Summary: Gilead Sciences (NASDAQ:GILD) reported results for the first quarter of 2024.
Full articleSummary: Salesforce Inc (CRM) President and Chief Operating Officer sold 4,204 shares at $278 per share, continuing a trend of insider selling with no insider buys over the past year. The stock is considered fairly valued based on its price-to-GF-Value ratio.
Full articleSummary: Alphabet reported impressive first-quarter results, announced plans to expand AI capabilities across products, introduced a dividend for the first time, and revealed a new stock buyback program.
Full articleSummary: Alphabet (GOOGL) reported first-quarter results well above expectations, with revenue rising 15% year-over-year to $80.54 billion and a profit of $23.66 billion. The company announced its first-ever dividend of 20 cents per share to be paid on June 17 and stock buybacks of up to $70 billion were approved by its board.
Full articleSummary: Costco Wholesale Co. (NASDAQ:COST) shares traded down 1.1% during mid-day trading on Thursday. Several equities analysts have weighed in on the company with mixed ratings. Costco Wholesale trading down 0.3%.
Full articleSummary: A Tesla operating on Autopilot hit and killed a motorcyclist near Seattle, raising concerns about driver's attention while using Autopilot.
Full articleSummary: Deere (DE) closed slightly lower in the latest trading session. The upcoming earnings release, projected earnings decline, and revenue expectations indicate a challenging period for the company. Analysts' favorable outlook is shown through recent estimate changes. Deere is currently a Zacks Rank #3 (Hold) stock.
Full articleSummary: IBM's $6.4 billion HashiCorp acquisition is expected to bring synergies to IBM's software portfolio, including Red Hat, accelerating IBM's strategy and software development. Industry experts and MSPs view the move positively, anticipating increased demand and competitive advantage for IBM.
Full articleSummary: The Federal Reserve is facing a dilemma of rising inflation and slower economic growth, making it unlikely to cut interest rates in 2024, causing stocks to plunge. Rising inflation has also led to higher mortgage rates and auto loan payments, impacting consumer spending. Strong earnings reports from Microsoft and Google may help boost stocks on Friday.
Full articleSummary: Capital One miles are a valuable transferable reward currency that can be redeemed in various ways, including transferring to airline and hotel loyalty programs, booking through the Capital One travel portal, and covering recent travel purchases. Various credit cards from Capital One offer different opportunities to earn these miles, with benefits like initial sign-up bonuses and anniversary bonus miles.
Full articleSummary: BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc (NYSE:DCF) declared a dividend of $0.0350 per share, has a current dividend yield of 4.92%, and aims to return at least $9.835 per share by December 1, 2024.
Full articleSummary: Boeing aims to finalize a deal with Spirit AeroSystems before announcing a new CEO, marking the largest acquisition since 1997.
Full articleSummary: Texas Instruments Inc. declared a dividend of $1.30 per share payable on May 21, 2024, to shareholders of record as of May 08, 2024. The company has paid dividends since 1962, has a current dividend yield of 2.97%, and has increased its dividends for 19 successive years. Texas Instruments Inc. has a market cap of $159.16 billion and a PE ratio of 24.73. The stock price closed at $174.81 with a 52-week low/high of $139.48 and $188.12. The company designs and makes semiconductors for electronics designers and manufacturers.
Full articleSummary: The stock market experienced a rollercoaster day with the Dow Jones Industrial Average cutting its 700-point loss by nearly half, thanks to strong results from Alphabet and Microsoft despite poor performance from Caterpillar and Meta Platforms.
Full articleSummary: Alphabet (GOOGL) had a strong quarter with solid performance in Search, YouTube, and Cloud. Sundar Pichai discussed the AI transformation and positive momentum in Search due to generative AI features. Ruth Porat highlighted the increase in capex for technical infrastructure to support growth in Cloud and AI applications. Philipp Schindler mentioned the growth opportunities in YouTube Shorts and Google Cloud Platform, focusing on sales efforts and product solutions. No specific announcements were made regarding sports rights for YouTube.
Full articleSummary: Barclays raised their price target on PepsiCo from $184.00 to $185.00 with an overweight rating, causing the stock price to trade up 0.6% during mid-day trading on Thursday. Several other research analysts have also issued ratings on PepsiCo with a consensus rating of 'Moderate Buy' and a consensus target price of $187.42.
Full articleSummary: Microsoft beat estimates for its fiscal third quarter thanks to healthy cloud computing business, with earnings increasing by 20% and sales rising by 17%. Azure cloud infrastructure sales rose 31% year over year in fiscal Q3.
Full articleSummary: Intel Corporation reported worse-than-expected first-quarter sales results and issued earnings guidance below estimates. Quarterly earnings beat estimates but quarterly sales missed estimates. Despite the challenges, the company is making progress against its priorities.
Full articleSummary: ConocoPhillips (COP) closed higher than the S&P 500 in the latest trading session, with upcoming earnings announcement and positive estimate revisions hinting at a buy opportunity, especially with a relatively low Forward P/E ratio.
Full articleSummary: Boeing's Starliner spacecraft is set to make its inaugural crewed launch, carrying NASA astronauts to the International Space Station, potentially marking a historic victory for the beleaguered Starliner program.
Full articleSummary: Tupac Shakur's estate threatens to sue Drake for using AI-generated copy of Shakur's voice in diss track aimed at Kendrick Lamar.
Full articleSummary: Chevron (CVX) and Hess (NYSE:HES) extended the completion date for their proposed merger to October 22 from April 18 due to arbitration proceedings by Exxon and Cnooc over the Guyana oil project. Hess fixed April 12 as the record date for shareholders to approve the deal. Hess shares rose 1.4% after beating Q1 earnings estimates.
Full articleSummary: IBM announced new storage capabilities with the IBM Storage Assurance program, providing clients with choice, control, and extended lifetime of storage investments. The program offers regular hardware and software upgrades, Expert Care support, and budget certainty.
Full articleSummary: FMX closes transaction with strategic investors at a $667 million post-money equity valuation with leading financial firms becoming minority equity owners, FMX Futures expected to launch in September 2024, FMX aiming to enhance market liquidity and lower costs for all market participants
Full articleSummary: McDonald's stock (MCD) closed with a slight decrease compared to the previous trading session. Analysts expect earnings to grow year-over-year in the upcoming release on April 30, 2024. Recent revisions in analyst estimates reflect a favorable outlook on the company's business health. McDonald's currently holds a Zacks Rank of #3 (Hold).
Full articleSummary: Alphabet Inc. announced its first-ever dividend and a US$70-billion stock buyback, exceeding expectations for the quarter in sales, profit and advertising. The company's after-hours share surged nearly 16 per cent, increasing its stock market value by about US$300-billion to more than US$2-trillion.
Full articleSummary: Activists arrested in protests outside Citigroup's Manhattan headquarters demand the bank stop funding fossil fuels, accusing it of contributing to climate chaos and harming communities. Demonstrations are part of ongoing efforts by organizations targeting big banks for their role in the climate emergency.
Full article