Stocks

Advanced Micro Devices, Inc. (NASDAQ: AMD) Stock Position Adjusted by Brighton Jones LLC
October 24, 2024 10:48 PM AEDT| By Team Kalkine MediaHighlights,Stake Reduction: Brighton Jones LLC reduced its stake in Advanced Micro Devices (AMD) by over 41% during the third quarter, indicating a strategic adjustment in portfolio management.,Institutional Activity: A significant portion of AMD's s...

VCI Global Successfully Conducts Founder Group Limited’s IPO on Nasdaq, Earning US$5.2 Million
October 24, 2024 10:43 PM AEDT| By Team Kalkine MediaHighlights,Successful IPO: VCI Global Limited facilitated the successful IPO of Founder Group Limited on Nasdaq, raising significant capital and achieving a market capitalization exceeding $65 million.,Industry Leadership: Founder Group is recognized...

U.S. Bancorp Stock Rating Lowered by Deutsche Bank Amid Macro Risks
October 24, 2024 10:32 PM AEDT| By Team Kalkine MediaHighlights,Downgrade by Deutsche Bank: Deutsche Bank has downgraded U.S. Bancorp from Buy to Hold, maintaining a price target of $51.00.,Market Valuation Context: The downgrade reflects concerns about macroeconomic risks and the bank's relative valua...

Riverwater Partners LLC Expands Ownership in Haemonetics Co. (NYSE:HAE)
October 24, 2024 10:27 PM AEDT| By Team Kalkine MediaHighlights,Significant Increase in Holdings: Riverwater Partners LLC raised its stake in Haemonetics Co. by 185% in Q3 2024, acquiring over 29,000 additional shares.,Institutional Activity: Other institutional investors also adjusted their positions,...

KKR Achieves Impressive Quarterly Profit Growth on Record Fee Income
October 24, 2024 10:19 PM AEDT| By Team Kalkine MediaHighlights,Significant Earnings Growth: KKR & Co reported a 58% increase in adjusted net income for Q3 2024, reaching $1.2 billion, exceeding analyst expectations.,Record Fee-Related Income: The firm achieved its highest-ever fee-related earnings of...

Shares of The TJX Companies, Inc. Increased by 24,794 Through Axecap Investments LLC
October 24, 2024 10:14 PM AEDT| By Team Kalkine MediaHighlights,Increased Institutional Interest: Axecap Investments LLC acquired nearly 25,000 shares of The TJX Companies, marking a significant addition to its investment portfolio.,Positive Analyst Ratings: Multiple equity analysts upgraded their rati...

Nabors Industries Highlights Robust Performance During Q3 2024 Call
October 24, 2024 10:07 PM AEDT| By Team Kalkine MediaHighlights,Strong Financial Performance,: Nabors Industries reported an adjusted EBITDA of $222 million for Q3 2024, with stable daily margins above $15,000 in the U.S. Lower 48.,Strategic Acquisition,: The acquisition of Parker Wellbore is anticipat...

Obsidian Energy Ltd. Identified Among Ten Oversold Canadian Stocks
October 24, 2024 10:03 PM AEDT| By Team Kalkine MediaHighlights,Economic Growth Outlook,: S&P Global anticipates Canada’s GDP growth of 1.2% in 2024, increasing to 2.0% in 2025, driven primarily by fixed investments.,Bank of Canada Monetary Policy,: The Bank of Canada is likely to lower interest rates...

Intel Corporation Shareholding Reduced by Greenleaf Trust
October 24, 2024 09:58 PM AEDT| By Team Kalkine MediaHighlights,Institutional Stake Adjustment,: Greenleaf Trust reduced its stake in Intel Corporation (NASDAQ: INTC) by 41.3% in the third quarter.,Stock Performance Overview,: Intel shares recently opened at $21.98, with a market capitalization of $93....

Strong Financial Performance Noted for Manhattan Associates, Inc
October 24, 2024 09:52 PM AEDT| By Team Kalkine MediaHighlights,Recent Stock Decline,: Manhattan Associates (NASDAQ: MANH) has experienced an 11% decline in share price over the past week.,High Return on Equity (ROE),: The company boasts a return on equity of 79%, significantly above the industry avera...

US crude inventories increase by 5.5 million barrels, exceeding analysts’ expectations
October 24, 2024 09:48 PM AEDT| By InvezzCrude oil inventories in the US rose by 5.5 million barrels in the week that ended Friday, comfortably beating the expectations of analysts, according to the Energy Information Administration (EIA). Analysts had expected inventories in the US to rise...

PepsiCo, Inc. Shares Acquired by International Assets Investment Management LLC
October 24, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights,Significant Stake Increase,: International Assets Investment Management LLC significantly increased its position in PepsiCo by over 17,000% in the third quarter, holding more than 3.2 million shares.,Institutional Ownership,: Institutional...

Tesla Stock Surges Following Strong Earnings and Optimistic FY24 Volume Growth Projections
October 24, 2024 09:42 PM AEDT| By Team Kalkine MediaHighlights,Strong Q3 Performance,: Tesla Inc. reported higher-than-expected profits in the third quarter, driven by increased vehicle deliveries and volume growth.,Future Projections,: The company anticipates slight growth in vehicle deliveries for f...

Upwork (NASDAQ: UPWK) Announces Organizational Changes and Strong Preliminary Q3 2024 Results
October 24, 2024 06:26 PM AEDT| By Team Kalkine MediaHighlights:,Revenue for Q3 2024 exceeded guidance at $194 million.,Achieved a record-high adjusted EBITDA margin of 22%.,Implementing a workforce reduction expected to save $60 million annually.,Upwork (NASDAQ: UPWK) has reported preliminary results...

Newmont (NYSE: NEM) Reports Q3 2024 Results with Significant Cash Flow
October 24, 2024 06:24 PM AEDT| By Team Kalkine MediaHighlights:,Generated $760 million in free cash flow, demonstrating operational strength.,Produced 1.7 million attributable gold ounces and achieved $1.6 billion in operating cash flow.,Announced asset sales expected to yield $1.5 billion in combined...

AST SpaceMobile (NASDAQ: ASTS) Chosen for SDA's HALO Program
October 24, 2024 06:22 PM AEDT| By Team Kalkine MediaHighlights:,Selected as prime contractor for the Space Development Agency's HALO program.,Expanding into the government contracts market with innovative technology.,Over 3,450 patents backing technology offers potential for new revenue streams.,AST S...

Tesla (TSLA) Posts Impressive Q3 2024 Financial Results
October 24, 2024 06:19 PM AEDT| By Team Kalkine MediaHighlights:,Revenue surged 8% YoY to reach $25.2 billion.,GAAP operating income hit $2.7 billion, with a 10.8% operating margin.,Record low cost of goods sold per vehicle at $35,100.,Tesla (TSLA) has reported robust financial results for Q3 2024, dem...

Amazon (NASDAQ:AMZN) Unveils Fuel Savings Benefit for Prime Members
October 24, 2024 06:17 PM AEDT| By Team Kalkine MediaHighlights:,New fuel savings benefit of $0.10 per gallon at 7,000 locations.,Potential average savings of nearly $70 per year for Prime members.,Planned expansion into EV charging savings with bp pulse in 2025.,In a move designed to enhance the value...

U.S. Penny Stocks with Market Caps Below $900 Million Highlighted
October 24, 2024 11:55 AM AEDT| By Team Kalkine MediaHighlights,Mixed Market Performance,: As of October 22, 2024, the U.S. stock market displayed mixed results, with the Nasdaq Composite rising for the fifth consecutive session while other indices experienced slight declines.,Penny Stocks Relevance,:...

Is Ameriprise Benefiting From Market Trends?
October 24, 2024 09:45 AM AEDT| By Team Kalkine MediaHighlights,Ameriprise Financial reports a rise in third-quarter profit driven by increased fee income.,Assets under management and administration showed significant growth year-over-year.,The firm attributes gains to client net inflows and market app...