{ }
Nestlé's new CEO, Laurent Freixe, is implementing a corporate restructuring plan that has yet to gain the confidence of the stock market, despite its sensible approach. The company's shares have plummeted nearly 40% over the past three years, raising concerns among Swiss investors, as Nestlé is a significant component of many pension fund portfolios.
Acurx Pharmaceuticals' board has approved the purchase of up to $1 million in bitcoin as a treasury reserve asset, following MicroStrategy's strategy. CEO David P. Luci emphasized bitcoin's limited supply and inflation-resistant qualities, asserting it will not affect the company's drug development plans. This move reflects a growing trend among corporations to adopt bitcoin, with the cryptocurrency trading at all-time highs and expected to gain further traction in the coming years.
A bearish options trade has emerged on Apple as the stock struggles to maintain its performance compared to the broader market. This trend highlights concerns among investors regarding Apple's ability to keep pace amid market fluctuations.
Kovai Medical Center & Hospital reported strong financial results for Q3 2024, achieving a 'Buy' call from MarketsMOJO. The company demonstrated significant growth with a 29.52% increase in profit after tax and the highest net sales in five quarters at Rs 343.99 crore, alongside a robust operating cash flow of Rs 344.13 crore. With a commitment to shareholder returns, Kovai Medical has consistently distributed higher dividends, reflecting its positive outlook and strong financial management.
Oppenheimer has revealed its top stock picks as the year-end approaches, highlighting strategic investments for potential growth. Investors are encouraged to consider these selections as they navigate the market landscape in the coming weeks.
Belrise Industries, an automotive component manufacturer based in Pune, plans to raise Rs 2,150 crore through an initial public offering (IPO) aimed at reducing its debt burden of Rs 1,618.08 crore, which constitutes 62.52% of its total borrowings. The IPO will consist solely of a fresh issue, with no offer-for-sale component, and the company may also consider a pre-IPO placement of Rs 430 crore to further reduce the fresh issue amount. The remaining funds will be allocated for general corporate purposes.
Bitcoin surged to a record high above $94,000, driven by investor optimism surrounding President-elect Donald Trump"s transition and the launch of bitcoin ETF options trading. The cryptocurrency reached $94,686.79, with significant gains seen in related stocks like Coinbase and MicroStrategy. Traders are closely monitoring Trump"s appointments for key financial positions, anticipating a more favorable regulatory environment for cryptocurrencies.
Target"s stock plummeted over 15% after missing quarterly earnings and cutting guidance, reflecting cautious consumer spending. In contrast, Walmart exceeded expectations and raised its outlook, prompting analysts to increase price targets, while TJX Companies saw a nearly 3% drop due to lower fiscal guidance despite better-than-expected third-quarter results.
Goldman Sachs anticipates that Nvidia will exceed expectations, a sentiment echoed by the options market. This bullish outlook suggests strong confidence in Nvidia"s upcoming performance.
The market experienced a slight recovery with a 0.3 percent gain after a seven-day decline, but the Nifty failed to close above the 200-day EMA for the third consecutive session. A Gravestone Doji pattern indicates caution, with 23,800 acting as a significant resistance level. Experts suggest that a drop towards 23,200 remains possible if the index stays below the 200-day EMA.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.