Reported 3 months ago
In a recent discussion, Jim Cramer praised PepsiCo, calling it an exceptional company with a strong portfolio that includes globally recognized brands. Despite its current stock price being significantly lower than its peak, Cramer believes it's worth much more than its market value. He expressed concerns about potential regulations affecting its snack business but remains optimistic about the company's future, emphasizing that its performance could rebound.
Source: YAHOO
Reported 3 months ago
In this episode of 'Wealth with Brad Smith,' estate planning expert Jere Doyle discusses tax-efficient strategies for passing down a home, which is often a significant asset. He outlines three main methods: gifting the home while alive, selling it to children, or having them inherit it after death. Gifting can lead to tax implications due to capital gains, while inheriting allows for a stepped-up basis, making it the most tax-efficient option. Doyle highlights the potential complexities of each method, pointing out that simplicity often works best in estate planning.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Intel's new chip manufacturing technology, named 18A, represents both a vital opportunity and significant risk for the company as it aims to reclaim its status in the semiconductor industry from TSMC. This process, featuring advanced techniques like gate-all-around transistors and backside power, is intended to enhance chip performance and attract outside clients. However, Intel faces challenges in meeting ambitious goals, recovering from past financial losses, and competing against established players like TSMC, which have already adopted similar technologies. The success of 18A is crucial for Intel's future, with outcomes expected later this year.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Analysts have increased their price forecasts for Deere & Company (NYSE:DE) after the company's second-quarter results, which revealed a 16% year-over-year decline in net sales to $12.76 billion. Despite these challenges, Deere's expected FY25 net income range has been adjusted to between $4.75 billion and $5.5 billion. Raymond James analyst Tim Thein noted a minor impact from tariffs on the Production & Precision Agriculture segment and maintained a price forecast increase from $530 to $560. Overall, the strong second-quarter performance has led to a positive outlook for the company, despite some margin reductions for the second half of the year.
Source: YAHOO
Reported 3 months ago
Global Payments is set to launch its revamped 'Genius' point of sale system in 2025, aimed at providing flexible payment solutions for various business needs. Following a significant acquisition of Worldpay and divestiture of its issuer business, the company seeks to improve its focus on payment technology while competing against rivals like Fiserv, Block, and PayPal. Genius combines existing products with updates tailored for restaurants and retail, and it aims to streamline operations for small to medium-sized businesses. However, analysts express concerns about the integration of Worldpay and the scalability of Genius for larger merchants.
Source: YAHOO
Reported 3 months ago
MySize, an Israel-based e-commerce and AI-driven apparel-sizing company, has acquired the European second-hand fashion marketplace Percentil to expand its footprint in the fashion resale market. With plans to reposition Percentil as a premium market for higher-value second-hand items, MySize aims to build a sustainable circular fashion business. The acquisition, valued at approximately 610,000 euros, allows MySize to launch a B2B resale solution that assists brands in monetizing returns and overstock, aligning with new EU regulations on sustainable textiles. MySize anticipates significant revenue growth from Percentil's integration, enhancing its business profile in the burgeoning second-hand fashion sector.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Arla Foods has confirmed that its factory in Upahl, Germany, has experienced a cybersecurity incident, leading to disruptions in production. The company reported suspicious activity affecting its IT network and stated that measures taken in response to the incident have impacted operations. Experts are working to restore normal functionality, while Arla continues its operations in Germany, which is a significant market for the company.
Source: YAHOO
Reported 3 months ago
Shares of Quantum Computing have soared by 34.5% after the company reported a profitable Q1 and completed its Quantum Photonic Chip Foundry in Arizona. Despite the initial profit due to a noncash accounting gain, optimism remains for future growth within the quantum technology market. However, commercial viability is still years away, making investments potentially high-risk.
Source: YAHOO
Reported 3 months ago
As the US spring buying season begins later than expected, the housing market shows signs of resilience, with a 1.6% rise in housing starts in April, mainly driven by a surge in multifamily construction. Zillow's senior economist highlights that despite recent policy uncertainty and a dip in single-family home starts, factors such as improved affordability and steady mortgage rates could stimulate buyer activity, particularly among first-time homebuyers. With increased assistance options available, the market is anticipated to catch up as the season progresses.
Source: YAHOO
Reported 3 months ago
Warren Buffett's Berkshire Hathaway sold all of its 14.6 million shares in Citigroup as part of a broader reduction in financial sector holdings. Despite this move, Citigroup is undergoing significant restructuring and focusing on streamlining its operations, which may enhance its growth prospects. The bank's net interest income is expected to improve due to strong loan demand and a solid liquidity position. While Buffett's sale may raise concerns, Citigroup's restructuring and growth potential suggest investors might consider holding onto C stock for the time being.
Source: YAHOO