Summary: Kraft Heinz is exploring a potential sale of its Oscar Mayer business, including hot dogs, bacon, and ham, which could bring in between $3bn and $5bn. The company hired financial advisors to work on the process, aiming to gauge interest from potential buyers such as private-equity firms or other food companies.
Full articleSummary: Review comparing different budget GPUs like AMD RX 7600, Intel Arc A770, Nvidia RTX 3070, AMD RX 6800, and AMD RX 7700 XT to the RTX 4060, highlighting their performance, features, and pricing.
Full articleSummary: American Tower (NYSE:AMT) has earned a consensus rating of 'Moderate Buy' from analysts, with majority recommending a buy. Average 12-month price target is $221.91. Insiders have sold shares recently, and large investors have adjusted their stakes. AMT stock is up 0.3%. Quarterly earnings missed estimates, and the company reduced dividend payout ratio.
Full articleSummary: Honeywell and Weatherford have joined forces to offer a complete emissions management solution for the oil and gas industries. The partnership combines Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform, providing customers with an effective tool to track, report, and take action to reduce greenhouse gas emissions, flammable hydrocarbons, and other potentially harmful and toxic gases.
Full articleSummary: Bank of America analyst recommends keeping an eye on GitLab, emphasizing the company's importance to developers and focus on AI. Despite a 15% drop this year, analyst maintains buy rating and $85 price target, implying 60% upside potential. Key growth drivers include initiatives beyond developers and expanding offerings for non-technical users.
Full articleSummary: Colgate-Palmolive India reported positive Q4FY24 results with growth in consolidated net profit, total sales, and EBITDA. The company announced a Second Interim Dividend and a special one-time interim dividend due to outstanding performance in FY 2023-24. Colgate remains optimistic about market recovery and future growth.
Full articleSummary: Tesla's future of Supercharging is uncertain due to CEO Elon Musk's disbanding of the Supercharging team, resulting in around 500 layoffs. The decision has raised concerns about the future of Tesla's EV charging system, which is one of the largest in the world. Tesla plans to continue growing the Supercharger network but at a slower pace.
Full articleSummary: Chevron (CVX) became the most shorted U.S. stock in April, surpassing Tesla (TSLA), due to a bet on continued decline in energy prices. Short positions on Chevron rose to 9% from 7% the previous month as crude oil prices slumped throughout April. The company reported first-quarter results below Wall Street forecasts, attributed to weak energy prices and compressed refining margins.
Full articleSummary: Chevron (CVX) became the most shorted U.S. stock in April as Wall Street bets on a decline in energy prices, surpassing Tesla. Chevron's short positions rose to 9% in April from 7% the prior month. The company reported first-quarter results below Wall Street expectations due to weak energy prices and compressed refining margins.
Full articleSummary: Costco Wholesale investors had a good week with shares gaining roughly $40 in value after reporting strong e-commerce sales in April. Analysts predict Costco shares could reach $840 apiece within a year, despite a sequential slowdown in comparable sales growth. However, some caution against buying Costco stock at its current price due to high valuation multiples.
Full articleSummary: Skechers and John Deere have partnered to launch a co-branded footwear collection designed for agricultural professionals, construction workers, outdoor enthusiasts, and trendsetters, to be available in July 2024.
Full articleSummary: Target Corp. is facing a class action lawsuit for allegedly using hidden spy pixel trackers in its emails to collect sensitive information from subscribers without consent.
Full articleSummary: Dow advanced to the #3 placement on the Fair360 2024 Top 50 Companies list and remains in the top 10 for the second consecutive year, highlighting its commitment to various key areas such as leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.
Full articleSummary: Charles Schwab's Smart Scores indicate a promising long-term outlook with solid overall performance. The company excels in Momentum, Growth, and Resilience, while Value and Dividend scores are not as high but the overall outlook remains positive.
Full articleSummary: The Charles Schwab Corporation released its Monthly Activity Report for April 2024, reporting total net new assets of $10.0 billion brought to the company by clients, total client assets of $8.85 trillion as of April 2024, and completion of the final Ameritrade client conversion.
Full articleSummary: Costco Wholesale Corporation (NASDAQ: COST) had a positive week with shares gaining around $40 in value after reporting strong e-commerce sales in April. Analyst predicts shares will reach $840 within a year despite some concerns about inflationary pressures. New-store growth is expected to drive sales and earnings growth in the future.
Full articleSummary: Some investors view tech stocks, including Nvidia, Amazon, and Meta Platforms, as a hedge against inflation, alongside traditional assets like gold. The survey shows that major tech companies are gaining confidence from investors as a source of consistent gains despite concerns about rising prices and inflation.
Full articleSummary: MainStay CBRE Global Infrastructure Megatrends Term Fund announced monthly distributions for May 2024. The Fund's current annualized distribution rate is 11.38% based on the closing price and 9.91% based on NAV as of May 10, 2024. The Fund's distribution is set by its Board of Trustees reviewing net investment income, realized/unrealized gains, and expected appreciation/income.
Full articleSummary: TEVET, a leader in test and measurement equipment, announces a strategic partnership with Raytheon, under the DoD's Mentor-Protégé Program, focusing on Radar, EMSO, and Radio Communications systems to drive advancements in Aerospace and Defense sector.
Full articleSummary: Costco is offering various discounts on products like Nutribullet blender, Ninja coffee maker, Dunkin' & Peet's K-Cup pods, Snapware Pyrex food storage set, Maison Perrier Sparkling Water, Spindrift Sparkling Water, Gatorade, Crazy Cuizine Mandarin Orange Chicken, Amylu Caramelized Onion & White Cheddar Chicken Burgers, Kind Nut Bars, Chobani Flip Greek Yogurt, GoGo SqueeZ Applesauce, Snack Factory Pretzel Crisps, and Cheez-It.
Full articleSummary: Charles Schwab Corp. reported a decrease in transactional sweep cash and total client assets in April due to client tax disbursements and seasonal advisory fee payments, although total client assets rose from the previous year. Total net new assets in April were $10 billion, with core net new assets totaling $1 billion. The stock of Charles Schwab was up by 0.4% in premarket trading.
Full articleSummary: Honeywell is looking for an Inside Account Manager for their Building Solutions division in the US and Canada. The position involves developing and maintaining relationships with service customers, generating sales, and demonstrating strategic approach to existing customers. The ideal candidate should have sales or account management experience in a B2B environment and be capable of exceeding quota-carrying goals.
Full articleSummary: Disney announces opening date for Tiana's Bayou Adventure ride at Magic Kingdom, featuring new animatronic figures and reimagined theme.
Full articleSummary: Argus maintains a Buy rating on Eli Lilly & Co. (NYSE:LLY) and increases its shares target to $840 from $770 due to successful sales of antidiabetic drug Mounjaro and new obesity medication Zepbound, both based on tirzepatide. The company's achievements include positive Phase 3 results for tirzepatide in treating obstructive sleep apnea and exploring tirzepatide for other conditions. Eli Lilly's progress in its drug development pipeline, notably with lebrikizumab, indicates significant growth potential. The new price target of $840 suggests a 12% potential return from current stock price levels.
Full articleSummary: BlackRock Smaller Companies (BRSC) outperformed the benchmark, with NAV total return of -3.6%, a positive share return of -0.8%. Key contributors include 4imprint Group, Ashtead Technology, and Ten Entertainment Group. Losses from Watches of Switzerland, CAB Payments, and Team17 were noted. 2023 saw an influx of 'fallen angels' in benchmark. Outlook remains positive with focus on consumer, industrials, and financial sectors.
Full articleSummary: Comcast will launch a three-way streaming bundle, StreamSaver, with Peacock, Netflix, and Apple TV+ at a discounted price to boost value for consumers and compete with other streaming services. The package aims to reduce churn rates in the cable TV business.
Full articleSummary: Costco (COST) stock reached $775.15, gained 7.64% in the previous month, and is expected to announce earnings on May 30, 2024. Analysts forecast an EPS of $3.69 and revenue of $58 billion for the quarter. Costco holds a Zacks Rank of #3 (Hold) and is trading at a premium with a Forward P/E ratio of 49.07 and a PEG ratio of 5.18.
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