Earnings Call Insights: Acuity Inc. (AYI) Q2 fiscal 2026 Management View CEO Neil Ashe said Acuity delivered a Q2 marked by “strong execution,” citing growth in net sales, expansion in adjusted operating profit and margin, and higher adjusted diluted EPS, while also emphasizing the company “generated strong cash flow and allocated capital effectively.” CEO Ashe framed the lighting backdrop as weak...
Earnings Call Insights: Acuity Inc. (AYI) Q2 fiscal 2026 Management View CEO Neil Ashe said Acuity delivered a Q2 marked by “strong execution,” citing growth in net sales, expansion in adjusted operating profit and margin, and higher adjusted diluted EPS, while also emphasizing the company “generated strong cash flow and allocated capital effectively.” CEO Ashe framed the lighting backdrop as weak, saying, “In Acuity Brands Lighting, we are managing our business aggressively in a soft lighting environment,” and added Acuity is “aligning our cost structure to current market dynamics.” CEO Ashe tied operational actions to productivity gains: “These efforts have expanded capacity in our manufacturing network and given us greater flexibility to evaluate our production costs. As a result, this quarter, we took certain actions, including targeted labor cost reductions.” CEO Ashe highlighted AIS momentum and product expansion, saying, “Acuity Intelligent Spaces, which continued to deliver strong sales and margin performance,” while noting Distech’s Eclypse platform and the release of “the Eclypse retrofit solution,” plus QSC’s expansion into smaller spaces with “the RoomSuite Modular System.” CFO Karen Holcom said, “For total Acuity, we generated net sales of $1.1 billion,” adding it was “$49 million or 5% above the prior year,” driven by AIS growth and “an additional month of QSC sales,” partially offset by ABL declines. Outlook Management updated ABL’s full-year sales view: “we now expect our full year ABL sales performance will be flat to down low single digits year-over-year” (Chairman, President & CEO Neil Ashe). In Q&A, CFO Holcom confirmed no change to AIS growth expectations and EPS guidance: “no change to AIS growth, still low to mid-teens, and no change in EPS as well.” Compared with last quarter’s messaging that “nothing changed” in guidance (Senior VP & CFO Karen Holcom, Q1), Q2 introduced a more cautious ABL sales range (Chairman, President & CEO Neil Ashe). F...
Wondering whether BYD's current share price really reflects what you are getting for your money? This article breaks down the numbers so you can judge how the stock stacks up on value. BYD shares last closed at HK$103.90, with returns of 1.2% over 7 days, 8.0% over 30 days, 5.2% year to date, a 15.9% decline over 1 year, 41.4% over 3 years and 80.9% over 5 years. Together, these figures give you a...
Wondering whether BYD's current share price really reflects what you are getting for your money? This article breaks down the numbers so you can judge how the stock stacks up on value. BYD shares last closed at HK$103.90, with returns of 1.2% over 7 days, 8.0% over 30 days, 5.2% year to date, a 15.9% decline over 1 year, 41.4% over 3 years and 80.9% over 5 years. Together, these figures give you a mixed picture of recent and longer term performance. Recent headlines around BYD have focused...
The S&P 500 Index ($SPX ) (SPY ) today is down -1.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.53%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is down -1.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.53%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...
The Fidelity MSCI Consumer Staples Index ETF ( NYSEMKT:FSTA ) stands out for its considerably lower fees, broader portfolio, and higher yield, while the Invesco Food & Beverage ETF ( NYSEMKT:PBJ ) has recently outperformed on total return. Both PBJ and FSTA target the U.S. consumer staples and food sector, but they take different approaches. PBJ focuses on food and beverage companies and rebalance...
The Fidelity MSCI Consumer Staples Index ETF ( NYSEMKT:FSTA ) stands out for its considerably lower fees, broader portfolio, and higher yield, while the Invesco Food & Beverage ETF ( NYSEMKT:PBJ ) has recently outperformed on total return. Both PBJ and FSTA target the U.S. consumer staples and food sector, but they take different approaches. PBJ focuses on food and beverage companies and rebalances quarterly. At the same time, FSTA tracks a broad index of consumer staples stocks, resulting in a much wider holdings list and greater exposure to household names. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
NASA's Artemis II crew is preparing for a translunar injection burn after reaching a stable orbit, the next phase of a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. Bloomberg's Ed Ludlow reports on "Bloomberg Tech." (Source: Bloomberg)
NASA's Artemis II crew is preparing for a translunar injection burn after reaching a stable orbit, the next phase of a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. Bloomberg's Ed Ludlow reports on "Bloomberg Tech." (Source: Bloomberg)
Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Hunker Down Famed short seller Carson Block is casting a wary eye at credit ETFs. In a Bloomberg Television interview with me this week, the Muddy Waters Capital founder doubled down on his view that credit spreads could widen as a result of artificial i...
Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Hunker Down Famed short seller Carson Block is casting a wary eye at credit ETFs. In a Bloomberg Television interview with me this week, the Muddy Waters Capital founder doubled down on his view that credit spreads could widen as a result of artificial intelligence-led job losses. To hedge such a scenario, Block said his firm is placing bearish options bets on LQD and HYG, BlackRock’s investment-grade and high-yield corporate bond ETFs. It’s a bet on the direction of travel, but also the interaction between the ETFs themselves and the fixed-income securities that they hold. Specifically, in a moment of real market stress, Block says that investors will be offloading the ETFs much faster than the underlying bonds can actually trade: Part of the issue that those ETFs will have is that the underlying can become almost completely illiquid in a real displacement type scenario. So you’ll have the (authorized participants) that make the market for the ETF probably step back, so people will be redeeming the ETFs, but can’t get liquidity in the underlying. Block is describing a dynamic similar to the height of the pandemic-fueled volatility in 2020, which saw some of the biggest bond ETFs trade at enormous discounts to their net-asset value given that cash bond markets virtually froze. In Block’s doomsday scenario, though, the potential dislocations will be much more dramatic, as the jobs that will be displaced by AI won’t be coming back: This will be a good deal more profound. So at least for a moment in time, I think there will be a mismatch between the liquidity of the ETFs and the liquidity of the underlying. So if you’re short the ETF at that point, and time it right, you get some extra juice on the downside. Kill Your Darlings ETF issuers are culling new products at the fastest pace in years as the competition for investor mo...
Just before the start of fighting in the Middle East, mortgage rates had dropped to their lowest level since 2022, with the 30-year rate at 5.98% on Feb. 26, Freddie Mac data show.
Just before the start of fighting in the Middle East, mortgage rates had dropped to their lowest level since 2022, with the 30-year rate at 5.98% on Feb. 26, Freddie Mac data show.
Dozens of videos have gone viral on TikTok and Instagram showing harassment of Palestinians and activists TikTok has removed an account belonging to an ultranationalist, pro-settlement Israeli influencer for breaching hate speech and bullying rules after the Guardian flagged videos showing him harassing activists in the occupied West Bank. The Guardian has reviewed dozens of videos posted by vario...
Dozens of videos have gone viral on TikTok and Instagram showing harassment of Palestinians and activists TikTok has removed an account belonging to an ultranationalist, pro-settlement Israeli influencer for breaching hate speech and bullying rules after the Guardian flagged videos showing him harassing activists in the occupied West Bank. The Guardian has reviewed dozens of videos posted by various social media figures that have gone viral on TikTok and Instagram documenting the harassment of Palestinians as well as physical attacks on Israeli and international activists. Continue reading...
HT Ganzo/iStock via Getty Images The Elmet Group Is Growing Moderately, Investing In Capacity The Elmet Group Co. ( ELMT ) has filed to raise what may reach $115 million in gross proceeds in an IPO, according to an S-1 registration statement . The company provides a range of critical materials and microwave products primarily for aerospace and defense applications. ELMT has produced moderate top-l...
HT Ganzo/iStock via Getty Images The Elmet Group Is Growing Moderately, Investing In Capacity The Elmet Group Co. ( ELMT ) has filed to raise what may reach $115 million in gross proceeds in an IPO, according to an S-1 registration statement . The company provides a range of critical materials and microwave products primarily for aerospace and defense applications. ELMT has produced moderate top-line growth and has been investing its operating cash flow in capital improvements to increase capacity; the IPO’s proceeds will be used for deleveraging the balance sheet. If the IPO is fairly priced and overall stock market volatility is contained, institutional demand should be reasonably strong. What Does Elmet Group Do? Elmet Group provides engineered components and high-energy systems for a variety of industries, such as aerospace, defense, government, industrial, semiconductor, electronics, energy and medical industries. The company is organized under two operating segments, Critical Materials Components [CMC] and Engineered Microwave Products [EMP]. The pie charts below show the revenue contribution for the CMC and EMP segments, and by region, for calendar year 2025: SEC Its CMC segment primarily produces tungsten and molybdenum products via its U.S.-based manufacturing facilities. These products support numerous critical components involved in U.S. high-performance military and defense equipment. The firm’s Chairman and CEO since its founding is Peter V. Anania, who is also President of precursor firm Anania & Associates and has been a founder, President or CEO of more than 20 manufacturing companies. (Source - SEC.) Elmet has received approximately $1.5 million in fair market value equity investment to-date from various investors, including Mr. Anania, and had outstanding debt of $53.5 million as of the end of 2025. What Are Elmet’s Markets? Elmet operates in multiple markets, including critical materials and engineered high-power microwave products. The global tun...
Palantir stock has been one of the market’s biggest winners, rising over 500% in the past 5 years and 73% in the past 12 months alone. But the stock is now down 13% so far in 2026. Against that backdrop, UBS is making a bold call on Palantir, doubling down on the company’s upside even after its ...
Palantir stock has been one of the market’s biggest winners, rising over 500% in the past 5 years and 73% in the past 12 months alone. But the stock is now down 13% so far in 2026. Against that backdrop, UBS is making a bold call on Palantir, doubling down on the company’s upside even after its ...
The dollar index (DXY00 ) today is up by +0.43%. Today's sharp drop in equity markets has boosted liquidity demand for the dollar. Also, Wednesday night's comments from President Trump that the Iran war could escalate have boosted demand for the dollar as a safe-haven. The dollar added to its...
The dollar index (DXY00 ) today is up by +0.43%. Today's sharp drop in equity markets has boosted liquidity demand for the dollar. Also, Wednesday night's comments from President Trump that the Iran war could escalate have boosted demand for the dollar as a safe-haven. The dollar added to its...
Surf’s main idea is about feeds. Everything is feeds. | Image: Flipboard Surf is a slightly hard app to explain. It's sort of three things: a client for fediverse apps like Bluesky and Mastodon; a feed reader that lets you subscribe to almost any website, podcast, or YouTube channel; and a tool for creating and following feeds of interesting content, a la Flipboard magazines. It's a browser for th...
Surf’s main idea is about feeds. Everything is feeds. | Image: Flipboard Surf is a slightly hard app to explain. It's sort of three things: a client for fediverse apps like Bluesky and Mastodon; a feed reader that lets you subscribe to almost any website, podcast, or YouTube channel; and a tool for creating and following feeds of interesting content, a la Flipboard magazines. It's a browser for the fediverse, or for the open social web, if either of those phrases means anything to you. It's also one of the most compelling ideas you'll find about the future of the internet. After well over a year in beta , Surf is officially launching on Thursday. Right now, the only public experience is on the web (there are mobi … Read the full story at The Verge.