Summary: Economists polled by Reuters predict the U.S. Federal Reserve will cut its key interest rate twice this year, citing concerns about inflation. The majority of economists expect the first rate reduction in September, with some doubts about the Fed moving at all in 2019.
Full articleSummary: Exxon Mobil (XOM) stock has experienced a decline of -2% over the past month, compared to the Zacks S&P 500 composite's +1.3% change. The stock is currently rated Zacks Rank #3 (Hold) and is graded B on valuation metrics, indicating it is trading at a discount to its peers. Despite the recent performance, the company is expected to post strong earnings and revenue growth in the near term.
Full articleSummary: Alphabet Inc. (GOOG) has been one of the most searched-for stocks on Zacks.com lately. Its performance has been strong in the past month, outperforming the Zacks S&P 500 composite as well as the Zacks Internet - Services industry. Earnings estimates for Alphabet are positive with year-over-year changes indicating growth. The company has a Zacks Rank #1 (Strong Buy) and has a consistent track record of beating consensus estimates.
Full articleSummary: Ford is facing significant losses in its electric vehicle arm, leading to cuts in battery orders and a reevaluation of its EV strategy. On the other hand, Jaguar Land Rover posted its best profits since 2015, selling more than 400,000 cars in 2023 and generating a record $36 billion in revenue.
Full articleSummary: Apple's first unionized Store in Towson, Maryland has authorized the first strike following unsatisfactory negotiations with management over work-life balance, scheduling practices, and wages.
Full articleSummary: NTT DATA has been selected by Salesforce to help standardize and streamline the company’s application environment, providing management and development for applications across Salesforce’s organization. NTT DATA's partnership includes go-to-market strategies and managing internal applications. The company also recently selected Slack as its collaboration platform and has expanded its talent ecosystem globally.
Full articleSummary: Cisco Systems, Inc. (NASDAQ:CSCO) is expected to release earnings results for its third quarter, with analysts predicting a decrease in earnings per share and quarterly revenue. The company recently announced new collaboration devices for hybrid work. Cisco also offers a dividend yield of 3.33%, attracting investors looking for potential gains from dividends.
Full articleSummary: NTT DATA has been selected by Salesforce to help standardize and streamline the company’s application environment. With the acquisition of Apisero, NTT DATA has expanded its digital talent ecosystem globally. NTT DATA ranked 2nd worldwide in Application Implementation and Managed Services Providers by Market Share, Worldwide, 2022.
Full articleSummary: Armstrong World Industries, Inc. will be hosting investor meetings at a conference in New York City and will publish an updated Investor Presentation on May 15, 2024.
Full articleSummary: Peloton (PTON) stock is now a small-cap name, trading below $5 threshold and facing challenges in growth. It rebounded amid acquisition speculations and leadership transition. In fiscal Q3 2024, revenues were down 4.2% YoY, and the company expects a decline in connected fitness subscribers in current quarter. Despite challenges, Peloton remains a potential acquisition target.
Full articleSummary: Microsoft dance act named Windows95man, representing the country that created Linux, performed at Eurovision and ranked 19th with the song 'No Rules!'. The performance is described as fun and less cheesy compared to past Microsoft dance acts.
Full articleSummary: McDonald's is considering launching a new $5 value meal as food prices continue to rise, in response to growing consumer concerns over high prices at fast-food outlets and grocery stores.
Full articleSummary: Starbucks Corp. (NASDAQ:SBUX) is a global coffee titan with an $83 billion market cap and 380,000 employees, operating across three segments. Despite challenges from competition and recent performance dips, the company has a strong brand and a history of revenue, profit, and dividend growth. Financially, Starbucks has negative shareholders' equity but a manageable long-term debt load, high profitability, and outstanding returns on capital. Valuation metrics suggest the stock is currently undervalued.
Full articleSummary: Apple is preparing for WWDC 2024 with a focus on AI enhancements, including its own chatbot and integration of AI capabilities across iPhone apps. iOS 18 update is anticipated to offer customizable home screen options, RCS support, new accessibility features, and design changes inspired by visionOS interface.
Full articleSummary: Microsoft announced a 4 billion euro investment in France to boost the country's artificial intelligence sector, including expanding Cloud and AI infrastructure and providing advanced GPUs, and launching an AI skilling initiative to train 1 million French citizens by 2027.
Full articleSummary: Apple is nearing a deal with OpenAI to use its technology in products like Siri, potentially enhancing its AI capabilities. OpenAI is also developing ChatGPT and GPT-4 updates, hinting at a new voice assistant.
Full articleSummary: Google announced the new Pixel 8a with AI-powered features, updated processor, Actua Display, and improved battery life and design compared to its predecessor. The phone comes with three color choices and offers a smooth software experience with advanced AI functionalities such as Gemini Nano onboard.
Full articleSummary: Apple is reportedly close to a deal with OpenAI to use its AI technology on iPhones, which caused a 1% rise in AAPL stock. The integration of generative AI technology into iOS 18 and potential collaborations with Google's AI chatbot may open up revenue streams for Apple through subscriptions.
Full articleSummary: Coca-Cola partners with Al-Ahly Club for a significant 40-year milestone campaign, highlighting the magic and impact of their collaboration.
Full articleSummary: Ford Motor Company has hired Sherry House as its new CFO to replace John Lawler in 2025. House will be the first female CFO and will oversee financial planning for Ford's automotive businesses until then. Lawler will continue as CFO and be promoted to vice chair.
Full articleSummary: Google has released the Pixel 8a with a starting price of $500, offering Google's Gemini AI-driven features, a Tensor G3 CPU, wireless charging, and face unlock. The Pixel 8a's design features a 6.1-inch Actua display with a 120Hz dynamic refresh rate, available in four colors. The camera system is similar to that of the Pixel 7a, offering various Google AI tricks and modes.
Full articleSummary: Hedge funds have increased their holdings in Intuit Inc (INTU) by approximately 1.42% between 12/31/2023 and 03/31/2024. Despite 8 funds decreasing their positions, the aggregate share count held by hedge funds has shown a positive trend, with a notable increase by 1,527,730 shares.
Full articleSummary: Hedge funds have increased their holdings in PepsiCo Inc (PEP) based on the latest 13F filings, with an aggregate share count increase of approximately 0.44% between 12/31/2023 and 03/31/2024. The top three funds holding PEP on 03/31/2024 are not specified.
Full articleSummary: The S&P 500 index dropped 4% in April, erasing some gains. Long-term investors see volatility as an opportunity. Large dividend stocks like Procter & Gamble (PG), Walmart (WMT), and Coca-Cola (KO) are considered attractive buys due to their strong financial performance and dividend payouts.
Full articleSummary: Barclays analyst Tim Long maintained a Hold rating on Cisco Systems with a price target of $48.00, while Citi also maintained a Hold rating with a $52.00 price target. The company's shares closed at $48.06, and the analyst consensus is a Hold with a price target consensus of $53.55.
Full articleSummary: The European Commission is preparing to press charges against Microsoft due to concerns over its unbundling of Teams from Microsoft 365/Office 365 globally, despite an agreement to do so to 'ensure clarity'. Microsoft's rivals are meeting with the Commission to discuss antitrust issues related to the bundling practices.
Full articleSummary: CVS Health Corporation (NYSE: CVS) is currently considered undervalued based on its discounted cash flows, offering an opportunity for investors to buy at a lower price compared to the potential value. It is also a strong dividend payer with a current yield of 3.3% and a consistent history of increasing dividend payments over the past decade.
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