Summary: Thermo Fisher Scientific Inc. reported its financial results for the first quarter ended March 30, 2024, with revenue of $10.34 billion and GAAP diluted EPS increasing 4% to $3.46. The company also raised its full year revenue and adjusted EPS guidance for 2024.
Full articleSummary: Lockheed Martin reported its Q1 FY24 earnings with a slight decrease in net earnings compared to Q1 FY23, but significant growth in net sales across various segments. The company has maintained its financial outlook for FY24 with a range for net sales and diluted earnings per share.
Full articleSummary: Michelle Kelly, Lilly Pulitzer's CEO, discusses how the company has adjusted its marketing and distribution strategies in response to changing customer behavior and the recent trend of moving to coastal towns. They have a balanced marketing mix including digital advertising, catalog relaunch, and a new commercial, as well as a diversified selling mix with a focus on direct-to-consumer channels.
Full articleSummary: Pfizer is scheduled to be issuing its quarterly earnings data with analysts expecting earnings of $0.57 per share for the quarter, the company has set FY24 guidance at $2.05-2.25 EPS. Recent quarterly earnings data showed a better-than-expected performance, with a return on equity of 10.88% and a net margin of 3.62%. Pfizer's stock is currently trading down 0.7%.
Full articleSummary: RTX (NYSE: RTX) has reported strong first quarter 2024 results with a 12% increase in sales and a 32% increase in GAAP earnings per share compared to the previous year. The company reported significant gross proceeds from divestiture and notable defense contract awards.
Full articleSummary: Lockheed Martin (NYSE: LMT) reported strong Q1 2024 results with $17.2 billion in net sales, $1.5 billion in net earnings, and $1.8 billion returned to shareholders. The company's backlog includes National Security Space awards, and it remains focused on the F-35 program and TR-3 capabilities. Other business segments also saw growth in net sales.
Full articleSummary: Broadcom Inc. held its 2024 Annual Meeting of Stockholders where directors were elected, appointment of PricewaterhouseCoopers LLP was ratified, and executive compensation was approved.
Full articleSummary: Google has once again delayed the death of the third-party tracking cookie in its Chrome browser, citing ongoing challenges and the need for a thorough review by the Competition and Markets Authority (CMA).
Full articleSummary: BlackRock's plan to tokenize its money market fund on the Hedera Blockchain causes HBAR to surge 100% to $0.18, currently trading at $0.13. HBAR's trading volumes increased by 6082% to $2.5 billion, with further upside potential.
Full articleSummary: Healthcare sector is receiving bullish sentiments from analysts with Buy ratings on Intuitive Surgical (ISRG), Centessa Pharmaceuticals (CNTA), and CVS Health (CVS).
Full articleSummary: IBM has been embroiled in legal battles with Brazilian unions over the classification of its employees as sales workers instead of tech workers, which affects their benefits. Unions have filed lawsuits against IBM in various Brazilian states, with the situation potentially leading to significant financial and legal consequences for the company.
Full articleSummary: PepsiCo reported high single-digit growth in its beverage unit volume and double-digit growth in the convenient food business in the Indian market during the first quarter of 2024. Net revenue in the Africa, Middle East, and South Asia division went up by 2 percent to USD 1.04 billion.
Full articleSummary: Alphabet (NASDAQ:GOOGL) will release its first quarterly earnings with upbeat expectations due to strengths in Search, YouTube, and Cloud segments. Analysts expect revenue to grow by 15.7% driven by Google advertising improvements and growth in subscriptions.
Full articleSummary: Analysts provide coverage on HashiCorp and Texas Instruments in the Technology sector. HashiCorp receives a Buy rating with a price target of $38.00, while Texas Instruments maintains a Sell rating with a price target of $157.00.
Full articleSummary: Coca-Cola has introduced a new app called Coke SoundZ which uses AI and neuroscience to create a musical instrument that simulates the experience of drinking Coke, with sounds triggering satisfying feelings in the brain.
Full articleSummary: American consumers are feeling the pinch of sky-high mortgage rates and elevated borrowing costs, potentially impacting President Biden's re-election chances in 2024. The Federal Reserve, despite raising interest rates to their highest levels in two decades, is unlikely to cut costs soon due to stalled inflation-taming efforts.
Full articleSummary: Microsoft and Coca-Cola announced a five-year strategic partnership to align Coca-Cola’s core technology strategy with the Microsoft Cloud and its generative AI capabilities. Coca-Cola has made a $1.1 billion commitment to Microsoft Cloud, focusing on AI transformation and technology adoption.
Full articleSummary: Wells Fargo analyst Mohit Bansal upgraded Neurocrine Bio.
Full articleSummary: Apple surprises with a press event in May for new iPad and possibly a 3rd-gen Apple Pencil. Timing and online-only format suggest product delays. The event hints at anticipated major features or design changes.
Full articleSummary: Starbucks is going to the U.S. Supreme Court regarding a long-running standoff with employees trying to unionize, questioning the government's power to protect workers during a labor investigation.
Full articleSummary: Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit which was filed by state-owned bank VTB to regain funds blocked abroad following sanctions imposed after Russia's actions in Ukraine.
Full articleSummary: PayPal is introducing passkeys as a new login method for Apple device users, in partnership with FIDO Alliance and major tech companies. Passkeys provide more secure authentication options like fingerprint scanning and face recognition.
Full articleSummary: Tennessee Valley Asset Management Partners purchased a new position in shares of Pfizer Inc.; several other large investors also recently bought and sold shares of the stock. Pfizer Stock Up 0.2%. Several equities research analysts have weighed in on PFE shares.
Full articleSummary: Tennessee Valley Asset Management Partners bought a new position in Simon Property Group during the 4th quarter. Simon Property Group's stock is trading up 1.0%, the company declared an increased dividend and initiated a share repurchase program. Analysts have set new price targets for SPG, with an average rating of 'Moderate Buy'.
Full articleSummary: Salesforce, Inc. CAO sold 2,425 shares at an average price of $273.15, totaling $662,388.75. Quarterly earnings show better than expected EPS of $1.78. Institutional investors have modified their holdings of the stock.
Full articleSummary: Tennessee Valley Asset Management Partners purchased a new position in Gilead Sciences, Inc. during the 4th quarter. Several other institutional investors also acquired shares of Gilead Sciences. Wall Street analysts have mixed ratings for Gilead Sciences, with an average price target of $84.71. Gilead Sciences stock was slightly up by 0.1%.
Full articleSummary: Wells Fargo is aiming to improve its performance in investment banking by hiring senior bankers and investing in new products. The bank has seen progress under CEO Charles Scharf, with revenues and net income in the corporate and investment bank increasing in recent years.
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