Summary: Zacks.com released a list of companies likely to issue earnings surprises, with Alphabet and Microsoft reporting solid results. Meta's Q1 earnings were impressive, but investors are concerned about the company's increased capital expenditures. Tesla's performance was disappointing, with deteriorating earnings outlook and cut prices.
Full articleSummary: US inflation is on the rise, Fed signals high interest rates, rollercoaster for markets and policy-makers
Full articleSummary: Bailard Inc. increased its stake in MetLife by 20.1% in the 4th quarter according to the SEC filing. Analysts have set new price targets with mostly 'buy' ratings. MetLife's stock price was down 2.1%. The company has also raised its dividend.
Full articleSummary: Costco is offering a deal on its Gold Star annual membership through StackSocial for $60, which includes a $40 Costco gift card, essentially making the membership cost $20. The deal must be redeemed by June 16 and is available only to new customers or those whose memberships have been expired for more than 18 months.
Full articleSummary: Wolverine Asset Management LLC significantly reduced its holdings in BlackRock MuniYield Michigan Quality Fund, Inc. during the 4th quarter, while several other institutional investors and hedge funds modified their holdings by either raising stakes or acquiring additional shares. The stock price for BlackRock MuniYield Michigan Quality Fund increased by 0.1%. The company also announced a monthly dividend.
Full articleSummary: RTX Co. has received an average "Hold" rating from seventeen research firms covering the firm. Multiple analysts have made price target adjustments and provided ratings ranging from sell to buy. The company's CFO and an insider have recently sold significant amounts of company stock.
Full articleSummary: Alphabet's market value surges over $2tn on announcing first-ever cash dividend and revenue growth.
Full articleSummary: Costco offers various discounted gift cards including Southwest Airlines, Instacart, Cinemark, Subway, and Spafinder, providing significant savings for Costco members on popular purchases.
Full articleSummary: Insiders at Philip Morris International Inc. have been selling their shares over the last year, with the latest notable sale being by the President of South & Southeast Asia, selling US$1.9m worth of stock. The Executive Chairman of the Board also sold shares worth US$8.6m at a lower price than the current market value. Insiders did not make any purchases in the last year, raising some concerns.
Full articleSummary: Emerson Electric Co.'s share price has been up 57% in the last five years, less than the market return, but newer shareholders have seen a 32% gain over the last twelve months. The company's EPS dropped 1.1% per year during the five years of share price growth. However, Emerson Electric has a TSR of 78% in the last 5 years, largely due to its dividend payments. Shareholders have received a total shareholder return of 35% over the last year, including dividends.
Full articleSummary: North Star Asset Management Inc. increased its holdings in JPMorgan Chase & Co. by 0.6% in the 4th quarter, along with several other large investors making changes to their positions. JPM stock has been the subject of various research analyst reports. The company also announced an increase in its quarterly dividend. Insider transactions have been reported at JPMorgan Chase & Co.
Full articleSummary: Microsoft's UK business reported a significant profit surge due to increased revenues from cloud services, with pre-tax profits rising to £652m; the company also expanded its AI initiatives in the UK. However, the company is facing scrutiny from British regulators over its practices and AI partnerships.
Full articleSummary: The Advocate General of the European Court of Justice opined that large platforms like Meta should not target users with personalised ads based on sensitive personal data, adding to scrutiny of Meta's targeted advertising model in the EU. Maximilian Schrems has previously filed a lawsuit against Meta for its targeted advertising practices.
Full articleSummary: The Global GNSS Chip Market is seeing major technology giants such as Mediatek, Broadcom, and Intel in the spotlight again. GNSS chips are semiconductor devices that help devices determine precise location, velocity, and time information through satellite signals.
Full articleSummary: Coca-Cola Consolidated will post its quarterly earnings results on May 6th, announced a dividend to be paid on May 10th, and has been upgraded to a 'strong-buy' rating by StockNews.com.
Full articleSummary: Repertoire Immune Medicines, a biotechnology startup, formed a deal with Bristol Myers Squibb to develop vaccines for autoimmune diseases. The collaboration could potentially yield up to $1.8 billion for the startup. It marks a strategic shift for Repertoire towards off-the-shelf and scalable medicines.
Full articleSummary: Bristol Myers Squibb is partnering with biotech Repertoire Immune Medicines to collaborate on tolerizing vaccines for autoimmune diseases, investing $65 million with potential future payments of up to $1.8 billion. Repertoire's Decode platform will be utilized to develop therapies for Type 1 diabetes and multiple sclerosis.
Full articleSummary: Stock index futures edged higher as investors awaited more earnings reports and the upcoming Federal Reserve meeting. Treasury yields were lower. Wall Street closed last week on a positive note due to strong earnings results and in line inflation data, which helped to ease market sentiment.
Full articleSummary: Ford F-150 pickup deliveries in Australia have been paused again due to an undisclosed issue, causing a temporary hold on shipments to dealers. This is the third time the pickup has been affected by recalls since deliveries began in December 2023.
Full articleSummary: The Global Artificial Conversational Entity market is expected to experience a big move with key players like IBM, Inbenta, and Nuance Communications involved. The market explores various segments and opportunities driven by the increasing use of ACE for product promotion and improved customer engagement.
Full articleSummary: Pfizer's gene therapy Beqvez has been approved by the FDA as a one-time treatment for hemophilia B, aiming to reduce the medical and treatment burden for patients with the condition. The therapy is priced at $3.5 million, aligning with another gene therapy product, Hemgenix.
Full articleSummary: Elon Musk visits China to boost Tesla's sales and introduce self-driving technology amid fierce competition, with progress made on obtaining approval for FSD software in China and data transfer overseas. Tesla also reaches a deal with Baidu for partnership on mapping and navigation functions.
Full articleSummary: StackSocial is offering a discount on Microsoft Office Professional 2021 for Windows, dropping the price to just $49.97 from the regular price of $219. The suite includes Word, Excel, PowerPoint, Outlook, OneNote, Teams, Publisher, and Access.
Full articleSummary: Kyndryl helps CIB Bank modernize applications and uncollateralized lending workflow in Hungary, resulting in increased efficiency and cost savings. CIB Bank focuses on customer-centric solutions and engaging with digital banking era innovations.
Full articleSummary: Signaturefd LLC increased its stake in BlackRock TCP Capital by 73.2% in the fourth quarter, with several other hedge funds also making changes to their positions in the company. Analyst ratings on TCPC have been mixed, with various brokerages issuing hold ratings and price target changes. BlackRock TCP Capital stock was up by 1.6%.
Full articleSummary: Alphabet, Microsoft, and Meta all had positive revenue and earnings growth in the latest quarter, with Meta being chosen as the best pick for investors based on its current valuation and future potential.
Full articleSummary: Meta Platforms' stock dropped 11% after posting strong first-quarter earnings report, with revenue rising 27% YoY to $36.46 billion and earnings soaring 114% to $4.71 per share. The company faces challenges including softer revenue guidance, higher expenses, and stalling user growth, but is still growing faster than smaller competitors and trades at a low multiple of forward earnings.
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