Medtronic Shares Hit Fresh Record High as Q1 Earnings Beat Forecasts; Target Price $142

Medtronic shares hit a fresh record high on Tuesday after the medical device company reported better-than-expected earnings in the fiscal first quarter and lifted its full-year profit guidance.

The Dublin-based company said its first-quarter GAAP net income and diluted earnings per share (EPS) were $763 million and $0.56, respectively, increases of 57% and 56%, respectively. As detailed in the financial schedules included at the end of this release, first quarter non-GAAP net income and non-GAAP diluted EPS were $1.908 billion and $1.41, respectively, increases of 128% and 127%, respectively. That was higher than the Wall Street consensus estimates of $1.32 per share.

The company reported first-quarter worldwide revenue of $7.987 billion, an increase of 23% as reported and 19% on an organic basis, which excludes the $245 million benefit of foreign currency translation. That was higher than the market expectations of $7.8 billion.

Medtronic said the first-quarter results reflect a

Swiss Central Financial institution Owns Record $162 Billion of U.S. Shares

(Bloomberg) — The Swiss Countrywide Financial institution owned U.S. equities truly worth a history $162 billion as of stop June, reaping the rewards of a rallying industry.

Knowledge released on Friday confirmed the SNB held shares in 2,642 corporations, which includes a $6 billion stake in Amazon Inc. and a single truly worth $1.1 billion in Exxon Mobil Corp.

The quarterly submitting to the Securities and Exchange Fee delivers a unusual little bit of perception into the SNB’s unique fairness holdings, which it has accrued throughout its very long-managing campaign to weaken the franc through forex-sector interventions.

Climate-modify activists have taken a eager interest in central banks’ asset buys, and a team of protesters in the Swiss money of Bern known as on the SNB on Friday to offer its investments in corporations that damage the environment.

With overseas-exchange reserves of much more than 920 billion francs ($1.01 trillion), the

S&P 500 returns to a record high after best day in weeks | National News

2021 Final Record Of U S Small Business Grants

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World Marketplaces-European shares dip, Bitcoin hits record superior

* Graphic: International asset general performance

* Graphic: Planet Forex fees

LONDON, Feb 12 (Reuters) – World shares dipped on Friday as investors awaited progress in direction of much more U.S. fiscal stimulus, while the greenback was set for a weekly reduction and cryptocurrency Bitcoin strike a record superior.

European shares fell at the start out of buying and selling, with the pan-European STOXX 600 index down .2% on the working day. Germany’s DAX was down .7%. Britain’s FTSE 100 fell .35% and France’s CAC 40 fell .3%.

Italy’s FTSEMIB index fell .8% on the working day, with the country’s bond yields were around file lows.

Marketplaces in China and most of Southeast Asia are shut on Friday for the Lunar New Yr. China’s stock and bond markets, overseas exchange and commodity futures markets are shut by way of Feb. 17 for the vacation.

Futures for the S&P

CCL Industries Announces Fourth Quarter and Record 2020 Results Toronto Stock Exchange:CCL-A

Fourth Quarter Highlights

  • Per Class B share(3): $0.84 adjusted basic earnings up 25.4%; $0.81 basic earnings up 37.3%; currency translation neutral
  • Sales increased 5.7% on 2.5% organic growth, 0.4% positive currency translation, and 2.8% acquisition growth
  • Operating income improved 22.7%, with a 15.8% operating margin(1)up 220 bps
  • Annual dividend increase of 16.7% effective March 17, 2021

2020 Highlights

  • Per Class B share(3): a record $3.08 adjusted basic earnings, up 10.4%; $2.96 basic earnings up 10.4%; currency translation positive $0.01
  • Sales decreased 1.5% due to 3.9% organic decline, partially offset by acquisition-growth of 2.1% and 0.3% positive currency translation
  • Operating income(1) increased 4.6%, with a 15.7% operating margin(1) up 90 bps
  • Consolidated leverage ratio improved to 1.24 for 2020

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — CCL Industries Inc. (TSX:CCL.A) (TSX:CCL.B) (“the Company”), a world leader in specialty label, security

U.S. Design Spending Hits Record Large in December | Investing Information

FILE Image: A normal perspective of downtown Los Angeles, with a working construction internet site, the working day right after California issued a keep-at-household buy due to coronavirus illness (COVID-19) in Los Angeles, California, U.S., March 20, 2020. REUTERS/Lucy NicholsonReuters

WASHINGTON (Reuters) – U.S. construction paying out raced to a history high in December as traditionally low home loan fees driven outlays on private initiatives.

The Commerce Department mentioned on Monday that design shelling out elevated 1.% to $1.490 trillion, the maximum amount given that the authorities begun tracking the series in 2002. Info for November was revised larger to display development outlays surging 1.1% alternatively of .9% as previously claimed.

Economists polled by Reuters experienced forecast development investing would increase .9% in December. Development shelling out rose 5.7% on a yr-on-yr foundation in December. Design paying, which accounts for about 4% of gross domestic solution, sophisticated 4.7% in

Charting market rotation, S&P 500 presses record territory


Technically speaking, the major U.S. benchmarks continue to trend higher amid rotational market price action.

Against this backdrop, the S&P 500 has challenged its range top early Tuesday, rising to press record territory from a shaky, but successful, test of its breakout point.

chart, line chart

chart, line chart

Before detailing the U.S. markets’ wider view, the S&P 500’s  hourly chart highlights the past two weeks.

As illustrated, the S&P has weathered Monday’s brief whipsaw under the breakout point (3,826) a move that swiftly filled last week’s gap.

The subsequent bullish reversal — to close near session highs — places record territory just overhead. The S&P’s latest bull-flag breakout attempt is underway early Tuesday.


True to recent form, the Dow Jones Industrial Average  continues to lag behind.

The index briefly tagged record highs last week without technically breaking out.

The prevailing pullback preserves a range-bound near-term backdrop. Tactically, the Dow’s former range bottom,