Key points:
- GE Aerospace and Verizon shares declined despite their solid results
- Nvidia posted a record market value, even though its shares fell slightly
- Lockheed Martin and 3M raised their forecasts, attracting market interest
GE Aerospace (GE) falls despite beating expectations
GE Aerospace stocks declined despite beating expectations for adjusted earnings and revenue. The company also met its guidance for the year, but investors were expecting stronger results, resulting in a slight decline in the share price.
Nvidia (NVDA) marks a milestone in the market
Nvidia: the maker of artificial intelligence chips, reached a market value above $3.5 billion for the first time. Although the company continues to grow, its stocks fell slightly in pre-market trading, which aroused caution among investors.
General Motors (GM) is approaching record revenues
General Motors: the largest U.S. automaker, said it is close to achieving record adjusted operating income in 2024, despite extraordinary charges. This has sparked optimism in the market.
Verizon Communications (VZ) reports lower profits
Verizon Communications: Reported a lower profit and held revenue flat in the latest quarter. Stocks declined in the pre-market on headcount reduction charges, which impacted results.
Lockheed Martin (LMT) raises its annual profit forecast
Lockheed Martin: Military contractor, has raised its annual profit forecast. This favorable revision has been welcomed by investors, leading to a slight rise in its shares.
Cheesecake Factory (CAKE) rises following interest from activist investors
Cheesecake Factory stocks: rise after an activist investor buys a stake in the company and submits a proposal to spin off three brands into a separate public company.
Danaher (DHR) beats quarterly expectations
Danaher: Reported quarterly earnings and sales that beat expectations, as well as reaffirmed its 2024 sales growth forecast. Its stocks rallied in pre-market trading.
SAP (SAP) boosts revenue thanks to AI
SAP: The German software company, reported higher revenue and earnings in the latest quarter, driven by growing demand for artificial intelligence solutions. Stocks rose 4% in Germany.
3M (MMM) beats forecasts and adjusts its forecasts
3M, maker of Scotch tape, posted adjusted quarterly profit above analysts’ expectations and raised its profit forecast for the remainder of the year. Shares rose in pre-opening trading.
