Ford profit miss
Ford Motor shares plunged 11% in extended trading after the company missed Wall Street’s second-quarter earnings expectations due to increased warranty costs. The automaker beat revenue estimates and raised its free cash flow target, but maintained its 2024 earnings guidance, disappointing investors. Ford reported adjusted earnings per share of 47 cents, falling short of the expected 68 cents, while automotive revenue reached $44.81 billion, surpassing...
Ford Motor shares plunged 11% in extended trading after the company missed Wall Street’s second-quarter earnings expectations due to increased warranty costs. The automaker beat revenue estimates and raised its free cash flow target, but maintained its 2024 earnings guidance, disappointing investors. Ford reported adjusted earnings per share of 47 cents, falling short of the expected 68 cents, while automotive revenue reached $44.81 billion, surpassing...
U.S. Stocks:
The Dow fell 1.25%, the S&P 500 dropped 2.31%, and the Nasdaq decreased by 3.64%.
Bonds:
The yield on the 10-year U.S. Treasury increased by 2.15 basis points to 4.2720%. The 2-year Treasury yield fell by 8.13 basis points to 4.4101%.
Commodities:
WTI September crude oil futures rose $0.63, or 0.82%, to $77.59 per barrel. Brent September crude oil futures increased by $0.70, or 0.86%, to $81.71 per barrel. Spot gold fell 0.49% to a daily low of $2396.84 per ounce. LME...
The Dow fell 1.25%, the S&P 500 dropped 2.31%, and the Nasdaq decreased by 3.64%.
Bonds:
The yield on the 10-year U.S. Treasury increased by 2.15 basis points to 4.2720%. The 2-year Treasury yield fell by 8.13 basis points to 4.4101%.
Commodities:
WTI September crude oil futures rose $0.63, or 0.82%, to $77.59 per barrel. Brent September crude oil futures increased by $0.70, or 0.86%, to $81.71 per barrel. Spot gold fell 0.49% to a daily low of $2396.84 per ounce. LME...
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When Warren Buffett first started, he focussed on finding “cheap” companies without paying too much attention on the quality of the business. He referred to this as cigar-butt investing. He likens this to finding a cigar butt that still has one or two puffs left.
I would put Bursa Malaysia Astino in the cigar-butt category. This steel roofing companies faced two headwinds over the past decade – soft property market and cyclical steel prices.
Nevertheless, it is a profita...
I would put Bursa Malaysia Astino in the cigar-butt category. This steel roofing companies faced two headwinds over the past decade – soft property market and cyclical steel prices.
Nevertheless, it is a profita...
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Despite more housing supply entering the market in recent months, prices continue to rise due to historically low inventory levels. Prices are unlikely to accelerate further, and the market is slowly moving away from a seller's market.
$D.R. Horton(DHI.US$ $NVR Inc(NVR.US$ $Lennar Corp(LEN.US$ $American Realty Investors(ARL.US$ $ProShares Ultra Real Estate(URE.US$
$D.R. Horton(DHI.US$ $NVR Inc(NVR.US$ $Lennar Corp(LEN.US$ $American Realty Investors(ARL.US$ $ProShares Ultra Real Estate(URE.US$
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Weak demand and soft pricing in the shipping industry have led to a so-called global freight recession. UPS's Q2 profits and revenue fell short of expectations, and the company lowered its 2024 revenue guidance to around $93 billion, down from the previous forecast of up to $94.5 billion. During US trading, UPS's stock plummeted over 13%, closing down 12%.
$United Parcel Service(UPS.US$
$United Parcel Service(UPS.US$
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Check out the companies making headlines in extended trading:
Alphabet — The tech giant slipped 1% despite a beat on both top and bottom lines in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue at its YouTube advertising segment missed forecasts.
Tesla — Shares of the electric vehicle maker declined 4.7% after...
Alphabet — The tech giant slipped 1% despite a beat on both top and bottom lines in the second quarter. Alphabet earned $1.89 per share on $84.74 billion in revenue. Consensus estimates had called for earnings of $1.84 per share on $84.19 billion in revenue. However, revenue at its YouTube advertising segment missed forecasts.
Tesla — Shares of the electric vehicle maker declined 4.7% after...
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At the start of the week, around 20% of the S&P 500 companies that had reported their second-quarter earnings, with 80% of them topping expectations, according to FactSet data. $S&P 500 Index(.SPX.US$
Investors have largely priced in the chances of the Federal Reserve cutting interest rates at its September meeting. Combined with rising confidence in a soft landing, the market has continued its rally, with rate-sensitive sectors such as small caps and industrials rising in recent weeks. $Russell 2000 Index(.RUT.US$
Investors have largely priced in the chances of the Federal Reserve cutting interest rates at its September meeting. Combined with rising confidence in a soft landing, the market has continued its rally, with rate-sensitive sectors such as small caps and industrials rising in recent weeks. $Russell 2000 Index(.RUT.US$