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Here are the biggest analyst calls of the day: FedEx, UPS, Slack & more

Here are the biggest calls on Wall Street on Tuesday

5 years ago

Murray Energy joins growing list of coal companies to declare bankruptcy

Murray Energy, once the nation's largest privately held coal company, has filed for Chapter 11 bankruptcy protection.

5 years ago

U.S. strike weighs on GM 2019 profit outlook

General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.



5 years ago

Pentagon announces F-35 jet prices for next three years

The Pentagon announced pricing details on Tuesday for its agreement with Lockheed Martin Co that lowers the cost of the F-35 jets it plans to purchase through 2022 by 12.7%, which may encourage other nations to buy warplanes.



5 years ago

Merck to ramp up Gardasil vaccine production, flags 'tempered' sales growth in 2020

Merck & Co Inc said on Tuesday it intends to ramp up production of its top-selling vaccine Gardasil in 2023 and warned of a slowdown in revenue growth next year as demand for the therapy outpaces supply.



5 years ago

Amazon's one-day delivery is the next big threat to retail industry, Morgan Stanley says

E-commence giant Amazon's one-day shipping is poised to pose a big threat to retailers, according to Morgan Stanley.

5 years ago

S&P 500 flat on mixed earnings reports; Alphabet weighs on Nasdaq

The S&P 500 hovered near its record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while a disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory.



5 years ago

Boeing CEO faces tough questions from U.S. lawmakers at hearing

Boeing Co Chief Executive Dennis Muilenburg, at the start of two days of testimony before U.S. lawmakers, faced tough questions on Tuesday on the crashes of two 737 MAX planes that killed 346 people and sparked calls for reforms.



5 years ago

India's IndiGo places historic order for 300 Airbus planes

Indian budget carrier IndiGo has placed an order for 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices, handing the European planemaker what could be its biggest ever order from a single carrier.



5 years ago

Air Canada sees year-end capacity up despite 737 MAX grounding, shares jump

Air Canada said on Tuesday it expects higher capacity and revenues during the last three months of 2019, after reporting lower-than-expected third-quarter profit in the wake of the grounding of Boeing Co's 737 MAX jets.



5 years ago

U.S. consumer confidence slips in October

U.S. consumer confidence unexpectedly fell in October amid household concerns about the short-term outlook for business conditions and job prospects.



5 years ago

Pfizer raises 2019 forecast as sales of cancer drug, heart medicine surge

Pfizer Inc posted third-quarter profit well above analysts' estimates on higher sales of cancer drug Ibrance and new heart medicine Vyndaqel, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year.



5 years ago

Russia's Sberbank to buy stake in Mail.ru to expand in digital economy

Sberbank has agreed to buy Gazprombank's holding stake in internet company Mail.ru as Russia's largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.



5 years ago

GM earnings beat lifts shares but U.S. strike weighs on outlook

General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.



5 years ago

Merck sees ongoing Keytruda strength as its sales top $3 billion in quarter

Merck & Co Inc on Tuesday said it expected immunotherapy Keytruda to continue its market dominance as an initial treatment for advanced lung cancer as sales of the drug topped $3 billion in a quarter for the first time, beating lofty Wall Street estimates.



5 years ago