Summary: Google has restored the search ranking of privacy-focused email provider Tuta after a complaint was filed under the Digital Markets Act.
Full articleSummary: Alphabet Inc. (GOOGL) shares have rallied 26.7% YTD outperforming Zacks Computer & Technology sector. Efforts to strengthen Google Services segment through additions like 'Listen to this page' feature on Google Chrome and 'Minimized Custom Tabs' are noteworthy. These advancements are expected to improve user experience and functionality of Chrome browser, capitalizing on growth opportunities in the global search engine market. Growing Chrome efforts will help Alphabet in sustaining its dominance in the market against competitors like Microsoft (MSFT) and Apple (AAPL). Strengthening Google Services segment is expected to continue aiding Alphabet’s financial performance in the near term with projected revenue growth of 15.2% and earnings increase of 31.03% by 2024.
Full articleSummary: Alphabet's GOOGL shares have rallied 26.7% in the year-to-date period, outperforming the Zacks Computer & Technology sector. The company is benefiting from the strong Google Services segment and is making efforts to improve user experience and functionality of the Chrome browser. Growing Chrome efforts are expected to aid Alphabet in maintaining its dominance in the global search engine market against competitors like Microsoft and Apple.
Full articleSummary: Novo Nordisk and Eli Lilly have seen massive gains due to the attention on weight-loss drugs and obesity issues. Novo Nordisk's shares have soared 297% and Eli Lilly's stock has surged 414%. Investors are urged to stick to the rules of when to buy and sell stocks. Novo Nordisk remains in buy range from a cup with handle, while Eli Lilly is now extended beyond buy range.
Full articleSummary: McDonald’s is ending its AI-driven Automated Order Taker (AOT) test at the drive-thru after two and a half years due to underperforming metrics in voice ordering accuracy. The partnership with IBM will be discontinued for AOT, but McDonald's will continue using IBM's products and plans to explore voice ordering solutions more broadly.
Full articleSummary: Nvidia Corporation (NASDAQ:NVDA) stock has surged 207% in the past twelve months, but market sentiment is split between bullish and overvalued views. The upcoming option expiration date on June 21 could negatively impact Gamma momentum and lead to a decrease in bullish hedging activity, potentially affecting the stock price. A residual earnings model valuation implies a target price of $76.4 per share.
Full articleSummary: Wahed Invest LLC raised its holdings in Alphabet Inc. by 8.0% in the 4th quarter, Norges Bank bought a new stake in shares of Alphabet valued at $15,441,917,000, Wall Street analysts have an average price target of $193.26 for Alphabet.
Full articleSummary: The Motley Fool does not currently recommend investing in Oracle stock, as it was not included in their list of 10 best stocks for investors. However, the Stock Advisor service has outperformed the S&P 500 since 2002.
Full articleSummary: Berkshire Hathaway is cutting its stake in Chinese EV maker BYD Company by selling nearly $40 million worth of BYD stock. The sale reduced Berkshire's holding from 7% to 6.9%, potentially due to tariffs on Chinese EVs and increased competition, particularly from Tesla in the international market.
Full articleSummary: Coca-Cola Europacific Partners Great Britain (CCEP) has launched a summer retailer competition inviting retailers stocking Jack Daniel’s & Coca-Cola to participate in a giveaway with weekly cash prizes and branded merchandise. Consumers also have a chance to win gig vouchers through a free prize draw promoted via digital marketing activities.
Full articleSummary: Zacks Premium offers various tools for investors including Zacks Style Scores which rates stocks based on value, growth, and momentum qualities. Costco (COST) is a #3 (Hold) stock on Zacks Rank with VGM Score of B and positive Momentum Style Score of B, showing potential for growth.
Full articleSummary: Coca-Cola HBC AG has announced a buyback of its ordinary shares through its ongoing share purchase program.
Full articleSummary: Kansas Attorney General Kris Kobach is suing Pfizer for misleading claims related to the COVID vaccine, alleging that Pfizer misled about risks, COVID variants protection, COVID transmission prevention, and collaboration with social media to censor criticism and avoidance of Operation Warp Speed.
Full articleSummary: The US Supreme Court agreed to hear Nvidia's appeal in a securities fraud lawsuit regarding its statements on cryptocurrency-related revenues in 2017 and 2018. Nvidia has become a significant player in the AI industry and faced legal action from shareholders claiming they were misled about its crypto-related revenue growth.
Full articleSummary: Wall Street analysts have an average brokerage recommendation of 1.91 for Comcast (CMCSA), indicating a buy sentiment. However, investors should be cautious as brokerage recommendations tend to have strong positive bias. Zacks Rank, which focuses on earnings estimate revisions, suggests a Hold rating for Comcast.
Full articleSummary: Altair, a global leader in computational intelligence, announced the availability of Altair One on Google Cloud Marketplace, enabling seamless access to simulation, data analytics, and high-performance computing capabilities.
Full articleSummary: Broadcom's rise in 2024 has led to the chipmaker potentially replacing Tesla in the 'Magnificent Seven' due to its surge in stock price and strong earnings report, as stated by Interactive Brokers Chief Strategist Steve Sosnick.
Full articleSummary: Wellington Management Group LLP reduced its position in RTX Co. by 46.2% in the fourth quarter, as per its recent Form 13F filing with the SEC. The firm owns approximately 1.91% of RTX worth $2,136,657,000. RTX last reported quarterly earnings with a net margin of 4.90% and a return on equity of 10.81%.
Full articleSummary: Tesla Cybertruck's quoted bed size is not ideal for carrying substantial items, as the bed size shrinks with increasing height of objects due to the way the rear bulkhead is designed. This may limit the practicality of using the Cybertruck for real truck purposes.
Full articleSummary: A study by Surfshark's research hub found that Amazon's Alexa app collects 28 out of 32 possible data points, while Google's smart home devices collect 22 points, raising privacy concerns. Users are advised to manage privacy settings and review app permissions. Outdated privacy practices were highlighted, with concerns about data collection from apps controlling children's toys.
Full articleSummary: Broadcom stock continues to rise, setting a new all-time high after last week's earnings report and stock split announcement. Several large companies, including Walmart, Chipotle Mexican Grill, and Nvidia, have recently announced stock splits.
Full articleSummary: McDonald's is ending its partnership with IBM to test AI technology for drive-thru orders, but still sees a future for AI in their restaurants. Other fast food chains like Hardee's, Carl's Jr., and Wendy's have announced plans to utilize AI for drive-thru orders and other purposes.
Full articleSummary: A Tesla in 'self-drive' mode crashed into a police car at the scene of a fatal collision in Fullerton, California. The Tesla driver admitted to using 'self-drive' mode while being on his cell phone, violating California law.
Full articleSummary: Bill Gates reflects on India's significant contributions to Microsoft's success, praises Satya Nadella, discusses India's strengths and challenges, and highlights the potential for technology to improve the legal system productivity in India.
Full articleSummary: Broadcom (AVGO) stock surged 4.9% today fueled by growing bullishness on Wall Street ahead of its stock split announcement. Analysts raised price targets with expectations of further upside. The upcoming 10-for-1 stock split is a key factor driving excitement.
Full articleSummary: Boeing is facing a crisis as CEO Dave Calhoun is set to defend his record before US senators following a 32% stock slump and credit rating decline, while investors await the announcement of his successor. The company is under scrutiny for quality lapses, facing investigations from multiple federal agencies.
Full articleSummary: IBM has collaborated with The All-England Lawn Tennis Club to introduce Generative AI technology in the upcoming Wimbledon tournament, aiming to enhance the experience for fans with real-time updates, AI-generated player stories, and analysis. The partnership is expected to generate significant revenue for IBM and strengthen its position in the generative AI domain. Shares of IBM have gained 23.1% over the past year.
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