winyuu American Tower ( AMT ) stock rose 1.8% in Tuesday premarket trading after the telecommunications tower REIT posted stronger-than-expected top and bottom lines, bolstered by robust demand for communications infrastructure. The company increased its 2026 guidance to reflect estimated positive foreign currency exchange rate fluctuations and accelerating straight-line revenue in Latin America. ...
winyuu American Tower ( AMT ) stock rose 1.8% in Tuesday premarket trading after the telecommunications tower REIT posted stronger-than-expected top and bottom lines, bolstered by robust demand for communications infrastructure. The company increased its 2026 guidance to reflect estimated positive foreign currency exchange rate fluctuations and accelerating straight-line revenue in Latin America. The REIT now expects 2026 adjusted FFO per share of $10.90-$11.07 (midpoint $10.99 vs. Visible Alpha consensus of $10.98) compared with its prior guidance of $10.78-$10.95. Adjusted EBITDA is expected to be $7.195B-$7.265B (midpoint $7.23B vs. $7.15B Visible Alpha estimate), up from its previous outlook of $7.09B-$7.16B. Its guidance for total property revenue increased to $10.585B-$10.735B (midpoint $10.66B vs. $10.548B Visible Alpha estimate) from its previous view of $10.44B-$10.59BN. Q1 AFFO per share of $2.84, beating the Visible Alpha consensus of $2.75, rose from $2.63 in Q3 and $2.75 in Q4 2024. Total operating revenue of $2.74B, topping the $2.65B consensus, was flat with the previous quarter and increased from $2.56B a year ago. Total property revenue of $2.67B grew 6.8% Y/Y, with tenant billings rising 2.3% Y/Y. Property gross margin improved to 75.1% from 74.7% in Q4 2025. "The structural growth drivers of our business continue to strengthen, with rising mobile data consumption, accelerating cloud adoption, and the rapid expansion of AI-driven workloads all pointing toward sustained investment in high-quality digital infrastructure," said CEO Steve Vondran. Total operating expenses of $1.50B, vs. the Visible Alpha estimate of $1.46B, dropped from $1.58B in Q4 and climbed from $1.31B in Q1 2025. Adjusted EBITDA of $1.84B, exceeding the $1.77B VA estimate, fell from $1.82B in the prior quarter and grew from $1.74B in the year-ago period. Conference call at 8:30 AM ET. More on American Tower American Tower: Tenant Default Creates Dip-Buying Opportunity - Diversifie...
choir421/iStock Editorial via Getty Images By Min Joo Kang, Senior Economist, South Korea and Japan and Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE Apparently, there was heated debate over today’s decision The Bank of Japan extended its pause at 0.75% — in line with market consensus, though against our call for a 25 bp hike. We had thought that recent data showi...
choir421/iStock Editorial via Getty Images By Min Joo Kang, Senior Economist, South Korea and Japan and Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE Apparently, there was heated debate over today’s decision The Bank of Japan extended its pause at 0.75% — in line with market consensus, though against our call for a 25 bp hike. We had thought that recent data showing growing inflationary pressures, real interest rates remaining in deep negative territory, and solid “Shunto” wage-negotiation results might support BoJ action. Today’s results show that, although concerns about inflation grew, the majority of board members prefer a wait-and-see approach. Still, the 3-to-6 split is the largest divide among board members during Ueda’s governorship. We assume the split votes indicate that board discussions should focus on the timing of the rate hike rather than the direction. The extent of dissent was a surprise. Board members Takata (who dissented in March), Tamura, and Nakagawa dissented. While Takata and Tamura are known for their hawkish views, Nakagawa's stance was quite unexpected, as she is considered among the doves. Her term ends June 29 after the June 16 meeting, making a June rate hike more likely. Sharp upward revision of inflation outlook In its quarterly macro-outlook report today, the BoJ raised its inflation forecast quite sharply to 2.8% year-on-year for fiscal year 2026 (up from 1.9%) and 2.3% for FY27 (up from 2.0%). The FY28 estimate is 2.0%. During the press conference, Ueda stated that the BoJ’s base case scenario anticipates oil prices returning to $70. The upward revision seems much more dramatic considering this BoJ assumption. In terms of growth, the GDP outlook was revised downward, though less sharply than inflation. GDP growth is 0.5% (from 1.0%) for FY26 and 0.7% (from 0.8%) for FY27. The FY28 outlook is 0.8%. The negative impact is mostly concentrated in 2026, and growth is expected to return above potential. ...
First Commonwealth Financial ( FCF ) declares $0.14/share quarterly dividend , 3.7% increase from prior dividend of $0.135. Forward yield 3.0% Payable May 22; for shareholders of record May 8; ex-div May 8. See FCF Dividend Scorecard, Yield Chart, & Dividend Growth.
First Commonwealth Financial ( FCF ) declares $0.14/share quarterly dividend , 3.7% increase from prior dividend of $0.135. Forward yield 3.0% Payable May 22; for shareholders of record May 8; ex-div May 8. See FCF Dividend Scorecard, Yield Chart, & Dividend Growth.
Poland, which is battling a rising number of cyberattacks from Russia, expects online threats to intensify as more advanced artificial intelligence tools spread, according to a senior government official. The government in Warsaw, one of the most outspoken critics of the Kremlin’s territorial ambitions, has seen a sharp increase in online attacks following Russia’s invasion of Ukraine in 2022, Paw...
Poland, which is battling a rising number of cyberattacks from Russia, expects online threats to intensify as more advanced artificial intelligence tools spread, according to a senior government official. The government in Warsaw, one of the most outspoken critics of the Kremlin’s territorial ambitions, has seen a sharp increase in online attacks following Russia’s invasion of Ukraine in 2022, Pawel Olszewski, Poland’s deputy digitalization minister, told Bloomberg in an interview in Warsaw. The bulk of such attacks were sourced from Russia, he said. “Unfortunately, we anticipate that the number of such attacks and cyber incidents in Poland will continue to rise as AI develops, acting as a multiplier that amplifies capabilities,” he said. The number of registered cyberattacks jumped by almost 150% to 273,000 last year, with many aimed at extorting money, Olszewski said. He said some of the proceeds help finance Russia’s war on Ukraine. Read More: Why Anthropic’s Mythos Is Sparking Global Alarm The “vast majority” of the incidents are “linked to the Russian Federation and the intelligence services of Russia and Belarus,” Olszewski said, adding the attackers are physically based outside Poland. Poland, eastern Europe’s largest economy, which has been rapidly building up its armed forces as a deterrent to Russia, has also experienced cyberattacks against key infrastructure. Among the most dangerous last year were ones aimed at a hospital, the water system in the city of Krakow as well as against energy infrastructure, Olszewski said. The attackers often change their methods and sometimes coordinate physical attacks with disinformation campaigns, he said. An example of that was a drone invasion in September last year which was accompanied by a “wave of disinformation, which immediately flooded the web.” “What we have been dealing with is, on the one hand, testing, and on the other, preparing for a possible large-scale attack,” Olszewski said.
S&P 500 Index futures are down 0.6% as of 7:50 a.m. in New York on concerns about artificial intelligence spending. Nasdaq 100 futures fall 1.2% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: OpenAI partners such as CoreWeave (CRWV -7%) and Oracle (ORCL -7%) are falling after the Wall Street Journal reporte...
S&P 500 Index futures are down 0.6% as of 7:50 a.m. in New York on concerns about artificial intelligence spending. Nasdaq 100 futures fall 1.2% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: OpenAI partners such as CoreWeave (CRWV -7%) and Oracle (ORCL -7%) are falling after the Wall Street Journal reported that the AI startup recently failed to meet targets for sales and new users, reviving worries about spending ahead of tech earnings. Stocks linked to the buildout of AI infrastructure — from computing providers to the makers of semiconductors and power equipment used in data centers — are also down after the Wall Street Journal report on OpenAI. Magnificent Seven stocks: Nvidia (NVDA) falls 2% on the OpenAI report. Apple (AAPL) +0.4%, Alphabet (GOOGL) -0.1%, Amazon (AMZN) -0.9%, Meta Platforms (META) -0.8%, Microsoft (MSFT) -1.2%, Tesla (TSLA) -1.2% Celestica (CLS) falls 13% after the maker of electronic components reported first-quarter results that featured smaller upside to expectations than in recent quarters. While it raised its full-year forecast, analysts said the company had been facing high expectations. Dynatrace (DT) gains 4% on a report that Starboard Value LP took a stake and is pushing the company to better capitalize on the shift to artificial intelligence. Erasca (ERAS) slides 40% after the biotech said one patient withdrew from the trial after a severe treatment-related adverse event and later died, according to a filing. General Motors (GM) rises 4% after raising its profit outlook for the year by $500 million, saying its pickups and sport utility vehicles continue to sell even as gasoline prices soar due to the war in Iran. LendingClub (LC) rises 9% after the online lender’s first-quarter revenue and net interest income beat the average analyst estimate. Nucor (NUE) rises 2% after the steelmaker reported first-quarter earnings per share that beat the av...
kynny Silicon Motion Technology ( SIMO ) is likely to report “solid” first-quarter results and reiterate its full-year expectations, Wedbush Securities said. “As a reminder, SIMO management tends towards conservatism when guiding, creating probability of upside should the quarter proceed as expected,” analyst Matt Bryson wrote in a note to clients. “With Chinese handset vendors necessarily turning...
kynny Silicon Motion Technology ( SIMO ) is likely to report “solid” first-quarter results and reiterate its full-year expectations, Wedbush Securities said. “As a reminder, SIMO management tends towards conservatism when guiding, creating probability of upside should the quarter proceed as expected,” analyst Matt Bryson wrote in a note to clients. “With Chinese handset vendors necessarily turning to domestic supply, we anticipate SIMO should meaningfully grow its eMMC/UFS controller business, with strength driven by continued [Yangtze Memory Technologies/ChangXin Memory Technologies] bit growth. While we believe retail demand (a point of strength for SIMO historically) has dipped as higher memory prices have led demand destruction, we believe the impact has likely been somewhat moderated by module vendors gaining incremental share at PC OEMs as even tier one vendors have been scrambling to ensure supply. We expect Silicon Motion should continue to see some benefit from share gains at fabs (particularly with its high performance gen 5 PCIe controllers).” Bryson reiterated his Outperform rating on Silicon Motion but upped his price target to $180 from $150. Turning to guidance, Silicon Motion should continue to get a tailwind from Yangtze Memory Technologies. The Chinese memory maker has continued to enable Chinese smartphone builds, even if growth is not as strong as expected going into the year, Bryson added. “Higher bit ASPs could continue to boost revenues (albeit we would not be surprised if module GMs fall somewhat). SIMO should continue to benefit from newer client SSD controller socket wins (both 4 and 8 channel PCIe designs). Net, our best guess is SIMO guides Q2 at least in-line and reiterates its outlook for the full year.” More on Silicon Motion Technology Silicon Motion Q1 Preview: AI Growth Is Unstoppable Silicon Motion: Further Upside Beckons As Demand For Enterprise-Grade SSDs Steps Up A Memory Super-Cycle Is Highlighting Silicon Motion's Opportunity ...
Abstract Aerial Art/DigitalVision via Getty Images I stumbled across an interesting infographic on Reddit (pictured below), showing that the average cost of textbooks increased by over 900% since 1978, far outpacing the 265% CPI gains. Another source suggests that textbooks increased by 1401% since 1974. I knew textbooks had increased dramatically, but posting nearly 4X or more gains compared to t...
Abstract Aerial Art/DigitalVision via Getty Images I stumbled across an interesting infographic on Reddit (pictured below), showing that the average cost of textbooks increased by over 900% since 1978, far outpacing the 265% CPI gains. Another source suggests that textbooks increased by 1401% since 1974. I knew textbooks had increased dramatically, but posting nearly 4X or more gains compared to the CPI took me off guard. AEI After seeing the above chart, I took a pretty long fall down the rabbit hole. As I tumbled, I started to realize that higher education may be in worse shape than I realized. An increasing number of young individuals are questioning the value of college degrees. Unemployment among recent college graduates is historically high, and the situation on the ground may be worse than what's on paper, which could further lower the value of a university degree. Meanwhile, the gig economy is likely masking some unemployment metrics as many recent grads turn to apps to scrape together cash to get by (thus not counting as unemployed). Low fertility rates have resulted in a looming demographic cliff . AI’s potential as both teacher and research assistant may disrupt the education sector and diminish the practical value of textbooks and other learning tools. For these reasons, I’m downgrading my rating to a hold. I covered John Wiley & Sons ( WLY ) back in October 2025 and assigned it a buy rating. Since then, WLY posted ~14% in returns, easily beating out the S&P 500’s ~6% returns. My buy rating was fueled in part by potential AI revenue streams. Data is very valuable for AI developers, and Wiley has tons of data that it should be able to monetize. I still like the angle here, although I do wonder how long tailwinds will last. The following sections focus primarily on the United States, but I believe we would observe similar patterns and developments in many other countries. Also, the United States makes up about half of all of Wiley’s revenue and thus will h...