Summary: Dow Jones Futures experienced a significant sell-off, moving out of the upper trendline boundary of the long-term channel. Traders advised to watch for consolidation or further breakdown below current levels.
Full articleSummary: Simply Wall St provides an analysis of Bristol-Myers Squibb Company (NYSE:BMY) using the Discounted Cash Flow (DCF) model to estimate its intrinsic value. The DCF calculation suggests that the company is undervalued at a 38% discount to the current share price.
Full articleSummary: Lowe's (LOW) stock has been one of the most searched-for stocks on Zacks.com lately. Despite a recent -5.5% return, Zacks Rank #3 (Hold) suggests it may perform in line with the broader market. Earnings estimates have mixed changes with the next fiscal year expecting a +10% growth. Valuation metrics indicate that Lowe's is trading at a discount to its peers.
Full articleSummary: U.S. Bank launches new campaign 'The Power of Us' under CMO Michael Lacorazza, highlighting the connection between clients, employees, and products.
Full articleSummary: PayPal announced the availability of its PYUSD stablecoin on the Solana blockchain after launching on Ethereum last year. Paxos Trust, which is regulated by NYDFS, issued the stablecoin. Solana offers lower transaction fees and higher TPS compared to Ethereum but has had outages. PayPal may take the stablecoin issuance and custody in-house as it was awarded a NYDFS trust charter.
Full articleSummary: Deep-pocketed investors have taken a bullish approach towards Starbucks, with notable options activities suggesting a significant move is impending. Heavyweight investors are divided with 52% bullish and 39% bearish sentiments, eyeing a price window of $75.0 to $90.0 for Starbucks. Professional analyst ratings project an average target price of $87.2 for SBUX.
Full articleSummary: Cisco and AT&T announced a new hassle-free digital buying experience for Cisco's newest FWA devices, making it faster and easier for businesses to take advantage of 5G FWA. The integrated digital purchasing experience of AT&T's wireless WAN service and instant-on provisioning from AT&T can help businesses increase efficiency, scalability, and accelerate provisioning of full-stack Cisco networks.
Full articleSummary: PayPal officially deployed its fiat-backed stablecoin PYUSD on the blockchain for faster and cheaper transactions. The integration with Solana allows users to choose between blockchains, and PYUSD is now available for purchase on platforms like Crypto.com and Phantom. Solana's high throughput and scalability make it ideal for new payment solutions.
Full articleSummary: Hess shareholders have voted in favor of merging with Chevron.
Full articleSummary: Argus upgraded Berkshire Hathaway to buy from hold, setting a target price of $450. The stock is trading at a discounted valuation compared to S & P 500 multiples. Berkshire's strong historical performance and solid financial position were highlighted by the analyst.
Full articleSummary: Comcast (CMCSA) has been included in Zacks.com's list of most searched stocks. Zacks rank the stock as #3 (Hold) based on earnings estimate revisions and valuation metrics, suggesting it may perform in line with the broader market.
Full articleSummary: The New York Stock Exchange, owned by Intercontinental Exchange, Inc., is partnering with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index, creating new investment opportunities in the digital asset space.
Full articleSummary: Comcast has been approved to become a broadband provider in Borough of Dunellen by 2026, offering fiber to the home for high-speed internet, digital video, and more. This will create healthy competition and provide residents with more choices.
Full articleSummary: Walmart has severed ties with Capital One due to processing delays and has not named a successor yet. Capital One will retain the credit card accounts worth $8.5 billion.
Full articleSummary: Nvidia is reportedly downsizing its flagship GPU to a dual-slot and dual-fan setup for the upcoming Blackwell series, marking a significant change from the trend towards larger GPUs. The new GPU may feature three printed circuit boards and utilize a TSMC 4nm node for efficiency.
Full articleSummary: U.S. Bank launched a new campaign titled 'The Power of Us', highlighting the connection between clients, employees, and products. The campaign showcases real stories of achievements like putting a kid through college or reaching retirement, with versions in English and Spanish featuring actor Jake Gyllenhaal.
Full articleSummary: Strike at ExxonMobil's Gravenchon petrochemical complex to halt on Thursday with an agreement in principle reached regarding job cuts and site closure
Full articleSummary: Home Depot will pay more than $1.3 million to resolve fire code violations contributing to a store burning down after an arson, and will provide funds for fire prevention and outreach programs.
Full articleSummary: Bank OZK's shares drop 14.5% after Citigroup downgrades the stock to 'sell' from 'buy' due to concerns with its projects and life science construction lending, affecting other regional banks in a weak market.
Full articleSummary: Shares of Bristol-Myers Squibb (NYSE:BMY) dropped 0.8% on Tuesday following a decline in trading volume. The company recently reported quarterly earnings with higher revenue than analyst estimates. Hedge funds have shown interest in the stock with recent transactions.
Full articleSummary: Regional lender Bank OZK drops 14.5% due to concerns with projects and life science construction lending, leading to downgrades by Citigroup. Other regional lenders also fall in a weak market. Brokerages have mixed ratings on OZK with median PT at $49.50.
Full articleSummary: Hess Corp shareholders approved the $53 billion merger with Chevron, despite ongoing FTC review and arbitration claim by Exxon Mobil and CNOOC. The outcome is positive for both companies as it opens opportunities in oil-rich Guyana.
Full articleSummary: Meta Platforms, the parent company of Facebook and Instagram, has taken measures to mitigate the spread of disinformation ahead of the crucial EU elections in June, including deploying new functionalities and safety features on its platforms.
Full articleSummary: McKinsey and Microsoft collaborate to leverage generative AI (gen AI) agents in enterprise operations, with potential annual economic benefits of $2.6 trillion to 4.4 trillion and automation of up to 70% of work hours in today's global economy. This alliance aims to transform organizations through the integration of gen AI technologies and business activities.
Full articleSummary: Kraft Heinz Canada and Highbury Canco extend their partnership agreement in Leamington for another four years, totaling to $1 billion in products over the next four years.
Full articleSummary: Global Home Healthcare Software Market is projected to grow at a good pace during the forecast period of 2024-2030, with a CAGR of 8.9%. The market is segmented into various categories including type, component, delivery mode, end user, and geography. Major players in the market include McKesson Corporation, Allscripts Healthcare Solutions, Philips Healthcare, and others.
Full articleSummary: Caterpillar Inc. has received a consensus recommendation of 'Hold' from analysts, with one sell, ten hold, and seven buy recommendations. The average 12-month target price is $323.35. Insider activities include an insider selling shares at $356.90 and a director buying shares at $337.39. Additionally, multiple institutional investors have recently traded shares of the company. CAT recently reported earnings per share of $5.60 for the quarter, beating estimates.
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