David Ramos/Getty Images News Nokia Overview As highlighted back in October, Nokia Oyj ( NOK ) finally joined the AI race with the investment from NVIDIA Corporation ( NVDA ) to power a transition to AI-powered networking. The stock has continued a path higher due to faster growth from the optical networking unit. My investment thesis remains bullish on Nokia, though the market is far more aware o...
David Ramos/Getty Images News Nokia Overview As highlighted back in October, Nokia Oyj ( NOK ) finally joined the AI race with the investment from NVIDIA Corporation ( NVDA ) to power a transition to AI-powered networking. The stock has continued a path higher due to faster growth from the optical networking unit. My investment thesis remains bullish on Nokia, though the market is far more aware of the return to growth. Source: Finviz Improving Outlook Before the opening bell, Nokia reported Q1'26 results as follows: Source: Seeking Alpha The numbers aren't overly impressive, with total revenues only growing by a minimal 2.3%. Nokia grew sales by 4% on a constant currency basis, but the telecom company is still working on scaling the AI business to a level to impact overall sales. Nokia forecasts Network Infrastructure sales to grow at a 12% to 14% CAGR through 2028, with the Optical Networks unit to grow by 18% to 20%. The company had assumptions for the Optical Networks unit to only grow 10% to 12%, with growth rates nearly doubling now since the original assumption for 2026 back in January. Source: Nokia Q1'26 presentation The big question is how much this can move the needle. The Optical Networks unit's Q1 sales were only €821 million, or ~18% of total sales. The whole Network Infrastructure division was ~€1.7 billion in Q1, or less than 50% of total sales. Nokia is still more reliant on Mobile Infrastructure sales, where demand is more tepid. Those sales only grew 3% in Q1'26 on an FXN basis, just half the growth rates of NI. In essence, the AI & Cloud networking business that grew 49% YoY in Q1 is going to have to drag a much larger business higher. Nokia made a great acquisition getting the Infinera business back in mid-2024, contributing to a suddenly material AI & Cloud business. Nokia was producing less than €100 million in quarterly sales in the AI & Cloud business, ending 2024 to reporting a record of nearly €400 million in Q4'25. The company recorded €2...
(RTTNews) - Despite lingering concerns about Middle East tensions, the Switzerland market closed on a strong note on Thursday, led by impressive gains in several big name stocks, including Nestle and Roche. The benchmark SMI ended with a gain of 180.43 points or 1.38% at 13,24
(RTTNews) - Despite lingering concerns about Middle East tensions, the Switzerland market closed on a strong note on Thursday, led by impressive gains in several big name stocks, including Nestle and Roche. The benchmark SMI ended with a gain of 180.43 points or 1.38% at 13,24
CRobertson Churchill Downs ( CHDN ) announced on Thursday that the 152nd Kentucky Derby will feature a larger slate of onsite brand activations designed to make the fan experience more interactive across beauty, food and beverage, and technology via both returning signature partners and new collaborations. The Derby promotions will feature L’Oréal Paris as the first beauty partner, as well as fres...
CRobertson Churchill Downs ( CHDN ) announced on Thursday that the 152nd Kentucky Derby will feature a larger slate of onsite brand activations designed to make the fan experience more interactive across beauty, food and beverage, and technology via both returning signature partners and new collaborations. The Derby promotions will feature L’Oréal Paris as the first beauty partner, as well as fresh activations from brands such as Graeter’s, Hallmark, Mitsubishi Electric, and others. The company described the effort as part of a broader push to create memorable touchpoints from gate entry through the final race while keeping the event rooted in Derby tradition. 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 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. Shares of Churchill Downs ( CHDN ) rallied 8.2% in late action on Thursday after the company beat Q1 revenue, adjusted EPS, and adjusted EBITDA estimates. More on Churchill Downs Churchill Downs Incorporated (CHDN) Q1 2026 Earnings Call Transcript Churchill Downs: A 150-Year-Old Cash Machine Trading At A Discount Churchill Downs Incorporated (CHDN) Q4 2025 Earnings Call Transcript Churchill Downs outlines $15M-$20M 2026 Derby EBITDA growth while advancing Preakness IP deal Churchill Downs Non-GAAP EPS of $1.21 beats by $0.21, revenue of $663M beats by $1.37M
International developed-market equities have outperformed US large caps through the first four months of 2026. The S&P 500 is up about 4.5% year to date, while three of the most widely held developed ex-US ETFs have posted mid-to-high single-digit gains over the same stretch. The performance gap reflects a rotation into cheaper European and Japanese ... Why Smart investors Are Loading Up on These ...
International developed-market equities have outperformed US large caps through the first four months of 2026. The S&P 500 is up about 4.5% year to date, while three of the most widely held developed ex-US ETFs have posted mid-to-high single-digit gains over the same stretch. The performance gap reflects a rotation into cheaper European and Japanese ... Why Smart investors Are Loading Up on These 3 International ETFs Right Now
Poet Technologies (NASDAQ: POET) stock is getting hit with a big valuation pullback in Thursday's trading. The company's share price was down 7.3% as of 2:30 p.m. ET and had been down as much as 15.7% earlier in the day. Poet's valuation is taking a big step back today as investors react to a big quarterly report in the software industry and other catalysts. Despite the big pullback today , Poet s...
Poet Technologies (NASDAQ: POET) stock is getting hit with a big valuation pullback in Thursday's trading. The company's share price was down 7.3% as of 2:30 p.m. ET and had been down as much as 15.7% earlier in the day. Poet's valuation is taking a big step back today as investors react to a big quarterly report in the software industry and other catalysts. Despite the big pullback today , Poet stock is still up 61% over the last week of trading. Image source: Getty Images. Continue reading
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Also! We’re doing another live show in NYC on May 28th ! A slew of great guests will be announced in the days ahead, but you can get your tickets RIGHT NOW. If you want to come say hi to the two of us, hang out with fellow listeners, and enjoy an evening of podcast recordings, then click this link or the image below. What Joe is thinking about today AI-driven layoffs are everywhere except the data. Today we got the latest reading of Initial Jobless Claims, and it came in at 214K, which is a little bit above the 210K that economists had expected, but is still at a very low number. Since I haven’t posted it in awhile, here is a chart of the 52-week average of Non-Seasonally Adjusted Jobless Claims. The number remains right near the very lows of the post-COVID era. The black line is the weekly non-seasonally adjusted number. The magenta line is the moving average. But like I said, everyone’s talking about AI-driven layoffs. So there seems to be some disconnect between talk and action. Of course, for AI to drive layoffs, first it has to be adopted. And to be honest, I still am unclear about what “AI adoption” actually means. For example, today the fund manager Dan Loeb posted a Claude output regarding Iran’s oil wells on Twitter . Is this an example of “AI adoption”? I mean, obviously on some level it is. But what that means for jobs and employment, I’m less clear on. Here’s just part of it: The best thing I read all week was from Rachel Karten’s Substack titled: Doe...
Ireland and Spain will also not broadcast Eurovision after decision to boycott live event over Israel’s participation National broadcasters in Ireland, Spain and Slovenia will not air the Eurovision song contest this year, after they decided to boycott the event over Israel’s participation. Having announced it would not submit a national entry, the Slovenian broadcaster RTV confirmed on Thursday i...
Ireland and Spain will also not broadcast Eurovision after decision to boycott live event over Israel’s participation National broadcasters in Ireland, Spain and Slovenia will not air the Eurovision song contest this year, after they decided to boycott the event over Israel’s participation. Having announced it would not submit a national entry, the Slovenian broadcaster RTV confirmed on Thursday it would implement a broadcasting blackout of the world’s largest live music event and instead show a series of films about Palestine. Continue reading...
SALT LAKE CITY, UTAH - Amid an expansion of federal immigration enforcement operations, ICE has reportedly purchased a 833,000 square foot warehouse in Salt Lake City, paying well above its assessed value, to support detention, processing, and logistical needs in the region. (Photo by Justin Sullivan/Getty Images) | Getty Images A bill introduced by Rep. Rashida Tlaib (D-MI) would prohibit the Dep...
SALT LAKE CITY, UTAH - Amid an expansion of federal immigration enforcement operations, ICE has reportedly purchased a 833,000 square foot warehouse in Salt Lake City, paying well above its assessed value, to support detention, processing, and logistical needs in the region. (Photo by Justin Sullivan/Getty Images) | Getty Images A bill introduced by Rep. Rashida Tlaib (D-MI) would prohibit the Department of Homeland Security from converting warehouses and similar buildings into immigrant detention centers, an attempt to slow President Donald Trump's mass deportations campaign. The Ban Warehouse Detention Act would also forbid Immigration and Customs Enforcement from developing other "non-traditional" detention facilities. "ICE and CBP [Customs and Border Protection] are murdering people in the streets, tearing families apart, abducting our neighbors, and locking them in cages. Now they are attempting to buy and convert warehouses across our country into massive pr … Read the full story at The Verge.
ozgurdonmaz/iStock Unreleased via Getty Images Apple's ( AAPL ) total revenues expected for fiscal Q2 have ticked up since the fall but are flat from last quarter, according to Visible Alpha consensus, from $102.9 billion to $109.3 billion. Sentiment seems to reflect a view that iPhone buying is stable with improvements in China and users continuing to upgrade in the US. Since late January, expect...
ozgurdonmaz/iStock Unreleased via Getty Images Apple's ( AAPL ) total revenues expected for fiscal Q2 have ticked up since the fall but are flat from last quarter, according to Visible Alpha consensus, from $102.9 billion to $109.3 billion. Sentiment seems to reflect a view that iPhone buying is stable with improvements in China and users continuing to upgrade in the US. Since late January, expected Q2 iPhone units have edged higher to 60 million, but FY 2026 ticked down to 254 million. Currently, Q2 is expected to deliver $56.5 billion in iPhone sales and $242.6 billion in FY 2026 and $257.1 billion in FY 2027. Overall, large looming questions remain about the supply chain; however, iPhone expectations are continuing to show positive momentum this quarter, driven by upgrades. Expectations for the high-margin Services segment remained stable for Q2 at around $30 billion. The gross margin for the Services segment is over 70%, significantly higher than the 37% gross margin for Products. Given the large installed base, we are looking forward to what the company says in the Q2 earnings release about growth in Services and the role of Apple Intelligence in FY 2026.With CEO Tim Cook stepping down from September and new leadership taking the reins for the critical back-to-school and holiday selling season, the visibility of Apple Intelligence enhancements and new product rollouts will be a critical focus. In addition, will Apple use its over $100 billion cash position to buy back stock and increase dividends or make an acquisition? Apple stock has been up almost 6% since last quarter. The consensus P/E for 2026 is 32x with a target price of $309. Could the Q2 release and outlook confirm the upgrade cycle and drive further outperformance in the stock? Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Danaher Corporation ( DHR ) has agreed to pay $172.5M to settle a class action lawsuit filed by a group of investors who accused the company of misrepresenting demand for its test and vaccine equipment as the impact of the COVID-19 pandemic waned. A preliminary settlement for the all-cash deal was filed with the US District Court for the District of Columbia on Wednesday. If approved, it will be t...
Danaher Corporation ( DHR ) has agreed to pay $172.5M to settle a class action lawsuit filed by a group of investors who accused the company of misrepresenting demand for its test and vaccine equipment as the impact of the COVID-19 pandemic waned. A preliminary settlement for the all-cash deal was filed with the US District Court for the District of Columbia on Wednesday. If approved, it will be the largest securities class action settlement handled by that court since a law governing such cases took effect in 1996. Shareholders alleged that in 2022 and 2023, the company issued false and misleading statements about its "bioprocessing" business, which focuses on biopharmaceutical production. The claims included comments saying there will be a sustainable demand for its products. As the truth unraveled and Danaher ( DHR ) lowered its outlook, shares of the Washington, D.C.-based firm fell multiple times, the claimants argued. While agreeing to resolve the case, the company denied any wrongdoing. The settlement "will allow us to avoid burdensome litigation and stay focused on our mission of helping solve the world’s most critical health challenges,” Reuters reported, quoting a Danaher ( DHR ) spokesperson as saying on Thursday. More on Danaher Danaher Corporation: Masimo Deal Adds Long-Term Potential But Near-Term Pressure Danaher Q1 2026 Earnings Update Danaher Corporation (DHR) Q1 2026 Earnings Call Transcript Danaher signals 2026 adjusted EPS of $8.35-$8.55 while keeping 3%-6% core growth outlook Danaher rises after lifting full-year earnings outlook
Seven-day-old Poppy Hope Lomas died after complications during home birth encouraged by midwives at Barnet hospital A mother who lost her baby a week after an “unsafe” home birth that went against medical advice was failed by the NHS, an inquest has found. Poppy Hope Lomas was seven days old when she died at University College hospital in London on 26 October 2022 after complications during a home...
Seven-day-old Poppy Hope Lomas died after complications during home birth encouraged by midwives at Barnet hospital A mother who lost her baby a week after an “unsafe” home birth that went against medical advice was failed by the NHS, an inquest has found. Poppy Hope Lomas was seven days old when she died at University College hospital in London on 26 October 2022 after complications during a home birth that, according to her mother, was encouraged by midwives at Barnet hospital. Continue reading...
alexsl Hunting Alphas has upgraded NVIDIA ( NVDA ) to a Buy, citing an attractive valuation discount as the next AI supercycle begins. Similarly, 3M ( MMM ) has been upgraded by Bay Area Ideas, who sees the current valuation pullback as an ideal entry point for long-term growth. In contrast, some sector giants face a more cautious outlook. JR Research has downgraded Amazon ( AMZN ), warning that t...
alexsl Hunting Alphas has upgraded NVIDIA ( NVDA ) to a Buy, citing an attractive valuation discount as the next AI supercycle begins. Similarly, 3M ( MMM ) has been upgraded by Bay Area Ideas, who sees the current valuation pullback as an ideal entry point for long-term growth. In contrast, some sector giants face a more cautious outlook. JR Research has downgraded Amazon ( AMZN ), warning that the market may be too complacent regarding potential free cash flow volatility. Halliburton ( HAL ) has also seen a downgrade to Hold by Zoltan Ban, who suggests that the stock’s recent strong rally has left little room for further upside. Upgrades Nvidia ( NVDA ): Upgrade to Buy by Hunting Alphas . The analyst highlights that Nvidia is breaking out of a recent performance lull, supported by strong pricing power from GPU shortages and the upcoming ramp of the Vera Rubin platform. “I believe this gives Nvidia plenty of pricing leverage and sustained demand visibility for them to have the confidence to invest aggressively in newer and better products.” 3M Company ( MMM ): Upgrade Hold to Buy by Bay Area Ideas . While near-term fundamentals remain mixed, the analyst believes a forward P/E of 17x represents a reasonable entry point paired with catalysts like the Madison Fire & Rescue acquisition. “Despite the shaky fundamentals and soft near-term outlook, the emergence of potential catalysts like the Madison Fire & Rescue acquisition helps to brighten the long-term outlook. With the valuation having pulled back considerably from the highs seen earlier this year, I believe investors can start nibbling on the stock. Therefore, I'm upgrading 3M to a Buy rating.” Downgrades Halliburton Company ( HAL ): Downgrade to Hold by Zoltan Ban . The analyst notes that while Q1 results were resilient, the stock’s valuation has reached a point where the upside is limited, especially given delayed increases in global drilling activity. “Halliburton needs to see an improved external environment f...
Earnings Call Insights: Enterprise Financial Services Corp (EFSC) Q1 2026 Management View "The solid financial performance that we've generated over the past several years continued into the first quarter of 2026." (President, CEO & Director James Lally) "For the quarter, we earned $1.30 per diluted share compared to a seasonally strong $1.45 in the linked quarter and $1.31 in the first quarter of...
Earnings Call Insights: Enterprise Financial Services Corp (EFSC) Q1 2026 Management View "The solid financial performance that we've generated over the past several years continued into the first quarter of 2026." (President, CEO & Director James Lally) "For the quarter, we earned $1.30 per diluted share compared to a seasonally strong $1.45 in the linked quarter and $1.31 in the first quarter of 2025." (President, CEO & Director Lally) "Net interest income was relatively stable when compared to the linked quarter at $166 million, while net interest margin expanded 2 basis points to 4.28%." (President, CEO & Director Lally) "Loans dipped slightly in the quarter" and management cited "several significant closings" sliding into Q2, a "$100 million pay-down" in low-income housing tax credit loans, and "the sale of $25 million of SBA loans in the quarter, which produced a gain of $1.4 million." (President, CEO & Director Lally) "We did experience a typical first quarter deposit outflows" while "our percentage of DDA to total deposits remained at 33%" and "the overall cost of deposits" declined "to 1.52%." (President, CEO & Director Lally) "It was on our 2025 first quarter earnings call that we first spoke of the 7 Southern California loans that ultimately landed in OREO" and "currently have 4 of these properties under contract, representing total OREO balances of $46 million." (President, CEO & Director Lally) "The elevated geopolitical risks, Iran conflict and market complexities may, however, result in our organic growth being more uneven over the next couple of quarters." (Senior EVP & Chief Banking Officer Douglas Bauche) "We reported earnings per share of $1.30 in the first quarter on net income of $49 million." (Senior EVP, CFO & COO Keene Turner) Outlook "I’m still bullish on overall mid-single-digit balance sheet growth for the year" while warning that "the longer that uncertainty is, the byproduct of the conflict in Iran, borrower sentiments may be cautious, w...