CHUYN/iStock via Getty Images Analysts at Goldman Sachs on Thursday downgraded shares of infrastructure and construction company Granite Construction ( GVA ) to Sell from Neutral, saying much of its operational transformation and favorable industry tailwinds are already reflected in the stock price. The firm assigned a $139 price target, suggesting modest downside from current levels and making Gr...
CHUYN/iStock via Getty Images Analysts at Goldman Sachs on Thursday downgraded shares of infrastructure and construction company Granite Construction ( GVA ) to Sell from Neutral, saying much of its operational transformation and favorable industry tailwinds are already reflected in the stock price. The firm assigned a $139 price target, suggesting modest downside from current levels and making Granite ( GVA ) one of the less attractive opportunities within its engineering and construction coverage universe. The downgrade comes despite widespread praise for Granite's execution over the past several years. Once viewed as a company burdened by riskier project exposure, Granite has reshaped its business through acquisitions, investments in higher-margin operations and a deliberate effort to reduce exposure to large design-build megaprojects that historically carried greater execution risk. A key element of that strategy has been expanding the company's vertically integrated materials business, which generally generates stronger margins than traditional construction contracting work. Analysts said those investments have helped improve profitability and create a more resilient operating model. The turnaround has been difficult for investors to miss. Granite shares have climbed roughly 268% over the past five years, significantly outperforming many peers in the construction sector. During that same period, estimates for next-12-month earnings before interest, taxes, depreciation and amortization have increased by approximately 186%, reflecting both stronger fundamentals and improving investor confidence. Different environment ahead The concern now is less about Granite's ( GVA ) execution and more about the environment it faces going forward. The company benefited from one of the strongest periods of public infrastructure spending in recent history, fueled by federal funding programs and elevated government investment in transportation and public works projects. That back...
(RTTNews) - On Thursday, Teva Pharmaceutical Industries Ltd. (TEVA) and Samsung Bioepis Co., Ltd., a unit of Samsung Epis Holdings Co. Ltd. (0126Z0.KS), announced that they have entered into a license and commercialization agreement for OPUVIZ in Canada.
(RTTNews) - On Thursday, Teva Pharmaceutical Industries Ltd. (TEVA) and Samsung Bioepis Co., Ltd., a unit of Samsung Epis Holdings Co. Ltd. (0126Z0.KS), announced that they have entered into a license and commercialization agreement for OPUVIZ in Canada.
Nigeria’s $22 billion pension industry is studying plans to launch a fund later this year to help Africa’s most populous nation upgrade its frayed infrastructure. “We are encouraging the setting up of a vehicle, kind of special purpose vehicle, where resources can be pooled, so that viable infrastructure projects can be looked at,” National Pension Commission spokesman Ibrahim Buwai said. Nigeria ...
Nigeria’s $22 billion pension industry is studying plans to launch a fund later this year to help Africa’s most populous nation upgrade its frayed infrastructure. “We are encouraging the setting up of a vehicle, kind of special purpose vehicle, where resources can be pooled, so that viable infrastructure projects can be looked at,” National Pension Commission spokesman Ibrahim Buwai said. Nigeria is actively seeking investors to help modernize its road and rail networks, as well as energy and healthcare systems. Last year the commission also expanded the scope of permissible retirement investments to include private equity and infrastructure funds. The proposed fund will aim for investments that generate above-inflation returns while also fostering development, Buwai said. He added that the decision to invest will be made by individual pension companies and the eventual size of the fund has not yet been finalized. Pension industry investments in infrastructure funds increased 38% as of May to 318 billion naira ($230 million) from a year earlier, according to data on the National Pension Commission’s website.
NNehring The U.S. auto safety regulator could remove requirements that fully autonomous vehicles have steering wheels. National Highway Traffic Safety Administration (NHTSA) Administrator Jonathan Morrison told CNBC the agency would “absolutely” consider ending requirements for steering wheels in vehicles designed never to be driven by humans. “If you’re developing a vehicle that is designed never...
NNehring The U.S. auto safety regulator could remove requirements that fully autonomous vehicles have steering wheels. National Highway Traffic Safety Administration (NHTSA) Administrator Jonathan Morrison told CNBC the agency would “absolutely” consider ending requirements for steering wheels in vehicles designed never to be driven by humans. “If you’re developing a vehicle that is designed never to be driven by a human operator, it doesn’t make any sense to require manual controls,” said Morrison in a CNBC interview. NHTSA recently updated federal safety standards to remove the requirement for manual brake pedals in vehicles built exclusively for autonomous operation, part of a broader effort by the Trump administration to modernize rules for driverless vehicles. Separately on Wednesday, NHTSA issued a letter urging autonomous vehicle developers to address what it described as a pattern of driverless vehicles interfering with police, firefighters, and ambulances at emergency scenes. The agency said it had documented multiple incidents in which autonomous vehicles entered active emergency scenes, blocked first responders, or failed to recognize flashing lights, traffic cones, smoke, and other hazards. Companies pursuing robotaxi services include Alphabet-owned Waymo ( WAYMO ), Amazon's Zoox ( AMZN ), and Tesla ( TSLA ) More on Tesla, Waymo LLC, etc. Amazon: America's Largest Retailer Wants To Monetize Every Hour Of The Day Tesla: Delivery Boom Is A Game-Changer (Rating Upgrade) Tesla's Delivery Results Support Continued Pessimism Tesla initiated at Market Perform on concerns over near-term AI Judge approves Elon Musk's settlement with SEC in Twitter case despite 'misgivings'
Micron's stock surged following the company's announcement of a planned investment of up to $3 billion aimed at bolstering the U.S. semiconductor supply chain. Ed Ludlow has more on "Bloomberg Surveillance." (Source: Bloomberg)
Micron's stock surged following the company's announcement of a planned investment of up to $3 billion aimed at bolstering the U.S. semiconductor supply chain. Ed Ludlow has more on "Bloomberg Surveillance." (Source: Bloomberg)
RHJ/iStock via Getty Images Simply Good Foods ( SMPL ) are rallying into Thursday’s open despite a deterioration in fiscal third quarter sales and declining profit year-over-year as the results were not as bad as Wall Street feared, and the company’s outlook for FY26 improved from the previous quarter. “We recognize significant work remains, and our priorities are unchanged. We are focused on stre...
RHJ/iStock via Getty Images Simply Good Foods ( SMPL ) are rallying into Thursday’s open despite a deterioration in fiscal third quarter sales and declining profit year-over-year as the results were not as bad as Wall Street feared, and the company’s outlook for FY26 improved from the previous quarter. “We recognize significant work remains, and our priorities are unchanged. We are focused on strengthening our business model, improving the consistency of our execution, and reinvesting behind our most important brand opportunities to support household penetration. We believe steady progress against these actions will position Simply Good Foods to return to sustainable, profitable growth over time,” said Simply Good Foods CEO Joe Scalzo. A double-digit decline in its Atkins product line weighed on sales, only partially offset by increased sales for Quest and OWYN, resulting in a 6.3% decline in net revenue to $357M, although $24.4M better than what was expected. Meanwhile, the bottom line was negatively impacted by volume declines, higher input costs, and restructuring charges, resulting in a net loss of $52M versus a profit of $41.1M for the same quarter last year, or $(0.58) per share vs. $0.40 a year ago. On an adjusted basis, however, the company earned a profit of $0.42 per share compared to a profit of $0.51 a year ago, $0.07 better than expected. The result drove the company’s gross profit margin down 390 basis points to 35.2%, which was largely driven by $6.2M of restructuring costs and higher input costs. For FY26, Simply Good Foods ( SMPL ) now expects sales to be down 6% to 7% to within a range of $1.345B and $1.355B, an improvement from the prior outlook for a decline of 7% to 10% to $1.31B to $1.35B. Furthermore, the $1.35B midpoint of the new range is above $1.33B estimates. The remaining projections for FY26 were mixed as gross margin is now expected to decline by 375 basis points compared to an earlier outlook for a decline of 250-300 basis points, whi...
Apple Inc. ( AAPL ) was added as a new short call at Hedgeye with the potential for 23% downside. "We were early and above consensus on FY26/FY27 revenue because we believed in a super cycle when most investors did not," Hedgeye analyst Felix Wang wrote in a note on Thursday. "That edge has now largely disappeared, with sell-side estimates already revised materially higher." Wang writes that while...
Apple Inc. ( AAPL ) was added as a new short call at Hedgeye with the potential for 23% downside. "We were early and above consensus on FY26/FY27 revenue because we believed in a super cycle when most investors did not," Hedgeye analyst Felix Wang wrote in a note on Thursday. "That edge has now largely disappeared, with sell-side estimates already revised materially higher." Wang writes that while Apple continues to gain share in China, the pace of the gains didn't accelerate in the June quarter. "Expectations for double-digit Greater China growth in FY27/FY28 appear too high, especially with Huawei potentially positioned to take an action later this year that could materially pressure Apple," Wang added. "If the iPhone super cycle begins to fade and Apple reverts toward mid-single-digit growth, the stock’s premium forward earnings multiple of roughly 34x is unlikely to hold," Wang explained in the note. "We see a 23% downside." Apple ( AAPL ) has short interest of ~1%. Shares of Apple have risen 15% this year. More on Apple Apple Nears A Peak; Accelerating Services Monetization Meets Demand Destruction Risks Apple's Possible New iPhone Pricing Strategy Apple Is Best Positioned To Face Memory Shock: Reiterate Buy Apple-Broadcom deal to exceed $30B; includes $1.5B investment in Colorado plant Apple fails to shield App Store and iOS from sweeping EU antitrust crackdown
Apple Inc. ( AAPL ) was added as a new short call at Hedgeye with the potential for 23% downside. "We were early and above consensus on FY26/FY27 revenue because we believed in a super cycle when most investors did not," Hedgeye analyst Felix Wang wrote in a note on Thursday. "That edge has now largely disappeared, with sell-side estimates already revised materially higher." Wang writes that while...
Apple Inc. ( AAPL ) was added as a new short call at Hedgeye with the potential for 23% downside. "We were early and above consensus on FY26/FY27 revenue because we believed in a super cycle when most investors did not," Hedgeye analyst Felix Wang wrote in a note on Thursday. "That edge has now largely disappeared, with sell-side estimates already revised materially higher." Wang writes that while Apple continues to gain share in China, the pace of the gains didn't accelerate in the June quarter. "Expectations for double-digit Greater China growth in FY27/FY28 appear too high, especially with Huawei potentially positioned to take an action later this year that could materially pressure Apple," Wang added. "If the iPhone super cycle begins to fade and Apple reverts toward mid-single-digit growth, the stock’s premium forward earnings multiple of roughly 34x is unlikely to hold," Wang explained in the note. "We see a 23% downside." Apple ( AAPL ) has short interest of ~1%. Shares of Apple have risen 15% this year. More on Apple Apple Nears A Peak; Accelerating Services Monetization Meets Demand Destruction Risks Apple's Possible New iPhone Pricing Strategy Apple Is Best Positioned To Face Memory Shock: Reiterate Buy Apple-Broadcom deal to exceed $30B; includes $1.5B investment in Colorado plant Apple fails to shield App Store and iOS from sweeping EU antitrust crackdown
RCI Hospitality ( RICK ) on Thursday reported $73.3M in club and sports bar sales for the fiscal 2026 third quarter ended June 30, 2026, a 4% year-over-year increase. The firm highlighted that sales do not include non-core operations. RCI Hospitality said its nightclub sales gained 1% year-over-year to $62.5M in Q3 2026, while its Bombshells sales jumped nearly 26% year-over-year to $10.8M. For 9M...
RCI Hospitality ( RICK ) on Thursday reported $73.3M in club and sports bar sales for the fiscal 2026 third quarter ended June 30, 2026, a 4% year-over-year increase. The firm highlighted that sales do not include non-core operations. RCI Hospitality said its nightclub sales gained 1% year-over-year to $62.5M in Q3 2026, while its Bombshells sales jumped nearly 26% year-over-year to $10.8M. For 9M 2026, total combined sales stood at $211.8M, increasing 2.4% year-over-year. Nightclub sales gained 2.2% year-over-year to $184.2M, while Bombshells sales were up 4.3% annually to $27.5M. Travis Reese , Interim President and CEO of RCI, said, “Total club and sports bar sales increased 4.0%, primarily due to an outstanding performance from Bombshells, which benefited from two new Texas locations in Rowlett and Lubbock and increases at seven of our nine same-store locations.” “Nightclubs also contributed to the total sales increase, primarily reflecting benefits from high-interest professional basketball and soccer games. We believe this strong sports lineup helped offset softness earlier in 3Q26 from the effect of geopolitical uncertainties on discretionary spending.” Source: press release More on RCI Hospitality RCI Hospitality: A Long Overdue Downgrade As Traffic Declines RCI receives Nasdaq confirmation of filing compliance RCI Hospitality gets Nasdaq non-compliance notice over missing 10-Q filing
IBM （NYSE：IBM）宣布对其Bob软件开发平台进行重大升级，新增多智能体协同能力、AI成本分析工具及面向企业系统现代化的预构建工作流程。 本次更新的核心内容包括多智能体架构，Bob可根据任务匹配不同AI模型并协调多个智能体协同执行；新推出的Bobalytics功能可实时监控AI资源消耗与分配情况，帮助企业实现对AI成本和使用量的可见性；平台还支持并行工具调用和子智能体独立处理复杂任务，有助...
Netflix (NASDAQ: NFLX) and Spotify (NYSE: SPOT) both closed the books on Q1 2026, and the reports tell two very different stories about scaled subscription media. Netflix beat on revenue but missed on earnings while collecting a fat breakup fee. Spotify crushed EPS yet spooked investors with soft forward guidance. Same industry, opposite reactions. Ad ... Netflix vs Spotify: Two Streaming Giants, ...
Netflix (NASDAQ: NFLX) and Spotify (NYSE: SPOT) both closed the books on Q1 2026, and the reports tell two very different stories about scaled subscription media. Netflix beat on revenue but missed on earnings while collecting a fat breakup fee. Spotify crushed EPS yet spooked investors with soft forward guidance. Same industry, opposite reactions. Ad ... Netflix vs Spotify: Two Streaming Giants, Two Paths, One Clear Winner
Dan Kitwood American International Group ( AIG ) stock rose 1.5% in Thursday premarket trading after Cantor upgraded the insurer to Overweight from Neutral on the expectation that momentum from Q1 will continue for several more quarters. Analyst Ryan Tunis highlights the company's Q1 expense ratio beat, growth from reinsurance agreements, and large improvement in personal lines. "While we don’t ex...
Dan Kitwood American International Group ( AIG ) stock rose 1.5% in Thursday premarket trading after Cantor upgraded the insurer to Overweight from Neutral on the expectation that momentum from Q1 will continue for several more quarters. Analyst Ryan Tunis highlights the company's Q1 expense ratio beat, growth from reinsurance agreements, and large improvement in personal lines. "While we don’t expect all of these beat items to sustain in the second quarter specifically, we expect this multifaceted degree of idiosyncratic momentum will remain in place over the next several quarters as the company earns toward its 2028 targets, which, importantly, new management has already blessed," he wrote in a note to clients. Moreover, AIG's ( AIG ) inexpensive valuation, as it's trading near book value, "is an added factor that we think lessens the importance of cyclical concerns around the story." Cantor's Overweight rating on the stock contrasts with the SA Quant rating of Hold and aligns with the average Wall Street rating of Buy. More on American International Group American International Group, Inc. (AIG) Q1 2026 Earnings Call Transcript American International Group, Inc. 2026 Q1 - Results - Earnings Call Presentation American International Group: Underwriting Proves Resilient Again In Q1 Key deals this week: Parker Hannifin, Dominion Energy, LiveRamp and more AIG to acquire Everest’s Colombia insurance operations