Summary: PepsiCo stock price rose 1% during mid-day trading, with analysts raising target price and several analysts maintaining a 'buy' rating for the company. The firm's market cap is $242.55 billion with a P/E ratio of 26.77. PepsiCo also announced a quarterly dividend and institutional investors have shown significant interest in the company.
Full articleSummary: Apple is reportedly close to a deal with FIFA for the worldwide television rights to its new Club World Cup in 2025, with the tournament to be hosted in the United States.
Full articleSummary: Wall Street analysts have been slashing price targets on interest-sensitive stocks like REITs in light of Jerome Powell's 'higher for longer' message on rate cuts and strong economic data. Over the past week, 44 REITs across different subsectors have had price target cuts, with no signs of slowing down. Recent price target cuts include Alpine Income Property Trust Inc., Crown Castle Inc., Prologis Inc., and Host Hotels & Resorts Inc.
Full articleSummary: PepsiCo Inc is set to report its first-quarter financial results with analysts expecting revenue of $18.08 billion and earnings per share of $1.52. Analysts are cautious due to a Quaker recall and slowdown in salty snacks, but the stock chart looks bullish.
Full articleSummary: TSMC reported better-than-expected first quarter results driven by strong AI demand, with net revenue growing 16.5% YoY. The company's high net profit margin of 40% reflects its competitiveness. TSMC expects healthy growth for 2024 and beyond, with strong demand for 3-nanometer and 5-nanometer technologies.
Full articleSummary: Wells Fargo initiated coverage of enGene Holdings (NasdaqCM:ENGN) with an Overweight recommendation, projecting a 145.66% upside based on the average one-year price target of $36.21. Various major shareholders hold significant ownership stakes in the company.
Full articleSummary: BMO Equal Weight US Bank ETF (ZBK.TO) shares rose by 2.09% today, trading between $28.48 and $28.85. The ETF has a market capitalization of $0.00 with 0 shares outstanding. In the last 52 weeks, ZBK.TO has traded between $19.10 and $29.49, with a 27.06% increase over the past year. The Fund invests in the Solactive Equal Weight US Bank Index.
Full articleSummary: Chevron plans significant investment in new gas fields to maintain production at Gorgon and Wheatstone facilities. Former WA resources minister advocated for developing gas fields, citing current economic opportunity.
Full articleSummary: Boeing expects a slower increase in production and deliveries of its 787 jet due to supplier shortages on key parts but still plans to meet strong demand.
Full articleSummary: PepsiCo Inc (NASDAQ:PEP) is set to report first-quarter financial results with analysts expecting revenue of $18.08 billion and earnings per share of $1.52. Analysts express caution due to a Quaker recall and slowdown in salty snacks, but some maintain positive outlooks with raised price targets.
Full articleSummary: Catherine Keating, Sr. Exec. Vice President at Bank of New York Mellon Corp, sold a significant amount of shares.
Full articleSummary: PayPal stock experienced a 7-day streak without gains during the overdue correction week in the US markets but broke the negative trend on Friday. The company is set to release its Q1 report next week.
Full articleSummary: Broadcom is facing backlash over changes made to VMware products post-acquisition, despite CEO Hock Tan's efforts to reassure customers through blog posts and announcements. Critics, including Cloud Infrastructure Services Providers in Europe (CISPE), remain skeptical of Broadcom's actions and argue against the subscription model implemented. Concerns include exorbitant price increases, product re-bundling, and restrictive licensing terms impacting cloud services in Europe.
Full articleSummary: Starbucks has agreed to restart contract negotiations after a two-and-a-half-year standoff, offering pay hikes and benefits to unionized workers in 415 stores across 47 states. The company had previously withheld these benefits in an attempt to discourage baristas from joining unions.
Full articleSummary: New A.I. technology developed by Profluent can generate blueprints for microscopic biological mechanisms to edit DNA, aiming to improve precision and speed in battling illnesses and diseases.
Full articleSummary: Microsoft’s AI chief emphasized the importance of making AI understandable to the public and offered analogies to illustrate its potential. He mentioned that the AI industry should prioritize safety and human agency, viewing AI as a new type of digital species with infinite knowledge and the ability to deliver solutions in various sectors.
Full articleSummary: Express Inc has filed for pre-packaged Chapter 11 bankruptcy, consortium led by WHP Global to buy brands and surviving stores, landlords facing challenges with ecommerce shift. Stock price of EXPR has seen extreme fluctuations.
Full articleSummary: Disney is developing multiple film and television projects based on its theme park rides, with projects such as a film based on Figment the dragon and a Space Mountain concept in the works.
Full articleSummary: Intel Foundry has been awarded Phase Three of the RAMP-C program by the U.S. Department of Defense (DoD), enabling customers to manufacture commercial and defense product prototypes on Intel 18A technology. The program aims to restore domestic leadership in leading-edge semiconductors and strengthen the commercial foundry ecosystem in the U.S. Intel Foundry has been engaging with various companies to support the semiconductor IP ecosystem development and fabricate test chips on Intel 18A.
Full articleSummary: The Acute Myeloid Leukemia market outlook for 2032 is promising with several emerging therapies in development. The market report covers current treatments, market size, trends, and growth opportunities. Key companies involved in developing targeted therapeutics include Pfizer, Bristol Myers Squibb, Agios Pharmaceuticals, Abbvie, and others.
Full articleSummary: A private group of investors has purchased GE's management-training facility, Crotonville, for $22 million, which will now operate as a conference center. The sale reflects a shift in work environments and employees' perceptions, with GE opting for more regional meetings at hotels and venues near its facilities.
Full articleSummary: Broadcom's attempts to address complaints about VMware licensing and pricing are facing resistance from critics who feel that the adjustments made by the chipmaker are inadequate. Various trade groups have raised concerns about alleged price hikes, unfair software licensing terms, and tying products together.
Full articleSummary: Zacks Premium offers a research service with Zacks Style Scores to rate stocks based on value, growth, and momentum characteristics, helping investors choose securities with high chances of outperforming the market over the next 30 days. ConocoPhillips (COP) has a Zacks Rank of #2 (Buy) and VGM Score of B, with attractive valuation metrics, positive earnings estimate revisions, and strong performance.
Full articleSummary: Google is set to launch a new Chromecast with Google TV that will retain the 4K resolution of the current model and come with a new remote, offering potential upgrades in performance and features.
Full articleSummary: Contractor sues Intel for injury due to exposure to toxic chemicals at D1X factory in Hillsboro.
Full articleSummary: The video discusses recent updates about Arm Holdings and semiconductor companies, mentioning that Arm Holdings wasn't among the top 10 stocks recommended by The Motley Fool's Stock Advisor team. The video also highlights the success of Nvidia stock and Stock Advisor's superior returns compared to the S&P 500 since 2002.
Full articleSummary: Former Meta executive Jason Taylor is joining Microsoft’s AI supercomputing team to help build the next set of systems that will push the frontier of AI forward.
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