Summary: Thompson Siegel & Walmsley LLC reduced its stake in Alphabet Inc. by 3.3% in the fourth quarter, selling 140 shares. Insiders have been selling shares of Alphabet recently. Also, Wall Street analysts have been giving positive ratings and raising price targets for the stock.
Full articleSummary: Van Hulzen Asset Management LLC reduced its stake in Alphabet Inc. by 3.0% in the fourth quarter, with CEO Sundar Pichai and CFO Ruth Porat selling shares recently. The company's stock price rose by 1.0%, and analysts have set new price targets with positive ratings.
Full articleSummary: BNP Paribas Financial Markets increased its holdings in Invesco Ltd. (IVZ) during the 4th quarter. Invesco's stock was down 1.3% and the company also increased its dividend. Analyst ratings on the stock have been mixed.
Full articleSummary: AGF Management Ltd. acquired a new position in shares of Nio Inc in the 4th quarter, adding 40,828 shares valued at approximately $370,000. Several other institutional investors have also modified their holdings of the stock. NIO stock was down 1.3% during recent trading.
Full articleSummary: Chinese manufacturer Shenzhen Weibu Information Inc. reveals upcoming GP10 gaming handheld powered by Intel's Lunar Lake 'Core Ultra 200V' CPUs with specifications such as 10.95-inch touch-screen display, up to 64 GB of LPDDR5x memory, and new NPU for AI workloads.
Full articleSummary: Microsoft plans to offer cloud computing customers a platform of AMD AI chips to compete with Nvidia, to be detailed at Build developer conference. They will also preview Cobalt 100 custom processors with 40% better performance than other Arm-based processors.
Full articleSummary: Preston North End's chairman expressed disappointment in the team's performance and emphasized the need for improvement in the upcoming season. The manager, Ryan Lowe, is under pressure to deliver better results and is expected to receive support in the transfer window.
Full articleSummary: The U.S. Food and Drug Administration approved Amgen’s therapy for small-cell lung cancer, showing positive results in clinical trials and providing a potential treatment option for patients in advanced stages of the disease.
Full articleSummary: Intel-powered gaming handheld 'GP10' featuring Lunar Lake CPU architecture spotted at Computex. It is equipped with LPDDR5X memory, M.2 2280 NVME SSD support, and Xe2-LPG architecture derived from Battlemage.
Full articleSummary: Nvidia (NVDA) is set to report its first quarter earnings next week. The chipmaker's shares are up over 95% year to date, prompting high expectations. Investors are eagerly awaiting the results to see if Nvidia can deliver on these lofty expectations.
Full articleSummary: Three clear leaders in the artificial intelligence (AI) market with strong growth potential are Nvidia, Taiwan Semiconductor, and Microsoft.
Full articleSummary: Bank OZK, a midsized bank based in Little Rock, Arkansas, dominates U.S. construction lending, surpassing big players like JPMorgan Chase and Wells Fargo. The bank's strong focus on construction loans has proven successful, recording record profits and maintaining rigorous lending standards even during economic downturns.
Full articleSummary: EU launches investigation into Meta's Facebook and Instagram over potentially addictive effects on children, looking at behavioral addictions and content recommendation for minors.
Full articleSummary: Hasbro completes a $500 million debt offering advised by Cravath, Swaine & Moore and underwriters BofA Securities and Citigroup, due 2034.
Full articleSummary: Goldman Sachs and Barclays analysts maintain their bullish ratings on Chevron Corporation (CVX) stock due to improving free cash flow generation, strong volume outlook in the Permian region, strategic priorities such as the execution of the Tengiz project, and attractive relative valuation.
Full articleSummary: Thermo Fisher Scientific Inc. (TMO) has received a consensus 'buy' rating from 24 analysts with a price target range of $553.00 - $670.00 and an average target price of $624.17, indicating a potential 4.2% increase from the previous closing price. The company has a market capitalization of 227.94B and is focused on serving science through its segments including Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services.
Full articleSummary: Citigroup Inc beat estimates for third-quarter profit due to improved net interest income, but faced weaknesses in investment banking and trading divisions. The bank is preparing for potential economic downturns amidst aggressive monetary policy by the Federal Reserve.
Full articleSummary: UBS Group decreased Home Depot's target price from $411.00 to $400.00 with a 'buy' rating, suggesting a potential upside of 16.66%. The company received a 'Moderate Buy' consensus rating with a target price of $374.96. Home Depot reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02.
Full articleSummary: Tesla's Cybertruck was showcased in a video towing a Porsche 911 and beating it in a drag race, but MotorTrend's tests revealed that the Cybertruck did not actually win in a quarter-mile race against a 911.
Full articleSummary: Coca-Cola (KO) stock's future performance is being influenced by factors like earnings estimate revisions, revenue growth forecast, last reported results history, and valuation compared to peers.
Full articleSummary: Eli Lilly and Co is being evaluated against key competitors in the Pharmaceuticals industry based on various financial metrics. The company shows premium valuations in terms of P/E, P/B, and P/S ratios, suggesting possible overvaluation compared to industry peers. Despite lower ROE, EBITDA, and gross profit, Eli Lilly demonstrates exceptional revenue growth, indicating strong market demand.
Full articleSummary: CoreWeave, an AI infrastructure startup, raised $7.5 billion in debt after a $1.1 billion equity funding round led by Blackstone. Investors are attracted to CoreWeave for its role as a key provider of Nvidia's chips for AI models.
Full articleSummary: Starbucks wrongfully fired an employee for helping unionize one of its stores, ordered to reinstate and provide backpay. The National Labor Relations Board found Starbucks broke rules by dissuading workers from unionizing at another location.
Full articleSummary: The European Commission has warned Microsoft to provide information on generative AI risks in Bing by May 27 or could face fines, as the DSA may have been breached.
Full articleSummary: Microsoft will reportedly add the next Call of Duty installment to Xbox Game Pass, potential impact on revenue and subscription fees are uncertain.
Full articleSummary: Sainsbury’s and Microsoft have entered a five-year strategic partnership aimed at enhancing customer and colleague experiences with AI, machine learning, and data analytics. The collaboration will focus on improving store operations, online shopping experiences, and overall customer satisfaction.
Full articleSummary: Principal Securities Inc. acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 4th quarter. Several other institutional investors also bought shares of the company. The ETF's stock price opened at $96.64 on Friday and has a 12-month low of $74.82 and a high of $99.34.
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