Summary: Tesla shares surged up to 18% after CEO Elon Musk met with a top Chinese government leader and received backing to rollout its advanced driver-assistance in China. The visit is seen as pivotal for Tesla's EV footprint in the Chinese market and acquiring approval for its full self-driving software.
Full articleSummary: Amgen Inc. and Sandoz Group AG settled a patent-infringement lawsuit over biosimilar versions of Amgen’s Prolia and Xgeva bone-strengthening treatments, with Sandoz prohibited from selling until Feb. 19, 2025.
Full articleSummary: Palantir Technologies (PLTR) has emerged as a leader in the AI realm with significant growth in customer acquisition, revenue, and profits. The company offers AI rooted software suites, commanding a hefty price tag for its services. However, it may not evolve into a diversified business like Microsoft despite its success in the AI arms race.
Full articleSummary: PepsiCo, Inc. (PEP) stock was up 0.1% during mid-day trading on Monday with positive analyst upgrades and downgrades signaling a 'Moderate Buy' consensus rating and a target price of $187.42. The company reported earnings per share of $1.61 for the quarter, beating the consensus estimate by $0.09, and announced a quarterly dividend of $1.265 with a 2.87% dividend yield. Institutional investors have also shown interest in the stock.
Full articleSummary: Salesforce, Inc.'s share price fell slightly on Monday despite analysts setting new price targets and the announcement of a dividend. Insider transactions and hedge funds modifying their holdings were also reported.
Full articleSummary: Honeywell International Inc. (HON) is expected to report a decline in earnings for the next quarter, but analysts are optimistic about its revenue growth. The company has a Zacks Rank of #3 (Hold) and a premium valuation compared to its industry peers.
Full articleSummary: Union Pacific unveiled its first set of hybrid switching locomotives that can run on diesel fuel or batteries, showcasing potential fuel efficiency improvements and reduced emissions. The hybrid switchers are expected to consume as much as 80% less fuel, reduce maintenance expenses, and noise levels compared to traditional diesels.
Full articleSummary: Ford Motor Company celebrates the 60th anniversary of the Mustang, a beloved sports car introduced in 1964, with special limited-edition packages and a continued focus on gas-powered and electric models.
Full articleSummary: Microsoft's Juan Lavista Ferres co-authors a book on responsible AI use in healthcare, discussing examples, biases, and regulation recommendations.
Full articleSummary: Medtronic (MDT) stock closed with a +1.4% swing and underperformed the Medical sector and S&P 500 over the last month. The upcoming earnings report on May 23, 2024, projects a decrease in EPS and revenue compared to the previous year. The Zacks Rank for MDT is currently at #4 (Sell), and it has a Forward P/E ratio of 15.34, offering a discount relative to the industry average.
Full articleSummary: Boeing firefighters' union members are seeking a new contract to secure better pay and staffing at a time when Boeing is under scrutiny over safety. Negotiations have been unsuccessful so far, with a looming strike threat if no agreement is reached by the deadline. Both sides are engaged in negotiations to prevent any disruption in firefighting services at Boeing facilities.
Full articleSummary: Salesforce.com (CRM) stock ends trading session with a +0.53% adjustment. Predicted to post an EPS of $2.38, a 40.83% growth compared to last year. Zacks Rank currently at #3 (Hold).
Full articleSummary: Chevron expects a resolution to a dispute with ExxonMobil over a Guyana oil contract in the coming months, potentially allowing for the completion of a US$53 billion acquisition of Hess this year.
Full articleSummary: Chevron is leaning on U.S. shale for production growth, including the Permian Basin and the Rockies. They expect a slower pace of production growth going forward. Exxon is facing regulatory challenges regarding their acquisitions of Hess Corp and Pioneer Natural Resources.
Full articleSummary: Boeing has resolved legal disputes with GKN Aerospace by acquiring its Hazelwood facility where F-15 and F/A-18 fighter jet components are produced. The deal includes employing 550 of GKN's staff, securing Boeing's combat aircraft programs in St. Louis.
Full articleSummary: Deep-pocketed investors are adopting a bullish approach towards Oracle, as evidenced by significant options activity and projections targeting a price range from $100.0 to $125.0. The general mood among these investors is divided, with 50% leaning bullish and 12% bearish.
Full articleSummary: CNBC's Jim Cramer praised Google-parent Alphabet for its recent quarter results, highlighting the company's profitability and transparency during the conference call.
Full articleSummary: Lowe's stock closed at $230.94, up by 0.47%, outperforming S&P 500 and other indices. Analysts project a decline in EPS and revenue for the upcoming quarter compared to the previous year. The company has a Zacks Rank of #3 (Hold), a forward P/E ratio of 18.83, and a PEG ratio of 1.7.
Full articleSummary: Tesla announces it will be laying off nearly 700 employees from its Sparks location in June, following previous layoffs in April.
Full articleSummary: Pfizer's gene therapy, Beqvez, becomes one of the most expensive medications in the U.S. after FDA approval for hemophilia B treatment.
Full articleSummary: TSMC, the chip manufacturing giant with operations mainly in Taiwan, faces potential risks due to geopolitical tensions and natural disasters but remains strong in metrics and AI development. The stock is undervalued based on its PEG ratio and growth expectations.
Full articleSummary: Pfizer and Genmab have received full approval from U.S. regulators for their treatment Tivdak for certain forms of cervical cancer.
Full articleSummary: Broadcom Inc. (AVGO) experienced a slight decrease in stock price compared to the previous trading day but is expected to report positive EPS and revenue growth in the upcoming earnings release. Analysts are optimistic about the company's business and profitability, despite a currently lower Zacks Rank of #4 (Sell). Broadcom Inc. is trading at a discount compared to its industry's valuation metrics.
Full articleSummary: Houston employment agency Talbridge Corp. is liable for about $350,000 in gross receipts tax in New Mexico for providing payroll services to Chevron contractors.
Full articleSummary: Oracle (ORCL) stock closed at $116.49, showing a -0.61% decrease from the previous day. The company is expected to report an EPS of $1.64 and revenue of $14.56 billion, with a Zacks Rank of #3 (Hold). Oracle has a Forward P/E ratio of 21 and a PEG ratio of 1.87, indicating a discount in valuation compared to industry averages.
Full articleSummary: Berkshire Hathaway B (BRK.B) ended the recent trading session slightly lower compared to the previous day, facing a downturn when compared to the S&P 500, Dow, and Nasdaq. Analysts are forecasting a decrease in earnings compared to the prior year for Berkshire Hathaway B, while revenue is also anticipated to decline. The company holds a Zacks Rank of #2 (Buy) and is trading at a premium valuation compared to its industry peers. The Insurance - Property and Casualty industry, to which Berkshire Hathaway B belongs, is currently ranked within the top 21% of over 250 industries.
Full articleSummary: The National Highway Traffic Safety Administration is investigating Ford Motor's BlueCruise hands-free driving technology after two fatal crashes involving Ford Mustang Mach-E SUVs. NHTSA is looking into whether the vehicles pose a safety risk and confirmed BlueCruise was engaged in one of the collisions.
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