Large Cap Archives - Page 52 of 437

2 minute read

Eli Lilly Aims To Close Supply-Demand Gap For Zepbound/Mounjaro As It Acquires Manufacturing Facility From Nexus Pharma

April 22, 2:21 PM

Eli Lilly expands its global manufacturing network with FDA-approved facility acquisition in Pleasant Prairie, Wisconsin. Boosting production to meet growing demand for medicines, including GLP-1 drugs.

LLY

2 minute read

Stocks Set To Snap Worst Losing Streak In Nearly 2 Years, Gold Sinks, Bitcoin Reclaims $66,000: What’s Driving Markets Monday?

By Piero Cingari

April 22, 2:16 PM

U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022.

BTC

2 minute read

Microsoft ‘In Unique Position To Scale Gen-AI Revenue,’ Goldman Sachs Says Ahead Of Q3 Earnings

By Piero Cingari

April 22, 1:40 PM

Microsoft Corp. (NYSE: MSFT) will report its fiscal Q3 2024 earnings, with analysts expecting $2.83 EPS and $60.769B revenue. Goldman Sachs has a $450 price target and calls Microsoft one of the most compelling investment opportunities in the tech industry.

MSFT

3 minute read

Regional Banks Surge: Earnings Propel Rebound From Key Support Level At 200-Day Average

By Piero Cingari

April 22, 12:10 PM

Regional bank stocks (i.e., Metropolitan Bank) represented by SPDR S&P Regional Banking ETF, have rebounded after hitting 200-day moving average.

HBAN

2 minute read

Truist Financial Reports Mixed Q1 Earnings, Expects Further Decline In Annual Revenues

By Vandana Singh

April 22, 11:02 AM

Truist Financial reports Q1 earnings, beating EPS estimates at $0.90 but misses revenue projections at $4.87 billion. Net interest income declines. Loan and deposit averages drop.

TFC

2 minute read

Changing Frugal Eating Habits – How Novo Nordisk/Eli Lilly’s Weight Loss Drugs Reshaping Food Spending

By Vandana Singh

April 22, 9:21 AM

Discover how GLP-1 drugs reshape consumer spending in food industries. Novo Nordisk's Wegvoy and Eli Lilly's Zepbound gain traction, altering dining habits.

CAVA

2 minute read

Drug Distributing Giant Cardinal Health Will Not Renew OptumRx Distribution Pact, Stock Plunges

By Vandana Singh

April 22, 9:10 AM

Discover the latest updates on Cardinal Health's nonrenewal of OptumRx contracts. Explore its fiscal 2024 guidance and long-term targets amidst market shifts. Learn about its strategies to offset contract impact and drive growth.

CAH

1 minute read

Tracking Last Week’s Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?

By Lekha Gupta

April 21, 6:14 PM

Last week's top performers included United Airlines, Bentley Systems, Progressive Corp and Morgan Stanley.

BSY

3 minute read

Let’s Spill The Tea: Top Consumer Tech News You Should Know From Last Week

By Lekha Gupta

April 21, 11:01 AM

Google employees arrested for protesting contract with Israel, Elon Musk accepts challenge from Russian space agency, and more.

AAPL

2 minute read

Nasdaq 100 Notches Worst Day Since Late 2023, Worst Week Since Late 2022 As AI-Driven Chipmakers Tumble: Fed Can Take ‘The Rest Of The Year Off’

By Piero Cingari

April 19, 4:29 PM

The Nasdaq 100 index had its worst day since late October 2023, with a 2.1% drop and fourth consecutive week of declines. Tech stocks have been hit hard by mixed earnings, geopolitical risks, and Fed's reluctance for rate cuts.

ASML