Summary: Caterpillar Inc. is investing $90 million in Schertz and Seguin facilities to produce the all-new Cat C13D industrial engine, creating 25 jobs and optimizing heavy-duty off-highway applications.
Full articleSummary: PineStone Asset Management Inc. increased its position in shares of PepsiCo, Inc. during the fourth quarter, as reported in its recent Form 13F filing with the SEC. Several other hedge funds also made changes to their positions in PepsiCo. Analysts have set new price targets for PepsiCo. CEO of PepsiCo, Ramkumar Krishnan, sold 5,620 shares of the stock. PepsiCo announced an increase in its quarterly dividend.
Full articleSummary: ING Groep NV increased its stake in Gilead Sciences, Inc. by 96.6% during the 4th quarter, owning 931,968 shares worth $75,499,000, making it its 28th largest holding. Other institutional investors like Clearbridge Investments LLC and abrdn plc also raised their stakes in Gilead Sciences.
Full articleSummary: Principal Financial Group Inc. lowered its holdings in Alphabet Inc. during the fourth quarter. Various institutional investors and hedge funds have recently bought shares of GOOGL. Several analysts have provided positive ratings and increased price targets for Alphabet. In terms of stock performance, Alphabet opened at $176.06 on Friday and has a strong market capitalization. The company reported strong quarterly earnings and announced a quarterly dividend. Insider selling activities have also been disclosed at Alphabet.
Full articleSummary: Private Portfolio Partners LLC increased its holdings in Alphabet Inc. during the fourth quarter, with several other large investors modifying their holdings as well. Alphabet also announced a quarterly dividend, and Wall Street analysts have a positive outlook on the stock's growth potential.
Full articleSummary: Hindujas' acquisition of Reliance Capital faces financing challenges as lenders are seeking a 15.5% coupon on a Rs 2,000 crore loan each. IndusInd International Holding Ltd is negotiating for a reduction in coupon to close the deal by May 27.
Full articleSummary: Will Riley, a 5-star forward, impressed recruiters with a 42-point game and has shown strong interest in joining Kentucky Wildcats, despite reclassification rumors.
Full articleSummary: Motco lessened its stake in Starbucks by 14.3% in the 4th quarter, with several other institutional investors also making changes to their positions in the stock. Starbucks stock was up 3.4% on Friday, trading at $77.85 per share. Starbucks last reported earnings fell short of estimates, and the company announced a quarterly dividend.
Full articleSummary: Under Armour has been facing management issues with frequent CEO turnovers and leadership changes. The company also dealt with controversies like the Sports Authority bankruptcy and the UCLA sponsorship deal lawsuit. Competitors gaining ground and failure to adapt to consumer trends are further challenges for the brand.
Full articleSummary: Several Padres pitching prospects had strong starts along with top prospects performing well in different minor league affiliates, resulting in wins for all five Padres' affiliates.
Full articleSummary: Cornerstone Advisors LLC reduced its position in Danaher Co. by 21.5% in the fourth quarter. Several other institutional investors have recently modified their holdings of the company. Danaher's stock has been on the rise. Wall Street analysts have given positive ratings to Danaher, with an average target price of $267.31.
Full articleSummary: Cornerstone Advisors LLC trimmed its holdings in RTX Co. by 22.5% in the 4th quarter, and a number of other large investors have made changes to their positions in RTX. RTX stock traded down 0.1% during mid-day trading on Friday. Insiders Stephen J. Timm and CEO Gregory Hayes sold significant amounts of RTX shares recently. Analyst ratings on RTX have varied, with analysts providing price targets and ratings for the stock.
Full articleSummary: Citigroup Inc reported a 21% fall in quarterly profit, missing forecasts due to increased provisions and decreased investment banking revenue. Despite the economic challenges, the bank expects revenue growth and is ramping up investments to address regulatory orders.
Full articleSummary: The Kentucky Wildcats basketball staff is actively recruiting 5-star forward Will Riley who had an impressive performance in a recent game, leading to speculation about his potential reclassification and interest in Kentucky.
Full articleSummary: Roblox stock faced a significant drop post Q1 results despite a solid performance, with investors concerned about Q2 guidance and FY 2024 outlook cut for bookings. Management remains confident in addressing monetization challenges and reiterates long-term growth potential, while shares are considered undervalued based on target price.
Full articleSummary: Pinterest stock (NYSE:PINS) has shown a re-acceleration in growth, with expanding user base and strong gains in revenue per user. Despite significant free cash flow growth, investors should be cautious due to concerns about valuation.
Full articleSummary: A St. Petersburg court has ordered the seizure of assets of Deutsche Bank and Commerzbank in Russia in response to a lawsuit regarding a cancelled gas processing plant project. The banks were guarantors for the project, which was scrapped due to Western sanctions.
Full articleSummary: Citigroup Inc has agreed to pay a $400 million fine and draw up a sweeping plan to fix persistent risk management and operational problems following years of violations and penalties. The penalties could curtail Citi's ability to make acquisitions and personnel decisions, posing challenges for incoming Chief Executive Jane Fraser.
Full articleSummary: United States Steel Co. (NYSE:X) stock was down 4% on Friday with approximately 3,208,465 shares traded. Wall Street analysts have mixed opinions on the stock with an average rating of 'Hold' and an average price target of $38.00. The company announced a quarterly dividend of $0.05 per share, with a dividend yield of 0.56%.
Full articleSummary: Texas Rangers defeated Los Angeles Angels 3-2 in the 13th inning with Nathaniel Lowe being hit by a pitch to force home the winning run. Adolis García and Jo Adell homered for their respective teams. The Angels struggled, going 0 for 18 with runners in scoring position.
Full articleSummary: Oscar Health, Inc. renews its Pharmacy Benefit Manager agreement with CVS Caremark to provide continued access to pharmacy network, expected to lower costs substantially for Oscar, agreement extended through 2026.
Full articleSummary: Nike is bringing back the Nike Clogposite, a mule-fied version of the Flightposite 1, with updated colorways and is expected to release in Fall 2024. Rumors of a Supreme collaboration are also circulating.
Full articleSummary: Dr. Darren Death has been appointed as the new Chief Information Security Officer (CISO) at the Export-Import Bank of the United States (EXIM), bringing extensive experience in cybersecurity from both government and private sectors.
Full articleSummary: U.S. Bank announces Lights, Camera, Save! video contest encouraging teens to save money and use it wisely. Students aged 13-18 can participate to win up to $3,000 for their savings goal and $1,500 for their school.
Full articleSummary: 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.
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