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Market News

Location American Market News for 24 January 2023

J&J Gets Ready to Break up With Tylenol

Wall Street Journal - 24 Jan 2023 20:49
Johnson & Johnson's consumer business was the only division to deliver growth in the fourth quarter.
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HDFC AMC Q3 profit after tax up 3% at ₹369 crore

livemint.com - 24 Jan 2023 15:52
HDFC AMC Q3 profit after tax up 3% at ₹369 crore The company's total income rose by 4 per cent to ₹663 crore in the quarter under review from ₹635.9 crore in the year-ago period.
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IT sector margins to improve in next few quarters; Infosys, HCL Tech top picks: Kotak Institutional Equities After being the worst performed sectoral index in 2022, the Nifty IT index has had a great start to 2023. In the current month, the index has risen by 7.33%, gaining from 28,621.70 level on December 30, 2022 to 30,309.95...
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Earnings Preview: What To Expect From Microsoft Today Microsoft Inc. is scheduled to report earnings after today's close. Here's a closer look
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Will Textron Stock See Higher Levels Post Q4 Results? We expect TXT stock to trade sideways post-Q4, with its revenue expected to be in line and earnings above the street estimates.
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What To Expect From Altria's Q4?

Forbes - 24 Jan 2023 21:00
What To Expect From Altria's Q4? Although the company should continue to see a decline in cigarette volume, given the declining market and higher inflation, pricing growth will likely help offset the revenue loss from volume.
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Dozens of NYSE Stocks Halted in Opening Minutes

Wall Street Journal - 24 Jan 2023 20:46
Trading in stocks of companies such as Exxon, McDonalds and Walmart was temporarily frozen after wild price swings.
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Will Caterpillar Stock Rise After Q4 Results? We expect CAT stock to trade lower post-Q4, with revenue and earnings falling below the consensus estimates.
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Oil-Field Services Can Keep Fetching a Premium---From Customers

Wall Street Journal - 24 Jan 2023 20:33
Halliburton and SLB are having better luck fetching premium pricing from their oil-and-gas customers than they are from shareholders.
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Norfolk Southern Stock Looks Reasonably Priced As It Nears Q4 Although the company should continue to benefit from a shift toward lower-cost transportation alternatives, higher costs will likely weigh on its overall performance.
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Will CSX Stock Rise Post Q4 Results?

Forbes - 24 Jan 2023 20:00
Will CSX Stock Rise Post Q4 Results? Higher inflation has resulted in some shippers turning to low-cost alternatives, such as railroads.
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Learnings From Southwest's Operational Meltdown Cybersecurity is not the only technological risk corporations must account for. As a board member ask and see what your company's technical debt is. A glitch in the underlying / potentially antiquated infrastructure can ...
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How capital gains on equity are taxed across the world India is one of the first few countries to introduce tax on capital gains and it did so in 1946-47 (this was made permanent in 1956)
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The dichotomy between taxation of bond and bond mutual funds Holding period for LTCG eligibility is one year for bonds and three years for bond funds
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Can I buy land in a cooperative society without obtaining NOC? Any restriction imposed under an absolute sale deed which interferes in exercising ownership rights by purchaser, is not valid.
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Visa Stock To Top Consensus In Q1?

Forbes - 24 Jan 2023 18:45
Visa Stock To Top Consensus In Q1? The company outpaced the consensus estimates in the last quarter, with net revenues (total revenues minus client incentives) increasing 19% y-o-y to $7.8 billion.
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Nasdaq Stock Likely To Edge Past The Street Expectations In Q4 The exchange reported mixed results in the last quarter, with the net revenues (total revenues minus transaction-based expenses) marginally missing expectations, despite increasing 6% y-o-y to $890 million.
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New Meme-Stock Rally: Bed Bath & Beyond Surges, But Experts Warn Hype Poses 'Significant Risk' Any sustained meme-stock rally still seems unlikely, cautions one group of analysts, who posit traders will likely "rush to lock in profits before it's too late."
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Ex-Dividend Reminder: Pfizer, Unum Group And Signature Bank On 1/26/23, Pfizer, Unum Group, and Signature Bank will all trade ex-dividend for their respective upcoming dividends. Pfizer Inc will pay its quarterly dividend of $0.41 on 3/3/23, Unum Group will pay its quarterly divi...
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How To Play This Market Pullback For Cheap 6%+ Dividends I'm hearing from folks who are worried that 2023 will be another 2022.
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Energy Was Scarce in Europe Last Year. Credit Could Be Next.

Wall Street Journal - 24 Jan 2023 17:08
Early evidence points to a return to growth in the eurozone this year, but it could be short-lived as rising rates gradually filter through to the real economy.
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Quantum Computing Is Coming, And It's Reinventing The Tech Industry Quantum computing is a cutting-edge technology that could revolutionize computing and other industries in the coming years. Here's what investors should know.
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