Summary: Alphabet reports Q1 earnings surpassing estimates with a 15% year-on-year revenue increase and issues its first ever dividend. Google is making significant strides in AI with plans for a generative AI search engine.
Full articleSummary: Two veteran astronauts, Barry Wilmore and Sunita Williams, flew to Kennedy Space Center to prepare for Boeing's Starliner spacecraft piloted launch on May 6, representing a critical milestone for Boeing and NASA's Commercial Crew Program.
Full articleSummary: General Electric's aerospace division, GE Aerospace (GE), posted better-than-expected first-quarter earnings, with adjusted earnings of 82 cents a share and revenue up 15% to $8.1 billion. Wall Street analysts reacted positively to the results, with Bank of America raising their stock price target on GE Aerospace to $180 a share and referring to GE as positioned to lead the Aerospace Renaissance.
Full articleSummary: CVS Health (CVS) stock closed slightly lower in the latest trading day, underperforming major indices. Analysts expect a decline in earnings for the upcoming quarterly report. Stock is currently ranked as a 'Sell' by Zacks Rank. Valuation metrics like Forward P/E and PEG ratio provide insight into CVS Health's position in the industry.
Full articleSummary: FedEx (FDX) stock price displayed a slight decrease of -0.21% in the recent trading session but has outperformed the S&P 500. Analysts are expecting growth in FedEx's earnings per share and revenue in the upcoming earnings report. The Zacks Rank system currently rates FDX as a #3 (Hold). FedEx is trading at a discount compared to its industry based on Forward P/E ratio.
Full articleSummary: Kraft Heinz (KHC) stock reflects a slight -0.52% shift, outperforming the S&P 500. The company is set to report stable EPS and a slight revenue decrease in upcoming earnings. Analysts are optimistic about the company's profitability and future stock performance.
Full articleSummary: Starbucks argued before the U.S. Supreme Court that an appeals court applied an incorrect standard when it affirmed a preliminary injunction against the coffee store chain in a case involving allegations of interfering in union activity and firing union-organizing employees.
Full articleSummary: Rogers Communications announces partnership with Comcast introducing Entertainment OS in Canada leading to significant revenue growth, while BC Association of Broadcasters adds speakers to its upcoming conference and the CJF announces shortlists for Excellence in Journalism and Landsberg Award.
Full articleSummary: Bank of New York Mellon Corp has shown predictable revenue and earnings growth with favorable Revenue Per Share growth rates over various time frames.
Full articleSummary: Alphabet, the owner of Google, has declared its first-ever dividend of 20 cents per share which will be paid on June 17th. The company also plans to pay quarterly dividends in the future. This follows other tech giants like Meta and Microsoft who have also been paying dividends recently.
Full articleSummary: Texas Permanent School Fund divests $8.5 billion from BlackRock Inc. due to the latter's boycott of fossil fuels. BlackRock's actions in favor of net-zero emissions and against fossil fuels have led to the divestment, following Texas law prohibiting such boycotts. The situation has caused a dispute between BlackRock and the school fund officials.
Full articleSummary: Wells Fargo Home Lending announced the expansion of its $10,000 Homebuyer Access grant program to additional communities in eight metropolitan areas and New Jersey, aiming to empower Black and Hispanic homebuyers and increase homeownership opportunities for underserved communities.
Full articleSummary: Oracle Corp. co-founder Larry Ellison has announced plans to relocate the software giant's world headquarters to Nashville's downtown riverfront, solidifying the city's standing in the healthcare tech sector with a significant investment in a 70-acre property. The move aligns with Oracle's commitment to healthcare software products and community integration.
Full articleSummary: Ford announced plans to build a new range of affordable EVs in response to Tesla's commitment to accelerate its production of cheaper electric vehicles.
Full articleSummary: Pharmacy technicians at CVS Omnicare Las Vegas have won their union election with a significant margin, aiming to improve worker standards and patient care. The Pharmacy Guild continues to grow and advocate for pharmacy professionals nationwide.
Full articleSummary: Senior Vice President - General Counsel Brian Ellis sold 4,000 shares of Danaher Corp at an average price of $250.01 per share, totaling $1,000,040. Danaher Corp's insider transaction history shows a pattern of selling with no insider buys over the past year.
Full articleSummary: Bristol-Myers Squibb (NYSE:BMY) stock plunges over 8% after announcing the 'Strategic Productivity Initiative' involving layoffs of around 2,200 employees to cut costs and generate savings of $1.5 billion by 2025. Although the layoffs aim to fuel innovation and growth, the market reacts negatively due to recent setbacks and financial performance.
Full articleSummary: MetLife (MET) is a stock that has been consistently beating earnings estimates with an average surprise of 47.93% in the last two quarters. Recent estimates have been moving higher for the company, with a positive Zacks Earnings ESP of +1.35% and a Zacks Rank #3 (Hold), indicating a potential for another beat in the upcoming quarterly report expected on November 3, 2021.
Full articleSummary: Capital One Financial Corp reported higher than expected quarterly adjusted earnings per share for the quarter ended in March.
Full articleSummary: Pfizer signs a deal with Merck for rights to anti-PD-L1 immunotherapy drug, dampening expectations of a renewed bid for AstraZeneca. Merck receives $850 million upfront and up to $2 billion in milestones.
Full articleSummary: Apple is expected to introduce new iPad Pro with M3 chips and OLED displays, and new iPad Air with M2 chips and larger screen, along with updated peripherals like Magic Keyboard and Apple Pencil.
Full articleSummary: Home Depot (HD) stock closed lower in the latest trading session, and analysts are closely watching its upcoming earnings disclosure on May 14, 2024, anticipating a decrease in EPS and revenue. The Zacks Rank system currently rates Home Depot as a #4 (Sell) due to recent estimate changes. The stock's valuation, with a Forward P/E ratio of 21.66 and PEG ratio of 2.22, leans towards a premium compared to its industry averages.
Full articleSummary: Alphabet reported a surge in profits of nearly 60% in Q1 compared to a year ago, leading to an increase in share price. The company announced its first cash dividends of 20 cents per share to be paid this summer.
Full articleSummary: Billionaire investor Ron Baron predicts a huge rise in Tesla's stock price as the company assures investors of its commitment to low-cost models and EV production, while emphasizing cost efficiency compared to rivals.
Full articleSummary: Gilead Sciences reported fine sales for the first quarter with a 5% increase year-over-year, highlighting the potential of seladelpar, a rare liver disease candidate acquired through CymaBay.
Full articleSummary: Coca-Cola Consolidated, Inc. (NASDAQ:COKE) share price has soared 184% in the last three years and is up 3.8% in the last week. The company's compound earnings per share (EPS) growth of 33% per year is reasonably close to the 42% average annual increase in the share price, suggesting that market sentiment around the company hasn't changed much over time. Total shareholder return over the last 3 years was 193%, indicating positive sentiment around the stock.
Full articleSummary: Charter Communications is surrendering a small percentage of census block groups in Michigan, Missouri, and Wisconsin due to unforeseen costs associated with extensive utility pole replacements, resulting in broadband deployment in those areas becoming uneconomical. The company, assigned the most locations in the Rural Digital Opportunity Fund auction, had to give back approximately 25,200 locations in these states.
Full article