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Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading.
Looking ahead to the pharmaceutical earnings season, UBS expressed cautious optimism when looking at several major names. Notably, Eli Lilly and Co (NYSE:LLY), with a 'buy' rating and a price target of $910, is expected to see mixed performance due to shortages of its weightloss drig Mounjaro and Zepbound, though early stocking could partially offset declines in Trulicity sales.
(Kitco News) – One year to the day after one of the largest gold heists in history, Canadian police announced the arrests of five Canadians and one American, with three others still at large.
Las Vegas Sands' (LVS) first-quarter 2024 results reflect solid performance from Macao and Singapore on the back of ongoing travel recovery and progress in tourism spending.
Although the revenue and EPS for Ally Financial (ALLY) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Shares of Alaska Air Group (ALK) took off in intraday trading Thursday after the airline posted better-than-expected results and guidance as travel demand boomed, helping to offset the effects of a January flight emergency.
Equifax beat on earnings but provided second-quarter and full-year guidance that underwhelmed. The company is feeling the impact of changing expectations over rate cuts.
SAINT LOUIS--(BUSINESS WIRE)--Perficient will host a conference call on Monday, May 6, at 8 a.m. ET to discuss the company's first quarter 2024 results.
If competition among Tesla and other electric vehicle makers was not already tough enough, Chinese smartphone maker Xiaomi said its foray into the EV market has resulted in much better sales than predicted. The SU7 model was launched last month, with the smartphone giant saying it was benchmarked against the Tesla Model 3 and Porsche Taycan.
American Express (AXP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.