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Market-Moving Event Alerts
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Hooray!🥳 This week, StockNews.AI identified and published 209 successful event alerts across sectors like tech, finance, and medical, accurately indicating both potential bullish or bearish price-changing direction!
*Data Captured Between 10/14 00:00am - 10/18 10:00 am EDT.
We are excited to announce the launch of our new AI Event Alert user interface. With over 70% accuracy in predicting "Very Bullish" and "Very Bearish" stocks, let’s make your investment simple with StockNews.AI today!
Top 3 news you can’t miss for today, 10/18.
*The information below reflects stock prices as of 10:00am EDT. Please note that stock prices may have changed since that time.
CNBC
BearishShortTerm 0.52%BAM&A
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
- Spirit AeroSystems to furlough 700 workers amid Boeing machinists' strike.
- Strike continues as Boeing machinists rejected labor deal for over six weeks.
- Boeing acquiring Spirit, which is cutting costs due to strike impact.
- 700 workers primarily impact 777 and 767 programs, not 737 Max.
Save you 3 mins to read
Full ArticleBenzenga
BullishLongTerm 0.37%INFNM&A
Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger
- Nokia to acquire Infinera for $6.65 per share, boosting sales.
- Nokia's 2024 Q2 revenue declined 21.8%, missing expectations.
- Mobile Networks segment saw a significant revenue drop of 24% YoY.
- The acquisition strengthens Nokia's Optical Networks segment, adding $1.5 billion.
- Nokia stock trends upward, forming an ascending triangle pattern.
GuruFocus
BullishLongTerm 0.5%GOOGLeadership Change
Google Announces Leadership Change in Search, Structural Changes in AI
- Nick Fox succeeds Prabhakar Raghavan in K&I leadership.
- Raghavan transitions to chief technologist role for technical direction.
- Gemini team now collaborates with Google DeepMind.
- AI advancements in Search and Shopping expected to boost market position.
- Leadership changes aim to enhance Google's product innovation.
Here’re the top 5 most-surged stocks of the week
*Penny stocks are not included in the list.
GlobeNewsWire
BearishShortTerm -26.42%MGPIEarnings
MGP Ingredients Provides Certain Preliminary Third Quarter 2024 Results and Updates Full Year 2024 Guidance
- MGPI expects Q3 2024 sales to decline 24% year-over-year.
- Branded Spirits segment saw a 6% sales decline, affecting market confidence.
- CEO indicates ongoing struggles in the whiskey market may persist.
- Projected financial guidance for 2024 revised downward from earlier estimates.
- Net income jump of 82% contrasts with declining sales figures.
PRNewsWire
BearishShortTerm -12.38%MANEarnings
ManpowerGroup Reports 3rd Quarter 2024 Results
- Q3 revenues fell to $4.5 billion, a 3% decline.
- Earnings per share dropped to $0.47 from $0.60.
- Cost actions were implemented due to a challenging operating environment.
- Manpower launched branches inside Walmart to enhance market presence.
- Common stock repurchase totaled $29 million during the quarter.
Business Wire
VerybullishLongTerm 9.06%TRVEarnings
Travelers Reports Excellent Third Quarter and Year-to-Date Results
- TRV reported Q3 net income of $1.260 billion, a 212% increase.
- Core income rose to $1.218 billion, primarily from underwriting gains.
- Net written premiums increased 8% to a record $11.317 billion.
- Combined ratio improved to 93.2%, indicating stronger profitability.
- TRV returned $496 million of excess capital to shareholders this quarter.
Business Wire
BullishShortTerm 8.52%WBSM&A
Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
- Webster Bank closed senior-secured financing for PK Companies Group's acquisition.
- PK specializes in regulatory-driven maintenance and inspection services.
- Marathon and Webster's partnership enhances tailored financing solutions.
- Webster Bank has total assets of $76 billion, focusing on middle market financing.
Business Wire
BullishShortTerm 7.93%BETREarnings
Better Home & Finance Holding Company to Announce Third Quarter 2024 Results on November 13, 2024
- BETR will announce Q3 2024 results on November 13, 2024.
- The conference call will start at 8:30 AM ET.
- BETR has funded over $100 billion in mortgage volume since 2017.
- BETR's technology enables quick mortgage approvals and closures.
- The company has received notable awards for online mortgage services.
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Disclaimer: The content provided in this Email should be used for informational purposes only and in no way should be relied upon for financial advice.
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