Summary: Charter Communications announced CFO Jessica Fischer will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024. A live webcast of the event can be accessed on Charter's investor relations website.
Full articleSummary: Amgen (NASDAQ: AMGN) stock has risen 9% in a week due to progress with weight-loss drug MariTide and upbeat Q1 results. Despite fluctuations, AMGN underperformed the S&P 500 in 2021 and 2023. The company expects sales and earnings growth in 2024 with the introduction of new drugs.
Full articleSummary: PepsiCo (PEP) closed slightly higher after a previous day's gain, lagging behind the S&P 500, while approaching its next earnings release with analysts expecting year-over-year growth in earnings and revenue.
Full articleSummary: Charter Communications, Inc. announced that their Chief Financial Officer will participate in the J.P. Morgan Global Technology, Media and Communications Conference.
Full articleSummary: Intel is addressing issues with its processors by pushing a fix through motherboard partners, resulting in a slight increase in share price. However, delays in new graphics processing units (GPU) have raised concerns among users looking forward to Intel's GPUs.
Full articleSummary: Dow (NYSE: DOW) launches two new sustainable varieties of propylene glycol solutions in North America, featuring bio-circular and circular feedstocks, aiming to offer high-performance products with sustainability benefits.
Full articleSummary: CVS Health Corp. is tapping the investment-grade corporate bond market with a five-part deal, expected to price later in the day, as its outstanding bonds see net buying, signaling bullish sentiment ahead of new supply. CVS has more than $64 billion worth of outstanding debt, of which over $60 billion is in bonds, with many yielding more than 5%. Though CVS stock has been under pressure since an earnings miss, the movement in bond yields is attributed to Treasury yield fluctuations, not credit-quality concerns.
Full articleSummary: Amazon and Alphabet have posted stellar quarterly earnings, proving their strength in AI. Amazon's promising results are driven by heavy investment in AI, particularly in Amazon Web Services (AWS). Meanwhile, Alphabet's revenue has surged as it continues to expand its AI capabilities.
Full articleSummary: Charter Communications, Inc. announced that its Chief Financial Officer will participate in a conference on May 22, 2024, in Boston, Massachusetts.
Full articleSummary: IBM has released a family of Granite code models to the open-source community in order to simplify coding for developers by resolving challenges in writing, testing, debugging, and shipping reliable software.
Full articleSummary: Paypal (PYPL) closed the most recent trading day at $78.54, moving +0.8% from the previous trading session. Heading into today, shares of Paypal had gained 5.73% over the past month, outpacing the sector and index. Paypal is projected to report earnings of $1.19 per share, with positive estimate revisions potentially indicating optimism about the company's business outlook.
Full articleSummary: Analysts are neutral on both NextEra Energy (NEE) and Constellation Energy Corporation (CEG), with no indication of bullish or bearish sentiment. Barclays analyst maintained a Hold rating on NEE with a price target of $66.00, while RBC Capital analyst maintained a Hold rating on CEG with a price target of $211.00.
Full articleSummary: Amazon and Alphabet, two of the world's most valuable companies, have promising prospects in the AI market according to their recent earnings reports. Both companies have been investing heavily in AI capabilities and cloud services, positioning them for potential growth. Amazon's stock has risen 4% since its Q1 2024 earnings release, while Alphabet's shares have increased by 6% since its Q1 2024 earnings report.
Full articleSummary: Coca-Cola Consolidated stock surged over $1,000 following the announcement of a $3.1 billion share repurchase plan despite modest growth in volume and sales for the first quarter of 2024.
Full articleSummary: Top five Nifty midcap stocks with high dividend yield have been unveiled. Companies like Oracle Financial Software Services Ltd, Hindustan Petroleum Corp Ltd, Oil India Ltd, Indian Bank, Petronet LNG, and NMDC Ltd have displayed strong dividend payouts and potential stock price appreciation. Investors are keeping an eye on these stocks for their dividend income and overall performance.
Full articleSummary: Boeing's attempt to launch Starliner spacecraft was called off due to engineering problems with the oxygen release valve of the rocket leading to major embarrassment and further delays for the company.
Full articleSummary: RTX expects a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by Pratt & Whitney. The issue involves a wrongly installed part that needs to be replaced, causing delays in engine deliveries.
Full articleSummary: Salesforce CEO Marc Benioff sold 15,000 shares of the company’s stock in multiple transactions, resulting in a significant reduction in his ownership. Analysts continue to give positive ratings to CRM stock with a consensus rating of 'Moderate Buy' and a target price of $310.61. Large institutional investors have been actively modifying their holdings of Salesforce.
Full articleSummary: John Deere is laying off 34 production employees at its Moline Cylinder Works factory by the end of May, following a series of recent layoffs in different locations.
Full articleSummary: First-quarter results for Simon Property Group were mixed compared with estimates, with occupancy declining but minimum rents improving. The company's funds from operations were impacted by a gain on sale related to selling its share in Authentic Brands Group.
Full articleSummary: Coca-Cola HBC AG announces repurchase of 107,625 ordinary shares as part of ongoing share buyback program.
Full articleSummary: Ford Motor Co. launched a fully digital, video-based training platform called Ford University for dealer training, focusing on a cinematic and storytelling approach personalized for each user.
Full articleSummary: Nvidia's upcoming Blackwell laptop graphics cards for early 2025 have been leaked, featuring details on VRAM capacity and potential naming scheme adjustments.
Full articleSummary: The Home Depot (NYSE: HD) stock stayed red on Tuesday following an announcement about its upcoming earnings report. The company expects a deceleration in personal consumption growth during 2024, which could affect demand for larger projects in the home improvement business. Despite challenges faced in 2023, Home Depot is planning for a year of continued moderation in 2024.
Full articleSummary: The rise in demand for delivery services is tied to the rise in global e-commerce, with companies like Grubhub Inc. (NYSE:GRUB), Uber Technologies, Inc. (NYSE: UBER), and Amazon.com, Inc. (NASDAQ:AMZN) being part of the best delivery stocks to buy according to hedge funds.
Full articleSummary: Disney's latest quarterly earnings report and conference call highlighted progress towards streaming profits and an increased full-year earnings forecast, but its shares dropped 10 percent due to mixed results and challenges at theme parks. Financial analysts had mixed opinions on the stock, with some downgrading it and lowering price targets, while others maintained a bullish outlook.
Full articleSummary: Van ECK Associates Corp and other institutional investors have increased their positions in BlackRock MuniYield Fund, Inc. during the 4th quarter, as per the recent Form 13F filing. The MuniYield Fund had a solid stock performance and declared a monthly dividend.
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