Summary: The U.S. Bank Freight Payment Index reports a significant contraction in the U.S. truck freight market during the first quarter of 2024, with decreases in spending by shippers and shipments across all regions except the Southwest.
Full articleSummary: Lockheed Martin Corp. secured a $50 million contract to enhance its Terminal High Altitude Air Defense (THAAD) Patriot Advanced Capability-3 (PAC-3) missile segment, projecting completion by Dec 31, 2025. As geopolitical tensions rise, nations boost defense spending, benefiting major missile players like Lockheed, Raytheon, Northrop Grumman, and Boeing. The global rocket and missiles market is expected to reach $82.0 billion by 2031, indicating growth opportunities for these companies.
Full articleSummary: Tesla reportedly backing away from high-volume gigacasting manufacturing plans after missing earnings mark, focusing on cost-cutting and autonomous technology.
Full articleSummary: Google has reportedly reorganized its Core unit, including laying off at least 200 employees and shifting some roles to India and Mexico. The reorganization aimed to invest in priorities, become more efficient, and align resources to biggest product priorities. Teams involved with developer tools were streamlined as more artificial intelligence is added to products.
Full articleSummary: First Trust Direct Indexing L.P. increased its holdings in PepsiCo by 18.6% during the 4th quarter, with various hedge funds also adding or reducing stakes in the company. PepsiCo also announced an increase in its quarterly dividend. Several analysts have recently upgraded or downgraded PEP stock, resulting in a consensus rating of 'Moderate Buy' with an average target price of $187.42.
Full articleSummary: Wells Fargo Autograph Journey Card offers excellent reward rates on travel and dining, plentiful redemption options, and an annual airfare credit.
Full articleSummary: PayPal USD $PYUSD is having airdrops where participants can receive free tokens by following specific instructions. Airdrops aim to stimulate engagement and adoption of new projects within the PayPal USD $PYUSD ecosystem, creating opportunities for recipients.
Full articleSummary: Intuit Inc. shares were down 1.6% during mid-day trading, with analysts continuing to give the stock 'overweight' and 'buy' ratings, and a consensus rating of 'Moderate Buy'. The company announced a quarterly dividend of $0.90 per share, representing a dividend yield of 0.59%. Insider activity includes recent sales of company stock.
Full articleSummary: Boeing closed an offering of $10.0 billion aggregate principal amount of fixed-rate senior unsecured notes. The proceeds will be used for general corporate purposes.
Full articleSummary: Stocks were mixed ahead of the Fed's policy announcement, with main indexes rising after Jerome Powell indicated no further rate hikes. Amazon (AMZN) reported strong earnings, pushing Dow Jones up 2.2%. Pinterest (PINS) also gained post-earnings, influencing Meta Platforms (META) and Snap (SNAP) positively. However, Starbucks (SBUX) plunged 15.9% on a massive earnings miss.
Full articleSummary: Thermo Fisher Scientific (TMO) continues to perform well with its growth strategies and strong financial performance. Walt Disney (DIS) is seeing a revival in theme park businesses but is facing challenges in ad revenues and higher content costs. Southern Copper (SCCO) is poised for strong performance driven by higher copper production and prices, along with strategic growth investments.
Full articleSummary: Microsoft continues to benefit from its investments in AI, showing strong earnings in its fiscal third-quarter results. Its cloud-computing business, Azure, saw significant growth driven by AI consumption. AI is also fueling growth in other areas of Microsoft's business, such as GitHub and Microsoft 365.
Full articleSummary: Clorox had its price target reduced by multiple analysts, including Citigroup, JPMorgan Chase & Co., UBS Group, and Evercore ISI, with a consensus rating of Hold. Despite beating earnings estimates, Clorox saw a decrease in revenue. The company announced a quarterly dividend of $1.20 per share, with a yield of 3.44%.
Full articleSummary: Leerink Partners downgraded CVS Health (NYSE:CVS) to Market Perform from Outperform after the company lowered its full-year outlook following worse-than-expected Q1 2024 results, which led the stock to reach a 52-week low.
Full articleSummary: A frustrated customer called out JPMorgan Chase after being scammed, losing $800 and having funds locked due to fraud. The customer claimed to experience a lack of response from the bank, waiting for over 14 days for a resolution.
Full articleSummary: Meta is exploring algorithm changes for Threads based on Instagram's recent updates to content ranking, aiming to give small creators a better chance to be recommended.
Full articleSummary: Google fired approximately 200 employees and relocated some jobs overseas to cut costs and restructure, the job cuts targeted technical foundation and online safety team members. Google previously laid off 12,000 employees in 2023 and identified durable cost savings as a key goal.
Full articleSummary: Wilbanks Smith & Thomas Asset Management LLC reduced its holdings in Texas Instruments by 9.0% in the 4th quarter. Insider activity includes notable stock sales from directors. Multiple research analysts have provided varied ratings on TXN shares.
Full articleSummary: MetLife, Inc. (MET) approved a new $3 billion authorization for stock repurchase, emphasizing commitment to returning capital to shareholders and responsible growth for the future.
Full articleSummary: Intel plans to build a $28 billion development in New Albany, Ohio, which is expected to bring thousands of jobs to the area upon completion. The project will include chip factories along with biking and running paths, outdoor spaces, and infrastructure improvements.
Full articleSummary: TikTok allegedly circumventing Apple's in-app service fees by prompting some users to purchase coins directly from its website using external payment methods, potentially saving around 25 percent. Apple has a history of taking action against companies bypassing its fees, recently resulting in a legal battle with Epic Games and pushback from Spotify.
Full articleSummary: Intel Corp sparks discussions among Reddit’s ValueInvesting community as investors are intrigued by its potential for a turnaround and long-term growth. Redditors see Intel as undervalued and highlight the company's investments into cutting-edge technologies. Intel's current low valuation may be seen as a buying opportunity by some investors.
Full articleSummary: US futures slid as traders weighed Amazon's earnings beat against Starbucks and McDonald's misses, Federal Reserve set to provide an update on interest rates, Stocks slid ahead of Wednesday's market open as traders weighed an earnings beat by Amazon against signs of consumer weakness in Starbucks and McDonald's results, and waited for the Federal Reserve's updated outlook on interest rates later in the day.
Full articleSummary: Starbucks shares fell over 16% due to a drop in sales, resulting in a $15bn market value decrease. The company reported lower than expected earnings, with revenues declining by 2%, leading to a 36% decrease in the share price over the last year.
Full articleSummary: Interest in AI has surged, reshaping industries. Nvidia's stock surged 234% due to AI chip demand. Alphabet's AI investments paying off with revenue growth and first-ever dividend, showing potential for future growth.
Full articleSummary: Salesforce Co-Founder and CTO of Slack sells over $1.1 million worth of Salesforce common stock, along with exercising options to acquire more shares through an automated trading plan. Insider transactions can provide insights into executives' views on company valuation and future prospects.
Full articleSummary: Google is advocating for changes in US immigration rules to help hire AI talent as its need for such roles will increase significantly in the coming years.
Full article