Cidmart/iStock via Getty Images Introduction Signify ( PHPPY ) has been a pretty volatile stock in the past year as its share price has been known to lose 20% and gain 20% in relatively short periods of time. Subsequent to the publication of the 2025 results the share price came under severe pressure again as the bottom line result was not as good as anticipated. On top of that, it sounded like 20...
Cidmart/iStock via Getty Images Introduction Signify ( PHPPY ) has been a pretty volatile stock in the past year as its share price has been known to lose 20% and gain 20% in relatively short periods of time. Subsequent to the publication of the 2025 results the share price came under severe pressure again as the bottom line result was not as good as anticipated. On top of that, it sounded like 2026 would be another difficult year for this leader in LED lighting . I originally invested in Signify based on its free cash flow profile rather than its bottom line earnings results and for now I'm sticking to my position in anticipation of a better performance in 2027. Yahoo Finance The company's main listing ( ticker symbol LIGHT ) on Euronext Amsterdam is much more liquid, with approximately 1 million shares traded on a daily basis. I will use the Euro as base currency throughout this article. The cash flows remain very strong, and that’s a key element for me Before discussing my expectations for 2026 and 2027 I wanted to take a step back and use the 2025 results to explain how invite companies free cash flow result is stronger than its net income result. This is an integral part of my investment thesis. Whereas the Consumer business grew everywhere except in China, the Professional division was growing in the USA but decreased in Europe . The real underlying issue was the OEM segment where volume reductions happened hand in hand with pricing pressure (resulting in Signify’s margins getting hammered ). Meanwhile, the over the counter sales(and conventional sales) decreased as well, but this was generally expected. In fact, going forward, I am assuming the sale of conventional lighting will decrease towards zero in the next half decade as these orders are mainly to replace older lightbulbs in fixtures the owner doesn’t want to replace yet. Those fixtures will eventually all be replaced by LED lighting, reducing the need for conventional light ‘bulbs’. The revenue decreas...
Richard Drury/DigitalVision via Getty Images By James Picerno Stock market corrections may look similar from a top-down perspective of falling prices, but different factors can trigger corrections and bear markets at different times. High market valuation is a possible warning lately, but a markets-based estimate suggests risk is lower than an accounting-based review of equities indicates. There a...
Richard Drury/DigitalVision via Getty Images By James Picerno Stock market corrections may look similar from a top-down perspective of falling prices, but different factors can trigger corrections and bear markets at different times. High market valuation is a possible warning lately, but a markets-based estimate suggests risk is lower than an accounting-based review of equities indicates. There are multiple ways to measure valuation for stocks, and so, conflicting signals are possible - if not likely - at times. Current conditions highlight the divergence. Consider the Shiller PE Ratio, a widely followed measure of market valuation. The Cyclically Adjusted Price-Earnings Ratio (CAPE) is lofty and close to its highest level in decades, based on the April estimate from Professor Robert Shiller’s data. On that basis, stocks look substantially overvalued. By contrast, TMC Research’s Excess Return Oscillator (ERO) for the S&P 500 suggests that the market remains in a “normal” range, as indicated by the gray zone in the top chart below. (Our previous ERO update was published in January .) The sharp difference between the two indicators can be explained by methodology. Whereas CAPE reflects the S&P 500’s price relative to the average of real (inflation-adjusted) earnings over a rolling 10-year window, ERO compares the S&P’s rolling 5-year return to its rolling 5-year median, with results reframed as z-scores indicating how many standard deviations returns are above or below the average on a rolling 5-year basis. Each valuation estimate has a distinct set of pros and cons, although both share the standard caveat that neither metric can reliably predict the market’s future performance, especially in the short term. That said, ERO’s long-term history suggests that when the indicator moves toward or exceeds a +1 reading, the odds rise for a relatively significant near-term top. ERO’s current reading reflects market conditions in a “normal” range. That doesn’t mean market risk...
Zilliz, the creator of Milvus — the world's most widely adopted open-source vector database with over 43,000 GitHub stars and more than 10,000 enterprise deployments — has been recognized as a 'Stars Company' in the Vector Database market on MarketsandMarkets' 360Quadrants platform.
Zilliz, the creator of Milvus — the world's most widely adopted open-source vector database with over 43,000 GitHub stars and more than 10,000 enterprise deployments — has been recognized as a 'Stars Company' in the Vector Database market on MarketsandMarkets' 360Quadrants platform.
If you're planning on working while collecting Social Security retirement benefits, you must be aware of the rules. Unfortunately, these rules may be more complicated than you think -- and there's actually a hidden catch that could cause you to lose some of your retirement money when you may not expect it. Here's what you need to know. Image source: Getty Images. Continue reading
If you're planning on working while collecting Social Security retirement benefits, you must be aware of the rules. Unfortunately, these rules may be more complicated than you think -- and there's actually a hidden catch that could cause you to lose some of your retirement money when you may not expect it. Here's what you need to know. Image source: Getty Images. Continue reading
Donald Leng/iStock Editorial via Getty Images Peru’s defense minister, Carlos Diaz, stepped down on Wednesday after the interim government decided to defer a planned acquisition of F-16 fighter jets from the United States. Interim President Jose Balcazar, whose term ends in July, said the decision on the aircraft purchase would be left to the next administration rather than finalized during the fi...
Donald Leng/iStock Editorial via Getty Images Peru’s defense minister, Carlos Diaz, stepped down on Wednesday after the interim government decided to defer a planned acquisition of F-16 fighter jets from the United States. Interim President Jose Balcazar, whose term ends in July, said the decision on the aircraft purchase would be left to the next administration rather than finalized during the final months of his tenure. Peru has spent several years evaluating options to replace and modernize its aging air force fleet, which includes Mirage 2000 and MiG-29 aircraft obtained during the 1980s and 1990s. The country ultimately aims to buy 24 new fighter jets, with an initial order expected to cover 12 aircraft. Lockheed Martin ( LMT ) is among the companies competing for the contract. In September of last year, the U.S. State Department approved a potential sale of F-16 aircraft and related equipment to Peru, with Lockheed Martin ( LMT ) as the lead contractor and support from General Electric Aerospace ( GE ) and RTX Corp. ( RTX ) U.S. officials then estimated the package at $3.42 billion. According to local media reports, Balcazar called off a signing ceremony for the Lockheed Martin ( LMT ) deal on April 17 only hours before it was due to begin. Reports said the president was concerned about binding the incoming government to a major long-term defense commitment. Authorities have not publicly confirmed that a signing event had been scheduled. Diaz, who had served as defense minister since March 17, had been expected to testify before Congress’s Defense Committee regarding the delayed agreement. More on Lockheed Martin Lockheed Martin: Strong Franchise, Limited Upside At Current Valuation Why Lockheed Martin Is Heading To $843: A Deep Dive Into Its Financial Health The Shahed Drone War Is Creating A Missile Defense Supercycle For Lockheed Martin Navy turns to Patriot missiles for ship defense in boost for Lockheed Pentagon details Trump’s $1.5T defense plan; focus o...
Weatherford International ( WFRD ) declares $0.275/share quarterly dividend , in line with previous. Forward yield 1.06% Payable June 4; for shareholders of record May 6; ex-div May 6. See WFRD Dividend Scorecard, Yield Chart, & Dividend Growth. More on Weatherford International Weatherford: Out Too Early Given The 2026 Macro Weatherford International plc (WFRD) Q4 2025 Earnings Call Transcript We...
Weatherford International ( WFRD ) declares $0.275/share quarterly dividend , in line with previous. Forward yield 1.06% Payable June 4; for shareholders of record May 6; ex-div May 6. See WFRD Dividend Scorecard, Yield Chart, & Dividend Growth. More on Weatherford International Weatherford: Out Too Early Given The 2026 Macro Weatherford International plc (WFRD) Q4 2025 Earnings Call Transcript Weatherford International plc 2025 Q4 - Results - Earnings Call Presentation Weatherford International GAAP EPS of $1.49, revenue of $1.15M Weatherford International Q1 2026 Earnings Preview
Zerbor/iStock via Getty Images Intuitive Surgical ( ISRG ) added ~7%, on track to what could be its biggest intraday gain since October, as Wall Street cheered the company's decision to hike its 2026 outlook after reporting better-than- expected Q1 results. Financials The maker of da Vinci Surgical Systems reported $2.50 of adjusted earnings per share for the quarter on $2.8B in revenue, which ind...
Zerbor/iStock via Getty Images Intuitive Surgical ( ISRG ) added ~7%, on track to what could be its biggest intraday gain since October, as Wall Street cheered the company's decision to hike its 2026 outlook after reporting better-than- expected Q1 results. Financials The maker of da Vinci Surgical Systems reported $2.50 of adjusted earnings per share for the quarter on $2.8B in revenue, which indicated a ~23% YoY rise, exceeding the consensus by $0.39 and $150M, respectively. Its instruments and accessories unit drove the top-line beat, adding $1.7B in revenue with ~23% YoY growth compared to $1.6B in the consensus, according to Bloomberg data. Meanwhile, its systems revenue jumped ~24% YoY to $650.7M, exceeding $602.7M in the consensus. The Sunnyvale, California-based MedTech’s non-GAAP gross profit margin improved to ~68% during the quarter compared to ~66% in the prior-year period, while its non-GAAP net income rose ~36% YoY to $901M. Looking ahead, the company projected its full-year da Vinci procedures to grow 13.5% YoY - 15.5% YoY globally and adjusted gross margin to reach 67.5% - 68.5%, compared to 13% YoY - 15% YoY and 67% - 68% in the prior forecasts, respectively. Analyst reaction According to Bloomberg, Citi analyst Joanne Wuensch, with a Buy recommendation and a $590 per share target on ISRG, wrote that the company “delivered 1Q26 revenue and earnings that beat estimates." Jefferies analyst Matthew Taylor, who has a Buy rating on the stock, agreed. The guidance hike was driven by “solid utilization and procedure trends," Taylor added, adjusting his price target on ISRG to $515 from $560 per share. Meanwhile, despite the company’s consensus-beating results, Seeking Alpha analyst StockBros Research issued a Hold rating on the stock, citing concerns over its valuation. “I think there are other high-quality stocks out there that have better valuations relative to their growth potential,” the analyst added. More on Intuitive Surgical Intuitive Surgical Q1 E...
There’s been a lot of talk about how ETFs are slowly cannibalizing the mutual fund industry. In some cases, it’s happening through outright conversions. In others, it’s happening through ETF share classes becoming more common in 2026. But one area that has remained surprisingly resilient is money market mutual funds. These funds invest in ultra short-term, ... Tired of money market funds? Check ou...
There’s been a lot of talk about how ETFs are slowly cannibalizing the mutual fund industry. In some cases, it’s happening through outright conversions. In others, it’s happening through ETF share classes becoming more common in 2026. But one area that has remained surprisingly resilient is money market mutual funds. These funds invest in ultra short-term, ... Tired of money market funds? Check out this weekly paying low-risk ETF
Sunoco LP ( SUN ) declares $0.9899/share quarterly dividend , 6.2% increase from prior dividend of $0.9317. Forward yield 6.07% Payable May 20; for shareholders of record May 8; ex-div May 8. See SUN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Sunoco LP I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Sunoco: Set For Distribution Growth Despite IDR Headwinds Sunoco ...
Sunoco LP ( SUN ) declares $0.9899/share quarterly dividend , 6.2% increase from prior dividend of $0.9317. Forward yield 6.07% Payable May 20; for shareholders of record May 8; ex-div May 8. See SUN Dividend Scorecard, Yield Chart, & Dividend Growth. More on Sunoco LP I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Sunoco: Set For Distribution Growth Despite IDR Headwinds Sunoco After Earnings: New All-Time Highs Within Reach (Upgrade) Sunoco prices upsized $1.2B senior notes Sunoco LP to offer $1 billion in senior notes due 2031 and 2034
Target is starting to look like a recovery story just as the macro backdrop may be turning more favorable for the consumer discretionary sector. Yesterday's March PPI report showed producer inflation rising far less than expected with pressure driven heavily by energy, while services were unchanged and core goods ex-food and energy rose just 0.2%. That matters because it suggests the inflation sho...
Target is starting to look like a recovery story just as the macro backdrop may be turning more favorable for the consumer discretionary sector. Yesterday's March PPI report showed producer inflation rising far less than expected with pressure driven heavily by energy, while services were unchanged and core goods ex-food and energy rose just 0.2%. That matters because it suggests the inflation shock hitting markets is more about oil than a broad-based reacceleration in underlying inflation. For retailers like Target, that distinction is important. If geopolitical tensions continue to ease and crude remains below its recent war spike, the market can begin to price in a better environment for freight, supply chain costs, and consumer purchasing power. That would be a meaningful shift from the stagflation fears that have pressured discretionary spending over the past several weeks. That is where Target becomes interesting. The stock is already showing improving relative strength, and management has outlined a 2026 plan built around sales stabilization and margin recovery. With the shares trading roughly in line with the defensive peer group despite better-than-industry margins, the setup looks attractive if the consumer backdrop simply stops getting worse. Trade timing & outlook Target has been building a constructive recovery as investors begin to price in a better second half of 2026. The stock has outperformed the S & P 500 by over 18.5% the past three months, while the stock itself is up, signaling improving institutional accumulation. The key takeaway is that this no longer looks like a broken chart. It looks like a stock that has already absorbed a multi-quarter revenue slowdown and is now beginning to stabilize as expectations reset higher. Fundamentals Target's valuation looks reasonable for a retailer entering a potential margin recovery phase: Forward P/E: ~15.2x vs. industry ~15.2x Expected EPS growth: ~7.0% vs. industry ~9.1% Expected revenue growth: ~2.5% ...
Soybeans prices are 1 to 4 cents so far on Wednesday. Futures were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. Open interest was down 2,142 contracts on Tuesday, mostly in the front months,...
Soybeans prices are 1 to 4 cents so far on Wednesday. Futures were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. Open interest was down 2,142 contracts on Tuesday, mostly in the front months,...
The Strait of Hormuz stayed at a near standstill Wednesday as Iranian forces opened fire on — and seized — commercial ships. State television reported that the Islamic Revolutionary Guard Corps seized the MSC Francesca and the Epaminondas , accusing them of attempting to secretly exit the strait. The Wall Street Journal reported that a third was also attacked. Meanwhile, at least two Iranian super...
The Strait of Hormuz stayed at a near standstill Wednesday as Iranian forces opened fire on — and seized — commercial ships. State television reported that the Islamic Revolutionary Guard Corps seized the MSC Francesca and the Epaminondas , accusing them of attempting to secretly exit the strait. The Wall Street Journal reported that a third was also attacked. Meanwhile, at least two Iranian supertankers tested a US blockade that Tehran says impedes peace talks. Just one liquefied petroleum gas carrier with Iranian ties completed an outbound journey earlier in the day, according to ship tracking data compiled by Bloomberg. Inbound traffic remained equally thin. Analytics firm Vortexa reported that Iran had moved its own oil supertankers , the Hero II and Hedy , into the Arabian Sea, an area where the US has sought to enforce a blockade on Iranian shipping. Meanwhile, the US Navy demonstrated its reach by seizing an Iran-linked cargo ship and boarding a sanctioned oil tanker near Sri Lanka. Even as tensions persist, President Donald Trump has moved to extend the ceasefire , signaling restraint despite stalled negotiations and continued friction at sea. The vessels transiting Hormuz with active Automatic Identification System signals during the past day were confined to a narrow northern lane near the Iranian islands of Larak and Qeshm, the route approved by Tehran. The blockades may encourage ships to switch off their tracking signals to avoid detection, making it harder to get an accurate picture of what’s going through. This means transit figures will sometimes be revised higher, when vessels pop up far way from the riskiest waters. NOTES: Because vessels can move without transmitting their location until they’re well away from Hormuz, automated positioning signals were compiled over a large area covering the Gulf of Oman, the Arabian Sea and the Red Sea to detect those that may have departed or entered the Persian Gulf. When potential transits are identified, sign...