NBCUniversal's Peacock Raises Prices First Time Since Launch, Warren Buffett Sells Majority of Activision Blizzard Stake Before Microsoft Deal Approval, Novartis Launches $15B Share Buyback: Today's Top Stories
Portfolio Pulse from Vandana Singh
NBCUniversal's Peacock streaming service is raising its subscription prices for the first time since its debut in 2020. Novartis AG has reported Q2 FY23 sales of $13.62 billion, up 7% Y/Y, and is initiating a $15 billion share buyback program. Lockheed Martin Corp reported Q2 FY23 net sales growth of 8.1% Y/Y to $16.69 billion. Morgan Stanley reported Q2 earnings per share of $1.24, beating the consensus of $1.15. Toyota Motor Corporation will provide hydrogen-powered vehicles to test a high-speed hydrogen refueling station in Abu Dhabi. Bank Of New York Mellon Corporation reported a Q2 total revenue increase of 5% Y/Y to $4.45 billion. Bank of America Corp reported Q2 FY23 net income growth of 19% Y/Y to $7.4 billion. AstraZeneca Plc and Sanofi SA's Beyfortus (nirsevimab) for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants has been approved by the FDA. Warren Buffett's Berkshire Hathaway Inc sold 70% of its exposure to Activision Blizzard Inc in the second quarter. Taiwan Semiconductor Manufacturing Company Ltd shares are trading lower Tuesday amid reports that the company will likely report a 27% decline in Q2 net profit. Verizon Communications Inc is launching an investigation to clarify the extent of potential lead contamination probably linked to its aging phone cables.
July 18, 2023 | 1:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Warren Buffett's Berkshire Hathaway Inc sold 70% of its exposure to Activision Blizzard Inc in the second quarter. This could potentially decrease investor confidence.
The sale of a significant portion of Berkshire Hathaway's stake in Activision Blizzard could potentially decrease investor confidence in the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company Ltd shares are trading lower Tuesday amid reports that the company will likely report a 27% decline in Q2 net profit. This could potentially decrease investor confidence.
The expected decline in net profit could potentially decrease investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Verizon Communications Inc is launching an investigation to clarify the extent of potential lead contamination probably linked to its aging phone cables. This could potentially decrease investor confidence.
The potential lead contamination issue could potentially decrease investor confidence in the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NBCUniversal's Peacock streaming service, owned by Comcast Corporation, is raising its subscription prices. This could potentially impact subscriber growth but also increase revenue.
The price increase could potentially deter new subscribers, but it could also increase revenue for the streaming service.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AstraZeneca Plc and Sanofi SA's Beyfortus (nirsevimab) for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants has been approved by the FDA. This could potentially increase investor confidence.
The FDA approval of Beyfortus could potentially increase investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bank of America Corp reported Q2 FY23 net income growth of 19% Y/Y to $7.4 billion. This could potentially increase investor confidence.
The reported net income growth could potentially increase investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Bank Of New York Mellon Corporation reported a Q2 total revenue increase of 5% Y/Y to $4.45 billion. This could potentially increase investor confidence.
The reported revenue growth could potentially increase investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Lockheed Martin Corp reported Q2 FY23 net sales growth of 8.1% Y/Y to $16.69 billion. This could potentially increase investor confidence.
The reported sales growth could potentially increase investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley reported Q2 earnings per share of $1.24, beating the consensus of $1.15. This could potentially increase investor confidence.
The reported earnings beat could potentially increase investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Novartis AG has reported Q2 FY23 sales of $13.62 billion, up 7% Y/Y, and is initiating a $15 billion share buyback program. This could potentially increase shareholder value.
The reported sales growth and the initiation of a share buyback program could potentially increase shareholder value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Toyota Motor Corporation will provide hydrogen-powered vehicles to test a high-speed hydrogen refueling station in Abu Dhabi. This could potentially increase investor interest in the company's hydrogen technology.
The company's involvement in the testing of a high-speed hydrogen refueling station could potentially increase investor interest in its hydrogen technology.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80