Stock Market News

  • Data from a phase II study shows that AMGN's obesity drug MariTide leads to sustainable weight loss, robust improvements in cardiometabolic parameters and strong HbA1c reduction.

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    The Global X Defense ETF offers global exposure to companies in the defense technology sector. Valuations of holdings in the ETF are near or at all-time highs. President-elect Trump has given mixed signals on how the US might evolve defense spending going forward.

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    Ambarella, Inc.'s AI edge demand is promising, but sales levels remain modest, leading to a slightly bullish stance when the stock trades between $50 and $75. The company reported strong FQ3 growth, driven by AI inference processors, but faces challenges with weak ADAS demand and reduced automotive backlog. With a strong balance sheet and potential for future growth, the stock is a slight buy, ideal for trading between $50 and $100.

  • Dylan Carden, William Blair analyst, joins CNBC's 'The Exchange' to discuss outlooks on the beauty industry.

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    Aixtron shares have plummeted 40% due to weak SiC and GaN tool demand, weakness in telecom, and delays in microLED projects, reflecting broader industry challenges. The last two quarters showed declining revenue and profitability, with significant order slippage and weak demand across major markets. Aixtron's expertise and leadership in SiC and GaN wafer tools is underappreciated today, but management can do little to stimulate demand in the face of challenges in key markets.

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    European Residential REIT has liquidated nearly half its portfolio at close to NAV. CAPREIT, controlling 65% of ERES, is steering the REIT towards complete liquidation, with a special meeting set to authorize asset sales and wind-up. With a low debt ratio post-sales, the risk is very low; expect a potential 28% return within 12 months.

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    Walmex, the largest supermarket chain in Mexico, has faced a challenging year due to macroeconomic factors, including a 38% drop in shares. Despite the downturn, Walmex maintains high ROE (20-25%), consistent revenue growth (8-10%), and strong margins, making it a resilient business. The Mexican peso's decline and Trump's tariff threats have significantly impacted Walmex, but these issues are likely priced in, with potential stabilization in 2025.

  • Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

  • GES' third-quarter results reflect top-line growth from the rag & bone buyout, and core business. It lowers the fiscal 2025 view due to currency fluctuations and freight costs.

  • JWN posts solid third-quarter fiscal 2024 results. Sales at the Nordstrom Rack banner increase 10.6% year over year.