Latest news with #TajinderDhillon
India.com
28-06-2025
- Sport
- India.com
Good news for Nita Ambani's MI, star player creates new record…
In Major League Cricket (MLC) 2025, Nicholas Pooran is leading MI New York. In the 18th match of the season, he smashed a brilliant century against the Seattle Orcas. Nicholas Pooran has produced a spectacular knock in the Major League Cricket (MLC) 2025 season with an unbeaten 108 off 60 balls against Seattle Orcas. His innings was violent and was a major help that drove MI New York to an enormous score. Due to explosive hits of Pooran and Tajinder Dhillon, MI New York scored 237/4 in their 20 overs. It was also the second-best team score in MLC history and it underlines the fact that their batting just dominated in this game. Pooran made his century off merely 55 balls, indicating that he is returning to his best following a first-half of the season that was subdued. Having entered the scene with the premature dismissal of Quinton de Kock, Pooran was on full assault throughout, ending his innings not out with a strike rate of 180. His knock consisted of 7 fours and 8 sixes and was his 4th T20 century. Pooran was involved in a 158-run stand in the third wicket with Tajinder Dhillon, highest partnership in the history of MLC. Tajinder Dhillon narrowly missed out with a century, as he scored a monstrous 95 on 35 balls. He had 8 boundaries and 8 sixes during his innings at an insane strike rate of 271.43. Even though this was a match-changing knock by Pooran, he has not performed well in the entire season. He has scored 174 runs in 6 matches at an average of 34.80-in this match alone, he scored 108.
Reuters
24-03-2025
- Business
- Reuters
First-quarter US earnings outlook looks less rosy with tariff worries in focus
NEW YORK, March 24 (Reuters) - Analysts are turning more cautious on U.S. corporate earnings for the first quarter of this year, with the Trump administration's policies threatening to trigger a global trade war that could undermine economic growth. Apple, opens new tab (AAPL.O), opens new tab, Tesla (TSLA.O), opens new tab and Ford Motor (F.N), opens new tab are among companies contributing the most to recently lowered estimates for the quarter, along with some insurers, whose projections have been hurt by fires in California early this year, according to Tajinder Dhillon, senior research analyst at LSEG. S&P 500 forecasts for the first quarter of 2025 have fallen by 4.5 percentage points since January 1, the largest downward revision since the fourth quarter of 2023, he said. Earnings growth for S&P 500 companies is now seen at 7.7% year-over-year, which would be the lowest since 2023's third quarter and a big decline from 17.1% in the fourth quarter of 2024, based on Friday's LSEG data. While a handful of companies have already reported on the quarter, the unofficial start of the first-quarter season is still weeks away. "You know there's this negative bias out there. You just don't know to what degree," said Michael O'Rourke, chief market strategist at JonesTrading in Stamford, Connecticut. Earnings estimates typically decline in the weeks ahead of a new reporting period as companies guide more conservatively, but the majority of companies often go on to beat those lowered expectations. Fears that import tariffs and retaliation by U.S. trade partners, along with government cutbacks under President Donald Trump in the first months of his second term, might push the economy into recession have increased in recent weeks. On March 13, the S&P 500 (.SPX), opens new tab confirmed it is in a correction by ending down more than 10% from its February 19 record high close. "A lot of people are worried about things like tariffs ... Really, it's a broad economic slowdown that is the one thing that would be very difficult for companies to contend with," said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute. Some investors have hoped that first-quarter earnings could provide a catalyst for gains in the market after the sharp selloff. The S&P 500 is still trading at a multiple of 21 times forward earnings, compared with a 10-year average price-to-earnings ratio of about 18, based on LSEG data. Apple on January 30 reported earnings for the quarter ended December 28 that beat analysts' expectations, but iPhone sales and China revenue for the holiday quarter were weak because of competition in China and a slow rollout of artificial intelligence features. On Thursday, the Information reported, citing sources, that Apple is losing more than $1 billion a year on its streaming service Apple TV+. Tesla sales fell in Scandinavia and France in February from a year ago, according to registration data, as the company faced a brand loyalty test amid CEO Elon Musk's role in the Trump administration's push to cut federal spending. Even after a nearly 40% drop in Tesla shares since the start of the year, the stock is trading at more than 80 times forward earnings expectations. Tesla's earnings per share estimate for the March quarter is down to 47 cents from 70 cents in late January, based on LSEG data. Ford in February projected up to $5.5 billion in losses on its electric vehicle and software operations this year. Automakers have been in focus, with the White House saying earlier this month that Trump will exempt them from his punishing 25% tariffs on Canada and Mexico for one month. Some analysts see the California wildfires in January as among the costliest natural disasters for insurers. Travelers Companies (TRV.N), opens new tab said in February that it sees $1.7 billion of pre-tax catastrophe losses from the wildfires. In the airline industry, shares tumbled recently as Delta Air Lines (DAL.N), opens new tab and others sharply cut earnings forecasts, citing uncertainty about consumer spending.
Yahoo
14-02-2025
- Business
- Yahoo
US fourth-quarter 2024 earnings growth set to be highest in three years
By Caroline Valetkevitch NEW YORK (Reuters) - S&P 500 earnings growth for the fourth quarter of 2024 is on track to be the highest since the end of 2021, according to LSEG, thanks to much stronger-than-expected results in communication services, financials and other sectors. With reports in from nearly 70% of the S&P 500 companies as of Wednesday, fourth-quarter earnings are estimated to have risen 15.1% from a year earlier, up from an estimate of 9.6% growth at the start of January, based on data compiled by LSEG. Fourth-quarter 2024 growth is set to be the highest quarterly earnings increase for the S&P 500 since the fourth-quarter of 2021, said Tajinder Dhillon, senior research analyst, analytics, at LSEG Data & Analytics. Growth for the 2021 quarter was 32.1%, he said, amid a bounceback from COVID-19 pandemic weakness. The S&P 500 communication services sector, which includes companies such as Meta Platforms, is leading estimated fourth-quarter earnings gains among sectors, with year-over-year growth of 32.2%. That's followed by financials, with estimated growth of 29.9%, and consumer discretionary, with 24.8%, based on LSEG data. "Earnings are holding up because the U.S. consumer is strong," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Results have helped to support the stock market despite worries that the Federal Reserve may not cut interest rates anytime soon and uncertainty over the impact of tariffs from the Trump administration. "At the end of the day, the stock market is about those 500 companies in the S&P 500 - their earnings, their dividend policy and growth trajectory. That is actually what defines a market," Dollarhide said. Sign in to access your portfolio
Reuters
12-02-2025
- Business
- Reuters
US fourth-quarter 2024 earnings growth set to be highest in three years
NEW YORK, Feb 12 (Reuters) - S&P 500 earnings growth for the fourth quarter of 2024 is on track to be the highest since the end of 2021, according to LSEG, thanks to much stronger-than-expected results in communication services, financials and other sectors. With reports in from nearly 70% of the S&P 500 (.SPX), opens new tab companies as of Wednesday, fourth-quarter earnings are estimated to have risen 15.1% from a year earlier, up from an estimate of 9.6% growth at the start of January, based on data compiled by LSEG. Fourth-quarter 2024 growth is set to be the highest quarterly earnings increase for the S&P 500 since the fourth-quarter of 2021, said Tajinder Dhillon, senior research analyst, analytics, at LSEG Data & Analytics. Growth for the 2021 quarter was 32.1%, he said, amid a bounceback from COVID-19 pandemic weakness. The S&P 500 communication services (.SPLRCL), opens new tab sector, which includes companies such as Meta Platforms (META.O), opens new tab, is leading estimated fourth-quarter earnings gains among sectors, with year-over-year growth of 32.2%. That's followed by financials (.SPSY), opens new tab, with estimated growth of 29.9%, and consumer discretionary (.SPLRCD), opens new tab, with 24.8%, based on LSEG data. "Earnings are holding up because the U.S. consumer is strong," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Results have helped to support the stock market despite worries that the Federal Reserve may not cut interest rates anytime soon and uncertainty over the impact of tariffs from the Trump administration. "At the end of the day, the stock market is about those 500 companies in the S&P 500 - their earnings, their dividend policy and growth trajectory. That is actually what defines a market," Dollarhide said.
NBC News
06-02-2025
- Business
- NBC News
Amazon set to pass Walmart in revenue for first time
Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue. For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to LSEG senior research analyst Tajinder Dhillon. Walmart remained in the lead after oil prices tumbled in subsequent years from their previously lofty levels of more than $100 per barrel. In its earnings release after the close of trading Thursday, Amazon is expected to report revenue of $187 billion, according to analysts surveyed by LSEG. Walmart reports on Feb. 20, and is projected to announce sales of $180 billion. Walmart, which is often dubbed the world's biggest retailer, in reference to its revenue, still leads the way when it comes to annual sales. The company has turned in more than $600 billion in sales in each of the past two years. That number is expected to reach nearly $681 billion for the latest fiscal year. Amazon is catching up. Based on fourth-quarter estimates, Amazon's full year revenue for 2024 will come in at around $638 billion, marking the first time it's surpassed the $600 billion milestone. One big reason Amazon has shot up the charts is its cloud business, Amazon Web Services. Revenue at AWS has more than doubled since 2020 and now accounts for about 17% of total sales. The Covid pandemic also dramatically altered consumer behavior toward online shopping, which has helped Amazon's annual North America sales increase more than 100% since 2019, the year before the pandemic. Very few companies ever even reach $100 billion in revenue in a quarter. In addition to Walmart and Amazon, Apple has done so, but only during the holiday quarter, its key iPhone selling period. Last week, Apple reported revenue for the latest quarter of $124 billion. The newest member of the exclusive $100 billion club is UnitedHealth, which saw its top line climb past that mark in the first quarter of last year and then again in the third and fourth quarters. The two companies closest to joining the group, with a little bit of growth, are CVS Health and McKesson. CVS exceeded $95 billion in revenue in the September quarter, while McKesson hit $94 billion.
