Large Cap Archives - Page 99 of 437

2 minute read

Why Oil Giant Shell Shares Are Higher Premarket Today

February 1, 7:24 AM

Shell reported Q4 FY23 results with revenue of $78.73B, missing expectations. Adjusted earnings per ADS were $2.22, above consensus. Share buyback and dividend increase announced. FY24 outlook includes cash capital expenditure of $22B-$25B.

SHEL

2 minute read

Tech Layoffs Up Over 300% Month-Over-Month In January: 3 Companies With The Most Employees Laid Off So Far In 2024

By Surbhi Jain

January 31, 3:40 PM

Tech layoffs are increasing in 2024, with 305% more employees laid off in January compared to December 2023. Some notable companies with layoffs include Google, PayPal, and Microsoft.

CRM

1 minute read

Drug Wholesale Firm Cencora Starts 2024 With Strong Growth, Lifts Annual Forecast On Commercial COVID-19 Vaccine Distribution

By Vandana Singh

January 31, 2:42 PM

Cencora reports Q1 2024 results with adjusted EPS at $3.28 and revenue of $72.3 billion. Explore the company's fiscal year 2024 guidance and growth projections.

COR

2 minute read

Old Dominion Hits A Yellow Light: Earnings Glow, Dividend Boost But Top Line Struggles

By Lekha Gupta

January 31, 2:20 PM

ODFL shares down after reporting Q4 FY23 results, with revenue slightly below consensus and operating income down. Dividend raised by 30%.

ODFL

2 minute read

US Steel Q4 Earnings Preview: All Eyes On Nippon’s $14.1 Billion Deal

By Surbhi Jain

January 31, 2:16 PM

U.S. Steel stock is up about 70% over the past year. Despite sound financials, it's considered a speculative bet as investors prefer Nucor.

NISTF

2 minute read

Oil’s Comeback: Middle East Turmoil Pumps Life Into 2024 Markets

By Neil Dennis

January 31, 1:51 PM

Oil prices rise in response to Middle East tensions and risks of conflict. US crude up 8% in 2024, Brent up 6%, US Oil Fund up 9.2%.

COP

2 minute read

Nasdaq, S&P 500 Slip Ahead Of Fed Meeting, Regional Banks Sink After NYCB Disappoints: What’s Driving Markets Wednesday?

By Piero Cingari

January 31, 1:45 PM

Nasdaq down 1.4%, S&P 500 down 0.9%, Dow up: Volatile day on Wall Street as tech stocks react to disappointing earnings ahead of Fed meeting.

ADP

1 minute read

Beyond Oil: TotalEnergies Doubles Down On Renewables, Gas

By Lekha Gupta

January 31, 1:29 PM

TotalEnergies SE to acquire OMV's 50% stake in SapuraOMV for $903 million. Deal includes transfer of $350 million loan from OMV.

OMVKY

2 minute read

‘Magnificent 7’ Tumble As $300B Vanish On Bleak AI Earnings: Could The Fed Make Things Worse?

By Piero Cingari

January 31, 1:10 PM

Tech giants lose $270 billion in market value as 'Magnificent Seven' stocks suffer from disappointing earnings reports and investor concerns over interest rate changes.

AAPL

2 minute read

Petroleum Refineries Major Phillips 66 Shares Are Up Today: Details

By Lekha Gupta

January 31, 12:51 PM

Phillips 66 reports strong Q4 results, beating expectations with EPS of $3.09 and revenue of $38.74B. Plans to sell assets and return $13-15B to shareholders by 2024.

PSX