Abstract Aerial Art/DigitalVision via Getty Images Three months after my coverage , MasterCraft Boat Holdings, Inc. ( MCFT ) had already shown some interesting changes and even delivered over 30% returns when it reached its one-year mark before the recent selloff. Today, selling pressures are still evident as the downtrend continues, supported by the current Middle East tensions. However, I think ...
Abstract Aerial Art/DigitalVision via Getty Images Three months after my coverage , MasterCraft Boat Holdings, Inc. ( MCFT ) had already shown some interesting changes and even delivered over 30% returns when it reached its one-year mark before the recent selloff. Today, selling pressures are still evident as the downtrend continues, supported by the current Middle East tensions. However, I think this dip may become an opportunity to enter or re-enter despite the short-term headwinds. Valuation is also still reasonable with some upside potential, which remains consistent with its robust fundamentals. MCFT Q2 2026: Sustained Strength Despite Market Volatility Inflation remained stubborn, while new tariffs increased macroeconomic woes among many consumers and businesses across various industries before the year ended. Even so, luxury assets like recreational and sports fishing boats had indications of recovery amid increased demand and pricing power. Businesses like MasterCraft Boat continued to benefit from this trend with its robust growth and stable margins. We saw this in its most recent performance. In Q2 2026, its net sales amounted to $71.76M , up by 13.2% YoY from $63.36M YoY. This double-digit sales growth was more than twice the YoY increase of only 5.6% in my previous coverage. This shows its sustained strength after its strategic contraction from FY 2024 to FY 2025. And if you look at its quarterly trend , MCFT’s strategy paid off as sales continued to recover with improving margins. Its strong brand recognition was an important factor as it helped MCFT secure a solid customer base. This was supported by the policy easing cycle during Q4 2025. This increased borrower and investor confidence and supported discretionary and luxury spending among many consumers. As you can see, sales volume of both products rose YoY. Pontoon remained the main driver as its volume increased by 21 units, or 13.7% YoY. Meanwhile, the main brand still enjoyed stronger pricing pow...
(RTTNews) - While reporting financial results for the first quarter on Tuesday, facility management company ABM Industries, Inc. (ABM) maintained its adjusted earnings, revenue and organic revenue growth guidance for the full-year 2026. For fiscal 2026, the company continues to project adjusted earnings in a range of $3.85 to $4.15 per share on revenue growth of 4 to 5 percent, with organic revenu...
(RTTNews) - While reporting financial results for the first quarter on Tuesday, facility management company ABM Industries, Inc. (ABM) maintained its adjusted earnings, revenue and organic revenue growth guidance for the full-year 2026. For fiscal 2026, the company continues to project adjusted earnings in a range of $3.85 to $4.15 per share on revenue growth of 4 to 5 percent, with organic revenue growth of 3 to 4 percent. After the quarter's close, the Board declared a cash dividend of $0.29 per common share, payable on May 4, 2026, to shareholders of record on April 2, 2026. In Tuesday's pre-market trading, ABM is trading on the NYSE at $43.50, up $0.22 or 0.51 percent. 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 UAE was dealing with a fire in an area where its biggest oil refinery is located, following a drone strike. The blaze was at a facility in the Ruwais industrial zone, according to the Abu Dhabi Media Office. It didn’t identify the facility. The country’s largest refinery has the capacity to process over 900,000 barrels a day of oil. The drone attack adds to a swathe of incidents in the Middle ...
The UAE was dealing with a fire in an area where its biggest oil refinery is located, following a drone strike. The blaze was at a facility in the Ruwais industrial zone, according to the Abu Dhabi Media Office. It didn’t identify the facility. The country’s largest refinery has the capacity to process over 900,000 barrels a day of oil. The drone attack adds to a swathe of incidents in the Middle East that’s resulted in massive disruptions to energy assets across the Persian Gulf. Saudi Arabia shut down its largest refinery last week and Qatar closed the world’s biggest liquefied natural gas export facility following drone strike.
Meta Platforms, Inc. (NASDAQ:META) is one of the top stocks that will make you rich in 10 years. Meta Platforms, Inc. (META) Says AI Rivals Will be Allowed on Whatsapp For a Year, Reuters Reports Reuters reported on March 5 that according to Meta Platforms, Inc. (NASDAQ:META), AI rivals will be allowed on WhatsApp for a year, with the decision aimed at heading off a possible temporary order from E...
Meta Platforms, Inc. (NASDAQ:META) is one of the top stocks that will make you rich in 10 years. Meta Platforms, Inc. (META) Says AI Rivals Will be Allowed on Whatsapp For a Year, Reuters Reports Reuters reported on March 5 that according to Meta Platforms, Inc. (NASDAQ:META), AI rivals will be allowed on WhatsApp for a year, with the decision aimed at heading off a possible temporary order from EU antitrust regulators following complaints from competitors shut out of the messaging service. Similar to Italy’s watchdog in December, the European Commission, the EU's competition enforcer, threatened interim measures last month to prevent potential irreparable and serious harm to rivals after Meta Platforms, Inc. (NASDAQ:META) barred them from WhatsApp on January 15, only allowing its Meta AI assistant to function on the service. The company has now told the Commission that it will allow rival AI chatbots access to WhatsApp for a fee. Reuters reported that a Meta spokesperson stated that for the next 12 months, the company will support general-purpose AI chatbots using the “WhatsApp Business API in Europe in response to the European Commission's regulatory process". The spokesperson added that this "removes the need for any immediate intervention as it gives the European Commission the time it needs to conclude its investigation." Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: ...
Meta Platforms, Inc. (NASDAQ:META) is one of the top stocks that will make you rich in 10 years. Meta Platforms, Inc. (META) Says AI Rivals Will be Allowed on Whatsapp For a Year, Reuters Reports Reuters reported on March 5 that according to Meta Platforms, Inc. (NASDAQ:META), AI rivals will be allowed on WhatsApp for a year, with the decision aimed at heading off a possible temporary order from E...
Meta Platforms, Inc. (NASDAQ:META) is one of the top stocks that will make you rich in 10 years. Meta Platforms, Inc. (META) Says AI Rivals Will be Allowed on Whatsapp For a Year, Reuters Reports Reuters reported on March 5 that according to Meta Platforms, Inc. (NASDAQ:META), AI rivals will be allowed on WhatsApp for a year, with the decision aimed at heading off a possible temporary order from EU antitrust regulators following complaints from competitors shut out of the messaging service. Similar to Italy’s watchdog in December, the European Commission, the EU's competition enforcer, threatened interim measures last month to prevent potential irreparable and serious harm to rivals after Meta Platforms, Inc. (NASDAQ:META) barred them from WhatsApp on January 15, only allowing its Meta AI assistant to function on the service. The company has now told the Commission that it will allow rival AI chatbots access to WhatsApp for a fee. Reuters reported that a Meta spokesperson stated that for the next 12 months, the company will support general-purpose AI chatbots using the “WhatsApp Business API in Europe in response to the European Commission's regulatory process". The spokesperson added that this "removes the need for any immediate intervention as it gives the European Commission the time it needs to conclude its investigation." Meta Platforms, Inc. (NASDAQ:META) builds technological products that allow people to share, connect, grow businesses, and find communities. These products help people connect through personal computers, mobile devices, virtual reality (VR), mixed reality (MR) headsets, and wearables. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: ...
Investigators in New Mexico began searching on Monday the former ranch of Jeffrey Epstein where the late financier and his acquaintances are accused of sexually abusing women and girls, state authorities said. Democratic-run New Mexico is acting on new information in documents released in January by the US Department of Justice, including an accusation that Epstein ordered the bodies of two fo...
Investigators in New Mexico began searching on Monday the former ranch of Jeffrey Epstein where the late financier and his acquaintances are accused of sexually abusing women and girls, state authorities said. Democratic-run New Mexico is acting on new information in documents released in January by the US Department of Justice, including an accusation that Epstein ordered the bodies of two foreign girls buried in hills near the secluded property. The search follows New Mexico Attorney General Raul Torrez’s decision last month to reopen the investigation into the late sex offender’s alleged criminal activities at the ranch 48km (30 miles) south of the state’s capital of Santa Fe. Advertisement “The New Mexico Department of Justice will continue to keep the public appropriately informed, support the survivors, and follow the facts wherever they lead,” it said in a statement. On Monday, a Reuters witness heard dogs barking and saw a government vehicle bearing a paw-print symbol, suggesting it was carrying animals, leave the ranch. 00:49 Andrew Mountbatten-Windsor arrested on suspicion of misconduct in public office Andrew Mountbatten-Windsor arrested on suspicion of misconduct in public office State police and a county fire and rescue vehicle were also spotted.
Europe’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald Trump. The 10-brand group, whose luxury subsidiaries Porsche and Audi are also under pressure, said the jobs would go in Germany, affecting the entire group, as part of a restructuring drive in light of the darkening...
Europe’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald Trump. The 10-brand group, whose luxury subsidiaries Porsche and Audi are also under pressure, said the jobs would go in Germany, affecting the entire group, as part of a restructuring drive in light of the darkening global business climate. The group had already struck a deal with German trade unions at the end of 2024 to slash 35,000 jobs by 2030, in part by natural attrition through retirement and other staff departures. Volkswagen revealed the updated plans as it announced a 54% drop in pre-tax profits. The group has been scaling back its targets for electric vehicle (EV) production in recent months, including at its Italian supercar manufacturer, Lamborghini. As the US-Israeli military action against Iran stokes market uncertainty and drives up energy prices, Volkswagen warned that global turbulence would negatively affect its outlook. “Challenges are expected in particular from the macroeconomic environment, uncertainties regarding restrictions in international trade and geopolitical tensions,” the company said. This would increase “competitive intensity” and volatility on “commodity, energy and foreign exchange markets”, it said in a statement. The Volkswagen Group chief executive, Oliver Blume, said later the Iran war was not hitting Volkswagen’s supply chain but could affect demand for its premium marques Audi and Porsche. “We are simply seeing how volatile and fragile our world is, with new issues arising every month,” Blume said, pointing to a potential drag on sales from the conflict in the region, where volumes are modest but margins high. The fall in profits, to €8.9bn (£6.6bn), was largely “attributable to US tariffs”, the company reported, as well as a costly strategy shift at Porsche, which has postponed its transition to EVs owing to slack demand. Porsche’s operating ...
Capital International Sarl trimmed its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,640 shares of the semiconductor manufacturer's stock after selling 9,785 shares during the period. Capital International Sarl's holdings in Micron Technology we...
Capital International Sarl trimmed its stake in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,640 shares of the semiconductor manufacturer's stock after selling 9,785 shares during the period. Capital International Sarl's holdings in Micron Technology were worth $35,077,000 as of its most recent SEC filing. Get Micron Technology alerts: Sign Up Other large investors have also made changes to their positions in the company. Capital International Investors grew its position in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after buying an additional 155,860 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Micron Technology by 1.9% in the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock valued at $1,217,394,000 after purchasing an additional 135,850 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in Micron Technology by 13.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 21,623 shares of the semiconductor manufacturer's stock valued at $3,617,000 after buying an additional 2,522 shares during the period. Sienna Gestion raised its position in Micron Technology by 87.4% in the third quarter. Sienna Gestion now owns 93,986 shares of the semiconductor manufacturer's stock worth $14,338,000 after purchasing an additional 43,822 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Micron Technology by 81.7% during the 3rd quarter. WINTON GROUP Ltd now owns 51,925 shares of the semiconductor manufacturer's stock worth $8,688,000 after buying an additional 23,353 shares during the period. Institutional investors and hedge funds own 80.84% of the...
Capital International Sarl decreased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,235 shares of the semiconductor company's stock after selling 3,433 shares during the period. Capital International Sarl's hol...
Capital International Sarl decreased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,235 shares of the semiconductor company's stock after selling 3,433 shares during the period. Capital International Sarl's holdings in Taiwan Semiconductor Manufacturing were worth $43,076,000 at the end of the most recent reporting period. Get TSM alerts: Sign Up A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the period. Ignite Planners LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.7% during the second quarter. Ignite Planners LLC now owns 2,610 shares of the semiconductor company's stock valued at $627,000 after purchasing an additional 116 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $302,000. AE Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 22.9% in the 2nd quarter. AE Wealth Management LLC now owns 13,039 shares of the semiconductor company's stock valued at $2,953,000 after buying an additional 2,431 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Taiwan Semiconductor Manufacturing by 0.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,540 shares of the semiconductor company's stock valued at $5,296,000 after buying an additional 110 shares during the period. 16.51% of the stock is currently owned by institutional inves...
(RTTNews) - RWE Aktiengesellschaft (RWEOY, RWE.DE), a German energy company, on Tuesday said Munich Airport signed a 10-year power purchase agreement to procure offshore wind power from RWE's Nordseecluster A wind farm in the North Sea. The wind farm is expected to begin operations in early 2027. Under the agreement, the airport will receive 40 gigawatt hours of electricity per year, equivalent to...
(RTTNews) - RWE Aktiengesellschaft (RWEOY, RWE.DE), a German energy company, on Tuesday said Munich Airport signed a 10-year power purchase agreement to procure offshore wind power from RWE's Nordseecluster A wind farm in the North Sea. The wind farm is expected to begin operations in early 2027. Under the agreement, the airport will receive 40 gigawatt hours of electricity per year, equivalent to about 40 million kilowatt hours. The electricity will be supplied from RWE's Nordseecluster A offshore wind farm, which has a total capacity of 660 megawatts and is currently under construction in the North Sea, about 50 kilometers north of the island of Juist. The agreement is expected to help Munich Airport reduce carbon dioxide emissions by about 13,000 tonnes annually. RWE is currently trading 2.48% higher at EUR 54.62 on the XETRA. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.