Summary: Exxon Mobil Corporation announced the retirement of Craig Morford as Vice President, General Counsel and Secretary effective July 1, 2024, and the election of Jeff Taylor as his replacement.
Full articleSummary: Gold price weakens due to Fed's hawkish outlook, geopolitical risks and political uncertainty continue to provide some support, technical analysis signals potential downfall below $2,300 mark
Full articleSummary: Global defence companies are facing a surge in demand and record order volumes, leading to an industry-wide hiring spree for tens of thousands of positions. Major players like Lockheed Martin, Northrop Grumman, and General Dynamics are looking to fill thousands of job openings. The increased military spending since geopolitical tensions escalated has contributed to the sudden spike in orders, with companies also seeking digital skills in engineers, software developers, and cyber-security analysts.
Full articleSummary: Large speculators increased short exposure to EUR/USD and CAD futures, net-long exposure to GBP/USD and NZD/USD futures increased, managed funds reduced short exposure to WTI crude oil while increasing short exposure to Dow Jones E-mini futures. Gold and silver net-long exposure was lower among large speculators
Full articleSummary: Ryan Blaney clinched a spot in the playoffs by winning the inaugural Iowa Corn 350, marking his 11th career triumph. This win is Ford's 731st all-time in NASCAR Cup Series competition and Team Penske's 95th series win with Ford.
Full articleSummary: Coca-Cola Co topped Wall Street estimates for first-quarter revenue and profit by benefiting from resilient demand for its sodas and price increases. The company saw average selling prices increase 11% and global unit case volumes rise 3% in Q1.
Full articleSummary: Citigroup Inc. is expanding its business with medium-size companies in Japan, creating a team in Tokyo to offer tailored products under the brand of Citi Commercial Bank.
Full articleSummary: Emerson Electric Co. (EMR) stock is about to trade ex-dividend in 4 days. The ex-dividend date is on the 9th of November, and shareholders need to be on the company's books before that date to receive the dividend. The company's next dividend payment will be US$0.52 per share. Emerson Electric's dividend is covered by both profits and cash flow, making it sustainable. The earnings per share have been growing at a rate of 16% a year for the past five years.
Full articleSummary: American Tower Corp. wins a default judgement of almost $4 million against TPT SpeedConnect LLC, a subsidiary of TPT Global Tech, Inc., due to breach of contract. However, collecting this amount is uncertain due to the defendant's financial difficulties. TPTG is facing challenges and uncertainties related to its financial situation, with substantial doubts about its ability to continue as a going concern based on recent financial reports.
Full articleSummary: Chicago Partners Investment Group LLC increased its stake in Salesforce, Inc. by 1.3% during the 4th quarter, owning 7,160 shares worth $1,983,000. Many other institutional investors also made changes to their positions in the company. Salesforce stock has been influenced by multiple analyst upgrades and downgrades. Salesforce's trading was up 1.3% and closed at $231.94 on Friday. The company reported better-than-expected quarterly earnings results on May 29th.
Full articleSummary: Stock indexes had a positive performance last week, especially due to soft inflation data. Apple surged past Microsoft to become the most valuable company. Earnings reports are expected from homebuilder stocks Lennar and KB Home. Economic events such as U.S. Retail Sales, Housing Starts, and PMIs are key this week.
Full articleSummary: FedEx reported mixed third-quarter results with earnings falling short but revenue exceeding estimates. The company pulled its full-year guidance due to uncertainty caused by the Covid-19 outbreak and mentioned plans to cut costs to offset near-term headwinds.
Full articleSummary: SageView Advisory Group LLC increased its stake in Costco Wholesale Co., while a number of other large investors also made changes to their positions in COST. Insider transactions at Costco Wholesale involved EVP selling shares. Costco Wholesale stock performance shows positive growth, and the company recently increased its dividend. Wall Street analysts have mostly positive ratings on Costco Wholesale.
Full articleSummary: Exxon Mobil Corp. is touting the benefits of a merger that created the new company, highlighting greater synergy benefits and quicker realization than expected, along with significant job cuts and positive financial impacts such as improved net income and sales proceeds from divestitures.
Full articleSummary: Sierra Summit Advisors LLC acquired a new position in Pfizer Inc., Other large investors also modified their holdings of the company. Pfizer announced dividends and exceeded analysts' earnings expectations. Several research firms have set new price targets for Pfizer.
Full articleSummary: ExxonMobil has retained its top position as the world's leading energy enterprise and largest domestic publicly traded entity, with a market capitalization of $394.6 billion in 2012. The ranking by PFC Energy 50 revealed that the company has been No. 1 for two consecutive years and highlighted North America's significant contributions to the energy sector.
Full articleSummary: Marvel Studios announced the release of Deadpool & Wolverine in Chinese theaters next month, potentially boosting earnings for Disney, which acquired rights to make movies based on Marvel characters after buying 21st Century Fox. This move indicates a positive outlook for Disney in the Chinese market.
Full articleSummary: Aquila Inc. had a successful initial public offering on the NYSE, closing at $27.90 after opening at $29.75, indicating high demand with increased shares offered by UtiliCorp. David Menlow highlighted Aquila's growth prospects and products like Guaranteed Weather as strong draws for clients.
Full articleSummary: Proathlete Wealth Management LLC acquired a new position in shares of Lowe’s Companies, Inc. during the fourth quarter. Several other large investors also made changes to their positions in the stock. Lowe’s Companies reported positive earnings results and cutting dividend recently.
Full articleSummary: ExxonMobil Corp reported a 10% drop in quarterly net income, falling short of analysts' expectations, although they set a revenue record. Profit in the upstream sector declined due to property sales and loss of Venezuelan assets. The company invested $5.4 billion in capital and exploration projects and spent $7.8 billion to buy back shares.
Full articleSummary: Coca-Cola Consolidated, Inc. experienced a significant decrease in short interest during May, with hedge funds making adjustments to their stakes in the company. Additionally, an analyst rating change from 'strong-buy' to 'buy' was noted. The company also reported its earnings results for the quarter, displaying a return on equity of 42.10% and a net margin of 6.83%. A dividend was announced as well.
Full articleSummary: TKG Advisors LLC decreased its holdings in The Coca-Cola Company by 28.5% in the fourth quarter. Insider transactions included EVPs Nancy Quan and Henrique Braun selling shares of the company. Analyst ratings changes showed a positive trend with several analysts increasing target prices and giving 'buy' ratings. Coca-Cola announced a quarterly dividend to be paid on July 1st.
Full articleSummary: Medtronic plc (NYSE:MDT) stock seems fairly valued at the moment according to a valuation model, trading around 16% below its intrinsic value. The stock is less volatile than the wider market, and its future earnings are expected to increase by 63%, indicating optimistic growth potential.
Full articleSummary: Medtronic plc (NYSE:MDT) has been trading around 16% below its intrinsic value, indicating it is fairly valued at the moment according to a valuation model. The company's earnings are expected to increase by 63% over the next few years, suggesting high growth potential.
Full articleSummary: Frontline plc (NYSE:FRO) fell 6.1% on Friday following some analyst downgrades and overall trading down 4.3%. The company also increased its dividend, leading to a dividend yield of 10.32%. Institutional investors have made changes to their positions in the stock.
Full articleSummary: Exxon Mobil Corp. forecasts the need for multiple solutions to meet energy demand and reduce greenhouse gas emissions due to population growth and economic expansion. Report emphasizes fossil fuels' dominance but also predicts a rise in nuclear power and renewable energy. CEO highlights the need for investment in fuel production, new energy sources, and technologies for environmental sustainability.
Full articleSummary: SageView Advisory Group LLC raised its stake in Exxon Mobil by 45.5% during the 4th quarter, while other hedge funds also adjusted their positions. Analysts have mixed ratings on the stock, but several have raised their price targets. Exxon Mobil announced a quarterly dividend of $0.95 per share.
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