Apr 24, 2024 (MENAFN via COMTEX) --
(MENAFN - Baystreet) Stocks To Avoid Wednesday: LKQ, Nucor, MSCI, and More
Mid-Week Trades: Tesla, Global Life, and GE Aerospace
Stocks to Buy: Elevance, Blackstone, P&G, ASML, and TSM
HSBC Opens New Wealth Centre at Hudson Yards
This is Why Gold Could Rally All the Way to $3,000 Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Wednesday, April 24, 2024
Today's Stock News: Enphase, Visa, Chubb, and Seagate
After posting quarterly results yesterday, investors have a chance to digest four companies today.
Enphase Energy (ENPH) is out of favor as investors sell clean energy-related companies. The company lost $16.1 million a share in Q1, compared to a $146.9 million profit. The nearly two-thirds decline in revenue Y/Y is highly disappointing.
Credit card giant Visa (V) has a good chance of revisiting the $290.96 high. IT closed at $274.11 on Tuesday, after posting revenue growth in Q2. It earned $2.41 a share. Expenses for the year will only grow in the low double-digit percentage.
Insurance firm Chubb (CB) posted net premiums growing to $11.58 billion, up by 14.2% Y/Y. Share slumped last night despite an increase in life insurance net premiums (+26.3%) and commercial insurance (+11.1%). Expect CB stock to trend higher as the firm benefits from pricing power.
In the tech sector, Seagate (STX) might recover to the $90 - $101 level. It reported Q2 revenue falling by 10.8% Y/Y to $1.66 billion. The storage firm is not an appealing investment today. Markets prefer to buy chip suppliers that benefit from the AI boom. This includes Micron Technology (MU) for HBM (high-speed memory) and GPU chip suppliers like Nvidia (NVDA) or AMD.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN24042024000212011056ID1108132349
COMTEX_451368440/2604/2024-04-24T19:43:06
