The Justice Department's push to break up Google could significantly impact its vast empire, particularly its ad-driven search engine, which generated $175 billion in 2023. Proposed limitations may affect Google's connections with YouTube and its digital ads business, potentially altering the tech landscape. Legal experts suggest that while the DOJ's requests are ambitious, the likelihood of the court ordering divestitures remains slim.
Mirae Asset Financial Group has completed the acquisition of Sharekhan, reinforcing its strategy to expand in India's retail brokerage market. Hyeon-Joo Park, the founder and global strategy officer, emphasized that this move highlights Mirae Asset's commitment to India as a vital growth market.
Take-Two Interactive Software (NASDAQ: TTWO) holds a "Moderate Buy" rating with a consensus price target of $191.75. Recently, Director Laverne Evans Srinivasan sold 2,000 shares, reducing ownership by 17.11%. UBS AM increased its stake by 10.9%, owning 4.24 million shares valued at $651.8 million. The stock has a market cap of $32.59 billion, with a 52-week range of $135.24 to $190.43.
15:11 28.11.2024
RTX Co. reported a quarterly earnings per share of $1.45, exceeding estimates, with a 6% revenue increase year-over-year to $20.09 billion. The company announced a quarterly dividend of $0.63, yielding 2.09%, and has a payout ratio of 72%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $177.27.
15:11 28.11.2024
Korean shipbuilders are poised for a robust decade of new ship demand, with forecasts indicating a total addressable market of 599 million dwt by 2030 and 954 million dwt by 2035, driven by an aging fleet and geopolitical factors. Despite potential downturns in 2027-28 due to capacity additions, strong order momentum and rising ship prices are expected to yield above-normal returns, with operating profit margins projected to peak at 13.7% in 2028. The sector's longevity and adherence to new regulations will be crucial for maintaining share price performance.
15:09 28.11.2024
India's economic momentum shows signs of recovery after a weak September, with October indicators reflecting growth in retail sales, GST collections, and industrial output. Despite potential trade tariff impacts and global uncertainties, macro stability risks remain manageable, with inflation expected to decelerate and fiscal deficits narrowing. India's GDP growth is projected at 6.5% YoY through FY26-28, positioning it as the world's third-largest economy by 2027, driven by manufacturing, services exports, and digitalization.
15:09 28.11.2024
UBS's recent findings reveal that Chinese consumers prioritize dining and daily necessities for increased spending if incomes rise, while leisure travel remains a lower priority for those with less income. Despite signs of stabilization in home sales, a focus on value for money persists, favoring domestic brands. Key trends include a growing interest in services, experiences, and health and wellness among consumers.
15:09 28.11.2024
Wells Fargo raised its price target on McDonald's from $285 to $350, maintaining an "overweight" rating, while Loop Capital reiterated a "buy" rating. McDonald's stock recently traded at $295.08, with a 50-day moving average of $299.96 and a market cap of $211.46 billion. The company reported a quarterly EPS of $3.23, exceeding estimates, and declared a dividend of $1.77 per share, reflecting a 2.40% yield.
15:02 28.11.2024
UBS Group AG (NYSE:UBS) reported a 3rd quarter EPS of $0.43, surpassing estimates of $0.28, with revenues of $19.31 billion. Despite a "Hold" rating from analysts, three have upgraded it to "Buy," while UBS Asset Management cut its holdings by 14.9%. The stock has a market cap of $100.47 billion and a current price of $31.34.
15:02 28.11.2024
Salesforce (NYSE:CRM) reported Q2 earnings of $2.56 per share, surpassing estimates, with revenue of $9.33 billion, up 8.5% year-over-year. The company declared a quarterly dividend of $0.40 per share, yielding 0.48%, and insiders sold a total of 144,510 shares recently. Analysts maintain a "Moderate Buy" rating with a consensus target price of $341.89.
15:02 28.11.2024
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