Summary: Salesforce.com Inc (CRM) will be hosting a conference call to discuss Q1 25 earnings results.
Full articleSummary: Wells Fargo upgraded FS KKR Capital (NYSE:FSK) from Equal Weight to Overweight and raised the target price to $21 from $19, citing positive developments in the firm's business operations and outlook.
Full articleSummary: The global aerospace composites market is estimated to reach USD 52.1 billion by 2029, with a CAGR of 12.3% from 2024 to 2029. Polymer matrix composites account for the largest share in the market due to their exceptional properties and lightweight alternatives for traditional metals. The lay-up manufacturing process is widely used in the aerospace industry for producing composite parts.
Full articleSummary: Hess Corporation shareholders approved the $53 billion merger with Chevron Corporation, clearing a significant hurdle for the transaction. The deal still needs regulatory approval and resolution of an arbitration dispute with Exxon Mobil and CNOOC. Hess stock price rose after the announcement.
Full articleSummary: Simon Property Group, Inc. (NYSE:SPG) has been rated as 'Hold' by nine brokerages, with five analysts holding and four giving a buy rating. The average 1-year price target is $145.33. The company's shares opened at $147.18 on Wednesday.
Full articleSummary: The global aerospace composites market is estimated to reach USD 52.1 billion by 2029, with a CAGR of 12.3% from 2024 to 2029. Polymer matrix composites segment is the largest in value, and the lay-up manufacturing process segment ranks third. Europe is projected to be the second-largest region for the aerospace composites market, driven by demand in space exploration and commercial aircraft production.
Full articleSummary: Microsoft's new feature named Recall triggers privacy concerns by taking screenshots of user activity every five seconds, leading to criticism from industry leaders like Elon Musk. The AI tool aims to help users access past content on their computers through screenshot search capabilities.
Full articleSummary: Apple has agreed to pay out $35 million as part of a settlement in a 2019 class-action lawsuit filed due to alleged issues with the audio on iPhone 7 and iPhone 7 Plus. Users who qualify may be entitled to receive up to $349.
Full articleSummary: Boeing and IAFF Local I-66 have reached a tentative agreement to end a lockout and months of negotiations, with the vote results expected to be announced on Thursday. Boeing claimed the offer included pay increases, health care coverage, and a 401(k) plan.
Full articleSummary: Nick Griffin, Chief Investment Officer at Munro Partners, is amazed by Nvidia's dramatic growth and unprecedented earnings acceleration, driven by sales and earnings beating expectations due to AI boom. Industry estimates project Nvidia to sell $100 billion of AI accelerators in the next 12 months, indicating strong demand and potential sustainable growth. Despite potential non-linear stock performance, Griffin believes in Nvidia's long-term growth prospects and highlights its faster growth rate compared to other top companies.
Full articleSummary: Emerson has launched the TESCOMTM HV-7000 Series two-stage pressure-reducing regulator designed for hydrogen-powered vehicles, aiming to improve fuel efficiency and reliability, prevent regulator failure due to contamination, and facilitate easy installation for vehicle users and manufacturers.
Full articleSummary: Nike is set to release the Air Foamposite One in a new 'Light Orewood Brown' colorway featuring a unique and stylish design, blending light cream and black tones, appealing to sneaker enthusiasts who appreciate futuristic style and simple elegance in their footwear. The release date is May 31st with a retail price of $240.
Full articleSummary: Tesla has imposed power restrictions on its Model 3 and Model Y in certain countries like Turkey and Singapore to comply with tax regulations, resulting in slower acceleration times for the vehicles.
Full articleSummary: Gilead Sciences, Inc. has been rated as a 'Hold' by analysts, with some issuing 'buy' recommendations as well. The average 1-year price objective for the stock is $83.69. Recent insider activity includes the sale of 2,000 shares by an insider. Institutional investors have also made changes to their holdings in the company.
Full articleSummary: Nvidia continues to dominate the tech sector as its shares surge past $1,100 with a boost from Elon Musk's announcement about xAI. Meanwhile, Tesla shareholders await a significant vote on Musk's pay package. ASCO holds its annual meeting focusing on cancer research advancements. There is optimism in the Wall Street marketplace despite concerns about consumer spending and inflation. Retailers like Abercrombie & Fitch and Costco report quarterly results this week, providing insight into consumer behavior.
Full articleSummary: IBM Power Systems, based on IBM’s Power architecture, cater to mission-critical enterprise workloads driven by emerging technologies like AI, Hybrid Cloud, and data analytics. ISDL (India System Development Lab) plays a key role in IBM Power Systems development and progression in innovative technology for processors, servers, storage, and operating systems. IBM Power Systems offer scalability, performance, reliability, security, and play a crucial role in various industries like BFSI, retail, healthcare, and telecom due to their robust features.
Full articleSummary: BlackRock's iShares Bitcoin Trust has become the world's largest fund for the world's largest cryptocurrency, overtaking Grayscale Bitcoin Trust in total assets, as reported by Bloomberg. BlackRock's ETF has seen significant inflows from wealth community and independent financial advisors, benefiting from its strong distribution network. Grayscale's products faced challenges such as selling pressure and higher fees compared to competitors.
Full articleSummary: Apple shared insights on tinnitus from its hearing health study, indicating its prevalence and impact, based on a survey of over 160,000 participants. The ongoing research involves collaboration with the University of Michigan and The World Health Organization, aiming to improve understanding and management of tinnitus.
Full articleSummary: One United Properties will issue 1.75 billion new shares at a price of RON 0.2 to finance further projects, with existing shareholders receiving new shares at a rate of 1 to 2.19 based on the number of existing shares.
Full articleSummary: Cartography Biosciences has partnered with Gilead Sciences to develop therapies against new targets in oncology, focusing on triple-negative breast cancer and adenocarcinoma. Gilead will have the option to choose from multiple targets detected in the partnership.
Full articleSummary: Evercore ISI maintains Outperform rating and $330.00 price target for Salesforce.com ahead of positive earnings report, anticipating exceedance of first-quarter expectations in subscription revenue, CRPO, and operating margins. Analysis suggests potential modest increases in initial subscription revenue and CRPO forecasts. Salesforce's first-quarter results predicted to reinforce 'profitable growth' narrative with no significant adjustments to full-year guidance likely. Combination of low double-digit growth and margin improvement could drive stock's performance, with favorable risk/reward profile.
Full articleSummary: Boeing's Starliner spacecraft is set to make its first crewed flight to the International Space Station after facing delays, with a 90% chance of favorable weather conditions for launch. The mission is an important milestone for NASA, Boeing, and their partners as part of the Commercial Crew Program.
Full articleSummary: Zacks Research lifted their earnings estimates for Simon Property Group for Q2 2024 and full-year earnings. The company has received multiple target price upgrades and ratings from analysts. Simon Property Group declared an increased dividend and initiated a stock buyback plan.
Full articleSummary: Eli Lilly is investing an additional $5.3bn in its US manufacturing sites to expand API production for chronic disease drugs and create more job opportunities.
Full articleSummary: The Motley Fool Stock Advisor team did not identify PayPal as one of the top 10 stocks to buy now, suggesting other stocks for potential higher returns. Neil Rozenbaum and The Motley Fool have positions in PayPal.
Full articleSummary: The global wind energy market is projected to grow significantly, with Europe leading in market growth. Offshore wind energy is expected to grow at the highest CAGR, and Asia-Pacific dominated the market share in 2019. Presence of major manufacturers in countries like France, Germany, and Norway will further drive market growth.
Full articleSummary: Charles Schwab clients' self-directed brokerage accounts saw a near 10% increase year-over-year in the first quarter of 2024, with the average balance at $328,239. Investors with advised accounts had a significantly higher average balance than non-advised peers.
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