UnitedHealth Group (UNH) reported a better-than-expected profit for the third quarter on Tuesday, aided by expansion of its insurance and Optum businesses.The health insurer’s medical costs, however, came in higher than expectations. For the quarter, the company’s medical loss ratio – the percentage of premiums spent on medical care – was 85.2%, higher than the 82.3% reported a year earlier, as well as analysts’ estimate of 84.2%.Shares of UnitedHealth were down 2.4% in premarket trading.The company, along with other health insurers, has faced elevated medical costs as a turnover in people enrolled in Medicaid left insurers with more sick patients.Demand…
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Image source: Getty Images Back in 2021, shares in Spirax Group (LSE:SPX) traded at a price-to-earnings (P/E) multiple of 61. Since then, the FTSE 100 stock has fallen 59% and trades at a P/E ratio of 26. On the face of it, the company is dealing with cyclical pressures that should ease. But that doesn’t tell the full story. Slow growth It’s probably fair to say investors who were buying Spirax shares at a P/E multiple of 61 were hoping for better than 2% earnings growth per year. But a few things have gone wrong. Most obviously, the rate of…
Investing.com — The stock price of former US President Donald Trump’s media group surged in premarket trading on Tuesday, after they touched their highest level in over two months in the prior session. On Monday, more than 57 million shares of Trump Media and Technology Group (NASDAQ:) exchanged hands, in the busiest day for the stock since July 15 — the first trading day after an attempted assassination on the Republican presidential candidate at a rally in Pennsylvania. The shares in the Truth Social operator — which is 57% owned by Trump — increased by over 18% on Monday, in the…
Fundcraft, a leading provider of digital-native fund operations, today announced that Moonfare, the world’s leading digital platform for private equity investing, is live on its solution. Moonfare seeks to democratise private equity investing. It does so by selecting the best funds from General Partners such as KKR, Carlyle, and EQT, and offering access to these funds to eligible individual investors and family offices. Moonfare has grown strongly since it launched its first fund in 2018. Today, the Moonfare platform has over 61,000 members, almost 4,800 active investors in over 110 funds, and EUR 3bn under management. Its 200 employees operate…
Image source: Getty Images Rolls-Royce shares are performing really well right now. But other UK stocks are generating bigger gains for investors. Here, I’m going to highlight an under-the-radar stock that has delivered more than twice the return that Rolls-Royce has this year. Believe it or not, this stock is trading for just 22p. A UK cybersecurity company The stock I want to zoom in on today is Corero Network Security (LSE: CNS). It’s a small UK cybersecurity company that specialises in solutions designed to protect companies against malicious network/server activity. I’m kicking myself for not buying this stock when…
TAINAN, Taiwan, Oct. 15, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: NASDAQ:), an industry leader in fabless display driver ICs and other semiconductors, today announced the successful mass production of its cutting-edge In-Cell Touch TDDI (Touch and Display Driver Integration) solution, the HX83132, for high-end LCD AI laptops. The HX83132 has already been adopted by several leading panel makers across the board. By entering mass production during the third quarter of 2024, this marks a significant milestone for the first-of-its-kind, innovative product. As notebook brand customers increasingly prioritize product differentiation and value enhancement, the integration of touch functionality into…
How is AI changing investing? In the premiere episode of Quartz AI Factor, Doug Clinton, CEO of AI investment firm Intelligent Alpha, breaks it down Source link
The market for artificial intelligence (AI) is in high demand in the enterprise arena, but AI has yet to boost the consumer PC market. Worldwide PC shipments have fallen from 341 million in 2021 to 241 million in 2023, according to Statista.However, conditions for a PC recovery are on the horizon. Microsoft will be ending support for Windows 10 next year, which is expected to drive adoption of next-generation PCs optimized for AI applications. Gartner expects AI PCs to make up 43% of PC shipments in 2025, up from 17% in 2024, which implies a strong upgrade cycle.Here are two…
Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand.The company’s stock had edged up near 9% at 8:28 a.m. London time, before lightly paring gains to 7.6% at 9:52 a.m.Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in the same period of last year and exceeding the 5.75 billion crown mean forecast of analysts cited by Reuters.Net sales shed 4% year-on-year to 61.8 billion Swedish crowns in the third quarter, but nevertheless surpassed analyst…
Image source: Getty Images Over the past two decades, the FTSE 100 index has averaged gains of around 6.3% a year, including dividends. That’s what chartered financial analyst Edward Sheldon discovered recently after carrying out research and writing about it on The Motley Fool. Sheldon reckons those average annual gains delivered an overall return of 241% over the 20-year period. A Footsie index tracker fund would have beaten cash in the bank. But Sheldon’s unimpressed. He suggests at least diversifying over other indices, such as America’s S&P 500. But he also thinks it may be a good idea to pick…