Summary: United Parcel Service (UPS) workers in the U.S. have ratified a new five-year contract with pay raises, elimination of a two-tier wage system, added benefits, and improved working conditions, avoiding a potential strike and ensuring timely Christmas deliveries. The deal received overwhelming support from members of the Teamsters union.
Full articleSummary: United Parcel Service (UPS) plans to hire over 100,000 seasonal workers in the U.S. to meet holiday season demand, aiming to maintain timeliness and strong performance. The hiring process is quick and easy, with positions available for delivery drivers, CDL drivers, and package handlers. UPS' rival FedEx (FDX) is expected to announce similar recruitment plans. Additionally, investors may consider stocks like Air Canada (ACDVF) and Covenant Logistics (CVLG) in the Zacks Transportation sector.
Full articleSummary: PepsiCo Inc. is heading back to court in Australia to appeal a case regarding taxes on royalties for the use of Pepsi trademarks, with a focus on Australia's 'diverted profits tax' (DPT).
Full articleSummary: ConocoPhillips (COP) reported strong Q1 2024 performance with adjusted earnings of $2.03 per share and a production volume of 1.902 million barrels of oil equivalent per day. The company generated $5.1 billion in cash flows and ended the quarter with $6.3 billion in cash and short-term investments. Full-year production outlook remains unchanged with a commitment to return at least $9 billion to shareholders. Operational performance and financial stability position ConocoPhillips well for the rest of the year.
Full articleSummary: Lufthansa Airlines anticipates further delays in the delivery of its first Boeing 777-9, not expecting the first one until 2026 according to CEO Jens Ritter. Ongoing issues with type inspection authorization are creating uncertainty in Boeing's timeline. Several signs point to progress in the certification program, but delays persist.
Full articleSummary: American Towers acquired shares of UPI Torres from Oi S.A. with payment in ATC credits.
Full articleSummary: United Parcel Service (UPS) saw a 0.8% increase in share price following a dividend announcement of $1.63 per share, yielding 4.43%. Analysts have provided various ratings for the stock, with most suggesting a 'Hold' with a consensus target price of $165.23. UPS reported earnings exceeding estimates in the last quarter. The stock has a market cap of $125.53 billion.
Full articleSummary: MetLife announced a $3.00 billion stock buyback program, indicating the company's belief that its shares are undervalued. The company last reported quarterly earnings meeting the consensus estimate and increased its quarterly dividend.
Full articleSummary: MetLife Inc (NYSE:MET) reported adjusted earnings of $1.3 billion, up 20% per share year-over-year, increased share repurchase authorization by $3 billion, and demonstrated solid top line growth with adjusted premium fees and other revenues of $12 billion. The company faced challenges in certain segments but maintained diversification and stability across markets.
Full articleSummary: Federal Realty Investment Trust (FRT) reported quarterly funds from operations (FFO) of $1.64 per share, which missed the Zacks Consensus Estimate of $1.65 per share. Despite this, the company has surpassed consensus revenue estimates three times over the last four quarters. The stock has added about 1.2% since the beginning of the year, underperforming the S&P 500.
Full articleSummary: Intuit Inc appoints Vasant Prabhu, former Visa CFO, to its board of directors for his expertise in financial services, international growth, and technology innovation.
Full articleSummary: Senator Ron Wyden demands Intuit to rectify TurboTax software error causing Oregon taxpayers to overpay state tax, wants company to identify affected individuals and ensure they receive full refunds. Wyden criticizes Intuit for deceptive advertising and requests detailed information to address the issue.
Full articleSummary: Gilead Sciences (GILD) has underperformed significantly in the last eight years, but the pullback in its share price could be an opportunity to buy this quality stock at a discount.
Full articleSummary: Retirees are advised to avoid most biotech stocks due to their risky nature, but Amgen (AMGN) and Gilead Sciences (GILD) stand out with dividend yields of 3% or higher. Both companies are expected to increase their payouts in the future, with Gilead showing resilience despite hepatitis C sales decline and Amgen launching successful new drugs to offset losses.
Full articleSummary: Broadcom Inc. announces go-to-market updates and simplification across its VMware software portfolio, transition to subscription licensing and per-core pricing, and ecosystem standardization; Broadcom plans to deliver more value through VMware Cloud Foundation, focusing on innovation, automation, and network operations capabilities.
Full articleSummary: MetLife Inc reported strong revenue growth and a significant increase in net income in its latest 10-Q report, highlighting its financial resilience and potential for sustained growth. The company's strengths include its market positions in the US and Asia, as well as opportunities for expansion in digital transformation and product innovation. However, challenges such as market volatility and regulatory changes, particularly in ESG compliance, need to be addressed.
Full articleSummary: NextEra Energy (NEE) closed lower in the latest trading session but has shown positive gains in the past month. The company is expected to report strong earnings and revenue growth for the next quarter and full year. Analysts have made positive revisions to estimates, reflecting optimism about the company's business outlook.
Full articleSummary: MetLife reported quarterly earnings of $1.83 per share, in line with estimates, with a year-over-year increase in earnings. Revenues missed estimates, but the company has a track record of beating revenue estimates. The stock has outperformed the market this year by 7.5%. Future stock movement will depend on earnings outlook and industry trends.
Full articleSummary: NextEra Energy Partners (NEP) is expected to report a year-over-year decline in earnings but an increase in revenues for the quarter ended March 2019. Analysts have revised the quarterly earnings estimate higher, and the Most Accurate Estimate is above the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +18.03%. The company has beaten consensus EPS estimates three times in the last four quarters.
Full articleSummary: ConocoPhillips missed Wall Street bets for first-quarter profit due to lower natural gas prices and increased costs. The company plans to distribute at least $9 billion to stockholders this year.
Full articleSummary: BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) announced a distribution of $0.0300 per share of common stock, payable on June 3, 2024. The Fund intends to make regular monthly distributions based on projected performance.
Full articleSummary: GE Aerospace Foundation donated $1 million to disaster logistics nonprofit Airlink to support their humanitarian efforts through aviation. This partnership aims to provide free air transport and logistic coordination to assist communities affected by global humanitarian crises.
Full articleSummary: MetLife Inc (MET), Intel Corp (INTC), and TriMas Corp (TRS) will all trade ex-dividend for their respective upcoming dividends. MetLife Inc will pay $0.545 on 6/11/24, Intel Corp will pay $0.125 on 6/1/24, and TriMas Corp will pay $0.04 on 5/14/24. Investors should expect MET to open 0.76% lower, INTC 0.41% lower, and TRS 0.16% lower on 5/6/24.
Full articleSummary: IBM expands its software portfolio availability to 92 countries in AWS Marketplace, aiming to streamline purchasing and create new efficiencies for clients.
Full articleSummary: Multinational bank BNP Paribas purchased shares in BlackRock's iShares Bitcoin Trust (IBIT) marking one of the first verified occasions of a major financial institution investing in a spot Bitcoin ETF.
Full articleSummary: Nvidia showcased the superior performance of its RTX GPUs compared to NPUs for handling AI tasks in various benchmarks at a recent event, emphasizing their capabilities in content creation, large language models, and competing against AMD GPUs.
Full articleSummary: ConocoPhillips misses quarterly profit estimates due to lower gas prices and a milder-than-expected winter affecting demand, causing a fall in natural gas prices.
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