Summary: Centaurus Financial Inc. decreased its position in Gilead Sciences, Inc. by 10.8% in the fourth quarter, while there have been other hedge funds buying and selling shares of GILD. Insider sold shares recently. The company announced a quarterly dividend and reported earnings that beat analysts' estimates.
Full articleSummary: Slagle Financial LLC raised its stake in ConocoPhillips by 98.1% in the 4th quarter, according to its most recent Form 13F filing. Several other large investors also added positions. Insiders have sold 664,350 shares over the last ninety days. Analysts have set new price targets with most giving a buy rating and a consensus target price of $144.18. ConocoPhillips stock was down 1.4%. The company reported EPS of $2.03 for the quarter, beating estimates by $0.04. It also announced a quarterly dividend of $0.78 per share.
Full articleSummary: Chase Freedom is introducing new rotating bonus categories for Freedom and Freedom Flex cardmembers, allowing them to earn 5% cash back on select live entertainment events, movie theaters, and gas stations/EV charging from today through September 30, 2024. Chase Freedom Flex cardmembers will also continue to earn cash back on travel, dining, and drugstore purchases.
Full articleSummary: Dow Inc. launches new family of REVOLOOP Recycled Plastics Resins, plans to commercialize 3 million metric tons per year by 2030, collaborating for sustainable packaging. Company expects high earnings growth and shareholder value with strong demand in key markets.
Full articleSummary: McDonald's has ended its trial of drive-through automated order-taking (AOT) developed with IBM, but plans to explore voice ordering solutions more broadly. Despite discontinuing the current partnership, McDonald's remains optimistic about using voice-activated AI in its operations.
Full articleSummary: Finnish company Wärtsilä has introduced an advanced engine auxiliary module, the Wärtsilä Connector Module, to improve construction, installation, and commissioning processes for its 18V50SG engine power plants, which will streamline installation, reduce construction time and costs.
Full articleSummary: Tesla has been granted a road test license by Shanghai authorities to launch its Full Self-Driving (FSD) system in China and may have started testing it.
Full articleSummary: Tesla shareholders have confirmed their desire for Elon Musk to receive a massive record pay package despite Delaware court's rejection earlier this year. The board believes significant compensation is crucial to keep Musk focused on Tesla and its future challenges.
Full articleSummary: Pfizer shared promising phase 2 results of its Elrexfio monotherapy in patients with relapsed or refractory multiple myeloma at the European Hematology Association Hybrid Congress, showing median overall survival of 24.6 months and median progression-free survival of 17.2 months in RRMM patients.
Full articleSummary: McDonald’s ends test period for AI order-taking technology in drive-thrus due to mixed results and failures, but plans to continue exploring technology solutions for workflow optimization.
Full articleSummary: Apple Watch Series 10 is expected to have larger sizes of 45mm and 49mm, a thinner design, and potential new case color options. Some parts may be manufactured using 3D printing technology.
Full articleSummary: Trust Co. of Vermont decreased its stake in JPMorgan Chase & Co. by 16.7% in the 4th quarter while several other hedge funds increased their holdings. Analysts have mixed opinions on JPM stock with varying price targets and ratings. Insider buying and selling activities have been reported for JPMorgan Chase & Co. CEO James Dimon recently sold a significant amount of shares. The company announced it will pay a quarterly dividend on July 31st.
Full articleSummary: Recent tech events by Apple, Google, and Microsoft highlighted different approaches in AI rollout strategies. Apple showcased a comprehensive AI rollout across various products, emphasizing on user-focused keynotes. Microsoft faced challenges with criticism on its AI technologies, while Google focused on Android smartphones for its AI implementation.
Full articleSummary: New advisory board led by IBM and Girls Who Code CEOs formed by Gov. Kathy Hochul to boost New York State's emerging technology economy, focusing on AI and other fast-growing sectors.
Full articleSummary: Mar Vista Investment Partners, LLC released the 'Mar Vista Focus strategy' first quarter 2024 investor letter, reporting a net return of +5.53% compared to benchmark indexes. The strategy highlighted stocks like Honeywell International Inc. (NASDAQ:HON) but ultimately decided to sell its investment due to concerns regarding organic growth and capital deployment.
Full articleSummary: Cisco will establish a cybersecurity center in Taiwan as part of its Taiwan Digital Acceleration Plan 3.0. The company aims to collaborate with tech associations and train more people in cybersecurity in partnership with Taiwan's government.
Full articleSummary: Gerber LLC bought a new stake in Bank of America Co. (NYSE:BAC) during the 4th quarter, along with several other hedge funds modifying their holdings. Bank of America's stock is currently being traded down 0.1%. The company also announced a quarterly dividend and analysts have set new price targets for the stock.
Full articleSummary: Gerber LLC bought a new position in shares of Texas Instruments Incorporated in the fourth quarter. Institutional investor bought 1,304 shares of the semiconductor company's stock, valued at approximately $222,000. Analysts have provided various ratings for the stock, with an average target price of $182.48. Texas Instruments last reported earnings of $1.20 per share, beating analysts' estimates. The company also recently announced a quarterly dividend of $1.30 per share.
Full articleSummary: NVIDIA is partnering with Stanford to create lighter XR devices with holographic displays and AI integration, aiming to solve adoption hurdles related to form factor and weight of headsets. NVIDIA is also focusing on enterprise XR applications by developing digital twin and AI platforms.
Full articleSummary: Wells Fargo maintained its Overweight rating on Citigroup Inc. with a steady price target of $85.00, highlighting the bank's strength in global payments, corporate checking accounts, and resilience during economic uncertainties. Various analysts, including Piper Sandler and Goldman Sachs, have expressed optimism about Citigroup's performance and growth potential. InvestingPro data indicates stable valuation and consistent dividend payments for the company, aligning with positive market sentiment.
Full articleSummary: Greenwood Capital Associates LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 23.6% during the 4th quarter, several other hedge funds and institutional investors have also recently bought shares of the stock. Insider activity includes a VP selling Exxon Mobil shares. Analysts have given a range of ratings on XOM including 'buy' and 'hold'. Exxon Mobil reported quarterly earnings that missed estimates, with a return on equity of 16.75% and a net margin of 9.62%. The company also announced a quarterly dividend.
Full articleSummary: Costco Travel offers exceptional value for money with comprehensive travel packages and bonus perks for travelers. Executive members enjoy additional rewards, and Costco works with major brands to provide exclusive rates on rental cars and cruise lines. Despite its advantages, Costco Travel may not always offer the best prices compared to other travel agencies.
Full articleSummary: Wellington Management Group LLP reduced its stake in General Dynamics Co. during the 4th quarter. The aerospace company's stock was the 20th largest position in the firm's portfolio. Several other hedge funds also adjusted their holdings of General Dynamics. Analysts predict General Dynamics will post 14.55 EPS for the current fiscal year.
Full articleSummary: Cove Private Wealth LLC acquired a new stake in Medtronic plc in the fourth quarter, other hedge funds also made changes to their positions in the company. Analysts set new price targets for Medtronic. Insiders, including CEO Geoffrey Martha, sold shares of Medtronic stock.
Full articleSummary: Bank of America has named Michael Garand as President of Bank of America Worcester, succeeding Ed Shea who is retiring after 39 years of service.
Full articleSummary: Bank of America appointed Michael Garand as President of Bank of America Worcester, succeeding Ed Shea who is retiring after 39 years with the bank. Garand will lead the Worcester market and focus on building relationships with clients, teammates, and communities.
Full articleSummary: Argus Cyber Security is collaborating with Microsoft to develop a next-generation platform for automotive and mobility security, combining Argus’ cybersecurity portfolio and Microsoft's software development and security products.
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