Sponsored by
Instant Insights
Get Price-Moving News From Today, not Yesterday
Remember to move the mail to the Primary inbox if this mail is in other inboxes.
Keep up with AI
How do you keep up with the insane pace of AI? Join The Rundown — the world’s largest AI newsletter that keeps you up-to-date with everything happening in AI with just a 5-minute read per day.
👋 Hey AI, find important news and potential impact on stock prices.
🫡 Here are some must-read news today that may have stock influences.
seekingalpha.com
BearishShortTermS&P 500
Apple, Microsoft least shorted S&P 500 technology stocks in April (NYSEARCA:XLK)
- Average short interest in S&P 500 tech stocks stable at 1.42% in April.
- Tech sector (XLK) up 7%, underperforming broader market's 9% rise in 2021.
- Top shorted tech stocks: Enphase Energy, Western Digital, Super Micro Computer.
- Least shorted tech stocks: Apple, Microsoft, Trimble.
- Electronic Manufacturing Services most shorted industry in tech sector in April.
Zacks Investment Research
BullishLongTermALC
Alcon (ALC) Q1 Earnings Surpass Estimates, Margins Expand
- Alcon delivered EPS of 78 cents in Q1 2024, beating estimates.
- Net sales were $2.44 billion, up 5% YoY.
- Surgical sales increased 3%, Vision Care sales rose 7% YoY.
- Margins improved: gross margin expanded to 56.2% in Q1.
- Alcon updated 2024 outlook: net sales $9.90-$10.10 billion, core EPS $3.00-$3.10.
InvestorPlace
BullishShortTermAGFY
Merger Magic: 3 Stocks to Play the Corporate Matchmaking Game
- Merger stocks faced setbacks in 2024, but rebounding with opportunities like Agrify (AGFY).
- Agrify expected to be acquired by Nature's Miracle for a 40% premium.
- Agrify's AI-powered cannabis tech and Nature's Miracle's vertical farming create synergies.
GlobeNewsWire
BearishShortTermMULN
Mullen Reports Q2 2024 Fiscal Quarter Results
- Positive stockholders' equity of $117,414,643 as of March 31, 2024.
- $150 million in capital commitments to support scaling of commercial EV operations.
- Recent achievements include FTC status, expanded retail dealer network, and CARB approvals.
- Financial results show a net loss of $235,355,627 for the six months ended March 31, 2024.
- Major investments in working capital adjustments and non-cash adjustments affecting net loss.
Walmart is laying off, relocating hundreds of corporate workers across the country
- Walmart laying off hundreds of corporate workers, shutting offices, and relocating employees.
- Majority asked to relocate to Bentonville, Ark., with some moving to other locations.
- Layoffs come before much-anticipated earnings report on Thursday.
InvestorPlace
BearishShortTermCVX
Merger Mayhem: FTC's Oil Sector Crackdown Puts These 3 Pending Deals at Risk
- ExxonMobil completed a $60 billion acquisition of Pioneer Natural Resources to expand presence.
- Pioneer CEO banned from board seat after FTC found collusion with OPEC.
- Chevron plans to acquire Hess for $53 billion, facing arbitration with Exxon.
Read the Latest Stock News
What's Your Market Prediction For This Week? |
|
Login or Subscribe to participate in polls. |
Disclaimer: The content provided in this Email should be used for informational purposes only and in no way should be relied upon for financial advice.
Reply