Women's sports are going through a golden era of rapid growth in the U.S., with rising fan interest in women's professional basketball, women's soccer, and more. Most investors might expect that bigger audiences for women's sports will be good news for athletic apparel stocks like Nike (NYSE: NKE) . After all, Nike signed WNBA star Caitlin Clark to a record-breaking signature shoe deal in April 20...
Women's sports are going through a golden era of rapid growth in the U.S., with rising fan interest in women's professional basketball, women's soccer, and more. Most investors might expect that bigger audiences for women's sports will be good news for athletic apparel stocks like Nike (NYSE: NKE) . After all, Nike signed WNBA star Caitlin Clark to a record-breaking signature shoe deal in April 2024. But although the rise of women's sports is great news for sports fans, it might not be good news for NKE shareholders. The company's stock has lost more than 50% of its value in the past two years since Caitlin Clark's shoe deal was announced. It's not Clark's fault -- NKE shares are down 68% in the past five years. Let's look at a few big reasons why rapid growth in women's sports won't be enough to come to the rescue for Nike investors. Continue reading
Pope Leo XIV is heading to the central African nation of Cameroon with a message of peace for its separatist region and for talks with President Paul Biya. (Image credit: Andrew Medichini)
Pope Leo XIV is heading to the central African nation of Cameroon with a message of peace for its separatist region and for talks with President Paul Biya. (Image credit: Andrew Medichini)
Michael Vi/iStock Editorial via Getty Images Chip equipment maker ASML ( ASML ) raised its full-year sales forecast, driven by AI infrastructure investments fueling semiconductor production that has boosted demand for its chipmaking machines. Shares of ASML rose about 0.3% premarket on Wednesday. Key Metrics ASML — which makes extreme ultraviolet lithography, or EUV, and Deep Ultraviolet, or DUV, ...
Michael Vi/iStock Editorial via Getty Images Chip equipment maker ASML ( ASML ) raised its full-year sales forecast, driven by AI infrastructure investments fueling semiconductor production that has boosted demand for its chipmaking machines. Shares of ASML rose about 0.3% premarket on Wednesday. Key Metrics ASML — which makes extreme ultraviolet lithography, or EUV, and Deep Ultraviolet, or DUV, lithography system — saw first-quarter net sales increase about 13.3% year-over-year to €8.77B, beating estimates. "The semiconductor industry's growth outlook continues to solidify, driven by ongoing AI-related infrastructure investments. Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond, supported by long-term agreements with their customers. In the past months, our customers have increased their expected short- and medium-term demand for our products. ASML's order intake continues to be very strong as a result, and we are closely aligned with our customers to support their demand in a combination of delivery of new systems and performance upgrades of their installed base," said ASML's CEO Christophe Fouquet. ASML noted last year that it would stop reporting order bookings after 2025, a key indicator of customer demand. The company said then that on an annual basis it will provide the total backlog. Addressing ASML's ability to keep up with demand, CFO Roger Dassen sai d the company should be able to ship at least 60 systems for Low NA EUV in 2026. Dassen added that the company can get to at least 80 Low NA EUV units in 2027. Fouquet noted that there is a lot of demand for advanced Memory and advanced Logic driven by investments in AI infrastructure. "We expect in fact that the supply will not meet the demand for theforeseeable future. So, this is creating a strong constraint in the end markets from AI to mobile andPC," said Fouquet. He added that "if we look at Memory, what our customers t...
Financial markets are unusually poised as investors wait to see what happens with a possible second round of talks between the US and Iran. Oil and major currencies were little changed along with S&P 500 futures, while Asian equity markets were broadly higher after overnight gains on Wall Street. The past weeks have seen markets pitch wildly as traders sought to discern the truth behind claims and...
Financial markets are unusually poised as investors wait to see what happens with a possible second round of talks between the US and Iran. Oil and major currencies were little changed along with S&P 500 futures, while Asian equity markets were broadly higher after overnight gains on Wall Street. The past weeks have seen markets pitch wildly as traders sought to discern the truth behind claims and counter claims, as well as calculate the impact of the continued suppression of oil exports from the Middle East. Right now, optimists outweigh pessimists, with stock benchmarks in the US and China recouping all their losses since the conflict began at the end of February. Although the outcome of any negotiations is unclear, and the effectiveness of the US blockade has yet to be evaluated, investors are betting that Donald Trump is keener to seek an end to the war than renew it. That means doomsday scenarios may be avoided, and potentially crude shipments could increase from their low levels. Peace talks with the Islamic Republic might restart “over the next two days,” the New York Post cited the president as saying. In a separate interview with ABC News, he said extending a two-week ceasefire that was clinched last week after nearly six weeks of fighting may not be necessary, hinting at significant near-term progress without elaborating. “I think you’re going to be watching an amazing two days ahead,” Trump told ABC. “I really do.” In a Fox Business interview, he said he sees the war as “close to over.” Considerable uncertainty remains, which is why markets appear to be at an equilibrium. Will the war headlines subside, allowing investors to return to betting on AI, or will further shocks undermine the new-found sense of calm? Keep track of the twists and turns — and the global fallout — of the war with Iran here . What You Need to Know Today Chinese President Xi Jinping pledged deeper coordination with Russia when he met with visiting Russian Foreign Minister Sergei Lavr...
Investing.com -- Broadcom shares rose about 3% in premarket trading Wednesday after the chipmaker announced an expanded multi-year partnership with Meta to design and supply several generations of custom AI processors, extending the tie-up through at least 2029.
Investing.com -- Broadcom shares rose about 3% in premarket trading Wednesday after the chipmaker announced an expanded multi-year partnership with Meta to design and supply several generations of custom AI processors, extending the tie-up through at least 2029.
(RTTNews) - European stocks struggled for direction on Wednesday as investors weighed mixed earnings results and braced for a new round of in-person talks between the United States and Iran expected to be held as early as this weekend.
(RTTNews) - European stocks struggled for direction on Wednesday as investors weighed mixed earnings results and braced for a new round of in-person talks between the United States and Iran expected to be held as early as this weekend.