Sales Forecasts Weak

We're buying more of a stock that has gone on sale since reporting earnings

The purchase will increase the stock's weighting in our portfolio to 2.75% from 2.58%.

Business - CNBC - October 14

True Value declares bankruptcy, lines up sale to rival hardware chain

True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.

Johnson & Johnson’s stock falls despite Q3 sales beat and guidance raise

Johnson & Johnson reported better-than-expected third-quarter sales and raised its full-year revenue guidance.

Business - MarketWatch - October 15

Ericsson Expects Market to Stabilize as Key North America Sales Rise

The Swedish telecommunications-equipment company said its key networks unit saw an 80% surge in North America sales in the third quarter after winning contracts and as some large customers made ...

Business - The Wall Street Journal - October 15

LVMH shares down 7% after warning of ‘uncertain’ outlook

World’s largest luxury group hit by pullback in Chinese consumer spending

Business - Financial Times - October 16

National Retail Federation predicts record 2024 holiday sales

Holiday sales are poised to set a new record in 2024 and could increase by as much as 3.5 percent from 2023, the National Retail Federation (NRF) announced Tuesday. The NRF forecasts holiday retail ...

Politics - The Hill - October 15

Trump's coin sale misses early targets as crypto project's website crashes

Former President Donald Trump's launch of the token sale for his crypto project on Tuesday was plagued by problems.

Business - CNBC - October 16

EU sticks to 2035 deadline for ban on sale of new petrol-driven cars

Remarks prepared for incoming climate commissioner defend controversial measure

World - Financial Times - October 16

Klarna sells loans to hedge fund Elliott to free up £30bn for growth

Firm founded by US financier Paul Singer will take on risks and returns of the ‘buy now, pay later’ portfolio

Business - Financial Times - October 16

Chrysler and Jeep maker sees North American deliveries dive 36%

Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024

Business - MarketWatch - October 16

ASML says chip-market slump will mainly impact sales to China

A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China ...