Summary: Zacks Research analysts lifted Q2 2024 earnings estimates for Bank of New York Mellon. Consensus estimate for full-year earnings is $5.43 per share. Several equities analysts have issued price target updates and ratings for BK.
Full articleSummary: Benjamin F. Edwards & Company Inc. raised its stake in Capital One Financial Co. by 45.5% during the fourth quarter. Several other hedge funds also adjusted their positions in the company. Multiple research analysts have issued ratings on the stock, with a consensus of 'Hold' and a price target of $138.50. Insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock. Capital One Financial Company announced a quarterly dividend of $0.60 per share on May 24th.
Full articleSummary: Coca-Cola Europacific (CCEP) had its Relative Strength (RS) Rating upgraded from 70 to 73, still short of the 80 or higher score preferred for biggest gains. Company posted 8% earnings growth and is trading within a buying range.
Full articleSummary: Ford Motor Co. is exploring semi-solid state batteries for future production to enhance affordability of electric vehicles as the company invests in breakthrough technology. The company expects its Model e electric vehicle division to incur losses this year despite refreshing 60% of its Ford Blue division lineup by 2024.
Full articleSummary: After Oracle acquired Cerner for $28.4 billion, at least a dozen large clients have been lost, and sales from the division including Cerner are projected to decrease in the ongoing fiscal year. The acquisition has led to layoffs at Oracle.
Full articleSummary: Intel and AMD shares dropped due to underwhelming Q1 results as investors become more selective about AI winners in the market
Full articleSummary: Actor Hugh Grant accuses Apple of destroying the human experience due to an iPad Pro advert where musical instruments and art are crushed by an industrial press.
Full articleSummary: Accidents involving Boeing 737 planes from Air Senegal and Corendon Airlines raise more safety concerns for the aircraft manufacturer. This comes amidst a series of incidents involving Boeing's aircrafts and investigations into falsified inspection records.
Full articleSummary: MetLife's price target was lowered by Keefe, Bruyette & Woods, while maintaining an 'outperform' rating on the stock. Analysts expect the company to post EPS of 8.69 for the current year. The company also initiated a share buyback plan worth $3.00 billion.
Full articleSummary: Maxar Intelligence has signed a deal with Lockheed Martin to expedite delivery of the F-35 Full Mission Simulator (FMS) flight simulation and training system, establishing pricing, licensing, and requirements for various Maxar products, including Dynamic basemaps and Precision3D Data Suite, to enable faster training and mission preparedness operations for F-35 customers.
Full articleSummary: Costco Wholesale Corp (COST) has been highlighted for its strong financial performance and growth prospects, with shares experiencing a 1.37% daily gain and a 7.02% three-month change. The company boasts a GF Score of 92, signaling significant future growth potential.
Full articleSummary: U.S. Department of Commerce announced the revocation of certain licenses for exports to Huawei, affecting Intel and Qualcomm; Intel expects lower second-quarter revenue; US continues to take actions against Huawei due to national security concerns.
Full articleSummary: NextEra Energy (NEE) reported quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.75 per share. The company has surpassed consensus EPS estimates four times over the last four quarters. The stock currently holds a Zacks Rank #2 (Buy), indicating a favorable estimate revisions trend.
Full articleSummary: New options are available for Philip Morris International Inc (PM) for the June 28th expiration, with one put and one call contract of interest. The put contract at the $96.00 strike price potentially provides an attractive alternative to purchasing shares at $98.74/share, while the call contract at the $102.00 strike price offers a way to generate a total return of 3.81% if the stock gets called away at expiration.
Full articleSummary: IBM's quarterly earnings of $3.35 per share missed the Zacks Consensus Estimate. The company has surpassed consensus EPS estimates three times over the last four quarters. IBM's revenue of $16.7 billion also missed the estimate. The stock has lost about 3.2% since the beginning of the year.
Full articleSummary: Federal investigators have expressed concerns about a Ford SUV recall repair that doesn't address gasoline leaks leading to engine fires. The NHTSA is probing the fix involving nearly 43,000 Bronco Sport and Escape SUVs from 2022-2023 model years.
Full articleSummary: Nio has made a deal with BYD to source batteries for a new EV brand called 'Onvo' to compete with Tesla, with an expected price under US$30,000. Nio disputes the information reported by Reuters about battery suppliers. Nio has been expanding into Europe, opening a Smart Driving Technology Centre in Germany.
Full articleSummary: The Turkish Petroleum Pipeline Corporation (BOTAS) and ExxonMobil have signed a deal for liquefied natural gas worth more than $1 billion, with the aim to diversify energy resources.
Full articleSummary: Tesla's move to open its charging network to other automakers has led to cancellations of new Supercharger sites, potentially slowing progress on EVs overall. The Supercharger network has been a key factor in Tesla's success as an EV juggernaut.
Full articleSummary: Apple's iPad Pro advertisement showcasing destruction of creative objects faced severe backlash on social media, with users criticizing the company for its approach.
Full articleSummary: Intel and Qualcomm had their export licenses for a Chinese customer revoked, impacting their sales and stock prices. The U.S. government's move was criticized by China, leading to concerns about national security and AI capabilities.
Full articleSummary: The article discusses the possibility of Broadcom acquiring Intel and the challenges that come with the potential acquisition. It highlights the importance of Intel being able to close the gap with TSMC in its manufacturing process and the financial considerations involved in such a deal.
Full articleSummary: The World Bank priced a USD 1.5 billion Sustainable Development Bond linked to the Secured Overnight Financing Rate (SOFR), attracting over 55 orders and supporting sustainable development. The 4-year SOFR-index linked note pays a coupon of Compounded SOFR +30 basis points, with BMO Capital Markets, CIBC, and Deutsche Bank AG as lead managers for the transaction.
Full articleSummary: Intel's next-gen Panther Lake CPUs in A0 & B0 stepping with GT3 and GT2 tier iGPUs have been revealed along with CPU & PCI IDs. The lineup is expected to debut in the second half of 2025 on the 18A process node, featuring Celestial 'Xe3-LPG' iGPUs and utilizing Cougar Cove P-Core architecture and Skymont E-Core architecture.
Full articleSummary: PepsiCo India is testing a new oil blend for Lay's chips using sunflower oil and palmolein instead of palm oil. The move aims to offer healthier options for consumers and reduce saturated fats in the products.
Full articleSummary: Meta (formerly Facebook) is expanding the use of its generative AI tools for advertisers, offering personalized text, messages, and visuals for ad campaigns. The tools will be free for advertisers but will not be available for political ads. Meta is focusing more on generative AI in its advertising business, providing cheap and powerful ad copy for brands of all sizes.
Full articleSummary: Microsoft emerges as a popular choice among traders and analysts for its strategic positioning in AI, cloud computing, and market diversification, highlighting its resilience in the tech stock market.
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