Summary: Asit C Mehta report recommends Caplin Point Laboratories Limited (CAPLIPOINT) with a target price of Rs 1,675, considering growth potential at current levels and a forward PE valuation multiple of 20.
Full articleSummary: IBM is allocating USD 730 million over the next five years in Canada for on-shoring strategy, focusing on expanding packaging capabilities and R&D for advanced assembly processes.
Full articleSummary: The upcoming week is set to bring a flurry of earnings reports from prominent companies across various sectors including tech giants Amazon (AMZN) and Apple (AAPL), coffee giant Starbucks (SBUX), financial giants Mastercard (MA) and PayPal (PYPL), major healthcare players Pfizer (PFE), Amgen (AMGN), Moderna (MRNA), CVS Health (CVS), energy sector giants Devon Energy (DVN), and key semiconductor companies like Advanced Micro Devices (AMD), Qualcomm Incorporated (QCOM), NXP Semiconductors (NXPI), and ON Semiconductor (ON).
Full articleSummary: Intel is facing higher-than-expected demand for AI PC CPUs, leading to a surge in orders and a projection to exceed the initial shipment target. However, revenue for the second quarter is expected to remain flat compared to the first quarter due to packaging constraints.
Full articleSummary: The article discusses the importance of investing in profitable, growing companies like Danaher (NYSE:DHR) over high-risk investments lacking a track record of revenue and profit. It highlights Danaher's impressive EPS growth of 21% per year in the last three years, improved EBIT margins, growing revenue, and significant insider ownership. The author views Danaher as a good stock to follow and suggests further research.
Full articleSummary: Pfizer to launch its haemophilia B gene therapy Beqvez at $3.5 million with a warranty program offering greater certainty to payers. The gene therapy provides value by avoiding regular prophylactic infusions and sustained bleed protection, potentially reducing years of treatment burden.
Full articleSummary: Deutsche Bank AG's next share buyback will likely be delayed due to new provisions, according to Morgan Stanley analysts.
Full articleSummary: Gold prices slipped due to hopes for early interest rate cuts diminishing and focus shifting to the Federal Reserve policy meeting and U.S. non-farm payrolls data. Analysts suggest that if gold can stay within the $2200-$2350 range, it can benefit from any potential U.S. macroeconomic downturns in the future.
Full articleSummary: Microsoft CEO Satya Nadella is scheduled to meet Indonesian President Joko Widodo to discuss tech investments in Southeast Asia.
Full articleSummary: William Blair analysts raised FY2024 earnings per share estimates for General Dynamics. Several other analysts also adjusted their price targets and ratings for the company. Shares of General Dynamics opened at $284.41 on Monday, with 50-day and 200-day moving averages at $280.86 and $262.05, respectively. General Dynamics last reported quarterly earnings results on April 24th, slightly missing analysts' estimates. The company also increased its quarterly dividend.
Full articleSummary: Virgin has indefinitely suspended direct flights from Adelaide to Bali due to delayed delivery of Boeing 737 MAX aircraft. This decision is necessary to manage impacts of delayed new aircraft delivery on their international and domestic schedule.
Full articleSummary: ZoomInfo Technologies Inc. has been assigned a consensus rating of “Moderate Buy” by analysts covering the company, with majority of analysts giving a buy rating and an average 12 month price target of $21.43. ZoomInfo Technologies stock has been receiving positive price target revisions and rating upgrades from various brokerages recently.
Full articleSummary: Rivian Automotive, Inc. (RIVN) has received a 'Moderate Buy' rating from twenty-four research firms with an average twelve-month price target of $19.61. Recent analyst reports have varied from 'buy' to 'neutral' ratings. The company's recent earnings report beat expectations, but it is expected to post negative earnings for the current fiscal year.
Full articleSummary: RTX Co. has earned an average rating of 'Hold' from seventeen brokerages covering the stock, with two analysts rating it as a sell, eleven as a hold, and four as a buy. The average 1-year target price is $96.27. Several research firms have recently provided target price updates and ratings for RTX.
Full articleSummary: ICICI Bank's in-line Q4 results for FY24 have led to analysts raising target price and EPS forecast. The bank is viewed as least vulnerable to regulatory actions on digital offerings or risk monitoring lapses.
Full articleSummary: Turkey is in talks with ExxonMobil for a multibillion-dollar LNG deal to reduce dependence on Russian energy by diversifying its supply portfolio. The country aims to secure up to 2.5 million tons of LNG annually in a potential decade-long agreement with Exxon.
Full articleSummary: Most Asian stocks rose on Monday driven by gains in technology shares and Chinese markets following the government's loosening of property market restrictions. Tech stocks were boosted by strong earnings from Microsoft and Alphabet, fueling optimism about artificial intelligence demand. Other Asian markets also saw gains.
Full articleSummary: Intel is addressing stability issues with 13th and 14th Gen Core i9 desktop CPUs, attributing blame to motherboard vendors for not following Intel specs. Majority of Core i9 CPU stability issues are stemming from unlocked motherboards. Intel is still validating the root cause of CPUs running outside recommended specs and observed issues related to sustained high voltage and frequency during elevated heat periods.
Full articleSummary: Corporate earnings have been positive overall, helping market rally despite rate fears. With tech earnings announcement ahead, attention is on companies like Apple and Amazon. Analysts are optimistic about Apple's potential post-earnings and Amazon's double-digit sales and profit growth.
Full articleSummary: Axis Bank has reported strong financial results with positive takeaways including accomplishing an ROE of more than 18% for 4QFY24, healthy credit growth, strong other income growth, lower C/I ratio, increased disbursement in retail and SME loans, strong contingent provision buffer, and improved NPA. While facing higher-than-expected provision expenses, it is believed that the negatives are well provided for and growth is anticipated to continue.
Full articleSummary: Bank of America Corporation filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on 26 April 2024.
Full articleSummary: Ford celebrated the Mustang's anniversary with the launch of high-performance models in Europe and America, including the 800-hp Mustang GTD and a showdown with Tesla Model S Plaid in a drag race.
Full articleSummary: Meta Platforms Inc. is facing significant setbacks due to malfunctioning AI-powered ad tools, resulting in a waste of ad budgets and decline in sales. The company has not been transparent about performance glitches, causing uncertainty among advertisers. Many businesses have stopped using Advantage Plus and reverted to manual ad campaigns.
Full articleSummary: Colgate-Palmolive raises forecast for annual organic sales growth after strong first-quarter performance, benefiting from resilient demand for high-priced self-care and pet nutrition products, with net sales of $5.07 billion for the quarter ending 31 March.
Full articleSummary: Caitlin Clark secures a lucrative $28 million contract with Nike, including a signature shoe deal, making her the biggest star in women's basketball. Her impact is evident by record-breaking viewership and sold-out jerseys.
Full articleSummary: Northern Trust added $2.4 billion worth of US Treasury notes to its book and its available-for-sale Treasuries jumped 68.7% to $6.1 billion during the first quarter.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. traded slightly down at Rs 2854.45 on BSE, with 52-week low and high prices of Rs 1560.75 and Rs 2875.0. Stock traded at 60.33 times its trailing 12-month EPS and 23.88 times its book value. The stock has shown outperformance, up 79.04% in the past year.
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