Summary: US stocks tilted higher on Monday, with Nasdaq Composite reaching a record close led by Nvidia shares ahead of its earnings. S&P 500 registered a modest increase, while the Dow Jones fell slightly due to JPMorgan's drop. Investors are optimistic about potential Fed rate cuts and Nvidia's quarterly results.
Full articleSummary: Coca-Cola stock (NYSE: KO) is favored over Costco stock (NASDAQ: COST) due to its higher valuation multiple and superior profitability, with an expectation of higher returns in the next three years.
Full articleSummary: Intel is previewing its new Lunar Lake CPUs, featuring an NPU capable of over 45 TOPS and significant AI power across the chip. The processors are also claimed to have improved graphics and battery life as well as a radical low-power architecture. Intel's upcoming keynote at Computex 2024 will reveal more details.
Full articleSummary: BlackRock is facing a lawsuit from a former employee who alleges self-dealing and illegal investments, while the company denies the accusations and attributes the employee's dismissal to poor performance and unprofessional conduct. The lawsuit seeks millions in damages. The allegations involve a project called Trend Spotter developed by the employee within BlackRock.
Full articleSummary: Mastercard and Salesforce have partnered to streamline transaction disputes, benefiting both companies. The integration of Salesforce’s Financial Services Cloud with Mastercard’s dispute resolution services aims to speed up dispute resolution and reduce costs. Mastercard's wealth of data and use of AI technology uniquely positions it to detect fraud and handle disputes effectively.
Full articleSummary: Microsoft is launching its new 'Copilot+' PC initiative requiring specific hardware like 16GB RAM, 256GB storage, and a neural processing unit with 40 TOPS performance. Intel and AMD's current chips don't meet this requirement, while Qualcomm's Snapdragon X Elite and X Plus do. NPUs will power features like Microsoft's 'Recall', processing data locally for security and privacy.
Full articleSummary: Pristine Surgical appointed Medtronic's former SVP of corporate development, Christopher Cleary, to its board. Cleary's extensive experience in corporate development and healthcare sector is expected to enhance strategic initiatives and drive growth and innovation at Pristine Surgical.
Full articleSummary: Fool.com compared AMD with Intel to determine the better investment, mentioning that Intel was not one of the 10 best stocks identified by The Motley Fool Stock Advisor team. Stock Advisor service has outperformed the S&P 500 since 2002.
Full articleSummary: Calpers, the California pension board, opposes Exxon Mobil during board of directors vote sparked by Exxon's actions against investors focused on climate-related issues. Exxon was also ordered by courts to pay $725.5 million due to benzene exposure negligence.
Full articleSummary: Apple has started offering heavy discounts on its iPhones in China to combat increasing competition from local tech companies like Huawei. The discounts are up to 2,300 yuan on select models and the sale lasts until May 28. Despite facing cooling sales, Apple's CEO Tim Cook mentioned growth in iPhone sales in China during the last quarter.
Full articleSummary: Zacks Premium offers various tools for investing and becoming a smarter investor. It includes Style Scores that rate stocks based on value, growth, and momentum characteristics. Costco (COST) is highlighted as a stock to watch with a VGM Score of A and top-tier Growth and VGM Style Scores.
Full articleSummary: Jolla has unveiled the Jolla Mind2, a personal server-based AI assistant aimed at integrating into software for productivity-focused use cases. The device is set to ship later this year in Europe, with preorders open in June. The AI agents residing in the Jolla Mind2 are designed for various tasks such as managing emails, contacts, documents, and health tracking.
Full articleSummary: Amgen Inc and AstraZeneca Plc announced the results of the Phase 2a COURSE trial of Tezspire for severe chronic obstructive pulmonary disease (COPD) with positive outcomes in reducing exacerbations and improving lung function and quality of life.
Full articleSummary: Eli Lilly and Co (NYSE:LLY) has outperformed the market over the past 5 years by 32.88% on an annualized basis, with an average annual return of 46.32%. Buying $100 in LLY 5 years ago would now be worth $670.53. This highlights the power of compounded returns in cash growth.
Full articleSummary: Microsoft unveils new lineup of AI-focused PCs, showcasing advanced features like Recall tool and outperforming Apple's M3 MacBook Airs in performance and battery life. Key feature includes neural processing unit (NPU) enabling AI-heavy tasks.
Full articleSummary: Kroger Co (NYSE:KR) is in the process of a $25 billion acquisition of Albertsons, has shown consistent dividend growth, strong sales growth and earnings, plans to expand its physical stores, and is considered undervalued by analysts.
Full articleSummary: King Wealth Management Group increased its position in Alphabet Inc. by 5.0% during the 4th quarter, and other hedge funds also made changes to their positions in the company. Insiders at Alphabet have been actively selling shares recently. Several analysts have provided positive ratings and price target increases for GOOGL stock.
Full articleSummary: Saratoga Research & Investment Management reduced its stake in Medtronic plc by 2.9% during the fourth quarter. Insiders have been selling shares of Medtronic. Wall Street analysts have forecasted growth for Medtronic.
Full articleSummary: Microsoft introduced Copilot+ PCs, a new category of Windows PCs designed for AI, featuring powerful new silicon, all-day battery life, and access to advanced AI models. Pre-orders start today with availability from June 18, starting at $999.
Full articleSummary: Cisco Systems Inc. (CSCO) will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024.
Full articleSummary: Google criticizes Microsoft's security measures and recommends businesses to switch to Gmail and Google Drive citing recent breaches, Google promotes its Workspace as a more secure alternative, Google offers discounts for Workspace Enterprise Plus plan to attract Microsoft customers
Full articleSummary: Target announces price cuts on 5,000 frequently bought items to stay competitive amidst consumers experiencing price fatigue. This move is aimed at helping consumers save more by reducing prices on grocery staples, paper towels, and diapers.
Full articleSummary: Microsoft is launching new computers with advanced chips designed to run AI features without quickly depleting battery life. Other major computer makers are also introducing AI-ready PCs powered by Qualcomm chips. The company is expanding its AI capabilities to include features like a Recall function and Copilot+ chatbot.
Full articleSummary: Microsoft is launching new computers with advanced chips designed to run AI features of software for Windows without quickly using up battery life. The company is touting its Copilot+ standard feature that includes translating audio, suggesting responses, and generating images based on descriptions. Microsoft is banking on Qualcomm's energy-efficient chips to compete with Apple's Arm-based chips in the PC market.
Full articleSummary: Alphabet's Google is expanding its Android offerings with Material 3 redesign for its Google Password Manager app, new notifications feature in Google Contacts, location-sharing hub, enhanced YouTube interface for Android TV, and Automatically add linked passes feature to Google Wallet on Android. The company's growing Android efforts are expected to aid its Google Services segment and overall financial performance.
Full articleSummary: IBM had a conference call at JPMorgan Global Technology, Media and Communications Conference where their CFO discussed the solid execution in the first quarter, highlighted strong growth in software led by Red Hat, reiterated full-year guidance, and discussed the positive outlook on hybrid cloud and AI. The CFO also talked about the dynamic macro environment and the company's focus on attracting and retaining talent. Additionally, the CFO discussed the strategic acquisitions like HashiCorp and partnerships with Palo Alto, emphasizing the company's commitment to hybrid cloud and AI.
Full articleSummary: Robbins LLP urges Intel Corporation (INTC) stockholders with large losses to contact the firm for information about their rights. The complaint alleges that Intel misrepresented its business prospects, leading to a significant drop in stock price.
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