Summary: Fiera Capital Corp trimmed its position in shares of Oracle Co. by 9.8% in the 4th quarter. Several equities analysts recently upgraded Oracle's rating to 'outperform', 'overweight', and 'buy'. Insider activity includes notable stock sales. Oracle stock is trading up 1.1%.
Full articleSummary: Dow closes above 40,000 for first time ever, ending a fifth straight winning week.
Full articleSummary: Lockheed Martin Rotary and Mission Systems has been awarded a $70.4 million contract modification by the Navy for equipment, with work expected to be completed by December 2029.
Full articleSummary: Disney CEO Bob Iger confirmed that the Disneyland Resort will be getting an Avatar-themed land in the biggest expansion since 2001. The plan includes a mix of theme park, hotel, retail, dining, and entertainment, with the Avatar land being the first project.
Full articleSummary: Levi Strauss & Co. announced official validation for their net zero goal by Science-Based Targets initiative, aligning supply chain emissions reduction pathways with a 1.5C temperature rise limit and setting a new absolute emissions reduction commitment of 42% by 2030. The company will leverage industry collaborations to drive progress towards sustainability goals.
Full articleSummary: CNBC's Jim Cramer highlighted the focus on Nvidia's earnings next week, suggested buying E.l.f Beauty if stocks dip, and expects strong reports from Target and Deckers Outdoor. He also expressed confidence in Macy's, Lowes, and Ralph Lauren.
Full articleSummary: PepsiCo (PEP) closed slightly lower in the latest trading session compared to the prior day, however, it has appreciated by 6.29% over the past month. The company is forecasted to report positive EPS and revenue growth in the upcoming release.
Full articleSummary: Addison Capital Co increased its position in PepsiCo Inc. by 35.2% in the fourth quarter, holding 31,213 shares worth $5,301,000. Several other institutions also bought shares. PepsiCo's stock price is down by 0.5%. The company recently announced an increased quarterly dividend and revealed positive quarterly earnings results beating estimates.
Full articleSummary: Deere & Co. reported Q2 2024 earnings with net sales and revenues down 12%, operating margin at 21.2%. The company expects more challenging market conditions in the back half of the year due to abating ag fundamentals. They plan proactive inventory management to align with lower demand.
Full articleSummary: A former Boeing manager who raised safety concerns about the company and was found dead after depositions in South Carolina was determined to have taken his own life. The individual had pointed out safety issues in Boeing's aircraft and felt they were not adequately addressed.
Full articleSummary: Citigroup Inc. may adjust its investment banking headcount following a recent drought in dealmaking. The bank had announced plans to lay off less than 1% of staff and is considering changing the pace of its investments.
Full articleSummary: Sam Altman, CEO of OpenAI, criticized former and current CEOs of Google for their leadership skills during the peak rivalry in the AI sector. OpenAI rolled out GPT-4o, a new AI system with multimedia processing capabilities, while Google announced updates including 'Project Astra' the next day. Google emphasized a more extravagant event compared to OpenAI's modest presentation.
Full articleSummary: Stocks (^DJI, ^GSPC, ^IXIC) closed mixed on Friday, with the Dow Jones Industrial Average closing above 40,000 for the first time. Crossmark Global Investments CEO and CIO Bob Doll expressed concern about a potential 'mild' recession due to signs of weakness in the consumer sector. Looking ahead, all eyes are on Nvidia (NVDA) as it prepares to report its first quarter results on Wednesday, May 22 after market close. Analysts from Wedbush Equity Research and Truist Securities shared their expectations for Nvidia's report and the implications for the chip sector. The market sentiment appears cautiously optimistic with concerns about a recession in the near future.
Full articleSummary: An insider, EVP and CIO Fahim Siddiqui, sold 3,000 shares of The Home Depot Inc (HD) at a price of $343.79 per share, totaling approximately $1,031,370. This sale follows a pattern of insider sells within the company over the past year. The GF Value estimates the stock's intrinsic value at $329.30, indicating it is Fairly Valued with a price-to-GF-Value ratio of 1.04. The article emphasizes that the sale could be of interest to investors for insights into insider confidence and stock valuation perspectives.
Full articleSummary: Danaher Corp's President & CEO sold 9,005 shares of the company, adding to a total of 75,265 shares sold over the past year. The insider sales trend within the company indicates potential consensus among insiders about the stock's current valuation.
Full articleSummary: McDonald's is planning to phase out self-serve drink stations by 2032, with some locations already implementing changes like staff filling initial drink orders for customers eating in the restaurant. Some franchise owners are even considering eliminating free refills entirely. Additionally, McDonald's is expected to offer a $5 value meal that includes a choice of items with fries and a drink.
Full articleSummary: Tesla is facing challenges in getting Elon Musk's $56 billion pay package approved, as per the chair Robyn Denholm.
Full articleSummary: The Dow closed above 40,000 points for the first time on Friday, reaching a record high. Investors are optimistic due to strong corporate profits and signs of cooling inflation. Meme stocks, like GameStop, have lost value after posting a potential loss and plans to sell more stock.
Full articleSummary: Southside Electric Cooperative (SEC) increased its fee for providing electricity by nearly 3,000%, resulting in some customers seeing their bills triple. The new rate structure charges customers based on their highest electric usage peak throughout the day, leading to significant spikes in bills for those using less energy, like families with solar panels.
Full articleSummary: Nike's website traffic for running shoe category has declined steadily, while competitors like Hoka, Brooks, and Asics have seen growth in traffic visitation. Consumers are leaning towards recognizable and specialty running shoes brands, impacting Nike's market share and momentum in running segment.
Full articleSummary: Boeing faces scrutiny at its annual shareholder meeting with concerns about quality, safety, and shareholder dissatisfaction. There are also potential criminal prosecutions over 737 MAX crashes looming, with federal prosecutors questioning Boeing's compliance with previous agreements.
Full articleSummary: Analysts have provided new ratings on Renaissancere Holdings (RNR) and Charles Schwab (SCHW). TD Cowen analyst maintained a Hold rating on Renaissancere Holdings with a price target of $239.00, and William Katz from TD Cowen maintained a Buy rating on Charles Schwab with a price target of $92.00.
Full articleSummary: Nvidia will report its first quarter earnings for the 2024 fiscal year next week, with many eyes on Wall Street watching closely. Nvidia's short-term future is expected to be successful, but uncertainty looms down the line. AMD has partnered with Microsoft to offer its products to Microsoft's cloud computing customers, but opinions vary on AMD's long-term prospects in comparison to Nvidia's dominance in AI and data center markets.
Full articleSummary: Microsoft plans to offer its cloud computing customers AMD AI chips as an alternative to Nvidia, aiming to compete in the AI chip market and generate $4 billion in revenue. Microsoft's cloud unit also offers access to in-house AI chips and is set to preview new Arm-based Cobalt 100 custom processors.
Full articleSummary: Apple event announces new products and software updates, Apple ad receives backlash for insensitivity, Samsung responds with cheeky ad highlighting creativity over technology.
Full articleSummary: CNBC's Jim Cramer highlighted next week's earnings-filled schedule on Wall Street, with special attention on Nvidia, Target, Macy's, Palo Alto Networks, Deckers Outdoor, and other companies.
Full article