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Lockheed Martin Set For Lift-Off: Is A Golden Cross On The Horizon?

Lockheed Martin’s Q1 earnings report showed impressive net sales growth of 13.7%, leading to a potential bullish trend reversal with the Golden Cross signal. Analysts predict a 10%+ upside potential for the stock. Latest Ratings for LMT DateFirmActionFromTo Mar 2022Wells FargoMaintainsEqual-Weight Mar 2022Morgan StanleyMaintainsOverweight Feb 2022Wolfe ResearchUpgradesPeer PerformOutperform View More Analyst Ratings for LMT View […]

Struggle For Hertz Continues As Stock Loses 23% – Here’s Why

Hertz Global Holdings faces a dip in shares post-reporting a 1.6% sales uptick to $2.04 billion in Q1 FY24, slightly exceeding forecasts. Despite a 10% rise in average rentable vehicles, challenges persist with a 7% decline in total revenue per day (RPD). CEO Gil West attributes the performance setback to fleet and direct operating costs, […]

Is Baozun’s Risky Leap Into Brand Management Starting To Pay Off?

Key Takeaways: Baozun’s revenues rose 5% last year following its acquisition of Gap China, which represented 14% of total annual sales Product sales from the company’s older e-commerce business fell by 21% last year, while e-commerce services revenue also slumped by 5% By Edith Terry read more

Altria’s Marlboro Shipment Volume Plunges 8.7% In Q1 – What’s Going On?

Altria Group beats expectations with a 2.5% year-on-year sales growth to $5.58 billion in Q1 FY24. Despite a decline in smokeable products revenue, gains in oral tobacco products and other segments offset the decrease. Altria’s adjusted EPS of $1.15 meets forecasts. read more

Mark Zuckerberg Says ‘Tens Of Millions’ Users Have Already Tried Meta AI, And People Are ‘Asking Us To Release…Wherever They Are’

Meta Platforms CEO Mark Zuckerberg revealed that the initial release of the new version of Meta AI has been well-received. read more

GM Unveils Plans For Autonomous Driving Unit Cruise Relaunch After Hiatus, Expects $1.7B In Expenses

Detroit-based automaker General Motors on Tuesday detailed its plans for the relaunch of its autonomous driving unit Cruise, months after it paused operations owing to the involvement of one of its robotaxis in an accident in San Francisco. read more

Walgreens Expands Specialty Pharmacy Business To Include Gene and Cell Services: Details

Walgreens Boots Alliance elevates its specialty pharmacy services with the launch of Walgreens Specialty Pharmacy. With a focus on patient outcomes and partnerships, the initiative introduces gene and cell therapy solutions, anchored by an Innovation Center in Pittsburgh. read more

Elon Musk Laughs As X User Quip On Nvidia CEO Jensen Huang’s Picture With Sam Altman And Greg Brockman: ‘Is Ilya In The Box?’

Elon Musk humorously responded to a user’s joke about the whereabouts of former OpenAI chief scientist Ilya Sutskever, following a post by Greg Brockman showcasing a photo with Sam Altman and Nvidia CEO Jensen Huang. read more

US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: ‘Worst Of This Two-Week Decline Is Behind Us,’ Says Analyst

The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.’s (NASDAQ:META) read more