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BUZZ-Freeport-McMoRan beats Q4 profit estimates, sees higher 2025 capex; shares down
** Shares of mining company Freeport-McMoRan FCX.N fall 1.6% to $38.48 premarket ** Company expects 2025 capex to be about $5.0 bln vs $4.8 bln in 2024 ** FCX posts Q4 adj. profit of 31 cents per share vs est. of 20 cents per share - data compiled by LSEG** Reports Q4 average realized price of $...Reuters
Jan 23, 2025
BUZZ-Bernstein downbeat on European telecos pricing, but embraces capex
** Bernstein cuts it estimates on most of European telco companies in its coverage, citing its downbeat view on the pricing outlook, but calls for embracing capex** "We do not expect earnings' momentum to improve as the pricing power of (most) incumbent operators remains low", it says** ...Reuters
Jan 23, 2025
Baltic index extends fall to 23-month low
Jan 23 (Reuters) - The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on Thursday, dragged by weaker rates across all vessel segments.* The overall index .BADI, which factors in rates for capesize,...Reuters
Jan 23, 2025
BUZZ-Disc Medicine drops after stock offering priced
** Shares of Disc Medicine IRON.O down 3.7% at $56.31 before the bell after follow-on priced ** Watertown, Massachusetts-based firm late Weds sold 4.1 mln shares, including 181,818 pre-funded warrants, for $225.5 mln gross raise ** Offering size boosted from $200 mln, and priced at $55, 6...Reuters
Jan 23, 2025
HEDGE FLOW-Hedge funds buy luxury, short drink and driving in Europe, says Goldman Sachs
By Nell Mackenzie LONDON, Jan 23 (Reuters) - Hedge funds have turned optimistic about European companies that sell things people want but don't necessarily need, especially luxury goods, according to a Goldman Sachs GS.N note on Wednesday seen by Reuters on Thursday. Consumer discretionary st...Reuters
Jan 23, 2025
The Best eVTOL Stock to Invest $2,000 in Right Now
Several developers of electric vertical take-off and landing (eVTOL) aircraft went public by merging with special purpose acquisition companies (SPACs) in 2021. At the time, many investors were dazzled by these companies' partnerships and rosy long-term expectations, even though they hadn't delivere...The Motley Fool
Jan 23, 2025
3 No-Brainer Warren Buffett Stocks to Buy Right Now
If you know anything about Warren Buffett, you probably greatly admire how he has increased the value of his company, Berkshire Hathaway, by an annual average of nearly 20% over close to 60 years. Buffett has bought many great companies outright and has invested in the stock of other companies. For ...The Motley Fool
Jan 23, 2025
BUZZ-Street View: Abbott poised for a healthy 2025
** Abbott Laboratories ABT.N on Wednesday forecast 2025 profit in line with Wall Street estimates as it expects new medical device launches and growing demand for its glucose monitors to offset a hit from weakness in China and a stronger dollar** Median PT of 28 brokerages covering the stock is $134...Reuters
Jan 23, 2025
BUZZ-Union Pacific rises after posting higher quarterly profits
** Railroad operator Union Pacific Corp's shares UNP.N rise 4.1% to $245.49 premarket** UNP reported a 7% increase in Q4 profit, helped by more grain and fertilizer shipments and core pricing gains** Posted Q4 profit of $1.76 bln, or $2.91 per share, compared with $1.65 bln, or $2.71 per share, ...Reuters
Jan 23, 2025
Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets
High levels of sovereign debt globally also a risk Welcomes European focus on boosting competitivenessRemains committed to ESG despite rollback in USUpdates throughout, adds bullet pointsBy Elisa Martinuzzi DAVOS, Switzerland, Jan 23 (Reuters) - The chief executive of Norway's $1.8 trillion s...Reuters
Jan 23, 2025
BUZZ-Utility sector to attract growth investors in 2025, Guggenheim says
** Guggenheim expects growth to become more of an investment driver for the utility sector in 2025 ** Brokerage sees the sector outperforming broad markets as more nontraditional investors step in for exposure into trends such as power demand/datacenters, Trump’s energy revival, electrification and ...Reuters
Jan 23, 2025
BUZZ-Spice maker McCormick dips as annual results forecast below estimates
** Shares of hot sauce maker McCormick MKC.N down ~2% at $71.99 premarket** Co forecasts annual sales and profit below estimates owing to weaker demand, increased marketing expenses and unfavorable impact of foreign currency rates** Expects annual net sales to be flat or grow as much as 2% vs analys...Reuters
Jan 23, 2025
RPT-BREAKINGVIEWS-Stargate opens a portal to the AI feeding frenzy
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.By Karen KwokLONDON, Jan 22 (Reuters Breakingviews) - The artificial intelligence boom has a new hype man. On his second day in office, U.S. President Donald Trump announced a project backed by tech luminaries purpo...Reuters
Jan 23, 2025
City Holding Co reports results for the quarter ended December 31 - Earnings Summary
City Holding Co CHCO.OQ reported quarterly adjusted earnings of $1.94 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.84. The mean expectation of six analysts for the quarter was for earnings of $1.92 per share. Wall Street ...Reuters
Jan 23, 2025
BUZZ-Vertical Aerospace dives on deep-discounted $90 mln equity offering
** US-listed shares of air taxi maker Vertical Aerospace EVTL.N down 31.1% premarket to $6.39, nearly two-month low, after overnight follow-on prices** UK-based firm sells 15 mln shares in a unit deal at $6, ~35% discount to stock's last close; deal size increased from $75 mln** Each unit compri...Reuters
Jan 23, 2025
BUZZ-Health insurers gain after Elevance beats quarterly profit estimates
** Shares of some U.S. health insurers gain in premarket trade after Elevance ELV.N beat Q4 profit estimates** ELV up 5% at $410.20, UnitedHealth Group UNH.N up 1.4% at $527, CVS Health Corp CVS.N up 2.6% at $53.70, Centene CNC.N up 1.5% at $64.50, Cigna CI.N up 2.4% at $296 and Humana HUM.N up 2.2%...Reuters
Jan 23, 2025
BUZZ-MarineMax rises on surprise Q1 profit
** Boat dealer MarineMax's HZO.N shares up 9.16% at $30.50 premarket** Co posts Q1 adjusted profit of 17 cents/share, compared to analysts' expectations of a loss of 19 cents/share according to data compiled by LSEG** Q1 revenue falls 11.2% to $468.5 mln, primarily due to slow demand and dis...Reuters
Jan 23, 2025
US STOCKS-Futures toned down after previous session's jump; data, earnings in focus
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.GE Aerospace rises on upbeat 2025 profit forecastElevance gains after Q4 profit beats estimatesAmerican Airlines falls on downbeat 2025 profit forecast Jobless claims data due at 8:30 a.m. ETF...Reuters
Jan 23, 2025
Breakfast News: Nvidia Leapfrogs Apple
Breakfast News: Nvidia Leapfrogs AppleJanuary 23, 2025Wednesday's MarketsS&P 5006,086 ( 0.61%)Nasdaq20,009 ( 1.28%)Dow44,157 ( 0.30%)Bitcoin$103,912 (-2.78%)Source: Image created by JesterAI.1. Market Cap DogfightAfter jumping 6.75% this week, Nvidia (NASDAQ: NVDA) took the baton from Apple (NASDAQ...The Motley Fool
Jan 23, 2025
