JPMorgan Chase JPMorgan Chase JPM $4.36 2.16% 24% IBD Stock Analysis Flat base has 205.88 buy point, solid support at 10-week moving average. Composite Rating Industry Group Ranking Emerging Pattern Flat Base * Not real-time data. All data shown was captured at 1:38PM EDT on 07/01/2024. JPMorgan Chase stock is the IBD Stock of The […]
Lululemon’s (LULU) stock rose more than 10% in after-hours trading as the company boosted its full-year profit outlook and raised its stock repurchase program by $1 billion. The company said it now sees full-year earnings per share in a range of $14.27 to $14.47, up from a prior range of $14 to $14.20. It maintained […]
Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing as its core businesses in a move “towards strategic clarity”. The Hangzhou-based firm, which owns the South China Morning Post, said it expects to raise […]
(Bloomberg) — Alibaba Group Holding Ltd. sold $4.5 billion worth of convertible bonds in one of the largest such offerings in recent years, as the company looks to buyback more shares and invest in its businesses. Most Read from Bloomberg The Hangzhou-based company priced the seven-year notes, due 2031, with a coupon of 0.5% and […]
ANET beat consensus earnings estimates for the first quarter due to big AI spending. The company generated $1.571 billion in revenue, marking growth of 16.3% over 2023’s first quarter. It expects $1.62 billion – $1.65 billion in second-quarter revenue versus the previous estimate of $1.62 billion. Plus, ANET announced $1.2 billion in planned share buybacks […]
Stock buybacks are soaring in a sign that corporate America is bullish on the US economy. Companies have announced share repurchases of more than $383 billion in the last 13 weeks, up 30% from the year-earlier period and the largest sum since June 2018, per research from Deutsche Bank. The total includes Apple’s $110 billion […]
(Bloomberg) — BP Plc maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net debt increased. Most Read from Bloomberg The result marks the end of a mixed set of Big Oil earnings which saw Shell Plc, TotalEnergies SE and Chevron Corp. do better […]
(Bloomberg) — Cleveland-Cliffs Inc.’s top boss says buying back shares make more sense than takeovers — a view that underpins the US steelmaker’s decision to repurchase as much as $1.5 billion in stock. Most Read from Bloomberg “Buying our own stock is clearly a better use of capital than any M&A opportunities at current valuations […]
Hanging on a wall inside the office of a Southfield church is a sculpture that reads “Peace” made out of the parts of what was once a gun. On a table in front, the Very Rev. Chris Yaw of St. David’s Episcopal Church laid out on Good Friday some other pieces of art he recently […]
(Bloomberg) — Tencent Holdings Ltd. plans to more than double its stock buyback program to at least $12.8 billion in 2024, mollifying investors concerned about a gradual dissipation of growth during a Chinese economic downturn. Most Read from Bloomberg China’s largest internet company joins rivals from Alibaba Group Holding Ltd. to JD.com Inc. in ramping […]
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings posted a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at least double its share buybacks this year. The world’s largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 […]
President Joe Biden speaking at a GM electric vehicle assembly plant.Nic Antaya/Getty Images The Biden administration wants to quadruple the stock buyback tax to 4%. A 1% tax on stock buybacks was introduced in 2023, but it has not slowed the pace of buyback programs. An estimated $1 trillion in stock buybacks are on schedule […]