Apple Inc (NASDAQ:AAPL)'s muted fiscal 1Q revenue guidance is expected to be offset by the company’s strong gross margin forecast, according to BofA Securities analysts.
In an update to clients, they reiterated their ‘Neutral’ rating, while maintaining a price objective of $208, noting the positive catalysts of new product introduction and stable iPhones are offset by a potentially weaker consumer spending environment.
Block Inc (NYSE:SQ) shares made significant gains on Friday after the Square and Cash App parent company surprised investors by providing initial 2024 profitability guidance when it handed down its third quarter financial results after the closing bell a day earlier.
Block shares traded up 12% at US$49.29 at noon on Friday.
Gold remains a universally acknowledged safe haven for investors during times of rising geopolitical tension, and recent research suggests now could be the time to invest.
“At times of safe-haven demand, gold can break out, seen in mid-2020 with the Covid pandemic, and in early 2022 with Russia-Ukraine tensions,” Morgan Stanley (NYSE:MS) analysts said in a research note on Thursday.
Audioboom Group PLC (AIM:BOOM)’s shares soared this morning after it recorded a record volume of advertising impressions and reiterated its annual outlook.
Its London Stock Exchange-listed shares surged 21.5% by 10.00 am this morning to 182.25p.
In the wake of Apple Inc (NASDAQ:AAPL)'s third-quarter numbers, a consensus seems to be emerging: look past the ephemeral concerns and consider the enduring strengths of the tech behemoth.
Despite a revenue dip in its latest quarter, Apple's foundational sectors, such as iPhone sales and services, are showing promise of sustainable growth.
Citigroup Inc (NYSE:C) analysts have reiterated their buy recommendation for shares in Royal Mail, which officially changed its trading name and ticker to International Distributions Services PLC (LSE:IDS) last month.
Citigroup analysts have lowered their target price, where they believe the company’s share price would create ‘fair value’ for shareholders, to £3.25 per share.
Shares in carmakers Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were upgraded by Barclays, which said being cheap was "not usually a reason to buy, but at this level it is".
The bank upgraded to 'overweight' ratings on the Michigan-headquartered pair and a positive view on the wider US auto sector.
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares moved higher on Wednesday afternoon as optimism around the company’s artificial intelligence (AI)-related growth outweighed an expected downturn in its embedded business during the fourth quarter.
AMD shares had gained 8.5% at US$106.86 in the early afternoon on Wednesday.
Airbnb Inc (NASDAQ:ABNB) is expected to continue to benefit from the post-pandemic rebound in the travel industry when it hands down its third quarter financial results after the closing bell on Wednesday, November 1, with the accommodation platform expected to report increased revenues and profits.
Airbnb has projected revenue of $3.3 billion to $3.4 billion for 3Q, representing year-over-year growth between 14% and 18% from $2.9 billion in the year-ago quarter.
A Missouri jury's verdict that the National Association of Realtors colluded with brokerages to keep agent commissions high created a shockwave throughout real estate stocks earlier this week.
Zillow (NASDAQ:Z) and others plunged on Tuesday after the ruling, which could change how Americans purchase homes, or specifically, how they pay for broker fees.
GSK PLC (LSE:GSK, NYSE:GSK) has received mixed reactions from City analysts despite an objectively strong third-quarter performance and raised financial guidance.
Shore Capital Markets praise the “stellar debut” of respiratory syncytial virus (RSV) vaccine Arexvy, which helped to drive up vaccine sales 13% over targets.
Despite initial enthusiasm that artificial intelligence, specifically generative AI such as ChatGPT, has been the major driving force propelling tech markets this year, analysis from Deutsche Bank suggests a more nuanced picture.
While Nvidia surged 141% post-ChatGPT, contributing to the Nasdaq 100 gaining around 20%, AI hype has not been the pivotal market driver many assumed.
Analysts at UBS have lowered their quarterly iPhone and Mac sales forecasts ahead of Apple Inc (NASDAQ:AAPL)'s fourth-quarter earnings due after the market close on Thursday.
They lowered their iPhone forecast by 1% and Mac forecast by 4.7% to reflect soft demand across Apple’s two largest regions, the US and China.
Electronic Arts (EA) is expected to comfortably exceed its second-quarter fiscal 2024 guidance, driven by strong starts for the new EA SPORTS FC games, as well as overly conservative profit guidance, when the digital games maker reports its results after the close on November 1, according to Wedbush analysts.
In an update to clients, the analysts noted they also anticipate a more pronounced beat on the bottom line as the company phases marketing dollars to future periods.
Palo Alto Networks Inc (NYSE:PANW) announced Tuesday it is enhancing its cloud capabilities by acquiring Tel Aviv, Israel-based start-up Dig Security, a provider of Data Security Posture Management (DSPM).
The company said that Dig’s DSPM solution allows organizations to discover, classify, monitor, and protect sensitive data across all cloud data stores, giving Palo Alto’s customers visibility and control of the multi-cloud data estates.
Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF)’s key catalysts are now coming into view, judging by a research note on the life sciences company published by Stifel today.
The group made strong progress in its latest financial year, including a positive data reading arising from SCIB1’s Phase-2 (SCOPE) trial for advanced melanoma and progress in Phase 1/2 of its Modi-1 clinical trial (ModiFY).
Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) shares took off on Tuesday following a bullish research report from Progressive Equity Research.
Progressive touted Hydrogen Utopia’s strategic acquisition of a 49% stake in medicinal cannabis company Ohrid Organics as a “potential innovative source of financing without having to resort to a dilutive share issue”.
Shares of First Quantum Minerals (TSX:FQM) plunged almost 30% on Monday after the Panama government announced it would be holding a referendum about whether it can continue to operate its flagship project, the Cobre Panamá open-pit copper mine.
The government earlier this month granted the Canadian miner’s local subsidiary an extension to its mining license for Cobre Panamá, which saw thousands of people take to the streets in protest of the economics of the deal and the mine’s environmental impact demanding the contract be withdrawn.
Take-Two Interactive Software Inc (NASDAQ:TTWO)’s second quarter fiscal 2024 financial results are expected to be largely in-line with the video game maker’s guidance while its full year outlook is likely to remain unchanged, according to Wedbush analysts.
In an update to clients, they noted that investor sentiment continues to be driven by anticipation for the release of the sixth version of Grand Theft Auto (GTA).
Chevron Corporation (NYSE:CVX) received an upgraded ‘Buy’ rating from analysts at Bank of America, who cited the “unwarranted collapse” in the energy company’s shares following its weak third quarter results.
The share price presents a “tactical opportunity” for investors after Chevron stock fell 9.6% week-over-week to about US$145.