Summary: Nike and BAPE have settled a trademark lawsuit over the latter’s infringement of some of Nike’s well-known sneaker designs, ending the legal battle that included claims, counterclaims, and discussions around trade dress registrations.
Full articleSummary: American Tower issued an update on its FY24 earnings guidance, providing EPS guidance slightly below consensus estimates along with revenue guidance. The company also updated its FY 2024 EPS guidance. Additionally, American Tower announced a quarterly dividend cut. Wall Street analysts have given mixed ratings on the stock.
Full articleSummary: BlackRock Throgmorton Trust plc has announced its portfolio update for March 2024, outperforming its benchmark. The company returned 3.4% in March, with positive contributions from UK wealth manager Mattioli Woods, Gamma Communications, and 4imprint. The largest detractors were CVS Group and YouGov.
Full articleSummary: Intel's Gaudi 3 processor for AI applications is faster than its predecessor but the company has given uninspiring guidance for its sales in 2024. AMD expects revenue from Instinct MI300-series, while Nvidia's data center GPU revenue is expected to hit around $40 billion this year.
Full articleSummary: RTX stock has appreciated 50% from its 52-week low, despite concerns over profit margins in some of its businesses. Analysts are optimistic about the company's prospects due to forecasted profit increase and improved margins in key divisions.
Full articleSummary: Exelon has patented a secure and reliable communications architecture for power distribution automation devices, which includes fiber-enabled fail-over protection for continuous operation in case of faults. The patent also discloses a fault management system in optical communication networks involving transferring connections and power supplies between paths swiftly to ensure uninterrupted service.
Full articleSummary: Apple is scheduled to release its quarterly earnings with a focus on concerns about slowing growth in China, weak demand, and performance of its Services portfolio. Analysts have lowered their expectations slightly for earnings and revenue. Investors are closely watching iPhone sales and China revenues.
Full articleSummary: The Coca-Cola Co. reported Q1 results that beat expectations, with adjusted earnings growing by 7% year-over-year and net revenues increasing by 3%. The company raised its FY24 outlook, expecting organic revenues to grow in the range of 8% to 9% and comparable adjusted earnings to grow between 11% to 13%. Analysts are cautiously optimistic about the future price of KO stock.
Full articleSummary: Chevron secures a deal for a block in the Walvis basin in Namibia, an area with a proven petroleum system from previous wells.
Full articleSummary: CRM platforms like Salesforce Inc, HubSpot Inc, Zoho CRM, Microsoft Dynamics, and SAP SE are revolutionizing customer engagement and are receiving positive sentiments on Reddit. Salesforce and HubSpot are the most discussed CRM platforms with Salesforce capturing a 59% share of discussions.
Full articleSummary: Tableau, in partnership with Salesforce, introduces AI-driven analytics enhancements through Einstein Copilot and real-time customer data access. Despite setbacks like Informatica acquisition falling through, Tableau pushes boundaries in data analytics with new partnerships and innovations.
Full articleSummary: AtriCure, Inc. will be participating in the Bank of America Securities Healthcare Conference on May 14, 2024. The company's management will present at 10:15 a.m. Pacific Daylight Time.
Full articleSummary: Analysts weigh in on Teladoc, Gilead Sciences, and SAGE Therapeutics in the healthcare sector. Ratings and price targets have been reiterated or assigned, providing insights for investors.
Full articleSummary: Salesforce India's chairperson shares the tech company's outlook on further expansion and new investments in India, emphasizing AI adoption, growth in team size, and sector-specific solutions.
Full articleSummary: Barclays analyst maintained a Hold rating on Lockheed Martin with a price target of $480.00. Deutsche Bank also assigned a Hold rating with a $487.00 price target. Negative insider sentiment due to an increase in selling by insiders.
Full articleSummary: KLA, a key developer of equipment and services for the electronics industry, has joined Nvidia, Broadcom, and others in etching new bases and earning a spot on the Investor's Business Daily Leaderboard. KLA provides advanced process control and process-enabling solutions for various industries. The company recently cleared a trendline entry and is closing in on a new flat base, showing positive signs for potential growth.
Full articleSummary: PayPal reported a profit for its first quarter that increased from the same period last year but missed Street estimates. The company's revenue for the quarter rose 9.4%.
Full articleSummary: PayPal reported a 27% growth in adjusted earnings per share in the first quarter due to a new methodology that includes stock-based compensation. The company's transaction-margin dollars also saw a 4% growth, rebounding from a decline in the previous quarter. PayPal expects mid- to high-single-digit growth in adjusted earnings per share for the full year.
Full articleSummary: Starbucks is expanding its presence in Latin America by opening its first stores in Ecuador and Honduras through partnerships with existing local franchisees. The company aims to increase its global store count to 55,000 by 2030.
Full articleSummary: The battle for the top Bitcoin exchange-traded fund (ETF) provider in the U.S. is heating up as BlackRock's iShares Bitcoin Trust (IBIT) closes in on Grayscale Bitcoin Trust (GBTC) with a gap of $1.5 billion. Despite the prediction that IBIT would overtake GBTC by the end of April possibly not coming true, the competition remains fierce.
Full articleSummary: Coca-Cola Co. issued an optimistic 2024 forecast after surpassing first-quarter expectations, driven by higher prices and volume growth in global markets.
Full articleSummary: Citigroup initiated coverage of Pinnacle West Capital with a Neutral recommendation and an analyst price forecast suggesting 3.24% upside. The projected annual revenue for the company is expected to decrease by 9.99% with a non-GAAP EPS of 4.64. Institutional ownership of Pinnacle West Capital has increased along with an indication of a bullish outlook based on the put/call ratio.
Full articleSummary: Healthcare industry is facing challenges due to climate change, leading to increased pressure on health systems and the need to meet ESG obligations. Oracle is supporting healthcare institutions in their ESG journey by utilizing technology and data management for more efficient services. Telehealth and virtual care are becoming crucial in modern healthcare delivery, with a focus on reducing carbon footprint. Healthcare providers are also focusing on early intervention for chronic diseases and implementing AI and automation to improve workflows and sustainability.
Full articleSummary: Walmart is closing all 51 health centers and virtual health care operations due to lack of profitability, focusing instead on pharmacies and Vision Centers.
Full articleSummary: Sandoz and Amgen have settled all patent disputes regarding Sandoz's denosumab biosimilars approved by the FDA.
Full articleSummary: Tesla is rumored to be further downsizing its workforce, with lay-offs primarily impacting the Supercharger division and public relations team
Full articleSummary: Tesla reportedly conducted another round of layoffs, this time including the entire Supercharger team, among other executives and teams. Layoffs were described as necessary for the company by an email anonymously supplied to The Information.
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