Industrial conglomerate General Electric (NYSE:GE) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 27.2% year on year to $10.81 billion. Its non-GAAP profit of $1.32 per share was 26.9% above analysts’ consensus estimates.
Shares of GE Aerospace surged Thursday morning after the company reported fourth-quarter results far above analysts' estimates.
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Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea's SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround. Separately, a Nissan executive said the automaker was considering plans to produce compact EVs at its plant on Japan's southern island Kyushu, confirming a 2024 Reuters report. Nissan, which is in talks to merge with Honda Motor, has been seeking to slash 9,000 jobs and 20% of its global manufacturing capacity in a turnaround plan laid out last year.
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums. Officials told reporters in Beijing on Thursday that beginning this year mutual funds should increase holdings of onshore stocks, called A-shares, by at least 10% a year over the next three years. Commercial insurance funds will have to put 30% of their annual new premium revenue into share markets beginning this year, they said.
Over the past six months, Light & Wonder’s shares (currently trading at $91.49) have posted a disappointing 13.6% loss, well below the S&P 500’s 9.3% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Over the past six months, Q2 Holdings has been a great trade, beating the S&P 500 by 24%. Its stock price has climbed to $93.30, representing a healthy 33.2% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Amtech has been treading water for the past six months, recording a small loss of 4.1% while holding steady at $5.45. The stock also fell short of the S&P 500’s 9.3% gain during that period.
Over the last six months, Titan International’s shares have sunk to $7.50, producing a disappointing 10.7% loss - a stark contrast to the S&P 500’s 9.3% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Over the past six months, Keysight has been a great trade, beating the S&P 500 by 14.8%. Its stock price has climbed to $172.71, representing a healthy 24.1% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.