Summary: IRSA Inversiones y Representaciones S.A. announced results for the third quarter of fiscal year 2024, reporting a significant loss in net result compared to the previous year but showing growth in rental adjusted EBITDA. Real tenant sales in shopping malls decreased due to inflation and consumption drop. The company approved a cash dividend for distribution in May 2024.
Full articleSummary: Analyst recommendations regarding Nike suggest it is a Buy; however, relying solely on these recommendations may not be advisable due to potential positive bias. Zacks Rank, a tool based on earnings estimate revisions, is suggested for more accurate stock predictions.
Full articleSummary: Broadcom Inc. (AVGO) closed the most recent trading day with a slight decrease but upcoming earnings release on June 12, 2024, indicates a positive outlook with projected growth in earnings and revenue. Zacks Rank system classifies AVGO as a Sell (#4) currently due to recent estimate revisions. Valuation metrics such as Forward P/E ratio and PEG ratio point to potential value opportunity compared to the industry. The Electronics - Semiconductors industry, to which AVGO belongs, is ranked in the bottom 38% of all industries.
Full articleSummary: Broadcom Inc. (AVGO) closed slightly lower than the previous day, lagged behind the S&P 500's losses, and is approaching its next earnings report date with positive expectations for year-over-year growth. Analysts are focusing on positivity and estimate revisions, attributing high correlation between estimate changes and stock prices. The stock is currently rated as Zacks Rank #3 (Hold). AVGO is trading at a discount compared to the industry's average Forward P/E ratio, with a PEG ratio of 0.91.
Full articleSummary: PayPal Holdings, Inc. announced the appointment of Steve Winoker as Chief Investor Relations Officer, who will be responsible for conveying the company's ongoing transformation to the investment community. Winoker's extensive background in financial services and strategic advisory roles, along with his enthusiasm for PayPal's pioneering history and growth potential, align with the company's strategy and growth outlook.
Full articleSummary: Target Corporation is suing the Liberty County Industrial Authority for breach of contract and attorney's fees regarding a land purchase agreement dating back to 2004. The dispute involves allegations of delays and mishaps, including unexpected taxes owed by Target and communication issues. Despite negotiations and exchanges of documents, the deal has not been finalized, leading Target to send an ante litem notice to the LCIA.
Full articleSummary: Hess disputes claims of inadequate disclosures over its proposed sale to Chevron, lawsuits seek to delay or block the $53 billion deal, Hess intends to defend against the allegations and challenges from Exxon Mobil.
Full articleSummary: Drama surrounds Brazilian national soccer team kit contract as CBF considers moving away from Nike after a competitor's massive $197 million offer, which is over five times the current amount received from Nike.
Full articleSummary: Costco is offering a promotion where certain individuals such as college students, teachers, first responders, and military members can earn a $20 Costco Shop Card after becoming a member by following specific steps. It aims to attract new members and provide them a financial incentive to join.
Full articleSummary: Tesla is the top customer of lidar-maker Luminar, accounting for more than 10% of its revenue in the first quarter of 2024. Luminar reported a 45% gain in revenue year-over-year.
Full articleSummary: Charter Communications, Inc. announced the participation of its CEO in the MoffettNathanson Media, Internet and Communications Conference on May 14, 2024.
Full articleSummary: Meta is rolling out new AI tools for businesses to create marketing materials, including image generation, text prompts, and ad headline & copy creation. The announcement of increased funding for AI innovation caused a 15% drop in company stock.
Full articleSummary: Broadcom Inc. (AVGO) closed slightly lower than the previous trading session and has underperformed the market in the past month. The upcoming earnings release is expected to show growth both in earnings and revenue. Positive analyst estimate revisions reflect optimism about the company's future performance.
Full articleSummary: Harvest US Bank Leaders Income ETF USD shares closed at $13.46, advancing 1.74% from the previous day. The TSX Composite closed 1.42%, the S&P 500 closed 1.03%, the Dow Jones Industrial Average closed 0.46%, and the Nasdaq Composite closed 1.19%. HUBL-U.TO traded on the Toronto Stock Exchange with a market capitalization of $0.00.
Full articleSummary: American Tower Co. (NYSE:AMT) director sold 700 shares of the company's stock at $183.50 per share, totaling $128,450.00. The company's stock traded up 1.5% and reached $181.35 on Tuesday. Multiple research analysts have issued positive price targets for AMT.
Full articleSummary: Apollon Wealth Management LLC increased its holdings in Gilead Sciences by 111.2% during the fourth quarter, with other institutional investors also making changes to their positions. Gilead Sciences stock was down by 0.1% and the company announced a quarterly dividend. Various analysts have provided ratings and price targets for the stock, with a consensus price target of $83.69.
Full articleSummary: Welch & Forbes LLC reduced its position in shares of ConocoPhillips by 34.2% in the 4th quarter, with multiple other institutional investors also buying and selling shares. Insiders, including the CEO, have been actively selling shares recently. ConocoPhillips stock performance showed a small decrease on Tuesday. The company also announced a quarterly dividend of $0.78 per share.
Full articleSummary: Apollon Wealth Management LLC increased its position in Union Pacific Co. by 44.5% in the 4th quarter, other institutional investors and hedge funds have also bought shares. President Elizabeth F. Whited recently sold 3,750 shares of the stock. Several research firms have given positive ratings and increased target prices for UNP shares. Additionally, Union Pacific reported earnings above estimates for the quarter and declared a quarterly dividend.
Full articleSummary: Comcast Xfinity has stopped broadcasting Bally Sports networks, leading to fans' disappointment and impact on sports media industry. The dispute revolves around moving Bally networks to a premium tier, which Comcast wanted to do. The disagreement has led to blackout of games affecting viewership.
Full articleSummary: FedEx (FDX) stock closed at $259.47 with a -0.32% change, underperforming the S&P 500 and the Nasdaq but outperforming the Dow. The upcoming earnings report on June 25, 2024, is expected to show growth in earnings and revenue for FedEx. The Zacks Rank for FedEx is currently at #3 (Hold), and the stock is trading at a forward P/E ratio of 14.71.
Full articleSummary: Microsoft's Xbox is shutting down several gaming studios, including Arkane Austin, Tango Gameworks, and Alpha Dog, amid signs of a gaming slowdown. The closures are part of a reprioritization effort to invest more deeply in the portfolio of games and new intellectual property.
Full articleSummary: Disney's streaming service turned a profit for the first time, but shares dropped over 9% as Wall Street reacted negatively to the projected slowdown in entertainment streaming next quarter. Disney is facing challenges in the transition to streaming and competition with tech giants like Apple and Amazon.
Full articleSummary: Analysts at Compass Point and Goldman Sachs reiterated Buy ratings on Simon Property (SPG) with price targets of $180.00, while Scotiabank maintained a Hold rating on the stock. The company's shares closed at $144.44.
Full articleSummary: Apple unveiled new features for the iPad during its 'Let Loose' event, introducing new iPad Air and iPad Pro models, upgrades to Final Cut Pro and Logic Pro, new Magic Keyboards, and a new Apple Pencil Pro. The new iPad Air starts at $599 for 11-inch and $799 for 13-inch, while the iPad Pro is priced at $999 for 11-inch and $1,299 for 13-inch.
Full articleSummary: Home Depot (HD) stock closed slightly lower than the previous session amidst a mixed market performance. Analysts are expecting a decrease in earnings and revenue for the upcoming report, indicating a challenging year-over-year comparison. The company currently holds a Zacks Rank of #4 (Sell), and its valuation metrics show premium compared to the industry average.
Full articleSummary: Elsight Ltd. has successfully integrated its AI-powered Halo connectivity platform with Lockheed Martin’s Indago 4 drone, enabling robust beyond visual line-of-sight operations.
Full articleSummary: Halozyme Therapeutics, Inc. reported a 21% year-over-year increase in revenue to $196 million with net income of $77 million in the first quarter of 2024. The company reiterated its 2024 financial guidance with expected total revenue of $915 - $985 million, adjusted EBITDA of $535 - $585 million, and non-GAAP diluted EPS of $3.55 - $3.90. Halozyme also announced a new $750 million share repurchase program.
Full article