November 20, 2024

US markets showed a mixed performance overnight, with the Dow Jones rallying late in the session, closing up 0.3 per cent, while the S&P 500 finished flat. The Nasdaq, however, ended slightly lower, down 0.1 per cent. A key driver of the overnight action was the anticipation surrounding Nvidia’s quarterly earnings and outlook. Nvidia’s shares […]

Target Corporation (NYSE: TGT) has plummeted in premarket trading after the retailer reported disappointing third-quarter earnings and reduced its full-year guidance. Despite efforts to attract shoppers through price cuts and early holiday sales, the company missed Wall Street’s earnings and revenue expectations, leading to a sharp decline in stock price. As of the time of

Comcast Corporation (NASDAQ: CMCSA) is moving forward with a plan to spin off its cable TV networks, including MSNBC, CNBC, USA, E!, Syfy, and Golf Channel. The decision is part of the company’s broader strategy to reduce its exposure to a traditional cable business that has been losing both viewers and advertisers due to the

Inflation in the UK surged to 2.3% in October, reversing a downward trend earlier in the year and placing pressure on the Bank of England to delay further interest rate cuts until at least next year. Official figures released by the Office for National Statistics (ONS) on Wednesday showed that a sharp rise in energy

A company to keep an eye on is HMC Capital (ASX:HMC). Stock Watch host Chris Pedersen spotlighted HMC for its strong earnings growth and attractive PE ratio on 10 October 2024. At the time HMC was trading at $8.74. Fast forward to today and it’s surged to $11.74 for a remarkable profit of 34.3% in just

Pinnacle Investment Management (ASX:PNI) has announced investments in two international asset managers—VSS Capital Partners (VSS) and Pacific Asset Management (PAM). Together, the investments total $143m. The acquisitions aim to strengthen Pinnacle’s foothold in private capital and international markets. In VSS, Pinnacle now has a 22.5% stake. The company is a US-based structured capital firm with

Clinuvel Pharmaceuticals (ASX:CUV) has entered discussions with the European Medicines Agency (EMA) to increase the recommended maximum annual dosage of SCENESSE (afamelanotide 16mg) for patients with erythropoietic protoporphyria (EPP) from four to six doses. This change would harmonise European guidelines with those in other regions, including the United States, enabling year-round treatment for patients. EPP

Nick Scali (ASX:NCK), a leading furniture retailer in Australia and New Zealand, specialising in premium, stylish furniture, has reported significant disruptions to its supply chain due to operational issues at one of its freight forwarders and customs agents, which is now under administration. This situation has delayed a substantial number of the company’s shipping containers,

Emeco Holdings (ASX:EHL), a provider of equipment rentals and maintenance services for the mining sector, has issued a trading update and earnings guidance for the 2025 financial year ending 30 June. The company projects its Operating EBITDA to exceed $300m, reflecting a steady continuation of FY24’s performance trends. The Managing Director and CEO, Ian Testrow,