Summary: Edgar Lomax Co. VA reduced its stake in Texas Instruments by 4.1% during the 4th quarter. Several other institutional investors and hedge funds have also bought and sold shares of the stock. Insiders have recently sold shares of Texas Instruments. Texas Instruments last announced its quarterly earnings with revenue exceeding analysts' expectations. The company also declared a quarterly dividend.
Full articleSummary: A Tesla shareholder group is urging shareholders to vote against Elon Musk's $46 billion pay package, stating the board is dysfunctional and overly beholden to Musk. Delaware Court of Chancery ruled the pay plan unfair, nullifying it in January 2024. The letter opposing the pay package cited Tesla's underperformance and distractions caused by Musk's other projects as reasons to vote against it.
Full articleSummary: Google is bringing back the 'group speaker volume' feature to its Google Home/Nest Audio speakers after losing a patent case brought by Sonos. This feature allows several speakers to play music throughout the house at the same volume, effectively syncing audio delay.
Full articleSummary: Microsoft showcases new Surface devices with improved features such as OLED display, haptic feedback touchpad, and AI capabilities. The devices are smaller in size, have longer battery life, and are powered by the fastest NPUs, as per the Surface team at Microsoft Build 2024.
Full articleSummary: Lowe's (LOW) reported better-than-expected first quarter earnings but shares are trading lower due to a pullback in the do-it-yourself segment by cautious consumers. The company is focusing on initiatives like investing in the DIY Loyalty program and expanding same-day delivery to counteract the decline.
Full articleSummary: Fast-food chains like Wendy's and McDonald's are offering lower-priced combo deals to attract customers amid declining sales caused by more people eating at home due to economic concerns.
Full articleSummary: PepsiCo received a consensus recommendation of "Moderate Buy" from eleven analysts with $187.58 as the average twelve-month price objective. Recent analyst actions include price target upgrades, changes in ratings from buy to hold, and an increase in dividend. CEO sold shares in May.
Full articleSummary: Caterpillar Inc. has agreed to pay $800,000 in back wages and interest and offer jobs to 34 Black applicants after a federal investigation revealed hiring discrimination at the Decatur factory. The agreement includes ensuring non-discriminatory hiring policies and providing training to all managers involved in hiring decisions.
Full articleSummary: Comcast unveils a new streaming bundle called Xfinity StreamSaver including Apple TV+, Netflix, and Peacock Premium for $15 a month exclusively for Comcast subscribers, potentially saving consumers $95 a year. This move follows similar bundling efforts by Warner Bros. Discovery Inc. offering Max, Disney+, and Hulu.
Full articleSummary: Davis R M Inc. reduced its position in Intuit Inc. by 6.2% during the 4th quarter, with the stock being its 8th biggest holding. Several other institutional investors also adjusted their stakes in the company. Intuit's stock price traded down 0.3% on NASDAQ:INTU during mid-day trading on Tuesday.
Full articleSummary: Microsoft's announcement of Copilot+ PCs with new AI features in Windows 11 requires processor with a Neural Processing Unit (NPU) capable of hitting 40 TOPS, only Qualcomm's upcoming Snapdragon X series meets this requirement for now. Microsoft showcased four exclusive AI features, out of which only Recall offers a unique capability with privacy implications. Recall allows users to take and search screenshots of their desktop activity.
Full articleSummary: PayPal Holdings, Inc. (PYPL) has earned a consensus rating of "Hold" from thirty-five brokerages, with twenty-two analysts rating it as a hold and thirteen as a buy. The average twelve-month target price is $72.73. Several analysts have provided ratings and target price updates. Institutional inflows and outflows have been reported for the stock, and insider transactions were disclosed, with a significant sale by SVP Frank Keller. The stock price of PayPal is currently trading down 1.0%.
Full articleSummary: Costco (NASDAQ: COST) has seen its shares soar 220% in the past five years, becoming a top retail enterprise. Despite having fantastic financial results, including net sales of $238 billion in fiscal 2023, it is unlikely for Costco to reach a trillion-dollar stock value by 2030 due to concerns over slowing growth and high valuation.
Full articleSummary: Angie Storozynski from Seaport Global maintained a Sell rating on Nextera Energy Partners with a price target of $15.00. The analyst consensus on Nextera Energy Partners is a Hold with an average price target of $31.50. The company has a one-year high of $57.50 and a one-year low of $18.45.
Full articleSummary: Associated Banc Corp reduced its position in shares of Honeywell International Inc. by 18.5% during the fourth quarter. Analysts have mixed ratings on the stock, with some raising price targets and ratings while others cutting price targets.
Full articleSummary: French AI startup H has raised $220 million in initial financing from billionaires and venture capitalists to develop next-gen AI tools. The company aims to achieve 'full-AGI' and has recruited 25 AI engineers and scientists for its team.
Full articleSummary: DayDayCook received a notice from NYSE Regulation stating that it is not in compliance with the timely filing criteria, leading to the possibility of suspension and delisting procedures. Despite efforts to file the required documents, there is uncertainty regarding regaining compliance with the listing standards.
Full articleSummary: Microsoft partners with Khan Academy to provide a generative AI assistant to all teachers in the U.S., and they are also planning to offer AI-powered math tutoring to students through a new open-source small language model.
Full articleSummary: Caterpillar Inc. has agreed to pay $800,000 in back wages and interest and offer jobs to 34 Black applicants after a federal investigation revealed they were denied employment opportunities due to racial discrimination at the firm’s Decatur factory. The company also agreed to ensure non-discriminatory hiring policies and provide training to prevent such incidents in the future.
Full articleSummary: Franklin Resources Inc. increased its stake in Bristol-Myers Squibb by 36.7% in the 4th quarter, owning 9,357,199 shares worth $480,118,000. Several other institutional investors also bought stakes in the company. Analysts have mixed ratings on the stock, with a consensus target price of $60.00. Bristol-Myers Squibb reported a quarterly earnings beat on April 25th, with negative net margin but positive return on equity.
Full articleSummary: Starbucks (NASDAQ:SBUX) faces significant near-term headwinds impacting Q2 results, leading to possible downside risks, with concerns about competitive edge and consumer behavior. Management is implementing short-term corrective actions and focusing on long-term strategic plan 'Triple Shot Reinvention'. Stock is down -18% YTD, prompting discussions among investors about a buying opportunity, but some factors may hinder a re-rating.
Full articleSummary: McDonald's is offering customers a free 6-piece Chicken McNugget on Wednesday, May 22, without requiring any additional purchase. The deal is available through the McDonald's app at participating U.S. restaurants. Other fast-food chains like Wendy's and Buffalo Wild Wings are also introducing chicken nugget promotions to attract customers.
Full articleSummary: Caterpillar Inc. has agreed to pay $800,000 in back wages and interest and offer jobs to 34 Black applicants after a federal investigation found racial discrimination in employment opportunities at the Decatur factory. The company also agreed to ensure non-discriminatory hiring policies and provide training to relevant officials. The Department of Labor enforces Executive Order 11246 to prevent employment discrimination by federal contractors based on various factors.
Full articleSummary: McDonald's is offering a one-day promotion for free six-piece McNuggets and planning to introduce a $5 meal deal in the U.S. next month.
Full articleSummary: NVIDIA is expected to announce a stock split due to potential share price increase, strong earnings performance, and past history of stock splits.
Full articleSummary: AMD's shares are outperforming due to strong data center revenues and expanding partner base, PepsiCo is benefiting from strength in core categories and robust consumer demand trends, SAP's performance is driven by strengthening cloud business and focus on vital strategic growth areas. FitLife Brands has seen strong revenue growth following acquisitions, while National Presto maintains a strong financial position with diversified revenue streams.
Full articleSummary: John Deere to lay off 192 production employees in Waterloo, totaling 500 layoffs since April.
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