Summary: Emerson Electric (EMR) stock closed at $109.89, reflecting a +0.26% change from the previous day, underperforming the S&P 500. The company is set to release earnings on May 8, 2024, with expected EPS and revenue growth from the prior year.
Full articleSummary: A Delta Airlines flight bound for Los Angeles was forced to return to New York after an emergency slide deployed shortly after take-off, leading to investigations by the Federal Aviation Administration and removal of the Boeing 767-300ER from service. This incident adds to the series of issues surrounding Boeing's aircraft, including the recent resignations of its CEO and executives, as well as a significant financial loss for the first quarter.
Full articleSummary: U.S. stock index futures rose as megacap growth shares rebounded on strong earnings from Alphabet and Microsoft, with Alphabet's announcement of dividend and buyback driving a surge in its share price. Microsoft also gained on beating estimates. Other growth stocks such as Amazon.com, Nvidia, and Meta Platforms also saw gains.
Full articleSummary: Emerson Electric (EMR) closed at $109.89, reflecting a +0.26% shift from the previous day. The company underperformed in the past month but is expected to report positive earnings and revenue growth. Analysts are making upward revisions to estimates, and EMR currently holds a Zacks Rank of #3 (Hold).
Full articleSummary: The major indexes ended Thursday's session lower due to disappointing first-quarter U.S. GDP data, but upbeat earnings reports from Microsoft and Alphabet on Friday helped stocks rebound. Alphabet, Chipotle Mexican Grill, Hasbro, Ulta Beauty, J.B. Hunt Transport Services, and International Business Machines were highlighted for being overbought or oversold based on their 14-day RSI levels.
Full articleSummary: Eli Lilly and Company shares shot up 1.5% on Friday following new price targets set by analysts and positive earnings results, with a consensus target price of $728.05. The company reported an EPS of $2.49 for the quarter, beating the consensus estimate by $0.19.
Full articleSummary: Charter Communications (NASDAQ: CHTR) saw its stock trade down by almost 2% after releasing its latest quarterly earnings report, which showed flat revenue and a net income below analyst estimates. The company's first-quarter performance was considered lackluster, and the business, being involved in cable TV, is viewed as outdated by investors.
Full articleSummary: CVS Health (CVS) closed the recent trading session at $67.18 with a -0.22% swing from the previous day. The stock underperformed compared to the S&P 500, Dow, and Nasdaq. CVS Health is expected to announce its earnings on May 1, 2024, with estimates showing a decrease in EPS from the prior year. The company holds a Zacks Rank of #4 (Sell) and is trading at a premium valuation compared to its industry.
Full articleSummary: Heineken, the biggest cider maker in Britain, has chopped down thousands of apple trees in Monmouthshire to sell the land, equivalent to 140 football pitches, causing concern among environmentalists about the impact on birds.
Full articleSummary: Salesforce, Inc. (NYSE:CRM) shares rose 1% on Friday, and there have been positive analyst ratings changes recently as well as strong stock performance and dividend announcements. Insider buying and selling activities have been notable, and hedge funds have also shown interest in the company.
Full articleSummary: GlaxoSmithKline is suing Pfizer and BioNTech over alleged infringement of multiple GSK-owned patents in the creation of mRNA vaccines for COVID-19.
Full articleSummary: Alphabet (GOOGL) reported strong first-quarter earnings with revenue beating expectations, announced its first-ever dividend and a $70 billion buyback, pushing shares to an all-time high.
Full articleSummary: Apple Inc. has renewed discussions with OpenAI about using the startup’s technology to power new features in iPhone later this year.
Full articleSummary: Oracle Corp. is leaving its downtown Bellevue office and has opted not to renew its 50,000-square-foot lease, adding to a wave of tech giants leaving the local office market.
Full articleSummary: Experts expect the Federal Reserve to hold rates steady at the upcoming meeting. Inflation remains above the Fed's 2% target rate, leading economists to suggest a higher chance of rate hikes than cuts this year.
Full articleSummary: Cisco Systems (CSCO) closed at $47.86, slightly lower than the previous day, with upcoming earnings report revealing an expected decline in EPS and revenue compared to last year. Analysts have a Sell rating on the stock due to recent revisions in estimates.
Full articleSummary: Republic First Bank has been closed by Pennsylvania state regulators, and its deposits and assets have been taken over by Fulton Bank. Republic Bank had about $6 billion in total assets and $4 billion in total deposits. This is the first US bank failure in 2024.
Full articleSummary: Republic First Bank has been closed by Pennsylvania state regulators, with its assets and deposits being assumed by Fulton Bank. The bank had about $6 billion in total assets and $4 billion in total deposits at the end of January.
Full articleSummary: US stocks rose on Friday driven by strong earnings from Alphabet and Microsoft, leading to gains in megacap growth stocks. Alphabet announced its first-ever dividend and $70 billion stock buyback plan, pushing its market value above $2 trillion.
Full articleSummary: CVS Health stock experienced a decrease of 0.22% in the recent trading session and is expected to report lower EPS and higher revenue in its upcoming earnings release on May 1, 2024. The stock currently holds a Zacks Rank of #4 (Sell) and is being traded at a premium Forward P/E ratio compared to its industry's average. The Retail - Pharmacies and Drug Stores industry, to which CVS Health belongs, has a below-average Zacks Industry Rank of 237.
Full articleSummary: Cisco Systems closed with a -0.5% move from the previous day, showing a decrease in shares over the last month. Earnings report expected on May 15, 2024, with predicted decline in both EPS and revenue compared to prior year. The Zacks Rank for Cisco Systems is a #4 (Sell) currently.
Full articleSummary: Meta Platforms will continue to invest heavily in AI infrastructure.
Full articleSummary: Medtronic USA Inc. argues that its implantable cardiac monitors are exempt from sales tax in California as they qualify as medicine under state law.
Full articleSummary: Honeywell and the Atlanta Hawks celebrated students participating in their inaugural Arena of the Future Innovation Challenge at State Farm Arena, with top three winning teams' schools awarded a total of $10,000 in prizes.
Full articleSummary: Target is now selling $28 'Perfect Pants for Spring' that are very similar to an Anthropologie style sold for over 5 times the price.
Full articleSummary: Target is offering 30% off stylish patio sets, bars, chairs and more, including a three-piece bistro set, a sleek bar, and a pair of rattan chairs. The furniture pieces are versatile enough to be brought indoors once the temperatures drop.
Full articleSummary: Alphabet announced its first-ever dividend of 20 cents a share and will continue to pay quarterly dividends going forward. This move aligns the company more with other mature industries that use dividends to signal performance and share value with investors. The trend of tech companies, like Meta, shifting towards dividends may continue.
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