Stocks that caught the eye this week

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Which stock headlines and analyst reports caught your eye this week? Here is a press overview that brings together various texts about exchanges.

December 18th

News from the market:

Japan’s Nippon Steel to buy US Steel for $14.9 billion. Japan’s Nippon Steel said it would buy US Steel in a deal valued at $14.9 billion, including debt, months after the steelmaker put itself up for sale.

Southwest Airlines accepts $140 million fine for 2022 holiday debacle. Southwest Airlines has agreed to a record $140 million civil penalty for the December 2022 holiday crisis that resulted in the cancellation of 16,900 flights and the stranding of 2 million passengers, the US government said.

Canada will announce that all new cars must be zero-emissions by 2035. Canada plans to announce this week that all new cars must be zero-emissions by 2035, a senior government source said, as Ottawa prepares to unveil new regulations in the latest example of the country pushing electrification around the world.

Wars raise US defense industry profit outlook in 2024. When the Pentagon called the world’s biggest defense suppliers into a meeting and asked them to ramp up production shortly after Russia invaded Ukraine, one CEO balked, saying they didn’t want to be left with a stockpile of missiles when the fighting stopped. to three people familiar with the discussion.

The EU opens proceedings against X in the first investigation under the new rules. The European Union has announced that it will launch an investigation into the digital services of social media companies (DSAs).


Costco (COST, $658.82): Shares have gained more than 20% in the past 2 months, and BMO remains bullish on its outlook. The retail giant posted solid results for the first quarter of its 2024 financial year last Thursday, and the stock price jumped 4.45% during Friday’s session to hit a new all-time high. Shares are up more than 45% year-to-date and more than 20% over the past three months.

Empire Company (EMP.A, $34.27): Headwinds weighed on results. The Nova Scotia grocery conglomerate, which owns the Sobeys supermarket chain, delivered slightly below-expected results in the second quarter of the 2024 financial year.

Cenovus Energy (CVE, $21.75): it’s Desjardins analyst’s first pick in the energy sector. As the end of each year approaches, Canadian oil company executives take the opportunity to announce their production forecasts and capital expenditure budgets for the coming year. This exercise allows financial analysts to verify their own forecasts regarding the prospects of firms in the sector. Cenovus performed this exercise last Thursday.

Click next for December 19 headlines:

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