US Stock Reports, Quotes and News
Krishnan VR emphasizes the importance of order execution and actual earnings growth in the PSU sector. He discusses the moderation of market returns for FY25, predicting double-digit returns over the medium to long term. He further say that in the smallcap and midcap space, it is better to look at individual companies instead of generalizing from aggregate index valuations.
Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.
UnitedHealth Group (NYSE:UNH) maintained a positive outlook in its first quarter 2024 earnings call despite a significant cyberattack on its subsidiary, Change Healthcare (NASDAQ:CHNG). CEO Andrew Witty and CFO John Rex detailed the financial impact of the incident and discussed the company\’s performance and strategies.
(Reuters) – A top federation of U.S. labor unions has urged Norfolk Southern (NYSE:NSC) shareholders to vote against Ancora\’s director candidates, arguing the hedge fund\’s plans for the railroad would compromise safety and improvements being considered.
BNY Mellon (NYSE: BK) delivered a strong performance in the first quarter of 2024, with a 3% year-over-year (YoY) increase in total revenue to $4.5 billion and an 11% rise in earnings per share (EPS) to $1.25. The company experienced growth across various segments, including investment services fees and a notable 8% increase in servicing fees.
(Reuters) – U.S. lawmakers Jerry Nadler and Joaquin Castro on Tuesday raised competition concerns over the sports streaming joint venture planned by Walt Disney (NYSE:DIS), Fox and Warner Bros Discovery (NASDAQ:WBD). The congressmen questioned how the new offering would affect access, competition, and choice in the sports streaming market in a letter to the media companies\’ CEOs.
(Reuters) – The Biden administration is set to reject the construction of an access road to the Ambler mining district in northern Alaska, Politico reported on Tuesday, citing two people with knowledge on the decision.
Investing.com– U.S. stock index futures rose slightly in evening deals on Tuesday, as Wall Street appeared to be steadying after fears of higher-for-longer interest rates sparked a series of steep losses.
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.