Summary: Home Depot, the world's largest home improvement company, with aggressive expansion efforts to serve larger professionals, faces challenges due to rising interest rates affecting housing turnover and borrowing costs. Despite projecting a slight sales increase for the year, analysts are advising to hold rather than accumulate more shares.
Full articleSummary: Charles Schwab Investment Management Inc. raised its stake in Alnylam Pharmaceuticals by 4.6% in the 4th quarter. Several other hedge funds also increased their stakes in ALNY. ALNY stock traded down 1.0% during midday trading. Analysts have given ALNY an average rating of "Moderate Buy" with a price target of $216.19.
Full articleSummary: Edward Jones recruits an advisor in Northern California who managed $250 million with JPMorgan Chase, Dan Dwyer, with extensive experience in the financial industry.
Full articleSummary: Nine Tesla Supercharger nozzles were cut and stolen at a Vallejo charging station, with similar incidents reported across the country. The vandalism has caused inconvenience for Tesla drivers and prompted speculation about potential reasons behind the thefts.
Full articleSummary: Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Medtronic plc in the fourth quarter, while several other institutional investors and hedge funds also modified their positions. Analysts have provided various ratings for MDT stock. Insider buying and selling activities have been reported. Medtronic's stock traded up 0.9% on the NYSE.
Full articleSummary: Apple released an updated version of Logic Pro with new features like AI-based studio assistant, ChromaGlow, Stem Splitter, and Session Players, among others.
Full articleSummary: Interest in AI has surged, with projections indicating significant growth for the industry. Intel and Apple are identified as potential leaders and good investment opportunities in the AI market.
Full articleSummary: Cisco Systems is expected to report a year-over-year decline in third-quarter earnings, with challenges in its campus networking business. However, the recent acquisition of Splunk is anticipated to accelerate growth.
Full articleSummary: Comcast to launch StreamSaver, a bundled streaming service offering Apple TV+, Peacock, and Netflix content at reduced price, following a trend in the industry of offering combined streaming packages to drive growth and reduce costs.
Full articleSummary: Tinker Bell, a beloved Disney character since 1953, has been removed from park meet and greets reportedly due to being flagged as potentially problematic by Disney's 'Stories Matter' team.
Full articleSummary: McDonald's Sweden introduces an app functionality allowing customers to scan and dispose of packaging from Burger King and other competitors to receive discounts, aiming to reduce littering in collaboration with The Keep Sweden Tidy Foundation.
Full articleSummary: Dow (NYSE: DOW) has earned the #3 placement on the Fair360 2024 Top 50 Companies list for the second consecutive year, highlighting its commitment to leadership accountability, diversity, and philanthropy. The company was also included in several Specialty Lists by Fair360.
Full articleSummary: Analysts from Bank of America Securities and Mizuho Securities maintained a Buy rating on Welltower (WELL). Jefferies reiterated a Hold rating on Welltower. Welltower reported quarterly revenue of $1.75 billion and a net profit of $83.91 million for the latest quarter ending December 31.
Full articleSummary: Dow has advanced to the #3 placement on the Fair360 2024 Top 50 Companies list and remains in the top 10 for the second consecutive year. The ranking highlights the Company's commitment to leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.
Full articleSummary: Comcast to introduce a streaming bundle including Peacock, Netflix, and Apple TV+ for its cable, broadband, and mobile subscribers at a discounted rate.
Full articleSummary: U.S. auto safety regulators have opened an investigation into the performance of Alphabet's Waymo self-driving vehicles due to reports of violations of traffic safety laws and collisions, following 22 incidents involving 444 vehicles. Despite the concerns, Waymo expressed pride in its safety record and commitment to transparency, and will continue collaborating with NHTSA.
Full articleSummary: Tesla offered a free trial of its Full Self-Driving package to its owners in North America but only about 2% ended up purchasing it. The price was slashed from $12,000 to $8,000 or $99 per month for the subscription model, contrary to Elon Musk's previous statements. The data indicates that the take rate hasn't significantly improved despite the new v12 version of the system.
Full articleSummary: Bank of America Corporation (NYSE:BAC) is a popular dividend paying stock with a yield of 3.0% and a history of over 10 years of dividend payments. The company has a low payout ratio, stable dividend growth, and strong earnings per share growth over the past five years.
Full articleSummary: Meta is improving visibility for games published through its early access distribution channel App Lab on the Store, blurring the barrier between the Main Store and App Lab to provide a level playing field for smaller studios. App Lab games will now have their own section in the store and will be more visible in search results.
Full articleSummary: Microsoft has purchased an additional 32 acres of land in Mount Pleasant as part of its ongoing data center development projects.
Full articleSummary: Federal Reserve Chairman Jerome Powell expressed optimism about the US economy's performance, highlighting strong labor market and household financial health. He noted continued strength in consumer spending and business investment despite ongoing labor shortages. However, inflation remains a concern.
Full articleSummary: United Parcel Service (UPS) reported quarterly earnings of $3.06 per share, beating estimates by 11.27% and showing a positive earnings surprise consistently over the last four quarters. The company also exceeded revenue expectations by 1.47%. Despite a mixed estimate revisions trend, UPS currently holds a Zacks Rank #3 (Hold) with expectations to perform in line with the market.
Full articleSummary: Gunjan Kedia has been named as the president of U.S. Bancorp, bringing her extensive financial services experience to oversee the company's business lines and focus on growth, client experiences, and diversity efforts.
Full articleSummary: NASA has delayed the launch of the Boeing Starliner to May 21 due to a small helium leak in the spacecraft's service module.
Full articleSummary: Swiss tobacco giant Philip Morris International (PMI) faced controversy for its entry into Egypt's tobacco market through a questionable and secretive tender process, raising concerns about transparency and fairness. PMI's involvement in United Tobacco, alongside undisclosed entities, and its history of accusations involving unethical behaviors and lack of transparency further add to the apprehensions.
Full articleSummary: Chevron topped Tesla as the most-shorted stock in Hazeltree’s April report, with short sellers' interest in Chevron growing from 7% to 9%, resulting in a $500 million increase in shorting activity. Despite this, Tesla had a strong performance in April, gaining 4% and experiencing a 29% surge post its Q1 2024 Earnings Call, with approval for Full Self-Driving operation in China also contributing to a 14% increase in shares on April 29.
Full articleSummary: Bank of America analyst Koji Ikeda recommends investing in GitLab, citing the company's rich platform and focus on AI to capitalize on the increasing digital experiences being created. Despite a 15% drop this year, Ikeda maintains a buy rating with a $85 price target, implying 60% upside.
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