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PayPal Stock's Turnaround Should Keep Going | citybiz very bullish
PYPL SPY

Summary: The financial expert initiated coverage of PayPal Holdings, Inc. (NASDAQ:PYPL) stock in May 2023, upgraded the rating to 'Buy' in November 2023, and noted that PayPal's stock has outperformed the market, surpassing the S&P 500 index's return by more than 2x after the latest update in February 2024.

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2024-05-13T12:14:38Z
Insiders At ConocoPhillips Sold US$9.4m In Stock, Alluding To Potential Weakness neutral
COP

Summary: Multiple ConocoPhillips insiders have sold a significant stake in the company over the past year, with total insider selling of US$4.1m in the last three months. The lack of insider buying and the significant selling may indicate that insiders view the shares as overvalued.

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2024-05-13T12:11:54Z
Navigating Market Uncertainty: Intrinsic Value of JPMorgan Chase & Co - Yahoo Finance very bullish
JPM

Summary: JPMorgan Chase & Co's intrinsic value, calculated using the Discounted Earnings model, is $356.94, with a margin of safety of 44.31%, indicating the company is significantly undervalued according to the model.

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2024-05-13T12:11:47Z
CVS Health is Changing the Way it Prices Prescription Drugs Using a New Cost-Plus Model somewhat bullish
CVS

Summary: CVS Health is changing the way it prices prescription drugs by introducing a new cost-plus model, known as CostVantage, to provide value and transparency for all stakeholders. The company aims to align drug pricing economically for consumers at the pharmacy counter, addressing challenges in the current reimbursement model.

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2024-05-13T12:10:28Z
Robinhood Just Got Hit With a Wells Notice. What Is That, and Why Could It Be Huge News ... somewhat bearish
HOOD

Summary: Robinhood Markets (NASDAQ: HOOD) has seen tremendous stock growth over the last year, despite facing challenges such as a recent Wells Notice from the SEC regarding potential violations in its cryptocurrency business. The company reported strong earnings in Q1 2024, with substantial revenue and profit growth. However, uncertainties around the SEC investigation and the vulnerability of certain revenue streams pose risks to the stock's future performance.

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2024-05-13T12:08:47Z
Google's Demis Hassabis is the man tasked with turning bleeding-edge AI research into profits somewhat bullish
GOOGL

Summary: Demis Hassabis, the celebrated AI researcher, is emerging as the face of Google's AI effort, focusing on bringing latest AI technologies to every corner of Google universe to compete with OpenAI and Microsoft, especially in generative AI.

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2024-05-13T12:07:32Z
IBM and SAP expand partnership to drive generative AI capabilities - ITPro somewhat bullish
IBM SAP

Summary: IBM and SAP announced a new collaboration to provide clients with generative AI capabilities and industry-specific cloud solutions, reinforcing their commitment to meeting market demand by helping clients optimize business outcomes. The partnership will extend AI capabilities across various SAP cloud solutions and applications, implement proof-of-concept adoption programs, and develop industry-specific AI solutions and reference architectures.

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2024-05-13T12:07:32Z
Why Meta's Ray-Ban Smart Glasses are my favorite tech purchase this year | ZDNET somewhat bullish
META

Summary: Ray-Ban Meta Smart Glasses are reviewed positively by a tech expert, emphasizing their sleek design and improved functionality, including video recording capabilities and quality sound experience. The glasses are described as sunglasses first and smart glasses second, with subtle tech integration, making them stand out in the market.

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2024-05-13T12:06:21Z
Harvey's launches $3 frozen beverages for the summer in partnership with PepsiCo ... neutral
TSE:RUI

Summary: Harvey's has launched a $3 summer drinks promotion across its locations in Canada, offering a variety of frozen drinks including new flavors and classic milkshakes. This initiative aims to celebrate Canadian summers with affordable and refreshing beverages, showcasing innovation and variety in the brand's frozen drink lineup.

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2024-05-13T12:05:52Z
Lufthansa CEO Calls Boeing Delivery Delays 'Extremely Annoying' - Business Insider somewhat bearish
BA

Summary: Boeing is facing delivery delays due to safety concerns and slowing production, leading to frustrations from airline CEOs and possible shift to Airbus alternatives.

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2024-05-13T12:05:31Z
The rise of Marc Benioff, the CEO of Salesforce and owner of Time Magazine somewhat bullish
CRM

Summary: Marc Benioff, the CEO of Salesforce, has a net worth of $10.1 billion and has seen the company through ups and downs in its 25 years, with its market cap exceeding $250 billion by 2024.

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2024-05-13T12:01:57Z
Deere 'Rollercoaster' Earnings: Don't Scream On The Way Down And Forget To Enjoy The Up somewhat bearish
DE

Summary: Deere & Company (NYSE:DE) is about to report its Q2 earnings with low expectations due to 19 down revisions and only 1 up revision. The company has faced challenges due to weak outlooks for FY 2024, and softening net income and operating cash flow guidance in recent quarters.

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2024-05-13T11:56:52Z
Arm Stock in Focus After Reportedly Planning to Launch AI Chips - Investopedia neutral
ARM SFTBY TSM MSFT META GOOGL AMZN NVDA

Summary: Arm Holdings is planning to launch artificial intelligence chips in 2025, with plans to establish a new AI chip unit and build a prototype by spring next year before mass producing them by fall 2025. The company aims to capture a slice of the AI infrastructure market which is expected to grow significantly.

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2024-05-13T11:56:49Z
Egypt: QatarEnergy farms into ExxonMobil exploration blocks offshore Egypt - energy-pedia neutral
QatarEnergy

Summary: QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.

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2024-05-13T11:53:15Z
Should BNY Mellon US Mid Cap Core Equity ETF (BKMC) Be on Your Investing Radar? somewhat bullish
BKMC

Summary: BNY Mellon US Mid Cap Core Equity ETF BKMC offers exposure to the Mid Cap Blend segment of the US equity market, with assets over $470.18 million. It has a low expense ratio of 0.04% and a 12-month trailing dividend yield of 1.34%. The ETF focuses on the Industrials sector and has a performance track record of 6.02% year-to-date and 22.66% over the past year.

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2024-05-13T11:51:25Z
Rory McIlroy cracks Scottie Scheffler joke after proud day at Wells Fargo before storming to victory very bullish
PGM

Summary: Rory McIlroy won the Wells Fargo Championship after carding a stunning six-under 65 in the final round, showing remarkable form and confidence. He is finding some form to bounce back from his frustrating start to the PGA Tour season.

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2024-05-13T11:50:54Z
Australian freshcare producers gain approval for Costco in the U.S. and Canada somewhat bullish
COST

Summary: Freshcare producers certified under the Food Safety & Quality v4.2 standard have gained approval to supply Costco Wholesale in the U.S. and Canada, eliminating the need for multiple certification programs. The approval is a recognition of the high standards maintained by Australian producers, facilitating access to global markets like the U.S. for products like mangoes.

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2024-05-13T11:49:47Z
Report: McDonald's considering new $5 menu to win back inflation-wary customers - Fox 23 Maine neutral
MCD

Summary: McDonald's is reportedly considering a new $5 menu to win back inflation-wary customers by adding popular menu items with fries and a drink for that price.

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2024-05-13T11:49:41Z
Lockheed Martin Lands $451 Million to Upgrade U.S. Army, International M270 Launchers somewhat bullish
LMT

Summary: Lockheed Martin was awarded a $451 million contract by the U.S. Army on May 8, 2024, to upgrade and improve its M270 Multiple Launch Rocket System (MLRS), aimed at enhancing its capabilities and extending its operational life.

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2024-05-13T11:46:41Z
Salesforce, Inc. Share Price Target '$337.31', now 22.6% Upside Potential neutral
CRM

Summary: Salesforce, Inc. has 42 analysts covering the stock with a 'buy' consensus rating and an average price target of $337.31, indicating a 22.6% potential increase from the previous close. The company has a market capitalization of $268.37B and a dividend yield of 5.95%. Salesforce is a provider of CRM technology, offering a range of services including sales, service, marketing, and analytics.

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2024-05-13T11:46:30Z
Ford Australia rolls out EV home charging package - CarExpert somewhat bullish
F

Summary: Ford Australia expands aftersales support by offering an 'EV Charging Package' including charger and charging credit for owners of select electric vehicles.

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2024-05-13T11:45:52Z
Dow Jones Futures Rise; Apple, Google Move On iPhone News; Nvidia Gets Price Target Hike somewhat bullish
AAPL GOOGL MSFT NVDA TSLA ARM

Summary: Dow Jones, S&P 500, and Nasdaq futures rose slightly as major tech stocks like Apple, Google, Microsoft, Nvidia, and Tesla were in focus. Inflation reports are looming, and Apple is reportedly integrating OpenAI's ChatGPT into iOS 18.

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2024-05-13T11:44:56Z
Dow Jones Futures Rise; Apple, Google Move On iPhone News; Nvidia Gets Price Target Hike somewhat bullish
AAPL GOOGL MSFT NVDA TSLA ARM

Summary: Dow Jones futures rose along with S&P 500 and Nasdaq futures. Apple, Google, Microsoft, Nvidia, and Tesla in focus. Market rally near record highs, but inflation reports coming. Apple partnering with OpenAI for iOS 18. Nvidia price target raised by HSBC and coverage assumed by Jefferies. Arm Holdings to unveil AI chip designs next spring.

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2024-05-13T11:44:56Z
Investor Optimism Abounds Lowe's Companies, Inc. (NYSE:LOW) But Growth Is Lacking somewhat bearish
LOW

Summary: Lowe's Companies, Inc. is trading at a P/E ratio of 17.5x, which is in line with the median P/E in the United States. The company has shown positive earnings growth, with a 30% increase in EPS last year and a 73% increase over the past three years. Despite this, analysts forecast a lower EPS growth rate of 3.2% per year for the next three years, compared to the broader market's 9.9% growth forecast. The P/E ratio suggests that investors are optimistic about Lowe's Companies' future direction, but the company's earnings outlook may not support this sentiment for long.

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2024-05-13T11:43:54Z
Dow Jones, Nasdaq, S&P 500 weekly preview: CPI report, retail earnings in focus somewhat bullish
DJIA ^GSPC ^IXIC

Summary: The DJIA had its eighth consecutive day of gains, recording its best week in 2024, with the index rising by 0.32%. Both the S&P 500 and Nasdaq Composite also ended the week positively. However, new consumer sentiment data revealing a significant rise in inflation expectations tempered investor sentiment. Important economic data releases and Federal Reserve officials' speeches are expected in the upcoming week.

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2024-05-13T11:41:32Z
DoubleVerify (NYSE:DV) Cut to “Underperform” at Bank of America - Defense World somewhat bearish
DV

Summary: Bank of America downgraded DoubleVerify (NYSE:DV) from a buy rating to an underperform rating, with a decreased price target of $18.00 from $45.00. Several other brokerages have provided mixed ratings ranging from outperform to sell, with a consensus rating of Moderate Buy and an average target price of $35.05.

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2024-05-13T11:41:11Z
US company Booking Holdings added to European Union's list of for strict digital scrutiny somewhat bearish
BKNG

Summary: Booking Holdings, the U.S. company that owns Booking.com, has been added to the European Union's list of companies under heightened digital scrutiny as an online gatekeeper due to its platform service under the Digital Markets Act.

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2024-05-13T11:40:18Z