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AI Market Mood: News Summary Dashboard

Microsoft set to face EU competition charges over Teams software - The Irish Times somewhat bearish
MSFT

Summary: The European Union is set to issue new antitrust charges against Microsoft over concerns of undermining rivals in the videoconferencing app market. Microsoft faces fines of up to 10% of its global annual turnover if found guilty.

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2024-05-13T21:17:37Z
Chevron director Hernandez sells over $421 k in company stock - Investing.com somewhat bearish
CVX

Summary: Enrique Hernandez Jr., a director at Chevron Corp, sold 2,549 shares of the company's common stock totaling approximately $421,206, adjusting his holdings to zero shares directly. The sale does not indicate a shift in the company's performance or future outlook.

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2024-05-13T21:16:47Z
Home Depot (HD) Reacted from the Blue Box Looking for more Downside somewhat bearish
HD

Summary: Home Depot (HD) stock price is expected to continue falling in the near term based on the Elliott Wave Principle analysis. The correction is not yet complete, with further downside expected before a potential upside move.

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2024-05-13T21:14:01Z
Countdown to Nvidia earnings and Arm Holdings setting up an AI chip unit - CNBC neutral
NVDA

Summary: ARM Holdings is setting up an AI chip unit ahead of Nvidia earnings.

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2024-05-13T21:12:07Z
Bitcoin traders expect Fed Chair Powell to 'pump our bags' and BTC to target $80K+ somewhat bullish
BTC

Summary: Bitcoin (BTC) price rose 3% on May 13 as traders anticipated volatility ahead of U.S. macroeconomic data update. Factors like inflation data, interest rate forecasts, and historical patterns with Coinbase Premium Index were discussed by analysts.

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2024-05-13T21:09:31Z
Home Depot sued for $5 million over claims it exaggerated discounts on its website somewhat bearish
HD

Summary: Home Depot faces a class-action lawsuit for allegedly inflating original prices to exaggerate discounts on products like refrigerators, microwaves, and dishwashers. The plaintiffs seek $5 million in damages to be shared among misled consumers.

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2024-05-13T21:07:55Z
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists somewhat bearish
CVS

Summary: CVS Health Corp slightly hedges its long-term target for double-digit earnings growth due to uncertainties around COVID-19 vaccination, testing demand, and medical costs, including a rise in 2021 medical costs. Despite challenges, the company sees potential growth from pharmacy services and health insurance products in 2022.

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2024-05-13T21:07:47Z
Medtronic in the headlines: 3 notes - Becker's Spine Review neutral
MDT

Summary: Medtronic lays off 44 employees, earns FDA approval for Inceptiv spinal cord stimulator, and appoints Yarmela Pavlovic as chief regulatory officer.

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2024-05-13T21:07:14Z
The U.S. stock caterpillar is called the "Apple" of the heavy machinery industry ... - 매일경제 somewhat bullish
CAT

Summary: Caterpillar is compared to Apple in terms of market capitalization and profitability. Despite competition, Caterpillar is expanding its market share and increasing dividends. Wall Street recommends holding Caterpillar for portfolio diversification, anticipating good performance in power, infrastructure, and machine construction sectors.

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2024-05-13T21:05:54Z
Terran Orbital is Awarded Subcontract by Lockheed Martin for SDA's Tranche 2 Tracking Layer somewhat bullish
LLAP

Summary: Terran Orbital Corporation has been awarded a subcontract by Lockheed Martin to produce 18 satellite buses for the Space Development Agency's Tranche 2 Tracking Layer contract. This partnership signifies confidence in Terran Orbital's capabilities and aims to enhance warfighter lethality and missile defense capabilities.

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2024-05-13T21:05:32Z
Apple TV+ Is Pitching a New Compensation Model for Creators — Report - IndieWire somewhat bullish
AAPL NFLX AMZN

Summary: Apple has proposed a new compensation model for creators on Apple TV+ which would pay them based on the program's performance rather than upfront premium, including bonuses based on viewership, watch time, and cost-effectiveness. Netflix and Amazon are also working on similar proposals. The changes come after the writers strike highlighted issues with the traditional payment model in Hollywood for streaming content.

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2024-05-13T21:03:59Z
Dow Drops 81, Nasdaq Rises 47, S&P Slips 1 - TV News Check somewhat bearish
INCY GME FTHP

Summary: U.S. stock indexes closed mixed, with S&P 500 slightly down while Dow Jones and Nasdaq had minor gains. Incyte rose after announcing a $2 billion stock buyback, while GameStop soared 74.4% amid volatile trading. Fortrea Holdings fell 14.9% due to weaker-than-expected results.

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2024-05-13T21:03:40Z
Coca-Cola Europacific Partners (NASDAQ:CCEP) Hits New 1-Year High at $74.56 very bullish
CCEP

Summary: Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) hit a new 52-week high with share price reaching $74.56 during mid-day trading. Several research firms upgraded their ratings and increased price targets for the stock. The company also announced a semi-annual dividend of $0.79 per share.

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2024-05-13T21:03:21Z
Could Costco's $1.50 Hot Dog Combo Go Away? - The Motley Fool somewhat bearish
COST

Summary: Costco's iconic $1.50 hot dog combo, a staple for almost 40 years, is no longer guaranteed to remain at that price due to recent changes in leadership. Costco's CFO mentioning a potential price increase and other upcoming changes signal shifts in the company's offerings, including membership fee hikes and stricter membership rules.

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2024-05-13T21:00:46Z
Intel in talks with Apollo for $11bn chip plant in Ireland - Silicon Republic somewhat bearish
INTC

Summary: Intel is in talks to receive more than $11bn from Apollo Global Management to build a new chip factory in Ireland, aiming to expand globally and meet increased semiconductor demand. The company has experienced disappointing earnings forecasts and operating losses in its foundry business, but is striving to stay competitive with new AI chips like Gaudi 3.

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2024-05-13T20:58:51Z
HP Partners With Google To Bring Project Starline out of the Lab and Into the Workplace somewhat bullish
GOOGL HPQ

Summary: Google and HP are partnering to commercialize Project Starline, a communication technology offering a realistic meeting experience through AI and 3D imaging.

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2024-05-13T20:58:47Z
Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' - Investing.com UK somewhat bullish
HD NYSE:LOW

Summary: Home Depot Inc is set to report its first-quarter financial results with analysts expecting a year-over-year decline in revenue but a rise in earnings per share. Analysts are optimistic about the company's position for share gains, especially in the professional customer segment. Various price targets have been set by different analysts, with a range of ratings from Buy to Market Perform. Key items to watch include the performance of the home improvement market and the company's growth in professional sales.

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2024-05-13T20:56:14Z
Former Diversity Program Manager at Facebook and Nike Sentenced to Federal Prison for ... somewhat bearish
META

Summary: Barbara Furlow-Smiles, a former diversity program manager at Facebook and Nike, has been sentenced to five years and three months in prison for stealing more than $5 million through an elaborate scheme involving fraudulent vendors, fictitious paperwork, and cash kickbacks.

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2024-05-13T20:54:18Z
BlackRock warns weak yen deters foreigners from Japan stocks somewhat bearish
JPYUSD ^N225 ^GSPC ^HSI

Summary: The yen's weakness is discouraging foreign investors from Japanese stocks due to diminished gains when converted back to dollars.

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2024-05-13T20:52:42Z
New GPT-4o AI model is faster and free for all users, OpenAI announces - The Guardian neutral
AAPL

Summary: OpenAI launched its new flagship AI model, GPT-4o, with updates including a desktop service and improved voice assistant capabilities. The company also showcased international language capabilities of ChatGPT, ability to analyze images and documents, and advanced voice features.

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2024-05-13T20:51:52Z
Bank of America Securities Keeps Their Sell Rating on Nevro Corp (NVRO) | Markets Insider neutral
NVRO

Summary: Bank of America Securities analyst maintained a Sell rating on Nevro Corp. Steed has an average return of 6.7% on recommended stocks. Analyst consensus on Nevro Corp is a Hold. Piper Sandler also maintained a Sell rating on the stock with a $12.00 price target.

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2024-05-13T20:49:00Z
Pfizer Follows Eli Lilly's Footsteps To Sell Medicines Directly To Patients somewhat bullish
PFE LLY

Summary: Pfizer follows Eli Lilly by introducing direct-to-consumer medicines platform 'Pfizer for All' providing medical information, pharmacy, and telehealth services to US patients, broadening offerings to include COVID antiviral Paxlovid and diagnostic kits.

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2024-05-13T20:48:18Z
Texas Instruments (NASDAQ:TXN) Downgraded to "Hold" at Jefferies Financial Group somewhat bearish
TXN

Summary: Jefferies Financial Group downgraded shares of Texas Instruments from a buy rating to a hold rating with a reduced price target of $175.00, down from $200.00, while other analysts have mixed ratings on the stock.

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2024-05-13T20:48:05Z
Why Flat Action Is A Good Thing; Pure Storage, Costco, PulteGroup In Focus - Video - IBD neutral
PSTG COST PHM

Summary: Indexes were mostly flat on Monday but after a strong showing last week, which is constructive. Several stocks are setting up including Pure Storage, Costco, and PulteGroup.

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2024-05-13T20:47:43Z
Home Depot sued over claims it exaggerated discounts on its website - are YOU in line for a payout? somewhat bearish
HD

Summary: Home Depot faces a class-action lawsuit for allegedly inflating original prices to exaggerate discounts on products, leading customers to pay more based on false pricing impressions.

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2024-05-13T20:47:11Z
Bank of America Securities Remains a Buy on Service International (SCI) | Markets Insider somewhat bullish
SCI

Summary: Bank of America Securities analyst maintained a Buy rating on Service International with an average price target of $78.00. Oppenheimer also maintained a Buy rating with a $76.00 price target. Recent insider activity shows negative sentiment on the stock.

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2024-05-13T20:45:13Z
Kraft Heinz mulls sale of Oscar Mayer - Grocery Business Magazine somewhat bearish
KHC

Summary: Kraft Heinz is considering selling its brand Oscar Mayer with estimated valuations ranging from $3 billion to $5 billion. The company aims to align its portfolio with consumer preferences for health and nutrition under new CEO Carlos Abrams-Rivera. Recent quarterly results disappointed investors due to cooling demand for products and supply chain issues in the cold cuts segment.

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2024-05-13T20:43:59Z