Summary: Shiba Inu ($SHIB) is now accepted by major brands like Airbnb and Nike, as well as various NFT marketplaces, following its integration with Polygon and Binance Smart Chain in partnership with CoinGate.
Full articleSummary: Chevron (CVX) stock has shown positive performance compared to S&P 500, with an increase in share value over the last month. The company is expected to post strong earnings estimates for the current and next fiscal years, and it is rated Zacks Rank #3 (Hold). Valuation metrics indicate Chevron is trading at a discount to its peers.
Full articleSummary: Colgate-Palmolive reported a 20 per cent jump in consolidated net profit for the Jan-March quarter of 2023-24, with total sales rising 10.35 per cent. The company announced a second interim dividend of Rs 26 per share and a special one-time interim dividend of Rs 10 per share for 2023-24.
Full articleSummary: Newmark Group Inc, Emerson Electric Co., and IDEX Corporation will trade ex-dividend on 5/16/24 with upcoming dividend payments. NMRK, EMR, and IEX will pay quarterly dividends of $0.03, $0.525, and $0.69 respectively. The dividends will result in NMRK opening 0.30% lower, EMR opening 0.46% lower, and IEX opening 0.31% lower when trading resumes.
Full articleSummary: Nike has selected Las Vegas Aces center A’ja Wilson as part of its signature shoe athletes, releasing a premiere product designed for performance and style. Wilson's collection includes women’s, men’s, and children’s sizing set to launch in 2025 at selected retailers.
Full articleSummary: Federal Reserve Chair Jerome Powell's first public address since the FOMC meeting where interest rates were kept steady. Markets still expect rate cuts later this year due to concerns over inflation and elevated consumer sentiment.
Full articleSummary: Colgate-Palmolive announced a second interim dividend of Rs 26 per equity share for FY24, along with a special dividend of Rs 10 per share, bringing the total dividend to Rs 36 per share. The company also reported a 20.1% increase in profit after tax for the fourth quarter of March 31, 2024.
Full articleSummary: Caterpillar (CAT) has been oversold with heavy selling pressure causing a decline of 8.9% in the past four weeks. However, there are indications of a potential turnaround as its RSI reading is 27.88 and Wall Street analysts predict better earnings ahead.
Full articleSummary: Comcast CEO Brian Roberts has unveiled plans for a new streaming product bundle called StreamSaver that will include Peacock, Netflix, and Apple TV+ at a reduced price for Comcast subscribers. The pricing is yet to be determined.
Full articleSummary: Cisco Systems, Inc. (CSCO) is expected to report lower earnings and revenue for the third quarter, but the company has a history of beating estimates. Recent developments include new launches and acquisitions aimed at innovation and customer-centricity. The company also offers an attractive dividend and has solid financials. Analysts foresee favorable annual estimates and outstanding profitability metrics. POWR Ratings show promise with an overall B rating, signaling a Buy in the rating system.
Full articleSummary: OpenAI's AI chatbot, ChatGPT, has become wildly popular with 100 million users within a couple of months since its release, and its latest model, GPT-4o, is expected to further enhance the user experience by allowing real-time interactions via voice and video.
Full articleSummary: Alphabet is expected to announce advancements in artificial intelligence at its annual I/O developer event, showcasing new technology that includes working with sound, images, and text. OpenAI also demonstrated a new multimodal AI model called GPT-4o that enables realistic voice conversations. Google teased software with advanced AI capabilities on the eve of the event.
Full articleSummary: Home Depot missed sales expectations and reported lower revenue for the quarter. Despite declining customer transactions and comparable sales, the company reaffirmed its fiscal year targets.
Full articleSummary: Alphabet is expected to focus on its latest artificial intelligence (A.I.) innovations at its annual developer conference, following the unveiling of a new A.I. model by rival OpenAI.
Full articleSummary: RTX Corp (RTX) rates highest using the Growth Investor model based on the published strategy of Martin Zweig, looking for growth stocks with accelerating earnings and sales growth, reasonable valuations, and low debt.
Full articleSummary: Intel reported Q3 earnings and revenue that beat analysts' expectations, raised its guidance, and increased its share buyback program. Shares rose 7.5% in after-hours trading.
Full articleSummary: Oracle Hospitality has signed an agreement with Choice Hotels International to extend its AI-powered merchandising solution Oracle Nor1 to upscale hotels, enabling personalized guest experiences and revenue opportunities through upselling. Properties using Nor1 eStandby Upgrade saw a 17% uptick in upsell revenue per transaction over booked rates. Nor1 eStandby will now be available across Choice's upscale hotels including Radisson Blu, Radisson, Cambria, the Ascend Collection, and others.
Full articleSummary: Kraft Heinz is exploring the sale of its Oscar Mayer brand for $3bn to $5bn, aiming to reposition its brand portfolio towards healthier options to improve stock performance.
Full articleSummary: The Bank of New York Mellon Corporation has a 'buy' consensus rating from 15 analysts with a mean target price of $64.50, implying a potential upside of 10.4%. The company's businesses are divided into three segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. Other details include a 50 day MA of $56.39, a 200 day MA of $50.10, a market cap of $43.26B, and a P/E ratio of 14.5.
Full articleSummary: ExxonMobil commemorated a 30-year partnership milestone with Mercedes-Benz India, highlighting collaboration in developing and supplying synthetic motor oils for luxury cars. ExxonMobil also invested in a lubricant-manufacturing plant in Maharashtra and emphasized Mobil 1™ as a trusted synthetic motor oil brand globally.
Full articleSummary: Home Depot (HD) reported a decline in revenue and same-store sales, impacted by delayed spring and weak demand for larger DIY projects due to higher interest rates. The company saw growth in certain departments but faced challenges in overall consumer demand in the home improvement sector.
Full articleSummary: Apple releases software updates including iOS 17.5, macOS Sonoma 14.5, and watchOS 10.5 with various new features and bug fixes.
Full articleSummary: Akeyless Security has made their Vaultless Platform available on Microsoft Azure Marketplace to help customers manage and protect sensitive information. They have achieved 'Azure benefit eligible' status and 'IP Co-Sell Ready' status, enabling them to reach a wider customer base and assist in retiring Azure Consumption Commitments. Akeyless also provides a comprehensive set of use cases within the Azure portal.
Full articleSummary: Medtronic announced new data from a head-to-head trial of heart valve technology with Edwards Lifesciences, showcasing the benefits of its Evolut transcatheter aortic valve replacement system for women with aortic stenosis and small aortic annuli.
Full articleSummary: Salesforce is set to release education-specific AI tools such as Intelligent Degree Planning and Skills Generator to improve student services and learning outcomes. These tools are part of Salesforce's GenAI push into vertical industries to streamline recruitment processes and personalize student onboarding.
Full articleSummary: Institutions holding 71% of Citigroup shares signifies significant influence over the company's share price. Top 25 shareholders own 44% of the company. Institutional ownership is considered a vote of confidence in Citigroup's future.
Full articleSummary: Google is set to release its Pixel 8a handset, highlighting design aspects, power capabilities, and display upgrades.
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