Summary: 1. Equities research analysts at William Blair increased their FY2024 earnings per share estimates for Danaher. 2. Several other analysts have also raised target prices and ratings for Danaher stock. 3. Danaher reported earnings per share of $1.92 for the quarter, beating consensus estimates.
Full articleSummary: IBM reported first-quarter results slightly below expectations but had more positive points overall, including revenue growth in constant currency, improvement in profit margins, and success in AI-related projects. The weaker point was the consulting business, facing pressure in discretionary projects and backlog translation into revenue.
Full articleSummary: Charter Communications missed profit estimates due to a loss of 72,000 internet customers in the first quarter, compared to estimates of 56,940 internet customers.
Full articleSummary: Former Trump allies are working on policies that could make the Federal Reserve less independent if Trump were reelected, including consulting Trump on interest rate decisions, allowing White House to review Fed regulatory proposals, and giving more power to the U.S. Department of the Treasury over the Fed. Some Republican lawmakers oppose the idea, emphasizing the importance of the Fed's independence. The Fed has faced criticism for raising interest rates amidst high inflation, with Trump previously criticizing interest rate policies during his first term.
Full articleSummary: Medtronic plc received FDA approval for its Inceptiv™ closed-loop rechargeable spinal cord stimulator (SCS) for the treatment of chronic pain, offering a new feature that senses biological signals and automatically adjusts stimulation in real time. The device is designed to provide personalized and effective relief for patients without compromising future access to MRI scans and is expected to be launched in the U.S. market soon.
Full articleSummary: Google is investing $1 billion in expanding its Virginia data center campuses, creating new jobs and supporting economic activity. Among the investments is a $75 million AI Opportunity Fund to upskill individuals. The company plans to run its data centers entirely on carbon-free energy by 2030.
Full articleSummary: Raymond James Financial Services Advisors Inc. purchased a new position in BNY Mellon Strategic Municipal Bond Fund, Inc. in the 4th quarter. Other hedge funds and institutional investors have also modified their holdings by acquiring more shares. BNY Mellon Strategic Municipal Bond Fund announced a monthly dividend with a dividend yield of 3.88%.
Full articleSummary: Comcast (NASDAQ:CMCSA) reported Q1 earnings, beating estimates on both top and bottom line, yet the stock fell 6% in one day due to concerns over decline in cable and media businesses and other factors. The company showed growth in broadband and wireless subscribers, as well as in its streaming service Peacock. Bears highlight challenges including broadband customer losses and Peacock's adjusted EBITDA loss.
Full articleSummary: Alphabet and Microsoft reported stellar earnings propelled by AI investments, witnessing significant stock price surges and revenue growth, in contrast to Meta Platforms' disappointing forecast.
Full articleSummary: Analysts provided new ratings for Union Pacific (UNP) and Waste Management (WM) stocks. Union Pacific received a Buy rating with a price target of $273.00, while Waste Management was rated a Hold with a price target of $214.00.
Full articleSummary: Morgan Stanley analyst Ravi Shanker maintained a Hold rating on Union Pacific with a price target of $210.00, while Stifel Nicolaus also maintained a Hold rating with a $248.00 price target. Union Pacific has an analyst consensus of Moderate Buy with a price target consensus of $263.50.
Full articleSummary: Analysts gave neutral ratings on Edwards Lifesciences (EW) and Gilead Sciences (GILD), with experts neither bullish nor bearish on the stocks. Evercore ISI analyst Vijay Kumar maintained a Hold rating on EW with a price target of $89.00, while Morgan Stanley analyst Terence Flynn maintained a Hold rating on GILD with a price target of $78.00.
Full articleSummary: Oracle partners with NVIDIA to offer end-to-end, cloud-based AI software platform to government customers for developing secure deep learning workloads.
Full articleSummary: AMD has made its latest mid-range graphics card, RX 7900 GRE, available worldwide, offering phenomenal performance and value for its price tag. It outperforms Nvidia's RTX 4070 in various benchmarks, including gaming performance.
Full articleSummary: Intel's upcoming Lunar Lake 'Core Ultra 200V' CPU has been spotted in an HP Spectre x360 laptop, showcasing strong Battlemage Arc iGPU performance.
Full articleSummary: The US FDA has approved Pfizer's gene therapy, Beqvez, for haemophilia B, priced at $3.5 million, with the aim of stimulating production of the clotting protein factor IX by the patient's body, potentially replacing regular infusions. The therapy is the second of its kind for the rare bleeding disorder, prevalent more in males.
Full articleSummary: Walgreens is launching 'Walgreens Specialty Pharmacy,' a $25B initiative aimed to expand access to care for patients with complex, chronic conditions while driving profitability for the company. The program offers a holistic approach with services such as gene and cell therapy, extensive network of community pharmacies, specialty-trained staff, and a wide range of medications.
Full articleSummary: Correlate Energy announces terms for its IPO, plans to raise $7 million by offering 1.2 million units with warrants attached.
Full articleSummary: Truist Financial Corp reduced its holdings in Comcast Co. by 7.1% during the 4th quarter. The cable giant's stock was owned by various institutional investors, including NewSquare Capital LLC, Tennessee Valley Asset Management Partners, Lipe & Dalton, First Personal Financial Services, and Valued Wealth Advisors. Comcast reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06.
Full articleSummary: Gilead Sciences, Inc. received FDA approval for an updated label of Biktarvy for treating pregnant people with HIV-1, incorporating data from Study 5310. The label now includes safety and efficacy data showing maintained viral suppression during pregnancy and postpartum.
Full articleSummary: Allies of Donald Trump are reportedly drafting proposals to erode the Federal Reserve's independence by installing loyalists at the central bank. The plan aims to restrict the Fed's free rein in setting monetary policy and bank regulations. Trump has already appointed four board members and elevated Jerome Powell as Fed chair.
Full articleSummary: UPS's first-quarter earnings helped restore confidence in its full-year guidance, beating expectations by reporting a 31.5% drop to $1.75 billion compared to the expected 40% decline. Management reaffirmed its full-year revenue guidance and three-year targets, emphasizing improving volume outlook and new deals like becoming the main air-cargo provider for USPS.
Full articleSummary: Portland State University students protested and demanded the school cut ties with Boeing over its weapons supply to the U.S. military and Israel. Amid nationwide protests, PSU's president announced a pause in the relationship with Boeing, inviting debate on the matter.
Full articleSummary: Pfizer gains FDA approval for gene therapy treatment for hemophilia B, with a $3.5 million price tag, causing its stock to move up 15 cents to $25.40.
Full articleSummary: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock surged by double digits after beating Q1 earnings estimates and announcing its first-ever dividend, resulting in a 10.1% increase in stock price and surpassing a $2 trillion market cap milestone.
Full articleSummary: Exxon Mobil (NYSE:XOM) management has stated they are not interested in acquiring Hess (HES), focusing on low-cost assets like Guyana instead. The company aims to reduce corporate breakeven costs and increase profitability through competitive advantage projects and cost cuts. Exxon Mobil is also venturing into technology and considers itself a technology company. The market perceives better profitability for Exxon Mobil due to its success in cost reduction projects and is positioning to respond to higher prices by increasing production.
Full articleSummary: U.S. stocks traded higher with the Dow Jones gaining over 200 points; Microsoft Corp posted strong Q3 results, shares rose more than 2%; Various stocks like Biodexa Pharmaceuticals, Snap Inc., and Universal Logistics Holdings surged, while iClick Interactive Asia Group, Nuwellis Inc., and Saia Inc. faced significant declines.
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