Summary: Eli Lilly is expected to announce Q1 earnings results, analysts estimate a profit of $2.49 on revenue of $8.93B, the company has been gaining in stock price due to the weight loss frenzy and is expected to beat results driven by Mounjaro and Zepbound, LLY has consistently beaten EPS and revenue estimates over the last 2 years, and analysts predict unprecedented growth for the company over the next decade.
Full articleSummary: Coca-Cola is preparing for a potential $8 billion IPO of its African bottling business as soon as next year, aiming for a primary listing in Amsterdam and secondary listing on the Johannesburg Stock Exchange.
Full articleSummary: Tesla shares jumped over 11% after CEO Elon Musk's visit to China resulted in tentative approval to deploy Tesla's Full Self-Driving system and an expanded partnership with Chinese tech giant Baidu for mapping and navigation.
Full articleSummary: Coca-Cola is planning a potential IPO of its African bottling business with a valuation of over $8 billion, following delays in its IPO plans in 2022 due to market instability caused by the Russia-Ukraine war.
Full articleSummary: ExxonMobil had a mixed Q1 earnings report with sales figures beating expectations but profits decreased by 28% and spending increased for future ventures.
Full articleSummary: Microsoft Corporation issued its third quarter earnings report, surpassing estimates with revenue rising 17% YoY to $61.86 billion and net income amounting to $21.94 billion. Microsoft also boosted by partnership with Coca Cola on AI technology. Fourth quarter guidance was not as strong, with projected revenue of $63.5 billion to $64.5 billion.
Full articleSummary: Charter Communications Inc. is closing a call center in Walker and laying off all 240 employees in the coming weeks.
Full articleSummary: Coca-Cola is considering an IPO for its African bottling business with a potential valuation of over $8 billion, following a delay in IPO plans in 2022 due to market turbulence linked to the Russia-Ukraine war.
Full articleSummary: Boeing raises $10 billion through debt market to address cash burn issues, with credit rating nearing 'junk' status from agencies. The bond proceeds will be used to increase liquidity ahead of $12 billion in combined debt coming due in 2025 and 2026.
Full articleSummary: EG Group Ltd, the UK's largest operator of Starbucks franchises, was given approval to create a new coffeehouse on a different area of a car park in Queensferry after the initial development was abandoned due to issues with the location of a sewer pipe. The new coffeehouse will be a small-scale, single storey rectangular building with a drive-thru and parking.
Full articleSummary: Namcor signed a farm-out agreement with Chevron Namibia Exploration Limited (CNEL) for the acquisition of an 80 percent working interest in Petroleum Exploration License 82 (PEL 82) in Namibia's offshore Walvis Basin. The agreement aims to enhance exploration potential and development of offshore resources.
Full articleSummary: Spotify CEO selling company stock, Philips stock rises 40%, IBM to expand Canadian plant, Roper tumbles on Q1 results, Microsoft's earnings beat forecasts, Oracle boosting generative AI capabilities
Full articleSummary: Comcast and Charter Communications reported positive growth in their mobile businesses with Comcast's wireless revenues growing more than 13% YoY and Charter increasing mobile lines by 486,000. Comcast also saw growth in broadband ARPU and connectivity businesses, while Charter highlighted its residential mobile service growth.
Full articleSummary: Comcast reported a more than 13% year-over-year growth in domestic wireless revenues, with a customer base of 6.9 million. The company's consolidated revenues were up 1.2% and net income increased by 0.6%. Comcast's Peacock streaming service also witnessed strong growth with paid subscribers up 55% and net additions of 3 million during the first quarter. Charter Communications experienced growth in mobile lines by 486,000, reaching 8.3 million mobile lines by the end of the first quarter. Its residential mobile service growth was at 37.8%.
Full articleSummary: Bristol-Myers Squibb's short percent of float has decreased by 5.98% since its last report, indicating a decline in shares being sold short. Comparison with peers shows that the company has less short interest than most of its competitors.
Full articleSummary: Coca-Cola is gearing up for a potential IPO of its African bottling business with a valuation target of over $8 billion, delaying previous plans due to market turbulence caused by the Russia-Ukraine war.
Full articleSummary: Oracle plans to move its world headquarters to Nashville with a focus on the healthcare industry, demonstrating ambitions to expand its reach in healthcare; the company is making significant investments in developing healthcare software products and enhancing cybersecurity for healthcare organizations.
Full articleSummary: Exxon Mobil (XOM) is a strong dividend play with a dividend yield of 3.22% and a Zacks Rank of 3 (Hold). The company has increased its dividend 4 times in the last 5 years with an average annual increase of 1.67%. XOM expects solid earnings growth with a Zacks Consensus Estimate for 2024 of $9.70 per share.
Full articleSummary: Booking Holdings Inc. (BKNG) scheduled to report its first-quarter 2024 results with expectations of growth in gross bookings, hotel room nights sold, airline ticket units sold, and merchant revenues. The company is expected to benefit from its focus on enhancing merchandising capabilities. However, weakening momentum across its agency model and macroeconomic uncertainties may be headwinds. Estimates predict a rise in revenues and earnings compared to the year-ago quarter.
Full articleSummary: Scammers are selling fake RTX 4090 graphics cards lacking vital components like memory and GPU, leading to unsuspecting buyers receiving non-functional units. Similar scams to those reported in China have now reached the US.
Full articleSummary: CVS is expanding into the biosimilars market to capitalize on generic versions of blockbuster drugs.
Full articleSummary: Union Pacific Railroad released its annual Building America Report, emphasizing progress on safety, sustainability, and the development of a new hybrid battery-electric locomotive. The report highlighted a partnership with ZTR to design and test hybrid-electric locomotives, along with improvements in safety metrics and reductions in greenhouse gas emissions. The company also received high scores for its climate initiatives and corporate transparency.
Full articleSummary: Deutsche Bank analyst predicts that PayPal (PYPL) stock could gain further in coming weeks, with upside potential to $74 and favorable risk-reward setup.
Full articleSummary: Tesla stock soared after CEO Elon Musk's productive trip to China resulted in approval for Full Self-Driving software in China-built EVs, leading to a 12.3% jump in stock price and gains of more than 30% in a week. Investors are optimistic about Tesla moving closer to autonomous driving.
Full articleSummary: Chevron's Q1 2024 net income declined by 16.3% compared to the same quarter last year due to lower margins on refined product sales and lower natural gas realisations. Total revenues and other income decreased, but net oil-equivalent production increased by 12.3%. Capital expenditure and cash flow slightly increased. Chevron distributed $6bn to shareholders and declared a quarterly dividend of $1.63 per share.
Full articleSummary: Coca-Cola preparing for $8 billion IPO of its African bottling arm.
Full articleSummary: Nvidia is projected to benefit significantly from technology companies' increased spending on artificial intelligence, with Melius Research analyst Ben Reitzes maintaining a bullish outlook on the stock and raising the price target by over 11%. The company's GPUs are in high demand by major cloud computing networks which are expected to increase spending on chips by ~20% in the coming years.
Full article