Abbott Laboratories Stock Falls 3% Following Narrowed Outlook
Financial Modeling Prep
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1w ago
Abbott Laboratories (NYSE:ABT) surpassed expectations for its first-quarter earnings and revenue, but subsequently narrowed its earnings forecast for the full year 2024, resulting in a more than 3% drop in shares intra-day today. The healthcare company reported earnings of $0.98 per share, which was ..read more
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J.B. Hunt Shares Drop 8% Following Q1 Results
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1w ago
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) dropped more than 8% intra-day today after the company reported first-quarter earnings and revenue that fell short of analysts' expectations. The transportation and logistics company recorded earnings per share (EPS) of $1.22, which did not meet ..read more
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United Airlines Beats Q1 & Maintains Guidance, Shares Surge 12%
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1w ago
United Airlines (NASDAQ:UAL) reiterated its earnings forecast following the release of better-than-expected first-quarter results, despite incurring a $200 million impact due to the temporary grounding of Boeing 737 Max 9 jets over safety concerns. United Airlines saw its stock rise over 12% intra-d ..read more
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ASML Plunges 7% on Q1 Revenue Miss
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1w ago
ASML Holdings (NASDAQ:ASML) experienced a 7% intra-day drop in its shares following the announcement of first-quarter sales for fiscal 2024 that did not meet expectations. The company reported net sales of 5.29 billion euros, which fell short of the expected 5.39 billion euros. However, its net prof ..read more
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Morgan Stanley Upgrades Omnicom Group to Overweight - New Insights
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1w ago
Morgan Stanley's recent upgrade of Omnicom Group (OMC:NYSE) to Overweight, with a revised price target of $105, signals a strong vote of confidence in the company's future prospects. This adjustment, announced on April 17, 2024, when OMC was trading at $92.47, comes on the heels of Omnicom's Q1 2024 ..read more
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Boeing Slashed to Sell at Northcoast Research
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1w ago
Northcoast Research analysts downgraded Boeing (NYSE:BA) to Sell from Neutral, setting a price target of $140 on the stock. The analysts reflected on a turbulent last three months for Boeing, during which the aerospace sector has seen its fair share of dramatic developments, including unusual incide ..read more
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Citigroup Upgrades ProLogis to Buy Amid Strong Q1 Performance
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1w ago
On Wednesday, April 17, 2024, Citigroup updated its rating on ProLogis (PLD:NYSE) to Buy, maintaining a hold position. This announcement was made as the stock was priced at $108.33. For more insights, the detailed commentary by Citigroup, titled "Citi on ProLogis (PLD): 'we expect PLD to come under ..read more
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Berkshire Hathaway Nears Record Stock Levels: A Buy Despite High P/B Ratio?
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3w ago
Berkshire Hathaway Inc. (BRK-A:NYSE) is currently experiencing a surge in its stock price, nearing record levels, which has sparked a debate among investors about the right time to sell. Despite concerns over its high price-to-book (P/B) ratio, which stands significantly above the speculative "Buffe ..read more
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Barclays Endorses LVMH Stock Despite Luxury Market's Economic Challenges
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3w ago
Barclays, a prominent financial institution, has recently put forth a recommendation to buy LVMH stock, as reported by Barrons on March 26, 2024. This advice comes at a time when the luxury market faces significant challenges, particularly due to the economic slowdown in China. China, being a major ..read more
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Yatsen Holding's Strategic Shift Amid Financial Hurdles
Financial Modeling Prep
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3w ago
Yatsen Holding Limited (YSG:NYSE), a prominent player in the Chinese beauty industry, faced a significant downturn after a period of remarkable growth post its 2020 IPO. The company, celebrated for its innovative digital-first approach and its leading brand Perfect Diary, witnessed a sales zenith in ..read more
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