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Category: Stocks

  • Pfizer Struggles to Recover as Covid Demand Plummets and Stock Drops

    Pfizer Struggles to Recover as Covid Demand Plummets and Stock Drops

    Pfizer’s Revenue Challenges Pfizer, the pharmaceutical giant, has recently experienced significant setbacks in its revenue due to the decline in its Covid business. The company had to reverse approximately $3.5 billion in revenue, which was expected from the return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government. This reversal has […]

  • Canoo’s Revenue Generation Phase: Progress Despite Continued Financial Risks

    Canoo’s Revenue Generation Phase: Progress Despite Continued Financial Risks

    Canoo finally has some income Canoo, the electric vehicle (EV) company, recently announced its earnings for the third quarter of 2023, revealing that it has entered the “accelerating revenue generation phase.” This statement is supported by the fact that Canoo generated $519,000 in revenue during this period, compared to zero in the previous year. This […]

  • Treasury Yields Retreat as Fed’s Rate Cut Chances Decrease

    Treasury Yields Retreat as Fed’s Rate Cut Chances Decrease

    Market Focus on Treasury’s Refunding Statement The Treasury’s refunding statement, set to be released tomorrow, is anticipated to provide crucial details regarding coupon auction sizes. Jim Reid, a strategist at Deutsche Bank, commented that the market awaits these specifics with great interest. Fed’s Monetary Policy Meeting Takes Center Stage The pullback in benchmark borrowing costs […]

  • American Express: Crushing the Market with Growing Customer Base and International Expansion

    American Express: Crushing the Market with Growing Customer Base and International Expansion

    Expanding Customer Base and Premium Brand While American Express charges an annual fee for its credit cards, it primarily generates revenue from credit card transactions. Merchants pay a small fee to American Express for processing customers’ payments. In 2023, customers spent close to $1.5 trillion on the American Express card network, resulting in $33.4 billion […]

  • Oppenheimer Downgrades Five Below on Concerns over Growth Dynamics

    Oppenheimer Downgrades Five Below on Concerns over Growth Dynamics

    Concerns Over Growth Dynamics The downgrade by Oppenheimer analysts is primarily driven by concerns related to the growth dynamics of Five Below. Despite the company’s strong strategic positioning and attractive consumer proposition, several factors are causing apprehension among analysts. Firstly, the company is facing the challenge of a larger base of units. As the number […]

  • Diageo Reports Drop in Sales in Latin America, but Strong Growth Elsewhere

    Diageo Reports Drop in Sales in Latin America, but Strong Growth Elsewhere

    Sales Plunge in Latin America and Caribbean Market Diageo’s Latin America and Caribbean segment, contributing 10% to the company’s overall revenue, witnessed a substantial decrease of 23.5% in sales during the last six months of 2023. The region’s economy experienced a slowdown, prompting customers to shift their preference from spirits to beer. Factors such as […]

  • Australian Court Hears Closing Arguments in Landmark Case Against Bayer’s Roundup

    Australian Court Hears Closing Arguments in Landmark Case Against Bayer’s Roundup

    Roundup Lawsuit as a Test Case in Australia The Australian lawsuit against Bayer’s subsidiaries brings together over 1,000 claimants and serves as a critical test case for a country where Roundup is widely used. Closing arguments have been presented in the Federal Court in Victoria. If the judge rules that Roundup did cause lymphoma, the […]

  • India’s Stocks Slide as Consumer Durables and Capital Goods Sectors Struggle

    India’s Stocks Slide as Consumer Durables and Capital Goods Sectors Struggle

    Nifty 50: Top Performers and Decliners The top performers on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 2.84% or 23.90 points to trade at 864.90 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) added 1.93% or 9.50 points to end at 502.15, and Eicher Motors Ltd. (NS:EICH) was up 1.05% or 38.70 […]

  • Evergrande Liquidation Decision Rests on Hong Kong Court Ruling, Impacts Financial Center

    Evergrande Liquidation Decision Rests on Hong Kong Court Ruling, Impacts Financial Center

    Background A Hong Kong court ordered China Evergrande Group, the world’s most indebted developer with nearly $300 billion in liabilities, to be liquidated after failing to reach agreements with offshore creditors for approximately 18 months. Debt Restructuring Plan Expected According to unnamed sources, offshore creditors anticipate that the liquidator, Alvarez & Marsal (A&M), will first […]

  • GM’s Q4 Results & Labor Costs: What to Expect from Wall Street

    GM’s Q4 Results & Labor Costs: What to Expect from Wall Street

    Wall Street Expectations for GM According to average estimates compiled by LSEG, formerly known as Refinitiv, analysts are anticipating some significant figures from General Motors (GM). These estimates project a 10.3% decrease in revenue compared to the previous year, along with a 45.3% decline in adjusted earnings per share. In the fourth quarter of 2022, […]