Summary: Zacks Research has cut Q3 2024 EPS estimates for Danaher Co., with a reduced consensus estimate for full-year earnings as well. Multiple analysts have given buy ratings for the stock recently. Danaher also announced a quarterly dividend and insider activity of stock sales.
Full articleSummary: The Dow Jones Industrial Average reached a milestone Thursday breaking above 40,000 for the first time, driven by optimism around artificial intelligence and potential rate cuts by the Federal Reserve.
Full articleSummary: Massachusetts Financial Services Co. MA reduced its position in MetLife, Inc. (NYSE:MET) by 9.9% in the fourth quarter, according to the recent 13F filing with the SEC. Multiple other institutional investors and hedge funds also adjusted their holdings of MetLife. Analysts have set new price targets for the company. Insider transactions occurred at MetLife. MetLife announced an increased dividend and initiated a stock buyback plan.
Full articleSummary: NYSE Stock Exchange forms NYSE Tech Council comprising senior technology leaders of NYSE-listed companies with an initial focus on cybersecurity matters and AI use cases.
Full articleSummary: Simon Property Group has been analyzed by 5 analysts in the last three months, with a diverse range of perspectives from bullish to bearish. Analysts have recently raised their price targets for SPG, with an average target of $148.2, indicating a 5.11% increase from the previous average.
Full articleSummary: Duquesne Family Office made a big bet on small-cap stocks by selling Nvidia and Eli Lilly shares and buying call options for iShares Russell 2000 ETF. Canada Goose saw a surge in stock price after reporting better-than-expected results, with strong growth in North America and China. Deere & Co. cut its profit forecast and outlook due to decreased demand for farm equipment, leading to a decline in its stock price.
Full articleSummary: Amalgamated Bank increased its stake in Under Armour by 6.0% in the 4th quarter, with other hedge funds also making changes to their positions. Under Armour stock is down 0.5%.
Full articleSummary: Thermo Fisher Scientific introduced the Applied Biosystems Axiom BloodGenomiX Array and Software, a solution for precise blood genotyping in research. This innovation is expected to enhance the company's Life Sciences Solutions segment and improve blood matching for extended phenotypes. Thermo Fisher also launched the Gibco CTS OpTmizer One Serum-Free Medium for cell therapy manufacturing, aiming for scalability and performance.
Full articleSummary: U.S. Bank named #1 in Customer Satisfaction for Retail Banking in California for the fourth consecutive year. The achievement was recognized in the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, emphasizing trust, digital channels, resolving problems, and more. The acquisition of MUFG Union Bank last year significantly contributed to U.S. Bank's client growth and deposit position in California.
Full articleSummary: U.S. Bank has been named #1 in Customer Satisfaction for Retail Banking in California for the fourth consecutive year, following the acquisition of MUFG Union Bank.
Full articleSummary: Agriculture equipment manufacturer Deere reported better-than-expected quarterly results but trimmed its full-year forecast for the second time, reflecting lower shipment volumes and higher production costs. Deere's CEO cites challenging market conditions with domestic farm income expected to fall as much as 25% in 2024. Investors are concerned about the uncertain outlook for the company and the agriculture sector.
Full articleSummary: Simon plans to invest in revitalizing Houston's The Galleria with significant expansions and updates, including transformative upgrades to the aesthetics and interior/exterior entrances, showcasing increased investment in luxury brands and footprints of boutiques.
Full articleSummary: Simon announces plans to further invest in Houston's The Galleria with substantial interior and exterior revitalization, including upgrades to valet entrances, modern flooring, and new luxury retailers.
Full articleSummary: Deere and Company reduces profit prediction for the year due to challenging market conditions within the global agricultural sector leading to a decline in sales of large farm equipment.
Full articleSummary: The FDA broadened the use of Bristol Myers Squibb’s CAR-T therapy Breyanzi to treat patients with relapsed or refractory follicular lymphoma, winning accelerated approval based on phase 2 trial results. Competitors Gilead Sciences’ Yescarta and Novartis’ Kymriah have also gained approvals for the same indication. BMS is conducting a phase 3 trial to confirm Breyanzi’s clinical benefit in this use. Gilead is expanding CAR-T treatment centers to increase therapy accessibility.
Full articleSummary: Alphabet (GOOGL) has shown significant growth over the past ten years, with a $1000 investment in May 2014 now worth $6,520.64, representing a 552.06% gain. Analysts project more upside for GOOGL due to strong momentum in the cloud business, improving Search performance, and other positive factors.
Full articleSummary: Wall Street analysts have given Alphabet (GOOGL) an average brokerage recommendation (ABR) of 1.34, approximating between Strong Buy and Buy, based on ratings from 44 brokerage firms. However, the reliability of brokerage recommendations is questioned due to analysts' tendency to rate stocks with a strong positive bias, potentially misleading investors.
Full articleSummary: Analysts covering companies like Ecolab, Texas Instruments, Cisco, Britvic, and Shopify have provided recommendations involving changes in opinion or price targets, which may impact stock movements and market sentiment.
Full articleSummary: Saquon Barkley will face his former team, the Giants, as part of the Eagles in Week Seven at MetLife Stadium after signing a three-year deal with Philadelphia. Barkley expressed disappointment with how his contract negotiations went with the Giants.
Full articleSummary: The Public Investment Fund (PIF) has significantly reduced its ownership in US equities from $35.2 billion in Q4 2023 to $20.6 billion in Q1 2024. The fund lowered its holdings in 11 major companies and invested in three new companies.
Full articleSummary: Broadcom's acquisition of VMware could lead to challenges for customers due to product portfolio cuts, price hikes, cultural changes, and partner challenges.
Full articleSummary: Wealthspire Advisors LLC increased its stake in Alphabet Inc. (NASDAQ: GOOGL) and other institutional investors have also added to their positions. Alphabet also announced a quarterly dividend payment. Insiders, including CEO Sundar Pichai and CFO Ruth Porat, have been selling company stock. Analysts have given positive ratings for the stock, with price targets ranging from $170 to $205.
Full articleSummary: Stephen L. Weiss of Short Hills Capital Partners believes Meta Platforms, Inc. is lagging behind and American Tower Corporation reported strong financial growth. Kari Firestone of Aureus Asset Management mentioned American Tower Corporation and Joseph M. Terranova of Virtus Investment Partners picked Lennar Corporation as their final trade.
Full articleSummary: Texas Instruments Inc plans to cut 1,100 jobs to save $130 million by the end of 2014, following a corporate restructuring aimed at reducing expenses in its embedded-processing division and in Japan. The job cuts are centered on products with slow growth and in customer support roles in Japan.
Full articleSummary: Texas Instruments (NASDAQ:TXN) received an Underweight rating from Wells Fargo due to concerns about meeting revenue targets and facing increased capital expenditure. The stock was given a price target of $150, well below its current price of $195.
Full articleSummary: ConocoPhillips (COP) is being watched closely by Zacks.com visitors. Factors affecting the stock's near-term performance include earnings estimates revisions, projected revenue growth, last reported results, surprise history, and valuation metrics.
Full articleSummary: Meta Platforms, Inc. (META) still catching up after stock drop pre-earnings, launches fact-checking program. American Tower Corporation (AMT) reported strong Q1 revenue growth exceeding estimates. Lennar Corporation (LEN) posted mixed financial results for Q1.
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