Summary: Medtronic reported quarterly earnings of $1.02 per share, surpassing the Zacks Consensus Estimate, with a 30.77% earnings surprise. The company also exceeded revenue expectations by 8.51%. Despite underperforming the market, Medtronic received a Zacks Rank #3 (Hold) with mixed estimate revisions.
Full articleSummary: Honeywell International Inc is experiencing surge in demand for face masks due to coronavirus outbreak, increasing production globally and willing to partner with U.S. government. U.S. invokes special powers to boost production of protective items. Market faces plummet as investors fear pandemic could impact global economy.
Full articleSummary: Apple has released the new iPad Air in two sizes with improved performance and design. The 2024 model offers a bigger screen, better performance with M2 chip, and more storage options. Meanwhile, the 2022 model is available at lower prices with slightly older specs and works with the older Apple Pencil.
Full articleSummary: Tesla has implemented layoffs and a hiring freeze, drastically reducing the number of job postings on its website. CEO Elon Musk has been strict about job cuts to increase productivity and reduce costs.
Full articleSummary: Microsoft has not shut down its African Development Center in Nigeria, but the engineering team has been let go. Workforce adjustments and layoffs are part of the company's strategy to align with market conditions and meet customer needs. Despite previous commitments in developing engineering talent in Nigeria and West Africa, the future of the Lagos facility remains uncertain.
Full articleSummary: Disney and Warner Bros. Discovery plan to combine Disney+ and Disney’s Hulu with Warner Bros.’ Max in a cross-studio bundle which will be made available on both ad-free and ad-supported basis. The deal aims to provide consumers with a vast collection of entertainment.
Full articleSummary: Pilgrim’s Pride (PPC) is rated as the Bull of the Day by Zacks Equity Research, being a Zacks Rank #1 (Strong Buy) stock with strong financial performance and future growth potential. On the other hand, CVS Health (CVS) is labeled as the Bear of the Day with a Zacks Rank #5 (Strong Sell) due to recent earnings miss and lowered outlook, facing challenges in the health solutions sector.
Full articleSummary: Microsoft plans to expand artificial intelligence education and job training programs in southeast Wisconsin, alongside increasing the value of its data center complex in Mount Pleasant. The project is expected to bring 2,000 union construction jobs to the area by the end of the year.
Full articleSummary: John F. Kelly with 40 years of experience at Pfizer Inc. has been elected to the board of directors of Prestige Consumer Healthcare, bringing expertise in quality operations and management.
Full articleSummary: Stocks showed a lack of direction with the Dow closing higher for the sixth straight day, reaching its best closing level in over a month. Major averages finished mixed, with the Dow up 0.4%, S&P 500 flat, and Nasdaq down 0.2%. Uncertainty remains about interest rates. Sector-wise, networking stocks showed a strong move to the upside.
Full articleSummary: Gap has appointed Fabiola Torres as the global chief marketing officer, a new role created by the company to oversee different marketing aspects. Torres has a strong marketing background from her previous roles at PepsiCo, Nike, and Apple.
Full articleSummary: Citigroup (NYSE:C) is undergoing a transformation plan to reduce capital requirement, simplify operations, and improve its business model to resemble that of JPMorgan Chase (NYSE:JPM). Its balance sheet strength, global operations, and potential for excess cash return through buybacks are seen as positive aspects by analysts and experts.
Full articleSummary: Citigroup is undergoing a transformation to become more like JPMorgan Chase, with a strong focus on simplifying its business model and improving its balance sheet. Analysts remain bullish on Citigroup due to its undervaluation and potential for increased returns to shareholders.
Full articleSummary: Everpar Advisors LLC and other institutional investors acquire stakes in Lowe's Companies, Inc. Several hedge funds also recently bought shares of LOW. Analysts set new price targets for LOW stock.
Full articleSummary: Elon Musk hinted that Tesla is planning to adjust the steering wheel nag feature with the upcoming Full Self-Driving (FSD) version 12.4 release, potentially removing it to alert drivers who are not paying attention.
Full articleSummary: Apple CEO Tim Cook made a fashion statement by wearing custom-made Nike Air Max 1 ’86s during an iPad lineup presentation, showcasing a connection with Nike.
Full articleSummary: Gilead Sciences (GILD) stock closed lower than the previous trading day, with estimates showing a decrease in earnings and revenue for the next quarter, along with a lower Zacks Rank of #3 (Hold). However, the stock's valuation metrics such as Forward P/E ratio and PEG ratio are indicating discounts compared to industry averages.
Full articleSummary: A FedEx Boeing 767F landed at Istanbul Airport without its nose gear due to hydraulic failure. Despite the issue, the pilots managed to land safely and no injuries were reported. Turkish authorities are investigating the incident.
Full articleSummary: The article provides an analysis of The Home Depot, Inc. (HD) stock, stating that it is currently trading around its fair value with a slight overvaluation of about 11.26% according to the author's model. The future growth outlook for Home Depot appears unexciting with a modest expected earnings growth of 0.2%.
Full articleSummary: Walt Disney and Warner Bros. Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the US starting this summer. The bundle aims to simplify payment with one bill and possibly offer a discount from subscribing to each app separately.
Full articleSummary: Emerson Electric raised its full-year profit forecast on steady demand in its unit making valves, regulators, and actuators, with sustained demand in measurement and analytical devices from chemical, oil, and gas industries and factory control software offsetting slowing automation demand. The company expects adjusted earnings per share of $5.40 to $5.50 for the full year.
Full articleSummary: Oracle is in discussions for a potential takeover of Cerner Corporation, which could cost nearly $30 billion and would be Oracle's largest acquisition ever. The acquisition could bolster Oracle's cloud business in the healthcare domain amidst a growing global healthcare cloud market.
Full articleSummary: Three men in New Mexico are charged with using Meta's social media platforms to target and solicit sex with underage children. New Mexico Attorney General criticized Meta, placing blame on its executives for not ensuring children's safety on the platform.
Full articleSummary: RTX Co. (NYSE:RTX) hit a new 52-week high, received price target upgrades, reported better than expected quarterly earnings, increased its dividend, and had insider buying and selling activity.
Full articleSummary: AMD gained significant market share in server and consumer PCs in Q1 2024 driven by demand for 4th-Generation EPYC processors and Ryzen 8000-series processors. AMD's unit and revenue shares increased year-over-year, with impressive gains recorded in desktop, mobile, and server CPU markets.
Full articleSummary: Pfizer reports boy’s death in phase II DMD gene therapy study
Full articleSummary: Michigan Fuels, in partnership with ExxonMobil, donated $15,000 to Dearborn Public Schools in an annual tradition. CEO Bill Saad mentioned continuing to support high school students in Southeast Michigan with funds for math, science, and classroom supplies, with the company contributing over $100,000 this year to various school districts. Michigan Fuels is a fast-growing fuel wholesaler in the Midwest.
Full article