stockmarket
Eli Lilly and Company announced on Tuesday that the National Medical Products Administration (NMPA) in China has approved the distribution of its injection Mufenda. This injection is designed to treat diabetes, improve blood sugar control, and aid in weight loss for adults with type 2 diabetes. The approval marks a significant milestone for Eli Lilly as it aims to expand its footprint in the giant Asian market. Addressing China’s diabetes challengeChina faces a significant challenge with diabetes, with a large portion of its population affected by the condition. The Healthy China 2030 plan out...
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Starwood Property Trust (NYSE: STWD) stock price has underperformed the broader market as concerns about its income and high interest rates continue. Its total return has dropped by 0.50% this year while the S&P 500 index has jumped by 11.30%. Starwood Property TrustStarwood Property Trust is a leading REIT that originates, acquires, finances, and manages mortgage loans in the US, Europe, and Australia. It has four key segments, including commercial and residential lending, infrastructure lending, real estate property, and real estate investing and servicing. Starwood Property Trust has come i...
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It’s another bad week for Chinese electric vehicle companies like Li Auto (LI), XPeng (XPEV), Nio (NIO), and Lotus Technology (LOT) as signs show that the industry is deteriorating with no end in sight. Last week, the biggest news was the decision by Joe Biden to levy tariffs on Chinese companies in a bid to protect the domestic industry. Of course, these tariffs will likely not work out as most companies will simply move their manufacturing plants to Mexico. The European Commission is also considering additional tariffs for these companies, a move that will attract retaliation from Beijing. R...
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The stock market is dynamic and ever-changing, with various companies playing pivotal roles in its fluctuations. One such company that has been making waves recently is NVIDIA, a multinational technology company known for its graphics processing units (GPUs) for the gaming and professional markets. This week is particularly significant for the stock market as NVIDIA is set to report its earnings on Wednesday. This event is expected to influence market movements significantly. In this article, we’ll delve into three crucial aspects you need to know about NVIDIA’s impact on the stock market and ...
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Nvidia and Supermicro have been all the rage in financial markets this year. But if neither of the two are suitable for the limited capital you have to invest or if you think it’s already too late to build a position in them, here are the top three utility stocks which could be the next big winners. NextEra Energy Inc (NYSE: NEE)NextEra Energy is a great pick if you’re interested in environment-friendly utility stocks. Shares of the energy company are worth investing as it owns Florida Power & Light Company that currently supports over 11 million residents across that state. $NEE operates seve...
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Hims & Hers Health (NYSE: HIMS) stock price is doing well, helped by its strong growth and demand for its core products. It soared by over 30% this year and by more than 112% this year. It has also surged by over 37% in the past 12 months, giving it a market cap of $3.13 billion. Growth is gaining momentumHims & Hers Health’s business is doing well. Data released this month revealed that its total revenue soared by 46% in Q1 to over $278 million as its subscribers roared by 41% to 1.7 million. This performance makes it one of the fastest growing companies in the US. The company’s gross margin ...
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Cruise stocks are in the green at writing after Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) talked of “very strong demand” at its investor conference on Monday. Norwegian Cruise Line raised full year outlookNorwegian raised its profit guidance for the full year and laid out a three-year plan aimed at increasing shareholder returns at its investor day. The cruise lines operator is calling that strategy “Charting the Course”. $NCLH cited “record bookings” and said it now expects to earn $1.42 per share on an adjusted basis this year. Analysts, in comparison, were at $1.36 a share. The cruise...
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Shares of Tesla Inc. (NASDAQ:TSLA) are currently trading near $178, reflecting a significant dip from its all-time high of over $400. However, this price is a recovery from its January 2023 low of around $100. While Tesla’s stock performance has been a roller coaster over the past few years, recent earnings and news has made it even more volatile. On Monday, Indonesia’s coordinating minister of investment announced that Elon Musk is considering an offer to build an electric vehicle (EV) battery plant in Indonesia. This potential investment aligns with Indonesia’s strategic push to leverage its...
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GT Biopharma Inc (NASDAQ: GTBP) is up a whopping 150% at writing even though there hasn’t been any news to catalyse that sort of a rally in shares of the clinical-stage biopharmaceutical company. GT Biopharma stock trading volume today$GTBP did not publish a press release or file with the Securities & Exchange Commission on Monday. None of the Wall Street analysts issued a bullish note on it either. Still, more than 20 million shares of the Nasdaq-listed firm have exchanged hands today as of writing. The daily trading volume is up massively from about 10,000 only on average. The massive rally ...
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This morning, airline company Ryanair Holdings PLC announced their full year results for FY 2024. Record-breaking profits The Irish company reported a 34% rise in profits after tax to €1.92 billion as the carrier saw an increase in customers to 183.7 million fliers in the year, a 9% increase as compared with 2023. This is the highest level of profit ever recorded for the airline company. Revenues also increased by a significant 25% to €13.44 billion. Rising costs This was in spite of Ryanair’s fuel bill rising by about €1.25 billion, roughly 32%, to a total of €5.14 billion for fuel costs. On ...
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