November 19, 20240 Comments

S&P 500 closes higher as Nvidia powers tech ahead of earnings By Investing.com

Investing.com– The S&P 500 closed higher Tuesday, as an Nvidia-led climb in tech helped stocks shrug off earlier concerns about increasing Russia-Ukraine tensions. At 4.00 p.m. ET (2100 GMT), the fell 120 points, or 0.3%, the index gained 0.4%, and the added 1%. Nvidia leads tech higher ahead of earnings NVIDIA (NASDAQ:), the world’s most valuable listed company, gained more than 4% just a day ahead of its quarterly earnings report. Nvidia

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November 19, 20240 Comments

Walmart hikes annual earnings outlook, beats Q3 estimates; shares jump By Investing.com

Walmart (NYSE:) shares rose over 3% Tuesday after the retail giant hiked its annual earnings outlook and reported better-than-expected Q3 results. The third quarter adjusted earnings per share (EPS) came in at $0.58, topping consensus expectations of $0.53. Walmart’s revenue for the quarter rose to $169.6 billion, also above the $167.67 billion estimated by analysts. Comparable sales performance in the US, excluding fuel, was strong across segments. Total (EPA:) US

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November 19, 20240 Comments

Medtech less exposed to potential negative headlines from RFK Jr., says BofA By Investing.com

Investing.com — Bank of America analysts see the potential for medtech stocks to continue gaining momentum as they appear less vulnerable to potential healthcare-related controversies tied to RFK Jr. headlines. The bank notes that recent developments have bolstered the sector, with medtech rebounding from historically low valuations to trade more closely in line with its 10-year average discount to the Tools sector. In just two days, medtech’s discount to Tools narrowed

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November 19, 20240 Comments

Walmart earnings beat by $0.05, revenue topped estimates By Investing.com

Investing.com – Walmart (NYSE: ) reported fourth quarter EPS of $0.58, $0.05 better than the analyst estimate of $0.53. Revenue for the quarter came in at $169.6B versus the consensus estimate of $167.67B. Guidance Walmart sees FY 2025 EPS of $2.42-$2.47 versus the analyst consensus of $2.45. Walmart’s stock price closed at $84.08. It is up 11.07% in the last 3 months and up 62.42% in the last 12 months.

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November 19, 20240 Comments

Super Micro shares soar over 30% after naming new auditor By Investing.com

Investing.com– Shares of Super Micro Computer Inc (NASDAQ:) rose sharply in evening deals on Monday after it named BDO USA as its auditor and said it had submitted a plan to the Nasdaq seeking more time to comply with listing rules.  Super Micro shares soared more than 32% to $28.54 by 05:55 ET (10:55 GMT).  The server maker said it believed it will be able to complete its annual and

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November 18, 20240 Comments

Trump Media & Technology Group in talks to buy Bakkt: FT By Investing.com

Investing.com –Donald Trump’s social media company, Trump Media & Technology Group is advanced discussions to buy digital asset marketplace Bakkt in an all-stock deal, the Financial Times reported on Monday, citing people familiar with the matter. Trump’s Truth Social platform-parent Trump Media & Technology Group , which as been seeking to diversify its offerings beyond social media, recently launched crypto venture, World Liberty Financial.  President-elect Trump has previously positioned himself as pro-cryptocurrency on the

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November 18, 20240 Comments

MicroStrategy makes record bitcoin purchase for $4.6 billion By Investing.com

Investing.com – MicroStrategy Incorporated (NASDAQ:) added 52,000 bitcoins to its portfolio worth $4.6 billion over the last week, marking the largest purchase in the company’s history, software firm disclosed in a regulatory filing on Monday. MicroStrategy’s shares surged 9%, reaching $371, with the stock having quintupled in value so far this year. has been rallying since Donald Trump’s election as U.S. president driven by expectations of regulatory easing, and breached the

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November 18, 20240 Comments

Poland stocks lower at close of trade; WIG30 down 0.07% By Investing.com

Investing.com – Poland stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Warsaw, the lost 0.07% to hit a new 6-months low. The best performers of the session on the were Benefit Systems SA (WA:), which rose 5.31% or 130.00 points to trade at 2,580.00 at the close. Meanwhile, Grupa Azoty SA (WA:) added 3.70% or 0.72

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November 18, 20240 Comments

ASR Nederland shares climb as UBS upgrades stock to ‘buy’ By Investing.com

Investing.com — Shares of ASR Nederland (AS:) rose on Monday following an upgrade from UBS, which revised its rating of the stock to “buy” from “neutral.” The brokerage cited several compelling factors, including strong shareholder returns, attractive valuations, and increased potential for further share buybacks.  UBS analysts flagged that ASR’s recent capital actions signal confidence in its financial health and future growth. Earlier this month, ASR announced a surprise €100

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November 18, 20240 Comments

Equity market pullback could have -5% to -9% downside, Evercore says By Investing.com

Investing.com — The U.S. equity market faces a potential pullback of 5% to 9% in the near term, according to Evercore ISI analysts on Monday, citing a combination of macroeconomic and policy factors. In a research note, Evercore ISI highlighted how post-election certainty, driven by President-elect Donald Trump’s decisive victory, initially buoyed equities. However, they explain that the stability has now fostered investor complacency, with looming risks such as tariffs, immigration

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