Summary: Wells Fargo analyst maintained a Hold rating on Under Armour with a price target of $7.00. Analyst consensus is Hold with an average price target of $9.04. Piper Sandler also reiterated a Hold rating with a $8.50 price target.
Full articleSummary: Analyst Joe O’Dea from Wells Fargo maintained a Hold rating on Honeywell International (HON) with a price target at $216, and there's a lingering concern about the potential for future financial revisions. Honeywell showed stability in its financial outlook despite some segments like Industrial Automation and Building Automation showing weaker results.
Full articleSummary: Honeywell Intl (NASDAQ:HON) reported results for the first quarter of 2024.
Full articleSummary: Honeywell International Inc reported first-quarter fiscal 2024 sales of $9.105 billion, up 3% Y/Y, beating consensus; attributed to solid growth in Aerospace Technologies and Energy and Sustainability Solutions. Adjusted EPS was $2.25 (+9% Y/Y) beating consensus. Q2 outlook expects sales of $9.2 billion-$9.5 billion, Adjusted EPS of $2.25 – $2.35. 2024 outlook expects sales of $38.1 billion-$38.9 billion with organic sales growth from 4% to 6%, Segment margin expansion of 30 to 60 bps.
Full articleSummary: State-linked hackers are engaging in an espionage campaign, ArcaneDoor, targeting perimeter network devices from Cisco and potentially other companies for malicious attacks. Cisco has released patches for the vulnerabilities and is urging customers to update their systems immediately.
Full articleSummary: Alphabet's shares rallied after the company reported better-than-expected results, including soaring profits in the cloud division, announcing its first dividend, and exceeding Wall Street's expectations for YouTube advertising revenue and cloud revenue.
Full articleSummary: McDonald's and Buffalo Bills have announced a multi-year partnership offering exclusive game day deals and special menu items through the McDonald's app during the draft and football season. Fans can get a free Big Mac with a $2 purchase through April 27 as part of the kickoff celebration.
Full articleSummary: Colgate-Palmolive's Return on Capital Employed (ROCE) is high at 34%, exceeding the industry average of 22%. However, despite the favorable ROCE, returns have been on a decreasing trend over the past five years, indicating potential challenges in generating higher profits in the future.
Full articleSummary: NextEra Energy and its subsidiary companies are planning to ramp up their deployment of energy storage in response to surging demand and improved economics, Solar and energy storage currently represent the most economical means of generating electricity in many parts of the country, NextEra could own and operate more than 100 GW of generation capacity by the end of 2026
Full articleSummary: Caterpillar delivered mixed first-quarter results, warned of demand softness, and expects little growth in 2024.
Full articleSummary: Investors negatively reacted to Bristol Myers Squibb's updated guidance showing a significant loss and a downward revision in earnings per share for 2024 due to recent acquisitions.
Full articleSummary: Danaher (NYSE: DHR) posted Q1 results surpassing street expectations with $5.8 billion revenue and $1.92 adjusted earnings per share, causing a 7% stock jump. However, recent performance shows underperformance compared to S&P 500, with a decline in 2022 and 2023.
Full articleSummary: Bristol Myers Squibb had a busy first quarter with positive performance and progress across several key areas including commercial portfolio, pipeline advancement, and strategic deals. Expectations for future growth remain unchanged. Q1 saw progress with Opdivo, Camzyos, and other products. Company focused on launching KarXT and expanding radiopharma pipeline.
Full articleSummary: Danaher Co. (NYSE:DHR) gapped up prior to trading on Tuesday following a better than expected earnings announcement, with shares last trading higher. The company also announced an increased quarterly dividend. Wall Street analysts have mostly issued a positive outlook on the stock, with a consensus rating of 'Moderate Buy' and a target price of $270.00. Furthermore, there have been notable insider transactions and moves by institutional investors.
Full articleSummary: Express Inc., a clothing retailer, announced plans to file for bankruptcy and close stores in Wisconsin due to financial struggles.
Full articleSummary: McDonald's to open a new branch at Oak Tree Business Park in Highbridge creating around 120 jobs. The company described the new branch as a multi-million pound restaurant employing 80+ employees.
Full articleSummary: Salesforce announced the Salesforce Zero Copy Partner Network, enabling secure integrations with Salesforce Data Cloud for improved customer interactions. The ecosystem includes support for open data lakes and integration with Microsoft Azure. Zero Copy Data Kits allow ISVs to distribute datasets, and Heroku Postgres integration offers powerful insights. SI partners, like Accenture and Deloitte, can assist with zero copy Data Cloud implementation.
Full articleSummary: Nvidia (NVDA) stock has experienced a pullback of approximately 18% from its all-time high, raising questions among investors if this presents an opportunity to acquire Nvidia shares. Recent news includes SoftBank's plans to invest in enhancing computing facilities with Nvidia GPUs and Evercore ISI initiating coverage of Nvidia with an 'Outperform' rating and a price target of $1,160.
Full articleSummary: The Coca-Cola Company partners with Microsoft for a $1.1 billion deal to utilize cloud and AI technologies for digital transformation, including generative AI-powered digital assistants and new technology solutions.
Full articleSummary: Lockheed Martin Corp. volunteers from Ocala assisted a Navy veteran widow in renovating her deteriorating mobile home, working in partnership with nonprofit organizations. The volunteers donated their time and effort to improve the living conditions of the veteran's widow, showcasing community impact and support.
Full articleSummary: Starbucks marks the one-year anniversary of its mission and promises by hosting its first-ever Promises Day, highlighting initiatives like Global Barista Championships, new coffee experiences, expanded coffee innovation farms, community giveback programs, and environmental sustainability efforts.
Full articleSummary: PepsiCo (PEP) is considered a growth stock worth watching due to its strong financials and potential long-term growth. The company has a Zacks Rank #3, Growth Style Score of B, and VGM Score of B. Earnings and sales growth are projected for the current fiscal year, and analysts have revised their estimates upwards.
Full articleSummary: Nvidia's stock has soared but is currently overvalued, suggesting caution in buying more. Instead, consider investing in Autodesk (ADSK) and Intel (INTC) due to their AI-driven strategies and lower valuation ratios.
Full articleSummary: Bristol Myers Squibb plans to cut its workforce by 6% as part of a cost-savings program after reporting better-than-expected Q1 results, including revenue growth, but with widened losses per share due to one-off charges from recent acquisitions.
Full articleSummary: Lockheed Martin Corp released its Q1 earnings report with impressive growth in net sales. Technical analysis suggests a potential bullish trend with a Golden Cross approaching. Analysts see a 10%+ upside despite a more neutral consensus rating.
Full articleSummary: Oppenheimer analyst maintained a Hold rating on United Rentals (URI), with a consensus hold analyst rating. Morgan Stanley also maintained a Hold rating with a $678.00 price target. United Rentals has a market cap of $44.44B and a P/E ratio of 18.75.
Full articleSummary: GE Vernova, the former GE energy unit, reported a $106 million loss in the first quarter as its wind division struggled to become profitable. Despite the loss, revenue rose 6% to $7.26 billion compared to the same quarter last year. The company aims to improve cash generation throughout the year and affirmed its 2024 revenue projection of $34 billion to $35 billion.
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