Summary: Eagle Ridge Investment Management reduced its stake in Lowe's Companies, Inc. by 20.1% during the fourth quarter. Several other hedge funds and institutional investors also adjusted their holdings in LOW. Multiple analysts have issued ratings on the company with a consensus of 'Hold' and a price target of $252.52. Lowe's Companies stock was up 0.5% trading at $230.94 on Monday.
Full articleSummary: Russell Investments Group Ltd. increased its position in MetLife, Inc. by 7.7% in the fourth quarter, according to its most recent 13F filing. Several other institutional investors also made changes to their positions in the business. Insiders have been selling shares of MetLife recently. Wall Street analysts have provided mostly positive ratings and increased target prices for MetLife.
Full articleSummary: Investment House LLC increased its holdings in FedEx Co. by 16.8% in the fourth quarter, with other institutions also adjusting their positions. Insider activity includes VP and CEO selling FedEx stock. Several analysts have recently commented on FDX shares, with rating upgrades and price target increases.
Full articleSummary: Alphabet-owned Google has initiated layoffs, disbanding its entire Python team to cut costs by outsourcing work. Several employees, including a software engineer named Matt Hu, received layoff notices and experienced abrupt terminations. Approximately half of the team was let go.
Full articleSummary: Amica Mutual Insurance Co. reduced its holdings in RTX Co. by 23.3% in the fourth quarter, while other institutional investors made changes to their positions as well. Insiders have also been actively buying and selling shares of RTX, with significant transactions reported. Furthermore, several equities research analysts have provided various ratings and price targets for RTX stock.
Full articleSummary: Van ECK Associates Corp increased its stake in The Charles Schwab Co., other institutional investors added to or reduced their stakes, and company insiders have sold significant shares. Analyst ratings have varied, with some instituting a hold rating and others maintaining a buy rating on the stock.
Full articleSummary: Adell Harriman & Carpenter Inc. reduced its stake in Texas Instruments by 21.9% in the 4th quarter, selling 4,302 shares. Other institutional investors like Tennessee Valley Asset Management Partners, Life Planning Partners Inc, Annapolis Financial Services LLC, Briaud Financial Planning Inc, and AMH Equity Ltd have bought shares of Texas Instruments. Analysts have issued various ratings on the stock including "buy", "neutral", and "sell". Texas Instruments last reported an EPS of $1.20 for the quarter, surpassing analysts' estimates by $0.13. The company declared a quarterly dividend of $1.30 to be paid on May 21st.
Full articleSummary: U.S. Secretary of State Antony Blinken claims that U.S. trade restrictions on China are not meant to hinder China's tech industry, despite Huawei launching new laptops with Intel chips. Some U.S. lawmakers, led by Congressman Michael McCaul, aim to restrict China's access to chip technology.
Full articleSummary: Expedia Group, Inc. is scheduled to report its first-quarter 2024 results. The company may have benefited from solid momentum in gross bookings and AI technology initiatives, but faced challenges in the Trivago segment and car business. Macroeconomic uncertainties and online travel competition are likely headwinds.
Full articleSummary: BofA Securities analyst reiterated a Buy rating on Colgate-Palmolive Company, raised price target, highlighted strong sales growth, EPS beat, margin expansion, market share gains, and positive outlook for future forecasts and increased price target.
Full articleSummary: Supreme Court rejects Elon Musk's appeal over settlement requiring tweet approval related to Tesla, stemming from misleading tweets about taking Tesla private in 2018.
Full articleSummary: Oracle has more office workers in California than Texas after moving its headquarters to Texas, with about 6,900 workers in California compared to nearly 2,500 in Texas. The decision to move the headquarters to Nashville has caused uncertainties about the company's presence in Austin.
Full articleSummary: Chevron reported a decline in net income, total revenues, and other income for Q1 2024 compared to the same quarter a year ago, despite an increase in oil-equivalent production. The company's capital expenditure increased, while cash flow from operations slightly decreased. Shareholders were rewarded with dividends and share repurchases.
Full articleSummary: Coca-Cola Co. is gearing up for a potential initial public offering of its African bottling business with a possible dual listing in Johannesburg and Amsterdam, seeking a valuation of over $8 billion.
Full articleSummary: IBM's international revenue patterns are analyzed for the quarter ending March 2024, showing varied results in Asia Pacific and Europe, Middle East and Africa. Wall Street analysts project revenue increases for the current fiscal quarter and full year, with a focus on global market dependencies.
Full articleSummary: Expedia Group, Inc. is expected to report its first-quarter 2024 results with anticipated revenue growth and decline in losses. Heavy competition in the online travel industry and macroeconomic uncertainties might act as headwinds, with negative impact expected from Trivago segment and car business.
Full articleSummary: Amgen is expected to report its first-quarter 2024 results with total revenues projected to grow roughly 20% year over year. The company is anticipated to have strong product sales driven by newer drugs like Evenity, Repatha, Prolia, and Blincyto, although prices for most products are expected to have declined. Amgen's recent acquisition of Horizon Therapeutics is expected to positively impact its first-quarter results.
Full articleSummary: JPMorgan Chase & Co's preferred stock, JPM.PRC, will trade ex-dividend on 5/1/24 for a quarterly dividend of $0.375, resulting in a 1.48% decrease in share price. The current yield of JPM.PRC is approximately 5.94% compared to an average yield of 6.78% in the 'Financial' preferred stock category.
Full articleSummary: Analysts from Loop Capital Markets and Citi's Michael Rollins maintained Hold ratings on Charter Communications, while Barclays maintained a Sell rating. Charter Communications has a one-year high of $458.30 and a one-year low of $236.08. Corporate insider sentiment is neutral on the stock.
Full articleSummary: Investment Committee shares top stocks to watch for the second half including Delta Air Lines, JPMorgan Chase, and the IYC.
Full articleSummary: The Coca-Cola Company (KO) is expected to report first-quarter 2024 earnings on Apr 30, showcasing steady earnings outcomes and positive top and bottom-line surprise trends. Despite concerns about inflationary cost pressures, KO remains a long-term buy option due to its strong brand equity, marketing strategies, and ongoing efforts to become a total beverage company.
Full articleSummary: Analysts are bullish on Intuit and Shopify in the Technology sector with price targets set at $712.00 and $89.00 respectively. Intuit has a Strong Buy consensus with a price target of $710.15, while Shopify has a Moderate Buy consensus with a $81.81 average price target.
Full articleSummary: The government of the Democratic Republic of Congo has threatened Apple with legal action over allegedly using minerals illegally sourced from the country in its products. Apple claims its minerals are conflict-free, but legal action is looming.
Full articleSummary: Apple Watch Series 9 is currently on sale for $299 at multiple retailers, including Amazon, Best Buy, Target, and Walmart. The smartwatch offers new features like a Double Tap feature and improved internal storage capacity compared to the previous model. However, compatibility with only iPhones and limitations in battery life and certain health tracking features remain. Overall, it provides a good value for those looking to upgrade.
Full articleSummary: BofA Securities analyst raised the price target for Colgate-Palmolive Company (CL) due to strong financial performance and market share gains. Analyst forecasts organic growth and EPS improvement for the company in the upcoming quarters. The stock is currently trading lower by 0.87%.
Full articleSummary: Comcast announced turbo-charging its network in Falmouth, MA with 2 Gigabit speeds, part of a $960 million investment in technology and infrastructure in Massachusetts.
Full articleSummary: Eli Lilly is facing shortages of its popular obesity and diabetes drugs, putting company earnings at risk, analysts say. Despite this, analysts expect an earnings miss for the first quarter but predict strong demand in the second half of 2024 to compensate for any shortfalls.
Full article