Summary: An investor shares their decision to sell their entire position in PayPal and some of their position in Zoom Video Communications after holding them for nearly 9 years. They used the proceeds to buy a meaningful position in Academy Sports and Outdoors. The investor believes in the long-term potential of PayPal and Zoom but sees better upside potential in Academy Sports due to its low valuation and growth prospects.
Full articleSummary: Multiple institutional investors, including DT Investment Partners LLC, increased their holdings in JPMorgan Chase & Co. in the fourth quarter. Moreover, insiders have been actively selling shares of the company. Wall Street analysts have mostly given positive ratings and raised target prices for JPM shares. The stock was trading up 0.1% on Friday and the company recently announced an increase in its quarterly dividend.
Full articleSummary: Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas in order to diversify its supply portfolio.
Full articleSummary: Early adopters who purchased Apple Vision Pro headsets at high prices are now facing significant discounts on resale platforms like eBay and Swappa, with some configurations selling for hundreds of dollars less than retail prices.
Full articleSummary: Alphabet Inc's Google is seeking to dismiss a US government lawsuit accusing it of stifling competition in online advertising, arguing that the claims exceed antitrust laws and target lawful business practices. The case is set for trial in September 2023 in Virginia federal court.
Full articleSummary: Google is considering building a data center in Cedar Rapids that could potentially use a significant amount of water and electricity, leading to concerns about its impact on the city's resources. The city has surplus water capacity but may need to make infrastructure upgrades to meet the demands of the data center. Negotiations are underway for tax breaks and other incentives to attract Google to the area.
Full articleSummary: Strong earnings reports from Microsoft and Alphabet have reinvigorated the AI sector outlook and the current earnings season. The Magnificent 7 big tech companies are leading the market with a 3.3% increase on the day and a 4.4% increase for the week. Nvidia rebounded after reassurances about significant investments in AI infrastructure. Alphabet surpassed earnings expectations, announced a significant share buyback and a new dividend, leading to a 10% increase in its shares. On the other hand, Intel reported disappointing results and its stock fell by 11.2%.
Full articleSummary: Analysts at Barclays decreased the price target for Bristol-Myers Squibb from $51.00 to $43.00 and maintained an 'equal weight' rating on the stock, suggesting a potential downside of 4.12% from the current price. Various other analysts have also provided ratings and target price adjustments.
Full articleSummary: Big tech companies are investing billions in artificial intelligence, with NVidia expected to benefit the most from the trend due to increased demand for its GPUs for AI tasks.
Full articleSummary: Barclays raised target price for PepsiCo from $184.00 to $185.00 and has an overweight rating on the stock. Several other analysts also expressed positive views on PEP, with one buy rating and average target price of $187.42. PepsiCo last reported quarterly earnings above analysts' estimates and has a dividend yield of 2.88%. Institutional investors have been increasing their stakes in PEP.
Full articleSummary: O’Reilly Automotive's target price was reduced by Wells Fargo & Company from $1,300.00 to $1,200.00 with an overweight rating. Earnings per share for the latest quarter were $9.20, beating consensus estimates.
Full articleSummary: NVIDIA's GeForce RTX 40 GPUs, including the RTX 4060 Ti, are facing major supply shortages leading to increased prices in China.
Full articleSummary: Pfizer received FDA approval for gene therapy Beqvez to treat rare genetic bleeding disorder hemophilia B. The one-time treatment aims to help patients produce factor IX on their own and control bleeding. Despite potential benefits, the drug comes with a hefty price tag of $3.5 million.
Full articleSummary: The author holds a positive long-term view on PayPal and Zoom but decided to sell their entire position in PayPal and some of their position in Zoom to invest in Academy Sports and Outdoors. They believe there's more potential upside with Academy Sports due to its current valuation and projected growth.
Full articleSummary: The rapid rise of artificial intelligence has led to concerns about trust, regulation, and potential abuses. Surveys indicate that Americans are increasingly skeptical of AI-related companies and express worries about bias, incomplete or inaccurate outputs, and malicious use of AI.
Full articleSummary: Investors are closely awaiting Jerome Powell's comments to gauge Federal Reserve's stance on interest rates. Powell is expected to speak after the Fed's rate decision on Wednesday. Global economic indicators from Asia to Latin America are anticipated to shape central banks' policies and stock market movements.
Full articleSummary: MetLife, Inc. has received a consensus recommendation of 'Moderate Buy' from analysts, with a 1-year target price of $79.23. Several research reports have set 'buy' and 'outperform' ratings on the stock, leading to price target increases. Additionally, MetLife has increased its dividend and insiders have been selling shares.
Full articleSummary: Coca-Cola HBC AG stock has been rated as 'Moderate Buy' by analysts, with two hold recommendations and four buy recommendations. The average twelve-month target price for the stock is GBX 2,860. Recently, JPMorgan Chase & Co. reiterated a 'neutral' rating on the stock with a target price of GBX 2,350. Coca-Cola HBC has increased its dividend, and there has been insider buying and selling activity.
Full articleSummary: Schear Investment Advisers LLC increased its stake in NVIDIA Co. (NVDA) by 20.7% during the fourth quarter, while other institutional investors also made changes to their positions in the company. Wall Street analysts have issued optimistic price targets and ratings for NVIDIA. The stock traded up 6.2% during mid-day trading on Friday, reaching $877.35.
Full articleSummary: New York State Common Retirement Fund reduced its stake in Johnson & Johnson by 7.2% in the 4th quarter. Several other hedge funds have also bought and sold shares of JNJ. Insider selling activity has been reported, including by major shareholders. Johnson & Johnson's stock price was down slightly on Friday to $146.14. The company reported stronger-than-expected earnings for the quarter, beating the consensus estimate. The business also announced an increased quarterly dividend.
Full articleSummary: The Indian stock markets rebounded after two weeks of profit-taking, with key sectors such as realty, metal, and pharma posting strong gains. Both Nifty 50 and Sensex settled at 22,419.90 and 73,730.10 levels respectively. Kotak Mahindra Bank tumbled after RBI barred the private lender from new digital clients and issuing credit cards.
Full articleSummary: Federated Hermes Inc. raised its holdings in Simon Property Group, Inc. by 10.2% during the 4th quarter. Simon Property Group's revenue for the quarter was up 9.1% compared to the same quarter last year. Simon Property Group announced an increase in quarterly dividend and a share buyback plan. Analysts have given a 'Moderate Buy' rating to SPG stock.
Full articleSummary: GE Aerospace has delivered stellar returns, but concerns arise regarding its near-term earnings basis. The company's investment case lies in the life cycle of its airplane engines, particularly the LEAP engine, as newer airplanes are set to replace legacy aircraft, impacting revenue sources. Recent updates suggest a slight change in near-term expectations, with a focus on significant operating profit growth in the medium term.
Full articleSummary: GE Aerospace has been delivering stellar returns for investors, but questions arise regarding its expensive valuation and near-term earnings. Despite some near-term adjustments, the long-term outlook points to significant growth in operating profit by 2028, hinting at potential long-term margin expansion.
Full articleSummary: AI could generate trillions of dollars over the next ten years, with Nvidia (NVDA) well-positioned to benefit from this windfall. The company has made significant strides in AI technology by creating powerful chips and dominating the data center market. Nvidia's revenue and earnings have seen remarkable growth, fueled by the adoption of AI. Despite concerns about valuation, Nvidia's strong market position and continuous innovation make it a promising investment for the future.
Full articleSummary: Gilead Sciences had its price objective cut by Morgan Stanley with a potential upside of 19.23% from the previous close. However, the company has received mixed ratings from analysts including a 'hold' rating and a consensus rating of 'Hold'. The company recently reported quarterly earnings that exceeded analysts' estimates.
Full articleSummary: Gilead Sciences had its price target lowered by Royal Bank of Canada from $76.00 to $74.00 with a 'sector perform' rating. Several brokerages have adjusted their ratings and price targets for GILD. The company reported better-than-expected earnings for the quarter. Insider selling activity was reported. Institutional investors have been making changes to their positions in the company.
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