Summary: MetLife, Inc. announced a new $3 billion authorization for share repurchases, in addition to the remaining $600 million from the prior authorization. This demonstrates the company's commitment to returning capital to shareholders while investing in responsible growth for the future.
Full articleSummary: Clover Health Investments, Corp. announced its participation in upcoming investor conferences and provided details on its business focus and software platform Clover Assistant.
Full articleSummary: MetLife, Inc. announced a new $3 billion share repurchase authorization, demonstrating commitment to returning capital to shareholders.
Full articleSummary: Fortive Corporation will be presenting at the Bank of America Transportation, Airlines, and Industrials Conference on May 15th, 2024.
Full articleSummary: MetLife, Inc. announced its first quarter 2024 results with net income of $800 million and adjusted earnings of $1.3 billion. The company reported an ROE of 12.6% and continued growth across different business segments.
Full articleSummary: The iShares Semiconductor ETF (SOXX) has performed exceptionally well over the past year and is expected to continue performing strongly due to the significant opportunities in the semiconductor industry driven by AI development. The ETF recently completed a stock split, making it more accessible to investors. With the promising future of the chip sector, the SOXX ETF could potentially turn a $200,000 investment into $1 million in a decade.
Full articleSummary: LTC Properties, Inc. announced senior management will participate in two real estate conferences in May 2024. The Company's presentation package will be available online.
Full articleSummary: CVS Health acquires New York-based Medicare Advantage broker Hella Health to enhance its digital capabilities for seniors' Medicare shopping and enrollment experience.
Full articleSummary: Citigroup raised U.S. Silica's target price from $13.50 to $15.50, indicating a potential 0.06% upside from the previous close. The firm maintains a 'neutral' rating on the stock.
Full articleSummary: Cisco Brewers is holding a Wonka-esque sweepstakes involving golden cans, with one winner receiving a $3,900 trip to Nantucket. The sweepstakes ends on August 31 at 11:59 p.m.
Full articleSummary: Jim Cramer gave his insights on various companies: Advanced Micro Devices increased its 2024 sales projection but shares fell over 7%. Johnson & Johnson announced a $6.5 billion plan to settle lawsuits, which Cramer believes could be resolved. CVS Health shares dropped 18% after missing earnings estimates and lowering outlook.
Full articleSummary: PepsiCo, Inc. shares were down 0.4% during mid-day trading on Wednesday. Several equities analysts have given ratings and price targets for PEP stock. The company reported positive quarterly earnings results and announced an increase in dividend. Hedge funds have been active in buying and selling shares of PepsiCo.
Full articleSummary: Eli Lilly and Company reported strong Q1 results with significant growth in revenue, operating income, gross margin, and EPS. The company also distributed over $1 billion in dividends during the quarter. Revenue outlook for 2024 has been revised upwards, and the EPS guidance is positive. Key products like Mounjaro saw global sales of $1.8 billion, but Trulicity revenue declined by 26% worldwide.
Full articleSummary: PayPal reported better-than-expected sales for the first quarter, with revenue growth of 9% year-over-year to $7.7 billion and total payment volumes increasing by 14%. The company expects second-quarter revenues to increase by 6.5%—7% and adjusted EPS to grow in the low double-digit percentage.
Full articleSummary: McDonald’s plans to step up deals and value messaging to combat slowing sales with the impact of inflation-weary customers influencing sales. The same-store sales rose 1.9% worldwide but below Wall Street's forecast. U.S. same-store sales increased due to price hikes, while international franchised markets saw a decline due to boycotts in Middle East and Muslim-majority markets.
Full articleSummary: Clover Health Investments, Corp. is set to participate in two upcoming investor conferences where its CEO and CFO will present. The company is focused on providing healthcare solutions for seniors on Medicare.
Full articleSummary: Eli Lilly And Co (NYSE:LLY) received positive assessments from analysts at Cantor Fitzgerald after reporting strong first-quarter revenue growth of 26% year-over-year, beating earnings estimates with an adjusted EPS of $2.58.
Full articleSummary: Analysts issued new ratings on Coca-Cola and Clorox. Bank of America Securities maintained a Buy rating on Coca-Cola with a price target of $68.00, while Bank of America Securities kept a Hold rating on Clorox with a price target of $150.00.
Full articleSummary: Lockheed Martin Corp.-Boeing Co. joint venture, United Launch Alliance, needs to increase their launch pace to meet the growing demand for national security satellites and compete with SpaceX. Failure to complete the second certification flight for their new Vulcan rocket may delay critical national security payloads.
Full articleSummary: Lockheed Martin Corp.-Boeing Co. joint venture competing with SpaceX needs to increase pace as Air Force certifies newest rocket for national security satellites.
Full articleSummary: A financial analyst published a note on Exxon Mobil Corporation (XOM) reiterating an Overweight rating, praising the company's strong performance and strategic acquisitions. Despite Q1 earnings decline, Exxon's ROCE remains stable and balance sheet continues to improve. The analyst forecasts significant EPS growth and a potential total shareholder return of 18% through YE24.
Full articleSummary: Ford has launched Ford University, an online training platform for its dealers to learn about new in-vehicle technology, understand electric vehicles, and improve communication skills using AI. The platform offers a social media-like experience with gamification features to engage dealership employees.
Full articleSummary: Wells Fargo (WFC) closed higher but lagged behind S&P 500's gain. Company expected to report lower EPS and revenue for the next quarter. Zacks Rank of #3 (Hold) and trading at a premium Forward P/E ratio compared to the industry average.
Full articleSummary: Analysts have released a wide array of ratings for Eli Lilly and Co LLY over the past three months, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target for LLY stands at $833.91, representing a 14.42% increase from the previous target of $728.79. Multiple analysts have made updates to their ratings and price targets for LLY recently.
Full articleSummary: Paramount (NASDAQ:PARA) finalized a new carriage deal with Charter Communications (NASDAQ:CHTR), leading to a 7.5% increase in shares. Meanwhile, the merger between Paramount, Skydance Media, or other potential parties is still under consideration, with different parties making offers.
Full articleSummary: Pacers Sports & Entertainment and Eli Lilly have reached an agreement for Lilly to become the newest jersey patch and health equity partner of the Indiana Fever. The financial terms of the deal were not disclosed by either party. This deal complements the jersey sponsorship deal with Salesforce.
Full articleSummary: Intel is on track to release the second-generation Intel Arc graphics, codenamed Battlemage, which shows promising performance against competitors in the handheld market.
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