Business, Stocks

“Novo Nordisk Stock Jumps As Wegovy Sales Skyrocket 734%, Crushing Expectations”

“…For the September quarter, Novo’s sales climbed 29% to 58.73 billion Danish krone, or roughly $8.39 billion, based on today’s exchange rates. That topped the FactSet-polled analyst view for 57.88 billion Danish krone. Adjusted profit came out 5.02 Danish krone… Continue Reading…

Stocks

“Starbucks stock rises 10% as U.S. customers buy into pricier drinks”

“Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong U.S. demand for pricier drinks. Shares of the company rose 10% in morning trading. Here’s what Starbucks reported for its fiscal fourth quarter compared with what Wall Street… Continue Reading…

Stocks

“Shopify shares surge 15% on earnings beat, rosy guidance”

“Shopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year. Here’s how the company did for the quarter compared to LSEG (formerly… Continue Reading…

Economy, Stocks

“JPMorgan’s Marko Kolanovic braces for 20% market plunge, delivers recession warning”

“JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money… Continue Reading…

Stocks

“Foreign Funds Are Selling India Stocks at Fastest Pace in Months”

“…Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through… Continue Reading…

Stocks

“RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update”

“Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an upbeat assessment of the progress it is making on inspections of a potential jet engine defect. The company formerly… Continue Reading…

Business, Stocks

“Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise”

“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added 8.76 million global… Continue Reading…

Stocks

“Why is the stock market down? Dow drops as Treasury yields near highest level since 2007”

“… Why is the stock market down today? When bonds are paying so much more in interest, they pull investment dollars away from stocks and other investments prone to bigger swings in price than bonds. High yields also make borrowing… Continue Reading…

Stocks

“The stock market sell-off is all about the ‘pain trade’ in bonds”

“Stocks continued their recent sell-off on Tuesday amid a slew of concerning headlines for investors. Labor market data showed job openings unexpectedly jumped in August. An ongoing labor strike in the auto sector is intensifying. And surging oil prices are within a few percentage points of 2023… Continue Reading…

Stocks

“Hedge funds using computers to sell up to $30 billion of stocks soon – UBS”

“LONDON (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows…… Continue Reading…