Summary: Coca-Cola raised its annual organic sales forecast after strong first-quarter results due to increased demand for sodas and juices in U.S. and international markets. The company is overhauling products to attract lower-income customers and expects strong growth in fiscal 2024.
Full articleSummary: Eli Lilly raised its revenue forecast by $2 billion for the year due to strong sales of its GLP-1 medicines for diabetes and obesity. The company is addressing manufacturing challenges by expanding capacities and acquiring new facilities.
Full articleSummary: PayPal's shares are rising on Tuesday after the company's first quarter performance exceeded analysts' revenue expectations and saw a surge in payment volume.
Full articleSummary: Meta, formerly Facebook, is facing a major investigation by the European Commission over concerns related to combating disinformation ahead of European Parliament elections.
Full articleSummary: Coca Cola plans to raise prices on Coke products, beers, and Tara dairy products that are not price-controlled by an average of 4.5% for soft drinks and beers, and 3.2% for milk products, effective in three weeks.
Full articleSummary: Morningstar recommended McDonald's Corp. (NYSE:MCD) and Starbucks Inc. (NASDAQ:SBUX) as two wide-moat stocks trading at a rare discount. Both companies are considered to be in four-star territory. McDonald's is expected to show strong growth in sales and is valued at $312, while Starbucks is forecasted to have double-digit earnings per share growth with a stock value of $105. Both companies are seen as good buys at current prices.
Full articleSummary: Costco's stock remains resilient and is justified for its premium valuation due to membership growth, expanding brick-and-mortar presence, consistent comps growth, and stabilizing margins. Analysts expect revenue growth in fiscal 2024 and 2025, with EPS growth projections of 14% and 8% respectively.
Full articleSummary: Honeywell introduced a new Fischer-Tropsch (FT) Unicracking technology to produce SAF from processed biomass, providing more feedstock options for the aviation industry.
Full articleSummary: American Tower raised its annual property revenue forecast due to increased spending from telecom and wireless carriers. The company is benefiting from the growing demand for 5G services, data center leasing, and expanding digital infrastructure.
Full articleSummary: Coca-Cola (KO) beat analyst expectations in the first quarter with a 3% increase in net sales year-over-year, and raised its full-year outlook for organic revenue predicting 8 to 9% growth in 2024.
Full articleSummary: Apple's implementation of third-party app stores on iPhones through Safari in Europe has exposed users to potential web activity tracking, allowing any website visited to send a unique per-user identifier to approved app stores, potentially compromising user privacy. Apple's flawed MarketplaceKit process and lack of certificate pinning are highlighted as security vulnerabilities by researchers Talal Haj Bakry and Tommy Mysk.
Full articleSummary: ExxonMobil will demonstrate new collaboration initiatives at the National Plastics Exhibition in Orlando, showcasing solutions for packaging, agriculture, hygiene, and medical applications created with partners. The company highlights recyclable packaging solutions, incorporation of recycled content, and applications enabling sustainability benefits.
Full articleSummary: BlackRock Energy and Resources Income Trust NAV per share increased by 1.9% in September.
Full articleSummary: Eli Lilly has resubmitted its biologics license application (BLA) for lebrikizumab for the treatment of atopic dermatitis, expecting an FDA decision in the second half of 2024. Results from a phase 3 study showed improvement in skin clearance and itch. Lebrikizumab was previously approved in Europe.
Full articleSummary: Benchmark leak hints that Intel's upcoming Battlemage GPU range could be a strong contender for PC gamers with superior performance compared to its predecessor. The leak showcases a low-power version of the chip design, which indicates potential for success in the graphics card market competition.
Full articleSummary: Comcast reported strong first-quarter results that surpassed analyst expectations, with higher earnings per share (EPS) and revenues. The company's strategic focus on broadband technologies, theme parks infrastructure, and streaming service Peacock contributed to its growth.
Full articleSummary: The Federal Reserve is expected to keep its key interest rate unchanged at a 23-year high of 5.25% to 5.5%, with Fed Chair Jerome Powell providing clues on future rate changes. Inflation surged recently due to rising costs of services and slowed prices of certain goods as supply chain issues were resolved.
Full articleSummary: Tesla CEO Elon Musk dismissed two top executives and cut the EV company's supercharger team, following previous layoffs. TSLA shares fell 5.3% on Tuesday after surging 15.3% the day before, extending a 30% gain since Q1 earnings.
Full articleSummary: PayPal reported fiscal first-quarter revenue growth, missed analyst estimates for adjusted EPS, and provided outlook for second-quarter and full-year 2024. Consumer spending remains robust, but competitive pressure from rivals like Apple Inc is affecting its branded products. The stock lost 11% in the last 12 months.
Full articleSummary: US stocks jumped on Monday, extending gains from last week as investors digest Q1 earnings results. Investors are optimistic about another wave of first-quarter earnings reports. Amazon and Apple earnings are on the horizon this week, along with the Federal Reserve meeting, interest rate decision, and the April jobs report.
Full articleSummary: Tandem Diabetes Care (TNDM) had its outlook upgraded from Equal-Weight to Overweight by Wells Fargo. The average price target suggests a 1.09% downside. Funds reporting positions in TNDM increased by 35, and there is a bullish outlook indicated by a put/call ratio of 0.55.
Full articleSummary: ExxonMobil and NBA Africa launched a new Jr. NBA league in Maputo, Mozambique in collaboration with Clarisse Machanguana Foundation to empower youth through sport, education, and health. The league features 30 boys' and girls' teams for ages 16 and under, reaching over 8,000 students this year.
Full articleSummary: American Tower reported strong Q1 2024 financial results with revenue and net income increasing significantly. The company also provided a positive outlook for its full year 2024 revenue and capital expenditures, driven by growing demand for its services especially in the 5G network and data center leasing business.
Full articleSummary: The article discusses the importance of Return on Capital Employed (ROCE) as a metric for evaluating a company's profitability and reinvestment opportunities, highlighting Oracle as a company with a moderate ROCE of 14% in comparison to the industry average of 7.5%. The analysis emphasizes Oracle's consistent ROCE of 14% over the last five years and a 23% increase in capital employed within the business during that time.
Full articleSummary: CAM Industrial Solutions LLC renews mechanical services contract with DOW for 5 years in Louisiana.
Full articleSummary: Meta Platforms (META) and IBM (IBM) both posted disappointing quarterly results leading to a stock sell-off. META stock lost 9% while IBM shares lost 8% last week.
Full articleSummary: Samsung Electronics Co. reported better-than-expected earnings due to a strong performance by its semiconductor division, especially in memory chips fueled by increased demand for artificial intelligence services. The company's shares rose as a result of the positive earnings report.
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