Categorie: News

Apple Inc (AAPL-NASDAQ) recently released its financial results for the second quarter of 2024. The company generated total sales of $90.8 billion for the quarter. CEO Tim Cook said: „During the second quarter, we were thrilled to launch and introduce our Apple Vision Pro virtual 3D glasses to the world. We’re also looking forward to our Worldwide Developers Conference in August, where we’ll unveil our next product innovations.”

Apple Inc. will also introduce new releases and updates to its apps this fall, such as iOS 18 , iPadOS 18, macOS Sequoia , watchOS 11 , visionOS 2 and tvOS 18, among others. Updates include things like US national park hikes and custom walking routes in Apple Maps; the ability to pay with rewards and installments using Apple Pay, as well as new facilitation features in Apple Music and a redesigned Apple Fitness+ environment to help users make the most of their extensive exercise and meditation offerings.

Apple Inc. (AAPL-NASDAQ) is also currently developing a revolutionary technology, personal robotics for use in the home. Services such as the App Store, TV+ and Apple One packages also ultimately depend on the iPhone and other devices to function. Therefore, it is imperative that the company stays at the forefront of hardware innovation and keeps up with the competition in the AI space, and the new personal robotics industry will be a great boon. Apple Inc.’s business remains heavily dependent on iPhones, which account for more than half of its revenue.

Apple Inc (AAPL-NASDAQ) pays regular quarterly attractive dividends to its shareholders. The dividend yield is currently 0.43% p.a. The actual dividend amount has been approved by the company’s general meeting of shareholders at $0.25 per share. The average high estimate target price has been set by tipranks.com analysts for the short to medium term investment horizon at $275.00 per share.

Philip Morris International (PM:NYSE) has been recognized by Forbes magazine’s 2024 Net Zero Leaders (the so-called Forbes 2024 Net Zero Leaders ) as the top 100 public US company in reducing greenhouse gas (GHG) emissions from its products. CEO of Philip Morris International Inc , Jacek Olczak said: „As we transform our company towards a smoke-free future, we are striving to do so in the most sustainable way possible, including leading the way in decarbonisation. We are honored to be recognized by Forbes as the highest ranked company among companies at the forefront of working toward net zero.”

Philip Morris International Inc. (NYSE:PM) is an American multinational company that develops and manufactures cigarettes and tobacco in more than 180 countries. The company was founded in 1847. The company is headquartered in New York, USA and is a subsidiary of Altria Group. The Chief Executive Officer of Philip Morris International Inc (NYSE-PM) is Jacek Olczak. The company employs 82,700 tribal workers. Philip Morris International (PMI) is actively developing its products for a smoke-free future and has long been evolving its portfolio to include products outside the tobacco and nicotine sectors. The company’s current product portfolio consists primarily of cigarettes and smokeless products. Since 2008, PMI has invested over $12.5 billion in development. The company’s goal is to develop and commercialize innovative smoke-free products for adults, with the goal of completely ending the sale of conventional cigarettes. This direction includes building a world-class scientific team comprised of experts in preclinical systems toxicology, clinical and behavioral researchers, including experts in post-marketing studies.

Philip Morris International Inc. (NYSE:PM) stock outlook for 2024

Brokerage analysts at Thomson Reuters expect that the company will report earnings of $6.30 per share for the fiscal year 2024. This is primarily due to IQOS products, which accounted for 39% of total net income for 2023. In Japan and Korea, IQOS products even made a full two-thirds of total net income. In Europe, IQOS sales exceeded 10% of total revenue for the first time. Philip Morris International (PM:NYSE) generated total sales of $35.174 billion for fiscal year 2023. Operating profit of USD 11.556 billion. After deducting all expenses, the company earned a net profit of USD 7.813 billion. The company has total assets of USD 65.304 billion.

Philip Morris International (PM:NYSE) also pays attractive regular dividends to its shareholders. The dividend yield is currently 5.14% per annum and the actual dividend amount has been approved by the company’s AGM at $1.30 per share. Shares of Philip Morris International Inc. According to analysts at brokerage firms and financial strategists at investment banks, the share price can be expected to rise in the short to medium term investment horizon, where the average target price of the stock has been set at $109.14 per share.

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The Home Depot, the world’s largest home furnishings retailer, reported financial results for the first quarter of 2024. The company generated total sales of $36.4 billion. This is a decrease of 2.3% in total sales compared to the same quarter of the previous year. Net profit for the first quarter of fiscal year 2024 was USD 3.6 billion, down 7.7%. At the end of the first quarter, the company operated a total of 2,337 retail stores in 50 states in the U.S., the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs approximately 465,000 associates.

Despite the decline in quarterly sales, the company presents its fiscal 2024 outlook, which includes 53 weeks of operating results. In addition, in March, the company entered into an agreement to acquire SRS Distribution Inc (SRS), which it had already purchased for $18.25 billion. The move by Home Depot expanded the company’s addressable market by $50 billion. This acquisition of SRS gave Home Depot a stronger presence with its premium customers, a category in which competitor Lowe’s had an advantage. Home Depot CEO Ted Decker said: „SRS is an industry leader with a productive history across all DIY sectors.” The acquisition of SRS brings Home Depot assets including more than 7,000 professional tribal salespeople with more than 760 locations and a company fleet of 4,000 vehicles.

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The Home Depot, Inc (NYSE-HD) also pays a regular, quarterly dividend to its shareholders. The dividend yield is currently 2.53% per annum and the actual dividend amount has been approved by the company’s board of directors at $2.25 per share. The Home Depot’s stock has become very popular with multinational investment companies and private investors, and brokerage analysts believe that the share price can be expected to rise in the short to medium term investment horizon. The average target price has been set at $382.36 per share.

Amazon Inc (Nasdaq:AMZN) has returned to its all-time high stock price this year. Following the company’s first-quarter earnings report in late April, Amazon stock analysts are bullish on the tech giant, with operating cash flow up 82% to $99.1 billion over the past twelve months, compared to $54.3 billion for the twelve months ended Dec. 31. Free cash flow improved to an inflow of USD 50.1 billion over the last twelve months compared to an outflow of USD 3.3 billion for the last twelve months ending March 31, 2023.

This increase in profits and its ability to fend off rivals in the cloud computing market has ensured its dominance across all multinational technology companies. With a market capitalization of over $1.95 trillion, Amazon is one of the most valuable companies in the world. The company currently shares AI leadership with Microsoft (MSFT) in cloud services through Amazon Web Services or AWS.

Amazon.com, Inc. (NASDAQ: AMZN) also announced on Thursday, June 13, 2024, that it has closed a $230 million commitment to accelerate the creation of generative AI applications, for startups, or small companies, around the world. This AWS credit will provide companies with the learning and education to leverage artificial intelligence (AI) and machine learning (ML) technologies. This first part of the new commitment will fund the second cohort of the AWS Generative AI Accelerator, a program that will provide hands-on expertise and a credit of up to $1 million to each of the top 80 startups using generative AI to solve complex problems. Applications for the AWS Generative AI Accelerator system will be accepted until July 19, 2024.

Vice President of Artificial Intelligence Products at AWS Matt Wood said: „For more than 18 years, AWS has helped more startups build, launch and scale their businesses than any other cloud provider – it’s no coincidence that 96% of all AI/ML unicorns run on AWS.””With this new effort, we’ll help startups start and scale world-class businesses, providing them with the building blocks they need to unleash new AI applications that will impact every aspect of how the world learns, connects and does business.”

The AWS Generative AI Accelerator identifies top early-stage startups that are using generative AI to solve complex problems in areas such as financial services, healthcare and life sciences, media and entertainment, business, and climate change, among others. Participants will have access to sessions on ML performance improvement, stack optimization, and go-to-market strategies. The 10-week program will connect participants with industry-based business and technical mentors. Startups will each receive up to $1 million in AWS credits to help them build, train, test, and launch their generative AI solutions. They will also have access to industry experts, technology and technical sessions from NVIDIA, a program partner, and will be invited to join the NVIDIA Inception program , which is designed to support cutting-edge startups.

Chart source : www.tipranks.com

Amazon Inc. also delights customers with fast and convenient delivery. With more than 2 billion global orders arriving the same or next day in Q1, Amazon delivered to Prime members at its highest-ever rate. In March, in the 60 largest U.S. regions, nearly 60% of orders arrived to Prime members the same or next day, and in London, Tokyo and Toronto, 3 out of 4 items were delivered the same or next day.

42 Wall Street brokerages have increased their price targets on shares of Amazon Inc (NASDAQ:AMZN). The average target price has been set at $221.20 per share for the short to medium term investment horizon.

Marriott International, Inc (NASDAQ-MAR) recently released financial results for the first quarter of 2024. The company increased total sales by 4% year-over-year to $1.142 billion. Net income for 1Q2024 was $564 million. The company built 46,000 new rooms during the first three months of 2024 and had more than 202,000 rooms under construction at the end of the first quarter.

President and CEO of Marriott Inc. Anthony Capuano said, „We were pleased with our first quarter results, which included both rapid new construction and revenue generation. Our international markets were particularly strong, posting gains with an 11% increase. Revenue growth in Asia Pacific and China was 17%. „We are excited about the launch of the MGM Collection with Marriott Bonvoy, a strategic agreement with MGM Resorts International , which added nearly 37,000 rooms to our system. We saw excellent initial booking rates and loyalty card redemptions.”, „Our first quarter results underscore the resilience of our asset-focused business model and the strength of our brands. We are raising our full-year earnings estimates and now expect to return between $4.2 billion and $4.4 billion to shareholders this year.”

The company also announced via press release that it has renovated three luxury resorts of more than 1,000 rooms at Pelican Hill, Turtle Bay Resort and the Midtown luxury hotel in New Yourk. These luxury resorts will join Marriott’s first-class Bonvoy brand. The company also revealed its newest brand of hotels named Project Mid-T. This brand is designed primarily for redevelopment of existing hotels or reuse of office space and is aimed at mid-market clients.

Marriott International Inc (NASDAQ-MAR) also pays a regular quarterly dividend to its shareholders. The dividend yield is 1.10% per annum and the actual dividend amount has been approved by the company’s general meeting of shareholders at $0.63 per share. The high estimate average target price was set at $255.28 per share.

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Dr. Lisa Su, Chairman and CEO of Advanced Micro Devices, Inc (NASDAQ: AMD ), announced via press release that she will deliver the opening keynote speech at COMPUTEX, which will be held from June 4-7, 2024 in Taipei, Taiwan. The company will also launch a campaign on June 3, 2024 at the Taipei Nangang Exhibition Center, ,, „The Future of High Performance Computing in the AI Era” CEO Dr. Lisa Su, said that they will join with partners and customers to explore how AMD is pushing the boundaries of artificial intelligence and high-performance computing from data centers to end-user devices and appliances.

AMD is also gaining 33% of the global server CPU market and preparing for a major launch of new processors. Among other things, the company is also partnering with Microsoft Corp (NASDAQ: MSFT ), which uses AMD processors and servers in its data centers, such as the Azure cloud. The two companies have a long history of working together on graphics processing units (GPUs) for smartphones and high-bandwidth memory (HBM) chips, which are key to artificial intelligence devices.

AMD’s major clients include American Express Co (NYSE: AXP ), Shell Plc (NYSE: SHEL ) and STMicroelectronics NV (NYSE: STM ). AMD also announced plans to launch next-generation PCs with artificial intelligence in the second half of the year, which could significantly refresh the PC market. This speaks to the high potential of the company, which has seen its stock rise 33% in 12 months. Advanced Micro Devices, Inc (NASDAQ:AMD) is also likely to expand its partnership with Samsung Electronics Co (OTC:SSNLF) to develop technology to process 3-nanometer chips. This was also announced by AMD CEO Lisa Su at the imec ITF World 2024 conference in Belgium, where she said that these plans to mass produce next-generation chips with 3nm Gate-All-Around (GAA) technology are a reality.

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These facts have attracted multinational investment corporations and private investors to buy shares of Advanced Micro Devices Inc (NASDAQ:AMD), for which an average target price of USD 192.56 per share has been set for the short to medium term investment horizon.

The company recently released its financial results for the first quarter of 2024. For the first quarter of 2024, Amazon Inc (Nasdaq : AMZN) posted record revenues. Total sales increased 13% to $143.3 billion in the first quarter compared to $127.4 billion in the same quarter of the previous year. Sales in North America increased 12% year-on-year to US$86.3 billion. International segment sales increased 10% year-over-year to $31.9 billion, an increase of 11% excluding changes in foreign exchange rates. AWS segment revenue increased 17% year-over-year to $25.0 billion. Net income increased to $10.4 billion in the first quarter. Net income for the first quarter of 2024 includes, among other things, a pre-tax valuation loss of $2.0 billion, which was included in non-operating expenses from the investment in common stock of Rivian Automotive, Inc.

Operating cash flow increased 82% to $99.1 billion over the past twelve months compared to $54.3 billion for the twelve months ended March 31, 2023. Free cash flow improved to an inflow of $50.1 billion over the past twelve months compared to an outflow of $3.3 billion for the twelve months ended March 31, 2023.

Amazon President and CEO Mr Andy Jassy said: „It’s been a good start to the year across our company, which is evident in both our improved customer support and financial results.” „The combination of companies renewing their efforts to modernize their infrastructure and the attraction with AWS’ artificial intelligence capabilities is once again accelerating AWS’ growth rate (now at $100 billion in annual revenue)”

Amazon is obsessed with making customers’ lives better and easier every day with new and improved products and services. This applies to consumers, sellers, brands, developers, businesses and creators.

Amazon Inc. also delights customers with fast and convenient delivery. With more than 2 billion global orders arriving the same or next day in Q1, Amazon delivered to Prime members at its highest-ever rate. In March, in the 60 largest U.S. regions, nearly 60% of orders arrived to Prime members the same or next day, and in London, Tokyo and Toronto, 3 out of 4 items were delivered the same or next day.

23 Wall Street brokers raised their price targets on the stock as the online retail giant posted a 14% increase in sales in the holiday quarter, pointing to strong spending despite a tight economy. The average target price was set by the multinational investment corporations for the short- to medium-term investment horizon at $220.00 per share.

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Alphabet Inc (NASDAQ-GOOGL) for the first quarter of 2024 saw its total sales increase 15.4% year-over-year to $80.539 billion. Operating profit saw an even higher increase, up 46% to $25.472 billion. After deducting all expenses, the company earned a net profit of USD 23.662 billion with a 57% year-on-year increase. Google reported advertising revenue of $61.66 billion. A year ago, it was USD 54.55 billion. Google’s core advertising business is picking up again after difficult years in 2022 and 2023, with profits increasing globally thanks to falling interest rates and diminishing inflation concerns. Operating income in Google’s cloud business more than quadrupled to $900 million, evidence that the company has begun to generate significant profits after investing heavily in development to keep pace with Amazon and Microsoft. To secure the trust of existing consumers who use Google tools, the company has increased its investment in developing artificial intelligence, adding generative features to search and other services. CEO Sundar Pichai said: „Our leadership in AI research and infrastructure and our global product footprint positions us well for the next wave of AI innovation.”

The company also said that its board of directors has authorized a share buyback for an additional $70 billion. The company also pays a regular quarterly dividend to its investors, which currently has a dividend yield of 0.47%. The actual dividend amount was approved by the company’s AGM at USD 0.20 per share. The Company has also recently announced through a press release the last trading day for the use of the quarterly dividend, the „Ex Dividend Date”, which will be 10 June 2024 and the „Pay Date”, which will be 17 June 2024. According to the multinational investment corporations, the share price of Alphabet Inc (NASDAQ-GOOGL), can be expected to be in a bull market trend, that is, an uptrend in the share price. The average target price for the short- to medium-term investment horizon was set at $189.79 per share.

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NVIDIA Corp (NASDAQ-NVDA) continues to emerge as an outstanding company, especially for its solid performance since the start of this year 2024. Nvidia stock has started the year with strong momentum and has surged over 96% year-to-date, approaching the $1,000 milestone in March. However, that growth has stalled at $974 per share. Currently, Nvidia is in a consolidation phase, with its stock price oscillating between $756 and $974 per share. Many investors consider Nvidia the ultimate artificial intelligence (AI) stock , thanks to its dominance with AI chips. As a result, Nvidia stock has risen sharply in recent years. In 2024 alone, the stock is up more than 70%. Competitors such as Advanced Micro Devices and Intel are trying to release ever better chips to compete with Nvidia and to push ahead of Nvidia in the market in the future.

NVIDIA Corp (NASDAQ-NVDA) created the CUDA parallel computing platform to make GPUs available for mainstream computers, and in recent years, Nvidia’s AI business has taken off. Today, Nvidia still serves the gaming industry, but its core AI revenue far exceeds its gaming revenue. In the most recent quarter, data center revenue, which includes the AI business, grew 400% to more than $18 billion, while gaming revenue grew 59% to $2.9 billion.

NVIDIA CEO Jensen Huang said: „Our strong growth reflects a significant transition from a standard trading platform, to a modern one, through powerful computing and generative artificial intelligence.” The company also said that startups in AI and global cloud services were early movers and more are starting to emerge. Countries are currently investing heavily in AI clouds and proprietary AI for automation across the world’s largest industries to meet demand in their country. According to Nvidia Corp, the AI era is taking off, with GPUs, NVIDIA processors, networking, AI services, foundries and NVIDIA AI Enterprise software being the company’s engines that are currently running at full throttle.

The Artificial Intelligence (AI) sector is rapidly evolving and AI technologies are transforming various industries including healthcare, automotive, finance, etc. Companies operating in this sector are developing AI to increase work efficiency in automating processes, creating new products and services.

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According to experienced Bernstein analyst, Stacy Rasgon, investors who are currently investing their funds in the stock just (NVDA) are particularly concerned about the sustainability of long-term growth, thanks to the strong share price growth. Among other things, Nvidia ( NVDA ) has far outpaced most of the market in terms of share price appreciation, rising over 240% in 12 months. NVIDIA Corp (NASDAQ-NVDA) also pays regular quarterly dividends to its shareholders. The dividend yield is currently 0.019% per annum and the actual dividend amount has been approved by the company’s general meeting of shareholders at $0.030 per share. The average target price for the short to medium term investment horizon has been set at US$1,005.59 per share. 

The Home Depot, Inc (NYSE-HD) will buy SRS Distribution for $18.25 billion. The move will expand Home Depot’s addressable market by $50 billion. The acquisition of SRS will give The Home Depot a stronger presence with its customers in premium products, a category in which competitor Lowe’s had an advantage. Home Depot CEO Ted Decker said: „SRS is an industry leader with a productive history across all DIY sectors.” The acquisition of SRS brings Home Depot assets including more than 7,000 professional tribal salespeople with more than 760 locations and a company fleet of 4,000 vehicles. The company has expanded its product offerings in the furniture, decoration and pet segments. The company also plans to invest US$172.16 million this year to expand its market share in Mexico, adding in a statement that it intends to open 12 more stores in Mexico over the next few years to reach a total of 150 stores.

The Home Depot, Inc (NYSE-HD) generated total sales of $152.7 billion for fiscal year 2023. Gross sales were $21.69 billion. After deducting all expenses, the company earned $15.14 billion. Total assets are USD 76.53 billion. Shareholders’ equity is USD 1.044 billion. The company employs 463,100 tribal workers.

The Home Depot, Inc (NYSE-HD) also pays a regular, quarterly dividend to its shareholders. The dividend yield is currently 2.67% per annum and the actual dividend amount has been approved by the company’s board of directors at $2.25 per share. Shares of The Home Depot have become very popular with multinational investment companies and private investors, and brokerage analysts believe that the share price can be expected to rise in the short to medium term investment horizon. The average target price has been set at $388.00 per share.

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