Equities Archives - Page 129 of 1061

1 minute read

United Microelectronics Faces Sales Growth: April Revenues Jump Almost 7%

May 7, 8:47 AM

United Microelectronics reports a nearly 7% rise in April sales, anticipating increased wafer shipments in Q2 amid improving inventory levels and plans for continued investment in technology and capacity to capitalize on 5G and AI growth.

UMC

2 minute read

Wedbush’s Dan Ives Smells ‘Golden Buying Opportunity’ In Palantir’s Pullback After Q1 Earnings As He Lauds ‘Jalen-Brunson-Like’ Performance

By Shanthi Rexaline

May 7, 8:35 AM

"We are laser-focused on the AI story playing out with AIP leading the way and Palantir delivered robust numbers on this front yet again," Ives said.

PLTR

1 minute read

East Meets Green: TotalEnergies and Sinopec Team Up for Low-Carbon Future

By Lekha Gupta

May 7, 8:26 AM

TotalEnergies SE and SINOPEC have signed a strategic cooperation agreement to develop sustainable energy solutions, including sustainable aviation fuel.

EIPX

1 minute read

Amazon Storms Into South Africa: Makes Waves With Local And International Brands

By Shivani Kumaresan

May 7, 8:14 AM

Discover a world of choice with Amazon.co.za! Explore a vast array of local and global brands across 20 categories, from Electronics to Toys. Enjoy same-day and next-day delivery, plus hassle-free returns within 30 days. Experience convenient updates via WhatsApp and over 3,000 pickup points. Shop now and enjoy free delivery on initial orders, with subsequent ones over 500 rand also qualifying for free shipping.

AMZN

2 minute read

Why Rivian Stock Is Charging Up Premarket Today

By Shanthi Rexaline

May 7, 7:37 AM

Ahead of a crucial earnings report, Rivian shares have taken off, although the upward move could be due to a reason unrelated to earnings.

AAPL

2 minute read

Why BP Shares Are Trading Lower Premarket Today

By Lekha Gupta

May 7, 7:34 AM

BP shares trading lower on Q1 FY24 results, sales at $48.88B, below consensus of $55.08B. Production down 3.5% Y/Y, Renewables pipeline at 58.5GW, Adjusted EBITDA at $10.3B, RC profit at $0.97/ADS, operating cash flow at $5.01B, net debt reduced to $24.02B. CEO optimistic about strategy, announces dividend of 7.270 cents per share. Q2 FY24 outlook: slightly lower production, guidance for higher production in FY24, capital expenditure of $16B, divestment proceeds of $2B-$3B.

3 minute read

Wall Street Stutters After Disney, Palantir Earnings Frustrate: Apple Event, Hawkish Fed Speech In Focus While Analyst Insists ‘Bull Market Is Back’

By Shanthi Rexaline

May 7, 7:26 AM

The recent market recovery shows signs of a slight falter. Index futures indicate a mixed open on Tuesday.

AAPL

2 minute read

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

By Shivani Kumaresan

May 7, 6:55 AM

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

2 minute read

Why Beauty Company Coty’s Shares Are Gaining Today

By Shivani Kumaresan

May 7, 6:32 AM

Coty impresses with 8% YoY sales growth in Q3 FY24, outpacing estimates. Robust performance driven by strong sales across all regions, with a notable 10% LFL revenue increase. Prestige and Consumer Beauty segments both show solid gains, contributing to overall growth.

COTY

2 minute read

Tesla Rival Nio To Roll Out Mass-Market EV Brand In May: Report

By Shivani Kumaresan

May 7, 5:49 AM

Nio Inc's expansion strategy gains momentum with the imminent launch of its mass-market EV model, targeting affordability without compromising quality. CEO William Li's confirmation of the Onvo sub-brand's focus on challenging Tesla's Model Y underscores Nio's commitment to global competitiveness.

KGRN