TARGET SALES FORECAST
India's economic slowdown: Which way are the gears shifting?
India's GDP growth slowed to 5.4% in July-September FY25, below RBI's 7% projection. Corporate earnings for top Indian companies showed the weakest growth in years. The Tata Group seeks to pursue growth despite uncertainties. Economists revised down their full-year growth estimates and flagged inflation and high-interest rates as major concerns.
HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery
Traditional PC demand has weakened after a post-pandemic boom, while AI-powered computers have yet to see mass adoption despite some interest from corporate and education sectors. The expected computer upgrade cycle due to Microsoft ending support for Windows 10 and transitioning to Windows 11 has been slower than anticipated.
Prestige Estates Projects shares drop over 5% after Morgan Stanley cuts target price and rating
Prestige Estates Share Price: Shares of Prestige Estates dropped 5% after Morgan Stanley downgraded the stock to 'Underweight' citing slower pre-sales growth and reduced FY25 estimates, with a revised target price of Rs 1,510.
LTIMindtree aiming for $10 billion revenue by 2032. What brokerages say
LTIMindtree targets $10 billion revenue by FY32 but faces execution risks and margin pressures. Brokerages remain cautious with mixed ratings and target prices.
Goldman Sachs has a flattish target for next 3 months; sees 1-2 quarters of downgrade left: Sunil Koul
Goldman Sachs predicts a tough financial environment for India in the near future, with a slowdown in growth and earnings. However, they anticipate a turnaround in the latter half of the next calendar year, driven by stabilizing consumption, RBI rate cuts, and improved earnings visibility in sectors like auto, telecom, and financials.
Black Friday Sale 2024 impact on US Stocks: Big test for shares of retailers
Black Friday Sale 2024 will take place on November 29, a day after Thanksgiving 2024 is celebrated on November 28.
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Buy Suzlon Energy, target price Rs 68: Geojit Financial Services
Suzlon Share Price: Geojit Financial Services has issued a buy call for Suzlon Energy, setting a target price of Rs 68. They project a 67% CAGR in WTG deliveries for FY24-27E, driven by anticipated growth in Indian wind installations. Geojit cites attractive valuations, recent order wins, and the acquisition of Renom Energy as key drivers for their positive outlook.
Wall Street ends mixed, Nvidia shares slip after the bell
The Nasdaq dipped on Wednesday, halting its previous rally, as investors reacted to heightened Russia-Ukraine tensions and disappointing Target earnings. Meanwhile, the Dow and S&P 500 saw modest gains. Market sentiment was also influenced by anticipation surrounding Nvidia's earnings, which were released after the closing bell.
Trump, rupee and economic growth: What's in store for India in 2025?
DBS Bank predicts India's economic growth will moderate to 6% in 2025 and 2026, influenced by factors like a potential Trump return and domestic challenges. Despite this, India's long-term outlook remains positive, with expectations of becoming the world's third-largest economy, fueled by infrastructure investments and a stable macroeconomic environment.
Eicher Motors shares rally 8% after steady Q2 earnings. What analysts say
Eicher Motors Share Price: Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the company¡¯s announcement of an 8% increase in standalone net profit, reaching Rs 1,010 crore for the quarter ending September 2024.
Hot stocks: Brokerage view on Apollo Hospitals, Gujarat Gas, JSPL, Polycab and Tata Steel
Brokerage firms have varied recommendations: JP Morgan rates Apollo Hospitals overweight, Citi downgrades Gujarat Gas, Morgan Stanley is positive on JSPL, while Jefferies gives a buy rating to Polycab.
RBI's Shaktikanta Das said economic activity remains strong, warns October inflation print could be above 5.5%
RBI Governor Shaktikanta Das stated that India's economy remains robust but warned of escalating inflation, potentially surpassing September's 5.5%. He indicated that high inflation might deter interest rate cuts in the upcoming December policy review. Das also highlighted the resilience of India's financial sector and its ability to withstand global economic fluctuations.
Novartis CEO 'very confident' on sales target, doesn't fear patent cliff
Novartis expects to increase its annual sales by least 5% per year in the coming years, CEO Vas Narasimhan said in an interview on Saturday.
Apple offers modest growth outlook after iPhone sales help beat profit expectations
Apple's AI-enhanced iPhone sales exceeded Wall Street expectations, but the company's modest future revenue forecast raised concerns. China sales declined in the fourth quarter, causing some analysts to worry. Apple's overall revenue and profit were strong, but some product lines missed expectations. The company's services business is expected to grow, but hardware revenue might decline.
AMD shares slump as forecast disappoints AI-focused investors
AMD could lose around $20 billion in market value, based on premarket movements. The company has been one of the biggest winners of the chip demand boom sparked by the rise of generative AI, with its shares up nearly 156% since end-2022.
RBI's rosy growth forecast baffles economists
The Reserve Bank of India (RBI) maintains a positive growth forecast for India's economy, predicting a 7.2% expansion for the year ending March 2025. This is significantly higher than the government's projection of 6.5%-7% and investment banks like Goldman Sachs, which have lowered their estimates to 6.5%. The RBI attributes its optimistic outlook to improving rural spending and private investment, despite concerns over sluggish urban consumption and declining exports.
Tesla surprises with sales forecast and cost efficiency, shares jump
Tesla CEO Elon Musk expects vehicle sales to grow 20% to 30% next year, reassuring investors about the company's profitability in selling electric vehicles. Musk also mentioned plans to roll out driverless vehicles offering paid rides next year in California and Texas after regulatory approval. Tesla aims to expand its vehicle lineup by 2025.
Gold prices flat as traders await fresh catalysts
Gold prices remained steady as traders anticipated new signals from the Federal Reserve regarding U.S. interest rate cuts. Fed Governor Christopher Waller called for caution on rate reductions, while President Neel Kashkari indicated potential further cuts. Investors are also eyeing upcoming U.S. economic data.
Investec upgrades Godrej Properties stock to 'Buy', forecasts 33% upside
Investec upgraded Godrej Properties to 'Buy' with a target price of Rs 4,200, highlighting strong growth, diversification, and brand recognition supporting sustainable sales performance.
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day, with no definite timeline for recovery provided.
Target to hire 100,000 seasonal employees, launches early holiday promotions
Target plans to hire about 100,000 seasonal workers for the holiday season, similar to the past three years, despite expectations of frugal spending by inflation-weary shoppers. Walmart and Bath & Body Works also maintain their seasonal hiring levels. Retailers are launching discounts and promotions early to attract value-seeking customers.
Vaccine maker Moderna forecasts lower sales next year, shares tumble 17% to near four-year low
Moderna has delayed its break-even goal by two years, pushing it to 2028, due to slower regulatory processes for key products like flu and cancer vaccines. The company expects lower sales in 2025 compared to this year and plans cost-saving measures, including cuts in research and development.
Dollar Tree cuts annual forecasts after dour quarter on weaker demand; shares drop 22%
Dollar Tree joined main rival Dollar General in cutting annual forecasts after missing quarterly estimates on Wednesday as the discount store operator struggles to attract price-sensitive shoppers amid rising competition.
France's Atos cuts financial targets but says restructuring still on track
Atos - once seen as one of Europe's champions in the software and technology sector - has been teetering on the brink of financial collapse in recent months. However, it secured a crucial restructuring deal with banks and bondholders in June. The company's leverage ratio is also now expected to come below a multiple of 2.0 during 2027, later than a previous end-2026 deadline, and Atos also lowered its 2027 revenue and operating margin targets.
Dell shares rise 4% as AI server demand boosts results, forecasts
Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts.
Target raises 2024 profit forecast after price cuts boost quarterly sales, shares up 16%
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.
Amazon says consumers cautious, forecasts revenue below Wall Street targets
Amazon.com experienced a slowdown in online sales growth during the second quarter, as consumers opted for cheaper products. This cautious spending behavior caused an almost 8% decline in Amazon shares. Despite beating analyst expectations in profits and cloud computing sales, stiff competition and budget-conscious shoppers impacted Amazon¡¯s projections for the upcoming quarter.
Amazon says consumers cautious, forecasts revenue below targets
Amazon's online sales growth slowed in the second quarter as consumers sought cheaper options, causing shares to drop nearly 8%. Despite exceeding profit and cloud computing sales estimates, future sales forecasts disappointed investors. Amazon Web Services saw notable growth, but retail sector performance remained a concern.
Facebook parent Meta sees strong global ad sales while keeping AI costs in check
Meta Platforms outperformed market predictions for second-quarter revenue and offered a positive third-quarter outlook, highlighting strong digital advertising on its social media apps. Revenue rose 22% to $39.1 billion. This growth eased investor worries about Meta's heavy spending on AI and its metaverse unit, Reality Labs, despite continued substantial investments.
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