Summary: Emerson Electric had its price target raised by Mizuho and other analysts, reported positive earnings, announced a dividend, and had institutional investors increasing their stakes in the company.
Full articleSummary: Teacher Retirement System of Texas trimmed its stake in RTX Co., a number of other institutional investors have also adjusted their positions in the company, and analysts have recently weighed in on RTX's stock. RTX also announced an increase in dividend. Insider transactions involving CEO and Director have been reported.
Full articleSummary: RTX has recently been listed as one of the most searched stocks on Zacks.com. It is in the Aerospace and Defense industry, and its future performance is influenced by factors such as earnings estimate revisions, projected revenue growth, last reported results, and valuation metrics.
Full articleSummary: Dow Jones futures rose slightly along with S&P 500 and Nasdaq futures. Stocks such as Apple, Google, Microsoft, Nvidia, Tesla were in focus. Inflation reports and key PPI components are being closely watched. Apple is reportedly integrating OpenAI's technology into iOS 18, while Nvidia's stock price target was raised by HSBC and Jefferies. Arm Holdings rose on reports of unveiling AI chip designs next year.
Full articleSummary: Coca-Cola Consolidated is likely to consider a forward stock-split sometime in 2024 due to various bullish indicators and market support. The company plans to purchase up to $3.1 billion of its Common Stock and there are strong signs pointing towards a stock split this year.
Full articleSummary: AC Milan is interested in signing Tottenham's right back Emerson Royal this summer, but they need Tottenham to lower their €30m price tag on the player for a deal to be realistic.
Full articleSummary: NVIDIA Corporation is a world leader in programmable graphics processors with net sales categorized into computing and networking solutions and graphics processors. The company's net sales are further segmented by industry and geographic regions.
Full articleSummary: Moderna and Walgreens Boots Alliance are among the best performing components of the Nasdaq 100 index, while Meta Platforms and Alphabet are trading lower.
Full articleSummary: LPL has expanded its reach in California by adding a breakaway advisor from JPMorgan, Garrett Oczachowski, who managed around $280 million.
Full articleSummary: Lufthansa's CEO expresses annoyance and cost concerns over Boeing's delivery delays, but maintains confidence in the provider. Lufthansa remains committed to its Boeing fleet despite safety concerns and recent issues, stating that every aircraft is accompanied by their own engineers during production to ensure quality standards. The airline does not plan to diversify its fleet with COMAC's C919 due to safety standards.
Full articleSummary: Salesforce.com (CRM) has been one of the most searched-for stocks lately on Zacks.com. The company is expected to post strong earnings growth with a Zacks Rank #2 (Buy) and a positive revenue growth forecast. However, the stock is currently graded D in terms of valuation, trading at a premium to its peers.
Full articleSummary: Economists predict the U.S. Federal Reserve will cut interest rates twice this year, starting in September, due to doubts about inflation progress. Inflation forecasts have been raised for the second consecutive month. April consumer price index (CPI) numbers are awaited to guide future Fed decisions.
Full articleSummary: Detroit Lions fans have sold out season tickets for the second year in a row, three months earlier than in 2023, with a waitlist of nearly 20,000 people. Last season's success with two playoff wins and an NFC Championship Game appearance likely contributed to the sellout.
Full articleSummary: Nvidia's strong growth is creating a demand for advanced packaging tech stocks to take off, with Onto Innovation (NYSE: ONTO) and Kulicke & Soffa (NASDAQ: KLIC) being under-the-radar picks. Both companies are set to benefit from growth in advanced packaging technologies crucial for AI systems and chiplet packages.
Full articleSummary: Several corporations, including Microsoft, Amazon, and Pfizer, are investing a record 15 million euros in France during the Choose France Summit to stimulate the country's economy and create up to 10,000 jobs. Microsoft's largest investment of 4 billion euros will focus on building up cloud and AI infrastructure, providing AI skills training, and supporting startups. Amazon and Pfizer are also making significant investments in France.
Full articleSummary: Disney stock slumped after mixed financial results but still outperforming since 2020. Positive signs from successful movie releases, upcoming theme park attraction, and increasing profit targets. Analysts revising earnings projections higher for Disney.
Full articleSummary: Apple announced a 10-day countdown event revealing the 100 best albums of all time, judged by Apple Music experts and artists.
Full articleSummary: Hologic's research shows billions of women globally are not being tested for life-threatening conditions, leading to a decline in women's health from pre-Covid times.
Full articleSummary: Cisco Systems is set to release its third-quarter fiscal 2024 results with revenues expected to be between $12.1 billion and $12.3 billion. Despite challenges from cautious economic environment, the company is expected to see growth in Security revenues. However, near-term prospects are hindered by sluggish demand and heightened competition, leading to a decline in share prices.
Full articleSummary: Lockheed Martin's Aeronautics segment secured a $712.5 million contract to develop advanced hardware for the F-35 Lightning II TR3 System, driving potential revenue growth and demonstrating solid prospects for the company's F-35 program. The F-35 program is Lockheed Martin's largest and has significant demand both domestically and internationally, with the latest contract win expected to boost performance.
Full articleSummary: The Coca-Cola Company launched Coca-Cola Lens, an insights platform aimed at providing actionable insights to operators in the foodservice and retail industries to help them make data-driven decisions. The platform uses proprietary tools, data, and insights from third-party sources to analyze consumer behavior and industry trends.
Full articleSummary: U.S. Senate Majority Leader Chuck Schumer urged the Federal Trade Commission to halt Chevron Corp's proposed $53 billion acquisition of Hess Corp, citing concerns over potential rise in gas prices. Schumer has been critical of mega oil mergers in the past.
Full articleSummary: ProPetro Holding Corp. appointed ExxonMobil executive Alex Volkov to its Board of Directors as part of an Investor Rights Agreement with Pioneer Natural Resources Pumping Services LLC. Volkov brings extensive global energy experience to the board, including roles in marketing, business development, and strategy at ExxonMobil.
Full articleSummary: Apple, Microsoft, and Booking.com have been ruled to be subject to the EU's Digital Markets Act (DMA) due to antitrust concerns and designated as gatekeepers in their respective fields.
Full articleSummary: Emerson Electric's international revenue trends for the quarter ended March 2024 have been assessed, where notable trends in international revenues have been discovered and the breakdown of revenue by foreign regions has been detailed. Wall Street analysts project an increase in total revenue for the current fiscal quarter and for the full year, with a positive outlook for future growth prospects.
Full articleSummary: Wall Street analysts forecast a decline in Deere (DE) quarterly earnings and revenues compared to the year-ago quarter. Analysts revised EPS estimate lower by 0.9% over the last 30 days. Various metrics like net sales and revenues are expected to decrease year-over-year based on analyst assessments.
Full articleSummary: Meta Platforms (META) has been listed as one of the most searched stocks on Zacks.com. The company is rated Zacks Rank #3 (Hold) due to changes in earnings estimates. Its revenue growth and valuation are also discussed in the report.
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