Summary: Several companies are expected to report earnings for the quarter ending March 31, 2024. Pepsico, Inc. (PEP) is forecasted to have a 1.33% increase in earnings, Danaher Corporation (DHR) a 27.12% decrease, GE Aerospace (GE) a 148.15% increase, Philip Morris International Inc (PM) a 2.17% increase, RTX Corporation (RTX) a 0.82% increase, NextEra Energy, Inc. (NEE) a 4.76% decrease, Lockheed Martin Corporation (LMT) a 9.80% decrease, United Parcel Service, Inc. (UPS) a 39.55% decrease, Fiserv, Inc. (FI) a 12.03% increase, Sherwin-Williams Company (SHW) a 10.29% increase, Freeport-McMoran, Inc. (FCX) a 48.08% decrease, and Spotify Technology S.A. (SPOT) a 150.81% increase.
Full articleSummary: Several companies are expected to report earnings for the quarter ending March 31, 2024, with forecasts showing various changes in earnings per share compared to the same quarter last year. Notable mentions include Pepsico (PEP) with a 1.33% increase, Danaher Corporation (DHR) with a 27.12% decrease, GE Aerospace (GE) with a 148.15% increase, and Spotify Technology (SPOT) with a significant 150.81% increase.
Full articleSummary: Market forecasts for Boeing 737 production and deliveries have plummeted.
Full articleSummary: Firms are increasingly opting for joint ventures (JVs) and partnerships as a go-to strategy to expand their businesses, amidst rising barriers to commerce, high interest rates, and regulatory scrutiny. Various firms in different sectors such as Disney, Ford, Microsoft, Stellantis, and others are engaging in quasi-mergers, collaborations, and strategic alliances.
Full articleSummary: The rise of in-between arrangements like joint ventures and partnerships is becoming popular across various industries, especially in areas of rapid technological change and amid increasing barriers to commerce and regulatory constraints. Companies such as Disney, Ford, Microsoft, and Stellantis are engaging in these quasi-mergers to expand their business empires and collaborate on ventures ranging from AI to EVs and mining projects.
Full articleSummary: GoCardless, the bank payment company, has integrated with Intuit QuickBooks’ financial management software in Australia to offer direct debit services, helping small businesses manage their finances more efficiently and reduce late payments.
Full articleSummary: Starbucks is planning to reduce noise levels in its stores by adding acoustic dampening baffles or foam to the ceiling of new stores and renovating nearly 1,000 locations. The initiative aims to create a more comfortable environment for customers and employees.
Full articleSummary: WNBA superstar Caitlin Clark is reportedly in talks to sign an eight-year, $28 million deal with Nike, which would include a signature shoe line, making her one of the highest-paid endorsement earners in the WNBA.
Full articleSummary: Former Comcast cable installation technicians have asked a Pennsylvania federal judge to dismiss a proposed class action suit alleging a subsidiary of the company failed to pay for work completed.
Full articleSummary: FedEx will invest $5 million per year for the next five years in Memphis Tigers' NIL program benefitting student-athletes across various sports, starting with football, men's and women's basketball, and additional women's sports. This marks a significant move in the evolving landscape of NIL opportunities for student-athletes, potentially leading to increased corporate support for similar initiatives in college athletics.
Full articleSummary: Boeing is expecting a slower increase in production and deliveries of new 787 Dreamliner planes due to supplier shortages of key parts. The company had previously slowed down deliveries and output of 737 Max planes due to safety issues.
Full articleSummary: Auxilio Mutuo Hospital in Puerto Rico has chosen Oracle Health's EHR to enhance patient care and streamline billing processes. The new system aims to improve coordination among care teams and communication with patients. Oracle's technology will assist the hospital in facing challenges such as natural disasters and drive efficiency in healthcare delivery.
Full articleSummary: Harvest US Bank Leaders Income ETF gained 2.24% on trading today with opening at $11.74 and closing at $11.87. It traded under HUBL on the Toronto Stock Exchange (TSX). The ETF's market capitalization is $0.00 with 0 shares outstanding. Its investment objectives include providing monthly cash distributions and capital appreciation with lower volatility.
Full articleSummary: Home Depot has hired additional security, including guard dogs, at certain locations due to thefts allegedly committed by undocumented immigrants. New York lawmakers approved a budget allocating $2.4 billion for migrant housing, legal services, and healthcare.
Full articleSummary: Intel's Gaudi 3 24x 200GbE AI Accelerator is creating a lot of buzz after the recent event, leading to the release of a short video showcasing more views of the OAM accelerator and universal baseboard assembly.
Full articleSummary: S&P 500 gained 0.9% after a week of losses, Ford shares rose due to EV sales initiatives and unionization, Cardinal Health stock dropped after ending a drug distribution contract with OptumRX.
Full articleSummary: Home Depot has hired additional security, including guard dogs, at certain locations due to thefts allegedly committed by undocumented immigrants. The retailer brought on German Shepherds with third-party security teams for its New Rochelle, New York, store after migrants broke into cars and solicited customers. In response to migrant impacts, a spokesperson stated it's not unusual for the retailer to use outside security.
Full articleSummary: Simon Property Group's short percent of float has risen by 14.35% since its last report, with 4.63 million shares sold short, representing 2.47% of all regular shares. Short interest acts as an indicator of market sentiment, increasing short interest can suggest bearishness, and decreasing can suggest bullishness.
Full articleSummary: Intuit Inc. released a report titled 'The Science of Loyalty' with 12 actionable tactics for brands to build loyalty with customers, including insights on loyalty spectrum, commitment levels, and loyalty strategies.
Full articleSummary: US equity indexes started the new week positively with DJIA surging above 38,400.00 before settling near 38,200. Investor sentiment is recovering as key US data is anticipated this week.
Full articleSummary: Boeing expects a slower increase in the production rate and deliveries of its 787 widebody jets due to supplier shortages on key parts. The company still plans to meet strong demand but anticipates delays.
Full articleSummary: Stock futures were little changed with Nvidia rebounding. Earnings reports expected from Microsoft, Boeing, Tesla, Meta Platforms, and Google parent Alphabet. Some companies reported earnings with mixed reactions in the stock market. Economic data including GDP and inflation gauge awaited.
Full articleSummary: Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were little changed ahead of the stock market open. Nvidia rebounded while big earnings reports include Microsoft, Boeing, Tesla, Meta Platforms, and Google parent Alphabet. Several companies reported earnings with Cadence stock plunging and Nucor selling off, Packaging shares edged higher. GDP data will show 2.1% growth in the first quarter. Tech-heavy Nasdaq composite advanced. American Express bouncing back from support, Alphabet is above a buy point in consolidation. Dexcom is holding above its key 50-day line. On Holding gave up its 50-day line. Tradeweb is building a flat base. Nvidia stock rebounded, while Tesla tumbled after price cuts.
Full articleSummary: Nike is laying off employees as part of cost-cutting plan due to weakened sales. Despite challenges in activewear space, Nike is optimistic about increased consumer interest in health and fitness. Company investing in strength training equipment and pushing deeper into fitness and wellness.
Full articleSummary: Female Nike employees reported complaints of lack of faith in human resources, intimidation, vulgarity, and inappropriate touching in a 2018 survey.
Full articleSummary: Rick Rieder, BlackRock's chief investment officer of global fixed income, believes the Fed still has scope to cut Fed Funds twice in 2024 despite challenges, with markets pricing around 40bp of cuts compared to his forecast of 50bp.
Full articleSummary: Giant asset managers are increasing their control over the US financial system, managing sums rivaling economies of large countries. Private equity funds have seen significant growth in recent years. SEC approved new rules for private funds to increase transparency and crack down on special deals for specific investors.
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