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UK-focused funds hit hard as investors pull cash from stocks, Calastone says
  • February 4, 2025

UK-focused funds hit hard as investors pull cash from stocks, Calastone says

British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, funds network Calastone said on Wednesday. After a wave of bullish sentiment in late 2024 when investors poured money into equity, bond and mixed asset funds, Calastone said UK investors started 2025 "in a more pessimistic mood." UK-focused funds lost 1.07 billion pounds of cash, despite British shares hitting record highs, Calastone said.

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Morning Bid: Markets confounded by Trump's Gaza proposal
  • February 4, 2025

Morning Bid: Markets confounded by Trump's Gaza proposal

First off, nobody knows what to make of President Donald Trump's sudden suggestion that the United States take over the Gaza strip and turn it into the Riviera of the Middle East - once the Palestinians are resettled elsewhere, of course. It's not clear if this was a serious proposal, given it sounds eerily reminiscent of an idea floated last year by Trump's son-in-law Jared Kushner that Gaza's waterfront property could be very valuable and Israel should remove civilians while the strip was cleaned up. Markets have seemingly taken it with a pinch of salt and there's been no obvious reaction in oil prices.

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Adani, Tata Profit Misses Add to Alarm Over India Stocks Outlook
  • February 4, 2025

Adani, Tata Profit Misses Add to Alarm Over India Stocks Outlook

(Bloomberg) -- A deepening slowdown in corporate earnings is fueling fresh concern over India’s $4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWh

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Kimball Electronics (NASDAQ:KE) Misses Q4 Sales Targets
  • February 4, 2025

Kimball Electronics (NASDAQ:KE) Misses Q4 Sales Targets

Global electronics contract manufacturer Kimball Electronics (NYSE:KE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 15.2% year on year to $357.4 million. The company’s full-year revenue guidance of $1.42 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.29 per share was 28.9% above analysts’ consensus estimates.

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Columbia Sportswear (NASDAQ:COLM) Beats Q4 Sales Targets But Stock Drops
  • February 4, 2025

Columbia Sportswear (NASDAQ:COLM) Beats Q4 Sales Targets But Stock Drops

Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.5% year on year to $1.10 billion. On the other hand, next quarter’s revenue guidance of $756.5 million was less impressive, coming in 5.3% below analysts’ estimates. Its GAAP profit of $1.80 per share was 7.3% below analysts’ consensus estimates.

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Mercury Systems (NASDAQ:MRCY) Surprises With Strong Q4, Stock Jumps 17.6%
  • February 4, 2025

Mercury Systems (NASDAQ:MRCY) Surprises With Strong Q4, Stock Jumps 17.6%

Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 13% year on year to $223.1 million. On top of that, next quarter’s revenue guidance ($223.1 million at the midpoint) was surprisingly good and 5.3% above what analysts were expecting. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.

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