US Stock Reports, Quotes and News
(Reuters) – Snap-On missed Wall Street estimates for first-quarter sales on Thursday, as vehicle service and repair technicians bought fewer tools and equipment made by the company, offsetting steady demand for its products from auto dealerships.
In their latest note on the US e-commerce sector, Morgan Stanley analysts said they double upgraded eBay (NASDAQ:EBAY) to Overweight from Underweight and demoted Etsy (NASDAQ:ETSY) to Underweight from Equal Weight, citing “growth convergence.”
On Thursday, Needham & Company reaffirmed its buy rating on Amazon (NASDAQ:AMZN) and maintained its price target on the stock at $205. The firm has increased its profit estimates for the e-commerce giant for fiscal year 2024 (FY24), citing a shareholder letter from CEO Andy Jassy, which indicated a focus on cost-cutting measures in Amazon\’s inbound fulfillment and inventory placement.
(Reuters) – Workers at a Mercedes Benz (ETR:MBGn) factory in Vance, Alabama will vote between May 13 and May 17 on whether to join the United Auto Workers union, the National Labor Relations Board (NLRB) said on Thursday.
In the dynamic realm of India\’s automotive industry, two formidable titans, Maruti (NS:MRTI) and Hyundai (OTC:HYMTF), reign supreme. A recent report by Bernstein showcased their journey through the ever-evolving landscape of passenger vehicles (PVs) that embodies a saga of innovation, competition, and adaptation.
Investing.com– Taiwan Semiconductor Manufacturing Corp (TW:2330) (NYSE:TSM), or TSMC, clocked a stronger-than-expected first-quarter profit on Wednesday as the world’s largest contract chipmaker benefited from increased demand in the rapidly-growing artificial intelligence industry.
By Josh Ye, David Kirton and Brenda Goh
Investing.com — CSX reaffirmed its full-year outlook on Wednesday after first-quarter results topped analysts\’ estimates even as the railroad company experienced a drop in profit amid lower margins.
(Reuters) – Omnicom Group (NYSE:OMC) beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by solid demand for its advertising services amid major political and sports events.
(Reuters) – U.S. trucking firm JB Hunt (NASDAQ:JBHT) Transport Services missed Wall Street estimates for first-quarter results on Tuesday, hurt by a decline in revenue in its biggest segment and pricing pressures at its brokerage business.
In the wake of a recent pullback, AMD (NASDAQ:AMD) stock is receiving a shot in the arm from HSBC\’s bullish upgrade. This upgrade comes after a period of decline for AMD, which investors will be hoping signals a turn-around for the chipmaker.