Live cattle futures are mostly higher on Friday with contracts a tick to 30 cents higher, and newly appointed June down 50 cents. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256-257 on Wednesday. Feeder cattle futures are trading...
Live cattle futures are mostly higher on Friday with contracts a tick to 30 cents higher, and newly appointed June down 50 cents. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256-257 on Wednesday. Feeder cattle futures are trading...
A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking the mailing of mifepristone. (Image credit: Charlie Neibergall)
A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking the mailing of mifepristone. (Image credit: Charlie Neibergall)
Apple (NASDAQ:AAPL), a consumer electronics and software giant, closed Friday at $280.25, up 3.28%. The stock moved higher after Apple reported record quarterly results, issued upbeat guidance, and expanded its capital-return plans. Investors are watching whether demand for the i
Apple (NASDAQ:AAPL), a consumer electronics and software giant, closed Friday at $280.25, up 3.28%. The stock moved higher after Apple reported record quarterly results, issued upbeat guidance, and expanded its capital-return plans. Investors are watching whether demand for the i
STORY: U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent, while the S&P 500 gained about three-tenths of a percent and the Nasdaq climbed nine-tenths of a percent. Both the S&P 500 and the Nasdaq logged their sixth consecutive week of gains, their longest weekly winning stretches since October of 2024. It was a big week for corporate ...
STORY: U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent, while the S&P 500 gained about three-tenths of a percent and the Nasdaq climbed nine-tenths of a percent. Both the S&P 500 and the Nasdaq logged their sixth consecutive week of gains, their longest weekly winning stretches since October of 2024. It was a big week for corporate earnings, with five of the Magnificent Seven megacaps reporting. Among them, Apple climbed more than 3% on Friday, a day after the tech giant provided a solid sales forecast, touting strong demand for its flagship iPhone 17 and the MacBook Neo. Analysts now see overall first-quarter earnings growth of nearly 28% year-over-year, according to LSEG I/B/E/S Estimates. That's an 11.7 percentage point increase from where the estimate stood a week ago, and marks the biggest earnings growth since the fourth quarter of 2021. Melissa Brown is managing director of investment decision research at SimCorp. "I think we're just seeing the continuation of this AI trade and maybe the complete ignoring of some of the other red flags that are out there - higher oil prices leading to higher inflation, you know, many other things that might give investors pause. But we're coming through a good earning season, particularly for some of these tech companies, and investors are, I guess, saying it's still time to buy there." Among other movers, shares of Atlassian surged more than 29% after the enterprise software firm hiked its forecast. Peers Salesforce and ServiceNow also gained. Shares of Reddit jumped 13% after the social media site gave an upbeat quarterly revenue forecast. On the flip side, shares of Roblox tumbled more than 18% after the online game platform cut its annual bookings forecast.
Harsa Maduranga/iStock via Getty Images TEC:CA At A Glance The TD Global Technology Leaders Index ETF ( TEC:CA ) is a passively managed exchange-traded fund (also known as an ETF) with a NAV of ~$4.5 billion CAD that invests in globally listed technology and AI stocks. While there are some other ETFs that have higher technology or Nasdaq exposure in Canada, TEC:CA is the only comprehensive option ...
Harsa Maduranga/iStock via Getty Images TEC:CA At A Glance The TD Global Technology Leaders Index ETF ( TEC:CA ) is a passively managed exchange-traded fund (also known as an ETF) with a NAV of ~$4.5 billion CAD that invests in globally listed technology and AI stocks. While there are some other ETFs that have higher technology or Nasdaq exposure in Canada, TEC:CA is the only comprehensive option to get a broad-based technology ETF with low fees—and I think it's the best representative of the U.S. technology market. I recently wrote about the fund in March after a sluggish start to 2026 but told investors to keep the faith because I think as history repeats itself, it's a great dip-buying opportunity. While there remain geopolitical concerns globally and AI infrastructure is being targeted by Iran, tech has surged back in April, and with the recent Q1 earnings print, I'm more convinced than ever that this AI trade has legs. TEC:CA is a very liquid fund traded on the Toronto Stock Exchange, and this article seeks to compare this offering with some other larger passively managed fund offerings, notably FT AlphaDEX U.S. Technology Sector Index ETF ( FHQ:CA ) and iShares NASDAQ 100 Index ETF (CAD-Hedged) ( XQQ:CA ). While there are many actively managed fund managers who have higher fees and smaller portfolios, I'm reviewing this passive tech equity ETF against two well-known peers and the market given the abundance of funds in Canada but lack of liquidity in many offerings. TEC:CA's benchmark target is the Solactive Global Technology Leaders Index, and after further review, I believe that TEC:CA is worthy of the title as the top technology-focused ETF in Canada. The fund has closely followed its benchmark while outperforming other passively managed tech ETFs and sporting low fees with lots of liquidity. For Canadian investors wanting majority U.S. tech and AI exposure, TEC:CA best adapts to the sector momentum rather than rehashing the same benchmarks with minimal diff...
Joe Hendrickson/iStock Editorial via Getty Images Investment Thesis DraftKings Inc.'s ( DKNG ) sell-off is likely overstating the competitive risk posed by prediction markets and understating the quality of the company's product offerings as well as its media distribution reach and regulatory flexibility. The main differentiator for DraftKings' core sportsbook offering is that it has a deep bench ...
Joe Hendrickson/iStock Editorial via Getty Images Investment Thesis DraftKings Inc.'s ( DKNG ) sell-off is likely overstating the competitive risk posed by prediction markets and understating the quality of the company's product offerings as well as its media distribution reach and regulatory flexibility. The main differentiator for DraftKings' core sportsbook offering is that it has a deep bench of user-engagement products, including same-game parlays, live prop bets, promotional products, and a fully integrated technology platform that prediction markets haven't been able to replicate. Management continues to guide investors towards a fiscal 2026 revenue estimate of $6.5 billion to $6.9 billion and an adjusted EBITDA estimate of $700 million to $900 million. This forecast relies entirely on its iGaming and sportsbook verticals, leaving room for upside from the new DraftKings Predictions segment. ESPN's new partnership with DraftKings now gives the company a low-friction path to acquire betting customers, a feature that will be difficult to replicate for competitors such as Kalshi and Polymarket. In addition to account linkage, "Bet Your Bracket", personal betting suggestions, and future-bet tracking within the ESPN ecosystem should help with customer acquisition over time. The regulatory battle regarding the legality of prediction markets is becoming increasingly complex, with Wisconsin filing suit against several prediction market firms. The CFTC has responded to Wisconsin's lawsuit by filing suit against Wisconsin, placing some uncertainty around the regulatory standing of prediction markets. A valuation perspective also presents a positive outlook for DraftKings if management executes according to plan, especially with the overhang of prediction market competition. When also considering additional factors such as predicted growth in revenue from DraftKings Predictions, ESPN-related distribution channels, potential cross-sell opportunities, and continued operati...
CNBC's Jim Cramer said the market just powered through the toughest week of earnings "with flying colors," but warned that next week could be even more treacherous. "All the big techs did well … Everything connected with the data center went bonkers ," the " Mad Money " host said. However, he cautioned against complacency. "That doesn't mean we are out of the woods yet," Cramer said, calling the w...
CNBC's Jim Cramer said the market just powered through the toughest week of earnings "with flying colors," but warned that next week could be even more treacherous. "All the big techs did well … Everything connected with the data center went bonkers ," the " Mad Money " host said. However, he cautioned against complacency. "That doesn't mean we are out of the woods yet," Cramer said, calling the week ahead "more eclectic, jam-packed on some days, and, frankly, more prone to disappointment." The weekend Berkshire Hathaway reports alongside its annual meeting, its first since Greg Abel took the CEO mantle from Warren Buffett . Recent underperformance may reflect the fading "Buffett premium," but Cramer thinks that could be short-sighted. Monday Palantir reports after the close. While sentiment has turned against pricey software stocks, Cramer said not to trade around the stock given its strong business. ON Semiconductor and many other chipmakers have been "on fire," Cramer said, adding that the results of auto-focused peer NXP Semiconductors bodes well for its upcoming numbers. Tuesday Data center demand remains front and center, and Cramer expects a solid quarter from Eaton because its power systems and cooling equipment are directly tied to the ongoing expansion of AI infrastructure. Eaton is a holding in Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club. Advanced Micro Devices , which reports after the bell, is one of Cramer's top upside picks. "I would buy some AMD ahead of the quarter," he said, expecting a potential surprise. He also likes connectivity names Lumentum and Arista Networks , as well as semiconductor company Astera Labs . "I would press my bet," he added. Wednesday Disney reports, offering insight into higher-end consumer spending. Cramer said the consumer appears resilient and expects a solid quarter under new CEO Josh D'Amaro. CVS could also deliver a strong quarter, with Cramer crediting CEO David Joyner for turning around ...
LendingTree (NASDAQ: TREE) stock was looking more like a tired sapling as the trading week came to a close. The company released its first earnings report for 2026, and investors were obviously concerned about several aspects within it. On a generally good Friday for U.S. equities, LendingTree's shares lost almost 22% of their value. LendingTree's consolidated revenue for its first quarter was jus...
LendingTree (NASDAQ: TREE) stock was looking more like a tired sapling as the trading week came to a close. The company released its first earnings report for 2026, and investors were obviously concerned about several aspects within it. On a generally good Friday for U.S. equities, LendingTree's shares lost almost 22% of their value. LendingTree's consolidated revenue for its first quarter was just over $327 million, 37% higher year over year. On the bottom line under generally accepted accounting principles (GAAP), the financial services company flipped to a net income of $17.3 million ($1.22 per share) from the year-ago loss of $12.4 million. Image source: Getty Images. Continue reading
Gary Yeowell/DigitalVision via Getty Images May 1 was a really difficult time for shareholders of Standex International Corporation ( SXI ). The stock dropped over 8.9% in late afternoon trading after management announced , the day before, financial results covering the third quarter of the company's 2026 fiscal year. This might seem peculiar in some respects. After all, revenue, profits, and EBIT...
Gary Yeowell/DigitalVision via Getty Images May 1 was a really difficult time for shareholders of Standex International Corporation ( SXI ). The stock dropped over 8.9% in late afternoon trading after management announced , the day before, financial results covering the third quarter of the company's 2026 fiscal year. This might seem peculiar in some respects. After all, revenue, profits, and EBITDA all increased year over year. Earnings per share came in above expectations, while adjusted earnings per share ended up in line with what analysts had hoped for. However, revenue came in just a bit below what analysts were anticipating to see. The problem with the company is not a fundamental one so much as it is the fact that shares are anything but cheap. In fact, in my last article about the firm, published in February of this year, I warned that the valuation of the enterprise necessitated caution. I didn't go so far as to downgrade the company because of the impressive growth that management had achieved. But in retrospect, I probably should have done so. Since then, the stock is down 5.1%. That's almost a perfect mirror compared to the 5.6% increase that the S&P 500 experienced. I don't believe that downgrading it at this time is appropriate. But naturally, investors should tread cautiously, especially in light of the valuation concerns that remain problematic. Taking Stock Of Things Operationally speaking, I believe that Standex International is an interesting business. For those new to the firm, it operates as a diversified industrial manufacturer that focuses on providing products and services that are used in certain commercial and industrial markets. I have covered this in previous articles on it. But in short, it provides certain things such as global components and value-added solutions associated with sensing and switching technologies, high-precision instrument transformers, metal-formed solutions for manufacturers in the space, aviation, and defense marke...
Earnings Call Insights: Park Hotels & Resorts (PK) Q1 2026 Management View “We delivered better-than-expected performance in the first quarter with RevPAR increasing 5.5% year-over-year, excluding our Royal Palm South Beach Hotel,” Thomas Baltimore said (Chairman, President & CEO Thomas Baltimore), adding that results reflected “continued strength in leisure demand at our resort properties” and “h...
Earnings Call Insights: Park Hotels & Resorts (PK) Q1 2026 Management View “We delivered better-than-expected performance in the first quarter with RevPAR increasing 5.5% year-over-year, excluding our Royal Palm South Beach Hotel,” Thomas Baltimore said (Chairman, President & CEO Thomas Baltimore), adding that results reflected “continued strength in leisure demand at our resort properties” and “healthy corporate group demand.” Baltimore said the company “recently sold the 396-room Hilton Seattle Airport Hotel… for $18 million,” and that “total Non-Core asset sales for the year” reached “$31 million,” while reiterating, “We continue to make solid progress on the remaining 12 Non-Core hotels and remain firmly committed to materially reducing our Non-Core exposure by year-end” (Chairman, President & CEO Baltimore). On Royal Palm South Beach, Baltimore said, “We remain on track to achieve our target completion date by early June,” and highlighted early booking signals: “The property securing $1.4 million of group business as of the end of the first quarter for 2027 at an average rate of $460” (Chairman, President & CEO Baltimore). He also reiterated the underwriting framework: “We expect returns on invested capital between 15% to 20%, with EBITDA projected to more than double from approximately $14 million to $28 million upon stabilization” (Chairman, President & CEO Baltimore). Sean Dell’Orto said, “Total hotel revenues for the quarter were $591 million… hotel adjusted EBITDA was $152 million… adjusted EBITDA of $143 million and adjusted FFO per share of $0.45,” and added that “liquidity at the end of the first quarter was approximately $2 billion” (COO, Executive VP, CFO & Treasurer Sean Dell’Orto). Outlook Dell’Orto said, “For the year, with Q1’s outperformance we are increasing our RevPAR growth guidance… to a new range of 0.5% to 2.5% and adjusted EBITDA guidance… to a new range of $587 million to $617 million, while AFFO… to a new range of $1.74 to $1.90 per shar...
Earnings Call Insights: Imperial Oil (IMO) Q1 2026 Management View "Since our last earnings call, we've seen significant volatility in commodity markets, driven by geopolitical events in the Middle East... resulting in a materially different outlook for this year and potentially beyond," said (Chairman, President & CEO John Whelan). "We also continue to advance our business transformation restruct...
Earnings Call Insights: Imperial Oil (IMO) Q1 2026 Management View "Since our last earnings call, we've seen significant volatility in commodity markets, driven by geopolitical events in the Middle East... resulting in a materially different outlook for this year and potentially beyond," said (Chairman, President & CEO John Whelan). "We also continue to advance our business transformation restructuring plans... we expect to capture significant long-term efficiency and effectiveness benefits as we further leverage rapidly advancing technology and ExxonMobil's global capability centers," said (CEO Whelan). "Cash flows from operating activities were $756 million in the quarter. Excluding the impact of working capital, cash flows from operating activities were over $1.2 billion," said (CEO Whelan). "We intend to renew our Normal Course Issuer Bid at the end of June," said (CEO Whelan). "Starting with financial results for the first quarter, we recorded net income of $940 million... driven by higher incentive compensation charges... and unfavorable upstream realizations," said (Senior VP of Finance & Administration and Controller D. Lyons). "In the first quarter, we paid $350 million of dividends... and we declared a second quarter dividend of $0.87 per share," said (Controller Lyons). Outlook "Our corporate strategy and investment plans remain consistent," said (CEO Whelan). "We are -- remain very focused on Kearl getting it to 300,000, Cold Lake getting it to 165,000 barrels per day... and of course, we're advancing our EBRT pilot," said (CEO Whelan). "You shouldn't expect or anticipate major changes. We weren't waiting for a price signal to drive pace," said (CEO Whelan). "We have Mahihkan, which we've started to invest in, and that's still on track to bring on 30,000 barrels a day... starting up in 2029," said (CEO Whelan). Financial Results "We recorded net income of $940 million, down $348 million from the first quarter of 2025," said (Controller Lyons). "The total...
Short interest at end-April was spread broadly across the consumer discretionary sector, with no single industry emerging as a clear standout or dominating in terms of positioning. Here are the five most shorted consumer discretionary stocks with market capitalizations of up to $2 billion (as a % of shares outstanding) Fitness Champs Holdings ( FCHL ), Short Interest: 83.80%. Jack in the Box ( JAC...
Short interest at end-April was spread broadly across the consumer discretionary sector, with no single industry emerging as a clear standout or dominating in terms of positioning. Here are the five most shorted consumer discretionary stocks with market capitalizations of up to $2 billion (as a % of shares outstanding) Fitness Champs Holdings ( FCHL ), Short Interest: 83.80%. Jack in the Box ( JACK ), Short Interest: 33.81%. Groupon ( GRPN ), Short Interest: 33.76%. EVgo ( EVGO ), Short Interest: 32.96%. Serve Robotics ( SERV ), Short Interest: 28.03%. Here are the five least shorted consumer discretionary stocks with market capitalizations of up to $2 billion (as a % of shares outstanding) Neo-Concept International Group Holdings ( NCI ), Short Interest: 0.50%. Phoenix Education Partners ( PXED ), Short Interest: 0.51%. Education Management Corporation ( EDMCQ ), Short Interest: 0.52%. Envela Corporation ( ELA ), Short Interest: 0.52%. MKDWELL Tech ( MKDW ), Short Interest: 0.53%. More on State Street® Consumer Discretionary Select Sector SPDR® ETF 3 Market Segments I'm Targeting When Iran War Ends How To Create A Wheel Strategy With Sector ETFs To Generate Income Retail Sector Recap: Consumers Pull Back On Weak Outlook Navan is best performing consumer discretionary stock in April Higher gas prices could lead to margin pressures in the consumer sector in Q2
Average short interest across consumer discretionary stocks at end-April remained concentrated in select names, with RH ( RH ) continuing to lead the most shorted list, while Amazon ( AMZN ) featured among the least shorted, based on short interest as a percentage of shares outstanding. The Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) has gained 0.03% so far this year, compared...
Average short interest across consumer discretionary stocks at end-April remained concentrated in select names, with RH ( RH ) continuing to lead the most shorted list, while Amazon ( AMZN ) featured among the least shorted, based on short interest as a percentage of shares outstanding. The Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) has gained 0.03% so far this year, compared with a 5.62% rise in the broader S&P 500 over the same period. Stocks with the largest and least short positions Stocks with the largest and least short positions (SeekingAlpha) Among the most shorted stocks, RH ( RH ) topped the list with 28.97% of shares outstanding sold short, followed by Under Armour ( UAA ) at 23.94% and Vail Resorts ( MTN ) at 20.59%. Duolingo ( DUOL ) and Advance Auto Parts ( AAP ) also saw elevated short positioning, with 19.38% and 19.10% of shares sold short, respectively. On the least-shorted end, Amazon ( AMZN ) recorded short interest of 0.86%, followed by MINISO Group ( MNSO ) at 0.88% and Vipshop Holdings ( VIPS ) at 0.92%. TJX Companies ( TJX ) and McDonald's ( MCD ) stood at 1.04% and 1.17%, respectively. Overall, short positioning in the consumer discretionary segment remained concentrated in select retail, apparel, and leisure-focused names, while several large-cap companies continued to carry relatively low short interest. More on State Street® Consumer Discretionary Select Sector SPDR® ETF 3 Market Segments I'm Targeting When Iran War Ends How To Create A Wheel Strategy With Sector ETFs To Generate Income Retail Sector Recap: Consumers Pull Back On Weak Outlook Navan is best performing consumer discretionary stock in April Higher gas prices could lead to margin pressures in the consumer sector in Q2
Trump Pulling 5,000 US Troops From Germany In Punitive Move Amid Merz Spat In a huge late in the day Friday development, the Trump administration plans to pull some 5,000 troops from NATO member Germany , CBS is reporting. Citing senior defense officials, the Pentagon expects the troop draw down will happen over a six to twelve month period , Reuters has also separately reported, in what clearly a...
Trump Pulling 5,000 US Troops From Germany In Punitive Move Amid Merz Spat In a huge late in the day Friday development, the Trump administration plans to pull some 5,000 troops from NATO member Germany , CBS is reporting. Citing senior defense officials, the Pentagon expects the troop draw down will happen over a six to twelve month period , Reuters has also separately reported, in what clearly appears a punitive measure aimed at Berlin by the Trump White House. Over several years, and stretching back decades, the US has maintained the most number of troops on the European continent in Germany - currently estimated at over 36,000 active duty personnel . So the 5,000 - while significant - is still somewhat of a symbolic move and number. Source: DPA The large US presence hearkens back to the post WWII division of Germany and post-war order, and is also a legacy of the Cold War. Ironically at this very moment European leaders have hyped a 'new Cold War' with Russia, as the Ukraine war continues raging. "The officials characterized the move as a signal of President Trump's discontent with the level of assistance that European allies have offered in the U.S.-Iran war ," CBS writes. The significance of the planned move also lies in the fact that America's German bases serve as headquarters of US European Command and Africa Command - with the historic Ramstein Air Base being the key hub. The announcement via US reporting comes just a day after Trump again lambasted German Chancellor Friedrich Merz : "The Chancellor of Germany should spend more time on ending the war with Russia/Ukraine (Where he has been totally ineffective!), and fixing his broken Country, especially Immigration and Energy, and less time on interfering with those that are getting rid of the Iran Nuclear threat, thereby making the World, including Germany, a safer place!" Trump wrote on Truth Social . Merz had in a rare moment torched US foreign policy and the Trump administration's Iran war gambit in Mon...