Apple Inc. plans to boost its revenue by expanding its market share in the computer industry through the introduction of new Mac models and other devices. According to the company's management, the computer market is projected to grow in 2024, even if it does not reach pre-pandemic levels. Bloomberg is forecasting a 5% increase in Mac sales, potentially leading to...
Energy company Exxon Mobil Corp. reported profit in Q3 2023 amounting to 9.1 billion USD. It decreased compared to last year's results but still managed to exceed analysts' expectations.
The recovery in energy prices played a significant role in achieving this profit level. The ongoing tensions in the Middle East have, to some extent, positively impacted the...
AST SpaceMobile, Inc. has launched new satellites into space. The company also plans to launch a group of BlueBird satellites (the initial five satellites for its mobile communications constellation) early next year.
The first commercial contracts are expected to be concluded with telecom operators and government organisations as the demand for reliable satellite...
Meta Platforms Inc. reported record quarterly revenue growth over the past ten years since the company went public. Revenue amounted to 34.15 billion USD (a relative increase of 23%), and net profit reached 11.58 billion USD (a relative increase of 164%).
The main reasons for such outstanding results were the increase in demand for advertising and the reduction...
Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations.
In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US...
Yesterday, 23 October, e-commerce security solution provider Riskified Ltd. announced a partnership with financial data network Plaid. It will allow the issuer to increase revenue through new transaction security customer offers. The Plaid and Riskified collaboration enables online merchants to accept ACH payments while protecting against fraud and insufficient...
American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels.
Therefore,...
3D printer manufacturer Nano Dimension Ltd. has announced an additional $1 billion share repurchase. With these funds, the company attempted to acquire its rival Stratasys but failed. Instead, Nano Dimension management plans to pursue mergers with several other market participants, which will ensure potential income growth and expand its business.
Therefore,...
Biotechnology company Ardelyx Inc. has received FDA approval for its drug Xphozah. This medication is intended for treating kidney diseases and is typically recommended for patients with elevated kidney phosphorus levels. Xphozah could be a valuable addition to hemodialysis therapy since it is compatible with other drugs used for treating these conditions.
Let's...
Bank of America has incurred a loss of 131.6 billion USD from securities transactions. According to the bank's CFO, Alastair Borthwick, this loss can be attributed to the declining value of US government bonds in the bank's portfolio, as a result of rising interest rates. The loss is anticipated to recover once the government fulfils its obligations, leading to an...
Pharmaceutical company Novo Nordisk completed its research into the treatment of kidney disease a year ahead of schedule. However, the results will only be published in early 2024. If the company demonstrates convincing positive results, Novo Nordisk's revenue growth prospects will be strong.
Today, our focus is on the Novo Nordisk (NYSE: NVO) stock chart.
On...
Following the Q4 results of the 2023 financial year, Comtech Telecommunications Corp. has reported an increase in its revenue. The primary factor contributing to this growth is the conclusion of a long-term contract with the US government for the development and production of advanced communication systems. Historically, government contracts have a positive impact...
Parsons Corporation specialises in the development of military technologies and cybersecurity. On Monday 9 October, Parsons signed a contract with the Pentagon to secure funding for their latest invention, with the possibility of additional orders in the future. The initial transaction amount was set at 53 million USD. The company's specialists will train the...
Chip manufacturer Advanced Micro Devices (AMD) has announced plans to acquire artificial intelligence startup NOD in an attempt to catch up with its rival, Nvidia (NVDA). The latter is a leader in the production of AI chips.
Today, we are focusing on the Advanced Micro Devices (NASDAQ: AMD) stock chart.
On the D1 timeframe, support has formed at 104.89, with...
The aggravated situation in the Middle East following the conflict between Israel and Hamas has fuelled investor interest in military-industrial complex companies. Shares of the aerospace company Lockheed Martin may see heightened demand since aviation is likely to play a crucial role in this unfolding scenario. Should the hostilities persist, and the US extends a...
Trian Fund Management has increased its holdings in The Walt Disney Company. Its shares are now at their minimum while the company filed positive reports. In addition, Disney increased the subscription cost to its Disney+ streaming service. The strike of screenwriters and actors in Hollywood has also ended. All this background will positively impact the issuer's...
Amid the UAW (United Auto Workers) strike, General Motors' shares reached a three-year low. The automotive giant's management is likely to eventually come to an agreement with the workers' demands.
It is interesting to note that in Q3 2023, General Motors and its dealers sold 21% more cars than in the same period last year, leading to a 19% year-over-year growth...
A unique situation has arisen in the market where the reward for the risk associated with stock investments is nearly equivalent to the yield on 10-year US government bonds. The prices of debt securities are steadily declining, and only a substantial collapse in the stock market can restore demand for them.
Barclays' analysts share a similar viewpoint. However,...
