Summary: Bank of New York Mellon has received a 'Moderate Buy' recommendation from analysts. The stock has a 1-year target price of $60.17, with buy ratings from five analysts. Recent insider transactions include sales by VP Catherine Keating and EVP J Kevin Mccarthy. Several hedge funds have modified their holdings of the stock.
Full articleSummary: Gilead Sciences was upgraded by analysts at StockNews.com from a 'buy' rating to a 'strong-buy' rating. Analysts have given varied ratings to the company, with a consensus 'hold' rating. The company recently reported earnings, beating estimates, and its stock closed at $65.42 on Friday.
Full articleSummary: Ford Motor Co. delays rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup due to slowing U.S. electric vehicle sales. The company expects to offer hybrid versions of all its gasoline passenger vehicles by the end of the decade in North America.
Full articleSummary: U.S. banking giants, led by JPMorgan Chase, performed well in the first quarter with strong revenue growth in investment banking and capital markets trading. Larger banks were able to offset declining net interest income with other revenue sources, unlike smaller regional banks. Commercial real estate market challenges have intensified for regional banks, with a significant exposure to CRE loans.
Full articleSummary: IBM to invest over C$1 billion in expanding Canadian semiconductor plant over next five years.
Full articleSummary: Food and drinks majors like Nestlé, PepsiCo, Danone, and Coca-Cola are among top companies contributing to global plastic pollution according to a recent report. The study reveals a strong correlation between high production levels and pollution.
Full articleSummary: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion. The S&P 500 was up 1.29%, Nasdaq Composite was up 2.31%. Resmed Inc and Alphabet Inc were top gainers on S&P 500, while Intel Corp was one of the top losers. Snap Inc was a top gainer on NYSE, while Destiny Tech100 Inc saw a significant loss. Chevron Corp was down after Q1 revenue miss.
Full articleSummary: Coca-Cola Europacific Partners PLC had a positive Q1 with solid top-line growth driven by volume growth of 2% and revenue per case of 3.4%. They reaffirmed their guidance for full year 2024 amidst confidence in the balance of the year. They are focusing on expanding their portfolio by adding more offerings in different categories, optimizing promotional spend, and looking to enhance their presence in away-from-home channels.
Full articleSummary: During the investor call, Charter Communications reported a slight decline in Internet customers, partially attributed to the loss of customers participating in the Affordable Connectivity Program (ACP). They expect a temporary impact on customer growth due to various factors like lower Internet sales opportunities and increased cell phone Internet competition. Additionally, the company emphasized their focus on providing value to customers and discussed their long-term growth prospects despite short-term challenges.
Full articleSummary: Kodiak Gas Services closed an under-the-radar deal to acquire CSI Compressco, reflecting a trend of E&P consolidation in the industry. This consolidation wave, driven by megadeals from major players like Exxon Mobil and Chevron, is prompting contractors to scale up to keep up with the biggest producers. The industry is seeing increased M&A activity, particularly in the OFS space, with companies like SLB, Halliburton, and Baker Hughes making strategic moves for growth.
Full articleSummary: Nvidia's share price has recovered by 15% leading analysts to speculate that AI crypto tokens may follow suit as Nvidia's strong performance is anticipated to have a positive effect, reflected by the stock rising from $756 to $880+ and adding ~$320 billion in market cap. Anticipated Q1 2024 earnings report will be released publicly on May 22.
Full articleSummary: Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November.
Full articleSummary: Alphabet and Microsoft reported positive quarterly results due to growth in AI and cloud services. Alphabet's revenue rose 15% to over $80.5 billion, exceeding expectations, while Microsoft reported a 17% year-over-year increase to $61.9 billion. Both companies highlighted the significant contribution of AI to their revenue growth.
Full articleSummary: Next week on Wall Street is jam-packed with notable events including earnings from Apple, Amazon, Eli Lilly, as well as reports from other big companies like McDonald's, Starbucks, CVS, Pfizer, and more. The week will also see a '60 Minutes' interview with Nvidia CEO Jensen Huang that could potentially move the company's stock. Jim Cramer highlighted concerns about the economy getting weaker and hopes the Federal Reserve has taken notice.
Full articleSummary: Kraft Heinz closed at $38.16, with a slight decrease of -0.55% from the previous day. The stock has gained 3.98% over the past month, outperforming the Consumer Staples sector and S&P 500. Analysts project earnings of $0.68 per share and revenue of $6.42 billion for the upcoming quarter.
Full articleSummary: Brandon Lowe is expected to be activated from the injured list on Saturday for the Rays, potentially boosting the struggling lineup.
Full articleSummary: Bank Of New York Mellon Corp insiders McCarthy J Kevin and Keating Catherine sold significant amounts of shares, leading to a decrease in their holdings. Analysts at different firms have upgraded BK stock rating, leading to a surge in stock price. Technical indicators suggest a bullish sentiment for the stock.
Full articleSummary: RTX (NYSE:RTX) continues to demonstrate strong performance with a favorable outlook on surging OE growth and potential upside through YE24.
Full articleSummary: Global markets witnessed a rally led by big tech stocks in the US, with S&P 500, Nasdaq, and Dow Jones all closing higher. European markets also posted gains, while Asian indices ended on a positive note. Indian indices, however, traded in the red due to profit booking. Crude oil prices rebounded after a losing streak.
Full articleSummary: Global markets rallied with US markets led by big tech stocks, European markets gaining momentum, and Asian indices ending positive. Indian indices traded in the red.
Full articleSummary: Philip Morris International Inc (NYSE:PM) showcases robust brand power, diversified product portfolio, financial resilience, and strategic acquisitions signaling a shift towards reduced-risk products and wellness. However, the company faces regulatory pressures and market volatility with risks from dependence on traditional tobacco products.
Full articleSummary: There were four bomb threats made against Carolina Forest High School in South Carolina this week, leading to heightened security measures. Two students are facing charges in connection with the threats. Meta, Facebook's parent company, admitted fault for spreading misinformation about the threats through its AI feature.
Full articleSummary: Alphabet's stock surged more than 10% on Friday, leading to a market capitalization of over $2 trillion, driven by better-than-expected earnings, a maiden dividend announcement, and a large stock buyback plan.
Full articleSummary: Analysts have given new ratings to Algonquin Power & Utilities (AQN), Fortis (FTS), and Atlantica Yield (AY).
Full articleSummary: The National Highway Traffic Safety Administration is investigating the adequacy of Tesla's December 2023 recall of more than 2 million vehicles to update its autopilot features after numerous crashes. Investigation includes newer models like the Tesla Cybertruck. Tesla also announced a decline in first quarter revenue and layoffs in Austin and the Bay Area.
Full articleSummary: Dow Inc (NYSE:DOW) revealed its 10-Q filing for Q1 2024, showcasing financial recovery and strategic market positioning through financial resilience and innovation. Despite strengths, it faces weaknesses in cost pressures and competitive dynamics. Opportunities include growth investments and sustainability initiatives, while threats encompass economic sensitivity and regulatory risks.
Full articleSummary: Coca-Cola and PepsiCo identified as top contributors to global plastic pollution with Coca-Cola responsible for 11% and PepsiCo for 5% of branded plastic waste globally. Research involved over 100,000 volunteers and highlighted 56 companies responsible for more than half of the branded plastic waste.
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