Shell Plc (SHEL) announced that it’s anticipating up to a $1.5 billion to $2 billion tax impairment for having to halt its Netherlands biofuels production facility. The divestment of its chemicals refinery in Singapore will play a part in the impairment as well. The Netherlands site could generate as much as 820K metric tons [...]
The first quarter of 2024 was brutal for Tesla (TSLA). The company had nothing but bad news to report - from price cuts to layoffs to recalls. But, TSLA investors finally have something to be excited about. The EV manufacturer teased its Q2 results yesterday, which are set to be fully disclosed on July [...]
All eyes are on Volkswagen and Rivian right now, as just last week the two automakers teamed up to create an EV-focused joint venture. Volkswagen will gain access to Rivian’s EV technology and a heap of Rivian stock (RIVN) in exchange for up to a $5 billion investment. Shares of RIVN are up 30% [...]
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at [...]
Shares of Walgreens Boots Alliance (WBA) are down 22% this week after taking a nosedive Thursday on the heels of a disappointing Q3 performance coupled with a downtrodden outlook. This is the lowest we’ve seen the stock in 27 years, and we don’t see light at the end of the tunnel. The company’s fiscal [...]
Micron Tech (MU) reported its fiscal Q3 earnings results alongside a forecast for the final quarter of the fiscal year, and shares slid 6% as investors were expecting more. Revenue came in at $6.81 billion for the quarter, which was a whopping 81% improvement year over year. Analysts were expecting $6.61 billion. Meanwhile, earnings [...]
It had been a tough past few months for FedEX (FDX) investors, who watched their positions plummet 14%. But shares have recovered all that and more today after the delivery company released positive 4th quarter results for fiscal 2024. Earnings came in at $5.94 per share, which was ahead of the analyst expectation of [...]
Goldman Sachs analyst James Schneider helped send shares of International Business Machines (IBM) higher Monday with a bullish outlook on the company for the road ahead. He set a price target at $200 and says it’s time to buy this stock, which currently sits at $173. Schneider is bullish on the IT services segment [...]
The 50-for-1 stock split of Chipotle Mexican Grill (CMG) is scheduled to go live tomorrow (Tuesday, 6/25) after the market closes. As one of the largest stock splits in the history of the NYSE, all eyes are on the stock as the clock ticks down. Those who are new to the concept of stock [...]
Sarepta Therapeutics (SRPT) announced late Thursday it had gained FDA approval for its treatment designed to target a rare genetic disease known as Duchenne muscular dystrophy (DMD). This condition causes progressive weakness, predominantly in boys, and is caused by a lack of key protein dystrophin. It has no known cure at this time. The [...]
