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ManpowerGroup Bears The Brunt Of Macro Woes Amid Weakness In Europe, Analyst Says Tough To Recommend This Name
Friday, October 20, 2023 - 3:14pm | 420BMO Capital Markets analyst Jeffrey M. Silber reiterates the Market Perform rating on ManpowerGroup (NYSE: MAN), lowering the price target to $79 from $88. The company reported third-quarter FY23 results where revenues from services declined 2.6% year-on-year to $4.676 billion,...
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Why Workforce Solutions Company ManpowerGroup's Shares Are Trading Lower Today
Thursday, October 19, 2023 - 12:05pm | 390ManpowerGroup (NYSE: MAN) shares are trading lower after the company reported third-quarter FY23 results. Revenues from services declined 2.6% year-on-year to $4.676 billion, missing the analyst consensus of $4.70 billion. Revenues fell 5% at constant currency. Challenging...
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Why Manufacturing Company Lindsay's Shares Are Rocketing Today
Thursday, October 19, 2023 - 11:15am | 419Lindsay Corp's (NYSE: LNN) shares are trading higher by over 23% after it reported Q4 FY23 results. Lindsay, a global manufacturer and distributor of irrigation and infrastructure equipment and technology, reported revenue of $167.1 million, surpassing the consensus of $157.8 million...
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Back for Another Round: Rate Hike Fears Grow After Strong Retail Sales Sends Yields Spinning Higher
Tuesday, October 17, 2023 - 2:38pm | 2425(Tuesday market open) Early earnings results continued to impress but major indexes flagged in premarket trading Tuesday as Treasury yields swung higher after unexpectedly strong September U.S. Retail Sales raised concerns about another possible rate hike. Earnings from Goldman...
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Lockheed Martin's Q3 Results Beat Expectations, Reaffirms FY23 Outlook
Tuesday, October 17, 2023 - 9:29am | 502Lockheed Martin Corp (NYSE: LMT) reported third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion. Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67. The gross margin contracted 65 bps to 12.13%. The...
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Monday's Market Minute: This Week's Focus: Earnings & Consumer Spending
Monday, October 16, 2023 - 12:46pm | 500The focus for investors and traders will shift from inflation after the higher-than-expected figures last week to earnings and consumer spending habits. We have the Empire State Manufacturing Index data and the Fed’s Patrick Harker speaking Monday, then on Tuesday we have Retails Sales,...
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How GlobalFoundries, Unsung Hero of Tech, Powers AI and Electronic Innovations
Monday, October 2, 2023 - 10:24am | 503Established in 2009, GlobalFoundries Inc (NASDAQ: GFS) has made significant strides in the semiconductor industry. Strategic decisions, technological innovations, and global expansions mark the company's evolution. It has become a silent force, with its chips being integral...
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Why Seelos Therapeutics Shares Are Trading Lower By 31%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Thursday, September 21, 2023 - 1:16pm | 1329Gainers MSP Recovery, Inc. (NASDAQ: LIFW) shares climbed 81.5% to $0.2793 after jumping 64% on Wednesday. Near Intelligence, Inc. (NASDAQ: NIR) gained 52.5% to $0.3188. Near Intelligence said it is a trusted partner of leading global commercial real estate companies seeking high-quality real...
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Lennox Simplifies Portfolio - Offloads European Commercial HVAC And Refrigeration Businesses
Thursday, September 21, 2023 - 11:34am | 331Lennox International, Inc. (NYSE: LII) inked a pact to sell its European commercial HVAC and refrigeration businesses, headquartered in Lyon, France, to funds managed by Syntagma Capital. The financial terms of the transaction were not disclosed. "The agreement to sell the European...
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Lindsay Corp's Demand Forecast Looks Grim For Fall Season: Analyst Highlights Dealer Issues
Friday, September 15, 2023 - 1:33pm | 411Stifel analyst Nathan Jones downgraded Lindsay Corporation (NYSE: LNN) to Hold from Buy, lowering the price target to $135 from $146. Jones recently completed a Proprietary Irrigation Survey of 50 of Lindsay's domestic irrigation dealers, following which volumes are now...
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China Sanctions Lockheed Martin And Northrop Grumman Concerning Arms Sales To Taiwan: Report
Friday, September 15, 2023 - 8:04am | 361The Chinese foreign ministry reportedly said the country is set to impose sanctions against the U.S. aerospace and defense firms Lockheed Martin Corp (NYSE: LMT) and Northrop Grumman Corp (NYSE: NOC). The decision by China comes after it alleged that the two companies provided...
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Unity Software To Rally Around 60%? Here Are 10 Other Analyst Forecasts For Friday
Friday, September 15, 2023 - 7:17am | 572B of A Securities raised the price target for Unity Software Inc. (NYSE: U) from $46 to $56. B of A Securities analyst Ryan Gee upgraded the stock from Neutral to Buy. Unity Software shares fell 3% to close at $35.71 on Thursday. Truist Securities boosted Vornado Realty Trust (NYSE: VNO) price...
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CSI Compressco And 2 Other Stocks Under $3 Insiders Are Buying
Thursday, September 14, 2023 - 9:41am | 479The Dow Jones closed lower by 70 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision....
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Lockheed Martin Faces $800M Payment Delay Over F-35 Software Approval: Report
Monday, September 11, 2023 - 12:12pm | 560Lockheed Martin Corp (NYSE: LMT), the leading U.S. defense contractor, could see over $800 million in payments held back until June as it awaits approval for software crucial to its advanced F-35 fighter jet, per newly disclosed figures. What's Happening: The weapon maker...
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Lockheed-RTX JV Inks MoU In Poland To Build Javelin Anti-Tank Weapon System
Thursday, September 7, 2023 - 8:11am | 440Lockheed Martin Corporation (NYSE: LMT) said its joint venture with RTX Corporation (NYSE: RTX) - Javelin Joint Venture - has inked a MoU to manufacture Javelin anti-tank weapon system in Poland. Javelin Joint Venture inked the initial pact with Poland's state-...