Summary: Intel is implementing a cutting-edge lithography tool to advance semiconductor development at its Hillsboro campus, aiming to secure its position as a hub for chip technology. The company has committed over $30 billion to upgrade its facilities, leading the way in AI and emerging technologies. Intel's success is crucial to Oregon's semiconductor industry growth and potential job creation in the state.
Full articleSummary: Piper Sandler analyst reiterated a Buy rating on Amgen with a price target of $344.00. Wells Fargo also maintained a Buy rating with a $320.00 price target. Amgen reported a 19.8% increase in quarterly revenue and a decrease in net profit compared to the previous year.
Full articleSummary: Aircraft manufacturers in the US are lagging behind automakers in electrifying the industry due to challenges in decarbonizing aviation. Startups like Joby Aviation, Archer Aviation, and Wisk Aero are making progress towards electrification, attracting investments from major players in the industry. The industry is also looking into sustainable fuels and hybrid solutions to reduce emissions.
Full articleSummary: FedEx Express partnered with a local non-profit for a beach clean-up activity as part of their 40th anniversary celebration and commitment to support a sustainable planet. They collected 588 kilograms of trash and donated PHP one million to support environmental programs in Zambales and Metro Manila.
Full articleSummary: Informatica will not be sold to Salesforce after negotiations for a roughly $10 billion deal reportedly faltered. Informatica confirmed it is not engaged in any discussions to be acquired, and shared positive updates on its business performance and announced the departure of its Chief Product Officer.
Full articleSummary: BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after criticism for ESG strategies. The company faced backlash from Republican-led states and a legal warning from Mississippi over its ESG policies. Despite this, BlackRock remains a leader in asset managers focusing on low-carbon investments.
Full articleSummary: Analyst Joe O’Dea maintained a Hold rating on Dover with a price target of $177.00, while the analyst consensus is Moderate Buy with a price target of $184.00. Corporate insider sentiment is negative due to an increase in insider selling.
Full articleSummary: Goldman Sachs predicts that we are in the early stages of an AI-driven surge which will impact multiple sectors, with Nvidia playing a central role in the initial phase.
Full articleSummary: Nvidia (NVDA) stock has shown contradicting sentiments as institutional traders go the contrarian route while fundamental valuation metrics indicate overpricing. The stock's rich premium is supported by its market dominance in the AI sector, but concerns arise regarding lack of tangible support lines and potential swift descent in stock price.
Full articleSummary: Coca-Cola in China has launched a new high-protein milk brand called Rubeile after the suspension of Fairlife ultra-filtered milk. The company continues to focus on high-quality dairy products in an effort to expand its product matrix and target the high-nutrient milk market.
Full articleSummary: Nike is set to lay off at least 740 employees from its Oregon headquarters due to anticipated revenue drop in fiscal 2025; however, the company has announced a $2 billion cost savings plan to face the challenge. Additionally, Nike appears to have lined up a multimillion-dollar deal with women's basketball star Caitlin Clark.
Full articleSummary: Informatica publicly announced that it is not for sale, denying acquisition talks with Salesforce or any other company after rumors of a potential deal surfaced.
Full articleSummary: Wells Fargo adjusted its outlook on Crescent Energy (NYSE:CRGY), raising the stock's price target to $20 and maintaining an Overweight rating based on production and price realization expectations. Lowered Q1 EPS estimate due to reduced oil production and weaker gas prices. Forecasting $450 million in free cash flow for 2024.
Full articleSummary: Tesla Inc. cut price of 'Full Self Driving' system, Verizon Communications missed revenue forecasts, CoStar Group is buying Matterport Inc.
Full articleSummary: Handelsbanken Fonder AB raised its position in Booking Holdings Inc. by 5.6%, along with other institutional investors and hedge funds increasing holdings in the company. Insiders have also sold a significant number of shares in recent quarters. Booking reported positive quarterly earnings, beating analysts' estimates, and announced a dividend of $8.75 per share. Analysts have set new price targets for BKNG, with most ratings being either 'buy' or 'market outperform'.
Full articleSummary: John Malone steps down from Charter Communications board due to concerns about Clayton Act violations. This comes after other executives faced scrutiny for possible Antitrust Act violations.
Full articleSummary: Airtel Africa disclosed purchasing 40,921 ordinary shares at 0.50 USD each from Citigroup Global Limited as part of its shares buy-back program. The buyback program began on March 1, 2024, aiming to repurchase $100 million worth of Airtel Africa's shares in 12 months to reduce share capital, lower debt, and operating costs.
Full articleSummary: Apple is close to a deal with FIFA for worldwide rights for an expanded version of the Club World Cup in 2025 worth over $1 billion. This would be Apple's second major broadcast partnership in soccer after signing a deal with Major League Soccer in 2022.
Full articleSummary: Walgreens Boots Alliance is laying off another round of workers, majority of impacted roles based in Chicago offices. Amazon allegedly worked to steal trade secrets from Trader Joe's to develop a private-label food brand Wickedly Prime.
Full articleSummary: Oppenheimer maintains a positive outlook on Intuit shares due to an increase in year-over-year tax filings, indicating a robust tax season for 2024. The IRS data shows growth in individual income tax returns received and e-filing receipts, particularly from self-prepared filings. This trend suggests a return to normalcy and a healthy tax filing season, potentially benefiting companies like Intuit.
Full articleSummary: SIU Aviation students at Southern Illinois University Carbondale received scholarships from The Boeing Company to enhance their education and support diversity in the aviation industry.
Full articleSummary: FedEx announced a landmark NIL deal with Memphis athletics, providing $5 million a year for the next five years to various sports teams, potentially being a game-changer for the university's athletic programs.
Full articleSummary: JPMorgan downgraded Cisco Systems from Overweight to Neutral with a new price target of $53, citing cautious view on medium-term prospects despite favorable near-term setup and muted expected earnings growth rate. The firm believes Cisco's Campus Networking segment recovery may be slower-than-average and that recent product updates may have limited potential gains.
Full articleSummary: Google is developing a two-hop proxy to enhance privacy for Chrome users, affecting ad targeting accuracy and increasing location data collection which could raise advertisers' costs. The proxy will give Google a monopoly on this data, potentially eliminating competition in the search ads space.
Full articleSummary: Cisco expects a significant increase in equipment returns due to its Environmental Sustainability Specialization program, aiming to incorporate circular design principles into all products by 2025. The company is increasing its takeback incentive to meet the growing demand for energy-efficient and recyclable solutions.
Full articleSummary: UBS downgraded the Big Six tech companies (GOOGL, AMZN, AAPL, META, MSFT, NVDA) to neutral from overweight due to expected slowing earnings growth, and highlighted a shift in stock leadership as large cap tech decelerates and mid cap tech accelerates. UBS expects non-tech companies to see a significant increase in earnings in the first quarter of 2025.
Full articleSummary: Tower REITs specializing in cell towers have strong performance records with dividend growth and provide attractive yields up to 6.6%. American Tower (NYSE: AMT), Crown Castle (NYSE: CCI), and SBA Communications (NASDAQ: SBAC) are highlighted as top tower REITs for investment opportunities.
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