Summary: Google is automating Local Services Ads lead credits in July, streamlining the process for advertisers to receive credit for poor-quality leads, potentially affecting advertisers' budgets, lead quality, and overall experience with the platform.
Full articleSummary: Lockheed Martin secures a $282.8 million contract extension to develop and maintain the Missile Defense Agency's simulation framework system, with work extended until Oct. 2026.
Full articleSummary: Detroit Police chief ensures safety measures for Ford Fireworks show in downtown Detroit
Full articleSummary: FedEx supported sustainable mobility projects in European cities in 2022 and four cities have started implementing solutions in 2023. These projects include encouraging biking in Olot, creating safer bike paths in Karasu, providing cargo bikes to businesses in Hackney, and promoting cycling skills in Espoo.
Full articleSummary: Investment giant BlackRock, Inc. reduces its stake in Indivior PLC to below 5%.
Full articleSummary: 1. Salesforce is benefiting from a robust demand environment and strategic acquisitions, but faces headwinds from worries about IT spending trends and stiff competition. 2. Accenture continues to witness strong demand for its services, but pricing pressure and integration risks remain concerns. 3. Equinix's global data center portfolio is well-poised to benefit from solid demand, but faces competition from carrier-neutral data centers and a debt burden.
Full articleSummary: Oracle has been named a Leader in the 2024 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms based on its Ability to Execute and Completeness of Vision. Oracle continues to innovate with solutions like Fusion Data Intelligence and updates to Oracle Analytics Cloud.
Full articleSummary: Chevron anticipates a production impact of 65,000 barrels of oil equivalent per day in the second quarter, primarily at Tengizchevroil (TCO) in Kazakhstan and various Gulf of Mexico assets. Downstream turnarounds are also expected to affect earnings by $300 million to $400 million, mainly due to maintenance at the El Segundo and Richmond refineries in California.
Full articleSummary: BlackRock Income and Growth Investment Trust PLC reported unaudited net asset values at close of business on 21 June 2024.
Full articleSummary: BofA analyst raised price target on Broadcom (AVGO) to $2,150 citing multiple reasons to like the stock such as management team, growth profile, and free-cash-flow yield. Despite this, Broadcom shares have declined over the past four trading days.
Full articleSummary: Citigroup's Securities Services division appoints John Miller as Global Head of Fund Accounting and Administration, with plans to grow securities services in the medium-term.
Full articleSummary: Analysts have provided new ratings on Xcel Energy, PG&E, and American Water in the Utilities sector. Xcel Energy is rated as Hold, PG&E as Hold, and American Water as Buy with respective price targets. Analysts seem moderately bullish on Xcel Energy and PG&E, while moderately bullish on American Water.
Full articleSummary: Analysts provided bullish sentiments for Leidos Holdings (LDOS) and Salesforce (CRM). Bert Subin from Stifel Nicolaus and Robert W. Baird maintained Buy ratings for LDOS with price targets of $165.00 and $180.00 respectively. On the other hand, Brent Thill from Jefferies maintained a Buy rating for CRM with a price target of $350.00.
Full articleSummary: United Aerospace Maintenance Company (UAMCO) has gained European regulatory approvals to conduct quick turn maintenance services on CFM International Leap 1A and 1B engines, anticipating strong Leap demand due to engines needing early removal for maintenance.
Full articleSummary: Ford is delaying redesigned car deliveries for extra quality checks to reduce recalls and warranty costs. This strategy resulted in avoiding 12 recalls, though causing temporary decline in earnings.
Full articleSummary: TikTok launches new no-code integration for Salesforce Marketing Cloud to sync leads in real-time, eliminating manual effort for advertisers.
Full articleSummary: Alphabet A (ex Google) stock shows minimal movement on the NASDAQ, reaching $179.73 per share. Experts predict a dividend payout of $0.343 for 2024 and a target price of $182.38. Quarterly results for Q1 2024 reveal an earnings per share of $1.91 and a revenue of $80.47 billion.
Full articleSummary: PepsiCo waived a change of control clause in its bottling arrangements with Britvic, potentially clearing the path for Carlsberg to bid for the British company.
Full articleSummary: Colgate-Palmolive's stock price hit a new 52-week high after receiving positive analyst ratings and reporting strong earnings results. The company also announced a quarterly dividend, reflecting confidence in its financial performance.
Full articleSummary: ATC Nigeria, a subsidiary of American Tower Corporation, won a legal victory against HEDA Resource Center's lawsuit filed against them and MTN Nigeria. The court struck out the suit, deeming it speculative.
Full articleSummary: General Dynamics is showing trends of declining returns on capital employed (ROCE) and a stable base of capital employed, indicating a potential lack of shareholder wealth compounding. Despite delivering a respectable 85% return in the last five years, the fundamentals suggest caution for investors.
Full articleSummary: Expedia Group, Inc. has a Return on Equity (ROE) of 32%, which is higher than the industry average of 18%. The company uses a high amount of debt to boost returns, with a debt to equity ratio of 2.93. ROE is a useful indicator of business quality and ability to generate profits, but other factors should also be considered when evaluating a stock for investment.
Full articleSummary: Alphabet Inc. is positioned well in the AI space with its strong position in AI technologies and dedicated research division. The company is undervalued in the AI space, showing potential for increased sentiment and valuation multiples as AI becomes more commercialized.
Full articleSummary: Radnor Capital Management LLC decreased its holdings in Medtronic plc by 5.2% during the first quarter, selling 306 shares, worth $483,000. Several other hedge funds also bought and sold MDT shares. Insider activity includes recent stock sales by EVP Michael Marinaro and CEO Geoffrey Martha. Analysts have set new price targets for MDT, with an average rating of 'Hold' and an average price target of $93.00. Medtronic's stock traded down 0.4% on Monday.
Full articleSummary: Delta Electronics partners with Texas Instruments to establish a joint innovation laboratory focused on enhancing power density and performance of Delta's EV power systems.
Full articleSummary: Analysts' ratings on Colgate-Palmolive have shown an overall positive sentiment with an average price target increase of 6.34%. Multiple analysts have raised their ratings and price targets on the stock, reflecting optimism about its future performance.
Full articleSummary: Texas Instruments (TI) and Delta Electronics have collaborated to establish a joint innovation lab in Taiwan to develop power management solutions for electric vehicles, aiming to create safer, faster-charging, and more affordable EVs. The partnership includes three phases of development focusing on onboard chargers, real-time automotive MCUs, and the next generation of automotive power solutions.
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