The CNBC Investing Club with Jim Cramer recently held a “Morning Meeting” livestream where a number of key moments were discussed. Thursday saw the S & P 500 and Nasdaq pull back from record highs after a lower-than-expected inflation report. This led investors to shift their focus from Big Tech stocks to smaller-cap names. The
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Delta Air Lines recently released its third-quarter revenue forecast, predicting record revenue due to a surge in summer travel demand. However, the airline’s projections fell short of analysts’ expectations, with sales expected to rise by only 4%, below the 5.8% growth estimated by analysts. The forecasted adjusted earnings per share of $1.70 to $2 also
BP experienced a decline in shares on Tuesday following the announcement of an expected impairment of up to $2 billion in the second quarter. The company indicated that lower refining margins and weak oil trading performance will impact its second-quarter results, set to be released on 30 July. The drop in shares amounted to 2.6%
The trading week on Wall Street ended on a positive note, with the tech sector leading the way. Despite the holiday-shortened week, major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq saw gains. The S&P 500 and Nasdaq, in particular, closed at record highs, with impressive increases of nearly 2% and 3.5%,
Samsung Electronics has recently made headlines with their optimistic profit projections for the second quarter of the year. Expecting a significant jump in operating profit compared to the previous year, the South Korean tech giant is riding high on the wave of artificial intelligence demand. These projections have led to a surge in their stock
Constellation Brands recently reported an earnings beat, largely driven by the strength of its beer business. This segment includes popular brands such as Modelo, Corona, and Pacifico. The company’s focus on beer has been a key driver of success and growth, with sales in this category showing significant gains. Despite the positive performance in the
Walgreens’ shares witnessed a steep decline of almost 20% following the release of its fiscal third-quarter earnings report. The company reported earnings that were significantly below expectations and subsequently adjusted its full-year profit outlook. Walgreens now predicts adjusted earnings per share in fiscal year 2024 to be in the range of $2.80 to $2.95, down
H&M, one of the world’s most renowned retailers, experienced a significant blow when its second-quarter profits fell short of expectations. The company reported a 14% drop in its shares, causing alarm among investors. This plunge was primarily due to H&M’s lower-than-anticipated operating profit of 7.1 billion Swedish krona, missing the mark of 7.37 billion Swedish
Southwest Airlines shares took a hit in premarket trading as the carrier reduced its second-quarter revenue forecast. The airline cited changing booking patterns as the reason for the adjustment. Southwest now expects revenue per available seat mile to drop between 4% and 4.5% in the second quarter compared to last year. This is a significant
Casual-dining chains are experiencing a shift in customer behavior as consumers grow frustrated with the rising prices at fast-food establishments. Darden Restaurants CEO Rick Cardenas acknowledges this trend, noting that while Darden has not directly benefited from this shift, its competitors such as Brinker International and Dine Brands are successfully attracting customers away from quick-service
