Posts with tag: blog
Meta shares rise after a solid earnings report and optimism about AI-related growth opportunities. Technical analysis suggests short-term bullish targets around $755 and longer-term targets around $935. Key support levels to monitor on pullbacks are $632 and $600.
Published on: February 04, 2025, 07:01 PM UTC
BofA reiterates Nvidia as its top pick for 2025 ahead of February earnings, citing potential upside of 57% based on a $190 price target. Despite recent sell-off, the analyst remains bullish due to Nvidia's strong execution and future growth prospects in data centers and AI.
Published on: February 04, 2025, 06:02 PM UTC
Spotify reports record subscriber growth and profit, driven by expansion beyond music streaming into audiobooks, podcasts, and video, despite price increases and job cuts.
Published on: February 04, 2025, 03:01 PM UTC
US sanctions are yet to seriously impact Russian crude exports, but signs emerge that the restrictions are hindering the completion of shipments. Most notably, just two of 11 cargoes shipped from the Sakhalin Island oil and gas projects have discharged since the regulations took effect, with the remaining nine stalled or idling. Only one post-sanctions cargo has been transferred to another vessel, and while key Pacific grade ESPO continues to move, unsanctioned vessels are replacing those targeted by the US. Notably, the first tanker to load a post-sanctions cargo from the Arctic port of Murmansk is headed for India, despite the country's announcement that it will not accept cargoes on sanctioned vessels after a deadline later this month.
Published on: February 04, 2025, 02:01 PM UTC
US futures steady, dollar weakens as traders assess tariffs and earnings
Published on: February 04, 2025, 02:00 PM UTC
OpenAI expands in Asia with major partnerships with Kakao and SoftBank, gaining access to more Asian-language content and user behavior to train its AI models.
Published on: February 04, 2025, 01:09 PM UTC
Stocks struggled for direction as traders weighed tariff concerns and a mixed bag of corporate earnings. The dollar weakened and bond yields rose.
Published on: February 04, 2025, 01:05 PM UTC
Cybersecurity company SailPoint targets up to $11.5 billion valuation in US IPO. SailPoint, backed by private equity firm Thoma Bravo, offers 50 million shares priced between $19 and $21. The IPO will test investor appetite and set the tone for other firms considering listings.
Published on: February 04, 2025, 12:09 PM UTC
Axalta Coating Systems (AXTA) beats earnings and revenue expectations for Q4, with earnings per share of 60 cents and revenue of $1.31 billion. For the year, the company reports profit of $391 million or $1.78 per share, with revenue of $5.28 billion. Axalta forecasts earnings of 54 cents per share for the current quarter and $2.50 to $2.60 per share for the full year, with revenue between $5.35 billion and $5.4 billion.
Published on: February 04, 2025, 12:07 PM UTC
Merck reports Q4 net income of $3.74B, surpassing expectations with $1.72 EPS, revenue of $15.62B. The company forecasts 2023 earnings between $8.88-$9.03 per share and revenue between $64.1B-$65.6B.
Published on: February 04, 2025, 12:06 PM UTC