AUS
NZ
UK
CA
USA
IND
Stocks
Coca-Cola to fully acquire sports drink brand BodyArmor for US$5.6 bn
November 01, 2021 09:48 AM PDT| By Sanjeeb BaruahHighlights Monday's announcement marks a major shift from its strategy to discontinue energy drinks and focus on sodas last year. Coca-Cola said BodyArmor currently has a 50% growth rate, with US$1.4 billion in annual retail sales. The bever.....
Loews Corp (L), Franklin’s (BEN) quarterly profits surge
November 01, 2021 09:45 AM PDT| By Ipsita SarkarHighlights Loews Corporation (NYSE: L) reported a net income of US$220 million in Q3, FY21. Franklin Resources, Inc’s (NYSE: BEN) operating revenue rose 28% YoY in Q4, FY21. For full fiscal 2021, Franklin’s operating revenue rose b.....
Five logistics stocks to watch as retailers build up holiday inventory
October 30, 2021 12:56 AM PDT| By Team Kalkine MediaFreight and logistics stocks are in focus due to a severe global supply shortage intensified by the Covid-19 pandemic. The deficit has pushed commodity prices higher and disrupted production. Some retailers were worried if the orders would reach o.....
Seven HR stocks to explore amid tight labor market
October 29, 2021 01:56 PM PDT| By Ipsita SarkarHighlights Insperity, Inc. (NYSE: NSP) has a dividend yield of 1.46%. Its stock rose 51.54% YTD. Automatic Data Processing, Inc. (NASDAQ: ADP) has a dividend yield of 1.68%. The stock grew by 27.35% YTD. Equifax, Inc. (NYSE: EFX) stock generat.....
Apple (AAPL) stock falls 2% day after Q4 results
October 29, 2021 01:10 PM PDT| By Team Kalkine MediaHighlights Its total net sales, including products and services, rose to US$83.36 billion in the quarter from US$64.69 billion in the year-ago period. Presenting the results on Thursday, CEO Tim Cook said Apple launched its “most powerfu.....
Colgate-Palmolive’s (CL) net income declines but revenue up
October 29, 2021 11:29 AM PDT| By Sanjeeb BaruahHighlights Colgate-Palmolive Company (NYSE: CL) net and organic sales grew by 6.5% and 4.5%, respectively, in the third quarter of 2021. The company’s net income was US$634 million compared to US$698 million a year ago. The company.....
Trick-or-Treating: Here’re five Halloween stocks to explore
October 29, 2021 11:24 AM PDT| By Ipsita SarkarHighlights Mondelez International, Inc’s (NASDAQ: MDLZ) revenue rose 12% YoY in Q2, FY21. Gap, Inc’s (NYSE: GPS) net sales surged 29% YoY in Q2, FY21. The Hershey Company’s (NYSE: HSY) net sales grew over 6% YoY in Q3, FY21. .....
AbbVie (ABBV) raises full-year guidance after Q3 revenue boost
October 29, 2021 10:09 AM PDT| By Ipsita SarkarHighlights AbbVie Inc. (NYSE: ABBV) posted third-quarter revenue of US$14.342 billion, up 11.2% YoY. It raised the GAAP diluted EPS guidance to around US$6.29 to US$6.33 per share. ABBV also announced a dividend increase of 8.5% or US$1.41 pe.....
Exxon (XOM), Chevron (CVX) profits soar on strong demand
October 29, 2021 10:05 AM PDT| By Ipsita SarkarHighlights Exxon Mobil (NYSE: XOM) net earnings were US$6.8 billion in Q3 2021 against a net loss of US$680 million a year ago. Exxon produced 3.7 million barrels per day of oil equivalents in the quarter. Chevron Corp (NYSE: CVX) posted reven.....
Are these 7 digital payment stocks primed for online shopping boom?
October 28, 2021 05:41 PM PDT| By Sanjeeb BaruahFintech companies offer products and services like digital payment processing, digital banking, financial software, and customer questions. The sector saw robust growth during the pandemic as these companies eliminated the need for physically .....
Amazon.com, Inc.’s (AMZN) net income falls, sales jump 15% in Q3
October 28, 2021 03:53 PM PDT| By Sanjeeb BaruahHighlights Amazon’s net sales increased by 15% to US$110.8 billion in the quarter from US$96.1 billion a year ago. The Seattle, Washington-based company has spent billions of dollars to bolster its fulfillment network globally amid labor.....
Caterpillar (CAT), Illinois (ITW) report solid revenue growth in Q3
October 28, 2021 01:30 PM PDT| By Ipsita SarkarHighlights Caterpillar, Inc. (NYSE: CAT) revenue rose 25% YoY to US$12.4 billion in Q3. Illinois Tool Works Inc. (NYSE: ITW) net income up 10% YoY to US$639 million. Caterpillar profit per share grew 113% YoY, Illinois GAAP EPS was US$2.0.....
Yum! (YUM) beats profit estimates, Hershey (HSY) raises guidance
October 28, 2021 12:18 PM PDT| By Sanjeeb BaruahHighlights Yum! Brands’ (NYSE: YUM) system sales grew 8%, excluding foreign currency translation. CEO David Gibbs said the purchase of Dragontail and its AI-powered kitchen orders strengthened Yum! Brands’ digital capabilities and .....
Northrop (NOC) ekes out US$1.1 bn profit but misses revenue estimates
October 28, 2021 09:56 AM PDT| By Sanjeeb BaruahHighlights Northrop's third-quarter sales in its space unit jumped 22% to US$2.68 billion. The results prompted the defense contractor to raise its fiscal-year adjusted EPS. However, the Colorado-based company's total sales fell by 4% to US$8......
Merck (MRK), Sanofi (SNY) raise profit guidance after solid Q3 results
October 28, 2021 09:17 AM PDT| By Ipsita SarkarHighlights Merck & Company, Inc’s (MRK) sales rose 20% YoY in Q3, FY21. Merck expects its adjusted annual profit to be between US$5.65 per share and US$5.70 per share. Sanofi (SNY) sales surged 10.1% YoY in Q3, FY21. Stocks of M.....
Sony Corp (SONY) posts net income of US$1.94 bn in Q2
October 28, 2021 07:55 AM PDT| By Sanjeeb BaruahHighlights Sony Corp’s (NYSE: SONY) total revenue was US$21.52 billion in the quarter. The Tokyo-based company has increased its full-year operating revenue outlook by 6% to 1 trillion yen (US$8.81 billion) from its August forecast. CF.....
Travel stocks to watch as the US lifts restrictions
October 27, 2021 04:55 PM PDT| By Ipsita SarkarThe travel industry is upbeat after President Joe Biden lifted the previous covid restrictions on foreign travelers from nearly three dozen countries, including China and India, effective Nov 8. The travel companies were among the hardest hit in t.....
Hess Corp (HES) revenue jumps 54% as sales improve in Q3
October 27, 2021 04:07 PM PDT| By Ipsita SarkarHighlights Hess Corporation’s (NYSE: HES) third-quarter revenue increased by 54% YoY to US$1.81 billion. Its total oil and gas production was 265,000 barrels of oil equivalent per day, excluding Libya. The Hess stock gained 187% i.....
McDonald's (MCD) Q3 profits soar as global store sales grow
October 27, 2021 01:59 PM PDT| By Sanjeeb BaruahHighlights McDonald's consolidated revenue increased by 14% YoY to US$6.20 billion in the quarter. The net income jumped 22% YoY to US$2.15 billion from 1.76 billion in Q3, 2020. McDonald's US sales were up 9.6% YoY in the quarter, while glo.....
Bristol Myers (BMY), GlaxoSmithKline (GSK) post strong revenue growth
October 27, 2021 11:18 AM PDT| By Ipsita SarkarHighlights Bristol-Myers Squibb Company (NYSE: BMY) revenue surged 10% YoY to US$11.5 billion in Q3, FY21. BMY raised its low-end adjusted EPS guidance by US$0.05 for fiscal 2021. GlaxoSmithKline PLC (NYSE: GSK) sales surged 10% YoY in Q3, FY2.....
