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Coca-Cola shares have been weak heading into third-quarter earnings
Thursday 19 Oct 2023Soft-drinks giant Coca-Cola (KO:NYSE) releases third quarter earnings on 24 October with consensus earnings per share expected to be flat against the prior year at $0.69. The company raised annual sales and profit guidance on 26 July after beating analysts’ second quarter estimates. Over the last...
Pfizer hit by lower Covid vaccine demand but Novo Nordisk soars on weight-loss boost
Thursday 19 Oct 2023The number of people suffering from Covid might be on the rise, but vaccine providers are not doing as well as expected. America pharmaceutical group Pfizer (PFE:NYSE) sent a chill across the healthcare sector on 13 October after slashing full year revenue guidance by 13% and announcing $3.5...
Computacenter shares still on a roll after upbeat financial results two months ago
Thursday 19 Oct 2023IT infrastructure supplier and reseller Computacenter ( CCC ) has seen its shares rise 30% over the past two months. The trigger for the rally was the publication of half-year results on 7 September which saw Computacenter report 13.9% growth in adjusted pre-tax profit to £122.8 million and strong...
What do the latest US banking results tell us about the economy and markets?
Thursday 19 Oct 2023As usual with the US quarterly earnings season, the ‘Big Four’ banks have kicked off proceedings giving us an insight into the health of consumers and businesses and the state of the financial markets. First out of the blocks was JPMorgan Chase (JPM:NYSE) , the world’s largest bank by market value...
Markets buffeted by strong US job gains and Israel attacks
Thursday 12 Oct 2023Stocks across the Atlantic surprised in the wake of the 6 October US jobs report as they registered their largest daily gains since late August, snapping a four-week losing streak. Bond yields, which had surged earlier in the day to their highest since 2007, backed off giving some respite to risk...
Hunting lifted by higher oil prices and inspiring long-term vision for business
Thursday 12 Oct 2023A combination of a favourable commodity price backdrop and positive operational progress has helped energy services firm Hunting ( HTG ) to a 20% share price gain in the past six months. As chief executive Jim Johnson explained to Shares an investor day on 13 September was intended to demonstrate...
VinFast stock’s rapid rise matched by equally fast falls
Thursday 12 Oct 2023A roller-coaster analogy is often used with high volatility stocks, but skiing is perhaps a better one for VinFast Auto (VFS:NASDAQ) . To say Vietnam’s supposed answer to Tesla (TSLA:NASDAQ) was a debut hit would be an understatement - the stock surged roughly 270% on its $22 IPO (initial public...
Tesla deliveries miss in third quarter and pose the risk of lower margins
Thursday 12 Oct 2023T esla (TSLA:NASDAQ) unveiled another round of vehicle price cuts in the US (2 October), the seventh time this year that the world’s biggest electric car maker has lowered prices on some models. Yet investors were left a little miffed by lower third-quarter deliveries, even after planned production...
Weak retail figures and Bank of England gloom dial down rates pressure
Thursday 12 Oct 2023Although the UK experienced the hottest September on record, shoppers showed no sign of loosening their purse strings according to the latest updates from Kantar Worldpanel and the BRC (British Retail Consortium). Combined with a gloomy assessment from the Bank of England of the prospects for the...
Greggs experiences some growing pains but there is no cause for alarm
Thursday 05 Oct 2023The difficulties in hitting its ambitious growth targets were laid bare in Greggs’ ( GRG ) third-quarter trading update (3 October) and combined with a lack of earnings upgrades the shares continue to lose the momentum they had built up over late 2022 and into 2023. There were things to like from...