(RTTNews) - U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday.
(RTTNews) - U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday.
The State Street SPDR S&P Pharmaceuticals ETF (NYSEMKT:XPH) offers a lower-cost entry into the drug manufacturing space, while the First Trust NYSE Arca Biotechnology Index Fund (NYSEMKT:FBT) provides concentrated exposure to biotechnology. Investors seeking healthcare exposure often choose between mature pharmaceutical giants and high-growth biotechnology firms. This comparison examines how these...
The State Street SPDR S&P Pharmaceuticals ETF (NYSEMKT:XPH) offers a lower-cost entry into the drug manufacturing space, while the First Trust NYSE Arca Biotechnology Index Fund (NYSEMKT:FBT) provides concentrated exposure to biotechnology. Investors seeking healthcare exposure often choose between mature pharmaceutical giants and high-growth biotechnology firms. This comparison examines how these two funds approach their respective sub-sectors, balancing the established cash flows of pharmaceuticals with the research-driven potential and the higher concentration of biotech innovators that populate the healthcare landscape. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Broadcom (AVGO) has been one of the most rewarding AI stocks in recent months, but its latest earnings report left investors wanting more. The semiconductor and software giant dished out another superb quarterly showing in Q2, extending its impressive streak of posting beats across both lines. ...
Broadcom (AVGO) has been one of the most rewarding AI stocks in recent months, but its latest earnings report left investors wanting more. The semiconductor and software giant dished out another superb quarterly showing in Q2, extending its impressive streak of posting beats across both lines. ...
Don't let Broadcom's 15% post-earnings drop on Thursday fool you, says Jim Cramer: You want to own it. "Every time there's been this kind of huge break in the stock, you have to buy it," Jim said on 'Squawk on the Street' Thursday. However, Jim advised investors to wait a day or two to let all the sellers be flushed out and give the stock a chance to stabilize. Broadcom was red-hot coming into the...
Don't let Broadcom's 15% post-earnings drop on Thursday fool you, says Jim Cramer: You want to own it. "Every time there's been this kind of huge break in the stock, you have to buy it," Jim said on 'Squawk on the Street' Thursday. However, Jim advised investors to wait a day or two to let all the sellers be flushed out and give the stock a chance to stabilize. Broadcom was red-hot coming into the print, up over 19% on the year and hitting a fresh closing high of around $481 Tuesday. That kind of set-up leaves little wiggle room: The company needed to do more than beat and raise to move the stock higher. But the earnings report , while strong, wasn't enough to excite investors, who wanted to see management boost its AI revenue guidance — not just reiterate it. In for the quarter, delivered after the bell on Wednesday, Broadcom reported record AI semiconductor revenue of $10.8 billion, up 143% year over year and well above its guidance. For the 2026 fiscal year, Broadcom expects to hit AI semiconductor revenue of $56 billion, up about 180% from fiscal year 2025. "Now we expect this momentum to continue into fiscal year 2027 and reiterate our AI semiconductor revenue guidance to be in excess of $100 billion," said Broadcom CEO Hock Tan on the earnings call. Tan added that the AI semiconductor strength should continue into fiscal year 2028, thanks to its six core customers, including recently expanded partnerships with Google , Anthropic, and Meta . Despite Broadcom reaffirming growing demand, Macquarie analysts downgraded Broadcom's stock to a hold-equivalent rating Thursday, slashing its price target to $437 from $513. The analysts project Broadcom's custom silicon revenue to peak in 2027 as Google diversifies beyond Broadcom as its sole custom chip partner . JPMorgan, however, raised its price target to $580 from $500 and reiterated a buy rating, noting that Broadcom's expanding customer base should drive AI revenue growth in the years ahead, beating current estimat...
Earnings Call Insights: Ciena (CIEN) Q2 2026 Management view "Our Q2 performance was once again very strong" and included "revenues of $1.57 billion," "adjusted gross margin" of "44.9%" and adjusted EPS of "$1.64," according to CEO Gary Smith, who also tied demand to "AI-led demand from both cloud and service providers" and said a "strong and growing backlog" is driving visibility (CEO Gary Smith)...
Earnings Call Insights: Ciena (CIEN) Q2 2026 Management view "Our Q2 performance was once again very strong" and included "revenues of $1.57 billion," "adjusted gross margin" of "44.9%" and adjusted EPS of "$1.64," according to CEO Gary Smith, who also tied demand to "AI-led demand from both cloud and service providers" and said a "strong and growing backlog" is driving visibility (CEO Gary Smith). Management highlighted product and customer catalysts that it described as share-gain opportunities, including: "we've been awarded the industry's first multi-rail order from a leading hyperscaler" for "RLS Hyper-Rail"; DCOM "is ramping extremely well" with "initial orders from a second hyperscaler" and "lab qualifications" with a "third"; and a "new win with a major hyperscaler for our high-performance Coherent modules" that Smith called a "competitive takeaway win" (CEO Gary Smith). CFO Marc Graff emphasized margin and cash flow progress and capital allocation: "We achieved an adjusted gross margin of 44.9%"; "our cash conversion cycle has improved by 20 days since Q1"; "free cash flow of $219 million"; and "returning $83 million in Q2 at an average price of $371 per share" (Senior VP & CFO Marc Graff). Outlook Management raised full-year guidance, stating: "We now expect to deliver revenue for the fiscal year of $6.3 billion, plus or minus $100 million" and "fiscal 2026 gross margin" of "between 44.5% and 45%"; it also guided to "operating margin of 19%, plus or minus 50 basis points" with "operating expenses of approximately $1.61 billion, plus or minus $20 million" (Senior VP & CFO Marc Graff). For Q3 2026, Ciena guided to "revenue of approximately $1.625 billion, plus or minus $50 million" with "adjusted gross margin of 45%, plus or minus 50 basis points" and "operating margin of 19% to 20%" (Senior VP & CFO Marc Graff). Compared with the prior quarter’s messaging, management again framed the year as supply-constrained but said it is "once again in a position to rai...
Amazon (NASDAQ:AMZN | AMZN Price Prediction) is executing the most aggressive capital expansion in its history, and the market remains uncertain. AWS posted 28% growth, the fastest in 15 quarters. The chips business cleared a $20 billion run rate. Advertising is now a $70 billion TTM business. Yet shares trade at $256.52, only 11.13% higher ... Prediction: Amazon Will Trade at This Price in Two Ye...
Amazon (NASDAQ:AMZN | AMZN Price Prediction) is executing the most aggressive capital expansion in its history, and the market remains uncertain. AWS posted 28% growth, the fastest in 15 quarters. The chips business cleared a $20 billion run rate. Advertising is now a $70 billion TTM business. Yet shares trade at $256.52, only 11.13% higher ... Prediction: Amazon Will Trade at This Price in Two Years
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped 3.5% through 12:45 p.m. ET Thursday on -- what else? -- new developments in artificial intelligence . Alphabet and Palantir (NASDAQ: PLTR) announced today "a multi-tiered partnership" integrating Google's BigQuery cloud data warehouse with Palantir's Foundry data operating platform, enabling the two products to work better together. The companie...
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped 3.5% through 12:45 p.m. ET Thursday on -- what else? -- new developments in artificial intelligence . Alphabet and Palantir (NASDAQ: PLTR) announced today "a multi-tiered partnership" integrating Google's BigQuery cloud data warehouse with Palantir's Foundry data operating platform, enabling the two products to work better together. The companies are likewise working to connect Palantir's Artificial Intelligence Platform (AIP) with Google's Gemini large language model (LLM) . Coming on the heels of yesterday's news that Gemini more than doubled in size over the past year, passing 900 million monthly active users, you can see how this might get investors excited about Alphabet stock. Continue reading
Dennis Diatel Photography/iStock Editorial via Getty Images Cardano ( ADA-USD ) came under fresh pressure after network founder Charles Hoskinson posted four words on X , “I’m taking a break. TTYL,” triggering another wave of altcoin selling. The token dropped more than ~10%, slipping below ~$0.20 for the first time in over five years, and is now down about ~70% this year, significantly underperfo...
Dennis Diatel Photography/iStock Editorial via Getty Images Cardano ( ADA-USD ) came under fresh pressure after network founder Charles Hoskinson posted four words on X , “I’m taking a break. TTYL,” triggering another wave of altcoin selling. The token dropped more than ~10%, slipping below ~$0.20 for the first time in over five years, and is now down about ~70% this year, significantly underperforming the broader S&P 500’s ( SP500 ) 26.52% return. The decline comes as the Cardano ecosystem faces growing challenges. Following the shutdown of Cardano analytics firm TapTools and the cancellation of the 2026 Cardano Summit after a failed treasury vote, Hoskinson warned in a YouTube video on Tuesday that more projects could fail. “I said at the beginning of the year, we’re going to see many ecosystems and people collapse because the markets are terrible,” Hoskinson said. The weakness extends across the crypto market . Over the past month, Cardano ( ADA-USD ) has fallen 24.94%, while Bitcoin ( BTC-USD ) declined 20.79%, Ethereum ( ETH-USD ) 24.63%, Solana ( SOL-USD ) 17.92%, and Ripple ( XRP-USD ) 16.77%, all trailing the S&P 500’s 5.45% gain. According to CoinGlass data, 286.3K traders were liquidated over the last 24 hours, with total liquidations reaching $1.72B, highlighting the risk-off sentiment weighing on Cardano and the wider digital asset market. More on Cardano USD From committee to calendar: “Clarity Act” moves closer to Senate vote; details here Donald Trump's 'saved crypto industry' bullish claim—but market voted bearish Financial information for Cardano USD
Hong Kong police took away seven people who appeared in Causeway Bay on Thursday evening carrying flowers and dressed in black to mark the 37th anniversary of the Tiananmen Square crackdown. They included Chan Po-ying, former chairwoman of the now-defunct League of Social Democrats opposition group, and activist Virginia Fung King-man. Police said they stopped and searched five men and two women, ...
Hong Kong police took away seven people who appeared in Causeway Bay on Thursday evening carrying flowers and dressed in black to mark the 37th anniversary of the Tiananmen Square crackdown. They included Chan Po-ying, former chairwoman of the now-defunct League of Social Democrats opposition group, and activist Virginia Fung King-man. Police said they stopped and searched five men and two women, aged between 17 and 79, for allegedly disrupting order in the area around Great George Street and...
England's Ollie Robinson bowls a triple-wicket maiden in his first Test appearance for two years, as New Zealand fall to 2-3 on the opening day of the first Test at Lord's.
England's Ollie Robinson bowls a triple-wicket maiden in his first Test appearance for two years, as New Zealand fall to 2-3 on the opening day of the first Test at Lord's.
The S&P 500 Index ($SPX ) (SPY ) today is up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.90%. June E-mini S&P futures (ESM26 ) are up +0.02%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.90%. June E-mini S&P futures (ESM26 ) are up +0.02%, and June E-mini Nasdaq futures...
The market has a way of pretending it has seen everything — until it hasn’t. Stocks sit near record territory, liquidity is still abundant by historical standards, and yet the Federal Reserve is once again trying to thread a very narrow needle: cool inflation without cracking growth. The current federal funds rate, sitting around 3.64% ... The Stock Market Has Been Here Precisely Once Before. Buck...
The market has a way of pretending it has seen everything — until it hasn’t. Stocks sit near record territory, liquidity is still abundant by historical standards, and yet the Federal Reserve is once again trying to thread a very narrow needle: cool inflation without cracking growth. The current federal funds rate, sitting around 3.64% ... The Stock Market Has Been Here Precisely Once Before. Buckle Up as Kevin Warsh Tries to Land the Plane