Summary: Apple is considering a collaboration with OpenAI to integrate generative AI capabilities into its upcoming iPhone operating system, iOS 18.
Full articleSummary: Cercano Management LLC increased its holdings in Danaher stock by 11.4% during the fourth quarter, making it the 14th largest position in their investment portfolio. Several other hedge funds also bought shares of Danaher recently. Wall Street analysts have given the stock mostly positive ratings and price target upgrades.
Full articleSummary: Raymond James & Associates reduced its holdings in ConocoPhillips by 3.0% in the 1st quarter, selling 46,531 shares. Furthermore, a number of other hedge funds also made adjustments to their positions in COP. ConocoPhillips trading up 0.1% on Friday, hitting $130.24. Wall Street analysts are forecasting growth for COP with several overweight and positive ratings.
Full articleSummary: PGGM Investments reduced its position in Lowe's Companies, Inc. by 37.6% in the 4th quarter. Several other institutional investors also adjusted their stakes in LOW. Lowe's Companies reported $1.77 earnings per share for the quarter, beating the consensus estimate. The firm announced a quarterly dividend of $1.10 per share.
Full articleSummary: Stonebrook Private Inc. purchased a new stake in shares of Bristol-Myers Squibb during the 4th quarter, and other hedge funds also added to their stakes. Bristol-Myers Squibb's stock was up 0.3%. The company reported quarterly earnings, revenue up, and announced a dividend. Multiple research firms issued various ratings on BMY.
Full articleSummary: Vance Wealth Inc. raised its position in shares of Medtronic plc by 34.2% in the fourth quarter, also other institutional investors and hedge funds added to their stakes in the company. Additionally, insider selling activities were reported. Analysts have recently commented on MDT with a consensus 'Hold' rating and an average price target of $94.91. Medtronic stock was up 0.6%. The company also announced a quarterly dividend.
Full articleSummary: Gilliland Jeter Wealth Management LLC acquired a new position in shares of Philip Morris International Inc. during the 4th quarter. Philip Morris International Trading Down 1.1%. Wall Street analysts forecast growth.
Full articleSummary: PGGM Investments increased its holdings in Colgate-Palmolive by 8.3% during the fourth quarter, with multiple other institutional investors showing significant interest in the company. Colgate-Palmolive also saw positive analyst ratings and performed well in its most recent earnings report, beating estimates.
Full articleSummary: Paradiem LLC increased its stake in General Dynamics Co. by 38.7% during the 4th quarter, as per a recent filing with the SEC. Additionally, the company announced a rise in dividend, with a quarterly payment scheduled for May 10th.
Full articleSummary: Private Wealth Partners LLC raised its position in Honeywell International Inc. by 19.7% in the 4th quarter according to its most recent Form 13F filing. Other institutional investors have also increased their stakes in the company. Honeywell International stock traded up 0.2% on Friday.
Full articleSummary: Stonebrook Private Inc. purchased a new position in Costco Wholesale Co., Analysts set new price targets for Costco Wholesale, Insiders place their bets on the company, Costco Wholesale increases dividend payments
Full articleSummary: Russell Investments Group Ltd. reduced its holdings in Gilead Sciences by 16.2% in the fourth quarter, selling 209,199 shares. Insider Merdad Parsey sold 2,000 shares of Gilead Sciences. Several research firms have lowered price targets, rating it as 'Hold'.
Full articleSummary: Global equity funds saw outflows as investors grew cautious due to diminishing hopes of rapid Federal Reserve rate cuts amid higher-than-expected U.S. inflation readings. Asian markets, particularly Japanese equity funds, however, recorded inflows. Tech sector funds experienced outflows, while energy and industrial sector funds saw inflows. Global bond funds, including government, high-yield, and corporate bond funds, secured higher inflows compared to the previous week. Emerging market funds witnessed net outflows across bond and equity categories.
Full articleSummary: Principle Wealth Partners LLC reduced its stake in Pfizer Inc. by 18.3% in the fourth quarter, selling 65,121 shares. Other large investors have also adjusted their positions. Wall Street analysts have issued varied ratings on PFE stock, with several analysts giving a 'Hold' rating. Pfizer reported quarterly earnings exceeding estimates and declared a dividend with a yield of 6.61%.
Full articleSummary: Nike is releasing the Air Max Dn in a sleek 'White/Metallic Silver' colorway on May 3rd for $160. The design features a grey base, all-white upper, and innovative technology for optimal support and performance.
Full articleSummary: Tesla announces the next leg of its Cybertruck tour in Europe covering 24 cities including London, Berlin, Madrid, and more. The tour aims to showcase the unique electric pickup to international markets.
Full articleSummary: Finance chiefs are prioritizing cost-cutting efforts amid economic and geopolitical uncertainty, with a focus on technology investments over job cuts. CFOs are increasing their focus on risk management, while revenue expansion holds a lower priority. Some major global banks are reducing headcount in Asia wealth-related segments.
Full articleSummary: Elon Musk from Tesla Inc. made an unannounced trip to China to seek approval for driver-assistance software, potentially impacting the carmaker's revenue.
Full articleSummary: Google fires employees over Israel project protests, Reliance Jio launches JioCinema Premium to compete with Netflix and Amazon Prime, WhatsApp considers shutting down in India over encryption issue
Full articleSummary: Citigroup CEO Michael Corbat to present at the Sanford C. Bernstein 29th Annual Strategic Decisions Conference, showcasing the company's global presence and diverse range of financial services.
Full articleSummary: Intel's target price was reduced by Truist Financial from $45.00 to $33.00 with a 'hold' rating, indicating a potential upside of 3.51% from current price. Several other analysts also lowered their price targets for Intel, resulting in a consensus rating of 'Hold'.
Full articleSummary: Costco has expanded its footprint across the U.S. and worldwide, with three U.S. states still without a location. Despite the lack of stores in some states, Costco reported an increase in total membership.
Full articleSummary: Elon Musk met with Chinese Premier Li Qiang to discuss 'win-win' cooperation and China's efforts to attract foreign investment, as Chinese automakers showcase electric vehicles at the Beijing auto show. Tesla recently reduced prices in China and faces potential tariffs on vehicles due to EU investigation into Chinese EV subsidies.
Full articleSummary: The Philippine peso could trade sideways against the US dollar as the market awaits signals from the US Federal Reserve's meeting. The peso appreciated against the dollar due to factors such as the BSP closely monitoring the forex market and the dollar weakening to two-week lows. The Fed's stance on interest rates and inflation data will heavily influence the peso's movement.
Full articleSummary: The upcoming week will be focused on FOMC, Apple, Amazon earnings reports, and USD/JPY movements. Economic calendar includes key releases like US ISM reports and the monthly US Jobs Report. Tech reporting season in full flow with notable companies like Tesla, Meta, Amazon, and Microsoft. The Japanese Yen continues to weaken to uncomfortable levels, potentially prompting actions from central banks.
Full articleSummary: Meta Platforms (META) stock is considered cheap based on its strong free cash flow margins despite a recent drop. Analysts expect revenue to increase, leading to higher price targets. Shorting out-of-the-money put options on META stock is seen as a strategy to generate income.
Full articleSummary: Apple's upcoming 'Let Loose' iPad event rumored to unveil OLED iPad Pro with M4 chip instead of M3 chip, may herald Apple's official entry into AI, alongside updates to iPad Air and accessories like Apple Pencil with haptic feedback.
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