The world's largest cruise line operator by revenue is taking on some water lately. Despite the market's recent rally, shares of Carnival Corp. (NYSE: CCL) have fallen 19% since peaking two months ago. Zoom out to pre-pandemic times, and Carnival is trading 63% below the all-time high it notched in 2018. It doesn't seem right. Trailing revenue of $27 billion is 54% ahead of where it was when the s...
The world's largest cruise line operator by revenue is taking on some water lately. Despite the market's recent rally, shares of Carnival Corp. (NYSE: CCL) have fallen 19% since peaking two months ago. Zoom out to pre-pandemic times, and Carnival is trading 63% below the all-time high it notched in 2018. It doesn't seem right. Trailing revenue of $27 billion is 54% ahead of where it was when the stock reached its high-water mark eight years ago. Net income has risen 19% in that time, though it is down 38% on a per-share basis, given all of the stock that Carnival and its peers had to issue to stay afloat during the prolonged COVID-19 shutdown. That doesn't diminish how historically cheap the cruise line's stock has become. Image source: Getty Images. Continue reading
Lyft has agreed to buy Gett, an app used for requesting black cabs in London. Lyft CEO David Risher says international growth and expansion into capital-light businesses like Gett are key to growing the rideshare company. Risher joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Lyft has agreed to buy Gett, an app used for requesting black cabs in London. Lyft CEO David Risher says international growth and expansion into capital-light businesses like Gett are key to growing the rideshare company. Risher joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
A tense ceasefire may be in place between Iran and the US, but with no peace talks on the horizon and with both sides enforcing oil blockades , it’s hardly reassuring for a global economy on edge. Besides blocking the Persian Gulf, the US is also boarding carriers thousands of miles from Iranian waters , depriving Tehran’s customers, by far the biggest being China, of millions of barrels of supply...
A tense ceasefire may be in place between Iran and the US, but with no peace talks on the horizon and with both sides enforcing oil blockades , it’s hardly reassuring for a global economy on edge. Besides blocking the Persian Gulf, the US is also boarding carriers thousands of miles from Iranian waters , depriving Tehran’s customers, by far the biggest being China, of millions of barrels of supply. Iran, for its part, continues to keep the Strait of Hormuz effectively closed, preventing the passage of hundreds of millions of barrels of oil and fuel as well as other commercial traffic. The standoff sent oil higher as stocks fluctuated on concern that a prolonged closure of the waterway could worsen energy disruptions, boosting inflation and slowing the economy. In contrast to the symmetric shock across much of the world during first few weeks of the Iran war, S&P Global’s purchasing manager indexes now suggest further damage to euro-zone private-sector activity , alongside fragile resilience in Asia. “Significant damage to the economy has already been done — now it’s just a question of how much worse it will get,” said Sonja Marten, chief economist at DZ Bank in Frankfurt. What You Need to Know Today Ukraine wants nothing short of “full-fledged” European Union membership . That’s the message President Volodymyr Zelenskiy is taking to a summit of EU leaders today in Cyprus. The renewed enlargement push comes after the EU was able to unblock €90 billion ($105 billion) in loans for Kyiv — party due to the fact that Hungarian Prime Minister Viktor Orban stopped vetoing the measures following an election loss. Google faces ramped up EU pressure to lift barriers to rival AI search assistants on Android handsets in an escalation that the US giant fears could compromise users’ security and privacy. EU watchdogs are poised to lay out what Alphabet unit must do to grant the likes of ChatGPT and Anthropic PBC’s Claude access to the same features on Android as those available to...
Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facing Confidence in the UK economy has fallen sharply amid the mounting economic fallout from the Iran war, surveys show, as businesses prepare to raise their prices and consumers brace for a fresh cost of living shock. Highlighting the knock-on impact of the Middle East c...
Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facing Confidence in the UK economy has fallen sharply amid the mounting economic fallout from the Iran war, surveys show, as businesses prepare to raise their prices and consumers brace for a fresh cost of living shock. Highlighting the knock-on impact of the Middle East crisis in Britain, several closely-watched surveys of business activity and consumer confidence blamed the ongoing US-Israeli war on Iran for a marked deterioration in the outlook in April. Continue reading...
Mexico’s President Claudia Sheinbaum sought to ease tensions with the US after the death of CIA agents following a recent drug lab bust in northern Mexico, blaming an opposition state government for failing to adhere to proper security protocols. Sheinbaum told reporters at her daily press conference that the breach of protocols kept federal security officials in the dark over the involvement of t...
Mexico’s President Claudia Sheinbaum sought to ease tensions with the US after the death of CIA agents following a recent drug lab bust in northern Mexico, blaming an opposition state government for failing to adhere to proper security protocols. Sheinbaum told reporters at her daily press conference that the breach of protocols kept federal security officials in the dark over the involvement of the US agents, who later died in a car crash after the drug lab was dismantled last weekend. The president also indicated that she expressed her condolences to US officials earlier this week for the loss of US lives. The Mexican leader pinned the blame for apparent invitation of the US agents on the opposition-run state government of Chihuahua, just south of Texas. “They made an error by having sought the collaboration. Of course, the government of the US and its ambassador should have informed federal government entities. The main error was from the state government,” Sheinbaum said on Thursday. Under Sheinbaum, Mexico has worked closely with the US to combat drug-trafficking, but the leftist leader has repeatedly insisted that US agents can only operate within the country when invited by the federal government. Read More: CIA Agent Deaths in Mexico Rekindle Security Tensions With US
Will Micron Technology Stock Split in 2026? Yahoo Finance Here’s What Citi and UBS Think About Micron Technology (MU) Yahoo Finance ASML Has Just Delivered Massive News for Micron Technology Investors The Motley Fool
Will Micron Technology Stock Split in 2026? Yahoo Finance Here’s What Citi and UBS Think About Micron Technology (MU) Yahoo Finance ASML Has Just Delivered Massive News for Micron Technology Investors The Motley Fool
JHVEPhoto/iStock Editorial via Getty Images Celestica Inc. ’s ( CLS ) slight dip in pre-market trading Monday (April 20) following reports of a potential chip collaboration between Marvell ( MRVL ) and Alphabet/Google ( GOOG / GOOGL ) highlights the stock’s continued sensitivity to risks of revenue share dilution in the emerging custom silicon opportunity. This resembles a similar pullback in Janu...
JHVEPhoto/iStock Editorial via Getty Images Celestica Inc. ’s ( CLS ) slight dip in pre-market trading Monday (April 20) following reports of a potential chip collaboration between Marvell ( MRVL ) and Alphabet/Google ( GOOG / GOOGL ) highlights the stock’s continued sensitivity to risks of revenue share dilution in the emerging custom silicon opportunity. This resembles a similar pullback in January leading up to Celestica’s Q4 earnings update, which was triggered by reports alleging Google’s diversification of its TPU server assembly orders to Taiwanese manufacturers like Inventec. However, recent speculation of a potential Marvell-Google partnership on next-generation TPUs and, potentially, memory processing units (“MPUs”) could represent good news for Celestica. Recall from Celestica’s latest Q4 earnings update, the company had assuaged market concerns about potential revenue share loss by confirming an expanded partnership with Google as the hyperscaler’s preferred manufacturer of TPU systems. This expanded opportunity is reinforced by recent reports of a potential Google-Marvell partnership, which underscores the hyperscaler’s extension of its custom silicon portfolio beyond TPUs and into MPUs in order to address the intensifying memory crunch in ongoing AI infrastructure deployments. Google’s latest introduction of its next-generation TPU v8 processors , which are split into two variants – namely, 8i for inference and 8t for training – also underscore an expanded custom silicon roadmap poised to benefit the expanded Celestica system manufacturing partnership. Taken together, Celestica remains well-positioned for continued appreciation, as it remains at the early stages of benefitting from increasing custom silicon and the adjacent networking opportunities discussed in the previous coverage . The Significance of Celestica’s Partnership With Google The Celestica stock has historically been sensitive to headlines that suggest Google diversification of its vendor...
data center powered by wind farm Hugo Kurk/iStock via Getty Images Brookfield Corporation ( BN ) might be one of the most underrated AI plays in the entire market right now. Investing heavily in several layers of AI infrastructure, it is quietly building the physical foundation for the AI ecosystems of the future. While AI companies compete head-to-head to build the best model, burning through cas...
data center powered by wind farm Hugo Kurk/iStock via Getty Images Brookfield Corporation ( BN ) might be one of the most underrated AI plays in the entire market right now. Investing heavily in several layers of AI infrastructure, it is quietly building the physical foundation for the AI ecosystems of the future. While AI companies compete head-to-head to build the best model, burning through cash in the process, Brookfield is building the physical foundation for the entire AI landscape. Brookfield’s AI investments go much further than just infrastructure. With the launch of Radiant, the company is offering full-stack AI services, supplying NVIDIA ( NVDA )-based compute to end users across the business landscape. The possibilities here are endless. Through various publicly traded subsidiaries, Brookfield already has a portfolio of energy and data centers that it is marshalling toward the end goal of supplying AI hyperscalers. The company is making immense progress with that, having signed power supply deals with Microsoft ( MSFT ) and Alphabet ( GOOG ) worth billions of dollars . Despite its many AI investments, Brookfield is not valued like an AI company. According to Seeking Alpha Quant, it has a 0.69 PEG ratio, which is below average. Seeking Alpha Quant’s BN valuation page does show some high metrics, such as a 95 P/E ratio. However, as I’ll show in a later section on valuation, the company clearly trades at a discount going by the sum of the parts (SOTP) methodology and is cheaper than the average AI company overall. When I last covered Brookfield Corp., I rated the stock a buy , mainly because I thought the company had a catalyst in the form of Donald Trump’s infrastructure priorities. Since then, the stock has delivered a 16.9% total return, about equalling the S&P 500’s return. At the time I wrote my last article, Canada and the U.S. were in the midst of a trade war that appeared to be weighing on Brookfield’s stock price. That concern has subsided. Today, ...
Earnings Call Insights: West Pharmaceutical Services (WST) Q1 2026 Management View Eric Green (Non-Independent Chair of the Board, President & CEO) said “the year is off to a strong start” and reported “first quarter revenues of $845 million” and “adjusted EPS came in at $2.13,” adding that “due to our strong first quarter performance and the expected ongoing momentum in our business, we are incre...
Earnings Call Insights: West Pharmaceutical Services (WST) Q1 2026 Management View Eric Green (Non-Independent Chair of the Board, President & CEO) said “the year is off to a strong start” and reported “first quarter revenues of $845 million” and “adjusted EPS came in at $2.13,” adding that “due to our strong first quarter performance and the expected ongoing momentum in our business, we are increasing our revenue and adjusted EPS guidance for full year 2026.” Eric Green (Non-Independent Chair of the Board, President & CEO) positioned HVP components as the key driver, stating “HVP components grew 23% on an organic basis,” with “strong performance in both GLP-1 and non-GLP-1 revenues,” and that GLP-1 “contributed 10% of total company sales, consistent with the previous quarter.” Eric Green (Non-Independent Chair of the Board, President & CEO) linked outperformance to manufacturing execution, describing “operational excellence” actions including accelerated onboarding, “qualify second sites,” and “transfer of knowledge and implementation of best practices.” Robert McMahon (Senior VP & CFO) said Q1 “exceed[ed] our expectations,” noting “price contributed 3.5 percentage points of growth,” and highlighted capital return: “the Board of Directors authorized a new $1 billion share repurchase program,” and “we repurchased 1.2 million shares for $298 million.” Outlook Management raised full-year 2026 guidance to “revenue to be in the range of $3.295 billion to $3.35 billion” and “adjusted earnings per share to be between $8.40 to $8.75.” Robert McMahon (Senior VP & CFO) said the outlook assumes continued mix benefits and cost offsets while staying cautious: “The macro environment continues to be dynamic, and so we will remain prudent with our forecasting given we have 3 quarters to go in the year.” Robert McMahon (Senior VP & CFO) reiterated portfolio and deal assumptions: “We continue to expect to close the SmartDose transaction midyear,” and said the company expects “a net ...
Earnings Call Insights: Churchill Downs Incorporated (CHDN) Q1 2026 Management View "We delivered a strong start to the year with record first quarter net revenues of $663 million and record adjusted EBITDA of $257 million" (CEO & Director William C. Carstanjen), while also highlighting that the company "successfully opened our Marshall Yards historical racing machine venue in Calvert City, Kentuc...
Earnings Call Insights: Churchill Downs Incorporated (CHDN) Q1 2026 Management View "We delivered a strong start to the year with record first quarter net revenues of $663 million and record adjusted EBITDA of $257 million" (CEO & Director William C. Carstanjen), while also highlighting that the company "successfully opened our Marshall Yards historical racing machine venue in Calvert City, Kentucky, on time and on budget." "We signed a definitive agreement to acquire the intellectual property rights to the Preakness Stakes and the Black-Eyed Susan Stakes from a subsidiary of The Stronach Group" (CEO Carstanjen), adding that the Preakness is, "in our view, an iconic asset" and that Churchill Downs expects it to be "the second most wagered on race in the country." "We are unveiling several exciting upgrades" for the Kentucky Derby (CEO Carstanjen), including that the company "completed renovations of The Mansion" and that "our Finish Line Suites have also been significantly upgraded," with a post-Derby acceleration of Victory Run that management said it will "finish ... in time for the 2028 Kentucky Derby." "We introduced roulette electronic table games or ETGs based on historical horse races at 6 of our Kentucky HRM properties during the first quarter" (CEO Carstanjen), and management said, "early indications are very encouraging" and the ETGs are "accretive to our GGR in Kentucky," with additional HRM-based ETGs under development, "including Craps and then Blackjack." "We delivered record first quarter revenue and adjusted EBITDA" (Executive VP & CFO Marcia Dall), and "we generated $276 million or $3.94 per share of free cash flow in the first quarter," ending the quarter at "bank covenant net leverage of 3.9x." Outlook "We are anticipating an exceptional Derby and Derby Week, significantly outpacing not only last year, but also Derby 150 in 2024" (CEO Carstanjen), and "we expect to be fully sold out." "We are very confident in our $15 million to $20 million of Der...
We are selling 75 shares of Qnity Electronics at roughly $145. Following the trade, Jim Cramer's Charitable Trust will own 850 shares of Qnity, decreasing its weight in the portfolio to 3.25% from 3.55%. We are ringing the register as Qnity surges to new record highs. Semiconductors have been the strongest cohort in the market since the end of March, with the Philadelphia Semiconductor Sector inde...
We are selling 75 shares of Qnity Electronics at roughly $145. Following the trade, Jim Cramer's Charitable Trust will own 850 shares of Qnity, decreasing its weight in the portfolio to 3.25% from 3.55%. We are ringing the register as Qnity surges to new record highs. Semiconductors have been the strongest cohort in the market since the end of March, with the Philadelphia Semiconductor Sector index up about 42% since March 30. Qnity Electronics, the leading pure-play provider of materials and chemicals for the semiconductor industry, has kept pace with the group, rallying 36% over the same time span. Qnity's 78% gain this year ranks as the 14th best performer in the S & P 500 , one spot ahead of GE Vernova . These two companies share a similar bond: both have skyrocketed since their spin-offs from their parent companies. Qnity was spun out of DuPont in November 2025, while GE Vernova came out of GE in April 2024. The success of these two spins is why we are such big fans of industrial breakups. Honeywell on Thursday moved up its timeline for separating its aerospace business, a positive update that offset the sting of a soft earnings report. We're pleased to see Qnity gain recognition in the market as a critical supplier to the semiconductor and electronics industry, but we're taking profits because the stock has gone parabolic since the Iran war de-escalated. It's rallied about 30% since our previous sale in February, and we don't want to be too greedy. Qnity is scheduled to report its first-quarter earnings on May 12 after the closing bell. From this sale, we will realize a gain of 64% on the stock purchased in August 2023. (Jim Cramer's Charitable Trust is long Q. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a s...
Crunchbits, the high-performance computing provider known for GPU compute, bare metal, and virtualized infrastructure, today announced it has rebranded as Synteq HPC, effective immediately. Alongside the new identity, the company is launching two new datacenter locations in Dallas, Texas and Sofia, Bulgaria, announcing a more than 10x year-over-year expansion in compute and storage capacity and ba...
Crunchbits, the high-performance computing provider known for GPU compute, bare metal, and virtualized infrastructure, today announced it has rebranded as Synteq HPC, effective immediately. Alongside the new identity, the company is launching two new datacenter locations in Dallas, Texas and Sofia, Bulgaria, announcing a more than 10x year-over-year expansion in compute and storage capacity and backend hardware. The company is also deploying NVIDIA's latest Blackwell-generation GPUs (the RTX PRO