Summary: Lockheed Martin successfully transitions Long Range Discrimination Radar to the Missile Defense Agency, completing DD250 final acceptance and starting Space Domain Awareness data collects. LRDR provides the ability to search and track multiple small objects, including ballistic missiles, at long ranges with discrimination capability.
Full articleSummary: Booking Holdings reported a significant beat on Wall Street's first-quarter profit expectations driven by international travel demand, posting a 5.25% surge in shares after-hours and gross travel bookings of $43.5 billion.
Full articleSummary: Boeing was unable to reach an agreement with its union firefighters, leading to a lockout of its private employees after unsuccessful negotiations. Boeing says they have implemented a contingency plan and are using other qualified firefighters.
Full articleSummary: Intel is acknowledging the decline in the PC market due to the rise of smartphones and tablets, but is hopeful about turning the trajectory around by focusing on innovative desktop products and new use cases.
Full articleSummary: Exxon Mobil stock was down 1.5% during mid-day trading on Friday following the earnings report with revenue of $83.08 billion, missing the consensus estimate. Several analysts have given a 'buy' or 'overweight' rating to XOM stock, with a consensus rating of 'Moderate Buy'. The company announced a quarterly dividend of $0.95 per share, with a dividend yield of 3.28%.
Full articleSummary: Sapient Capital LLC purchased a new position in shares of Honeywell International Inc. during the fourth quarter, adding to a number of other institutional investors who also recently increased stakes in the company. Honeywell International's stock also traded up 1.1% and announced a dividend. Insider buying and selling activities were reported as well. Wall Street analysts have given varied ratings to the stock, with an overall consensus of 'Hold'.
Full articleSummary: Berkshire Hathaway reported a steep drop in earnings due to a decrease in the paper value of investments, but its operating earnings increased by 39% driven by strong performance in insurance companies. The company's revenue grew 5% and its cash pile reached a record $188.993 billion. The first shareholder meeting since Vice Chairman Charlie Munger's death will give investors a chance to get to know the potential successors, Ajit Jain and Greg Abel.
Full articleSummary: Meta Platforms stock experienced significant stock volatility due to a 10% drop following its earnings report, signaling investor pessimism, despite the company's strong overall revenue and profitability. The drop in stock price presents a buying opportunity as the company continues to invest in AI technology and other cutting-edge products.
Full articleSummary: Meta Platforms (NASDAQ: META) stock experienced a significant drop of 10% following its earnings report, causing concerns among investors. However, some analysts believe that this dip presents a buying opportunity as the company is still a profitable advertising business driven by its social media platforms and is making strategic investments in AI technology.
Full articleSummary: Starbucks Corporation (NASDAQ:SBUX) missed earnings significantly, leading to a 15% stock plunge after a tough quarter with challenges in locational customers, China, and the Middle East. The company's Q2 earnings showed global revenue down 1%, comp sales declining 4% globally, and operating margin falling 140 bps. Starbucks' key concern is losing market share, especially in China, with competitors like Luckin Coffee Inc. (OTCPK:LKNCY) gaining traction.
Full articleSummary: IBM has named Christina Shim as its new Chief Sustainability Officer, succeeding Wayne Balta who is retiring after 40 years with the company. Shim will be responsible for overseeing IBM's global sustainability strategy and programmes.
Full articleSummary: Intertrust N.V. announced the appointment of James Ferguson as Head of Americas and a member of the Executive Committee. Ferguson brings over 20 years of experience in corporate and fund services from U.S. Bank and J.P. Morgan.
Full articleSummary: Hong Kong-based investment firms show interest in spot Bitcoin exchange-traded funds (ETF) in the United States, with Ovata Capital Management investing $75.53 million in top Bitcoin ETFs. Grayscale Bitcoin Trust (GBTC) records its first inflow this year, with a total net inflow of $378 million for spot Bitcoin ETFs. The BTC price surged over $64,000 as US Federal Reserve hints at potential rate cuts amid cooling labor market and rising unemployment.
Full articleSummary: Investors are concerned about Meta Platforms' stock drop due to higher capital expenditures for AI development, but some analysts see it as a buying opportunity. Meta's core advertising business remains profitable, and the company continues to focus on AI innovation despite past financial struggles.
Full articleSummary: Oriental Land, the owner of Tokyo Disney Resort, is unveiling a new luxury hotel inside Tokyo DisneySea called Fantasy Springs Hotel with a high nightly rate of 341,000 yen ($2,200). This move is part of the company's strategy to enhance its position as one of Japan's top hotel operators by capitalizing on synergies with its theme parks.
Full articleSummary: Warren Buffett warns about potential harm of artificial intelligence due to scamming possibilities and misleading content production.
Full articleSummary: Sapient Capital LLC purchased a new stake in Bristol-Myers Squibb, along with other hedge funds increasing their holdings in the company. Bristol-Myers Squibb recently declared a quarterly dividend and beat the consensus EPS estimates in its latest quarterly earnings report. Wall Street analysts have mixed opinions on the company, with an average rating of 'Hold' and a consensus price target of $60.
Full articleSummary: ARS Wealth Advisors Group LLC significantly reduced its holdings in Medtronic plc by 95.2% during the 4th quarter, according to a recent SEC filing. Multiple other institutional investors have also made changes to their positions in MDT, with some increasing their stakes in the company. Medtronic recently reported quarterly earnings that beat analysts' expectations and also announced a quarterly dividend.
Full articleSummary: Eli Lilly & Company (LLY) stock is recommended for investment due to its strong rank, rising share price and earnings estimates, upbeat financial outlook for 2020, significant pipeline progress, and strategic deals.
Full articleSummary: Wells Fargo & Co. reported record-setting earnings in the first quarter with net income soaring to $3.05 billion, but earnings per share decreased due to an increase in shares outstanding.
Full articleSummary: Broadcom Inc. (AVGO) closed at $553.68, showing a -1.89% change from the previous day, narrower than S&P 500's loss. Analysts expect Broadcom to report earnings of $7.75 per share on December 9, 2021, with a projected revenue growth of 13.7% year-over-year.
Full articleSummary: Tesla has reportedly added Dogecoin as a payment method for some Tesla products, leading to a 20% surge in DOGE price. However, Tesla has not yet confirmed the acceptance of Dogecoin for car payments. Traders reacted positively to the news.
Full articleSummary: Sam's Club is implementing new AI-powered technology at its stores to reduce checkout wait times by verifying payments at exits, with 20% of stores already having the system and aiming for full deployment by the end of 2024.
Full articleSummary: Agilent Technologies announced their participation in the Wells Fargo Securities 2013 Healthcare Conference with a webcast featuring Mike McMullen, president of the Chemical Analysis Group.
Full articleSummary: Oracle plans to open a second cloud region in Singapore to meet the increasing demand for its cloud services in Southeast Asia, marking one of the fastest expansions among major cloud providers.
Full articleSummary: Starbucks is facing a significant decline in sales due to customers switching to rivals or staying at home, partly attributed to slow service and high prices. The company reported its first fall in sales in nearly three years, lost millions of customers, and warned of continued slow sales in the upcoming months.
Full articleSummary: Tesla is introducing a pay-to-unlock range scheme for Model Y owners, launches new RWD model with longest range in US, offers range unlock for previous base model, and overcoming regulatory hurdles for the new scheme.
Full article