Category: Outlook
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General Motors shares rally after earnings and revenue beat, raises full-year outlook By Investing.com
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General Motors (NYSE:GM) shares rose 5.45% after reporting second-quarter results that beat expectations on both earnings and revenue. The auto giant reported adjusted earnings per share of $3.06, well above the consensus estimate of $2.71. Revenue for the quarter also topped expectations, coming in at $47.97 billion versus the $45…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
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(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Market Outlook for the Week of 22nd – 26th July
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The foreign exchange calendar is light on events scheduled for Monday and Tuesday. On Tuesday, traders will be watching the US existing home sales data and the Richmond manufacturing index. On Wednesday, focus shifts to the spot services PMI and spot manufacturing PMI for Australia, Japan, the eurozone, the UK…
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Weekly Market Outlook (22-26 July)
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Upcoming Events: Monday:PBoC LPR. Wednesday:Spot PMIs for Japan/Australia/Eurozone/UK/US, Bank of Canada monetary policy decision. ThursdayUS durable goods orders, US jobless claims, US Q2 GDP advance. FridayTokyo Consumer Price Index, US Personal Spending Index. Monday The People’s Bank of China is expected to keep the benchmark mortgage rate unchanged at 3.45%…
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Euronet misses top-line and bottom-line estimates; reaffirms FY24 EPS growth outlook
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Press release from Euronet (NASDAQ: EFT): Non-GAAP EPS for the second quarter was $2.25. Error by $0.04. Revenue of $986.2 million (+5.0% year-over-year) Fails by $23.8 million. Adjusted EBITDA was $178.2 million, an increase of 7% compared to $165.8 million (up 10% on a constant currency basis). Cash and Euronet…
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Netflix adds 8 million subscribers, disappoints on revenue outlook
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Netflix (NFLX) reported second-quarter earnings on Thursday, initially sending the stock down 6% in after-hours trading after the streaming giant’s revenue forecast fell short of Wall Street’s expectations for the current quarter. But shares rebounded during the earnings call as investors digested another subscriber gain of more than 8 million…
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Abbott posts Q2 earnings beat, lifts full-year outlook By Investing.com
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Abbott Park, Illinois – Abbott Laboratories The American healthcare company (NYSE:) reported second-quarter earnings that beat Wall Street expectations and raised its full-year adjusted earnings guidance, signaling confidence in its diversified healthcare portfolio. The company reported adjusted earnings per share of $1.14, beating analysts’ estimates of $1.11. Revenue for the…
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United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure By Reuters
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By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday forecast lower-than-expected profit in the current quarter as the industry grapples with a surplus of seat capacity in the domestic market that has undermined airlines’ pricing power. The Chicago-based airline expects adjusted earnings of $2.75 to $3.25…
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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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Weekly Market Outlook (15-19 July)
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Upcoming Events: Monday:New Zealand Services PMI, People’s Bank of China MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, Bank of Canada Business Expectations Survey, Fed Chair Powell. Tuesday:Eurozone ZEW index, Canadian CPI, US retail sales, US NAHB housing market index. Wednesday:New Zealand Q2 CPI, UK CPI, US housing…
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Delay in energy transition could be ‘costly and disorderly,’ BP says in annual outlook
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SlavkoSereda/iStock via Getty Images Oil futures gave up early gains and settled lower on Friday, capping off the first weekly loss after four straight positive weeks, as the recent rally in prices allowed traders to to exit their positions with healthy profits. Prices are supported by A weak U.S. inflation…
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Gilead Sciences stock upgraded by Raymond James on strong growth outlook for new drugs By Investing.com
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On Monday, Raymond James changed its stance on Gilead Sciences Inc. (NASDAQ:GIL) stock, upgrading it from “market perform” to “outperform.” The firm also set a $93.00 price target for the biopharmaceutical company. This update is bolstered by promising data from the PURPOSE-1 study of lenacapavir, a long-acting HIV pre-exposure prophylaxis…
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Weekly Market Outlook (08-12 July)
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Upcoming Events: Monday:Japan wage data. Tuesday:National Federation of Businesses Small Business Optimism Index, Fed Chair Powell’s testimony. WednesdayJapan PPI, China CPI, RBNZ Monetary Policy Decision, Fed Chair Powell Testimony. ThursdayUK GDP, US CPI, US unemployment claims. Friday:New Zealand Manufacturing PMI, US Producer Price Index, University of Michigan Consumer Confidence Index…
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European Stocks Drop on Rates Outlook, France Poll: Markets Wrap
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(Bloomberg) — European stocks fell after policymakers signaled they needed more evidence that price pressures were under control, even as the latest data showed euro-area inflation slowing slightly. Most Read from Bloomberg The pan-European Stoxx 600 index fell about 0.5%, led by insurers and automakers. France’s CAC 40 lost most…
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Market Outlook for the Week of 1st – 5th July
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On Monday, the most important event will be the release of the ISM Manufacturing PMI and ISM Manufacturing Prices for the US. On Tuesday, the euro area will publish preliminary core CPI y/y and preliminary CPI y/y estimates. In addition, ECB President Lagarde and Fed Chair Powell will participate in…
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France’s elections see strong voter turnout amid uncertain outlook (NYSEARCA:EWQ)
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Sylvain Lefebvre/Getty Images News Large numbers of voters in France went to the polls in the first round of legislative elections called unexpectedly by President Emmanuel Macron this month, the New York Times reported on Sunday. Macron’s move is seen as a political gamble. This may herald the formation of…
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Weekly Market Outlook (01-05 July)
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Upcoming events: Monday:China Caixin Manufacturing PMI, Swiss Retail Sales, US ISM Manufacturing PMI. Tuesday: Reserve Bank of Australia meeting minutes, Eurozone CPI, Eurozone unemployment rate, Canada manufacturing PMI, US jobs, Fed Chair Powell. Wednesday:Australian Retail Sales, China Caixin Services PMI, Swiss Manufacturing PMI, Eurozone PPI, US ADP, US Jobless Claims,…
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MUFG: EUR/USD outlook amid French elections and June NFP print
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Euro to US Dollar Monthly MUFG discusses the potential impact of the French elections and June’s non-farm payrolls report on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further moves. the main points: the current situation: Stability: The EUR/USD…
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Walgreens CEO calls consumers ‘increasingly selective and price-sensitive’ as retailer cuts profit outlook
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Walgreens’ (WBA) quarterly results are the latest sign that U.S. consumers are under increasing pressure. Shares of Walgreens Boots Alliance fell 24% on Thursday after the retail pharmacy chain cut its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing a “sustained decline”…