Summary: Apple announces a hardware reveal event on May 7, focusing on the new iPad with OLED screen and potential upgrades to Apple Pencil and iPad lineup.
Full articleSummary: PayPal's Blockchain Research Group proposed a plan to incentivize Bitcoin miners to use energy sources with lower carbon emissions, giving preference to 'green miners' and providing them with unique rewards.
Full articleSummary: National Instruments Corp considering bids from Fortive Corp and Keysight Technologies Inc, with the potential to top Emerson Electric Co's $7 billion bid.
Full articleSummary: Texas Instruments (TI) forecasts Q2 revenue above estimates as analog chip demand improves.
Full articleSummary: Tidal Partners, a new mergers and acquisitions advisory firm founded by former Centerview Partners bankers, advised Cisco Systems on its $28 billion acquisition of cybersecurity company Splunk.
Full articleSummary: Ōura partners with Target to sell its wearable health monitoring device, Oura Ring, in stores and online. Customers purchasing a sizing kit through Target will receive a $10 Target gift card.
Full articleSummary: Danaher Corporation held its First Quarter 2024 Earnings Results Conference Call, with executives providing insights on the company's performance. Rainer Blair, the CEO, highlighted better-than-expected revenue, earnings, and cash flow in the bioprocessing business. The company's strong free cash flow generation positions it well for future portfolio enhancements. The executives emphasized the commitment to continuous improvement through the Danaher Business System (DBS) and discussed the outlook for the full year 2024.
Full articleSummary: MetLife, Inc. announced an increase in its quarterly dividend to $0.545 per share, representing a dividend yield of 3.02% and $2.18 annualized dividend. The company has consistently raised its dividend for the last 6 years and has a low dividend payout ratio of 20.9%. Analysts expect MetLife to continue covering its dividends with an expected future payout ratio of 20.9%.
Full articleSummary: Philip Morris International reported quarterly earnings data that beat analysts' estimates, with $1.50 EPS exceeding expectations of $1.41. The company also announced increased quarterly and FY24 dividend guidance. Insider selling occurred, and analysts have mixed ratings on the stock.
Full articleSummary: PayPal proposes an incentive program for Bitcoin miners utilizing low-carbon energy in collaboration with Energy Web and DMG Blockchain Solutions to reward miners using sustainable energy with Bitcoin. This initiative aims to motivate miners to use clean energy and reduce the environmental impact of Bitcoin mining.
Full articleSummary: Oracle Corp., a software-as-a-service and database storage/management company, is facing strong demand for its cloud-based services. This strong demand is expected to drive higher growth in revenue, leading to higher free cash flow margins. Analysts see the stock potentially increasing by 33% to $159 per share.
Full articleSummary: Citigroup reiterated 'buy' rating for J D Wetherspoon with a target price of GBX 925, suggesting a potential upside of 24.75%. Other analysts like Jefferies Financial Group and Shore Capital have also given positive ratings to JDW.
Full articleSummary: Salesforce's President and Chief Engineering Officer, Srinivas Tallapragada, engaged in significant stock transactions by selling 6,038 shares worth over $1.9 million and acquiring 11,148 shares through option exercises and restricted stock units. These transactions were part of a pre-arranged trading plan. Salesforce investors often monitor insider activities for insights into executive confidence.
Full articleSummary: NextEra Energy Partners' shares surged as much as 8.8% after reporting better-than-expected first-quarter financial results, easing investor concerns about long-term cash flow plans and refinancing projects.
Full articleSummary: Capital One Financial Co. (NYSE:COF) hit a new 52-week high during trading on Tuesday, with a volume of 709366 shares. Several brokerages provided ratings updates including downgrades and price target adjustments. The company recently announced a dividend and hedge funds have been adjusting their stakes in the stock.
Full articleSummary: Schnieders Capital Management LLC lowered its position in shares of Union Pacific Co. by 20.2% during the 4th quarter. Several other large investors have also adjusted their holdings in UNP. Union Pacific Stock was up 0.8%. Analyst ratings on UNP have been mixed with a consensus being a "Moderate Buy" and a consensus price target of $255.00.
Full articleSummary: Jennison Associates LLC decreased its stake in MetLife, Inc. by 42.0% during the fourth quarter, selling 1,060,099 shares and owning 1,462,629 shares worth $96,724,000. Several other institutional investors also made changes to their positions. Wall Street analysts have provided various ratings for MetLife stock, with the consensus being a 'Moderate Buy' and a price target of $79.23. The company's latest quarterly earnings missed estimates by $0.02, reporting $1.93 EPS, with revenues of $18.72 billion. MetLife recently increased its dividend to $0.545, representing a yield of 3.02%.
Full articleSummary: Emerson Electric (EMR) reported quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.99 per share. The company has surpassed consensus EPS estimates four times in the last four quarters. The stock's immediate price movement will depend on management's commentary on the earnings call.
Full articleSummary: Microsoft has delayed three deadlines related to Cloud Solution Provider partners selling subscriptions through the vendor’s New Commerce Experience to public sector customers and migrating existing subscriptions on to NCE.
Full articleSummary: CI&T (NYSE:CINT) had its price target trimmed by Citigroup from $4.50 to $4.25 in a report published on Monday. The brokerage currently has a neutral rating on the stock. Several analysts issued hold ratings with an average price target of $5.38. CI&T reported earnings per share of $0.07 for the quarter, beating estimates by $0.01.
Full articleSummary: FedEx was recognized at the SBR International Business Awards for its 'Always On' campaign focused on customer lifecycle to drive revenue growth, support SMEs, and provide analytics-driven communication strategies. The campaign also resulted in automation, scalability, and significant time savings.
Full articleSummary: Texas Instruments shares surged nearly 8% in extended trading as the company exceeded quarterly estimates and issued strong guidance. Industrial equipment customers are working through inventory backlogs, leading to an uneven recovery in demand. The company's outlook suggests a rebound in analog chip-powered PC and smartphone markets.
Full articleSummary: Apple will be launching new generation iPads on May 7, including iPad Pro and Air models with OLED and Mini LED displays, powered by Apple M3 chipsets. The launch event will also introduce a new Apple Pencil with squeeze gesture and a redesigned Magic Keyboard.
Full articleSummary: Archax, Ownera, and The HBAR Foundation have enabled the tokenization of BlackRock's money market fund on Hedera. The move is seen as a significant milestone in asset management, bringing the world's largest asset manager into the blockchain space. HBAR price has surged by 75% following the news, reaching $0.1646, last seen in April 2022.
Full articleSummary: Danaher Corporation's first-quarter 2024 earnings exceeded Zacks Consensus Estimate despite a year-over-year decline. Sales outperformed estimates but decreased due to lower core sales in the Biotechnology segment. Operating profit for different segments experienced fluctuations.
Full articleSummary: Citi adjusted its outlook on Costco Wholesale shares, increasing the price target to $710 from $630 while maintaining a Neutral rating due to Costco's robust business model and growth potential. The new target is based on a DCF analysis with an 8% discount rate and 16x terminal multiple, reflecting Costco's favorable market positioning.
Full articleSummary: Intuit Inc., the fintech platform behind Mailchimp, has launched its debut Australian brand campaign using familiar email elements to target Australian marketers.
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