Amgen Logs Higher Fourth-Quarter Revenue on Double-Digit Volume Boost
WSJ· 2026-02-03 21:58
Core Insights - The biotechnology company reported a quarterly profit of $1.33 billion, which is attributed to higher revenue and lower net unrealized losses on equity investments [1] Financial Performance - Quarterly profit stands at $1.33 billion [1] - Earnings boost is linked to increased revenue [1] - There was a reduction in net unrealized losses on equity investments [1]
AMD Forecast Disappoints as Investors Seek Bigger AI Payoff
Youtube· 2026-02-03 21:57
So it's interesting. I mean, again, you think about most of the measures here, the look back and the look forward above expectations. Then you have fourth quarter CapEx coming in a little bit, light, shares dropping right now down about 2%.Come on. What is your first read here. Yeah, I mean, this is a fabulous companies with the CapEx number is not really that important here.They don't they're not a big spender of CapEx. But having said that, I mean, look, the results overall for the print and the outlook l ...
Walmart Names New CEO as Retail Moves From Shelves to Software
PYMNTS.com· 2026-02-03 21:56
Core Insights - Walmart has become the world's newest trillion-dollar company and appointed John Furner as its new CEO, succeeding Doug McMillon [2][3] - Furner aims to accelerate Walmart's growth through a reorganization focused on "enterprise platforms," which include advertising, membership programs, data products, and the recently acquired smart TV company Vizio [3][4] Company Strategy - The leadership reorganization under Furner signals Walmart's commitment to diversifying profit streams through technology-led platforms while maintaining its core retail operations [4][6] - The focus on platform businesses allows Walmart to adapt quickly to changes in consumer behavior and market conditions, potentially leading to higher margins despite flat unit sales [4][5] Financial Performance - Walmart's membership program, Walmart+, has seen double-digit growth, reaching 28.4 million members, driven by faster delivery and the introduction of the OnePay credit card [9] - The evolution towards technology-led ecosystems is timely, as consumers face economic pressures and rising costs, making clarity in pricing and budgeting essential [10][13] Market Position - The shift towards a platform-centric approach may redefine mass retail, emphasizing data and software over traditional supply chains [5][8] - Walmart's strategy includes integrating technology deeply into its operations, which poses challenges in execution but is essential for competing in the modern retail landscape [6][7]
Walmart hits $1T market cap, PepsiCo CEO talks earnings beat and GLP-1 strategy
Youtube· 2026-02-03 21:54
Hello and welcome to Market Domination. I'm Josh Lipton live from our New York headquarters. Just now to go now until the closing bell on stocks, they are falling as investors digest the flood of earnings and there's a big rotation out of tech.But first, we're diving into the latest in Disney's long awaited succession plan. Disney making it official. Company naming Josh Dearo, its next CEO taking over for Bob Iger later this year.Tomorrow oversees the parks and cruises business which has been a key profit d ...
Metals Surge Again – February’s Weak History In Focus
Ulli... The ETF Bully· 2026-02-03 21:53
[Chart courtesy of MarketWatch.com][Chart courtesy of MarketWatch.com]Moving the marketThe Dow briefly tagged a new record high early on as traders kept rotating out of tech and into more economy-sensitive names.The broader market had a mixed day, but the tone felt like “value and cyclical stocks are back in play” after recent weakness.In healthcare, Merck jumped more than 3% (and was the Dow’s biggest gainer at +3.5%) after crushing Q4 earnings and revenue on strong demand for its cancer immunotherapy and ...
Jack Henry second-quarter profit rises on strong bank tech demand
Reuters· 2026-02-03 21:53
Core Insights - Jack Henry & Associates reported a higher second-quarter profit, attributed to strong demand for its banking technology offerings [1] Company Performance - The increase in profit indicates robust performance in the banking technology sector, reflecting a positive trend in demand for such services [1]
TMX Group and Verity Leaders Close the Market
TMX Newsfile· 2026-02-03 21:53
Core Insights - The acquisition of Verity by TMX Group marks a significant strategic move to enhance investment research management and data intelligence capabilities [1][2] Company Overview - Verity is recognized as a leading provider of investment research management and data intelligence, integrating AI-driven research platforms and proprietary datasets into TMX Datalinx [2] - The two main products from Verity are VerityRMS, a research management system, and VerityData, which offers enhanced datasets focused on public equity filings [3] Strategic Implications - The acquisition strengthens TMX Datalinx's global presence, enabling it to provide advanced workflow tools to over 5,000 clients, thereby optimizing intellectual capital [4] - By merging Verity's insights with TMX Group's data infrastructure, the company aims to support investment firms in making quicker and more confident decisions in global markets [4]
Supermicro Announces Second Quarter Fiscal Year 2026 Financial Results
Businesswire· 2026-02-03 21:51
SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) ("Supermicro†or the "Company†), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced unaudited financial results for its second quarter of fiscal year 2026 ended December 31, 2025. Second Quarter Fiscal Year 2026 Highlights Net sales of $12.7 billion versus $5.0 billion in Q1'26 and $5.7 billion in Q2'25 Gross margin of 6.3% versus 9.3% in Q1'26 and 11.8% in Q2'25 Net income of $401 millio. ...
Disney Taps Parks Chief to Be CEO, Palantir Gives Strong Sales Outlook | Bloomberg Tech 2/3/2026
Youtube· 2026-02-03 21:51
>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. >> THIS IS BLOOMBERG TECH. PALANTIR SHARES RISING AFTER THE COMPANY EXCEEDED WALL STREET EXPECTATIONS WITH ITS REVENUE FORECAST. >> AND DISNEY PARKS CHIEF WILL SUCCEED BOB IGER AS CEO. OUR CONVERSATION WITH THE DISNEY CHAIRMAN ABOUT THE NEWS LATER THIS HOUR. >> ELON MUSK IS COMBINING SPACEX AND XAI VALUING THE ENTITY AT $5.2% TRILLION. >> WE ARE BACK TO THE NORMAL STATE OF PLAY. STOCKS, BOND AND DOLL ...
Annual REMAX R4 Conference Brings 'One Global Network' Together for Masterminding, Networking and Business Growth
Prnewswire· 2026-02-03 21:50
Core Insights - The 2026 REMAX R4 conference will take place in Las Vegas from February 22-25, focusing on empowering real estate agents through insights, relationships, and innovative tools [1][2]. Group 1: Event Overview - REMAX is recognized as the leading name in real estate, with over 145,000 agents across more than 8,500 offices in over 120 countries [2]. - The R4 conference is the largest global gathering for REMAX's international network of affiliates, held at the MGM Grand Hotel & Casino [2]. - The theme for this year's event is "One Global Network," aimed at enhancing business growth and international networking among agents [1]. Group 2: Leadership and Vision - REMAX CEO Erik Carlson highlighted the high energy within the REMAX network following a year of innovation and bold strategies, emphasizing the importance of learning and relationship-building at R4 [3]. - The event will feature a renewed vision and forward momentum, blending proven models with fresh ideas and major announcements [3]. Group 3: Educational Focus - Education sessions will cover key areas such as technology adoption, lead generation, business planning, consumer trends, and leadership skills [4]. - The REMAX leadership team will present recent enhancements and upcoming advancements to specific tools and platforms, reinforcing the brand's commitment to innovation [4]. Group 4: Speaker Lineup - The conference will feature over 125 industry thought leaders, including bestselling authors and experts in sales and leadership [5]. - Notable speakers include James Clear, Vanessa Van Edwards, and Ryan Estis, who will provide insights into current trends shaping the real estate industry [5]. Group 5: Networking and Entertainment - R4 will provide ample opportunities for educational and entrepreneurial advancement, alongside entertainment elements such as the R4 Fun Night featuring a Grammy Award-winning band [5].