Summary: Gilead Sciences, Inc. (NASDAQ:GILD) experienced a significant increase in short interest during May. Insider transactions were reported, including an insider selling a portion of shares. Analyst ratings for GILD have generally hovered at hold, with a consensus target price of $83.69.
Full articleSummary: Bank of New York Mellon received a consensus rating of 'Moderate Buy' from nine research firms, with five buy recommendations and four hold recommendations. The average 1 year price target is $60.17. The bank recently reported quarterly earnings with $1.29 EPS, beating expectations.
Full articleSummary: PepsiCo plans to invest $160 million to construct a potato chip production plant in Kazakhstan's Almaty region under the Lay's brand, aiming to use only Kazakhstani-grown potatoes for production by 2033. The company will also launch a partnership program for Kazakhstani agricultural producers.
Full articleSummary: ConocoPhillips reported an increase in commodity prices, with oil and gas production up more than 29% in the first quarter compared to the previous quarter due to rising energy demand. The company's production forecast for 2021 is maintained at around 1.5 million boe/d, with capital spending for the year expected to be $6.2 billion.
Full articleSummary: Aquila Inc. had a successful IPO, trading well above its offering price and attracting significant interest in a lackluster market. The company closed at $27.90, with strong growth and earnings prospects highlighted by experts.
Full articleSummary: Fisher Asset Management LLC reduced its position in American Tower Co. (NYSE:AMT) by 10.7% during the 4th quarter. Other institutional investors have also modified their holdings of the company. Insiders like EVP Sanjay Goel and Director Robert D. Hormats sold shares recently. American Tower announced a quarterly dividend. Analysts have issued various ratings on the stock.
Full articleSummary: Cim LLC bought a new stake in United Parcel Service during the fourth quarter, along with other hedge funds also acquiring positions. Wall Street analysts forecast growth for UPS, with various price objectives and ratings. The company reported earnings beating estimates and announced a dividend.
Full articleSummary: Cisco Systems (CSCO) closed lower in the latest trading session, underperforming the broader markets. Analysts are expecting a slight decrease in EPS for the upcoming report, while the revenue is also anticipated to decline. Recent estimates revisions for the company are hinting at near-term business trends.
Full articleSummary: Medtronic is looking to hire a Finance Analyst for its US Structural Heart Sales team who will be responsible for revenue and expense management, financial modeling, variance analysis, and annual planning. The role offers collaboration opportunities across different departments and exposure to various financial processes within the company.
Full articleSummary: Caterpillar Inc. (NYSE:CAT) fell 2.5% during mid-day trading on Friday after analysts expressed mixed opinions on the company's stock and the company announced an increase in quarterly dividend. Also, insiders made significant trades of the stock and institutional investors continue to hold large positions in the firm.
Full articleSummary: Comcast's stock price was down 0.7% during trading, analysts have mixed views on the stock with some lowering price targets, and the company recently announced a quarterly dividend and insider selling activity.
Full articleSummary: Royal London Asset Management Ltd. increased its holdings in Texas Instruments by 1.0% in the fourth quarter while other institutional investors also bought shares. Insiders, including Director Pamela H. Patsley and Chairman Richard K. Templeton, recently sold shares. Analysts have given mixed ratings to TXN stock with a consensus rating of 'Hold' and an average price target of $182.48.
Full articleSummary: V Square Quantitative Management LLC increased its holdings in Colgate-Palmolive by 43.8% during the 4th quarter, with the company now owning 11,278 shares worth $899,000. Additionally, various other large investors have recently modified their holdings of CL. Analysts have given a consensus rating of 'Moderate Buy' with a price target of $92.94 for Colgate-Palmolive. The stock's recent trading price was $94.63 on Friday.
Full articleSummary: Ford released a rare Smartphone app update that added new features for electric vehicle owners, such as one-tap vehicle controls, enhanced charge management, and remote climate control options for F-150 Lightning owners.
Full articleSummary: Google is shutting down its messaging service within Google Maps, which allowed businesses to use it for customer service purposes.
Full articleSummary: Ford has created a special 800-horsepower Mustang GTD with advanced features that include a unique rear suspension setup and a special window for passengers to watch the suspension system in action.
Full articleSummary: Researchers at JPMorgan Chase, Argonne National Laboratory, and Quantinuum have demonstrated a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA), showing potential applications in various fields. They used a simulator on the Polaris supercomputer to evaluate the algorithm's performance at scale and implemented it on Quantinuum's quantum computers to reduce error impacts.
Full articleSummary: Elliott Management urges Texas Instruments to reconsider its aggressive manufacturing capacity expansion plan due to projected oversupply issues leading to significant decrease in free cash flow per share and underperformance compared to competitors.
Full articleSummary: Blackrock Silver Corp. has completed a bought deal public offering, led by an investment from Eric Sprott, resulting in aggregate gross proceeds of $10.35 million. The net proceeds will be used for exploration, resource expansion, drilling, and general corporate purposes. Eric Sprott acquired 12,500,000 units for $4,000,000 and now owns approximately 9.8% of the outstanding Common Shares.
Full articleSummary: Bristol Myers Squibb (BMS) is taking steps to address healthcare access disparities in low- and middle-income countries (LMICs) by launching the ASPIRE program to reach more than 208,000 patients in LMICs by 2033 and collaborating with the Access to Oncology Medicines (ATOM) Coalition to provide immuno-oncology therapies in select LMICs.
Full articleSummary: Chevron is risking allegations of greenwashing by overcommitting to carbon reduction, which could potentially lead to investigations by the SEC and penalties in the tens of millions of dollars.
Full articleSummary: ContractMatrix, an AI-powered tool developed in collaboration with Microsoft and OpenAI-backed firm Harvey, has saved seven hours from the average contract review process for law firm A&O Shearman. The tool is built on Microsoft's Azure cloud platform and aims to speed up the drafting, reviewing, and negotiating process for contracts.
Full articleSummary: Major U.S. equity indices and S&P 500 sectors are trading lower due to rising investor anxiety over interest rates, with 30-year Treasury yields surging. Traders are trimming Fed rate cut expectations, showing only one rate cut fully priced in for the year. American Airlines Group Inc. drops over 14% following analyst downgrades, while Marathon Oil Corp rises nearly 10% in response to an acquisition deal.
Full articleSummary: Comcast's new streaming player, Xumo TV, is getting a new user interface aimed at improving user experience and content discovery. The update includes changes to make browsing programs more immersive, personalized, live, rich in details, and contextual.
Full articleSummary: FDA approved Amgen Inc's Bkemv as the first interchangeable biosimilar to AstraZeneca's Soliris for rare diseases like PNH and aHUS. The monoclonal antibody works by binding to the complement C5 protein, preventing the breakdown of red blood cells. Bkemv has a Boxed Warning for meningococcal infections and is available through a restricted program.
Full articleSummary: Home Depot and Lowe’s reported declining sales and profitability in first quarter of 2024 due to softness in discretionary spending. Both companies are focusing on improving share with Pro customers to expand their position in the market. Home Depot expects modest growth in sales and EPS for fiscal year 2024 while Lowe’s forecasts decline in comparable sales.
Full articleSummary: Cisco and AT&T launch new digital buying experience for businesses to easily access 5G Fixed Wireless Access. The new cellular gateways by Cisco paired with AT&T's wireless WAN service provide a seamless, plug-and-play 5G connectivity solution.
Full article