Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During...
Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During an earnings call, Wells Fargo analyst Joe Quatrochi asked Arm CEO Rene Haas: "Clearly, data centers are very strong and accelerating, but then how do you think about consumer electronics, smartphones, et cetera ?" Haas responded: So in terms of Q4, as we said before the quarter, we had a bit of a tough comp in that. We had a particularly strong ramp of maybe 400 [ph], a year ago, more so than what we expected this year. As a result, you saw a bit of a slowdown in royalty revenue. As indicated by our guidance, we're expecting that to get back to the kind of 20% range by Q1. So I would say within -- you know, the assumptions within our expectations are, we will probably continue to see unit growth, I think actually flip to negative for the mobile market in this last quarter. We're going to continue to see very flattish, maybe slightly negative numbers for the overall market. Haas' comments about the smartphone slowdown are key because Arm's smartphone exposure remains large, and mobile application processors accounted for about 46% of its total royalty revenue in 2025. Haas has made clear to analysts that the push into data centers and other markets will help offset Arm's high exposure to a softening smartphone market. Royalties, a closely watched metric for Arm, generated $671 million in fourth-quarter revenue, missing the Bloomberg Consensus estimate of $693.3 million. "We're seeing the acceleration of Arm being a significant player in the data center," Haas said in an interview, quoted by Bloomberg. As for the rest of fourth-quarter earnings, Arm beat on total revenue, ad...
(RTTNews) - Lee Enterprises, Inc. (LEE), an American media company, on Thursday reported a reduced net loss for the second quarter, with lower operating expenses cushioning the impact of declining revenue.
(RTTNews) - Lee Enterprises, Inc. (LEE), an American media company, on Thursday reported a reduced net loss for the second quarter, with lower operating expenses cushioning the impact of declining revenue.
Banco Bradesco press release ( BBD ): Q1 recurring net income increases 16.1% y/y, growing for nine consecutive quarters. Revenues surge 14.0% y/y and represent the main driver of improved profitability. More on Banco Bradesco Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Int...
Banco Bradesco press release ( BBD ): Q1 recurring net income increases 16.1% y/y, growing for nine consecutive quarters. Revenues surge 14.0% y/y and represent the main driver of improved profitability. More on Banco Bradesco Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Integrated Health Ecosystem - Slideshow Banco Bradesco S.A. (BBD) Discusses Consolidation of Healthcare Operations and Creation of Integrated Health Ecosystem Transcript Banco Bradesco Q1 2026 Earnings Preview Petrobras continues to lead iShares MSCI Brazil ETF top holdings with Strong Buy rating
Bolivia is returning to international capital markets for the first time in four years, as its new market-friendly government seizes on a tightening sovereign spread to raise fresh financing. The South American nation plans to sell benchmark-sized dollar notes maturing in five years, according to people familiar with the matter. Initial price talks are in the high 9% area, said the people, who ask...
Bolivia is returning to international capital markets for the first time in four years, as its new market-friendly government seizes on a tightening sovereign spread to raise fresh financing. The South American nation plans to sell benchmark-sized dollar notes maturing in five years, according to people familiar with the matter. Initial price talks are in the high 9% area, said the people, who asked not to be identified because the information isn’t public. Investors have warmed to the country’s sovereign notes as President Rodrigo Paz removes fuel subsidies and requests a $3.3 billion International Monetary Fund program in a series of economic reforms for the crisis-ridden nation. The government also made bond payments in March and pledged to meet future debt obligations, which led Moody’s Ratings to upgrade the country’s credit score by one notch and assign a positive outlook in March. Bolivia’s dollar notes were the best performers in emerging markets over the past year, handing investors a return of more than 62%, according to data compiled on a Bloomberg index. The rally has pushed the spread over similarly dated US Treasuries to 362 basis points from over 2,100 points just a year ago. The bonds due in 2030 edged higher on Thursday. Emerging-market sovereigns alone sold $151 billion in hard-currency debt through May 6, up 38% from the same period in 2025, according to data compiled by Bloomberg. Proceeds from the sale will be used for general budgetary purposes. Deutsche Bank and Santander are running the deal.
In this article .SPX SMH .VIX Follow your favorite stocks CREATE FREE ACCOUNT A trader works on the floor of the American Stock Exchange AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 6, 2026. Michael Nagle | Bloomberg | Getty Images Aggressive options trading in the semiconductor stocks is creating a volatility spread that's being used by traders to stay bullish in...
In this article .SPX SMH .VIX Follow your favorite stocks CREATE FREE ACCOUNT A trader works on the floor of the American Stock Exchange AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 6, 2026. Michael Nagle | Bloomberg | Getty Images Aggressive options trading in the semiconductor stocks is creating a volatility spread that's being used by traders to stay bullish in the sector that's rallying the most, while simultaneously hedging risks in the broader market. The trade is fairly simple: sell downside protection in semiconductor names where volatility is expensive, and buy downside protection in the S&P 500 , where it's relatively cheap, with VIX this week touching the lowest levels in three months. Here's why it's uniquely compelling at this juncture. Implied volatility in the VanEck Semiconductor ETF (SMH) is 46, more than 2.5 times that of the S&P 500, where the Cboe Volatility index (VIX) trades around 17. Oftentimes volatility moves down as stocks grind higher, but in the case of chips, where prices are moving parabolic, volatility is rising alongside prices. Stock Chart Icon Stock chart icon VanEck Semiconductor ETF, YTD As a result, traders are shifting some of that call-buying appetite in SMH towards selling of puts instead: on Wednesday, more than 5x more puts were sold versus calls bought. It's still a bullish view on the sector, but more specifically targeting the rich premiums of the options. The second part of the trade is to use that income to go long volatility in the S&P 500 via index puts or VIX calls. 'Win-win' If chips go up, you keep the net credit. If chips go down, the stock market most likely will too, and the S&P puts will pay off. Plus, there's a bonus kicker to the trade: Because volatility in chips has risen with their price, it's possible volatility could come down even if the group sells off – giving traders even more cushion on the puts they sold. Stock Chart Icon Stock chart icon S&P 500, YTD "The premium...
Crane NXT press release ( CXT ): Q1 GAAP EPS of $0.11 misses by $0.32 . Revenue of $387.7M (+17.4% Y/Y) beats by $9.07M . The company is increasing its 2026 full year sales guidance to a range of 15% to 17% inclusive of Antares Vision and maintaining full year adjusted EPS guidance in the range of $4.10 to $4.40. More on Crane NXT Crane NXT, Co. (CXT) Analyst/Investor Day Transcript Crane NXT, Co....
Crane NXT press release ( CXT ): Q1 GAAP EPS of $0.11 misses by $0.32 . Revenue of $387.7M (+17.4% Y/Y) beats by $9.07M . The company is increasing its 2026 full year sales guidance to a range of 15% to 17% inclusive of Antares Vision and maintaining full year adjusted EPS guidance in the range of $4.10 to $4.40. More on Crane NXT Crane NXT, Co. (CXT) Analyst/Investor Day Transcript Crane NXT, Co. (CXT) Analyst/Investor Day - Slideshow Crane NXT, Co. (CXT) Q4 2025 Earnings Call Transcript Nemetschek most oversold mid-cap tech stock amid Middle East crisis Crane NXT outlines 4%–6% 2026 sales growth as international currency demand accelerates
Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President Donald Trump ’s war in Iran. The projection shows that federal tax income for this year will reach €382.1 billion, or €9.9 billion lower than forecast in the previous estimate released in October, the Finance Minist...
Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President Donald Trump ’s war in Iran. The projection shows that federal tax income for this year will reach €382.1 billion, or €9.9 billion lower than forecast in the previous estimate released in October, the Finance Ministry said in an emailed statement. The cumulative drop over the next four years is projected to amount to €52.3 billion. “Today’s tax revenue forecast shows just how much the Iran war is hurting us economically,” Finance Minister Lars Klingbeil said in the statement. “Trump’s reckless war and the resulting global energy price shock are, for the time being, slowing down the positive economic momentum.” The figures paint a grim picture for Chancellor Friedrich Merz ’s coalition at a challenging moment. Facing a fragile economy, officials are under pressure to revive growth, push through far-reaching reforms of the social welfare system, and close a widening budget gaps in the coming years. The updated outlook adds pressure on an already strained budget. The government is still facing shortfalls of about €30 billion in 2028, requiring spending cuts and reforms. The estimate is based on the government’s latest macroeconomic projections, which foresee gross domestic product growth of 0.5% in 2026 — half as much as expected previously — and 1% next year. Germany publishes official tax revenue estimates twice a year, in May and October, which serve as a key basis for budget planning at federal and regional levels. German Coalition Clears Crucial Healthcare, Budget Packages German Finance Ministry Leaves Door Open to Lift Debt Brake Germany Halves 2026 Growth Forecast After Hit From Iran War
Hello World/DigitalVision via Getty Images Pool Corporation ( POOL ) suddenly announced a change in CEO, sending confusion across the market as such a move wasn’t expected. Pool’s financial performance has finally started to stabilize despite persistent macroeconomic volatility; previous sales center investments are yielding results as locations mature. After a major stock crash in recent months, ...
Hello World/DigitalVision via Getty Images Pool Corporation ( POOL ) suddenly announced a change in CEO, sending confusion across the market as such a move wasn’t expected. Pool’s financial performance has finally started to stabilize despite persistent macroeconomic volatility; previous sales center investments are yielding results as locations mature. After a major stock crash in recent months, I finally believe that Pool’s stock valuation reflects fair assumptions. I maintained a Sell rating in my previous July 2025 article on the stock, titled “ Pool Corporation: Getting Caught In Macroeconomic Turbulence After Resilient Q2 ”. The stock has since lost -42% of its value, meanwhile the S&P 500 has returned 14%. My Rating History on POOL (Seeking Alpha) Pool Appoints John Watwood as CEO Pool announced a sudden change in leadership on the 4 th of May. Peter Arvan is stepping down from his position as President and CEO, and also as a member of the Board of Directors. John Watwood, who joined Pool as EVP in January, is stepping up to the role as President and CEO. Watwood brings expertise from industrial parts distribution at Genuine Parts Company ( GPC ). The change became effective immediately. Interestingly, Pool didn’t give a specific reason for the change in CEO. It seems that the move wasn’t planned for long; Pool previously announced plans of an investor day event back in mid-April, but now had to postpone the event only a few days before the planned date. The reason for the change is unsure. Given such ambiguity around the leadership change, I believe that the market is justified in a negative reaction. The stock ended up down -8% on the day following the announcement. Given that Pool reaffirmed its 2026 guidance alongside the announcement, though, the news shouldn't have noteworthy implications on short-term earnings. Finally, Pool's Financial Performance Has Started to Stabilize There is a clear positive in Pool’s recent developments as well; the company’s f...
Investment firm OneMove Capital Ltd. said Sylogist Ltd. ’s board rebuffed attempts to settle a proxy fight, even after the activist investor offered to accept fewer independent director seats. Tyler Proud , whose firm OneMove owns about 15% of the Calgary-based software company, said Sylogist’s board told him that any settlement would require the approval of PenderFund Capital Management Ltd. , an...
Investment firm OneMove Capital Ltd. said Sylogist Ltd. ’s board rebuffed attempts to settle a proxy fight, even after the activist investor offered to accept fewer independent director seats. Tyler Proud , whose firm OneMove owns about 15% of the Calgary-based software company, said Sylogist’s board told him that any settlement would require the approval of PenderFund Capital Management Ltd. , another shareholder with board representation. That dynamic has prevented a compromise ahead of the company’s May 12 shareholder meeting, he said. After originally requesting four seats, “we’ve consistently asked for two independent directors to just settle and focus on the business,” Proud said in an interview. “The board has just repeatedly said no.” Sylogist’s board “welcomes fresh ideas and shareholder perspectives, and made repeated offers to reach an agreement that were reasonable by any measure,” the company said on its website. “Instead of responding constructively, Mr. Proud elected to shift the goalposts, demanding majority control.” Sylogist shares are down 60% over the past year, giving the company a market capitalization of C$88 million ($65 million). Proud said Sylogist’s weak share performance reflects company-specific business failures rather than broader pressure on small-cap software valuations. The company provides software as a service for more than 2,000 nonprofits, governments and educational institutions, according to its website. OneMove has escalated its pressure in recent weeks. In an April 27 letter to Sylogist’s board, OneMove alleged Chair Errol Olsen ’s ties to PenderFund create an “irreconcilable conflict of interest.” PenderFund owns about 18% of Sylogist’s shares. Olsen also serves as a director at PenderFund Software Holdings and was nominated to Sylogist’s board following a 2023 agreement between the company and PenderFund. PenderFund and Olsen did not respond to requests for comment. “While the board has focused on moving the business forwa...