Summary: Congress Asset Management Co. MA reduced its stake in Oracle Co. by 17.3% during the fourth quarter, selling 19,644 shares. Several other institutional investors and hedge funds also adjusted their positions. CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th.
Full articleSummary: 1. Quarry LP increased its position in Salesforce by 101.0% in the 4th quarter, with holdings worth $51,000. 2. Several institutional investors and hedge funds also made changes to their positions in Salesforce. 3. Analysts have provided varied ratings for Salesforce, with the stock currently having a consensus rating of 'Moderate Buy' and a consensus price target of $292.79.
Full articleSummary: Congress Asset Management Co. MA reduced its position in Colgate-Palmolive by 4.6% in the fourth quarter. Several other hedge funds have also made changes to their positions in CL. Analysts have issued 'buy' and 'hold' ratings for the stock. Colgate-Palmolive announced a higher quarterly dividend. Insider activity includes stock sales from Sally Massey and John W. Kooyman.
Full articleSummary: Honeywell and PwC India announced a strategic mission to help businesses accelerate their enterprise digital transformation journey by combining PwC's consulting expertise with Honeywell's intelligent operational technology software solutions.
Full articleSummary: M&A activity in the drug/pharma sector is picking up in the second half of 2020 after slowdown due to the coronavirus pandemic. Several significant acquisitions have been made by companies like Gilead Sciences, Johnson & Johnson, Sanofi, and Bristol Myers Squibb, with premiums being offered. Bristol Myers Squibb announced a definitive deal to acquire MyoKardia for $13.1 billion, representing a premium of 61.2% on MyoKardia’s closing price.
Full articleSummary: Nvidia completed a 10-for-1 forward stock split, fueling speculation of its inclusion in the Dow Jones Industrial Average. However, there are concerns about Nvidia's maturity in AI compared to other potential candidates, like Alphabet and Meta Platforms. The Dow's weighting system by share price could work in Nvidia's favor.
Full articleSummary: Bank of America (BAC) offers a dividend yield of just under 2.5%. Despite not being the highest yielder, BofA has shown reliable dividend growth at an annualized pace of 25%. The stock has performed well, rallying from around $4.92 per share in late 2011 to nearly $39 currently.
Full articleSummary: Nvidia's high valuation is attributed to the AI potential of the company, with several key factors pointing towards continued growth in the sector.
Full articleSummary: Berkshire Hathaway, owned by Warren Buffett, sold 1.3 million Hong Kong-listed shares of electric vehicle maker BYD for HK$310.5 million.
Full articleSummary: The Rheumatology Therapeutics Market research study provides insights into current market developments, landscape, technologies, drivers, opportunities, and market outlook with key players such as AbbVie, Pfizer, and Novartis. The market revenue is projected to reach xx.xx Million USD by 2024 with a CAGR of x.x% during 2019-2024.
Full articleSummary: Eli Lilly's stock has skyrocketed due to modest valuation before a surge, introducing blockbuster drugs with huge Total Addressable Market (TAM), Johnson & Johnson (J&J) shows similar characteristics to Lilly five years ago with modest valuation and working on novel treatments targeting diseases with large TAMs like Alzheimer's, making it a potential candidate for significant growth. Risk of investments in J&J include potential failure of drugs in testing stages and past legal issues, but the company has shown steady financial growth over the years, presenting an asymmetric bet for investors.
Full articleSummary: Irish Data Protection Commission and UK's Information Commissioner's Office push back against Meta's decision to train large language models using public content shared on Facebook and Instagram, regulators ask Meta to delay or pause the training, user privacy group files complaints against Meta's plans which goes against GDPR articles and the need for opt-in to personal data processing, Meta claims 'legitimate interest' overrides data protection laws, regulators welcome pushback and continue to engage with Meta and generative AI developers to ensure users' rights are respected
Full articleSummary: The Gross Law Firm issues a notice to Intel Corporation shareholders regarding a class action lawsuit due to allegations of misleading statements and operating losses in their Foundry business.
Full articleSummary: The first Starbucks in Guangzhou at WMall will close after 21 years due to lease agreement expiration but a new location will open nearby. Starbucks' dominance in China is fading as Luckin Coffee surges in popularity, outpacing Starbucks in store numbers and sales. Starbucks' China market revenue declined by 8% year-on-year with same-store sales dropping 11%.
Full articleSummary: General Dynamics subsidiary receives a five-year, $1.13 billion contract from the U.S. Navy to provide planning yard support services for DDG 51 Arleigh Burke-class guided-missile destroyers in Bath, Maine.
Full articleSummary: EP Wealth Advisors LLC increased its holdings in Philip Morris International Inc. during the fourth quarter, while other institutional investors also made changes to their positions in the company. Philip Morris International reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41. The firm declared a quarterly dividend of $1.30.
Full articleSummary: Costco customers are expressing frustration over long lines and lack of express pay option, while praising Sam's Club's Scan & Go app. Sam's Club introduces AI-powered machines for receipt checks, receiving positive feedback from customers.
Full articleSummary: Scarborough Advisors LLC acquired a new position in International Business Machines Co. during the fourth quarter, with other large investors also making changes to their positions. Analysts have mixed ratings on the stock, with recent changes in price targets. The company reported earnings above estimates and increased its dividend.
Full articleSummary: Meta has decided to pause plans to train AI using data from EU citizens and delay launching Meta AI in the region, facing pressure from data protection authorities and complaints from privacy campaign groups.
Full articleSummary: Cisco announces plans to set up a cybersecurity centre in Taiwan as part of its Taiwan Digital Acceleration Plan 3.0, aiming to address global talent shortage in the sector and enhance threat intelligence and cyber readiness. Taiwan Vice President Hsiao Bi-khim expresses gratitude for Cisco's continued partnership with Taiwan.
Full articleSummary: Broadcom (AVGO) is splitting its stock 10-for-1 on July 12, following a surge in stock price and strong earnings report. The company's recent acquisition of VMware has been a success, with revenue growth and cost savings exceeding expectations. Additionally, Broadcom's AI product portfolio is performing well, especially in networking products and custom ASICs.
Full articleSummary: BlackRock, Inc. increases its voting rights to 12.9% in Great Portland Estates plc.
Full articleSummary: Apple Watch Series 10 will have larger screen sizes and thinner design. Apple may introduce a new dark/black case color option for Apple Watch Ultra. Apple will start using 3D printing technology for manufacturing Apple Watch components later this year.
Full articleSummary: Tesla is facing numerous challenges including production issues with the Cybertruck, declining sales, competition from other auto manufacturers, and Elon Musk's controversial behavior. Musk's $48 billion pay package, approved by shareholders, is raising concerns about the company's future.
Full articleSummary: Costco is well-known for offering great deals on MacBook Pros, generally selling them cheaper than its competitors. It also provides a generous return policy and extends the manufacturer's warranty to two years, along with offering free technical support through its Concierge Service.
Full articleSummary: Nvidia completed a 10-for-1 forward stock split, fueling speculation on its inclusion in the Dow Jones Industrial Average. The decision regarding Nvidia's inclusion in the index depends on various factors such as market diversity, company size, maturity of core revenue driver (AI), and share price weighting.
Full articleSummary: The Green Coffee market, valued at USD 35.40 billion in 2023, is projected to reach USD 65.67 billion by 2032 with a CAGR of 9.23%. The market is being driven by increasing R&D spending globally and the health benefits associated with green coffee consumption, such as weight loss and reducing blood pressure.
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