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Novartis AG (ADR) (NYSE:NVS) has raised its full-year revenue and profit guidance following a strong first quarter driven by momentum in key products including psoriasis drug Cosentyx, relapsing Multiple Sclerosis medicine Kesimipta and high cholesterol drug Leqvio. The Swiss drugmaker expects its 2024 sales to grow in the high-single to low-double-digit percentage range, compared to its earlier expectation of a mid-single-digit increase.
The artificial intelligence (AI) hype is fueling the market to new highs. As per a report from PwC, AI could contribute $15.7 trillion to the global economy by 2030.
STMicroelectronics' (STM) first-quarter results are expected to reflect strength in the automotive market. However, weakening demand across the personal electronics market is a concern.
Wolfspeed (WOLF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
RTX Corp. (formerly Raytheon Technologies) has seen a big increase in its stock price and has become a core holding in family portfolios. The company reported strong quarterly earnings, with organic sales growth of 12% and a record backlog of more than $200 billion. RTX benefits from government contracts and is investing in R&D to stay competitive, with a focus on next-generation technologies and products.
Takeover could value HashiCorp at a premium to its market value of $4.9 billion.
When travelers and investors think about the airline industry, their attention remains captivated by big names like United Airlines (NASDAQ: UAL ) or Delta (NYSE: DAL ). After all, these airlines operate the most exciting routes and aircraft, with flashy first-class amenities and branded credit cards.
Earnings from the payment technology company will provide an update on the health of the consumer.
MILWAUKEE , April 23, 2024 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it plans to release its first quarter 2024 financial results after the market closes on Monday, May 6, 2024. Regal Rexnord will host a conference call to discuss the earnings release at 9:00 am CT (10:00 am ET) on Tuesday, May 7, 2024.
The Investment Committee give you their top stocks to watch for the second half.