Fri, Mar 29, 2024 4:53 PM
Xiaomi’s $8 billion rally at stake as costly EV bet makes debut
A Flip by Riya Sharma
Domino’s Pizza Inc DPZ shares are trading higher after the company reported first-quarter FY24 sales growth of 6% year-on-year to $1.085 billion, beating the analyst consensus estimate of $1.079 billion. The revenue increase was primarily due to higher supply chain revenues and U.S. franchise royalties and fees, as well as higher U.S. Company-owned store revenues.
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In 2021, Washington intervened when Beijing attempted to penalize Lithuania for establishing a liaison office with Taiwan, leading to the formation of a team within the U.S. State Department to assist nations facing economic coercion from China, Bloomberg reports. When South Korea decided to host a U.S. anti-ballistic missile system, the flow of tourists from China ceased.
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page.
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