Financial & Business News
LATEST INVESTING HEADLINES
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release third quarter 2023 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Thursday, October 26, 2023. To participate in the call by telephone, please dial (844) 200-6205 and enter access code 383102 five to 10 minutes prior to the start time to allow time for registration.
O'Reilly Automotive Inc offers attractive risk/reward and could be worth at least $1,091/share, 27% higher than the current price. Growing demand for vehicles and parts, rising miles traveled, and continued expansion in the company's store network contribute to ORLY's favorable risk/reward. O'Reilly's profitability moat, market share growth, and recession hedge position the company well in the auto parts industry.
I initiate coverage on the mother of blue chips - Apple Inc. I go over the company's fundamental strengths and current financial position. I use an EPS projection model to arrive at a fair valuation of $178.93 for Apple stock, and issue a "Buy" rating.
PetMed Express faces challenges from larger competitors and declining profitability. The company has a new management team and has made strategic investments, such as partnerships and acquisitions. These investments have led to positive revenue growth, but challenges remain, including high expenses and negative operating margin.
As the world shifts to electric vehicles, demand for EV batteries will skyrocket. All of which should be great news for these top EV battery stocks moving forward.
Visa announced today that it plans to invest $100 million in companies developing generative AI technologies and applications “that will impact the future of commerce and payments.” The investments will be made through Visa Ventures, the card giant's 16-year-old global corporate investment arm.
Kellogg officially split into two distinct, publicly traded companies, and shares of both tumbled on Monday in their first trading session since the separation.
General Motors Company (NYSE:GM) said Monday that it is furloughing another 160 workers in connection with the United Auto Workers strike. 18 days into the strike, GM announced 130 cuts at its Parma, Ohio Metal Center and 34 at its Marion, Indiana Metal Center.
CFO Monish Patolawala warned of slow growth into next year. The Federal Reserve's outlook on interest rates also weighed on the stock.
Takeda Pharmaceutical said on Monday it would be working with the U.S. health regulator towards a voluntary withdrawal of its lung cancer therapy in the country, after it failed to meet the main goal in a late-stage study.