Summary: General Electric Company (GE) stock price witnessed a slight dip of -2.37% in the current trading session but has shown a remarkable Year-To-Date increase of +56.70%. Recent financial activity includes a price target increase to $175.00, investments by AGF Management Ltd., and insider trading. Baptista Research analysts highlight positive performance with significant progress, especially in the aerospace and Vernova divisions. The Smartkarma Smart Scores indicate high scores in Growth and Momentum for GE, positioning the company well for future success.
Full articleSummary: JPMorgan Chase pushes back against ISS recommendations on severance payouts and separation of CEO and board chair roles, plans to split roles when current CEO Jamie Dimon steps down. Proxy advisers also urge for separating CEO and chairman roles at other financial institutions for better governance. JPMorgan defends its current policies on senior management payouts.
Full articleSummary: Apple has unveiled the latest iPad Pro model with new features like OLED display technology, larger screen size, M4 chipset, and cosmetic tweaks, making it the thinnest product by Apple. However, some critics believe the updates are not groundbreaking and the new processor seems underutilized.
Full articleSummary: Costco (COST) stock reached $775.15 with a -1.53% movement, outperforming Retail-Wholesale sector and S&P 500. The company is forecasted to report an EPS of $3.69, with consensus of $58 billion revenue. Costco holds a Zacks Rank of #3 (Hold) and its industry rank is in the top 24%.
Full articleSummary: Salesforce.com (CRM) outperformed the S&P 500 in the recent trading session, with upcoming earnings report projections showing positive growth in earnings and revenue. The company holds a Zacks Rank of #2 (Buy) and is currently trading at a discounted Forward P/E ratio compared to its industry average.
Full articleSummary: FedEx Corp posted a 7% drop in quarterly profit and cut its full-year forecast due to labor shortages. The company's Ground network faced challenges with rerouting packages and increased costs. FedEx also lowered its full-year earnings forecast amidst competition with UPS and Amazon.
Full articleSummary: Broadcom Inc. (AVGO) ended the recent trading session at $1,337.51, demonstrating a +0.35% swing from the preceding day's closing price. The chipmaker experienced a loss of 0.84% over the previous month, trailing the performance of the Computer and Technology sector. Broadcom Inc. is forecasted to report an EPS of $10.70 and revenue of $11.94 billion in its upcoming earnings report on June 12, 2024. The Zacks Rank for Broadcom Inc. is #3 (Hold), and it is currently trading at a Forward P/E ratio of 28.39, indicating a discount in comparison to the industry average.
Full articleSummary: Oracle's shares closed slightly down compared to the previous trading session. The upcoming earnings disclosure anticipates a decrease in EPS but an increase in revenue. Analysts suggest being watchful of Oracle's stock prices in correlation with estimate changes. Oracle is currently trading at a discount compared to its industry with a Forward P/E ratio of 20.9.
Full articleSummary: Fed is expected to cut its key interest rate twice this year, with nearly two-thirds of economists predicting the first reduction in September. Economists raised their inflation forecasts, but some doubts remain about the Fed's moves this year.
Full articleSummary: Major global banks like JPMorgan Chase and Wells Fargo disclosed holdings in spot bitcoin exchange-traded funds, Jack Dorsey predicts bitcoin price could reach $1 million by 2030, Retail trader Roaring Kitty triggers surge in meme coin prices.
Full articleSummary: Major banks like Wells Fargo and JPMorgan Chase disclosed holdings in spot bitcoin exchange-traded funds. Jack Dorsey of Twitter predicts bitcoin reaching $1 million by 2030. Retail trader 'Roaring Kitty' leads surge in meme coin prices after returning to social media.
Full articleSummary: Apple has released updates for all actively supported devices including security updates, new features for Apple News+ subscribers, and Cross-Platform Tracking Protection. Older operating systems also received security-only updates to stay current.
Full articleSummary: Intel stock rose more than 2% following the appointment of a new head, Kevin O'Buckley, for its foundry services unit. O'Buckley's extensive experience in the semiconductor industry is expected to boost Intel's position in AI chips.
Full articleSummary: Environmental groups release a report showing global banks continue to finance fossil fuel companies, despite slight decrease in funding since 2021. Top financier JPMorgan Chase actually increased its commitments to fossil fuel businesses. Advocacy groups planning protests on Wall Street to pressure banks to stop financing fossil fuels.
Full articleSummary: Terran Orbital has been awarded a Lockheed Martin sub-contract to produce 18 satellite buses for the Space Development Agency project.
Full articleSummary: The market saw mixed performance, with meme stocks like Gamestop (GME) surging after Roaring Kitty's social media activity, indicating revived interest in meme stocks. Despite the Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) showing minor declines, the Nasdaq Composite (^IXIC) ended 0.29% higher. The sentiment is somewhat bullish towards meme stocks like Gamestop and AMC, with potential spillover into other stocks.
Full articleSummary: Equities research analysts at Zacks Research raised their Q2 2024 earnings per share estimates for Union Pacific. They now forecast earnings of $2.70 per share for the quarter.
Full articleSummary: Eli Lilly (LLY) closed slightly down in the latest trading session, trailing the market performance. Prior to today's trading, LLY's stock had shown positive momentum. Analysts are optimistic about the upcoming earnings report, expecting growth in both EPS and revenue. Changes in analyst estimates for Eli Lilly are noted, with positive revisions indicating positive sentiment.
Full articleSummary: A study published in Science Advances shows that Coca-Cola, PepsiCo, and Nestlé are among the major contributors to global plastic pollution, with a direct correlation between their annual plastic production and branded plastic waste. Hemp bioplastics are being considered as a sustainable alternative to traditional plastics due to their biodegradability and reduced environmental impact.
Full articleSummary: Intel Corp. announced Kevin O’Buckley as the new head of its foundry division, succeeding Stu Pann. The appointment is part of Intel's ambitious turnaround plan to compete in the foundry business and upgrade its technology.
Full articleSummary: Bristol Myers Squibb reported a phase 3 trial failure to find progression-free survival in lung cancer patients who were treated with Opdivo and Yervoy or Opdivo alone with concurrent chemoradiotherapy.
Full articleSummary: GameStop and other meme stocks like AMC Entertainment saw significant gains, overshadowing mixed performance in the broader stock market where the Dow Jones ended an eight-day winning streak.
Full articleSummary: Salesforce Chair and CEO, Marc Benioff, reported selling 15,000 shares of common stock for a total of $4,148,901.
Full articleSummary: A study reveals major corporations like Coca-Cola, PepsiCo, and Nestlé are responsible for over half of global plastic pollution, leading to concerns about environmental impact and human health risks. Sustainable alternatives like hemp bioplastics are being considered as a solution to reduce plastic waste.
Full articleSummary: Principal Financial Group Inc. reduced its position in United Parcel Service, Inc. by 1.0% in the 4th quarter, according to its most recent filing with the SEC. Institutional investors and hedge funds made changes to their positions in UPS as well. United Parcel Service announced a quarterly dividend, and analysts set new price targets for the stock.
Full articleSummary: CEO Marc Benioff sold a significant amount of Salesforce shares in multiple transactions. Salesforce also declared a quarterly dividend. Institutional investors have been modifying their holdings in the company. Wall Street analysts have issued various ratings on Salesforce stock.
Full articleSummary: Principal Financial Group Inc. raised its holdings in Danaher Co. by 7.5% during the fourth quarter and other institutional investors also recently bought and sold shares. Danaher reported earnings per share above analysts' estimates, with a net margin of 16.78% and a return on equity of 11.43%. A number of brokerages have provided ratings and price targets for Danaher, with a consensus rating of 'Moderate Buy'. Insider buying and selling activities were reported in the company.
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