Summary: Intel's stock climbs as Apollo Global Management reportedly offers a multibillion-dollar investment and Qualcomm approaches Intel with a buyout offer. Analyst expresses concerns about Qualcomm using stock to fund the deal and the difficulties related to including fabs in the acquisition. However, Apollo's potential investment is seen as a vote of confidence in Intel.
Full articleSummary: Mobileye (MBLY) shares are surging as Intel (INTC) announced that it is not currently looking to divest its majority stake in the company, aiming to raise additional capital.
Full articleSummary: Shares of Mobileye Global Inc surged after Intel Corp stated it has no current plans to divest its majority stake in the autonomous driving technology maker, easing investors' concerns.
Full articleSummary: Boeing to furlough tens of thousands of employees due to strike halting production of 737 MAX and other aircraft, cost Boeing billions and potentially harm its credit rating, negotiations with federal mediators ongoing
Full articleSummary: Investor sentiment has improved somewhat due to better-than-expected Q1 earnings season with many S&P 500-listed companies beating forecasts, leading to a bullish view by Citigroup towards S&P 500 fundamentals. Citigroup analysts recommend Ford Motor (F), Mobileye Global (MBLY), and Schrodinger (SDGR) as stocks to buy.
Full articleSummary: Investor sentiment has somewhat improved due to better-than-expected Q1 earnings season for S&P 500-listed companies. Majority of companies reported quarterly EPS above forecasts, with earnings beating estimates by 7.5%, supporting bullish view towards market fundamentals. Citigroup analysts recommend 3 stocks: Ford Motor Company (F), Mobileye Global (MBLY), and Schrodinger (SDGR).
Full articleSummary: Boeing has finalized an agreement with GKN Aerospace to integrate its St. Louis site under Boeing’s wing, ensuring the continuity of essential parts manufacturing for the F/A-18 and F-15 programmes. The deal guarantees job security for approximately 550 employees previously employed by GKN, who will now become part of Boeing’s workforce. Additionally, Boeing's proactive engagement in international markets includes potential sales to Indonesia and Poland.
Full articleSummary: Intel faces bottleneck in wafer-level assembly hindering production and revenue growth projections, despite surging demand for Core Ultra CPUs. Intel is racing to expand its capabilities to meet the overwhelming demand, while competitors also struggle. The company anticipates flat revenues in Q2 due to the supply constraint.
Full articleSummary: Wall Street analysts from major banks have reiterated, upgraded, or downgraded ratings on various stocks following quarterly earnings reports, providing insights on companies such as Alphabet, Snap, Microsoft, Intel, Hims & Hers, Apple, Enphase Energy, Western Digital, Sonic Automotive, Hertz, Nvidia, Caterpillar, Kratos, Knight-Swift Transportation, Mobileye, EPAM Systems, Compass Materials, Citizens Financial, Visteon, Dow, and Teledyne.
Full articleSummary: Intel beat Wall Street's earnings target for the first quarter but sales fell short. The chipmaking giant also issued a weak forecast for the current quarter, causing its stock to drop in extended trading. PC chip sales drove growth while sales of data-center chips and chips for network and edge devices saw mixed results.
Full articleSummary: Mobileye Global Inc reported a 48% year-on-year revenue decline in fiscal first-quarter 2024 to $239.00 million, with adjusted EPS missing consensus. CEO is optimistic about the recovery following a supply chain reset. The company reiterates its revenue outlook for FY24.
Full articleSummary: Mobileye Global Inc reported a fiscal first-quarter 2024 revenue decline of 48% YoY to $239.00 million. Adjusted EPS missed consensus expectations. The company reiterated its revenue outlook for FY24 despite challenges in the first quarter.
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