McDonald’s Q4 results showed mixed performance, with revenue slightly below expectations and adjusted earnings per share reaching $2.80. Global same-store sales saw a modest 0.4% increase, but US same-store sales fell 1.4% year over year due to an E. coli outbreak. CEO Chris Kempczinski acknowledged the need for swift action …
Read More »American Express Exceeds Expectations With Strong Q4 Results
American Express reported fourth-quarter financial results that largely met market expectations. The company achieved earnings per share (EPS) of $3.04, slightly surpassing the consensus estimate, while total revenue aligned with analyst projections at $17.18 billion. Notably, billed business reached a record high of $408.4 billion, reflecting a robust 8% year-over-year …
Read More »Netflix Soars to New Highs on Record Subscriber Growth
Netflix shares surged to a new all-time high on Wednesday, driven by a strong fourth-quarter earnings report that significantly exceeded market expectations. The streaming giant added a record 18.9 million subscribers, boosting revenue and earnings well above analyst forecasts.This impressive performance ignited a wave of optimism among investors, leading to …
Read More »EUR/USD falls as attention shifts to EU, US inflation data
The EUR/USD pair has fallen for the second consecutive day against the US dollar as investors assess recent data from the US, revealing the economy remains strong. The US Bureau of Economic Analysis reported the second estimate of GDP for the last quarter of 2023, coming a tenth lower at …
Read More »Financial Markets Recap: Gold, stocks take the lead as Fed awaits US inflation data
Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …
Read More »PepsiCo earnings top estimates, but Q4 revenue slides for the first time in 4 years
PepsiCo reported mixed quarterly results as North American demand for its food and drinks weakened. CEO Ramon Laguarta said that U.S. sales broadly slowed down in the fourth quarter, partly due to pricing and consumers’ disposable income situation. US consumers are also shifting their behavior from eating and drinking at …
Read More »Disney Surpasses Expectations with Strong Earnings, Announces Dividend Increase
Disney (DIS) delivered robust fiscal first-quarter earnings on Wednesday, outperforming analyst expectations and announcing a significant boost in its cash dividend. The company’s streaming losses narrowed, further buoying investor confidence. Earnings Beat and Fiscal Outlook Adjusted earnings per share stood at $1.22, surpassing analyst estimates of $0.99, as polled by …
Read More »Caterpillar stock on track for record high on higher than expected earnings
Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Caterpillar shares were on pace to close at a record high after the excavator and bulldozer builder reported a fourth-quarter profit that …
Read More »What could January’s NFP Data bring about in financial markets?
The US Bureau of Labour Statistics will release its jobs report for January on Friday, February 2, and economists and researchers predict a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 recorded in December. Investors’ focus now shifts to Friday’s nonfarm payrolls for further clarity on the future of …
Read More »Wall Street struggles to recover from post FOMC sell-off
The Dow Jones Industrial Average rose Thursday following a dismal day for the major averages after the Federal Reserve held steady on rates but signaled that a March cut is unlikely.The 30-stock Dow added market index climbed 211 points, or 0.5%, while S&P 500 added 0.7%. The Nasdaq Composite gained …
Read More »