Summary: PepsiCo recalls Mug Root Beer due to mislabeling, following a previous recall of Schweppes Zero Sugar Ginger Ale by FDA. The affected cases contain full sugar instead of zero sugar, posing risks to consumers, particularly those avoiding sugar, like people with diabetes.
Full articleSummary: Costco offers various ways for its members to save money on purchases such as furniture, prescriptions, gift cards, computers, and tire installation. These savings opportunities can help members quickly recoup the cost of their memberships through smart shopping strategies.
Full articleSummary: Jim Lebenthal, chief equity strategist at Cerity Partners, buys more Nvidia.
Full articleSummary: Cigna plans to offer biosimilar versions of AbbVie's Humira with no out-of-pocket payment to eligible patients in the U.S. through its specialty pharmacy, aiming to save patients money and provide more affordable options.
Full articleSummary: Apple is expected to unveil the Apple Pencil 3 at the Let Loose event on May 7, with rumors suggesting it may offer new features such as pressure-based actions. There is also speculation that the new Apple Pencil could be compatible with upcoming iPhone 16 models, particularly the Pro versions, which are rumored to have larger screens.
Full articleSummary: Boeing has laid off dozens of employees at its Michoud Assembly Facility in New Orleans East due to delays in NASA's Artemis space program. The exact number of layoffs remains unclear, but sources suggest employees were notified either in groups or individually, with employees expressing dismay over the method of notification.
Full articleSummary: U.S. banking giants, led by JPMorgan Chase, outperformed the rest of the industry in the first quarter with diversified revenue streams offsetting sluggish net interest income. Smaller regional banks faced challenges with declining growth in net interest income and battled for deposits due to the Federal Reserve's pause in interest rate hikes.
Full articleSummary: Coca-Cola launches the Celebrate Everyday Greatness campaign to engage fans ahead of the Olympic and Paralympic Games, featuring athletes championing everyday moments that turn into something great.
Full articleSummary: Amazon is offering the Apple Watch Series 9 starting at $299, 25% off the original price of $400. The Series 9 boasts a 30% faster S9 processor, brighter display, longer battery life, hand gesture recognition, faster Siri response times, and a Gen2 Ultra Wideband chip. It is considered the best smartwatch for iOS users and offers a great value compared to other models.
Full articleSummary: Intel (INTC) posted better-than-expected profit in Q1 earnings but gave a lower-than-expected revenue forecast for Q2. CEO Patrick Gelsinger discusses the company's future plans, including becoming a leading AI systems foundry by 2030 and expanding chipmaking capacity with CHIPS Act grants.
Full articleSummary: The aviation industry is experiencing a boost in travelers as COVID-19 restrictions ease, with companies like Boeing and Airbus navigating through challenges and opportunities. EasyJet, Jet2, and Wizz Air are anticipating strong performance ahead, while Heathrow Airport breaks records in passenger numbers.
Full articleSummary: MSI is shifting its focus towards GeForce RTX GPUs and moving away from Radeon GPUs, with their Radeon RX 7000 series disappearing from retailers and potential discontinuation of the product line. MSI remains an AMD partner but is clearly prioritizing Nvidia's products.
Full articleSummary: Microsoft introduced new capabilities and features to their sustainability solution, including tools for emissions impact analysis, ESG document data extraction, what-if analysis, and key influencer feature expansion.
Full articleSummary: Right-wing allies of former U.S. President Donald Trump are reportedly crafting a plan to give the executive branch control over Federal Reserve policy decisions, including allowing the president to participate in setting interest rates and potentially replacing the Fed chair. Trump has been critical of the Fed's actions during his presidency and wants more influence over monetary policy.
Full articleSummary: PayPal Holdings (PYPL) is set to report Q1 2024 earnings amidst high hopes for a turnaround, although new CEO is expected to maintain a conservative outlook for the full year. Despite being the worst performer in its peer group over the past year, the stock is undervalued with limited downside risk.
Full articleSummary: Gilead Sciences had its price target dropped by Morgan Stanley to $78.00 with an "equal weight" rating, indicating a potential upside of 19.23%. Several other analysts have also revised their ratings on the stock. Gilead Sciences last released its earnings results on April 25th, beating the consensus estimate.
Full articleSummary: Union Pacific reported strong quarterly earnings results, beating EPS estimates and surpassing revenue expectations. The company also announced a dividend payment. Insider selling was reported, and multiple research firms have issued positive ratings and increased target prices for UNP stock.
Full articleSummary: Advocate General of the European Union sides with privacy activist Max Schrems in the lawsuit against Meta for misusing personal data for targeted advertisements, stating that GDPR prohibits processing personal data for targeted advertising without restriction as to time or type of data.
Full articleSummary: Gilead Sciences received a 'hold' rating reiterated by Needham & Company LLC. Multiple other research firms have also reiterated 'neutral' and 'buy' ratings for the company. In related news, insider Merdad Parsey sold 2,000 shares of the stock on April 1st.
Full articleSummary: Whirlpool Corp. is trying to boost sales by introducing high-end espresso machines under the KitchenAid brand, targeting Starbucks Corp. customers.
Full articleSummary: Enphase Energy had its price target dropped by Wells Fargo & Company from $141.00 to $130.00 with an 'overweight' rating. Multiple research firms have issued ratings on ENPH stock, including a range from sell to buy. The company's 1-year target price is $141.00.
Full articleSummary: Union Pacific had its price target raised by analysts at Morgan Stanley and other brokerages, with varying ratings from 'buy' to 'hold'. The company's stock price target was increased to $210.00 from $198.00, but several other analysts raised their targets to as high as $273.00, indicating a positive sentiment overall.
Full articleSummary: New options trading began for Intuit Inc (INTU) on the June 7th expiration, with one put and one call contract of interest identified. The put contract at the $620.00 strike price offers an attractive alternative for investors to purchase shares at a lower cost basis, while the call contract at the $650.00 strike price allows investors to potentially earn a total return of 5.71% if the stock gets called away at expiration.
Full articleSummary: Revenue growth has been positive due to pricing variances and higher HTU volume, operating expenses increased by $15 million, net income margin declined to (18.4)% in 2024. Management is focused on expanding the brand portfolio and monitoring market trends, key risks include cybersecurity attacks and legal challenges. The company's ROI is -18.4%, generating shareholder value. External risks include natural disasters and geopolitical conflicts
Full articleSummary: Jennison Associates LLC reduced its position in United Parcel Service, Inc. (UPS) by 38.8% in the fourth quarter. Insider activity included Director Eva C. Boratto buying 1,400 shares of UPS stock. Wall Street analysts have mixed opinions on UPS, with a consensus rating of 'Hold'.
Full articleSummary: Bank of New Hampshire reduced its stake in RTX Co. by 47.8% during the fourth quarter, while other institutional investors have made various modifications to their holdings. Analysts have issued mixed ratings for RTX, with an average consensus rating of 'Hold' and a consensus price target of $96.27. RTX reported earnings exceeding expectations for the quarter ended April 23rd, with a positive outlook for the fiscal year's EPS. The company also announced a quarterly dividend and insider transactions involving CFO and EVP.
Full articleSummary: Vertiv Holdings (VRT) stock has surged by 561% since the start of 2023 due to strong first-quarter earnings driven by data center spending and artificial intelligence (AI) applications.
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