Summary: Motley Fool Stock Advisor analyst team identified 10 best stocks for investors to buy, and Broadcom wasn't one of them. Consideration given to past returns like Nvidia's case as an example.
Full articleSummary: Broadcom (AVG0) stock is highly popular and has shown significant price appreciation, with multiple technical buy signals and positive fundamental factors. Analysts have issued bullish recommendations with price targets ranging between $1,110 and $2,100.
Full articleSummary: SageView Advisory Group LLC acquired a new position in shares of The Bank of New York Mellon Co. (NYSE:BK) during the 4th quarter. Several other institutional investors also modified their holdings. Insider activity includes sales by EVP J Kevin Mccarthy and VP Catherine Keating. Analyst ratings changes have been positive with multiple 'buy' ratings. Bank of New York Mellon reported strong earnings results, beating EPS estimates and increasing revenue. A quarterly dividend was announced with a current yield of 2.90%.
Full articleSummary: Advanced Micro Devices and Intel announced new server CPUs for the data center market.
Full articleSummary: Broadcom (AVGO) shares surge over 20% after boosting FY revenue forecast and unveiling 10-for-1 stock split. Analysts remain bullish on the company's prospects in AI space and cloud service provider demand for custom ASICs.
Full articleSummary: Global defense firms are experiencing a hiring frenzy with approximately 37,000 new job openings, driven by increased orders due to geopolitical tensions and competition for specialized skills.
Full articleSummary: Fisher Asset Management LLC raised its holdings in Bank of America by 17.1% during the fourth quarter, increasing its stake to 37,654,279 shares worth $1,267,820,000. Several other institutional investors have also added to their positions in BAC. Wall Street analysts have varied ratings on BAC, from "hold" to "sell" to "outperform". Bank of America reported $0.83 earnings per share in the latest quarter, beating estimates.
Full articleSummary: Wellington Management Group LLP increased its position in Chevron Co. by 11.5% during the fourth quarter, with the fund owning over 4 million shares worth $603.7 million. Additionally, insider transactions were reported and Chevron's stock was up 0.6%. Financial analysts forecast growth for Chevron with various price target increases.
Full articleSummary: Vanguard Group Inc. increased its stake in Amgen Inc. during the 4th quarter by 0.0%, with other institutional investors also acquiring shares of AMGN. Wall Street analysts have given Amgen a 'Moderate Buy' rating and a consensus price target of $305.85. Insider selling was reported by SVP Nancy A. Grygiel.
Full articleSummary: McDonald's is discontinuing the use of AI-powered voice ordering technology provided by IBM at drive-thru kiosks, opting to explore alternatives from other vendors.
Full articleSummary: Target has implemented a new self-checkout policy at its Massachusetts stores where all self-checkout lanes are now express lanes only, limited to 10 items or less, to increase efficiency and reduce theft. This change is based on a successful pilot program at more than 200 Target locations nationwide.
Full articleSummary: RGA Investment Advisors highlighted Meta Platforms, Inc. (NASDAQ:META) as one of its top picks for 2024 in the first quarter investor letter, emphasizing the company's strong performance and growth potential.
Full articleSummary: Deep-pocketed investors have adopted a bullish approach towards Eli Lilly and Co, as evidenced by significant options activities and projected price targets indicating a focus on a price band between $430.0 and $1000.0. Professional analysts have set an average price target of $909.0 for the stock, with one analyst maintaining a Buy rating and another downgrading to Overweight.
Full articleSummary: Brown Shipley& Co Ltd reduced its holdings in shares of Colgate-Palmolive by 59.7% during the 4th quarter. Colgate-Palmolive last released its earnings results on Friday, April 26th, beating analysts' consensus estimates. The company announced a quarterly dividend and insider activity includes significant stock sales.
Full articleSummary: Brown Shipley & Co Ltd decreased its stake in Intuit Inc. by 53.4% during the fourth quarter according to its recent SEC filing. Additionally, insider Scott D. Cook sold significant amount of shares recently. Analyst ratings indicate a moderate buy with a consensus target price of $679.41. Intuit's latest quarterly earnings exceeded analyst expectations.
Full articleSummary: Brown Shipley& Co Ltd increased its stake in PayPal Holdings, Inc. during the fourth quarter. Additionally, other large investors also bought shares of PayPal. Director Deborah M. Messemer sold shares of PayPal, and several research firms have raised their price targets and ratings for PYPL.
Full articleSummary: Brown Shipley& Co Ltd reduced its holdings in Danaher Co. by 72.5% during the 4th quarter, while several other large investors increased their stakes. Wall Street analysts have provided bullish ratings and price target increases for Danaher stock. Danaher also reported strong quarterly earnings and announced a quarterly dividend.
Full articleSummary: Brown Shipley& Co Ltd decreased its position in Bristol-Myers Squibb by 3.8% in the 4th quarter, according to the company's Form 13F filing. Other institutional investors have also modified their holdings of the company. Analyst ratings show a mix of hold, buy, and strong buy ratings for Bristol-Myers Squibb. The stock price of BMY opened at $41.21 on Monday.
Full articleSummary: Mizuho Securities analyst assigned a Buy rating to Intel with a $45.00 price target, while analyst consensus suggests a Hold rating with a $40.31 average price target. Intel reported quarterly revenue of $12.72 billion and a net loss of $437 million. Corporate insider sentiment is positive with recent insider buying activity.
Full articleSummary: US Supreme Court agrees to consider making it harder for shareholders to press securities fraud lawsuits regarding Nvidia Corp.'s crypto-mining revenue.
Full articleSummary: Intel is facing a class action lawsuit alleging misrepresentation of financial results related to its foundry services. The lawsuit claims that Intel failed to disclose losses generated by its manufacturing division properly and made misleadingly positive statements about its business and internal foundry strategy.
Full articleSummary: Google Pixel 9 series with Google's Tensor G4 SoC is expected to be launched in October. Geekbench listing reveals the presence of 8GB RAM onboard but shows lower performance scores compared to previous series and Snapdragon 8 Gen 3 SoC. There are expectations for improvements over the Tensor G3.
Full articleSummary: U.S. stocks trading mixed, with Dow falling more than 100 points on Monday. The Dow traded down 0.34% to 38,456.60, while the NASDAQ rose 0.11% to 17,707.96 and the S&P 500 fell 0.12% to 5,425.29.
Full articleSummary: Brown Shipley& Co Ltd reduced its stake in JPMorgan Chase & Co., while several other hedge funds made changes to their positions. Insiders also sold significant amounts of company stock. JPMorgan Chase & Co. stock saw a minor decrease of 0.2%.
Full articleSummary: The Tesla Model 3 Long Range All-Wheel Drive may be eligible for the $7,500 federal tax credit, making it a more affordable option for buyers. The updated version offers a high EPA range rating of 341 miles and competitive specs compared to the Performance version.
Full articleSummary: Broadcom Inc. is dominating the datacenter and AI Ethernet switching market with an 80% market share and is expected to achieve notable gains, targeting a price of $2,000 by December, according to JPMorgan. Analysts highlight Broadcom's innovative Tomahawk series and strong lead over competitors like Nvidia and Cisco.
Full articleSummary: Broadcom Inc. is dominating the datacenter and AI Ethernet switching market with 80% market share, showing significant innovation and leading competitors like Nvidia, Marvell, and Cisco. Analysts expect Broadcom to reach $2,000 by December, driven by its upcoming Tomahawk 6 chipset.
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