Category: Market News
Shares of Woodward Inc. WWD, +0.09% plunged 7.43% in extended trading on Monday after the aircraft component maker lowered its full-year guidance. The company’s stock closed Monday’s session up 0.09% at $104.79. Woodward reported fiscal third-quarter net income of $39 million, or 64 cents a share, compared to net income of $49 million, or 74 […]
U.S. stocks finished lower Monday, kicking off August on a downbeat note, after a strong July rally carried the main equity benchmarks to their best month of gains in almost two years. The Dow Jones Industrial Average DJIA, -0.14% shed about 45 points, or 0.1%, to end the session near 32,799. The S&P 500 index […]
Shares of First Solar Inc. FSLR, +1.41% climbed 1.3% toward an eight-month high in afternoon trading Monday, after BofA Securities analyst Julien Dumoulin-Smith backed away from his bearish stance on the solar power systems company, citing upbeat policy developments and pricing potential. Dumoulin-Smith raised his rating to neutral from underperform, and boosted his stock price […]
Wolfe Research analyst Joshua Tilton initiated coverage of Palo Alto Networks Inc. shares PANW, +1.73% with an outperform rating and $700 price target Monday, writing that while investors seem to view Palo Alto Networks as a place to “hide out” in the current market, they don’t appropriately recognize the value and upside potential of its […]
Black Knight Inc. BKI, -0.84% said Monday that year-over-year home price growth in June dropped by nearly two percentage points, which the data analytics company said was the “greatest single-month slowdown on record” since at least the early 1970s. Black Knight said the slowdown to 17.3% annual home price growth in June from 19.3% was […]
Shares of Boeing Co. BA, +0.14% ran up 4.7% early Monday, to pace the Dow Jones Industrial Average’s DJIA, +0.97% premarket gainers, after the aerospace and defense giant reportedly cleared a hurdle with the Federal Aviation Administration (FAA) that could allow it to resume deliveries of its 787 airliner. The FAA said it would approve […]
The Biden administration has decided against offering COVID boosters to people under 50 for now, preferring to wait until retooled Pfizer PFE, -0.41% and Moderna MRNA, +3.81% shots become available in September that could perform better against the omicron BA.5 subvariant, the New York Times reported Thursday. The reasoning is that it’ll be worth it […]
Shares of Chevron Corp. CVX, +8.90% shot up 3.5% in premarket trading Friday, after the oil giant reported second-quarter profit that more than tripled and revenue that rose more than 80% to blow past expectations, boosted by a surge in oil and natural gas prices and U.S. dollar strength. Net income rose to $11.62 billion, […]
Colgate-Palmolive Co. CL, -0.57% posted net income of $603 million, or 72 cents a share, for the second quarter, down from $703 million, or 83 cents a share, in the year-earlier period. Adjusted per-share earnings also came to 72 cents, a penny ahead of the 71 cent FactSet consensus. Sales rose to $4.484 billion from […]
Procter & Gamble Co. PG, -6.18% shares fell 3.7% in Friday premarket trading after it reported fiscal fourth-quarter profit that missed expectations. The consumer goods giant posted net income of $3.052 billion, or $1.21 per share, up from $2.906 billion, or $1.13 per share, last year. Sales of $19.515 billion were up from $18.946 billion. […]