Why Is Gilead Sciences Stock Trading Lower Today?
Gilead Sciences' global enrollment pause in magrolimab solid tumor studies. FDA issues partial clinical hold. Explore the impact on ongoing trials.
Slump In Housing Starts: ‘Extremely Noisy’ Numbers Indicate Demand For New Homes Dipping
The number of homebuilding projects started in January fell to the lowest level since August, with the Midwest seeing the biggest drop.
Why Nike Shares Are Sinking Today
Nike downgraded by Oppenheimer analyst, amid the company's plan to cut 1,600 jobs to save costs. The analyst expects top-line trends at the enterprise to remain sluggish and below algo in the next several quarters.
Dividend Spark & Long-Term Glow: PPL Outshines Q4 Estimates
PPL Corp reported strong Q4 revenue growth of $2.03B, driven by $390M operating income increase. Adjusted EPS of $0.40 beat consensus. Dividend increased by 7.3% and company expects 6-8% growth through 2027.
Exxon’s Lithium Experiment Could Be Winner For Oil Company, State Of Arkansas
Exxon Mobil closed a successful year with $36 billion in earnings and plans to produce lithium for 1M EVs/year by 2030 through Mobil Lithium.
Why Construction Materials Provider Vulcan Shares Are Surging Today
Vulcan Materials reported fourth-quarter FY23 results, with revenue in line with consensus and gross profit increasing in both segments. Adjusted EPS beat expectations and the company expects continued earnings growth and strong cash generation in 2024.
TC Energy Heats Up: Q4 Sizzles, Dividend Boosted
TC Energy Corp beat Q4 estimates with EPS of $0.99 and sales of $3.11B. It raised its dividend and expects growth in 2024.
Magnificent 7 Stocks Trigger Concerns Of Market Overheat: Bubble Trouble?
Bank of America's Michael Hartnett's insights reveal common catalysts for market bubbles, including tech innovation and central bank easing. Historic parallels to current Magnificent Seven stocks show potential for future burst, with rising Treasury yields as a harbinger.
What’s Going On Wells Fargo Shares Today?
Wells Fargo stated termination of 2016 consent order for sales misconduct. CEO says progress being made with six orders terminated since 2019.
Why Digital Realty Trust Shares Are Sliding Today
Digital Realty Trust reported Street-missing Q4 results and gave lower than expected guidance for FY24. Digital Realty had approximately $17.4 billion of total debt outstanding as of December 31, 2023.