André Thierig, plant manager of the Tesla Gigafactory Berlin-Brandenburg, stands at the final inspection of the production of Tesla Model Y electric vehicles. Patrick Pleul | Picture Alliance | Getty ImagesTesla plans to release fourth-quarter results after the bell on Wednesday.Here’s what analysts are expecting, based on an average of estimates compiled by LSEG:Earnings per share: 76 centsRevenue: $27.26 billionTesla’s earnings report follows a steep rally in the company’s stock price tied to the election of President Donald Trump. Tesla CEO Elon Musk was the biggest backer of Trump’s campaign efforts and is now leading the president’s new government efficiency advisory board.The electric vehicle…
Author: usaeverydaylife
Chubb CEO Evan GreenbergScott Mlyn | CNBCCalifornia is a tough market for insurers — and growing more so, according to Chubb CEO Evan Greenberg.The executive has long proclaimed that Chubb won’t write insurance where it can’t get a reasonable return for taking on risk. And it’s that approach that helped it report strong 2024 results.”We had a great quarter, which contributed to an outstanding year. In fact, the best in our company’s history,” Greenberg told analysts on the company’s fourth-quarter earnings call.Chubb shares are trading 3% higher on Tuesday. The stock has risen 13% over the past year, but has…
Check out the companies making headlines in midday trading. F5 — Shares jumped more than 11% after the application security company posted better-than-expected guidance for the fiscal second quarter. F5 said to expect revenue to come in between $705 million and $725 million, beating the consensus forecast of $702.7 million from analysts polled by FactSet. Nextracker — Shares surged nearly 23% following a stronger-than-expected full-year earnings outlook. The solar tracker manufacturer forecast full-year adjusted earnings in the range of $3.75 to $3.95 per share, while analysts polled by FactSet forecast $3.27 per share. The company’s prior estimate called for $3.10 to…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is slated to report fourth-quarter earnings on Wednesday after the close of regular trading.Here is what analysts polled by LSEG are expecting:Earnings per share: $6.77Revenue: $47.03 billionMeta shares are up about 14% since Oct. 30, when the social networking giant reported third-quarter earnings and said it would raise the low end of its 2024 capital expenditures guidance from $37 billion to $38 billion. At the time, the company’s shares dipped slightly in after-hours trading, indicating…
Australian Open champion Madison Keys is no longer able to play at a WTA tournament in the U.S. in February, after her success in Melbourne made her too highly ranked to enter.Keys, who rose to world No. 7 after winning her first Grand Slam title, had entered the WTA 250-level ATX Open in Austin, Tex., which begins February 24. The American entered the tournament as world No. 21, with fellow American Jessica Pegula entering as world No. 6.But under WTA rules, 250-level tournaments (the lowest level on the main tour) are only permitted to feature one top-10 player in the…
Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa, Ontario, Canada, on Wednesday, Sept. 4, 2024. David Kawai | Bloomberg | Getty ImagesThe Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage.U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday. Canada sends 75% of all goods and services exports to the United States.”A long-lasting and broad-based trade conflict would badly…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks were mixed Wednesday ahead of the Federal Reserve’s interest rate decision in the afternoon. The S & P 500 and Nasdaq slipped, while the Dow ticked slightly higher. “We may hear that rate cuts are not as visible,” Jim Cramer said. “[But] the fact that we don’t have rate cuts yet doesn’t mean that the Fed is against us. Those who think that are short-sighted.” Wall Street is also still digesting market…
Back in December, I laid out a bullish thesis on Dexcom (DXCM) where we sold a Jan $80 Put for $4.50. Those options have expired worthless, and we collected 100% of the maximum gain and the stock has recently broken out above its trading range, I see a new opportunity to seek further upside exposure. After successfully capturing the premium from our January $80 puts, I’m now rolling those gains into a call spread while taking on no additional risk. DXCM remains well-positioned in the continuous glucose monitoring (CGM) market, where it continues to fend off competition and expand its…
Several Wall Street firms agree: Amazon has the strongest setup among the megacap tech companies heading into earnings season. Will the e-commerce and cloud giant live up to the hype? Roth MKM, Barclays, and Cantor Fitzgerald all doubled down on Amazon, naming it their top pick among the Magnificent Seven tech giants set to report in the coming weeks. Analysts cited Amazon’s steady e-commerce growth, rising advertising profits, cost-cutting efforts, and a booming Amazon Web Service cloud business driven by artificial intelligence as key reasons for their convictions. “We like Amazon most heading into Q4 earnings as growth is steady,…
Walt Nauta, personal aide to former U.S. President Donald Trump who faces charges of being Trump’s co-conspirator in the alleged mishandling of classified documents, walks with Trump during a LIV Golf Pro-Am golf tournament at the Trump National Golf Club in Sterling, Virginia, U.S. May 25, 2023. Jonathan Ernst | ReutersThe Department of Justice on Wednesday ends its attempt to prosecute two men for their alleged efforts to help their former co-defendant President Donald Trump hide classified government documents from officials seeking their recovery.The DOJ, in a court filing, asked to voluntarily dismiss an appeal that sought to revive its criminal…
