PM Images/DigitalVision via Getty Images Regional bank holding company Prosperity Bancshares, Inc. ( PB ) reported its Q1 2026 financial results before the market opened earlier today. GAAP earnings of $1.16 per share on net income of $116.3 million fell short of expectations by $0.16 per share. However, adjusted earnings of $1.50 per share on adjusted net income of $149.9 million topped projectio...
PM Images/DigitalVision via Getty Images Regional bank holding company Prosperity Bancshares, Inc. ( PB ) reported its Q1 2026 financial results before the market opened earlier today. GAAP earnings of $1.16 per share on net income of $116.3 million fell short of expectations by $0.16 per share. However, adjusted earnings of $1.50 per share on adjusted net income of $149.9 million topped projections by $0.06. Most other details from the press release were positive, with improved net interest margin and a decline in nonperforming assets. The company also announced that its merger with Stellar Bancorp ( STEL ) is set to close on July 1. That merger is just part of the expansion story for Prosperity Bancshares, a company that appears to fall into the category of a serial acquirer. The company completed two deals during the first two months of 2026 and announced plans for yet another. On January 2, PB closed a transaction to buy the holding company for American Bank, which operates 18 banking locations and two loan production offices in South and Central Texas. One month later, Prosperity finished off a deal to purchase San Antonio-based Southwest Bancshares, which controlled 11 branches in Central Texas. In between these actions, Prosperity announced its intent to buy Stellar Bancorp, which would create Texas’s second-largest bank when ranked by total deposits. The $2 billion deal would add 52 branches to PB’s footprint, with most of them located in Houston and the surrounding area. It is often challenging to parse out the impact of any one transaction when there are multiple deals taking place around the same time. The recent quarterly results contain several non-recurring expenses that detract from the overall performance of the company. However, I believe I see enough in the Prosperity story that makes it look like a stock to Buy, as the company is creating a banking powerhouse in Texas that should be able to take advantage of the economic strengths of that state. C...
Apple Inc. is planning to embed artificial intelligence more deeply into the iPhone’s camera app, adding a new Siri mode alongside the standard photo and video options in its upcoming iOS 27 operating system. As part of the change, the company will move its Visual Intelligence feature — currently tied to the Camera Control button — into the camera app itself, according to people with knowledge of ...
Apple Inc. is planning to embed artificial intelligence more deeply into the iPhone’s camera app, adding a new Siri mode alongside the standard photo and video options in its upcoming iOS 27 operating system. As part of the change, the company will move its Visual Intelligence feature — currently tied to the Camera Control button — into the camera app itself, according to people with knowledge of the plan. That will make it more prominent within the iPhone interface. The feature — now branded with the Siri name — will appear as a new toggle option alongside Photo, Video, Portrait and other existing choices, said the people, who asked not to be identified because the plans haven’t been announced. Apple didn’t immediately respond to a request for comment. The changes are part of a broader effort to weave AI into more of Apple’s technology — and show the company can match competitors in this all-important space. The upgrades to iOS 27 and other Apple operating systems are slated to be unveiled at the Worldwide Developers Conference in June, followed by a release to consumers this fall. Read More: Apple’s Next Big Thing Is a Push Into Visual Artificial Intelligence Like the current Visual Intelligence feature, the new mode will let users point the camera at an object and tap into services such as ChatGPT to ask questions about the object or scene. Users can also run a Google reverse image search to pull up more information. The existing version can already extract information from real-world items — for example, it can turn details from a concert poster into a calendar event, identify plants and animals, and pull up information about a business such as its phone number or menu details. Read More: Apple Plans Photo-Editing Overhaul With AI in iOS 27 This Year In its upcoming operating systems, Apple is redesigning the experience with a new shutter button styled after the Apple Intelligence logo. That replaces the traditional white capture button used in today’s Visual In...
Bloom Energy (NYSE:BE) reported Q1 2026 results after the close on April 28, 2026, and the earnings report blew past expectations. EPS came in at $0.44 against a $0.1285 consensus, revenue more than doubled, and management raised full-year guidance well above the prior bar. Investors loved it. Shares jumped 24.2% in the session that followed. ... Bloom Energy Fueling Transition to Critical AI Infr...
Bloom Energy (NYSE:BE) reported Q1 2026 results after the close on April 28, 2026, and the earnings report blew past expectations. EPS came in at $0.44 against a $0.1285 consensus, revenue more than doubled, and management raised full-year guidance well above the prior bar. Investors loved it. Shares jumped 24.2% in the session that followed. ... Bloom Energy Fueling Transition to Critical AI Infrastructure Provider
The iShares Semiconductor ETF (NASDAQ:SOXX) offers concentrated exposure to chipmakers, while the Vanguard Information Technology ETF (NYSEMKT:VGT) provides a broader, lower-cost diversifier for the entire technology sector. Both funds serve as primary vehicles for betting on digital innovation, yet they follow very different roadmaps. One casts a wide net across software and hardware, while the o...
The iShares Semiconductor ETF (NASDAQ:SOXX) offers concentrated exposure to chipmakers, while the Vanguard Information Technology ETF (NYSEMKT:VGT) provides a broader, lower-cost diversifier for the entire technology sector. Both funds serve as primary vehicles for betting on digital innovation, yet they follow very different roadmaps. One casts a wide net across software and hardware, while the other zooms in on the hardware foundational to artificial intelligence and high-performance computing. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Rush Street Interactive ( RSI ) rallied to an all-time high on Wednesday after the company topped first-quarter earnings expectations. Revenue was up 41.1% to a first quarter record of $370.36M. Notably, monthly active users rose 51% year over year to approximately 839K. MAUs in North America were up 46% during the quarter, driven by 62% growth in online casino markets. Average revenue per monthly...
Rush Street Interactive ( RSI ) rallied to an all-time high on Wednesday after the company topped first-quarter earnings expectations. Revenue was up 41.1% to a first quarter record of $370.36M. Notably, monthly active users rose 51% year over year to approximately 839K. MAUs in North America were up 46% during the quarter, driven by 62% growth in online casino markets. Average revenue per monthly active user in the United States and Canada was $317 during the quarter, while ARPMAU in Latin America was $54. Weighing in on the report, Oppenheimer analyst Jed Kelly said the firm expects strong LATAM growth for the balance of the year on easing comparables, the World Cup factor, and Colombia implementing GGR tax. "Players are gravitating to RSI's smart bonusing infrastructure that is equating to the industry's lowest churn and more predictable earnings algorithm, with a higher player base suggesting further upside to EBITDA," he added. The firm raised its price target on Rush Street ( RSI ) to $30 from $25. Shares of Rush Street Interactive ( RSI ) were up 16.1% at 12:22 p.m. to $27.87 and traded as high as $29 earlier in the session. The Seeking Alpha Quant Rating on RSI has been flashing Buy since last December. More on Rush Street Interactive Rush Street Interactive, Inc. (RSI) Q1 2026 Earnings Call Transcript Rush Street Interactive, Inc. 2026 Q1 - Results - Earnings Call Presentation Rush Street Interactive: The Casino Strategy Is Working Rush Street Interactive forecasts $1.49B-$1.54B 2026 revenue while advancing Alberta July 13 launch Rush Street Interactive Q1 2026 Earnings Preview
In this article NVDA NXPI Follow your favorite stocks CREATE FREE ACCOUNT A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings ...
In this article NVDA NXPI Follow your favorite stocks CREATE FREE ACCOUNT A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall Street's estimates. The Dutch company reported adjusted earnings of $3.05 per share, beating LSEG expectations of $2.95. The company's revenue of $3.18 billion, a 12% increase year-over-year, also beat the LSEG forecast of $3.16 billion. CEO Rafael Sotomayor attributed the growth to "industrial and automotive processing that supports software-defined vehicles and physical AI." The spread of artificial intelligence has rallied chipmakers as data center demand soars. On the company's earnings call Tuesday, Sotomayor highlighted the growing role of NXP's data center applications. The company reported about $200 million in revenue related to data centers last year. Sotomayor said he anticipates over $500 million in 2026. Read more CNBC tech news Meta told it's violating EU law by not doing enough to keep children off Facebook and Instagram Pentagon AI chief confirms DOD's expanded use of Google, says reliance on one model 'never a good thing' OpenAI's revenue, growth estimates fall short as company races toward IPO: Report OpenAI brings its models to Amazon's cloud after ending exclusivity with Microsoft Unlike other semiconductor companies like Nvidia and Advanced Micro Devices , NXP does not make graphics processing units. Its chips, largely used in automobiles, power infrastructure tasks for data centers rather than AI compute. "As data center scales, the constraints are not just compute and memory," Sotomayor said on the earnings call. "They're also power, cooling, uptime, secure controls -- and I think this is where NXP plays." Analysts reacted ...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. The S & P 500 was little changed ahead of the Federal Reserve's Wednesday afternoon interest rate decision, likely marking Jerome Powell's last policy meeting as Fed chairman. No rate change is expected. If confirmed, nominee Kevin Warsh would ...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. The S & P 500 was little changed ahead of the Federal Reserve's Wednesday afternoon interest rate decision, likely marking Jerome Powell's last policy meeting as Fed chairman. No rate change is expected. If confirmed, nominee Kevin Warsh would take over as Fed chief in May. The central bank's next scheduled policy meeting is set for mid-June. President Donald Trump wants the Fed to lower rates. But will the data cooperate, especially with oil so high? Warsh has said he will only cut rates if warranted by economic conditions. Bond yields are "getting uncomfortably high for me," as oil prices go higher on questions about whether the Iran war will end soon, said Jim Cramer. Those higher yields are the reason for Home Depot's over 7% year-to-date decline. The Club holding is our play on lower rates, which Jim has previously said is key to reviving the stalled housing market and overall economic recovery. "When I see rates [bond yields] go up … I always have to take a pause and say, 'OK, let's add that into the equation before we buy anything,'" Jim said. 2. Investors are also anticipating earnings from the Club's "Magnificent Seven" holdings after the close: Amazon , Alphabet , Meta , and Microsoft . "The big battleground will be Microsoft," said Jim, adding he's worried the enterprise software and cloud giant will try to dismiss Wall Street's concerns about Copilot not being up to snuff. "Do they understand that the Street views them as just another SaaS [software as a service] play? Will they be oblivious?" Jim questioned. If oblivious, Jim said Microsoft's stock will tumble, which has already dropped about 12% year to date. With Microsoft, forward guidance is only revealed in the conference call. So, any stock reaction on the release alone might change once investors get the outlook details. 3. Corning shares drop...
I keep buying Broadcom (NASDAQ:AVGO) and I am not going to pretend otherwise. Every paycheck, every rebalance, every time the stock pulls back, the buy button gets warm again. This is a position I am building for the next decade, and the receipts keep telling me to keep going. The reason is simple in human ... How This One AI Stock Became My Obsession
I keep buying Broadcom (NASDAQ:AVGO) and I am not going to pretend otherwise. Every paycheck, every rebalance, every time the stock pulls back, the buy button gets warm again. This is a position I am building for the next decade, and the receipts keep telling me to keep going. The reason is simple in human ... How This One AI Stock Became My Obsession
Earnings Call Insights: Stanley Black & Decker (SWK) Q1 2026 Management View "I am pleased to report that Stanley Black & Decker delivered a solid start to the year, outperforming our expectations on the top and bottom lines in the first quarter" (President, CEO & Director Christopher Nelson), while reporting revenue up 3% (flat organically) and adjusted EPS of $0.80. Nelson highlighted the CAM di...
Earnings Call Insights: Stanley Black & Decker (SWK) Q1 2026 Management View "I am pleased to report that Stanley Black & Decker delivered a solid start to the year, outperforming our expectations on the top and bottom lines in the first quarter" (President, CEO & Director Christopher Nelson), while reporting revenue up 3% (flat organically) and adjusted EPS of $0.80. Nelson highlighted the CAM divestiture close and capital priorities, saying, "on April 6, we announced the successful completion of the previously disclosed agreement to sell our Aerospace Fasteners business" and that "the vast majority of the approximately $1.6 billion of net proceeds have already been applied towards debt reduction" (President, CEO & Director Nelson), adding, "We expect our capital allocation strategy to be biased towards share repurchases, which the Board has authorized." On Tools & Outdoor, management tied mixed volumes to North American retail conditions and outdoor preseason execution. Nelson said organic revenue declined in power tools and hand tools/storage, while "Outdoor organic revenue increased 1%, driven by encouraging preseason sales for spring 2026, particularly for ride-on and zero-turn mower offerings" (President, CEO & Director Nelson). He also pointed to professional demand, stating, "increased sales generated by professional end user demand in the U.S. commercial and industrial channel indicates that our growth investments are building momentum in the market" (President, CEO & Director Nelson). "Above-the-line operating outperformance made up about half of the outperformance, driven by Outdoor" (Executive VP, CFO & Chief Administrative Officer Patrick Hallinan), and Hallinan attributed the remaining outperformance to below-the-line items, including a Q1 tax rate benefit that he said did not change the full-year tax rate view. Outlook Management kept full-year adjusted EPS guidance unchanged at $4.90 to $5.70, with Hallinan stating it remained "consistent with our or...
esp_imaging/iStock via Getty Images The latest conflict in the Middle East passed the two-month mark earlier this week. Oil and other commodity prices continue to grind higher, putting increasing pressure on the global economy and numerous industries. A ceasefire is holding for now, but little progress has been made in reopening the Strait of Hormuz to normalize traffic. This situation will contin...
esp_imaging/iStock via Getty Images The latest conflict in the Middle East passed the two-month mark earlier this week. Oil and other commodity prices continue to grind higher, putting increasing pressure on the global economy and numerous industries. A ceasefire is holding for now, but little progress has been made in reopening the Strait of Hormuz to normalize traffic. This situation will continue to garner the lion's share of financial headlines in May until it is resolved satisfactorily. If it weren't for these hostilities, the fallout from the deterioration in the private credit market would be generating more airtime, in my opinion. Zero Hedge, Macro Butler Few investors knew what private credit was despite its tremendous growth since the Great Financial Crisis until late this last summer. That is when the unexpected bankruptcies of First Brands and Tricolor Holdings sent ripples across the credit markets. These concerns receded in the months thereafter, even as Fitch Ratings projected the default rate in private credit funds had broached the 9% level at the end of 2025. UBS To put this in perspective, this is much worse than the corporate default rates the banks absorbed at the peak of the Great Financial Crisis. UBS has estimated private credit default rates could hit 15% in its worst-case scenario. FT Research, Zero Hedge, Company Filings In the back half of February, Blue Owl Capital ( OWL ) became the first major private credit fund to "gate" investor redemption requests. These had been growing in recent quarters, but the floodgates (pun intended) opened up in the first quarter. Apollo Global Management ( APO ), Morgan Stanley ( MS ), BlackRock ( BLK ), Cliffwater, Ares Management Corporation ( ARES ), and other sponsors of large private credit funds soon followed Blue Owl's example. Lark Davis - March 2026 Ken Griffin of Citadel just noted that wealthy investors may not fully grasp the risks of the booming private credit market. These worries included th...
Vertiv Holdings Co. (NYSE:VRT) is one of the best performing S&P 500 stocks so far in 2026. On April 27, Vertiv acquired Strategic Thermal Labs/STL, a specialist in advanced liquid-cooling technologies, to enhance its thermal management capabilities for high-density AI and HPC. This acquisition focuses on the critical interface between server-side liquid cooling and infrastructure, […]
Vertiv Holdings Co. (NYSE:VRT) is one of the best performing S&P 500 stocks so far in 2026. On April 27, Vertiv acquired Strategic Thermal Labs/STL, a specialist in advanced liquid-cooling technologies, to enhance its thermal management capabilities for high-density AI and HPC. This acquisition focuses on the critical interface between server-side liquid cooling and infrastructure, […]
Corning Incorporated (NYSE:GLW) is one of the best performing S&P 500 stocks so far in 2026. On March 31, Corning and Meta (NASDAQ:META) officially broke ground on a significant expansion of Corning’s optical cable manufacturing facility in Hickory, North Carolina. This project is a key component of a multiyear agreement valued at up to $6 […]
Corning Incorporated (NYSE:GLW) is one of the best performing S&P 500 stocks so far in 2026. On March 31, Corning and Meta (NASDAQ:META) officially broke ground on a significant expansion of Corning’s optical cable manufacturing facility in Hickory, North Carolina. This project is a key component of a multiyear agreement valued at up to $6 […]
New Yorker writer Elizabeth Kolbert says EPA chief Lee Zeldin has rescinded regulations, cut or eliminated departments and terminated the jobs of many scientists. Trump calls Zeldin "our secret weapon."
New Yorker writer Elizabeth Kolbert says EPA chief Lee Zeldin has rescinded regulations, cut or eliminated departments and terminated the jobs of many scientists. Trump calls Zeldin "our secret weapon."
juststock/iStock via Getty Images Market Review Tectonic shifts occurring in markets due to major U.S. policy changes. U.S. policy shifts have caused the start of significant underlying changes to the global economy and geopolitical order. In the first quarter, non-U.S. developed markets advanced. During the period, investors generally favored value-oriented and defensive, low volatility stocks ve...
juststock/iStock via Getty Images Market Review Tectonic shifts occurring in markets due to major U.S. policy changes. U.S. policy shifts have caused the start of significant underlying changes to the global economy and geopolitical order. In the first quarter, non-U.S. developed markets advanced. During the period, investors generally favored value-oriented and defensive, low volatility stocks versus growth-oriented names. Tariff confusion weighing on business leaders and investors. Uncertainty has caused business leaders to delay decision-making. In the U.S., weaker sentiment and consumer patterns suggest a potential stagflationary environment. Europe showed signs of modest economic improvement, and Germany announced plans for increased military and infrastructure spending. Selection among consumer discretionary stocks detracted. An underweight position relative to the benchmark in broadline retailer Alibaba Group Holding hurt returns after the stock rose on news of Alibaba's artificial intelligence work with Apple and DeepSeek. On Holding was also a drag as the athletic shoe and apparel company's stock pulled back ahead of its scheduled earnings report. Online travel company MakeMyTrip was another notable detractor. Health care sector holdings were a source of weakness. Novo Nordisk was a notable detractor compared with the benchmark due to implications of a study on weight-loss results from the use of semaglutide, while potential future pricing discounts for its popular weight-loss drugs also concerned investors. Biotechnology industry holding CSL also notably weighed on performance. Terumo detracted as shares of the medical device company sold off ahead of its earnings report. Utilities sector position contributed to relative performance. Spanish multinational electrical utility company Iberdrola was the driving force of outperformance in the sector compared with the benchmark as the company continued to execute well, completing an acquisition and announcing a ...