OEM Parts Stocks Fall in Aftermarket Estimates as U.S. Auto Unit Underperforms
Key takeaways Revenue at Genuine Parts missed results as its U.S. auto parts group underperformed, sending its shares tumbling. Same-store sales in third quarter changed little from last
Albemarle shares slump after BofA downgrades, anticipating weakness in lithium market
Takeaways Albemarle shares fell after Bank of America downgraded the stock due to expected weakness in the lithium market. BofA cut Albemarle to 'underperform'; from "neutral," and also
EUR/USD remains under pressure in the face of geopolitical tensions, Powell's speech in sight
The EUR/USD remains under pressure this Thursday morning, after an already strong Wednesday. bearish, while the news continues to provide little reason to be optimistic about the currency
Spirit AeroSystems shares soar after reaching production deal with Boeing
Takeaways Esprit AeroSystems has reached an agreement with Boeing to strengthen its production system. The agreement comes after quality issues involving Spirit AeroSystems delayed Boeing deliveries. Shares of
Thoughts on the Forex market on 10/19/2023
Hello. Below are several recommendations for trading on the Forex market on 10/19/2023 EURUSD A Poglo pattern was formed on the EURUSD pair tion. As expected, the price
J.B. Hunt shares lower-than-expected profit decline and sales as freight prices fall
Takeaways J.B. Hunt missed its earnings and sales estimates due to lower prices for freight services. The company's Intermodal and Truckload segments saw lower revenues. revenue per load.
ASML Orders Wrong Forecast and Company Warns 2024 Sales Will Be Flat
Takeaways Semiconductor equipment maker ASML reported orders well below forecast and the company warned that its sales would remain flat in 2024. Third-quarter bookings were just over the
Nvidia partners with Foxconn to build and scale 'AI factories'
KEY TO REMEMBER Nvidia partners with Foxconn to build AI-powered data centers for a wide range of applications, including electric vehicle platforms. The companies will set up AI
Morgan Stanley's profit falls on rising costs and slow merger and IPO activity
Key takeaways Morgan Stanley's third-quarter profit fell as sales at its wealth management and investment banking units fell short of estimates. The bank said Higher compensation and a
Lucid shares trade at all-time low after electric vehicle maker's deliveries miss estimates
Takeaways Luxury Electric vehicle manufacturer Lucid Group announced deliveries of its Air sedan well below analysts' forecasts. estimates. Lucid deliveries in the third quarter increased by only 59