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GenuineParts


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U.S. stocks weekly: Tap the brakes

RPT-BUZZ-U.S. stocks weekly: Tap the brakes Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX snaps six-week winning streak, loses 1% as corporate reports pour in .N ** This as the benchmark index sees another spooky turn ** Dow .DJI also ends six-week string of gains, though Nasdaq Composite .IXIC extends its winning streak to seven weeks ** With this, the composite finally scores a fresh record intraday high ** Benchmark U.S.
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U.S. stocks weekly: Tap the brakes

BUZZ-U.S. stocks weekly: Tap the brakes ** S&P 500 .SPX snaps six-week winning streak, loses 1% as corporate reports pour in .N ** This as the benchmark index sees another spooky turn ** Dow .DJI also ends six-week string of gains, though Nasdaq Composite .IXIC extends its winning streak to seven weeks ** With this, the composite finally scores a fresh record intraday high ** Benchmark U.S.
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U.S. BXP, Medpace Holdings, Starbucks

U.S. RESEARCH ROUNDUP-BXP, Medpace Holdings, Starbucks Oct 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including BXP, Medpace Holdings and Starbucks, on Wednesday. HIGHLIGHTS * BXP Inc BXP.N : Piper Sandler raises to overweight from neutral * Danaher Corp DHR.N : TD Cowen raises target price to $315 from $310 * Medpace Holdings Inc MEDP.O : Jefferies cuts target price to $305 from $345 * Starbucks SBUX.O : Stifel cuts ta
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U.S. STOCKS Freeport-McMoRan, A.O. Smith, Genuine Parts

BUZZ-U.S. STOCKS ON THE MOVE-Freeport-McMoRan, A.O. Smith, Genuine Parts Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes slipped on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors continued to evaluate earnings to assess the health of American companies.
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Genuine Parts tumbles 20%, tracking record drop on weak forecast, earnings miss

BUZZ-Genuine Parts tumbles 20%, tracking record drop on weak forecast, earnings miss Updates with milestones, changes headline ** Shares of automotive and industrial spare parts maker Genuine Parts Company GPC.N down 20% at $114.80 on Tues and on course for biggest daily drop ever after annual forecast cut, profit miss ** Stock hits lowest levels since Mar 2021 and is easily biggest S&P 500 ** GPC lowers FY profit forecast to $8.00 - $8.20 from prior forecast of $9.30 to $9.50 per share ** Co re
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U.S. STOCKS Lockheed Martin, General Motors, Philip Morris International

BUZZ-U.S. STOCKS ON THE MOVE-Lockheed Martin, General Motors, Philip Morris International Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
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Genuine Parts Co reports results for the quarter ended in September 30 - Earnings Summary

Genuine Parts Co reports results for the quarter ended in September 30 - Earnings Summary Genuine Parts Co GPC.N reported quarterly adjusted earnings of $1.88​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.49. The mean expectation of ten analysts for the quarter was for earnings of $2.42 per share.
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Genuine Parts slumps on annual forecast cut, Q3 profit miss

BUZZ-Genuine Parts slumps on annual forecast cut, Q3 profit miss ** Shares of automotive and industrial spare parts maker Genuine Parts Company GPC.N tumble 15% to $121.25 premarket ** GPC lowers FY profit forecast to $8.00 - $8.20 from prior forecast of $9.30 to $9.50 per share ** Co revised FY rev growth to 1%-2% vs 1%-3% previously ** Co posts Q
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U.S. STOCKS 3M, Verizon Communications, Kimberly-Clark

BUZZ-U.S. STOCKS ON THE MOVE-3M, Verizon Communications, Kimberly-Clark Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures fell on Tuesday as rising Treasury yields pressured rate-sensitive shares, while investors assessed the strength of the corporate sector from various company results.
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Genuine Parts cuts 2024 earnings forecast on industrial business weakness; shares dip

Genuine Parts cuts 2024 earnings forecast on industrial business weakness; shares dip Oct 22 (Reuters) - Auto parts replacement provider Genuine Parts GPC.N cut its 2024 earnings per share forecast on Tuesday, as third-quarter earnings per share missed estimates due to weakness in its industrial segment and market conditions in Europe. Shares of the company fell more than 9% in pre-market trading.
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Genuine Parts Q3 Sales USD 5,970.198 Million Vs. IBES Estimate USD 5,939 Million

BRIEF-Genuine Parts Q3 Sales USD 5,970.198 Million Vs. IBES Estimate USD 5,939 Million Oct 22 (Reuters) - Genuine Parts Q3 EPS USD 1.62. Q3 pretax profit USD 297.593 million vs. IBES estimate USD 446.3 million Q3 net income USD 226.582 million vs. IBES estimate USD 338.3 million outlook FY free cash flow USD 800-1,000 million outlook FY EPS USD 6.6
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Bonds bowl over the pins, IMF forecasts due

MORNING BID AMERICAS-Bonds bowl over the pins, IMF forecasts due A look at the day ahead in U.S. and global markets from Mike Dolan U.S. Treasuries are starting to balk at post-election fiscal prospects and the resulting spike in benchmark borrowing rates has knocked stock markets off their perch and lifted the dollar to its best level since early August.
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U.S. Autozone, Costco Wholesale, Walmart

U.S. RESEARCH ROUNDUP- Autozone, Costco Wholesale, Walmart Sept 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Autozone, Costco Wholesale and Walmart, on Wednesday. HIGHLIGHTS * Autozone Inc AZO.N : Evercore ISI raises target price to $3900 from $3350 * Costco Wholesale Corp COST.O : Evercore ISI raises target price to $985 from $925 * Home Depot Inc HD.N : Evercore ISI raises target price to $420 from $400 * Tra
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Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs

UPDATE 1-Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs Adds no immediate comments from companies, more details, more comments from letters in paragraphs 4-8 By David Shepardson WASHINGTON, Sept 6 (Reuters) - A bipartisan group of lawmakers asked the CEOs of six major auto parts retailers if they bought products from a Chinese company that may have evaded U.S.
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Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs

Lawmakers probe if US retailers bought Chinese auto parts that evaded tariffs WASHINGTON, Sept 6 (Reuters) - A bipartisan group of lawmakers asked the CEOs of six major auto parts retailers if they bought products from a Chinese company that may evaded U.S. tariffs, according to letters seen by Reuters on Friday. Representative John Moolenaar, a Republican chairs a House panel on China and the committee's top Democrat Raja Krishnamoorthi along with other lawmakers asked AutoZone AZO.N , O’Reil
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