Summary: JPMorgan's investors seeking answers regarding succession plan for CEO Jamie Dimon, deployment of excess capital, and incorporation of AI across its operations during the annual investor day. Questions remain about the future, especially regarding a potential successor for Dimon who has hinted at eventual retirement.
Full articleSummary: Deere and Co. experienced a decrease in net sales and revenues during the 2024 second quarter compared to the previous year, while Finning International saw an increase in revenue during the 2024 first quarter. The Home Depot reported a decrease in net sales for the first quarter of fiscal 2024 compared to the previous year.
Full articleSummary: United Parcel Service (UPS) has a current forward dividend yield of around 4.4%, but its earnings have been disappointing recently, leading to thin dividend cover in 2024. Management aims to significantly improve profit margins and delivery volumes, with the goal of hitting $5.9 billion to $6.7 billion in free cash flow in 2024.
Full articleSummary: ING Groep NV increased its position in Booking Holdings Inc. by 6.4% in the fourth quarter, several other institutional investors and hedge funds have also modified their holdings of BKNG, and the stock price of NASDAQ:BKNG traded down 0.7%.
Full articleSummary: United Parcel Service (UPS) has a forward dividend yield of 4.4%, but the sustainability of the payout is in question due to recent disappointing earnings and thin dividend cover in 2024. Management aims to improve profit margins, delivery volumes, and revenue to boost free cash flow. The company is in recovery mode, but economic challenges could impact its ability to grow the dividend.
Full articleSummary: Options market for Charter Communications CHTR is showing high implied volatility, suggesting a big move expected in the stock. Analysts have mixed views, with some increasing and others decreasing earnings estimates, leading to a Zacks Rank #3 (Hold).
Full articleSummary: Philip Morris (NYSE:PM) has experienced a 12% price rise in the last three months, largely due to strong Q1 2024 results and an upgraded 2024 outlook. However, challenges such as a softening dividend yield and high market multiples cast some shadows. Opportunities lie in the growth of smoke-free products and the potential for dividend growth.
Full articleSummary: Philip Morris (NYSE:PM) has experienced a 12% price rise in the last three months outperforming the S&P 500 Consumer Staples index. Despite strong Q1 2024 results and an upgraded outlook, challenges include a softening dividend yield and high market multiples. The company's focus on smoke-free products presents growth opportunities, along with the potential for dividend growth.
Full articleSummary: Jump Financial LLC increased its holdings in Intuit Inc. by 108.0% in the 4th quarter. Several other institutional investors and hedge funds also made changes to their positions in INTU. Insiders have recently sold company stock. Wall Street analysts forecast growth for Intuit.
Full articleSummary: BH Properties has hired Greg Sullivan, a 30-year industry veteran, to accelerate the expansion of its retail portfolio. Sullivan's appointment as managing director will focus on repositioning high-profile properties, including Pacific Place in Seattle, recently acquired by BH Properties.
Full articleSummary: Chevron reported Q1 earnings, beating EPS expectations but missing on revenues. Gross margins contracted, operating margins increased, and net margins dropped. Analysts have an average price target of $128.55 for Chevron.
Full articleSummary: Citigroup raised PulteGroup's target price from $127.00 to $129.00 with a 'neutral' rating, suggesting an 8.34% potential upside. Several other firms also adjusted their price targets and ratings for PHM, and the company has announced a stock buyback plan.
Full articleSummary: Comcast Co. (CMCSA) experienced a 0.3% decrease in share price during mid-day trading despite beating analysts' earnings estimates for the quarter.
Full articleSummary: RTX had its price target lifted by Wells Fargo & Company from $119.00 to $141.00 with an 'overweight' rating, suggesting a potential upside of 35.34%. Analysts have mixed ratings on the stock, with two sell ratings, twelve hold ratings, and four buy ratings. The stock's performance has shown a positive trend and analysts expect RTX to post 5.4 EPS for the current year.
Full articleSummary: Google, owned by Alphabet Inc., is being sued by Sonos for alleged patent infringement related to smart speaker technology, seeking to block sales of Google's products and collect financial damages. This lawsuit may potentially hurt Google's competitive position in the smart speaker market.
Full articleSummary: Alphabet is focusing on artificial intelligence (AI) by introducing new features and products at Google I/O conference, addressing investor doubts about its position in AI compared to competitors.
Full articleSummary: Gladstone Institutional Advisory LLC increased its position in Exxon Mobil Co. by 14.4% in the fourth quarter, owning 72,630 shares worth $7,262,000. Other institutional investors also modified their holdings. Exxon Mobil stock traded up on Friday, reaching $119.64. The company reported lower Q1 earnings than expected, but announced a dividend. VP Darrin L. Talley sold company shares. Analysts have given the stock a consensus rating of "Moderate Buy" with a target price of $135.00.
Full articleSummary: Charles Schwab Investment Management Inc. increased its stake in SL Green Realty Corp. by 3.0% in the fourth quarter according to its recent disclosure with the SEC. Several other hedge funds also made changes to their positions in the stock. Wall Street analysts have given SLG various ratings, with an average of 'Hold' and a consensus target price of $47.00. SL Green Realty's stock performance shows a current market cap of $3.49 billion, a PE ratio of -6.42, and a 1-year low of $21.09.
Full articleSummary: Securian Asset Management Inc. reduced its position in Philip Morris International Inc. by 11.8% during the fourth quarter, with several other hedge funds also adjusting their holdings. The stock of Philip Morris International traded down by 0.8%. The company announced a quarterly dividend and posted positive earnings results for the quarter, beating analysts' estimates.
Full articleSummary: Norges Bank acquired a new position in Medtronic plc during the fourth quarter, with several other large investors also making changes to their positions in MDT. Insider transactions involving EVPs were reported. Medtronic stock price went up 0.3% on NYSE. Medtronic also announced a quarterly dividend.
Full articleSummary: International Assets Investment Management LLC trimmed its position in shares of Philip Morris International Inc. by 8.5% during the fourth quarter. Insider buying and selling activity reported, with over 35,000 shares sold by company insiders. Quarterly earnings exceeded expectations with $1.50 earnings per share reported. The company announced a $1.30 quarterly dividend paid on April 9th.
Full articleSummary: BI Asset Management Fondsmaeglerselskab A S increased its holdings in FedEx Co. by 16.2% during the fourth quarter according to a recent Form 13F filing with the SEC. Several other hedge funds and institutional investors also acquired positions in FedEx. Analysts have set new price targets for FDX, with price target increases and positive ratings. FedEx stock traded down 0.6% recently. FedEx reported better-than-expected quarterly earnings results, beating estimates and has a share repurchase program in place. Insider activity includes notable sales by company executives.
Full articleSummary: Bristol-Myers Squibb's share price traded down 0.7% on Friday with decreased trading volume. Several analysts issued varying ratings for BMY stock including downgrades and upgrades. The company also reported quarterly earnings surpassing estimates and announced a dividend payment. Institutional investors made modifications to their holdings of BMY.
Full articleSummary: Beacon Pointe Advisors LLC increased its position in Capital One Financial Co. by 141.6% in the 4th quarter. Several other institutional investors have also modified their holdings in the company. Analysts have set new price targets for COF, with a consensus rating of 'Hold'. Capital One Financial announced its earnings results, missing the EPS estimate slightly. The company also declared a quarterly dividend.
Full articleSummary: Salesforce continued its growth story in fiscal Q117 by developing its IoT Cloud on Amazon's AWS, marking a significant strategic shift. Leading players like Microsoft are also rethinking strategies to compete in the cloud space.
Full articleSummary: Equities researchers at StockNews.com began coverage on iPower with a 'hold' rating, while Roth Mkm raised the target price and rated it as a 'buy'. iPower reported positive earnings results and is expected to have a negative EPS for the current fiscal year.
Full articleSummary: Danaher Co. CEO Rainer Blair sold shares of the firm's stock, and the company announced a dividend. Wall Street analysts have issued positive ratings on DHR stock. Institutional investors have been adding to their stakes in DHR.
Full article