Summary: Target plans to lower prices on 5,000 products to compete with Walmart, which is already offering lower prices. The retailer aims to attract customers by reducing prices on food items like meat, bread, fruit, and vegetables. Target's stock is up almost 12% year to date, and the company believes that price cuts will lead to a positive outlook. Amid rising inflation and increased shoplifting, Target is deploying new scanners at self-checkout machines and limiting customers to 10 items per transaction.
Full articleSummary: Emkay's research report on Colgate-Palmolive suggests maintaining a SELL call due to limited visibility on earnings over the medium term and concerns about volume slowdown, despite the company's differentiated growth strategy and strong margins.
Full articleSummary: Wells Fargo appoints Andrew Moy as the first Commercial Sales Leader dedicated to the Asian American and Pacific Islander-owned businesses segment, focusing on tailoring solutions and creating partnerships to support their growth.
Full articleSummary: Researchers identify genes in obesity patients responding well to Novo Nordisk's weight-loss drug Wegovy, particularly those with 'hungry gut' genetic profile, leading to significant weight loss.
Full articleSummary: Lockheed Martin successfully tested a PAC-3 Missile Segment Enhancement (MSE) interceptor in partnership with the Department of Defense services and components, demonstrating their commitment to developing integrated technologies against evolving threats.
Full articleSummary: Lockheed Martin Corporation (LMT) continues to show strong performance with a 10% return in the past months, poised for further growth due to increased global defense spending and demand for advanced military technologies.
Full articleSummary: MetLife introduced My Leave Navigator, a digital offering to aid employees in planning time off due to disability or other events, providing customized guidance and enhancing confidence in managing leave.
Full articleSummary: Microsoft reported an increase in total emissions for fiscal year 2023, primarily due to a surge in Scope 3 emissions driven by the construction of new datacentres.
Full articleSummary: Lockheed Martin awarded a $756 million contract by U.S. Army to enhance ground-based hypersonic weapon system LRHW.
Full articleSummary: Booking Holdings (BKNG) reported $21.4 billion in revenues in 2023, with 51% from agency revenues and 44% from merchant revenues. A $1000 investment made in May 2014 would be worth $3,261.06 as of May 20, 2024, showing a 226.11% gain. Analysts are expecting more upside for BKNG after impressive first-quarter 2024 results.
Full articleSummary: Microsoft is hosting its annual developer conference, Microsoft Build 2024, focusing on AI advancements, Windows 11 updates, and new Surface hardware.
Full articleSummary: Wells Fargo analyst maintained a Buy rating on Medtronic (MDT) with a price target of $102.00. The company's shares closed at $85.92. Barclays also assigned a Buy rating with a $104.00 price target. Despite negative insider sentiment, the average analyst consensus on Medtronic is a Moderate Buy with an average price target of $94.09.
Full articleSummary: Costco is considering price hikes on products including prepared foods and gas
Full articleSummary: A latest intelligence report published by AMA Research suggests that the Global Business Communication Systems Market is expected to boom. The report provides insights on key factors, major players, market segments, drivers, trends, opportunities, and challenges in the market.
Full articleSummary: Marc Benioff, the CEO of Salesforce.com, responded personally to an email complaint within 67 seconds, showing a high level of customer engagement and responsiveness, which bodes well for Salesforce's future in the SaaS market.
Full articleSummary: Wells Fargo analyst Michael Turrin maintained a Hold rating on Twilio (TWLO) with a price target of $60.00, while Scotiabank maintained a Buy rating on the stock. Twilio's shares closed at $62.08 on May 17. TWLO market cap is $10.63B with a P/E ratio of -15.52.
Full articleSummary: Apple is cutting prices on select iPhone models in China to boost sales and compete with rivals like Huawei and Xiaomi. The discounts offered are much larger than those given earlier this year.
Full articleSummary: Coca-Cola Consolidated initiates a $2 billion modified Dutch auction tender offer to repurchase its shares.
Full articleSummary: Wall Street is anticipating a strong quarterly report from Nvidia, as the AI chipmaker has seen significant growth in its stock price and market value. Analysts are optimistic about Nvidia's future earnings and revenue projections, despite concerns about supply chain constraints and export restrictions.
Full articleSummary: Meta's partnership with LG to create an XR headset, competing with Apple Vision Pro, is reportedly in danger according to recent reports from Korean media.
Full articleSummary: Stock market averages opened mixed after Dow Jones Industrial Average closed above 40,000 in historic fashion. Sectors like energy and industrials are leading early gains while communication services, consumer staples, and real estate are lagging. Market is anticipating Nvidia's earnings after Wednesday bell to set tone for future.
Full articleSummary: Target is reducing prices on essential items like milk and produce to help consumers save more and cope with increasing prices on essential categories. Target's move is in line with the trend of consumers opting for private-label brands and making tradeoffs between essential and 'nice-to-have' items.
Full articleSummary: Top Indian security advisor Anshuman Tripathi highlights wafer-scale integration technology in semiconductor industry, emphasizing the importance of new chips for AI computation. Cerebras Systems, a chip startup making wafer-sized chips, is gaining attention as a competitor to NVIDIA in the AI market. The company has secured funding and deals to supply supercomputing systems for military and commercial AI applications.
Full articleSummary: Booking Holdings reported impressive first-quarter 2024 results with earnings and revenues growing on a year-over-year basis. Analysts expect more upside for BKNG, and the stock is up 8.60% over the past four weeks. The consensus estimate has moved up as well.
Full articleSummary: Wall Street trading had a mixed start after Dow Jones closed above 40,000-point level for the first time, major indices saw slight to moderate changes. Notable companies such as Microsoft, Nvidia, Palo Alto Networks, AutoZone, Target, and Ralph Lauren are expected to report earnings.
Full articleSummary: Apple is offering steep discounts on iPhone 15 models in mainland China through online retail platforms like JD.com and Tmall to boost sluggish sales in the biggest smartphone market.
Full articleSummary: Apple is focusing on expanding its developer ecosystem in India to strengthen its presence in the country's rapidly growing smartphone market. Apple's developer centre in Bengaluru is playing a key role in helping developers improve their apps and reach a wider audience globally.
Full article