Summary: Nvidia introduces an updated chatbot app called ChatRTX, which allows users with RTX GPUs to train their own large language model on local content from their PC, supporting various file formats and speech-to-text feature. It features updated language models and supports different languages, but has difficulty with follow-up questions.
Full articleSummary: Microsoft has confirmed that the suite of April security updates for Windows has broken the functionality of VPN services on the operating system. There is no official fix issued yet, but users can roll back updates as a temporary workaround.
Full articleSummary: Joe Terranova sells Eli Lilly as part of his JOET rebalance in the healthcare sector.
Full articleSummary: The Federal Reserve announces that it is holding interest rates and is not in a rush to cut rates due to persistent inflation and strong economy. Markets project delayed rate cuts with potential for a cut by the end of the year. The Fed is also easing its balance sheet at a slower pace.
Full articleSummary: Colgate-Palmolive (CL) stock is among the top stocks to buy and watch due to its growth potential. The company announced strong first quarter earnings with growing EPS and revenue. Its stock has seen steady growth for 30 years with an increase of 24% in the last six months.
Full articleSummary: Meta Platforms (NASDAQ:META) stock tumbled due to lower-than-expected revenue forecasts but showed positive signs with Q1 sales up by 27% YoY. The stock had a significant pullback after a phenomenal run, but its long-term potential remains strong. Despite challenges, EPS beat estimates and Meta is considered undervalued. Forward P/E ratio is relatively low, signaling potential for growth in the coming years.
Full articleSummary: Soft iPhone sales in China leading to decline in the number of units sold in the second quarter, impacting Apple's stock price, Analysts are anticipating a decline in China's iPhone sales by 15%, prompting CFRA to expect Apple to announce a new $90B buyback and 3% dividend hike to improve investor sentiment, Investors are eager to hear updates on Apple's AI strategy in the upcoming earnings release and call.
Full articleSummary: Rumors suggest Apple Watch Ultra 3 to have minimal hardware upgrades compared to its predecessor, possibly with an S10 chip. The potential launch could be somewhat underwhelming, especially if Samsung unveils a competing Galaxy Watch Ultra soon.
Full articleSummary: The union representing over 9,000 workers at key Canadian railroads voted in favor of strike due to safety provision disputes with company executives.
Full articleSummary: Elon Musk's decision to lay off the department responsible for Tesla's electric vehicle chargers has raised concerns in the auto industry about the ability of EVs from other automakers to join Tesla's network. The move could potentially impact the reliability and accessibility of Tesla's Supercharger network for vehicles from other companies.
Full articleSummary: Intel Corporation's stock price movement on NASDAQGS has been analyzed and it is suggested that the current trading price of US$30.47 is relatively sensible. The future outlook for Intel indicates potential growth, with profit expected to more than double over the next couple of years.
Full articleSummary: IBM has won a legal battle overturning $1.6 billion in damages awarded to BMC Software Inc. for allegedly breaching agreements with BMC, relating to the implementation of software while servicing AT&T Inc. The U.S. 5th Circuit Court of Appeals ruled in favor of IBM, nullifying the judgment, one of the largest-ever in a commercial dispute.
Full articleSummary: Disney has appointed two senior executives to oversee corporate strategy as it considers the future of its linear business and contends with streaming losses. The new executives will lead long-term strategic planning, market analysis, mergers and acquisitions, and identifying growth opportunities.
Full articleSummary: Intel has made progress in developing and testing spin qubit devices towards building fault-tolerant quantum computers, showcasing state-of-the-art uniformity, fidelity, and measurement statistics, as published in a blog and paper. IBM reported the performance metrics of Heron QPU and hinted at future collaborations to scale the quantum system size. PsiQuantum secured a significant investment to construct a quantum computer in Australia and issued a paper detailing its platform progress and directions in photonic quantum computing.
Full articleSummary: Travis Steed from Bank of America Securities maintained a Sell rating on Silk Road Medical with an average price target of $22.83, and a negative corporate insider sentiment on the stock.
Full articleSummary: The company reported growth in various key metrics such as volume, margins, earnings per share, value share, organic revenue, unit case, and price/mix. Additionally, it provided a strong free cash flow, lower net debt leverage, and optimistic guidance for organic revenue and EPS growth in 2024.
Full articleSummary: Amazon introduced Amazon Q, an in-between gatekeeper technology that reduces hallucinatory answers from large-language models and helps in making faster business decisions. The tool automates coding, provides analytical insights, and automates business processes. Companies using Amazon Web Services cloud and microservices will benefit immediately from Q.
Full articleSummary: Walmart is preparing to launch a new 'Pro' Google TV device priced at $50, offering upgrades in design, specs, and features compared to its current streaming stick. The device can also be used as a Google Assistant speaker with Find My Remote feature.
Full articleSummary: Costco (COST) and Jumia Technologies (JMIA) are outperforming their respective sectors in the Retail-Wholesale space. Costco's year-to-date returns are higher compared to the sector, with a Zacks Rank of #2 (Buy) and an improved earnings outlook. Jumia Technologies has returned 24.4% since the beginning of the year, with a Zacks Rank #2 (Buy) and a significant increase in consensus EPS estimate for the current year.
Full articleSummary: Lockheed Martin Australia has signed a AUD 500 million contract with the Australian Department of Defence to build the country's future Joint Air Battle Management System under Project Air 6500 Phase 1, providing advanced integrated air and missile defence capability.
Full articleSummary: CVS Health Corporation discussed its Q1 2024 earnings, which were impacted by utilization pressures in Medicare Advantage, resulting in adjusted EPS falling short of expectations. They are taking actions to address the challenges faced in the Medicare Advantage business and are lowering their full-year 2024 guidance. They anticipate a $400 million reduction in healthcare services segment guidance, primarily due to healthcare delivery business pressures. In terms of Care Management, they are using advanced AI tools to identify high-risk members and deliver support, with a focus on engaging members for improved health outcomes.
Full articleSummary: CVS Health reported lower-than-expected Q1 2024 financials, slashed its full-year outlook below consensus due to medical cost trends. Despite revenue rising by ~4% YoY to $88.4B, the Health Services segment, including PBM unit Caremark, underperformed.
Full articleSummary: Wells Fargo shareholders rejected a proposal to appoint a third-party monitor to examine employee unionization rights. CEO Charlie Scharf pushed back at unionization efforts but highlighted the importance of employee feedback. Shareholders approved the executive compensation plan including a raise for Scharf.
Full articleSummary: Nike secures deal with Germany's 21 state football associations, replacing Adidas as supplier.
Full articleSummary: Stock market slump caused 401(k) balances to fall as S&P 500 index dropped around 4% from beginning of April to end with Tesla being a major driver, Bank of America strategist predicts a summer rally, Americans are actively managing their 401(k) investments to capitalize on market growth.
Full articleSummary: Intel is rumored to be launching the Core Ultra 200 'Arrow Lake-S' Desktop CPU lineup later this year with up to 24 cores and new architectures. The CPUs will feature a different naming convention, potential core configurations, and cutting-edge technologies like DDR5 compatibility and PCIe Gen 5.0 lanes. The formal announcement is expected at Computex 2024 in early June.
Full articleSummary: Spirit AeroSystems is confident about meeting Boeing's rate and quality expectations for parts for the 737 MAX jet. Boeing is under pressure to increase production to 38 per month, and is in talks for a tie-up with Spirit Aero. Spirit Aero is scheduled to report earnings on May 7.
Full article