Large Cap Archives - Page 61 of 437

2 minute read

Producer Inflation Shows Mixed Signals In March, Keeps Risks Of High-For-Longer Interest Rates Alive

April 11, 8:42 AM

Inflation in US surges beyond expectations, causing market concerns about potential interest rate cuts. PPI increases to highest level in a year.

GLD

2 minute read

Why Industrial And Construction Supplies Distributor Fastenal’s Shares Are Down Today

By Lekha Gupta

April 11, 8:41 AM

Fastenal reported 1.9% Y/Y sales growth, missing consensus. Gross margin and EPS declined. Dividend declared. Onsite locations and MEUs grew.

FAST

1 minute read

STMicroelectronics Flips the Switch on Sustainability With Another Renewable Energy Agreement In Italy

By Lekha Gupta

April 11, 6:41 AM

STMicroelectronics signs 10-year PPA with Centrica for renewable energy supply in Italy starting Jan 2025, aims for carbon neutrality by 2027.

CLIA

1 minute read

Cenovus Energy Pumps $1.5B Into Ohio Refineries: Report

By Lekha Gupta

April 11, 6:25 AM

Cenovus Energy Inc. to invest $1.5B in Ohio refineries & add 115 jobs. Partnership praised by local officials. Reserves at 5.9B BOE.

CVE

2 minute read

Vaccine Player Vaxcyte Has Advantage Over Pfizer, Merck’s Pneumococcal Shots – Analyst Says

By Vandana Singh

April 10, 2:42 PM

The global PCV market, valued at ~$8 billion annually, is poised for significant growth, estimated to reach ~$12 billion soon. Market dynamics are shifting towards adults, potentially doubling with the US discussing vaccination age reduction. Prevnar20 dominates with 97% market share in adults, but Vaxcyte's advanced conjugate capabilities present a competitive advantage.

MRK

1 minute read

Boeing Faces Delivery Downturn, But Analyst Sees Bright Spots In Orders

By Lekha Gupta

April 10, 2:10 PM

Stifel analyst lowered Boeing price target to $260 from $270 and maintained Buy rating. Lower deliveries reported.

1 minute read

Insurance Data Spooks Analyst Amid Industry Jitters, Arthur J. Gallagher Loses Favor

By Lekha Gupta

April 10, 2:04 PM

Truist Securities downgraded Arthur J. Gallagher & Co. to Hold and lowered price target to $255 due to negative industry data and slowing growth.

AJG

2 minute read

Stocks Sink On Worrisome Inflation Data, Yields Spike On Rate Cut Delays, Dollar Rallies: What’s Driving Markets Wednesday?

By Piero Cingari

April 10, 1:12 PM

An inflation surprise greeted investors on Wednesday, sparking significant apprehension about the future of interest rates.

AMT

2 minute read

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

By Piero Cingari

April 10, 1:11 PM

Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.

DEI

1 minute read

Lloyds Banking Plans To Cut Job In Risk Management Division: Report

By Lekha Gupta

April 10, 10:11 AM

Lloyds Banking Group reportedly plans to restructure risk management division, resulting in 175 job cuts. Meanwhile, the company is reportedly creating more than 100 new roles requiring more technical expertise.

APIE