Summary: ServiceNow announced a collaboration with IBM to incorporate IBM watsonx into its AI platform, Now Platform, to boost productivity and workflow efficiency for customers and partners.
Full articleSummary: Disney reported profits from its streaming services Disney+ and Hulu for the first time in the second quarter earnings report. Analyst Naveen Sarma believes that Disney will be able to achieve margins similar to Netflix's due to its lead in scale and effective bundling strategy.
Full articleSummary: Google DeepMind has unveiled the new version AlphaFold 3, an advanced machine learning model that predicts protein shapes and interactions more accurately, making it a versatile research tool. The company is offering a limited version of the model for free use online, which could significantly benefit the field of biology and drug design.
Full articleSummary: Wall Street's major indexes ended mixed as S&P 500 and Dow hit multi-week highs. FMC Corp. and GlobalFoundries were top gainers, while Builders FirstSource and Walt Disney were top losers. Fed officials hint at keeping interest rates steady. U.S. consumer credit rose less than expected in March.
Full articleSummary: ExxonMobil is working on the next two Guyana developments simultaneously, without disclosing specific names or timelines for when plans will be submitted for government approval.
Full articleSummary: Sweden has cut its interest rates from 4% to 3.75%, aiming to ease monetary policy as inflation approaches the target despite weak economic activity.
Full articleSummary: Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on Thursday, May 16 at 9:00 a.m. central time. The call will discuss the company's financial and operating performance with analysts, investors, and the financial community.
Full articleSummary: Coca-Cola HBC AG reported repurchasing 29,150 of its own shares at prices between £26.96 and £27.00 per share, signaling a commitment to return value to shareholders and potentially enhance future earnings per share.
Full articleSummary: ServiceNow announced collaboration with IBM to accelerate the impact of generative AI across the enterprise by integrating IBM watsonx with the Now Platform. The new integration aims to boost productivity and enhance customer experiences by incorporating IBM Watson models into ServiceNow's GenAI experience.
Full articleSummary: Lithuanian customs detained two Tesla Cybertrucks suspected for smuggling into Russia, which raised concerns due to EU restrictions on vehicles to Russia. The Cybertrucks were not available in Europe at that time.
Full articleSummary: Bank of America's stock (NYSE: BAC) has shown YTD growth of 11%, trading 6% below its fair value of $40. Despite facing underperformance against S&P 500 in 2022 and 2023, BAC saw gains in early 2024. The bank exceeded street estimates in Q1 2024, despite a decrease in total revenues due to lower net interest yield.
Full articleSummary: Rohan Reddy from Global X ETFs suggests investors focus on mega cap stocks in the tech sector with strong balance sheets and potential for earnings growth. He specifically mentions Nvidia as a stock to consider due to its unique position in AI and data center growth. On the other hand, he advises staying away from companies overly reliant on the consumer base like Starbucks and McDonald's due to stretched consumer finances and high inflation.
Full articleSummary: Apple unveils major update to iPad with new models and high-tech chip M4, aiming to push the limits of performance and computing power.
Full articleSummary: Billionaire investor Stanley Druckenmiller revealed he cut his position in NVIDIA, citing the stock price reaching $900 as a reason for the sell-off. He remains bullish on AI in the long term but sees AI as currently overhyped. Druckenmiller also criticized the US Federal Reserve's decision to consider rate cuts despite rising inflation.
Full articleSummary: Apple unveiled its newest lineup of iPads, including the M4 iPad Pro and a 13-inch iPad Air, alongside the Apple Pencil Pro with upgraded features like a squeeze function, gyroscope barrel roll, and Find My technology. The Apple Pencil Pro is designed for advanced users like creators and developers, those who frequently misplace their tech gear, and customers planning to buy the newest iPads.
Full articleSummary: Palisade Asset Management LLC increased its position in Texas Instruments by 348.4% in the 4th quarter, with other institutional investors also making changes. Insider activities include significant stock sales by Chairman Richard K. Templeton and Director Robert E. Sanchez. Analysts have mixed ratings on TXN stock, with an average price target of $180.74.
Full articleSummary: Colgate-Palmolive's stock price hit a new 52-week high on Wednesday, with analysts forecasting growth and Wall Street giving mostly positive ratings. The company also announced an increase in dividend and reported strong quarterly earnings performance.
Full articleSummary: Simmons Bank reduced its holdings in Amgen Inc. by 16.0% in the fourth quarter, with other institutional investors also adjusting their positions. Additionally, SVP Nancy A. Grygiel sold 2,117 shares of Amgen stock recently. Analyst ratings for AMGN have seen changes, with varying target prices and ratings from different brokerages.
Full articleSummary: Several institutional investors, including Patrick M Sweeney & Associates Inc., have recently increased their stakes in PepsiCo, Inc. by buying shares during the fourth quarter. Analysts have set new price targets for the stock and given it various ratings, with a corresponding average target price. PepsiCo also reported an increase in its quarterly dividend.
Full articleSummary: Gilead Sciences stock has been underperforming, particularly due to falling sales of its Covid-19 treatment Veklury. The stock is currently trading at $65 per share, lower than the level seen in December 2021. However, there is potential for growth in the stock as it has a lower price-to-revenue ratio compared to its five-year average, indicating room for improvement.
Full articleSummary: Rohan Reddy, director of research at Global X ETFs, discusses the current market environment and suggests investing in mega cap stocks in the tech sector, particularly highlighting Nvidia for its AI capabilities. He warns against consumer-reliant stocks due to stretched consumer finances and high inflation.
Full articleSummary: Google DeepMind and Isomorphic Labs have developed a new AI model AlphaFold 3, which can predict interactions of molecules involved in biological processes more accurately, aiding in drug discovery and understanding diseases. The model is considered a major leap forward in biological research.
Full articleSummary: High-rolling investors have taken bullish positions on IBM with significant options trading activity. The sentiment among major traders is split 50% bullish and 50% bearish, targeting a price range of $110.0 to $185.0. Professional analysts have mixed ratings for IBM with price targets averaging around $169.8.
Full articleSummary: A man in Georgia was surprised with a birthday party at Costco by his family and friends, captured in a viral video.
Full articleSummary: PepsiCo Inc stock has a Golden Cross pattern, recent positive earnings beat, and bullish analyst sentiments indicating a potential uptrend.
Full articleSummary: United Parcel Service (UPS) closed at $212.19, marking a +1.8% increase from the previous day. Analysts expect UPS to post earnings of $3.05 per share with revenue of $26.97 billion in the next earnings release. The company currently holds a Zacks Rank of #3 (Hold) with a slightly higher Forward P/E ratio compared to the industry average.
Full articleSummary: Nike is preparing to release the Nike Kobe 9 Elite Protro “Masterpiece” next spring, a popular silhouette originally launched in 2014 through a collaboration between Kobe Bryant and Nike's Eric Avar.
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