Summary: American Tower posted higher first-quarter net income and boosted its revenue projection for the year as usage of data centers and cell towers increased due to postpandemic recovery. However, the company lowered its 2024 earnings projection.
Full articleSummary: Coca-Cola (NYSE:KO) beat analysts' expectations in Q1 CY2024 with revenue up 3.1% year on year to $11.3 billion and non-GAAP profit of $0.72 per share. The company maintained its 2024 EPS guidance and reported a gross margin of 62.5%. Despite a 91.3% decrease in free cash flow from the previous quarter, organic revenue was up 11% year on year.
Full articleSummary: NVIDIA, Alphabet, and Amazon.com have been highlighted in the Zacks analyst blog. NVIDIA's shares have outperformed in the AI space and data center end-market, while Alphabet is benefiting from cloud business momentum. Amazon.com has seen growth in its Prime unit and cloud business, outperforming its industry.
Full articleSummary: Truist Financial Corp decreased its holdings in Colgate-Palmolive by 15.5% in the fourth quarter. Insider selling activity was recorded, with significant transactions in early February. Wall Street analysts have been positive on the stock, with several rating upgrades and increased price targets.
Full articleSummary: American Tower Corporation (NYSE: AMT) reported first-quarter earnings and revenue that surpassed Wall Street expectations. The company's adjusted EPS of $2.79 and revenue of $2.83 billion both exceeded analyst forecasts. American Tower provided an optimistic outlook for adjusted EBITDA and raised its full-year 2024 guidance in various aspects.
Full articleSummary: JPMorgan Chase opens a new community center in the Bronx to offer financial services, workshops, and community support, all managed by Bronx locals. The bank aims to help underserved communities and strengthen relationships with customers and non-customers.
Full articleSummary: PayPal reported first quarter EPS of $1.40, beating analyst estimates and revenue surpassed consensus estimates. The stock price closed at $66.99 and has shown volatility in the last 3 and 12 months. PayPal's Financial Health score is reported as 'good performance'.
Full articleSummary: Walt Disney World's Victoria & Albert’s restaurant receives a Michelin star, becoming the first U.S. theme park restaurant to achieve this feat. The restaurant charges at least $295 per person for prix-fixe menus and boasts a wine list of 500-plus wines.
Full articleSummary: PayPal reported strong first-quarter earnings with adjusted earnings growing by 27% to $1.08 per share, despite changes in methodology that now consider stock-based compensation. The company plans mid- to high-single-digit growth in adjusted earnings per share for the full year, shifting from a prior forecast of flat growth.
Full articleSummary: JPMorgan Chase appointed new executives in Asia and EMEA as part of a global promotion round, with changes in leadership positions and restructuring in regions like Asia and China.
Full articleSummary: American Tower (NYSE:AMT) stock gained 1.7% in Tuesday premarket trading after Q1 earnings easily beat the average analyst estimate and the owner of telecom towers raised its 2024 guidance for earnings and adjusted EBITDA.
Full articleSummary: Earnings reports from major companies such as McDonald's, Coca-Cola, and PayPal were mixed, with some beating and others missing expectations. Later in the day, tech giants like Amazon and Advanced Micro Devices are expected to report their earnings. Guests scheduled for discussions include Kenny Polcari, Brett Ryan, and Matt Schulz.
Full articleSummary: Microsoft has retired support on Skype for Business software, transitioning to Microsoft Teams Rooms for its replacement with new features such as native 4K support and improved meeting options. Microsoft 365 has also introduced new features like GroupMe and Communities for collaborative planning.
Full articleSummary: COCA-Cola raised its annual organic sales forecast on strong global demand for sodas and juices, with a 2% increase in premarket trading.
Full articleSummary: Pfizer and Genmab received full FDA approval for Tivdak to treat recurrent or metastatic cervical cancer, achieving positive results in a late-stage trial.
Full articleSummary: Tesla is reportedly laying off hundreds more employees, including senior executives and most of its Supercharging team, on top of the recent layoff of 14,000 staffers.
Full articleSummary: PayPal Holdings, Inc. announced its first quarter 2024 results, with details available on their investor relations website. They will host a conference call to discuss these results.
Full articleSummary: Serko Limited has signed a five-year partnership renewal with Booking.com, reflecting a strong foundation for future global growth and scale. The revenue share model has been revised with tiered system for higher incremental volumes, aiming for significant volume growth at current commission levels. Serko provided unaudited FY24 trading update showing total income above mid-point of revised guidance.
Full articleSummary: Jefferies upgraded their outlook for General Dynamics from Hold to Buy with an average one-year price target suggesting 8.38% upside. General Dynamics also declared a $1.42 dividend per share and has a bullish outlook based on fund sentiment and put/call ratio.
Full articleSummary: Q2 Metals Corp. announced the completion of the review of drill core from the Cisco Lithium Property. The geological team re-logged six drill holes and dispatched samples for lab analysis. The Company plans to announce its summer exploration plans soon.
Full articleSummary: Coca-Cola raises its annual organic sales forecast after beating first-quarter revenue and profit expectations due to customers spending more on pricey sodas and juices globally, with surge in demand in the U.S. and buoyant demand in international markets.
Full articleSummary: Florida's laws on undocumented migrants have made it challenging for Walt Disney World Resort to hire enough workers, leading to the resort's reliance on international workers for its theme parks and hotels. The impact of the law has also affected Florida's economy and various industries, including tourism and construction. To address the labor shortage, Florida expanded hours for teenagers and allowed them to work in dangerous jobs.
Full articleSummary: Pfizer launched a comprehensive awareness campaign in UAE to raise awareness on Respiratory Syncytial Virus (RSV) and the importance of preventive measures to keep loved ones healthy. The campaign includes initiatives and collaborations with healthcare professionals to educate the public about RSV prevention.
Full articleSummary: Institutional investors are requesting PepsiCo to report on its dependencies on biodiversity to quantify financial risks related to nature loss. Shareholder proposal supported by major investors but facing resistance from PepsiCo's board. Similar resolutions planned for Home Depot.
Full articleSummary: American Tower Corp. reported strong first-quarter results with funds from operations exceeding expectations. The company's revenue also surpassed estimates, and it expects full-year funds from operations to be in the range of $10.30 to $10.53 per share.
Full articleSummary: Salesforce Inc's intrinsic value as calculated by the Discounted Earnings model is $226.44, indicating the company is fair valued with a margin of safety of -21.77%. Using the Discounted Free Cash Flow model, the DCF intrinsic value based on free cash flow is $301.50, showing a margin of safety of 8.54%.
Full articleSummary: Shein is diversifying its offerings by reaching out to household names such as Colgate-Palmolive and Hasbro, expanding its platform in various countries, aiming to compete with giants like Amazon and enhance credibility for its anticipated stock market listing.
Full article