Summary: Apple Inc. named a top pick for 2024 by Bank of America on optimism over upcoming results and longer-term prospects. Despite concerns over growth, regulatory pressure, and weak demand in China, analysts remain positive on the stock.
Full articleSummary: 2 analysts express bullish sentiments towards Sysco (SYY) and Kraft Heinz (KHC) in the Consumer Goods sector.
Full articleSummary: Nelly Korda wins her fifth consecutive LPGA event, tying the record with Nancy Lopez and Annika Sorenstam. She is now a two-time major champion. Korda has been on an incredible run since recovering from a blood clot in 2022 and seems unstoppable.
Full articleSummary: Tesla shares fell 4% after issuing price cuts, Cisco Systems was given a neutral rating by JPMorgan analysts, Verizon shares dropped 3% despite an earnings beat, Prologis was downgraded to hold by BMO Capital Markets while Papa John's saw a 1.5% rise after an upgrade.
Full articleSummary: The National Highway Traffic Safety Administration issued multiple recalls in the last two weeks for various car manufacturers including Ford, Toyota, Lexus, and Tesla due to various safety concerns like battery issues, door defects, airbag deployment failure, and gas pedal acceleration. Lexus, Ford, Toyota, and Tesla all have vehicles being recalled for different safety issues.
Full articleSummary: Home Depot has hired additional security, including guard dogs, at certain locations due to reported thefts by undocumented immigrants. The retailer has implemented security measures such as bulletproof vests and German Shepherds in response to incidents involving migrants soliciting customers and attempting to sell fake products.
Full articleSummary: Bristol Myers Squibb and Cellares have agreed to a $380 million deal to improve manufacturing capabilities for CAR T-cell therapies. This collaboration aims to enhance access to these treatments for patients at a faster rate by utilizing Cellares' fully automated systems.
Full articleSummary: Wells Fargo CEO warned of difficulties in achieving a soft landing of the economy due to inflation and highlighted impact on consumer spending, particularly on fuel and food.
Full articleSummary: GM and Ford are set to release their first-quarter results amidst challenges but have shown resilience. GM's CEO expressed optimism due to strong demand for pickup trucks and SUVs, leading to Barclays increasing its target price. Both companies are focusing on gasoline-powered cars to pursue profit growth and adapt to market conditions.
Full articleSummary: Dow Jones rose over 300 points as Nvidia bounced back, TSMC beat Q2 sales expectations driven by AI boom, and other tech companies like Microsoft reported earnings. Tesla stock continued its slide ahead of earnings. Nvidia stock recovered but Super Micro Computer struggled.
Full articleSummary: McDonald’s is facing scrutiny for its use of antibiotics in beef and pork products, with a notice of exempt solicitation filed by The Shareholder Commons urging the company to phase out the use of medically-important antibiotics. This issue could impact McDonald's in the upcoming annual meeting on May 22nd.
Full articleSummary: Wall Street's major market averages ticked up as investors wait for further earnings data this week. Dow climbed 0.6%, S&P 500 gained 0.7%, Nasdaq Composite picked up 0.8%. Financials and Info Tech are top performing sectors, while Communication Services and Materials are the worst performers. Eyes on upcoming earnings including Tesla, Meta, Alphabet, and Microsoft. Treasury yields saw downward moves, gold fell 2% on easing worries over Middle East conflict.
Full articleSummary: Medtronic has patented a new microcatheter with an improved inner liner for easier delivery of vascular reconstruction devices. The method involves stretching a PTFE tube to create a liner with enhanced toughness and low friction, facilitating the deployment of expandable devices. A recently granted patent outlines the production process of the catheter and emphasizes the importance of specific characteristics for optimal performance in medical applications.
Full articleSummary: Ford has stopped taking orders for the cheapest 2024 F-150 Lightning trim (Pro Lightning) while introducing a new Flash model at a higher price point with additional features. The 2024 Lightning XLT now starts at $62,995, lower than anticipated, in an effort to boost sales amidst increasing competition from other electric pickups like Tesla's Cybertruck and Chevy Silverado EV.
Full articleSummary: Bristol Myers Squibb has expanded its partnership with cell therapy contract manufacturer Cellares by signing a $380 million deal to reserve CAR-T manufacturing space, granting BMS access to Cellares' automated manufacturing units and aiming to improve the production of CAR-T blockbusters and potential future candidates.
Full articleSummary: Salesforce's bid to buy Informatica has failed as both companies couldn't agree on terms, causing Salesforce stock to rise 3.5% and Informatica shares to tumble 6% in premarket trading. The failed deal, valued at around $10 billion, has faced opposition from analysts and investors.
Full articleSummary: Nvidia and AMD stocks rebounded on Monday after a selloff on Friday due to market concerns. Oppenheimer analyst mentions positive outlook for companies connected to artificial intelligence. Analyst forecasts tight CoWoS capacity through 2024 with Nvidia leading the accelerator market.
Full articleSummary: Global military spending reached a new high of $2.4 trillion, with the United States being the biggest spender at $916bn, China second at $296bn, and Russia third at $109bn. The increase was driven by uneven military budget growth, especially in Europe due to the war in Ukraine.
Full articleSummary: The New York Stock Exchange and a startup backed by Steve Cohen are considering going 24/7 trading, seeking SEC approval for a 24-hour exchange.
Full articleSummary: Five Teamsters unions in the US have filed charges of unfair labor practices against PepsiCo, claiming anti-worker policies in place, PepsiCo is in negotiations over new contracts for staff in Illinois and Indiana, PepsiCo has denied carrying out any unfair labor practices and insists on following US labor laws
Full articleSummary: Salesforce introduced new initiatives focused on sustainable and equitable AI development, including the Sustainable AI Policy Principles and the Salesforce Accelerator - AI for Impact program to help climate nonprofits leverage AI solutions to address climate change challenges.
Full articleSummary: Bristol Myers Squibb (BMY) is expected to reveal a quarterly loss of $4.51 per share, with analysts forecasting revenues of $11.45 billion. Analysts' assessments on specific key metrics and net sales for different products are provided. Bristol Myers shares have experienced a -5.8% change in the past month, leading to a Zacks Rank #3 (Hold) for the stock. Additionally, a special report on stock recommendations for both Democrats and Republicans is mentioned, highlighting 5 stocks with extreme upside potential.
Full articleSummary: Tesla became the world's most valuable automaker by popularizing battery-electric vehicles. Legacy auto brands are catching up, with Ford's F-150 Lightning becoming even more environmentally friendly. Two cousins added solar panels to their truck to help make EVs greener.
Full articleSummary: Ford Motor Company and Copper Country Ford donate a 2012 Ford Focus to support automotive student education and skill development at the Copper Country ISD Career and Technical Education program.
Full articleSummary: The stock market saw a mix of gains and losses with notable movements from Verizon Communications tumbling, Tesla facing price cuts, Nvidia making gains, and Riot Platforms spiking after a bullish Wall Street call. The Dow Jones and Nasdaq had early gains fade, while some individual stocks were holding steady near buy points despite negative pressure.
Full articleSummary: New options trading began for Amgen Inc (AMGN) with new contracts for March 2025 expiration, providing potential opportunities for sellers of puts or calls. A put contract at $260.00 strike price offers premiums and represents a 4% discount to current stock price with 64% odds of expiring worthless. On the calls side, a call contract at $280.00 strike price offers a total return of 12.48% if stock gets called away at expiration with 47% odds of expiring worthless.
Full articleSummary: Berkshire stock has seen slower growth in recent years compared to previous decades, but still outperformed the overall market.
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