splendens/iStock via Getty Images Ball Corp. ( BALL ) won a vote of confidence from Raymond James on Tuesday after analyst Matt Roberts upgraded the shares to Outperform from Market Perform, arguing the company’s beverage can business continues to benefit from durable industry trends. Roberts said beverage cans appear better insulated than other packaging categories from broader demand weakness ti...
splendens/iStock via Getty Images Ball Corp. ( BALL ) won a vote of confidence from Raymond James on Tuesday after analyst Matt Roberts upgraded the shares to Outperform from Market Perform, arguing the company’s beverage can business continues to benefit from durable industry trends. Roberts said beverage cans appear better insulated than other packaging categories from broader demand weakness tied to inflation and shifting consumer spending. “We believe BevCans are particularly immune to broader volume concerns in other substrates/categories or, at the least, relatively less impacted by potential indirect demand impacts from inflation,” Roberts wrote in a note to clients. The analyst also pointed to Ball’s relatively modest exposure to Asia and the Middle East, potentially limiting geopolitical and regional demand risks compared with more globally exposed industrial names. In addition, Roberts said higher input costs for aluminum, energy and freight are largely passed through to customers on a spot basis, helping protect margins even in a volatile cost environment. Raymond James set a $73 price target on Ball ( BALL ) shares, implying roughly 14% upside from the stock’s previous close. Graphic Packaging cut as pricing power wanes In the same sector call, Raymond James downgraded Graphic Packaging Holding ( GPK ) to Underperform from Market Perform. Roberts said paper-based packaging markets remain challenged, with weak supply-demand dynamics limiting the company’s ability to raise prices. “Applicable paper substrates have lacked any pricing power to date given unfavorable supply and demand conditions,” he wrote. The contrasting calls suggest Raymond James sees a more favorable setup in metal packaging, where pricing structures and category resilience may offer steadier returns than paper packaging markets facing oversupply pressure. More on Ball, Graphic Packaging Holding Graphic Packaging Holding: Falling Earnings Make This A Hold Graphic Packaging Holding Compan...
Mark D. Fischer, EVP, General Counsel & Sec. of PVH Corp. (NYSE:PVH) , reported the sale of 6,939 shares of Common Stock in multiple open-market transactions on April 16 and April 17, 2026, according to a recent SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($92.59); post-transaction value based on April 17, 2026 market close ($94.17). Note: 1-year price...
Mark D. Fischer, EVP, General Counsel & Sec. of PVH Corp. (NYSE:PVH) , reported the sale of 6,939 shares of Common Stock in multiple open-market transactions on April 16 and April 17, 2026, according to a recent SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($92.59); post-transaction value based on April 17, 2026 market close ($94.17). Note: 1-year price performance is calculated using April 17th, 2026 as the reference date. Continue reading
The confirmation hearing for President Donald Trump 's nominee to be the next Federal Reserve chairman once again sparked heated debate over central bank independence. Senators on the Banking Committee on Tuesday grilled Kevin Warsh about how independent the Fed can be when the president openly demands lower interest rates. Just hours before the hearing, Trump said on CNBC's " Squawk Box " he woul...
The confirmation hearing for President Donald Trump 's nominee to be the next Federal Reserve chairman once again sparked heated debate over central bank independence. Senators on the Banking Committee on Tuesday grilled Kevin Warsh about how independent the Fed can be when the president openly demands lower interest rates. Just hours before the hearing, Trump said on CNBC's " Squawk Box " he would be disappointed if Warsh didn't cut rates "right away" after being confirmed and taking the helm. The two questions that the market cares about most: Will the economic data support a rate cut? If not, will Warsh cut anyway and risk the Fed's ability to act free of political interference — and, in turn, investors' views as to the investability of U.S. financial markets? The cornerstone of the Fed has always been its independence to deliver, as it sees fit, on its dual mandate of maximizing employment and fostering stable prices. Warsh, who served as a Fed governor from 2006 to 2011, said during Tuesday's hearing that the practice would not change under his watch. "I'm honored the president nominated me for the position, and I'll be an independent actor if confirmed as chairman of the Federal Reserve." He added that all presidents generally favor lower rates as they are supportive of the economy. The only difference with this president, he said, is that Trump says it out loud. Warsh stressed, however, "The president never asked me to predetermine, commit, fix, [or] decide on any interest rate decision in any of our discussions. Nor would I ever agree to do so." Gauging the level of Fed independence is somewhat subjective because views on the future course of rates can vary greatly. Both before and following the Warsh hearing, the CME FedWatch tool gave nearly 70% odds on no rate cuts this year. That's up from 54% on Monday. If confirmed, Warsh would take over the Fed in May, when from current central bank chief Jerome Powell 's term ends. Trump has criticized Powell for not...
Investors should “expect choppiness this earnings season” for European equities ( VGK ), ( IEV ), according to Katy L. Huberty, global director of research at Morgan Stanley. While the firm remains constructive on the medium-term outlook, Huberty anticipates a tactical pause to the rebound at the index level as investor sentiment has become overextended. The strategist points to elevated expectati...
Investors should “expect choppiness this earnings season” for European equities ( VGK ), ( IEV ), according to Katy L. Huberty, global director of research at Morgan Stanley. While the firm remains constructive on the medium-term outlook, Huberty anticipates a tactical pause to the rebound at the index level as investor sentiment has become overextended. The strategist points to elevated expectations around geopolitical developments as a key factor behind the expected pause. According to Huberty, investor sentiment, “particularly around expectations for a resolution to ongoing disruptions in the Strait of Hormuz, has come a long way,” suggesting the market may have priced in too optimistic a scenario. Despite the anticipated choppiness at the index level, Huberty sees favorable conditions emerging for individual stock selection. MSCI Europe 20-day MA single stock dispersion sesonality (MSCI, FactSet, Morgan Stanley Research) The strategist notes that consensus earnings growth for MSCI Europe ( IEUR ) overall is moving up, and stock-level dispersion is currently “well above seasonal averages,” making for a “strong stock-picking environment” as the market shifts back to idiosyncratic drivers amid earnings season. Looking at sector-specific expectations, Morgan Stanley identifies clear winners and losers heading into the reporting period. According to the strategist, the firm expects “the biggest skew to beats in the energy, utilities, banks, and telecom sectors,” positioning these industries as potential outperformers during the current earnings cycle. Conversely, Huberty warns that certain sectors face a more challenging earnings hurdle. The strategist expects “the biggest skew to misses in luxury, autos, and staples,” according to Morgan Stanley’s analysis, suggesting investors may want to approach these industries with greater caution as companies report their quarterly results. European-focused ETFs: ( VGK ), ( EZU ), ( BBEU ), ( IEUR ), ( HEDJ ), ( IEV ), ( FDD )...
denisik11/iStock via Getty Images Advanced Micro Devices, Inc. ( AMD ) shares have been getting a major boost in recent weeks as AI spending takes center stage, reported shortages are increasing CPU prices, and the company's data center business continues to boom. I remain bullish on AMD's prospects going into the next earnings report on May 5th and into the second half of 2026. Data by YCharts In...
denisik11/iStock via Getty Images Advanced Micro Devices, Inc. ( AMD ) shares have been getting a major boost in recent weeks as AI spending takes center stage, reported shortages are increasing CPU prices, and the company's data center business continues to boom. I remain bullish on AMD's prospects going into the next earnings report on May 5th and into the second half of 2026. Data by YCharts In my last piece on AMD back in February, titled " $300 Appears Imminent; Why I'm Buying More ," I highlighted the company's strong operating results in the data center and argued valuation multiple convergence would lift the stock to all-time highs in short order. Less than two months since that call, shares are already up 40% and are closing in on my target. That article can be read here . So what caused the sudden momentum shift? There are probably a few factors at play: the easing of tensions in the Iran war led equities to all-time highs, CPUs appear to be facing a supply shortage, and AI infrastructure stocks have been surging in general as massive capex comes to fruition. Whatever the exact catalysts, I think this has been a long time coming— AMD has been executing on its roadmap and delivering on its promises to narrow the gap with the top of the compute food chain. It was only a matter of time, in my opinion, before the stock price began to reflect that reality. In recent weeks, AMD has undeniably been getting a boost, along with Intel ( INTC ), from reports that the AI boom is causing a shortage in processors, which could lead to a 15% increase in price for general purpose server CPUs in 2026. If this sounds familiar, that might be because the exact same thing is playing out in the memory market as prices are soaring in what many are dubbing the "RAMpocalypse." In response, the stock of DRAM and NAND manufacturer Micron ( MU ) is up 570% over the last 12 months. Is this a glimpse into AMD's future? On the one hand, a Digitimes report recently claimed that the CPU sh...
微软 周二宣布下调Xbox Game Pass订阅服务价格，同时确认未来《使命召唤》系列新作将不再于发售首日加入该服务。这是新任游戏业务负责人执掌以来的首次重大战略调整。 价格下调即日生效 根据微软发布的公告，Xbox Game Pass Ultimate月费从此前的29.99美元下调至22.99美元，降幅约23%；PC Game Pass月费从16.49美元下调至13.99美元。这两项调整即日起...
微软 周二宣布下调Xbox Game Pass订阅服务价格，同时确认未来《使命召唤》系列新作将不再于发售首日加入该服务。这是新任游戏业务负责人执掌以来的首次重大战略调整。 价格下调即日生效 根据微软发布的公告，Xbox Game Pass Ultimate月费从此前的29.99美元下调至22.99美元，降幅约23%；PC Game Pass月费从16.49美元下调至13.99美元。这两项调整即日起生效。现有用户将在4月22日之后看到新费率自动应用到账户上。 其余两个低价档位Game Pass Essential和Game Pass Premium维持原价不变，这两个档位本身不包含首发新游戏。 《使命召唤》不再首发入库 与此前的策略不同，微软确认从今年开始，《使命召唤》系列新作将不再于发售首日加入Game Pass Ultimate或PC Game Pass。新作将在发售后约一年才会被添加至服务库中。目前已在Game Pass库中的现有《使命召唤》游戏不受此影响。 相关方面在声明中表示：“Game Pass仍然是玩家发现游戏的好地方……我们将继续通过游戏库内容以及新作发售后约一年加入Ultimate服务的方式支持Game Pass。” 价格回调的背景 此次价格回调距离上次大幅涨价仅约半年。2025年10月，微软曾将Game Pass Ultimate价格上调50%至29.99美元每月，引发大量用户不满。 今年2月，长期担任Xbox负责人的高管退休，新任负责人接任微软游戏业务首席执行官。据媒体报道，新负责人在内部备忘录中坦承“Game Pass对太多玩家来说已经变得太贵了”，并表示需要“更好的价值等式”。 战略意义 分析人士指出，微软收购动视暴雪时，《使命召唤》首发入库被视为Game Pass的核心卖点之一。但据媒体报道，这一策略导致微软去年仅《使命召唤》一项就损失了超过3亿美元的销售收入。 此次调整实际上是微软在用户规模和盈利能力之间的重新平衡：通过降价吸引流失用户回归，同时将高成本的《使命召唤》移出首发阵容以保护销售收入。对于每年必玩《使命召唤》的用户来说，实际节省有限，年费节省84美元，但需额外支付70美元购买游戏。 责任编辑：张俊 SF065
Bet_Noire/iStock via Getty Images Itron ( ITRI ) down 2.9% in Tuesday's trading as Raymond James initiated coverage of the energy and water resource management services company with an Underperform rating, believing the business is moderating off what looks like "an unsustainably high amount of advanced metering deployments from 2024, and the duration and magnitude of the normalization period may ...
Bet_Noire/iStock via Getty Images Itron ( ITRI ) down 2.9% in Tuesday's trading as Raymond James initiated coverage of the energy and water resource management services company with an Underperform rating, believing the business is moderating off what looks like "an unsustainably high amount of advanced metering deployments from 2024, and the duration and magnitude of the normalization period may be underappreciated" by the market. Industry-wide Advanced Meter deployments in 2024 were ~30% elevated vs. estimates of "normal demand," which also seems to be reflected in abnormally high growth in endpoints under management in 2025, meaning volumes should subsequently normalize lower, Ray Jay analyst Bobby Zolper wrote. Market consensus assumes this volume normalization is short-lived, presumably because Itron ( ITRI ) has record backlogs, and the industry is lapping American Recovery and Reinvestment Act-driven replacements from ~15 years ago, the analyst said. However, messaging around project timing and changing customer behavior may not be immediately resolved, Zolper said: "As a result, the next up-cycle may be further away than expected, and as a result, re-accelerating off a much lower base of revenues." More on Itron Itron: Acquisitions Come At A Price Itron: Despite A Cheap Relative Valuation, Shares Don't Justify An Upgrade Now Itron: Staying Bullish On Q4 Beat And Strategic M&A
Never miss an episode. Follow The Big Take Asia podcast today. India wants to become a manufacturing powerhouse to rival China — but its reliance on the Chinese supply chain for things like batteries and semiconductors makes for a complex and exceedingly difficult puzzle to untangle. On today's Big Take Asia Podcast, host Oanh Ha and Bloomberg’s Alisha Sachdev on how corporate India is struggling ...
Never miss an episode. Follow The Big Take Asia podcast today. India wants to become a manufacturing powerhouse to rival China — but its reliance on the Chinese supply chain for things like batteries and semiconductors makes for a complex and exceedingly difficult puzzle to untangle. On today's Big Take Asia Podcast, host Oanh Ha and Bloomberg’s Alisha Sachdev on how corporate India is struggling to navigate this unique geopolitical landscape. Read more: China’s Control Over Tech Is Threatening India’s Manufacturing Dreams Further listening: Asia Is Bearing the Brunt of the Iran War Energy Crisis We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take Asia on Apple Podcasts , Spotify or wherever you get your podcasts Terminal clients: Click here { NSUB BIGTAKEPOD } to subscribe This episode was produced by: Yang Yang; Senior Producer: Naomi Shavin; Editors: Patrick Hirsch; Senior Editor: Elisabeth Ponsot. Deputy Executive Producer; Julia Weaver; Executive Producer: Nicole Beemsterboer; Sound Design/Engineer: Taka Yasuzawa and Alex Sugiura; Fact-checker: Eleanor Harrison-Dengate.