the analyst consensus of $1.46. Revenue grew 5% year-over-year to $3.6 billion, just below estimates of $3.7 billion.…