US stocks tumbled on Tuesday as fears over a nuclear escalation to the Russia-Ukraine war rattled markets, stealing focus from Nvidia (NVDA) earnings and other corporate results. The Dow Jones Industrial Average (^DJI) led the declines, down about 0.8%. The benchmark S&P 500 (^GSPC) slid roughly 0.5% to fall below its election breakout level, while the tech-heavy Nasdaq Composite (^IXIC) also dropped around 0.5% on the heels of a mixed day for the major gauges. Stocks are retreating as investors assess news that President Vladimir Putin has signed a revised nuclear doctrine that allows Russia to expand its use of…
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Merck said on Tuesday a study showed that its injectable version of cancer drug Keytruda was not inferior to the currently approved intravenous formulation of its treatment, likely making it even more accessible and easier to administer.The U.S. pharmaceutical giant was testing the injectable version of the world’s biggest-selling drug in a late-stage trial of patients with a type of lung cancer.The injectable version could potentially protect the drug, which had sales of about $25 billion last year, from competition that is expected when the IV version loses patent protection later in the decade.Merck plans to discuss the results with…
A trader wears a Trump hat as he works on the floor of the New York Stock Exchange during the opening bell on Nov. 6, 2024.Timothy A. Clary | Afp | Getty ImagesOn Nov. 5, the presidential election handed a decisive victory for President-elect Donald Trump. In the days that followed, the markets soared.A “Trump trade” led to new index highs for the S&P 500 and Dow Jones Industrial Average, lifted with the help of certain sectors expected to do well under the president-elect’s second term.As of Monday, the postelection market fervor had started to subside to preelection levels.Yet, some…
On Tuesday, Walmart announced its fiscal third quarter results as the retail giant promotes its ongoing Black Friday and Cyber Monday holiday shopping events next week.The company reported revenue of $169.59 billion for the period, which beat analysts’ expectation of $167.72 billion, according to LSEG consensus estimates. Additionally, Walmart reported earnings per share of 58 cents, adjusted, compared with the 53 cents analysts’ predicted.Notably, the company appears to be optimistic heading into the holiday spending season and says Walmart customers have been purchasing more general merchandise outside of groceries.”In the U.S., in-store volumes grew, pickup from store grew faster, and…
Image source: Getty Images Earlier this year, I decided to sell my holdings in Barclays (LSE:BARC). The stock had jumped above 200p and had hit fresh three-year highs. However, since then the Barclays share price has kept on rallying. It’s now up 82% over the past year at 256p. So did I make a terrible investing decision? My thinking on Barclays First let’s run through why I decided to sell the stock. I bought it at the start of the year when it was fundamentally undervalued. The price-to-earnings (P/E) ratio was around 5, half of the benchmark figure of 10…
The good times keep rolling on at Walmart (WMT), as inflation-weary shoppers continue to search for value. On Tuesday, the world’s biggest retailer posted fiscal third quarter results that easily beat Wall Street expectations. Sales of $169.59 billion topped analyst estimates for $167.5 billion. Adjusted earnings per share eclipsed estimates by 5 cents at $0.58. “We had a strong quarter, continuing our momentum,” CEO Doug McMillon said in a statement. “In the US, in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that.” Shares of Walmart rose over 4% in premarket trading on…
ONTARIO, Calif. – Nature’s Miracle Holding Inc. (NASDAQ: NMHI), a company specializing in vertical farming technology, has announced a 1-for-30 reverse stock split of its common stock set to take effect on November 21, 2024. The adjustment aims to raise the bid price of the company’s shares to comply with the Nasdaq Global Market’s minimum bid price requirement. With the reverse stock split, every 30 existing shares of common stock will be automatically converted into one share. This consolidation is expected to proportionally reduce the number of shares outstanding without altering shareholders’ relative ownership percentages, barring minor changes due to…
The event focused on innovative strategies to achieve zero-emission power grids, News.Az reports. The session began with an overview of seven small… Source link
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, the Kinder Morgan, Inc. (NYSE:KMI) share price is up 72% in the last three years, clearly besting the market return of around 16% (not including dividends). Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. See our latest analysis for Kinder Morgan To paraphrase…
One of the most bullish market strategists sees the S&P 500 rising again in 2025.Strong earnings, fading inflation, and lower interest rates make for a healthy backdrop.BMO Capital Markets shared how to take advantage of the long-term bull market rally.Investors appear to be in for another excellent year in 2025, even though US stock returns will likely normalize after years of explosive gains.The S&P 500 is set to rise 13.7% to 6,700 in 2025, according to BMO Capital Markets. That would align neatly with the 15% earnings growth rate that analysts are calling for, as well as the market’s average…