TOP 5 STOCKS TO WATCHOUT :
1. #LG : - South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture with automotive supplier Magna International Inc.
The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters, and onboard chargers, according to LG Electronics.
2. #WALMART -The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.
In a civil lawsuit in U.S. District Court in Delaware, the government said Walmart failed to take its gatekeeping duties as a pharmacy seriously, allegations the company rejected.
Walmart, whose shares closed down 1.2% following the news, said in a statement that the "Justice Department’s investigation is tainted by historical ethics violations, and this lawsuit invents a legal theory that unlawfully forces pharmacists to come between patients and their doctors, and is riddled with factual inaccuracies."
3. #KROGER:-After a strong year driven by increased shopping during the pandemic, Kroger's (KR) stock has fallen 30% in the past three months. Does this make the stock a Buy? Read more to find out whether you should consider adding this to your portfolio.
Kroger (KR) has been sliding since hitting $36.60 on September 1. The stock is now down to $30.79, the same level it traded at in early April. Investors have clearly taken some of their profits off the table. Let's take a look at whether KR is worthy of your investing dollars.
4. #ARAMCO:-Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.
Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
Aramco said Saudi Arabia is being added to the global network of Google Cloud Platform regions, as part of a strategic alliance agreement signed between the company and Google Cloud this month.
Google Cloud will establish and operate a new cloud region in Saudi Arabia, while a new company will be formed after required regulatory clearances to supply cloud solutions and services to customers, Aramco said.
5. #MICROSOFT CORP:-Microsoft Corp is working on in-house processors for the servers running its cloud-computing services and Surface line of personal computers, potentially cutting its reliance on Intel Corp, a person familiar with the matter told Reuters.
The chips would use technology from Arm Ltd, the person said, which is in the midst of being acquired by Nvidia Corp for $40 billion.
Microsoft relies heavily on Intel and Advanced Micro Devices Inc to supply the chips for its Azure cloud computing services as well as its Surface PCs.
1. #LG : - South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture with automotive supplier Magna International Inc.
The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters, and onboard chargers, according to LG Electronics.
2. #WALMART -The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.
In a civil lawsuit in U.S. District Court in Delaware, the government said Walmart failed to take its gatekeeping duties as a pharmacy seriously, allegations the company rejected.
Walmart, whose shares closed down 1.2% following the news, said in a statement that the "Justice Department’s investigation is tainted by historical ethics violations, and this lawsuit invents a legal theory that unlawfully forces pharmacists to come between patients and their doctors, and is riddled with factual inaccuracies."
3. #KROGER:-After a strong year driven by increased shopping during the pandemic, Kroger's (KR) stock has fallen 30% in the past three months. Does this make the stock a Buy? Read more to find out whether you should consider adding this to your portfolio.
Kroger (KR) has been sliding since hitting $36.60 on September 1. The stock is now down to $30.79, the same level it traded at in early April. Investors have clearly taken some of their profits off the table. Let's take a look at whether KR is worthy of your investing dollars.
4. #ARAMCO:-Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.
Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
Aramco said Saudi Arabia is being added to the global network of Google Cloud Platform regions, as part of a strategic alliance agreement signed between the company and Google Cloud this month.
Google Cloud will establish and operate a new cloud region in Saudi Arabia, while a new company will be formed after required regulatory clearances to supply cloud solutions and services to customers, Aramco said.
5. #MICROSOFT CORP:-Microsoft Corp is working on in-house processors for the servers running its cloud-computing services and Surface line of personal computers, potentially cutting its reliance on Intel Corp, a person familiar with the matter told Reuters.
The chips would use technology from Arm Ltd, the person said, which is in the midst of being acquired by Nvidia Corp for $40 billion.
Microsoft relies heavily on Intel and Advanced Micro Devices Inc to supply the chips for its Azure cloud computing services as well as its Surface PCs.