Summary: Paypal (PYPL) has recently experienced a negative return of -3.8% over the past month, outperforming the Zacks S&P 500 composite and the Zacks Internet - Software industry. The company is expected to post a slight year-over-year increase in earnings and revenue growth, with valuation metrics indicating that the stock is trading at a discount to its peers.
Full articleSummary: Apple is close to reaching a deal with FIFA for the TV rights to a new World Cup-style tournament, potentially valued at a quarter of FIFA's $4 billion target. The tournament will be a monthlong competition for top teams taking place in the United States next summer. Meanwhile, Apple is also in the running for a portion of NBA streaming rights starting in the 2025-2026 season.
Full articleSummary: JPMorgan Chase & Co.'s chief market strategist Marko Kolanovic predicts a deepening selloff in US equities due to increasing macroeconomic risks. He recommends a defensive approach with a focus on long volatility and commodity exposure.
Full articleSummary: Google has fired 50 employees for protesting its cloud deal with Israel, leading to accusations of facilitating an 'AI-powered genocide in Palestine'. The group No Tech for Apartheid has organized protests against Google's involvement in Project Nimbus.
Full articleSummary: Key Institutional Bank President Randy Paine discusses the market outlook from a banking industry perspective, emphasizing investment in fee-generating businesses and confidence in meeting net interest income guidance. Paine also expects an uptick in M&A activity.
Full articleSummary: Pfizer's stock closed with a 1% gain, outpacing S&P 500. Investpors await forthcoming earnings report with a forecasted EPS decline and revenue decline. Recent analyst estimate revisions show positivity. The stock has a Zacks Rank of #3 (Hold) with a lower Forward P/E than its industry average.
Full articleSummary: Nvidia is facing concerns about its long-term outlook in the AI hardware market due to issues with GPU production and increasing power consumption, leading some analysts to question the company's dominance. Competitors like Intel are offering more cost-effective and efficient alternatives, posing new challenges for Nvidia. Despite efforts to expand manufacturing facilities and potential development of low-power processors, Nvidia's current vulnerabilities are raising doubts about its future competitiveness in the industry.
Full articleSummary: Medtronic Private Limited, a subsidiary of Medtronic plc, launched India's first NeuroSmartTM Portable Micro Electrode Recording Navigation system for Parkinson's treatment, revolutionizing Deep Brain Stimulation therapy by enhancing precision during surgery. This technology has been used successfully on a Parkinson's patient at Fortis Hospital in Bengaluru.
Full articleSummary: Broadcom Inc. (AVGO) closed slightly higher in the latest trading session, but has seen a decrease in share price over the past month. Analysts are closely monitoring the upcoming earnings report with positive expectations. The stock currently holds a Zacks Rank of #4 (Sell) and is being traded at a discount compared to its industry's metrics.
Full articleSummary: Exxon Mobil's stock performance has been mixed recently, with a slight increase in share price while lagging behind the overall market gains. The company is set to release its earnings report on April 26, 2024, with a projected decline in earnings per share. Analysts' estimate revisions are crucial indicators of the company's potential performance.
Full articleSummary: The article discusses how AI is becoming increasingly important in various industries and presents Intel, Apple, and Alphabet as excellent investment opportunities in the AI sector.
Full articleSummary: BlackRock emerges as a leader in ESG climate transition funds, reporting significant growth in the market for these funds. BlackRock's transition funds drew in $13.9 billion in net flows last year, mainly dominated in Europe.
Full articleSummary: Lowe's Companies Inc announced a dividend of $1.1 per share, continuing its streak of annual dividend increases since 1963. With a manageable payout ratio of 0.33 and strong profitability and growth metrics, the sustainability of Lowe's dividends appears promising in the medium to long term.
Full articleSummary: Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in Intuit Inc. by 1.3% during the 4th quarter, selling 13,020 shares of the software maker's stock, making Intuit its 3rd largest position. Various large investors have recently bought and sold shares of the company. In other news, EVPs Kerry J. Mclean and Alex G. Balazs sold shares of Intuit stock.
Full articleSummary: Caitlin Clark, the first pick in the WNBA draft, is reportedly set to sign an eight-year deal worth up to $28 million with Nike, including a signature shoe line, to supplement her rookie salary in the league.
Full articleSummary: Catherine Keating, the Senior Executive Vice President of Bank of New York Mellon Corp, sold 54,070 shares at an average price of $54.88 per share worth approximately $2,967,361. The transaction was disclosed in a regulatory filing, and Keating still holds 78,349.714 shares, showing continued investment in the company. Investors watch insider sales for insights into the company's valuation and future prospects.
Full articleSummary: Salesforce, a cloud-based CRM software solution that provides typical CRM features and enterprise solutions, aims to unify marketing, inside sales, commerce, and service. It allows for personalized marketing campaigns, automated marketing campaigns, customer service improvement, and app building among other features.
Full articleSummary: Caitlin Clark is set to wear her own signature Nike sneakers in the WNBA after signing an eight-year deal worth up to $28 million with Nike. Nike has been focusing on expanding its women's business.
Full articleSummary: The State Department's new report on human rights in Israel highlighted reported violations by various parties including the Israel Defense Forces and Hamas, leading to potential suspension of U.S. security aid to elements of the Israeli military over alleged abuses.
Full articleSummary: BlackRock World Mining Trust PLC reported unaudited net asset values of 587.59p Capital only (undiluted) and 595.57p Including current year income (undiluted) XD.
Full articleSummary: Regional U.S. banks are increasing lending to oil and gas projects, wealthy countries continue financing fossil fuel projects in poor countries, activists urge banks to cancel debts tied to fossil fuel projects in developing countries.
Full articleSummary: CPS Energy approved a $70 million, 10-year contract with Oracle to replace its 23-year-old software system, transitioning from the current system provided by SAP SE by 2027.
Full articleSummary: CITIGROUP sold a C$1 billion debt offering in the Canadian-dollar bond market for the first time in nearly a decade, following better-than-expected earnings reported more than a week ago.
Full articleSummary: Oracle's top lobbyist held private talks with Senate aides regarding the data housing agreement with TikTok to discuss technical mitigations. Oracle could face financial headwinds if TikTok is banned as it would lose a significant customer worth $1 billion. Records show Oracle paid $90,000 to Fierce and $80,000 to Polaris for assistance related to the TikTok legislation.
Full articleSummary: Simon Property Group lowered its annual forecast for net income and missed Wall Street estimates for quarterly funds from operations. High borrowing and input costs, lower foot traffic at outlet malls, and slowing leasing demand have impacted the company's performance.
Full articleSummary: Costco is facing issues with mislabeled meat products resulting in significantly reduced prices, leading to confusion and speculation among customers.
Full articleSummary: Blackrock Silver Corp shares closed at $0.33 with an intraday range of $0.31 to $0.34, dipping -2.94% from the previous day. TSX Composite closed at 21807.37, S&P 500 at 4967.23, Dow Jones at 37986.40, and Nasdaq at 15282.01. BRC.VN traded on TSX-V with a total of 234,507 shares traded, market cap of $75.83 million, and an EPS of $-0.03. The stock has a 'Moderate Buy' recommendation from 2 analysts.
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