The Motley Fool

A slew of analyst price target cuts greeted the company's weak second-quarter earnings report.

Is UPS Stock Going to $160? 1 Wall Street Analyst Thinks So.

Shares of Procter & Gamble (PG) tumbled Tuesday when the consumer products giant missed revenue estimates as sales of its beauty products and diapers declined. P&G reported fiscal 2024 fourth-quarter revenue was basically unchanged from last year at $20.53 billion, affected by “unfavorable foreign exchange impacts,” while the average of analysts surveyed by Visible Alpha came in at $20.75 billion. Adjusted earnings per share (EPS) of $1.40 was above forecasts.

Procter & Gamble Dinged By Beauty and Diaper Sales Declines

BP (NYSE: BP) raised its dividend by 10% and extended its buyback program as it booked better-than-expected earnings for the second quarter of the year. The UK-based supermajor reported on Tuesday $2.8 billion in underlying replacement cost profit – the metric closest to net profit – for April to June, up from $2.7 billion for the previous quarter.

BP Boosts Dividend as Q2 Earnings Top Estimates

Amazon (NASDAQ:AMZN) is set to report its earnings for the fiscal second quarter on August 1, with Citi analysts expecting strong revenues and an overall better-than-expected print. Analysts project Amazon’s Q2 revenue to be around $149 billion, which is 40 basis points above the consensus estimates. They also estimate...

Citi: Expect solid Amazon revenues and 2Q beat, margin expectations biggest risk

Management from Landstar System said Tuesday that truckload rates appear to have stabilized and may be recovering. It reported weaker-than-normal volumes for July but said increases in revenue per load are outpacing typical seasonal patterns. The Jacksonville, Florida-based freight broker said it normally sees a 4% decline in loads per...

Landstar sees stabilizing trends, still awaiting TL market turn

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Over the past three years, giant trading houses and trading desks of Big Oil companies have taken advantage of the extreme volatility in oil and energy prices to make a killing in the markets. Beginning 2021, dozens of oil and commodity traders including Vitol, Trafigura Group, Glencore Plc (OTCPK:GLCNF), Gunvor Group and Mercuria saw their profits explode thanks to their ability to leverage their storage facilities, global network of terminals and shipping fleets to cash in on supply disruptions and soaring energy prices.

The Oil Trading Boom Has Finally Fizzled Out

Fernandina Beach, FL

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Akeena

The Surf Restaurant Bar Grill & Motel, a longtime fixture in Fernandina Beach since 1957, recently faced a temporary shutdown following a state inspection on July 8, 2024. Known for its casual beachside vibe and comfort food menu featuring favorites like burgers, wings, and pizza, The Surf has been a go-to spot for both locals and tourists seeking a relaxed dining experience.

Florida restaurant closes due to 235 rodent droppings found in multiple locations during inspection

EQT Corp., a leading Appalachian gas producer, is working on a strategic initiative to sell the remaining 60% stake in its non-operated Northern Marcellus assets. Driven by the ambition to decrease its debt, this action also lies within the company’s broader plan to concentrate on its core operations. The...

EQT Corp plans to sell Northern Marcellus assets

Today's leading rate is still a remarkable 6.00% APY, offered by Nuvision Credit Union for a 10-month term. But it's set to expire on July 31 and is limited to a $5,000 deposit. The next-best CD rates top out at 5.51% for either 3 or 6 months from TotalBank, followed...

Top CD Rates Today, July 29, 2024 - 2 Days Left To Snag a Guaranteed 6% Until 2025

Diageo American depositary receipts (ADRs) are plunging Tuesday as its full-year sales through June were dragged lower by declines in Latin America and the Caribbean (LAC) and a weak North American market. CEO Debra Crew said Europe, Africa, and Asia Pacific growth was "resilient," but "materially weaker" LAC sales and...

Diageo Plunges as Johnnie Walker Maker Reports LatAm, North American Weakness

HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data released on Tuesday by energy researcher Enverus. Blockbuster mergers, such as ConocoPhillips’ (COP.N) $22.5 billion offer for...

U.S. Oil and Gas Mergers Continue at Furious Pace in Q2

The Consumer Confidence Index improved in July, coming in better than economists expected. However, the gap between how consumers feel about the current state of the economy and the future of the economy is narrowing, which some economists said could be a recession indicator. Job availability is also dragging on...

Consumers' Views on the Current and Future Economy Are Aligning. Why That May Be Bad

UPS' historically high yield is a compelling passive income opportunity.

Should You Buy This 5.1%-Yielding Dividend Stock at a 4-Year Low?

McDonald’s has revealed its Q2 earnings, and the results show that the fast-food giant missed estimates across the board. According to Yahoo! Finance, McDonald’s consumers are once again tightening their belts in Q2 due to financial difficulties. The firm released Q2 numbers on Monday morning, July 29, and...

McDonald’s Reported Q2 Earnings Missed Estimates

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Markets Insider

The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues, Goldman Sachs predicted.

The US will be an oil production powerhouse through at least 2026, Goldman Sachs says

Solar power stocks dipped following a report about an FBI warning of the potential for hackers to hit the renewable energy sector. The FBI sent businesses a Private Industry Notification (PIN) that "malicious cyber actors" could try to disrupt their operations. Officials noted that legislation hoping to spur renewable energy...

Solar Power Stocks Fall on Concerns About Potential Hackers

Vista Outdoor shares rose in premarket trading Tuesday after the company said it would conduct a review of all of its options after months of offers to acquire parts or all of its business. The Czechoslovak Group, a defense company, has made a number of bids to acquire Vista's Kinetic...

Vista Outdoor Stock Rises After Plans To Review Options Amid Bidding War

The Associated Press

Pfizer now expects 2024 earnings to wind up well above analyst expectations after starting the year with a forecast that disappointed Wall Street. The drugmaker also said Tuesday that sales growth for non-COVID related drugs like the blood thinner Eliquis helped it deliver a better-than-expected performance in the recently concluded second quarter. Company shares climbed in early morning trading. Overall, the drugmaker’s net income tumbled 98% to $41 million in the quarter, hit by a roughly $1.3 billion restructuring charge for a manufacturing optimization program.

Drugmaker Pfizer hikes 2024 forecast again after initially underwhelming Wall Street

NewsBreak

Higher Midstream Revenue Boosts Results at Phillips 66

Shares of Phillips 66 (PSX) jumped in intraday trading Tuesday after the energy company posted better-than-anticipated results on higher midstream profit. The company reported second-quarter earnings...

Higher Midstream Revenue Boosts Results at Phillips 66

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