Summary: FedEx stock has nearly doubled over the last decade, with a $1,000 investment ten years ago now worth $1,940.45. Despite the growth, FedEx underperformed the S&P 500 during this period. The company pays dividends that have quadrupled in the last decade.
Full articleSummary: Exxon Mobil announced a quarterly dividend with a yield of 3.22%, while analysts expect the company to continue covering its dividend with an expected future payout ratio of 37.2%. Despite missing EPS estimates, the company's revenue increased and Wall Street analysts have a consensus 'Moderate Buy' rating with a price target of $132.28.
Full articleSummary: Microsoft is investing billions in AI infrastructure and technology, with a focus on cultural change to drive adoption within businesses. Despite positive investor reaction to the earnings report, challenges remain in transitioning workplaces to fully utilize AI tools.
Full articleSummary: Cisco Systems Inc. has signed the Rome Call for AI Ethics, joining other international technological actors and institutions in advocating for an ethical approach to artificial intelligence.
Full articleSummary: Disney has reignited a debate among fans as they release exclusive offerings for Pixar Fest at Disneyland Resort, prompting criticism for prioritizing that park over Walt Disney World.
Full articleSummary: ExxonMobil and Chevron reported a dip in profits due to lower refining margins and natural gas prices, with ExxonMobil's takeover of Pioneer Natural Resources on track to close before Chevron's.
Full articleSummary: Retailers like Target and Walmart are facing significant losses due to retail theft and violence, prompting a strict policy at a Target location in Washington D.C. to ban unaccompanied minors under 18. The store has also implemented measures such as locking certain departments and limiting self-checkout to customers with fewer than 10 items.
Full articleSummary: Gilead Sciences, Inc. announced a quarterly dividend increase and has increased its dividend annually for the last 9 years. The company reported earnings, beating the consensus estimate. Insider selling occurred, and analysts have mixed ratings on the stock.
Full articleSummary: FedEx's stock has nearly doubled up (94.09% growth) over the last decade with dividends also increasing. However, it underperformed the S&P 500 which saw a 169.15% increase in price over the same period. FedEx currently has a 'buy' or 'hold' rating from most analysts.
Full articleSummary: ExxonMobil reported lower first-quarter profits due to a fall in refining margins and a decline in natural gas prices, despite robust output in Guyana.
Full articleSummary: Major food and drinks companies, including Nestlé, PepsiCo, Danone, and The Coca-Cola Co., are among the top contributors to global plastic pollution, with Coca-Cola being the largest polluter followed by PepsiCo, Nestlé, and Danone. Several multinational food and beverage groups were highlighted in a study for their significant plastic waste footprint, prompting calls for improved reporting and recycling efforts.
Full articleSummary: Nestlé, PepsiCo, Danone, and The Coca-Cola Co. are among the top businesses responsible for plastic pollution globally according to a new report. These companies have been found to have high levels of production correlated with high pollution levels. The study also highlighted the need for company reporting on plastic production and the development of an international database for tracking plastic products.
Full articleSummary: Nvidia (NVDA), Datadog (DDOG), and Dell Technologies (DELL) are leading stocks to watch this week with early entry opportunities flashing as they rebound near key moving averages. Nvidia reported a 15.1% rally this week following mentions of heavy AI investments by Magnificent Seven members. Datadog surged nearly 5% and is working on the right side of a flat base while Dell Technologies soared 32% after clearing Q4 estimates and UBS hiking its price target on the stock.
Full articleSummary: Wedbush raised the price target for International Business Machines to $160.00 with a 'neutral' rating, indicating a potential downside of 4.31% from the current price. Other analysts have also provided varying ratings and price targets for IBM.
Full articleSummary: Lockheed Martin had its target price boosted by Wells Fargo & Company to $480.00 with an "equal weight" rating. Several other brokerages including JPMorgan Chase & Co. and Deutsche Bank Aktiengesellschaft also raised their target prices or ratings for the stock. Lockheed Martin reported positive quarterly earnings results.
Full articleSummary: Oracle and NVIDIA have extended their partnership to offer NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster in the Oracle U.S. Government Cloud region. This collaboration aims to assist U.S. government customers in training and deploying AI solutions with a focus on security, sovereignty, and compliance.
Full articleSummary: Microsoft's Azure cloud-computing business is facing capacity constraints to meet the booming artificial-intelligence demand, which could have led to even better contributions to the company's growth. Analysts are optimistic about Microsoft's potential in AI, particularly from its Copilot offerings, and see the company as uniquely positioned in the AI and cloud space.
Full articleSummary: Meta introduces new AI feature powered by Meta Llama 3 for real-time assistance across its apps but users express frustration as it cannot be turned off. The AI feature offers various functionalities including conversation, creative ideas, dialogue and scripts generation, general knowledge, jokes, language translation, math calculations, summarization, word games, and writing assistance. Users are disappointed as there is currently no option to disable Meta AI.
Full articleSummary: Intel (INTC) faced selling pressure as its stock fell 8% due to first quarter results and second quarter guidance coming below consensus. The company's cautious outlook was attributed to a wafer supply issue and demand softness from customers. Despite showcasing AI-focused products and receiving grants, analysts express concerns about Intel's multi-year transition phase.
Full articleSummary: Meta Platforms (NASDAQ: META) shares fell over 10% after reporting its first-quarter earnings, despite positive results. Investors were concerned about the company's light second-quarter revenue guidance and increased expense expectations for the year due to higher infrastructure and legal costs. However, Meta's first-quarter results showed strong revenue growth and doubled net income, with a solid start to the year.
Full articleSummary: The U.S. government's auto safety agency is investigating whether Tesla's Autopilot system recall was effective in ensuring drivers pay attention to the road, following 20 crashes post-recall. Safety advocates have questioned the system's use outside limited access highways due to recent incidents. Authorities are also investigating a fatal crash involving a Tesla operating on Autopilot that hit and killed a motorcyclist in Washington state.
Full articleSummary: Exxon Mobil reported a decrease in earnings for Q1 2014 compared to a year ago, while making investments in renewable energy technologies. The company also plans to maintain capital expenditures at $20-25 billion per year over the next 5 years to reduce carbon emissions. Exxon is in the process of acquiring Pioneer Natural Resources for $60 billion.
Full articleSummary: Nvidia stock may be vulnerable to a sell-off due to high expectations for AI. Instead of Nvidia, investing in healthcare stocks like Eli Lilly (LLY), Novo Nordisk (NVO), and UnitedHealth Group (UNH) may be more attractive due to their growth potential.
Full articleSummary: Canadian and Quebec governments are investing close to $100 million into semiconductor manufacturing, aiming to boost domestic production of semiconductors and create 280 new jobs. Critics argue that such government handouts simply subsidize the profits of deep-pocketed companies like IBM.
Full articleSummary: Equities research analysts at Capital One Financial lowered Q2 2024 earnings per share estimates for Matador Resources. The company reported $1.71 EPS for the quarter, beating analysts' estimates.
Full articleSummary: Russell Investments Group Ltd. increased its stake in Danaher Co. by 12.1% during the 4th quarter, and other hedge funds have also modified their holdings of the company. In related news, the company recently announced an increase in its quarterly dividend. Several research firms have raised their target prices on Danaher stock and provided ratings, with an average rating of Moderate Buy. Insider buying and selling activities have been reported within the company.
Full articleSummary: Alphabet reported impressive first quarter 2024 results with revenue up 15%, net income up 57%, and profit margin increasing to 29%. The company's revenue and earnings surpassed analyst expectations. The stock is up 12% from a week ago.
Full article