Summary: A Costco shopper had her membership revoked after attempting to return a faulty printer purchased six years earlier, Costco has a risk-free 100% satisfaction guarantee policy, Dollar Tree plans to raise prices for over 300 items and close underperforming stores.
Full articleSummary: Key focus this week on US inflation with PPI, Fed Chair Powell and Waller speeches, CPI release, and jobless claims. Possible volatility in markets driven by these events.
Full articleSummary: Zacks.com releases a list of companies likely to issue earnings surprises including Walmart, Target, Home Depot, and Amazon. Walmart's defensive attributes and growing share of higher-income grocery spending are highlighted ahead of its upcoming quarterly release.
Full articleSummary: Zacks.com lists companies likely to issue earnings surprises including Walmart, Target, Home Depot, and Amazon. Walmart's strong positioning relative to Target and Home Depot is highlighted despite market weakness. Walmart's upcoming quarterly release on May 16th will shed light on sales performance.
Full articleSummary: Union Pacific Corporation (NYSE:UNP) has announced that it will pay a dividend of $1.30 per share on the 28th of June. The dividend yield is 2.1%, which will augment investor returns nicely. The company has a solid track record of paying dividends and has been growing them consistently.
Full articleSummary: Chevron's stock is up by 10% over the past three months, with a reported ROE of 13%. The company has shown a respectable ROE, lower than the industry average, but has demonstrated significant net income growth of 35% over the past five years. Chevron reinvests efficiently with a moderate payout ratio of 44% and is expected to maintain an ROE of 15% in the future.
Full articleSummary: NIKE, Inc. (NIKE) has implemented various digital transformation strategies and innovation programs to leverage technology for growth and advancement. The company is utilizing AI, blockchain, NFTs, robotics, and metaverse to drive customer engagement and sales.
Full articleSummary: Medtronic plc (NYSE:MDT) has a significant institutional ownership of 86%, with the top 25 shareholders controlling 50% of the business. Insiders have a relatively low ownership of under 1%, having recently been selling shares.
Full articleSummary: Blue Owl Capital Inc. (NYSE:OWL) will increase its dividend to $0.18 on May 30th, resulting in a 3.9% yield, above the industry average. However, analysts question the sustainability of the payments due to the company's past ability to cover dividends. The company has shown strong earnings growth potential but the reliability of future dividends remains uncertain.
Full articleSummary: Maplebear (Instacart) had its price target raised by Citigroup and other analysts, with a consensus rating of Moderate Buy and an average target price of $40.89. The company reported strong quarterly earnings, beating estimates. Insiders have been actively buying and selling shares. Large institutional investors have also shown interest in the stock.
Full articleSummary: CEO of Lufthansa remains positive about Boeing despite current problems, emphasizing the importance of having two strong aircraft providers in the industry. He also dismissed the idea of purchasing planes from Chinese manufacturers due to safety standards.
Full articleSummary: NIKE, Inc. (NIKE) is implementing digital transformation strategies and investing in emerging technologies like AI, blockchain, NFTs, and metaverse to drive customer engagement and sales, optimize business operations, and deepen customer relations. The company also launched a product traceability system using blockchain technology and plans to establish a technology center in Atlanta with focus areas in AI, ML, cybersecurity, and logistics & supply chain.
Full articleSummary: FedEx Express is conducting a two-week trial in the Netherlands using an all-electric eActros 300 tractor for domestic line-haul operations, pairing it with an existing FedEx-owned trailer and recharging it using a temporary 40kW charging solution.
Full articleSummary: Alphabet's shares slipped in premarket due to reports of Apple nearing a deal to integrate OpenAI's technology into iPhones for AI features. Apple might include ChatGPT in its iOS 18, intensifying talks after previously engaging with Google on Gemini chatbot. Apple plans AI announcements in June at WWDC, and OpenAI to unveil updates on ChatGPT and GPT-4 soon.
Full articleSummary: Booking Holdings has been added to the European Union's list of companies under heightened digital scrutiny, specifically classed as an online gatekeeper due to its influence as a core platform service in the travel industry.
Full articleSummary: Los Angeles Capital Management LLC reduced its stake in Coca-Cola Europacific Partners PLC by 19.3% in the fourth quarter, selling 969 shares and owning 4,053 shares worth $270,000. Various other hedge funds made changes to their positions as well.
Full articleSummary: Union Pacific Corp (Symbol: UNP) has been named as a Top 25 'Dividend Giant' by ETF Channel with $18.63B worth of stock held by ETFs and a strong 2.10% yield. The company has a strong quarterly dividend history and favorable long-term growth rates.
Full articleSummary: Will Thomson has been appointed managing director of BlackRock’s climate infrastructure team in New Zealand to focus on sourcing climate infrastructure investment opportunities and managing transactions in the region. The appointment aligns with BlackRock's global experience in developing climate infrastructure assets and aims to invest in New Zealand companies enabling the transition to a low-carbon economy.
Full articleSummary: Private Advisor Group LLC increased its holdings in The Bank of New York Mellon Co. by 2.5% during the fourth quarter. Additionally, various other institutional investors have made modifications to their positions in BK. Insiders have recently sold shares of the company. Analysts have provided ratings and target prices for BK.
Full articleSummary: ExxonMobil signed a deal farming out a 40 percent stake each in the Cairo and Masry exploration blocks offshore Egypt to QatarEnergy. QatarEnergy has also made deals in Mauritania, Namibia, and South Africa in the past years, alongside other companies like Shell and TotalEnergies.
Full articleSummary: Private Advisor Group LLC raised its position in BlackRock Core Bond Trust during the fourth quarter, while other hedge funds and institutional investors also made changes to their positions in the company. BlackRock Core Bond Trust trading down by 0.1% and has announced a monthly dividend of $0.075 per share.
Full articleSummary: Honeywell has introduced new Naphtha to Ethane and Propane technology to boost energy efficiency and reduce CO2 emissions in light olefin production globally.
Full articleSummary: Target to limit its Pride merchandise to fewer stores this year due to last year's backlash, with all merchandise available online but only in a smaller number of physical stores.
Full articleSummary: Home Depot (NYSE: HD) is expected to announce its Q1 earnings results, with analysts anticipating a 1.5% decline in revenue year on year and adjusted earnings of $3.61 per share. Majority of analysts have reconfirmed their estimates, with positive sentiment in the home furnishing and improvement retail segment.
Full articleSummary: Warren Buffett's Berkshire Hathaway may consider buying Ulta Beauty, Bath & Body Works, and Tapestry if their market cap were larger. These stocks offer high profitability and low valuation multiples, attracting smaller value investors seeking Buffett-like moments.
Full articleSummary: Google is partnering with Morehouse College to open a new annex classroom with state-of-the-art technology for students to explore tech and entrepreneurial opportunities. This is a part of Google's increased investment in historically Black colleges and universities.
Full articleSummary: BlackRock Sustainable American Income Trust PLC reported unaudited net asset values of 224.87p for Capital only and 225.31p including current year income as of 10th May 2024. They conducted a share buyback of 33,415 ordinary shares and currently have 76,859,163 Ordinary Shares in issue.
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