Summary: Salesforce's stock price fell 1.7% on Thursday after an insider sold shares in the company. The company's quarterly earnings results were positive, beating analysts' estimates.
Full articleSummary: Investors can be swayed by good stories of loss-making companies, which can lead to emotional investing rather than focusing on fundamentals. Lockheed Martin continues to show growth in earnings per share with 4.0% annual increase over three years and stable EBIT margins along with revenue growth. Insider ownership in Lockheed Martin reassures investors that management is focused on long-term growth.
Full articleSummary: Disney extends permit for potential construction of new Disney Vacation Club property on Bay Lake, raising speculation on future projects.
Full articleSummary: Oracle will expand its R&D capabilities in Morocco by growing its local workforce to 1,000 IT professionals to accelerate the development of cutting-edge technologies such as cloud, AI, and cybersecurity.
Full articleSummary: Tesla fired staff in charge of recharging network due to financial challenges and potential losses in providing charging stations. Lack of a robust charging network may limit the market share of electric vehicles. The electric utility industry is hesitant to invest in charging infrastructure despite the growth potential of EVs.
Full articleSummary: Warner Bros. Discovery, in partnership with Disney, is looking to introduce a three-way bundle comprising Max, Disney+, and Hulu to compete with Netflix and reshape how people view content. The companies aim to offer the bundle at an attractive price point to increase subscriber value and efficiency in content spending.
Full articleSummary: Mortgage rates declined for the first time in six weeks due to a weaker-than-expected jobs report impacting rates. Market participants anticipate federal funds rate cuts and the Fed slowing down Treasury securities portfolio runoff to pull yields lower.
Full articleSummary: The Home Depot, Inc. has received a consensus recommendation of 'Moderate Buy' from analysts, with a 1-year target price of $375.19. The CEO and EVP recently sold shares, and institutional investors made changes to their positions. In trading news, Home Depot stock went up 2.2%.
Full articleSummary: 1. Earnings season is in the final stretch with companies like GoodRx (GDRX), Roblox (RBLX), and Alphabet (GOOG, GOOGL) reporting their latest results. Stock buybacks have reached their highest level since 2018. 2. Uncertainty about corporate earnings is affecting stock performance, with tech companies delivering on high expectations but focus turning to big consumer names. 3. Alphabet (GOOG, GOOGL) is reportedly in talks to acquire software developer HubSpot (HUBS).
Full articleSummary: National Pension Service increased its position in Honeywell International by 1.9% during the 4th quarter, with other institutional investors also modifying their holdings. Insider activity includes significant selling by directors. Honeywell International trading was up 1.3% on Thursday, with shares reaching $200.63.
Full articleSummary: Union Pacific Corporation is anticipated to beat earnings expectations as analysts have recently raised their earnings estimates, leading to a positive Earnings ESP of +0.67% for the current quarter.
Full articleSummary: Lucid Group boss Peter Rawlinson criticizes Tesla for being distracted and emphasizes Lucid's focus on creating electric cars with advanced technology and lower cost.
Full articleSummary: A Hertz customer was wrongfully charged $277.39 for refueling a Tesla Model 3, despite returning it at the same charge level. Hertz initially refused a refund but later apologized and refunded the charge after public backlash.
Full articleSummary: BP's electric charging unit is interested in buying Tesla's Supercharging sites in the US, following recent developments where Tesla plans to expand the Supercharger network at a slower pace. This could potentially benefit other public EV fast-charging networks such as EVgo and ChargePoint.
Full articleSummary: Several pharmaceutical companies have agreed to settle thousands of Zantac cancer lawsuits due to the presence of cancer-causing chemicals in the drug. Pfizer reportedly reached a settlement agreement to resolve 10,000 lawsuits, following a similar deal announced by Sanofi for over 4,000 lawsuits.
Full articleSummary: Texas Instruments CEO will speak at the Bernstein 40th Annual Strategic Decisions Conference in New York City to discuss the company's business outlook and strategy for growth with a focus on analog and embedded processing technologies.
Full articleSummary: ST Davids Capital Inc shares closed at $0.07 with a percentage change from the previous day. TSX Composite closed 1.42%, S&P 500 closed 1.26%, Dow Jones closed 1.18%, and Nasdaq closed 1.99%. ST Davids Capital Inc listed on TSX-V under ticker SDCI-P.
Full articleSummary: Senator Natasha Akpoti-Uduaghan urged Chevron Nigeria Limited to support local manufacturers and invest in Nigeria's petrochemical sector. The visit aimed to strengthen collaboration and discuss key issues in the oil and gas sector.
Full articleSummary: New members Travelers (TRV) and Cisco (CSCO) will replace General Motors (GM) and Citigroup (C) in the Dow Jones Industrial Average next week due to GM's bankruptcy and Citi's ongoing restructuring.
Full articleSummary: BlackRock, Inc. (BLK) has received a 'Moderate Buy' rating from ten brokerages, with eight issuing a buy rating on the company. The average 12-month price objective among analysts is $845.42. Recent earnings report beat estimates, with $9.81 EPS for the quarter.
Full articleSummary: IBM has launched a new program called IBM Copilot Runway to help organizations build custom AI assistants utilizing Microsoft's Copilot technology. This program involves working with IBM consultants to develop Copilots tailored to specific business workflows and needs. IBM is also expanding its IBM-Microsoft Experience Zones to provide hands-on workshops and testing for the Copilot Runway Program.
Full articleSummary: Nvidia doubled its revenue in 2023 driven by high demand for H100 processor in AI and HPC applications, becoming the world's largest fabless chip developer, while companies like Broadcom saw positive growth. AMD faced a slight setback, while Qualcomm and MediaTek experienced declines in the smartphone sector. The industry is expected to expand in 2024 due to the demand for AI processors.
Full articleSummary: NHTSA expresses 'significant safety concerns' over Ford Motor's recall of more than 42,000 SUVs due to fuel leaks that could cause engine fires.
Full articleSummary: Broadcom Ltd has reduced the number of board seats it is seeking at Qualcomm Inc to six from 11 and reiterated its $121 billion deal offer, which will be discussed by both companies ahead of the shareholder meeting on March 6.
Full articleSummary: Critics are denouncing Apple's latest iPad ad as a slight against artists and the creative community, with some saying it depicts big tech crushing human creativity in the name of technological innovation. The controversial ad shows creative objects being pulverized by a hydraulic press, replaced by a new iPad.
Full articleSummary: FedEx Express warned of package delivery delays due to severe weather impacting key facilities in Tennessee and Michigan. UPS did not list any service alerts related to severe weather in the same areas.
Full articleSummary: Analysts have evaluated Costco Wholesale in the past 30 days, with varying sentiments from bullish to bearish. Multiple analysts have maintained or raised their ratings and price targets for the company.
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