Summary: Fox, Disney, and Warner Bros. Discovery have announced that their sports streaming service joint venture will be named Venu Sports and will include popular sports channels from all three companies.
Full articleSummary: Nike has slashed prices across every variation of last year's Nike Pegasus 40, including the NFL edition, in anticipation of the release of the Nike Pegasus 41 next month. Discounts of up to 60% are available, with the NFL edition priced at $55.
Full articleSummary: Walmart Inc. reported strong performance in Q1 2024, surpassing revenue and income expectations. Growth in eCommerce and advertising sectors, along with improved gross margin rate, contributed to the positive results.
Full articleSummary: Alphabet announced a significant upgrade to Google Search powered by artificial intelligence at Google I/O 2024 Developers Conference. The upgrades include AI Overviews, video search powered by AI, and meal and travel planning features.
Full articleSummary: Lockheed Martin is facing challenges with storage and upgrades of undelivered F-35 Joint Strike Fighters, including delays in the TR-3 software and Block 4 upgrades. Test capacity and parking space are strained, leading to potential risks and concerns about the program's timeline and readiness.
Full articleSummary: Wells Fargo & Company has seen its share price rise 55% over three years, outperforming the market. Although the recent week has detracted from the stock's return, the company managed to grow its EPS at 85% per year over three years. The TSR for Wells Fargo in the last 3 years was 65%, exceeding the share price return.
Full articleSummary: CEO of Alphabet Inc (GOOG), Sundar Pichai, sold 22,500 shares of the company as part of a series of transactions totaling 247,500 shares over the past year.
Full articleSummary: Billionaire Stanley Druckenmiller added new positions in Apple, Reddit, biotech, and financial services companies, while making big additions to ZoomInfo Technologies, Natera, and Flex. He also trimmed his stake in Nvidia and sold shares in DraftKings and Warby Parker.
Full articleSummary: Zacks Premium offers different ways to take advantage of the stock market by providing daily updates of Zacks Rank and Zacks Industry Rank, Equity Research reports, Premium stock screens, and access to Zacks Style Scores which rate stocks based on value, growth, and momentum characteristics.
Full articleSummary: ARGA Investment Management LP increased its stake in Gilead Sciences, Inc. by 6.2% in the fourth quarter. Several other institutional investors also added to their positions in the company. Gilead Sciences reported Q1 earnings results beating analysts' estimates and announced a quarterly dividend. Research firms have provided various ratings and price targets for GILD stock.
Full articleSummary: AGF Management Ltd. reduced its position in Comcast Co. by 68.6% in the 4th quarter, selling 49,491 shares. Several other institutional investors and hedge funds also adjusted their holdings in Comcast. Analysts have mixed ratings on the stock, with a consensus of 'Moderate Buy' and a target price of $49.33.
Full articleSummary: Tech giants are increasingly investing in artificial intelligence, benefiting semiconductor companies like Nvidia (NVDA). Futurum Chief Market Strategist Cory Johnson highlights Nvidia's continuous innovation, product introduction, and pricing power but notes concerns about tech giants developing competing chips.
Full articleSummary: Doximity (NYSE:DOCS) reported better-than-expected Q1 results with revenue up 6.4% year on year to $118.1 million, making a non-GAAP profit of $0.25 per share. Full-year guidance for 2025 was raised to $512 million at the midpoint.
Full articleSummary: BlackRock conducted a survey revealing Americans' financial concerns, retirement readiness issues, and the importance of financial literacy and diversified investment strategies.
Full articleSummary: Quest Diagnostics (NYSE: DGX) has expanded its Board of Directors with the appointment of Robert B. Carter, bringing valuable technology expertise to the company. Carter's role is expected to enhance Quest Diagnostics' integration of IT and generative AI for business growth.
Full articleSummary: Walt Disney Co, Warner Bros Discovery, and Fox Corp set to launch sports streaming service 'Venu Sports' this fall, targeting younger viewers with a bundled offer of professional and collegiate sports rights.
Full articleSummary: McDonald’s plans to introduce a $5 meal deal in the U.S. to counter slowing sales and customers' frustration with high prices.
Full articleSummary: Bank of America Securities analyst David Barden maintained a Buy rating on American Tower (AMT) with a $219.07 average price target, suggesting a 14.09% upside. Accountability Research also upgraded the stock to a Buy with a $212.00 price target. Insiders have been selling shares, with negative corporate insider sentiment.
Full articleSummary: Warren Buffett's Berkshire Hathaway disclosed a major stake in insurance company Chubb, acquiring nearly 26 million shares valued at approximately $6.7 billion. Chubb's stock jumped by more than 8% in after-hours trading on Wednesday.
Full articleSummary: The Dow Jones Industrial Average touched the 40,000 mark and remained strong, led by blue chips like Walmart and Chubb climbing sharply. The Nasdaq and S&P 500 closed lower. AI and data-center-related companies retraced after gains. The insurance giant Chubb became a major Warren Buffett holding.
Full articleSummary: Barbara Furlow-Smiles, a former senior Facebook and Nike diversity, equity, and inclusion official, sentenced to five years in prison for defrauding her employers of over $5 million through fake business deals and kickbacks.
Full articleSummary: At the STAT Breakthrough Summit in San Francisco, leaders from NVIDIA and Google emphasized the current impact of AI in drug discovery, citing an increase in investigational new drug applications mentioning AI and improved outcomes in early-stage clinical trials.
Full articleSummary: Citigroup initiated coverage on shares of Seagate Technology with a 'buy' rating and a $110.00 price target, suggesting an upside potential of 11.43%. The stock was also recently upgraded by other analysts and has a consensus rating of 'Hold' with an average price target of $95.50.
Full articleSummary: BlackRock, Inc. (BLK) held its 2024 Annual General Meeting where CEO Larry Fink discussed the company's business performance, strategy, and future outlook. He highlighted BlackRock's strong financial results, transformation initiatives, and commitment to innovation. Various official items of business were addressed, including the election of directors, compensation of executives, and approval of stock award plans.
Full articleSummary: FDA has granted accelerated approval to Bristol Myers Squibb's Breyanzi, a CAR T-cell therapy for lymphoma and leukemia. Breyanzi is approved for adults with relapsed or refractory follicular lymphoma, large B-cell lymphoma, chronic lymphocytic leukemia, and small lymphocytic lymphoma, after achieving high response rates in clinical trials.
Full articleSummary: Eli Lilly has entered a research collaboration with Totus Medicines for discovering small-molecule drug candidates against undisclosed targets.
Full articleSummary: Beacon Pointe Advisors LLC increased its holdings in Colgate-Palmolive by 31.1% in the 4th quarter, while other hedge funds and institutional investors also made changes to their positions. Insiders have been selling shares of Colgate-Palmolive, and the company recently declared a higher quarterly dividend. Analyst ratings for CL range from hold to buy, with a consensus price target of $92.35.
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