Large Cap Archives - Page 109 of 437

2 minute read

Health Insurer Elevance’s Q4 Earnings: Dividend Increase, Drop In Medicaid Enrollment, Upbeat 2024 Outlook

January 24, 12:15 PM

Elevance Health excels with Q4 2023 revenues of $42.45B, up 7% YoY, surpassing consensus. Explore the growth drivers, profit insights, and future projections.

ELV

2 minute read

F-35 Jets Delay Causes Turbulence In Lockheed Martin Stock, But Golden Cross Signals Potential Take-Off

By Surbhi Jain

January 24, 11:46 AM

Lockheed Martin delivered an 8.82% surprise in earnings and a 5.03% surprise in revenue; 2023 backlog reached a record $160.6 billion.

LMT

2 minute read

Walgreens Explores Options for Shields Health in Potential $4B Deal As Part of Turnaround Strategy

By Vandana Singh

January 24, 11:44 AM

Walgreens' strategic move: Potential $4 billion sale of Shields Health Solutions, part of a broader financial strategy. CEO Tim Wentworth addresses challenges and cost-cutting measures.

WBA

2 minute read

US Output Growth Hits 7-Month High In January: Services Lead, Manufacturing Rebounds

By Piero Cingari

January 24, 11:38 AM

US economy shows robust start to 2024, driven by service & manufacturing sectors. PMI at highest levels since mid-2023. Demand & business confidence improve, inflation cools. Challenges include supply delays & declining purchasing activity in manufacturing.

SPY

2 minute read

Gilead’s Tecartus Dropped From FDA List Of CAR-T Therapy With Updated Label Warning Of “Risks Of Secondary Cancer’

By Vandana Singh

January 24, 11:36 AM

FDA issues classwide black box warning for CAR-T therapies due to T-cell cancer risk. Drops Gilead's cell therapy from the list.

BMY

2 minute read

Why Huggies Maker Kimberly-Clark Shares Are Sinking Today

By Lekha Gupta

January 24, 11:31 AM

Kimberly-Clark Corp reported Q4 FY23 results with flat sales of $4.97 billion, missing estimates. Organic sales increased by 3%. Gross margin expanded 210bps. Operating income fell 6%. Adjusted EPS was $1.51, missing consensus. FY23 outlook expects low-to-mid single digit sales growth and high single-digit EPS growth.

KMB

3 minute read

AI Regulation: Did The EU Just Deliver The Future Of AI Directly Into The Hands Of The US?

By Neil Dennis

January 24, 10:37 AM

Leaked draft of EU's AI Act raises concerns of tight timeline and high costs for compliance. Some fear stifling innovation and damaging EU's AI industry.

AMZN

3 minute read

Chinese Stocks Rally As Beijing Goes All-In On Financial Support, Squeezes Short Sellers

By Piero Cingari

January 24, 10:22 AM

Chinese equities surge on government's plans to inject 2 trillion yuan and restrict short selling, signaling potential market recovery.

BABA

2 minute read

Intel Q4 Earnings Preview: Analysts Cautious For 2024, Envisions ‘More-Clouded Picture’ After Strong 2023

By Surbhi Jain

January 24, 9:44 AM

Intel Corp (INTC) to report Q4 earnings on Jan. 25, with expected revenue of $15.16B. Stock up 61.51% in past year, but faces risks in 2024.

ADI

2 minute read

What’s Going On Johnson & Johnson Stock Today?

By Vandana Singh

January 24, 8:54 AM

JNJ reports strong earnings, beats expectations for Q4 of 2023, with increased sales and successful acquisitions. Stock closes lower, settles talc litigation, and delays competitor's launch.

AMGN