Summary: CVS Health extends availability of its COVID-19 antibody testing at MinuteClinic locations across the country, with the aim to boost access to testing services. The testing costs $38, results are available within 15 minutes, and not intended for detecting current infection. CVS Health also offers COVID-19 diagnostic testing at over 4,800 CVS Pharmacy locations.
Full articleSummary: Philip Morris International Inc. hiked its quarterly dividend by 2.4% to $1.30 per share, reflecting an annualized rate of $5.20 per share. The company is focused on enhancing shareholders' returns and is well-positioned in the tobacco industry.
Full articleSummary: Medtronic plc (NYSE:MDT) is about to trade ex-dividend on March 26th. The next dividend payment will be US$0.54 per share, with a trailing yield of approximately 2.8%. The company has been growing its earnings per share by 5.7% annually over the last five years, and it has increased its dividend by an average of 10% per year over the last decade.
Full articleSummary: The ocean sport travel site booking platform market is expected to grow at a CAGR of 5.9% from 2024 to 2032, driven by the rise in adventure tourism and eco-friendly travel experiences. Companies invest in providing comprehensive listings, user-friendly interfaces, and community engagement. The market is witnessing transformative trends such as online booking platforms for water-based activities and increasing demand for sustainable travel options.
Full articleSummary: IHS Markit beat profit forecast, Genworth Financial buyout reapproved, Chevron slashes spending, Milestone Pharmaceuticals reports disappointing results, Invesco Mortgage Capital warns of funding issues, Applied Materials increases borrowing, Twitter pulls revenue forecast, Thor Industries suspends production
Full articleSummary: Coca-Cola Company announced the nationwide launch of Coca-Cola Life, a reduced-calorie beverage sweetened with cane sugar and stevia leaf extract; Coca-Cola, PepsiCo, and Dr Pepper are revamping their product offerings to cater to the shift in consumer preference towards low-calorie drinks; Coca-Cola stock is rated 'Sell' by Zacks Investment Research while Monster Beverage Corporation is rated 'Buy'
Full articleSummary: Amgen stock soared as much as 16% after reporting first-quarter earnings which beat analyst estimates, focusing on its experimental GLP-1 weight-loss drug, MariTide, being in phase two trials and moving towards phase three. Amgen believes MariTide could have peak sales of $5 billion and could potentially address important unmet medical needs in the obesity market.
Full articleSummary: Comcast has cut off 15 regional sports networks distributed by Bally Sports due to a dispute with Diamond Sports Group, affecting baseball game broadcasts across nine states.
Full articleSummary: PayPal and Block reported growth in transactions per account, with evidence that key customers are boosting the firms' working capital and lending arms. PayPal purchased $419 million of receivables in the last quarter and detailed a decline in gross charge offs. Block facilitated 129,000 Square Loans totaling $1.3 billion in originations, with commercial loans held for sale at $475 million. The market shows potential for online players like Block and PayPal among traditional lenders.
Full articleSummary: The article explains Return On Equity (ROE) and its importance in assessing a company's management efficiency by using Gilead Sciences Inc (NASDAQ:GILD) as an example. Gilead Sciences has an ROE of 26%, indicating superior performance compared to the industry average of 21% in the Biotechs sector.
Full articleSummary: Comcast secures 38 percent of Sky's shares in a $40 billion takeover, beating Rupert Murdoch's Twenty-First Century Fox in a rare auction.
Full articleSummary: Los Angeles Lakers fired head coach Darvin Ham and are considering multiple candidates including Tyronn Lue and Mike Budenholzer as potential replacements. The coaching vacancy has become a major topic in the NBA coaching market.
Full articleSummary: Eli Lilly and Co announced an additional $1.6 billion investment at its manufacturing sites in Indiana to support drugs including Jaypirca. The company's total investment in the facilities now stands at $3.7 billion. Lilly plans to scale up further for launches of medicines to treat obesity, Alzheimer's disease, and autoimmune conditions.
Full articleSummary: Medtronic stock closed at $80.81, moving -0.23% from previous session. Analysts expect earnings of $1.56/share with revenue of $8.25 billion. Full-year estimates project earnings of $5.28/share and revenue of $30.92 billion. Recent revisions and Zacks Rank of Hold affecting stock price.
Full articleSummary: Booking Holdings Inc. (BKNG) is poised to beat earnings with favorable earnings estimate revision activity, a Zacks Earnings ESP of +1.67%, and positive Zacks Rank #3 in the upcoming report.
Full articleSummary: Booking.com reported exceeding first-quarter expectations with room night reservations and gross bookings, leading to a nearly 8% surge in its stock price. On the other hand, Expedia Group Inc. plummeted to its lowest value since November due to lackluster performance and downward annual projections, with a 14% nosedive in stock price.
Full articleSummary: Intuit Inc. has shown remarkable share price performance and the potential to exceed expectations in the future. The company reported impressive third-quarter fiscal 2017 results with revenues and earnings beating estimates. Intuit raised its fiscal 2017 guidance, anticipating growth in both revenues and earnings.
Full articleSummary: Leerink Partnrs raised FY2025 earnings estimate for Pfizer to $2.93 per share from $2.68, above consensus of $2.28. Several analysts issued ratings on PFE including downgrades and upgrades. Pfizer recently reported $0.82 EPS for quarter with revenue of $14.88 billion, beating estimates.
Full articleSummary: The article discusses the importance of Return on Equity (ROE) in evaluating a company's performance, with a focus on Simon Property Group, Inc. The company's ROE is calculated to be 64%, which is higher than the industry average. However, it is noted that the company heavily relies on debt to achieve such high returns.
Full articleSummary: ConocoPhillips announced a quarterly dividend of $0.78 per share, representing a 2.55% yield. The company has raised its dividend by 7.7% annually over the last three years and has a payout ratio of 23.9%. Wall Street analysts forecast the company to earn $10.51 per share next year.
Full articleSummary: Broadcom Inc. (AVGO) has been one of the most searched-for stocks on Zacks.com lately. The company is expected to post positive earnings and revenue growth in both the current and next fiscal years. It has a Zacks Rank #3 (Hold) and is considered to be trading at par with its peers based on valuation metrics.
Full articleSummary: Weak economic data and potential rate cuts by the Fed boosted major indices like S&P 500, NASDAQ, and Dow Jones. S&P 500 settled above resistance at 5100 – 5110 and is heading towards 5150, while NASDAQ is trying to break resistance at 17,800 – 17,900. Dow Jones gained momentum, particularly with AMGEN's strong performance.
Full articleSummary: Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources after receiving approval from the U.S. Federal Trade Commission (FTC).
Full articleSummary: Benjamin F. Edwards & Company Inc. significantly increased its position in Salesforce, Inc. by 29.7% during the 4th quarter, with other hedge funds and institutional investors also adding to their stakes. Wall Street analysts have been optimistic about Salesforce, with multiple price target upgrades and buy ratings. Insider activity includes recent stock sales by the company's chief accounting officer and other insiders.
Full articleSummary: Zymeworks (NYSE:ZYME) had its price target reduced by Citigroup and Wells Fargo. Despite the target cuts, ZYME's stock price increased by 2.2% on Friday. The company also reported better-than-expected quarterly earnings.
Full articleSummary: Amgen's SVP & CCO, Nancy A. Grygiel, sold 2,117 shares of common stock at an average price of $313.0853, totaling $662,801.
Full articleSummary: A housing proposal by Freddie Mac could potentially unlock nearly $1 trillion for homeowners through the purchase of secondary mortgages, providing a cost-effective way for borrowers to tap equity and stimulating the economy without increasing the national deficit.
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