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Canadian Market Rises Again; Technology Stocks Rally
The Canadian market is up in positive territory a little before noon on Tuesday, led by gains in technology and healthcare stocks. Several stocks from consumer discretionary, consumer staples and industrials sectors are also notably higher.
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U.S. New Home Sales Surge Much More Than Expected In March
A report released by the Commerce Department on Tuesday showed a substantial increase in new home sales in the U.S. in the month of March. The Commerce Department said new home sales spiked by 8.8 percent to an annual rate of 693,000 in March after plunging by 5.1 percent to a revised rate of 637,000 in February.
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Kopin Says Jury Awards Damages Of About $24.8 Mln To BlueRadios
Kopin Corp., Inc. (KOPN) announced Tuesday that a jury verdict was entered on Monday in the U.S. District Court for the District of Colorado finding for the plaintiff, BlueRadios, Inc. and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages.
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Eurozone Private Sector Growth Strongest In Almost A Year
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
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NextEra Energy Reaffirms FY24, FY25, FY26 Adj. EPS Outlook - Update
While reporting financial results for the first quarter on Tuesday, clean energy company NextEra Energy, Inc. (NEE) reaffirmed its adjusted earnings guidance for the full year 2024, 2025 and 2026.
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Bay Street May Open With Slightly Positive Bias
Slightly higher Canadian futures point to a positive start for the Canadian market Tuesday morning. Encouraging economic data from Europe may also aid sentiment. Once again, weak commodity prices could limit market's upside.
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Philip Morris Q1 Results Top Estimates, But Trims FY24 Outlook
Philip Morris International Inc. (PM) reported Tuesday that net earnings attributable to PMI for the quarter grew to $2.15 billion or $1.38 per share from $2.00 billion or $1.28 per share in the prior-year quarter.
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Ryder System Boosts FY24 Earnings Outlook As Q1 Results Top Estimates
While reporting financial results for the first quarter on Tuesday, Ryder System, Inc. (R) raised its earnings and comparable earnings guidance for the full-year 2024, while trimming revenue growth outlook. The company also provided financial outlook for the second quarter.
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MSCI Q1 Adj. Eps Tops Estimates, But Revenues Miss
MSCI, Inc. (MSCI) reported Tuesday that fourth-quarter net income grew to $255.95 million or $3.22 per share from $238.73 million or $2.97 per share in the prior-year quarter.
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Xerox Holdings Reaffirms FY24 Revenues Outlook - Update
While reporting financial results for the first quarter on Tuesday, workplace technology company Xerox Holdings Corp. (XRX) said it continues to expect revenues for the full-year 2024 to be decline 3 to 5 percent in constant currency and adjusted operating margin of at least 7.5 percent.
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Pound Rises On Upbeat U.K. PMI Data
The British pound strengthened against other major currencies in the European session on Tuesday, after a survey showed that U.K. private sector activity expanded for the sixth consecutive month in April.
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Sensex, Nifty Extend Gains For Third Day
Indian shares ended slightly higher on Tuesday, giving up some early gains despite positive global cues.
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Euro Advances On Robust German PMI Data
The euro strengthened against most major currencies in the European session on Tuesday, after data showed that Germany's private sector expanded for the first time in ten months in April driven by a solid rise in services activity.
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