Palantir is set to report earnings Monday afternoon, with traders expecting a big swing in the data analytics software maker's stock in the days that follow.
Palantir is set to report earnings Monday afternoon, with traders expecting a big swing in the data analytics software maker's stock in the days that follow.
Baloncici Estée Lauder’s ( EL ) successful Beauty Reimagined initiative and merchandise expansion on Amazon ( AMZN ) and Shopify ( SHOP ) were reflected in the company’s fiscal third-quarter results, highlighted by increased profitability and margins and free cash flow that more than tripled from a year ago. The better-than-expected results, coupled with an increase to its full-year outlook, fuele...
Baloncici Estée Lauder’s ( EL ) successful Beauty Reimagined initiative and merchandise expansion on Amazon ( AMZN ) and Shopify ( SHOP ) were reflected in the company’s fiscal third-quarter results, highlighted by increased profitability and margins and free cash flow that more than tripled from a year ago. The better-than-expected results, coupled with an increase to its full-year outlook, fueled a double-digit gain in Friday’s premarket trading, putting the stock on track to open at its highest level in more than a month. “Our third-quarter results extend strong year-to-date performance, driven by Beauty Reimagined,” said Stéphane de La Faverie, Estée Lauder CEO. “Fiscal 2026 is promising to be the pivotal year we intended, one in which we restore organic sales growth and expand our adjusted operating margin for the first time in four years.” For FQ3, Estée Lauder ( EL ) earned an adjusted profit of $0.91, an increase of 40% year-over-year and $0.26 better than expected. With net sales up 5%, the company’s adjusted gross margin widened 140 basis points to 76.4%. While operating income was negatively impacted by a litigation settlement, excluding this one-time charge, adjusted operating income improved as well, driving the adjusted operating margin to 15%, an improvement of 360 basis points from last year. By product category, fragrance outperformed with a 12% year-over-year increase in sales, while sales in skin care, makeup, and hair care were roughly flat from a year ago, with declines in its Clinique brand in both skin care and makeup offsetting gains in La Mer, The Ordinary, and the Estée Lauder makeup brand. In fragrance, the double-digit gain was driven by the company’s luxury brands, including Le Labo, Kilian Paris, Balmain, and Tom Ford. On the balance sheet, free cash flow increased to $891M, reflecting strong cash flows from operations and the timing of capital expenditures. For the remainder of the year, Estée Lauder ( EL ) now expects organic new sale...
Investing.com -- Tesla registrations continued to recover across some European markets in April, with sales rising in Denmark, France and the Netherlands as surging fuel prices following the Iran war drive consumer interest in electric vehicles.
Investing.com -- Tesla registrations continued to recover across some European markets in April, with sales rising in Denmark, France and the Netherlands as surging fuel prices following the Iran war drive consumer interest in electric vehicles.
Shares were down 2.7% in premarket trading, while and futures were up 0.1% and 0.2%, respectively. Coming into Friday trading, NIO stock was up 25% year to date and up 58% over the past 12 months. Li’s stock was up 1.2% in premarket trading.
Shares were down 2.7% in premarket trading, while and futures were up 0.1% and 0.2%, respectively. Coming into Friday trading, NIO stock was up 25% year to date and up 58% over the past 12 months. Li’s stock was up 1.2% in premarket trading.
Raisa Macouzet/iStock Editorial via Getty Images Back at the end of December, I was still quite bullish on Hudbay Minerals ( HBM ), despite the run-up the stock had already seen. The price of copper had continued to appreciate, and with another major site being prepared to come on line, Hudbay still seemed a strong play. Some important things have happened in the past four months though, meaning w...
Raisa Macouzet/iStock Editorial via Getty Images Back at the end of December, I was still quite bullish on Hudbay Minerals ( HBM ), despite the run-up the stock had already seen. The price of copper had continued to appreciate, and with another major site being prepared to come on line, Hudbay still seemed a strong play. Some important things have happened in the past four months though, meaning we need to reanalyze the company. The most obvious came in March, when Hudbay announced its intention to acquire Arizona Sonoran Copper ( ASCUF ), a company they already owned a portion of, in an all-stock deal worth around $1.5 billion . That’s a huge deal for Hudbay, and amounts to an 11% dilution to the current shareholders for the acquisition of Arizona Sonoran. We need to consider if the premium they paid was truly worth it. The price of copper has also been doing quite well, supporting continued margin expansion for Hudbay’s producing mines, even though production on the whole is actually down somewhat YoY. There’s plenty to discuss here, but before we get too deep into it, we should start by looking over the financials, after a narrow Q4 miss to cap off what was otherwise an overwhelmingly successful 2025, and a complicated Q1 beat to start off 2026. Growing and Improving Margins Despite having some one-off production issues at their existing sites, Hudbay ended 2025 with record numbers, beating the previous year on all counts and coming in with much strong margins than they could previous claim. 2023 2024 2025 Revenue $1.69 billion $2.02 billion $2.21 billion Gross Profit $393 million $554 million $743 million Gross Margin 23.3% 27.4% 33.6% Operating Income $297 million $400 million $917 million Operating Margin 17.6% 19.8% 41.5% Interest Expenses ($76.2 million) ($69.8 million) ($60.7 million) Net Income $66.4 million $76.7 million $569 million GAAP EPS 22¢ 20¢ $1.44 Non-GAAP EPS 23¢ 48¢ 67¢ Click to enlarge (source: 40-F annual reports from FY2024 , FY2025 ) Before...
(RTTNews) - Hyundai Motor America reported Friday that it sold a total of 80,157 units in April 2026, down 2 percent from last year's 81,503 units, driven by electrified vehicles that accounted for one-third of total sales.
(RTTNews) - Hyundai Motor America reported Friday that it sold a total of 80,157 units in April 2026, down 2 percent from last year's 81,503 units, driven by electrified vehicles that accounted for one-third of total sales.
Getty Images/Getty Images News Chinese EV giant BYD ( BYDDF ) is facing growing pressure as its vehicle sales dropped for the eighth straight month in April, falling 15.5% year-over-year. The slowdown marks BYD’s longest-ever sales decline, driven mainly by weak demand in China’s mass-market EV segment. Still, overseas business remained a bright spot. The company's passenger vehicle and pickup exp...
Getty Images/Getty Images News Chinese EV giant BYD ( BYDDF ) is facing growing pressure as its vehicle sales dropped for the eighth straight month in April, falling 15.5% year-over-year. The slowdown marks BYD’s longest-ever sales decline, driven mainly by weak demand in China’s mass-market EV segment. Still, overseas business remained a bright spot. The company's passenger vehicle and pickup exports jumped 35% to around 130K vehicles in April, according to Reuters calculations based on a Weibo post by executive Li Yunfei. The company is increasingly relying on global markets as Chinese buyers shift toward more premium EV models and trade-in subsidies for lower-priced cars lose impact. To stay competitive, the company is reportedly rolling out EVs with faster-charging batteries and expanding its ultra-fast charging network. At the same time, the company said it will raise prices for its in-house driving-assistant system starting Friday due to higher global memory chip costs. The pressure is also showing up in earnings. BYD’s Q1 net profit fell 55.4% YoY to ¥4.1B ($599.5M), while revenue dropped 11.8% to ¥150.2B, marking its third consecutive quarterly revenue decline. Adding to concerns, it has also come under scrutiny in Europe over alleged labor abuses linked to its Hungary operations. Following this market concern, the shares fell 3.3% to ¥102.98 on April 30. More on BYD Co. ADR BYD: Looking Forward To 2H26 Comebacks Amid New Models And Iterations BYD Tech Advances, Interest In Racing Are Clues To Further International Expansion BYD: Too Cheap To Ignore, Too Unclear To Buy BYD draws EU scrutiny over labor abuse allegations at Hungary factory: report Chinese auto giant BYD considers entering Formula 1 racing
CRobertson The 152nd Kentucky Derby on May 2 is expected to be the biggest single wagering day in North American horse racing and a major event for operators tied into Churchill Downs' ( CHDN ) ecosystem. Last year, the Kentucky Derby saw on‑track attendance at Churchill Downs of 147,406, a step down from the prior year but still among the largest live sports crowds in the U.S. All-sources wagerin...
CRobertson The 152nd Kentucky Derby on May 2 is expected to be the biggest single wagering day in North American horse racing and a major event for operators tied into Churchill Downs' ( CHDN ) ecosystem. Last year, the Kentucky Derby saw on‑track attendance at Churchill Downs of 147,406, a step down from the prior year but still among the largest live sports crowds in the U.S. All-sources wagering handle at Churchill Downs ( CHDN ) on the 2025 Derby itself reached roughly $335M, with the Derby–Oaks combined handle approaching about $410M, both up modestly year over year and continuing the event’s long-term growth trajectory in betting activity and monetization. Churchill Downs ( CHDN ) has guided for adjusted EBITDA improvement from a year ago of $15M to $20M, which Jefferies analyst David Katz views as achievable, especially with some upside already secured via the NBC broadcast contract renewal. The weather forecast for Louisville for Saturday is also very favorable, which could boost traffic throughout the race-packed day. Katz thinks if the adjusted EBITDA boost from the Derby tops $20M, the shares of CHDN will respond. FanDuel ( FLUT ) comes into Derby weekend with the most mature, nationally marketed horse racing product of the major sports betting operators via FanDuel Racing. DraftKings ( DKNG ) is hoping to attract more attention to its DraftKings Racing/DK Horse app, which is integrated into the main DraftKings app in most states, while BetMGM ( MGM ) ( GMVHF ) will take Kentucky Derby wagers through the standalone BetMGM Horse Racing app, which is separate from the regular BetMGM Sportsbook app and focused specifically on pari‑mutuel horse betting. Despite the attractiveness of the Derby as an event contract, major prediction markets such as Kalshi ( KALSHI ) and Polymarket ( POLYMARKET ) are not offering Kentucky Derby markets this year because of legal ambiguity. Notably, horse racing is regulated differently than sports betting because it has long‑sta...
In this article OXY Follow your favorite stocks CREATE FREE ACCOUNT Vicki Hollub, chief executive officer of Occidental Petroleum Corp. speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 6, 2023. F. Carter Smith | Bloomberg | Getty Images Occidental Petroleum said on Friday its chief operating officer Richard Jackson will take over as CEO after current top...
In this article OXY Follow your favorite stocks CREATE FREE ACCOUNT Vicki Hollub, chief executive officer of Occidental Petroleum Corp. speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 6, 2023. F. Carter Smith | Bloomberg | Getty Images Occidental Petroleum said on Friday its chief operating officer Richard Jackson will take over as CEO after current top boss Vicki Hollub retires, effective June 1. Reuters in March reported that she was preparing to retire as CEO of the oil and gas producer. Her exit would end more than four decades at the Houston-based oil producer, where she became the first woman to become the CEO of a major U.S. oil company in 2016. Prior to becoming the top boss, Hollub led Occidental's Permian Basin operations, building the company into one of the biggest operators in the nation's largest U.S. oil region. Jackson joined the shale producer in 2003 and currently serves as its chief operating officer. Occidental said Hollub will continue serving on its board of directors after her retirement. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The Morning Brew Daily team spent a recent segment chewing on a simple question: if Google Search really faces a “nearly monopoly-like market share” ceiling, how is the segment still growing nearly 20% a year? Alphabet (NASDAQ:GOOGL) answered that one decisively this week, while Microsoft (NASDAQ:MSFT) gave investors something far less comfortable to sit with. ... Forget MSFT: Google Search Revenu...
The Morning Brew Daily team spent a recent segment chewing on a simple question: if Google Search really faces a “nearly monopoly-like market share” ceiling, how is the segment still growing nearly 20% a year? Alphabet (NASDAQ:GOOGL) answered that one decisively this week, while Microsoft (NASDAQ:MSFT) gave investors something far less comfortable to sit with. ... Forget MSFT: Google Search Revenue is Up 19% Despite ‘Nearly Monopoly-Like Market Share’
PM Images/DigitalVision via Getty Images The strategy I have set for my retirement portfolio is to build a snowballing base of durable and high-yielding assets from which I can eventually (the sooner the better) live off without touching the underlying principal. I know that it is easier said than done, but to reach this objective, the investments have to be made into: High-yielding assets (say, a...
PM Images/DigitalVision via Getty Images The strategy I have set for my retirement portfolio is to build a snowballing base of durable and high-yielding assets from which I can eventually (the sooner the better) live off without touching the underlying principal. I know that it is easier said than done, but to reach this objective, the investments have to be made into: High-yielding assets (say, at least 6-7% yielding ones). Assets with durable cash flows (so that the dividends don't drop). Sustainable dividend profiles (to avoid NAV erosion that might stem from higher distributions than the underlying income generation; i.e., high ROC). On top of that, it wouldn't hurt if we kept in mind a diversification aspect just to enhance the overall portfolio income stability without making a ton of sacrifices on the yield aspect (or any of the aforementioned bullets). However, I have to say that in practice it is extremely difficult to build a well-diversified portfolio just by leaning into securities, which tick these three boxes without introducing unnecessary concentration risk. For example, I have noticed that many durable income-seeking investors diversify their CEF exposures with multiple PIMCO picks, BDCs with a decent blend of high-quality internally managed players, midstream with various MLPs and so on. All this is fine and necessary, but I don't think that it is enough. Simply put, to capture the full benefit of the only free lunch in the investment game, we, as durable retirement income investors, have to traffic into select securities, which might not embody all three characteristics that I outlined above. In this context, I see a huge merit in covered call ETFs. Here is what they have to offer: Abnormal yields (usually, 10%+ zone). Access to inherently underrepresented sectors in income investor portfolios. Enhanced downside protection (in the form of collected option premiums). What we have to sacrifice and there is no way we can go avoid it is the yield stab...
Dan Ives, the global head of technology research at Wedbush Securities, recently delivered a very clear message for investors trying to determine whether the artificial intelligence (AI) trade is peaking. His message: It's not nearly over. In a CNBC interview last week, Ives said that he believes tech stocks still have another 15% upside potential for the remainder of 2026. He also noted: We're in...
Dan Ives, the global head of technology research at Wedbush Securities, recently delivered a very clear message for investors trying to determine whether the artificial intelligence (AI) trade is peaking. His message: It's not nearly over. In a CNBC interview last week, Ives said that he believes tech stocks still have another 15% upside potential for the remainder of 2026. He also noted: We're in the third inning of this nine-inning game relative to AI, and that's bullish. Continue reading
In this video, I will cover Meta 's (NASDAQ: META) , Microsoft 's, Amazon 's, and Google 's earnings reports, along with management's comments. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of April. 30, 2026. The video was published on April. 30, 2026. Continue reading
In this video, I will cover Meta 's (NASDAQ: META) , Microsoft 's, Amazon 's, and Google 's earnings reports, along with management's comments. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of April. 30, 2026. The video was published on April. 30, 2026. Continue reading
MSFT shares slip despite Q3 earnings beat as heavy AI spending dents sentiment, steering investors toward ETFs for diversified exposure to its cloud growth story.
MSFT shares slip despite Q3 earnings beat as heavy AI spending dents sentiment, steering investors toward ETFs for diversified exposure to its cloud growth story.
Exxon Mobil Corp. Chief Executive Officer Darren Woods warned that national bans on exporting fuel hurt the global market and restrict needed supplies. Countries including China, Russia and South Korea have prohibited or imposed restrictions on exports of diesel or other fuels in response to the global upheaval in energy markets stemming from the Middle East war. “Already we’re seeing some very ba...
Exxon Mobil Corp. Chief Executive Officer Darren Woods warned that national bans on exporting fuel hurt the global market and restrict needed supplies. Countries including China, Russia and South Korea have prohibited or imposed restrictions on exports of diesel or other fuels in response to the global upheaval in energy markets stemming from the Middle East war. “Already we’re seeing some very bad policy being put in place around the world that feels good maybe in the moment and maybe politically is attractive with respect to product export bans or windfall profit taxes or price caps,” Woods said during an interview on CNBC on Friday. “But all those things are going to result in less supply.” Recovering from the Middle East conflict, which has effectively closed the Strait of Hormuz, will take much longer than it otherwise would as governments outside the US adopt policies that limit supply, he said.