Summary: Costco has maintained the price of its hot dog and soda combo at $1.50 since 1985 as a marketing tool to attract and retain customers, even though adjusting it for inflation should make it cost $4.50 today. The company made $1.11 billion in membership fee revenue during its last fiscal quarter, indicating the financial sense behind growing its membership base.
Full articleSummary: Robert F. Kennedy Jr. sued Meta Platforms Inc. for allegedly censoring his presidential campaign documentary on Facebook and Instagram.
Full articleSummary: Zacks.com visitors are closely watching Microsoft (MSFT) stock, with a focus on factors affecting its near-term performance including earnings estimates, revenue growth, last reported results, and valuation.
Full articleSummary: Four regulated electric utilities with quality dividends and credit ratings are discussed in the article. Duke Energy Corporation, NextEra Energy, Inc., WEC Energy Group, Inc., and Xcel Energy Inc. offer dividend yields ranging from 2.8% to 4.1% and have reliable dividend growth rates. Each company's earnings and credit rating are highlighted along with individual recommendations for investment.
Full articleSummary: Nvidia is preparing for the launch of its next-generation Blackwell GPUs with varying power consumption levels from 250W to 600W. Reports suggest Nvidia is aiming for a 70% performance uplift with the RTX 5090 over the RTX 4090, using a refined version of TSMC N4P for Blackwell.
Full articleSummary: Teacher Retirement System of Texas reduced its stake in PayPal Holdings, Inc. by 27% in Q4, while other institutional investors increased their positions. Analysts have a mixed outlook on PYPL stock, with 23 holding a hold rating and 13 giving a buy rating. Insider selling activity also occurred at PayPal.
Full articleSummary: Home Depot (HD) stock price has been on a bearish trend since reaching all-time highs in December 2021. According to the Elliott Wave Principle, the stock is expected to continue falling to complete a corrective structure with further declines projected.
Full articleSummary: ISS recommended Hess shareholders abstain from voting for Chevron's proposed acquisition due to uncertainty around a potential arbitration process filed by Exxon Mobil over a right of first refusal.
Full articleSummary: Pfizer Inc is launching 'Pfizer for All' platform to provide direct-to-consumer medicines including COVID antiviral Paxlovid and diagnostic kits, aiming to simplify healthcare access for US patients.
Full articleSummary: IBM has open-sourced Granite code, large language models (LLMs) with 3 to 34 billion parameters trained on code from 116 programming languages, aimed at targeted business use cases like programming and application modernization. The models are licensed under Apache 2.0.
Full articleSummary: Intel Corp's stock rose 2.5% after The Wall Street Journal reported talks with Apollo for an $11 billion chip plant in Ireland, outshining KKR and Stonepeak. Intel aims to meet increased chip demand.
Full articleSummary: Home Depot (HD -1.71%) is facing challenges due to slowing growth and recent acquisitions impacting its stock performance. Despite a weak 2024 guidance, the company remains resilient in reinvesting and expanding its product offerings targeting professional contractors, aiming to sustain long-term growth and shareholder value.
Full articleSummary: Charter Communications (CHTR) generated 14.1% returns in the trailing 12 months and -4.01% in the last month. Its share price rose by 2% in the last five days. The 14-day MACD shows a downward trend, and the 14-day RSI suggests the stock is leaning toward being overbought. Most analysts recommend buying the stock.
Full articleSummary: Meta Quest 2 and Quest 3 headsets are introducing a new Travel Mode optimized for use on moving vehicles, specifically airplanes.
Full articleSummary: Kraft Heinz is considering selling its Oscar Mayer meats business, which could be valued at $3-5 billion. The company has enlisted Bank of America and Centerview Partners to assess interest in the business.
Full articleSummary: Eli Lilly (LLY) reported Q1 earnings with a fair value estimate raised to $540 per share. Despite strong results, Morningstar views the stock as overvalued due to potential price declines and competition for key drugs like Mounjaro and Zepbound.
Full articleSummary: Dow Jones sheds 0.21% after NY Fed inflation survey accelerated, Markets hope for Fed rate cuts in 2024, US PPI and CPI inflation figures looming next week
Full articleSummary: Alphabet Inc. (GOOG) has been one of the most searched-for stocks on Zacks.com lately, with a Zacks Rank #1 (Strong Buy) due to strong earnings estimate revisions. The company is expected to post positive year-over-year changes in earnings and revenues for both the current and next fiscal years.
Full articleSummary: Evergreen Wealth Management LLC increased its stake in Alphabet Inc. by 2.3% in the 4th quarter, analysts have issued multiple 'buy' ratings on GOOGL stock, few institutional investors added to their positions, and Alphabet's last posted earnings results were positive.
Full articleSummary: Apple's M4 chip is expected to be launched in late 2024 for certain Mac models, bringing enhanced performance and cost savings. The M4 is anticipated to be included in various Mac products, offering performance boosts across the entire lineup.
Full articleSummary: TD Synnex has introduced a training program, watsonx Gold 10, to help partners utilize IBM's latest AI technology. The program aims to train a select group of partners on AI knowledge, business planning, sales acceleration, and access to technical resources.
Full articleSummary: Starbucks introduces new Summer-Berry Starbucks Refreshers beverages and a variety of other items to its summer menu.
Full articleSummary: The news highlights the growth and importance of internet applications and software services, predicting increasing global internet users and significant spending on software. It compares the stocks of Microsoft Corporation (MSFT) and Alphabet Inc. (GOOGL), concluding that GOOGL is a better buy due to its strong financial performance and slightly better valuation compared to MSFT.
Full articleSummary: Recent teardowns and inspections of Tesla Cybertrucks reveal various issues, including leaks, loud air compressors, and potential problems with suspension and wheels.
Full articleSummary: Bank of America Securities analyst maintained a Buy rating on Merus with a consensus price target of $62.50, Needham also maintained a Buy rating on the stock with a $66.00 price target. Merus reported a quarterly revenue of $11.03 million and a GAAP net loss of $23.01 million.
Full articleSummary: RTX (RTX) has been featured in Zacks.com's list of the most searched stocks, along with positive performance compared to the Zacks S&P 500 composite and Aerospace - Defense industry. Earnings estimate revisions, projected revenue growth, and historical performance indicate a moderate outlook with a Zacks Rank #3 (Hold). Valuation metrics suggest RTX is trading in line with its peers.
Full articleSummary: NVIDIA has announced the default use of open-source GPU kernel for GeForce RTX 20 & newer GPUs in an attempt to improve open-source development on Linux and potentially compete with AMD.
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