Last week, 7 companies from the S&P 500 index reported. Today, we are going to analyze the results of Micron Technology. Its revenue amounted to $7.7B. It grew by +17.5% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +1.3%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +5.0%. However, Utilities (+19.2%) та Real Estate (+16.3%) sectors performed better. Among the industries, the best performers over the period were Real Estate Management & Development (+38%), and Independent Power And Renewable Electricity Producers (+36%). Among the companies, the best performers over the period were GE Vernova (+45%), Builders Firstsource (+40%) and Kellanova (+40%).
Over the past three months, the tobacco industry (Tobacco) has been one of the top growth leaders in the S&P 500 index, up 17.3%. Some of the largest companies in this industry (by market capitalization): Philip Morris International ($186.1B) and Altria Group ($86.3B). They both manufacture tobacco products and alternative smoking products. Until 2008, PMI was the international division of Altria Group.
Last week, 5 companies from the S&P 500 index reported. Today, let's take a look at Lennar's results. Its revenue is $9.4B. It grew by +1.9% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +3.0%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +4.3%. However, Real Estate (+17.3%) та Utilities (+16.7%) sectors performed better. Among the industries, the best performers over the period were Real Estate Management & Development (+34%), and Independent Power And Renewable Electricity Producers (+26%). Among the companies, the best performers over the period were Kellanova (+40%), GE Vernova (+39%) and Mohawk Industries (+39%).
The US central bank has started a cycle of key policy rate cuts, by 50 bp at once. This will reduce the cost of debt servicing, increase demand for loans, and stimulate the economy. Markets are optimistic, but there are also doubts. Fed Chairman Powell assured that the economy is doing well, with unemployment and consumer spending doing well. However, analysts remind us of the possible reckoning for two and a half years of high rates, recalling the 2008 crisis. Will there be a “soft landing”? The future will tell. This is a quick review from Ivan Kompan, Edinburgh Business School analyst.
Last week, 3 companies from the S&P 500 index reported. Today, we are going to look at Adobe's results. Its revenue is $5.4B. It grew by +2.5% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +0.7%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +3.6%. However, Real Estate (+18.2%) та Utilities (+13.0%) sectors performed better. Among the industries, the best performers over the period were Real Estate Management & Development (+33%), and Household Durables (+23%). Among the companies, the best performers over the period were Mohawk Industries (+37%), Kellanova (+37%) and D. R. Horton (+35%).
Over the past three months, one of the leaders of growth in the S&P 500 index has been the information technology services industry (IT Services) +15.3%. Some of the largest (by market capitalization) companies in this industry: Fiserv ($100.1B), which provides fintech services for financial institutions in the United States with a staff of about 42 thousand employees, and Cognizant Technology Solutions ($38.0B), which provides consulting and outsourcing services to the world's largest enterprises in the financial services, media and communications, and healthcare sectors with a staff of about 300 thousand employees.
Last week, 3 companies from the S&P 500 index reported. Today, let's take a look at Nvidia's results. Its revenue is $30.0B. It grew by +20.7% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +7.0%. Let's analyze the company's business in more detail.
