Dow slams milestone 40,000 after Walmart announced blockbuster profits
https://kwhen.com/finance/news/cbfa53ef-e8df-494a-b8d6-53b944c82750
Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.
Chubb Ltd. (CB) saw a strong bullish movement in the market today, amidst overall positive market sentiment with a focus on company-specific news affecting stock prices.
CB stock is up 5.1% on May 16, 2024 18:55
https://kwhen.com/finance/news/cbfa53ef-e8df-494a-b8d6-53b944c82750
Plug Power (NASDAQ:PLUG) stock is in the news Thursday after the company announced a contract with Allied Green Ammonia in Australia. This is a Basic Engineering and Design Package (BEDP) contract with the green ammonia production company for a three-gigawatt electrolyzer plant supplying hydrogen to the company’s facility. Plug Power CEO Andy Marsh said the following about this and other contracts. “Moving this major green hydrogen-to-ammonia project to the BEDP phase is a sign of its maturity in the development process. In total, we now have 7.5 GW of BEDP contracts globally to support our growth targets.” Plug Power notes that the final investment decision for Allied Green Ammonia’s plant is set for Q4 2025. The company is also set to start delivering Proton Exchange Membrane electrolyzers to Allied Green Ammonia in Q1 2027.
https://investorplace.com/2024/05/plug-stock-alert-plug-power-strikes-new-hydrogen-deal-in-australia/
Nvidia (NASDAQ:NVDA) stock is in the news Thursday after the company announced a new deal with Northrop Grumman (NYSE:NOC). Northrop Grumman’s agreement with Nvidia gives it access to the graphics card company’s artificial intelligence (AI) platform. This is another example of the increasing demand NVDA is seeing lately for its AI services. According to a press release, this covers Nvidia’s AI and generative AI software as well as its platforms and frameworks. Included in that is Nvidia Omniverse. Anthony Robbins, vice president for the North America public sector at Nvidia, said the following about the deal. “NVIDIA’s AI platform is at the forefront of the industry, driving innovation that solves difficult challenges. Northrop Grumman is the latest example of how businesses and organizations around the world are increasingly using NVIDIA AI software to deliver on the enormous potential of AI.”
https://investorplace.com/2024/05/nvda-stock-alert-northrop-grumman-locks-into-nvidia-deal/
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Walmart Inc. (WMT), up $3.71 to $63.53. The retailer’s first-quarter financial results beat analysts’ forecasts. Deere & Co. (DE), down $14.69 to $399.33. The agricultural equipment maker trimmed its profit forecast for the year. Under Armour Inc. (UAA), up 15 cents to $6.95. The sports apparel company beat Wall Street’s fiscal fourth-quarter earnings forecasts. AST SpaceMobile Inc. (ASTS), up $1.44 to $3.83. The satellite maker announced a deal with AT&T to provide a space-based broadband network directly to cell phones. Canada Goose Holdings Inc. (GOOS), up $1.89 to $13.31. The high-end coat maker beat analysts’ fiscal fourth-quarter earnings and revenue forecasts. Freeport-McMoRan Inc. (FCX), down 84 cents to $52.77. The copper miner fell along with prices for the metal. Chubb Ltd. (CB), up $9.32 to $262.29. Warren Buffett’s Berkshire Hathaway disclosed it had built an ownership stake in the insurer.
https://wnyt.com/business-news/walmart-canada-goose-rise-deere-freeport-mcmoran-fall-thursday-5-16-2024/
Warren Buffett has revealed his “mystery stock” to be Chubb (NYSE:CB), sending shares of the insurer higher. Buffett first purchased CB stock during the third quarter of 2023, although he requested confidential treatment of his position. This was likely done in order for Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) to build up a sizable stake without affecting the share price with a public disclosure. As one of the most famous hedge fund managers of all time, any stock that Buffett buys will likely see a surge in price as soon as the purchase is disclosed to the public. Berkshire picked up an initial stake of 8.14 million shares in Q3 2023 before increasing its position by 146.82% the following quarter. In Q1 2024, the hedge fund increased its position by another 28.97%, bringing its total stake to 25.92 million shares, or 2.03% of Berkshire’s total 13F portfolio.
https://investorplace.com/2024/05/the-5-biggest-buyers-of-chubb-cb-stock/
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