Summary: Chevron Corp (CVX) stock is attractive to value buyers with a dividend yield of over 4.0% covered by free cash flow. Existing investors can make extra income by selling short out-of-the-money put options in nearby expiry periods. Strong free cash flow reported in Q1 results allows for large dividend payments coverage.
Full articleSummary: Lowe's Companies Inc (LOW) is set to report its first-quarter financial results with analysts expecting lower revenue and earnings per share compared to the same quarter last year. Analysts are watching for increasing demand in outdoor patio items and key items such as foot traffic and a potential partnership with DoorDash. Lowe's stock is currently up 11.3% over the last year and up 3.6% year-to-date.
Full articleSummary: JPMorgan Chase shares slipped lower after CEO Jamie Dimon hinted at retiring sooner than expected and mentioned there would be no significant share buybacks at current prices.
Full articleSummary: Exxon Mobil Corporation projects a significant sequential improvement in results for its three key business lines in the second quarter of 2021, expecting higher oil prices to boost its earnings, as well as improvements in refining margins and chemicals margin. The energy major anticipates an uplift in profits from its oil and liquids businesses and foresees earnings growth in the upstream business due to an increase in natural gas prices.
Full articleSummary: Intel announces upcoming CPU series Core Ultra 200V 'Lunar Lake' and Arrow Lake for Q3 and Q4 2024 respectively, to compete with Qualcomm's Snapdragon X Series, with promising performance gains.
Full articleSummary: JPMorgan Chase shares slipped lower after CEO Jamie Dimon hinted at retiring sooner than expected, mentioning a shorter timetable for his departure and no significant share buybacks at current prices.
Full articleSummary: Bank of America is raising the base salary for senior bankers and providing special compensation awards to employees, reflecting a 47% increase in its stock price last year.
Full articleSummary: The Kraft Heinz Company has underperformed the market, reporting a decline of 7.7% over the past year while S&P 500 rallied nearly 27%. KHC is looking to sell popular brand Oscar Mayer for $3-5 billion, with Q1 net sales decreasing 1.2% year over year. Analysts expect KHC's EPS to grow by 1.3% for the current fiscal year.
Full articleSummary: Union Pacific's short percent of float has fallen by 12.82% since its last report, with 4.16 million shares sold short (0.68% of all regular shares). It would take traders 1.81 days to cover short positions on average. Union Pacific's short interest compared to peers is lower than the average.
Full articleSummary: Microsoft is expected to unveil a new Arm-powered Surface Pro 10 and Surface Laptop 6 devices at today's event, along with new AI features for Windows.
Full articleSummary: BlackRock (BLK), a Finance sector company based in New York, has a dividend yield of 2.51% and a payout ratio of 51%. The company has a Zacks Rank of 3 (Hold) and is expected to have a year-over-year earnings growth rate of 9.37% for 2024.
Full articleSummary: Bank of America analysts state that Nvidia fundamentals are broadening beyond expectations. They suggest that AI is impacting various sectors and that Nvidia's contribution to S&P earnings growth is decreasing. Options indicate lower implied move for Q1 earnings, and the bank notes that stock reactions to earnings are influenced by high expectations during this earnings season.
Full articleSummary: Caterpillar Inc. is investing $90 million in its Texas facilities to produce the new Cat C13D industrial engine, creating 25 jobs in Schertz starting in 2026.
Full articleSummary: AMD, NVIDIA, and Intel will detail their next-gen products Zen 5, Lunar Lake, and Blackwell at Hot Chips 2024.
Full articleSummary: Target plans to cut prices on thousands of consumer basics this summer due to inflation; investors are receiving dividends and buybacks from tech companies; other retailers like McDonald’s and Walmart are also focusing on offering deals to counter high prices and attract customers.
Full articleSummary: Delhi High Court dismisses Income Tax Department's appeal related to ₹2,800 crore AMP expenses additions by Pepsico under transfer pricing mechanism.
Full articleSummary: Markets have been rallying with the Dow Jones surpassing 40,000 mark for the first time, but taking a breather ahead of Nvidia's fiscal first-quarter earnings. First Franklin Financial Chief Market Strategist Brett Ewing highlights the significance of Nvidia's results in shaping short-term market sentiment, while emphasizing the longer-term AI trend's resilience. Ewing suggests positive tailwinds in the market and advises investors to explore opportunities in small and mid-cap stocks, particularly pointing out potential upside in Russell 2000 index. Additionally, Ewing believes that markets historically perform well in election years and with expectations of a low-rate cut cycle.
Full articleSummary: Charter Communications announced a mobile contract buyout offer, paying up to $2,500 to customers who switch to Spectrum Mobile. The offer includes paying off existing phone balances and requiring subscription to Charter's home broadband service.
Full articleSummary: BlackRock sued for $20 million by a former vice president who developed a search engine to monitor client discussions about illegal investments, including in China.
Full articleSummary: ClearBridge Investments Ltd increased its stake in Union Pacific Co. by 30.7% during Q4, making it its 4th largest holding. Several other large investors have also added to their stakes in the stock. Analysts have provided positive ratings and price target increases for Union Pacific, and the company recently reported earnings above consensus estimates.
Full articleSummary: The global Aviation Analytics market is projected to reach USD 6.28 billion by 2029, growing at a CAGR of 11.80%. Major players in the market include Accelya, General Electric, IBM, SAP SE, and more. Market insights suggest growth opportunities in fuel management, flight-risk management, customer analytics, and navigation services segments.
Full articleSummary: Calpers opposes Exxon Mobil's board of directors, prompting concern among shareholders and a slight sell-off in shares. This move was driven by Exxon's actions against investors focused on climate-related issues. Furthermore, Exxon faces another major issue, as courts ordered it to pay $725.5 million in a benzene exposure lawsuit. Despite these challenges, analysts have a Moderate Buy consensus rating on XOM stock with a 15.3% upside potential.
Full articleSummary: Thermal Grizzly has introduced a new heat spreader for delidded Intel CPUs, claiming to reduce temperatures by up to 15C. The company also achieved significant temp drops using a water block and liquid metal thermal solution in combination with the heat spreader. These products are currently available on the company's website.
Full articleSummary: JP Morgan Chase Bank NA settled patent infringement allegations with pair of patent-monetization firms. The dispute was dismissed with prejudice and without award of attorney fees or costs on May 17.
Full articleSummary: BlackRock faces a $20 million lawsuit from a former employee who alleged he was fired for objecting to self-dealing practices and was forced to shut down a client discussion monitoring tool. The company denies the allegations.
Full articleSummary: D.A. Davidson analyst maintained a Buy rating on Deere with a price target of $465.00. Barclays also rated Deere as Buy, while TD Cowen assigned a Hold rating previously. Deere has a market cap of $110.5B and a P/E ratio of 11.95.
Full articleSummary: Target announces price cuts on around 5,000 items across its stores to help consumers save money on everyday items such as milk, meat, diapers, and more.
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