Summary: TSMC has announced its leading-edge 1.6nm-class process technology, A16, featuring backside power delivery network (BSPDN) promising significant improvements over its predecessor, N2P, including higher clock rate, lower power consumption, and increased transistor density.
Full articleSummary: Caterpillar Inc. announced its first-quarter results for 2024, showcasing resilience in a challenging market with a record adjusted profit per share and strong cash flow. Despite a slight drop in sales and revenues, the company's operating profit margin improved significantly.
Full articleSummary: Caterpillar reported mixed Q1 results surpassing earnings but falling short on revenue, leading to a 1.8% stock slide. Despite revenue miss, the company achieved record adjusted profit per share, higher operating profit margin and robust free cash flow.
Full articleSummary: Rogers Communications has entered a 10-year agreement with Comcast for access to Entertainment OS, offering connectivity, entertainment, and new smart home tech. Rogers' revenue surged by 28% due to strong demand for its cable and mobile services, but net income fell 50% due to costs from acquiring Shaw. Rogers plans to raise up to C$1 billion from asset sales to pay off debt.
Full articleSummary: The government of the Democratic Republic of Congo issued a formal notice to Apple concerning 'illegally exploited' minerals, accusing Apple of sourcing minerals smuggled from the DRC; Apple has responded stating no evidence found of financing armed groups, accusations include sexual violence and corruption at mineral sites. Allegations also include Rwanda's alleged support of rebel groups in the DRC for controlling mineral wealth.
Full articleSummary: Caterpillar Inc. reported first-quarter results showing a slip in machinery sales from a year earlier and warned of an expected continuation of the trend in the second quarter.
Full articleSummary: Caterpillar Inc. is providing additional details on its retail machine sales and power system sales, aimed at investors and market watchers.
Full articleSummary: Ford reported falling electric vehicle revenue but expressed optimism in its earnings call, highlighting plans to offer affordable and profitable EVs in the future. The company is focusing on expanding capacity for hybrids like the F-150 PowerBoost and Maverick Hybrid while emphasizing the popularity of their Mach-E EV.
Full articleSummary: Halliburton had its price objective raised by Citigroup, received positive ratings from multiple analysts, and beat earnings estimates in their latest quarterly report.
Full articleSummary: J.W. Cole Advisors Inc. increased stake in MetLife by 4.9% during the 4th quarter, while several other hedge funds and institutional investors also increased their holdings. Analyst rating changes include 'overweight' and 'buy' ratings with target price increases. Insider activity included selling of company's stock. MetLife announced an increase in its quarterly dividend.
Full articleSummary: Cisco Systems reported that hackers had exploited vulnerabilities in its Adaptive Security Appliances, allowing them to access government networks globally. Cisco has patched the vulnerabilities and advised customers to update their software immediately.
Full articleSummary: Tampa Bay Rays fall below .500 on the season, seeking spark from Lowe's return from injury
Full articleSummary: Perplexity, an AI-powered search platform, raised $62.7 million in venture funding led by Daniel Gross, with existing investors like Jeff Bezos and Nvidia also participating. The funding brings its total capital raised to $165 million and doubles its valuation to over $1 billion. Perplexity launched its enterprise-focused offering, Perplexity Enterprise Pro, tailored to optimize employee workflows and provide verified answers with citations. It has already garnered early users like Zoom, ElevenLabs, HP, and Databricks.
Full articleSummary: Alphabet (NASDAQ: GOOGL) has outperformed the Nasdaq Composite Index with a return of 151% in the past five years, driven by consistent growth in sales and income. The stock is seen as a worthy investment with opportunities in digital advertising, streaming entertainment, and cloud computing markets.
Full articleSummary: Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) has outperformed the Nasdaq Composite Index, with a stellar 151% return in the past five years due to consistent growth in sales and income. Despite the remarkable gain, Alphabet remains a worthy investment candidate with a reasonable forward P/E ratio and promising opportunities in digital advertising, streaming entertainment, and cloud computing markets.
Full articleSummary: Honeywell International Inc. (NASDAQ: HON) reported first-quarter earnings that beat analyst expectations with earnings per share of $2.25 and revenues of $9.1 billion. The company experienced growth in sales, operating margin, and segment margin. Honeywell's backlog also reached a record high, driven by strong customer demand in commercial aviation and defense. The company maintained its full-year guidance, projecting sales growth, margin expansion, and increased earnings per share.
Full articleSummary: PayPal Holdings, Inc. (PYPL) stock price traded up 0.2% during trading on Wednesday after various research reports and price target adjustments by analysts. PayPal reported earnings that beat estimates, with an increase in revenue compared to the previous year. Insider activity included a significant stock sale by a senior vice president, while institutional investors have made changes to their holdings.
Full articleSummary: Bailard Inc. lowered its holdings in shares of Gilead Sciences, Inc. (NASDAQ:GILD) by 6.8% in the 4th quarter. Several large investors have also modified their holdings of GILD. Insider activity includes an insider selling 2,000 shares. Gilead Sciences recently increased its quarterly dividend. Analysts have set new price targets for GILD.
Full articleSummary: The big-tech trade is experiencing a downturn as shares of Meta, Nvidia, and other semiconductor companies have plunged. Despite concerns such as rising interest rates and lukewarm demand trends in various sectors, Bank of America remains bullish on chip stocks, citing normalizing inventories and potential growth in sales. BofA's top picks include NXP Semiconductors, KLA Corporation, and Nvidia.
Full articleSummary: The big-tech trade is facing challenges as stocks like Meta, Tesla, Apple, and Nvidia are experiencing significant declines due to various reasons. Despite recent setbacks, Bank of America remains optimistic about the semiconductor sector and believes that chip stocks are currently at a 'trough valuation'. BofA's top picks in the semiconductor sector include NXP Semiconductors and in the data center sector, they favor Nvidia.
Full articleSummary: The article discusses the importance of Return on Equity (ROE) in understanding a business, specifically using Caterpillar Inc. (CAT) as an example. It explains how ROE is calculated, compares CAT's ROE to industry average, and analyzes the impact of debt on ROE.
Full articleSummary: Honeywell's hydrocracking technology can be used to produce sustainable aviation fuel (SAF) from biomass, providing a less carbon-intensive alternative to traditional fossil-based jet fuels. Honeywell's Fischer-Tropsch (FT) Unicracking™ technology allows the production of SAF from processed biomass, aligning with energy transition megatrends. DG Fuels has chosen Honeywell's FT Unicracking technology for its biofuels facility in Louisiana, aiming to produce 13,000 bpd of SAF by 2028.
Full articleSummary: Honeywell reported strong first-quarter results with reported and organic sales up 3%, operating margin increased to 20.4%, and earnings per share above high-end of previous guidance.
Full articleSummary: Cisco has disclosed an espionage campaign named ArcaneDoor where cyberattackers exploit vulnerabilities in its security products to breach government networks.
Full articleSummary: Lockheed Martin has signed a strategic partnership with the Australian DoD to provide Joint Air Battle Management System (JABMS) under project Air 6500 Phase 1, beating Northrop Grumman. The project aims to enhance integrated air and missile defence capabilities for the Australian Defence Force.
Full articleSummary: Coca-Cola Europacific Partners PLC reported quarterly revenue growth and increased dividend, reaffirms 2024 revenue guidance.
Full articleSummary: NextEra Energy Partners (NYSE:NEP) had its 'market perform' rating reaffirmed by Oppenheimer. The stock traded up 3.0% on Wednesday following multiple analyst reports and quarterly earnings release showing strong performance.
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