Advertisement

profile/5377instablog.png.webp
Instablog9ja
Techie Raises Alarm Over Suspicious Activities Involving Streetlight Poles On The Third Mainland Bridge, Lagos
~0.3 mins read

A techie has raised alarm over some suspicious activities involving streetlight poles on the Third Mainland Bridge, Lagos.

He shared the pictures of the poles on Third mainland bridge, to create the awareness that some persons are destroying the concrete base of the pole so they can st£al the wires inside the poles. So every Lagosian should be on the watch.

Continue reading on Instablog

profile/5377instablog.png.webp
Instablog9ja
Breaking News: Dr. Shagz Delivers On His Promise, Sends An Undisclosed Amount After Pledging ₦50 Million To VDM, And Expresses Readiness To Support Jarvis’ Surgery. This Is Huge!
~0.4 mins read

Dr. Shagz has delivered on his promise, sends an undisclosed amount after pledging ₦50 million to VDM, and expresses readiness to support Jarvis’ surgery.

He said VDM is doing a lot, although there are times does not agree with what is doing but on the charity foundation he will do what what is needed to support him.

Although, he initially made a pledge of N50 million, the amount of money sent was not disclosed and he is even asking for what Jarvis operation will cost?

Continue reading on Instablog

Advertisement

profile/5377instablog.png.webp
Instablog9ja
Mixed Reactions As Fashion Designer Veekee James Sprays Dollars While Her Husband Sprays Naira On A Couple At A Recent Wedding
~0.5 mins read

Mixed reactions as fashion designer Veekee James sprayed dollars while her husband sprayed Naira on a couple at a recent wedding.

Majority of the opinion of pool felt her action was not sensitive as it sh@med her husband to be p%%r while she is rich and that she could have shared the Dollars into two for both of them to have it and spray on the couple.

Another opinion was that Femi, Veekee James husband, was a real man and refused to be intimidated by his wife but gorgeously carried what he had and gave it to the couple as another man would have asked for a share of the Dollar to polish his ego.

Continue reading on Instablog

profile/2681Capture.PNG.webp
Investopedia
CVS Stock Plummets As It Replaces CEO
~1.3 mins read

CVS Health (CVS) stock tumbled about 5% in Friday after the pharmacy and healthcare giant announced the replacement of Chief Executive Officer (CEO) Karen Lynch with David Joyner, a longtime company veteran who most recently ran Caremark, its pharmacy benefit manager (PBM).

Joyner is taking the top job effective immediately, CVS said, as the company has weathered a difficult year of sales at its namesake pharmacies and problems with its bets on Medicare coverage that have led it to lower its full-year outlook several times already.

Newly appointed executive chairman Roger Farah said the board believes it was "the right time to make a change," and said Joyner's decades of experience with CVS "can help us more directly address the challenges our industry faces" and make necessary changes.

In addition to the CEO swap, CVS also provided preliminary guidance for third-quarter profit, projecting earnings per share (EPS) between 3 cents and 8 cents, and adjusted EPS of $1.05 to $1.10. Analysts are expecting EPS of $1.27, and adjusted EPS of $1.69, according to consensus estimates compiled by Visible Alpha.

The company is set to report third-quarter earnings Nov. 6, and said the lackluster projections are connected to costs related to its Medicare operations and other one-time expenses like store closures.

first reported the news that the CEO change was imminent, sending CVS stock lower Friday morning. The stock is down more than 20% this year.

: This article has been updated to reflect new share price information.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

profile/5377instablog.png.webp
Instablog9ja
Man Makes A ‘receipts List’ Of Everyone Who Congratulated Him On His Birthday
~0.2 mins read

A man has made a ‘receipts list’ of everyone who congratulated him on his birthday.

The man has drawn out a list to include Names, Time and the Message length as he marks his birthday.

Continue reading on Instablog

Advertisement

profile/2681Capture.PNG.webp
Investopedia
Netflix Stock Hits Record High As Analysts Call Streamer ‘Top Pick’ After Blowout Earnings
~1.4 mins read

Netflix (NFLX) shares surged to a record high Friday, a day after the streaming giant’s third-quarter earnings beat expectations, with several analysts raising their price targets for the stock.

Bank of America boosted its price target to $800 from $740, calling Netflix “one of the best positioned companies within media,” with multiple growth drivers including its “burgeoning ad business.” Netflix’s ad-supported membership grew 35% quarter-over-quarter, and the company said it expects to launch an ad tech platform in 2025.

Analysts at JPMorgan lifted their price target even higher, to $850 from $750, and called Netflix a "top pick," citing its "strong leadership position" with a “virtuous circle of strong subscriber growth, more revenue, and growing profit.”

Including Bank of America, about three-quarters of the 20 analysts covering Netflix tracked by Visible Alpha held a "buy" or equivalent rating for the stock as of Friday, though their average price target at $777.21 was not far off from Friday's closing price.

Shares of Netflix jumped over 11% to close at $763.89 Friday and have gained nearly 57% since the start of the year.

Netflix's gains came despite some programming challenges, calling it “patchier than normal,” due to the lingering impacts of actors and writers strikes in 2023, and said “volume has picked up again.”

Netflix said it delivered several hits in the quarter, with “The Perfect Couple” starring Nicole Kidman and Liev Schreiber drawing 65.2 million views, while romantic comedy “Nobody Wants This" with Kristen Bell and Adam Brody drew 37 million.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

Loading...