Summary: American Elec Power (AEP) had its Relative Strength (RS) Rating upgraded from 68 to 71, still below the desired level of 80. The company's earnings-per-share growth dropped in the prior quarter, but the top line showed improvement.
Full articleSummary: Danaher (DHR) had its Relative Strength (RS) Rating upgraded from 68 to 71 which is a welcome improvement but still below the desired 80 threshold. The company is working on a flat base with a 259.00 buy point.
Full articleSummary: ServiceNow and Microsoft are integrating Now Assist and Copilot, bringing the power of two generative AI systems into one seamless experience, allowing employees to get the help they need across platforms. The partnership aims to reduce time on administrative tasks, provide real-time insights, and improve productivity for ServiceNow users.
Full articleSummary: Microsoft intends to change its security business, highlighting the need for radical restructuring and prioritizing security over other development aspects. CEO Satya Nadella emphasizes security as job one and aims to make the development of security technologies and solutions a priority.
Full articleSummary: Alphabet spinout Intrinsic partners with Nvidia to use generative AI for improving robotic programming tasks, leading to more sophisticated robotics solutions for industrial settings including manufacturing.
Full articleSummary: Alphabet is reportedly still interested in acquiring HubSpot, which could lead to one of the biggest deals on record. HubSpot's strong first-quarter earnings report has lifted HUBS stock, beating Wall Street estimates for both EPS and revenue.
Full articleSummary: Innocent Drinks, a beverage brand owned by Coca-Cola, saw success in a recent digital out-of-home campaign in London metro stations, collecting over 25,000 consumer profiles - exceeding expectations by 5,000%. The campaign aimed at boosting brand visibility and first-party data gathering by inviting environmentally conscious consumers to explore the brand's sustainability efforts through QR code-bearing digital billboards.
Full articleSummary: Nvidia and Taiwan Semiconductor (TSMC) are leading the way in AI innovation, collaborating with Synopsys and making strides in semiconductor technology. TSMC also announced plans for a third fab in Arizona.
Full articleSummary: Taoping Inc. unveiled a new AI-powered smart terminal integrating AI Generative Artificial Intelligence (AIGC) with its cloud platform technology, customized advertising content creation and immersive interaction capabilities for advertisers across various sectors.
Full articleSummary: Total earnings for the 440 S&P 500 members are up +5.0% from the same period last year, and the expectation is for the earnings to continue growing in the future. The Tech sector is driving most of the gains in net margins for this year.
Full articleSummary: Total earnings for the 440 S&P 500 members that have reported Q1 results are up +5.0% from the same period last year on +4.2% higher revenues, with 78.0% beating EPS estimates and 60.9% beating revenue estimates. Earnings growth pace for 440 index members shows a modest acceleration, with estimates for 2024 Q2 and full-year 2024 showing positive trends. Several sectors, including Energy and Tech, are expected to drive earnings growth this year.
Full articleSummary: Danaher (DHR) closed higher in the latest trading session, outpacing the S&P 500. Analysts are anticipating a decline in earnings and revenue for the upcoming report in April 2023. Wall Street is maintaining a 'Buy' rating on DHR.
Full articleSummary: Nathaniel Lowe of Texas Rangers continues his strong performance with a six-game hit streak, going 11-for-25 during this period. He seems to have fully recovered from an oblique injury and has a favorable matchup in the next game against LHP Austin Gomber of Colorado on Friday.
Full articleSummary: Alphabet Inc (NASDAQ:GOOGL) is in advanced discussions to acquire marketing software provider HubSpot Inc. (NYSE:HUBS) which could potentially enhance Alphabet's competitiveness in the CRM sector. HubSpot shares surged by approximately 32% over the past year, reflecting market optimism about the potential acquisition. The acquisition could help Alphabet better compete with major CRM players like Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), and Salesforce Inc (NYSE:CRM).
Full articleSummary: Alphabet Inc is in advanced talks to acquire marketing software provider HubSpot Inc. No definitive agreement has been reached yet, with another interested buyer possibly entering the scene, causing uncertainty. HubSpot reported strong financial performance for Q1 FY24 and has seen a notable surge in its stock price.
Full articleSummary: Charter Communications has been granted a patent for managing radio device transmitters, beams, and receivers in a power-limited system using CBRS wireless spectrum, as disclosed by the USPTO. GlobalData's report highlights the company's patenting strategy, with Wireless sensing nodes identified as a key innovation area. The patent also involves dynamic resource allocation for wireless receivers in power-limited systems.
Full articleSummary: Caterpillar (NYSE:CAT) rose by 5.02% on Friday reaching $128.85.
Full articleSummary: Simon Property Group has sold its remaining stake in brand management firm Authentic Brands Group for $1.2 billion. The company also reduced its stake in SPARC Group. Simon Property Group is involved in a venture with WHP Global to potentially buy Express out of bankruptcy with no capital investment required.
Full articleSummary: A decade-long investment into Simon Property Group, Inc. (SPG) starting in 2014 yielded a total return of 44.44% with an average annual return of 3.74%. Dividends reinvested played a significant role in the total return, with $67.87/share paid out to shareholders.
Full articleSummary: U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by deceiving investors and customers about its self-driving capabilities. Regulators are looking into the company's claims to investors regarding its driver-assistance technologies and whether it misled customers about its abilities. The Justice Department is also investigating additional remarks made by Elon Musk and Tesla about their self-driving features.
Full articleSummary: Semiconductor stocks continue to be in focus with Nvidia (NVDA) riding the AI wave and Intel (INTC) struggling with underperformance. Intel's CEO initiated a transformation plan 'IDM 2.0' to revive the company, focusing on innovation, foundry business, and advanced chip development. Despite pessimism, there are expectations of sequential revenue growth in the upcoming quarters.
Full articleSummary: Nike's sneaker blown out by Zion Williamson in a 2019 college basketball game is going up for auction by Goldin, estimated to be worth at least $250,000.
Full articleSummary: IBM launches new tool 'IBM Copilot Runway' for virtual assistants designed to help companies create, customize, deploy, and manage copilots.
Full articleSummary: CytomX Therapeutics shares sold off after reporting initial data from an early-stage trial for its experimental cancer therapy, CX-904, which led to confirmed partial responses in two patients with pancreatic cancer.
Full articleSummary: Stocks were slightly higher on Thursday as traders weighed disappointing earnings against new data that gave Wall Street hope of easier Federal Reserve policy later this year. The Dow gained 155.19 points for its 7th straight upward session.
Full articleSummary: Arkane Studios, owned by Microsoft, announced layoffs with 96 employees losing their jobs in Austin. This is part of a broader trend of tech companies in the area, including Google, Unity, VMware, Expedia, and others, implementing layoffs due to reprioritization of resources.
Full articleSummary: PayPal launches Complete Payments in Italy, a solution dedicated to small and medium enterprises for all payment services, aiming to increase conversions and sales for e-commerce businesses.
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