Summary: National Pension Service increased its stake in Union Pacific Co., Other institutional investors also increased their stakes in the company, Analysts set new price targets for Union Pacific
Full articleSummary: National Pension Service increased its holdings in Gilead Sciences by 2.3% during the fourth quarter, while other hedge funds also modified their holdings. Also, several analysts have issued reports on the company with a mix of ratings. Gilead Sciences reported better-than-expected quarterly earnings on April 25th and announced a quarterly dividend of $0.77.
Full articleSummary: Big banks are rapidly hiring AI-focused positions despite industry cuts, with JPMorgan Chase, Capital One, and Wells Fargo leading the race. Analyst advises avoiding McDonald's and Starbucks stocks due to certain factors. Competition for AI talent is fierce with tech industry leaders and even federal agencies looking to hire AI professionals.
Full articleSummary: BP Pulse's electric vehicle charging arm plans to take over Tesla's supercharging network in the US and invest $1 billion to expand its network, targeting former Tesla employees. Tesla recently announced a >10% reduction in its global staff.
Full articleSummary: Ford Motor is considering offering gas-powered vehicles and hybrids in Europe beyond 2030, deviating from its initial plan for an all-electric lineup by the end of the decade due to slowed EV adoption and increased demand for hybrid vehicles.
Full articleSummary: National Pension Service increased its holdings in PepsiCo, Inc. by 2.0% during the 4th quarter, with several other institutional investors and hedge funds also buying shares. Analysts have set new price targets for PepsiCo. The company's stock price is up 0.2% and it recently increased its dividend.
Full articleSummary: The Communications Workers of America (CWA) commented on recent layoffs at Microsoft subsidiaries, emphasizing the need for game developers to organize and expressing disappointment in management's profit-focused decisions. Microsoft's overwhelmed state and plans for further cuts were also highlighted.
Full articleSummary: Caterpillar's stock received an upgrade with a new price target of $345, affirming the bullish case for the stock due to its exposure to end-market trends and potential for margin expansion.
Full articleSummary: Despite a potential sell-off, longs came out on top in the stock market. Indexes are showing mixed signals with the potential to challenge all-time highs. Technicals are currently net positive, but a bearish scenario might still play out.
Full articleSummary: Philip Morris (PM) closed lower in the latest trading session, lagging behind S&P 500 and Dow performance. Estimates suggest a decline in year-over-year earnings and revenue for April 20, 2023 release. Philip Morris holds a Zacks Rank of #3 (Hold) with a premium valuation compared to its industry's average.
Full articleSummary: Citigroup upgraded shares of Select Water Solutions from a neutral rating to a buy rating with a target price of $13.00. Additionally, Northland Securities initiated coverage on the stock with a market perform rating and a $11.50 price target. The company's most recent earnings report showed a decrease in revenue compared to the same quarter last year.
Full articleSummary: Ford executives addressed shareholders' concerns about electric vehicles and reported losses while highlighting progress in cutting losses and growing market share, projecting record earnings in 2024. The company is focusing on making EVs more affordable and profitable, with a strong emphasis on hybrid vehicles as well.
Full articleSummary: Starbucks is offering deals on drinks every Friday and personalized offers for rewards members every Monday throughout May. They have released new fruit-forward drinks with raspberry-flavored pearls and unveiled new bakery items as part of their summer menu.
Full articleSummary: PepsiCo selected 10 start-ups for its APAC Greenhouse Accelerator Program 2024 focusing on sustainable agriculture, circular economy, and climate action. The finalists offer innovative solutions in various areas such as carbon capture, soil testing instruments, and gasification technology. The aim is to drive a more resilient and environmentally conscious future.
Full articleSummary: Cisco Systems Inc plans to offer cloud computing services by investing $1 billion over the next two years to compete with Amazon.com Inc. They aim to build data centers for running the new service named Cisco Cloud Services, collaborating with partners like Telstra, Ingram Micro Inc, and Wipro Ltd.
Full articleSummary: Medtronic PLC (MDT) stock has shown strong performance, posting better-than-expected earnings, with positive developments in its various business segments. The company's restructuring initiative is also viewed optimistically, although escalating costs and expenses remain a concern.
Full articleSummary: A man tests Tesla Cybertruck's 'frunk' sensitivity with fruits and vegetables before and after a software update, highlighting safety issues with the closing mechanism.
Full articleSummary: Whales with a lot of money took a bearish stance on Charter Communications with notable options trading activity showcasing a mix of bearish and bullish sentiments. The stock is currently priced at $271.79 with caution advised due to nearing overbought status and the next earnings report set for 78 days from now.
Full articleSummary: National Pension Service increased its position in Lowe's Companies, Inc. by 2.1% in the 4th quarter, owning approximately 0.17% of Lowe's Companies worth $219,303,000. Other large investors also made changes to their positions in the company. Analysts have mixed opinions on LOW shares, with various price targets and ratings.
Full articleSummary: Intuit Dome in Inglewood has been designed with a strong focus on community impact and sustainability, with partnerships and programs aimed at benefiting the local area and its residents.
Full articleSummary: J.P. Morgan analyst maintains Buy rating on Exxon Mobil with a price target of $127.00, UBS analyst also rates the stock as Buy, while Scotiabank maintains a Hold rating. Negative insider sentiment observed with increase in insider selling.
Full articleSummary: Charles Schwab Investment Management Inc. decreased its holdings in shares of Robert Half Inc. by 0.5% in the 4th quarter, other institutional investors also adjusted their stakes in RHI. RHI announced a quarterly dividend to be paid in June. Analyst ratings saw some changes with mixed opinions. Insider selling activity was also reported.
Full articleSummary: Investors are grappling with uncertainty over the Federal Reserve's future actions amidst mixed economic signals and global challenges. Ares Capital admits struggle with interest rate outlook. Stocks like Enterprise Products Partners (EPD), Brookfield Renewable Partners (BEP, BEPC), and Mid-America Apartment Communities (MAA) are positioned to offer attractive long-term risk-adjusted returns regardless of interest rate movements.
Full articleSummary: Coca-Cola, the official sponsor of the Olympic torch relay, is heavily involved in organizing events and concerts related to the relay with a strong focus on creating a magical and engaging experience for the public.
Full articleSummary: Intel has purchased all of ASML's high-NA lithography machines for 2024 to gain a significant advantage in creating next-generation processor designs.
Full articleSummary: ETFSwap is attracting investor attention as prices for Hedera and Ondo Finance suffer a decline, with ETFSwap gaining traction and promising growth potential. Whale investors are notably driving up buy volumes for ETFSwap's native token.
Full articleSummary: MSI is introducing new BIOS updates for its Z790 motherboards featuring the Intel Default Settings profile, aimed at improving stability and performance for 13th and 14th-Gen Core i9 CPUs. The update is imminent, with the BIOS for testing available.
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