Summary: Disney is officially removing 3D technology from its theme park attraction, Remy’s Ratatouille Adventure, in Disneyland Paris starting April 26, 2024. This signifies a shift away from 3D effects. Other theme parks, like Universal Studios, are also testing the removal of 3D from their attractions.
Full articleSummary: Target (TGT) has been upgraded to a Zacks Rank #2 (Buy), reflecting an upward trend in earnings estimates, which could have a favorable impact on its stock price. The Zacks rating system, based on changing earnings picture, is useful for individual investors to make informed decisions.
Full articleSummary: Lowe's stock closed at $233.56, showing a +1.01% move from the previous day, lagging behind S&P 500 but outpacing Retail-Wholesale sector losses. Analysts predict a decline in EPS and revenue for Lowe's upcoming earnings report.
Full articleSummary: Medtronic plc announced the launch of its latest innovation in cardiac surgery, the Avalus Ultra valve, designed to facilitate ease of use at implant and lifetime patient management. This next-generation surgical aortic tissue valve offers various features including a low valve profile, PEEK base frame, industry-leading Effective Orifice Area, and radiopaque coil for clear visibility.
Full articleSummary: Studies in Europe and Singapore show the Medtronic MiniMed™ 780G system provides cost-savings for health systems by being a cost-effective therapy option for people with type 1 diabetes, significantly reducing complications and improving quality-adjusted life years. The system is projected to lead to increased quality-adjusted life year expectancy and overall quality of life while potentially offsetting higher treatment costs.
Full articleSummary: Oracle's stock performance was slightly behind the S&P 500 and the tech-heavy Nasdaq in the latest trading session. Analysts are closely watching its upcoming earnings disclosure, with expectations for a slight decrease in EPS and an increase in revenue. Zacks Rank places Oracle at #3 (Hold), and the company's forward P/E ratio and PEG ratio suggest a discount compared to industry averages.
Full articleSummary: Loop Media, Inc. disclosed receiving a notice from NYSE American regarding its non-compliance with listing standards due to reported stockholders' deficit and losses in recent fiscal years. The company is required to submit a plan of compliance by May 23, 2024, to address the issues and regain compliance by October 23, 2025.
Full articleSummary: Toyota, Ford, and Honda are the most traded-in brands when buying used EVs, with Ford F-150 and Honda Accord being the most traded-in vehicles. In terms of popular used EV models, Tesla Model 3 remains on top, while Ford F-150 and Honda Accord are most popular trade-ins.
Full articleSummary: PayPal appoints Shaun Khalfan as its new Senior Vice President and Chief Information Security Officer, highlighting its commitment to cybersecurity and safeguarding digital assets and payments, Khalfan brings over 20 years of experience in information security and risk management from roles at Discover Financial and Barclays International, holds credentials as a Certified Ethical Hacker (CEH) and Certified Information Systems Security Professional (CISSP), and actively contributes to the cybersecurity community.
Full articleSummary: HBAR Foundation collaborates with BlackRock for tokenization of ICS US Treasury money market fund on Hedera platform, marking a significant milestone in asset management.
Full articleSummary: Jim Cramer provides his stock recommendations on 'Mad Money'. He suggests selling Petroleo Brasileiro (PBR), buying Enterprise Products Partners (EPD), Recursion Pharmaceuticals, Casey's General Stores, and Broadcom (AVGO). He also expresses positivity towards Cheniere Energy.
Full articleSummary: Coca-Cola signed a $1.1 billion five-year deal with Microsoft to use its cloud computing and AI services. The agreement includes joint experimentation with Azure OpenAI and testing Microsoft's Copilot offerings for productivity improvement.
Full articleSummary: US plans to sanction Chinese banks to curb financing of Russia's war in Ukraine.
Full articleSummary: Costco (COST) stock closed at $722.68, marking a +1.87% movement compared to the previous day, with upcoming earnings report expectations of $3.69 per share and revenue of $57.97 billion on May 30, 2024. The stock has a Zacks Rank of #3 (Hold) and is currently trading at a Forward P/E ratio of 44.62.
Full articleSummary: The U.S. Supreme Court appeared to side with Starbucks in limiting the authority of a government labor board in reinstating fired union workers, potentially raising the threshold for those seeking recourse against companies obstructing unionization efforts.
Full articleSummary: RTX reported strong first quarter 2024 results with 12% sales growth, record backlog of $202 billion, and reaffirmed full-year outlook. They saw 12% organic sales growth, GAAP EPS increased by 32%, and adjusted EPS increased by 10%. Operating cash flow was $0.3 billion with a free cash outflow of $0.1 billion.
Full articleSummary: PepsiCo, Inc. has reported robust first-quarter 2024 results, exceeding revenue and earnings estimates, driven by improvements in its international business. The company anticipates organic revenue growth of at least 4% for 2024, with a core EPS target of $8.15, reflecting a 7% increase from 2023.
Full articleSummary: The digitized logistics market is booming worldwide with the increasing R&D spending and rapid development in technologies such as sensors, IoT, and data analytics. ORBCOMM Inc announced a next-generation analytics platform in July 2020 to enhance market competency. Major players in the market include Honeywell, Oracle, Intel, Eurotech S.P.A, and ORBCOMM.
Full articleSummary: FAA is investigating claims by a union that Boeing retaliated against two employees who insisted the planemaker re-evaluate prior engineering work on 777 and 787 jets.
Full articleSummary: IBM is reportedly close to acquiring HashiCorp, the creator of Terraform and cloud infrastructure tools, with a potential deal announcement expected soon.
Full articleSummary: The Home Depot is constructing a new store and garden center in World Commerce Center, St. Augustine, costing $16.18 million. The site plan includes a 135,653-square-foot building and a 28,118-square-foot garden center, along with a tool rental center and seasonal sales area.
Full articleSummary: PayPal has proposed a 'cryptoeconomic' award system to encourage environmentally friendly Bitcoin mining by offering incentives to miners who adopt renewable energy sources. The plan includes creating 'green miners' rewarded with special 'green keys' for using sustainable energy, prioritizing them for transactions and providing locked Bitcoin rewards. This initiative aims to promote sustainability in Bitcoin mining.
Full articleSummary: Caitlin Clark is set to sign a $28 million deal with Nike over 8 years, making it the richest sponsorship contract for a women’s basketball player. Multiple other sports brands were involved in the negotiations but Nike emerged as the winning bidder.
Full articleSummary: Wearable health tech company Ōura partners with Target to sell its Oura Ring, a wearable health monitoring device, in-store and online. Customers purchasing sizing kits through Target will receive a $10 gift card for future purchases.
Full articleSummary: Honeywell is expected to report Q1 2024 results with revenue of $9.1 billion and adjusted earnings of $2.19 per share, above consensus estimates. The company's stock has room for growth and is estimated to reach $226 per share, with strong performance in the Aerospace segment and challenges in warehouse automation sales.
Full articleSummary: Caitlin Clark, the most prolific scorer in NCAA Division I history and the No. 1 overall pick in the WNBA draft, is reportedly on the verge of signing a $28 million sponsorship deal with Nike spanning 8 years, making it the richest deal for a women's basketball player. Clark's marketability is further enhanced by her media presence and recent appearance on “Saturday Night Live.
Full articleSummary: Comcast RISE expands to provide grant packages to 500 more small businesses in five regions, offering coaching sessions, education resources, $5,000 monetary grant, creative production, media schedules, and technology makeovers.
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