Why UK’s National Grid Shares Are Diving Today
National Grid plc's shares down after reporting lower FY24 revenue, with 32% increase in EPS. Plans to invest $75 billion in US and UK over 5 years.
Why Software Company Cellebrite Shares Are Up Today
Cellebrite DI reported strong Q1 FY24 results with revenue up 26% YoY, ARR at $331.8 million, and EPS beating consensus. Outlook remains positive with expected revenue of $90M-$94M in Q2 and $370M-$380M for FY24.
Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report
Kinder Morgan reportedly acquires oil and gas assets in West Texas and plans to use carbon capture incentives to increase output. Stock exposure via MDST and TPYP.
Why Is Aerospace Company Triumph Stock Tumbling Today?
Triumph Group reported strong Q4 FY24 results with sales of $358.6M (+11% Y/Y) and adjusted EPS of $0.31, beating estimates. The backlog increased by 22% and the company expects improvement in financial metrics.
Mastercard Teams Up With Synchrony And Virgin Red For New Travel Rewards Credit Card: Details
Mastercard has signed a deal with Synchrony and Virgin Red for a new credit card program. Virgin Red Rewards Mastercard to launch in 2024.
BHP To Hold Firm On Latest Takeover Proposal For Anglo American: Report
BHP Group firm on takeover bid for Anglo American, deadline extended to May 29. Stock can be accessed through ETFs CRIT and COAL. Shares up 0.65%.
Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report
US judge allows Exxon's lawsuit against activist shareholder group seeking to bar climate resolution, raising concerns about stifling debate.
Aon Faces Challenges With Integration Risks And Slow Growth: BofA Downgrades Stock
BofA Securities analyst downgrades Aon plc to Underperform, citing underperformance, integration risk, and management changes. $306 price target.
Why Is Garmin Stock Falling Today?
Garmin stock downgraded to Underperform by B of A analyst due to concerns about growth momentum and valuation. Q1 results beat estimates.
Shell’s LNG Gambit: Aussie LNG To Reportedly Quench Asia’s Thirst
Shell expects Australian LNG to meet demand in Asia. Cecile Wake sees Philippines, Thailand, Vietnam, & Bangladesh as key growth markets.