Based on the following texts. Write a CSV of the top 3 best performing companies, with a score from 3 to 1, ranking from best to worst and the header "company" for the company name. Make the score the first column and company the second column. Do the same for the worst performing companies and with the worst company scoring -3, and the least worst scoring -1. Don't give me an response, but only the CSV in plain text. Make this a single CSV with only the headers on top and no empty lines. Name and title this csv as 'csv'  "Investing.com - Financial Markets Worldwide
Q3 Earnings Alert:
See Overvalued Stocks
By Abhirup Roy
SAN FRANCISCO (Reuters) -Tesla shares closed up nearly 22% on Thursday - their biggest single-day gain in over a decade - as CEO Elon Musk's bold forecast of surging sales reassured investors he was still looking to grow its core business of selling electric cars.
Musk forecast 20%-30% sales growth next year, promising to launch an affordable vehicle in the first half of 2025, and said efforts to slash production costs boosted margins in the third quarter. 
The stock rose to a session high of $262.2 with volumes of roughly 200 million shares. It was the biggest gain since May 2013, and erased recent losses on concerns that Musk was distracted by new projects like the recently unveiled robotaxi.
At close, nearly $150 billion was added to the company's market value. 
"With the stock selling off in October before its earnings announcement, some bears feel this is more of a relief rally, as results were better than feared," said Ed Egilinsky, managing director at investment company Direxion.
The sharp rally might also be attributed to some short covering, he said. Short interest on Tesla (NASDAQ:
) stock was 2.33% at the end of September, according to LSEG data.
Musk has been pivoting Tesla into an artificial intelligence and robotics company from an EV market leader, but has yet failed to lay out a detailed business plan for his new focus. Investors sold off Tesla shares earlier this month after a robotaxi event was short on details.
Last quarter, Musk made bold company announcements about everything but cars - from driverless taxis to humanoid robots - leaving investors worried about dwindling margins already squeezed by lowered prices.
FSD FUTURE
"He definitely seemed more passionate and invested in it this time," said Jessica Caldwell, head of insights at car research and buying website Edmunds.
"I feel like so much of Tesla is tied up in the future but we need to figure out how you get there. That's what people needed to hear and they were a little bit better in providing those details than they have been in the past."
Tesla reported third-quarter margin that handily beat Wall Street expectations and said that the labor and material costs of making vehicles - known as the cost of goods sold per vehicle - dropped to its lowest-ever level, about $35,100. 
It recorded $326 million in revenue for its autopilot software called Full Self Driving used in Cybertruck and other autonomous features.
"FSD played a part in the margin expansion, but I think the larger driver was reduced unit production costs... Over time, FSD should drive higher long-term margin expansion," said Seth Goldstein, equity strategist at Morningstar.
FSD is the bedrock for Tesla's robotaxis.
Musk said he expects Tesla vehicles to offer paid, driverless, ride-hailing services next year, doubling down on his promise made at the robotaxi event. But that plan is likely to face significant regulatory challenges.
HIGH P/E
Not all investors are likely to be mollified by Tesla's reassurances on Wednesday.
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a prominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on.
"The days were good when Elon slept at the factory. He was there every day, working. Not going on Trump rallies of all things he could be doing," Gerber said, referring to Musk's well-publicized support of the Republican presidential candidate. 
Tesla shares are trading at 72.75 times its 12-month forward earnings estimates, compared with the 5.94 times for legacy automaker Ford Motor (NYSE:
) and 30.79 for technology giant Microsoft (NASDAQ:
).
At least seven brokerages raised their price targets on the stock, with a median PT of $221, according to LSEG data. 
Name
Last
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Vol.
260.48
140.41
230.57
235.89
186.38
424.68
567.77
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Last
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Vol.
260.48
323.59
330.65
133.50
377.26
147.40
297.00
Name
Last
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Vol.
49.25
110.72
72.90
211.71
46.48
81.49
218.39
Name
Last
Chg. %
Vol.
260.48
140.41
301.58
155.20
230.57


 would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. 
 and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.


It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


 may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Investing.com - Financial Markets Worldwide
Q3 Earnings Alert:
See Overvalued Stocks
(This Oct. 23 story has been corrected to clarify that Spirit did receive $425 million cash from Boeing (NYSE:
), and that the amount was increased and partly repaid, in paragraph 3 and in a bullet point)
(Reuters) - Spirit AeroSystems (NYSE:
) posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing U.S. factory workers hammered the finances of its biggest supplier.
Spirit said in its third-quarter results that it had drawn down an entire $350 million bridge loan set up when Boeing agreed to acquire the supplier in June, confirming an earlier report from Reuters.
The supplier said it received $425 million through an MOU with Boeing announced in April that was increased by $40 million in June. Spirit said in its financial filings that it has since repaid $40 million of the advances to Boeing, but the other amounts remain unpaid.
It had $218 million in reserves at the end of the third quarter after the loan was drawn.
Spirit shares fell 4% in after-hours trading following the release of its results.
On Wednesday, Boeing CEO Kelly Ortberg said on an earnings call that there was "no change" to its planned acquisition and integration of Spirit.
Wichita, Kansas-based Spirit said this month it would implement a 21-day furlough for 700 workers as a five-week strike at Boeing eats into the supplier's cash and inventory space.
Boeing suppliers that invested heavily on materials and tooling to support the planemaker's planned ramp-up of jets have been furloughing workers in recent weeks and holding off on investments due to the strike.
Spirit said its furloughs would take effect from Oct. 28 onwards and warned of possible layoffs and additional furloughs if Boeing's strike continued.
Striking Boeing factory workers voted on Wednesday on a new proposed wage deal that could end the work stoppage, although analysts warn that union members may reject the deal.
Spirit posted a net loss of $217 million for the third quarter, compared with $101 million in the same period a year earlier.
Boeing agreed in July to repurchase Spirit, which it had spun off in 2005, for $4.7 billion in stock, while Airbus moved to take on the supplier's loss-making Europe-focused activities. Spirit reiterated on Wednesday that Boeing's acquisition remained on track to close by mid-2025. 
Spirit said its backlog at the end of the third quarter stood at $48 billion, including work on commercial aircraft for Boeing and Airbus. 
Name
Last
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Vol.
260.48
140.41
230.57
235.89
186.38
424.68
567.77
Name
Last
Chg. %
Vol.
260.48
323.59
330.65
133.50
377.26
147.40
297.00
Name
Last
Chg. %
Vol.
49.25
110.72
72.90
211.71
46.48
81.49
218.39
Name
Last
Chg. %
Vol.
260.48
140.41
301.58
155.20
230.57


 would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. 
 and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.


It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


 may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Investing.com - Financial Markets Worldwide
Q3 Earnings Alert:
See Overvalued Stocks
CINCINNATI - Cincinnati Financial Corporation (NASDAQ:
) reported third-quarter 2024 results that beat revenue expectations but fell short on earnings per share.


The property and casualty insurer posted non-GAAP operating income of $1.42 per share, missing analyst estimates of $1.46. However, revenue came in at $2.3 billion, surpassing the consensus forecast of $2.24 billion.


Cincinnati Financial saw strong premium growth in the quarter, with net written premiums increasing 17% to $2.29 billion. This was driven by a 30% jump in new business premiums written by agencies to $406 million.


The company's combined ratio, a key measure of underwriting profitability, deteriorated to 97.4% from 94.4% in the year-ago quarter. This was largely due to higher catastrophe losses, which added 13.8 percentage points to the combined ratio compared to 9.4 points last year.


"We responded to 20 weather-related catastrophes across the U.S. in the third quarter, including Hurricane Helene, which swept through 11 states at the end of September," said Stephen M. Spray, president and CEO.


Despite the higher catastrophe losses, Cincinnati Financial's book value per share increased 15% year-to-date to $88.32 as of September 30.


The company's investment income rose 15% to $258 million, helped by a 21% increase in bond interest income.


This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Name
Last
Chg. %
Vol.
260.48
140.41
230.57
235.89
186.38
424.68
567.77
Name
Last
Chg. %
Vol.
260.48
323.59
330.65
133.50
377.26
147.40
297.00
Name
Last
Chg. %
Vol.
49.25
110.72
72.90
211.71
46.48
81.49
218.39
Name
Last
Chg. %
Vol.
260.48
140.41
301.58
155.20
230.57


 would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. 
 and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.


It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


 may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Investing.com - Financial Markets Worldwide
Q3 Earnings Alert:
See Overvalued Stocks
By Nupur Anand and Pete Schroeder
WASHINGTON (Reuters) -Spanish lender Santander (BME:
) will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
She made the comments during the Institute of International Finance conference in Washington.
Santander formally launched its digital bank, offering high-yield savings accounts in the United States, which could help fund up to $30 billion in loans for vehicle purchases and broaden its retail business in the country. It plans to add more products in the future.
"I was advised by many people, you should sell the bank in the U.S., it's never going to make it. And I didn't," she said.
The euro zone's third-biggest lender by market value is one of the few European banks with a retail presence in the U.S. market following the exit of rivals BBVA (BME:
) and BNP Paribas (OTC:
).
It also has 409 branches mainly in nine states in the northeast.
The launch of Openbank, which is currently Europe's largest digital bank with over 18.5 billion euros in deposits, is part of Santander's global strategy for retail expansion.
A digital bank has all its services on a single website and app.
Botin said she expects a pick-up of investment after the U.S. elections on Nov. 5.
"My sense in the U.S., not so much in Europe, is that a lot of the corporates are waiting to see what happens with the election," she said.
Santander is the fifth-biggest auto lender in the United States and is expecting a pick-up in consumer demand, she said.
"The good news is that it seems to be a soft landing, maybe less soft than we thought last year, but there is some kind of a slow recovery," she said of the U.S. economy.
"If you asked any of us two years ago, we are in a better place."
Name
Last
Chg. %
Vol.
260.48
140.41
230.57
235.89
186.38
424.68
567.77
Name
Last
Chg. %
Vol.
260.48
323.59
330.65
133.50
377.26
147.40
297.00
Name
Last
Chg. %
Vol.
49.25
110.72
72.90
211.71
46.48
81.49
218.39
Name
Last
Chg. %
Vol.
260.48
140.41
301.58
155.20
230.57


 would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. 
 and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.


It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


 may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Investing.com - Financial Markets Worldwide
Q3 Earnings Alert:
See Overvalued Stocks
(Reuters) - L3Harris raised the lower end of its annual profit and revenue forecasts on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.
Shares rose 3.6% after the bell.
Geopolitical tensions have benefited arms manufacturers such as 
 (NYSE:
) , RTX, and 
 (NYSE:
), all of which also raised their 2024 earnings forecasts.
The company now expects 2024 adjusted profit to range between $12.95 to $13.15 per share, up from its previous estimate ranging $12.85 - $13.15 per share.
Revenue for the year is now expected to range between $21.1 billion to $21.3 billion, up from its previous forecast range of $21.0 billion to $21.3 billion.
The ongoing war in Ukraine has fueled strong demand for U.S. weaponry globally, with nations actively negotiating and striking deals to acquire arms and seeking to expedite ongoing contracts.
L3Harris and Northrop are the top two companies that supply sought-after rocket motors, used in guided multiple-launch rocket systems, which have played a crucial role in supporting Ukraine's defense efforts against Russian forces. 
For the quarter ended September 27, L3Harris posted adjusted profit of $3.34 per share, beating analysts' estimates of $3.26 per share, according to LSEG compiled data.
The Florida-based company's overall quarterly sales rose 8% to $5.29 billion, compared with analysts' estimate of $5.28 billion.  
Name
Last
Chg. %
Vol.
260.48
140.41
230.57
235.89
186.38
424.68
567.77
Name
Last
Chg. %
Vol.
260.48
323.59
330.65
133.50
377.26
147.40
297.00
Name
Last
Chg. %
Vol.
49.25
110.72
72.90
211.71
46.48
81.49
218.39
Name
Last
Chg. %
Vol.
260.48
140.41
301.58
155.20
230.57


 would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. 
 and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.


It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.


 may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
"