Summary: BYD officially launched its new Sea Lion 07, a mid-size smart electric SUV to rival Tesla's Model Y, featuring BYD's new e-Platform 3.0 Evo with advanced features and pricing starting at 189,800 yuan.
Full articleSummary: Alphabet shares traded lower by as much as 2.8% in early trading due to concerns about OpenAI's upcoming product release, cutting more than $50 billion off the company's valuation. Despite the market concerns, there is no concrete evidence that OpenAI will impact Alphabet's market share significantly.
Full articleSummary: Advanced packaging companies are poised for growth as they address the bottleneck in AI systems due to the need for fast and energy-efficient connectivity between different chip components. Less mainstream companies like Onto Innovation and Kulicke & Soffa are positioned for substantial growth in the advanced packaging sector by offering crucial equipment and technologies.
Full articleSummary: Details of Intel's future releases of Panther Lake and Nova Lake chips have been leaked in Dell documents, revealing upcoming Intel CPU platforms like Nova Lake and Nvidia's future mobile GPUs.
Full articleSummary: International Business Machines (NYSE:IBM) plans to pause hiring for jobs that could soon be replaced by artificial intelligence, potentially resulting in the loss of around 30% of non-customer-facing roles over a five-year period.
Full articleSummary: BofA Securities analyst reiterated a Buy rating on Starbucks Corp due to social media calls to boycott the company over tensions in the Middle-East, while rejecting management's other explanations for sales growth collapse. The analyst sees ample opportunity to increase purchase frequency among the remaining customer base and is optimistic about the expansion of marketing channels.
Full articleSummary: Kraft Heinz is exploring a sale of its Oscar Mayer meats business, known for hot dogs, bacon, ham, and bologna products, that could fetch between $3 billion to $5 billion. The company has tapped Bank of America and Centerview Partners to gauge interest in the business.
Full articleSummary: Sara Senatore from Bank of America Securities maintained a Buy rating on Starbucks with an average price target of $88.48, Evercore ISI also maintained a Buy rating with a $92.00 price target. Starbucks reported quarterly revenue of $8.56 billion and a net profit of $772.5 million, down from the previous year.
Full articleSummary: FedEx's short percent of float has risen significantly since its last report, now at 1.83% of all regular shares available for trading. Short interest can signal market sentiment towards the stock, with an increase potentially indicating bearish sentiment.
Full articleSummary: Home Depot is set to report first-quarter earnings with expectations of $3.61 EPS on $36.67 billion revenue, a 1.7% decline YoY. The company is anticipated to meet market estimates and reaffirm its 2024 guidance amidst challenges like delayed spring, higher mortgage rates, and a sluggish housing market. Investors are keen on details about Home Depot's acquisition of SRS Distribution for $18.25 billion, aiming to enhance its cyclical recovery potential and long-term sales algorithm.
Full articleSummary: Gilead Sciences Inc posted lower-than-expected fourth-quarter earnings due to a legal settlement and collaboration charge, but reported adjusted quarterly earnings of 69 cents per share. The company's full-year 2022 adjusted earnings and product sales targets fall short of Wall Street estimates.
Full articleSummary: Starbucks is implementing an Inclusive Spaces Framework to make their stores more accessible for people with disabilities, intending to set a higher standard of accessibility beyond ADA requirements. The company collaborated with McKinsey to develop these inclusive design elements and plans to share their guidelines with other retailers as part of the Inclusive Spaces Coalition.
Full articleSummary: Medtronic (NYSE:MDT) rose by 4.49% to trade at $94.07 on the NYSE exchange.
Full articleSummary: McDonald's plans to offer a $5 meal deal including McDouble or McChicken, fries, and drink to lure back customers amid rising fast food costs.
Full articleSummary: Proxy advisory firm ISS recommended abstaining from voting for Chevron's proposed acquisition of Hess.
Full articleSummary: Citigroup's stock has been underperforming the broader market in the past 3 years despite a 23% year-to-date gain compared to S&P 500. The bank reported a decrease in total revenues in the first quarter of 2024 due to declines in wealth management and trading segments. However, the net income also decreased significantly year-over-year in the same period.
Full articleSummary: Microsoft is facing a fresh antitrust crackdown by European regulators over alleged anticompetitive tactics to boost its Teams virtual meeting software. The charges could be announced within the next few weeks.
Full articleSummary: Chevron's $53 billion deal to acquire Hess Corp. faces challenges as an influential adviser recommends Hess shareholders to abstain from voting, citing concerns about valuation and uncertainty surrounding an arbitration case with Exxon. HBK Capital Management, a major investor in Hess, supports this recommendation. Chevron shares fell 0.8% and Hess declined 0.5% following the news.
Full articleSummary: Chevron Corp.'s $53 billion deal to acquire Hess Corp. faces opposition from a leading shareholder adviser, ISS, citing concerns about valuation, process, and uncertainty around an arbitration case with Exxon Mobil over Hess' stake. Chevron stock declined 1.5% and Hess stock was down 0.5% following the news.
Full articleSummary: Starbucks was found to have violated labor law by prohibiting workers from wearing union shirts at a New York store.
Full articleSummary: Whales with a lot of money to spend have taken a noticeably bullish stance on PayPal Holdings. Significant options trades have been detected for puts and calls on PayPal Holdings, with varying sentiments such as neutral, bearish, and bullish. Experts propose an average target price of $72.2 for PayPal Holdings.
Full articleSummary: Long-term investment in Amgen Inc (NASDAQ: AMGN) from 2019 to 2024 yielded a total return of 115.64% and an annualized return of 16.62%, highlighting the benefits of a patient investment approach.
Full articleSummary: McDonald's is making changes to their burgers and introducing a new $5 value meal at U.S. stores, as part of response to rising inflation.
Full articleSummary: Intel is in advanced talks with Apollo Global Management to provide more than $11bn to build a plant in Ireland, seeking to expand operations in various locations to capitalize on the rising demand for computer chips.
Full articleSummary: McDonald's is focusing on affordability by introducing $5 meal deals including options like McChicken, McDouble, or four-piece chicken McNuggets with fries and a drink. The company also plans to open 10,000 more restaurants globally by 2027 and expand its membership for MyMcDonald's Rewards program.
Full articleSummary: Broadcom (AVGO) is named Monday's IBD Stock Of The Day as the chipmaker benefits from the artificial intelligence trend, with a new customer added to its AI chip business. Jefferies analyst assumes coverage of Broadcom stock with a buy rating and target of $1,550. Stock consolidating at $1,438.17 buy point, with potential early entry above the downward trendline at $1,350.
Full articleSummary: The article discusses Intel's efforts to expand AI education programming beyond the company's walls and the importance of implementing AI in the workforce responsibly. It mentions initiatives like 'Digital Readiness' and 'AI for Workforce' to equip workers with AI skills and certifications.
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