Philip Morris International cut its annual profit guidance for the third time, citing the impact of a stronger U.S. dollar and plans to increase spending on its Zyn nicotine pouch brand, despite reporting second-quarter earnings that beat estimates.
Shares of the eVTOL developer gained after it signed a definitive agreement with Virgin Atlantic to become its exclusive UK airline partner, planning to launch services from London and Manchester.
Dell, Super Micro Computer, and Hewlett Packard Enterprise are all rallying on the AI server boom, but a closer look at their fundamentals, valuations, and risks reveals three distinct investment profiles for those seeking exposure to the sector.
Canadian stock futures saw modest gains Wednesday, though investors remain cautious ahead of key U.S. tech earnings and amid rising oil prices fueled by escalating U.S.-Iran conflict.
J.P. Morgan analysts have placed Campari and The Magnum Ice Cream Company on a "Positive Catalyst Watch," citing weather-driven sales upside, while flagging potential guidance risks for Beiersdorf ahead of first-half earnings.
Bernstein began coverage of the buy-now-pay-later firm with a bullish outlook, citing strong growth forecasts, the success of the Affirm Card, and a large, underpenetrated market.
The U.S. Senate Commerce Committee is set to vote on a bipartisan bill that would ban sales from automakers with over 15% Chinese ownership, a move that could affect global carmakers like Mercedes-Benz.
Shares of Swatch Group extended their decline after the watchmaker's first-half profits were eroded by the strong Swiss franc, overshadowing robust underlying sales and leading to a wave of analyst price target reductions.
Shares of Siemens Energy dropped sharply after its U.S. competitor, GE Vernova, issued a full-year revenue forecast that failed to meet investor expectations, sparking sector-wide concerns despite a quarterly revenue beat.
