Summary: Nike's Air Jordan and Air Max sneaker lines have redefined sneaker culture and reaped billions in revenue, with Air Jordan leading to a cult following, while Air Max emphasized cushioning and comfort. Air Jordans remain highly coveted even years after release, with some pairs fetching millions at auctions.
Full articleSummary: The second whistleblower linked to Boeing dies after a brief illness, raising concerns about potential defects with the 737 Max.
Full articleSummary: Defense contracts valued at $7.5 million and above have been awarded to several companies across different sectors, including Boeing, AT&T, Lockheed Martin, and others.
Full articleSummary: Booking Holdings (BKNG) closed slightly lower in the latest trading session compared to the prior day. Analysts are expecting positive growth for the company with an upcoming earnings report stating an estimated year-over-year increase in earnings and revenue. Recent estimate revisions and the company's current valuation metrics are indicators for investors to consider.
Full articleSummary: Apple will hold its 'Let Loose' event on May 7, showcasing new iPad Pro with OLED display and M4 chipset, refreshed iPad Air with M2 chip, updated Apple Pencil with haptic feedback, and a new Magic Keyboard for iPads.
Full articleSummary: Eli Lilly delays application for accelerated approval of Alzheimer's drug due to concerns over Medicare coverage terms, resulting in a 2.6% drop in their stock price. The company expects little impact from accelerated approval commercially. Data from the confirmatory trial is expected by mid-2023, and analysts predict no significant sales for the drug in the near future. FDA decision on arthritis drug use in COVID-19 patients expected by mid-2022. Fourth-quarter revenue and profit exceeded estimates due to strong demand for diabetes and COVID-19 drugs.
Full articleSummary: Summit Global Investments reduced its stake in Bristol-Myers Squibb by 77.8% in the fourth quarter, selling 133,210 shares. Other large investors also adjusted their holdings of BMY. Bristol-Myers Squibb reported earnings of ($4.40) per share for the quarter, beating analysts' estimates. Analysts have given BMY an average rating of 'Hold' with a consensus target price of $60.00.
Full articleSummary: Zacks.com highlights the factors affecting Paypal's (PYPL) near-term performance. Paypal is expected to post positive earnings with estimates suggesting growth. The Zacks Rank #3 (Hold) indicates moderate performance in the near term. Paypal is currently valued at a discount compared to its peers.
Full articleSummary: Danaher Co. Director sold 708 shares of company's stock. Quarterly earnings report showed positive results, beating consensus estimate. Company increased its quarterly dividend. Several equities research analysts gave positive ratings on Danaher stock.
Full articleSummary: PayPal Holdings, Inc. (NASDAQ:PYPL) stock was down 2.9% during trading on Friday after missing earnings estimates. Several analysts have given the stock mixed ratings, with a recent average target price of $72.73. Institutional investors have been actively modifying their holdings of the company.
Full articleSummary: General Electric's share price was up 0.7% during mid-day trading on Friday, with several analysts issuing favorable ratings and price target increases. The company also reported positive quarterly earnings results and announced an increase in dividend.
Full articleSummary: Microsoft introduced ZTDNS (zero trust DNS), a framework to enhance security within Windows networks by providing encrypted and cryptographically authenticated connections between end-user clients and DNS servers.
Full articleSummary: Cisco Systems, Inc. has partnered with Telenor to launch 'WorkingGroupTwo' (WG2) to provide cloud solutions for accelerating product innovation in telecom operators. This collaboration is expected to positively impact Cisco's performance. Cisco is also making strategic acquisitions and partnerships to combat industry headwinds and expand in the security market.
Full articleSummary: Democratic secretaries of state urge Meta to stop ads falsely claiming election was stolen, citing harm to public trust and incitement of violence. Meta's election integrity efforts are defended, emphasizing the removal of misinformation regarding voting logistics and threats of violence. YouTube implemented a similar policy last year but faces challenges balancing free speech and prevention of misinformation.
Full articleSummary: Recent discussions on space missions including Boeing's Starliner launch, NASA's Artemis 2 report, and China's Chang'e 6 mission. Companies like L3Harris, Lockheed Martin, and SES making strategic moves.
Full articleSummary: Charles Schwab has laid off about 5% to 6% of its employees to cut costs, with a focus on efficiency and maintaining competitiveness. The company aims to reduce $500 million in costs, partly through staffing reductions.
Full articleSummary: Union Pacific Corporation (UNP) stock is currently trading around 13.10% above the intrinsic value, indicating a relatively fair valuation. The stock price may still have room to sink lower based on its high volatility. The company's future outlook shows expected earnings growth in the teens.
Full articleSummary: The article discusses the importance of investing in profitable, growing companies like Union Pacific (NYSE:UNP) rather than loss-making companies that lack a track record of revenue and profit. It highlights Union Pacific's EPS growth of 11% per year over the last three years and its revenue growth of 14% to US$25b, with a caution about declining EBIT margins. Insider ownership in Union Pacific is mentioned as a positive factor for potential investors.
Full articleSummary: Lowe's Companies, Inc. is highlighted as a value stock with favorable valuation and earnings metrics, along with a Zacks Rank of #3 and Value Style Score of B and VGM Score of A.
Full articleSummary: Salesforce, Inc. shares were up 1.2% during mid-day trading on Friday, with several brokerages issuing optimistic price targets and ratings for the company. The firm also announced a quarterly dividend and saw significant insider selling activity.
Full articleSummary: United Parcel Service, Inc.'s stock price fell 0.2% during mid-day trading on Friday and closed at $146.88, with a consensus rating of 'Hold' and a consensus target price of $165.23. The company reported a strong EPS of $1.43 for the quarter.
Full articleSummary: Integrated energy stocks are performing well due to elevated oil prices driven by strong global demand and tight supplies. Chevron Corporation (CVX) and Royal Dutch Shell plc (RDS.A) hit 52-week highs. On the other hand, ExxonMobil Corporation (XOM) has faced challenges and underperformed, losing 7.5% in 2017.
Full articleSummary: During the Google monopoly trial, the US Department of Justice accused Google of destroying evidence by turning off chat history and argued that this action was to maintain its search monopoly. The DOJ requested the court to sanction Google for hiding information and maintaining its monopoly.
Full articleSummary: JPMorgan Chase (JPM) is highlighted for its dividend distribution, with a dividend yield of 2.83% and a current annualized dividend of $3.20 representing a 29% increase from last year. The company has a payout ratio of 33% and is expecting a 10.44% increase in earnings for 2019.
Full articleSummary: Menlo Security and Google Cloud have partnered to enhance cybersecurity for customers by integrating Menlo Security Enterprise Browser into Google Chrome and utilizing Google's infrastructure and security offerings.
Full articleSummary: FedEx Corp. Board declared a quarterly dividend of $0.14 per share on FedEx Corporation common stock.
Full articleSummary: Amalgamated Bank lowered its stake in Emerson Electric Co. by 5.7% in the 4th quarter, selling 8,411 shares. Several other institutional investors have also made changes to their positions in the stock. Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock. Emerson Electric reported $1.22 EPS for the quarter, beating analysts' consensus estimates.
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