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Zimmer set for its worst day ever after cutting 2025 organic sales growth forecast
Shares of medical device maker Zimmer Biomet Holdings ZBH.N fall 16.1% to $86.49, its lowest in over five yearsStock set for its biggest one day pct. drop ever, if losses holdZBH lowers upper end of organic sales growth forecast to 4.0% from 4.5%, maintaining lower end at 3.5% Co reports Q3 adj.prof...Reuters
2 minutes ago
CANADA STOCKS-TSX rebounds as resource-focused shares lift
By Avinash P Nov 5 (Reuters) - Canada's benchmark index jumped on Wednesday, rebounding from the previous day's selloff due to strength in commodity-linked shares, while investors digested a better-than-expected U.S. private payrolls reading.At 10:07 a.m. ET, Toronto's S&P/TSX co...Reuters
2 minutes ago
Steven Madden jumps as forecasts for Q4 sales, profit above estimates
Shares of Steven Madden rise about 8% to $35.42 in early trading Co forecasts Q4 revenue in the range of 27% to 30%, above analysts' estimates of around 20% - data compiled by LSEG Expects Q4 adjusted EPS in the range of 41 cents to 46 cents vs estimates of 29 centsCo, however, reports Q3 revenu...Reuters
8 minutes ago
Humana's lack of 2026 commentary spooks investors
Analysts worry about lack of clarity on 2026 performanceQuarterly medical cost ratio aligns with Humana's expectationsHealth insurer sees smaller decline in 2025 Medicare Advantage membershipBy Sriparna Roy and Sneha S K Nov 5 (Reuters) - Health insurer Humana's HUM.N shares fell mo...Reuters
11 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 and Laura Matthews SINGAPORE/NEW YORK, Nov 5 (Reuters) - Sharp falls in technology stock prices are cause for caution but not pani...Reuters
18 minutes ago
Plains All American Pipeline falls after Q3 results
Shares of U.S.-based Plains All American Pipeline PAA.O fall 1.7% to $16.15Company posts Q3 revenue of $11.6 billion vs analysts' estimate of $12.4 billion - data compiled by LSEGCompany forecasts 2025 adjusted core profit attributable to PAA to be in the range of $2.84 to $2.89 billion compared...Reuters
19 minutes ago
US STOCKS-Wall Street edges up as tech stocks settle after sell-off
Indexes up: Dow 0.23%, S&P 500 0.27%, Nasdaq 0.45%SMCI falls after missing Q1 revenue, profit estimates Johnson Controls jumps after upbeat 2026 profit forecastU.S. economy adds more private jobs in October than expectedBy Twesha Dikshit and Purvi Agarwal Nov 5 (Reuters) - Wall Street's m...Reuters
22 minutes ago
BofA raises return target as CEO Moynihan's new plan aims to catch up with rivals
BofA targets 16%-18% ROTCE to narrow gap with rivalsROTCE forecast in line with Wall Street expectations Net interest income to grow 5%-7% annually over the next five yearsCEO says consumers remain healthyShares fall By Saeed Azhar, Arasu Kannagi Basil and Nivedita Balu BOSTON, Nov 5 (Reuters) - ...Reuters
24 minutes ago
Top Calls on Wall Street: AMD, Super Micro, Pinterest, Rivian, Tesla, Alphabet, and More
Here are the biggest calls on Wall Street on Wednesday:UBS reiterates AMD as buyUBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday.“With its first Analyst Day since before ChatGPT taking place next week, there wasn’t likely to be a ton new at earnings to swing the d...Tiger News
27 minutes ago
LIVE MARKETS-Spending at restaurants slows, but independents outperform
U.S. equity indexes climb, Nasdaq leads gainsSTOXX 600 up 0.2%Dollar, gold higher; crude down ~0.5%; bitcoin up ~3%U.S. 10-Year Treasury yield rises to ~4.14%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.rese...Reuters
31 minutes ago
McDonald's value meals, offers drive sales beat as spending stays tight
U.S. comparable sales up 2.4% in third quarterExpect stronger Q4 U.S. sales due to meal offers, CEO saysLow-income consumers remain under pressureBy Savyata MishraNov 5 (Reuters) - McDonald's MCD.N beat estimates for third-quarter global comparable sales on Wednesday as affordable meal offers f...Reuters
33 minutes ago
Zimmer cuts 2025 organic sales growth forecast on weakness in international markets
By Sahil PandeyNov 5 (Reuters) - Zimmer Biomet Holdings ZBH.N cut its 2025 organic revenue growth forecast following weakness in Latin America and emerging markets in Europe, sending shares 15% lower on Wednesday.The medical device maker kept its overall revenue growth forecast stable, aided by for...Reuters
34 minutes ago
Solar Energy Stocks Surge After SolarEdge Earnings
Solar energy stocks surged in morning trading. SolarEdge rose 22%; Canadian Solar rose 18%; JinkoSolar rose 9%; NEXTracker and Array Technologies rose 6%; Enphase Energy and First Solar rose 5%; Sunrun rose 4%. SolarEdge reported third quarter EPS of $-0.31, $0.10 better than the analyst e...Tiger News
36 minutes ago
Wall Street girds for life under Mamdani, worries about New York City's competitiveness
Wall Street hopeful NYC's next mayor Mamdani will moderate positionsSpanberger becomes first female governor of Virginia; Democrat also wins in NJ Races could signal Democratic momentum ahead of 2026 midterm electionsBy Lewis Krauskopf and Saeed Azhar NEW YORK, Nov 5 (Reuters) - Wall Stre...Reuters
38 minutes ago
BWX Technologies dips after $1 bln convertible bonds sale unveil
Shares of nuclear components maker BWX Technologies BWXT.N down 0.9% at $198.64 early Weds as it looks to raise capitalLynchburg, Virginia-based BWXT early Weds announces private offering of $1 bln 5-year convertible bondsCo intends to use net proceeds to fully repay debt under credit facility, rema...Reuters
38 minutes ago
Targa Resources gains on Q3 core profit beat
Shares of pipeline operator Targa Resources TRGP.N up ~5% at $162.25Co beat Q3 adjusted core profit estimates, helped by record natural gas and liquids volume from the Permian BasinCo expects full-year adjusted core profit around the top end of its $4.65 billion to $4.85 billion rangeCo reports adju...Reuters
40 minutes ago
Alphabet Shares Jump as Google Wins DOJ Approval for $32B Wiz Acquisition
Israel-based cloud security company Wiz has cleared a U.S. Justice Department antitrust review of its acquisition by Google-parent Alphabet, Wiz CEO said in a Wall Street Journal event on Tuesday.The deal, valued at about $32 billion, would be Alphabet's largest acquisition.Alphabet shares jumped mo...Tiger News
48 minutes ago
O'Reilly Automotive rises after Raymond James upgrades to 'outperform'
Shares of O'Reilly Automotive ORLY.O up nearly 2% at $95 in early trading Raymond James raises rating to "outperform" from "market perform," maintains PT at $105Brokerage says co is expected to grow strongly in 2025–26, driven by pricing tailwind, robust demand, store expansion ...Reuters
50 minutes ago
Banorte shares fall 2.5% after Q3 results, 2025 profit outlook cut
MEXICO CITY, Nov 5 (Reuters) - Shares in Mexican lender Banorte GFNORTEO.MX fell 2.5% Wednesday in early trading after it cut its 2025 net income forecast and reported a 9% profit drop in the third-quarter on Tuesday.The group said that the June to September results were hit by the sale of its digit...Reuters
54 minutes ago
Navigation equipment maker Trimble lifts annual forecast as recurring revenue hits record high
Nov 5 (Reuters) - Trimble TRMB.O raised its annual earnings forecast after surpassing quarterly estimates on Wednesday, benefitting from its strategy to bundle its navigation equipment with software for industries such as construction and transportation.The company also reported a record-high annual...Reuters
57 minutes ago
