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Costco shares slip on 2Q revenue miss
Proactive Investors· 2024-03-08 13:59
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Novo Nordisk shares overhyped? One investment bank certainly thinks they are overvalued
Proactive Investors· 2024-03-08 08:52
Novo Nordisk (NYSE:NVO)'s shares are significantly overvalued, based on analysis shared by the American bank Jefferies in a note to clients. It said that, as ever, Novo delivered its 'usual polished performance' at its capital markets day earlier this week, but added "we struggle to justify the stock uptick". Year-to-date, the shares are up by a third, while the past five years have seen the company's valuation grow by more than 400% on the back of the success of its diabetes-turned-weight loss drugs. Today ...
Boeing facing renewed pressure as wheel now falls off flight
Proactive Investors· 2024-03-08 08:12
Boeing Co (NYSE:BA, ETR:BCO) is under the regulatory spotlight once again after a Japan-bound United Airlines 777 was forced to divert on Thursday, having lost a tire after taking off in San Francisco. Flight UAL35 safely landed at Los Angeles following the incident, having been due to head to Kansai International Airport near Osaka, Japan. America’s Federal Aviation Authority has since confirmed it has launched an investigation, with Boeing already facing heavy scrutiny after a door panel fell from one of ...
Can the tech rally keep going? 'YES' says broker
Proactive Investors· 2024-03-07 19:29
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Goldman Sachs predicts $1 trillion in share buybacks in 2025
Proactive Investors· 2024-03-07 16:06
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) forecasts that US share buybacks will surpass $1 trillion for the first time in 2025. The Wall Street institution said this remarkable number is influenced by robust earnings growth from technology companies and more relaxed financial conditions anticipated from pending Federal Reserve interest rate cuts. Goldmans predicts a 16% increase in share repurchases among S&P 500 companies, reaching $1.08 trillion in 2025, following a 13% rise to $925 billion in the curren ...
Kroger climbs to two-year high after earnings beat
Proactive Investors· 2024-03-07 14:19
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Novo Nordisk obesity pill results send shares to record high
Proactive Investors· 2024-03-07 13:44
Novo Nordisk (NYSE:NVO) unveiled a potential game changer during its Capital Markets Day with data on experimental obesity pill amycredtin potentially outperforming its blockbuster drug Wegovy. An early-stage test conducted over 12 weeks showed patients taking the pill lost 13% of their weight. Though trials are still in their early stages, Novo Nordisk (NYSE:NVO) hopes it can add another killer app to its portfolio of weight-loss drugs. The successes of Wegovy and Novo Nordisk’s other injection-based obesi ...
Apple faces EU scrutiny after expulsion of Fortnite developer Epic Games from EU App Store
Proactive Investors· 2024-03-07 13:11
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Chevron and Exxon row over future of giant Guyana asset
Proactive Investors· 2024-03-07 12:40
A row over Exxon's (NYSE:XOM, ETR:XONA) giant oil discoveries offshore Guyana threatens to scupper Chevron's (NYSE:CVX, ETR:CHV) takeover of Hess Corp (NYSE:HES), according to new reports. Hess is the minority partner in the Exxon-operated Stabroek block, holding 30% of the ‘project’ which spans an equivalent size to 1,150 blocks in the Gulf of Mexico and currently yields around 600,000 barrels of oil production per day. Exxon meanwhile leads with a 45% stake in the venture that is targeting some 1.2 millio ...
Target targets upped by Bank of America
Proactive Investors· 2024-03-06 18:12
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...