Key Takeaways Boeing shares advanced Monday on word the plane maker and its machinists tentatively have agreed to a new contract, which could end the union's five-week strike. The proposal gives the union workers a 35% pay raise and $7,000 ratification bonus. The strike has crippled the company, which announced cost-cutting moves and took steps to raise cash as the walkout slashed production. Boeing (BA) shares advanced 3% Monday afternoon as the plane maker and its 33,000-member machinists union struck a t ...

Core Insights - VF Corporation's shares declined after being placed on JPMorgan's "Negative Catalyst Watch" list, indicating concerns about the company's financial outlook [1][2] - JPMorgan analysts reduced their fiscal 2025 earnings per share (EPS) estimate for VF Corporation to 65 cents, which is 35% lower than the Wall Street consensus [1] - The analysts cited an 8% year-over-year revenue decline, which is also worse than consensus forecasts [1] Group 1: Financial Performance - The EPS estimate cut reflects ongoing challenges, with a noted decline in revenue impacting the company's financial health [1][2] - VF Corporation's shares fell nearly 7% in intraday trading and have lost close to 3% of their value since the beginning of the year [2] Group 2: Market Challenges - There are "continued wholesale challenges" at The North Face, with retailers hesitant to take inventory risks due to warmer weather conditions affecting sales [2] - The analysts observed "ongoing traffic headwinds globally" across VF Corporation's brand portfolio, which is negatively impacting direct-to-consumer revenues [2] Group 3: Analyst Rating - JPMorgan maintained a "neutral" rating on VF Corporation's stock, setting a price target of $16, suggesting a potential downside of about 12% from the current intraday price of $18.25 [2]

Analyst Estimates for Q3 2024Q2 2024Q3 2023Revenue$18.22 billion$16.87 billion$18.10 billionEarnings Per Share (Loss)($8.24)($2.33)($2.70)Net Income (Loss)($5.08 billion)($1.44 billion)($1.64 billion) Key Metric: Preliminary Results The same day it announced the layoffs, Boeing also issued preliminary results for the third quarter. The company expects revenue of $17.8 billion, lower than analysts' expectations, and a loss per share of $9.97, wider than estimates, as it says results will be impacted by th ...

Key TakeawaysBoeing and the union representing its machinists reached a tentative deal to end a five-week long strike. The union said it plans to hold a vote on the new settlement Wednesday. Boeing faces massive losses from the strike, exacerbating its financial difficulties after burning through cash earlier in the year to address safety issues and investigations. Boeing (BA) and the union representing its machinists reached a tentative deal that could end the five-week long strike that has hobbled the air ...

Key TakeawaysThe S&P 500 added 0.4% on Friday, Oct. 18, wrapping up a week of trading that included an initial wave of quarterly earnings releases from major companies.Netflix shares surged after the streaming giant reported better-than-expected third-quarter sales, profits, and subscriber numbers.Shares of grain processors Bunge and Archer-Daniels-Midland lost ground after an analyst said low crop prices and weak farmer sentiment weighed on the agriculture industry. Major U.S. equities indexes moved higher ...

Earnings Performance - SLB reported a 10% year-over-year increase in Q3 revenue to $9.16 billion, missing consensus estimates by $100 million [1] - Earnings per share (EPS) came in at 83 cents, 4 cents below forecasts [1] - North American revenue rose 3% to $1.69 billion, constrained by lower drilling activity in U.S. land due to gas prices and capital discipline by operators [1] - International revenue surged 12% to $7.43 billion, driven by higher demand in the Middle East & Asia, while Latin American revenue declined by 3% [1] Impact of Commodity Prices - Lower commodity prices negatively affected SLB's quarterly results, leading customers to reduce activity and discretionary spending [1] - The decline in oil and natural gas prices also dragged down the S&P Energy Sector Index [1] - SLB shares fell approximately 4% to $42.25 on Friday, with a year-to-date decline of 19% [2] CEO Commentary on Market Conditions - CEO Olivier Le Peuch noted that commodity prices have been under pressure due to uncertainty around OPEC+ supply releases, weaker demand from China, and softer economic growth in the U.S. and Europe [2] - These factors resulted in a cautious approach by customers, impacting SLB's earnings [2] Industry Impact - SLB was not the only company affected by falling commodity prices, as the S&P Energy Sector Index also declined slightly [2]

Key TakeawaysNetflix shares surged to a record high Friday, a day after the streaming giant reported strong third-quarter earnings.Several analysts raised their price targets for the stock, citing Netflix's leadership in streaming, with JPMorgan analysts calling it a "top pick."Netflix said its content volume is picking up again after delays from the writers and actors strikes of 2023. Netflix (NFLX) shares surged to a record high Friday, a day after the streaming giant’s third-quarter earnings beat expecta ...

Key TakeawaysNetflix CFO Spencer Neuman said the company has "no plans to increase leverage to buy back stock or to issue a dividend."Neuman said Netflix is prioritizing "profitable growth by reinvesting in our business."Wall Street expects Netflix's full-year free cash flow to top $10 billion in 2026, according to Visible Alpha data. Sorry, dividend investors: You probably won’t be rushing to add Netflix (NFLX) to your portfolios. During the streaming giant’s third-quarter earnings call on Thursday, CFO Sp ...

Group 1 - The iPhone 16 is outperforming its predecessor in China by 20% three weeks post-launch [1] - Sales of the Pro and Pro Max models have increased by 44% during the current cycle [1] - The improved performance is attributed to smoother production compared to the iPhone 15 and reduced competition from Huawei [2] Group 2 - iPhone sales accounted for over half of Apple's total net sales of $383.29 billion last year [2] - Analysts predict Apple could sell over 240 million iPhones in fiscal 2025, with 100 million upgrades expected from Chinese users [2] - Apple shares reached an all-time high of $234.36, reflecting a gain of over 20% this year [3]

Key TakeawaysIntel shares could appear on watchlists today after CNBC reported late Thursday that the chipmaker is considering selling at least a minority stake in its Altera programmable chip unit.The stock broke above the neckline of a double bottom last month on above-average volume to confirm the pattern, but has since failed to find upside momentum.Investors should watch support levels on Intel's chart around $22 and $19, while keeping an eye on resistance areas near $25 and $30. Intel (INTC) shares co ...