Summary: Analyst maintained a Buy rating on CVS Health with a price target of $80.00, company's shares closed at $54.91. Truist Financial also maintained a Buy rating on the stock with a $66.00 price target. CVS Health reported a quarterly revenue of $93.81 billion and a net profit of $2.05 billion, with positive corporate insider sentiment.
Full articleSummary: Analysts have provided new ratings for Emerson Electric Company, Montrose Environmental Group, and Louisiana-Pacific. Emerson Electric received Buy ratings from Wells Fargo and Deutsche Numis with price targets of $133.00 and $138.00 respectively. Montrose Environmental was reiterated a Buy by Bank of America Securities with a price target of $52.00. Louisiana-Pacific received a Sell rating from Bank of America Securities with a price target of $70.00.
Full articleSummary: Charter Communications, Inc. has commenced a Tender Offer to purchase its outstanding 4.908% senior secured notes due 2025 for a combined aggregate purchase price of up to $1.7 billion. The Tender Offer will expire on June 7, 2024, and the terms and conditions are described in an Offer to Purchase.
Full articleSummary: Medtronic plc announced that it will report financial results for its fourth quarter and full fiscal year 2024 on Thursday, May 23, 2024.
Full articleSummary: Medtronic plc will report financial results for its fourth quarter and full fiscal year 2024 on Thursday, May 23, 2024. The news release will include summary financial information and a webcast to discuss the results will be held at 7:00 a.m. CDT on the same day. The company also plans to report results for fiscal year 2025 on specific dates.
Full articleSummary: NHTSA writes to Tesla regarding ongoing crashes despite recall to address Autopilot software issues, concerns raised about effectiveness of the remedy and identified crashes post-update installation, NHTSA requests more information from Tesla by July 1 or face $135 million in fines
Full articleSummary: A former employee of Spirit AeroSystems, a major Boeing supplier, alleged that fuselages were regularly shipped to Boeing with serious defects leading to concerns regarding product quality and safety.
Full articleSummary: Costco Wholesale Corp. reported solid April sales figures despite Easter holiday effects. Net sales for the month were $19.80 billion, with a 7.1% year-over-year increase. For the first 35 weeks of the fiscal year, net sales were $166.44 billion, up 7% from last year.
Full articleSummary: Nvidia's venture capital arm, NVentures, invests in Carbon Robotics, a startup that develops autonomous laser-weeding technologies for agriculture.
Full articleSummary: Several investor relations officers (IROs) who have been recognized at the IR Magazine Awards have moved into new roles at companies such as PayPal, Embla Medical, Similarweb, and Banc of California. Additionally, a director of internal communications at Agnico Eagle Mines has transitioned to a new role.
Full articleSummary: Quail Hollow Club in Charlotte has undergone renovations and will host the 2024 Wells Fargo Championship. Rory McIlroy is the favorite, with Xander Schauffele as the second choice and defending champion Wyndham Clark also among the top picks.
Full articleSummary: Blackrock launches LifePath program to address retirement savings concerns
Full articleSummary: Gilead Sciences and Kite, along with other companies, will present data at the American Society of Clinical Oncology meeting
Full articleSummary: Natixis Advisors L.P. increased its stake in JPMorgan Chase & Co. by 14.6% in the 4th quarter, with the institutional investor now owning approximately 0.9% of the company's stock. Multiple other institutional investors also added to their holdings in JPMorgan Chase & Co. Insider activity includes stock sales by CEO Jennifer Piepszak and General Counsel Stacey Friedman. Wall Street analysts have given JPMorgan Chase & Co. positive ratings and target price increases.
Full articleSummary: Benjamin Edwards Inc. raised its stake in JPMorgan Chase & Co. by 5.0% in the fourth quarter, other hedge funds have also added to their stakes, analysts set new price targets including an 'outperform' rating with a $185.00 price target and insiders sold shares of the stock, JPMorgan Chase & Co. stock increased by 2.0% with positive quarterly earnings results and dividend increase.
Full articleSummary: Tesla is escalating the scale of layoffs in China, impacting various departments at the Shanghai factory, with more cuts extending from mid-April, affecting approximately 20,000 employees in China.
Full articleSummary: PepsiCo reported an increase in fourth-quarter profits due to lower charges and continued price hikes, but saw weakened consumer demand for their snacks and drinks. Despite an announcement of a 7% boost to its annual dividend and a $1 billion share buyback, the company's stock ended down 3.6%. The company expects organic revenue growth of at least 4% this year, compared to 9.5% growth in 2023.
Full articleSummary: Oracle is increasing its investments in artificial intelligence in India, including the recent launch of Oracle Database 23ai with enhanced AI capabilities. The company aims to empower enterprises with transformative AI solutions and solidify its leadership in AI-driven technologies.
Full articleSummary: Emerson Electric reported its Second Quarter 2024 Results, showing a 17% increase in revenue but a 4.9% decrease in net income compared to the previous year. However, the revenue and earnings surpassed analyst estimates, with revenue expected to grow 6.1% annually in the next 3 years. The company's shares are also up 5.8% from a week ago.
Full articleSummary: Los Angeles Capital Management LLC increased its stake in JPMorgan Chase & Co. by 11.6% in the 4th quarter, adding 121,407 shares to own a total of 1,171,696 shares worth $199,305,000. Analysts have given JPM a consensus rating of "Moderate Buy" with an average price target of $192.05. JPMorgan reported $4.63 EPS for the quarter, beating estimates of $4.18, with revenue of $41.93 billion.
Full articleSummary: An Oklahoma court has issued a temporary injunction on a state law that prohibits investing in companies not supporting top economic drivers, particularly affecting banks like JP Morgan Chase, Bank of America, Wells Fargo, and Blackrock. The State Treasurer deems these companies as anti-oil and gas due to their ESG policies. There are concerns that this ban could cost Oklahomans millions of dollars.
Full articleSummary: Ford Motor obtained 11 patents in ecommerce during Q1 2024, focusing on innovative technologies such as generating charging reports for vehicles, managing local electrical energy with electrified vehicles, calculating price deductions for vehicle issues, and providing real-time vehicle analytics based on customer usage data. Ford's grant share with an ecommerce theme in Q1 2024 is 54%. One of the recent patents, US20240095790A1, involves a system for privacy-preserving road usage charging reports, ensuring privacy while enabling efficient and accurate charging and crediting processes.
Full articleSummary: Investors have been heavily investing in artificial intelligence (AI) and semiconductor stock Nvidia (NASDAQ: NVDA) due to its AI-driven growth figures. However, headwinds are building up for Nvidia as competition rises and potential bubble concerns loom. Instead, select Wall Street analysts recommend three small-cap stocks with upside ranging from 223% to 557%: Plug Power (NASDAQ: PLUG), Petco Health and Wellness (NASDAQ: WOOF), and Novavax (NASDAQ: NVAX).
Full articleSummary: Pfizer announced the discontinuation of the CIFFREO trial for Duchenne muscular dystrophy after a patient participating in the DAYLIGHT trial passed away, causing the company to pause dosing out of caution.
Full articleSummary: General Datatech (GDT) has achieved Cisco Advanced Customer Experience Specialized Certification, placing it amongst fewer than 1% of Cisco partners in the US to have earned the certification. This certification validates GDT's industry-leading capabilities and commitment to growing a robust software lifecycle practice.
Full articleSummary: ExxonMobil plans to establish a second advanced recycling unit in Baytown, aiming to increase plastic waste processing capacity globally by 2027. The company has already successfully treated over 45 million pounds of discarded plastic and is enhancing its reliability to meet the rising demand for certified-circular plastics.
Full articleSummary: Chevron Corporation's share price has shown growth of 51% in the last three years, outperforming the market return of 17%. However, recent returns have been lower at 7.8%. The company has improved its bottom line over the past three years, transitioning from a loss to profitability.
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