Attorneys for Salah Sarsour, a Palestinian-born US green card holder, say he was targeted for criticizing Israel Sign up for the Breaking News US email to get newsletter alerts in your inbox The president of Wisconsin ’s largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against I...
Attorneys for Salah Sarsour, a Palestinian-born US green card holder, say he was targeted for criticizing Israel Sign up for the Breaking News US email to get newsletter alerts in your inbox The president of Wisconsin ’s largest mosque was detained by federal immigration agents, drawing accusations from local officials and religious leaders that the arrest was motivated by his statements against Israel . Salah Sarsour, a Palestinian-born legal permanent resident of the United States, was taken into custody by nearly a dozen US Immigration and Customs Enforcement (ICE) agents on Monday in Milwaukee after he left his home, according to the Islamic Society of Milwaukee. Continue reading...
The Fidelity MSCI Consumer Staples Index ETF ( features a much lower fee and much larger assets under management (AUM) than the Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEMKT:RSPS ), but RSPS offers a higher yield and a more balanced approach to sector exposure. Both FSTA and RSPS track U.S. consumer staples stocks, but their strategies and portfolio compositions differ meaningfully. T...
The Fidelity MSCI Consumer Staples Index ETF ( features a much lower fee and much larger assets under management (AUM) than the Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEMKT:RSPS ), but RSPS offers a higher yield and a more balanced approach to sector exposure. Both FSTA and RSPS track U.S. consumer staples stocks, but their strategies and portfolio compositions differ meaningfully. This comparison unpacks their cost, performance, risk, and portfolio quirks to help investors decide which ETF may better suit their objectives. Continue reading
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Advisors Capital Management’s JoAnne Feeney, Center for International Policy Vice Chair Joe Cirincione, UBS’ Michael Lasser, Ethan Allen Interiors CEO Farooq Kathwari, Principal Asset Management’s George Maris, The Points Guy’...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Advisors Capital Management’s JoAnne Feeney, Center for International Policy Vice Chair Joe Cirincione, UBS’ Michael Lasser, Ethan Allen Interiors CEO Farooq Kathwari, Principal Asset Management’s George Maris, The Points Guy’s Becky Blaine, Complex CEO Aaron Levant, Pete & Gerry’s CEO Tom Flocco, & KPMG’s Diane Swonk. (Source: Bloomberg)
gorodenkoff/iStock via Getty Images MTU Aero Engines AG ( MTUAY , MTUAF ) has lost 17% of its value since my last report and that is definitely not the type of performance I am looking for in a strong buy rated name. I believe that MTU Aero Engines is still looking attractive for the long term, and the share price decline is more in sympathy with an industry that saw its valuation levels rise subs...
gorodenkoff/iStock via Getty Images MTU Aero Engines AG ( MTUAY , MTUAF ) has lost 17% of its value since my last report and that is definitely not the type of performance I am looking for in a strong buy rated name. I believe that MTU Aero Engines is still looking attractive for the long term, and the share price decline is more in sympathy with an industry that saw its valuation levels rise substantially rather than an immediate concern for MTU Aero Engine’s business. However, we also note that the company’s earnings presentation included one particular slide that captures a justified concern that investors may have. In this report, I discuss the company’s earnings for 2025, assess the guidance and update my price target. MTU Aero Engines Had A Good Year Despite GTF Pressures MTU Aero Engines For 2025, MTU had guided for revenues of €8.6-€8.8 billion against an initial guidance of €8.3-€8.5 billion. The company ended the year with €8.72 billion in sales marking 16% growth in sales. EBIT grew 29% to €1.35 billion with margins growing from 14% to 15.5%. The company had initially guided mid-teens growth and later upped that to mid-twenties. So, the nearly 30% growth is extremely strong. The company’s 2030 targets were 14.5%-15.5% and we see that MTU reached that years ahead of the planning. Net income increased 27% to €968 million while free cash flow more than doubled to €378 million despite €360 million in GTF related compensation to customers. The GTF engine issues are not caused by MTU, but as a risk-sharing partner on the program they are impacted by the issues. MTU Aero Engines saw its OEM (Original Equipment Manufacturer) sales increase 13.6% to €2.875 billion driven by 18% growth in OEM revenues to €2.26 billion while OEM military revenue remained flat at €614 billion. EBIT grew 43% to €873 million marking a margin improvement from 24.2% to 30.4%. The growth was driven by a favorable OEM mix. We do note that organic commercial OEM sales performance was strong...