Summary: Chevron topped the Americas large-cap list for most shorted stocks in April, ousting Tesla from the top spot. LVMH and Toyota continued to be the top shorted large-cap stocks in EMEA and APAC regions, respectively. The Hazeltree Shortside Crowdedness Report tracks shorting activity in large-, mid-, and small-cap securities across different regions.
Full articleSummary: Oracle has been named a Leader in the 2024 Gartner Magic Quadrant for Warehouse Management Systems for the ninth consecutive year based on its Ability to Execute and Completeness of Vision. Oracle Warehouse Management, part of Oracle Fusion Cloud Supply Chain and Manufacturing, provides a single platform for organizations to manage all warehouse management and fulfillment in the cloud. Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions.
Full articleSummary: General Dynamics Co. VP Mark Lagrand Burns sold 6,016 shares of the company's stock, while the company also announced an increase in dividend. Analysts have set new price targets, with consensus being a 'Moderate Buy'.
Full articleSummary: Chevron surpasses Tesla as the most shorted U.S. stock in April according to Hazeltree report. Short-sellers increased bets on Chevron due to weak energy prices. Despite beating Wall Street estimates, Chevron faces challenges from weak energy prices and refining margins.
Full articleSummary: Alphabet (GOOG) stock rally is losing momentum amid fears of a sell-off as rumors regarding OpenAI's AI-powered search engine impact shares. An overreaction could lead to a moderate pullback, providing a buying opportunity. Investor sentiment is somewhat bearish on GOOG.
Full articleSummary: Wells Fargo upgraded Nexstar Media Group's outlook from Equal-Weight to Overweight, with an Analyst Price Forecast suggesting 18.92% upside. Projected annual revenue for the company is 5,931MM, an increase of 19.58%.
Full articleSummary: Charles Schwab Investment Management Inc. reduced its position in American Airlines Group by 2.0% in the fourth quarter, while other institutional investors also made changes to their positions in the company. American Airlines Group reported its quarterly earnings results with a net margin of 0.94% and a negative return on equity of 31.65%. Various analysts have given ratings to the stock, with an average rating of 'Moderate Buy' and a consensus price target of $17.62.
Full articleSummary: Dell's next-gen laptops will incorporate Intel's Panther Lake, Nova Lake & upcoming Snapdragon X chips, with leaked documents revealing release schedules and specifications for upcoming CPUs, GPUs, and laptops.
Full articleSummary: Home Depot (HD) announced better-than-expected Q1 earnings but revenue below expectations. The company reaffirmed 2024 guidance. HD stock edged lower early Tuesday.
Full articleSummary: Starbucks is suggested to need a new CEO as Brittain Ladd criticizes the current CEO Laxman Narasimhan for being a Servant Leader and lacking the qualities of a Charismatic, Transformational, and Democratic leader. Former Walmart executive Marc Lore is proposed as the ideal CEO for Starbucks.
Full articleSummary: Anglo American received a new offer from BHP which was rejected, Insimbi Industrial surged on hints of major corporate activity, Booking.com among tech giants facing tougher EU competition rules.
Full articleSummary: The Home Depot reported a decrease in sales and net earnings for the first quarter of fiscal 2024 compared to the same period in fiscal 2023. The company reaffirmed its fiscal 2024 guidance with expectations of total sales growth, comparable sales decline, new store openings, gross margin, operating margin, and diluted earnings per share growth.
Full articleSummary: Nike is set to re-release the Nike Dunk Low ‘City Attack’ this summer, making it available through various channels worldwide.
Full articleSummary: Oracle Hospitality announced an agreement with Choice Hotels International to extend its AI-powered merchandising solution Oracle Nor1 to upscale hotels to help increase revenue opportunities through targeted offers and personalized experiences for guests.
Full articleSummary: Oracle Hospitality has extended its AI-powered merchandising solution, Oracle Nor1, to Choice Hotels International to help them increase revenue via upselling. Choice Hotels' properties using Nor1 eStandby Upgrade saw a 17% uptick in upsell revenue per transaction. The solution will now be available across Choice's upscale hotels, offering personalized guest experiences and maximizing profitability.
Full articleSummary: Danaher (DHR) reported quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate. The company also surpassed revenue estimates. The current earnings outlook is favorable and the Zacks Rank for Danaher is #2 (Buy), indicating expected outperformance in the near future.
Full articleSummary: Federal auto-safety regulators are investigating Waymo, Google parent Alphabet's self-driving car unit, following 22 reported incidents involving its automated driving system.
Full articleSummary: QatarEnergy and ExxonMobil signed a framework agreement to acquire two offshore exploration sites off Egypt’s coast.
Full articleSummary: Philip Morris ČR a.s. announced the results of its ordinary general meeting, including the approval of various resolutions such as the election of officials, approval of financial statements, distribution of profits, and agreements on board member performance. The meeting achieved high voter turnouts for each agenda point.
Full articleSummary: Payment of dividends for the year 2023 by Philip Morris ČR a.s. approved at CZK 1,220 per share before tax. Dividend payments to shareholders from 17 June 2024. Payment methods include wireless transfers and online dividend payout via bank identity.
Full articleSummary: Pharmaceutical industry is experiencing growth in weight-loss medicine with Novo Nordisk and Eli Lilly leading the way. Lilly made an acquisition of an injectable manufacturing facility from Nexus Pharmaceuticals to meet the increasing demand for GLP-1 medications like Mounjaro and Zepbound. Despite the new facility not being operational until the end of 2025, the move is seen as a strategic step towards long-term sustained growth.
Full articleSummary: Sanofi, Pfizer, and AstraZeneca have committed a total of €2.5bn to biomanufacturing projects in France as part of a wider €15bn investment from various companies including GSK, Amazon, and Microsoft ahead of the Choose France summit. The investments aim to boost manufacturing, R&D capabilities, and production of medicines for chronic diseases.
Full articleSummary: Pfizer Inc has been named as a Top 25 ''Dividend Giant'' by ETF Channel with $20.48B worth of stock held by ETFs and favorable statistics, including a strong 5.91% yield and a strong quarterly dividend history. The company's annualized dividend paid is $1.68/share.
Full articleSummary: BridgeBio Pharma, Inc. announced that members of its management team will present at the Bank of America Merrill Lynch Global Healthcare Conference 2024.
Full articleSummary: Analysts at Wells Fargo believe the S&P 500 pullback may provide a 'great' rebalancing opportunity, especially for rate-sensitive areas like U.S. Small Cap Equities.
Full articleSummary: Charles Schwab Investment Management Inc. increased its stake in Owens Corning by 0.5% in the 4th quarter according to its recent SEC filing, while several other institutional investors also modified their holdings. Insider activity includes stock sales by executives and insiders. Owens Corning stock closed down 0.7%.
Full articleSummary: Meta Platforms is exploring making earphones powered by artificial intelligence with cameras to identify objects and translate foreign languages.
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