Summary: Wells Fargo has recruited a 17-person advisory team, the Canell Group, formerly managing $2 billion for J.P. Morgan Advisors in New York.
Full articleSummary: PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for over $1 billion. The acquisition could be announced soon unless the talks fail.
Full articleSummary: Morgan Stanley has raised its price target for Bank of New York Mellon, reflecting confidence in the bank's performance. Other analysts, including Goldman Sachs and Deutsche Bank, have also increased their targets and ratings for the stock.
Full articleSummary: High options trading activity observed in Wynn Resorts Ltd (WYNN), Trane Technologies plc (TT), and United Parcel Service Inc (UPS) with particularly high volume in certain call options.
Full articleSummary: Whales are bearish on JPMorgan Chase with a mix of bullish and bearish trades detected. The predicted price range for JPM is $155.0 to $225.0 over the recent three months. Expert opinions provide an average target price of $227.5 for JPMorgan Chase.
Full articleSummary: LSU, along with Halliburton and ExxonMobil, will drill a new CO2 research well at its PERTT Lab focusing on energy research and low-carbon technologies, not injecting CO2. Halliburton will provide services like subsurface evaluation, cementing, and ExxonMobil will work on drilling plan and community engagement.
Full articleSummary: Equatorial Guinea plans to boost oil and gas production after ExxonMobil's exit by redeveloping the Zafiro Field and partnering with other oil producers. They have awarded contracts and are focusing on expanding offshore Gas Mega Hub.
Full articleSummary: FDC3 has gained significant momentum with industry leaders like BlackRock and Morgan Stanley achieving FDC3 2.0 Conformance and leading financial data platforms implementing the protocol within customer-facing applications
Full articleSummary: Hedge fund mogul Larry Robbins to present a turnaround plan to CVS executives, aiming to boost profitability while holding significant stake in CVS. CVS shares have been declining due to lowered profit outlook and internal issues.
Full articleSummary: U.S. equities were stable on the last day of a strong September and third quarter. CVS Health shares surged on reports of potential changes, while Stellantis cut its guidance due to market weakness and Chinese competition.
Full articleSummary: Bank of America's price target was cut by Morgan Stanley from $49.00 to $47.00 with an 'overweight' rating, along with several other research reports providing varied ratings and price targets. Insider selling has been significant, and the company announced a massive stock buyback program.
Full articleSummary: Big-money investors have taken a bullish stance on Intel with 53% bullish sentiment and 33% bearish sentiment. Uncommon options trades were identified for Intel indicating a potential upcoming event or movement. The focus is on a price band between $18.0 and $35.0 for Intel over the last three months.
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