Summary: Philip Morris International (NYSE:PM) had its target price raised by Stifel Nicolaus from $108.00 to $115.00 with a buy rating. The company reported strong quarterly earnings exceeding expectations and announced a dividend of $1.30 per share. Insiders have been actively selling shares recently, while institutional investors have been acquiring new positions.
Full articleSummary: An electronics store in Japan is selling Intel CPUs from a Gacha machine for a cheap price, offering a chance to purchase faulty chips at a significant discount compared to retail prices.
Full articleSummary: Meta's Head of AR Glasses Hardware claims that trying Meta's AR glasses is just as mindblowing as trying good VR for the first time. The company has been working on AR glasses for eight years and reportedly plans to bring a downgraded version of the glasses with LCoS displays and glass waveguides to market in 2027.
Full articleSummary: Chevron and ExxonMobil are expected to report lower first-quarter profits due to falling natural gas prices and lower refining margins despite higher oil prices. Analysts expect declining profits in the coming quarters even with oil prices expected to remain above $80.
Full articleSummary: The article evaluates Ford (NYSE: F) stock and discusses whether investors should buy it based on a comparison with other recommended stocks by The Motley Fool. Ford Motor Company did not make it into the list of the 10 best stocks, which could potentially yield high returns in the future.
Full articleSummary: Analyst Colin Sebastian reiterated a bullish stance on CRM stock, citing strategic acquisitions, industry trends favoring cloud software, and potential growth opportunities.
Full articleSummary: Citigroup dropped its target price on Akamai Technologies from $140.00 to $117.00 with a 'neutral' rating, suggesting a potential upside of 15.07%. Multiple brokerages have issued ratings on AKAM, with a consensus of 'Moderate Buy' and an average price target of $121.60.
Full articleSummary: Apple, Amazon, and Nvidia are set to report Q1 results soon, while Microsoft and Alphabet's reports are well-received by investors. Meta's strong Q1 results are overshadowed by concerns about increased capital expenditures for AI. Tesla continues to underperform with deteriorating earnings outlook.
Full articleSummary: Members of Congress are favoring AMD (Advanced Micro Devices) over Nvidia for AI chip investments. AMD has introduced new AI chips and is positioned to take market share from Nvidia. Some analysts believe AMD could grow faster over the next five years and offer a more attractive alternative for AI chip buyers.
Full articleSummary: Chevron's Permian Basin production in Q1 was slightly down from Q4 2023, but CEO Mike Wirth anticipates less than 2% decline in H2 2024 and an exit at higher levels by the end of the year. ExxonMobil's Guyana fields are producing above 600,000 boe/d, with Payara boosting total production. Furthermore, Guyana's first gas-to-power project is expected to begin delivering gas by the end of 2024.
Full articleSummary: A new research publication by Advance Market Analytics highlights the growth opportunities in the global AR Gaming market, driven by increasing R&D spending worldwide, with major players like Google, Sony, Apple, Honeywell, and Tunstall Healthcare participating in the market.
Full articleSummary: Tesla stock has seen a 22% boom since Monday despite poor sales and dismal earnings. Elon Musk's promises on self-driving technology and new models have positively impacted the stock. NHTSA investigation of Tesla's recall of 2 million electric vehicles has introduced uncertainty.
Full articleSummary: Members of Congress are favoring Advanced Micro Devices (AMD) over Nvidia for AI stocks, citing AMD's potential to capture market share from Nvidia and its recent product releases.
Full articleSummary: Wedbush lowered their Q4 2024 earnings per share estimates for PepsiCo, anticipating $2.00 per share instead of the previous forecast of $2.01. Jefferies Financial Group gave PepsiCo a 'buy' rating with a price target of $209.00. The company recently declared a quarterly dividend of $1.265 per share.
Full articleSummary: Apple is in discussions with OpenAI to use generative AI technology for new features in the upcoming iPhone.
Full articleSummary: Aew Capital Management L P reduced its stake in Simon Property Group, Inc. by 1.8% during the 4th quarter, while also being the 16th largest holder of the stock. Other large investors have recently made changes to their positions in SPG. Simon Property Group declared a quarterly dividend increase and announced a $2 billion share repurchase plan.
Full articleSummary: Fitch Ratings joins S&P and Moody's in taking a pessimistic stance on Boeing Co., lowering outlook to negative due to execution risks and cash flow concerns. Boeing burned through $3.9 billion in Q1 and is predicted to use more cash this quarter.
Full articleSummary: International Assets Investment Management LLC purchased 31,125 shares of BlackRock Energy and Resources Trust in the 4th quarter. Several other hedge funds also increased their stakes in the company during the 3rd quarter. The company recently announced a monthly dividend.
Full articleSummary: Congresswoman Norma Torres requests Boeing CEO to testify regarding aircraft safety incidents and urges House Leadership to seek answers from him.
Full articleSummary: Guy M. Erwin II has been appointed as the Interim Principal Accounting Officer of FedEx Corporation starting from October 21, 2023, and will officially be the Corporate Vice President ? Chief Accounting Officer effective May 1, 2024.
Full articleSummary: Analysts suggest major oil companies like Exxon Mobil and Chevron will need to maintain cost efficiency and production levels amidst decreasing energy prices. Both companies reported lower first-quarter profits due to natural-gas price drops and refining margin reductions, signaling a shift from their record-setting performances. Exxon's earnings fell 28%, missing estimates by 6%, while Chevron's profits were down 16% but surpassed analyst expectations by 2%.
Full articleSummary: UBS Group increased the target price for RTX stock from $103.00 to $105.00, maintaining a neutral rating. Various research firms have given different ratings and price targets for RTX stock. RTX reported better-than-expected quarterly earnings, with a return on equity of 10.81% and a net margin of 4.90%.
Full articleSummary: Intel's earnings report beats estimates but guidance for the next quarter is lower, investors seem to be losing confidence. The stock is breaking into bear market territory. Analysts believe it is a 'turnaround candidate.'
Full articleSummary: Fitch Ratings lowered outlook on Boeing Co.'s rating to negative, following S&P Global Ratings and Moody's downgrades.
Full articleSummary: Shares of IBM slumped after reporting first-quarter results slightly below expectations, primarily due to weaker consulting business performance. However, IBM saw growth in overall revenue, free cash flow, profit margins, and software revenue driven by Red Hat and AI.
Full articleSummary: Apple is in discussions with OpenAI and Google to bring generative AI capabilities, potentially for a chatbot-like feature in iOS 18. Apple is also developing an on-device large language model. The company could reach agreements with both OpenAI and Google or choose one vendor for the chatbot.
Full articleSummary: Intel falls as AI competition hurts forecast with lower-than-expected revenue guidance for the second quarter.
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