Accuray Third Quarter 2024 Earnings: Misses Expectations

CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Futurism
Man Buys Used Tesla, Discovers Horrendous Issue
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
Moneywise
‘You guys are seriously broke’: Dave Ramsey delivers wake up call to Iowa couple making nearly $200,000
"We just kinda went crazy"
Yahoo Finance Video
Nvidia's long-term growth is uncertain: Analyst
Nvidia (NVDA) will post its first quarter earnings for the 2024 fiscal year next week, with many on Wall Street watching closely as the tech giant led recent rallies in the tech sector. One of the chip giant's competitors, AMD (AMD), has just partnered with Microsoft (MSFT) to offer its products to Microsoft's cloud computing customers. Wedbush Equity Research SVP Matt Bryson and Truist Securities Managing Director William Stein join Market Domination to give insight into what investors should expect from Nvidia's earnings, how AMD stands in the sector, and how investors should navigate the chip sectors. Stein argues that Nvidia's short-term future is most likely successful, but uncertainty mounts down the line: "I think certainly they're going to beat this quarter. And I think they're going to beat in the out quarter guide as well. But I think the real question is what happens through this year and into next year's numbers. Does the company give us an indication that we're going to continue to see growth and very strong demand, both for units and for integrated systems, where the company is getting the growth from?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
CNN Business
Why we care so much about the Dow, the stock market’s dumbest index
The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it.
Bloomberg
Norway Wealth Fund Blacklists Adani Ports Citing Ties to War
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd. from its portfolio, citing “unacceptable” risks that the company is tied to human rights violations in war and conflict zones.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptJamie Dimon Sees ‘Lot of Inflationary Forces
Insider Monkey
Is Meta Platforms (NASDAQ:META) The Best AI Stock Pick of Billionaire Stanley Druckenmiller?
Insider Monkey recently analyzed billionaire Druckenmiller’s latest Q1’2024 portfolio to see which AI stocks the billionaire was buying. Meta Platforms Inc (NASDAQ:META) is part of the 10 Best AI stocks to Buy According to Billionaire Stanley Druckenmiller. But the interesting question to answer is: Is Meta really the best AI pick of Druckenmiller? Meta Platforms […]
Bloomberg
China Sells Record Sum of US Debt Amid Signs of Diversification
(Bloomberg) -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying
Bloomberg
GameStop Rout Reaches $8 Billion After Plan to Sell Shares
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyChina Sell
Investing.com
Deutsche Bank lifts S&P 500 target on strong earnings
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
Reuters
Siemens misses profit forecast as customers stick to trend of destocking
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
Investing.com
Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the S&P 500 gaining 25.3%.
CNN Business
China unveils ‘historic’ rescue for crisis-hit property sector as home prices slump again
China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases.
Yahoo Finance Video
China unveils plans to revitalize its property market
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Bloomberg
A Heavy Monsoon Season Is Great News for These Indian Stocks
(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Dat
Yahoo Finance
A surging stock market may not need a catalyst — but it's getting one
As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once again. And almost no big stocks ever post that many triple-digit gains in a row.
CNN Business
Billionaires Jamie Dimon and Ray Dalio sound the alarm on soaring US government debt
The chorus of voices warning about the dangers of record US government debt is growing louder.
Fortune
Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant
The retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.
Bloomberg
India’s Biggest Junk Bond Faces Creditor Demands as Delay Sought
(Bloomberg) -- India’s biggest ever high-yield rupee corporate bond, held by a number of global private credit funds, is casting a spotlight on pockets of stress within the nation’s credit markets. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Infla
Yahoo Finance Video
Markets in need of a 'reality check,' S&P could fall: Analyst
As companies continue to surprise with their first quarter earnings reports, delivering better-than-expected results, some investors believe that these beats alone may not be sufficient to sustain market growth. UBS Investment Bank Chief Strategist Bhanu Baweja joins Catalysts to provide insights into market outlooks for growth. Baweja views market upside as "reasonably limited" due to high stock valuations. However, he acknowledges that companies still maintain high margins, staples companies excel, and the earnings picture remains "reasonably robust." Nonetheless, he believes the economy is headed toward "a palpable slowdown," potentially affecting earnings results in the coming quarters. "You could actually see the market going sub 5000 before it rises up again because we do need a reality check in terms of earnings expectations for next year and year after next," Baweja told Yahoo Finance. Baweja notes that markets are currently expecting strong growth due to high earnings coupled with low inflation. While this dynamic was visible in 2023, Baweja cautions that it is not likely to persist. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

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Accuray (NASDAQ:ARAY) Third Quarter 2024 Results

Key Financial Results

Accuray Revenues and Earnings Miss Expectations

Risk Analysis

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