Summary: Stock Yards Bank & Trust Co. reduced its stake in Caterpillar Inc. by 2.7% during the 4th quarter, selling 2,459 shares. Meanwhile, several other large investors increased their holdings in CAT. Insiders also made moves with a sale by Anthony D. Fassino of 4,575 shares and a purchase by Director David Maclennan of 350 shares. CAT stock traded up 1.3% on Monday reaching $359.14 with a market cap of $179.35 billion. Additionally, analysts have mixed ratings on Caterpillar stock.
Full articleSummary: Dow Inc. is expected to report quarterly earnings of $0.47 per share, with a decrease in revenues year over year. Analysts have adjusted EPS estimates upward by 2.9%. Various segments such as Performance Materials & Coatings and Packaging & Specialty Plastics are forecasted to show declines in revenues.
Full articleSummary: David Ellison's Skydance Media is in talks to acquire Paramount Global, including its vast library of classic movies and other assets, through a complex deal involving cash and stock. The deal would also involve Paramount Global acquiring Skydance in an all-stock-deal. The potential acquisition is supported by National Amusements president Shari Redstone but facing resistance from some shareholders.
Full articleSummary: BlackRock's Bitcoin ETF, IBIT, is close to entering the top 10 list for the Longest Daily Inflows Streak among ETFs, demonstrating steady investor capital accumulation and growing interest in digital assets.
Full articleSummary: Salesforce has dropped its acquisition plans to buy data management software company Informatica for an estimated $11 billion after failing to agree on terms of the deal.
Full articleSummary: FedEx Express celebrated its 40th anniversary in Singapore by teaming up with the Arbor Day Foundation and Garden City Fund to plant 80 trees as part of the OneMillionTrees movement. The event signifies the company's commitment to sustainability and local community involvement.
Full articleSummary: Wall Street analysts expect Intel (INTC) to post strong quarterly earnings with a significant increase in both EPS and revenues. Analysts provided estimates for various key metrics, suggesting mixed results with some sectors showing positive growth and others facing challenges. Intel's stock has recently underperformed compared to the market.
Full articleSummary: Salesforce's potential acquisition of Informatica fell apart due to disagreements on deal terms despite potential enhancements in data capabilities. Speculation arises about Salesforce targeting other companies like HubSpot to maintain its competitive edge in CRM and marketing automation.
Full articleSummary: Nike is laying off 740 employees at its world headquarters in Beaverton, Oregon. The layoffs do not affect stores or manufacturing. This is the second round of layoffs following the announcement to cut 1,600 employees earlier this year.
Full articleSummary: Tower REITs are essential components of wireless communication infrastructure, experiencing increased demand due to the growth of mobile communications, 5G technology, and wireless networks.
Full articleSummary: Bank of America Corporation has increased its total voting rights in Johnson Matthey PLC to 19.195929%, after acquiring shares and financial instruments, which could have an impact on the company's stock performance and investor interest.
Full articleSummary: Lee Danner & Bass Inc. reduced its stake in shares of Amgen Inc. by 13.2% during the 4th quarter. Various other institutional investors also adjusted their holdings of AMGN. Amgen announced a quarterly dividend of $2.25 per share with a dividend yield of 3.31%. Multiple analysts reviewed Amgen's stock with a mix of buy and hold ratings.
Full articleSummary: Sigma Planning Corp reduced its holdings in Pfizer Inc. by 52.6% during the 4th quarter. Other institutional investors and hedge funds have also made adjustments to their holdings. Pfizer stock traded up 1.2% on Monday.
Full articleSummary: Federal agencies are evaluating pending acquisitions by ExxonMobil and Chevron due to antitrust and climate concerns. Senators and Congressmen are divided on the issue, with some advocating for lower oil prices and emissions, while others argue against accelerating concentration. The letters to the FTC and SEC highlight the debate around profits, acquisitions, and greenhouse gas emissions in the oil industry.
Full articleSummary: Federal agencies are evaluating pending oil company consolidations by ExxonMobil and Chevron due to antitrust and climate concerns, with Senators and Congressmen having conflicting stances on the acquisitions. The debate includes arguments related to profits, competition, climate impact, and greenwashing.
Full articleSummary: Wall Street analysts expect Comcast (CMCSA) to post quarterly earnings of $0.98 per share, a 6.5% YoY increase, with revenues expected to be $29.81 billion, a 0.4% increase from the year-ago quarter. Analysts predict specific key metrics for Comcast regarding broadband, video customers, and wireless lines, with a negative return of -5.9% in the past month for CMCSA shares, and a Zacks Rank #4 (Sell).
Full articleSummary: Wall Street analysts' recommendations for ConocoPhillips (COP) fall between Strong Buy and Buy, but investors should be cautious as brokerage firms may have a strong positive bias towards stocks they cover. The Zacks Rank, based on earnings estimate revisions, categorizes COP as a Buy, indicating growing optimism among analysts and potential for the stock to soar.
Full articleSummary: Wall Street analysts predict that Capital One (COF) will report quarterly earnings of $3.34 per share, a year-over-year increase of 44.6%. Revenue is expected to be $9.34 billion, up 4.9% from the year-ago quarter. Analysts have adjusted the consensus EPS estimate upward by 1.4% over the past 30 days.
Full articleSummary: Union Pacific (UNP) is forecasted to report quarterly earnings of $2.53 per share, a 5.2% decline year-over-year, with anticipated revenues of $6.06 billion, a 0.1% increase compared to the year-ago quarter. Analysts expect specific key metrics such as Freight Revenues, Operating Revenues, and Average Revenue per Car to experience varying changes compared to the previous year.
Full articleSummary: CWM LLC decreased its position in General Dynamics Co. by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. General Dynamics also witnessed insider selling by its CEO and EVP. Additionally, analyst ratings have generally been positive, with several firms increasing their price targets and issuing buy ratings. The company's stock traded up on Monday.
Full articleSummary: GE Aerospace, the newly formed pure-play aerospace company, reported its first quarterly results after the split from GE's power and renewables businesses. GE stock has surged nearly 40% leading up to and following the spinout.
Full articleSummary: GE Aerospace, the pure-play aerospace company following the split from General Electric's power and renewables businesses, reported its first quarterly results, with stock spiking nearly 40% prior to the spinout and continuing to trend higher. Third-party analysts expect adjusted earnings of 65 cents per share on $15.25 billion in revenue. TD Cowen upgraded GE stock to buy from hold, citing bullish prospects in the commercial aftermarket, particularly due to Boeing production issues.
Full articleSummary: NYSE is conducting a survey on 24/7 stock trading, as US regulators scrutinize an application for a continuous stock exchange. The potential expansion of trading hours is being debated for its benefits in liquidity, flexibility, and global market alignment. The outcome will shape the future of stock trading in the US.
Full articleSummary: Jason Wu Beauty is expanding its product assortment to more than 3,000 CVS Pharmacy stores across the nation, featuring a range of affordable and nourishing makeup products for eyes, cheeks, lips, and brows.
Full articleSummary: The Home Depot is embracing a circular economy by reimagining waste materials like plastic pots, plastic wrap, and EPS foam into useful products. They are recycling not only metal, hard plastics, and shrink wrap, but also EPS packaging and CFCs from reclaimed appliances.
Full articleSummary: Starbucks introduced a new line of 'more sustainable' cold beverage cups that use up to 20 percent less plastic, part of the company's commitment to reduce carbon, water, and waste footprints by 2030.
Full articleSummary: Wells Fargo is considering using synthetic risk transfer to buy insurance on some loans in its portfolio, potentially easing its regulatory capital requirements.
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