Summary: Alphabet and Microsoft stocks surged on Friday following strong earnings reports driven by significant AI investments, contrasting with a soft forecast from Meta Platforms. Microsoft's quarterly revenue growth was boosted by AI services, while Alphabet exceeded expectations with robust growth in cloud revenue and Google Workspace. The positive results also fueled optimism in AI chip stocks like Nvidia, Broadcom, and Marvell Technology.
Full articleSummary: Equities research analysts at William Blair increased their FY2024 EPS estimates for shares of Danaher, several other research firms also raised their price targets and ratings for Danaher stock, the conglomerate recently announced a dividend increase.
Full articleSummary: Big Tech trade is back on as Microsoft and Alphabet beat expectations with strong AI revenue, leading to a rally in their stock prices and positive outlook for the sector.
Full articleSummary: Google is asking a federal court to reject the U.S. government lawsuit alleging anticompetitive practices in online advertising. The trial is scheduled for September before U.S. District Judge Leonie Brinkema in Virginia federal court.
Full articleSummary: Truist Financial Corp lowered its stake in Amgen Inc. by 11.9% during the 4th quarter. Other institutional investors have also made changes to their positions. Several analysts have provided ratings for AMGN shares. The company recently disclosed a quarterly dividend. Amgen Inc. reported positive earnings per share for the quarter.
Full articleSummary: Truist Financial Corp decreased its stake in Philip Morris International Inc. by 4.7% in the fourth quarter, selling over 98,000 shares. Various other institutional investors also adjusted their holdings of PM. PM stock traded down 1.2% on Friday, closing at $94.97.
Full articleSummary: Nike is bringing back its most sought-after and iconic sneaker models through the Cult Classics program, including the Air Max 90 'Reverse Duck Camo' and various Dunk Low releases.
Full articleSummary: Boeing has closed a deal with aero supplier GKN Aerospace and its parent company Melrose Industries for a plant in St. Louis, transitioning operations to Boeing and hiring GKN's workforce of about 550 people.
Full articleSummary: Republic First Bancorp, a regional lender, was acquired by Fulton Financial Corp after facing struggles under higher interest rates. Fulton Bank acquired assets and deposits of Republic First through an auction run by the FDIC.
Full articleSummary: Gilead Sciences' hepatitis C drug Harvoni endorsed for use on the state health service in Britain at a significantly lower cost than in the United States, sparking controversy over high pricing.
Full articleSummary: Starbucks and Workers United made significant progress in collective bargaining negotiations.
Full articleSummary: Ishajaya Technology partners with Salesforce to offer CRM solutions to companies in Brunei Darussalam, aiming to drive digital transformation and enhance customer relationships.
Full articleSummary: A team inside Google's moonshot factory was developing a revolutionary hearing device named Wolverine, which led to the formation of a startup named Iyo, aiming to ship its first product by the end of the year. Iyo has raised $21 million in funding and plans to release two devices focusing on human-computer interface and AI agents.
Full articleSummary: Alphabet Inc. approved a $70 billion share repurchase program and its first-ever quarterly dividend of $0.20 per share.
Full articleSummary: Meta Platforms, Inc. (NASDAQ:META) reported Q1 2024 earnings with a beat in earnings expectations, reporting EPS of $4.71 compared to the expected $4.32. The company highlighted strong growth in the US, particularly in WhatsApp, and emphasized advancements in AI and Metaverse efforts.
Full articleSummary: Cisco Systems (CSCO) closed at $47.86, marking a -0.5% move from the previous day, with upcoming earnings disclosure predictions of decline in EPS and revenue. Recent revisions in analyst estimates reflect a Zacks Rank of #4 (Sell) for the stock. Cisco Systems is currently trading at a discount compared to its industry peers.
Full articleSummary: Alphabet Inc. closed above a $2 trillion market capitalization for the first time after a powerful earnings report, with its stock rising 10% in a single day.
Full articleSummary: Stock Options Channel highlighted new put and call options available for Pfizer Inc, with potential yields and chances of expiring worthless. These options include a put at $25.00 strike price with a bid of 73 cents and a call at $26.00 strike price with a bid of 58 cents.
Full articleSummary: Cristiano Ronaldo's actions of removing Coca Cola bottles and promoting water over fizzy drinks at a press conference caused a 1.6% drop in Coca Cola's shares, leading to a loss of approximately 4 billion US dollars, affecting the company's market capitalization value.
Full articleSummary: The only Starbucks location in Trenton, New Jersey is closing its doors on April 27 despite efforts from officials and the community to keep it open.
Full articleSummary: Boeing is set to carry astronauts into space with its Starliner capsule after overcoming delays and technical issues. NASA astronauts scheduled to launch in early May are currently undergoing final preparations for this debut crewed flight.
Full articleSummary: Tools for Humanity, el proyecto Worldcoin dirigido por Alex Blania, está en conversaciones preliminares para posibles alianzas con PayPal y OpenAI. También están próximos a lanzar su propia red Blockchain, World Chain, para casos de uso de verificación de identidad y token WLD.
Full articleSummary: Exxon Mobil (NYSE:XOM) reported results for the first quarter of 2024.
Full articleSummary: Apple's 13-inch MacBook Air with the M3 chip is on sale for an all-time low of $989 at Amazon while supplies last. Other models are also on sale with various configurations available.
Full articleSummary: Oracle, originally headquartered in California, will be moving its Corporate Headquarters from Austin, Texas to Nashville, Tennessee, with a strategic focus on expanding into the healthcare industry. The move is also financially incentivized by around $250 million in tax breaks from Nashville and Tennessee.
Full articleSummary: Intel's shares fell 8% after reporting first quarter results and second quarter guidance short of expectations due to a wafer supply issue and soft demand from customers. The company expects a difficult road ahead as it transitions through a multi-year phase involving high capital intensity and several design roadmap changes. Despite some wins, the tepid guidance led to a bearish sentiment among analysts.
Full articleSummary: Tech companies like Microsoft and Alphabet saw their shares rise significantly after reporting strong quarterly results, while Snap also experienced a surge in its stock price. On the other hand, Intel's shares dropped due to weaker-than-expected financial results.
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