Weekend Reading Summary
Macro Related:
- Far Right National Rally party takes lead in first round of France's parliamentary elections with 34% of vote, but could be short of absolute majority after final round next weekend (EWQ). CNN
- President Biden's family and key congressional Democrats are urging him to stay in the 2024 presidential race (Mr. Biden said Friday he will not drop out). NY Times
Stock Specific:
- Positive views on AAPL, GOOG, IRTC, DXCM, ABT. Barron's
- Cautious view on Nvidia (NVDA). Barron's
- Positive view on Campbell Soup (CPB). Barron's
- Positive views on YELP, SMPL, CVLT, EEFT, GMS, POWL. Barron's
- Positive views on XOM, CTRA, EOG, OXY. Barron's
- DOJ expects to change Boeing (BA) with fraud. Bloomberg
- Lambda Labs aims to raise $800 mln (NVDA). FT
- Verizon (VZ) must pay $847 mln for violating 5G patents. Bloomberg
- Hurricane Beryl expected to enter Caribbean (USO, XLE, HD, LOW, GNRC). Weather
- Walgreens (WBA) Boots sale plans stall as Boots executive departs. Reuters
- Amazon (AMZN) aims to spend more than $100 bln over the next 10 years on data centers. WSJ
- Nomura (NMR) wants to make additional acquisitions. FT
- Judge says Visa (V) and Mastercard (MA) can withstand larger settlement with merchants. Reuters
- Reynolds (REYN) aims to introduce new fruity vaping products. WSJ
- Boeing (BA) restarts China deliveries. Reuters
- Sanofi (SNY) to make Germany investments. Handelsblatt
- Nestle (NSRGY) CEO Markus Schneider in interview expects stable second quarter sales growth. Reuters
- Tech companies want to purchase nuclear energy (CCJ, NLR). WSJ
- EU will soon charge Meta (META) with violation of digital market rules. FT