McDonald's posted a strong profit in its second quarter and named a new chief of U.S. operations with sales at home under pressure as many Americans grow more cautious about spending. The Chicago burger chain earned $2.36 billion, or $3.32 per share, for the three months e
Space Exploration Technologies Corp (NASDAQ: SPCX) captivated the market when it went public back in June. And while it's down considerably from its peak, its valuation remains massive at around $1.4 trillion as of the end of last week Growth opportunities in not on
Quick Read - NOW stock has fallen 41% in a year yet trades at a forward P/E of 27, its cheapest valuation ever as a public company. - Unlike MSFT, NOW trades below its historical valuation, and unlike CRM, its cybersecurity business tops $1 billion, outgrowing every pure-play...<
McDonald's reports softer U.S. sales growth amid declining guest counts, offset by higher average checks and global gains. McDonald's second-quarter U.S. same-store sales rose 0.8%, decelerating from 2.5% growth in the year-ago period. The slowdown reflects a drop in domes
Aerospace supplier TransDigm reports stronger-than-expected quarterly results, driven by 23% year-over-year sales growth. TransDigm Group posted second-quarter non-GAAP earnings per share of $10.87, exceeding estimates by $0.54, as revenue reached $2.74 billion, $70 millio
CAT shares rally after Q2 earnings beat, driven by a 92% year-over-year increase in backlog to $72 billion. Caterpillar (CAT) reported stronger-than-expected Q2 earnings, fueled by a $72 billion backlog, up 92% from the same period last year. The heavy equipment maker’s pe
Bezos Sells $4 Billion In Amazon Stock As It Hits $3 Trillion For First Time. Cramer Calls It A “Buzzkill.” Quick Read - AMZN crossed $3 trillion market cap for the first time as AWS grew 37% to $42 billion, its fastest pace in 18 quarters. - Bezos's $4 billion sale was pr
Pfizer hikes revenue guidance to $60.5 billion to $62.5 billion Pfizer reported second-quarter results that topped estimates, driven by the stronger-than-expected performance of non-Covid products. The company now expects full-year revenue to total $60.5 billion to $6
The acquisition of Northern Comet Resources boosts Yari’s coal resource base to over 500 million tonnes in Queensland’s Bowen Basin. Yari Resources has entered a binding agreement to acquire 100% of the Arcadia Coal Project in central Queensland, increasing its coal resour
The ISM Manufacturing index rose to 55.6 in the latest report, signaling stronger factory activity and supporting equity market gains. US manufacturing activity expanded at a faster pace in the latest report, with the ISM Manufacturing index climbing to 55.6 from 53.3. The
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