Summary: Lowe's (LOW) stock closed at $207.12, up 1.5% from the previous session, outpacing market indices. Analysts expect EPS of $3.51 and revenue of $21.73 billion for its next earnings release on May 23, 2023. Lowe's has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 14.86.
Full articleSummary: Google is reportedly in talks with Apple to place its own artificial intelligence on Apple devices, potentially entrenching Google's search monopoly and steering the development of consumer-facing AI. Fiona Scott Morton and David Dinielli provide a menu of steps the government could take to thwart Google's anticompetitive strategy and preserve competition in AI. They emphasize the importance of historical antitrust cases in fostering innovation in frontier technologies.
Full articleSummary: Oracle and NVIDIA collaborate to make NVIDIA AI Enterprise available on Oracle Cloud Infrastructure Supercluster in the U.S. Government Cloud region, providing secure and sovereign AI solutions for government customers. This collaboration helps address security, digital sovereignty, and compliance requirements for the development and deployment of enterprise AI solutions.
Full articleSummary: Tech companies are heavily investing in A.I. infrastructure, such as data centers and supercomputers, with billions of dollars being spent to support the industry's A.I. boom.
Full articleSummary: 6 dividend stocks received bullish analyst ratings and price target hikes, offering yields ranging from 2.30% to 7.57%. Analysts are optimistic about Newmont Corporation, Regions Financial Corporation, Citizens Financial Group, Juniper Networks, Columbia Banking System, and Dow Inc.
Full articleSummary: NVIDIA is acquiring Run:ai to enhance AI computing resource utilization by providing advanced workload management and orchestration software. Run:ai's platform supports management of data-center-scale GPU clusters and will be integrated with NVIDIA's existing products like DGX Cloud for optimized generative AI performance.
Full articleSummary: Apple is in talks with OpenAI and Google to bring AI to the next iPhone. iPhone 16 expected to be released this fall. Tim Cook has teased big plans for AI this year.
Full articleSummary: Russell Investments Group Ltd. reduced its stake in Home Depot by 1.3% during the fourth quarter. Several other institutional investors also adjusted their positions in Home Depot. Wall Street analysts have provided various ratings for the stock, with an average 'Moderate Buy' rating and a consensus target price of $375.96. Insiders, including CEO Edward P. Decker and EVP Timothy A. Hourigan, have recently sold shares of the company. Home Depot recently increased its quarterly dividend to $2.25 per share.
Full articleSummary: Unique Wealth Strategies LLC purchased a new stake in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, other institutional investors also increased their holdings. Starbucks trading up 0.5%. The company recently declared a quarterly dividend and its CEO sold some stock shares. Several Wall Street analysts have provided their ratings and price targets for Starbucks stock.
Full articleSummary: Intel issues a statement regarding stability problems with their 13th Generation Raptor Lake and 14th Generation Raptor Lake Refresh chips due to motherboard manufacturers using over-aggressive voltages for overclocking, prompting Intel to urge manufacturers to provide default BIOS profiles that match Intel's recommended settings.
Full articleSummary: Allspring Global Investments Holdings LLC reduced its stake in BlackRock Taxable Municipal Bond Trust by 5.4% in the fourth quarter. The company sold 1,145 shares and now owns 20,035 shares valued at $326,000. Other institutional investors have also made changes to their stakes in the company.
Full articleSummary: BioMarin Pharmaceutical had its price target boosted by Wells Fargo & Company to $110.00 with an 'overweight' rating, indicating a potential upside of 35.95%. The average target price is $107.50 with 'Moderate Buy' rating. Insider transactions and institutional inflows/outflows are reported.
Full articleSummary: Microsoft announced a partnership with Coca-Cola to experiment with AI in cloud-based productivity software leading to a rise in stock by 2%. Alphabet also saw a 10% rise as investors took notice of its AI growth potential. Tesla presented bullish plans for fully autonomous vehicles and AI computing using parked Teslas.
Full articleSummary: Fool.com contributor evaluates Ford (NYSE: F) stock and discusses whether investors should buy it. The Motley Fool Stock Advisor team did not include Ford in their list of 10 best stocks for investors to buy now.
Full articleSummary: Intact Investment Management Inc. increased its position in Pfizer by 30.9% during the fourth quarter according to its recent filing with the SEC. Several other institutional investors also made changes to their positions in PFE. Pfizer's trading saw a 0.6% increase. Pfizer announced a quarterly dividend payment. Wall Street analysts have a mix of hold and buy ratings for Pfizer.
Full articleSummary: Meta Platforms (NASDAQ: META) experienced strong first-quarter earnings with revenue jumping 27% to $36.5 billion and GAAP earnings per share rising 114% to $4.71. However, the stock plunged 15% after hours due to modest guidance for the second quarter and higher expense and capital expenditure forecasts for the year.
Full articleSummary: Citizens Financial Group Inc. RI raised its stake in Exxon Mobil by 7.2% in the fourth quarter, with their holdings now totaling $28,342,000. Additionally, various other institutional investors have also made changes to their positions in Exxon Mobil. Wall Street analysts have recently given Exxon Mobil a mix of 'buy' and 'neutral' ratings with an average price target of $132.28. However, Exxon Mobil's stock traded down 2.8% on Friday, reaching $117.96.
Full articleSummary: JP Morgan upgraded their outlook for Dow (NYSE:DOW) from Neutral to Overweight. Analyst Price Forecast Suggests 4.88% Upside. The company declared a regular quarterly dividend of $0.70 per share. Total shares owned by institutions decreased in the last three months by 32.25% to 324,680K shares.
Full articleSummary: Bahl & Gaynor Inc. reduced its holdings in American Tower Co. by 48.8% during the 4th quarter, while other large investors increased their stakes. The stock also experienced a 0.7% decrease, and the company cut its dividend. Analysts have issued various ratings on AMT, with an average rating of 'Moderate Buy' and a consensus target price of $217.36.
Full articleSummary: Apple is offering a $100 discount on the Apple Watch Series 9 (GPS, 41mm) at Amazon, making it 25% off the original price. The Series 9 features the S9 chip, a vibrant display, and allows users to interact without touching the screen. It offers extensive exercise tracking, is water-resistant up to 50 meters, and has health features like heart rate monitoring, temperature sensing, and sleep tracking.
Full articleSummary: Truist Financial Corp lowered its stake in Bristol-Myers Squibb by 31.6% during the fourth quarter. Several other hedge funds also adjusted their stakes in BMY. Bristol-Myers Squibb announced a quarterly dividend of $0.60 per share with a dividend yield of 5.35%. Analyst rating changes include downgrades to 'neutral' and 'hold', and one up downgrade to 'buy'.
Full articleSummary: K.J. Harrison & Partners Inc reduced its position in Colgate-Palmolive by 75.2%, several other hedge funds have also adjusted their stakes in the company. Insiders at Colgate-Palmolive have been actively buying and selling company stock. The company recently reported strong earnings results exceeding analyst expectations and also increased its dividend. Analysts have set new price targets for Colgate-Palmolive, with most giving a positive rating to the stock.
Full articleSummary: Truist Financial Corp decreased its holdings in Medtronic by 16.5% during the fourth quarter, selling 196,858 shares. Other hedge funds also made significant modifications to their holdings of Medtronic.
Full articleSummary: Boeing faced another report of a plane having mechanical failures, including one on a 767-300 in Delta's service since 1990. However, there is optimism as Boeing's Defense unit is showing growth, bringing in almost $7 billion in revenue for the first quarter.
Full articleSummary: Intel's AI-powered personal computers (PCs) with AI acceleration capabilities integrated across CPU, GPU, and NPU architectures offer limitless possibilities in tasks formerly considered science fiction. Intel's collaboration with over 100 independent software vendors (ISVs) and more than 300 AI-accelerated features tailored for AI PCs is driving this transformative shift in computing paradigms.
Full articleSummary: The Coca-Cola Company and Coca-Cola HBC Ireland/Northern Ireland have launched the 2024 Coca-Cola Thank You Fund, supporting non-profit groups empowering young people through learning and sustainable development. The fund aims to award €200,000 to such organizations, encouraging applications till May 24th. Previous recipients include Childhood Development Initiative CLG, Depaul, Northside Partnership, and Pocket Forests.
Full articleSummary: The National Highway Traffic Safety Administration is again investigating Tesla Inc.'s Autopilot system, this time over concerns regarding a fix deployed in December not being sufficient to prevent misuse. This has led to a query opened by the agency due to 20 crashes involving vehicles that received Tesla's software update.
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