Summary: The ACES Elite Classic featuring top high school basketball players is partnering with brands like Nike, Jordan Brand, and Google Pixel to offer players business opportunities, helping to drive the growth of women's basketball. Sheryl Swoopes, a basketball legend and Nike athlete, is actively involved in the event, aiming to provide young players with opportunities and access to competition. Deloitte predicts that revenue from women's elite sports will surpass $1 billion for the first time this year.
Full articleSummary: Intel announced Lunar Lake chips, with 1.4x more AI performance than Qualcomm Snapdragon X Elite chips, plus gains in battery life and power efficiency. The company also shared details about its upcoming Arrow Lake processors for AI-infused desktop PCs.
Full articleSummary: Research analysts at Zacks Research decreased their FY2024 earnings estimates for Honeywell International, other equities analysts have issued reports on the stock, and large institutional investors have recently traded shares of the company.
Full articleSummary: Thoroughbred Financial Services LLC increased its position in shares of Booking Holdings Inc. by 78.3% in the fourth quarter, worth $2,738,000. A number of other institutional investors and hedge funds have also added to their stakes in BKNG. CEO Glenn D. Fogel recently sold shares of the company's stock. Analysts have given varied ratings for BKNG, with some lifting their price targets.
Full articleSummary: Medtronic revealed new data from the SMART Trial showing that the Evolut self-expanding valve (SEV) was associated with significantly less bioprosthetic valve dysfunction and improved quality of life for women with severe aortic stenosis. The trial, primarily focused on enrolling women, compared SEV to BEV for TAVR.
Full articleSummary: Microsoft announced new Surface Laptop and Surface Pro devices with Qualcomm's new Snapdragon X chips, highlighting impressive features such as long battery life, improved performance, enhanced camera capabilities, and AI-powered tools.
Full articleSummary: Nvidia is set to release its fiscal first-quarter results with analysts expecting a significant year-over-year growth in both earnings and sales. The company has been consolidating near its all-time high and has received price-target hikes from several Wall Street firms.
Full articleSummary: CrowdStrike (CRWD) partners with Google Cloud in AI-native cybersecurity, outshining and outperforming Palo Alto Networks (PANW) across various criteria. Demand for CRWD stock is strong as it heads towards a breakout, building a second-stage cup pattern.
Full articleSummary: Former CVS MinuteClinic nurse practitioner, Robyn Strader, reached a settlement with CVS Health Corporation and MinuteClinic, L.L.C. in a religious discrimination lawsuit over her request for a religious accommodation regarding contraceptive medication.
Full articleSummary: Medtronic is expected to report its fiscal 2024 fourth-quarter results with revenues and earnings meeting street estimates, stock is projected to trade sideways post-announcement, company may continue to benefit from increased procedures volume and expansion of new products.
Full articleSummary: AstraZeneca (AZN) has been ordered to pay Pfizer (PFE) $107.5 million in damages for infringing on Pfizer's patent rights with its lung cancer drug Tagrisso. Despite the setback, AstraZeneca denies infringing on the patents and plans to vigorously defend its rights. A separate bench trial in June is expected to address some of AstraZeneca's remaining defenses, potentially impacting the outcome of the jury's decision.
Full articleSummary: The article discusses the increasing focus on AI in HPC environments, with key players such as Intel, AMD, and Nvidia highlighting their latest products for AI workloads. HPE is expanding its offerings with the launch of the Cray Storage Systems C500, which targets classic HPC environments and departments running modeling and simulation workloads.
Full articleSummary: Lowe's Companies Inc (LOW) is set to report first-quarter financial results with analysts expecting lower revenue and earnings per share compared to last year. Analysts are watching for increasing demand in outdoor patio items and foot traffic, as well as a recent partnership with DoorDash. Lowe's stock is currently up year-to-date.
Full articleSummary: UnitedHealth Group has solid growth projections for 2024, while Danaher is seeing support from its Life Sciences unit. Abbott Laboratories is generating new growth prospects with its pipeline, but Ark Restaurants is facing challenges with rising operational costs.
Full articleSummary: The PGA Tour moves to Texas for the Charles Schwab Challenge at Colonial Country Club in Fort Worth. Some notable golfers in the field include Scottie Scheffler, Tony Finau, Sungjae Im, Collin Morikawa, Jordan Spieth, and Justin Rose. Key stats to watch for are Strokes Gained: Approach, Strokes Gained: Off The Tee, Strokes Gained: Total in Texas, Course History, and Strokes Gained: Putting (Bentgrass). Model rankings favor Scottie Scheffler, Chris Kirk, and Tony Finau as potential top performers.
Full articleSummary: Federal Realty Investment Trust (FRT) reported strong Q4 2021 results with FFO per share of $1.47 beating the consensus estimate of $1.41. Revenues of $254.2 million exceeded expectations, and the company raised its 2022 FFO guidance. FRT also reported high leasing momentum and collected 97% of total Q4 2021 billed recurring rents.
Full articleSummary: New York Community Bancorp. is selling approximately $5 billion in mortgage warehouse loans to JPMorgan Chase Bank to improve its capital, liquidity, and loan-to-deposit metrics. The transaction is expected to add 65 basis points to the Common Equity Tier 1 ratio.
Full articleSummary: Wall Street has high expectations for Nvidia's earnings, anticipating it will beat EPS and revenue consensus expectations. The stock's reaction is uncertain due to factors like meme stock trades, low volatility, and AI adoption rate. The outcome is expected to impact the S&P 500.
Full articleSummary: ExxonMobil in partnership with Pertamina embarks on a carbon capture and storage project in Indonesia, while continuing oil exploration in Angola. Zacks ranks ExxonMobil as Hold and suggests SM, EC, and MPC as Strong Buy stocks in the energy sector.
Full articleSummary: Assetmark Inc. reduced its holdings in Amgen Inc. by 1.3% in the 4th quarter, selling 3,608 shares, bringing down its ownership to 273,398 shares valued at $78,744,000. Other hedge funds also made changes to their positions in the company during the same period. Amgen Inc. performance showed its stock trading up by $2.07 on Monday, reaching $314.54 with a significant trading volume. The company last announced quarterly earnings that surpassed estimates and also declared a quarterly dividend of $2.25 per share.
Full articleSummary: The Motley Fool has positions in and recommends Advanced Micro Devices and recommends Intel. Parkev Tatevosian, CFA has no position in any of the mentioned stocks.
Full articleSummary: Intel announced that its upcoming Lunar Lake processors will launch in Q3 2024, in time for the holiday season, powering over 80 new laptop designs and providing AI performance at a global scale.
Full articleSummary: Intel announces its next-gen Core Ultra mobile chips, Lunar Lake, set to ship in the third quarter of this year with upgraded performance cores and efficiency cores, along with enhancements in GPU and NPU capabilities. The company also emphasizes on power efficiency and battery life improvements. Intel executives are optimistic about the AI PC generation and Intel's efforts to capture the AI market through software development.
Full articleSummary: BlackRock whistleblower sues over firing and shutdown of China monitoring tool. Azhar alleges he was fired for objecting to colleague's self-dealing and claims his Trend Spotter project was shut down by BlackRock. The company denies the accusations and states Trend Spotter's purpose was summarizing client interactions for marketing.
Full articleSummary: Elon Musk's planned visit to India was cancelled, citing heavy obligations. He was expected to make big announcements about Tesla's EV factory in India and developments related to Starlink. Tesla's shift towards low-cost cars may lead to delays in investments in new factories in Mexico and India. Musk visited Indonesia to launch Starlink services and explored opportunities in Sri Lanka.
Full articleSummary: Apple launched the new Pencil Pro with a subtle yet surprising feature alongside M4 iPad on May 7. A viral TikTok highlighted the attention to detail from tech giant in the stylus design.
Full articleSummary: Microsoft is gearing up for its annual developer conference Build 2024, where new Arm-powered Surface PCs are expected to be unveiled along with better integration of AI into devices and products.
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