Summary: Cisco Systems (CSCO), a seller of routers, switches, software, and services, has been consistently beating earnings estimates. It reported a surprise of 2.38% for the most recent quarter and 1.22% for the previous quarter.
Full articleSummary: Texas Instruments Incorporated (NASDAQ:TXN) announces an increased dividend payment of $1.24, making it 3.0% of the stock price, above industry standards, with a sustainable payout ratio and a track record of consistent growth. Investors should be cautious about the company's tight cash flow.
Full articleSummary: France secured new jobs and investments with Amazon, Pfizer, and Morgan Stanley at the 'Choose France' event, with Amazon announcing an additional 1.2 billion euro investment creating 3,000 jobs, Pfizer and AstraZeneca investing nearly $1 billion, and Morgan Stanley expanding its headcount in Paris.
Full articleSummary: Walt Disney World will open Tiana's Bayou Adventure at Magic Kingdom on June 28, 2024, with preview opportunities for Cast Members, Annual Passholders, and Disney Vacation Club Members starting May 14.
Full articleSummary: Apple CEO Tim Cook plans to stay with the company for at least three more years, hoping for an internal successor. Execs Jeff Williams and John Ternus are potential candidates according to Bloomberg sources.
Full articleSummary: Berkshire Hathaway Inc. reported a 21% rise in Q2 earnings, continued buying back shares at a steady pace, and showed impressive EPS growth over the past five years.
Full articleSummary: Walt Disney World will open Tiana’s Bayou Adventure on June 28, a ride inspired by 'The Princess and the Frog'. The reimagined ride is set after the events of the movie, featuring a new co-op by Tiana while paying tribute to the spirit of New Orleans with advanced animatronics.
Full articleSummary: Tesla CEO Elon Musk made an unannounced visit to China, the electric vehicle giant’s second-largest market.
Full articleSummary: Cisco Systems Inc. shares fell as profitability is squeezed due to the cost of securing components amid a surge in orders driven by increased spending on computer networks. The company expects semiconductor shortages to last until the end of 2020.
Full articleSummary: FedEx Express renews its Authorized Economic Operator (AEO) certification in South Korea, achieving a class 'AA' level accreditation. The company's commitment to secure and quality logistics services is highlighted, offering cost savings to customers and prioritized customs clearance for FedEx shipments.
Full articleSummary: Signature Resources Capital Management LLC acquired a new stake in Alphabet Inc., with 4,075 shares valued at approximately $569,000. Alphabet announced a quarterly dividend and reported $1.89 earnings per share for the quarter. Several hedge funds added to their stakes in Alphabet.
Full articleSummary: Costco has kept the price of its hot dog and soda combo at $1.50 since 1985 despite rising inflation, as it serves as a marketing tool to attract and retain customers. The company aims to grow its membership base and increase retention by offering such attractive deals.
Full articleSummary: The partnership between Walt Disney Company and Walmart aims to enhance digital advertising by closing the loop between marketing and sales data, allowing for more targeted ads and better return on investment. This collaboration showcases a growing trend in the industry of media and retail companies working together to maximize revenue.
Full articleSummary: PayPal had a phenomenal quarter with strong growth and improved efficiency, but the stock remained flat. Despite significant financial results and raised full-year guidance, the market responded by selling off the stock by 2% the following day. Wall Street analysts believe PayPal is undervalued compared to the market.
Full articleSummary: Spirit's Business Centre arm has launched a program aimed at small- to medium-sized business (SMB) partners to sell collaboration solutions in partnership with Cisco.
Full articleSummary: Wall Street expects FedEx to report a year-over-year increase in earnings on higher revenues for the quarter ended February 2022. The company is expected to post quarterly earnings of $4.70 per share, representing a +35.5% change, with revenues expected to be $23.58 billion, up 9.6% from the year-ago quarter. The Most Accurate Estimate is higher than the Zacks Consensus Estimate, indicating a bullish sentiment towards FedEx's earnings prospects.
Full articleSummary: Elon Musk suggests Warren Buffett to buy Tesla stock but Buffett's investment style and preference for easily understandable businesses make it unlikely. Buffett missed out on Alphabet and Amazon due to lack of understanding in their businesses. Tesla's ventures beyond EVs and uncertainty in its future business focus make it a difficult investment for Buffett.
Full articleSummary: Medtronic plc announced participation in the 38th Annual Goldman Sachs Global Healthcare Conference with their CEO answering questions about the company.
Full articleSummary: Amazon, Pfizer, and Morgan Stanley are among the companies making large investments in France at the 'Choose France' summit, aiming to boost the country's attractiveness to foreign companies, with various sectors such as e-commerce, pharmaceuticals, and finance benefiting from the investments.
Full articleSummary: Montis Financial LLC decreased its stake in Alphabet Inc. by 6.1% during the 4th quarter, additional hedge funds and institutional investors have also made changes to their stakes. The firm recently disclosed a quarterly dividend and insiders have sold shares of the company. Wall Street analysts have mostly issued positive ratings and target price upgrades on Alphabet stock.
Full articleSummary: Stokes Family Office LLC reduced its holdings in Alphabet Inc. by 20.7% during the 4th quarter. Several other hedge funds also made changes to their positions. Analysts set new price targets for GOOGL shares with positive ratings given by most of them. Alphabet's stock price trading down by 0.8%. Alphabet reported better-than-expected earnings results for the quarter. The company also announced a quarterly dividend. Insiders have been selling company stock in significant amounts.
Full articleSummary: Intel Corporation has a consensus 'hold' rating from 35 analysts with a mean target share price of $39.74, suggesting a 32.1% uptick in value from the previous close of $30.09. The company's market capitalization is at 127.07B with a potential market cap of $167,818,718,471 based on market consensus. It has a dividend yield of 3.8% and other key financial data like P/E ratio, revenue per share, and return on assets.
Full articleSummary: Due to a shortage of apples in Massachusetts, popular orchards like Jaeschke’s and Bartlett’s Orchard will not be offering pick-your-own apple options this fall.
Full articleSummary: Workers at the first Apple Store to unionize have authorized a strike against the tech giant due to unsatisfactory negotiation outcomes regarding scheduling practices and wages.
Full articleSummary: Starbucks faces backlash on social media after a viral TikTok video shows a customer upset over a botched drink order with extra caramel syrup, leading to boycotts and decline in sales. The incident highlights the power of social media to amplify customer dissatisfaction and impact companies' revenues.
Full articleSummary: Quixant collaborates with Intel to offer gaming hardware products with extended product lifecycle, high performance, and cost-effective solutions, providing game-changing support for customers transitioning to Intel technology.
Full articleSummary: PepsiCo's stock (PEP) closed lower in the most recent trading session, but analysts are optimistic about its upcoming earnings release with expected year-over-year growth. Analysts are projecting earnings of $2.18 per share for the next release. The Beverages - Soft drinks industry to which PepsiCo belongs has a favorable Zacks Industry Rank of 38, in the top 16% of all industries.
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