Medtronic MDT (NYSE: MDT) recently reported its Q2 fiscal 2024 results (fiscal ends in April), with revenues and earnings beating our estimates, and we believe that MDT stock is undervalued, as discussed below. The company reported revenue of $8.0 billion and adjusted earnings of $1.25 per share compared to our…

The world’s transition toward a clean-energy future faces many challenges, the greatest of which is cost and the economic impact, according to Womble Bond Dickinson’s 2024 Energy Transition Outlook Survey report released Tuesday. The findings of the third annual survey revealed that while the “pathway to achieving net-zero ambitions is…

© Reuters. FILE PHOTO: A child looks at toys in a Target store ahead of the Thanksgiving holiday and traditional Black Friday sales in Chicago, Illinois, U.S. November 21, 2023. REUTERS/Vincent Alban/File Photo By Siddharth Cavale and Amina Niasse NEW YORK (Reuters) -The battleground for  retailers this U.S. holiday season…

By Max Hunder KYIV (Reuters) -Ukraine needs more air defences to protect its grain export routes as well as regions bordering Russia, President Volodymyr Zelenskiy said on Saturday, as he addressed an international summit on food security in Kyiv. “There is a deficit of air defence – that is no…

By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable. Suzuki made the remarks when asked about impacts from the weak…

Source: AdobeStock Tether and Bitfinex have agreed to settle their dispute regarding a Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek.  In a recent announcement, Tether hailed the move as a step towards greater transparency in the industry. While Tether and…

Stick with me for some “next level” dividend thinking. We have a potential opportunity right now to buy five payers yielding up to 14.9% as the economy heads into recession. Wait, what? Why would we want to buy stocks as the economy slows? Well, we don’t want to own any…

It was a magnificent day for the stock market Tuesday, highlighted by a strong performance by the Magnificent Seven technology giants, led by Tesla Inc. and Apple Inc. shares. The S&P 500 index SPX powered up 1.9%, with 466 components gaining ground, while the tech-friendly Nasdaq-100 Index NDX bulled 2.1%…

© Reuters. SOUTH AFRICA – In a significant development in the ongoing corruption investigations surrounding South Africa’s Kusile power station, engineering giant ABB (ST:) has agreed to pay over R2.5 billion in punitive reparations into the country’s Criminal Asset Recovery Account. This settlement comes after the company admitted to inflating…

Investing.com– Most Asian currencies crept lower on Tuesday, while the dollar clocked small gains before key U.S. inflation data that is expected to determine the path of monetary policy. Concerns over China also weighed on regional sentiment, as data showed a further slowdown in in the country through October. This…