Summary: Coca-Cola will be reporting its Q1 earnings before market hours, analysts expect flat revenue year-on-year at $10.97 billion with adjusted earnings of $0.70 per share. Analysts have been increasingly bearish on the company, but Coca-Cola has a history of beating revenue estimates consistently.
Full articleSummary: Cisco Systems' recent decline of 7.4% in stock price does not overshadow its sound financials, particularly its high ROE of 30%, which is significantly higher than the industry average of 11%. The company has demonstrated impressive earnings growth over the past five years, and despite returning most profits to shareholders, it has managed to sustain growth.
Full articleSummary: High demand for RTX 4060 Ti GPUs has led to decreased availability in the market, with some areas receiving shipments as low as a few dozen to 50 units per shipment. The shortage is impacting all brands based in Taiwan, and some models were selling below MSRP at retail despite the popularity of the GPU.
Full articleSummary: Dead units of NVIDIA's GeForce RTX 4090 graphics cards are being used in scams where the GPUs and memory are removed, leaving buyers with empty PCBs. Scammers sell off the components separately for profits.
Full articleSummary: Namibia's national oil company signed a development deal with Chevron giving the U.S. company an 80% operating working interest in an offshore block in the Walvis Basin. There are high hopes for oil production in Namibia by 2030.
Full articleSummary: Google Play has reportedly removed Trust Wallet, a non-custodial digital wallet for storing crypto, from its listing. The reason for the removal remains unclear and there have been no public statements from Trust Wallet or Google Play. Trust Wallet's native token TWT plunged over 5% after the news broke.
Full articleSummary: Nvidia's dominant position in the semiconductor industry remains untouched as it wields immense power with its high-performance GPUs powering almost every industry.
Full articleSummary: Immunovia appoints Dr. Lisa Ford as Clinical Laboratory Director, who will lead lab operations and research for the company's next-generation test. Dr. Ford brings over twenty years of experience in laboratory project teams and clinical assay development.
Full articleSummary: NVIDIA has agreed to acquire Run:ai, an Israel-based Kubernetes-based compute management software provider, in order to enhance AI resource management across cloud and edge computing engines. NVIDIA's stock value soared after the announcement, adding nearly $290 billion in market capitalization.
Full articleSummary: Honeywell launched a cloud-based platform using AI and machine learning to help aerospace companies modernize production, reduce operational costs, and improve asset management.
Full articleSummary: Repertoire Immune Medicines has partnered with Bristol Myers Squibb in a multi-year strategic collaboration to develop tolerizing vaccines for autoimmune diseases, with Repertoire receiving an upfront payment of $65 million and potential milestone payments totaling up to $1.8 billion.
Full articleSummary: Roku is adding video ads to its home screen, Comcast is increasing fees for channels in some areas, and Comcast & Spectrum lost significant cable TV and internet customers in the first 3 months of 2024.
Full articleSummary: Wells Fargo adjusted Molina Healthcare's price target to $375 due to concerns over Medicaid Medical Loss Ratio guidance for 2024, despite acknowledging the company's growth strategy. Analyst expresses caution about potential underestimation of financial impact compared to competitors like Centene and UnitedHealth Group. Strong balance sheet position and oversold stock with positive revenue growth and attractive valuation metrics noted.
Full articleSummary: Deutsche Bank adjusted its outlook on Charter Communications shares, reducing the price target from $320 to $300 while maintaining a Hold rating due to expectations of higher long-term share count resulting from decreased share repurchase activity.
Full articleSummary: Wells Fargo adjusted its outlook on Cardinal Health, reducing the share price target to $94 from $96 due to a decrease in expected earnings per share for 2025. The revision was influenced by the enterprise value to EV/EBITDA multiple, and the analyst remains cautious about market dynamics and competitive intensity.
Full articleSummary: RBC Capital raised Colgate-Palmolive's price target to $95 from $88, highlighting the company's top-line growth driven by pricing and volume, strong margin performance, and robust fundamentals, with expectations of continued momentum.
Full articleSummary: UBS revised its price target for CVS Health, reducing it to $85.00 from $90.00, citing revised earnings estimates and rise in Medical Loss Ratio. Despite the adjustments, UBS maintains a Buy rating for CVS Health.
Full articleSummary: Gold is under short-term technical pressure as a bearish flag pattern has appeared on the daily chart, indicating a potential move lower. This week's sentiment will be driven by the US Fed policy decision and the US Jobs Report, with traders looking for other drivers besides the Middle East stability.
Full articleSummary: Apple is expanding the implementation of technical and policy solutions to comply with the Digital Markets Act to include iPad and iPadOS as well.
Full articleSummary: The US BIOSECURE Act aims to prevent foreign biotech companies of US national security concern from accessing US taxpayer dollars, impacting China-based CDMO WuXi Biologics. Thermo Fisher anticipates benefiting from geopolitical tensions as customers rethink their supply chains and partner locations.
Full articleSummary: Bio-Techne Corporation (TECH) partners with Thermo Fisher Scientific for distribution of products across Europe.
Full articleSummary: Medtronic secured FDA approval for its closed-loop spinal cord stimulation (SCS) device, offering real-time adjustment of stimulations for chronic pain treatment. The device, Inceptiv, is the first to provide closed-loop feature sensing biological signals and adjusting electrical pulses output in rhythm with the user.
Full articleSummary: Meta's Oversight Board is planning job cuts that could impact staff supporting the 22-member board, including those responsible for research, translation, and promotion of the organisation's work. This downsizing might affect the board's ability to effectively police the social media platform.
Full articleSummary: Microsoft and Google Cloud are positioned to grow twice as fast as AWS in the AI and cloud markets. Customers prefer solutions from Microsoft, Google Cloud, and Oracle over AWS based on growth rates. Microsoft reported a 23% revenue increase while Google Cloud boasted a 28% growth. AWS is projected to have a 13% growth rate, lagging behind its competitors in growth.
Full articleSummary: Severe winter storm in the United States threatens to delay millions of Christmas gift deliveries, affecting major shipping hubs and disrupting key operations for FedEx, UPS, USPS, and Amazon.com.
Full articleSummary: Starbucks and Workers United engage in a high-profile labor battle over unionization of baristas, ultimately reaching an agreement. Impact investors should take notice of labor issues as they can impact shareholder value. This development may have broader implications for worker rights and organized labor movement in USA.
Full articleSummary: Honeywell's Fischer-Tropsch Unicracking technology enables the production of sustainable aviation fuel (SAF) that is 90% less carbon intensive than traditional fossil-based jet fuels, produces 3-5% more SAF and reduces by-product waste streams. DG Fuels has selected Honeywell's technology for the world's largest SAF manufacturing facility in Louisiana, expected to produce 13,000 barrels of SAF daily by 2028.
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