Summary: Bonduelle collaborated with ExxonMobil and Constantia Drukpol to design a new mono-material PE packaging bag to improve recyclability and simplify its portfolio for frozen food, achieving higher needle puncture and tear resistance.
Full articleSummary: Sippican Capital Advisors increased its stake in JPMorgan Chase & Co. by 68.8% during the 4th quarter according to its recent SEC disclosure. Insiders at JPMorgan Chase & Co. sold a significant number of shares recently. The company also announced an increase in its dividend.
Full articleSummary: Sentry Investment Management LLC reduced its stake in JPMorgan Chase & Co. by 21.1% in the fourth quarter, while General Counsel and Vice Chairman sold shares. A number of other institutional investors also modified their holdings. Analysts have provided various ratings and target prices for JPM stock.
Full articleSummary: NVIDIA's earnings have increased significantly with EPS growth from US$1.76 to US$12.09 in a year, backed by a rise in revenue and improvement in EBIT margins. Insiders have a substantial stake in the company, showing commitment to its future. Investors are advised to keep a close eye on NVIDIA for potential opportunities.
Full articleSummary: Jefferies analyst maintained a Buy rating on Philip Morris with a price target of $101.00. The company's shares closed at $93.77. Analyst consensus is Moderate Buy with a $103.85 average price target. Citi reiterated a Buy rating with a target of $113.00.
Full articleSummary: Discussion and outrage regarding the low salaries of WNBA players, particularly compared to NBA players. While progress has been made in increasing salaries, there is still a significant disparity. The conversation highlights the need for further awareness and pressure on the league to address these issues.
Full articleSummary: McDonald's (MCD) has been consistently beating earnings estimates in the last two quarters, with an average surprise of 5.66%. The company's positive Zacks Earnings ESP (+0.30%) and Zacks Rank #3 (Hold) suggest a possibility of another beat in the upcoming quarterly report on April 30, 2024.
Full articleSummary: Bank of America Securities analyst Dany Asad reiterated a Buy rating on Choice Hotels with an average price target of $131.00, reporting a quarterly revenue of $358.4 million and a net profit of $28.95 million. The company's shares opened at $117.26 today.
Full articleSummary: The U.S. and Canadian governments gifted Microsoft significant amounts of money despite major security vulnerabilities and breaches, prompting questions about the relationship between governments and the tech giant.
Full articleSummary: NYSE, owned by Intercontinental Exchange, is polling market participants on interest in 24/7 stock trading amidst increasing interest in off-hours trading. Nasdaq also saw a gain in response to the news.
Full articleSummary: Endava's target price was lowered by Citigroup from $40.00 to $33.00 with a 'neutral' rating, indicating a potential upside of 10.33%. Multiple other brokerages revised their price targets and ratings as well. The stock traded down to $29.91 on Monday.
Full articleSummary: Philip Morris International (NYSE:PM) saw unusually large options trading with an increase in call options volume. The company recently reported a quarterly earnings miss and a negative return on equity. Additionally, there were recent insider selling transactions.
Full articleSummary: Intuit Inc. (INTU) stock price was down 0.3% on Monday, with analysts mostly giving positive ratings and target price upgrades for the company. The company also declared a quarterly dividend and saw insider trading activity.
Full articleSummary: Bank of New York Mellon had its price target hoisted by Morgan Stanley from $62.00 to $63.00 with an equal weight rating. Several other research firms also increased their price targets and gave buy ratings to the stock. The company reported earnings above expectations and announced a quarterly dividend. Insiders have sold shares, while institutional investors have bought shares of the company.
Full articleSummary: Genpact's price target lowered by Citigroup analysts from $36.00 to $33.00 with a 'neutral' rating, average target price of $39.78. However, some analysts maintain 'buy' ratings on the stock. Genpact's stock price currently at $31.54, down 0.2%.
Full articleSummary: The Home Depot, Inc. (NYSE:HD) stock was down 0.3% on Monday, with approximately 557,072 shares traded. Several research firms have given the stock a 'buy' rating and raised their price targets. Home Depot last posted quarterly earnings, beating consensus estimates, and increased its dividend.
Full articleSummary: RWA Wealth Partners LLC raised its position in PepsiCo, Inc. by 133.3% during the 4th quarter, according to its most recent filing with the SEC. Several other institutional investors have also increased their holdings in PepsiCo. Wall Street analysts have issued both buy and hold ratings for PepsiCo, with an average rating of 'Moderate Buy'. PepsiCo recently announced a quarterly dividend of $1.265 per share.
Full articleSummary: Several institutional investors have increased their holdings in FedEx Co. (NYSE: FDX) by a significant percentage in the 4th quarter. FedEx also reported strong quarterly earnings with higher EPS than analysts' estimates. Additionally, the company announced a dividend and initiated a share buyback program, indicating confidence in its future growth potential.
Full articleSummary: Apple's premier mixed reality headset, Vision Pro, has seen a significant decline in interest and sales since its successful launch, with reports of stores selling just a handful of units per week and decreased demand for demos. Complaints from customers include impracticality in everyday life and discomfort while using the headset.
Full articleSummary: Lockheed Martin has added Magnolia 6389 A/B epoxy from Magnolia Advanced Materials to its EMAP list for aerospace parts. The epoxy is designed for high temperature resistance and compressive strength in composite applications.
Full articleSummary: Pfizer Inc. (NYSE:PFE) traded up 1.1% during mid-day trading on Monday. Pfizer stock has market capitalization of $149.55 billion, with a price-to-earnings ratio of 73.03 and a beta of 0.61. Pfizer posted quarterly earnings with revenue down 41.3% compared to the same period last year. Hedge funds, such as Raymond James & Associates and Signature Wealth Management Group, have increased their stakes in Pfizer.
Full articleSummary: Bank of America Securities analyst Shaun Kelley maintained a Buy rating on Hilton Worldwide Holdings with an average price target of $214.28, Barclays also maintained a Buy rating on the stock with a $216.00 price target. Hilton Worldwide Holdings reported positive quarterly earnings.
Full articleSummary: RTX inched 0.46% higher ahead of its first-quarter results with investors seeking confirmation on the GTF engine recall. Analysts are slightly below consensus on earnings but expect confirmation of peak Aircraft On Ground. The company saw a massive recall of 600-700 Geared Turbofan engines in 2023.
Full articleSummary: Lockheed Martin (NYSE:LMT) is scheduled to announce Q1 earnings results. Analysts expect profit of $5.86 per share (-8.9% Y/Y) on revenue of $15.99B. Investors are keen on the impact of the Middle East War on the company. J.P. Morgan mentions the possibility of supplemental funding for countries like Ukraine, Israel, and/or Taiwan that could benefit defense stocks.
Full articleSummary: Intel Vision 2024 announcement indicates a competitive landscape in the data center AI accelerator market, with a focus on Gaudi 3 and a three-way competition between Nvidia, AMD, and Intel.
Full articleSummary: Apple has ordered capacitative button components for potential use in the upcoming iPhone 16 series, but it is uncertain if they will be included in this year's models. The components are for haptic feedback buttons and may potentially be used on the iPhone 17 lineup.
Full articleSummary: BlackRock's Bitcoin ETF, IBIT, is on the verge of entering the top 10 list for Longest Daily Inflows Streak among ETFs, currently tied with JETS at 69 days. The achievement highlights the growing interest in digital assets within institutional circles.
Full article