Summary: Agree Realty Corporation (ADC) revealed its 2018 investment and capital market activities, including acquisitions, disposition plans, and successful fund raising. The company diversified its portfolio and reduced tenant concentration in 2018, with an optimistic outlook for 2019. Agree Realty's FFO per share increased marginally in recent days. Also, other real estate companies like Simon Property Group, Inc. (SPG), STORE Capital Corporation (STOR), and National Retail Properties (NNN) have shown upward FFO estimate revisions and hold favorable Zacks Ranks.
Full articleSummary: Intel is rumored to be releasing the next-gen Core Ultra 9 285K 'Arrow Lake' CPU with a 5.5GHz boost clock, comparing lower than the current-gen Core i9-14900KS processor which goes up to 6.2GHz.
Full articleSummary: National Bank Holdings reported a decrease in revenue, net income, profit margin, and EPS in the first quarter of 2024 compared to the same period in 2023. However, the EPS beat analyst expectations by 7.3%. Looking ahead, the company is forecasted to have a 5.0% p.a. revenue growth on average over the next 2 years.
Full articleSummary: Viktor Hovland decides to continue playing on the PGA Tour despite previous rumors of defection to the breakaway league. He confirmed his participation in the Wells Fargo Championship at the Quail Hollow Club after taking some time off from golf due to sub-par performances.
Full articleSummary: 1. Google announced a fresh round of layoffs affecting 200 employees in 'core' teams, aiming to align with the company's goals. 2. HTC is rumored to release the U24 Pro smartphone with possible upgrades, following the launch pattern of its predecessor. 3. Samsung's Q1 report highlights strong earnings with 12.8% year-over-year growth, focusing on Galaxy AI for phone sales and expanding wearables portfolio.
Full articleSummary: Bank of NY Mellon (NYSE:BK) reported first quarter earnings that missed analysts' expectations and revenue fell short of forecasts.
Full articleSummary: Smartkarma Daily Briefs on May 5, 2024 covered various US companies including Marathon Digital Holdings, Bristol Myers Squibb Co, Caterpillar Inc, Comcast Corp Class A, Dexcom Inc, Gilead Sciences, Edwards Lifesciences, Honeywell International, Carrier Global, and more.
Full articleSummary: Berkshire Hathaway's annual shareholders meeting discussed Warren Buffett's thoughts on the company's investments, AI impact, overseas investments, and succession plans, as well as highlighting the importance of the US government's deficit over Federal Reserve policy.
Full articleSummary: Nvidia recorded a -1.46% move from the prior day, outperforming the S&P 500. Investors are optimistic as the company approaches its next earnings release with growth projections in both earnings and revenue. Nvidia currently holds a Zacks Rank of #1 (Strong Buy) and has a higher valuation metrics compared to its industry average.
Full articleSummary: Comcast (CMCSA) experienced a -1.29% drop in its latest trading session, lagging behind the S&P 500 close. Despite that, shares have gained 2.63% in the past month. Analysts are projecting a decline in earnings for the upcoming quarter, but positive estimate revisions indicate optimism about the company's business outlook.
Full articleSummary: Victor Wembanyama collaborates with Nike for his inaugural sneaker line, the Nike GT Hustle 2 'Alien,' drawing inspiration from his exceptional basketball skills and defensive prowess. The sneakers feature a celestial design with black and green colors, reflecting Wembanyama's dominance on the court. They are set to release on May 15th with a retail price of $170.
Full articleSummary: Emerson Electric reported quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.90 per share. The company also posted revenues of $4.43 billion, surpassing expectations. Despite a Zacks Rank of #3 (Hold), the stock has outperformed the market with a gain of 13.4% since the beginning of the year.
Full articleSummary: BlackRock, Inc.'s stock price has dropped 7.0% in the previous week, with insiders selling US$88m in stock over the past year at prices lower than the current share price. Insiders have sold more than they bought in the last year, including the Chairman & CEO selling shares below the current price.
Full articleSummary: The Dow ended the day slightly higher with gains in regional banking and tech stocks offsetting losses in health care stocks. Alphabet and regional banks like U.S. Bancorp (NYSE:USB) and Zions Bancorporation (NASDAQ:ZION) showed strength, while Apple (NASDAQ:AAPL) dipped due to pricing concerns. Illumina Inc (NASDAQ:ILMN) faced pressure amidst regulatory challenges, and Boeing (NYSE:BA) fell after announcing delays in Dreamliner jet deliveries. Coinbase Global (NASDAQ:COIN) shares dropped 12% following a lawsuit by the SEC for U.S. regulations violations, while cryptocurrencies including Bitcoin and Ethereum saw gains despite increased regulatory scrutiny.
Full articleSummary: Elon Musk is making changes at Tesla focusing on robotics and driverless cars, while pushing for his compensation package reauthorization and emphasizing AI development. He has also restructured the company by cutting down the team behind Superchargers and slowing build-out of new locations.
Full articleSummary: Institutional Shareholder Services advised against Boeing CEO's $32.8 million pay package due to concerns over special equity award and increase in long-term incentive grant. This comes amid scrutiny following quality control issues on Boeing aircraft, including a mid-air door blowout incident on an Alaska Airlines flight in January.
Full articleSummary: Apple is hosting an event on May 7, where they are expected to unveil new iPad Pro models equipped with the rumored M4 chip, an updated Apple Pencil with haptic feedback, and a redesigned Magic Keyboard for iPads. Additionally, Beats announced the launch of Beats Solo Buds in June at a competitive price point. Rumors suggest iOS 18 will bring major upgrades to Apple's stock apps.
Full articleSummary: Tesla is pushing to legalise its self-driving system in the UK and Europe by demonstrating its 'full self-driving' technology to officials and being involved in updating UN regulations. Elon Musk is focusing on autonomous driving to boost revenues amid falling car sales.
Full articleSummary: Berkshire Hathaway significantly reduced its stake in Apple during the first quarter as it built its cash position, with the number of shares falling by about 13%. Despite the reduction, Warren Buffett noted that his view on Apple remains unchanged and it is likely to remain Berkshire's largest investment. Berkshire's cash holdings are expected to grow to about $200 billion by the end of the second quarter.
Full articleSummary: Lockheed Martin's business unit, Mission Systems and Training, has secured a $490.6 million modification contract from the U.S. Navy for Aegis Weapon System MK-7, focusing on integrated air and missile defense capabilities for global Aegis fleets, including support for the Republic of Korea Navy, the Japan Maritime Self-Defense Force, and the U.S. Navy's Arleigh Burke-class shipbuilding program requirements.
Full articleSummary: Tesla faced challenges with its Full Self-Driving feature in San Francisco's Sunset District, where left turns were difficult to navigate causing the company to deploy test drivers and software updates. The city's unique streets posed obstacles for Tesla's FSD technology.
Full articleSummary: Tesla has sued an Indian battery maker in the Delhi High Court for violating its trademark by using the brand name 'Tesla Power' to promote its products. The case will be heard again on May 22.
Full articleSummary: FedEx (FDX) withdrew its FY23 earnings forecast due to a volatile operating environment, resulting in a more than 20% drop in its share price. The company's preliminary Q1 results showed a decline in EPS and revenue from the previous year, mainly due to global volume softness and operational challenges. Meanwhile, UPS reported a strong quarter, exceeding EPS and revenue projections while reaffirming its full-year 2022 guidance.
Full articleSummary: Elon Musk's decision to lay off Tesla's Supercharger team leads to uncertainty in the industry tasked with building America's EV charging network. Many question whether Tesla can fulfill federal contracts, impacting the completion of charging stations. However, experts see potential for competitors to step up and democratize US charging infrastructure.
Full articleSummary: Circle K and PepsiCo have partnered to offer an exclusive limited-edition Gatorade Lightning Blast drink at Circle K locations for the summer. They are also providing discounted pricing on Froster and Polar Pop refreshments from May through August.
Full articleSummary: Researchers are developing AI models like VILA framework to address continuous learning challenges and prevent catastrophic forgetting. VILA demonstrated improved visual question-answering accuracy and retention of prior knowledge, outperforming existing benchmarks.
Full articleSummary: Gradient Investments LLC reduced its position in The Home Depot, Inc. by 16.8% during the first quarter, according to the latest Form 13F filing with the SEC. Other institutional investors have also made adjustments to their holdings. Analysts have set new price targets, with the most recent prices all reflecting an optimistic outlook. Insiders have been selling shares of Home Depot. Home Depot stock went up 2.2%.
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