stockmarket
Deutsche Bank (NYSE: DB) has made significant progress in settling its longstanding dispute regarding the Postbank acquisition. The progress has sparked optimism among the shareholders as the company can now not only put the issue behind it but also free up the money that was reserved for settling the lawsuit. The lawsuit has been a significant legal overhang that has weighed on the company’s financial performance and dividend prospects. However, it has now reached agreements with nearly 60% of the plaintiffs, making further processes easier for the company. How will it help Deutsche Bank’s Q3...
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While Eli Lilly & Co (NYSE: LLY) has captured the spotlight in 2024 due to the soaring demand for its weight-loss drug, investors may want to turn their attention to another pharmaceutical giant: Johnson & Johnson (NYSE: JNJ). With its undervalued stock, robust pipeline, and industry-leading sales, Johnson & Johnson is poised to be a strong contender for joining the exclusive trillion-dollar club over the next decade. Eli Lilly has become a favorite among investors, driven by its dominance in the obesity market—a sector expected to grow at a compound annual growth rate (CAGR) of 43.73% over th...
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EPAM Systems Inc. (NYSE: EPAM), a global leader in digital engineering and consulting services, has had a tough year, with its stock plummeting 32% year-to-date. This significant decline has drawn the attention of analysts, including Deutsche Bank, which initiated coverage of the company on August 22, 2024, with a Hold rating and a price target of $204, reflecting a modest potential upside of only 2% from its current trading price of $200.10. This cautious outlook is driven by a mix of growth opportunities and significant operational headwinds that have emerged in the wake of the geopolitical ...
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Peloton Interactive Inc (NASDAQ: PTON) jumped 10% in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter, indicating that the embattled connected fitness company may finally be starting to get hold of its long-standing struggles under the interim CEO. The exercise equipment maker reported 8 cents of per-share loss on $643.6 million in revenue for Q4. Analysts, in comparison, were at 17 cents a share and $628.47 million, respectively. The topline, however, remained roughly unchanged on a year-over-year basis. Financial distress has weighed significantly...
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SoFi Technology (SOFI) stock has become a fallen angel despite its strong growth metrics and positioning at the intersection of finance and technology. Although it has risen by over 75% from its lowest point in 2023, it remains 74% below the highest point in 2021 as fintech stocks surged. Strong growth and narrowing lossesSoFi Technology is one of the fastest-growing companies in the fintech industry and its financials demonstrate this. Its annual revenue has jumped from over $565 million in 2020 to over $2 billion in the last financial year. Its trailing twelve months (TTM) revenue has soared...
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Zomato has agreed to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the “going-out” sector. Meanwhile, Paytm, facing challenges, intends to concentrate on its core financial services. On Thursday, One97 Communications- the listed stock of Paytm’s parent company One97 Communications gained more than 5% in its share price on the back of the news, however at 12:27 pm it was trading at 1% below yesterday’s close. Zomato opened 1.5% higher than yesterday’s close but at 12:27 pm it was in the red ...
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Archer Aviation (NYSE: ACHR) stock price has remained under pressure this year as it continued to underperform the broader market. It has slipped by over 34% in 2024 while the Nasdaq 100 and S&P 500 indices have risen by over 17%. Other flying car stocks like Joby Aviation have also retreated this year. Archer Aviation has made progressArcher Aviation, one of the biggest eVTOL or flying car companies, has made a lot of progress as it works to launch and commercialize its projects in 2026. In addition to significant testing, the firm has received important certification by US regulators. The fi...
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The Tata Steel share price is stuck in a correction phase after falling by over 15% from its highest point this year. It was trading at ₹153.85 on Thursday, up by about 8% from its lowest point this month. Tata Steel stock has done better than rivalsSteel stocks are not doing well this year as the industry goes through a major challenge. As shown above, only Tata Steel stock has risen this year, with the others like ArcelorMittal, JFE Holdings, Nucor, and Posco Holdings being in the red. This trend is happening as signs emerge that the global economy is slowing. China, the second-biggest econo...
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Indian stocks are doing well this year even as the rupee sits at a record low. The USD/INR exchange rate has moved to 83.93, 32% above its lowest point in 2018. The Nifty 50 and BSE Sensex indices have continued soaring and were nearing their all-time high. The BSE Sensex has risen for three consecutive weeks and was trading at ₹80,905, close to its all-time high of ₹81,998. Similarly, the Nifty 50 index has risen to ₹24,817, near its all-time high of ₹25,105. It has soared by more than 230% from its lowest point in 2020. This article looks at some of the most active stocks in India like Yes B...
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Harley-Davidson (NYSE: HOG), the storied American motorcycle manufacturer, has recently faced intense scrutiny over its diversity, equity, and inclusion (DEI) policies. The company’s decision to reevaluate these policies comes in response to significant backlash from activist filmmaker Robby Starbuck and other critics, who argue that the company’s DEI stance alienates its core customer base. The pressure on Harley-Davidson intensified after Starbuck accused the company of pushing a ‘woke’ agenda that, in his view, did not align with the values of its traditional customer demographic. This crit...
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