Summary: Marathon Digital has adjusted its hash rate target for this fiscal year to 50 EH/s, doubling the initial projection, following the acquisition of a 200-megawatt Bitcoin mining center. The company is confident in achieving the new target without the need to raise additional capital. Despite the recent increase in Bitcoin's mining difficulty, Marathon remains committed to expanding its mining capacity.
Full articleSummary: IBM's acquisition of HashiCorp for $6.4 billion will impact the privileged access and secrets management markets. HashiCorp is praised for secrets management but lags in privileged access. Analysts highlight HashiCorp's strengths and weaknesses in the security business.
Full articleSummary: Caterpillar is set to trial an electric prototype truck with Freeport McMoRan at Sierrita in late 2024. Additionally, Newmont, BHP, Rio Tinto, and Teck are among other key customers set to receive early learner battery trucks from Caterpillar this year.
Full articleSummary: Salesforce COO Brian Millham sold significant amount of company's stock shares in multiple transactions. Analysts have set new price targets with mostly positive ratings. The company's recent dividend and financial performance indicates stability and growth.
Full articleSummary: BlackRock, Inc. reduced its stake in Severn Trent PLC by 2.3%, from 9.97% to 7.67% on April 24, 2024.
Full articleSummary: RTX had its price target raised by Susquehanna analysts from $110.00 to $119.00 with a 'positive' rating, indicating a potential upside of 16.95%. Several other analysts also increased their price targets and ratings on RTX, with a consensus target price of $96.27. RTX recently posted quarterly earnings of $1.34 EPS, beating estimates by $0.11.
Full articleSummary: Danaher Co. SVP Brian W. Ellis sold 4,000 shares of Danaher stock. Danaher also increased its dividend. Several analysts have issued a buy rating on the stock, with a consensus target price of $270.00.
Full articleSummary: Rogers Communications signed a 10-year agreement with Comcast to bring Xfinity products and technology to Canadians, including a new streaming device and expanded home security products. The agreement also includes deployment of Comcast's Entertainment OS operating system and 10G Internet technologies in Canada.
Full articleSummary: Salesforce CEO Marc Benioff sold a significant number of shares in multiple transactions, totaling millions of dollars. The company also recently declared a quarterly dividend. Additionally, institutional investors have been adjusting their stakes in the stock.
Full articleSummary: Danaher (DHR) received a Buy rating and a $275.00 price target from analyst Puneet Souda due to strong performance, optimistic outlook, and strategic mergers and acquisitions. The company's competitive edge in the bioprocessing market and cautious fiscal guidance suggest resilience in the face of near-term challenges. However, corporate insider sentiment is currently negative with an increase in selling activity.
Full articleSummary: Elon Musk's promises continue to impact Tesla's stock positively despite missing deadlines, while Meta stock faced a decline due to worries over CEO Mark Zuckerberg's future AI ambitions.
Full articleSummary: Alphabet announced its first-ever planned cash dividend of $0.20 per share along with $70 billion in new share repurchases, leading to a rally in its stock price and market value crossing $2 trillion. The company reported revenue topping $80 billion, a 15% increase from last year, and profits jumping 61% to $1.89 per share driven by strong performance in Search, YouTube, and Cloud. Sundar Pichai, CEO of Google, reaffirmed the company's commitment to advancing AI.
Full articleSummary: Texas Instruments' stock received a reaffirmed 'neutral' rating with a price target of $180.00 by Cantor Fitzgerald. Various other research analysts have released ratings and price targets for TXN as well. The company recently reported quarterly earnings beating estimates.
Full articleSummary: Raytheon, a subsidiary of RTX, has received a $344 million contract to build two Standard Missile variants for U.S. and international military customers. The missiles will share common features and components.
Full articleSummary: Alphabet announced its first-ever dividend and a US$70 billion stock buyback, resulting in a stock surge of nearly 16%. The company beat expectations for the quarter in sales, profit, and advertising. Alphabet's Q1 revenue was US$80.54 billion, with advertising sales rising 13% to US$61.7 billion.
Full articleSummary: PayPal Holdings, Inc. has received an average rating of 'Hold' from analysts with 23 hold ratings and 12 buy ratings. The average 1-year target price is $70.47. Insiders have been selling shares, and various institutional investors have been buying and selling shares of PayPal.
Full articleSummary: PepsiCo, Inc. (PEP) has received a consensus 'Moderate Buy' recommendation from analysts with a 1-year target price of $187.42. Recently, analysts have provided various ratings for the stock, with a mix of hold and buy ratings, including price target increases. PepsiCo also announced its quarterly dividend and posted positive quarterly earnings results surpassing analysts' estimates.
Full articleSummary: United Parcel Service (UPS) stock is rated as 'Hold' by most analysts, with one sell rating, thirteen hold ratings, eight buy ratings, and one strong buy rating. The average 12-month price target is $165.23. The company recently reported earnings results exceeding estimates and also increased its dividend.
Full articleSummary: Prisma Health's accountable care organization, InVio Health Network, collaborates with CVS Accountable Care to participate in ACO REACH model aimed at improving healthcare services for traditional Medicare beneficiaries by utilizing strengths of both organizations and promoting health equity through addressing care gaps, enhancing access, and focusing on social determinants of health.
Full articleSummary: CVS Health is opening a workforce development and community center in Louisiana focused on improving access to health services and reducing employment barriers. The center will provide training programs, job placement assistance, and connections to local care providers.
Full articleSummary: Nike introduces a new athletic-geared footwear collection that includes Max Fly 2, Victory 2, and Dragon Fly 2 models with advanced cushioning technology and a vibrant color scheme.
Full articleSummary: Coca-Cola Company shares are down about 4.4% over the past year but the company's focus on optimizing its brand portfolio is expected to drive volume in the coming quarters. Ownership analysis shows public companies and individual investors own 57.70%, followed by other institutional investors, mutual funds, and insiders.
Full articleSummary: NVIDIA has announced RTX Video HDR technology for SDR, which converts SDR content to HDR on GeForce RTX 40 series GPUs, enhancing user immersion and display quality. This technology requires HDR-certified monitors and specific criteria to work effectively, including bright monitors and GeForce RTX 20-40 series cards.
Full articleSummary: Tesla reported a 4% year-on-year increase in energy storage deployments to 3,889MWh in Q1 2023, with gross profit for the segment up 140%. Energy generation and storage remained the highest-margin business line, with revenue of over US$1.6 billion for the quarter. Despite declines in automotive revenues and gross profit, Tesla is optimistic about the future of its energy storage business.
Full articleSummary: A Russian court has ordered the seizure of $440 million from JPMorgan Chase’s bank accounts in Russia, aligning with a lawsuit filed by state-owned VTB Bank after the American lender froze the accounts following the invasion of Ukraine by Russia. The legal battle highlights the complexities of international law, sanctions, and corporate operations.
Full articleSummary: Rubrik's stock price surged over 20% in its NYSE debut, raising $752 million and attaining a valuation of $5.6 billion. The company has been incurring heavy losses recently.
Full articleSummary: Henan province in China reported a decline in smartphone exports, particularly Apple products, in the first quarter due to diversification of production outside of mainland China. Foxconn obtained approval to invest over US$1 billion in India for manufacturing Apple products amid growing iPhone exports from India. Apple also plans to increase investments in Vietnam, while still considering mainland China as its primary manufacturing base.
Full article