KEY TAKEAWAYSQualcomm shares are falling in premarket trading Wednesday following a report that Arm Holdings is canceling a license that allows the British chip designer’s intellectual property in the U.S. company’s chips.Bloomberg reported that Arm has given Qualcomm a 60-day notice that would trigger the end of their “architectural license agreement."Qualcomm’s processors are in most Android smartphones, the report said, and a cancellation of the license could put $39 billion of its revenue at risk.J.P. M ...

Key TakeawaysStarbucks shares dropped in premarket trading on Wednesday after the global coffee chain suspended its 2025 outlook and reported disappointing preliminary quarterly results, as new CEO Brian Niccol starts implementing a turnaround strategy.Buyers have defended the lower trendline of a symmetrical triangle and the 50-day moving average, though the stock sits poised to break down below the pattern.Investors should monitor key support areas on Starbucks' chart around $90 and $83, while watching ov ...

Boeing (BA) reported third-quarter results below analysts' estimates Wednesday as the company awaits the result of a machinists union vote on its latest contract proposal, which could end a five-week strike that halted production and led the company to cut costs. The troubled plane manufacturer posted a net loss of $6.17 billion, or $9.97 per share, larger than the consensus loss of $5.49 billion, or $8.89 per share, projected by analysts polled by Visible Alpha. Boeing generated $17.84 billion in revenue, ...

Core Insights - Coca-Cola reported a decline in unit case volumes, which offset better-than-expected adjusted profit and sales figures [1] - The company experienced a 2% year-over-year decline in concentrate shipments due to shipment timing [1] - Price/mix increased by 10%, driven by regions with high inflation [1] Group 1: Financial Performance - Third-quarter unit case volumes decreased by 1% year-over-year, primarily due to a 2% decline in concentrate sales [1] - Adjusted earnings per share (EPS) were reported at $0.77, while revenue fell by 0.8% to $11.85 billion, exceeding analyst expectations of $0.75 EPS and $11.65 billion in revenue [1] - Price/mix growth of 10% included approximately 4 percentage points from markets experiencing intense inflation [1] Group 2: CEO Insights and Future Outlook - CEO James Quincey expressed optimism about the company's performance in 2024, highlighting the ability to manage near-term challenges while focusing on long-term growth [2] - Coca-Cola revised its full-year organic revenue growth forecast to 10%, up from a previous outlook of 9% to 10% [2] - Despite a 2% drop in shares on the reporting day, Coca-Cola's stock is up approximately 15% in 2024 [2]

Key TakeawaysShares in McDonald’s slumped 6% in extended trading on Tuesday after health authorities said they were investigating an E. coli outbreak possibly linked to the fast-food chain’s Quarter Pounder burgers.The projected news-driven drop may lead to a retest of a prior 16-month trading range before the stock potentially continues its longer-term uptrend.investors should watch important retracement levels on the McDonald's chart around $300, $280, and $260.The measuring principle, which calculates th ...

New TakeawaysStarbucks shares dropped in extended trading Tuesday after the company withdrew its outlook for 2025.The company's preliminary fourth-quarter results also missed expectations.CFO Rachel Ruggeri said turning around the business will "take time." Starbucks (SBUX) shares dropped in extended trading Tuesday after the company suspended its outlook for 2025. The coffee chain's preliminary fourth-quarter results also missed expectations. Starbucks said it would not offer guidance for the 2025 fiscal y ...

Key TakeawaysThe S&P 500 slipped by less than 0.1% on Tuesday, Oct. 22, as the markets digested a mixed bag of corporate earnings reports.Weakness in international markets weighed on the results of auto parts distributor Genuine Parts, and its shares plummeted.Philip Morris shares surged after the tobacco giant beat quarterly estimates, boosted by demand for its smoke-free products. Major U.S. equities were mixed and little changed on Tuesday as investors reacted to an array of earnings reports and increasi ...

Core Insights - 3M reported better-than-expected third-quarter earnings, with earnings from continuing operations at $1.98 per share and revenue rising 0.4% to $6.29 billion, both exceeding estimates [1][2] - However, sales declined in two of its three divisions, specifically in the Transportation and Electronics and Consumer segments, due to decreased global demand for vehicles and reduced consumer spending [1][2] Revenue Breakdown - Sales in the Transportation and Electronics unit fell 1.5% to $2.14 billion, primarily impacted by a decline in automobile demand, particularly in Europe [2] - The Consumer segment experienced a 1.2% drop in sales to $1.3 billion, attributed to softness in discretionary consumer spending [2] - Conversely, the Safety and Industrial division saw a 0.5% increase in sales to $2.77 billion, driven by higher demand for industrial adhesives and tapes [2] Future Outlook - The company revised its full-year earnings per share (EPS) guidance to a range of $7.20 to $7.30, up from the previous estimate of $7 to $7.30 [2] - 3M anticipates revenue growth of approximately 1%, an improvement from the earlier forecast of a decline of 0.25% to an increase of 1.75% [2] Stock Performance - Despite a 1% drop in share price to $132.76 on the reporting day, 3M shares have increased by about 46% year-to-date in 2024 [2]

Key TakeawaysPhilip Morris International shares climbed to a record high Tuesday after the tobacco giant reported better-than-expected quarterly results.Shipments of the company's nicotine pouches and heated tobacco devices surged, while cigarette shipments rose slightly.Philip Morris also raised its full-year earnings outlook. Philip Morris International (PM) shares climbed to an all-time high Tuesday after the tobacco giant posted better-than-expected results and raised its outlook on soaring demand for i ...

 Analysts' Estimates for Q3 2024 Q2 2024 Q3 2023Revenue $21.96 billion $21.82 billion $21.06 billionEarnings Per Share $1.59 $1.65 $1.31Net Income  $1.36 billion $1.41 billion $1.13 billion Key Metric: Shipping Volume Three months ago, UPS reported growing shipping volume for the first time in nine quarters. Chief Executive Officer (CEO) Carol Tomé said the second quarter was "a significant turning point," and that "going forward we expect to return to operating profit growth." However, analysts at Barcl ...