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Merck raises 2024 guidance on cancer drug demand

Shares of Merck & Company (MRK) are trading higher early Thursday after the pharmaceutical giant posted robust sales results in the first quarter, leading the pharmaceutical giant to raise its 2024 outlook. The company's performance was driven by strong demand for its cancer drug Keytruda. Yahoo Finance's Anjalee Khemlani breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

Yahoo Finance Video 20 minutes ago

MRK
Rubrik to debut on NYSE, IPO priced at $32 per share

Data management software company Rubrik (RBRK) is poised to make its highly anticipated debut on the New York Stock Exchange. The initial public offering (IPO) will see the company's shares listed on the exchange under the ticker symbol "RBRK" with an initial offering price of $32 per share. Rubrik is backed by Microsoft (MSFT), which holds a stake in the company. Yahoo Finance Executive Editor Brian Sozzi sheds light on the company's operations and what this listing means for the broader technology sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 42 minutes ago

RBRK
Caterpillar issues sales warning, misses on Q1 revenue

Construction machinery manufacturer Caterpillar (CAT) saw a mixed bag of first-quarter earnings results, falling short of revenue estimates ($14.96 billion compared to an expected $15.13 billion) but topping adjusted earnings per share outlook ($5.60 compared to an expected $5.13). Caterpillar shares are in turn falling Thursday morning, though it has been on a run year-to-date in 2024. Yahoo Finance Senior Business Reporter Ines Ferré crunches the numbers on Caterpillar's results, breaking down the warning it issued on declining sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

CAT
IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 1 hour ago

IBM

HCP
Stocks open lower on US GDP print, tech earnings

The major stock market averages (^DJI, ^IXIC, ^GSPC) are opening Thursday lower on the first-quarter GDP print and Big Tech stocks earnings results. The Morning Brief's Seana Smith and Brad Smith monitor the market action after the opening bell, while Senior Markets Reporter Jared Blikre takes a closer look at these stocks' performance entering the morning session: Altria Group (MO), Caterpillar (CAT), and Southwest Airlines (LUV). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

CAT

MO

^GSPC
Stocks plunge on weaker-than-expected GDP reading: Yahoo Finance

Markets (^DJI, ^IXIC, ^GSPC) are deep in the red this morning after the latest reading of first-quarter GDP showed just 1.6% growth, much lower than the 2.5% expected. Shares of Meta (META) are deep in the red this morning despite the company beating earnings expectations. Investors were spooked by the tech giant’s second-quarter outlook. IBM (IBM) shares are also falling this morning after reporting first-quarter revenue that missed expectations. Today we will hear from several top names, including American Airlines (AAL), Caterpillar (CAT), Merck (MRK), Royal Caribbean (RCL), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Intel (INTC), and Roku (ROKU). Yahoo Finance trending tickers include Chipotle (CMG), ServiceNow (NOW), and Ford (F). Key guests include: 9:30 a.m. ET - Ryan Detrick, Carson Group Chief Market Strategist 9:45 a.m. ET - Jack Hartung, Chipotle CFO 10 a.m. ET - Roger McNamee, Elevation Partners Co-Founder 10:10 a.m ET - Glenn Kelman, Redfin CEO 11 a.m. ET - Glenn Kelman, Redfin CEO

Yahoo Finance Video 4 hours ago

META

IBM

GOOG
Meta stock slides after second quarter outlook disappoints

Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.

Yahoo Finance 5 hours ago

META

GOOG
Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Chipotle posted another strong quarter against a difficult macro backdrop.

Yahoo Finance 18 hours ago

CMG

MCD
Meta is out-executing its peers on generative AI: Analyst

Meta Platforms (META) posted first-quarter earnings results above analyst estimates, posting adjusted earnings of $4.71 per share and $36.46 billion in revenue. Meta shares plummeted by over 10% after releasing earnings after Wednesday's market close, many experts attributing this reaction to the social media giant's second-quarter outlook. Roth MKM Managing Director and Senior Research Analyst Rohit Kulkarni comes on Market Domination Overtime to talk about what could become Meta's next big revenue driver, noting the tech company's strides in generative AI compared to other competitors in the Magnificent Seven. "The reason I say that is they have re-created the entire ad stack that has about 10 to 15 million customers which are advertisers, so the scale of improvement that those advertisers will get with gen AI improvements is going to be amplified and that's going help with the fundamentals," Kulkarni explains. Kulkarni goes on to discuss Meta's social media opportunities if TikTok parent company ByteDance does not comply with the United States' legislative ultimatum signed by President Biden earlier today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 18 hours ago

META
Stock market today: Tesla surges 12%, stocks go nowhere amid earnings rush

Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.

Yahoo Finance 19 hours ago

^DJI

^IXIC

^GSPC
Boeing stock slides after tumultuous quarter headlined by 737 Max crisis

Boeing (BA) on Wednesday reported results that beat Wall Street expectations after a tumultuous first quarter.

Yahoo Finance 19 hours ago

EADSF

EADSY

DAL
Microsoft to report Q3 revenue as Wall Street looks for AI growth

Microsoft will report its Q3 earnings after the bell Thursday, as investors look for AI growth.

Yahoo Finance 21 hours ago

GOOG

AMZN

MSFT
Biden signs TikTok ban bill: Why this matters for businesses

President Biden has officially signed the bill giving TikTok's parent company, ByteDance, nine months to divest from the company or else the app will be banned from the US. While the fallout has yet to be seen, there is a potential for this legislation to affect businesses as many companies and entrepreneurs have used the popular social video app to market their products and services. Front Row CEO Yuriy Boykiv joins Wealth! to break down the impacts a TikTok ban will have on businesses, both large and small, and their ability to market themselves and grow through user exposure. "There are a lot of alternatives. At the moment, TikTok is a dominant player for attention, predominantly for Generation Z and Alpha. If you think about the monthly user base, it's about on average a million users per month. 100,000 of those are influencers so 1 out of 10 users are influencers and those influencers are driving a lot of demand for the products that are eventually sold somewhere..." Boykiv explains. "The idea that TikTok will be banned fully has not really registered yet, in my opinion, in marketers' mind. But even if it happens, because Instagram and Facebook, which is Meta (META) essentially, adapted to the vertical format of video, the idea is a lot of those same users and influencers will move to Facebook and Instagram." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Yahoo Finance Video 23 hours ago

META
10 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts

In this article, we discuss 10 best consumer discretionary dividend stocks to buy according to analysts. You can skip our detailed analysis of the consumer discretionary sector and its performance in the past, and go directly to read 5 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts. Consumer discretionary stocks are highly influenced […]

Insider Monkey 6 minutes ago

^GSPC

HD

LOW
GLOBAL MARKETS-Tepid economic data weighs on equities; yen sinks to fresh lows

Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open, and Meta's slump also soured the mood. "If Meta is a guide, it seems the market is simply not tolerant of in-line – if you've had a good run through Q1 & Q2 you either blow the lights out, or the market takes its pound of flesh," said Chris Weston, head of research at Pepperstone.

Reuters 8 minutes ago

^FTSE

^DJI

COMP
20 Fastest Growing Health Tech Companies in the World

In this article, we will be taking a look at the 20 fastest growing health tech companies in the world. If you do not want to learn about the trends in digital health market, head straight to the 5 Fastest Growing Health tech Companies in the World. Explosive Growth and Key Trends in the Digital […]

Insider Monkey 9 minutes ago

TDOC

SNY

GSK
Bristol Myers Squibb (BMY) Q1 2024 Earnings Call Transcript

BMY earnings call for the period ending March 31, 2024.

Motley Fool 13 minutes ago

CELG-RT
Dow Jones Falls 700 Points, Stock Market Pounded As Meta, Caterpillar Plunge; Gold Price Holds Steady

The Dow Jones Industrial Average dropped more than 700 points in morning trades Thursday, as the index was hit by an earnings-fueled drop from component Caterpillar. Meanwhile, Facebook and Instagram operator Meta Platforms led techs lower, gapping down and plunging as much as 16% on the stock market today. The Dow Jones index plunged more than 2.3% in the early going but trimmed that loss to around 1.6% two hours into trading.

Investor's Business Daily 15 minutes ago

CAT

META

^DJI
11 Oversold MidCap Stocks To Buy Now

In this piece, we will take a look at the 11 oversold midcap stocks to buy now. If you want to skip our coverage of overbought, oversold, small cap, and mid cap stocks along with the latest stock market news, then you can skip ahead to the 5 Oversold MidCap Stocks To Buy Now. Since […]

Insider Monkey 15 minutes ago

NVDA

MGRC

PWSC
The Stock Market Is Flirting With Trouble. Watch These Key Price Levels.

Stocks are taking a beating after a weak GDP report and worries about tech, following Meta Platforms ’ disappointing revenue and spending outlook. While buying the dip may be temping, the declines may have to play out more before the pain is over. Meta, down 12%, was dragging other tech names lower, including Alphabet Amazon.com and Trade Desk The weak GDP report was also pulling down other sectors, including consumer, retail and financials.

Barrons.com 29 minutes ago

^GSPC

Performance Overview

Return	0257.HK	HANG SENG INDEX
YTD	+28.35%	+1.39%
1-Year	+10.30%	-13.40%
3-Year	-18.64%	-40.56%

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Related News

Merck raises 2024 guidance on cancer drug demand

Rubrik to debut on NYSE, IPO priced at $32 per share

Caterpillar issues sales warning, misses on Q1 revenue

IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

Stocks open lower on US GDP print, tech earnings

Stocks plunge on weaker-than-expected GDP reading: Yahoo Finance

Meta stock slides after second quarter outlook disappoints

Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Meta is out-executing its peers on generative AI: Analyst

Stock market today: Tesla surges 12%, stocks go nowhere amid earnings rush

Boeing stock slides after tumultuous quarter headlined by 737 Max crisis

Microsoft to report Q3 revenue as Wall Street looks for AI growth

Biden signs TikTok ban bill: Why this matters for businesses

10 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts

GLOBAL MARKETS-Tepid economic data weighs on equities; yen sinks to fresh lows

20 Fastest Growing Health Tech Companies in the World

Bristol Myers Squibb (BMY) Q1 2024 Earnings Call Transcript

Dow Jones Falls 700 Points, Stock Market Pounded As Meta, Caterpillar Plunge; Gold Price Holds Steady

11 Oversold MidCap Stocks To Buy Now

The Stock Market Is Flirting With Trouble. Watch These Key Price Levels.

Performance Overview