Infosys Ltd. forecast sales growth for this year below analysts’ estimates, as global enterprises curtail spending on large information technology projects to prepare for geopolitical and economic challenges. Revenue will grow 1.5% to 3.5% in the fiscal year through March 2027 on a constant currency basis, India’s second-largest outsourcer said Thursday in a statement. Analysts are forecasting 4.9...
Infosys Ltd. forecast sales growth for this year below analysts’ estimates, as global enterprises curtail spending on large information technology projects to prepare for geopolitical and economic challenges. Revenue will grow 1.5% to 3.5% in the fiscal year through March 2027 on a constant currency basis, India’s second-largest outsourcer said Thursday in a statement. Analysts are forecasting 4.9%. India’s $315 billion tech industry, led by Infosys and rival Tata Consultancy Services Ltd. , is trying to retain growth in the face of geopolitical tumult and elevated inflation due to energy disruptions tied to the Iran war. Artificial intelligence competitors are a further challenge, promising to perform many of the tasks now handled by professionals such as software developers. Yet, Infosys has also sought to capitalize on the rapid progress of AI. The company has embedded the technology into its offerings in a bid to curb costs and convince corporations to maintain or enhance their IT budgets. Larger rival TCS is already reshaping its business model to capitalize on AI. It’s partnered with OpenAI to build AI data centers in India, and now its nearing more such deals with other tech giants. Infosys said its net income rose 21% to 85 billion rupees ($903 million) for the fourth quarter through March 2026. Analysts estimated 75 billion rupees on average. Revenue climbed 13% to 464 billion rupees, helped by a decline in the Indian rupee versus the dollar and euro. Infosys also forecast an operating margin of 20% to 22% for this year. What Bloomberg Intelligence Says Infosys’ position as the second-largest pure-play offshore IT services provider should enable it to navigate a challenging macroeconomic environment, as it remains well placed to benefit from vendor consolidation and a shift of more non-core work to low-cost locations. A shortage of skilled talent in developed markets and rupee weakness also should drive steady offshore IT-services growth. - Anurag Rana , an...
matejmo/iStock via Getty Images Discovery Silver: Big Upside Ahead Data by YCharts It's never easy for me to recommend a stock that has tripled in a short period of time, but that's the case here with Discovery Silver Corp. ( DSVSF ). While I wish I had bought the stock a year ago and recommended it to readers, I still think it's a buy at current levels. You're not buying into past performance. Yo...
matejmo/iStock via Getty Images Discovery Silver: Big Upside Ahead Data by YCharts It's never easy for me to recommend a stock that has tripled in a short period of time, but that's the case here with Discovery Silver Corp. ( DSVSF ). While I wish I had bought the stock a year ago and recommended it to readers, I still think it's a buy at current levels. You're not buying into past performance. You're buying into the current company and what this company could look like three to five years from now. And I feel the future opportunity is truly massive. Discovery Silver Today, Discovery is producing roughly 234,000 ounces of gold per year out of three operating mines inside the Porcupine Complex near Timmins, Ontario. This is a great base to build off of, but it's not the sole reason to buy the stock here. You're buying the stock for what's likely to come, and that's up to 750,000 ounces of annual gold production from Porcupine, plus 14 million ounces of silver annually from Cordero in Mexico. And you're benefitting from meaningful zinc, lead, and copper credits, which bring all-in sustaining costs down to best-in-sector levels. Porcupine: A $4.7 Billion Mine In Canada Discovery Silver We'll start with Discovery's core asset. The company bought the Porcupine Complex from Newmont (NEM) last year , and management is pretty clear where this project is heading. The company paid total consideration of $425 million for Porcupine; recent NPV estimates peg the value at $4.7 billion, using $4,000/oz gold. Do the math against a $5.6 billion market cap. Porcupine alone covers nearly the entire company, and it was acquired at a bargain-bin price. The company's plan is to triple output from the complex, bringing in output from Hoyle Pond, Borden, Pamour, Dome, and TVZ. That's the upside you're getting here. Q4 2025 results also confirmed the cash-flow profile is really strong today, but the future looks more promising. Overall, I think Discovery got a steal on Porcupine, ultimately...
lcva2/iStock Editorial via Getty Images Assessing MSFT's Upcoming Earnings Print In my previous article on Microsoft Corporation ( MSFT ), I called to buy the stock "or regret it forever." I don't usually use that kind of language in titles, but I made an exception for MSFT because the stock looked too cheap on its dip while clearly having more catalysts for continued business growth -even at the ...
lcva2/iStock Editorial via Getty Images Assessing MSFT's Upcoming Earnings Print In my previous article on Microsoft Corporation ( MSFT ), I called to buy the stock "or regret it forever." I don't usually use that kind of language in titles, but I made an exception for MSFT because the stock looked too cheap on its dip while clearly having more catalysts for continued business growth -even at the firm's multi-trillion-dollar scale. Since then, MSFT has managed to gain over 7% amid a broader market comeback of a similar size (4-5%), so it's not a big deal at all. I believe the stock is still far from its fair value given the level of growth expected post-2026, when previously invested CAPEX begins to drive greater monetization. We're approaching MSFT's fiscal Q3 2026 print ( set for 4/29/2026, post-market ), and in addition to another double-beating, I'm waiting for more clarity on agentic AI trajectory and deployment of their proprietary silicon (Maia 200). Also, what's going to define the post-earnings price action reaction? Azure's growth will be key. The market should reprice MSFT quite meaningfully to the upside if the management articulates these things properly on the call, and investors get more visibility for the business growth in 2027-28. Why Do I Think So? The CAPEX problem has been driving the stock down for the past few months, but it's not just the FCF burn that causes the sell-off - I think it's a more granular issue. In my previous article on MSFT, I wrote that the fact that two-thirds of the firm's CAPEX flows to short-lived assets like GPUs and CPUs is the issue, not the CAPEX itself: Given that 2/3 of this massive capital spending is flowing to short-lived assets like GPUs and CPUs, where the useful life might be only 5-7 years in some cases, I think the market is punishing MSFT for the lack of immediate ROI on what's been invested. Source: From my previous article on MSFT So, there's a market fear that Microsoft might be trapped in a long cycle o...
lcva2/iStock Editorial via Getty Images Assessing MSFT's Upcoming Earnings Print In my previous article on Microsoft Corporation ( MSFT ), I called to buy the stock "or regret it forever." I don't usually use that kind of language in titles, but I made an exception for MSFT because the stock looked too cheap on its dip while clearly having more catalysts for continued business growth -even at the ...
lcva2/iStock Editorial via Getty Images Assessing MSFT's Upcoming Earnings Print In my previous article on Microsoft Corporation ( MSFT ), I called to buy the stock "or regret it forever." I don't usually use that kind of language in titles, but I made an exception for MSFT because the stock looked too cheap on its dip while clearly having more catalysts for continued business growth -even at the firm's multi-trillion-dollar scale. Since then, MSFT has managed to gain over 7% amid a broader market comeback of a similar size (4-5%), so it's not a big deal at all. I believe the stock is still far from its fair value given the level of growth expected post-2026, when previously invested CAPEX begins to drive greater monetization. We're approaching MSFT's fiscal Q3 2026 print ( set for 4/29/2026, post-market ), and in addition to another double-beating, I'm waiting for more clarity on agentic AI trajectory and deployment of their proprietary silicon (Maia 200). Also, what's going to define the post-earnings price action reaction? Azure's growth will be key. The market should reprice MSFT quite meaningfully to the upside if the management articulates these things properly on the call, and investors get more visibility for the business growth in 2027-28. Why Do I Think So? The CAPEX problem has been driving the stock down for the past few months, but it's not just the FCF burn that causes the sell-off - I think it's a more granular issue. In my previous article on MSFT, I wrote that the fact that two-thirds of the firm's CAPEX flows to short-lived assets like GPUs and CPUs is the issue, not the CAPEX itself: Given that 2/3 of this massive capital spending is flowing to short-lived assets like GPUs and CPUs, where the useful life might be only 5-7 years in some cases, I think the market is punishing MSFT for the lack of immediate ROI on what's been invested. Source: From my previous article on MSFT So, there's a market fear that Microsoft might be trapped in a long cycle o...
CSX Corporation ( CSX ) tracked higher on Thursday after reporting higher first-quarter profit and revenue, boosted by strong intermodal volumes and solid pricing trends. Notably, the company's operating margin was 36% for the quarter, up 560 basis points from a year ago. New CEO Steve Angel pushed operational improvements, which led to a 6% reduction in expenses to $2.2B for the quarter. Bank of ...
CSX Corporation ( CSX ) tracked higher on Thursday after reporting higher first-quarter profit and revenue, boosted by strong intermodal volumes and solid pricing trends. Notably, the company's operating margin was 36% for the quarter, up 560 basis points from a year ago. New CEO Steve Angel pushed operational improvements, which led to a 6% reduction in expenses to $2.2B for the quarter. Bank of America reiterated its Buy rating on CSX ( CSX ) and raised its price objective to $49 from $46. Analyst Ken Hoexter said the multiple on the price target is above the rail sector's 5-year range of 18.5X to 21.5X due to CSX's ( CSX ) accelerating earnings, $150M in costs falling away in 2026, and new management’s operational focus. Despite the Q1 earnings beat, Morgan Stanley downgraded the rails stock to Equal-weight from Overweight. "Productivity actions are progressing well, and mgmt. is building a pipeline to fill capacity, but at well over 20x PE, this appears more than priced into the stock," warned analyst Ravi Shanker. The firm plans to closely track the pace of productivity gains and pipeline conversion but also sees truck competition intensifying vs. rails and better risk-reward with CSX ( CSX ) peers. Shares of CSX ( CSX ) rose 4.6% in premarket trading to a new 52-week high of $45.17. More on CSX CSX Corporation (CSX) Q1 2026 Earnings Call Transcript CSX Corporation 2026 Q1 - Results - Earnings Call Presentation CSX Corporation: Valuation Premium Faces Pressure From Weak Results CSX anticipates 2026 free cash flow growth of more than 60% as revenue outlook moves to mid-single digits CSX Q1 profit beats expectations; higher fuel surcharges mitigate costs
This soft, whey‑born staple slips effortlessly from savoury suppers to indulgent celebratory desserts while keeping its cool, milky charm • Sign up here for our weekly food newsletter, Feast My record for making ricotta and lemon ring cake is three minutes and 42 seconds. That doesn’t include heating the oven or baking, or finding a recipe, which is in my head. It does include getting out the uten...
This soft, whey‑born staple slips effortlessly from savoury suppers to indulgent celebratory desserts while keeping its cool, milky charm • Sign up here for our weekly food newsletter, Feast My record for making ricotta and lemon ring cake is three minutes and 42 seconds. That doesn’t include heating the oven or baking, or finding a recipe, which is in my head. It does include getting out the utensils (bowl, spatula, grater, scale, ring tin) and the ingredients (ricotta, olive oil, flour, sugar, baking powder, eggs, lemons), then speed-mixing everything in one bowl, scraping the batter into the tin and getting the tin in the oven via a discus throw. The timer is stopped as the oven door is closed. This is not relaxing cooking, it is entertaining cooking. And it is gratifying, having proved my partner wrong when he said it would take me at least five minutes. I was disappointed, then, to find myself on terrible form the other day, when a chocolate-chip version of the same ring cake took me five minutes and 19 seconds. In my defence, I had difficulty getting the glass bowl out of an impractical stack, and we had run out of chocolate chips, which meant I had to find a knife and chop up a bar instead. Even so, it was an absymal performance. There was some consolation in the cake itself, which is not only the quickest, but one of the best cakes I know. The ricotta adds creamy depth and the olive oil provides fat, and together they make for a tender, moist, everyday cake that is best eaten warm, when the bits of chocolate are still hot enough to be little pools. Continue reading...
Squad viewed Rosenior as too inexperienced Iraola and Fàbregas are potential candidates for job Chelsea’s players feel Liam Rosenior’s successor needs to be a big character who can command the respect of the dressing room and keep strong egos in line. With the search under way for the sixth permanent manager of the BlueCo era, it is understood the squad are keen for a shift in focus after failing ...
Squad viewed Rosenior as too inexperienced Iraola and Fàbregas are potential candidates for job Chelsea’s players feel Liam Rosenior’s successor needs to be a big character who can command the respect of the dressing room and keep strong egos in line. With the search under way for the sixth permanent manager of the BlueCo era, it is understood the squad are keen for a shift in focus after failing to connect with Rosenior before his time at Stamford Bridge ended three months into a six-and-a-half-year deal . Continue reading...
krblokhin/iStock Editorial via Getty Images Honeywell International ( HON ), the diversified industrial conglomerate spanning aerospace, building controls, factory automation and energy systems, reported results on Thursday that beat Wall Street earnings expectations but missed on revenue, while a reduced operating cash flow outlook appeared to weigh on shares. Its shares fell 7% in premarket trad...
krblokhin/iStock Editorial via Getty Images Honeywell International ( HON ), the diversified industrial conglomerate spanning aerospace, building controls, factory automation and energy systems, reported results on Thursday that beat Wall Street earnings expectations but missed on revenue, while a reduced operating cash flow outlook appeared to weigh on shares. Its shares fell 7% in premarket trading. As of Wednesday’s close, the stock was up 11% over the prior 12 months. First-quarter sales rose 2% to $9.14 billion from $8.93 billion a year earlier, missing analysts’ consensus estimate of $9.28 billion. Adjusted earnings per share rose 11% to $2.45, topping estimates of $2.32 a share. Net income fell to $821 million, or $1.29 a share, from $1.45 billion, or $2.22 a share, a year earlier. Some Honeywell’s ( HON ) weaker metrics included: Revenue missed expectations. GAAP earnings per share dropped 35% year over year to $1.29. Operating income fell 14%. Operating margin contracted 320 basis points to 16.1%. Operating cash flow guidance was cut to $4.4 billion to $4.7 billion from $4.7 billion to $5.0 billion. Current full-year sales guidance of $38.8 billion to $39.8 billion sits below the $39.51 billion analyst consensus at the midpoint. Portfolio overhaul continues Honeywell ( HON ) also said it agreed to sell its Warehouse and Workflow Solutions business to American Industrial Partners in an all-cash deal, continuing a broader portfolio reshaping effort. The unit operates under the Intelligrated and Transnorm brands and generated about $935 million in 2025 revenue. Terms weren’t disclosed. The company previously announced the sale of its Productivity Solutions and Services business and said the planned Honeywell Aerospace spin-off is now expected on June 29, subject to board approval. CEO points to orders, backlog “Honeywell delivered a strong start to the year while navigating a challenging geopolitical environment,” Chairman and Chief Executive Vimal Kapur said ...
Strategic Education (STRA) delivered earnings and revenue surprises of -5.65% and -2.79%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Strategic Education (STRA) delivered earnings and revenue surprises of -5.65% and -2.79%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
TriCo (TCBK) delivered earnings and revenue surprises of +7.77% and +0.74%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
TriCo (TCBK) delivered earnings and revenue surprises of +7.77% and +0.74%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Acme United (ACU) delivered earnings and revenue surprises of -56.36% and +0.85%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Acme United (ACU) delivered earnings and revenue surprises of -56.36% and +0.85%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
PulteGroup (PHM) delivered earnings and revenue surprises of -0.74% and +0.70%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
PulteGroup (PHM) delivered earnings and revenue surprises of -0.74% and +0.70%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Snap-On (SNA) delivered earnings and revenue surprises of +0.26% and +2.53%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Snap-On (SNA) delivered earnings and revenue surprises of +0.26% and +2.53%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Lockheed (LMT) delivered earnings and revenue surprises of -3.47% and -0.57%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Lockheed (LMT) delivered earnings and revenue surprises of -3.47% and -0.57%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Gorman-Rupp (GRC) delivered earnings and revenue surprises of +38.78% and +5.60%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Gorman-Rupp (GRC) delivered earnings and revenue surprises of +38.78% and +5.60%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
There are countless ways to invest in artificial intelligence. While some may prefer to put money into software companies or electrical infrastructure suppliers, the way I keep circling back to is through the chip designers, notably Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) . Both of these are seen as premier AI investments, and they can be summed up with one word: profits. These two compa...
There are countless ways to invest in artificial intelligence. While some may prefer to put money into software companies or electrical infrastructure suppliers, the way I keep circling back to is through the chip designers, notably Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) . Both of these are seen as premier AI investments, and they can be summed up with one word: profits. These two companies are making a ton of money right now from AI, and their earnings are only expected to rise. Some software companies are still fighting for market dominance, and how those businesses will fare over the long term is still unknown. Similarly, construction and infrastructure plays may only see a one-time flash-in-the-pan boost from the current phase of the AI cycle. Broadcom and Nvidia, however, are positioned to be long-term benefactors of this trend, and despite their impressive performances to date, their stocks remain great buys now. Continue reading