Analyst news

• Earnings Results: Texas Instruments’ stock slides after 3Q revenue miss, weak guidance

  24-10-2023 23:12
  The initial version of this article featured an incorrect number for Texas Instruments’ analog revenue. This has now been corrected. Texas Instruments Inc. shares fell in extended trade Tuesday after the chip maker reported third-quarter revenue below analysts’ expectations and delivered weaker-than-expected guidance.The chipmaker reported net income of $1.709 billion,or $1.85 a share, compared with net income of $2.295 billion, or $2.47 a share, in the same period last year. Ea
  
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• : House speaker race: Tom Emmer ends bid, another candidate forum planned for tonight

  24-10-2023 23:12
  Rep. Tom Emmer of Minnesota has become the latest House Republican to hit a wall in his push to become speaker, as the congressman on Tuesday opted to end his bid for the post, according to multiple published reports. The Minnesota lawmaker had been facing resistance in his effort to become speaker, with more than 20 fellow Republicans indicating that they wouldn’t support him in a vote on the House floor. Former President Donald Trump, the frontrunner in the 2024 GOP presidential primary,
  
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• Earnings Outlook: Snap posts surprise revenue growth, but Israel conflict is making advertisers skittish

  24-10-2023 23:07
  Snap Inc. broke a streak of revenue declines Tuesday as it sported 5% growth on the top line for its latest quarter, but shares dipped after management cautioned that the war in the Middle East was making some advertisers more cautious. The company logged $1.19 billion in third-quarter revenue, up from $1.13 billion a year before. Analysts were modeling $1.11 billion. Snap’s SNAP, +2.32%revenue had fallen on a year-over-year basis in each of the prior two quarters.Shares initially rose in
  
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• Morocco Lucky Ticket: we are raffling 3,000 USD and two iPhones 15 Pro Max

  24-10-2023 23:01 via litefinance.org
  
  Dear clients,We're holding the Lucky Ticket Draw in Morocco!Moroccan traders have a chance to win one of the five valuable prizes:On 28, 29, and 30 November 2023, we raffle three account deposits of 1,000 USD each; On 15 and 20 December 2023, we raffle two iPhones 15 Pro Max 512GB.
  How do you participate in a draw?First, register with LiteFinance and verify your profile. If you are a client already, well done! Make a bulk deposit of $200 or more. Activate the LUCKYMAR promo code, and you'll beco
  
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• Market Snapshot: Dow Jones snaps four-day losing streak, supported by strong earnings

  24-10-2023 22:34
  U.S. stocks ended higher Tuesday afternoon, helped by several blue-chip companies reporting stronger results than expected and by earnings reports due from Alphabet and Microsoft after the close. How stocks traded The Dow Jones Industrial Average DJIArose 204.97 points or 0.6% to close at 33141.38, snapping a four-day losing streak.The S&P 500 SPXgained 30.64 points or 0.7% to end at 4247.68, snapping a five-day losing streak, its longest so far this year.The Nasdaq Composite COMPclimbed 121
  
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• Earnings Outlook: Visa’s stock up 2% on earnings beat; credit-card giant says consumer spending ‘resilient’

  24-10-2023 22:30
  Visa Inc.’s shares rose 2% in the extended session Tuesday after the company reported quarterly results that topped Wall Street views, saying consumer spending was “resilient.”The company posted fiscal fourth-quarter net income of $4.7 billion, or $2.27 a share, compared with $3.9 billion, or $1.86 a share, in the year-earlier period. Visa V, +1.35%logged adjusted earnings per share of $2.33, whereas analysts tracked by FactSet were expecting $2.25. Visa’s revenue increas
  
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• Earnings Results: Google parent Alphabet’s business growth is fastest in more than a year on advertising rebound

  24-10-2023 22:26
  Alphabet Inc.’s business expanded faster than it has in more than a year after Google’s parent company reported a rebound in advertising that pushed quarterly revenue up 11% year-over-year. “The fundamental strength of our business was apparent again in Q3, with $77 billion in revenue, up 11% year over year, driven by meaningful growth in Searchand YouTube, and momentum in Cloud. We continue to focus on judicious capital allocation to deliver sustainable financial value,”
  
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• Earnings Outlook: Microsoft blows past earnings estimates as cloud growth comes in hot

  24-10-2023 22:13
  Microsoft Corp. rode better-than-expected growth in its Azure cloud-computing unit to sizable revenue and earnings beats Tuesday, and its shares were advancing more than 4% in the aftermarket. The company said revenue for Azure and other cloud services was up 29%, or 28% in constant currency in the fiscal first quarter. Microsoft’s MSFT, +0.37%forecast had been for 25% to 26% constant-currency Azure revenue growth, while the company posted 27% constant-currency growth on the metric in the
  
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• Market Extra: Wall Street is again worried about an imminent recession. Here’s what the data show, and what it might mean for your portfolio.

  24-10-2023 22:06
  Economists polled by The Wall Street Journal believe the U.S. economy is coming off its hottest summer stretch since 2020.But if that proves to be true,then why are Wall Street luminaries like Bill Gross and Bill Ackman warning that a long-expected economic downturn has already begun? Gross even said that a recession could commence before the end of 2023, which is less than three months away. For better or worse, investors seem to be taking these warnings seriously. They’ve been blamed for
  
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• The Tell: ‘Risk of an oil shock is rising’ due to Mideast war, says BCA Research

  24-10-2023 22:03
  Global investors are just beginning to grasp the possibility that intensifying geopolitical risks may be here to stay, with the near-term risk of an oil shock rising as the U.S. beefs up its military presence in the Middle East. That’s according to strategist Roukaya Ibrahim of BCA Research, the same Montreal-based firm which came out last week with a forecast of a 70% chance that the Israel-Hamas war could spread beyond Gaza. BCA Research’s geopolitical strategists now see a “
  
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• Bond Report: 2-year Treasury yield jumps by most in a week, with U.S. economic strength in focus

  24-10-2023 21:53
  Treasury yields finished mixed on Tuesday as traders weighed U.S. economic strength against the potential for a mid-November government shutdown and the lack of a ground invasion by Israel of Gaza. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yjumped 4.3 basis points to 5.103% from 5.060% on Monday. That’s the largest one-day advance in a week, according to 3 p.m. Eastern time figures from Dow Jones Market Data. The yield on the 10-year Treasury BX:TMUBMUSD10Yrose l
  
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• Realtor.com: Conservative commentator Tomi Lahren offering her Nashville home for rent

  24-10-2023 19:50
  Tomi Lahren, host of the podcast “Tomi Lahren Is Fearless,” is looking to rent out her Nashville, TN, home for $5,000 a month. The three-bedroom, three-bath dwelling is just over 2,000 square feet in size and comes furnished, making a quick move-in possible.Country rustic is the vibe, from the brick-and-wood exterior to the shiny plank flooring and cozy fireplace in the living room. The kitchen opens to the dining room and offers seating at the island. The cook space also has trendy
  
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• Key Words: $500,000 or lunch with Jay-Z? The rapper responds to viral debate: ‘take the money’

  24-10-2023 19:32
  “‘You gotta take the money’”That was rapper and business mogul Jay-Z answering Gayle King’s question about a viral online debate of which is more valuable, $500,000 in cash or lunch with him.The crux of the debate among fans is if the advice or knowledge that Jay-Z is going to give a person during that hypothetical meal is going to be so valuable that it’s actually worth more than half a million dollars. To be clear, that deal is not being offered by Jay-Z him
  
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• : Tom Emmer nominated for speaker by House Republicans

  24-10-2023 19:24
  House Republicans on Tuesday voted for Rep. Tom Emmer of Minnesota to become their latest nominee for speaker of the U.S. House of Representatives, with his selection coming three weeks after the historic ouster of former Speaker Kevin McCarthy. Emmer gradually picked up support in multiple rounds of voting and finally drew a majority votes in a fifth ballot, topping the number of votes cast for Rep. Mike Johnson of Louisiana. That’s according to posts on social media by Rep. Elise Stefani
  
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• Crypto: Bitcoin’s rally could send the crypto to $48,000 by year-end, technical analyst says.

  24-10-2023 19:22
  Bitcoin is likely to rally further and reach as high as $48,000 by the end of the year, based on technical analysis, one analyst says.  As bitcoin BTCUSD, +7.19%jumped above $32,000 and briefly touched $35,000 on Tuesday, it is “a very significant move as it clears a heavy overhead resistance level,” according to Julius de Kempenaer, senior technical analyst at StockCharts.com. The next major resistance level of bitcoin stands at $47,000 to $48,000, de Kempenaer said in emailed
  
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• The Moneyist: My husband and I divorced after 17 years of marriage. He sold our home at a significant profit. Am I entitled to my share?

  24-10-2023 19:19
  Dear Quentin, My husband and I were married for 17 years. We divorced 5 years ago. While we were married we had a home built, and we lived in the home until we separated. When we bought the house, we were advised to only put my husband’s name on the loan, because I had already purchased a home years before. My name was added to the deed.The home was not mentioned in the divorce decree …
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• Earnings Results: Coca-Cola’s stock sees biggest gain this year after earnings beat, raised outlook

  24-10-2023 19:16
  Shares of Coca-Cola Co. climbed Tuesday toward their best day this year, after the beverage giant beat third-quarter profit expectations and provided an upbeat outlook, as consumer spending “held up well” in developed markets. “[O]verall, our industry remains vibrant while it’s expanding, and we are executing to capture that growth,” said Chief Executive James Quincey on the post-earnings conference call with analysts, according to an AlphaSense transcript. “D
  
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• Market Snapshot: Dow slightly higher as earnings season rolls on with Microsoft and Alphabet ahead

  24-10-2023 19:14
  U.S. stocks were trading higher Tuesday afternoon, but off the session’s best levels, helped by stronger than expected results from several blue chip companies with earnings reports from Alphabet and Microsoft due after the close. How stocks are trading The Dow Jones Industrial Average DJIArose 153 points, or 0.5%, to 33,091 The S&P 500 SPXadded 18.6 points, or 0.4%, to 4,235 The Nasdaq Composite COMP climbed 68 points, or 0.5%, to 13,087On Monday, the Dow Jones Industrial Average fell
  
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• Banking: Succession wait bites into Morgan Stanley’s stock as company studies CEO options

  24-10-2023 19:05
  Succession issues that have swirled around some of the largest U.S. banks have heightened in regard to Morgan Stanley and weighed on its stock in the week since the marquee bank provided no updates on who its next leader will be after Chief Executive James Gorman retires. Morgan Stanley shares MS, -0.08%managed to rise 0.3% Tuesday with tailwinds from the broad market for the bank’s first move into the positive column since its mixed third-quarter earnings update last week. The stock is st
  
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• : EXCLUSIVE: AMC boosted by Taylor Swift and summer blockbusters, cinema foot-traffic data show

  24-10-2023 18:44
  AMC Entertainment Holdings Inc. is enjoying a foot-traffic boost thanks to “Taylor Swift: The Eras Tour” and summer blockbusters “Barbie” and “Oppenheimer,” according to U.S. data from analytics company Placer.ai. “Despite the ongoing economic headwinds impacting many consumer segments, out-of-home entertainment emerged as one of summer’s major winners — in large part thanks to the blockbuster success of Barbie and Oppenheimer,&rdqu
  
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• : Slashing phone hold times and more: AI is about to make your life way better

  24-10-2023 18:40
  This fall, the world will witness a transformative shift as artificial intelligence (AI) is set to redefine how we interact with the world. A myriad of products and apps are in the queue, poised to roll out robust AI integrations. Although the initial changes may appear subtle, the cumulative impact will be colossal, heralding a new era of convenience and efficiency.Consider just our phones. The average annual hold time when dealing with, for example, travel changes or insurance questions, is a
  
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• Market: either up or down. Forecast as of S&P 500 as of 24.10.2023

  24-10-2023 14:01 via litefinance.org
  
  Is the S&P 500 corrected in a bull trend, or has it started a bear trend? The current movements of the stock index price are not similar to the previous events in the uptrend. Let us discuss the Forex outlook and make up a trading plan.Monthly S&P 500 fundamental forecast Goldilocks economy or the Fed's intention to keep interest rates high for an extended period of time? What worries investors more? Judging by the S&P 500's more than 8% drop from its July highs, Greed has given
  
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• Europe Markets: Barclays drags down U.K. bank stocks after warning on net interest margins

  24-10-2023 13:50
  Barclays led U.K. banking stocks lower on Tuesday, after the London-listed lender posted a sharp fall in third-quarter profits and warned that a strategic review would lead to large cost cuts. A weak performance by the investment banking division, relative to Wall Street peers, and narrowing profit margins at the U.K. consumer-focused operations saw group net profit decline 16% to £1.3 billion ($1.6 billion).C. S. Venkatakrishnan, Barclays chief executive, said he would deliver an update a
  
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• Need to Know: Why Coke, others, may be spared, as a $100 billion opportunity in weight loss drugs unfolds says JPMorgan

  24-10-2023 13:37
  Let’s hear it for retail investors, who don’t get enough credit for taking care of business.Citing Vanda Research, the Wall Street Journal reports that the average individual-investor stock portfolio is up 150% since the start of 2014, versus around 140% for the S&P 500’s SPXduring the same period. All that is largely thanks to love for tech biggies like Apple and Tesla, as savvy investors picked up on their importance. And who wouldn’t want to hop on the next big the
  
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• Earnings Results: Verizon logs earnings beat while boosting target on a key metric

  24-10-2023 13:15
  Verizon Communications Inc. upped its free-cash-flow expectations for the year, and shares of the telecommunications company were headed about 2% higher in Tuesday’s premarket trading. The company reported net income of $4.9 billion, or $1.13 a share, compared with $5.0 billion, or $1.17 a share, in the year-earlier period. On an adjusted basis, Verizon VZ, -0.57%earned $1.22 a share, whereas the FactSet consensus was for $1.18 a share. Revenue fell to $33.3 billion from $34.2 billion and
  
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• Peter Morici: Fiction writers demanding money from AI chatbots are lost in fantasy

  24-10-2023 13:05
  “ Most of the literature that chatbots will read is in the public domain and on the internet. ”Fiction writers are in an uproar that artificial intelligence will intensify competition. They want large-language models to either stop training on their literature or to be paid royalties. Like the Luddites weavers in the 18th century, who broke into factories to smash textile looms, these writers want special status to protect their employment from
  
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• Encore: Retirees tend to be happier than younger people — even if their finances aren’t great

  24-10-2023 12:07
  Much of the work we do suggests that people are not saving enough for retirement. More specifically, since 2006 we have published our National Retirement Risk Index (NRRI), which uses the Federal Reserve’s triennial Survey of Consumer Finances to compare households’ projected replacement rates — retirement income as a percentage of preretirement income — with targets that would maintain their standard of living. Those households with a projected replacement rate that is m
  
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• Bond Report: Treasury yields fall further after Ackman and Gross question health of U.S. economy

  24-10-2023 11:50
  Longer-term Treasury yields fell on Tuesday, extending a retreat from 16-year highs above 5%.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yrose by 2.2 basis points to 5.080%.The yield on the 10-year Treasury BX:TMUBMUSD10Yretreated 1.1 basis points to 4.838%. The yield on the 30-year Treasury BX:TMUBMUSD30Yfell 3.3 basis points to 4.970%. What’s driving markets The retreat in U.S. benchmark yields triggered by a rush of buying once the 10-year Treasury offered more
  
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• Movers & Shakers: Logitech shares surge after computer mouse seller lifts full-year guidance as Redfin stock boosted by Apollo financing

  24-10-2023 11:36
  Here are some of the day’s biggest movers: Stock gainers: Shares in Logitech International LOGI, -1.19%surged 11% after the keyboard and computer mouse seller lifted its full-year guidance on publication of its second-quarter results.
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• NerdWallet: If you want to be a more climate-friendly traveler, tough it out on the budget airlines—here’s why

  24-10-2023 11:03
  This article is reprinted by permission from NerdWallet.  As someone who cares about my environmental impact and spending as little money as possible, life is full of fraught decisions. Should I buy organic milk even though it’s twice as expensive? Or choose an electric car for $40,000 rather than a friend’s run-down Corolla for $3,000?Should I make eye contact with the person on the street raising money to fight climate change or awkwardly pretend to be on a phone call? The poi
  
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• Kelley Blue Book: The 2024 Volvo XC60 review: Elegant and modern, smooth as silk on the highway

  24-10-2023 11:03
  Pros Strong safety ratings Vibrant interior Standard all-wheel drive Cons One of the older entries in the segment What’s new? AWD only B6 powertrain eliminatedThe 2024 Volvo XC60 is a compact luxury SUV with European flair as well as a Scandinavian-vibe cabin, solid safety ratings, and elegant styling. Prices start at $46,450.For those searching for a European alternative to German hardware, the 2024 Volvo XC60 is the go-to. Its handsome exterior and elegant, modern interior belies its no-
  
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• : Hermès records industry-beating growth as sales rise 16%

  24-10-2023 11:03
  Luxury goods seller Hermès International on Tuesday said its sales continued to grow in the third quarter, on the back of “sustained momentum in Asia and in the Americas,” despite fears around a slowdown in the wider luxury sector.  The French fashion house reported a 16% uptick in third quarter sales to €3.36 billion ($3.58 billion). A selection of five analysts polled by FactSet had predicted the company would generate sales worth €3.31 billion. Shares in
  
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• NerdWallet: 9 ways to manage the stress that the holidays put on you and your finances

  24-10-2023 11:01
  This article is reprinted by permission from NerdWallet.  Holidays are meant to be full of love, but sometimes they’re full of stress and anxiety. One of the culprits can be the unspoken financial commitment of family dinners, travel and chaotic gift-buying. Sometimes the stress is beyond your control, but there are some things you can champion like planning and budgeting.We asked a few of our Nerds to write down their best strategies for managing holiday stress and spending. Her
  
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• Next Avenue: Why paying off all of your debts for retirement isn’t always the best idea

  24-10-2023 11:00
  This article is reprinted by permission from NextAvenue.org. America, by and large, is a country in debt. Total household debt in the U.S. rose to $17.05 trillion in the first quarter of 2023, according to the latest data from the Federal Reserve Bank of New York. Mortgage balances were at $12.04 trillion, auto loans were at $1.56 trillion and credit card balances stood at $986 billion.Debt-free living is the goal of many retirees (as well as many people who are still working). Bu
  
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• Market Snapshot: S&P 500 futures gain as Treasury yields fall further, Microsoft and Alphabet earnings loom

  24-10-2023 10:39
  U.S. stock futures advance as Treasury yields fall further, while Microsoft and Alphabet earnings loom.How are stock-index futures trading S&P 500 futures ES00, +0.47%rose 12 points, or 0.3%, to 4254 Dow Jones Industrial Average futures YM00, +0.30%added 46 points, or 0.1%, to 33113 Nasdaq 100 futures NQ00, +0.65%climbed 64 points, or 0.4%, to 14776On Monday, the Dow Jones Industrial Average DJIAfell 191 points, or 0.58%, to 32936, the S&P 500 SPXdeclined 7 points, or 0.17%, to 4217, whi
  
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• USD time is over. Or not? Forecast as of 24.10.2023

  24-10-2023 09:47 via litefinance.org
  
  Neither American exceptionalism, the rally in Treasury yields, nor the fall in stock indices are helping the EURUSD bears. On the contrary, when debt rates fall, the pair rises steadily. What are the reasons? Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastAs soon as the 10-year Treasury yield crossed the 5% red line and fell, EURUSD jumped to a 5-week high. The rally in Treasury rates has been helping the US dollar for a long time, but the time
  
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• Dow Jones Newswires: Fossil-fuel demand likely to peak before 2030 as renewable uptake rises, IEA says

  24-10-2023 08:30
  Global demand for fossil fuels is likely to peak before the end of the decade, with mounting shocks to the global energy system caused by geopolitical uncertainty hastening the move to renewable energy, according to the International Energy Agency. The IEA, a Paris-based group of some of the world’s biggest energy users, said demand for coal, oil and natural gas should all peak this decade, with increasing use of electric vehicles and renewable energy offsetting demand for carbon-based fue
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.10.2023

  24-10-2023 08:16 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming a double zigzag W-X-Y. The final actionary wave Y is currently unfolding as a standard zigzag [A]-[B]-[C]. Sub-wave (5) inside the first impulse wave will continue to develop. Most likely, the price will rise to a high of 35261.15, after which
  
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• Short-term analysis for oil, gold, and EURUSD for 24.10.2023

  24-10-2023 08:04 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The EURUSD short-term uptrend continued yesterday. Oil price forecast for today: USCrude analysisThe oil price is being corrected down in the short-term uptrend. The price broke out support (А) 86.31 - 85.98 and should continue declining to suppor
  
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• The Big Move: I have my own business, but it’s under my girlfriend’s name. I want to get an $800,000 mortgage. Will I be laughed at?

  24-10-2023 03:20
  Dear Big Move,First off, I’m a complete beginner, I know next to nothing, and I’m expecting to be laughed at. Here’s my question: I’m currently living with my girlfriend. I’ve been looking for houses, and I’ve found a very nice quadplex that’s just been renovated. I run two businesses, but personally have no source of income. Here’s why: In addition to my two existing businesses, I am working on creating a third, but they are under my girlfrie
  
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• The Moneyist: ‘I’ve been living inside a silent divorce’: I want a ‘kitchen-table’ separation from my husband without lawyers. Is that a good idea?

  24-10-2023 03:17
  Dear Quentin,For the last decade of my 22-year marriage, I have been living inside a silent divorce, as psychologist Esther Perel calls it. We are roommates and co-parents, but there is no marriage. Despite this, my highest priority is for us to continue to live and parent under the same roof until our children are off to college in a few years. My goal now is to sever our financial relationship, aligning it with our nonexistent emotional and physical relationship. We live in Washington sta
  
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• Crypto: Bitcoin rallies to almost 18-month high on ETF optimism

  24-10-2023 02:23
  Bitcoin surged over 10% on Monday, briefly surpassing $34,500, on continued optimism that an exchange-traded fund investing directly in the cryptocurrency will soon be approved in the U.S.  The largest cryptocurrency BTCUSD, +8.11%by market cap on Monday reached as high as $34,616, the loftiest level since May 2022, according to CoinDesk data, before falling to around $33,021 by Monday evening. Other major cryptocurrencies also rose, with ether up 5.8% over the past 24 hours to $1
  
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