Category: Investing.com
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Hubbell to Announce Second Quarter 2024 Results on July 30, 2024 By Investing.com
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SHELTON, Conn., July 16, 2024 (GLOBE NEWSWIRE) — Hubbell Incorporated (NYSE: HUBB) today announced that it will release its second quarter 2024 financial results before the market opens on July 30, 2024. The company will then webcast its conference call with analysts to discuss the results at 10:00 a.m. Eastern…
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Five Below, J.B. Hunt, Interactive Brokers, Spirit Airlines By Investing.com
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After Hours Stock Carriers: five below Shares of the company (Nasdaq:) fell 9% after the company announced that Joel Anderson is stepping down as president and CEO. The retailer also reported a 5% year-to-date decline in comparable sales and lowered its second-quarter outlook. Dollar General (NYSE:) traded lower in sympathy.…
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Dollar limping, but set to fightback as Fed rate cuts now priced in: Macquarie By Investing.com
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Investing.com – The U.S. dollar has found its footing after a few weeks of struggle, but as bears sharpen their claws for another strike, some are pointing to favorable fundamentals including pricing in interest rate cuts that will provide the greenback with plenty of resistance. The dollar has “clearly suffered…
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Adidas raises full-year guidance after better-than-expected Q2 results By Investing.com
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Adidas (OTC:) raised its full-year guidance on Tuesday after a strong performance in the second quarter of 2024. The sportswear giant reported currency-neutral revenues increased 11% year-over-year, with euro-denominated revenues up 9% to €5.822 billion, up from €5.343 billion in 2023. Excluding Yeezy sales, currency-neutral revenues saw an impressive 16%…
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Truist lowers Medtronic shares target, cites modest EPS growth By Investing.com
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On Tuesday, Truist Securities revised its price target for Medtronic Inc. (NYSE:), a global leader in medical technology, services and solutions, announced a price target adjustment to $85 from the previous $88 while maintaining a hold rating on the stock. The revision comes after examining Medtronic’s earnings outlook and position…
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US stocks rise amid rate cut cheer; retail sales flat in June By Investing.com
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U.S. stocks rose on Tuesday, extending gains from the previous session amid growing optimism about interest rate cuts, as retail sales failed to grow in June. At 09:35 ET (13:35 GMT), the S&P 500 was up 235 points, or 0.6%, up 18 points, or 0.3%, and gaining 70 points, or…
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Dollar edges higher on Trump ascendancy; ECB meeting looms By Investing.com
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The U.S. dollar rose in early European trading on Tuesday, pulling away from a one-month low as traders digested the growing chance of former President Donald Trump returning to the White House as well as the possibility that the Federal Reserve could start cutting interest rates in September. At 05:20…
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ServisFirst Bancshares sees robust growth in Q2 By Investing.com
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ServisFirst Bancshares, Inc. (NYSE:) reported significant growth in deposits and loans in the second quarter and has an optimistic outlook for the remainder of the year. The company’s net interest margin improved, and despite increased non-interest expenses, it maintains strong capital and liquidity positions. The earnings call revealed expectations for…
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rises to $63k on prospect of Trump presidency By Investing.com
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Bitcoin prices rose on Tuesday, supported by the prospect of more friendly cryptocurrency regulations in the United States, as traders anticipate Donald Trump will win a second term in the 2024 presidential race. Reports also showed that the SEC was close to approving an exchange-traded fund that directly tracks the…
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Asia FX muted as dollar perseveres; yen on intervention watch By Investing.com
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Most Asian currencies moved in a flat-to-low range on Tuesday as speculation about a Donald Trump presidency helped lift the dollar, outweighing growing bets on interest rate cuts. The Japanese yen underperformed its peers, pressured by a stronger dollar, prompting continued warnings from authorities about intervening in the currency market.…
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Asian stocks drift higher as rate cut bets grow; China lags By Investing.com
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Most Asian stocks rose on Tuesday, tracking gains on Wall Street amid growing expectations of an interest rate cut in September, while Chinese markets lagged on concerns about a slowing economy and headwinds from U.S. politics. Regional markets took positive cues from a strong close on Wall Street, after dovish…
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Wall Street dives into Dollar General’s outlook By Investing.com
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About the company Dollar General Corporation (NYSE:), a leader in the U.S. discount retail sector, continues to operate in a complex market environment. Its extensive network of more than 14,000 stores offers a broad range of products, including consumer goods, seasonal items, home products and apparel. With CEO Todd Vasos…
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It is ‘too early’ to prefer Eurozone over the US: JPMorgan By Investing.com
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Analysts at JPMorgan said in a note to clients on Monday that they believe it is too early to favor euro zone stocks over U.S. stocks. Despite the notable performance of the MAG 7 index, which was primarily driven by MAG 7 stocks, the bank says the SPW index saw…
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New Jersey Resources updates bylaws and fiscal year-end date By Investing.com
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New Jersey Resources Corporation (NYSE:NJR), a leading distribution company, announced Monday an update to its bylaws and a change in its fiscal year-end date. The amendments, approved by the company’s board of directors on Thursday, July 11, 2024, include changes to the advance notice provisions for director nominations by shareholders…
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Dollar strengthens after Trump shooting; Asia FX weakens By Investing.com
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Most Asian currencies were little changed on Monday, while the dollar received some safe-haven demand after the assassination attempt on former U.S. President Donald Trump over the weekend. Regional trading volumes were thin due to a Japanese market holiday. The yen also weakened slightly against the dollar, keeping markets on…
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Dollar steadies ahead of Powell’s speech; euro edges higher By Investing.com
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The US dollar steadied in early European trading on Monday, giving up some of the gains it made after the assassination attempt on former US President Donald Trump over the weekend, ahead of comments from Federal Reserve Chairman Jerome Powell. At 05:45 ET (09:45 GMT), the dollar index, which tracks…
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Asian stocks dip amid weak China GDP, Trump shooting aftermath By Investing.com
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Most Asian stocks fell on Monday after disappointing economic growth figures from China, while uncertainty over US policy following the assassination attempt on former President Donald Trump also weighed on sentiment. Markets faced low trading volumes due to the Japanese market holiday. But losses in most Asian markets were limited…
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Citi reports solid Q2 amid regulatory scrutiny By Investing.com
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Citigroup Inc. (NYSE:) reported a strong second quarter for 2024, with a net income of $3.2 billion and earnings per share (EPS) of $1.52. The bank saw revenues increase by 4%, with notable growth in its Services, Markets, Wealth, and US Personal Banking divisions. Despite the positive financial performance, Citigroup…
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Wells Fargo reports mixed Q2 results, plans dividend hike By Investing.com
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Wells Fargo & Company (WFC) reported its second-quarter financial results, revealing both strengths and challenges as it continues its transformation journey. CEO Charlie Scharf emphasized the growth in fee-based revenue and strategic improvements in the credit card and corporate investment bank sectors. Despite a decrease in net interest income and…
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Tesla and SMCI stocks downgraded By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! UBS Downgrades Tesla (NASDAQ:) to Sell on Revaluation, Rising AI Costs Analysts at UBS on Friday downgraded Tesla shares to sell from neutral, while…