WOC Street Instant Insights @ March 8th

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👋 Hey AI, find important news and potential impact on stock prices.
🫡 Here are some must-read news today that may have stock influences.
Business Wire

BearishShortTermXEL

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Xcel Energy Inc. (XEL) on Behalf of Investors

  1. Xcel Energy Inc. is under investigation for possible violations of federal securities laws.
  2. Stock price fell $8.10, or 14%, over two consecutive days due to wildfire-related news.
  3. Company's equipment likely involved in ignition of Texas wildfire, causing significant damage.
Save you 3 mins
Full Article
Forbes

BearishShortTermLLY

What Is Donanemab? Eli Lilly's Alzheimer's Drug Gets Delayed Decision From FDA

  1. FDA delays decision on Eli Lilly's Alzheimer's drug without specified timeline.
  2. Delay due to advisory committee need to assess donanemab's safety and efficacy.
  3. Donanemab could be the second FDA-approved Alzheimer's drug targeting amyloid plaque.
Save you 6 mins
Full Article
Investopedia

BearishShortTermCOST

4 Key Takeaways From Costco's Earnings Call

  1. CFO Richard Galanti's final call, new CFO Gary Millerchip to take over.
  2. Speculation on Costco's transparency and monthly sales reports under new CFO.
  3. Galanti hints at inevitable membership price increase, confident in current membership numbers.
  4. Recent crackdown on membership sharing showing positive impact.
  5. Improvements in digital experience, faster loading times on app, introduction of Apple Pay.
Save you 6 mins
Full Article
CNBC

BearishShortTermGM

GM cuts Chevy Blazer EV price as sales restart following software issues

  1. GM is lowering prices on Chevrolet Blazer EV due to software issues.
  2. Production was halted for 11 weeks, but issues were software-related and fixed.
  3. VP of GM stated issues were rare but disruptive and range from small bugs.
  4. GM implemented testing matrix for physical and coding tests during the halt.
Save you 3 mins
Full Article
seekingalpha.com

BullishLongTermXOM

Exxon Mobil: Legal Brawl First, Then Beat The Market To A Proper Valuation (NYSE:XOM)

  1. Exxon Mobil facing market challenges due to oil price declines in 2015 and 2020.
  2. Company undergoing cost-cutting program and gearing up for legal battle over Guyana.
  3. Earnings history shows early cost-cutting success and future growth potential.
  4. Future profitability projections impacted by management approach and industry conditions.
  5. Exxon Mobil remains undervalued and offers long-term growth potential for investors.
Save you 9 mins
Full Article

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