Summary: Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in United Parcel Service impacting the stock price, additionally multiple hedge funds and institutional investors made changes to their positions. Various brokerages provided ratings and target prices for UPS stock. UPS's latest earnings report exceeded expectations. The company also announced a quarterly dividend.
Full articleSummary: United Parcel Service, Inc. (NYSE:UPS) shares traded up 0.6% on Tuesday following analyst ratings changes and quarterly earnings report beating expectations. The company also announced a quarterly dividend.
Full articleSummary: Colgate-Palmolive reported strong Q4 results with a consolidated net profit of Rs 379.82 crore, ahead of street estimates. Revenue rose 10.35% y-o-y to Rs 1,480.66 crore. Ebitda for the quarter stood at Rs 532 crore, up 18% from the year-ago period.
Full articleSummary: John Deere plans to build a new manufacturing facility in Kernersville with a $70 million investment to produce small excavators, approved for incentives of $1 million. The location was chosen for its proximity to key markets and strong infrastructure in the Southern U.S. The expansion will bring in 150 new jobs.
Full articleSummary: Google (GOOG, GOOGL) held its I/O conference, announcing new AI initiatives including AI-powered search capabilities and Gemini capabilities with plans for global rollout. Analyst Angelo Zino sees Google as a leader in AI and praises their infrastructure advancements. Despite potential disruptions from AI competition, Zino remains bullish on Google's overall prospects.
Full articleSummary: Eli Lilly has settled with a medi spa over the sale of counterfeit versions of its diabetes and weight loss drugs, with the spa agreeing to stop using Lilly branding and take corrective actions. This is part of a broader effort by Lilly and Novo Nordisk to combat the sale of fake products containing their active ingredients.
Full articleSummary: Tesla is experiencing a talent exodus with a top AI engineer leaving to co-found a startup after major layoffs and low morale, raising concerns about the company's ability to retain talent.
Full articleSummary: Domino’s had a successful week with a 5.6% increase in same-store sales, leading to positive stock performance and media coverage. On the other hand, Starbucks faced challenges with a 12% stock price drop due to a 4% decline in sales along with poor response from company leadership blaming customers for issues.
Full articleSummary: US banking regulators to host public meeting to discuss Capital One's proposed acquisition of Discover Financial Services. Public comment period extended to July 24, 2024.
Full articleSummary: Investors are being invited by The Law Offices of Frank R. Cruz to lead a securities fraud class action lawsuit against Intel Corporation. The lawsuit alleges that Intel failed to disclose certain important information to its investors during the Class Period, which could have impacted the company's business and prospects.
Full articleSummary: Eli Lilly settles deal with medi spa selling counterfeit versions of its popular diabetes drug Mounjaro and weight loss treatment Zepbound, requiring corrective actions from Totality Medispa.
Full articleSummary: U.S. banking regulators will host a public meeting to discuss the proposed acquisition of Discover Financial Services by Capital One Financial Corporation and extended the public comment period on the pending $35 billion deal.
Full articleSummary: Shares of Berkshire Hathaway have risen significantly since Warren Buffett took over. Recently, Berkshire Hathaway's 13F filing disclosed large positions in Apple and Bank of America, with analysts bullish on both stocks' potential growth.
Full articleSummary: ExxonMobil CEO faces opposition from Calpers over climate policies, conflict arises due to litigation against environment-conscious investors and resistance to emission reduction measures, mounting pressure from shareholders and public demanding transparency and environmental responsibility
Full articleSummary: Ford has developed a rally-inspired version of the Mustang Mach-E with unique modifications and features, priced starting at $59,995.
Full articleSummary: Long-term investment in ConocoPhillips (NYSE: COP) from 2014 to 2024 resulted in an annualized rate of return of 8.02%, turning a $10,000 investment into $21,638.41. Dividends reinvested played a significant role in the total return.
Full articleSummary: Texas Instruments is set to open a $30 billion manufacturing plant in Sherman, Texas in 2025, leading to anticipation of record growth in the city with $500 million worth of projects in preparation.
Full articleSummary: Comcast is planning to launch a new streaming service called StreamSaver bundling Peacock, Netflix, and Apple TV for its broadband, TV, and mobile customers.
Full articleSummary: Medtronic and other diabetes device manufacturers have developed longer-lasting devices such as the Medtronic MiniMed extended infusion set and reservoir, which could reduce medical waste by approximately 60% in the diabetes care market.
Full articleSummary: Caterpillar (NYSE:CAT) has outperformed the market over the past 20 years by 3.97% annually, with an average annual return of 12.09%. Currently, Caterpillar has a market capitalization of $175.17 billion. If $100 of CAT stock was purchased 20 years ago, it would be worth $991.36 today.
Full articleSummary: JPMorgan Chase's short percent of float has fallen by 9.21% since the last report, indicating a decrease in bearish sentiment towards the stock. The company has 19.89 million shares sold short, representing 0.69% of all regular shares available for trading. JPMorgan's short interest percentage is lower than that of its peer group average of 1.75%.
Full articleSummary: The National Information Technology Development Agency has signed a Memorandum of Understanding with Cisco to boost artificial intelligence and smart agriculture in Nigeria, aiming to implement pilot projects in key areas such as AI and Cybersecurity, Broadband Innovation Centre, Smart Agriculture Demo Farm, Technology Learning Hubs, and Defense Technology Solutions.
Full articleSummary: Intel has ended the deployment of its Ponte Vecchio GPU, focusing on next-generation Falcon Shores GPU, which is a combination of Gaudi and next-generation Xe architectures.
Full articleSummary: Intel is in talks to finance an $11 billion chipmaking plant in Ireland with Apollo Global, the Irish Government has held discussions with Intel about their development plans, including the role of private sector investment and government support through IDA Ireland.
Full articleSummary: Banks reduced credit card loans by US$35.7 billion and other consumer loans by $14.3 billion, offset by growth in certain commercial and industrial loan segments. Big four U.S. banks saw quarterly loan contraction while sentiment may be improving at smaller institutions.
Full articleSummary: Capital One Financial Corporation proposed to acquire Discover Financial Services, including the merger of Discover Bank into Capital One, National Association. The Federal Reserve Board and OCC announced a joint public meeting to evaluate the applications and extended the public comment period.
Full articleSummary: Lowe's (LOW) is expected to continue its streak of beating earnings estimates, with a positive Zacks Earnings ESP and Zacks Rank #2 (Buy), indicating a potential for another beat. Analysts have grown bullish on its near-term earnings potential with an Earnings ESP of +0.83%.
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