US firearms maker Smith & Wesson $SWBI+1.1% has released earnings results for the first quarter of fiscal year 2024.

Results

Adjusted operating profit was $8.27 million.
Adjusted EBITDA was $17.5 million and gross margin was 26.6%. The Company achieved an EBITDA profit of USD 15.7 million in the same period last year. USD.

Dividend

The Board of Directors approved a quarterly dividend of $0.12 per share. It will be paid to shareholders on October 5, 2023.

A word from the CEO

CEO… read more

According to Morgan Stanley, this stock is a top pick in the clean energy market that could nearly double

According to Morgan Stanley, Bloom Energy Corp. $BE-1.5% some promising opportunities.

The bank called this stock a top pick and reiterated its "overweight" recommendation on the stock. It also maintained a $29 price target, meaning the stock could jump 92% from where it closed on Tuesday.

According to analyst Andrew Percoco, Bloom Energy is "our top pick in cleantech and a… read more

The dollar held near a six-month high as nervousness about China and global growth affected risk appetite, while the yen strengthened as Japan's top diplomat sent a warning about the currency after it earlier fell to a 10-month low.

The yen strengthened as much as 0.4 percent to 147.02 per U.S. dollar after Japan's chief currency diplomat Masato Kanda said he wouldn't rule out the possibility if speculative moves persist, the strongest warning since mid-August.

The Asian… read more

ARM HOLDINGS is gearing up for a spectacular initial public offering to test the market's interest in a major technology company. But its target valuation suggests it is resigned to not being the next Nvidia.

According to The Wall Street Journal, citing people familiar with the matter, British chipmaker Arm is seeking a valuation for its initial share offering on the Nasdaq stock exchange in the range of $50 billion to $55 billion.

Arm declined to comment when contacted by… read more

The dollar fell on Monday, when U.S. markets were closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets that the Federal Reserve could be nearing the end of its monetary tightening cycle.

Against a basket of currencies, the dollar fell 0.1% to 104.14, but remained near a two-month high of 104.44 reached on Aug. 25. The index gained 1.7% in August, snapping its two-month losing streak.

Friday's data showed that U.S. job growth… read more

This week, investors' attention in the United States will be directed mainly to the Fed's Beige Book, the trade balance for July and the ISM in services. In Germany, for example, the CPI for August and industrial production for July will be published.

Trade balance in the US

On Wednesday, the trade balance for July will be available in the United States. The market is forecasting a deficit of USD 68 billion. The reason for the month-on-month increase in the balance deficit is… read more

Chipmaker Broadcom $AVGO+2.6% released 3Q results. Earnings came in above expectations, while revenue failed to surprise. Investors were disappointed by the 4Q outlook, expecting it to be higher due to AI.

Results

Semiconductor Solutions revenue was $6.94 billion, versus analyst estimates of $6.87 billion, and $6.62 billion a year ago.

Software infrastructure revenue was $1.94 billion, with consensus of $1.91 billion, up from $1.84 billion a year ago.

The company had adjusted… read more

The US labour market report will be released on Friday at 14:30. The report, released on the first Friday of every month by the U.S. Bureau of Labor Statistics, includes several exchange rate-forming macroeconomic data.

The most closely watched data is the change in jobs excluding agriculture. Other macroeconomic data tracked are the unemployment rate, the underemployment rate, average hourly earnings, and the average workweek in hours.

Job creation

Based on a temporary increase… read more

Best Buy $BBY-1.7%, the US electronics retailer, released its 2Q results. Comparable sales fell 6.2% from a year ago.

Results

Company-wide comparable sales fell 6.2%, compared to a 12.1% decline a year ago and analysts' estimates of a 6.38% decline.

U.S. sales declined 7.1% year over year, primarily due to lower comparable sales, which fell 6.3%. This is the lowest decline since early 2022, so it may be the first swallow in the company's turnaround. Home appliances, home… read more

The 3M $MMM-0.5% board approved a $6 billion (133.9 billion CZK) settlement to resolve claims that its earplugs caused hearing loss among veterans. With this approval, the company shut down analyst estimates that were higher than the final settlement amount.

People connected to the matter told The Wall Street Journal that the settlement will be paid over multiple years. Shares of 3M rose on Monday after the decision.

Hearing-damaging earplugs

3M produced earplugs that were… read more

California-based communications company Zoom reported results for the second quarter of fiscal year 2024. The results were above expectations and the company raised its outlook for fiscal year 2024. Analysts are positive on the results. Citi was expecting a stronger outlook and Piper Sandler is concerned about continued optimization and high competition.

2Q results

The company's revenue grew 3.6% year-over-year. Total revenue was comprised of revenue from corporate ($659.5… read more

Danish jewelry retailer Pandora reported 2Q 2023 results. Ebit and organic sales beat expectations and the company raised its organic sales guidance. The company also decided to expand its lab diamond sales into the US, UK and Canada.

2Q results

Organic sales grew by 5% against an estimate of 3.06%. Pandora achieved Ebitda of DKK 1.69bn against an estimate of DKK 1.7bn. Gross margin continued its upward trend and increased by 170 basis points to 78.1% year-on-year. EBIT margin… read more

Barclays has identified several European stocks that it believes could benefit from an environment of falling inflation.

Disinflation - the slowing rate of inflation - is particularly tricky for some companies because their profits are not growing in line with cost pressures.

Inflation in the eurozone fell to 5.3% in July from a peak of 10.6% in October 2022. With interest rates remaining elevated, inflation is expected to fall further towards the European Central Bank's 2%… read more

Investors are always looking to outperform the market and are looking for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have outperformed the impressive 250% gain of the S&P 500 index over the past decade.

Three stocks - Builders FirstSource $BLDR+0.7%, Live Nation Entertainment $LYV-0.3% and Domino's Pizza $DPZ+0.9% - have outperformed the S&P 500 Index over the past decade, and all have delivered at least a 15%… read more

Results

Disney $DIS-1.8% revenue increased 3.8% year-over-year. The company generates revenue from two segments, media and entertainment and parks, experiences and products

Media and Entertainment segment revenue decreased 0.8% year-over-year to $14 billion. Analysts were expecting USD 14.36 billion.

Parks, Experiences & Products segment revenue increased 13% year-over-year to $8.33 billion. Analysts were expecting USD 8.25 billion.

The media and entertainment segment is divided… read more