White sugar hit the highest levels since October as a rally in oil prices and the ongoing disruptions in the Strait of Hormuz stoked fears about supplies across the Middle East as well as shipments from the region. The most-active contract in London rose as much as 2.7% to $449.40 a ton, the highest since Oct. 15. Raw sugar rose more than 3% in New York — touching levels seen at the close of Decem...
White sugar hit the highest levels since October as a rally in oil prices and the ongoing disruptions in the Strait of Hormuz stoked fears about supplies across the Middle East as well as shipments from the region. The most-active contract in London rose as much as 2.7% to $449.40 a ton, the highest since Oct. 15. Raw sugar rose more than 3% in New York — touching levels seen at the close of December — tracking crude . Hormuz, a crucial transit for global trade, has been essentially closed off since the Iran war erupted. That’s hit roughly 6% of the world’s sugar trade, according to Claudiu Covrig of Covrig Analytics. Vessels carrying raw sugar to major refining hubs in the Middle East are stranded or rerouted. That’s constraining output of refined sugar at a time when regional demand remains strong, Covrig added. Gulf sugar refineries typically rely on steady inflows of raw sugar from Brazil and other exporters, but delays and diversions are creating supply gaps across the Middle East, East Africa and parts of Asia, he added. Raw sugar futures surged to the highest level in more than two months, tracking crude prices as the market watches what Brazil’s national oil giant Petrobras will do to tackle higher energy costs. Any move to raise domestic gasoline prices would incentivize the country’s sugar mills to divert more cane into ethanol instead, reducing global availability of the sweetener. With Indian flows limited by lower output and sluggish exports, the market is increasingly dependent on Brazil’s production mix, where the allocation between sugar and ethanol output will be critical in determining global supply in the months ahead, StoneX analyst Murilo Aguiar wrote in a note. White sugar gained 2.4% to $447.80 a ton in London. Raw sugar was up 2.4% in New York Arabica coffee gained 0.2% in New York
(RTTNews) - Signet Jewelers (SIG) said, for fiscal 2027, the company expects: adjusted EPS in a range of $8.80 to $10.74, and total sales of $6.6 to $6.9 billion. For the first quarter, the company expects: total sales in a range of $1.53 to $1.57 billion, and same store sales growth in a range of 0.5% to 2.5%. Fourth quarter net income attributable to common shareholders increased to $250.0 milli...
(RTTNews) - Signet Jewelers (SIG) said, for fiscal 2027, the company expects: adjusted EPS in a range of $8.80 to $10.74, and total sales of $6.6 to $6.9 billion. For the first quarter, the company expects: total sales in a range of $1.53 to $1.57 billion, and same store sales growth in a range of 0.5% to 2.5%. Fourth quarter net income attributable to common shareholders increased to $250.0 million from $100.6 million, prior year. EPS was $6.08, compared to $2.30. Adjusted EPS was $6.25, compared to $6.62. Sales were $2.35 billion, flat with prior year. Signet's Board has declared a quarterly cash dividend on common shares of $0.35 per share for the first quarter of fiscal 2027, payable May 22, 2026, to shareholders of record on April 24, 2026. The common dividend represents a nearly 10% increase. In pre-market trading on NYSE, Signet shares are up 0.43 percent to $79.13. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The company reported revenue of $23.86 billion, significantly topping expectations. Adjusted earnings hit $12.20 per share, far surpassing the $8.69 consensus. For the third quarter, Micron guided revenue to $33.5 billion. Heavy Spending to Support AI Demand Management indicated that it must spend heavily to meet burgeoning demand. The company expects fiscal 2026 capital expenditure to exceed $25 ...
The company reported revenue of $23.86 billion, significantly topping expectations. Adjusted earnings hit $12.20 per share, far surpassing the $8.69 consensus. For the third quarter, Micron guided revenue to $33.5 billion. Heavy Spending to Support AI Demand Management indicated that it must spend heavily to meet burgeoning demand. The company expects fiscal 2026 capital expenditure to exceed $25 billion. “We project our fiscal 2027 CapEx to step up meaningfully to support HBM [High Bandwidth Memory] and DRAM [Dynamic Random-Access Memory]-related investments,” executives stated. New facilities in the U.S. and Asia won’t provide meaningful output until next year or later. Analyst Flags Supply as Key Metric Wedbush analyst Matt Bryson told Bloomberg TV that memory remains a supply-driven business. Bryson noted that new supply likely won’t arrive until next year due to long fab lead times. Regime Change or Blow-Off Top? Futurum Group CEO Daniel Newman called the results a “regime change” for the sector. Conversely, CNBC’s Jim Cramer suggested the dip might be a “blow off top” and urged calm. Technical Analysis Micron is trading 5% above its 20-day simple moving average (SMA), and 36.1% above its 100-day SMA, keeping the bigger uptrend intact even with Thursday's early weakness. Shares are up 352.41% over the past 12 months and are positioned closer to their 52-week highs than lows. The RSI is at 64.34, which is neutral territory. Meanwhile, MACD is at 13.9837 versus the signal line at 8.9983. MU Stock Price Activity: Micron Technology shares were down 6.31% at $432.60 during premarket trading on Thursday, according to Benzinga Pro data. Photo: Below the Sky / Shutterstock
Investors in Fair Isaac Corporation FICO need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 20, 2026 $770.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatili...
Investors in Fair Isaac Corporation FICO need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 20, 2026 $770.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Fair Isaac shares, but what is the fundamental picture for the company? Currently, Fair Isaac is a Zacks Rank #3 (Hold) in the Computers - IT Services industry that ranks in the Top 30% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while one has dropped the estimate. The net effect has taken our Zacks Consensus Estimate for the current quarter from $10.71 per share to $10.91 in that period. Given the way analysts feel about Fair Isaac right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Want the latest recommendations from Zacks Investme...
Key Points Devon Energy is a pure-play energy producer. Chevron is an integrated energy giant with exposure to the entire energy value chain. Enterprise Products Partners is a toll-taker in the midstream. 10 stocks we like better than Chevron › The geopolitical conflict in the Middle East has upended the oil market. Oil prices have risen to $100 per barrel and have been swinging dramatically from ...
Key Points Devon Energy is a pure-play energy producer. Chevron is an integrated energy giant with exposure to the entire energy value chain. Enterprise Products Partners is a toll-taker in the midstream. 10 stocks we like better than Chevron › The geopolitical conflict in the Middle East has upended the oil market. Oil prices have risen to $100 per barrel and have been swinging dramatically from day to day, driven by news flow and investor sentiment. This is actually pretty normal for the energy sector, which has a long history of being volatile. If history is any guide, oil prices will eventually come back down. Here's what you need to know to prepare for when that time comes. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Devon Energy is entirely dependent on oil prices Devon Energy (NYSE: DVN) is an independent U.S. onshore oil and natural gas producer. Basically, it drills for oil and gas and sells it. While the company uses hedges to help protect itself from energy price volatility, the core driver of the business remains the prices of the commodities it produces and sells. It is effectively leveraged to the price of oil and natural gas. Over the past six months, Devon's stock has risen around 33%. That's the upside opportunity with a pure-play energy producer, which is often called an upstream business. Investors should expect Devon Energy's financial results to be strong so long as oil prices remain high. However, when oil prices eventually fall, as they always have historically, Devon's earnings will fall, too. And, as a result, investors will likely dump the stock, leading to a dramatic price decline. Be prepared for a drawdown if you buy Devon Energy while energy prices are rising. Chevron is built to survive the cycle Chevron (NYSE: CVX) is an integrated energy company. It owns produc...
The Allstate Corporation ( ALL ) on Thursday announced estimated catastrophe losses for the month of February of $140 million, or $111 million after tax. Total catastrophe losses for January and February were $315 million or $249 million after tax. Allstate Protection policies in force are as follows: Allstate Protection Policies in Force (1) (in thousands) February 28, 2026 January 31, 2026 Febru...
The Allstate Corporation ( ALL ) on Thursday announced estimated catastrophe losses for the month of February of $140 million, or $111 million after tax. Total catastrophe losses for January and February were $315 million or $249 million after tax. Allstate Protection policies in force are as follows: Allstate Protection Policies in Force (1) (in thousands) February 28, 2026 January 31, 2026 February 28, 2025 Feb. 28, 2026 v Jan. 31, 2026 Feb. 28, 2026 v Feb. 28, 2025 Auto 25,633 25,484 24,894 0.6 % 3.0 % Homeowners 7,726 7,709 7,537 0.2 % 2.5 % Other personal lines 4,902 4,894 4,873 0.2 % 0.6 % Commercial lines 176 175 196 0.6 % (10.2) % Total 38,437 38,262 37,500 0.5 % 2.5 % Click to enlarge ALL -0.01% premarket to $204.35. Source: Press Release More on Allstate The Allstate Corporation (ALL) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow Allstate: You're In Fairly Valued Hands The Allstate Corporation (ALL) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript Goldman Sachs evaluates AI impact on P&C insurers, upgrades AIG, cuts Allstate Allstate sees higher catastrophe losses in January on winter storm Fern
A sharp downtrend was witnessed in the U.S. stock market yesterday, with the Dow Jones Industrial Average tumbling 768.11 points, or 1.63%, to 46,225.15. The S&P 500 declined 91.39 points, or 1.36%, to 6,624.70, while the Nasdaq Composite slid 327.11 points, or 1.46%, to 22,152.42. The broad-based weakness reflected a risk-off tone as investors digested a combination of monetary policy signals and...
A sharp downtrend was witnessed in the U.S. stock market yesterday, with the Dow Jones Industrial Average tumbling 768.11 points, or 1.63%, to 46,225.15. The S&P 500 declined 91.39 points, or 1.36%, to 6,624.70, while the Nasdaq Composite slid 327.11 points, or 1.46%, to 22,152.42. The broad-based weakness reflected a risk-off tone as investors digested a combination of monetary policy signals and escalating geopolitical tensions. At its latest meeting, the Federal Reserve kept the benchmark interest rate unchanged at 3.5%-3.75% for a second consecutive time and continued to signal only one rate cut this year. This dampened market sentiment, as expectations for a more accommodative policy path were pared back. Fed Chair Jerome Powell also warned that higher oil prices could raise inflation while simultaneously weighing on economic activity. The ongoing conflict involving the United States and Israel against Iran has already pushed energy prices above $100 per barrel. With markets confronting the dual risks of persistent inflation and slowing economic momentum, equities witnessed a broad-based sell-off. Against this backdrop, value stocks present an appealing opportunity. When evaluating value stocks, one of the most effective valuation metrics is the Price to Cash Flow (P/CF) ratio. This metric measures the market price of a stock relative to the cash flow the company generates on a per-share basis. A lower P/CF ratio indicates that the stock is trading at a better value, offering strong cash generation potential relative to its price. Here are four companies — Strategic Education, Inc. STRA, Mistras Group, Inc. MG, Signet Jewelers Limited SIG and NatWest Group plc NWG — that boast a low P/CF ratio. Price to Cash Flow Reveals Financial Health Questions may arise as to why we are considering the P/CF valuation metric when the most widely used metric is Price/Earnings (or P/E). Well, what makes P/CF stand out is that operating cash flow adds back non-cash charges such...
Treasuries sank and traders no longer priced in any chance of an interest-rate cut the US this year after the Bank of England said it would be ready to act against inflation. The move pushed yields higher across maturities, with those on two-year Treasuries — most sensitive to the Fed’s policy changes — higher by 13 basis points to 3.9%. Bond traders erased their wagers on a rate cut in the US thi...
Treasuries sank and traders no longer priced in any chance of an interest-rate cut the US this year after the Bank of England said it would be ready to act against inflation. The move pushed yields higher across maturities, with those on two-year Treasuries — most sensitive to the Fed’s policy changes — higher by 13 basis points to 3.9%. Bond traders erased their wagers on a rate cut in the US this year, with some even hedging for a potential hike in the coming months. “This is all being driven by the Bank of England rate decision as markets are looking for 50 basis points of hikes now in 2026,” said Tom di Galoma , managing director at Mischler Financial Group. “Bond markets in Europe are in free fall and that is driving US yields up as well.” He said flows were defined by an absence of buyers “and mainly selling taking place,” with sentiment dominated by expectations of an extended conflict. “The Iran war that could go on for months instead of weeks is the current thought.”
JHVEPhoto As Oscar Wilde might say on Wall Street: post-earnings moves are rarely pure and never simple. Micron Technology ( MU ) delivered one of the most dramatic earnings beats in recent memory Wednesday evening — and the market responded by sending the stock lower anyway. While capex concerns have been cited, this is a case study in how great isn't good enough. The memory chipmaker issued guid...
JHVEPhoto As Oscar Wilde might say on Wall Street: post-earnings moves are rarely pure and never simple. Micron Technology ( MU ) delivered one of the most dramatic earnings beats in recent memory Wednesday evening — and the market responded by sending the stock lower anyway. While capex concerns have been cited, this is a case study in how great isn't good enough. The memory chipmaker issued guidance that left Wall Street's forecasts looking almost comically conservative . For Q2, Micron guided to revenue of between $32.75B and $34.25B , against analyst expectations of $23.66B — a beat of nearly 45%. Adjusted EPS guidance of $18.75 to $19.55 dwarfed the consensus estimate of $11.29, a margin of almost 70%. And yet shares fell around 5% in premarket trading Thursday as investors chose to pocket gains rather than push the stock higher on what was, by any conventional measure, an extraordinary outlook. Options pain The result was a painful one for options bulls, and nowhere more so than at the $430 strike. Heading into the report, that level carried the highest open interest on the call side at more than 17K contracts — a concentration of accumulated bullish positioning suggesting traders had been building exposure over multiple sessions. With the stock now trading around $435 in premarket — well below the levels bulls had anticipated — those positions remain in the money but have suffered major profit erosion. The real pain falls on holders of the $500 calls, where more than 16K contracts traded ahead of the report, and which are now deeply out of the money. What the options market could not price in was the sentiment dynamic: a stock that had already rallied 4.5% on Tuesday left little room for further upside, however stunning the numbers. When a company guides to nearly $34B in revenue against expectations of $23.66B and the stock still falls, it says everything about how completely the bull case had already been priced in. At approximately 5%, the premarket declin...
JHVEPhoto As Oscar Wilde might say on Wall Street: post-earnings moves are rarely pure and never simple. Micron Technology ( MU ) delivered one of the most dramatic earnings beats in recent memory Wednesday evening — and the market responded by sending the stock lower anyway. While capex concerns have been cited, this is a case study in how great isn't good enough. The memory chipmaker issued guid...
JHVEPhoto As Oscar Wilde might say on Wall Street: post-earnings moves are rarely pure and never simple. Micron Technology ( MU ) delivered one of the most dramatic earnings beats in recent memory Wednesday evening — and the market responded by sending the stock lower anyway. While capex concerns have been cited, this is a case study in how great isn't good enough. The memory chipmaker issued guidance that left Wall Street's forecasts looking almost comically conservative . For Q2, Micron guided to revenue of between $32.75B and $34.25B, against analyst expectations of $23.66B — a beat of nearly 45%. Adjusted EPS guidance of $18.75 to $19.55 dwarfed the consensus estimate of $11.29, a margin of almost 70%. And yet shares fell around 5% in premarket trading Thursday as investors chose to pocket gains rather than push the stock higher on what was, by any conventional measure, an extraordinary outlook. Options pain The result was a painful one for options bulls, and nowhere more so than at the $430 strike. Heading into the report, that level carried the highest open interest on the call side at more than 17K contracts — a concentration of accumulated bullish positioning suggesting traders had been building exposure over multiple sessions. With the stock now trading around $435 in premarket — well below the levels bulls had anticipated — those positions remain in the money but have suffered major profit erosion. The real pain falls on holders of the $500 calls, where more than 16K contracts traded ahead of the report, and which are now deeply out of the money. What the options market could not price in was the sentiment dynamic: a stock that had already rallied 4.5% on Tuesday left little room for further upside, however stunning the numbers. When a company guides to nearly $34B in revenue against expectations of $23.66B and the stock still falls, it says everything about how completely the bull case had already been priced in. At approximately 5%, the premarket decline...
RomanBabakin The Philly Fed Manufacturing Index stood at 18.1 in March, compared to 16.3 in February and against the consensus of 5.5, according to data released by the Philadelphia Federal Reserve on Thursday. The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. The diffusion index for cur...
RomanBabakin The Philly Fed Manufacturing Index stood at 18.1 in March, compared to 16.3 in February and against the consensus of 5.5, according to data released by the Philadelphia Federal Reserve on Thursday. The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. The diffusion index for current general activity rose for the third consecutive month. Business conditions: 40.0 vs. 42.8 in February Capex: 25.8 vs. 14.4 prior Employment: 0.8 vs. -1.3 prior New orders: 8.6 vs. 11.7 prior Prices paid: 44.7 vs. 38.9 prior For special questions, the participating firms were asked to estimate their total production growth for Q1 2026 compared to Q4 2025. A higher share of the firms reported an increase in production. Nearly 82% of the firms reported that uncertainty was at least a slight constraint to capacity utilization in the current quarter. The diffusion index for future general activity declined 3 points to 40.0 this month. More than 56% of the firms expect an increase in activity over the next six months. The future new orders index fell 5 points to 49.6. T he future employment index jumped 26 points to 40.4. The future prices paid index ticked down from 54.1 to 53.7, and the future prices received index fell 12 points to 38.4. More on U.S. Economy Factory orders rise modestly in January, as expected Business inflation expectations tick up in March, Atlanta Fed says Producer Price Index inflation heats up more than expected in February
Value Aligned Research Advisors LLC lifted its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,378,351 shares of the company's stock after acquiring an additional 197,320 shares during the period. Astera Labs compris...
Value Aligned Research Advisors LLC lifted its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,378,351 shares of the company's stock after acquiring an additional 197,320 shares during the period. Astera Labs comprises approximately 3.3% of Value Aligned Research Advisors LLC's holdings, making the stock its 12th largest holding. Value Aligned Research Advisors LLC owned about 0.82% of Astera Labs worth $269,881,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in the company. Geneva Partners LLC acquired a new stake in shares of Astera Labs during the 3rd quarter worth approximately $1,876,000. Numerai GP LLC boosted its position in Astera Labs by 153.1% during the 3rd quarter. Numerai GP LLC now owns 13,212 shares of the company's stock valued at $2,587,000 after purchasing an additional 7,992 shares during the period. Handelsbanken Fonder AB boosted its position in Astera Labs by 289.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 126,200 shares of the company's stock valued at $24,710,000 after purchasing an additional 93,800 shares during the period. Corient Private Wealth LLC bought a new position in Astera Labs during the 2nd quarter worth $543,000. Finally, Paragon Advisors LLC acquired a new stake in Astera Labs in the third quarter worth $1,829,000. 60.47% of the stock is currently owned by institutional investors. Get Astera Labs alerts: Sign Up Insider Buying and Selling at Astera Labs In related news, COO Sanjay Gajendra sold 94,971 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $123.81, for a total transaction of $11,758,359.51. Following the sale, the chief operating officer owned 1,531,301 shares of th...
Kenneth Cheung/iStock Unreleased via Getty Images Automotive companies have seen significant share price pressure following the war in the Middle East. One company that has also seen significant pressure on its share price is Bridgestone ( BRDCF , BRDCY ). In this report, I discuss the company's earnings as well as the outlook, and those already show why the stock price slid 14% since the start of...
Kenneth Cheung/iStock Unreleased via Getty Images Automotive companies have seen significant share price pressure following the war in the Middle East. One company that has also seen significant pressure on its share price is Bridgestone ( BRDCF , BRDCY ). In this report, I discuss the company's earnings as well as the outlook, and those already show why the stock price slid 14% since the start of the month. However, I do believe that the valuation could offer a higher-risk, yet compelling, entry point. Bridgestone Had A Tough Year Navigating Tariffs And Sluggish Demand Bridgestone The results for 2025 show that the company booked no sales growth. Sales were flat at ¥4.4 trillion. That flat performance was a combination of strategic choices and macro pressures. On one hand, the company focused on premium tires rather than low-margin volume segments, and that already takes out some of the growth. That also aligned with the company's factory closures with exit from weaker markets. On the non-strategic side, the company has been dealing with the impact of sluggish global car production, weak demand in Latin America, and tariffs, which had a ¥25 billion impact. The focus on premium segments and cost rationalization also showed in the 2% growth in adjusted profits and 4% on a constant currency, leading to margins improving from 10.9% to 11.1% and a 40 basis point improvement on constant currency. In the market for passenger car tires, sales increased 1%, but adjusted operating profit declined 5%, with margins contracting from 11.4% to 10.7%. Given that this segment generates around 56.5% of the company's revenue, low growth or margin erosion has a big impact on the overall business. The segment for bus and truck tires was flat at roughly ¥1 trillion, but profits improved from ¥57.9 billion to ¥88.4 billion. The specialty tire business covering heavy-duty vehicles, airplanes, agricultural equipment, and motorcycles was flat at ¥623.4 billion, with profits dropping 10% to ...