Summary: RWA Wealth Partners LLC acquired a new position in shares of Intuit Inc., Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business, Insider Activity reported with executives selling shares of the company, Intuit stock is up 3.5%.
Full articleSummary: Analysts from Barclays and Jefferies maintained a Buy rating on Salesforce, while Piper Sandler maintained a Hold rating on the stock. Salesforce recently reported strong earnings with an increase in quarterly revenue and net profit compared to last year.
Full articleSummary: Zacks Research lowered Q3 2024 earnings per share estimates for Bristol-Myers Squibb, with revised estimates for other quarters too. Several analysts have downgraded the stock rating from buy to hold or neutral. The company also announced a quarterly dividend.
Full articleSummary: Boeing posted a revenue decline of 8% year-over-year to $16.6 billion in the first quarter, which was better than expected by analysts. The company reported a loss of $355 million due to issues with 737 Max 9 and production quality concerns.
Full articleSummary: General Dynamics reported its first-quarter 2024 financial results, with a slight miss on earnings per share (EPS) but exceeding revenue expectations. The company's revenue increased by 8.6% from the previous year, and operating margins expanded modestly by 20 basis points. Backlog also saw a healthy increase, with the Aerospace segment performing well.
Full articleSummary: ExxonMobil is pulling out from Equatorial Guinea amidst declining output from mature fields, leading to IOC activity and increased role of NOC GEPetrol in the country's upstream sector.
Full articleSummary: Costco Wholesale Co. traded up 1% on Tuesday after Citigroup raised their price target on the stock from $630.00 to $710.00. Several other analysts have also given their ratings and price targets on the stock. Insider selling activities and hedge fund activities have been reported recently. Costco also increased its quarterly dividend.
Full articleSummary: Apple stock has been underperforming in 2024, with concerns over weakening iPhone sales in China. However, Jim Cramer believes the market is misunderstanding Apple, highlighting the company's strategic efforts in growth markets like India and the potential of generative artificial intelligence in the next iPhone.
Full articleSummary: Analysts' ratings for United Parcel Service (UPS) have varied from bullish to bearish over the last quarter, with mixed sentiments in the past 30 days. Recent assessments show an average price target of $156.83, slightly up from the previous average.
Full articleSummary: Major stock indexes rose on Wednesday morning on positive Q1 earnings results from companies like Boeing and Tesla. Meta Platforms (META) is set to report after the close today. The 10-year Treasury yield ticked higher to 4.64%, while oil prices dropped slightly. AT&T (T), Boeing, Texas Instruments (TXN), and Visa (V) were among the key earnings movers, with positive increases in their stocks.
Full articleSummary: General Dynamics Corp. (GD) will host a conference call to discuss Q1 2024 earnings results.
Full articleSummary: PayPal released a report suggesting incentivizing Bitcoin miners to use cleaner energy by providing extra rewards in certain transactions, targeting 'green miners'. The report likens the program to paying an 'indirect grant' to miners using cleaner energy. However, not all members of the Bitcoin community are in favor of PayPal's idea.
Full articleSummary: JPMorgan Chase unveiled its new modern office in Glasgow, showcasing a contemporary structure that focuses on technology and employee well-being. The company has made a long-term investment in the city and its workforce, emphasizing the rich tech talent in Glasgow. The building offers innovative workspaces and amenities to drive collaboration and productivity.
Full articleSummary: Tennessee Valley Asset Management Partners acquired a new position in shares of MetLife, Inc. during the 4th quarter, while several other institutional investors and hedge funds also made changes to their positions in MET; Insider activity has seen significant share sales by executives; Wall Street analysts forecast positive growth for MetLife.
Full articleSummary: Grant GrossMendelsohn LLC reduced its holdings in Alphabet Inc. by 1.4% during the 4th quarter, while several other hedge funds increased their positions in GOOGL. Analysts have been issuing various price targets and ratings for Alphabet stock. Insider trading activities have also been reported within the company.
Full articleSummary: Tesla announces job cuts in California and Texas as part of a broader restructuring, affecting over 6,000 employees. CEO Elon Musk aims to reduce costs and increase productivity amidst flagging sales and heightened competition. The company recently opened its Texas EV and battery factory and plans significant investments in expanding its facilities in Austin.
Full articleSummary: BlackRock's ICS US Treasury Fund tokenization on Hedera blockchain by Archax and Ownera caused a 96% rally in Hedera (HBAR) price, leading to a two-year high. Despite misconceptions of BlackRock's involvement, Archax acknowledged their own choice to tokenize the fund on Hedera. HBAR is still down 69% from its all-time high in September 2021.
Full articleSummary: Lowe's Foundation awarded a $1 million grant to SkillsUSA and will host blue carpet events at select Lowe's stores nationwide to celebrate students committing to skilled trades jobs, apprenticeships, or further education. The partnership aims to promote trades careers and prepare more job-ready skilled trades professionals.
Full articleSummary: Hedera Hashgraph's native cryptocurrency HBAR surged by 100% to $0.18 after BlackRock announced leveraging the Hedera Blockchain to tokenize its money market fund. The collaboration with Archax and Ownera contributed to this price rally, with daily trading volumes skyrocketing by 5440% to $2.3 billion.
Full articleSummary: United Parcel Service (UPS) reported a decrease in revenue, net income, profit margin, and EPS in the first quarter of 2024. Revenue missed analyst estimates by 1.1%. Despite the disappointing financial results, UPS shares have seen a 4.7% increase from a week ago.
Full articleSummary: The US Court of Appeals for the Second Circuit affirmed the dismissal of federal claims as time barred in the case of Behrens v. JPMorgan Chase Bank, N.A. At issue was whether defendants can move to untimely dismiss analogous state law claims. The court ruled that a party cannot compel a district court to exercise subject-matter jurisdiction based on an untimely theory.
Full articleSummary: Boeing faced controversy as one of its 737 aircraft made an emergency landing in South Africa after losing a wheel during takeoff.
Full articleSummary: Lockheed Martin Australia secured a AUD $500 million contract to build the country’s Joint Air Battle Management System, enhancing Australia's air defense capabilities and connectivity with allies. The project is likened to the U.S. military’s CJADC2 vision, emphasizing seamless information and firepower flow across multiple domains. The initiative is expected to generate local jobs and create opportunities for export markets.
Full articleSummary: Trident Energy signed agreements with Chevron and TotalEnergies to acquire interests in operational fields within the Republic of Congo.
Full articleSummary: Bank of New York Mellon Corp's Sr. Exec. Vice President Keating Catherine sold a significant amount of company shares, with the latest transaction totaling $2.97 million. Analysts have also recently upgraded the rating of BK shares.
Full articleSummary: Lowe's Foundation awards $1 million to SkillsUSA to support students pursuing skilled trades careers and celebrates them at select Lowe's stores nationwide on May 7. The foundation recognizes the importance of skilled trades and aims to inspire Gen Z to join the movement.
Full articleSummary: McDonald's partners with local schools to donate 50% of digital sales during McTeacher's Nights.
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