Summary: JPMorgan Chase & Co. will host an Investor Day on May 20, 2024, with presentations by executive management. The event will include a live audio webcast and presentation slides posted on their website.
Full articleSummary: Validea reports that Johnson & Johnson (JNJ) ranks highest using the Shareholder Yield Investor model based on Meb Faber's strategy, which looks for companies returning cash to shareholders via dividends, buybacks, and debt paydown. JNJ's rating based on this strategy is 85%, indicating strong interest in the stock.
Full articleSummary: Broadcom (NASDAQ:AVGO) has seen significant growth since its IPO, with a market cap of $576 billion and a total return of 10,231%, outperforming the S&P 500. Recent acquisition of VMware, AI sales growth, and expanding dividend payout make AVGO a bullish bet.
Full articleSummary: BlackRock has taken a minority stake in Willow to launch specialized certificate programs for financial advisors aimed at addressing wealth transfer to women and younger investors. The partnership is focused on improving financial well-being through tailored training and resources.
Full articleSummary: McDonald's plans to release its biggest burger ever, testing it in a few markets before scaling it globally as they aim to address unmet customer need for larger, high-quality burgers.
Full articleSummary: IBM expands its software portfolio to 92 countries in AWS Marketplace, offering more access to AI and data technologies, along with launching new consulting services on AWS.
Full articleSummary: Ford reported a good quarter with strong performance from the Pro commercial vehicle segment. The company raised its free cash flow guidance and beat earnings expectations. Morningstar believes Ford's stock is undervalued compared to their fair value estimate of $19 per share.
Full articleSummary: Apple CEO Tim Cook confirmed Apple's hybrid approach to AI with a focus on generative AI and AI across all products, mentioning that big AI announcements won't be made before WWDC; Apple CFO Luca Maestri hinted at a continued hybrid model for AI investments, potentially involving third-party partnerships.
Full articleSummary: Starbucks is facing challenges in meeting consumer demand in the U.S. and China, leading to a decline in sales and stock price.
Full articleSummary: Natixis Advisors L.P. raised its stake in RTX Co. by 97.9% during the fourth quarter. Several other institutional investors also modified their holdings of the stock. Insider activity includes significant selling by Shane G. Eddy and CEO Gregory Hayes. Analysts have set new price targets, with the stock currently having a consensus rating of 'Hold'. RTX recently announced an increase in its quarterly dividend.
Full articleSummary: Amgen's stock price surged over 12% after upbeat comments on the obesity treatment drug MariTide, showing 'multi-blockbuster potential'. Analysts predict further gains as Amgen plans late-stage trials. Investors are optimistic about the drug's differentiated profile, minimal side effects, and less frequent dosing.
Full articleSummary: Viking Holdings' shares jumped 9% after IPO launch, following a slower climb compared to Reddit's hype. Sentiment is somewhat bullish.
Full articleSummary: McDonald's CFO announced the launch of a larger satiating burger to be tested in a few markets before scaling globally, with the aim to shift focus to affordability.
Full articleSummary: Bank of America Securities analyst maintained a Sell rating on Patrick Industries today with a price target consensus of $117.00. The insider sentiment on the stock is negative.
Full articleSummary: Comcast RISE program returns in 2024, offering grants and resources to small businesses for growth and inclusion in five cities. The initiative has already assisted 13,500 businesses with over $125 million in grants since 2020.
Full articleSummary: Alaska Air Group received $61 million in supplier credit memos from Boeing as additional compensation for grounding of 737 MAX 9 jets which led to a total of $162 million in compensation in the first quarter. Boeing is compensating United Airlines as well for financial damages due to grounding.
Full articleSummary: Expedia Group (EXPE) slashed its full-year guidance after first-quarter bookings missed estimates, causing its stock to tumble despite an earnings beat on the top and bottom lines. Booking Holdings (BKNG) shares, on the other hand, are rising.
Full articleSummary: A U.S. judge in San Francisco denied the FTC's request to block Intuit Inc from running ads for 'free' tax filing that were deemed deceptive, citing reasons like the tax filing deadline already passing and Intuit removing some of the misleading ads.
Full articleSummary: StackSocial is offering an all-in-one bundle for Office Professional Plus 2019 and Windows 11 Pro at a massive 88% discount, equating to $378 off the regular price. The offer includes lifetime access to these software for one device.
Full articleSummary: Rabbit R1, an AI gadget, is described as fairly useless by a reviewer who found it frustrating, with slow response times and lacking practicality compared to smartphones. Despite an appealing design and background of the company's founder, the device's functionality falls short.
Full articleSummary: Alphabet Inc, Google's parent company, posted fourth-quarter earnings and sales under Wall Street expectations due to decreased spending by Google's advertising clients amid a pandemic-related excess period. The company pledged extended cost discipline, particularly in real estate recruitment, costs, and experimental projects. Advertisers cutting budgets due to rising inflation and interest rates posed challenges to Alphabet's revenue.
Full articleSummary: iShares MSCI USA Value Factor ETF (Symbol: VLUE) experienced a $126.0 million dollar inflow, resulting in a 1.8% increase week over week in outstanding units. Some of its largest underlying components such as Intel Corp (INTC), General Motors Co (GM), and International Business Machines Corp (IBM) saw positive price movements.
Full articleSummary: Microsoft shared its efforts and tools in responsible artificial intelligence practices in an inaugural report, including releasing 30 responsible AI tools with over 100 features to support AI developed by its customers. Despite these efforts, Microsoft's responsible AI team has had to address incidents with its AI models in the past year.
Full articleSummary: Thermo Fisher Scientific (NYSE:TMO) has outperformed the market over the past 20 years by 8.16% on an annualized basis with an average annual return of 16.16%. Currently, it has a market capitalization of $219.66 billion.
Full articleSummary: ConocoPhillips missed first-quarter profit estimates due to lower natural gas prices and increased costs, but plans to increase cash distribution to shareholders. The company's total average realized price fell, while production increased from the previous year.
Full articleSummary: US stocks surged on Friday due to upbeat earnings from Apple and expectations of a sooner-than-expected rate cut by the Federal Reserve. Apple's strong quarterly profit and $110 billion stock buyback plan contributed to the market's positive sentiment.
Full articleSummary: Stock indexes ended the week on a high note due to hope for interest rate cuts as U.S. added 175,000 jobs in April, below expectations, leading to a rise in Dow Jones, S&P 500, and Nasdaq. Apple stock spiked 6% on buyback and earnings beat. Amgen surged 11% on positive trial results for MariTide weight loss drug.
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