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U.S. Movers: Interactive Brokers, JB Hunt, Morgan Stanley, Procter & Gamble, United Airlines

Oct 18, 2023
Scott Peters
United Airlines warned higher crude oil prices will dampen earnings in the current quarter. Morgan Stanley reported weakness in wealth management unit. Procter & Gamble said quarterly sales were driven by price increases.

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U.S. Movers: Bank of America, Chipmakers, Choice Hotels, Goldman Sachs, Johnson & Johnson, Lockheed Martin, Wyndham Hotels

Oct 17, 2023
Scott Peters
Choice Hotels decided to take its offer to acquire Wyndham Hotels directly to shareholders. Goldman Sachs reported mixed quarterly results but the weakness in the asset management unit was overshadowed by the strength in its investment banking fees. Bank of America reported strong quarterly performance

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U.S. Movers: Charles Schwab, Lululemon Athletica, Pfizer Corp, Rite Aid

Oct 16, 2023
Scott Peters
Charles Schwab reported a sharp decline in quarterly revenue and earnings but advised solutions revenue jumped to a record high. Lululemon is scheduled to be added to the S&P 500 index later in the week. Pfizer lowered its annual revenue and earnings estimates.

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U.S. Movers: Activision Blizzard, Microsoft, Citigroup, JPMorgan Chase, Wells Fargo

Oct 13, 2023
Scott Peters
Big banks reported a surge in earnings after net interest income soared on the back of rising interest rates for customers but not for depositors. Microsoft closed the acquisition of Activision Blizzard after a lengthy review process in the U.S. and the U.K.

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U.S. Movers: Delta Air Lines, Domino's Pizza, Ford Motor, Walgreens

Oct 12, 2023
Scott Peters
Walgreens Boots Alliance reported weak quarterly results and offered a softer sales growth outlook in the fiscal 2024. Domino's Pizza said U.S. same store sales declined in the fiscal third quarter. Delta Air Lines said third quarter earnings soared on strong travel demand.

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U.S. Movers: Exxon Mobil, Humana, Novo Nordisk, Pioneer Natural Resources, Sherwin William

Oct 11, 2023
Scott Peters
Exxon Mobil agreed to acquire Pioneer Natural Resource for $60 billion in an all-stock deal. Novo Nordisk halted its kidney trial earlier on promising results. Humana announced a chief executive transition plan.

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U.S. Movers: Bristol-Myers, Palantir, PepsiCo, Unity Software

Oct 10, 2023
Scott Peters
PepsiCo revised higher its annual earnings outlook. Palantir Technologies won a contract from the U.S. Army. Unity Software said its chief executive plans to step down. Bristol-Myers Squibb agreed to acquire Mirati Therapeutics.

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U.S. Movers: Airlines, Cruise Lines, Defense Stocks, Energy Stocks

Oct 9, 2023
Scott Peters
The knee-jerk reaction to crude oil prices lifted energy and defense stocks higher and dragged airlines and cruise lines stocks lower in volatile trading.

U.S. Movers: Aehr Test Systems, Levi Strauss, Philips, Tesla

Oct 6, 2023
Scott Peters
Levi Strauss lowered its annual sales outlook after weak third-quarter sales. Aehr Test Systems retained its annual sales growth estimate. Tesla cut prices for two models in the U.S.

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Movers: De La Rue, JD Wetherspoon, Metro Bank, Philips, Renault, Shell, Volvo

Oct 6, 2023
Inga Muller
Volvo AB and Renault SA formed a joint venture to make electric vans. JD Wetherspoon returned to annual profitability after three years of struggle. Metro Bank to sell some mortgage loan assets.

U.S. Movers: Clorox, Energy Stocks, Rivian Automotive

Oct 5, 2023
Scott Peters
Rivian Automotive said it plans to raise capital through a convertible bond offering. Clorox forecasted a sharp decline in fiscal first quarter sales. Energy stocks extended weeklong losses tracking the reversal in crude oil prices.

U.S. Movers: Cal-Maine Foods, Cruise Stocks, Energy Stocks, Insulet, Intel

Oct 4, 2023
Scott Peters
Energy stocks declined and cruise lines operators advanced after crude oil prices plunged 5%. Cal-Maine reported a sharp fall in profit after average egg prices plunged.

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U.S. Movers: Eli Lilly, Macy's, McCormick, Point Biopharma

Oct 3, 2023
Scott Peters
McCormick reiterated its annual sales and earnings outlook. Macy's said it plans to open smaller stores in locations away from large shopping malls. Eli Lilly agreed to acquire Point Biopharma.

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U.S. Movers: Blue Apron, Nike, Vail Resorts

Sep 29, 2023
Scott Peters
Nike reported mixed quarterly results and guided cautious annual sales outlook. Vail Resorts said quarter loss expanded. Blue Apron agreed to acquired and go private.

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U.S. Movers: CarMax, Concentrix Corp, GameStop, Micron Technology, Peloton Interactive

Sep 28, 2023
Scott Peters
CarMax reported weakening demand for used vehicles after higher prices and a surge in financing rates kept buyers away. GameStop appointed activist investor as the company's chief executive. Micron Technology reported weak quarterly results.

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