Large Cap Archives - Page 115 of 437

2 minute read

Sector Shifts: Bank of America Analyst Forecasts Challenging 2024 for Machinery, Downgrades Cummins and GFL, Upgrades PACCAR

January 19, 3:21 PM

BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.

CMI

2 minute read

Amgen’s Blockbuster Osteoporosis Drug Prolia Flagged With FDA Strictest Warning

By Vandana Singh

January 19, 2:29 PM

FDA issues serious warning on Amgen's Prolia drug, highlighting increased risk of low calcium levels in specific patient groups.

AMGN

2 minute read

Healthcare Giant Eli Lilly Under FDA Lens Again For Manufacturing Lapses

By Vandana Singh

January 19, 2:21 PM

Eli Lilly faces FDA scrutiny with eight deficiencies at its Branchburg plant, raising concerns on Emgality's manufacturing.

LLY

2 minute read

Why Starbucks ‘Sentiment Seems Poor’ Ahead Of Q1 Earnings

By Surbhi Jain

January 19, 2:05 PM

Analysts assess Starbucks ahead of Q1 earnings. Mixed sentiments due to inflation, US consumer concerns, and China uncertainty. Neutral rating, $100 PT.

SBUX

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AstraZeneca Tries To Reach New Ground For Its Lead Cancer Drug Imfinzi With New Data In Liver Cancer Study

By Vandana Singh

January 19, 1:41 PM

Explore results from AstraZeneca's EMERALD-1 Phase 3 trial on Imfinzi for unresectable hepatocellular carcinoma. Statistically significant improvement in progression-free survival with Imfinzi plus TACE and bevacizumab. Presented at ASCO Gastrointestinal Cancers Symposium.

AZN

2 minute read

Bullseye On Success: This Major US Retailer Hits Golden Cross, Will Bulls Charge In?

By Surbhi Jain

January 19, 1:05 PM

Target makes a Golden Cross, indicating bullish sentiment. What make this stock so buy-worthy?

TGT

2 minute read

Why Is Property Casualty Insurance Provider Travelers Companies Stock Trading Higher Today?

By Vandana Singh

January 19, 12:19 PM

Travelers Companies' strong Q4 2023 earnings report, beating expectations with a 6% surge in shares. New York-based insurer achieved record highs in net income, written premiums, and more, positioning itself confidently for 2024.

TRV

2 minute read

Regions Financial Charts Resilience In Q4 FY23: Beats Estimates, CEO Emphasizes Protective Hedging For Solid Performance

By Lekha Gupta

January 19, 12:10 PM

Regions Financial navigates challenges with adjusted revenue at $1.812 billion, surpassing estimates. CEO John Turner emphasizes protective hedging strategies, reporting a 10.2% common equity Tier 1 ratio and a solid foundation for 2024 despite economic uncertainties.

2 minute read

Golden Cross Emerges For Morgan Stanley Stock On Q4 Earnings Beat Despite Analyst Downgrades

By Surbhi Jain

January 19, 11:31 AM

Morgan Stanley beat on EPS & revenue for Q4, with bullish sentiments reflected in a Golden Cross on technical charts. Analysts maintain ratings.

2 minute read

Fifth Third Bancorp Beats Q4 Estimates: Provision For Credit Losses Down 69%, 19 Branches Opened & More

By Lekha Gupta

January 19, 10:38 AM

Fifth Third Bancorp (FITB) outshines expectations in Q4 FY23, reporting $2.167B in sales and a 28% Y/Y surge in interest income. CEO Tim Spence emphasizes strong deposit growth, opening 19 branches, and achieving a notable 10.29% CET1 capital ratio, positioning FITB for continued strategic expansion.

FITB