Summary: Wedbush raised their Q2 2024 earnings per share estimates for shares of Coca-Cola. Coca-Cola last reported $0.72 earnings per share for the quarter. Analysts have increased price targets on Coca-Cola stock. Insiders have been actively buying and selling shares. Coca-Cola also announced a quarterly dividend.
Full articleSummary: JP Morgan Chase to pay an additional $100 million penalty to US regulator over data deficiencies in its trade surveillance programme after previously being fined $348 million following a coordinated investigation.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock gained 1.28% to Rs 2829.55 in Monday's session with positive financial indicators and market performance.
Full articleSummary: Barclays analyst David E. Strauss maintained a Buy rating on Howmet Aerospace with a price target of $85.00. Bank of America Securities also assigned a Buy rating with a $90.00 price target. The current analyst consensus is a Strong Buy with an average price target of $74.60.
Full articleSummary: The dollar remained steady as soft U.S. jobs report fueled expectations of two rate cuts this year by the Federal Reserve. Yen weakened slightly against the dollar. The yen's intervention by Bank of Japan last week kept traders wary of potential future interventions.
Full articleSummary: A brokerage firm's client base and gross client acquisition increased significantly year over year. Average daily orders showed a mixed trend with slight decrease on MoM basis but significant increase on YoY basis. The company's turnover market share in cash and commodity segments had mixed performance over the month.
Full articleSummary: Coca-Cola (NYSE: KO) has been on a recovery path after facing sales decline years ago. The company's strategic moves, including reorganization, focusing on core brands, and acquiring new ones, are expected to drive growth, with a potential record for annual sales in 2024. Despite trailing the market in stock performance, Coca-Cola remains a reliable choice for stable value and dividends, making it an opportune time to invest in the stock.
Full articleSummary: Booking Holdings (BKNG) stock hit a new 52-week high of $2660.86, gained 31.6% YTD, and reported positive earnings surprises consistently. The company is expected to show strong EPS growth for the current and next fiscal years.
Full articleSummary: Warren Buffett mentioned India at Berkshire Hathaway meeting as an unexplored opportunity with loads of potential but currently untapped. He hinted at exploring it in the future from an investment point of view.
Full articleSummary: The Coca-Cola Thank You Fund has launched its 2024 program, calling on youth groups for funding to enhance young lives through learning and sustainable development in Ireland and Northern Ireland. The fund has a history of supporting education, employability, and environmental leadership for young people aged 16-25.
Full articleSummary: Colgate-Palmolive (CL) is a consumer products maker with a dividend yield of 2.27% and annualized dividend growth of 2.9%. The company's payout ratio is 60% and expects solid earnings growth in 2020.
Full articleSummary: Caterpillar Inc faces inflationary pressures and production delays, leading to a revenue miss, but believes price hikes are sustainable due to strong customer demand. The company expects lower operating profit margin in the current quarter but anticipates improved sales.
Full articleSummary: Exxon Mobil Corporation (NYSE:XOM) is about to trade ex-dividend in the next 4 days, with a dividend payment of US$0.91 per share and a trailing yield of approximately 3.2%. The company has a history of growing earnings and dividends over the past years, has a comfortable payout ratio, and is reinvesting heavily in its business.
Full articleSummary: Medtronic unit has to pay $106.5 million to Colibri Heart Valve for patent infringement related to heart valve replacements, Medtronic plans to appeal the verdict.
Full articleSummary: Coca-Cola is preparing for a potential IPO of its African bottling business, considering a dual listing in Johannesburg and Amsterdam with a valuation of over $8 billion.
Full articleSummary: Exxon Mobil Corporation has witnessed upward earnings estimate revisions for 2021 and 2022, with the stock gaining 53.2% so far this year. The company benefits from the positive trajectory of oil prices and has a strong dividend history and capital return plan.
Full articleSummary: The news provides insights into the high institutional ownership of PayPal Holdings, indicating the stock price sensitivity to institutional trading actions; 40% of the business is held by the top 25 shareholders, with institutions owning 72% of the company; Analyst forecasts and ownership data can give a strong idea about the prospects for the business.
Full articleSummary: US futures are boosted by fewer job additions in April, raising hopes for rate cuts. Berkshire Hathaway AGM reflects Warren Buffett's optimism on Apple. Chicago Fed President advises waiting on rate cuts due to stalled inflation progress.
Full articleSummary: Colgate-Palmolive Co's shares dropped 6% after reporting lower-than-expected quarterly sales, despite increased advertising and price cuts. Gross margins fell due to higher raw material and packaging costs. Company missed sales estimates in five of the past six quarters.
Full articleSummary: Home Depot is expected to report increased earnings and revenue for its second-quarter results. Target's latest quarterly snapshot is predicted to show mixed results with a decline in earnings but increased revenue. Economists project an increase in sales of previously occupied homes for the second month in a row.
Full articleSummary: America’s largest brokers like Charles Schwab (SCHW), E*Trade (ETFC), and TD Ameritrade (AMTD) have announced commission-free trading, resulting in a negative investor sentiment with SCHW stock falling roughly 15% since the announcement. Analysts have downgraded SCHW to a Zacks Rank #5 (Strong Sell) due to falling interest rates and economic uncertainty.
Full articleSummary: McDonald's sources beef from over 100 cows for their burger patties but assures they are made with 100% USDA-inspected beef and no preservatives or fillers. The company is making efforts to be ethical and sustainable by limiting antibiotic use and supporting deforestation-free supply chains.
Full articleSummary: Tamboran Resources intends to list its stock on the New York Stock Exchange through a US IPO to enhance liquidity and access deeper capital markets.
Full articleSummary: Thermo Fisher Scientific (TMO) closed higher than the S&P 500, Nasdaq, and Dow Jones. The company is expected to report a decline in earnings and revenue for the next quarter but projected positive changes for the full year. Thermo Fisher Scientific has a Zacks Rank of #2 (Buy) and is currently trading at a discount compared to the industry average.
Full articleSummary: Caterpillar Inc. (CAT) hit a new 52-week high and has shown impressive growth in both top and bottom lines. The company's earnings beat estimates consistently, and it is investing in battery technology for advanced power solutions. Earnings estimates for CAT have been revised upward, instilling investor confidence.
Full articleSummary: Savant Capital LLC decreased its stake in PayPal Holdings, Inc. by 5.3% during the fourth quarter. In addition, other hedge funds and institutional investors also modified their holdings in the company. PayPal stock opened at $65.70 on Friday, experiencing a 1.9% decrease. Insider selling was reported with a Senior Vice President selling shares. Analyst ratings have been mixed with some upgrades and downgrades.
Full articleSummary: Salesforce insiders have been selling a significant stake in the company over the past year, with Co-Founder Marc Benioff making the biggest insider sale. Insiders did not buy any company stock in the last year, raising concerns among shareholders. Despite high insider ownership, the insider transactions do not inspire confidence in the company.
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