🚀 S&P 500 Buybacks Jump 22% YoY; AbbVie’s M&A Deal to Boost Immunology; Progressive Reports 48% Surge in November Net Income 📈
Market-Moving Event Alerts
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This week, StockNews.AI identified and published 137 successful event alerts across multiple sectors — nearly four times the number from the previous week!
Notably, 27 of these alerts featured price changes exceeding 10%, with several identifying downtrends that provided valuable insights for proactive decision-making 💡.
*Data collected from 12/09 12:00 AM to 12/13 11:00 AM EDT.
*Penny stocks are excluded from the 10%+ price change analysis.
The highly anticipated Analytics feature, powered by an intuitive dashboard, is launching soon! Designed to help you make smarter, faster decisions, it will save you time and elevate your financial strategies. Stay tuned for the big reveal!
Top 3 news you can’t miss for today, 12/13.
PRNewsWire
BullishShortTermSPGIEarnings
S&P 500 Q3 2024 Buybacks Decrease 4.0% from Q2 2024, as 12-month Expenditure Increases 4.7% from Previous Year; Earnings Per Share Increases from Buybacks Improves; Buybacks Tax Results in a 0.42% Reduction in Q3 Operating Earnings and 0.48% Reduction in
- Q3 2024 buybacks totaled $226.6 billion, down 4% from Q2 2024.
- Buybacks increased by 22.1% compared to Q3 2023, signaling a recovery.
- Top 20 companies accounted for 53.2% of total buybacks this quarter.
- The 1% buyback tax reduced Q3 2024 earnings slightly by 0.42%.
- Dividends rose 2.4% to a record $157.0 billion in Q3 2024.
PRNewsWire
BullishLongTermABBVM&A
AbbVie to Acquire Nimble Therapeutics, Further Strengthening Immunology Pipeline
- AbbVie acquires Nimble for $200 million, enhancing autoimmune pipeline.
- Nimble's lead asset is an oral IL23R inhibitor for psoriasis.
- Acquisition enables faster discovery of peptide therapeutics for various diseases.
- Nimble's technology aligns with AbbVie's expertise in immunology.
GlobeNewsWire
VeryBullishShortTermPGREarnings
Progressive Reports November 2024 Results
- Progressive's net premiums written increased by 18% in November 2024.
- Net income rose by 48% compared to November 2023.
- The combined ratio improved to 85.6 from 91.1, indicating greater profitability.
- Policies in force for personal auto surged by 21% year-over-year.
- Total commercial lines experienced a 4% increase in policies.
Here’re the top 5 most-surged stocks this week.
*Penny stocks are not included in the list.
GlobeNewsWire
BullishShortTerm 35.57%LQDTEarnings
Liquidity Services Announces Fourth Quarter Fiscal Year 2024 Financial Results
- Q4 2024 GMV rose 14% to $361 million.
- Revenue increased 34%, totaling $106.9 million.
- GAAP EPS for Q4 was $0.20, up from last year.
- Cash balance of $155.5 million with zero debt.
- Share buybacks authorized totaling $10 million.
PRNewsWire
BullishShortTerm 26.08%KEQUEarnings
Kewaunee Scientific Reports Results for Second Quarter of Fiscal Year 2025
- Sales fell 5.3% to $47.76 million from last year.
- Net earnings increased to $3.01 million, up from $2.73 million.
- Domestic sales rose 6.5%, driven by higher product demand.
- International sales dropped 30.1% due to construction delays in India.
- The order backlog reached a historic high of $184.4 million.
PRNewsWire
VerybullishLongTerm 21.41%AVGOEarnings
Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend
- AVGO's Q4 revenue reached $14,054 million, up 51% year-on-year.
- AI revenue rose 220% in 2024, totaling $12.2 billion for AVGO.
- First quarter 2025 revenue guidance is $14.6 billion, up 22% year-on-year.
- Quarterly dividend increased to $0.59 per share, reflecting strong cash flow.
- Total net revenue for fiscal 2024 reached $51.6 billion, a historic peak.
Business Wire
VerybullishLongTerm 12.13%GAMBM&A
Gambling.com Group Enters into Definitive Agreement to Acquire Odds Holdings, Parent Company of OddsJam, a Fast-Growing Technology Platform for Real-time Odds Data, in Accretive Transaction
- Gambling.com Group acquires Odds Holdings for up to $160 million.
- Acquisition adds recurring revenue and enhances market footprint.
- OddsJam's technology improves real-time odds data and service offerings.
- Expected to generate $26 million revenue and $12 million EBITDA in 2024.
- Transaction aims for $100 million annual Adjusted EBITDA growth.
GlobeNewsWire
BearishShortTerm -8.63%OXMEarnings
Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Johnny Was Reports Third Quarter Results
- Oxford Industries reported Q3 2024 net sales down to $308 million.
- Loss per share reached $0.25, a decline from $0.68 last year.
- Hurricanes caused estimated sales losses of $7 million across affected quarters.
- Consumer spending decreased due to inflation and U.S. election distractions.
- Company lowered fiscal 2024 sales and EPS guidance due to weak conditions.
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