Benzinga breaks down this weekend’s top stories covered by Barron’s. Here are the articles investors need to read.
In “GE Just Released Its Final Annual Letter. CEO Larry Culp Looks Back, Reluctantly,” Al Root writes that GE CEO Larry Culp has reflected on breaking up General Electric Co. GE in the company’s latest annual letter, expressing optimism for the future of GE Aerospace and GE Vernova citing past challenges such as debt reduction.
In “Meta Is Paying a Dividend. What History Says Will Happen to Stocks Next,” Root says so Meta Platform Inc‘S HALF The first quarterly dividend of 50 cents, announced as shares rose 20.3%, signals a shift in Big Tech’s dividend approach, spurring investor optimism for future earnings similar to those of Microsoft and Apple.
In “ESG Funds Set a Dismal Record. Yet Performance Was a Drag,” Lauren Foster notes that U.S. sustainable funds saw a record outflow of $13 billion in 2023, driven by poor ESG performance and reactions, particularly from iShares ESG Aware USA ETF JUMPwhile total assets still reached $323 billion at year-end.
In “Apple Shares Hold Up Despite Weak Guidance as Investors Refocus on Artificial Intelligence,” writes Eric J. Savitz the Apple company‘S AAPL The weak outlook briefly affected the stock, but analysts, including Morgan Stanley’s Erik Woodring, anticipate positive developments at the Worldwide Developers Conference in June, despite ongoing fundamental and valuation concerns.
In “Tesla Stock Is Down. Don’t Blame the Latest Recall, Blame Ford Instead,” Root and Rupert Steiner point out that Tesla Inc‘S TSLA shares fell 1.9% on disappointing forecasts, NHTSA investigations and concerns about slowing EV sales, reflecting challenges in 2024 with slowing sales in China, production disruptions, price cuts and a inventory decline of 24% since the beginning of the year.
Read next: Cathie Wood buys more Tesla shares on Friday, bringing the week’s purchases to a whopping $36 million: Is recovery on the horizon?
This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
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