Summary: Piper Sandler maintained a Buy rating on Metlife with a price target of $82.00, while analyst consensus suggests a Strong Buy with a price target consensus of $85.63. KBW also assigned a Buy rating with a $87.00 price target. MET currently has a market cap of $50.15B and a P/E ratio of 24.24.
Full articleSummary: ConocoPhillips is expanding its LNG portfolio by signing more offtake deals and securing additional regasification capacities in various projects in North America and Europe. The company is also considering selling its stake in the Port Arthur LNG project.
Full articleSummary: Philip Morris International Inc. (PM) is well-positioned with solid growth potential driven by its smoke-free products and pricing power. The company expects top-and-bottom-line recovery in 2023, with revenues and adjusted EPS projected to increase. Despite cost concerns, Philip Morris continues to benefit from its strong pricing strategies.
Full articleSummary: Medtronic plc signed a deal with Vizient to offer Touch Surgery Enterprise, an AI-powered cloud-based video management platform for the operating room, likely strengthening its Surgical Robotics business. The global AI-based surgical robots market is expected to grow at a CAGR of 17.2% by 2028. Recent agreements with organizations like ASGE and AWS demonstrate Medtronic's commitment to expanding its reach and offerings in the healthcare sector.
Full articleSummary: Medtronic plc shares traded down 0.5% on Monday amid analyst reports and dividend announcements, with insider selling and increased institutional investor stakes.
Full articleSummary: Gilead Sciences reduced its charitable donations by 59% despite no change in revenues, raising questions about its priorities and intentions.
Full articleSummary: International Business Machines Corporation (NYSE:IBM) is set to trade ex-dividend, with the ex-dividend date on May 9th. Shareholders can purchase IBM shares before this date to receive a dividend of US$1.67 per share, payable on June 10th. The company has a trailing yield of around 4.0% based on last year's dividend payments. Both profits and cash flow cover the dividend, indicating sustainability. However, with flat earnings over the past five years, IBM may not be a standout dividend stock.
Full articleSummary: Intuit is integrating TurboTax into its personal finance portal and accounting software to widen its user base during tax season. Analysts predict Intuit could triple its total addressable market opportunity by integrating its products. Intuit's shares were up 1.3% amid this news.
Full articleSummary: Investors are showing renewed interest in Amgen Inc. after a 12% surge in shares fueled by optimism about the company's future in the weight-loss drugs market.
Full articleSummary: MetLife (MET) is a Finance stock with a dividend yield of 3.39% and a payout ratio of 29%. The company has a Zacks Rank of #2 (Buy) and is expected to have earnings growth of 21.46% for the fiscal year 2023.
Full articleSummary: Intuit Inc. reported first-quarter fiscal 2020 earnings of 41 cents per share, beating estimates and showing a 41% year-over-year improvement. Revenues also exceeded expectations, with growth driven by strong momentum in Online ecosystem revenues and Consumer business. The company reaffirmed its guidance for fiscal 2020.
Full articleSummary: ConocoPhillips (COP) has been outperforming the Oils-Energy sector with a year-to-date return of 36.3%, and the consensus EPS estimate for the current year has increased by 25.6%. Peabody Energy (BTU) has also shown strong performance with a return of 128.6% and a consensus EPS estimate increase of 123.1% over the past three months.
Full articleSummary: Amgen Inc.'s stock price experienced a -3.79% decline in trading today, despite showing +3.98% year-to-date growth. Analysts at Baptista Research have a bullish outlook on the company's future, highlighting positive outcomes from recent financial results and acquisitions. Smartkarma Smart Scores indicate a positive outlook for dividends and market momentum but highlight potential challenges in valuation and resilience.
Full articleSummary: Medtronic's stock had a slight uptick in the latest trading session but has been lagging behind S&P 500 and the Medical sector recently. The company is set to announce its earnings with a projected decline in EPS and revenue. Analysts are closely monitoring recent adjustments to estimate changes and Zacks Rank currently rates Medtronic at #4 (Sell).
Full articleSummary: Danaher Corporation (DHR) is benefiting from strong demand in its Life Sciences, Diagnostics, and Environmental & Applied Solutions segments, as well as from the implementation of the Danaher Business System (DBS) initiatives. The company expects steady growth across end markets and has demonstrated disciplined cost management and margin improvement.
Full articleSummary: Danaher (DHR) reported strong full year 2022 financial results with a 6.9% increase in revenue, 15% rise in net income, and an improved profit margin of 23%. Both revenue and earnings per share beat analyst expectations.
Full articleSummary: American Tower (AMT) reported $2.83 billion in total revenue for the quarter ending March 2024, with international markets such as Latin America, Asia-Pacific, Europe, and Africa contributing significantly to its revenue streams.
Full articleSummary: Former Starbucks CEO Howard Schultz suggests the company should refocus on coffee drinks and improve customer experience to address declining sales and revenue. Current CEO Narasimhan's plans include introducing new products but Schultz emphasizes the importance of coffee innovation. Schultz also recommends updating the mobile ordering platform for a better customer experience.
Full articleSummary: Bank OZK lessened its stake in Alphabet Inc. by 4.3% in the 4th quarter, while several other hedge funds and institutional investors added to or reduced their stakes. Insider buying and selling activities were reported. Alphabet's trading was up by 0.4%. The company also announced a quarterly dividend. Analysts have given the stock various ratings, with an average target price of $190.60.
Full articleSummary: National Bank of Canada FI reduced its holdings in shares of ConocoPhillips by 8.9% during the fourth quarter. Insiders at ConocoPhillips sold a significant amount of company stock in recent transactions. Wall Street analysts have issued various ratings and target price updates on ConocoPhillips stock.
Full articleSummary: National Bank of Canada FI increased its stake in shares of FedEx Co. by 9.0% in the 4th quarter, while other hedge funds also added to their positions. Insiders, including Chairman Frederick W. Smith, have recently sold significant amounts of FedEx stock. Wall Street analysts have issued various ratings and price targets for FedEx stock, with an average target price of $301.33. FedEx stock traded up 0.2% on NYSE, reaching $261.28 per share.
Full articleSummary: IBM and IonQ are investing in the growth of the quantum computing market. IBM focuses on expanding its cloud and AI platforms, while IonQ aims to miniaturize its QPUs for rapid expansion. Despite IonQ's promising technology, IBM is considered a better investment due to its profitability and core business expansion.
Full articleSummary: Tesla is facing a series of layoffs, affecting various departments including service advisers, product engineers, and more. Elon Musk reportedly aiming to lay off about 20% of the company's workforce.
Full articleSummary: Pfizer (PFE) is one of the most searched-for stocks on Zacks.com. The company is expected to post varying earnings estimates for the current and next fiscal years, with a Zacks Rank #3 (Hold) indicating a neutral sentiment in the near term.
Full articleSummary: ExxonMobil CEO foresees arbitration with Chevron over Hess purchase and assets offshore Guyana going into 2025.
Full articleSummary: ExxonMobil CEO Darren Woods anticipates arbitration with Chevron over Guyana assets to extend into 2025, as the dispute remains crucial to both companies.
Full articleSummary: Apple Inc. (AAPL) shares have shifted materially following the quarterly results and record buyback announcement. Linde plc (LIN) has outperformed its industry and enhanced global productivity with its industrial gas applications. Comcast Corporation (CMCSA) is benefiting from a growing wireless subscriber base and high-speed internet subscriber gain.
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