#stockmarket

STRATEGIC COLLABORATION: Oreo, under Mondelēz International, and Coca-Cola have joined forces to release two limited-edition products: the Oreo Coca-Cola Sandwich Cookie and the Coca-Cola Oreo Zero Sugar beverage. This collaboration combines the signature elements of each brand to create...

Tapestry Inc., the luxury fashion house behind Coach, Kate Spade, and Stuart Weitzman, delivered better-than-expected results in its fiscal fourth quarter, even as it faces scrutiny over its proposed $8.5 billion acquisition of Capri Holdings. The company's net income declined by 28.9% to...

Overview: Walmart Inc. (WMT) shares surged over 7% on Thursday following the release of its second-quarter fiscal 2025 earnings report, which exceeded Wall Street's expectations and led the company to raise its full-year financial outlook. Despite a decline in net income, the retail giant’s...

Market Rebound: Stock futures rose on Thursday following a positive trading day on Wednesday for the major indexes, driven by encouraging U.S. inflation data. The Dow Jones gained 0.61%, the S&P 500 increased by 0.38%, and the Nasdaq Composite edged up by 0.03%. Inflation slowed to 2.9% in July...

Overview: Warren Buffett's Berkshire Hathaway made significant adjustments to its investment portfolio in the second quarter of 2024. The conglomerate acquired notable stakes in Ulta Beauty (ULTA) and Heico (HEI) while dramatically reducing its long-held position in Apple (AAPL). These moves...

SUMMARY: The U.S. Federal Reserve may be on the verge of cutting interest rates for the first time since March 2020, a potential turning point that could have significant implications for the stock market. Over the past two years, the Fed implemented one of the most aggressive rate-hiking...

Overview: Cisco Systems Inc. has reported earnings that surpassed analysts’ expectations, despite a challenging environment marked by declining revenue and significant workforce reductions. The networking giant is navigating a period of transformation as it seeks to diversify its business and...

Hello, team! As we continue to grow as a community of investors, it’s crucial that we not only focus on potential returns but also have a firm grasp on the risks involved. Understanding these risks is key to making informed decisions and safeguarding our investments. Let’s dive into the main...

Market Rally: Stocks surged on Tuesday following positive inflation data. The Nasdaq gained 2.43%, the S&P 500 increased by 1.68%, and the Dow rose by 408 points. All major indices are now above their levels from the August 2nd close, recovering from the early August sell-off. Starbucks CEO...

Event Overview At its annual hardware event in Mountain View, California, Google revealed a new lineup of Pixel smartphones that prominently feature advanced artificial intelligence (AI) capabilities. The event, held earlier than in previous years, underscored Google's push to embed AI deeper...

Cathie Wood, the founder and CEO of Ark Investment Management, continues to make bold moves in the tech sector despite mixed performance and criticism. On Monday, she acquired 14,686 shares of Alphabet Inc. (GOOGL), valued at $2.4 million, taking advantage of the stock's 14% decline from its...

Amazon has officially opened a state-of-the-art fulfilment centre at Gateway45 in Leeds, marking a significant £500 million investment aimed at bolstering its UK operations. This new facility, Amazon’s 31st in the UK, will utilize advanced technology across three floors to streamline the...

On August 12, 2024, Eli Lilly & Co. completed a $5 billion bond issuance to finance its $3.2 billion acquisition of Morphic Holding Inc., a company specializing in treatments for inflammatory bowel disease and other chronic conditions. This strategic move aims to bolster Lilly’s portfolio with...

Advanced Micro Devices, Inc. (AMD) has completed the acquisition of Silo AI, Europe's largest private AI lab, in a deal valued at approximately $665 million. This strategic move is set to significantly bolster AMD's AI capabilities, enabling the company to accelerate the development and...

Nvidia's stock (NVDA) gained momentum in premarket trading on Tuesday, following a 5% rise on Monday, as investors and analysts debated whether the recent downturn in semiconductor stocks has been overstated. Bank of America analyst Vivek Arya highlighted Nvidia as a leading "rebound" candidate...

Tesla Discontinues Its Most Affordable Cybertruck Model Tesla has ceased accepting orders for the $61,000 version of its Cybertruck, effectively raising the entry price to $100,000. The move has sparked significant interest and concern among consumers and investors alike, as the pricing shift...

NGX TRADING SUMMARY FOR FRIDAY, JULY 26, 2024 Market Overview: - Total Shares Traded: 1,103,330,581 shares - Total Deals: 9,098 - Market Value: NGN 21,596,855,742.02 Performance Comparison: - Volume Improvement: 201% increase from the previous trading day (Thursday, July 25, 2024) - Turnover...

PRICE ADJUSTMENT The equity price of NEM INSURANCE PLC was adjusted today 21st of June 2024 for a dividend of N0.60 as recommended by the company's Board of Directors. The last close price was N9.00 while the Ex-div price is N8.40

NGX TRADING SUMMARY FOR THURSDAY, JUNE 20, 2024 The Nigerian Stock Exchange (NGX) concluded its trading session on Thursday, June 20, 2024, with notable activities and mixed outcomes. Trading Volume and Value: - Shares Traded: 1,299,961,984 - Number of Deals: 8,364 - Market Value: NGN...

NGX TRADING SUMMARY FOR THURSDAY, JUNE 13, 2024 Market Overview: - Total Shares Traded: 502,599,278 - Total Deals Executed: 9,686 - Total Market Value: NGN 8,653,032,209.43 - Market Capitalization: NGN 56.5 trillion Comparison with Previous Trading Day (June 11, 2024): - Volume Decline: 41% -...