Summary: 1. CCM Investment Advisers LLC increased its holdings in Lowe's Companies by 11.3% in the fourth quarter. 2. Several other hedge funds also made changes to their positions in Lowe's Companies. 3. Lowe's Companies reported a decrease in stock price by 1.5%, an increase in quarterly earnings, and a dividend cut.
Full articleSummary: Gilead Sciences is testing a weight-loss mechanism as a treatment for a liver disease, despite testing GLP-1 drugs in different conditions previously.
Full articleSummary: Intel has released Open Image Denoise 2.3.0, a denoising library part of the Intel Rendering Toolkit, with support for various CPUs and GPUs from different vendors including Intel Xe, Xe2 architecture, NVIDIA GPUs, AMD GPUs, and Apple silicon GPUs. The update adds quality improvements for HDR denoising and supports Intel Arrow Lake, Lunar Lake, and Battlemage GPU.
Full articleSummary: Wall Street's main indexes edged higher as investors awaited fresh economic data and comments from Federal Reserve officials. Top gainers included SMCI, ADSK, and BIO, while top losers were FSLR, VST, and ENPH. Specific tickers like AVGO, XPOF, and NFBK were also in focus due to specific news.
Full articleSummary: Wells Fargo analyst Joe O’Dea maintained a Buy rating on Emerson Electric Company with a price target of $133.00, while The Street and Mizuho Securities also expressed positive sentiment towards the stock.
Full articleSummary: Nike is bringing back the iconic Air Foamposite One 'Royal' in its original 1997 set-up with confirmed releases throughout 2024 and 2025, marking a comeback for the once popular sneaker.
Full articleSummary: Bank of America Securities analyst maintained a Buy rating on Wells Fargo with a price target of $63.27, and Morgan Stanley also maintained a Buy rating with a $64.00 price target. WFC has a market cap of $200.1B and a P/E ratio of 11.97.
Full articleSummary: Bank of America Securities analyst maintained a Buy rating on Wells Fargo, with a consensus of Moderate Buy and an average price target of $63.27 set by Morgan Stanley.
Full articleSummary: Wells Fargo & Co. is hiring Christina Bresani from William Blair & Co. to run its mid-cap mergers and acquisitions group in New York as a managing director.
Full articleSummary: Banco Bilbao Vizcaya Argentaria SA is planning to open a digital consumer bank in Germany led by Javier Lipuzcoa, utilizing existing technology for cost-effective expansion.
Full articleSummary: Scarborough Advisors LLC increased its stake in Exxon Mobil Co. during the 4th quarter while several other hedge funds also added shares to Exxon Mobil. Exxon Mobil announced a quarterly dividend of $0.95 per share, resulting in a dividend yield of 3.48%. Stock analysts have set new price targets for Exxon Mobil with a consensus target price of $133.71.
Full articleSummary: Exxon Mobil (NYSE:XOM) fell 0.1% during trading on Monday, but several equities research analysts recently lifted their price targets on the stock. The stock has a consensus rating of 'Moderate Buy' with an average target price of $133.71. Exxon Mobil reported earnings below estimates for the quarter, and analysts expect the company to post 9.36 EPS for the current year.
Full articleSummary: Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell 1.6% on Monday following multiple price target updates from Wall Street analysts. The stock traded at a low of $59.48 before closing at $59.65.
Full articleSummary: Interactive Brokers chief strategist suggests swapping Tesla out of the 'Magnificent Seven' for Broadcom. Analysts proposed the change in January, citing Broadcom as better representing the current market trends.
Full articleSummary: McDonald's ends partnership with IBM to remove AI drive-thru ordering at over 100 restaurants by the end of next month, citing goal to explore voice ordering solutions more broadly. McDonald's has had previous interest in AI to speed up order-taking and personalization.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards FedEx FDX, with 50% bearish sentiment and significant options activities indicating a potential big move. Options trading patterns suggest a price window for FedEx between $230.0 to $310.0, with recent options trades showcasing both bullish and bearish sentiments.
Full articleSummary: Wellington Management Group LLP decreased its holdings in Texas Instruments Incorporated by 7.3% during the 4th quarter. Several other hedge funds also made changes to their positions in TXN. Insider buying and selling activity occurred. Wall Street analysts have provided various ratings for TXN stock.
Full articleSummary: The article discusses the importance of Software as a Service (SaaS) industry, the impact of artificial intelligence on SaaS, and the current state of SaaS stocks in the market. Salesforce, Inc. (NYSE:CRM) is highlighted as a leading company in the CRM and SFA software space despite facing challenges in its recent earnings report.
Full articleSummary: Analysts provide a mix of bullish and bearish perspectives on Charles Schwab SCHW, with an average target of $80.58 and a trend towards an increase in price target estimates. Recent actions by analysts include maintaining, raising, and lowering ratings and price targets.
Full articleSummary: CCM Investment Advisers LLC reduced its stake in Salesforce by 5.0% during the 4th quarter, selling 3,774 shares. Other institutional investors also made changes in their positions. Insider activity included significant selling of company stock. Salesforce's trading price increased by 1.3%. Wall Street analysts have issued varying ratings on the stock.
Full articleSummary: Intuit Inc. (INTU) is a large and diversified SaaS company that enables businesses to manage their payrolls, payments, and other operations. Despite a recent dip in users for TurboTax SaaS software, Intuit exceeded revenue and earnings estimates, with strong potential growth forecasted due to price increases and AI adoption.
Full articleSummary: Apple, Google, and Microsoft all recently showcased their AI product rollouts. Apple's launch was well-received and encompassed most of its product line, whereas Microsoft faced challenges with its AI source quality and positioning. Comparing AI coverage, Apple provided better support and coverage for its developers than Google or Microsoft. In terms of event performance, Apple has historically led the pack with strong launch events and high production values.
Full articleSummary: Wells Fargo analyst Joe O’Dea maintained a Sell rating on Trane Technologies (TT) with a price target of $295.00, suggesting a downside potential. The Street has a Moderate Buy consensus rating for TT with a higher average price target of $336.00. Trane Technologies reported a growth in revenue and net profit compared to the previous year.
Full articleSummary: First Horizon Corporation (NYSE: FHN) has been named to the Financial Brand's Power 100 Banks Using Social Media for their exceptional social media activity and community size.
Full articleSummary: Boeing is in talks to buy Spirit AeroSystems, a key supplier that makes the fuselage for Boeing in Wichita, Kan. The companies are working to improve manufacturing quality and rebuild trust after a serious defect involving a door plug blowout on a 737 Max. Quality inspector Santiago Paredes raised concerns about poor quality control and management's pressure to speed up production, leading to his demotion and subsequent lawsuit against Spirit.
Full articleSummary: JPMorgan Chase is enhancing its AI capabilities by providing engineering training to employees, with AI use cases valued at $1 billion to $1.5 billion. More than 2,000 AI and machine learning experts are currently employed at the bank.
Full articleSummary: Ford is revamping its EV strategy by developing cheaper EVs, ditching dealer sales requirements for EVs, and allowing all its dealers to sell EVs starting July 1
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