Summary: Intel's Eric McLaughlin emphasizes the critical role of Wi-Fi connectivity in enhancing AI experiences on PCs, highlighting the importance of delivering high-speed, low-latency, and accurate data to AI processors for optimal performance.
Full articleSummary: Analysts provided new ratings on Verizon and Hello Group in the Communication Services sector. Citi analyst Michael Rollins maintained a Buy rating on Verizon with a price target of $47.00, while Citi analyst Brian Gong maintained a Hold rating on Hello Group with a price target of $5.70.
Full articleSummary: Citigroup Global Markets and its related entities have ceased to be substantial shareholders in IDP Education Ltd as of May 27, 2024, with a significant decrease in their holdings through various transactions. The changes, involving millions of shares, were part of ordinary business transactions and securities lending agreements.
Full articleSummary: Hess Corp. receives stockholder approval for merger with Chevron Corporation, subject to closing conditions and arbitration proceedings.
Full articleSummary: Recent cleantech news includes California impacting the solar industry, Tesla offering low financing rates on Model Y, insights into EV sales and new electric vehicle releases, and advancements in electric semi trucks, trikes, and bikes.
Full articleSummary: Google's Pixel phones are facing challenges with low consumer loyalty as indicated by a Stocklytics report showing 57% of owners are ready to switch to another brand. Counterpoint Research revealed Google's U.S. smartphone market share is alarmingly low at possibly less than 2%. Despite issues, Google is gearing up to launch Pixel 9 models with advanced features and enhancements.
Full articleSummary: Ford Performance is preparing to participate in the Pikes Peak International Hill Climb with a F-150 Lightning SuperTruck to advance electric powertrain research and development.
Full articleSummary: Three aviation stocks to buy amid consolidation are expected to gain increased value as some of their competitors are acquired and reduce competition. The stocks mentioned are General Electric (GE), TransDigm (TDG), and VSE Corp. (VSEC).
Full articleSummary: Lockheed Martin Investment Management Co. decreased its stake in American Tower Corp. by 12.7% in the 4th quarter, with the fund owning 58,915 shares worth $12,463,000. Several other institutional investors also adjusted their positions. Insiders, including the CFO and a Director, sold company stock worth millions of dollars. American Tower's stock price was down slightly at $185.01 on Tuesday. The company reported earnings below expectations for the quarter but anticipates a positive EPS for the year. Additionally, it declared a quarterly dividend of $1.62, representing a 3.50% yield.
Full articleSummary: Hess Corp. has received approval from its stockholders for the proposed merger with Chevron Corporation in a deal valued at $53 billion.
Full articleSummary: Thyme Care receives a strategic investment from Echo Health Ventures and CVS Health Ventures to expand their value-based cancer care model nationally, focusing on improving patient outcomes and reducing costs through innovative payment models and provider-centric approach.
Full articleSummary: The Charles Schwab's SDBA Indicators Report for the first quarter of 2024 shows an increase in the average account balance to $328,239, with equities remaining the largest holding at 34.1%, led by Information Technology stocks such as Apple, Nvidia, and Amazon. Gen X had the highest advised accounts and Baby Boomers had the highest SDBA balances.
Full articleSummary: Broadcom is being compared to its key competitors in the Semiconductors & Semiconductor Equipment industry, analyzing financial metrics, market position, and growth prospects. Broadcom shows potential undervaluation in terms of P/E ratio but potential overvaluation in P/B and P/S ratios. Despite lower ROE, EBITDA, and gross profit compared to the industry, Broadcom demonstrates strong revenue growth surpassing the industry average.
Full articleSummary: U.S. Treasury yields rose to a near four-week peak, pressuring equities, as doubts arose about Federal Reserve rate cuts. Crude oil reached a four-week high on speculation of OPEC+ maintaining production cuts. Regional stock markets were mostly lower, with mainland China being the exception.
Full articleSummary: The AI revolution is leading to a surge in power demand from data centers, with utilities stocks like Southern Co (NYSE:SO) benefiting from the trend.
Full articleSummary: Many consumers have reported being scammed through Zelle transactions, with banks facing challenges in refunding victims. Bank of America reimbursed a client after pressure from media outlets, highlighting issues with Zelle fraud and customer service.
Full articleSummary: Goldman Sachs analyst reinstated coverage on Broadcom with a buy rating and a 12-month price target of $1,325, citing expected growth in AI-related products, potential benefits from a cyclical recovery in the core semiconductor segment, and unrealized synergies from the VMware acquisition.
Full articleSummary: Costco offers discounts on prescription drugs and travel packages, making it a smart financial choice for retirees. The membership can help seniors save up to 80% on popular medications and offers significant savings on vacation packages.
Full articleSummary: Investors have bid up Chipotle Mexican Grill's stock to 67x earnings, but its valuation is considered a market anomaly due to the low earnings yield compared to government bond yields, making it look extremely overvalued. The company's growth is expected to slow down, and a potential re-rating of its P/E ratio could lead to a significant stock price drop.
Full articleSummary: Nvidia's stock continues to surge post-earnings, pushing its market cap to $2.8 trillion, while the broader market is struggling with rising Treasury yields. Salesforce faces pressure from potential M&A activities, as concerns arise from rumored acquisition talks with both Informatica and HubSpot. Eli Lilly's latest GLP-1 capacity expansion announcement doesn't seem to have impacted its stock performance much.
Full articleSummary: Jim Cramer believes in Nvidia but thinks the stock's rally may not continue due to insufficient fuel to keep it going. He reviewed bullish arguments from analysts but highlighted the potential risk of the stock coming down. The company's dominance in AI and potential free cash flow generation were mentioned, along with a 52-week target of $2,000, though Cramer questioned the feasibility of such a high valuation without impacting the broader market.
Full articleSummary: Boeing is facing a cash shortfall after suffering a $4 billion loss in the first quarter of 2024 due to ongoing safety issues and production slowdown, leading to a more than 30% drop in shares. The company has lost over $50 billion in market capitalization. Several whistleblowers, including John Barnett and Joshua Dean, have raised concerns about safety and quality issues at Boeing. The US Department of Justice has opened a case against Boeing for potential violation of settlement terms. Boeing executives have been accused of prioritizing dividends and share buybacks over safety investments, while seeking to cut wages and benefits for its workforce.
Full articleSummary: Broadcom's shares fell nearly 7% in early March despite better-than-expected quarterly results and revenue guidance for fiscal year 2024, primarily due to underwhelming performance in certain segments of its semiconductor business and concerns about its valuation.
Full articleSummary: Broadcom's stock moved lower after reporting solid Q1 earnings but maintaining guidance, disappointing investors despite strong revenue and earnings growth. CEO spoke of strong demand for AI products.
Full articleSummary: Chevron acquires Hess for $53 billion in a shareholder-approved deal, facing potential government approval challenges and growing resistance. Wall Street analysts have a Strong Buy consensus rating on Chevron's stock.
Full articleSummary: Nasdaq crossed 17,000 for the first time ever, boosted by Nvidia gains while S&P 500 closed barely higher and Dow ended lower as Treasury yields rose. Investors await US inflation data to influence Fed rate cut expectations. Retail sector will be in focus with several earnings reports like Dollar General, Advance Auto Parts and Best Buy.
Full articleSummary: Tesla Inc. has reached a settlement in a lawsuit over a 2016 crash involving a Model S passenger's death. This is the second time in two months the company has avoided a jury trial in California over a fatal wreck.
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