Summary: David Marcus, voormalig topman bij PayPal en sleutelfiguur bij Facebook, verklaarde dat het Bitcoin Lightning Network mogelijk het belangrijkste betalingsnetwerk ter wereld kan worden. Ondersteund door Coinbase en Lightning Labs, wordt verwacht dat het netwerk transacties zal versnellen en kosten zal verlagen, waardoor Bitcoin wereldwijd toegankelijker wordt.
Full articleSummary: IBM is winding down its business in Russia and laying off employees following the country's invasion of Ukraine. CEO Arvind Krishna stated the decision was made due to the mounting consequences of the war and uncertainty about its long-term ramifications.
Full articleSummary: Broadcom Inc. (AVGO) stock is projected to be worth over 22% more based on its free cash flow and projected FCF margins, resulting in a potential price of $1,626 per share. Analysts also provide price targets higher than the current price, expecting significant upside potential for AVGO stock.
Full articleSummary: Cheesecake Factory (NASDAQ:CAKE) was upgraded by Citigroup from a 'neutral' to a 'buy' rating with a target price of $47.00, suggesting a potential upside of 24.83%. Several other brokerages have provided mixed ratings on the stock. Cheesecake Factory recently reported earnings that beat analyst estimates.
Full articleSummary: MetLife (MET), a Finance stock, has shown a price change of 14.66% this year and currently offers a dividend yield of 3.74%. The company has a strong dividend growth rate, a low payout ratio of 31%, and solid earnings growth for this fiscal year.
Full articleSummary: Massachusetts Financial Services Co. MA boosted its position in ConocoPhillips by 0.4% in the fourth quarter, with a significant increase in shares purchased, making it one of the institutional investor's biggest positions. Several other hedge funds and institutional investors have also increased their holdings in ConocoPhillips. Analysts have provided positive ratings and price target increases for the company, with a consensus rating of 'Moderate Buy' and a consensus price target of $142.76. ConocoPhillips recently announced a quarterly dividend and had insiders selling company stock in significant amounts.
Full articleSummary: Oklo Inc. begins trading on the NYSE under the ticker symbol 'OKLO', but its stock falls drastically on the first day of trading. The company plans to use gross proceeds from the business combination for executing its business plan and funding the initial deployment of its Aurora powerhouse. Oklo has partnerships in Oil & Gas, Centrus HALEU Nuclear Fuel and Power, and AI Data Centers. The company is currently engaged with the NRC for licensing its advanced reactor design.
Full articleSummary: Massachusetts Financial Services Co. MA decreased its holdings in Medtronic plc by 9.9% in the 4th quarter, selling 3,183,182 shares. Other institutional investors have also made changes to their stakes in the company. Medtronic reported $1.30 earnings per share for the quarter, beating analysts' estimates by $0.04. The firm declared a quarterly dividend of $0.69 per share.
Full articleSummary: Gilead's stock dropped 4% after-hours due to disappointing 2017 guidance including lower product sales and earnings compared to analysts' estimates.
Full articleSummary: Bristol-Myers Squibb Company (BMY) is showing favorable trends on the moving average crossover front, with the 50 Day Moving Average breaking out above the 200 Day Simple Moving Average, indicating a short-term bullish trend. The stock has already moved higher by 11.1% in the past four weeks, supported by a Zacks Rank #2 (Buy) and positive earnings estimate revisions.
Full articleSummary: Gilead Sciences reveals pricing plan for its COVID-19 antiviral drug remdesivir, with expectations to produce up to 3 million courses in 2020 and between 600,000 to 800,000 courses a month in 2021. Investment firm Leerink Partners increased revenue forecast for Gilead by $800 million to $1.8 billion annually for the next three years.
Full articleSummary: Advisor OS LLC increased their holdings in Eli Lilly and Company by 51.7% in the fourth quarter, with several other large investors also adding to their stakes. Wall Street analysts have forecasted growth for LLY and given it positive ratings and price targets. Eli Lilly and Company reported strong earnings results, beating EPS estimates and increasing revenue compared to the previous year. The company also announced a quarterly dividend.
Full articleSummary: Stock market indexes generally finished higher on Monday fueled by an extension for trade talks between the U.S. and China and a rise in merger and acquisition activity. Companies like Danaher, CRISPR Therapeutics, and Clementia Pharmaceuticals were among the top performers.
Full articleSummary: Broadcom Inc. (AVGO) stock is projected to be worth over 22% more at $1,626 per share, based on its free cash flow and FCF margins. Analysts expect higher prices for AVGO in the future. Short put plays are highlighted as a good strategy for buying undervalued stocks like Broadcom.
Full articleSummary: PepsiCo Inc reserves 100 of Tesla Inc's new electric Semi trucks, marking the largest known order of the big rig in the efforts to reduce fuel costs and fleet emissions. Tesla is competing with time-tested diesel trucks to build an affordable electric big rig.
Full articleSummary: The U.S. Supreme Court refused to hear Merck & Co's appeal over dishonestly obtained patent rights, preventing it from collecting a $200 million verdict against Gilead Sciences Inc in a dispute involving hepatitis C drugs.
Full articleSummary: Lowe's Companies, Inc. is gearing up for the holiday season by offering a wide range of home-improvement products and services at attractive prices. Consumers are expected to spend significantly on holiday gifts and decorations, with Lowe's well-prepared to meet the demand.
Full articleSummary: Massachusetts Financial Services Co. MA increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% in the fourth quarter, acquiring 1,105,127 shares to own about 0.61% of PepsiCo worth $1,430,250,000. Several other hedge funds also adjusted their positions in the stock. PepsiCo recently reported $1.61 earnings per share for the quarter, beating estimates by $0.09. The company also raised its dividend, with a quarterly payment of $1.355 per share and a dividend yield of 3.01%.
Full articleSummary: Massachusetts Financial Services Co. MA decreased its position in Comcast Co. by 2.3% in the 4th quarter, according to the company's recent filing with the SEC. Various hedge funds also adjusted their holdings of CMCSA. Wall Street analysts forecast growth for Comcast. Comcast reported better-than-expected earnings results for the quarter.
Full articleSummary: Boston Partners reduced its position in Amgen Inc. by 11.3% during the 4th quarter, selling 224,579 shares. Several other hedge funds also adjusted their positions. Insider activity was noted with a senior vice president selling shares. Wall Street analysts mostly have a positive outlook on Amgen. Amgen traded down 0.9% on Friday.
Full articleSummary: Comcast (NASDAQ:CMCSA) fell by 3.02% to trade at $42.44 on Friday on the NASDAQ exchange.
Full articleSummary: Dimensional Fund Advisors LP increased its position in General Electric by 8.2% in the 4th quarter as per the recent Form 13F filing with the SEC. Several other hedge funds also added to their stakes in the company. Insider activity includes a recent sale of company stock by SVP Michael J. Holston. General Electric recently reported quarterly earnings with a beat on EPS and revenue. The company increased its quarterly dividend payment. Wall Street analysts have provided varying ratings and price targets for GE stock.
Full articleSummary: QRG Capital Management Inc. increased its position in Gilead Sciences by 33.3% in the 4th quarter, along with several other large investors making changes to their positions in the company. Insider selling occurred with an insider selling 2,000 shares of Gilead Sciences stock. The trading of Gilead Sciences stock was up 2.1% with a trading volume of 8,733,211 shares.
Full articleSummary: Charter Communications, Inc. (NASDAQ:CHTR) stock is considered fairly priced at around 19% below its intrinsic value. Analysts believe that the optimistic future growth of the company seems to have already been factored into the current share price.
Full articleSummary: Massachusetts Financial Services Co. MA reduced its stake in Lowe's Companies, Inc. by 1.0% during the 4th quarter, selling 84,459 shares. Other hedge funds also bought and sold shares of the company. Lowe's Companies recently announced a quarterly dividend of $1.10 per share.
Full articleSummary: Berkshire Hathaway's new buyback policy and strong financial results of banks like Morgan Stanley lead to a surge in financial stocks on US markets.
Full articleSummary: Consolidated Capital Management LLC decreased its holdings in Caterpillar Inc. by 22.4% in the fourth quarter, according to its most recent disclosure. Other hedge funds have also made changes to their positions in the company. Wall Street analysts forecast growth in Caterpillar. The company reported earnings that topped analysts' consensus estimates and declared a quarterly dividend. Insiders have also been active in trading Caterpillar's stock.
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