Summary: Wall Street faced a bearish week with the S&P 500 and Nasdaq Composite experiencing significant drops, while the Dow managed a marginal gain. The market was influenced by inflation fears, monetary policy concerns, and escalating geopolitical risks. Benzinga highlighted bullish sentiments towards Canopy Growth Corp, Dogecoin, DraftKings Inc, Rivian, and Tesla, as well as bearish sentiments towards Tesla Inc, real estate stocks like Prologis Inc and EastGroup Properties Inc, and Broadcom Inc due to an EU antitrust investigation.
Full articleSummary: Raymond James & Associates decreased their stake in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% during the 4th quarter. Other institutional investors have also modified their holdings. BNY Mellon Municipal Bond Infrastructure Fund announced a monthly dividend.
Full articleSummary: Danaher Co. (NYSE:DHR) shares gapped down prior to trading on Thursday, and continued to trade lower. Wall Street analysts forecast growth for the company. Danaher recently declared an increase in its quarterly dividend showing positive financial outlook. Insider activity includes significant share sales by directors. Hedge funds have been actively modifying their holdings in Danaher.
Full articleSummary: Capital One Financial reduced their Q1 2024 earnings per share estimates for Schlumberger, while also issuing estimates for Q2 2024-Q4 2025. Schlumberger last reported quarterly earnings in line with consensus estimates. The company increased its quarterly dividend and there have been insider selling activities. Institutional investors and hedge funds have made changes to their positions in the stock.
Full articleSummary: General Electric experienced unusually large options trading activity. Stock traders purchased a significantly higher number of call options on the company compared to average daily volume.
Full articleSummary: Nvidia is expected to release the next-generation Blackwell GPU architecture and RTX 50-series GPUs around the holiday season, potentially featuring models like RTX 5090 and RTX 5080. The Blackwell B200 GPU will use TSMC 4NP node, and there are indications of GDDR7 memory upgrade. Speculative specifications suggest improvements in ray tracing performance and raw compute power.
Full articleSummary: Criterion Capital Advisors LLC purchased a new position in shares of Texas Instruments Incorporated during the 4th quarter, and several other institutional investors and hedge funds have bought and sold shares of the stock. Insider activities included Director Mark A. Blinn selling shares of Texas Instruments. Texas Instruments stock experienced a decrease of 2.4%.
Full articleSummary: Greenleaf Trust increased its holdings in Emerson Electric Co. by 51.8% in the 4th quarter, several other hedge funds and institutional investors also added to their positions in EMR. Emerson Electric received multiple upbeat target price and buy ratings from research firms. Additionally, the company reported positive earnings results in the last quarter with revenue surpassing estimates.
Full articleSummary: abrdn plc grew its stake in PepsiCo, Inc. by 25.5% during the fourth quarter with a significant increase in share ownership. PepsiCo recently declared a quarterly dividend and analysts have raised their ratings and price targets for the stock.
Full articleSummary: Xponance Inc. increased its stake in Simon Property Group by 11.0% in the fourth quarter, according to the company's recent disclosure with the SEC. Several other institutional investors also modified their holdings of the stock. Wall Street analysts have given varied ratings to Simon Property Group shares with an average price target of $140.22. Simon Property Group recently announced an increase in its quarterly dividend and the initiation of a stock repurchase program.
Full articleSummary: The Supreme Court is set to hear arguments in a labor fight at Starbucks regarding a stricter test for protecting fired or punished union organizers, Starbucks is aggressively campaigning against union organizing efforts, and there is a broader corporate backlash to NLRB's success and rise in union organizing.
Full articleSummary: Pfizer/BioNTech's COVID-19 vaccine shows effectiveness against all three concerning coronavirus variants: U.K. (B.1.1.7), South African (B.1.351), and Brazilian (P.1). CDC releases new guidelines for vaccinated individuals, allowing in-person meetings with certain conditions. CDC emphasizes the importance of broader public health measures due to the majority of the population still being unvaccinated.
Full articleSummary: Hitachi ended its excavator agreement with John Deere, launching nearly 20 new products and expanding its dealer network in less than two years. The new products include various models of excavators and wheel loaders designed for productivity, performance, reliability, durability, and technology.
Full articleSummary: The Bank of New York Mellon Corporation (NYSE:BK) is about to trade ex-dividend in the next four days. The ex-dividend date means any transaction on the stock needs to have been settled before the record date to be eligible for a dividend. The company's next dividend payment will be US$0.42 per share, with a trailing yield of approximately 3.0% on its current stock price. Bank of New York Mellon paid out 41% of its profit last year, suggesting an affordable dividend. The company has increased its dividend by approximately 11% a year on average over the last 10 years.
Full articleSummary: Market downturn driven by rate cut pessimism, major indices saw declines as skepticism about Federal Reserve's rate cut intentions grew, leading to bearish sentiment across markets.
Full articleSummary: Warren Buffett acquired Berkshire Hathaway 59 years ago, and its A-class stock has never split, trading for over $598,000 per share. Buffett added to Bank of America position in Berkshire's equity portfolio, indicating confidence in the bank's long-term success. Bank of America has strong brand recognition, healthy capital ratio, and rising dividend payout, but faces challenges from consumer banking segment dependence and inflation pressure.
Full articleSummary: Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Caterpillar Inc. by 1.1% in the 4th quarter, while other hedge funds made changes to their positions in the company. Analysts have given various ratings to Caterpillar stock. Caterpillar also announced a quarterly dividend with an ex-dividend date in April.
Full articleSummary: BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw strong trading volume and announced a monthly dividend of $0.0485 per share, representing a dividend yield of 5.45%. Various hedge funds and institutional investors have recently bought shares of MUC.
Full articleSummary: Oversea Chinese Banking Corp Ltd reduced its stake in Thermo Fisher Scientific Inc. by 7.8% in the fourth quarter, selling 3,905 shares, with holdings worth $24,531,000. There were other institutional investors and hedge funds adjusting their positions in TMO as well. Insider activity included director and CEO selling shares. Analysts have given varied ratings from c+ to outperform and buy, with the current consensus target price at $604.69. Thermo Fisher Scientific stock was up 0.6% reaching $544.78, prior to reporting earnings data which beat estimates and seeing a net margin of 13.99% and a return on equity of 18.78%. The company also increased its dividend from $0.35 to $0.39.
Full articleSummary: The stock market experienced heavy losses last week, with the S&P 500 and Nasdaq composite falling below their 50-day moving averages. Leading stocks like Nvidia struggled amidst cautious comments from companies like ASML and TSM. Investors are advised to hold cash and wait for stronger market indicators.
Full articleSummary: Xponance Inc. increased its holdings in Exxon Mobil by 8.3% in the fourth quarter, with other hedge funds also adding or reducing their stakes. Exxon Mobil's stock traded up 1.1%, with a number of institutional investors significantly increasing their stakes as well.
Full articleSummary: ConocoPhillips had its target price increased by Piper Sandler analysts to $157.00 with an "overweight" rating, indicating a potential upside of 21.34%. Various other research firms have also given positive ratings and raised price targets for COP stock. The company reported a strong EPS of $2.40 for the quarter, exceeding analysts' expectations.
Full articleSummary: Estée Lauder Companies (NYSE:EL) shows a low Return on Capital Employed (ROCE) of 6.1%, under-performing the industry average of 14%. The company has been reinvesting funds for growth, but sales haven't increased significantly in the past 12 months.
Full articleSummary: High institutional ownership of Oracle implies sensitivity of stock price to their trading actions. Insiders own 42% of Oracle. Top 3 shareholders collectively control more than half of the company's shares, indicating significant power to influence decisions.
Full articleSummary: Comparison of Apple and Coca-Cola as dividend investments in terms of profit margins, cash flow, and dividend yield. Apple is seen as having more growth opportunities and potential for improving profit margins, while Coca-Cola offers a more stable dividend with a higher yield.
Full articleSummary: AMD Radeon RX 7000 & NVIDIA GeForce RTX 40 GPUs are available below their official MSRP in Germany as the discounting spree continues, including significant drops like Radeon RX 7900 XT at €739 and GeForce RTX 4060 Ti at €295.
Full articleSummary: Emerson Electric Co. (NYSE: EMR) saw SVB Wealth LLC trim its position by 5.1% in the 4th quarter. Several other hedge funds also modified their holdings of the company. Analysts expect EMR to post 5.4 EPS for the current year.
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