Rivian Automotive Inc. is scheduled to announce its quarterly earnings on Tuesday after the bell. This update comes after the company's controversial decision to offer $1.5 billion worth of convertible debt, which received backlash from investors. Additionally, Rivian will soon face competition from Tesla Inc., which plans to release its electric pickup truck, the Cybertruck, … [Read more...] about Rivian’s Quarterly Earnings Update
Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Air Products & Chemicals Inc. (APD) announced its fiscal fourth-quarter results on Tuesday, with net income rising to $692.6 million, or $3.11 per share, compared to $583.1 million, or $2.62 per share, in the same period last year. The adjusted earnings per share of $3.15 surpassed the FactSet consensus of $3.11. Revenue Falls Below Expectations However, the company's … [Read more...] about Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Strong Q3 Sales Growth Expected for Arezzo Industria e Comercio
Shares of Brazilian footwear and accessories maker Arezzo Industria e Comercio rose by 3.2% following a positive report from Citi Research analysts. The analysts predict that the company will experience strong sales growth in the third quarter. The shares are currently valued at 60.04 reais ($12.33), which represents a decrease of 26% compared to the end of last year. In … [Read more...] about Strong Q3 Sales Growth Expected for Arezzo Industria e Comercio
Bank of America Stock Upgrade
Bank of America Corp. (BAC) has received an upgrade from Keefe, Bruyette & Woods, moving up from underperform to market perform. This upgrade comes after the recent shift in the market and the drop in 10-year Treasury yields, which have had an impact on bank stocks. According to KBW analyst David Konrad, the recent stock market rally and the decrease in 10-year Treasury … [Read more...] about Bank of America Stock Upgrade
A Vision for a New Entertainment Complex in New York
New York Mets owner Steve Cohen has unveiled an ambitious plan to create an $8 billion entertainment complex surrounding the team's home, Citi Field. Known as Metropolitan Park, this expansive project aims to revitalize the area with a music venue, casino, hotels, and more. The centerpiece of Metropolitan Park will be a new venue that replaces Citi Field's current parking lots. … [Read more...] about A Vision for a New Entertainment Complex in New York
