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Stocks, news, data and earnings


Ryanair up 5% on profit forecast, dividend announcement

A Ryanair Boeing 737 MAX 8 aircraft as seen flying, landing and taxiing at Eindhoven Airport EIN.

Nicolas Economou | Nurphoto | Getty Images

Dublin-listed shares of Ryanair rose 5.2% in early trade after the low-cost airline said it expected full-year profits of between 1.85 billion euros ($1.9 billion) and 2.05 billion euros, which would represent an all-time high.

The company also announced it would begin regular dividend payments for the first time as it moves past pandemic financial challenges, with 400 million euros to be distributed through 2024.

Ryanair said record summer passenger numbers and prices hikes had offset higher fuel costs in the first half, as it reported a rise in post-tax profit to 2.18 billion euros from 1.37 billion euros in the first half of the financial year.

It expects “modest losses” in the second-half winter period.

The business swung to a post-tax profit of 1.31 billion euros for the full-year ending March 31, after two years of hefty annual losses.

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Ryanair share price.

CNBC Pro: Growth investor is underweight the Magnificent Seven, but likes one tech giant

The “Magnificent Seven” stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have proved popular this year, but one growth investor says he is underweight the group.

“The Magnificent has done well and are poised to continue to do well because they have [a] fortress-like balance sheets and they’re highly profitable. They used the past two years post Covid to get more efficient, but they also have tremendous opportunities ahead in terms of artificial intelligence,” Jonathan Curtis told CNBC’s “” on Friday.

However, he said investors needed to be a “little bit more curious and more cautious” on the tech mega-caps — and revealed his favorite with “tremendous growth potential.”

CNBC Pro subscribers can read more here.

— Amala Balakrishner

CNBC Pro: Citi is bullish about one part of the semiconductor industry. Here are its top stock picks

An upturn in a corner of the semiconductor industry began in the second half of this year, according to Citi.

The jump in September’s monthly semiconductor sales beat Citi’s estimates. It was up 13% month on month to $49.6 billion, higher than the bank’s estimates of $46.9 billion, the bank said.

CNBC takes a look at five of its top stock picks.

Subscribers can read more here.

— Weizhen Tan

European markets: Here are the opening calls

European markets are expected to open in mixed territory Monday.

The U.K.’s FTSE 100 index is expected to open 13 points higher at 7,414, Germany’s DAX up 6 points at 15,192, France’s CAC own 7 points at 7,043 and Italy’s FTSE MIB down 12 points at 28,550, according to data from IG. 

Earnings are set to come from Ryanair on Monday. There are no major data releases.

— Holly Ellyatt



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