Summary: Deutsche Bank analyst reiterated a Buy rating and $270.00 price target on Danaher after a strong 1Q beat and positive segment performance.
Full articleSummary: Intel's launch of Gaudi 3 AI chip is expected to benefit TSMC, Alchip, and Wistron. Morgan Stanley predicts high demand for Intel's new chip and believes supply chain issues will be resolved by the second half of 2024. Major cloud companies like Amazon, Microsoft, and Google are also interested in adopting Gaudi chips.
Full articleSummary: PepsiCo, Inc. stock price experienced a slight dip by -2.97% despite a modest year-to-date increase of +0.81%, influenced by the cautionary signals related to salty snacks in the wake of Q1 earnings release. Analysts remain cautious despite the stock chart appearing bullish ahead of Q1 ratings.
Full articleSummary: GE Aerospace (GE) exceeded revenue and earnings expectations in its first quarterly report as a standalone entity post General Electric's split. The company also raised its 2024 profit guidance, leading to increased investor confidence.
Full articleSummary: MetLife Inc declared a dividend of $0.5450 per share, an increase of $0.025 from the last dividend paid. The company has paid dividends since 2000, has a current dividend yield of 2.8904945850%, and has increased dividends for 11 successive years. MetLife Inc's market cap is $53,264,072,400 with a PE ratio of 39.76. The stock price closed at $71.96 with a 52-week low/high of $48.95 and $74.68. MetLife is an insurance holding company providing various financial services products.
Full articleSummary: Pfizer plans to shut down its Boulder research and development operations by mid-year, eliminating nearly 300 jobs. The decision to wind down the Boulder research operations was made despite initial investor interest.
Full articleSummary: Google is facing legal action from tourists who were attacked in crime hotspots following directions from Google Maps. The tech giant is arguing that it cannot be held liable for the actions of attackers and should not be made to declare places as no-go areas.
Full articleSummary: Oracle Corp. co-founder Larry Ellison has announced that Nashville, not Austin, will be the company's future headquarters.
Full articleSummary: Intel is facing a lawsuit from a contractor who claims exposure to toxic chemicals at a Hillsboro facility led to loss of taste and smell. The contractor, Ivan Higgs, is seeking over $548,000 in damages.
Full articleSummary: Danaher (DHR) reported quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate. The company exceeded consensus revenue 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: Tech giants Microsoft and Alphabet are about to report their earnings, with significant movements in their stocks by large investors, potentially hinting at inside information. The earnings reports are highly anticipated, especially due to the success of tech giants like Nvidia, Microsoft, and Alphabet driven by the hype around artificial intelligence. Institutional investors have been making large transactions before the earnings announcements and the actions of these investors could signal the future direction of the stocks.
Full articleSummary: Nelly Korda's five consecutive victories on the LPGA Tour have significantly increased fan interest and viewership, with The Chevron Championship in 2024 having the highest ratings since 2010. Despite the overall positive impact, the average viewership for the tournament was 2% lower than the previous year.
Full articleSummary: The No. 1 overall pick in the WNBA draft, Caitlin Clark, is set to sign an $28 million contract with Nike, spanning eight years and including a signature shoe, making it the richest sponsorship deal for a women's basketball player. The deal comes after negotiations with other sportswear giants like Under Armour, Adidas, and Puma.
Full articleSummary: GE Aerospace reported strong quarterly results with positive future prospects in the commercial and military jet engine and propulsion business. The company's fair value estimate was increased to $167 from $152, and it is expected to generate over $85 billion in free cash flow over the next decade.
Full articleSummary: United Parcel Service Inc (UPS) reported Q1 2024 revenue of $21.7 billion, down 5.3% from the previous year, missing analyst estimates. The net income and EPS also fell below estimates, with adjusted EPS at $1.43. Despite challenges, UPS maintains financial guidance for 2024.
Full articleSummary: Comcast's share price traded up 0.1% during mid-day trading on Tuesday, with a decrease in trading volume. Wall Street analysts have mixed opinions on the stock, with a consensus price target of $49.74. The company's latest quarterly earnings report exceeded expectations.
Full articleSummary: Capital One initiated coverage of Heron Therapeutics (NasdaqCM:HRTX) with an Overweight recommendation and a projected 175.68% upside in the stock price. Multiple institutional investors hold significant amounts of shares in Heron Therapeutics.
Full articleSummary: Comcast is now providing Xfinity Mobile and Comcast Business Mobile customers with access to millions of new Xfinity Mobile hotspots, offering internet speeds over WiFi up to 1 Gigabit per second. This upgrade aims to enhance the customer experience by providing faster connections and support for data-intensive applications.
Full articleSummary: Capital Analysts LLC reduced its position in Alphabet Inc. by 1.3% in the fourth quarter. The institutional investor owned 29,439 shares of GOOGL stock, worth $4,112,000 as of its most recent filing. Several other institutional investors also adjusted their holdings of GOOGL.
Full articleSummary: Oracle Corp. co-founder Larry Ellison revealed plans to build a 'world headquarters' on a 70-acre property in Nashville's downtown riverfront, emphasizing the city's health care industry and community appeal.
Full articleSummary: Chinese entities have been able to acquire NVIDIA's AI chips through resellers despite the US ban on selling such technology to China, prompting concerns over potential breaches of US export controls.
Full articleSummary: Main U.S. indexes climbed ahead of earnings reports from megacap tech companies; various stocks rose and fell based on quarterly reports and performance updates.
Full articleSummary: VELA Investment Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 4th quarter, with other hedge funds also increasing their stakes in the company. Several research analyst reports have set new price targets for Alphabet, with a majority of analysts giving a buy rating. Alphabet's CEO and CFO have recently sold shares, and the stock price of Alphabet has increased by 1.4%.
Full articleSummary: Citigroup has trimmed its forecast for Macau’s gross gaming revenue (GGR) from MOP18.5 billion to MOP18 billion for April due to the anticipated flattish daily run-rate. Macau's March GGR reached a new 49-month high of MOP19.5 billion.
Full articleSummary: Booking Holdings Inc received a shareholder proposal requesting a public report on risks and costs of fulfilling information requests related to criminalizing abortion access laws. The Company urged shareholders to vote against the proposal at the upcoming annual general meeting.
Full articleSummary: Microsoft is blocking employee access to Perplexity AI, a major Azure OpenAI customer, on their devices. Perplexity AI uses Azure OpenAI for its AI chatbot search engine.
Full articleSummary: Derivatives traders are considering selling options on Nvidia Corp due to expensive hedging against its share price swings, as stock corrects its rally and call options offer attractive yields with expectations that further gains may be limited for now.
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