HCL Technologies Ltd. , Wipro Ltd. and Tech Mahindra Ltd. are set to report earnings as their investor base increasingly questions the value of traditional IT services in the age of artificial intelligence. The sector is weighed down by macroeconomic uncertainty, exacerbated by the Middle East conflict, and the disruptive impact of AI adoption. The twin pressures have weighed on sentiment, driving...
HCL Technologies Ltd. , Wipro Ltd. and Tech Mahindra Ltd. are set to report earnings as their investor base increasingly questions the value of traditional IT services in the age of artificial intelligence. The sector is weighed down by macroeconomic uncertainty, exacerbated by the Middle East conflict, and the disruptive impact of AI adoption. The twin pressures have weighed on sentiment, driving down shares this year. Negative sentiment toward the sector deepened after US-listed peer Accenture Plc forecast slower-than-expected quarterly revenue, reinforcing concerns over weakening demand and sending the NSE IT Index even lower . On Thursday, Tata Consultancy Services Ltd. met net income expectations, helped by cost-cutting efforts that helped it weather a slowdown in the core IT business. “Our recent interactions suggest that pressures on IT services budgets persist, which is driving pressures on discretionary IT spending,” Jefferies wrote in a note. Earnings at Taiwan Semiconductor Manufacturing Co. will serve as a key reality check for Taiwan’s stock market, which remains in the grip of the AI boom. Highlights to look out for: Saturday: Avenue Supermarts ( DMART IN ) is on track to post its highest net income on record, estimates show. The company’s same-store sales growth and store expansion plans for 2027 will be key, after an accelerated expansion in the previous financial year, Citi said. Monday: HCL Technologies’ ( HCLT IN ) quarterly revenue is expected to have risen 13%. Margins may have improved on rupee depreciation and cost-saving measures, according to Elara Securities. The company is expected to maintain its full-year growth guidance in constant-currency terms of 1% to 4%. Tuesday-Wednesday: No notable earnings. Thursday: TSMC’s ( 2330 TT ) second-quarter net income is set to grow 56% and hit another record high. Watch for third quarter guidance and margin outlook in the second half as US fab costs build, said BI. JPMorgan expects the semiconductor g...
Wildfire comes as Spain suffers a heatwave, with scorching temperatures triggering orange weather warnings Twelve people were reported killed in a wildfire in Almeria in southern Spain , as about 150 firefighters battled the blaze which broke out amid soaring temperatures. “The number of people who died in the fire in Los Gallardos has risen to 12 after the confirmation of six more deaths,” the re...
Wildfire comes as Spain suffers a heatwave, with scorching temperatures triggering orange weather warnings Twelve people were reported killed in a wildfire in Almeria in southern Spain , as about 150 firefighters battled the blaze which broke out amid soaring temperatures. “The number of people who died in the fire in Los Gallardos has risen to 12 after the confirmation of six more deaths,” the regional government of Andalusia said in a statement. Continue reading...
VIJ/iStock via Getty Images Group 1 Automotive, Inc. ( GPI ) is gradually transitioning into a Parts & Service company using car sales as a funnel to attract customers to maintenance workshops. This shift is driven by explosive growth in maintenance and parts margins. Although this segment represents only 13% of the company's revenue, it generated 46% of its total gross profit, with a profit margi...
VIJ/iStock via Getty Images Group 1 Automotive, Inc. ( GPI ) is gradually transitioning into a Parts & Service company using car sales as a funnel to attract customers to maintenance workshops. This shift is driven by explosive growth in maintenance and parts margins. Although this segment represents only 13% of the company's revenue, it generated 46% of its total gross profit, with a profit margin of 56.8%. The company covers 95% of its fixed costs through this segment alone, providing immunity against sales downturns. In addition, GPI owns 72% of its dealership locations, with a total real estate value of $2.7 billion. This ownership reduces the risk of rent inflation and provides the company with financial flexibility that many competitors lack. However, I assign the stock a Hold rating with a potential valuation of $346 per share, waiting for better entries. (GPI) Q1 2026 Presentation Financial Review When looking deeper at Q1 revenue of $5.407 billion , which declined 1.8% YoY and adjusted diluted EPS of $8.66, we find that there are positive factors that are stronger than the apparent figures suggest. The new vehicle revenues declined by 4.4%. However, the company managed to increase its gross profit per unit sequentially to $3,313, as it maintained this metric above the $3,250 mark for the third quarter, which demonstrates GPI's pricing power and its flexibility in managing inventory. In the used-car segment, revenue rose slightly to $1.77 billion, but gross profit per unit contracted by 3% due to challenges in sourcing low-cost inventory, as weak new-car sales led to a decline in trade-ins. However, management is offsetting this pressure by relying on auctions for only 11% of its inventory, preferring organic sources to ensure inventory quality. In the same vein, the UK market showed surprising resilience, as the used cars in the same store volume increased by 5%, reflecting efficiency in inventory turnover. After-Sales Services (Parts & Services) This segme...
Lean hog futures were mixed at the final bell on Thursday, with contracts down $1.50 in August to as much as 30 cents higher in the deferreds. USDA’s national base hog price was reported at $97.05 on Thursday afternoon, down 74 cents from the day prior. The CME Lean Hog...
Lean hog futures were mixed at the final bell on Thursday, with contracts down $1.50 in August to as much as 30 cents higher in the deferreds. USDA’s national base hog price was reported at $97.05 on Thursday afternoon, down 74 cents from the day prior. The CME Lean Hog...
Live cattle futures were falling on Thursday, with contracts down $1.80 to $2.47 at the close. Cash trade kicked off on Thursday at $247-248 across the country, a $7-8 drop from last week. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,356 head, with bids at...
Live cattle futures were falling on Thursday, with contracts down $1.80 to $2.47 at the close. Cash trade kicked off on Thursday at $247-248 across the country, a $7-8 drop from last week. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,356 head, with bids at...
Corn futures closed the Thursday session with contracts 2 to 4 ¼ cents lower, as nearby July was down 7 cents. The CmdtyView national average Cash Corn price was 3 1/4 cents lower at $4.01 3/4. USDA’s Export Sales report from this morning showed a total of 565,810 MT of...
Corn futures closed the Thursday session with contracts 2 to 4 ¼ cents lower, as nearby July was down 7 cents. The CmdtyView national average Cash Corn price was 3 1/4 cents lower at $4.01 3/4. USDA’s Export Sales report from this morning showed a total of 565,810 MT of...
The wheat complex led the grain complex higher on Thursday, holding with gains across the three exchanges. Chicago SRW contracts posted gains of 4 ¾ to 12 cents on the day. KC HRW futures saw higher trade at the close, with contracts up 6 ½ to 9 cents. MPLS spring...
The wheat complex led the grain complex higher on Thursday, holding with gains across the three exchanges. Chicago SRW contracts posted gains of 4 ¾ to 12 cents on the day. KC HRW futures saw higher trade at the close, with contracts up 6 ½ to 9 cents. MPLS spring...
Cotton futures were down 4 to 24 points across the board at the Thursday close. Crude oil corrected back lower on Thursday despite back and forth strikes between the US and Iran overnight, down $1.71 at the close. The US dollar index was down $0.034. Export Sales data showed 66,422...
Cotton futures were down 4 to 24 points across the board at the Thursday close. Crude oil corrected back lower on Thursday despite back and forth strikes between the US and Iran overnight, down $1.71 at the close. The US dollar index was down $0.034. Export Sales data showed 66,422...
Soybeans were down 10 to 15 ¼ cents in the front months, with other contracts fractionallt to 8 cents lower. The cmdtyView national average Cash Bean price was down 14 1/2 cents at $11.31. Soymeal futures were $3.70 to $5.10 higher across most contracts, with Soy Oil futures 90 to...
Soybeans were down 10 to 15 ¼ cents in the front months, with other contracts fractionallt to 8 cents lower. The cmdtyView national average Cash Bean price was down 14 1/2 cents at $11.31. Soymeal futures were $3.70 to $5.10 higher across most contracts, with Soy Oil futures 90 to...