Stocks-2 News

Roche receives CE Mark for VENTANA FOLR1 (FOLR1-2.1) RxDx Assay as the first IHC-based companion diagnostic to identify ovarian cancer patients eligible for ELAHERE

The VENTANA FOLR1 (FOLR1-2.1) RxDx Assay detects the folate receptor 1 protein (FOLR1 or FRɑ), which is over-expressed in most ovarian cancers. The test identifies ovarian cancer patients eligible for targeted treatment with ELAHERE.

Erik Maris Joins Perella Weinberg

NEW YORK and PARIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Erik Maris has joined the Firm's European practice and will work with its French and European Partners in providing strategic advice to clients across coverage sectors.

LexinFintech Holdings Ltd. to Report Third Quarter 2024 Unaudited Financial Results on November 25, 2024

SHENZHEN, China, Nov. 18, 2024 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading credit technology-empowered consumer financial service enabler in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, after the U.S. market closes on Monday, November 25, 2024.

Australia's competition watchdog begins review of Vocus-TPG $3.4 bln deal

Australia's competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus' A$5.25 billion ($3.39 billion) takeover of local telecom operator TPG Telecom's enterprise, government, and wholesale (EG&W) fixed business and fibre network assets.

My 9.5% Income Portfolio CEFs And Classic Cars

Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.

SalMar - Satisfactory financial results despite a period marked by biological challenges

“Although the results are affected by challenges at sea, the results also show that the structure we have at SalMar is solid and rigged to handle challenging periods, which makes the financial results acceptable during the period. Going forward, we are fully focused on improving performance and realizing the potential we see in the value chain”, says Frode Arntsen, CEO of SalMar ASA.

Italy's Enel to invest over $45 bln by 2027

Italy's Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for renewable projects, the utility said on Monday.

Watch These Netflix Stock Price Levels After Paul vs. Tyson Streaming Glitches

Netflix (NFLX) shares could be on watchlists Monday after the streaming giant experienced technical glitches as a record 60 million households tuned into its Friday night broadcast of a highly anticipated fight between YouTube influencer-turned boxer Jake Paul and boxing legend Mike Tyson.

ASML INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that ASML Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

SAN DIEGO, Nov. 18, 2024 (GLOBE NEWSWIRE) --   Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of ASML Holding N.V. (NASDAQ: ASML) ordinary shares between January 24, 2024 and October 15, 2024, both dates inclusive (the “Class Period”), have until January 13, 2025 to seek appointment as lead plaintiff of the ASML class action lawsuit. Captioned City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., No. 24-cv-08664 (S.D.N.Y.), the ASML class action lawsuit charges ASML and certain of ASML's top current and former executives with violations of the Securities Exchange Act of 1934.

Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem

Tencent is increasingly leveraging its WeChat ecosystem to set itself apart from other cloud service competitors, Tencent Cloud CEO Dowson Tong said. Tong shared that many of Tencent's clients were keen on building their own mini programs on WeChat's network to attract existing users of the super app to their services.

Marriott International Announces 100th Property in Japan with the Opening of Four Points Flex by Sheraton Osaka Umeda

Marking The Debut Of The Four Points Flex Brand In Asia Pacific, This Opening Underscores The Company's Strategic Growth In The Affordable Midscale Segment TOKYO , Nov. 18, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) reached a significant milestone in Japan today with the opening of its 100th property in Japan - Four Points Flex by Sheraton Osaka  Umeda. This event also marks the inaugural debut of the Four Points Flex by Sheraton brand in Asia Pacific excluding China alongside global investment firm KKR, underscoring Marriott's continued commitment to the midscale segment.

e.l.f. Cosmetics is Causing an e.l.f.ing Racket at the Billie Jean King Cup

MALAGA, Spain--(BUSINESS WIRE)--e.l.f. (NYSE: ELF) is causing an e.l.f.ing racket for the first time at this year's Billie Jean King Cup Finals by Gainbridge (BJKC), the women's world cup of tennis, democratizing access to the best of beauty and to women's sports for every eye, lip and face. As the exclusive skin and cosmetic partner, e.l.f. will co-host the first semifinal match tonight where Kory Marchisotto, Chief Marketing Officer at e.l.f. Beauty, will participate in the coin toss to start.

Accenture and ETS Create a New Global Model for Talent Management Centered Around Skills-Based Job Readiness

NEW YORK & PRINCETON, N.J.--(BUSINESS WIRE)--Accenture and ETS are collaborating to deliver a new end-to-end talent management solution.

Precision Drilling: Capitalizing On Strong Activity In Canada

Precision Drilling's Q3 report shows strong performance in Canada, where rig demand is at multiyear highs. While the U.S. market remains a weakness, Precision Drilling is generating adequate margins on its super spec rigs that remain in tight supply. When U.S. activity rebounds, Precision Drilling will benefit from the much higher pricing that will be necessary to balance the market.

VNLA: Yield Has Gotten Too Low, Risks Outweigh Rewards (Rating Downgrade)

Janus Henderson Short Duration Income ETF's yield has decreased to 4.86% due to Fed rate cuts, offering only a 30 bps spread over effective Fed Funds. The fund's composition includes significant corporate bonds, with 54% in BBB credits, exposing it to credit risk unlike treasury funds. Investment-grade spreads are at historic lows, making the risk/reward proposition for VNLA unattractive compared to alternatives like AAA CLO ETFs.

Walmart Earnings Preview: Pullback Would Be Great, But Operating Margin Is The Story

Walmart reports their fiscal Q3 '25 financial results before the opening bell on Tuesday, November 19th, 2024. Consensus estimates are for $167.7 billion in revenue for expected y-o-y growth of 4.3%, operating income $6.56 billion for expected y-o-y growth of 8.6%, and EPS $0.53 per share for expected y-o-y growth of 4%. While the stock needs a 10-15% pullback given its overbought status, the continued improvement in the operating margin at Walmart US will be a significant plus for shareholders.

Progyny: After A Terrible Year, I'm Out (Rating Downgrade)

I initially rated Progyny a "Buy" in late 2022, but 2024 has been disastrous, with a 60% stock drop and loss of Amazon as a client. Q3 2024 financials show minimal revenue growth, declining margins, and lower earnings per share, despite a strong balance sheet. Given management's struggles and increased competition, I no longer believe Progyny has a competitive advantage and have sold my shares.

BlackBerry Welcomes Canada's Support To Enhance Cyber Resilience in Southeast Asia

In collaboration with Toronto Metropolitan University, the Government of Canada will invest $3.9M CAD in the Malaysia Cybersecurity Center of Excellence to strengthen cybersecurity partnerships and expertise in the region through skills training opportunities, including for women WATERLOO, ON / ACCESSWIRE / November 17, 2024 / At the APEC Leaders' Summit, BlackBerry Limited (NYSE:BB)(TSX:BB), expressed its gratitude for the Government of Canada's announcement to invest $3.9 million (CAD) in Malaysia. This funding will support cybersecurity training programs and threat intelligence initiatives aimed at strengthening capacity building and enhancing overall cyber resilience in Southeast Asia.

3D Systems: Waiting For More Clarity On The Profitability Path

3D Systems is a world leader in 3D printing and offers a complete portfolio of metal and plastic materials. It enjoys a solid positioning in the healthcare segment (dental, prosthesis, and regenerative medicine). As the sector makes losses and consolidates, the firm could reinforce its positioning.

Foxconn tells India recruiters: Nix marital status in iPhone job ads

Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters.