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Exxon Mobil and Chevron defy market challenges with strong 2023 earnings
Proactive Investors· 2024-02-02 16:36
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Bristol Meyers Squibb, AbbVie top 4Q sales and profit estimates
Proactive Investors· 2024-02-02 16:32
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, ...
Zuckerberg overtakes Gates as Meta value soars by more than US$200bn
Proactive Investors· 2024-02-02 16:06
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB). added more than US$200bn to its value as investors rushed to buy the Facebook owner following its stellar numbers overnight. In several landmarks, Meta’s value soared comfortably past US$1trn, it surpassed Nvidia as the best-performing tech stock in 2024 and boss Mark Zuckerburg overtook Microsoft’s Bill Gates on the global rich list. Underlying why investors love tech stocks, last night Meta announced its first-ever dividend payment as it demolished Wall ...
Intel delays $20B chip facility project in Ohio
Proactive Investors· 2024-02-02 15:08
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Barclays takes leap of faith in Zegona's Vodafone Spain takeover
Proactive Investors· 2024-02-02 14:12
There is a “clear opportunity for value creation” in Zegona Communications (LSE:ZEG)' acquisition of Vodafone Spain, reckon equities analysts at Barclays PLC (LSE:BARC). However, the ambitious, highly leveraged €5 billion deal, which was signed off by the European Commission this week, is not without its challenges. Yes, Vodafone Spain has a 17% grip on service revenues and significant shares in broadband and consumer mobile postpaid sectors, but its market influence has waned over the years. New entrants a ...
Nasdaq to leap as Meta and Amazon fly ahead of jobs report
Proactive Investors· 2024-02-02 12:06
About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye.  A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...
Apple results: China and iPhone sales cast shadow over Cupertino
Proactive Investors· 2024-02-02 08:33
Cupertino megacap Apple Inc (NASDAQ:AAPL, ETR:APC), the newly instated second-largest company in the world after losing the top spot to Microsoft, highlighted the good and the bad in its first-quarter results for the three months ending December 30, 2023. Devices revenues were definitely the weak link. In a quarter starting a few days after the launch of the iPhone 15, iPhone sales increased 7% year on year, with Mac sales inching 1% higher. These comparatives were particularly underwhelming considering the ...
Meta Platforms: That dividend announcement and what it actually means
Proactive Investors· 2024-02-02 08:26
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has essentially just fulfilled the definition of a company that has gone ex-growth – and it has beat this path to maturity in less than two decades. After hours the Facebook owner said it would pay its first ever dividend, which in Silicon Valley terms is the equivalent of running up the white flag of surrender. It means boss and founder Mark Zuckerberg is unable to deploy its free cash in more productive ways fund growth – both internally, or by acquisitio ...
Amazon heading for 2-year high as earnings exceed estimates
Proactive Investors· 2024-02-02 07:31
Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) was set to return to share price levels last seen two years ago after reporting robust fourth-quarter earnings on Thursday, outperforming analysts' expectations. The e-commerce giant reported earnings per share (EPS) of $1, up from $0.03 a year earlier and surpassing the average Wall Street estimate of $0.78. Quarterly net revenue mushroomed 14% year-on-year to reach $170 billion, outpacing the $166.3 billion consensus forecast and the $167 billion top end of guidance,  ...
Amazon 4Q Earnings exceed estimates, propelling stock higher
Proactive Investors· 2024-02-01 21:38
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...