5 stocks to watch on Friday: XOM, CVX, LULU and more

Category: Finance

Apple reported better-than-expected earnings for FQ3 2024, with iPhone sales declining less than anticipated. The finance chief forecasts a similar revenue growth rate for the fourth quarter, while challenges persist in the Chinese market with a 6.5% year-over-year sales drop.

Keywords: Apple, Earnings Report, iPhone Sales

Source: Seeking Alpha

Update At: 8/2/2024

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5 Ways You Can Save Tax Without Making Fresh Investments

The Income Tax Act, 1961 provides various deductions under both the new and old tax regimes to help reduce tax liability. Key deductions include those for travel expenses, housing loan interest, tuition fees, donations, life insurance premiums, and medical insurance premiums. Taxpayers can claim significant deductions, with specific limits and conditions outlined for each section, including 80C, 80D, 80E, and 80G.

Outlook India

Old Vs New Tax Regime After Proposed Hike in Basic Tax Exemption Limit in Budget: Which will be better for individuals earning Rs 10 lakh?

Taxpayers are anticipating an increase in basic tax exemption limits in the upcoming budget, which could impact the choice between the old and new tax regimes. The old regime offers more deductions, while the new regime provides lower tax slab rates and a standard deduction. A comparison of tax liabilities for an individual earning Rs 10 lakh suggests that the new regime may be more advantageous if the exemption limit is raised to Rs 5 lakh, but individual circumstances must be considered.

The Financial Express

Union Budget 2024 | The Budget that introduced different tax slabs for married and single Indians

Finance Minister Nirmala Sitharaman will present the Union Budget on July 23, following an Interim Budget before the Lok Sabha elections. The article highlights historical trivia about the Union Budget, including tax slab changes and the introduction of wealth tax since India's Independence.

Deccan Herald

SAP Announces Q2 2024 Results

SAP SE reported a strong financial performance for Q2 2024, with a 28% increase in cloud backlog and a 25% rise in cloud revenue. The company reiterated its 2024 outlook and increased its 2025 operating profit ambition, driven by ongoing transformation and Business AI initiatives.

SAP News Center

The B&M European Value Retail S.A. (LSE:BME) share price gains on rising Q2 revenues. Time to buy?

B&M European Value Retail S.A. shares have risen 5% despite lower like-for-like sales, attributed to increased overall revenues and a growing store count. The company opened 19 new outlets recently and plans to continue expanding. While like-for-like sales declined due to poor weather, the long-term outlook remains positive, with a price-to-earnings ratio of around 13 indicating good value for potential investors.

Fool UK

TSX Composite Index (TXCX) Quote - Press Release

UPS is set to report earnings, with analysts expecting flat revenue year on year at $22.24 billion and adjusted earnings of $1.99 per share. The company missed revenue expectations last quarter but has seen positive sentiment among investors, with a 4.7% increase in share price recently. Comparatively, FedEx has reported stable results, contributing to a positive outlook in the transportation and logistics sector.

The Globe and Mail

July 23, Tuesday Morning Weather Forecast

User expresses willingness to pay a certain amount while also indicating a limit to their payment.

WLFI News 18

Is UPS Stock (NYSE:UPS) a Buy Before Its Q2 Earnings? - TipRanks.com

UPS is expected to report flat revenues and a significant drop in earnings per share for Q2 due to lower volumes and increased costs. Despite these challenges, analysts predict a rebound in the second half of the year, making the stock an attractive buy for long-term investors.

Tipranks

FedEx price target raised to $317 from $292 at Loop Capital - TipRanks.com

Loop Capital analyst Rick Paterson increased FedEx's price target to $317 from $292 while maintaining a Hold rating, citing ongoing freight recession challenges and limited visibility for recovery.

Tipranks

United Parcel Service (NYSE:UPS) Shares Down 0.3% on Analyst Downgrade

United Parcel Service's stock price decreased by 0.3% following a price target reduction by Bank of America. The stock has seen various ratings from analysts, with a current average rating of 'Hold' and a price target of $164.45. Recent quarterly earnings showed a revenue decline of 5.3% year-over-year, with a reported EPS of $1.43, surpassing estimates. The company has a market cap of $124.21 billion and a dividend yield of 4.49%. Institutional investors hold 60.26% of the stock.

MarketBeat