Big-box retailer Walmart (WMT 0.88%) reported earnings last week, and they failed to impress investors. By the end of the week, the stock was down 8% on the news, pushing its valuation below the $1 trillion mark. Walmart has been a top stock to own in recent years and has been a bit of a safe haven investment given its diversified business model. Its business remains solid, and the stock also offe...
Big-box retailer Walmart (WMT 0.88%) reported earnings last week, and they failed to impress investors. By the end of the week, the stock was down 8% on the news, pushing its valuation below the $1 trillion mark. Walmart has been a top stock to own in recent years and has been a bit of a safe haven investment given its diversified business model. Its business remains solid, and the stock also offers a modest dividend that yields 0.8%. Is now a good time to add the blue chip stock to your portfolio? Why have investors turned bearish on Walmart's stock? Walmart's revenue looked good in the company's most recent quarter, which ended on April 30, as it rose by more than 7% to $177.8 billion. That's a solid growth rate in retail, where many businesses have struggled due to challenging economic conditions. Investors, however, are growing concerned about the near-term and how rising oil prices may impact the business and its customers, as prices may keep rising. Walmart's guidance reflects that nervousness, with the company projecting a net sales growth rate between 4% and 5% for the current quarter, and the range drops to 3.5% and 4.5% when looking at the full year. While the slowdown is modest, it's a notable decline from the solid start to the year. Investors wasted no time in dumping the retail stock due to the headwinds and uncertainty ahead. Its high valuation certainly didn't help, either, as that may have given bearish investors even more of a reason to sell. Expand NASDAQ : WMT Walmart Today's Change ( -0.88 %) $ -1.07 Current Price $ 120.27 Key Data Points Market Cap $959B Day's Range $ 118.91 - $ 121.95 52wk Range $ 93.43 - $ 135.16 Volume 30.3M Avg Vol 19.3M Gross Margin 23.48 % Dividend Yield 0.80 % Walmart's stock remains fairly expensive Although Walmart's stock went off a small cliff recently, it still trades at 42 times its trailing earnings, which is well above the S&P 500 average of 26. Investor bullishness has pushed the stock up to exceedingly high lev...
(RTTNews) - Canadian stocks surged again on Monday after ending last week with three consecutive sessions of gains as signals of a U.S.-Iran peace deal continue to grow stronger. After opening above previous week's close, today the benchmark S&P/TSX Composite Index initially gained momentum to hit a new intra-day record high of 34,846.50 and then gave ground but traded firmly positive throughout t...
(RTTNews) - Canadian stocks surged again on Monday after ending last week with three consecutive sessions of gains as signals of a U.S.-Iran peace deal continue to grow stronger. After opening above previous week's close, today the benchmark S&P/TSX Composite Index initially gained momentum to hit a new intra-day record high of 34,846.50 and then gave ground but traded firmly positive throughout the rest of the session before settling at 34,830.89, up by 359.53 points (or 1.04%). Ten of the 11 sectors posted gains today, with the materials sector leading the pack. Efforts to end the nearly three-month-long U.S.-Israel versus Iran war intensified over the past few days. Through Truth Social, U.S. President Donald Trump messaged that negotiations with Iran are proceeding well but emphasized that either there will be a great deal for all or no deal at all, and warned that if war resumes, it would be bigger and stronger than before. Trump mentioned that during the discussions he had with the leaders of Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain he had insisted those countries to mandatorily sign on to the Abraham Accords to make the settlement with Iran a historically significant deal. Of note, the U.A.E. and Bahrain are already members of the agreement. Trump also stated that he has commissioned his representatives to start and complete the accord. Earlier on Sunday, Trump remarked that negotiations were ongoing in a constructive and orderly manner but claimed that he had asked the U.S. representatives not to rush into a deal and asserted that the current naval blockade on ships entering or exiting Iran will remain in full force. While welcoming a professional relationship with Iran, Trump ruled out allowing Iran to develop or procure any nuclear weapon. U.S. Secretary of State Marco Rubio stated that a solid proposal is on the table. Commenting on the status of talks as "Work in Progress", Rubio stated he expected some ...
“It’s tough, it’s tough,” said Stan Wawrinka, tears welling in his eyes. “I don’t want to say goodbye to you here.” He was addressing a full crowd on Court Simonne-Mathieu moments after losing his first-round match at the French Open 6-3, 3-6, 6-3, 6-4 to Jesper de Jong, a lucky loser from the Netherlands. This will be the final match and moment for Wawrinka in Paris. The three-time grand slam cha...
“It’s tough, it’s tough,” said Stan Wawrinka, tears welling in his eyes. “I don’t want to say goodbye to you here.” He was addressing a full crowd on Court Simonne-Mathieu moments after losing his first-round match at the French Open 6-3, 3-6, 6-3, 6-4 to Jesper de Jong, a lucky loser from the Netherlands. This will be the final match and moment for Wawrinka in Paris. The three-time grand slam champion, a winner here in 2015, will retire at the end of the season after a distinguished 25-year career. The 41-year-old announced his decision at the end of last year, allowing him to spend 2026 competing at the biggest tournaments for a final time. Wawrinka was granted a retirement ceremony on court, with the tournament director, Amélie Mauresmo, and Gilles Moretton, the president of the French Tennis Federation, presenting him with a plaque. The ceremony included video messages from a variety of champions, including Roger Federer, Jannik Sinner, Rafael Nadal, Carlos Alcaraz and Novak Djokovic. Wawrinka said he was surprised by the effect he has had and the love he has received. “I’m always surprised to receive so much love, so much support from other players or from the fans or from tournaments in general. “I have been on tour for more than 20 years. When I was young, my dream was to be a professional player, to be in the top 100, to have the opportunity to play those tournaments. “I never expected to achieve so big in tennis, but I never put any limit in my career. I always wanted more. I always walk out to get more, push myself, push my own limits, and try to find my own way to get there. So I’m happy and proud of what I achieved. “Today it was really tough. It’s never easy to say goodbye to something you love so much and you dedicate all your life for it. It was and it will be difficult to leave Roland Garros.” View image in fullscreen Stan Wawrinka receives a trophy to mark his retirement from Amélie Mauresmo (left) and Gilles Moretton (right). Photograph: Sh...
Huckabee Tells Lebanese To Thank Israel For Seedless Watermelons, While Under IDF Bombs Via Middle East Eye Mike Huckabee, the US ambassador to Israel and a passionate advocate of its wars in the region, has told the people of Lebanon to be grateful for Israeli contributions to its society . Video of Huckabee speaking at the Atlas Awards in Tel Aviv on May 12 has only recently emerged and is being...
Huckabee Tells Lebanese To Thank Israel For Seedless Watermelons, While Under IDF Bombs Via Middle East Eye Mike Huckabee, the US ambassador to Israel and a passionate advocate of its wars in the region, has told the people of Lebanon to be grateful for Israeli contributions to its society . Video of Huckabee speaking at the Atlas Awards in Tel Aviv on May 12 has only recently emerged and is being shared online after it was picked up by Chris Menahan of the news site Information Liberation . via AFP In the speech, Huckabee extolls the various purported Israeli contributions to society, including USB drives, cherry tomatoes and seedless watermelons. "I wonder if everyone in Lebanon understands that if there were no Israel, they wouldn't have a cell phone," Huckabee said. "I wonder if they understand that every time they use a USB, every time they use car navigation, that every time they eat a cherry tomato or have a delicious bite of seedless watermelon , instead of saying, 'I can't talk to those people,' they should step across the border, shake their hands and say, 'Thank you'." Lebanon's southern border is currently subject to intense bombardment, and scores of displaced residents who have attempted to return to their homes in the south have been targeted by Israel Lebanon's Health Ministry says Israeli air strikes have killed 3,151 people and wounded 9,571 since March 2 . The dead include 123 medics, at least 210 children and nearly 300 women. Huckabee is an outspoken and unapologetic Christian Zionist who has frequently expressed strong backing for Israeli government policies. In an interview with US podcast host Tucker Carlson, Huckabee supported Israel's right to take over all of the Middle East to form "Greater Israel" , and said the Book of Genesis in the Old Testament gives the modern-day state of Israel the right to expand its borders. Israel did not 'invent' cherry tomatoes... Ambassador Mike Huckabee: Everyone in Lebanon should be thanking Israel for mak...
Most executives announcing layoffs lean on a familiar script. They talk about efficiency, strategic alignment, and the need to position the company for long-term growth. The language is careful. The emotion is managed. What Mark Zuckerberg wrote to employees on May 20 was something different. In a ...
Most executives announcing layoffs lean on a familiar script. They talk about efficiency, strategic alignment, and the need to position the company for long-term growth. The language is careful. The emotion is managed. What Mark Zuckerberg wrote to employees on May 20 was something different. In a ...
Key Points Despite experiencing a huge rally, the stock trades at a low forward earnings multiple. An ongoing shortage of memory products is expected to drive further growth for Micron in the near future. The business can be highly cyclical, however, and that can make Micron stock a risky buy. 10 stocks we like better than Micron Technology › Shares of Micron Technology (NASDAQ: MU) have been surg...
Key Points Despite experiencing a huge rally, the stock trades at a low forward earnings multiple. An ongoing shortage of memory products is expected to drive further growth for Micron in the near future. The business can be highly cyclical, however, and that can make Micron stock a risky buy. 10 stocks we like better than Micron Technology › Shares of Micron Technology (NASDAQ: MU) have been surging in the past year, and the company, which sells memory and storage products, has a valuation that may still not look all that expensive given ongoing product shortages. Memory is in high demand, and that has enabled the business to generate robust results, with not only sales volumes rising significantly but Micron being able to raise prices. The net effect has been a business that's been growing at a fast rate on both its top and bottom lines. And when that happens, its valuation can still appear modest, potentially convincing investors that it's still a good buy, with even more upside. Today, the stock is sitting on gains of nearly 700% over the past 12 months, and its market cap is just under $850 billion. With strong quarterly results still likely ahead for the company this year, is it inevitable that Micron Technology joins the trillion-dollar club in 2026? Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Why investors still believe the stock looks cheap Micron Technology stock, despite its impressive gains over the past year, trades at a seemingly modest price-to-earnings multiple of 35. I say modest because after such a significant run-up in value, you might expect its valuation to be a whole lot higher than that. Many top growth stocks can trade at P/E multiples in excess of 30, and investors may not bat an eye. When you look at its forward P/E, however, which is based on analyst expectations of...
Last quarter, Bill Ackman's hedge fund, Pershing Square, owned zero shares of Microsoft (MSFT 0.06%). This quarter, however, Ackman disclosed a 5,654,078-share stake comprising more than 14% of Pershing's entire portfolio. That stake is currently valued at roughly $2.1 billion. Pershing runs a fairly concentrated portfolio, but within a single quarter, Microsoft has become its fifth-biggest positi...
Last quarter, Bill Ackman's hedge fund, Pershing Square, owned zero shares of Microsoft (MSFT 0.06%). This quarter, however, Ackman disclosed a 5,654,078-share stake comprising more than 14% of Pershing's entire portfolio. That stake is currently valued at roughly $2.1 billion. Pershing runs a fairly concentrated portfolio, but within a single quarter, Microsoft has become its fifth-biggest position. Why is Ackman loading up on Microsoft stock? One clue gives us a potential answer. Expand NASDAQ : MSFT Microsoft Today's Change ( -0.06 %) $ -0.24 Current Price $ 418.85 Key Data Points Market Cap $3.1T Day's Range $ 416.35 - $ 424.40 52wk Range $ 356.28 - $ 555.45 Volume 1.3M Avg Vol 34.1M Gross Margin 68.31 % Dividend Yield 0.85 % Here's why Bill Ackman is loading up on Microsoft stock The easiest explanation for Ackman's trading activities is that he wants to increase his bet on artificial intelligence stocks. Microsoft is now one of the biggest AI companies in the world, with heavy exposure to both AI software and the data centers that power this revolutionary technology. Indeed, other stocks in Ackman's portfolio, including Meta Platforms and Uber Technologies, are similarly exposed to AI tailwinds. There's just one problem with that explanation: Last quarter, Ackman also heavily sold an AI stock very similar to Microsoft. That stock was the parent company to Google and Waymo: Alphabet. Last quarter, Pershing Square sold more than 6 million shares of Alphabet, creating the cash necessary for the Microsoft stake to be purchased. So it seems that Pershing's portfolio isn't more exposed to AI following the combined trades. Then what prompted the move? It looks like the trades were simply a reflection of each company's relative valuation. Over the last six months, Alphabet stock has risen by nearly 30%, while Microsoft shares are down by roughly 10%. According to Reuters, Ackman believes that Microsoft stock is trading at a "highly compelling valuation" following the...
Key Points Microsoft now stands as his fifth-largest investment. One clue suggests why the billionaire is so bullish. 10 stocks we like better than Microsoft › Last quarter, Bill Ackman's hedge fund, Pershing Square, owned zero shares of Microsoft (NASDAQ: MSFT). This quarter, however, Ackman disclosed a 5,654,078-share stake comprising more than 14% of Pershing's entire portfolio. That stake is c...
Key Points Microsoft now stands as his fifth-largest investment. One clue suggests why the billionaire is so bullish. 10 stocks we like better than Microsoft › Last quarter, Bill Ackman's hedge fund, Pershing Square, owned zero shares of Microsoft (NASDAQ: MSFT). This quarter, however, Ackman disclosed a 5,654,078-share stake comprising more than 14% of Pershing's entire portfolio. That stake is currently valued at roughly $2.1 billion. Pershing runs a fairly concentrated portfolio, but within a single quarter, Microsoft has become its fifth-biggest position. Why is Ackman loading up on Microsoft stock? One clue gives us a potential answer. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Here's why Bill Ackman is loading up on Microsoft stock The easiest explanation for Ackman's trading activities is that he wants to increase his bet on artificial intelligence stocks. Microsoft is now one of the biggest AI companies in the world, with heavy exposure to both AI software and the data centers that power this revolutionary technology. Indeed, other stocks in Ackman's portfolio, including Meta Platforms and Uber Technologies, are similarly exposed to AI tailwinds. There's just one problem with that explanation: Last quarter, Ackman also heavily sold an AI stock very similar to Microsoft. That stock was the parent company to Google and Waymo: Alphabet. Last quarter, Pershing Square sold more than 6 million shares of Alphabet, creating the cash necessary for the Microsoft stake to be purchased. So it seems that Pershing's portfolio isn't more exposed to AI following the combined trades. Then what prompted the move? It looks like the trades were simply a reflection of each company's relative valuation. Over the last six months, Alphabet stock has risen by nearly 30%, while Microsoft shares are down by rou...
The Hajj is one of the five Pillars of Islam and takes place in the 12th month of the Islamic lunar calendar. It is the journey that every adult Muslim must undertake at least once in their life if they can afford it and are physically able.
The Hajj is one of the five Pillars of Islam and takes place in the 12th month of the Islamic lunar calendar. It is the journey that every adult Muslim must undertake at least once in their life if they can afford it and are physically able.
(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage. Most Read from Bloomberg A presentation in Rome on Sunday was the final stage of a three-step reveal of the EV — called the Ferrari Luce — that began last year with the car’s core technology and later showed its...
(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage. Most Read from Bloomberg A presentation in Rome on Sunday was the final stage of a three-step reveal of the EV — called the Ferrari Luce — that began last year with the car’s core technology and later showed its interior. The Luce delivers the equivalent of just over 1,000 horsepower and reaches 100 kilometers per hour (62 mph) in 2.5 seconds, quicker than Ferrari’s V12-powered Purosangue SUV. It has a top speed of more than 310 kph. The car’s launch comes after Ferrari delivered long-term targets last year that disappointed investors and raised questions over how it will balance electric technology with the combustion-engine models that remain central to its brand. Ferrari’s 2030 plan cut the expected share of fully electric cars in half to 20% of the lineup, while targeting twice that level of fuel-burning models. The Luce represents an important test case: Ferrari has to show that an electric car can fit its model of limited supply, high pricing and emotional appeal, while expanding the range beyond traditional two-seat and four-seat sports cars. The pricing of the vehicle suggests Chief Executive Officer Benedetto Vigna has no intention of sacrificing the brand’s exclusivity to boost volumes. The Luce will show whether the Italian carmaker’s formula works without the roar of an internal combustion engine, particularly with EV residual values still a concern among rich buyers seeking supercars that will hold or even increase their value over time. Lamborghini has delayed its first EV, highlighting how hard it has become for luxury-car makers to persuade customers to part with the noise and physicality of combustion engines. Ferrari has repeatedly said it will continue to offer clients a choice across internal combustion, hybrid and electric powertrains. Its strategy remains foc...
Intapp NASDAQ: INTA executives said artificial intelligence is emerging as a demand driver for the company’s professional-services software platform, particularly as large law firms, accounting firms, consulting firms, investment banks and private capital firms look for compliant ways to automate work. Speaking at the JPMorgan Boston TMC Conference, Chairman and CEO John Hall said Intapp’s custome...
Intapp NASDAQ: INTA executives said artificial intelligence is emerging as a demand driver for the company’s professional-services software platform, particularly as large law firms, accounting firms, consulting firms, investment banks and private capital firms look for compliant ways to automate work. Speaking at the JPMorgan Boston TMC Conference, Chairman and CEO John Hall said Intapp’s customers operate in “highly regulated” markets where the need for professional services remains structurally tied to capital flows, M&A, financing, litigation and restructuring activity. Hall said he does not view AI as reducing the fundamental demand for those services, even if pricing models and delivery methods change over time. Get Intapp alerts: Sign Up “The actual fundamental requirement that you have these folks participating in their highly regulated industry to serve the way that capitalism happens, capital flows happen, and all those other things, I don’t think it’s going away,” Hall said. Enterprise Customers Remain Central to Growth Plan Hall said Intapp is focused on the largest firms in its end markets, noting that the top 2,000 firms represent about 70% of the company’s total addressable market. He said those enterprise firms have been getting larger over time, pointing to scale among major private equity firms, law firms and accounting firms. Asked about Intapp’s path toward a target of $1 billion in annual recurring revenue by fiscal 2029, Hall highlighted the company’s “land and expand” model, saying Intapp has roughly 2,500 clients and sees expansion opportunities across business development, compliance, time management and resource management offerings. CFO David Morton said Intapp has worked to balance sales linearity within quarters and across the year, while noting that the company’s largest renewals have traditionally occurred around the December and June quarters. Morton said the company believes it has “a great coverage model” as it scales. Celeste Built...
Anthropic just made a move that feels less like a modest expansion and more like a shot across the bow in the world of enterprise artificial intelligence (AI). The company acquired Fractional AI -- a developer of generative AI enterprise applications -- as part of its strategy to launch its own consulting venture. This move signals that Anthropic is no longer content being one of many providers of...
Anthropic just made a move that feels less like a modest expansion and more like a shot across the bow in the world of enterprise artificial intelligence (AI). The company acquired Fractional AI -- a developer of generative AI enterprise applications -- as part of its strategy to launch its own consulting venture. This move signals that Anthropic is no longer content being one of many providers of frontier generative AI models. Rather, it is entering the messy world of on-the-ground AI deployment -- a market that Palantir Technologies (PLTR 0.41%) has dominated for years. Could Anthropic actually make a dent in Palantir's position as an AI operating system supplier for major corporations? Palantir's paradox: Glorified consultant or SaaS powerhouse? Prior to the AI revolution, many on Wall Street viewed Palantir less as a pure software company and more as a consultancy in software-as-a-service (SaaS) clothing. This critique is not entirely without merit. Indeed, Palantir's software platforms -- Foundry for commercial data integration and Gotham for government agency analytics -- deliver recurring subscription revenue. However, some of the company's success comes from forward deployed software engineers. These Palantir employees get embedded on-site within client organizations, where they help clients make sense of unstructured data and get more value out of the services Palantir offers. Palantir's revenue features platform licenses mixed with professional services fees. This model creates sticky, multiyear contracts that appear more like bespoke consulting retainers than plug-and-play software subscriptions. However, describing it as a consulting firm is too narrow a view. The human layer is precisely what helps create the company's lock-in. Once Palantir's engineers design an ontology -- a map of the client's entire data universe -- and train AI agents on its workflows, the switching costs involved in moving to a rival player's service become excessive. Anthropic's ...