Summary: Intel's Foundry division progresses in manufacturing chips for military applications using the 18A process node, securing phase three of the US DoD's RAMP-C certification, enabling broader collaboration with RAMP-C customers.
Full articleSummary: Evercore ISI sees opportunities for investors in companies with strong AI mentions, growth, and discount valuations. Stocks like Uber Technologies, Goldman Sachs, and Booking Holdings are recommended AI revolutionaries.
Full articleSummary: Lockheed Missiles and Fire Control took a $100 million loss on a classified program in the first quarter of 2024, expecting further losses of $225 million in the rest of the year and over $1 billion in cumulative losses. However, officials are optimistic that the program will become highly profitable starting in 2028.
Full articleSummary: Lockheed Martin Corp. reported first-quarter earnings that beat Wall Street expectations. The aerospace and defense company posted revenue that also exceeded Street forecasts. Lockheed expects full-year earnings to be in the range of $25.65 to $26.35 per share with revenue between $68.5 billion to $70 billion.
Full articleSummary: The U.S. Supreme Court appeared to side with Starbucks in a case regarding federal government seeking injunctions in unionization campaigns, following a dispute where Starbucks fired workers trying to unionize. Workers have gone on strike and the case made it to the high court seeking clarity on NLRB standards. Talks of restarting negotiations between Workers United and Starbucks have also been announced.
Full articleSummary: The U.S. Supreme Court appeared to side with Starbucks in a case related to seeking injunctions when a company is suspected of interfering in unionization campaigns. The case involves the firing of seven unionizing workers at a Tennessee store, leading to a court order for rehiring and subsequent appeals to higher courts.
Full articleSummary: Booking Holdings Inc received a shareholder proposal from John Chevedden regarding amending the Company Policy on recoupment of incentive pay for Named Executive Officers. The Company urged shareholders to vote against this proposal at the annual general meeting of shareholders on June 4, 2024.
Full articleSummary: Broadcom CEO announced changes to VMware's licensing condition after complaints from EU businesses and a leading trade group, leading to calls for an EU investigation. The company completed the acquisition of VMware, now focusing on simplified offerings and reduced prices.
Full articleSummary: NextEra Energy Partners (NEP) reported Q1 EPS of $0.75, beating analyst estimates by $0.50. However, revenue for the quarter was lower than expected.
Full articleSummary: Stocks like Honeywell Flour Mills, FBN Holding, Oando, and other major decliners caused the Nigerian stock market to decrease by 0.35 percent on Tuesday. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalization depreciated, with the market's year-to-date (YtD) return decreasing to 32.82 percent.
Full articleSummary: NextEra Energy, a renewable energy powerhouse, is experiencing increased demand for power in the U.S. due to electrification of oil and gas fields, Big Tech's data centers, and America's domestic manufacturing sector. The company's renewable energy arm has a strong project backlog, with growth being driven by efforts to reduce emissions and meet clean electricity goals set by the Biden administration. NextEra Energy reported strong first-quarter earnings and expects to triple its renewables and storage market over the next seven years.
Full articleSummary: NextEra Energy, Inc. has released its first-quarter 2024 financial results and will discuss them during an investor presentation. The company focuses on clean energy and is a major player in the electricity industry.
Full articleSummary: NextEra Energy, Inc. has posted its first-quarter 2024 financial results and will discuss them during an investor presentation, including financial results for NextEra Energy Partners, LP.
Full articleSummary: Oracle Corporation is relocating its world headquarters to Nashville aiming at being closer to the epicenter of the healthcare industry, following the previous relocation from Silicon Valley to Austin. Larry Ellison expressed enthusiasm about the move during a health care summit in Nashville, highlighting the city's deep ties with the healthcare industry.
Full articleSummary: Microsoft, Alphabet, Amazon, Apple, Nvidia, Meta Platforms, and Tesla are leading the artificial intelligence (AI) revolution, while Palantir Technologies(NYSE: PLTR) and Oracle(NYSE: ORCL) recently announced a new partnership in AI. The deal between Palantir and Oracle could disrupt the generative AI landscape and benefit both enterprises. Investors should carefully analyze each company before making investment decisions.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon believes the U.S. economic boom is 'unbelievable', highlights strong employment and healthy consumer finances. He cautions about national debt, inflation, and geopolitical conflicts, emphasizing the need for more inclusive economic growth and harmonious lender-regulator relationships.
Full articleSummary: Various companies reported financial results with mixed outcomes, some beating analysts' forecasts while others fell short.
Full articleSummary: Microsoft and OpenAI are expanding globally with new infrastructure investments and service rollouts in regions like Asia and the Middle East. Microsoft announced a $1.5 billion investment in Abu Dhabi-based AI conglomerate G42, extending its cloud and AI technologies in the United Arab Emirates. OpenAI opened its first office in Asia, specifically in Tokyo, Japan, focusing on building mindshare in the region.
Full articleSummary: CVS Health's short percent of float has increased by 21.62% since the last report, with 22.72 million shares sold short (1.8% of regular shares). Short interest can indicate market sentiment - an increase may signal bearishness, while a decrease may imply bullishness. CVS Health has less short interest compared to its peers' average of 10.17%.
Full articleSummary: Lowe's stock has been underperforming compared to major indexes and its sector in the past month, but upcoming earnings report and analyst estimates revisions are indicating positive signs for the company. Lowe's current Zacks Rank is #3 (Hold) with a Forward P/E ratio of 18.94 and a PEG ratio of 1.71.
Full articleSummary: Costco sells millions of dollars of gold bars a month, but buyers are finding it difficult to resell due to lack of returns or refunds on gold items.
Full articleSummary: Texas Instruments (TI) forecasts second-quarter revenue above Wall Street estimates due to increased demand in consumer electronics after pandemic-led buying spree and improved PC shipments.
Full articleSummary: Cyngn Inc. partners with John Deere to supply DriveMod Tuggers for industrial automation at Deere's Dubuque, Iowa facility, showcasing a step forward in industrial automation. Cyngn's Chairman expresses enthusiasm about the partnership, highlighting the importance of being selected by a leading brand like John Deere. The collaboration underlines the trend of industrial organizations turning to autonomous technology to address operational challenges.
Full articleSummary: Coca-Cola and Microsoft announced a five-year strategic partnership to accelerate cloud and generative AI initiatives, with Coca-Cola committing $1.1 billion to the Microsoft Cloud and its generative AI capabilities.
Full articleSummary: American Tower (AMT) stock closed at $174.18, reflecting a +1.09% shift from the previous trading day. The upcoming earnings report is expected to show earnings of $2.55 per share and revenue of $2.8 billion, with full-year estimates calling for earnings of $10.35 per share and revenue of $11.18 billion. American Tower currently holds a Zacks Rank of #3 (Hold) and is trading at a premium valuation compared to the industry average.
Full articleSummary: American Tower's recent trading session saw a slight increase in stock price, but it has been lagging behind in performance compared to the S&P 500 and Finance sector. Analysts are expecting a modest growth in earnings and revenue, with the Zacks Rank currently at #3 (Hold) for AMT.
Full articleSummary: Intel's next-gen Battlemage 'Xe2' GPUs will support DisplayPort 2.0 standard instead of the newer DP 2.1 standard, with enablement work being done on Linux by engineers.
Full article