Summary: BNY Mellon High Yield Strategies Fund's share price crossed above its 50-day moving average and the stock is up 0.9%. The company also announced a dividend cut and institutional investors have shown interest in the business.
Full articleSummary: JPMorgan Chase & Co. (NYSE:JPM) shares fell 1% on Friday after various analyst reports were released, changing hands at a lower volume than usual. The company also increased its dividend. Insider transactions were reported, and hedge funds made notable changes to their positions in the business.
Full articleSummary: Bank of America raised AAPL's price target to $230 after Apple's earnings report, predicting a multiyear iPhone upgrade cycle driven by generative AI and other catalysts like services growth and margin expansion. CEO Tim Cook is very bullish on opportunities in AI.
Full articleSummary: Thermo Fisher Scientific reported fourth quarter earnings beating analysts' forecasts and revenue exceeding expectations. The company's revenue for Q4 stood at $6.83B, with an EPS of $3.55, surpassing the anticipated EPS of $3.54. Thermo Fisher Scientific shares have seen a 2.78% increase year-to-date.
Full articleSummary: MetLife (MET) is currently identified as a strong value stock, with favorable valuation metrics such as P/E ratio of 7.99, PEG ratio of 1.07, P/B ratio of 0.74, P/S ratio of 0.75, and P/CF ratio of 12.06. The company is classified as a Buy with an A for Value in the Zacks Rank system.
Full articleSummary: Jessica Reif Ehrlich from Bank of America Securities maintained a Sell rating on Altice Usa with an average price target of $3.34. Altice USA has a one-year high of $3.82 and a one-year low of $1.75.
Full articleSummary: A federal judge criticized Google for its 'negligent' policy of deleting employee chat records, which could result in unprecedented changes to the tech giant's core business. The judge expressed concerns over Google's document retention policy and the company's conduct in antitrust cases. The DOJ argued that Google's market dominance allows it to increase prices on advertisers and manipulate search results for profit.
Full articleSummary: Former Spirit Aerosystems employee dies suddenly, Boeing shows interest in acquiring Spirit AeroSystems for safety measures.
Full articleSummary: Andrew Hall, a superstar trader at Citigroup, is causing trouble for the company as Occidental Petroleum agreed to buy Phibro, the commodities trading operation he headed. Citigroup is facing public relations issues due to Hall's $100 million pay package.
Full articleSummary: Paypal launches a new service called Do Stuff For Money, allowing users to post offers to friends in exchange for money.
Full articleSummary: IBM announced an expansion in the availability of its software portfolio in 92 countries through the AWS Marketplace, aiming to simplify procurement processes, streamline purchasing, and create efficiencies leveraging AWS for IBM software purchases.
Full articleSummary: Google Pixel 8a specifications have been leaked, revealing improvements in display, battery, updates, and camera features.
Full articleSummary: Boeing whistleblower John Barnett alleged that workers fitted sub-standard parts to aircraft, risking safety. Documents reveal Barnett was appealing his complaint dismissal by OSHA at the time of his death. FAA found subcontractor forging certificates for cargo doors and Boeing workers committing safety lapses.
Full articleSummary: Nikola (NASDAQ: NKLA) is a low-priced penny stock with potential for significant returns if its fortunes improve, but it faces challenges due to poor operational performance and strong competition from larger rivals like Tesla. Despite government subsidies for electric alternatives in the transportation industry, investing in Nikola may not be a wise choice at this time due to its unsustainable cash burn and expensive valuation compared to industry peers.
Full articleSummary: Amgen's obesity candidate Maritide generates positive buzz during first-quarter earnings call, leading to a 12% increase in Amgen's shares.
Full articleSummary: Comcast has been selected by the Commonwealth of Pennsylvania to expand its network across 158 municipalities with over $61 million funding from the Pennsylvania Broadband Development Authority. The projects are expected to be completed by late 2026.
Full articleSummary: Oracle Co. Director sold 25,000 shares at $116.13 per share, institutional investors weighing in positively, analyst ratings and target prices favorable.
Full articleSummary: Nvidia's shares have been on the rise, maintaining a significant position in the semiconductor industry despite recent weakness.
Full articleSummary: Exxon Mobil completes a $60 billion acquisition of Pioneer Natural Resources, doubling its presence in the Permian Basin and anticipating a rise in production to 2 million barrels per day by 2027.
Full articleSummary: Boeing's Starliner craft carrying NASA astronauts is scheduled to launch on Monday for a mission to the International Space Station. The mission will focus on verifying the transportation system of the capsule.
Full articleSummary: Nike's shares fell 8.7% after reporting underwhelming Q3'2024 results and providing weak full-year guidance, despite beating EPS expectations. The stock is down 11.3% YTD and trading 26.1% below its 52-week high.
Full articleSummary: Wall Street was saved from another losing week by dovish comments from the Federal Reserve and disappointing employment data. The Dow gained 436 points, the S&P 500 increased 28 points, and the Nasdaq netted 229 points for the week.
Full articleSummary: Tech companies are facing challenges in sponsoring foreign workers for green cards due to strict labor rules. The Biden administration is considering a rule change to exempt tech roles, such as software engineering, from certain labor tests to address labor shortages. Microsoft and Google are advocating for this change.
Full articleSummary: Nike (NKE) stock has been struggling but potential for a rebound is on the horizon with upcoming innovations and the 2024 Paris Olympics. Analysts have a positive outlook with an average price target of $111.44, suggesting a 20.9% upside potential.
Full articleSummary: U.S. Senator Ron Wyden demanded that Intuit compensate Oregon taxpayers overcharged due to a TurboTax software glitch. Wyden criticized Intuit's delayed response to the issue and urged the company to identify affected individuals and ensure they receive full tax refunds.
Full articleSummary: ConocoPhillips signs 20-year deals to receive 2.2 million tons of LNG per year from Mexico Pacific's Saguaro export facility. Mexico Pacific also entered a similar deal to supply LNG to China. The Saguaro facility will process low-cost gas from the Permian Basin bound for the Asian market.
Full articleSummary: Google is integrating its new AI model, Gemini, into various products such as Chrome's address bar shortcut '@gemini'. Gemini is expanding to support more languages and getting app support for Android and iOS. Industry observers remain skeptical about Gemini's competitiveness against other chatbots like ChatGPT and MetaAI.
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