Why Applied Industrial Technologies (AIT) is a Top Growth Stock for the Long-Term

GOBankingRates
In 5 Years, These 8 Stocks Will Be More Valuable Than Amazon
Amazon stock shares are up a whopping 76% in the past year, as of May 6. What's more, the company reported strong first quarter earnings on April 30, with operating income of $15.3 billion, according...
Yahoo Finance AU
RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at a 12-year high of 4.35 per cent.
Yahoo Finance
The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
Bloomberg
China’s Surging Industrial Loans Aren’t Going to Its Factories
(Bloomberg) -- As China’s industrial capacity emerged as a key trade issue, a surge in Chinese bank loans to the sector has often been cited as evidence that Beijing is engaging in a renewed manufacturing push that could flood global markets with cheap goods.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate
Reuters
Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates
(Reuters) -ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its concerns about challenges in Australian and global economies. Cash profit fell 7% to A$3.55 billion ($2.35 billion) for the six months ended March 31, only slightly above a Visible Alpha consensus estimate, compiled by UBS, of A$3.54 billion. "Both the domestic and international environments are expected to remain challenging across the remainder of the year," ANZ CEO Shayne Elliott said.
Simply Wall St.
Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years
For us, stock picking is in large part the hunt for the truly magnificent stocks. You won't get it right every time...
Reuters
Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday. Trump Media & Technology Group said in a filing with the SEC on Monday that it had switched to Semple, Marchal & Cooper on Saturday. The change was recommended and approved by the company's audit committee.
Reuters
BHP insists Anglo American's South African assets must go in any takeover, sources say
BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39 billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place. Anglo American owns 78.6% of Amplats and 69.7% of Kumba.
Bloomberg
Tycoon Richard Li Said to Near Fiber Sale to China Merchants
(Bloomberg) -- PCCW Ltd., the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd., according to people familiar with the matter.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate Storm
Simply Wall St.
Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts
Bicycle Therapeutics plc ( NASDAQ:BCYC ) shareholders will have a reason to smile today, with the analysts making...
Bloomberg
Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash
(Bloomberg) -- Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyInstacart users in the US will be able to order from hundr
BBC
House prices stagnate as mortgage rates increase
Mortgage deals have been rising as expectations of an imminent interest rate cut fade.
Reuters
Axon raises full-year revenue forecast on strong demand for its software products
The company now expects full-year 2024 revenue to be between $1.94 billion and $1.99 billion, compared with its previous forecast of $1.88 billion to $1.94 billion. Axon is the leading maker of police body cameras in the U.S. and supplies drones to law enforcement agencies in North America, Europe and Australia. It expects adjusted core profit in the range of $430 million to $445 million, up from its previous forecast range of $410 million to $430 million.
GOBankingRates
6 Money Moves You Should Make If You Have $70K in a Checking Account
You've gotten a taste for saving money -- which is great. But your money is now just sitting idle and losing value to inflation -- which is not so great. So where do you go from here to keep enough...
PA Media: UK News
AB InBev sales grow but Bud Light boycott continues to drag on US arm
Sales growth continued to be driven by higher pricing, with the volume of drinks sold by the company down 0.6%.
Reuters
Ferrari shares decline as it sticks to full-year forecasts
Ferrari's core earnings rose 13% in the first quarter helped by sales of models such as the 2 million-euro ($2.2 million) Daytona SP3 limited-series luxury car and a greater contribution from personalised vehicles. Shares at the luxury sportscar maker, however, fell on Tuesday as Ferrari confirmed its full-year forecasts, failing to excite investors despite what its CEO Benedetto Vigna called a "very positive" start to the year. The result was also helped by strong pricing power and product and country mix, and Vigna said the Italian company had produced double-digit growth for both revenue and profits despite stable car deliveries.
Simply Wall St.
Investors in Big River Industries (ASX:BRI) have seen notable returns of 90% over the past five years
It hasn't been the best quarter for Big River Industries Limited ( ASX:BRI ) shareholders, since the share price has...
Bloomberg
Battery Developer Backed by Paulson, Gates Files for Bankruptcy
(Bloomberg) -- Ambri Inc., which has been trying to build an industrial-scale battery for 14 years, filed for bankruptcy after it ran through all the cash it had received from investors, including firms tied to Microsoft Corp. co-founder Bill Gates and hedge fund billionaire John Paulson.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-T
Bloomberg
Disney Shares Decline on Outlook Despite Path to Profit
(Bloomberg) -- Walt Disney Co. shares tumbled the most in a year and a half after the company reported a tepid outlook for growth in streaming subscribers in the current quarter and said that visits to parks are expected to moderate from peak post-Covid levels.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimat
Bloomberg
Rents Set to Be Last Domino to Fall in Global Inflation Battle
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Why Applied Industrial Technologies (AIT) is a Top Growth Stock for the Long-Term

Latest stories

In 5 Years, These 8 Stocks Will Be More Valuable Than Amazon

RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update

The biggest risk to investing in 'Magnificent 7' stocks like Nvidia and Amazon, according to top CEOs

China’s Surging Industrial Loans Aren’t Going to Its Factories

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

Whitehaven Coal's (ASX:WHC) investors will be pleased with their enviable 692% return over the last three years

Trump Media dismisses auditor BF Borgers amid SEC fraud charges

BHP insists Anglo American's South African assets must go in any takeover, sources say

Tycoon Richard Li Said to Near Fiber Sale to China Merchants

Upgrade: Analysts Just Made A Massive Increase To Their Bicycle Therapeutics plc (NASDAQ:BCYC) Forecasts

Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash

House prices stagnate as mortgage rates increase

Axon raises full-year revenue forecast on strong demand for its software products

6 Money Moves You Should Make If You Have $70K in a Checking Account

AB InBev sales grow but Bud Light boycott continues to drag on US arm

Ferrari shares decline as it sticks to full-year forecasts

Investors in Big River Industries (ASX:BRI) have seen notable returns of 90% over the past five years

Battery Developer Backed by Paulson, Gates Files for Bankruptcy

Disney Shares Decline on Outlook Despite Path to Profit

Rents Set to Be Last Domino to Fall in Global Inflation Battle