Summary: Caterpillar Inc. beats earnings expectations in Q1 2024 with reported EPS of $5.6 versus expectations of $5.12. They achieved a record adjusted profit per share of $5.60, up 14% from last year. They deployed a record $5.1 billion of cash for share repurchases and dividends in the quarter.
Full articleSummary: Medtronic is laying off 44 employees from its Carlsbad, Calif., facility as part of the company's closure of manufacturing sites and distribution centers.
Full articleSummary: Coca-Cola reported better-than-expected first-quarter earnings driven by increased pricing and is lifting its full-year revenue outlook. Despite some decline in certain drink categories, the company's revenue beat Wall Street's expectations.
Full articleSummary: Salesforce (NYSE:CRM) shares traded down 0.9% following insider selling activity. Various analysts have given the stock ratings varying from 'buy' to 'neutral'. Hedge funds have been actively trading CRM shares.
Full articleSummary: Google has laid off staff from key teams including Flutter, Dart, and Python without specifying the number of employees affected. Despite the layoffs, projects like Flutter and Dart are still on track, but the changes have impacted many teams and resulted in the loss of personnel on significant projects.
Full articleSummary: Eli Lilly plans to increase production of GLP-1 medicines Zepbound and Mounjaro, leading to a $2 billion increase in revenue guidance for the year; Lilly will expand its production capacity across the supply chain.
Full articleSummary: Microsoft is developing a modern contact center platform leveraging various tools like Microsoft Teams, Office 365, Dynamics 365, and Nuance AI to enhance customer experience and agent efficiency. The platform offers omnichannel engagement, improved agent efficiency, self-service options, data-driven insights, scalability, and security. Partnering with companies like Bright Pattern can help in integrating existing resources and tools. Ongoing maintenance and optimization with technical resources are potential challenges.
Full articleSummary: Analysts at Truist Financial and Wells Fargo maintained Buy ratings on Amgen (AMGN). Amgen reported quarterly revenue of $8.2 billion and a net profit of $767 million, compared to $6.84 billion and $1.62 billion the previous year.
Full articleSummary: Microsoft Corporation beats earnings expectations in Q3 2024 with reported EPS of $2.94, surpassing expectations of $2.82. The company's revenue reached $61.9 billion, up 17%, driven by strong growth across its commercial and consumer businesses, particularly in Microsoft Cloud and gaming segments.
Full articleSummary: Nvidia continues its dominance in the GPU market with the RTX series, offering high performance, latest technologies, and reliability. Review of the best Nvidia graphics cards for gaming shows increasing capabilities and improvements in ray tracing and DLSS, with varying price points.
Full articleSummary: Dow and Procter & Gamble have announced a joint development agreement to develop a new proprietary recycling technology aimed at recovering polyethylene from hard-to-recycle waste for reuse in consumer packaging.
Full articleSummary: The Kraft Heinz Company is set to present its latest earnings on May 1, with analysts expecting earnings per share of $0.687, which is slightly higher than the earnings from the same quarter last year. Sales are expected to decrease by 0.92% compared to the previous year's quarter. For the current fiscal year, analysts anticipate a higher profit per share compared to the previous year.
Full articleSummary: Universal plans a major new park expansion to compete with Disney.
Full articleSummary: 2 analysts shared bullish sentiments on Chevron (CVX) and MPLX (MPLX) in the Energy sector.
Full articleSummary: Nvidia is among the Magnificent Seven stocks to watch today, Tesla and Amazon are experiencing a slide and drop respectively ahead of earnings
Full articleSummary: GE Vernova (GEV) saw an improvement in its Relative Strength (RS) Rating, a key technical performance indicator, from 75 to 85. Stocks with an RS Rating over 80 tend to generate significant gains historically. The company's earnings growth in the most recent report was 0%, while revenue gains stood at 6%. GE Vernova is ranked No. 3 in the Energy-Alternative/Other industry group.
Full articleSummary: Nike faced criticism for its MLB uniforms, particularly the new Vapor Premier jersey, due to various quality issues and design flaws, leading to imminent changes to address player and fan concerns.
Full articleSummary: The energy industry's prospects appear promising with strong demand, geopolitical tensions, and recovery of the Chinese economy expected to support growth. NextEra Energy, Inc. (NEE) and Energy Transfer LP (ET) are compared, with ET holding greater growth potential. ET's strong financials, historical growth metrics, and favorable analyst estimates make it a better investment choice.
Full articleSummary: Eli Lilly stock is rallying more than 5% after reporting strong Q1 earnings and raising full-year outlook, despite missing analysts' revenue expectations. Market insiders hold varying opinions on stock valuation.
Full articleSummary: Coca-Cola beats first quarter expectations, McDonald's misses due to higher prices but still sees increase in same-store sales. Yahoo Finance Reporter discusses performance of both companies with CEO James Quincey and Walmart's new brand.
Full articleSummary: Coca-Cola beats Q1 expectations, McDonald's misses due to price increases but still sees sales growth. Yahoo Finance reporter discusses performance of both companies and Walmart's new brand.
Full articleSummary: Financial giants have made a conspicuous bearish move on Bristol-Myers Squibb. Analysis of options history revealed 33% of traders were bullish, while 66% showed bearish tendencies. Big players have been eyeing a price window of $35.0 to $52.5 for Bristol-Myers Squibb.
Full articleSummary: GlaxoSmithKline has filed a lawsuit against Pfizer, BioNTech, and others in Delaware alleging infringement of five U.S. patents related to mRNA vaccine technology.
Full articleSummary: Alphabet CEO Sundar Pichai is set to become a billionaire thanks to company's surge in AI tech despite backlash to anti-white algorithm in Gemini AI rollout. Pichai's personal wealth soared with Google stock increasing over 400% since 2015. His net worth is currently almost $1 billion.
Full articleSummary: Caterpillar reported flat total sales and revenue in Q1 of 2024 compared to Q1 of 2023, with weaker sales of construction equipment seen globally except in North America. The company attributes this to a slight decrease in sales volume offset by favorable price realization and dealer inventory changes.
Full articleSummary: Gilead Sciences, Inc. (NASDAQ:GILD) beats earnings expectations in Q1 2024 with reported EPS of $-1.32 compared to expected $-1.49. Strong performance in commercial sales driven by HIV, oncology, and liver disease products. Exciting plans to expand into new indications and disease areas with next-generation products.
Full articleSummary: Deep-pocketed investors have displayed a bullish approach towards CVS Health, as seen from extraordinary options activities and significant call and put trades. The general mood among heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Analysts have an average target price of $83.33 for CVS Health.
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