(RTTNews) - The Australian stock market is maintaining its early gains in mid-market moves on Friday, snapping an eight-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gain
(RTTNews) - The Australian stock market is maintaining its early gains in mid-market moves on Friday, snapping an eight-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gain
statu-nascendi/iStock via Getty Images Welcome to the Nickel Miners News for April. The past month saw nickel prices move sharply higher. Nickel price news As of April 30, the nickel spot price was USD 19,260/t , sharply higher from USD 17,224/t last month. Nickel inventory at the London Metals Exchange [LME] was slightly lower the past month at 277,518 tonnes (281,574 tonnes last month). Nickel s...
statu-nascendi/iStock via Getty Images Welcome to the Nickel Miners News for April. The past month saw nickel prices move sharply higher. Nickel price news As of April 30, the nickel spot price was USD 19,260/t , sharply higher from USD 17,224/t last month. Nickel inventory at the London Metals Exchange [LME] was slightly lower the past month at 277,518 tonnes (281,574 tonnes last month). Nickel spot price 10 year chart - Current price = USD 19,260/t ( source ) Trading Economics Nickel demand v supply chart Carbon Credits forecasts a nickel oversupply to 2030, then growing deficits from 2030-2035 (as of May 2025) ( source ) Carbon Credits Trend Investing v IEA demand forecast for EV metals (Trend Investing) ( IEA ) Trend Investing & the IEA Lithium & Nickel are the two 'high importance to energy' critical materials in the medium term (2025-2035) ( source - page 29) DoE Nickel Market News On April 3 Discovery Alert reported : Structural factors reshaping global nickel market dynamics...The nickel market structural factors are experiencing transformation driven by the convergence of supply management strategies, input cost inflation, government intervention, and institutional capital reallocation. In April Trading Economics commented : Nickel futures traded above $19,450, marking a near two-year high as supply disruptions and tightening raw material availability reinforced bullish momentum in the market. Prices were underpinned by mining quota cuts in Indonesia, which have constrained ore supply and raised concerns over feedstock availability for downstream processors. In addition, a sulfur shortage linked to disruptions in the Strait of Hormuz added further pressure by raising processing costs for nickel intermediates and tightening output conditions beyond the mining stage. On April 23 Seeking Alpha reported : Commodities: Oil moves higher as peace talks look shaky...The International Nickel Study Group estimates the market will swing to a 32kt deficit in 2026 , fro...
Speculative reports say Amazon is considering relaunching the reality show once hosted by the US president, with his eldest son floated as a possible host Get our weekend culture and lifestyle email Amid speculative reports that Donald Trump Jr is being considered by Amazon to lead a reboot of The Apprentice, he’s already received a slightly muted endorsement from the reality show’s former host: h...
Speculative reports say Amazon is considering relaunching the reality show once hosted by the US president, with his eldest son floated as a possible host Get our weekend culture and lifestyle email Amid speculative reports that Donald Trump Jr is being considered by Amazon to lead a reboot of The Apprentice, he’s already received a slightly muted endorsement from the reality show’s former host: his father. The Wall Street Journal reported on Wednesday that Amazon was considering rebooting The Apprentice, which was hosted by the now US president Donald Trump between 2004 and 2015, for its streaming service Prime Video. Sign up for the fun stuff with our rundown of must-reads, pop culture and tips for the weekend, every Saturday morning Continue reading...
Earnings Call Insights: Allegiant Travel Company (ALGT) Q1 2026 Management View "We started the year on a very strong note," said (CEO & Director Gregory Anderson), citing "a 14.9% adjusted operating margin" and adding, "we achieved our highest first quarter adjusted operating margin since pre-COVID." (CEO & Director Anderson) tied performance to reliability and capacity discipline: "Our operation...
Earnings Call Insights: Allegiant Travel Company (ALGT) Q1 2026 Management View "We started the year on a very strong note," said (CEO & Director Gregory Anderson), citing "a 14.9% adjusted operating margin" and adding, "we achieved our highest first quarter adjusted operating margin since pre-COVID." (CEO & Director Anderson) tied performance to reliability and capacity discipline: "Our operational performance was outstanding with a 99.9% controllable completion factor" and "we prioritize flexible capacity to capitalize on peak demand periods rather than chasing maximum utilization over the entire year." (Executive VP & Chief Commercial Officer Drew Wells) reported record top-line and unit revenue: "We finished the first quarter with $732.4 million in total revenue" and "producing a 1Q TRASM of $0.1431, up 16.4% year-over-year," adding that "both total revenue and TRASM represent first quarter records for the company." (CEO & Director Anderson) highlighted revenue diversification and product traction: "Our co-branded credit card currently has over 600,000 cardholders" and "card remuneration represents just over 5% of our annual revenue," while adding, "Our premium seating product, Allegiant Extra, is continuing to outpace expectations." "For the first quarter, we generated net income of $69.6 million, resulting in earnings per share of $3.77," said (President & CFO Robert Neal), while also stating, "Fuel averaged $3.04 per gallon in the quarter compared to our initial guide of $2.60." On the Sun Country acquisition timeline, (President & CFO Neal) said, "we received DOT approval in April with the remaining step being shareholder votes... scheduled for May 8" and "the transaction should close around May 13." Outlook (CEO & Director Anderson) framed the main variable as fuel: "The main pressure point is jet fuel costs, which have risen sharply," and said the company is responding by "reducing off-peak capacity where margin pressure is most acute" and "reduced service...
The yen ’s intervention-fueled rally is at risk of evaporating quickly, increasing the likelihood that Japan will have to wade back into the market to shore up the exchange rate. The currency started edging lower again on Friday morning in Tokyo, following a 3% surge against the dollar on Thursday, when Japan bought yen and sold dollars. While the nation’s top currency official has declined to con...
The yen ’s intervention-fueled rally is at risk of evaporating quickly, increasing the likelihood that Japan will have to wade back into the market to shore up the exchange rate. The currency started edging lower again on Friday morning in Tokyo, following a 3% surge against the dollar on Thursday, when Japan bought yen and sold dollars. While the nation’s top currency official has declined to confirm intervention, a person familiar with the matter said authorities had entered the market. Economic officials in the US were notified ahead of the move, according to another person familiar with the matter. An erosion of initial gains in the yen would follow the pattern seen around this time in 2024, when Japan came into the market on several occasions to address weakness. Atsushi Mimura , vice finance minister for international affairs, offered a veiled warning of this to traders on Friday ahead of the May 4-6 Golden Week break in Japan. “I will not comment on future developments, but I will point out that we are just at the beginning of a long holiday period,” Mimura said. “We are in extremely close contact with the US, and I believe we share our assessments of the situation and our actions.” Mimura extended his warning to energy traders , adding that, “generally speaking, we are always ready to act regarding crude oil futures transactions.” The yen was trading around 157.31 per dollar as of 11:52 a.m. in Tokyo, having touched 155.57 on Thursday, its strongest since late February. Brent and WTI oil futures fell, but it was not clear if there was a connection or if Japan had intervened. Japanese officials have repeatedly linked some of the recent weakness in the yen to speculative moves in the oil futures market. “The price action reinforces the view that 160 is the line in the sand for Japan’s Ministry of Finance,” said Carol Kong , a strategist at Commonwealth Bank of Australia. “But given the risk of a re-escalation in the Iran war and the Bank of Japan’s non-committ...
Shares of social media giant Meta Platforms (NASDAQ: META) are getting hammered. The stock fell as much as 10% in early trading on Thursday after the company reported its first-quarter results late Wednesday, deepening a sell-off that has carved more than 20% off shares from their fall 2025 high near $796. But there's a curious mismatch here. The actual quarterly numbers were excellent, with reven...
Shares of social media giant Meta Platforms (NASDAQ: META) are getting hammered. The stock fell as much as 10% in early trading on Thursday after the company reported its first-quarter results late Wednesday, deepening a sell-off that has carved more than 20% off shares from their fall 2025 high near $796. But there's a curious mismatch here. The actual quarterly numbers were excellent, with revenue growth accelerating and an impressive operating margin of 41%. Meanwhile, the stock's drop arguably comes down almost entirely to one line in the outlook: a higher 2026 capital expenditure forecast. Continue reading
Editor's note: Seeking Alpha is proud to welcome Picky Value as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Javier Ruiz/iStock via Getty Images Tariff has been impacting industries in the US in significant way...
Editor's note: Seeking Alpha is proud to welcome Picky Value as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Javier Ruiz/iStock via Getty Images Tariff has been impacting industries in the US in significant ways. It's like an abrupt climate change that transforms the entire corporate environment into something different. For example, global warming has changed the natural environment of wild animals. Some thrive, some adapt, but the rest disappear if they don't find a way. For companies, it's exactly the same. It is true that Tredegar ( TG ) has been exposed to the side effects of tariffs for years . But it is also true that they are trapped in their old structure without improvement. One of their competitors, Kaiser Aluminum, is thriving even after the introduction of tariffs; on the other hand, Tredegar is losing more and more potential with time. Investment Thesis I want to be clear about my position. My rating for Tredegar is a sell. I think their business model was functioning on inertia in the past. But it was already like a cracked glass that was ready to break. The management is claiming that the difficulties the company is facing are due to tariffs and cheap foreign finished products, but I have not found targets with concrete numbers to surmount these obstacles in order to improve profitability significantly. Their sales increased by 20.9%, from $598.0M to $722.9M, and their consolidated EBITDA from ongoing operations increased by 15.8%, from $50.5M to $58.5M (Q4 2025 Earnings Release, Note (f)), as well on a year-on-year basis. Yet, this is not a fundamental improvement at all for the company to grow. The current price of $9.42 as of April 24, 2026, is not attractive; hence, there is no room for the stock price to go up significantly in the short and mid-term. The mana...
Earnings Call Insights: Axos Financial, Inc. (AX) Q3 fiscal 2026 Management View “We generated another quarter of double-digit year-over-year growth in net interest income, ending loan and deposit balances, earnings per share and book value,” said (President, CEO & Director Gregory Garrabrants). “We generated almost $700 million in net loan growth linked quarter,” and “ending loan balances grew by...
Earnings Call Insights: Axos Financial, Inc. (AX) Q3 fiscal 2026 Management View “We generated another quarter of double-digit year-over-year growth in net interest income, ending loan and deposit balances, earnings per share and book value,” said (President, CEO & Director Gregory Garrabrants). “We generated almost $700 million in net loan growth linked quarter,” and “ending loan balances grew by approximately $800 million linked quarter, excluding single-family warehouse,” said (President, CEO & Director Gregory Garrabrants), alongside “net interest margin was 4.57% for the quarter ended March 31, 2026, compared to 4.94% in the prior quarter.” “Other highlights in the quarter include: noninterest income was $86 million…up from $53 million in the prior quarter,” and “excluding the benefit of the $22 million legal settlement this quarter, noninterest income was up approximately $10 million linked quarter,” said (President, CEO & Director Gregory Garrabrants). “We announced the acquisition of approximately $2.3 billion of online saving deposits from Jenius Bank in February of 2026,” and “last week, we announced a separate deposit acquisition of approximately $3.2 billion of IRA savings and CDs from Capital One,” said (President, CEO & Director Gregory Garrabrants), adding, “we received regulatory approval last month and expect to complete the deposit conversion and client onboarding next month,” while the Capital One deal was described as targeting “a conversion and close in the second half of calendar 2026.” “Provision for credit losses was $41 million in Q3 '26 compared to $25 million in Q2 '26,” driven by “a specific reserve of approximately $20 million for C&I loan,” said (Executive VP & CFO Derrick Walsh). Outlook “Taking all these factors into consideration, we are confident that we will generate loan growth by the low -- in the low to mid-teens on an annual basis this year,” said (President, CEO & Director Gregory Garrabrants). “We expect reported net interest...