Summary: Wedbush cut their Q3 2024 EPS estimates for Coca-Cola. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates. Several research analysts issued price target and ratings for Coca-Cola. Coca-Cola also announced a dividend and insider buying and selling activities were reported.
Full articleSummary: Amazon and Google have paused US green card applications for immigrants for the rest of the calendar year 2024, intensifying competition and making the situation more challenging for foreign workers. The suspension of the green card application process could make it more difficult for overseas candidates, particularly in the tech industry, to reside in the US for work. Both companies have halted the PERM applications until next year. Indians, along with skilled professionals from other countries, are facing potentially decades-long waits to gain permanent residence due to per-country limits and low annual quotas.
Full articleSummary: NIKE, Inc. (NKE) has been given a consensus recommendation of 'Moderate Buy' by research firms with majority issuing a buy recommendation and an average 12-month price objective of $116.26. NIKE's recent quarterly earnings exceeded estimates and the company announced a quarterly dividend. Institutional investors have shown significant activity in NIKE's shares, with notable inflows and outflows.
Full articleSummary: Boeing prepared to fly astronauts in space for the first time on their CST-100 Starliner spaceship, despite recent safety concerns related to their grounded planes. The mission is part of a test flight for the spacecraft which has undergone rigorous testing with additional safety features built in.
Full articleSummary: IBM's Watson is working with one of the nation's largest health insurers to help diagnose medical problems and authorize treatments.
Full articleSummary: Wall Street financial expert: Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE: JPM) in the fourth quarter. Other institutional investors also modified their holdings of the company. CEO James Dimon and other insiders sold significant amounts of JPM stock recently. The company announced an increase in dividends which resulted in a positive reaction in its stock price.
Full articleSummary: StockNews.com downgraded Booking (NASDAQ:BKNG) from a buy rating to a hold rating. Analysts have a mixed view on the stock with several hold, buy, and outperform ratings. Booking announced positive earnings results for the quarter, exceeding analysts' estimates.
Full articleSummary: Recent economic data suggests a shift in the US economic strategy, with softer US employment data leading to a positive week for the S&P 500 and Treasuries despite divergent economic reports and volatile market conditions.
Full articleSummary: Boeing's Starliner spacecraft is preparing for its Crew Flight Test (CFT) with veteran NASA astronauts, aiming to test all systems and procedures. Developmental flights like CFT bear risks as key systems like life support have not been tested with humans yet. Boeing's progress in recent years indicates certification for future operational missions may be completed by December 2025.
Full articleSummary: Super Micro Computer (SMCI) became the newest artificial intelligence (AI) company in the S&P 500, showing significant growth in share value and market positioning within the AI server market. Despite a minor setback in the third quarter, the company raised its full-year revenue outlook, indicating strong growth potential. The stock is considered a 'buy' by Wall Street analysts with a median price target of $965 per share.
Full articleSummary: Disney experienced major box-office bombs in 2023 with films like The Marvels and Indiana Jones and the Dial of Destiny, resulting in significant financial losses.
Full articleSummary: Sapient Capital LLC acquired a new position in PepsiCo shares, multiple hedge funds and institutional investors have modified their holdings, PepsiCo stock traded up 0.4%, the company reported strong earnings beating estimates, increased dividend, and received new price targets from analysts.
Full articleSummary: National Bank of Canada FI reduced its stake in Eli Lilly and Company by 13.0% during the 4th quarter, selling 50,059 shares. Other hedge funds also bought and sold shares of the stock, with significant ownership by institutional investors. Wall Street analysts have given various ratings to Eli Lilly and Company, with a consensus price target of $757.95.
Full articleSummary: M&T Bank Corp decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.3% during the 4th quarter, according to their recent 13F filing. Several hedge funds and institutional investors also altered their positions in INTU recently. Analysts have issued positive ratings with increased price targets for Intuit. Insider transactions involving selling of Intuit stock by CAO and EVP were reported. Intuit's price performance on NASDAQ INTU was up during a recent trading day.
Full articleSummary: U.S. Capital Wealth Advisors LLC reduced its position in Texas Instruments by 28.3% during the 4th quarter, with several other institutional investors and hedge funds also modifying their holdings. Analysts have set new price targets with various ratings on the stock. Insiders at Texas Instruments have been actively selling company stock. The stock of Texas Instruments is up by 1.8%.
Full articleSummary: First Horizon Advisors Inc. reduced its stake in Capital One Financial Co. by 38.3% during the fourth quarter, as per the 13F filing with the SEC. Several other institutional investors also made adjustments to their positions in the stock. Capital One Financial announced its quarterly dividend recently, offering a dividend yield of 1.69%. Analysts have provided varying ratings for COF stock, with an average rating of 'Hold' and a consensus target price of $138.50.
Full articleSummary: River Global Investors LLP acquired a new stake in Caterpillar Inc. with 16,000 shares valued at approximately $4,732,000. Several institutional investors also modified their holdings of CAT. Insiders sold shares of the firm's stock. Wall Street analysts have issued mixed ratings on CAT. Caterpillar's stock price traded up to $336.75 on Friday.
Full articleSummary: Nio CEO William Li visited the United States for a 48-hour trip, met with Nvidia CEO Jensen Huang, and expressed hopes for Chinese car brands to be sold in the U.S. Nio has been collaborating with Nvidia since 2014 on various technological advancements in their vehicles.
Full articleSummary: Tesla has laid off nearly the entire Supercharger organization, impacting its charging network growth with construction stopping at certain locations. This move has blindsided automaker partners, causing uncertainty. Analysts have mixed opinions on the value of Tesla's Supercharger business.
Full articleSummary: Registrations of Tesla's electric vehicles in California fell 7.8% last quarter, with a further 9.8% decrease in the previous quarter. Tesla also lost 6.4% of the battery electric vehicle market share to Mercedes-Benz and BMW.
Full articleSummary: Warren Buffett's Berkshire Hathaway remains a key investor in Apple despite selling billions of dollars' worth of shares. Buffett expressed confidence in Apple's business model and stated it will remain Berkshire's largest investment unless significant changes occur. Berkshire's stake in Apple decreased from $174.3bn in December to $135.4bn in March.
Full articleSummary: FourThought Financial Partners LLC reduced its stake in Salesforce by 10.5% in the fourth quarter, while other institutional investors like Fisher Asset Management LLC and Northern Trust Corp increased their positions in the company. Insiders have been actively selling company stock. Analysts have mostly given buy ratings for Salesforce with price targets ranging from $290.00 to $350.00 per share.
Full articleSummary: U.S. Bancorp completed the acquisition of MUFG Union Bank's core retail banking operations, enhancing its presence on the West Coast. The deal is expected to be accretive to U.S. Bancorp's 2023 GAAP earnings and set to achieve pre-tax cost synergies of nearly $900 million.
Full articleSummary: Costco members criticize customers abusing the generous return policy, highlighted by a shopper attempting to return a 15-year-old couch, leading to debates within the community on boundaries and ethical behavior.
Full articleSummary: Eli Lilly and Company received an upward revision in earnings estimates for Q3 2024 by Leerink Partnrs, with expected EPS of $3.75, up from $3.35. Multiple analysts have issued positive target price adjustments and ratings for LLY stock. Hedge funds have been actively adjusting their stakes in the company. The company recently reported earnings for the quarter, beating estimates and showing growth in revenue.
Full articleSummary: Warren Buffett's Berkshire Hathaway has reduced its stake in Apple Inc for the second consecutive quarter, with the value dropping to $135.4 billion. Despite this decline, Apple still remains Berkshire's largest holding. Buffett reassured shareholders that Apple would remain the largest investment, even if the cash stake expands.
Full articleSummary: Pfizer Inc. (NYSE:PFE) is about to trade ex-dividend, with the ex-dividend date set before the record date for dividend payment. The company's next dividend payment will be US$0.42 per share. Pfizer reported a loss last year which raises concerns about the sustainability of the dividend payments. The company has increased its dividend at an average rate of 5.8% a year over the past 10 years.
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