The S&P 500 Index ($SPX ) (SPY ) today is up +0.84%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.28%. June E-mini S&P futures (ESM26 ) are up +0.80%, and June E-mini Nasdaq futures...

Earnings Call Insights: Moody's (MCO) Q1 2026 Management View "Q1 was a strong start to the year despite a volatile geopolitical backdrop" and "Moody's again delivered sustained revenue growth across both businesses and powerful operating leverage" (President, CEO & Director Robert Fauber). "Both MIS and MA grew revenues by 8%" and "disciplined cost management drove 150 basis points of adjusted operating margin to 53.2%"; management highlighted "adjusted diluted EPS of $4.33" and said it "returned $1.7 billion through buybacks and dividends" while "increased full year buyback guidance by $500 million to approximately $2.5 billion" (President, CEO & Director Fauber). On Ratings demand, management said "in the first quarter, rated issuance surpassed $2 trillion for the first time" and highlighted "private credit-related revenue in Ratings growing more than 80% year-over-year" (President, CEO & Director Fauber). On distribution into enterprise AI, management said "through Model Context Protocol integrations, Moody's licensed intelligence can now be accessed directly within enterprise AI environments such as ChatGPT Enterprise and Claude" and emphasized "these are bring-your-own license models" that "preserve our direct relationship with our customer" (President, CEO & Director Fauber). "I am absolutely thrilled that Christina Kosmowski will become Moody's Analytics CEO in June" and management thanked "Andy Frepp for stepping up to serve as the Interim President" (President, CEO & Director Fauber). "MA revenue increased 8% in the first quarter as reported or 6% on an organic constant currency basis" and "ARR ended Q1 at $3.6 billion, up 8% year-over-year" (Senior VP & CFO Noemie Heuland). Outlook "Looking ahead, our full year guidance remains unchanged across revenue, adjusted operating margin and adjusted diluted EPS" (Senior VP & CFO Heuland). "For the second quarter, we expect MIS revenue growth in the low to mid-teens with adjusted diluted EPS of approximately $4.15...

The new artificial intelligence-optimized project in Tulsa, Oklahoma will be the company’s first in the state and its 32nd globally.

Check out the companies making the biggest moves midday: Calix — The AI and cloud platform tumbled 16% after the company warned of margin headwinds for the year, overshadowing better-than-expected results for the first quarter. TE Connectivity — Shares of the electrical components maker shed 12% after the company's second-quarter guidance underwhelemed investors. TE sees earnings per share, adjusted, of $2.65 and revenue of $4.7 billion. Both figures are about in line with FactSet consensus figures. Sonoco Products — The maker of steel and aerosol cans dropped more than 15% after the company said it was targeting the low end of its full-year earnings guidance. Q1 earnings and revenue were also below expectations. Axe Compute — Shares skyrocketed more than 90% after Axe Compute secured a $260 million contract to develop Nvidia graphics processing units. AST Spacemobile — The stock jumped 5% after the company announced the Federal Communications Commission approved its plan to deliver direct-to-device cellular broadband. It will permit the company to operate up to 248 satellites in low Earth orbit. Healthcare Services Group — Shares of the houskeeping and dining services provider jumped 18% on better-than-expected first-quarter results. The company posted a profit of 37 cents per share on revenue of $462.8 million. Analysts polled by FactSet expected a profit of 22 cents per share on revenue of $460 million. Masco — The home improvement company's stock jumped 12% as improving demand, especially at its plumbing supplies business, led to a first-quarter beat. In the latest period, Masco earned $1.04 per share, excluding items, on sales of $1.92 billion, compared with the FactSet consensus estimate for a profit of 88 cents per share on revenue of $1.83 billion. United Airlines — Shares fell 6% after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $...

格隆汇4月23日｜微软(MSFT.O)：已使用CTI-REALM对Mythos模型进行评估，结果显示相较于先前模型有显著改进。

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Getty Images Real Estate Earnings Preview Hoya Capital Real estate earnings season kicks into gear this week, and over the next month, we'll see results from over 160 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. After another disappointing year in 2025 - the fourth straight year of underperformance versus major equity benchmarks - REITs have held onto their early-year momentum even amid the recent bout of geopolitical volatility tied to the Iran conflict. Sentiment has improved at the margin, underscored by the successful Janus Living IPO and a pair of pending REIT listings - an encouraging shift following the near-complete halt in public real estate IPO activity throughout 2025. Meanwhile, a growing number of REITs have pursued asset sales - either sizable portfolio dispositions or outright company sales - taking advantage of the still-wide valuation premium offered in private markets. Over the past quarter and into early 2026, the Equity REIT Index has solidly outpaced the S&P 500, though REITs still face a steep climb to close the roughly 60-percentage-point cumulative underperformance gap built up over the past four years. Performance leadership since the start of last earnings season has shifted back toward growth and consumer-sensitive property types, with Data Center, Retail, and Hotel REITs among the strongest performers, while Residential has lagged and Office remains more mixed despite a recent rebound. Hoya Capital In this report, we focus specifically on property-level fundamentals, previewing and forecasting REIT earnings performance based on an analysis of recent indicators across various sources. Notable favorable "green shoots" gleaned from recent data: Notable favorable “green shoots” from recent data include: 1) Resilient travel demand continues supporting hotel fundamentals despite still-soft consumer sentiment; 2) Healthcare real estate strength, particularly senior housing and skilled nursing, is fueling IPO and M&A...

美国总统特朗普当地时间周二突然宣布延长停火期后，美伊双方新一轮谈判的前景仍不明朗。 特朗普和斡旋方巴基斯坦传出未来几天可能重启谈判的信号，但伊朗随后否认周五可能举行谈判的消息。伊朗议会议长卡利巴夫重申停火的一项重要条件——撤除海上封锁，并警告，若美方严重违反停火协议，就不可能重新开放霍尔木兹海峡的航运。 据伊朗官方媒体报道，伊朗对巴基斯坦提出的延长停火请求做出回应，伊朗武装部队已经全面戒备，随时准备做出果断回应。 以下是央视和新华社的相关报道。 伊朗议长：取消海上封锁 全面停火才有意义 伊朗伊斯兰议会议长卡利巴夫22日在社交媒体上说，只有在不以海上封锁和“劫持”世界经济为前提、且以色列在各条战线停战的情况下，全面停火才有意义。 卡利巴夫还表示，若严重违反停火协议，重新开放霍尔木兹海峡是不可能的。 伊朗政府当天对美国提出延长与伊朗停火期限未作直接回应。 美国总统特朗普21日在社交媒体发表声明说，将延长同伊朗的停火期限，直至伊朗方面提交其方案并完成相关磋商。他同时指示美军继续对伊朗实施海上封锁并保持战备状态。 来源：新华社 伊朗否认举行美伊新谈判，指特朗普“又说谎了” 针对美国总统特朗普22日有关美伊可能在24日举行新一轮谈判的言论，伊朗方面称，特朗普“又说谎了”，伊朗目前尚未决定在24日参加谈判。 伊朗方面称，特朗普在“矛盾言论”中表示，第二轮与伊朗的会谈可能就在24日举行。然而，到目前为止，伊朗没有改变不参加谈判的计划。伊朗政府尚未就延长停火时间声明官方立场。 据美国方面22日消息，特朗普称未来36至72小时内“可能”与伊朗举行和平谈判。巴基斯坦的消息人士称巴方与伊方之间的斡旋努力取得积极进展，这重新燃起了在未来“36至72小时内”举行更多和平谈判的可能性。对此，特朗普通过短信回复美国一媒体的求证说：“有可能！” 来源：央视新闻 美媒称特朗普再给伊朗3至5天停火时间 据新华社华盛顿4月22日电 美国阿克西奥斯新闻网站22日援引一名美方消息人士的话报道，美国总统特朗普愿意再给伊朗3至5天停火时间，但“这不会是无限期的”。 来源： 新华社 特朗普称最快周五或重启美伊新一轮和谈 当地时间22日，美国总统特朗普表示，美伊新一轮和平谈判“最早可能在周五”取得进展。巴基斯坦方面消息称，在其斡旋下，未来36至72小时内重启谈判的可能性正在上升。 白宫及伊朗官方暂未回应 。 来源：...

Winner of six grand slams is changing her strategy after a run of poor results, helped by time in Spain with Rafael Nadal Iga Swiatek had little interest in tennis as a teenager, but the one exception was Rafael Nadal. She spent her formative years idolising the Spaniard, who won 22 majors and, from afar, soon became one of his most avid students. His influence is evident in the heavy topspin the Pole generates with her forehand, still a singular weapon on the women’s tour, proof of the intensity she demands of herself on every point and her four French Open titles earned by the time she was barely 23. Continue reading...

Getty Images Thesis The main idea of this article is to provide investors with an overview of ETFs with majority exposure to US Treasuries and/or securities that are backed by the US Government, listed by their respective durations. We want to give investors and our readers a quick handbook regarding their investment view/need on duration exposure. We are perfectly aware that the reasons for investing in this kind of product can vary from income generation, portfolio protection, or asset-liability management ( ALM ), and that there is no one-size-fits-all approach. However, in this article, when providing our recommendation, we will ignore possible ALM needs and focus only on investors with income generation and portfolio protection strategies in mind. In the next part of the article, we will provide you with the list of ETFs with an overview of stated exposures, our view of the duration bucket, and finally any specifics about the ETF itself. The list This is the most straightforward part of the article, with the list of ETFs with main exposure to US Treasuries and/or US Government-backed securities. Please note that only the Vanguard Total Bond Market Index Fund ETF ( BND ) and the JPMorgan Active Bond ETF ( JBND ) have relevant exposure other than direct Treasuries. ETFs with main exposure to US Treasuries and/or US Government-backed securities (Respective ETF webpage, Valuation Rewind) Also, we note the ongoing annual gross fees that the ETF providers charge. Please note that ETF performance is shown net of fees, but we want you to be aware of the differences in fees. The next part of the article is our overview of duration buckets. Overview of duration buckets In general, we would advise investors to remain underweight in the long and ultra-long part of the duration. Please note that our view completely excludes the current war in the Middle East, meaning that any kind of deal would not affect our view in general, but prolonged conflict would strengthen our case...

格隆汇4月23日｜五角大楼已通知国会，彻底清除伊朗军方在霍尔木兹海峡布设的水雷可能需要6个月时间，而且任何此类行动在美国与伊朗的战争结束前都不太可能进行。这一评估意味着冲突的经济影响可能会延续到今年晚些时候或更久。据透露，一名国防部高级官员周二在向众议院军事委员会成员举行的机密简报会上分享了这个此前未被报道过的估计时间。其中两位人士表示，这一时间表令民主党和共和党人都感到沮丧，这或许是最明确的信号，表明即使在达成任何和平协议之后，汽油和石油价格仍可能长期保持高位。除了经济影响之外，这样的结果也可能对美国国内政治，尤其是对共和党人，产生重大影响，因为11月的中期选举日益临近。议员们被告知，伊朗可能在霍尔木兹海峡及其周边地区布设了20枚或更多的水雷。其中一些水雷是使用GPS技术远程布设的，这使得美军难以探测到正在布设的水雷。据信，其他水雷是由伊朗军队使用小型船只布设的。白宫和五角大楼周三均未回应有关军方关于扫雷可能需要多长时间的评估的提问。美国中央司令部拒绝置评。

格隆汇4月23日｜美债收益率上升，2年期收益率上升2.3个基点至3.802%；10年期收益率上涨1个基点至4.302%。

Source: Bloomberg, 22:10

Here's a look at four hot AI stocks you might not have heard of, plus whether they might make good investments.

Bullish (BLSH) operates a crypto exchange and owns CoinDesk, a well-known platform covering crypto news, data and events. The company is primarily focused on serving institutional investors, placing it at the intersection of several key market segments. Thus, BLSH can be categorized as a software company, a crypto-native business, or even a financial services firm. That multisector exposure is notable. If the current market rally is going to persist, it is likely that strength will need to be broad-based, with participation across multiple sectors and asset classes. In that context, BLSH stands out as a name that could benefit from continued momentum across all three areas. From a technical perspective, the stock has been working to recover from a prolonged and steep downtrend that began shortly after its IPO peak in August 2025 and extended through February of this year. During that stretch, BLSH declined roughly 80%, reflecting both company-specific pressures and broader weakness in crypto-related equities. However, the price action since then has been notably constructive. Over the past 10 weeks, the stock has rallied approximately 70%, signaling a meaningful shift in momentum. While that rebound is significant, it's important to keep it in perspective. Even after this advance, BLSH would still need to climb roughly 170% from current levels to retest its prior high near 118. For that type of recovery to unfold, the stock will likely need to build and confirm a series of bullish continuation patterns along the way. Encouragingly, that process appears to be underway. Most recently, BLSH has formed what looks to be a cup-and-handle pattern, a classic bullish continuation setup. The stock has spent the past week attempting to break out above this structure, and with price now holding above the breakout zone, the pattern projects an initial upside target just below the 58 area. That target also aligns closely with the 38.2% Fibonacci retracement of the entire decline,...

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Virginia Redistricting Rout Deals Major Blow To House Republicans Democrats’ decisive win in Virginia Tuesday night has dealt a significant blow to Republican hopes of retaining control of the House. By persuading voters to dismantle the state's independent redistricting commission - created just six years ago - Democrats wiped out four Republican-held congressional districts . This means Virginia's House delegation is now on track to shift to a 10-to-1 Democratic advantage, a dramatic reversal for a state that remained firmly in GOP hands not long ago. That said, Democrats dropped $65 million on the races (though the final tally was uncomfortably close), while Punchbowl reports that Republicans are trading blame internally - second-guessing whether they let a chance slip away to blunt the Democratic surge. And with midterms right around the corner, there are few indications that President Trump or House Republican leadership possesses either the strategic focus or message discipline needed to protect their narrow majority. Fresh off Trump's 2024 presidential win, Republicans, led by Speaker Mike Johnson, clung to control by the slimmest of margins. Pulling off a repeat performance now looks considerably tougher. Betting markets are already pricing in a Democratic win in the House. Will the Democratic Party control the House after the 2026 Midterm elections? Yes 85% · No 16% View full market & trade on Polymarket While party leaders insist a third Trump impeachment is off the table, the shift would almost certainly unleash a barrage of investigations and subpoenas aimed at the White House and Cabinet agencies - with major legal and political ripple effects. Lawmakers could also face even more protracted government shutdowns than the record-length appropriations lapses seen in the current Congress. "I told Mike Johnson in July of last year that, 'If you go down this road, it's not going to work out for you,'" Jeffries told Punchbowl Tuesday night. He added: "And at t...

hapabapa Roth Capital started off coverage on CAVA Group ( CAVA ) with a Buy rating and price target of $106. Analyst JP Wollam and his team think there is even more upside for the restaurant stock after the healthy 2026 outlook set up a rally. Wollam noted that the guidance was better than fast-casual peers and may be on the conservative side. "We think guidance that implies a meaningful deceleration following 1Q may be conservative given multi-year stacked traffic trends and protein innovation, loyalty, and throughput initiatives in the remainder of the year," he noted. "Additionally, our cohort analysis rebuts the view that comp growth is increasingly dependent on new unit openings, as the outlook points to mature units (>3 years) comping over 5% in 2026," he added. Notably, CAVA's ( CAVA ) brand is seen compounding ahead of its physical footprint, which gave Roth Capital confidence to model nearly 1,000 units for 2030 and almost $500M of EBITDA annually. Working backwards, the firm assigned a one-year price target of $106 on CAVA but envisions a share price of $137 in three years by utilizing a 32X multiple that reflects further whitespace. The Wall Street analyst scorecard on CAVA Group ( CAVA ) shows 16 Buy-equivalent ratings stacking up against 12 Hold-equivalent ratings and 1 Sell-equivalent rating. Shares of CAVA ( CAVA ) were down 0.3% in Wednesday afternoon trading. The restaurant stock is up more than 60% on a year-to-date basis. More on CAVA Group CAVA: Expansion Plans Justify Valuation CAVA: Stock Jumps For No Good Reason (Rating Downgrade) CAVA Group: Hard To Be Bullish With The Little Growth (Rating Downgrade) Bulls and bears hash it out on CAVA Group ahead of earnings CAVA soars after earnings and lifts some fast-casual peers

Spotify ( SPOT ) received an upgrade to Buy from Kenio Fontes, who points to improved margins and operating leverage as key drivers, while Apple ( AAPL ) was upgraded to Hold by YR Research amid Tim Cook’s planned departure and strong near-term guidance. On the downgrade side, PayPal ( PYPL ) has been reduced to a Cautious Hold by Gytis Zizys following persistent underperformance, and Micron ( MU ) faces a Trim recommendation from Tech Stock Pros due to concerns over DRAM pricing and margin pressures in the upcoming quarter. Upgrades Apple ( AAPL ): Upgrade to Hold by YR Research . The analyst upgrades Apple as Tim Cook prepares to step down in September, noting that while Q2 guidance calls for 13%-16% revenue growth, the stock’s premium valuation already reflects its competitive moat, limiting future upside without a new growth catalyst. “The two most significant factors to monitor in earnings will be commentary about Tim Cook's decision and guidance for Q3, which should bake in Mac Neo, memory prices, and much tougher iPhone comps. The next quarter, and not this one, is going to really tell the story about Apple's near-term prospects.” Spotify Technology ( SPOT ): Upgrade Hold to Buy by Kenio Fontes . The analyst raises the rating due to Spotify’s significant margin expansion and strong user growth, which have created a higher margin of safety for investors as the company evolves beyond a music streaming platform. “Now in the assumptions for 2028 and beyond, it becomes much easier to envision a company that continues to deliver a higher gross margin (potentially above 35% eventually), and an operating margin gradually advancing, reaching for example 20% in a more mature stage.” Downgrades PayPal Holdings ( PYPL ): Downgrade to Cautious Hold by Gytis Zizys . The analyst has significantly reduced their position in PayPal, citing its persistent underperformance in their portfolio, though they retain a small stake to monitor the new CEO’s turnaround efforts. “Overall,...

SA analyst upgrades/downgrades: AAPL, SPOT, MU, PYPL Seeking Alpha

POET Stock Jumps on AI Buzz. Nvidia, Marvell Connections in Focus

Pizza Pizza Royalty ( PZA:CA ) declares CAD 0.0775/share monthly dividend , in line with previous. Payable May 15; for shareholders of record April 30; ex-div April 30. See PZA:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Pizza Pizza Royalty Pizza Pizza Royalty Corp. (PZA:CA) Q4 2025 Earnings Call Transcript Pizza Pizza Royalty: I'm Not Taking A Bite At Current Valuations Historical earnings data for Pizza Pizza Royalty Dividend scorecard for Pizza Pizza Royalty Financial information for Pizza Pizza Royalty