Summary: Fool.com contributor discusses why production limitations are great news for Tesla stock investors.
Full articleSummary: Intel Corp stock fell after reporting a first-quarter revenue miss and weak Q2 EPS guidance, analysts diverge in their ratings with price target adjustments and mixed sentiments towards the company's future outlook.
Full articleSummary: NVIDIA is expected to dominate the AI market in 2024 with $40 billion in GPU sales, outpacing AMD & Intel by a significant margin.
Full articleSummary: Google plans to invest $1 billion in data center expansion in Virginia, including the addition of a third data center in Prince William County. The company also announced $75 million for AI workforce development initiatives to help over one million Americans learn essential AI skills.
Full articleSummary: Nvidia shares surged 15% this week due to increased investments in AI by big clients like Meta, Alphabet, and Microsoft. Anglo American Plc saw a 6.3% jump in shares after Elliott Investment Management disclosed a $1 billion stake amidst an unsolicited takeover approach from BHP Group Ltd.
Full articleSummary: Canadian stocks may outperform U.S. stocks if the Bank of Canada cuts interest rates before the Federal Reserve, historically showing a 6.4% median outperformance over 11 months during such periods. Market participants are expecting rate cuts to start in June, potentially bringing down Canada's policy rate to 3% from the current 5%.
Full articleSummary: U.S. stocks closed with more gains thanks to strong performances by Alphabet and Microsoft, despite Intel's drop. Inflation remained high, leading to expectations of steady interest rates. Roughly 3 in 4 companies exceeded profit forecasts.
Full articleSummary: Cisco ASA and FTD software vulnerabilities reported by CERT-In could allow attackers to execute arbitrary commands and code, leading to denial of service.
Full articleSummary: Tesla reassured investors about a lower-cost vehicle, but UBS analyst believes aspects of it are still uncertain and in flux. Different analysts have varied opinions on Tesla's future plans and the impact on its stock.
Full articleSummary: Rivian needs to undergo a massive transformation to match Tesla's success by focusing on profitability, increasing efficiency, and investing in a vertically integrated supply chain. The company is currently struggling amid competition and financial losses post IPO.
Full articleSummary: The two largest banks in the US, JPMorgan Chase and Bank of America, expect to lose a collective $4.5 billion from customers unable to pay bills, mainly driven by surge in net charge-offs relating to credit card debt. Despite the losses, both banks claim their balance sheets are sound.
Full articleSummary: Truist Financial Corp reduced its stake in Emerson Electric Co. by 4.0% in the 4th quarter, selling 38,475 shares, now owning 913,027 shares worth $88,865,000. Several other large investors have also adjusted their holdings of Emerson Electric. Emerson Electric (NYSE:EMR) traded up to $109.89 on Friday, reporting positive financials and revenue growth. Analysts have upgraded Emerson Electric with a consensus rating of 'Moderate Buy' and a target price of $116.25.
Full articleSummary: MSI has stopped making AMD Radeon GPUs and is now solely focusing on custom NVIDIA GeForce RTX series GPUs. They continue to collaborate with AMD for motherboards. MSI's move into using Intel CPUs for gaming handhelds raises questions about the deal they might have made with Intel.
Full articleSummary: Exxon Mobil (XOM) closed nearly 3% lower on Friday after missing Q1 earnings expectations due to drop in natural gas prices and weaker oil refining margins. However, its shares are up 17% YTD, outpacing competitors.
Full articleSummary: Charles Schwab (NYSE: SCHW) struggled with falling deposits due to rising interest rates driving investors towards higher-yielding alternatives. Despite this challenge, the company has historically performed well for investors with an average return on equity of 13.5% over the past decade, outpacing competitors like JPMorgan Chase, Morgan Stanley, and Bank of America.
Full articleSummary: Amazon.com Inc. is close to a deal to bring NBA games to Prime Video, while ESPN is expected to keep rights to NBA finals but air fewer regular-season games. Deals would last a decade and include rights to the WNBA.
Full articleSummary: Nvidia disclosed its portfolio of AI stocks surpassing $100 million, with a concentration on ARM Holdings and a 3.4% stake in Recursion Pharmaceuticals. Recursion aims to improve drug discovery using AI and big data, with partnerships in place with Roche and Bayer.
Full articleSummary: Nike organized shock drops of Prime's Nike Air Diamond Turf 96 'Varsity Maize' on CU's campus and in Atlanta, both events selling out. Nike delayed the release date, now expected on June 14, ahead of schedule. Nike also plans to provide Colorado Buffaloes football team with Diamond Turf 3 cleats.
Full articleSummary: Details about the upcoming Google Pixel 8a smartphone have been leaked, showcasing several exclusive features and software support including Google's Best Take, Circle to Search, Audio Magic Eraser, and Live translation for voice calls. The phone is also expected to come with Tensor G3 chip and 'seven years of security updates'.
Full articleSummary: Morgan Stanley suggests buying tech-related stocks like Nvidia and Apple before earnings. Nvidia is expected to have a strong quarter with positive catalysts driving share gains. Keysight Technologies is well positioned to capitalize on AI/ML tailwind and Fortinet is expected to accelerate in the second half of the year.
Full articleSummary: Tesla plans to lay off about a tenth of its workforce after reporting dismal first-quarter sales.
Full articleSummary: Danaher Corporation (NYSE:DHR) is expected to experience positive core sales growth as 2024 progresses, supported by the ending of customer inventory destocking, improving order trends in various segments, and easier Chinese market comparisons. Margins are anticipated to improve with easing comparisons and cost-cutting measures. Valuations may look slightly expensive based on FY24 earnings but reasonable for FY25 and FY26. The company's stock is rated as a buy.
Full articleSummary: Microsoft is modernizing its corporate campus surrounding the new Redmond Technology Station with eco-friendly features, but the area around the station is set to remain low-density. The completion of the campus refresh is expected by 2025, with some buildings experiencing delays. The zoning limits and lack of high-rise or housing growth around the station are attributed to potential disappointment in TOD.
Full articleSummary: Stocks jumped Friday as Big Tech names rallied on strong earnings and traders pored through fresh U.S. inflation data. S&P 500 and Nasdaq Composite notched their best week since November. Robust results from Alphabet and Microsoft drove the market higher. The upcoming earnings season and Federal Reserve's rate decision are key focuses.
Full articleSummary: Unique Wealth Strategies LLC acquired a new stake in Salesforce, Inc. and multiple other hedge funds made changes to their positions. Insiders have sold a significant amount of company stock recently. Analyst ratings on CRM have been positive with a consensus rating of 'Moderate Buy'. Salesforce stock traded up 0.4% recently.
Full articleSummary: Apple is reportedly seeking a big tech partner to enhance its artificial intelligence offerings for iPhone, with discussions involving OpenAI and potential partnership with Google. The Cupertino company's AI ambitions seem to have slowed down in recent years, prompting the search for external collaborations.
Full articleSummary: Deere (DE) closed the latest trading day lower than the S&P 500 and the Nasdaq, showing a -0.19% change. Analysts expect decreased EPS and revenue in the upcoming earnings disclosure. The Zacks Consensus Estimates indicate a drop in earnings and revenue for the full year. Deere presently has a Zacks Rank of #3 (Hold), slightly lower than the industry's average Forward P/E and PEG ratios.
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