Summary: Meta Platforms (META) reported strong Q1 results with revenue climbing 27%, net income doubling, and $12.5 billion in free cash flow. Despite this, the stock fell over 10% due to light Q2 revenue guidance and increased expense expectations for the year.
Full articleSummary: Nvidia's forward P/E has declined due to EPS estimates increasing rapidly, while Micron Technology Inc. ranks low despite a low forward P/E because of negative EPS a year ago. Nvidia is considered to be on the early part of its growth trajectory, especially in AI technology.
Full articleSummary: Semiconductor stocks see a price decline in April but are projected to rally in May. The PHLX Semiconductor Index trades at a forward P/E ratio of 27.8, which is higher compared to the S&P 500. The semiconductor group's anticipated 2-year estimated sales and EPS compound annual growth rates (CAGR) through 2025 are 9.5% and 20.3% respectively.
Full articleSummary: Microsoft released a new open-source security tool called ICSpector to enhance threat analysis for industrial control systems. The tool can detect malicious modifications, extract timestamps of changes, and provide an execution flow overview of tasks for PLCs.
Full articleSummary: Bristol-Myers Squibb hit a new 52-week low during trading with a volume of 11733400 shares, while the company reported positive earnings results beating consensus estimates and declared a quarterly dividend.
Full articleSummary: Ethan Mollick, a leading AI expert, criticizes Microsoft Copilot and Google Gemini, stating that Copilot automates middle management and Gemini makes surveillance easier.
Full articleSummary: Meta (formerly Facebook) reported better-than-expected revenue this quarter, increasing 27% year over year, but lost $200 billion in value due to concerns over future growth potentially slowed by increased investments in AI.
Full articleSummary: GE Aerospace(NYSE: GE) received upgrades following its strong first-quarter earnings report, with a raised price target. The company's broad-based exposure in aircraft assets and aftermarket revenue generation is seen as a positive factor.
Full articleSummary: Nvidia will greenlight GPUs for tiny SFF gaming PCs.
Full articleSummary: BlackRock MuniYield Pennsylvania Quality Fund stock passed above its 200-day moving average during trading and trading at $12.00 with a high of $12.22. The fund also announced a monthly dividend of $0.048, yielding 4.80%. Major shareholder Saba Capital Management, L.P. acquired 17,455 shares of the company's stock.
Full articleSummary: Booking Holdings Inc. (NASDAQ:BKNG) has received a consensus rating of 'Moderate Buy' from analysts, with a target price of $3,723.41. Recent reports have seen an increase in target prices by various brokerages and a positive price movement of 0.5% in Booking stock.
Full articleSummary: Bank of New York Mellon Co. (NYSE:BK) has received a 'Moderate Buy' rating from nine analysts with an average 12 month target price of $60.17. Recent price target upgrades and slight stock price increase were reported. The company also announced a quarterly dividend and insider transactions.
Full articleSummary: BlackRock MuniYield Quality Fund III experienced a significant growth in short interest in April, along with a flat stock price and announcement of a monthly dividend. Institutional investors have been adjusting their stakes in the company recently.
Full articleSummary: StockNews.com has upgraded shares of Gilead Sciences from a buy rating to a strong-buy rating based on a recent research report. Several other analysts have provided mixed ratings on the stock, with an average price target of $83.87. GILD also reported its quarterly earnings data, beating the consensus estimate. The company also declared a dividend and announced insider transactions as well as institutional investor activities.
Full articleSummary: Chevron-led Tengizchevroil joint venture completes first phase of Tengiz oil field expansion in Kazakhstan, adding 260,000 barrels per day of production by mid-2025.
Full articleSummary: Boeing lays off dozens at Michoud facility due to Artemis program delays.
Full articleSummary: Colgate-Palmolive Company (NYSE: CL) reported strong first-quarter 2024 results with both top and bottom lines beating the Zacks Consensus Estimate, driven by improved organic volume performance and gross and operating profit margin expansions.
Full articleSummary: Increased spending on data center hardware to support AI initiatives by tech giants like Microsoft and Google, as well as other companies like Meta Platforms and Tesla, has caused a surge in AI stocks including Nvidia, Super Micro Computer, AMD, Broadcom, and Marvell Technology.
Full articleSummary: Colgate-Palmolive reported first-quarter 2024 results beating estimates, with top and bottom lines improving year over year. The company saw strong growth in sales, profit margins, and operating profit. Shares of Colgate rallied 1.7% in pre-market trading.
Full articleSummary: Medtronic plc receives FDA approval for the Inceptiv closed-loop rechargeable spinal cord stimulator (SCS) for the treatment of chronic pain, offering innovative features and benefits for patients.
Full articleSummary: Cooke & Bieler LP decreased its holdings in JPMorgan Chase & Co. by 2.9% in the 4th quarter, several other hedge funds and institutional investors also made changes to their positions in JPM, shareholders to receive an increased quarterly dividend, insider activity including shares sold by General Counsel and Vice Chairman.
Full articleSummary: AbbVie (NYSE:ABBV) stock sank after the company reported a decline in sales of its blockbuster drug, Humira, due to competition from biosimilars offered by Cigna's Evernorth.
Full articleSummary: Chevron Corp. surpassed expectations for a second straight quarter, with strong oil-production growth helping them benefit from crude prices above $80 a barrel. The company's adjusted first-quarter profit was higher than analyst estimates and crude-oil production exceeded forecasts.
Full articleSummary: Cwm LLC and several other large investors increased their positions in FedEx Co. during the fourth quarter, while insiders have been actively buying and selling shares. FedEx also announced a share repurchase program and paid a quarterly dividend. Recent analyst reports have provided target price updates and ratings for FedEx stock.
Full articleSummary: Pfizer's Beqvez shown to be more effective in preventing bleeding among adults with hemophilia B in a clinical trial
Full articleSummary: US asset managers considering investing billions of euro to fund Intel's semiconductor facility in Ireland, with the potential joint venture including debt raising several billions.
Full articleSummary: Gilead Sciences, Inc. shares hit a new 52-week low on Thursday following various analyst downgrades and price target reductions, despite beating earnings estimates for the quarter. The company also increased its dividend, and there was insider selling activity. Several institutional investors made changes to their positions in GILD.
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