ADVFN US – Market Content Editor
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Lockheed Martin’s Revenue Surges Amid Geopolitical Tensions Due to Sustained Weapons Demand
Lockheed Martin (NYSE:LMT) reported increased third-quarter revenue on Tuesday, benefiting from heightened demand for its military equipment driven by geopolitical tensions. Ongoing conflict in Ukraine has led to the replenishment of arms and ammunition, including shoulder-fired missiles, artillery, and other weaponry. This has resulted in lucrative Pentagon contracts for U.S. defense companies. Lockheed’s weapons, such…
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Goldman Sachs Faces Profit Plunge Amid Fintech Sale and Real Estate Investments
Goldman Sachs’ third-quarter profit declined, primarily due to a write-down on its GreenSky fintech venture and real estate investments. On Tuesday, the renowned Wall Street institution disclosed a net profit of $2.06 billion, or $5.47 per share, for the period ending on September 30. This marked a decrease compared to the $3.07 billion, or $8.25…
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Tuesday’s Wall Street Highlights: Snap, Ericsson, NetScout Systems, Baidu, and more
US index futures are declining in Tuesday’s pre-market trading as investors monitor economic data, earnings reports from key companies, and follow developments in the conflict between Israel and Hamas. As of 07:00, Dow Jones futures (DOWI:DJI) dropped by 61 points, or 0.18%. The S&P 500 futures were down by 0.23% and the Nasdaq-100 futures fell…
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J&J Raises Annual Profit Forecast On Strong Cancer Drug Demand
On Tuesday, Johnson & Johnson (NYSE:JNJ) revised its profit projection for the year 2023, pinning its expectations on the increasing demand for newer cancer treatments like Carvykti and Tecvayli. Additionally, the company recorded a substantial $21 billion gain resulting from the spin-off of its consumer health division. Investors are closely monitoring Johnson & Johnson’s progress…
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North American Morning Briefing: Bank Earnings, Retail Sales Data Top Agenda
Market Wraps Watch For: Retail Sales for September; Industrial Production and Capacity Utilization for September; Canada Housing Starts for September; Canada Consumer Price Index for September; Earnings from Bank of America, Goldman Sachs, Johnson & Johnson, Lockheed Martin Today’s Top Headlines/Must Reads: – How Long Can the American Consumer Keep Splurging? – Bond Yields Are…
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Option Volatility And Earnings Report For October 16 – 20
Earnings season commenced last week, and this week is gearing up for a significant wave of major corporations set to release their financial reports. Among the notable companies scheduled to report this week are Tesla (NASDAQ:TSLA), Johnson & Johnson (NYSE:JNJ), Bank of America (NYSE:BAC), Netflix (NASDAQ:NFLX), Morgan Stanley (NYSE:MS), American Express (NYSE:AXP), Lockheed Martin (NYSE:LMT),…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Don’t Trade Without Seeing The Orderbook Here are some of the biggest premarket U.S. stock movers today: NetScout Systems Inc (NASDAQ:NTCT) tumbled about -23% in pre-market trading after the company cut its FY24 guidance. Dollar Tree Inc (NASDAQ:DLTR) gained more than +2% in pre-market trading after Goldman Sachs upgraded the stock to Buy from Neutral.…
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US Futures Flat, European Stocks Rise as Market Weighs Middle East Turmoil
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Powszechny Zaklad Ubez rose 3.8% and Nemetschek added 3.7%. On the other hand,…
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Top Company News of the Day: Ericsson, Rio Tinto, Baidu, Ford
Ericsson Sheds Guidance, Warns on Networks Recovery Ericsson removed its key margin guidance beyond the fourth quarter of 2023 after warning that current uncertainties in its mobile networks business will persist into next year. Rio Tinto’s Aluminum, Copper Output Rises The company said mined copper output showed a 5% increase in the third quarter. Baidu…
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U.S. Stocks Move Mostly Higher Amid Optimism About Earnings
Stocks have moved sharply higher during trading on Monday, with the major averages all showing strong moves to the upside. The advance comes on the heels of the pullback seen over the two previous sessions. Currently, the major averages are just off their highs of the session. The Dow is up 344.60 points or 1.0…