Eli Lilly & Co (NYSE: LLY) has recently experienced a dramatic $123 billion decline in market value. This significant drop follows positive developments from competitors, notably Viking Therapeutics Inc and Roche Holding AG, who made announcements regarding their weight loss drugs. However, according to JPMorgan analyst Chris Schott, this downturn may present a prime opportunity… Continue reading Eli Lilly’s $123 billion market value drop: A strategic buying opportunity?
Stock Research
OpenAI’s SearchGPT poised to challenge Google’s dominance: Should investors be concerned?
OpenAI recently announced that it will be launching its own search platform called SearchGPT. The platform is similar to what Google already offers but it comes with slight improvements that could be detrimental to Google’s business. The platform looks and works similar to ChatGPT. As you ask a question, it searches information from the web… Continue reading OpenAI’s SearchGPT poised to challenge Google’s dominance: Should investors be concerned?
Deadpool & Wolverine smashes records with $200 million opening weekend
The latest Marvel blockbuster, Deadpool & Wolverine, has set a new benchmark for R-rated films by grossing over $200 million in its opening weekend. According to studio estimates, the film earned $205 million domestically and an impressive $438.3 million globally, marking the highest-grossing R-rated film debut in history. The success of Deadpool & Wolverine eclipses… Continue reading Deadpool & Wolverine smashes records with $200 million opening weekend
Donald Trump’s reelection could spike inflation, warns Allianz chief economist Subran
As former President Donald Trump gears up for a potential return to office in November, economist Ludovic Subran warns of a potential inflationary surge. Subran, the chief economist at Allianz, predicts that Trump’s reelection could have significant repercussions for the US economy, exacerbating inflationary pressures that are already a concern for financial markets and policymakers.… Continue reading Donald Trump’s reelection could spike inflation, warns Allianz chief economist Subran
McDonald’s misses Q2 estimates as same-store sales decline for first time since pandemic
McDonald’s (MCD) reported second-quarter earnings and revenue that fell short of Wall Street expectations, as higher menu prices only partially offset decreased foot traffic. This resulted in a decline in same-store sales for the first time since the pandemic began, highlighting challenges even as the company introduced budget-friendly options like the $5 meal deal. McDonald’s… Continue reading McDonald’s misses Q2 estimates as same-store sales decline for first time since pandemic
BlackBerry appoints Tim Foote as new CFO amid strategic transformation
BlackBerry Ltd. has announced the appointment of Tim Foote as its new Chief Financial Officer (CFO), marking a significant leadership change as the company continues its strategic shift towards cybersecurity and software solutions. Foote, who has been with BlackBerry for nearly a decade, brings extensive experience in finance, investments, and cybersecurity, making him a key… Continue reading BlackBerry appoints Tim Foote as new CFO amid strategic transformation
ON Q2 earnings decline but the stock is surging, here’s why
ON Semiconductor Corp pulled in $1735.2 million in revenue for the second quarter, achieving a net income of $338.2 million that translated into a diluted EPS of $0.78. The share price of the company is up 12% in the first hour of trading. The reported revenue beat analysts’ expectations of $1729.12 million but constituted a… Continue reading ON Q2 earnings decline but the stock is surging, here’s why
Japanese eateries hike prices as tourist influx reaches record levels
Japan is experiencing a record surge in tourism, and with it, an unusual spike in restaurant prices. Popular tourist destinations like Niseko and Tokyo are seeing exorbitant price tags on meals, with some dishes costing three to five times more than usual. This trend reflects both the economic dynamics of a weakened yen and the… Continue reading Japanese eateries hike prices as tourist influx reaches record levels
Ola Electric’s $734 million IPO: 2024’s largest in India—Should you invest?
Ola Electric is gearing up to make an entrance into the public market with what is set to be the largest Initial Public Offering (IPO) of 2024. Scheduled to debut on the Indian stock exchanges this Thursday, the electric scooter manufacturer is creating waves with a valuation of $734 million. The IPO will see Ola… Continue reading Ola Electric’s $734 million IPO: 2024’s largest in India—Should you invest?