The stock market has seen a significant upward trend since the last monthly meeting in June. This can be largely attributed to the growing likelihood of the Federal Reserve lowering interest rates in the near future. Recent positive inflation data has further fueled this upward movement in the stock market, with the Dow Jones Industrial
Earnings
Adidas stock saw a significant increase in value after the company made an announcement regarding its full year 2024 earnings guidance. The news came following better-than-expected preliminary results for the second quarter. As a result, Adidas shares rose by 4.42% at 9:07 a.m. London time. The German sportswear giant revealed that it now anticipates its
ASML has recently reported second-quarter earnings and sales figures that surpassed expectations, marking a significant achievement for the Dutch firm. Net sales amounted to 6.24 billion euros, exceeding the 6.03 billion euros that were initially projected. Similarly, net profit reached 1.58 billion euros, outperforming the expected 1.43 billion euros. Despite a 9.5% decline in net
Bank of America recently announced their second-quarter results, revealing that both revenue and profit exceeded expectations. The earnings per share came in at 83 cents, compared to the estimated 80 cents, while revenue reached $25.54 billion, beating the $25.22 billion estimate. Despite a 6.9% decrease in profit from the previous year, the company managed to
Burberry, the iconic British luxury brand, witnessed a significant hit to its shares as they plummeted over 15% in early trading on Monday. This drastic drop came after the company issued a profit warning, announced the replacement of its CEO, and decided to suspend its dividend. The 168-year-old fashion house stunned investors with the revelation
The market saw a rebound on Friday after the S&P 500 recovered from a recent dip. The shift in investor sentiment led to gains in U.S. stocks, with the Dow reaching record territory once again. However, the market was not without its challenges, as evidenced by Wells Fargo’s stock tumbling 7% after their second-quarter report.
Citigroup recently released its second-quarter results, exceeding expectations for both profit and revenue. The bank reported earnings of $1.52 per share, surpassing the expected $1.39 per share. Additionally, Citigroup’s revenue came in at $20.14 billion, slightly higher than the projected $20.07 billion. One of the standout numbers from the report was the 10% increase in
Thursday’s trading session saw a significant shift in market sentiment as the S & P 500 and Nasdaq retreated from their record highs following a cooler-than-expected inflation report. Investors reacted swiftly, pulling out of Big Tech stocks and reallocating their investments into smaller-cap names. This reaction was triggered by June’s consumer price index (CPI) print,
PepsiCo recently reported its quarterly results, showcasing a mix of positive and negative trends. One of the standout concerns was the declining demand for its drinks and snacks in North America. This decline in demand has led the company to narrow its revenue outlook for the full year, now expecting organic revenue growth of approximately
Delta Air Lines announced on Thursday its projection of record revenue for the third quarter, thanks to a surge in summer travel demand. However, the airline’s forecast fell short of analysts’ estimates as fares were discounted due to an increase in flights by carriers. The expected sales growth for Delta in the current quarter is