Category: Outlook
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CCL Industries reports strong Q2 growth, cautious outlook By Investing.com
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CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw…
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Weekly Market Outlook (12-16 August)
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Upcoming Events: Tuesday: Australian Wage Price Index, UK Labor Market Report, Eurozone ZEW Index, US NFIB Small Business Optimism Index, US Producer Price Index. Wednesday:Reserve Bank of New Zealand Policy Decision, UK CPI, US CPI. Thursday:Japan Q2 GDP, Australia Labor Market Report, China Industrial Production and Retail Sales, UK Q2…
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Pagaya surpasses Q2 2024 earnings, raises full-year outlook By Investing.com
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Pagaya Technologies Inc. (NASDAQ:), a leading financial technology company, has reported robust financial results for the second quarter of 2024, exceeding its own revenue and adjusted EBITDA guidance. The company has raised its full-year outlook for both metrics, citing strong growth in fee revenue less production costs (FRLPC) and the…
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What would less restrictive monetary policy mean for the growth outlook? By Investing.com
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Wells Fargo said in a recent report that a less restrictive monetary policy could significantly impact U.S. growth prospects by stimulating various economic sectors and easing some of the current economic pressures. According to the bank’s latest U.S. economic outlook report, the Fed is expected to cut interest rates by…
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ANZ: USD and GBP outlook for the coming week
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ANZ Bank provides insights into the outlook for the US Dollar and Sterling in the week ahead, focusing on the impact of recent macroeconomic data and positioning trends. Key points: US Dollar Forecast: Macroeconomic stability: Despite market reactions suggesting otherwise, ANZ believes the macroeconomic backdrop in the US is not…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…
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Warby Parker shares gain 3% on revenue beat, raised outlook By Investing.com
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NEW YORK — Warby Parker Inc. (NYSE: WRBY) shares jumped 3.7% after the eyewear retailer reported better-than-expected second-quarter revenue and raised its full-year outlook. The company reported second-quarter revenue of $188.2 million, beating analysts’ estimates of $187.04 million and up 13.3% year over year. However, Warby Parker reported a loss…
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Siemens Non-GAAP EPS of €2.66, revenue of €18.9B; reaffirms FY24 outlook
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Siemens press release (OTCPK:SIEGY): Q3 non-GAAP EPS of €2.66. Revenue amounted to €18.9 billion (+4.2% year-on-year). Third-quarter revenue increased by 5% on a like-for-like basis. On a nominal basis, revenues rose 4% to €18.9 billion; orders fell 16% to €19.8 billion, but outpaced revenues by a book-to-bill ratio of €1.2…
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Lumen Technologies shares extend AI-fueled surge after rosy cash-flow outlook By Reuters
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NEW YORK (Reuters) – Shares of Lumen Technologies Inc jumped 30 percent on Wednesday, extending gains from the previous session, after the telecom company raised its annual free cash flow outlook on demand tied to artificial intelligence. Lumen shares were trading at $6.54 a share after hitting an intraday high…
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ABN Amro lifts full-year interest income outlook on higher rates By Reuters
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By Leo Marchandon and Matteo Allevi (Reuters) – Dutch bank ABN Amro on Wednesday raised its full-year net interest income forecast to 6.4 billion euros ($6.98 billion) after beating second-quarter estimates, sending its shares up 3 percent. ABN Amro’s previous forecast of €6.3 billion was in line with 2023 levels.…
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Bayer AG Non-GAAP EPS of €0.94, revenue of €11.14B; reaffirms FY24 outlook
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Bayer AG press release (OTCPK:BAYZF): Q2 non-GAAP EPS of €0.94. Revenue of €11.14 billion (+0.9% year-on-year). EBITDA before special items decreased to €2.1 billion (-16.5%), impacted by adverse currency movements. Free cash flow is €1.3 billion. Net operating cash flow in Q2 2024 amounted to EUR 2,410 million (Q2 2023:…
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Crypto Analyst Releases Outlook For PEPE, Ethereum, And XRP, Here Are The Targets
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CrediBULL Cryptocurrency Analyst Provide market analysis for Pepe (PEPE), Ethereum (ETH)and XRP. Based on his analysis, PEPE could hit a new high soon enough, given how far it has ranged since hitting a new high. All Time High (ATH) in May. PEPE price hike on the horizon Credit Bull Crypto…
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Crypto Analyst Releases Outlook For PEPE, Ethereum, And XRP, Here Are The Targets
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CrediBULL Cryptocurrency Analyst Provide market analysis for Pepe (PEPE), Ethereum (ETH)and XRP. Based on his analysis, PEPE could hit a new high soon enough, given how far it has ranged since hitting a new high. All Time High (ATH) in May. PEPE price hike on the horizon Credit Bull Crypto…
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Weekly Market Outlook (05-09 August)
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Upcoming Events: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed SLOOS. Tuesday: Average cash income in Japan, RBA monetary policy decision, Swiss unemployment rate and retail sales, Eurozone retail sales, Canada services PMI. WednesdayNew Zealand Labour Market Report, Bank of Canada Meeting Minutes. Thursday:Bank of Japan…
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Amazon stock tumbles 8% as profit, revenue outlook disappoints
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Amazon (AMZN) stock fell 8% in afternoon trading Friday after the retail and cloud giant delivered current-quarter forecasts on Thursday that missed expectations on both the top and bottom lines. The disappointing returns were compounded by a weak July jobs report, which sent the tech world and the broader market…
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Intel leads chip stocks decline after results, outlook weighs on investor sentiment
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Sefa Ozil Intel CorporationNASDAQ:INTC) chip stocks fell Friday after the company’s second-quarter results and guidance rattled investors and analysts alike. arm (army) -8%Micron (MU) technology -7%semiconductors (ON) -5%Taiwan Semiconductor Manufacturing Company (TSM) -5%Analog devices (Adi) -4%NXP Semiconductor Corporation (NXPI) -4%Broadcom (I am bored) -3%Texas Instruments, Inc.TXN) -3%Nvidia (NVDA program) -1%and…
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Arc Resources GAAP EPS of C$0.40; reaffirms FY24 outlook
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Arc Resources (OTCPK:AETUF) Press Release: Q2 GAAP EPS of $0.40 CAD. ARC achieved production in the second quarter of 2024 of 330,046 barrels of oil equivalent per day (65% natural gas and 35% crude oil and liquids), in line with the high end of the second quarter production guidance range…
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BOJ says wages could come in hotter than expected in latest quarterly outlook report
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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BOJ governor Ueda: Some market participants expressed concerns about outlook
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Weekly Market Outlook (29-02 August)
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Upcoming Events: Monday: U.S. Treasury Refinancing Financing Estimates. Tuesday: Japan unemployment rate, Eurozone Q2 GDP, US job openings, US consumer confidence. Wednesday:Japan Industrial Production and Retail Sales, Australia CPI, China PMI, Bank of Japan Policy Decision, Eurozone Spot CPI, US ADP, Canada GDP, US Consumer Confidence, US Treasury Refinancing Announcement,…