Summary: Nike is laying off 740 employees at its world headquarters in Beaverton, Oregon as part of its cost-cutting measures. These layoffs do not affect stores or manufacturing operations.
Full articleSummary: Tech companies brace for earnings reports amid challenges including protests, restructuring, layoffs, price cuts, recalls, and tenuous investor sentiment towards Big Tech amidst expectations of revenue decline in AI sector.
Full articleSummary: Apple's latest hardware device, the Vision Pro mixed reality headset, has seen a significant decline in interest and sales since its launch, with reports indicating low demand for demos and plummeting sales at retail stores.
Full articleSummary: PayPal, Energy Web, and DMG Blockchain Solutions are collaborating on the Green Mining Initiative to make Bitcoin mining more environmentally friendly by incentivizing miners to adopt low-carbon energy sources. They aim to reward miners who operate sustainably to encourage eco-friendly mining practices.
Full articleSummary: A lawsuit alleges Amazon breached its own copyright rules in generative AI competition and discriminated against a former AI scientist for being pregnant. The lawsuit includes sexism and discrimination claims, as well as violation of copyright policies and retaliation charges.
Full articleSummary: Zacks emphasizes on value investing, focusing on undervalued companies. They recommend Capital One (COF) as a strong buy with a high Value grade.
Full articleSummary: Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in Danaher Co., institutional investors and hedge funds also adjust positions in Danaher, Danaher reported increase in quarterly dividend and received favorable ratings from Wall Street analysts.
Full articleSummary: Starbucks (NASDAQ:SBUX) stock has been facing challenges due to high input and labor costs as well as inflation, but remains a powerful brand with considerable pricing power. The company is leveraging innovations and cost-saving initiatives to navigate through these headwinds. Analysts have a moderate buy rating on SBUX stock with an average price target of $107.30.
Full articleSummary: Medtronic (MDT) stock ended the trading session at $80.57, reflecting a +1.37% shift, outpacing S&P 500's gain. Analysts will closely monitor its upcoming earnings disclosure, expecting a downward trend in EPS and revenue. Zacks Rank system rates MDT as Hold (#3) and the stock is currently trading at a discount compared to its industry.
Full articleSummary: Visa has officially launched Visa+ service with partners PayPal, Venmo, and DailyPay for real-time P2P payments, with plans for further expansion, including cross-platform interoperability and enhanced privacy measures for users.
Full articleSummary: Comcast is expected to display strength as it nears its next earnings release with analysts predicting year-over-year growth in earnings and revenue. Estimate revisions are signaling analyst optimism about the company's business and profitability. Comcast currently has a Zacks Rank of #3 (Hold).
Full articleSummary: Citigroup upgraded their outlook for Euronet Worldwide from Neutral to Buy, with an analyst price forecast suggesting 21.96% upside in the stock. Average one-year price target is $125.66. Projected annual revenue for Euronet Worldwide is 4,057MM, with an increase of 10.01%. Total shares owned by institutions decreased by 7.07% in the last three months.
Full articleSummary: Blackrock's spot bitcoin ETF, ticker IBIT, had 70 straight days of net inflows, placing it among the top 10 of ETFs with longest daily streaks. BlackRock's spot bitcoin saw over $600 million in net inflows on Monday, bringing its AUM to $18.2 billion. Grayscale's spot bitcoin ETF, ticker GBTC, faces competition from BlackRock's ETF and shows consistent outflows.
Full articleSummary: Apple Watch Series 7 is currently available at a heavily discounted price of $250 for a 45mm cellular version, making it a great option for those looking to save money and prefer skipping the Series 9. The deal is likely to disappear soon due to limited stock.
Full articleSummary: The rise of FedEx from a student project at Yale to a multinational logistics behemoth, the pivot towards time-sensitive package delivery after a failed initial plan, and Fred Smith's unconventional gamble in Las Vegas to save the company from bankruptcy.
Full articleSummary: Cathie Wood's ARK ETFs made substantial trades on April 22nd, 2024, including a significant increase in Tesla Inc shares and sell-offs in Zoom Video Communications Inc and Caterpillar Inc.
Full articleSummary: NextEra Energy (NEE) is set to report Q1 results with analysts optimistic about the company's performance due to increased demand for renewable energy sources. The company has a track record of beating estimates and is expected to see sales growth driven by renewable energy and battery storage solutions. Despite a projected decrease in earnings, top-rated analysts maintain a Buy rating on NEE stock, with price targets reflecting upside potential.
Full articleSummary: NextEra Energy NEE and NextEra Energy Partners NEP stocks rose 1.6% and 1.8% respectively. Scotiabank states that very few investors seem to expect relatively lower performance from here. Scotiabank sees higher visibility of NEP's organic growth due to wind repowering. Analysts from Scotiabank argue that despite interest rate pressure and renewable development challenges, NEE's credit metrics are among the best in the sector. 17 out of 23 brokerages rate NEE as 'buy' or higher, 5 as 'hold', 1 as 'sell'; with an average price target of $70. NEE is up 7.6% while NEP is down 9.1% year-to-date.
Full articleSummary: Mackenzie Financial Corp trimmed its stake in MetLife by 26.3% in the fourth quarter. Other hedge funds also modified their holdings. Insider activity showed significant stock sales. Wall Street analysts have issued positive ratings and price target increases for MetLife. MetLife's stock price jumped 1.7%.
Full articleSummary: FedEx Co. saw its stock rise by 0.3% during mid-day trading on Monday and is currently rated as a 'Moderate Buy' by analysts with an average price target of $301.33. The company recently beat earnings estimates and declared a quarterly dividend. Insiders, including Chairman Frederick W. Smith, have been selling shares, while institutional investors have been increasing their positions in the company.
Full articleSummary: Paypal (PYPL) stock has experienced a slight increase in the most recent trading session, lagging behind the S&P 500 but outperforming Computer and Technology sector's loss. Market participants are anticipating Paypal's upcoming earnings release on April 30, 2024, with positive estimates for EPS and revenue growth. However, recent revisions to analyst estimates have led to Paypal currently holding a Zacks Rank #4 (Sell). Valuation metrics such as Forward P/E ratio and PEG ratio also indicate significant aspects for investors to consider.
Full articleSummary: Cognizant and Microsoft announced an expanded partnership to leverage Microsoft's generative AI and Copilots in transforming enterprise business operations and enhancing employee experiences, aiming to accelerate cross-industry innovation and contribute to economic growth in the U.S. and India.
Full articleSummary: Zacks.com provides analyst reports for Costco Wholesale Corp. COST, NIKE, Inc. NKE, and Fiserv, Inc. FI, highlighting their outperformance in their respective industries and the key factors affecting their performances.
Full articleSummary: Broadcom, after acquiring VMware, is facing backlash for transitioning from perpetual licenses to subscriptions, causing widespread criticism and concerns among customers and critics. The move is met with resistance due to concerns over exorbitant price increases, restrictive licensing terms, and unfair billing changes.
Full articleSummary: Exxon Mobil (XOM) stock closed at $120.56 with a +0.57% movement, underperforming S&P 500 and Nasdaq but outperforming Oils-Energy sector. Analysts project a decline in earnings per share for the forthcoming earnings report on April 26, 2024. Exxon Mobil currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 12.35.
Full articleSummary: Japan's anti-trust authority took its first action against Google for possible unfair activities against its Japanese rival, requiring Google to commit to not restricting its technology provision under the contract to Yahoo, a Japanese online platform under LY Corp.
Full articleSummary: Chevron's stock (CVX) showed a positive swing in the recent trading session and outperformed the market with a monthly increase in share price. Analysts are eagerly anticipating the upcoming earnings disclosure with a projected decrease in EPS but an increase in revenue compared to the previous year.
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