Novo Nordisk (NVO.US) invests over 400 million euros to upgrade its Ireland factory, aiming to boost global Wegovy production capacity
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs expects S&P 500 constituent stocks to see a 27% year-on-year increase in quarterly profits in September.
As companies make massive investments in AI infrastructure, U.S. corporations are set to usher in another strong earnings season. According to Goldman Sachs, the S&P 500 companies are expected to report a 27% year-over-year increase in earnings for the September quarter, driven by firms at the core of the AI infrastructure boom. Ben Snider, Chief U.S. Equity Strategist at Goldman Sachs, stated, "Recent macroeconomic data and signals related to the AI investment frenzy show no indication that investment is slowing down." Manish Kabra, Chief U.S. Equity Strategist at Societe Generale, said that this will mark the third consecutive quarter with profit growth exceeding 25%, an unprecedented streak outside of the post-financial crisis recovery periods. Revenue is projected to grow by 12%. Steve Chiavarone, Chief Investment Officer for Federated Hermes Equities, pointed out that thanks to capital expenditures related to AI infrastructure, investors are witnessing "the best profit and margin growth in our lifetimes." He added, "The worries that have built up... will ultimately be shattered by strong earnings performance."
Goldman Sachs expects the AI boom to drive a 27% increase in S&P 500 component stocks' September quarter profits.
According to the Financial Times, robust AI spending signals another profitable earnings season in the US, offering potential gains for investors. Goldman Sachs predicts that, driven by companies at the heart of the AI infrastructure boom, S&P 500 component companies' earnings for the September quarter are expected to increase by 27% year-on-year.
Jefferies raises ConocoPhillips target price to $174.
Jefferies raised ConocoPhillips (COP.US) target price from $159 to $174.
Japan bond repurchase program receives 1.51 billions yen bids
Japan’s bond repurchase program received bids totaling 1.51 billions yen. The average accepted spread for Japanese bond repo was -0.481 yen. The competitive bidding size for Japanese government bond repo reached 90.7 billions yen. The highest accepted spread for Japanese bond repo was -0.360 yen. The maximum accepted spread for Japanese bond repo was 16.6666%.
Crypto prices
More
