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Street View: Amgen's pipeline packs a punch
Amgen AMGN.O on Tuesday reported quarterly financial results that beat Wall Street expectations and raised its full-year outlook, as 12% sales growth offset expenses related to experimental weight-loss drug MariTide and a higher tax rateShares of co rise nearly 2% to $301.79 in premarket DRUGS ...Reuters
5 minutes ago
Sarepta rises after Mizuho upgrades rating, lifts PT on Elevidys adoption
Shares of genetic medicine maker Sarepta Therapeutics SRPT.O rise 2.4% to $16.59 premarket, after Mizuho upgrades stock to "outperform" from "neutral"The brokerage raises SRPT's price target to $26 from $19"We have higher confidence in Elevidys adoption, given the strong dema...Reuters
5 minutes ago
McDonald's see-saws after burger chain misses revenue estimate
Shares of McDonald's MCD.N see-saw in volatile premarket trading after announcing Q3 resultsPosts quarterly revenue at $7.08 billion, missing analysts' estimate of $7.10 billion - data compiled by LSEGReports Q3 adjusted net income at $3.22 per share vs analysts' estimate of $3.33 per sh...Reuters
6 minutes ago
Trex slumps as Q3 results miss estimates, brokerages downgrade rating
Shares of decking and railing products maker Trex Company TREX.N plummets 34% to about $31 premarketCo missed Q3 sales and profit estimates on Tuesday, due to weaker-than-expected demand in repair and remodel segmentTREX posted quarterly adj. profit of 51 cents, below Wall Street estimates of 57 cen...Reuters
8 minutes ago
Bio-Techne plunges as quarterly sales miss estimates
Shares of bio-tech firm Bio-Techne TECH.O rises about 9% at $55.44 in premarket tradingReports Q1 sales drop of 1% of $2.87 billion compared to analyst estimate of $2.91 billion - data compiled by LSEG Posts Q1 adjusted EPS in line with estimate of 42 cents "We observed encouraging signs of sta...Reuters
9 minutes ago
US STOCKS-Wall Street futures dip as valuation concerns persist
Futures down: Dow 0.06%, S&P 500 0.28%, Nasdaq 0.45%SMCI falls after missing Q1 revenue, profit estimates Pinterest slides after downbeat quarterly revenue forecastBy Twesha Dikshit and Purvi Agarwal Nov 5 (Reuters) - U.S. stock index futures ticked lower on Wednesday, as investors retreated ...Reuters
14 minutes ago
Guardant Health slides on $650 mln stock, convertible bonds sales
Shares of medical diagnostics co Guardant Health GH.O down 7.4% premarket at $90.90 after above-target capital raise Palo Alto, California-based precision oncology firm early Weds announces pricing offering of ~3.3 mln shares at $90 for $300 mln gross proceeds Offering price represents 8.3...Reuters
17 minutes ago
Biohaven Plunges as FDA Declines to Approve Lead Drug
Shares of Biohaven plunged 44.9% in the premarket on Wednesday after the company said the U.S. FDA issued a Complete Response Letter in response to its marketing application for its lead asset Vyglxia (troriluzole), rejecting the drug's approval.The New Haven, Connecticut-based biotech had received ...Tiger News
23 minutes ago
New York Times projects upbeat subscription revenue on steady demand
Nov 5 (Reuters) - The New York Times NYT.N on Wednesday projected fourth-quarter subscription revenue growth above Wall Street expectations, betting that its strategy to bundle news with more lifestyle and sports content will drive stronger demand from consumers. Shares of the company rose about 4% ...Reuters
23 minutes ago
McDonald's beats sales estimates as value meals pull in cautious diners
By Savyata MishraNov 5 (Reuters) - McDonald's MCD.N beat estimates for third-quarter global comparable sales on Wednesday as affordable meal offers from the fast-food giant helped whet demand even as consumers remained selective with their spending. The burger chain posted global same-store sal...Reuters
28 minutes ago
LIVE MARKETS-AI: Going round in circles?
STOXX 600 down 0.4%Tech leads fallersNovo lifted by US pricing newsNasdaq futures off lowsWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com AI: GOING ROUND IN CIRCLES? Equity marke...Reuters
30 minutes ago
Grocery Outlet falls after annual sales forecast cut, Q3 sales miss
Shares of discount retailer Grocery Outlet GO.O down 12.6% at $12.38 premarketCo lowers FY comparable store sales forecast and posts Q3 sales below estimates after market close on TuesdaySees annual comparable sales increasing between 0.6% and 0.9% vs. prior 1% to 2% growth forecastPosts Q3 sales of...Reuters
30 minutes ago
UK stocks flat as financials losses counter energy gains; focus on BoE, earnings
FTSE 100, FTSE 250 flatBarratt Redrow up after maintaining FY targetsBank of England rate decision on Thursday Nov 5 (Reuters) - UK's FTSE 100 was flat on Wednesday as losses in heavyweight banks were offset by rising energy shares, while investors focus on a Bank of England interest rate de...Reuters
45 minutes ago
Estee Lauder slips on $1 bln secondary offering by Lauder heir's family
Shares of cosmetics maker Estee Lauder EL.N down 2.1% before the bell at $90.90 after overnight secondary offering priced EL late Tues announced sale of ~11.3 mln shares by trusts affiliated with descendants of Leonard Lauder, who died on June 14, at $90 for gross proceeds of ~$1 bln ...Reuters
47 minutes ago
Don't panic yet, investors say as high-flying AI stocks tumble
Global stocks topple from record highsAnalysts see drop as 'healthy' and 'profit taking'Wall Street executives warn of stock pullbackBy Ankur Banerjee SINGAPORE, Nov 5 (Reuters) - Sharp falls in technology stock prices are cause for caution but not panic yet, said brokers and inve...Reuters
48 minutes ago
MORNING BID AMERICAS-Wall Street gets vertigo
By Mike Dolan Nov 5 - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Finance and MarketsA rare shakeout in Big Tech and chip stocks on Tuesday rippled around world bourses overnight. The fact that it came with few triggers other than growing unease at sky-high valuat...Reuters
an hour ago
US STOCKS-S&P 500, Nasdaq futures slip as valuation concerns linger
Futures down: Dow 0.09%, S&P 500 0.4%, Nasdaq 0.6% Nov 5 (Reuters) - Nasdaq and S&P 500 futures ticked lower on Wednesday, as investors retreated from AI-linked stocks for a second day on concerns over ballooning valuations and awaited economic data for signs on the health of the U.S. lab...Reuters
an hour ago
Novo Nordisk's weight loss challenge in five charts
By Maggie Fick, Jacob Gronholt-Pedersen and Bhanvi Satija LONDON/COPENHAGEN, Nov 5 (Reuters) - Danish drugmaker Novo Nordisk NOVOb.CO is facing a major challenge to its blockbuster weight-loss drug Wegovy.Booming sales of Wegovy powered the firm to become Europe's most valuable, but it has lo...Reuters
an hour ago
Jefferies raises Caterpillar PT on power generation, service growth
Jefferies hike PT on heavy machinery maker Caterpillar CAT.N to $700 from $570, maintains rating at "buy"New PT shows a premium of 27.8% to the stock's last closeBrokerage says co plans to double power generation revenue by 2030, led by engine and turbine expansion, with growing service ...Reuters
an hour ago
Humana rises after quarterly profit beat
Shares of health insurer Humana HUM.N rise 1.9% to $287.14 premarketCo reports Q3 adj. profit of $3.24/shr vs analysts' average estimate of $2.82/shr – data compiled by LSEGHUM's quarterly revenue of $32.65 bln beats expectations of $32.01 blnCo's quarterly medical cost ratio - percentag...Reuters
an hour ago
