News

Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 9.1% year on year to $3.11 billion. On the other hand, next quarter’s revenue guidance of $2.83 billion was less impressive, coming in 1.5% below analysts’ estimates. Its non-GAAP profit of $3.18 per share was 1.7% above analysts’ consensus estimates.

Snack food company J&J Snack Foods (NASDAQ:JJSF) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.1% year on year to $362.6 million. Its non-GAAP profit of $0.33 per share was 44.4% below analysts’ consensus estimates.

Automaker stocks tumbled on Monday following impending imposition of President Trump’s tariffs on goods coming from Canada and Mexico.

Traders were relieved to hear tariffs against Mexico would be delayed. Markets hope a similar resolution can be reached before tariffs on Canada kick in.

EV Maker Led Magnificent 7 Decliners Monday

Data-mining and analytics company Palantir (NYSE:PLTR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 36% year on year to $827.5 million. On top of that, next quarter’s revenue guidance ($860 million at the midpoint) was surprisingly good and 7.2% above what analysts were expecting. Its non-GAAP profit of $0.14 per share was 23.7% above analysts’ consensus estimates.

Aerospace and defense company Woodward (NASDAQ:WWD) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.8% year on year to $772.7 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $3.4 billion at the midpoint. Its non-GAAP profit of $1.35 per share was 13.9% above analysts’ consensus estimates.

Arthur Hayes predicts Bitcoin will hit $250K, driven by global money printing as the U.S., China, Japan, and Europe flood markets with liquidity.

Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans, but they weren’t exactly rushing to make changes.

Inflation in Brazil is expected to ease further this year and near the mid-point of the central bank's 3% target by mid-2026, President Luiz Inacio Lula da Silva said in a written message to Congress on Monday. The slowdown in prices will benefit from the increase in the interest rate differential between Brazil and other economies, which should help with exchange-rate dynamics, according to the document. Last week, Brazil's central bank hiked interest rates by 100 basis points and signaled another increase in March.