Summary: Amgen will report its first quarter 2024 financial results on May 2, 2024, followed by a conference call with investors. The webcast of the conference call will be available on Amgen's website for replay for at least 90 days after the event.
Full articleSummary: Boeing reported its Q1 earnings showing progress in asserting control over manufacturing discipline and focusing on getting the 737 assembly line back on track. Morningstar considers Boeing's stock undervalued with a fair value estimate of $221 per share and expects the company to stabilize its manufacturing processes by mid-2025. The company's wide economic moat is supported by durable intangible assets and switching costs, while its financial strength has been challenged by significant debt and the need for balancing debt reduction with reinvestment.
Full articleSummary: JPMorgan Chase expands roles of some executives in its sales department, with new appointments and changes in leadership positions.
Full articleSummary: Sandoz AG and Amgen Inc reached an agreement to resolve all patent litigation related to denosumab biosimilars, clearing the way for the launch of Jubbonti and Wyost by May 31, 2025.
Full articleSummary: Newspapers including Orange County Register and Chicago Tribune sued Microsoft and OpenAI for illegally using copyrighted articles to create AI products, claiming the tech giants undermine the news industry's business model. The lawsuit highlights the issue of fair use in training generative AI models.
Full articleSummary: Booking Holdings (BKNG) is expected to announce its fiscal first-quarter results with revenues and earnings likely to match market expectations. The stock has fully recovered from the pandemic period, with significant rises in 2023 but has been flat so far this year. The ongoing Middle East conflict, legal battles, and macroeconomic conditions pose challenges for the company's future performance.
Full articleSummary: Apple has been aggressively hiring AI experts, acquiring startups, and focusing on generative AI technologies in a pivot towards AI development.
Full articleSummary: Chevron Namibia Exploration, an affiliate of Chevron, has entered into a farm-in agreement for PEL 82 with NAMCOR where Chevron's unit will acquire an 80% interest and operatorship. This marks a significant step in advancing offshore exploration in the Walvis Basin offshore Namibia. Additionally, the Orange basin has seen a major oil discovery by Galp at the Mopane field within PEL 83.
Full articleSummary: JPMorgan Chase expands roles of sales executives, with Matthieu Wiltz becoming sole head of certain sales groups and Adam Englander named head of other sales areas, as per internal memo.
Full articleSummary: Intel's Gaudi 3 chip is forecasted to generate only $500 million in sales this year, leading to a slight decline in Intel's stock (INTC) by nearly 2%. Comparatively, Nvidia (NVDA) has been performing significantly better in the same market, generating $18.4 billion in just one quarter. Despite new promising products like the Lunar Lake lineup, Intel's latest earnings report and guidance have left investors less optimistic.
Full articleSummary: ExxonMobil and Chevron, two integrated energy companies, are engaged in a court battle over Chevron's proposed acquisition of Hess, one of Exxon's partners in Guyana. Exxon has a much stronger balance sheet and financial flexibility compared to Chevron, with a lower net debt ratio and a massive cash position. While Chevron has a lower debt-to-capital ratio, it lacks Exxon's significant cash reserves, potentially limiting its flexibility in the future.
Full articleSummary: Coca-Cola Co (NYSE:KO) reported mixed financial performance for Q1 2024, with revenue surpassing estimates but facing operational challenges resulting in a decline in operating income. Despite a 3% growth in EPS and improved cash flow, the company incurred substantial charges impacting profitability.
Full articleSummary: FDA granted full approval for Pfizer's Tivdak to treat cervical cancer, showing statistically significant survival data compared to chemotherapy.
Full articleSummary: Salesforce CEO Marc Benioff has been selling significant amounts of company stock in multiple transactions, totaling millions of dollars. The CEO now holds over 12 million shares of Salesforce, valued at billions. Hedge funds also made notable moves in the company's stock recently.
Full articleSummary: Layoffs have reportedly hit Google's Flutter, Dart, and Python teams, affecting several employees across different teams and projects.
Full articleSummary: BlackRock has introduced new target maturity 'iBonds' ETFs in Europe to provide exposure to US and Italian government bonds, with a focus on holding bonds until maturity. The expansion includes four funds listed on Euronext Amsterdam, Xetra, and Borsa Italiana.
Full articleSummary: Tesla faces chaos as Elon Musk dismisses key executives and lays off entire teams amidst poor quarterly results and lack of new product developments.
Full articleSummary: Coca-Cola surpasses analysts' predictions in its quarterly earnings report, adjusts full-year organic revenue outlook, experiences varying performance across segments, plans for implementing price hikes in markets facing inflationary pressures.
Full articleSummary: Oppenheimer analyst Christopher Glynn maintained a Hold rating on Honeywell International with a $226.64 average price target. Wells Fargo also assigned a Hold rating to the stock with a $205.00 price target. Corporate insider sentiment is positive on the stock.
Full articleSummary: IBM is one of the world's leading computer services companies with net sales breakdown by cognitive solutions, IT services, sale of IT infrastructure, financing of computer equipment, and other activities. Geographically, net sales are distributed among the United States, Americas, Europe/Middle East/Africa, Japan, and Asia/Pacific.
Full articleSummary: American Tower Corp reported strong fiscal first-quarter 2024 results, with revenue growth, AFFO per share, and adjusted EBITDA all showing significant increases. The company also provided an optimistic outlook for FY24, expecting higher property revenue and AFFO per share compared to previous estimates.
Full articleSummary: U.S. stock indexes fell after strong labor data increased speculation of no interest rate cuts by the Federal Reserve. Tesla planning layoffs for hundreds of additional staffers. McDonald’s shares recovered after posting lower-than-expected sales. Bitcoin drop continues as Hong Kong’s Bitcoin and Ether ETFs fail to impress investors.
Full articleSummary: Analysts have released new ratings for Coursera (COUR), Intel (INTC), and Logitech (LOGI) with price targets and ratings discussed.
Full articleSummary: Colgate-Palmolive Company will provide a live video webcast of its 2024 Annual Meeting of Stockholders, which will be held virtually and hosted by Noel Wallace. Investors may access the webcast on May 10, 2024, at 10:00 a.m. ET.
Full articleSummary: Gilead Sciences Inc (GILD) is ranked in the top 10% of dividend stocks indicating strong fundamentals and a favorable valuation. The stock entered oversold territory with an RSI reading of 27.3, making it potentially attractive for investors looking for entry points.
Full articleSummary: American Tower (AMT) reported revenue of $2.83 billion for the quarter ended March 2024, up 2.4% YoY, with an EPS of $2.79 compared to $0.72 in the same period last year. The company beat revenue estimates by +1.12% and EPS estimates by +9.41%. American Tower's key metrics like U.S. & Canada ending balance, organic tenant billings growth, and geographic revenues showed mixed performance compared to analyst estimates and year-over-year changes.
Full articleSummary: IBM has partnered with Coursera to offer various tech courses covering subjects like data science, AI, cloud computing, cybersecurity, and more for 2024, providing learners with essential skills, certifications, and validating expertise, crucial for career advancement and matching evolving tech demands.
Full article