Summary: Reliance Industries has rapidly shifted from oil and chemicals to consumer business and has seen significant success in its FMCG arm, RCPL, with a strong performance from the revived Campa Cola brand. RCPL plans to expand bottling plants for Campa Cola and take the brand global. Reliance has shown interest in acquiring heritage brands and strengthening its FMCG portfolio through acquisitions and joint ventures.
Full articleSummary: Apple has a massive market capitalization of $2.6 trillion, despite carrying $108 billion in long-term debt, which is within a safe range. The company's debt ratio is 31% and it has ample assets to back it.
Full articleSummary: Cisco and Morgan Solar have announced a pilot project to power collaboration and meeting spaces with solar energy using Energy Blinds and Power-over-Ethernet switch, offering innovative solutions for net zero goals and sustainability in commercial office spaces.
Full articleSummary: Intel is set to embed AI platform technology throughout the Paris 2024 Olympic and Paralympic Games experience, showcasing AI applications for athletes, coaches, and spectators, enabling an 8K live OTT broadcast workflow, and preserving the legacy of the Olympic Games.
Full articleSummary: Pfizer receives approval for its new antibiotic Emblaveo in the EU, targeting complex infections and Gram-negative bacterial infections.
Full articleSummary: J.W. Cole Advisors Inc. raised its position in shares of Philip Morris International Inc. by 2.4% in the 4th quarter. Other institutional investors have also recently bought and sold shares of the company. Insider selling activity includes VP Reginaldo Dobrowolski and insider Massimo Andolina. Wall Street analysts have mixed opinions about the stock with a consensus rating of 'Hold' and an average price target of $105.40.
Full articleSummary: Planning Directions Inc. increased its stake in Exxon Mobil Co. by 6.6% in the 4th quarter, acquiring additional shares worth $566,000. Insider activity included VP selling 2,400 shares. Exxon Mobil's stock traded up 1.1%. Analysts have provided mixed ratings, with varying target prices.
Full articleSummary: Intuit Inc. released a new report, 'The Science of Loyalty,' focused on building loyalty with customers through neurobiological principles and actionable tactics.
Full articleSummary: abrdn plc increased its position in shares of Exxon Mobil by 58.1% during the fourth quarter, with their holdings in Exxon Mobil worth $197,019,000. Several other institutional investors and hedge funds have also modified their positions in XOM. Analysts predict Exxon Mobil to post $9.7 earnings per share for the current year. Brokerages have provided varied ratings on XOM with an average price target of $132.28.
Full articleSummary: Grandfield & Dodd LLC increased its position in Exxon Mobil Co. by 3.0% during the 4th quarter, along with several other hedge funds modifying their holdings. Analysts set new price targets for XOM, with various firms providing rating updates. Exxon Mobil is trading up 1.1%.
Full articleSummary: CNB Bank reduced its holdings in Exxon Mobil Co. by 1.3% during the fourth quarter, selling 294 shares and having a portfolio value of $2,176,000. Various other investors made notable moves in Exxon Mobil stock. Wall Street analysts have given mixed ratings to XOM stock, including an 'overweight' rating with a price target of $147.00 and a 'neutral' rating with a $125.00 price target. Exxon Mobil recently reported quarterly earnings, exceeding EPS consensus estimates and reporting decreased revenue compared to the previous year.
Full articleSummary: abrdn plc increased its stake in FedEx Co. by 29.1% during the 4th quarter, with 84.47% of the stock currently owned by institutional investors and hedge funds. FedEx also announced a stock buyback plan of $5 billion and a quarterly dividend of $1.26 per share.
Full articleSummary: Nike is laying off 740 employees at its world headquarters in Beaverton, Oregon, following a previous round of layoffs in February affecting approximately 2% of workers. The layoffs do not impact stores or manufacturing operations.
Full articleSummary: Union Home Minister Amit Shah holds stakes in 180 listed entities with his top five holdings including Hindustan Unilever, MRF, Colgate-Palmolive, Procter & Gamble Hygiene And Health Care, and ABB India. His total listed portfolio is valued at ₹17.4 crore. His wife Sonal Amitbhai Shah's investments are spread across various companies and amount to ₹20 crore. Amit Shah submitted his nomination papers for the Gandhinagar Lok Sabha seat.
Full articleSummary: Lucid Group's stock received a "neutral" rating reissued by Citigroup analysts with a $2.90 price target, representing a 21.85% potential upside from the previous close. Multiple analysts have downgraded the stock to either "underweight" or reduced their price targets.
Full articleSummary: Citigroup initiated coverage on agilon health with a neutral rating and a $6.00 target price. Other analysts have also issued various ratings on the stock, resulting in an average rating of Hold with an average target price of $9.46.
Full articleSummary: Hussman Strategic Advisors Inc. bought a new position in shares of Bristol-Myers Squibb in the 4th quarter, adding to the growing institutional investment in the biopharmaceutical company. Analysts have mixed ratings on BMY with most giving a hold or neutral rating, and a consensus price target around $61.18. The company recently announced a quarterly dividend of $0.60 per share, yielding 4.88%.
Full articleSummary: Broadcom (AVGO) stock price has entered a deep correction zone, losing over 15% from its highest point this year, triggered by a crash in the AI and semiconductor sector, Federal Reserve actions affecting tech companies, and internal challenges due to pricing strategy changes.
Full articleSummary: Triple-A, a Singapore-based licensed payment firm, is set to integrate PayPal's stablecoin, PYUSD, into its token offerings by June. With this addition, customers can choose from various payment options including Bitcoin, Ethereum, USDT, and USDC. Triple-A aims to double its payment volumes by 2024.
Full articleSummary: Intuit Inc. released a report titled "The Science of Loyalty" which delves into consumer behavior and loyalty strategies. The report outlines the Loyalty Wheel framework and 12 tactics of loyalty to help brands build meaningful relationships with customers.
Full articleSummary: Kornitzer Capital Management Inc. raised its stake in Caterpillar Inc. by 9.6% during the 4th quarter, while several other institutional investors and hedge funds also modified their holdings of CAT. Analysts have issued varying ratings for the stock, with TD Cowen giving an 'outperform' rating and setting a target price of $338.00. Caterpillar's stock price decreased by 0.9%. Caterpillar Inc. announced a quarterly dividend of $1.30 to be paid on May 20th.
Full articleSummary: The Q4 earnings season for department store stocks showed mixed results, with Kohl's beating analysts' expectations, Dillard's missing revenue estimates, Nordstrom meeting expectations, and Macy's surpassing revenue estimates. Kohl's reported a very strong quarter with revenues down 1% year on year but still topping analyst expectations by 3.2%.
Full articleSummary: Finning International, a Caterpillar industrial equipment dealer, has shown strong financial performance with a revenue of $9.5 billion and a profit of $523 million in 2023. The company's CEO, Kevin Parkes, attributes the growth to the company's history and strategic expansions into different regions since its inception in 1933.
Full articleSummary: Intuit Mailchimp released a new report titled 'The Science of Loyalty' that presents 12 actionable tactics to build loyalty with customers. The report focuses on neurobiological principles of loyalty and introduces a Loyalty Wheel framework.
Full articleSummary: Starbucks is introducing a new line of cold cups that use 10%-20% less plastic, aiming to cut carbon, water, and waste footprints by 2030. These cups maintain sturdiness and cold drink integrity
Full articleSummary: Booking.com releases research on sustainable travel revealing consumer attitudes and influences, including lack of primary consideration for sustainability among Canadian travelers and belief in potential collaboration to address environmental factors.
Full articleSummary: Tesla Semi Class 8 rig production is slower than expected with only around 140 units produced since late 2022, with potential delays in higher-volume production to late 2024 due to battery supply constraints.
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