wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) is facing headwinds in the web design market due in part to the rise of artificial intelligence tools, according to RBC Capital Markets. On Monday morning, the Israel-based tech firm lowered its top-line guidance to low teens from mid-teens growth for FY26 with a $50M reduction to bookings and a $25M decline to revenue. This followed the...
wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) is facing headwinds in the web design market due in part to the rise of artificial intelligence tools, according to RBC Capital Markets. On Monday morning, the Israel-based tech firm lowered its top-line guidance to low teens from mid-teens growth for FY26 with a $50M reduction to bookings and a $25M decline to revenue. This followed the company's 20% reduction to its workforce that was reported late last month. RBC reduced its price target on the stock to $45 from $60 but retained its Sector Perform rating. "Continued/incremental weakness to the Partner's business was cited as the culprit (which was the issue on this more recent print)," said RBC analysts, led by Braqad Erickson, in a Tuesday investor note. "The company reiterated its FCF margin outlook of high-teens, which seems a function of the 20% headcount reduction that was announced 11 days ago, and slightly raised its more pointed FCF outlook to ~$420M vs. the prior outlook of ~$400M. The RIF drives $70M of cost savings for FY26 and $150M annualized." Shares of the stock have crashed 53% year to date. This drop was highlighted by a massive decline following its first-quarter fiscal 2026 financial results in mid-May that fell short of market expectations. "The stock now trades at 4.4x the Street's '27 FCF estimate, which is 18% above our estimate," Erickson said. "While management's clearly committed to maintaining the FCF margins in light of the headcount reduction ($150M run-rate savings), we struggle to see a path to stabilization given the cross currents & competitive landscape. New partner products gaining traction and/or visible Base44 acceleration would be the biggest signals to become more constructive; however, we're in wait and see mode on that." RBC slightly lowered its full fiscal 2026 revenue estimate on Wix.com to $2.244B from $2.269B and its fiscal 2027 estimate to $2.441B from $2.571B. More on Wix.com Wix After Layoffs And Buyback: ...
Retail investors are rotating out of semiconductor stocks and into higher-beta speculative names, according to recent retail flow data from Vanda Research. The shift comes after months of strong retail buying in semiconductor companies and may reflect investors raising liquidity ahead of anticipated high-profile IPOs such as SpaceX. Vanda Research said retail activity during the latest trading ses...
Retail investors are rotating out of semiconductor stocks and into higher-beta speculative names, according to recent retail flow data from Vanda Research. The shift comes after months of strong retail buying in semiconductor companies and may reflect investors raising liquidity ahead of anticipated high-profile IPOs such as SpaceX. Vanda Research said retail activity during the latest trading session was notably weak, with net selling across single stocks reaching its largest level since November 2023. The selling pressure was concentrated heavily in semiconductor names, particularly Micron Technology ( MU ) and Sandisk Corporation ( SNDK ), marking a sharp reversal in sentiment after sustained retail inflows into the sector in recent months. At the same time, capital has rotated into a select group of speculative and high-volatility stocks. Vanda identified abnormal buying activity in names including Sleep Number Corporation ( SNBR ), NANO Nuclear Energy Inc. ( NNE ), and Patterson-UTI Energy, Inc. ( PTEN ). Broadcom Inc. ( AVGO ) and Marvell Technology ( MRVL ) have also continued attracting strong retail demand, bucking the broader trend of semiconductor-related selling. Among the stocks seeing elevated retail attention, Patterson-UTI Energy carries one of the highest Seeking Alpha Quant Ratings at 3.47, followed closely by Adeia Inc. ( ADEA ) and Broadcom, both at 3.46. USA Rare Earth, Inc. ( USAR ) and United Therapeutics Corporation ( UTHR ) also rank relatively higher within the speculative basket. Vanda suggested one explanation for the weaker-than-expected post-tax-season retail activity could be investors preparing for potential blockbuster IPOs. If companies such as SpaceX, OpenAI, and Anthropic are viewed by retail traders as higher-conviction opportunities, investors may continue selling recent market favorites and AI-related proxy trades to free up capital ahead of those offerings. Seeking Alpha’s Quant Ratings system evaluates stocks across valuation...
There’s no need for Wall Street to worry about the artificial-intelligence trade fizzling out, judging by the stocks rising on Tuesday. Adding to investors’ AI fervor, OpenAI late Monday reported it has confidentially filed for an initial public offering one week after competitor Anthropic announced it planned to go to market. Micron Technology added 2% to $968.53.
There’s no need for Wall Street to worry about the artificial-intelligence trade fizzling out, judging by the stocks rising on Tuesday. Adding to investors’ AI fervor, OpenAI late Monday reported it has confidentially filed for an initial public offering one week after competitor Anthropic announced it planned to go to market. Micron Technology added 2% to $968.53.
Luis Alvarez U.S. wholesale inventories increased 0.6% M/M to $940.3B in April and were revised from the advance estimate of +0.5%, according to data released by the U.S. Census Bureau on Tuesday. That slowed from the 1.5% M/M increase in March (revised from +1.3%). On a year-over-year basis, inventories rose 3.6% vs. +2.9% in the prior month. Sales of merchant wholesalers, except manufacturers' s...
Luis Alvarez U.S. wholesale inventories increased 0.6% M/M to $940.3B in April and were revised from the advance estimate of +0.5%, according to data released by the U.S. Census Bureau on Tuesday. That slowed from the 1.5% M/M increase in March (revised from +1.3%). On a year-over-year basis, inventories rose 3.6% vs. +2.9% in the prior month. Sales of merchant wholesalers, except manufacturers' sales branches and offices, increased 2.0% to $789.1B vs. +3.0% in March (revised from +2.8%). That represents Y/Y growth of 13.3% vs. 10.9% in March. April's inventories/sales ratio was 1.19 vs. 1.21 in March and 1.30 in April 2025, the Census Bureau said. More on the US Economy May 2026 Employment Report - Strong, Strong Jobs Monthly Macro Monitor: Nothing To See Here U.S. international trade in goods and services deficit narrows less than expected in April Short-term inflation expectations moderate in NY Fed survey
JasonDoiy Roblox Corporation ( RBLX ) shot up in early trading after Russian news site IFX reported that the Russian government is considering lifting restrictions on the gaming company's content in the nation. Since last December, access to Roblox ( RBLX ) is blocked through local Internet connections. Before the ban, Roblox ( RBLX ) was widely used in Russia and remained popular there for years....
JasonDoiy Roblox Corporation ( RBLX ) shot up in early trading after Russian news site IFX reported that the Russian government is considering lifting restrictions on the gaming company's content in the nation. Since last December, access to Roblox ( RBLX ) is blocked through local Internet connections. Before the ban, Roblox ( RBLX ) was widely used in Russia and remained popular there for years. Roblox ( RBLX ) has also said it complies with local laws and has discussed content-moderation changes with Russian authorities. Shares of Roblox ( RBLX ) shot up 5.0% in Tuesday morning trading to cut into the steep +40% year-to-date decline. More on Roblox Roblox Corporation (RBLX) Shareholder/Analyst Call Prepared Remarks Transcript Roblox: The Red Flags That You Shouldn't Have Missed Roblox: The Scarce Entertainment Asset In An AI-Abundant World Stocks to watch on Tuesday after hours: RBLX, KEYS, CAVA Roblox surges after announcing inaugural share repurchase program
FEATURE SpaceX’s Starlink is, well, miles above its competition. That doesn’t mean competitors have given up. Jeff Bezos appears set on taking a slice of Elon Musk’s space pie. Amazon.com has selected Kenya to host its inaugural satellite ground station in Africa, according to reports.
FEATURE SpaceX’s Starlink is, well, miles above its competition. That doesn’t mean competitors have given up. Jeff Bezos appears set on taking a slice of Elon Musk’s space pie. Amazon.com has selected Kenya to host its inaugural satellite ground station in Africa, according to reports.
John_Wijsman/iStock via Getty Images U.S. existing home sales increased 3.2% month-over-month to 4.17M in May, vs. 4.08M consensus and 4.04M in the prior month (revised from 4.02M), according to data released by the National Association of Realtors on Tuesday. Year-over-year, growth remained the same. By region, sales increased in the Northeast, Midwest, and South, and were unchanged in the West m...
John_Wijsman/iStock via Getty Images U.S. existing home sales increased 3.2% month-over-month to 4.17M in May, vs. 4.08M consensus and 4.04M in the prior month (revised from 4.02M), according to data released by the National Association of Realtors on Tuesday. Year-over-year, growth remained the same. By region, sales increased in the Northeast, Midwest, and South, and were unchanged in the West month-over-month. Year-over-year, an increase was seen in the Midwest, South, and West, and a fall in the Northeast. "More Americans are on the move, with home sales rising to the highest level since December," said NAR Chief Economist Lawrence Yun. "Improving affordability is helping drive this momentum. Even with mortgage rates ticking up compared to earlier in the year, they remain lower than a year ago and are essentially at the long-term historical average," said Yun. "Income gains are also outpacing home price growth by a small margin in most parts of the country," added the economist. Housing inventory rose 3.3% from April and 0.6% from May 2025 to 1.55M units. Median existing-home price for all housing types stood at $429,300, a 1.3% increase from one year ago. The increase was the 35th consecutive month of year-over-year price rise. The Housing Affordability Index registered at 105.6, up from 97.5 a year ago. More on Housing Champion Homes, Cavco rated Buy at UBS on demand for affordable housing Mortgage rates fall on prospect of easing energy prices; home delistings hit six-year high
New dangerous dogs law after spate of attacks in England and Wales could fine people or have their pet seized A new crackdown on XL bullies and other dangerous dogs will make it illegal to leave children under 12 alone with them in England and Wales. There has been a spate of attacks on children by dogs from certain dangerous breeds, including one on a 10-year-old girl who died last year after bei...
New dangerous dogs law after spate of attacks in England and Wales could fine people or have their pet seized A new crackdown on XL bullies and other dangerous dogs will make it illegal to leave children under 12 alone with them in England and Wales. There has been a spate of attacks on children by dogs from certain dangerous breeds, including one on a 10-year-old girl who died last year after being attacked by the family pet, an XL bully. A nine-month-old baby was also mauled to death last year by a dog of that breed. Continue reading...