Summary: AI server demand is expected to continue to drive revenue growth for Nvidia.
Full articleSummary: Fed policymakers' comments on policy outlook will be scrutinized by investors this week. Markets see a waning probability of a Fed policy hold in September. Fed rate outlook could influence the US Dollar's performance against its major rivals.
Full articleSummary: Short term Elliott Wave analysis suggests a rally in Dow Futures (YM) is unfolding with 5 waves impulse structure. Expect a pullback in wave ((iv)) before resuming higher in wave ((v)).
Full articleSummary: Uber Eats has announced a new partnership with Costco, allowing customers to have Costco products delivered to their doorstep without needing a Costco membership. The service is now available in select locations across the United States, Canada, Mexico, and Japan.
Full articleSummary: Target (TGT) is set to report first-quarter earnings with estimated revenue of $24.13 billion and earnings of $2.05 per share. Analysts are divided on the stock, but the company has strategies in place to boost shopper traffic and profit, such as store upgrades, new store openings, a paid membership program, and price cuts on items.
Full articleSummary: Three Bridge Wealth Advisors LLC reduced its holdings in Alphabet Inc. by 5.0% during the fourth quarter, while many other institutional investors increased their stakes in the company. Insiders at Alphabet have been actively selling shares recently. Wall Street analysts have mostly given a positive outlook on GOOGL, with various price target upgrades and ratings indicating a strong buy sentiment.
Full articleSummary: Razer Blade 14, a top-tier gaming laptop with AMD Ryzen 9 6900HX CPU and Nvidia GeForce RTX 3080 Ti GPU, is currently available for $1910, down from $3500, providing a savings of $1600.
Full articleSummary: Incyte Corp. has received $14.8 million in taxpayer-backed grants to open new offices in downtown Wilmington. The company will buy and move into 541,000 square feet of office space in the city, contributing to the revitalization of Wilmington and creating new job opportunities in the area.
Full articleSummary: Mixed performance in stock market indices as investors react to corporate earnings and Fed officials' comments. Positive news for Eli Lilly and IBM, negative for Peloton and Toast. Palo Alto Networks issues weak outlook. Various currency and commodity movements noted.
Full articleSummary: Tesla provided an update on its electric semitruck project, confirming deliveries to customers by 2026. The Tesla Semi is on track for production with details on range and payload capacity shared at the Advanced Clean Transportation (ACT) Expo. Stock rose by 4.5% following the news.
Full articleSummary: Gold market remains stable as U.S. central bankers prioritize inflation concerns and show no rush to begin easing cycle, analysts believe holding gold is still favorable amidst economic uncertainty.
Full articleSummary: Ford Motor Co. recommends dealers halt investments in electric vehicles until completing a review of requirements in June, attributing slower-than-expected EV sales growth to affordability concerns and lack of charging access.
Full articleSummary: Vertiv (VRT) has outperformed Nvidia (NVDA) shares by ~300% since Nvidia's blowout Q1 results in May 2023. Vertiv is expected to benefit from the increasing power usage in US data centers for AI applications.
Full articleSummary: Eli Lilly and Novo Nordisk are competing in the race to develop once-weekly insulin injections, with Eli Lilly's efsitora showing competitive but slightly inferior results compared to Novo Nordisk's icodec. TD Cowen analyst Steve Scala noted Eli Lilly is behind by one-to-two years in the development.
Full articleSummary: LG and Meta's rumored breakup regarding their VR partnership has cast doubt on the future of their collaboration. Reports suggest delays and disagreements between the companies, leading to uncertainties about the release of LG OLED Meta Quest.
Full articleSummary: Wood Plc is utilizing digitalization and robotics technology for emissions detection in oil and gas projects, leading to improved efficiency and cost savings. The company's Iris Edge technology, in partnership with Xplorobot, allows for precise localization and quantification of methane leaks down to the flange level, aiding in maintenance and compliance efforts.
Full articleSummary: Asymchem Laboratories (Stock Code 002821.SZ/6821.HK) secures former Pfizer U.K. development and API pilot plant facilities in Sandwich, Kent, marking its first manufacturing footprint in Europe. The site is expected to employ around 100 individuals by the end of 2024 and will offer services for pharma development and supply to global clients.
Full articleSummary: PepsiCo is investing over 200 million euros to increase production at its Belgian plant in Veurne, creating 150 additional jobs and aiming to boost production by a third in the coming years.
Full articleSummary: Eli Lilly partners with Aktis Oncology to develop radiopharmaceuticals for cancer, paying $60 million upfront and up to $1.1 billion more based on milestones. Aktis to handle discovery-stage work with Lilly taking over clinical development from Phase 1 on. Aktis retains full rights to current pipeline.
Full articleSummary: NVIDIA released the R555 Linux driver beta, including Wayland explicit sync support and other important improvements.
Full articleSummary: Asymchem Laboratories will operate the former Pfizer U.K. small molecule API pilot plant and development labs through a new lease agreement at Discovery Park, marking its first manufacturing footprint in Europe. The site is expected to employ around 100 individuals by the end of 2024 and will focus on clinical small molecule development and manufacturing, including capabilities for peptides and oligonucleotides.
Full articleSummary: Emerson Radio Corp.'s stock price crossed above its two hundred day moving average, traded at $0.53 with low volume. Stock has a sell rating from StockNews.com. Company reported negative earnings last quarter.
Full articleSummary: Bargersville, Indiana, is leading the electric vehicle revolution by replacing gas-guzzling police cruisers with Tesla cars, saving significant money on fuel costs and proving the efficiency of electric vehicles.
Full articleSummary: Janney Montgomery Scott LLC lowered its stake in Bank of New York Mellon by 2.3% during the fourth quarter. Other large investors also adjusted their positions. Wall Street analysts have mostly rated the stock as a buy. Insiders have been active in selling shares. Bank of New York Mellon's stock price decreased by 0.9%.
Full articleSummary: Google announced that it will be testing the inclusion of Search and Shopping ads within the AI Overviews boxes, potentially resulting in enhanced ads but also reducing click-throughs to a brand's website.
Full articleSummary: Comcast introduces new streaming bundle 'StreamSaver', including Netflix Standard with ads, Peacock Premium, and Apple TV+ for Xfinity customers in the US starting from May 29th.
Full articleSummary: Google has announced plans to test search and shopping ads in its AI-generated search summaries, a move that could further solidify its dominance in search advertising. This new ad format will be included in its AI Overviews alongside automatic answers to user queries, although the extent and speed of ad integration remains unclear.
Full article