ZTO Express (Cayman) Inc. (NYSE:ZTO) is one of the 10 Best Asian Stocks with Huge Upside Potential. On May 20, 2026, Morgan Stanley raised the firm’s price target on ZTO Express (Cayman) Inc. (NYSE:ZTO) to $30.10 from $28.50 and maintained an Overweight rating on the shares. Morgan Stanley said it was raising forecasts for the […]
ZTO Express (Cayman) Inc. (NYSE:ZTO) is one of the 10 Best Asian Stocks with Huge Upside Potential. On May 20, 2026, Morgan Stanley raised the firm’s price target on ZTO Express (Cayman) Inc. (NYSE:ZTO) to $30.10 from $28.50 and maintained an Overweight rating on the shares. Morgan Stanley said it was raising forecasts for the […]
A proposed satellite joint venture between Airbus SE , Leonardo SpA and Thales SA is set to test the EU’s revamped merger framework, which aims to help create globally competitive European champions. The companies signed a preliminary agreement in October to create a European firm that could have the ability to compete with Elon Musk ’s SpaceX . But the alliance, dubbed Project Bromo, is leading t...
A proposed satellite joint venture between Airbus SE , Leonardo SpA and Thales SA is set to test the EU’s revamped merger framework, which aims to help create globally competitive European champions. The companies signed a preliminary agreement in October to create a European firm that could have the ability to compete with Elon Musk ’s SpaceX . But the alliance, dubbed Project Bromo, is leading to widespread worries among unions as well as suppliers. Labor unions in Germany are wary of France taking too much power while in France groups are worried about job cuts. French unions voiced concerns at a recent meeting that the country would have to deal with excess staffing and loss-making contracts, according to a person familiar with the negotiations. Fourteen unions from seven countries wrote a joint letter to the three CEOs of the venture in February, seeking assurances on job protection, preservation of sites and maintenance of current contractual terms. However, rivals in the space are starting to speak up over the potential risks to competition arising from the deal. “The basic proposition of the deal is fundamentally flawed,” Marco Fuchs , chief executive officer for German space and technology group OHB SE told Bloomberg. “Bromo is not a competitor to SpaceX. They operate in different segments of the value chain.” “Bromo’s market is Europe, and competitive effects will therefore be felt exclusively in Europe: on prices, on innovation pressure, and on the procurement choices available to government customers,” he said. The European Commission should “examine this deal with the utmost scrutiny.” The EU in April proposed plans that would ease the pathway for mergers, part of a push designed to create firms with the size to compete with US and Chinese rivals. The alliance — — to be based in Toulouse, France, and employ about 25,000 people from across companies — is seen as a key litmus test for Europe to consolidate its fragmented defense and space industries, in p...
tupungato HSBC upgraded Hyatt Hotels ( H ) to a Buy rating from Neutral. Notably, the firm sees Hyatt's ( H ) less-price-sensitive customer base providing potential upside to fee expectations and pointed to a favorable risk-reward profile for investors supported by a buyback program. Analyst Meredith Prichard Jensen said while Hyatt's ( H ) Investors Day fell short of being a transformative event,...
tupungato HSBC upgraded Hyatt Hotels ( H ) to a Buy rating from Neutral. Notably, the firm sees Hyatt's ( H ) less-price-sensitive customer base providing potential upside to fee expectations and pointed to a favorable risk-reward profile for investors supported by a buyback program. Analyst Meredith Prichard Jensen said while Hyatt's ( H ) Investors Day fell short of being a transformative event, the presentation and Q4 earnings report strengthened the firm's conviction in the durability of Hyatt's ( H ) growth algorithm and scalable premium model. "Specifically, we see a path for the company to deliver on an industry-leading net unit growth target, supported by a robust pipeline (40% of current supply) and whitespace opportunities across underpenetrated markets with better-than-expected momentum in conversion-led growth. We also think that the company's best-in-class loyalty program should continue to drive RevPAR premium, boost customer frequency and spend while lowering distribution costs for enhanced unit economics for owners," updated Jensen. HSBC boosted its 2026-2027 adjusted EBITDA forecast by 2.4% and lifted its price target to $212. More on Hyatt Hotels Hyatt Hotels Corporation (H) Presents at 2026 Baird Global Consumer, Technology & Services Conference Transcript Hyatt Hotels Corporation (H) Presents at 4th Annual Morgan Stanley Travel & Leisure Conference Transcript Hyatt Hotels Corporation (H) Analyst/Investor Day Transcript World Cup winners? Hotels, restaurants, media, and betting stocks, Deutsche Bank says These 10 large-cap consumer discretionary stocks are the least attractively valued based on valuation grades
AI computing demand is overwhelming everything! Taiwan Semiconductor (TSM.US) CEO declares, 'We see no sign of demand slowing down.' Wedbush strongly endorses a long-term bull market for chip stocks. 富途牛牛
AI computing demand is overwhelming everything! Taiwan Semiconductor (TSM.US) CEO declares, 'We see no sign of demand slowing down.' Wedbush strongly endorses a long-term bull market for chip stocks. 富途牛牛
After swapping out its lead autos analyst, JPMorgan Chase & Co. is decidedly less bearish on Tesla Inc. Following the bank’s recent move casting Rajat Gupta to take on car companies covered by Ryan Brinkman — long one of Wall Street’s most pessimistic analysts on Tesla shares — Gupta hiked JPMorgan’s price target to $475 and upgraded the stock to the equivalent of a hold. Brinkman had recommended ...
After swapping out its lead autos analyst, JPMorgan Chase & Co. is decidedly less bearish on Tesla Inc. Following the bank’s recent move casting Rajat Gupta to take on car companies covered by Ryan Brinkman — long one of Wall Street’s most pessimistic analysts on Tesla shares — Gupta hiked JPMorgan’s price target to $475 and upgraded the stock to the equivalent of a hold. Brinkman had recommended selling the stock since 2015 and was projecting the price would plunge to $145 by year-end. Gupta, who had worked under Brinkman, touted Tesla’s “unique advantage” of vertical integration that he said is “still somewhat under-appreciated and misunderstood” in a report published Friday. Brinkman is still with the bank, Bloomberg reported earlier this week. Being a Tesla bear can be difficult, given the gulf between the company’s fundamentals and its lofty stock price, which is propped up in part by a large contingent of vocal retail investors. Chief Executive Officer Elon Musk has built a devoted fan base with his promises of futuristic business lines like humanoid robots, and meanwhile been unsparing with analysts, even going so far as to deride “ boring, bonehead questions ” on earnings calls. In one of Brinkman’s last Tesla notes, reacting to the company’s first-quarter earnings, he wrote that the results and conference call commentary raised doubts about the company’s “seemingly ravenous appetite for capital spending.” Brinkman also cautioned the carmaker may face potential legal issues arising from Musk acknowledging that millions of vehicles billed as eventually being capable of operating autonomously lack the sufficient hardware. Tesla shares rose 0.4% as of 9:24 a.m. in New York, before the start of regular trading. The stock declined about 7% this year through Thursday’s close, trailing the 11% gain in the S&P 500 Index.
Abstract Aerial Art/DigitalVision via Getty Images My bullish thesis hasn't played out as I anticipated for MercadoLibre ( MELI ) so far. While the benchmark rallied 10% since my last piece , the Latin America heavyweight continued its downward momentum and posted a 22% decline over the same period. Of course, that's far from ideal. But, quite frankly, I am not too concerned. MELI: Stock Declined ...
Abstract Aerial Art/DigitalVision via Getty Images My bullish thesis hasn't played out as I anticipated for MercadoLibre ( MELI ) so far. While the benchmark rallied 10% since my last piece , the Latin America heavyweight continued its downward momentum and posted a 22% decline over the same period. Of course, that's far from ideal. But, quite frankly, I am not too concerned. MELI: Stock Declined 22% Since My Last Piece (Seeking Alpha) Why? Personally, I find a few things developing favorably for my bullish thesis. And on top of this, I don't think it's an expensive name. I know it may sound odd as MELI trades at 40x forward P/E . But I think it's all about the scale now. And future revenue growth is what matters the most, in my opinion. So, I have decided to maintain my rating here as Strong Buy. Here's why. Significant Revenue Growth Raises Confidence in Management That's very true, in my opinion. While the company struggled with bottom-line performance recently, I am in the camp it's all about revenue growth for MercadoLibre. And so far it has been crushing top-line estimates. MELI: Historical Earnings (Seeking Alpha) Now, about a month ago, MercadoLibre posted its Q1 2026 . And I'd love to have a deeper look here. MELI: Q1 (MercadoLibre Investor Relations) Now, to be honest, MercadoLibre operates on all cylinders. And that's something I liked the most about its earnings report. Now, it delivered a 42% growth on a year-over-year basis in gross merchandise value. That was $19 billion in the quarter. But it's not only its marketplace that's thriving. MELI highlighted an 87% surge in its credit portfolio on a YoY basis, too. And that tells me that demand for its fintech services remains strong. What I think could move the needle for the stock is continued UAB growth for the marketplace segment. Now, MercadoLibre has reached an all-time high result of active users at 84.1 million . And that's a 26% growth on a year-over-year basis. I don't think such performance is a...
Sundry Photography/iStock Editorial via Getty Images Ah, Marvell Technology, Inc. ( MRVL ), what a company. In fact, it could be the “ next trillion-dollar ” AI behemoth, according to Nvidia's CEO Jensen Huang. Now, I've been bullish on Marvell for a while now, especially after the April 2025 crash. I invested heavily in Marvell, making it one of my core portfolio positions, purchasing most of my ...
Sundry Photography/iStock Editorial via Getty Images Ah, Marvell Technology, Inc. ( MRVL ), what a company. In fact, it could be the “ next trillion-dollar ” AI behemoth, according to Nvidia's CEO Jensen Huang. Now, I've been bullish on Marvell for a while now, especially after the April 2025 crash. I invested heavily in Marvell, making it one of my core portfolio positions, purchasing most of my shares in the $45-$60 range. I also increased my Marvell position around the lows close to $60 in late August and early September 2025. While my entries were on point, I did exit early, granted after 100%+ gains. However, I did not anticipate anything like the immense rally we've just had. I knew Marvell had potential, but I did not envision the company skyrocketing by about 650% from its lows last year. MRVL 1-Year Chart MRVL (StockCharts) Heck, forget about last year. By the way, in my view, this is what the epitome of greed, FOMO, and hype looks like in a stock, which is why I am dropping my strong buy rating to a hold now for Marvell's stock. Marvell's stock has surged by a mind-numbing 385% in just the last few months alone. So, what happened? Why did Marvell spike like crazy? Well, in my view, the market finally figured out that due to Marvell's unique and highly efficient custom silicon, it is an integral part of the AI datacenter buildout process ecosystem. This dynamic was the crucial element I discussed in my previous Marvell article when the stock was below $65. Therefore, Marvell's earnings could continue increasing considerably, at least as long as the AI boom has steam. Furthermore, Jensen Huang's trillion-dollar comment added about $100 billion to Marvell's market cap. Nonetheless, despite these “bullish catalysts,” I believe the stock has gone too far in the near term. Technically speaking, Marvell has become extraordinarily overbought, and the stock now sports a very hefty valuation of about $270 billion. While it's not quite close to a trillion dollars yet...
The U.S. stock market just got another massive listing plan as Anthropic ( ANTHRO ) beat OpenAI ( OPENAI ) to the punch, confidentially filing for an IPO this week. Anthropic ( ANTHRO ) did not disclose the size or terms of its planned IPO. OpenAI ( OPENAI ) is expected to file its own IPO paperwork in the coming weeks, if not days. The listings would be a major test for the ongoing AI frenzy that...
The U.S. stock market just got another massive listing plan as Anthropic ( ANTHRO ) beat OpenAI ( OPENAI ) to the punch, confidentially filing for an IPO this week. Anthropic ( ANTHRO ) did not disclose the size or terms of its planned IPO. OpenAI ( OPENAI ) is expected to file its own IPO paperwork in the coming weeks, if not days. The listings would be a major test for the ongoing AI frenzy that rages on as companies keep spending billions to stay ahead. SA analyst APAC Research last month said OpenAI's ( OPENAI ) IPO would serve as a "critical barometer" for investor sentiment and the AI sector's valuation landscape. "If I were betting on which is the better company from the point of view of investing, I'd likely go with Anthropic ( ANTHRO )," they mentioned as a side note . Anthropic ( ANTHRO ), founded in 2021 by former OpenAI ( OPENAI ) researchers, has grown significantly in 2026. Its run-rate revenue topped $47B in May – a big jump from $30B earlier this year and ~$9B at the end of 2025. In contrast, OpenAI ( OPENAI ) crossed $25B in annualized revenue in February – up from $21.4B at the end of last year. While growth appears to be slowing, the company reached $1B in revenue within a year of ChatGPT's 2022 launch and is now generating $2B in revenue per month. Anthropic ( ANTHRO ) expects to achieve its first profitable quarter in Q2, but OpenAI's ( OPENAI ) internal estimates indicate it won't turn a profit until 2030. Their business approach has also been different – OpenAI ( OPENAI ) has long focused on mass adoption, though it is now shifting focus to business-oriented products, while Anthropic ( ANTHRO ) prioritizes enterprise contracts. "We're about to find out whether the market thinks AI is a consumer story or an enterprise story," Nate Elliott, an AI analyst at eMarketer, told Reuters . "Because while Claude has built a solid enterprise user base, it's just not competitive as a consumer AI platform." Still, both companies continue to attract billio...
Pgiam Franklin Resources ( BEN ) Western Asset Management unit agreed to pay $100M to settle the Securities and Exchange Commission's investigation into the practices of its former chief investment officer, Kenneth Leech, the SEC said Friday. In a practice known as cherry-picking, Leech allegedly allocated hundreds of millions of dollars in trades with net first-day gains to certain favored portfo...
Pgiam Franklin Resources ( BEN ) Western Asset Management unit agreed to pay $100M to settle the Securities and Exchange Commission's investigation into the practices of its former chief investment officer, Kenneth Leech, the SEC said Friday. In a practice known as cherry-picking, Leech allegedly allocated hundreds of millions of dollars in trades with net first-day gains to certain favored portfolios and hundreds of millions of dollars in trades with net realized and unrealized first-day losses to other portfolios, the SEC said. "Western Asset failed to take reasonable steps to detect and prevent this conduct by its former co-CIO," the settlement document said. "It was aware that Leech’s trading and allocation practices diverged from those of other portfolio managers at the firm." Bloomberg News had reported on Thursday that the firm was close to a settlement with the SEC. The $100M civil penalty will be deposited into a "Fair Fund," which will be distributed to affected investors in Wamc's Core and Core Plus portfolios, the SEC document said. Western Asset " agreed to the settlement as a business decision that it believes avoids the distraction of prolonged litigation and allows Western Asset to put this matter behind it and focus fully on its clients," Franklin Resources ( BEN ) said in a filing. "These outcomes end the investigations of Western Asset by the DOJ and the SEC." Franklin Resources ( BEN ) stock was little changed in premarket trading. More on Franklin Resources Franklin Resources: Turning The Corner Franklin Resources, Inc. (BEN) Q2 2026 Earnings Call Transcript Franklin Resources, Inc. 2026 Q2 - Results - Earnings Call Presentation Franklin Resources' Western Asset Management near $100M SEC deal - report
Here are the key takeaways from the US employment report for May, released Friday: Job growth topped all forecasts; nonfarm payrolls increased 172,000 and the unemployment rate held steady at 4.3% The participation rate — the share of the population that is working or looking for work — was unchanged at 61.8% Hiring was led by leisure and hospitality, which added 70,000 jobs, the most in more than...
Here are the key takeaways from the US employment report for May, released Friday: Job growth topped all forecasts; nonfarm payrolls increased 172,000 and the unemployment rate held steady at 4.3% The participation rate — the share of the population that is working or looking for work — was unchanged at 61.8% Hiring was led by leisure and hospitality, which added 70,000 jobs, the most in more than three years, while local government, healthcare and social assistance also fueled demand Nonresidential construction and the manufacturing sector added jobs, likely reflecting the AI boom Treasuries sold off, sending two-year yields up about 10 basis points to 4.14%. Traders boosted their expectations for a Fed rate hike, with markets fully pricing in a quarter-point increase by year-end Access the full live blog on the Terminal or online .
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler-Fayd’Herbe, Lombard Odier, EMEA CIO; Mohamed Farid Saleh, Egyptian Investment and Foreign Trade Minist...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler-Fayd’Herbe, Lombard Odier, EMEA CIO; Mohamed Farid Saleh, Egyptian Investment and Foreign Trade Minister; Roxane Farmanfarmaian, University of Cambridge Professor (Source: Bloomberg)
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini ...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini models to aid the updated voice assistant. And given the response to other AI assistants, such as OpenAI's ( OPENAI ) ChatGPT, Gemini, SpaceX's ( SPCX ) Grok, and others, Apple is likely to launch a stand-alone Siri app. The app, which has seen screenshots float around the web recently, may incorporate a paid tier, similar to those from ChatGPT and the other aforementioned generative AI assistants, The Wall Street Journal reported . Wedbush Securities analyst Dan Ives said the eventual monetization of Siri and AI could boost Apple's share price by another $75 to $100, and it is “not being factored into the current multiple.” Wedbush has an Outperform rating and a $400 price target on Apple. The updated Siri may also tap some of Nvidia's ( NVDA ) high-end GPUs via the partnership with Google. Goldman Sachs analyst Michael Ng said he expects the AI-enhanced Siri to include several features that were promised in 2024 (on-screen awareness, personal context) and new features that will drive demand. He is also expecting Siri to access other iOS apps, such as Messages, Calendar, Photos, and Notes, which Ng said will allow it “to provide more detailed, personalized answers to queries/prompts.” The new version of Siri is also likely to be able to choose between various model providers, such as OpenAI, Google, or Anthropic ( ANTHRO ), Ng said. “We view these new features as key demand drivers for the iPhone and other products, which should help extend the strong revenue momentum realized to-date (e.g., iPhone revenue +23% yoy in F1H26). In addition, Services should benefit from an ev...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini ...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini models to aid the updated voice assistant. And given the response to other AI assistants, such as OpenAI's ( OPENAI ) ChatGPT, Gemini, SpaceX's ( SPCX ) Grok, and others, Apple is likely to launch a stand-alone Siri app. The app, which has seen screenshots float around the web recently, may incorporate a paid tier, similar to those from ChatGPT and the other aforementioned generative AI assistants, The Wall Street Journal reported . Wedbush Securities analyst Dan Ives said the eventual monetization of Siri and AI could boost Apple's share price by another $75 to $100, and it is “not being factored into the current multiple.” Wedbush has an Outperform rating and a $400 price target on Apple. The updated Siri may also tap some of Nvidia's ( NVDA ) high-end GPUs via the partnership with Google. Goldman Sachs analyst Michael Ng said he expects the AI-enhanced Siri to include several features that were promised in 2024 (on-screen awareness, personal context) and new features that will drive demand. He is also expecting Siri to access other iOS apps, such as Messages, Calendar, Photos, and Notes, which Ng said will allow it “to provide more detailed, personalized answers to queries/prompts.” The new version of Siri is also likely to be able to choose between various model providers, such as OpenAI, Google, or Anthropic ( ANTHRO ), Ng said. “We view these new features as key demand drivers for the iPhone and other products, which should help extend the strong revenue momentum realized to-date (e.g., iPhone revenue +23% yoy in F1H26). In addition, Services should benefit from an ev...
laddawan punna/iStock via Getty Images Ticker Symbols Class A ALBAX Class C ALBCX Class Z AGIZX Click to enlarge Investment Strategy Primarily invests in growth equity securities of U.S. companies identified through our fundamental research as paying a high dividend yield, having a history of strong and consistent dividend growth, or having the potential for capital appreciation and the ability to...
laddawan punna/iStock via Getty Images Ticker Symbols Class A ALBAX Class C ALBCX Class Z AGIZX Click to enlarge Investment Strategy Primarily invests in growth equity securities of U.S. companies identified through our fundamental research as paying a high dividend yield, having a history of strong and consistent dividend growth, or having the potential for capital appreciation and the ability to return cash to investors. Seeks to provide capital appreciation and current income. Portfolio Management Gregory Adams, CFA Senior Vice President Portfolio Manager and Director of Quantitative & Risk Management 39 Years Investment Experience Benchmark S&P 500 Index Standardized performance is available on page 3. Highlights During the first quarter of 2026, the largest portfolio sector weightings were Information Technology and Financials. The largest sector overweight was Communication Services and the largest sector underweight was Industrials. The Information Technology and Consumer Discretionary sectors contributed to relative performance while Communication Services and were among sectors that detracted from relative performance. Market Environment U.S. equities endured a turbulent first quarter, with the S&P 500 Index declining 4.33% as two distinct forces converged to reshape the investment landscape. The period began with a sharp recalibration across the software industry, as the emergence of agentic artificial intelligence (AI) tools raised questions about the durability of traditional software business models. Investors moved swiftly to reprice companies most exposed to AI disruption, triggering a broad sell-off that weighed heavily on the technology-heavy corners of the market. The dislocation also spilled into private credit, where several firms with outsized exposure to software faced redemption pressures. Despite this turbulence, the underlying economy remained strong through the opening months of the year — consumers continued to spend, and expectations held...
AAOI is leaning into AI data-center upgrades, with 800G set to lead revenues and demand seen above capacity through mid-2027 as hyperscalers invest billions.
AAOI is leaning into AI data-center upgrades, with 800G set to lead revenues and demand seen above capacity through mid-2027 as hyperscalers invest billions.