Summary: 1. Equities researchers at William Blair lowered their FY2025 earnings per share (EPS) estimates for Amgen. 2. Amgen's current full-year earnings consensus estimate has been reduced. 3. Amgen announced a quarterly dividend of $2.25 per share with an ex-dividend date of Thursday, May 16th.
Full articleSummary: Pfizer announces availability of its Covid vaccine for children aged 5-11 starting from December 13th; The Canary Islands report 484 new Covid cases with increased incidence rates; EU data shows 76% of adult population fully vaccinated but low rates in some countries
Full articleSummary: Citigroup reiterated a 'neutral' rating on Arch Resources stock with a price target of $170.00, down from $185.00, suggesting a potential upside of 4.26%. Other research analysts have also provided mixed ratings on the company. Insider activity includes recent stock sales by company VPs, and institutional trading activity shows both additions to and reductions in stakes by various funds.
Full articleSummary: Exxon Mobil had its price objective raised by Piper Sandler and UBS Group, with analysts presenting a positive outlook on the oil and gas company's stock. The company's consensus rating is 'Moderate Buy' with an average target price of $132.28.
Full articleSummary: Nike announced the layoff of 740 workers at its Oregon headquarters as part of their company restructuring plan.
Full articleSummary: CVS Health stock closed higher amidst a mixed market day, with upcoming earnings report on May 1, 2024. Analysts expect a decline in EPS but an increase in revenue compared to the prior year. Recent estimate revisions indicate a Zacks Rank of #4 (Sell) for CVS, with a higher Forward P/E ratio than the industry average.
Full articleSummary: American Express (NYSE:AXP) released its Q1 earnings report showing impressive results, with revenue up 11% and net income up 34% year-over-year. The company is successfully attracting younger customers like Millennials and Gen Z, which bodes well for future growth. AXP stock surged over 5% on the news.
Full articleSummary: Carter’s received a target price reduction from Citigroup to $64.00 with a 'sell' rating, citing a potential downside of 10.80% from the current price. Several brokerages have downgraded the stock, and the average price target is $75.25. Despite recent insider activity and hedge fund positions, Carter's stock price experienced a 0.5% increase.
Full articleSummary: Exxon Mobil's share price rose 1.5% after Piper Sandler increased their price target on the stock from $130.00 to $145.00 and gave it an overweight rating. Several other analysts have also given positive ratings to Exxon Mobil, resulting in an average 'Moderate Buy' rating and a consensus price target of $132.28. Additionally, institutional investors have been increasing their stakes in XOM.
Full articleSummary: PayPal Holdings, Inc. has a price-to-earnings ratio of 15.4x, which is considered moderate compared to the market average, but investors might be overlooking potential setbacks. Analysts expect the company to deliver moderate growth in the future, but its forecasted growth is lower than the wider market, indicating a risk of declining share prices.
Full articleSummary: Seaport Res Ptn raised their Q2 2024 earnings per share estimates for Bank of New York Mellon. Several analysts have issued buy ratings and price target upgrades for Bank of New York Mellon. The company announced a dividend with a payout ratio of 40.98%.
Full articleSummary: Nike has announced the layoff of 740 workers at its headquarters in Oregon as part of a company restructuring plan.
Full articleSummary: Nike has announced the layoff of 740 workers at its headquarters in Oregon as part of a company restructuring plan.
Full articleSummary: Nike announced the layoff of 740 workers at its headquarters in Oregon as part of a company restructuring plan.
Full articleSummary: Triple-A, a Singapore-based payments firm, will soon support PayPal's stablecoin for customer transactions, expanding its current list of accepted tokens.
Full articleSummary: Comcast introduces a suite of prepaid products including wireless, fixed broadband, Wi-Fi, and streaming TV under the new Comcast 'NOW' brand, targeting lower-income individuals and offering flexibility in payment.
Full articleSummary: Nike will be laying off 740 employees at its Oregon headquarters due to revenue decline and cost-saving initiative. Despite dropping nearly 13% in the year, the company's shares experienced a slight increase in after-hours trading.
Full articleSummary: Bank of America voit un potentiel de hausse du côté des revenus pour le trimestre grâce à la force soutenue de la recherche sur Google et du trafic sur YouTube. Pour Boralex, la réduction des estimations par Banque Nationale Marchés des capitaux pour les résultats du premier trimestre de 2024 est causée par des vents plus doux que prévu, mais le BAIIA prévu reste en ligne avec le consensus du marché. Pour Alphabet, la restructuration et les coûts continuent de faire de l'ombre.
Full articleSummary: UPS is expected to report Q1 2024 results slightly above street expectations, facing tough comparisons and increased labor costs. Stock performance has been declining with little room for growth. Consistently underperforming S&P 500 in recent years. Company expects revenue in the range of $92B to $94.5B for 2024.
Full articleSummary: Geneva Partners LLC decreased its position in shares of Caterpillar Inc. by 40.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. Other hedge funds and institutional investors have also modified their holdings in the company. Despite insider selling activities, Caterpillar announced a quarterly dividend and reported higher-than-expected earnings for the quarter ended February 5th.
Full articleSummary: Gilead Sciences was downgraded from a 'strong-buy' rating to a 'buy' rating by equities researchers at StockNews.com. Several other analysts also dropped their price objectives and ratings for the company. Insider Merdad Parsey sold 2,000 shares of Gilead Sciences.
Full articleSummary: TSMC provided a summary of its operations in the first quarter of 2024 during the earnings conference call. They reported a decrease in revenue due to smartphone seasonality but with continued demand in HPC-related products. Gross margin increased slightly, and operating margin improved sequentially. Revenue by technology showed contributions from 3-nanometer, 5-nanometer, and 7-nanometer processes, with advanced technologies representing a significant portion of wafer revenue. Revenue by platform indicated growth in HPC and IoT, a decrease in smartphones, and stability in automotive.
Full articleSummary: Greenleaf Trust reduced its holdings in Salesforce by 4.0% in the 4th quarter, selling 4,280 shares. Other hedge funds and institutional investors have also adjusted their stakes in the company. Salesforce stock traded down 0.5% on Friday.
Full articleSummary: Exxon Mobil's stock price rose 1.5% after Piper Sandler raised its price target to $145.00 with an overweight rating. Various other analysts also raised their price targets and ratings on the stock. Exxon Mobil's quarterly earnings beat estimates, and the company announced a quarterly dividend of $0.95.
Full articleSummary: Citigroup initiated coverage on shares of DLocal with a "neutral" rating and a $17.00 price target, suggesting a 16.84% potential upside from the company's previous close. Several other analysts have also weighed in on the stock with mixed ratings.
Full articleSummary: Geneva Partners LLC and other institutional investors have made new positions and changes in shares of Booking Holdings Inc., institutional investors holding 92.42% of the stock, Booking stock price down 0.4%, Booking announces dividend and analyst ratings changes.
Full articleSummary: Mackenzie Financial Corp increased its stake in PayPal Holdings, Inc. by 136.1% during the 4th quarter, with other institutional investors also adjusting their holdings. PayPal stock trading down 1.8%. Wall Street analysts forecast growth for PayPal based on recent earnings, with multiple analysts providing ratings and price targets.
Full article