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 ...

Core Insights - Netflix has no plans to increase leverage for stock buybacks or to issue dividends, focusing instead on profitable growth through reinvestment in the business [1][2] - The company reported a share repurchase of $1.7 billion in the third quarter, with over $3 billion remaining in authorized buybacks [1] - Wall Street anticipates Netflix's full-year free cash flow to exceed $10 billion by 2026, indicating strong future cash generation potential [1][2] Financial Strategy - CFO Spencer Neuman emphasized that there will be no changes to Netflix's capital allocation policy, despite the potential for significant future free cash flow [2] - The company aims to maintain ample liquidity while prioritizing reinvestment over shareholder returns [1][2] Market Context - Netflix's stock saw an increase of over 10% following the third-quarter earnings report [2] - Other major tech companies, such as Microsoft, Apple, Meta, Nvidia, and Alphabet, have a history of issuing dividends, contrasting Netflix's current strategy [2]

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 ...

Key TakeawaysIntel is reportedly seeking investors to take a minority stake in its Altera programmable chipmaking division.CNBC said Intel is seeking a valuation of about $17 billion for Altera stake.Intel bought Altera in 2015. It launched it as a standalone company in February with plans to eventually seek an IPO. Intel (INTC) shares rose Friday, lifted by indications that it is looking for a big outside investment in its Altera programmable chipmaking unit. CNBC late Thursday reported that the company is ...

Key Takeaways Procter & Gamble reported lower sales and net income than analysts expected for the first quarter of fiscal 2025. After accounting for the one-time cost of a restructuring effort in the company's operations in Argentina, P&G's adjusted profit beat estimates. The consumer products giant also affirmed its full-year financial projections. Procter & Gamble (PG) missed sales and net income estimates in its fiscal 2025 first-quarter earnings report Friday morning, but its adjusted profit beat expect ...

Key TakeawaysShares of CVS Health fell sharply Friday morning following the announcement that it is replacing CEO Karen Lynch.Company veteran David Joyner is taking over the top job effective immediately, CVS announced Friday.The pharmacy and healthcare company also gave lower-than-expected profit projections for the third quarter. CVS is scheduled to report earnings next month. CVS Health (CVS) stock tumbled 10% Friday morning after the pharmacy and healthcare giant announced the replacement of Chief Execu ...