Summary: Zeekr, a Chinese electric car brand, is outselling Tesla in some areas of China and plans to expand in Europe and Latin America. The company is revealing new car structures and aiming to start production by the end of this year. Zeekr is also looking to boost overseas sales and develop right-hand drive cars for markets like Hong Kong, Macao, and Singapore.
Full articleSummary: Honeywell has been selected by Lilium to supply propulsion unit position sensors for the Lilium Jet, including e-motors, avionics, thermal management systems, and flight control computer; Honeywell designed customised, solid-state resolvers for accurate sensing of engine's position; The partnership intends to further the adoption of advanced air mobility and represents a commitment to sustainable transportation.
Full articleSummary: Oracle plans to move its world headquarters to Nashville and build a 70-acre campus with various amenities like office buildings, community clinic, restaurants, and hotels. The move is expected to be completed by the end of the decade.
Full articleSummary: Deutsche Bank reported elevated levels of credit-loss provisions for U.S. commercial real estate but expects them to gradually decline. The bank anticipates a gradual improvement in the commercial real estate sector in the second half of the year.
Full articleSummary: Hess Corp reported a first-quarter profit that beat analysts' estimates, aided by higher production in Guyana and the Bakken oil field. The company's acquisition by Chevron in a $53 billion deal is facing challenges from Exxon Mobil and CNOOC Ltd seeking the right to first refusal over sale of any stake.
Full articleSummary: Honeywell International Inc. reported quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate. The company surpassed consensus EPS estimates three times in the last four quarters. The stock's immediate price movement will depend on management's commentary on the earnings call.
Full articleSummary: Comcast Corp (CMCSA) reported steady growth in revenue, with a 1.2% increase year-over-year, alongside substantial rise in adjusted earnings per share (EPS). The company's strategic moves in broadband and streaming services contributed to its financial performance.
Full articleSummary: Booking Holdings Inc. has a high P/E ratio of 28x compared to the market average, but this is supported by the company's strong earnings growth and future growth forecasts. Shareholders are confident in the company's ability to outperform the market in the coming years.
Full articleSummary: Analyst coverage of Honeywell International reveals positive sentiment from Baptista Research due to successful Q4 2023 earnings and leadership changes, with a balanced long-term outlook based on Smart Scores. Honeywell operates across aerospace, control technologies, automotive, and energy-efficient solutions, well-positioned for stability and growth.
Full articleSummary: Raytheon, a NYSE: RTX business, has been awarded a $344 million contract for the development of two missile variants based on a common guidance section which will increase speed and efficiency in production of weapon systems.
Full articleSummary: United Parcel Service (UPS) reaffirmed its full-year 2024 guidance despite experiencing soft demand in its key business segments during the first quarter. The company is confident in navigating a more robust turnaround in the second half, with growth drivers such as becoming the primary air cargo provider for USPS.
Full articleSummary: U.S. stocks sank after Meta spooked investors with AI spending plans and GDP data indicated stagflation. Nasdaq fell 2.1%, Dow Jones dropped 1.4%, S&P 500 was down 1.3%. Meta (META) shares plummeted due to increased AI expenditure forecast. Microsoft (MSFT) and Alphabet (GOOGL) may address AI costs in their upcoming reports. U.S. economy grew at a slower rate of 1.6% with an increase in inflation to 3.4%. Treasury yields surged after the GDP report.
Full articleSummary: Cisco Systems revealed that its Adaptive Security Appliances had vulnerabilities exploited by hackers identified as 'UAT4356', affecting government networks globally. The vulnerabilities have been patched by Cisco and customers are urged to update their software.
Full articleSummary: RTX reported strong first quarter 2024 results with revenue up 12% and net income up 20% from the same period last year. Both revenue and earnings per share beat analyst expectations. RTX's profit margin also increased to 8.9%.
Full articleSummary: Union Pacific reported slightly higher earnings in the first quarter despite lower revenue due to reduced operating expenses. Earnings per share surpassed analyst estimates, while revenue fell slightly and total operating expenses decreased by 3%.
Full articleSummary: Google has announced a further delay in phasing out third-party cookies, aiming to start the process by early 2025 due to challenges reconciling feedback. The UK’s CMA is reviewing evidence and industry tests until the end of June. This delay impacts user privacy, revenue generation for website publishers, and competition in digital advertising.
Full articleSummary: RTX Corporation (NYSE:RTX) beat forecasts in its quarterly report, with revenue of US$19b and statutory earnings per share (EPS) of US$1.28, both exceeding expectations. Analysts forecast revenues of US$78.8b in 2024, reflecting an 11% improvement, with per-share earnings expected to surge 64% to US$4.29. The analysts reconfirmed their price target of US$104, indicating confidence in the company's performance.
Full articleSummary: Caterpillar posted a rise in quarterly profit due to higher prices for its construction equipment, stable demand, and margin offsetting price increases launched in the second half of 2023.
Full articleSummary: Google is expanding its hardware research and development hub in Taiwan, making it its largest R&D hub outside the U.S.
Full articleSummary: Atria Wealth Solutions Inc. increased its stake in RTX Co. by 8.4% in the fourth quarter, with its holdings now worth $9,530,000, along with other institutional investors modifying their holdings. RTX also announced a quarterly dividend and had insiders buying and selling stock. Analysts have issued various ratings on RTX shares.
Full articleSummary: Investors are losing patience with Big Tech's AI investments as Meta Platforms signals deeper spending and longer road to profitability, impacting Meta Platforms, Microsoft, Alphabet, and Nvidia stocks negatively.
Full articleSummary: HSBC upgraded United Parcel Service (NYSE: UPS) from a hold rating to a buy rating with a new target price of $170.00. Other analysts also provided ratings and target prices for UPS shares.
Full articleSummary: Meta Platforms (META) revealed plans to increase spending on artificial intelligence, leading to slower sales growth, causing shares to drop by 16%. CEO Mark Zuckerberg urges investors to focus on long-term benefits of AI investments despite the short-term setbacks.
Full articleSummary: Indian equities are among the world's most expensive, but its bonds are relatively cheap and offer a premium over the earnings yield for the MSCI India share index. Investors are positive on Indian bonds and stocks with potential fixed-income returns expected to rise due to upcoming inclusion in JPMorgan Chase & Co's indexes. Despite global asset managers trimming their allocations to Indian stocks, the appeal of India's sovereign debt remains strong.
Full articleSummary: Bristol Myers Squibb Co. reported better-than-expected first-quarter results but announced that it would cut 2,200 jobs this year as part of a cost-saving initiative, narrowing its full-year adjusted earnings per share guidance.
Full articleSummary: Coca-Cola is a strong and widely recognized brand with a 46% market share in the NARTD category in the U.S., maintaining consistent profitability and increasing dividend payout for 62 straight years. However, limited growth prospects and a relatively high valuation suggest that it may not be a smart investment for those seeking high returns.
Full articleSummary: Union Pacific beat profit estimates in Q1, plans to resume share buybacks. Strong pricing offset lower volumes as company sees challenges in bulk segment. Operating revenue was $6.0 billion, above analysts' estimates.
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