Company News for June 6, 2024

Zacks Equity Research
·1-min read

  • WalkMe Ltd. WKME shares surged 43% following the announcement that SAP has agreed to acquire the software company in an all-cash deal valued at $1.5 billion.

  • Shares of Intel Corporation INTC rose 2.5% after the company announced that the private-equity firm Apollo Global Management, Inc. APO has agreed to invest $11 billion in Intel's chip manufacturing plant in Leixlip, Ireland.

  • Hewlett Packard Enterprise Company HPE jumped 10.7% after reporting fiscal second-quarter adjusted earnings per share of $0.42, surpassing the Zacks Consensus Estimate of $0.38 per share.

  • CrowdStrike Holdings, Inc. CRWD shares gained 12% after the company reported first-quarter revenues of $921 million, outpacing the consensus estimate of $904.8 million.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Intel Corporation (INTC) : Free Stock Analysis Report

Apollo Global Management Inc. (APO) : Free Stock Analysis Report

Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report

CrowdStrike (CRWD) : Free Stock Analysis Report

WalkMe Ltd. (WKME) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Singapore Airlines’ CEO gets pay bump after record annual profit

    Singapore Airlines Chief Executive Officer Goh Choon Phong was paid S$8.11 million ($6 million) last financial year, a 21% increase from the previous period.

  • Now you can invest in digital gold from just RM10 with your TNG eWallet

    KUALA LUMPUR, July 2 — Malaysians can now invest in digital gold securely and conveniently from as low as RM10 following...

  • Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

    Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.

  • How do you count? Anwar asks Perikatan amid debate over proposed GIP acquisition of MAHB shares

    KUALA LUMPUR, July 1 — Prime Minister Datuk Seri Anwar Ibrahim today maintained that Malaysia is not at risk of losing c...

  • Singapore to tighten casino rules to counter terrorism funding

    Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organisations.

  • Zacks Investment Ideas feature highlights: Nvidia, Super Micro Computer and Broadcom

    Nvidia, Super Micro Computer and Broadcom are part of the Zacks Investment Ideas article.

  • British couple become wealthier than Larry Fink after £2.5bn BlackRock deal

    A husband and wife duo who built an outdoor theatre on the grounds of their Suffolk farm estate have been catapulted into Britain’s rich list after netting £2bn from the sale of their financial data business.

  • Preqin's founder nets £2bn payday as BlackRock comes calling

    A British data and analytics business founded 21 years ago was today snapped up for £2.55bn – four-fifths of which will go to its founder. Preqin, which specialises in providing data and information on the private equity sector and other alternative assets, is being bought by BlackRock, the world's biggest asset manager. The sale will net approximately £2.04bn to Valhalla Ventures, the family holding company of Mark O'Hare, Preqin's founder.

  • New Strong Buy Stocks for July 1st

    EAT, APOG, DAKT, M and HES have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2024.

  • US manufacturing extends slump; inflation pressures ebbing

    U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside. The weakness at the end of the second quarter reported by the Institute for Supply Management on Monday was across the board, with ISM Manufacturing Business Survey Committee Chair Timothy Fiore describing manufacturers as demonstrating "an unwillingness to invest in capital and inventory due to current monetary policy and other conditions." Manufacturing is being pressured by higher interest rates and softening demand for goods, though business investment has largely held up.

  • Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token

    Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish.

  • Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

    Petrobras (PBR) delays the Barracuda-Caratinga FPSO tender for the second time due to difficulty in attracting floater companies for its Campos basin project.

  • Will Fed rate cut be 'reactive or proactive'?

    The June ISM manufacturing data fell short of expectations, reigniting speculation about a potential Federal Reserve rate cut. BCA Research chief US equity strategist Irene Tunkel joins Catalysts to share her insights on the central bank's next moves. Tunkel observes that "bad news appears to be good news" in this context. The slowing economic growth, she argues, creates conditions favorable for a Federal Reserve interest rate cut. She anticipates the first cut could come by the end of the year, partly due to "political uncertainty." However, Tunkel emphasizes that the crucial factor is whether the Fed's rate cut is "reactive or proactive." "I would argue that it may not matter when the Fed exactly cuts interest rates, but it matters what they say, and what is the perception of the market about the trajectory of interest rates," Tunkel tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • Japanese deal for AI champion Graphcore faces national security review

    A proposed Japanese takeover of the British artificial intelligence company Graphcore is facing a national security review amid growing concern over foreign buyers targeting sensitive UK technology.

  • Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

    Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.

  • Morgan Stanley ups Nvidia price target to $144. Here's why

    Morgan Stanley analysts are hiking their price target on Nvidia (NVDA) from $116 to $144 per share over the chipmaker's "compelling narrative" within the AI space. The Morning Brief's Brad Smith and Madison Mills review Morgan Stanley's note and the international competition between dominant chip companies. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Zacks Investment Ideas feature highlights: Lululemon, Nike, Ulta Beauty and ON Semiconductor

    Lululemon, Nike, Ulta Beauty and ON Semiconductor are part of the Zacks Investment Ideas article.

  • Monzo launches tools to tackle phone thieves raiding savings

    The digital bank said the security control tools were the first of their kind to be launched across mobile banking.

  • How to make sure you don’t get underpaid when it comes to state pension

    Getting less than you were expecting could come as a nasty surprise but there are things you can do about it.

  • Jobs data: Key reports investors are eyeing this week

    Investors are on high alert this week as crucial employment data is set to be released. The ADP report and the Labor Department's June employment figures are poised to provide fresh insights into the current state of the job market. Yahoo Finance anchor Josh Lipton joins Wealth! to summarize what is expected from these upcoming reports. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith