Summary: Google has officially dropped support for Nest Secure home security system, rendering the system unusable as of April 2024. Standalone Nest devices like Nest Hubs, Doorbells, and wireless cams should continue to function properly but Nest Secure systems are now ineffective. Google is offering limited returns or rebates for affected users.
Full articleSummary: Dell has heavily discounted the Alienware x16 gaming laptop with an Intel Core i9 processor and RTX 4080 graphics card, making it available for $2024.99 after discounts. The x16 is a sleek and thin redesign of the traditional Alienware laptop, offering high gaming performance and portability comparable to other ultra-thin laptops like the Razer Blade.
Full articleSummary: Hedera tokenizes BlackRock's money market fund, causing a surge in HBAR price and trading volumes. BlackRock wasn't directly involved in the project.
Full articleSummary: Kevin Simpson, Capital Wealth Planning founder and CIO, trims Chevron and buys TJX Companies.
Full articleSummary: Eli Lilly and Company (LLY) is expected to report significant increases in first-quarter revenues and earnings per share, driven by strong demand for new medicines like Mounjaro and Zepbound. The company's new drugs, pipeline potential, and diverse product range in high-growth areas position it well for further stock growth in 2024. Estimates for Lilly's future earnings have been revised upwards. The stock has performed well in the past year, and dips in stock price could present buying opportunities for long-term investors.
Full articleSummary: Eli Lilly (LLY) has been one of the most searched-for stocks on Zacks.com lately. The stock's performance in the near term is being analyzed based on earnings estimate revisions, projected revenue growth, last reported results, surprise history, and valuation.
Full articleSummary: FTSE 100 hits record high, DAX 40 regains lost ground, Dow Jones sees strong three-day rally.
Full articleSummary: Meta Quest 2, the standalone VR headset, offers high-resolution visuals and an immersive experience without requiring a connected PC or console, making it a great starting point for VR enthusiasts. Pricing for the 128GB model is around $299 and recently reduced, presenting a good opportunity for those interested in VR. Various deals and bundles are available for Meta Quest 2 and its accessories, providing enhanced comfort and support.
Full articleSummary: Apple plans to refresh its entire Mac lineup with updated M4 chips starting in late 2024 and continuing into 2025. The M4 lineup includes M4, M4 Pro, and M4 Max, with a higher-end version codenamed 'Hidra' possibly being an 'Ultra' variant. The M4 chips are expected to have a focus on boosting AI and machine learning performance, with potential support for up to 500GB of Unified Memory. It is uncertain if there will be an M3 refresh this year for Apple's desktop machines.
Full articleSummary: Tesla reported a disappointing first-quarter earnings report missing estimates on revenue, auto sales dropped by 13%, and free cash flow turned negative. CEO Elon Musk focused on the future vision of Tesla centered around artificial intelligence software for self-driving vehicles and robotaxis, leading to a 13% surge in Tesla shares after the earnings call.
Full articleSummary: Texas Instruments stock jumped 6.5% on Wednesday after announcing a strong second-quarter revenue forecast, leading to a rally in chip stocks. The company is considered a bellwether for semiconductor demand due to its wide usage in various industries, including automotive and consumer electronics.
Full articleSummary: Analysis shows that Chipotle and Starbucks have the highest burnout ratings in the restaurant industry due to stress and exhaustion among their employees.
Full articleSummary: Oracle Corp. is building its world headquarters in Nashville, choosing the city for its prominent health care industry and employee interest. The campus will feature office buildings, a community clinic with Oracle software, and a floating stage for concerts. Construction expected to be completed by 2030.
Full articleSummary: Gilead Sciences will be reporting losses per share of $1.513 in their latest quarterly figures, a decrease from the previous year's earnings of $1.37 per share. The company is forecasted to report a marginal revenue increase of 0.05% to $6.36 billion compared to the prior year quarter. However, analysts are optimistic about the full-year profit of $3.87 per share, in contrast to a loss of $4.54 per share in the previous year.
Full articleSummary: Union Pacific opens investigation after about two dozen rail cars derailed in Taylor County. Social media questions if strong winds were to blame. No injuries were reported.
Full articleSummary: MetLife (MET) is expected to report a year-over-year increase in earnings and revenue for the quarter ended March 2024. Analysts have revised the EPS estimate slightly lower, resulting in an Earnings ESP of -1.08%. With a Zacks Rank #3, it is uncertain if MetLife will beat the consensus estimate. On the other hand, Lemonade (LMND) in the same industry is expected to report a year-over-year increase in earnings and revenue, with a consensus EPS estimate revision upwards. However, it has an Earnings ESP of -5.16% combined with a Zacks Rank #2, making it challenging to predict if it will beat the consensus EPS estimate.
Full articleSummary: New Jersey officials successfully moved their case against Dow Chemical Co. and other companies over synthetic industrial chemicals contamination to state court.
Full articleSummary: NextEra Energy reported a robust first quarter with an 8.3% increase in adjusted earnings per share, driven by expansions in solar capacity and storage projects. The company's outlook remains positive with plans to significantly increase solar mix and capitalize on the growing demand for renewable energy in the US. The renewable and storage market is expected to triple in size in the next seven years.
Full articleSummary: Google announced the availability of a Chrome 124 update that patches four vulnerabilities, including a critical security hole related to a type confusion bug in the ANGLE graphics layer engine.
Full articleSummary: Boeing reported better-than-expected first-quarter results with $3.9B free cash burn and $1.13 loss per share, mainly due to 737 MAX program disruptions and ongoing safety culture improvements. Revenue declined for the first time since 2022, despite Boeing Global Services and Defense divisions performing well.
Full articleSummary: Caterpillar is expected to report strong earnings results after the market close on Wednesday, fueled by thriving businesses and an optimistic outlook. JPMorgan raised its price target for CAT stock, citing margin performance and expectations for future earnings growth.
Full articleSummary: Lowe's Companies has effectively tailored its initiatives to cater to evolving consumer behaviors and market trends, making it a leader in the home improvement industry. The company's strategic measures, including the MyLowe's Rewards loyalty program and investments in digital and technological capabilities, position it for sustained growth and success. Despite economic uncertainties, Lowe's remains optimistic about future growth prospects within the sector.
Full articleSummary: General Dynamics Corporation reported first-quarter 2024 earnings per share of $2.88, missing the Zacks Consensus Estimate of $2.89. However, revenues beat estimates and increased year over year. Backlog increased slightly from the previous quarter. Cash and cash equivalents decreased, while long-term debt also declined. Operational earnings and segmental performances showed improvements.
Full articleSummary: Ford Motor is announcing first-quarter earnings after the markets close with expectations of 2.6% increase in revenue and 32.9% decline in adjusted earnings per share compared to a year earlier. There is less consensus on Wall Street regarding Ford's performance.
Full articleSummary: Meta (formerly Facebook) is set to report its first-quarter results with analysts expecting an EPS of $4.32, revenue of $36.16 billion, DAUs of 2.12 billion, MAUs of 3.09 billion, and ARPU of $11.75. The stock has been performing well on Wall Street, nearly tripling last year and up 40% in 2024. Meta has been regaining digital ad market share through AI-focused initiatives.
Full articleSummary: Oracle Corp. is considering making Nashville its global headquarters, acquiring land in River North for development and envisioning 8,500 local jobs by 2031.
Full articleSummary: Google's CEO Sundar Pichai admits that the sudden public interest in AI caught the company by surprise. Despite recognizing the significance of AI years ago, Pichai had a different perspective on society's adoption of AI. Google has been combating rumors of being thrown into panic mode after the launch of ChatGPT and has made efforts to boost its AI development.
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