Melius Research News Today

Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Finan...

Couple of participants wanted to cut rates by 50 basis points, and the reason that they pointed to was that inflation has been so low for so long on the other hand, those who argued against any rate cut at all pointed to the solid economy, concerns about financial stability, and that some of the trade uncertainty had diminished over the summer now, we do know which side won that argument, but the minutes show that the voting members on the committee felt that any rate cut should be viewed as, qu...

Adobe topped analyst estimates for its fiscal second quarter and raised its outlook for the full year. Adobe stock surged on the news.

Adobe (NASDAQ:ADBE – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $18.00-18.20 for the period, compared to the consensus EPS estimate of $18.00. The company issued revenue guidance of $21.40-21.50 billion, compared to the consensus revenue estimate of $21.47 billion. Adobe also updated […]

Coastwise Capital Group LLC lifted its stake in The Boeing Company (NYSE:BA – Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,043 shares of the aircraft producer’s stock after acquiring an additional 600 shares during the period. Boeing accounts for about […]

Apple shares rose to a record high Tuesday, a day after the iPhone maker announced its iOS 18, Apple Intelligence, and an artificial intelligence partnership with OpenAI.

Broadcom (NASDAQ:AVGO – Get Free Report) released its earnings results on Wednesday. The semiconductor manufacturer reported $10.96 earnings per share for the quarter, topping analysts’ consensus estimates of $10.78 by $0.18, Briefing.com reports. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.06 billion. Broadcom had a net […]

Mmbg Investment Advisors CO. reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 4,236 shares of the semiconductor manufacturer’s stock after selling 49 shares during the period. Mmbg Investment Advisors CO.’s holdings in Broadcom were worth $4,728,000 as of its most […]

Cullen Capital Management LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 50.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,727 shares of the semiconductor manufacturer’s stock after selling 118,375 shares during the period. Broadcom accounts for […]

A number of research firms have changed their ratings and price targets for Viking (NYSE: VIK): 6/3/2024 – Viking had its price target raised by analysts at Morgan Stanley from $31.00 to $33.00. They now have an “equal weight” rating on the stock. 5/28/2024 – Viking is now covered by analysts at JPMorgan Chase & […]