Summary: Emerson Electric Co raised its fiscal 2023 forecast due to increased spending on automation, expecting adjusted profit to be between $4.40 and $4.45 per share and revenue to grow about 10.5%, as companies automate factories to streamline operations amid a shortage of workers.
Full articleSummary: Intuit is acquiring Credit Karma in a $7.1 billion cash and stock deal to provide personalized financial assistance to consumers, offering access to credit scores and financial products.
Full articleSummary: UPS and FedEx have halted delivery services to Russia and Ukraine due to the Russian invasion, while DHL has temporarily suspended shipments to and from Ukraine and is avoiding Ukrainian airspace.
Full articleSummary: Medtronic (MDT) has seen a -3.4% return in the past month, with expectations of -7.6% and -1.7% year-over-year changes in earnings for the current quarter and fiscal year, respectively. The consensus sales estimates indicate a decline in revenue for the current quarter while 4 positive EPS surprises were reported in the last four quarters. Valuation analysis suggests the stock is trading at par with its peers.
Full articleSummary: Eli Lilly (LLY) stock performance has been negatively impacted recently, with a return of -6.3% over the past month. However, the company is expected to post strong earnings growth, with estimates indicating positive changes for the current and next fiscal years. The Zacks Rank for Lilly is #3 (Hold), indicating mixed sentiments.
Full articleSummary: Emerson Electric Co. is expected to release first-quarter fiscal 2023 results on Feb 8, before market open. The company's Q4 earnings beat estimates and are predicted to have strong performance in Q1, driven by robust demand, operational efficiency, and acquisitions. However, supply chain constraints and raw material cost inflation could impact results.
Full articleSummary: Emerson Electric Co. is reportedly in talks with Blackstone Inc. to sell a part of its commercial and residential solutions business for a deal valued between $5-$10 billion, but the decision has not been finalized yet. This potential deal comes as Emerson has been focusing on restructuring its portfolio and divesting non-core businesses.
Full articleSummary: Apple Arcade announces the addition of five new games, including Rabbids: Legends of the Multiverse and Tomb of the Mask+. They also introduce the Apple Vision Pro spatial game Where Cards Fall. Subscription pricing details and availability are provided. Exciting updates for popular games are expected in May and June.
Full articleSummary: JPMorgan Chase conducts robotics program in three Chicago schools as part of technology education support initiative.
Full articleSummary: Target is expanding sales of its Cat & Jack children's brand to other retailers, entering the wholesale space for the first time. The company also plans to explore sales opportunities in Europe and the Americas.
Full articleSummary: The Motley Fool recommends options related to Microsoft and has positions in and recommends Microsoft, Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services.
Full articleSummary: Former Starbucks CEO Howard Schultz advised the company to focus on improving its U.S. operations after disappointing second-quarter earnings, suggesting a customer-centric approach and reinventing the mobile ordering and payments platform.
Full articleSummary: Boeing's spaceflight program may reach a significant milestone with the launch of its Starliner spacecraft, carrying two NASA astronauts to orbit. The mission, dubbed the Crew Flight Test, could take off as soon as Monday at 10:34 p.m. ET from Cape Canaveral Space Force Station in Florida. This could be a winning moment for Boeing's spaceflight program and company overall.
Full articleSummary: Berkshire Hathaway reported stronger-than-expected operating profits in the first quarter, earning a record $11.2 billion after taxes, up 39% from the year-earlier period.
Full articleSummary: Intel was not among the 10 best stocks for investors to buy now as per The Motley Fool Stock Advisor analyst team. The advisor service has historically outperformed the S&P 500 significantly since 2002.
Full articleSummary: The stock market was generally positive today with the Dow Jones Industrial Average, Nasdaq, and S&P 500 all showing gains. Berkshire Hathaway stock was steady after reporting earnings. Several individual stocks like Apple, Tesla, Walt Disney, and Micron Technology performed well, while Tyson Foods and Amgen faced declines.
Full articleSummary: Stock indexes climbed despite Apple falling, Berkshire Hathaway remained steady post-earnings, and Bitcoin dropped on news of regulators suing Robinhood. Dow Jones up over 100 points with S&P 500 and Nasdaq also rising. Buffett's Berkshire saw gains with record cash. Robinhood facing SEC lawsuit over crypto unit.
Full articleSummary: Pfizer is hiring for a Manager, QC Analytics Solution Owner role at their Chennai location. The ideal candidate should have a Bachelor’s in Information Technology or related field with 5-10 years of technical/project experience in Lab systems environment. Responsibilities include maintaining a QC Analytics backlog, collaborating with the digital quality team, providing technical support, managing developers/testers, and more.
Full articleSummary: Kraft Heinz reported a 1.2% decrease in revenue to $6.41 billion for the quarter ended March 2024, with an EPS of $0.69. The company delivered a revenue surprise of -0.13% and an EPS surprise of +1.47%. Shares of Kraft Heinz returned -1.9% over the past month.
Full articleSummary: Merit Financial Group LLC lowered its position in Caterpillar Inc. by 65.7% in the 4th quarter, selling 7,417 shares. Several other institutional investors and hedge funds also modified their holdings of CAT. Insider Anthony D. Fassino sold 4,575 shares, while Director David Maclennan bought 350 shares. Analysts have issued diverse ratings on the company, with a consensus rating of 'Hold'.
Full articleSummary: Market experts are questioning which direction the Federal Reserve will take regarding interest rates as inflation remains above target. The Dow Jones Industrial Average soared on Friday amid expectations of rate cuts as a weaker-than-expected April jobs report added to positive inflation sentiments.
Full articleSummary: Former Starbucks CEO Howard Schultz believes the company can recover by improving its U.S. stores' customer experience, mobile order system, and focus on premium drinks. The company recently reported a decline in same-store sales, causing its shares to fall 17%.
Full articleSummary: Emerson Electric Co. (EMR) is expected to report strong top and bottom-line growth in the second quarter of fiscal 2024, driven by robust demand in various end markets, strategic acquisitions, and positive sales forecasts. The company is likely to beat earnings estimates according to the Earnings Whisper model.
Full articleSummary: Whales have taken a noticeably bearish stance on NextEra Energy, with 45% of investors opening trades with bullish expectations and 54% with bearish. Significant options trades detected show a mix of bullish and bearish sentiments.
Full articleSummary: Eli Lilly (LLY) reported an increase in total revenue for the last quarter, with notable contributions from Europe, Japan, China, and other foreign countries. Analysts project a rise in revenue for the current fiscal quarter and the full year, emphasizing the importance of tracking international revenue trends for the company's future trajectory.
Full articleSummary: Kraft Heinz updated its licensing deal with TGI Fridays to sell frozen appetizers for perpetuity in North America, using proceeds to pay back bonds. This move is in line with the trend of food giants incorporating restaurant brands into their portfolios to expand their reach and offer restaurant-quality foods at home.
Full articleSummary: Google is extending its passkeys to boost security for high-risk individuals ahead of major elections, including the US presidential race in 2024. Passkeys will soon support enrollment in Google's Advanced Protection Program and can be used as a sole factor or paired with a password. This move aims to protect against malicious meddling, particularly from state-sponsored threat actors.
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