Summary: Cisco Systems Inc. successfully defended against a legal challenge to BlackRock Inc. target date funds in its employees' 401(k) plan.
Full articleSummary: Cisco Systems Inc. defeated a challenge to BlackRock Inc. target date funds in its employees' 401(k) plan as a federal judge dismissed the proposed class action for the second time.
Full articleSummary: Clearbridge Investments LLC reduced its holding in ConocoPhillips by 10.8% during the 4th quarter. Several other hedge funds also adjusted their positions. ConocoPhillips stock traded down 0.8% on Monday. The company announced a quarterly dividend and various analysts have provided ratings and target prices for the stock.
Full articleSummary: Chevron Co. (CVX) experienced a 0.3% decline in share price on Monday, with trading volume dropping significantly below the average. Several analysts have raised their target prices and provided positive ratings for the stock. Chevron recently reported earnings that exceeded expectations and announced a quarterly dividend payment. Insider selling activity has been observed, and various hedge funds have adjusted their stakes in the company.
Full articleSummary: Intuit Inc. stock reaches 52-week high after UBS Group raises price target and multiple research analysts issue positive reports. Insiders and hedge funds show interest in INTU shares. Company reports strong earnings results and announces dividend payout.
Full articleSummary: General Electric's stock price was up 0.1% during trading on Monday. Analysts have set new price targets, with a consensus rating of 'Moderate Buy' and an average target price of $174.21. The company recently increased its dividend from $0.08 to $0.28, representing a positive change.
Full articleSummary: PayPal Holdings, Inc. (NASDAQ:PYPL) was up 0.2% during trading on Monday and trading up 0.7% overall. Wall Street analysts forecast growth for the company. The company recently reported quarterly earnings data that missed analysts' consensus estimates.
Full articleSummary: Starbucks Co. (NASDAQ:SBUX) shares rose 0.4% on Monday with a decline in trading volume compared to the average. The company saw various analyst upgrades and downgrades with a consensus rating of 'Hold' and a consensus price target of $96.43. Quarterly earnings data showed a miss on the consensus estimate, and the company announced a quarterly dividend.
Full articleSummary: Shares of The Home Depot, Inc. traded down 1.2% during trading on Monday with a decline in trading volume. Wall Street analysts have varying opinions on the stock, ranging from buy to sell ratings. The company recently reported quarterly earnings that beat consensus estimates.
Full articleSummary: Eric Fry believes in the potential of a specific AI stock to provide significant gains comparable to Nvidia.
Full articleSummary: Honeywell partners with Enel North America to enhance building automation and demand response solutions for commercial and industrial organizations by leveraging automation to control and regulate energy loads, aiming to stabilize power grids.
Full articleSummary: Exxon Mobil faces backlash for pursuing lawsuit against shareholders even after they withdrew the proposal, leading to CalPERS deciding to vote against all 12 board members including CEO Darren Woods. The lawsuit against activist investors is criticized for stifling shareholder democracy and could have significant repercussions.
Full articleSummary: Warehouse club retail giant Costco continues to experience parabolic gains, reaching all-time highs, poised to benefit from consumer demand for deals and treasure-hunt experience. Analysts remain bullish on COST stock leading up to earnings, with an average price target of $793.73.
Full articleSummary: Brandes Investment Partners LP increased its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 12.7% during the fourth quarter, holding 1,752,716 shares worth $91,229,000. Several institutional investors have also made significant changes to their positions in the company. Various analyst reports have been positive about Bank of New York Mellon, with target price upgrades and buy ratings. The stock traded down 0.9% on Monday to $58.95.
Full articleSummary: Berkshire Hathaway B (BRK.B) has been among the most searched stocks on Zacks.com. With positive returns over the past month and expectations of earnings growth, the company is facing a Zacks Rank #4 (Sell) rating, suggesting underperformance in the near term.
Full articleSummary: Trexquant Investment LP significantly increased its stake in Colgate-Palmolive by 129.4% in the fourth quarter. Several other institutional investors also adjusted their holdings of CL. Wall Street analysts have largely positive ratings on CL shares. Colgate-Palmolive stock traded up and the company recently announced an increase in its dividend.
Full articleSummary: Motco reduced its holdings in Bristol-Myers Squibb by 19.4% in the 4th quarter, while other hedge funds made modifications to their holdings. Bristol-Myers Squibb also announced a quarterly dividend. Equities analysts have mixed opinions on the stock, with an average rating of 'Hold' and an average price target of $60.00.
Full articleSummary: China's Ministry of Commerce announced sanctions against Boeing and two other defense companies for arms sales to Taiwan, placing them on an "unreliable entities" list. This is the latest move in a series of sanctions against defense companies for weapons sales to Taiwan.
Full articleSummary: Texas Instruments stock hit a new 52-week high after Barclays raised their price target on the stock to $190.00 with an equal weight rating. Several other research firms also increased their target prices and ratings on the stock. Director Robert E. Sanchez and other insiders have recently sold significant amounts of company stock. Institutional investors have made changes to their positions in the business. The company recently announced a quarterly dividend of $1.30 per share.
Full articleSummary: Oracle Health's market share decreased from 25% in 2021 to 23.4% in 2023, as reported by KLAS. The company experienced its largest net hospital loss in 2023 due to the departure of several large multispecialty organizations. Despite a decline in market share among small standalone hospitals, Oracle Health secured the most specialty hospital wins from 2017 to 2023.
Full articleSummary: Atlantic Coca-Cola Bottling Company has acquired Trenton Coca-Cola Bottling Company, integrating all employees and planning to re-brand the company. The acquisition will expand Atlantic's territories and create significant growth opportunities.
Full articleSummary: Bank of America Securities analyst Kevin Fischbeck maintained a Buy rating on UnitedHealth with a price target consensus of $556.94. The company has a strong buy analyst consensus, with a one-year high of $552.52 and a one-year low of $436.38.
Full articleSummary: Google claims that businesses should switch from Microsoft's systems to Gmail and Google Drive due to security concerns highlighted in a white paper. Google points out multiple security flaws in Microsoft's approach and promotes Workspace as a safer alternative.
Full articleSummary: Jamie Dimon indicates he may step down as CEO of JPMorgan Chase within less than five years, prompting concerns about succession planning. Potential candidates for CEO position already identified.
Full articleSummary: Elon Musk threatens to withhold AI and robotic products from Tesla shareholders unless he receives 25% control over the company, among other conditions. Musk's ultimatum emphasizes the importance of AI and robotics for Tesla's success.
Full articleSummary: Coca-Cola Consolidated is the largest Coca-Cola bottler in the US with a broad portfolio of beverages and services. They are deeply committed to consumers, customers, and communities they serve.
Full articleSummary: Analyst Elizabelle Pang from DBS maintained a Buy rating on NextEra Energy (NEE – Research Report) and increased the price target to $90.00 from $75.00. NextEra Energy's unique positioning as the largest utility and renewable energy company in America, along with strong prospects for growth and robust financial performance, support the Buy rating. Recent earnings have exceeded expectations, contributing to an optimistic outlook fueled by stable growth in utility demand, aggressive expansion into renewables, operational excellence, and a strong project backlog. Wells Fargo also assigned a Buy rating to the stock with a $95.00 price target.
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