Summary: Johnson & Johnson (JNJ) rates highest using the P/B Growth Investor model of Partha Mohanram, indicating strong interest in the stock based on low book-to-market stocks with characteristics associated with sustained future growth.
Full articleSummary: The report provides trading advice for Johnson & Johnson (JNJ) for longer-term, swing trading, and day trading plans, suggesting buy and short strategies based on resistance levels and target prices.
Full articleSummary: Eli Lilly's drug tirzepatide is showing promising results in late-stage studies for the treatment of obstructive sleep apnea and obesity, potentially leading to another label expansion and significant sales growth. Analysts believe the therapy could generate peak revenue reaching $34 billion by 2029.
Full articleSummary: Intuit has increased lobbying spending ahead of a Treasury Department report on the feasibility of allowing taxpayers to file their information online directly to the IRS. The report is expected to address the limitations of the current Free File program and the potential for a public filing option. Intuit's lobbying efforts are seen as attempts to maintain market share amidst calls for easier consumer access to filing options.
Full articleSummary: Stonebrook Private Inc. purchased a new position in Union Pacific shares, multiple hedge funds increased their stakes in Union Pacific, analysts have issued various positive ratings with increased price targets for Union Pacific, insiders have sold Union Pacific shares, and the company recently performed well financially by beating earnings estimates. Union Pacific also announced a dividend payout.
Full articleSummary: Multiple institutional investors including Russell Investments Group Ltd. and Morgan Stanley have increased their stakes in International Business Machines Co. (NYSE: IBM). Analysts have provided mixed ratings for the company, with sell-side analysts expecting positive earnings per share for the current year.
Full articleSummary: Wells Fargo is facing multiple lawsuits after customers lost their life savings to scammers due to perceived weaknesses in its anti-fraud measures. Victims recount losing significant amounts of money and express frustration over the lack of refunds from the bank.
Full articleSummary: Tesla CEO Elon Musk made an unannounced visit to China to discuss the introduction of Full Self-Driving software, aiming to win regulatory approval in key markets like China. Musk postponed a trip to India for investment talks.
Full articleSummary: Intel's price target was cut by Mizuho analysts from $55.00 to $45.00 with a 'buy' rating, indicating a potential upside of 41.15% from the previous close. Several other brokerages also adjusted their price targets and ratings on the stock. Intel's stock price dropped by 9.2%.
Full articleSummary: Intel's stock received a 'sell' rating reaffirmed by Rosenblatt Securities with a target price of $17.00, indicating a potential downside of 46.68%. Multiple analysts have issued ratings ranging from 'sell' to 'buy' with a consensus rating of 'Hold' and an average target price of $39.75. Intel's stock price opened at $31.88 on Friday, with a 1-year low of $26.85 and a 1-year high of $51.28.
Full articleSummary: Intel had its price target reduced by The Goldman Sachs Group from $39.00 to $34.00 with a 'sell' rating based on recent research reports, indicating a potential upside of 6.65% from the company's previous close. Several other analysts have also adjusted their price targets and ratings for INTC.
Full articleSummary: BSI published a security advisory for Broadcom Brocade SANnav on April 24, 2024, revealing multiple vulnerabilities that could be exploited by attackers. This affects the UNIX operating system and the Broadcom Brocade SANnav product.
Full articleSummary: Nike finalizes the new Liverpool kit for the 2024/25 season by scrapping the shield around the club crest and opting for a design with embossed pinstripes and retro-style collar. The upcoming kit will also mark the last season of Nike's partnership with Liverpool, as Adidas is set to take over as the Reds' kit manufacturer starting from the 2025/26 season.
Full articleSummary: Meta is opening its Meta Quest operating system to third-party hardware manufacturers in an effort to expand its ecosystem and make app development easier. The Horizon OS combines mixed reality features with social presence capabilities, supporting various tracking technologies and mixed reality-oriented features. The move aims to enable specialized devices for gaming, entertainment, fitness, productivity, and social presence.
Full articleSummary: California announces that Tesla's supercharging network will become available to non-Tesla EVs, part of larger effort to incentivize switch to zero-emission vehicles by 2035.
Full articleSummary: Meta (Facebook, Instagram, WhatsApp) has been focused on enhancing safety and security measures by introducing tools like 'Night Nudges' to protect young users and 'Take it Down' to curb sexual abuse content online. The company also emphasized on parental supervision tools for minors and partnerships to empower small businesses with digital skills.
Full articleSummary: Several NFL rookies including Jayden Daniels, Malik Nabers, and Brian Thomas Jr. have signed footwear and apparel deals with Nike after being selected in the first round of the 2024 NFL Draft.
Full articleSummary: Desay SV, GAIC AION, and NVIDIA signed a cooperation agreement to jointly develop next-generation cockpit-driving integrated solutions and central computing platforms based on NVIDIA's new DRIVE Thor chip for L4 autonomous driving systems.
Full articleSummary: Stonebrook Private Inc. acquired a new stake in Eli Lilly and Company during the fourth quarter, with several other hedge funds and institutional investors buying shares as well. Eli Lilly and Company's stock traded up 1.2%. Analysts set new price targets, with the consensus price target at $728.05. Major shareholder Lilly Endowment Inc sold shares of the company's stock.
Full articleSummary: The US Federal Reserve is expected to keep interest rates unchanged due to elevated inflation and robust labor market. Analysts anticipate a more hawkish-leaning message at the May FOMC meeting. Markets predict a low probability of a rate cut until mid-September to avoid interfering with the November presidential election.
Full articleSummary: MongoDB, led by Dev Ittycheria, has seen significant growth transitioning to the cloud, a successful IPO, and expanding its customer base. The company has embraced vector databases and introduced vector search to Atlas, preparing for the AI revolution. Despite a security breach, MongoDB's valuation has rebounded with a focus on SaaS and a new venture fund.
Full articleSummary: Ford Motor Company (NYSE:F) has announced a dividend payment of $0.15 per share, leading to a 6.1% dividend yield which is above the industry average. The company's earnings coverage for the dividend is solid but its growth prospects are limited due to slow earnings growth.
Full articleSummary: Stonebrook Private Inc. purchased a new stake in The Home Depot, Inc. during the 4th quarter. Other hedge funds have also recently bought and sold shares of the company. Insider selling activity was reported. Home Depot's stock price performance and dividend increase were highlighted. Analyst ratings showed a mix of ratings with the stock currently having a consensus rating of 'Moderate Buy'.
Full articleSummary: Sonny Vaccaro criticizes Caitlin Clark's $28 million deal with Nike, stating that she missed out on a better deal by not demanding 'Michael Jordan treatment'. Vaccaro believes she should have received an equity deal like Jordan's iconic agreement.
Full articleSummary: PayPal, once a darling of the digital payments boom, has transitioned from growth to a value stock with its valuation becoming more appealing. The company is undergoing a transition year under new CEO Alex Chriss, aiming to improve offerings for small and medium-size businesses and the checkout process, leveraging AI for personal recommendations and cash-back rewards.
Full articleSummary: Meta Platforms (META) stock has dropped significantly after its Q1 earnings release, but concerns about its free cash flow margins being overblown. Despite increased capex spending plans, analysts forecast higher revenue which could lead to a higher price target.
Full articleSummary: Tesla CEO Elon Musk met with China's Premier Li Qiang to discuss deepening cooperation with China, including the rollout of Tesla's driver-assistance system. Musk's visit comes during a time of volatility for Tesla, with slowing EV sales prompting cost-cutting efforts.
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