Summary: Teamsters union members at UPS have approved a new labor deal with a significant wage hike and additional benefits, averting a potential strike.
Full articleSummary: Comcast has blacked out 15 regional sports networks offered by Bally Sports due to a contract dispute with Diamond Sports Group. The blackout impacts games of a dozen MLB teams, escalating tensions between the two companies.
Full articleSummary: Great Valley Advisor Group Inc. trimmed its position in Pfizer Inc. by 39.9% in the fourth quarter, while other hedge funds and institutional investors have been buying and selling shares of the company. Wall Street analysts have issued various ratings on Pfizer. Pfizer's shares traded up 0.4% on Friday. Pfizer also declared a quarterly dividend and beat earnings estimates in the latest quarter.
Full articleSummary: Exxon Mobil Corporation has completed the acquisition of Pioneer Natural Resources Company, doubling its footprint in the Permian Basin and significantly expanding its operations in the region. The merger combines Pioneer's assets and expertise with ExxonMobil's financial strength and technological capabilities, aiming for increased efficiency and reduced environmental impact.
Full articleSummary: Chevron's Gorgon LNG facility in Australia is repairing a mechanical fault in a turbine, works expected to take weeks. The domestic gas and the remaining two LNG production trains are unaffected and producing at full rates.
Full articleSummary: Zacks Style Scores provide guidelines to rate stocks based on value, growth, and momentum, helping investors make confident decisions. A momentum stock analysis is discussed in the article, focusing on RTX, which has Momentum Style Score of A and VGM Score of B, along with positive earnings revisions and earnings surprise.
Full articleSummary: Booking Holdings Inc (BKNG) has shown strong financial performance with a 5.68% daily gain and a three-month change of 3.8%. The GF Score of 93 out of 100 indicates high potential for outperformance, supported by robust profitability, growth metrics, and financial strength.
Full articleSummary: Eli Lilly and Co is deemed significantly overvalued according to its GF Value, showing a stark contrast with the current stock price. Although the company maintains strong profitability and financial condition, investors are urged to carefully consider its valuation before making investment decisions.
Full articleSummary: Nvidia claims superiority in AI processing performance of its GPUs compared to NPUs in upcoming AMD, Intel, Apple, and Qualcomm chips, dismissing them as 'basic'. Nvidia's GPUs fall into the 'Premium AI' category with significantly higher TOPS ratings than NPUs in current chips.
Full articleSummary: Cyprus is requiring Chevron-led consortium to make improvements to their gas extraction plans from the Aphrodite field within six months, following their submission of a new field development proposal.
Full articleSummary: Kraft Heinz's short percent of float has risen by 6.75% since its last report, indicating an increase in short interest which can signal bearish sentiment. However, the company has less short interest compared to most of its peers.
Full articleSummary: Wingstop had its price target increased by Citigroup analysts and multiple other analysts, with an average target price of $330.39. The stock was reported to have a 'neutral' rating by Citigroup and 2.43% potential upside from the previous close. Wingstop also had positive earnings results, beating estimates with $0.98 earnings per share. Insiders have been selling shares, and there have been institutional inflows from large investors.
Full articleSummary: Wells Fargo analyst Larry Biegelsen maintained a Buy rating on Becton Dickinson (BDX) with a price target of $290.00, company's shares closed at $240.35. Analyst consensus is Strong Buy with a price target consensus of $282.50. Piper Sandler also assigned a Buy rating on the stock with a $280.00 price target.
Full articleSummary: The U.S. Navy's Ford-class aircraft carriers are facing significant delays and cost overruns, attributed largely to ambitious technological integrations and recent supply chain disruptions.
Full articleSummary: Booking Holdings (BKNG) reports strong Q1 performance with notable rise in stock due to exceeding earnings and sales forecasts, outpacing competitor Expedia Group (EXPE) and Airbnb (ABNB). BKNG shows sustained strong travel demand and market share gains amidst EXPE's challenges.
Full articleSummary: ExxonMobil's acquisition of Pioneer Natural Resources cleared by US antitrust authorities with conditions.
Full articleSummary: Stock futures rose ahead of the April jobs report, with positive movement expected in the market. Companies like Apple and Amgen saw gains in extended trading, while Cloudflare faced a decline. Major U.S. stock indexes closed higher on Thursday.
Full articleSummary: IBM employees in Brazil are challenging the company's classification of them as sales workers rather than tech workers, leading to legal battles and suits in various states. IBM's decision to exclude Minas Gerais residents from applying for remote jobs has sparked further discontent and legal scrutiny.
Full articleSummary: Ford introduces the new 2024 Ranger Raptor pickup truck to American buyers, featuring a powerful twin-turbo V-6 engine with 405 horsepower, dune-tuned suspension, and aggressive styling inside and out.
Full articleSummary: Dignity Health and Aetna, a CVS Health company, have reached a multi-year agreement allowing Aetna members to maintain in-network access to Dignity Health services in California, Arizona, and Nevada.
Full articleSummary: Costco Auto Program is offering additional discounts up to $2,000 on selected new models of Volvo, Chevrolet, Cadillac, and Polestar vehicles for Costco members. The offer includes savings on gas, plug-in hybrids, and electric vehicles. The program also provides incentives for installing home chargers and various state tax breaks and rebates for electric vehicle purchases.
Full articleSummary: The Kraft Heinz Company outlined its strategic approach to cater to a diverse consumer base, aiming to generate additional net sales through innovation while navigating a challenging economic landscape marked by inflation and shifting consumer trends. The company remains focused on core brand renovations, product expansion, and increased marketing investments, despite facing inflationary pressures and temporary setbacks with a plant shutdown. Kraft Heinz projects mid-single-digit organic growth for the year with improvements planned for the Oscar Mayer and beverage segments.
Full articleSummary: Fake Intel CPU packages, specifically the Intel Core i9 14900K, have been found on sale in China with no actual CPU die underneath the heatspreader. The discovery was reported by a tech site after a buyer found the fake CPU didn't work at all.
Full articleSummary: Ford patent application hints at a pickup truck midgate pass-through assembly, similar to GM's feature, that would extend cargo space into the cab, potentially useful for unibody pickups.
Full articleSummary: Exxon Mobil reported a decrease in revenue, net income, profit margin, and EPS for the first quarter of 2024 compared to the same period in 2023. Despite revenue beating analyst expectations slightly, EPS fell short. The company's shares are also down by 4.2% from a week ago.
Full articleSummary: Chevron Corp. has completed two major acquisitions and is focused on lowering carbon intensity, growing lower carbon businesses, and advancing projects in hydrogen and carbon capture. The company led its peer group in value-creating measures over the past five years and intends to continue returning cash to shareholders through dividends and share buybacks. Chevron expects production to increase in the Permian Basin and Tengizchevroil in Kazakhstan in the coming years.
Full article