Endava PLCÂ DAVA came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this … Read more
Wall Street experienced a slightly positive session Tuesday, supported by investor optimism as the Federal Open Market Committee (FOMC) kicked off its two-day meeting, expected to deliver the first interest rate cut in over four years on Wednesday. The session’s notable performers were small caps, with the Russell 2000 index surging about 1.3%, targeting its … Read more
Making its debut on 11/08/2005, smart beta exchange traded fund SPDR S&P Insurance ETF KIE provides investors broad exposure to the Financials ETFs category of the market. What Are Smart Beta ETFs? For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to … Read more
Thursday, Moderna Inc MRNA unveiled key updates at its annual R&D Day by reducing annual R&D spending by $1.1 billion by 2027, enabling a focus on ten prioritized products. The company expects R&D expenses to fall from $4.8 billion in 2024E to $3.6 billion—$3.8 billion in 2027. The strategy, expanding its portfolio into oncology and rare diseases, positions … Read more
These ten large-cap stocks were the best performers in August. Are they in your portfolio? Affirm Holdings, Inc. AFRM shares escalated 66.58% in August. It reported strong fourth-quarter earnings and upbeat first-quarter guidance. CAVA Group, Inc. CAVA stock jumped 34.99%. The company reported better-than-expected second-quarter results, and analysts boosted stock price forecasts. Fortinet, Inc. FTNT shares rose 34.11%. It reported strong second-quarter … Read more
