The upcoming FIFA World Cup, hosted across North America, is projected to generate a record $11 billion in revenue. However, there are some questions on the actual benefits for the United States playing host. Bloomberg Business of Sports Columnist Adam Minter came on Bloomberg This Weekend to discuss what hosting such an event means for the host country. (Source: Bloomberg)
The upcoming FIFA World Cup, hosted across North America, is projected to generate a record $11 billion in revenue. However, there are some questions on the actual benefits for the United States playing host. Bloomberg Business of Sports Columnist Adam Minter came on Bloomberg This Weekend to discuss what hosting such an event means for the host country. (Source: Bloomberg)
Israel claimed it was attacking Hezbollah command centers in response to attacks on northern Israel Israel had already struck the southern suburbs of the Lebanese capital at least twice since the first agreement between the Lebanon state and Israel went into effect as part of the 17 April ceasefire, under which Washington sought to constrain Israel from striking Beirut in return for a halt in Hezb...
Israel claimed it was attacking Hezbollah command centers in response to attacks on northern Israel Israel had already struck the southern suburbs of the Lebanese capital at least twice since the first agreement between the Lebanon state and Israel went into effect as part of the 17 April ceasefire, under which Washington sought to constrain Israel from striking Beirut in return for a halt in Hezbollah fire towards northern Israel. Today’s strikes on Beirut are likely to derail US peace talks with Iran as Tehran has made it clear that Israel’s assault on Lebanon must end for that conflict to end. Continue reading...
Air France-KLM CEO Ben Smith speaks at the International Air Transport Association (IATA) saying "we'll make do" with the availability of fuel and the that he expects 5-10% of customers to return, when flights through the Gulf return to full capacity. (Source: Bloomberg)
Air France-KLM CEO Ben Smith speaks at the International Air Transport Association (IATA) saying "we'll make do" with the availability of fuel and the that he expects 5-10% of customers to return, when flights through the Gulf return to full capacity. (Source: Bloomberg)
Getty Images I remember the first time I covered Clorox ( CLX ) in September 2025. I rated it a sell then. I had some comments on that article saying that a sell rating for CLX was ridiculous. But I disagreed. As I explained in the article, there were several reasons for my sell rating. And since then, its stock price dropped by nearly 44%. Seeking Alpha The last time I wrote about CLX, I rated it...
Getty Images I remember the first time I covered Clorox ( CLX ) in September 2025. I rated it a sell then. I had some comments on that article saying that a sell rating for CLX was ridiculous. But I disagreed. As I explained in the article, there were several reasons for my sell rating. And since then, its stock price dropped by nearly 44%. Seeking Alpha The last time I wrote about CLX, I rated it a hold . As a symbol of thinking that the stock price drop may slow down or stop. But I still claimed it was far from a buy. Still, I was too optimistic. Or better: I wasn't pessimistic enough. Because the stock price dropped by 25% since that article. And now, I've noticed that CLX has just increased by 5% in one day. And almost 7% over the last 5 days. Seeking Alpha And with new data available, I decided to prepare this follow-up coverage. I'm still rating CLX a hold. But let me explain to you what I mean by that. I wouldn't want to hold any shares in CLX. So if I had any, I'd sell them. But I also wouldn't like to short CLX at this point. I believe CLX is a good example of a value trap right now. Its valuation seems attractive. But I don't see business strength sufficient to expand CLX's multiples. The Business Is Still Struggling Revenue is Flat, Even With a 10% Lower Business Scale Than It Used to Be What do I mean by that 10%? I remember when CLX's annual revenue stood at almost $7.4B. But now, I see its LTM revenue standing at below $6.8B. That's a nearly 10% drop in a business scale in just a matter of a few years. And I don't see any improvements on that front. Last quarter, CLX generated 'just' $2M more than a year ago. So I feel safe to say that business scale is flat. CLX's Press Release And that's a problem. With a flat business, it's hard to improve profitability. Especially when a business faces quite a high-cost pressure. Which leads me to the next point: profitability. But before that, I want to quote the management's comment on sales performance. What's e...
Poet Technologies (NASDAQ: POET) is trying to turn its AI photonics story into real commercial momentum. The Lumilens order could validate the company's Optical Interposer platform, but investors still face a tense mix of tiny revenue, dilution risk, and execution pressure as the next 12 to 24 months become critical. Stock prices used were the market prices of May 27, 2026. The video was published...
Poet Technologies (NASDAQ: POET) is trying to turn its AI photonics story into real commercial momentum. The Lumilens order could validate the company's Optical Interposer platform, but investors still face a tense mix of tiny revenue, dilution risk, and execution pressure as the next 12 to 24 months become critical. Stock prices used were the market prices of May 27, 2026. The video was published on June 5, 2026. Continue reading
Besides its wholly owned operating businesses, Berkshire Hathaway is known for its huge $327 billion public equities portfolio. The conglomerate owns many individual stocks, but one stands out for its massive financial impact in recent times. If you had invested $10,000 in this top Warren Buffett stock 10 years ago, here's how much you'd have today. Image source: The Motley Fool. Continue reading
Besides its wholly owned operating businesses, Berkshire Hathaway is known for its huge $327 billion public equities portfolio. The conglomerate owns many individual stocks, but one stands out for its massive financial impact in recent times. If you had invested $10,000 in this top Warren Buffett stock 10 years ago, here's how much you'd have today. Image source: The Motley Fool. Continue reading
On May 22, Kevin Warsh was officially appointed Chair of the Federal Reserve. He takes over for Jerome Powell, who has held the spot since 2018. Warsh is the sixth Fed Chair to assume control since 1979. Preceding him: A new Fed Chair generally creates uncertainty. Given the lengthy terms that Chairs often serve, the market usually has a pretty good sense of their thinking and what to expect from ...
On May 22, Kevin Warsh was officially appointed Chair of the Federal Reserve. He takes over for Jerome Powell, who has held the spot since 2018. Warsh is the sixth Fed Chair to assume control since 1979. Preceding him: A new Fed Chair generally creates uncertainty. Given the lengthy terms that Chairs often serve, the market usually has a pretty good sense of their thinking and what to expect from them. A new Chair may have different priorities and views on the economy. It's not out of the question that it could result in a policy pivot that catches the markets off guard. But while many investors may look at a new Fed Chair for guidance on how the markets might perform going forward, it's just one of many factors influencing stock returns. Continue reading
J Studios/DigitalVision via Getty Images Tariffs impact may be limited Trade policy returned to the spotlight this week as the United States announced new tariffs on 60 countries, with rates of either 10% or 12.5% depending on the trading partner. While the announcement may appear significant, the broader context is important. These tariffs are being implemented under Section 301, which allows the...
J Studios/DigitalVision via Getty Images Tariffs impact may be limited Trade policy returned to the spotlight this week as the United States announced new tariffs on 60 countries, with rates of either 10% or 12.5% depending on the trading partner. While the announcement may appear significant, the broader context is important. These tariffs are being implemented under Section 301, which allows the U.S. government to impose tariffs following trade investigations. In many cases, the new tariffs effectively replace temporary tariffs that were previously implemented under Section 122. As a result, they represent a change in legal framework rather than a substantial increase in tariff rates. From our perspective, this means the economic impact is likely to be limited. We continue to expect that any drag on growth or inflation from tariffs will fade as we move into the second half of the year. Attention is also beginning to shift toward upcoming USMCA negotiations. One key area to watch will be potential changes to rules of origin requirements, which determine how much North American content is required for goods to qualify for tariff exemptions. While tighter rules could modestly increase effective tariff rates, our base case remains that a trade agreement will ultimately be reached and that the overall impact on North American trade will remain manageable. However, there could still be some twists and turns before the agreement is signed. U.S. labor market remains resilient This week brought additional evidence that the U.S. labor market remains in solid shape. Job openings came in above expectations, indicating continued demand for workers. Private-sector employment data from both ADP and Revelio Labs also pointed to job growth of more than 100,000 positions in May. The May non-farm payrolls report also showed hiring well above consensus expectations. A resilient labor market continues to support household spending and reinforces the outlook for steady economic growth....
Ahead of SpaceX's highly anticipated IPO Co-host of Bloomberg Tech Ed Ludlow, Bloomberg New's Senior Equities reporter Bailey Lipschultz, and Bloomberg's Senior Aerospace Defense and Airline analyst George Ferguson join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss market expectations and the potential impact on the industry. (Source: Bloomberg)
Ahead of SpaceX's highly anticipated IPO Co-host of Bloomberg Tech Ed Ludlow, Bloomberg New's Senior Equities reporter Bailey Lipschultz, and Bloomberg's Senior Aerospace Defense and Airline analyst George Ferguson join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss market expectations and the potential impact on the industry. (Source: Bloomberg)
Rattankun Thongbun/iStock via Getty Images Something telling occurred in the ETF market in April. It flew under the radar among so many new fund launches, but the restaurants ETF (formerly, ticker EATZ) delisted. Why is that notable? Well, often, when ETFs dissolve, it can be a bullish contrarian indicator. Within the restaurant industry, a major laggard has been Krispy Kreme ( DNUT ). I upgraded ...
Rattankun Thongbun/iStock via Getty Images Something telling occurred in the ETF market in April. It flew under the radar among so many new fund launches, but the restaurants ETF (formerly, ticker EATZ) delisted. Why is that notable? Well, often, when ETFs dissolve, it can be a bullish contrarian indicator. Within the restaurant industry, a major laggard has been Krispy Kreme ( DNUT ). I upgraded the small-cap from a sell to a hold back in February . Shares are down 6% since then, trailing the S&P 500's 7.3% advance. Today, I reiterate a hold rating. I assert the turnaround efforts are progressing, and we've seen retail equities show signs of improvement lately. I want to remind investors that stock prices, while never perfect, are the best leading indicators. Thus, we could see an improving consumption backdrop over the back half of the year. It's just something to watch, and a trend I'm seeing when analyzing markets each day. Another important recent event? Last Friday was National Donut Day. .. I hope you took advantage of the deals. For now, let's step into the delightful aroma of Krispy Kreme and see how the fundamentals and technicals shake out. DNUT Lags, But Well Off the YTD Low stockcharts.com Back in May, Krispy Kreme reported a mixed set of quarterly results. Q4 non-GAAP EPS of -$0.05 missed the Wall Street consensus forecast of -$0.02, while revenue of $367 million, down 9% from the same period last year, was a material $7.6 million beat. The firm reported a GAAP net loss of $22.7 million, while adjusted EBITDA was +$33.1 million. Shares dipped 1.1% in the session that followed, a much calmer reaction compared to a stunning 28% surge after the February report. Looking ahead to the August Q3 report, the options market prices in a high 10.1% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the release. Shares of the $605 million market-cap Restaurants industry stock in the Consumer Staples sector feature high imp...
J. Michael Jones/iStock Editorial via Getty Images Introduction I sold Academy Sports and Outdoors ( ASO ) in late 2024 at a price of around $62. The sale was timely, as the stock plunged all the way down to around $35. I saw two problems, which made me turn bearish: negative comparable sales while Dick's ( DKS ) was able to beat the consensus estimates and a weaker expansion trajectory, which mad...
J. Michael Jones/iStock Editorial via Getty Images Introduction I sold Academy Sports and Outdoors ( ASO ) in late 2024 at a price of around $62. The sale was timely, as the stock plunged all the way down to around $35. I saw two problems, which made me turn bearish: negative comparable sales while Dick's ( DKS ) was able to beat the consensus estimates and a weaker expansion trajectory, which made me question the profitability trajectory I had previously modeled. However, the stock has climbed back up above $50, and an update is needed as the company is about to report its Q1 FY26 earnings. Academy Sports and Outdoors' Q1 2026 Earnings Preview Before we deal with ASO directly, let's take a quick look at the macroeconomic environment. As we can see, sports and recreational goods increased sharply after the pandemic, but then the growth of the category moderated. However, recently, it started accelerating a bit as the secular trend resumed strength. FRED At the same time, the May 2026 Conference Board CCI shows that, since the 2021 peak, consumer confidence has been deteriorating and that 66.5% of the surveyed consumers plan on cutting back on spending for clothing and other discretionary items because of inflationary pressure. This, of course, is not ASO-specific, but it is a structural headwind for discretionary goods retailers. The Conference Board ASO's geographical footprint is mainly in the Sunbelt and the Southeast. These regions are, generally speaking, wealthy; however, ASO has traditionally addressed lower-income households. Starting in late 2024, the company pivoted to being attractive for higher-income households, and we recently learned that the percentage of this more affluent kind of customer is increasing: "Beginning in the third quarter of 2024, we saw the growth in households making above $100,000. So quintiles 4 and 5 are growing in a way that outperformed the degradation below $50,000. So below are quintiles 1 and 2." Moreover, Goldman Sachs belie...
A US congressional committee has cast doubt on Donald Trump’s “Golden Fleet” programme, warning it could overwhelm already strained nuclear-powered shipbuilding capacity and calling for a detailed review of its centrepiece battleship. One lawmaker also warned of the vulnerability of battleships in modern maritime warfare, citing the capabilities of the People’s Liberation Army’s Dongfeng missile s...
A US congressional committee has cast doubt on Donald Trump’s “Golden Fleet” programme, warning it could overwhelm already strained nuclear-powered shipbuilding capacity and calling for a detailed review of its centrepiece battleship. One lawmaker also warned of the vulnerability of battleships in modern maritime warfare, citing the capabilities of the People’s Liberation Army’s Dongfeng missile series, which includes the DF-21D ballistic missile – widely dubbed a “carrier killer”. The...
Heather Diehl/Getty Images News United Airlines ( UAL ) Chief Executive Scott Kirby publicly criticized Rolls-Royce ( RYCEF )( RYCEY ) on Sunday, accusing the engine maker of failing to support the carrier as the two companies remain at odds over a major aircraft agreement, Bloomberg News reported Sunday. Speaking at the International Air Transport Association's annual meeting in Rio de Janeiro, K...
Heather Diehl/Getty Images News United Airlines ( UAL ) Chief Executive Scott Kirby publicly criticized Rolls-Royce ( RYCEF )( RYCEY ) on Sunday, accusing the engine maker of failing to support the carrier as the two companies remain at odds over a major aircraft agreement, Bloomberg News reported Sunday. Speaking at the International Air Transport Association's annual meeting in Rio de Janeiro, Kirby contrasted Rolls-Royce with rival engine manufacturers. “GE is the best, I think Pratt & Whitney is working hard, so I appreciate their attitude and what they’re doing, and my sentiment is that Rolls doesn’t care,” Kirby said. Kirby argued that Rolls-Royce benefits from its exclusive position as the sole engine supplier for Airbus's ( EADSF ) ( EADSY ) A350-1000 widebody jet. “Because they have a monopoly position on the A350-1000,” Kirby said, Rolls-Royce continues to win orders despite the dispute. The unusually public criticism comes after United ( UAL ) walked away from an earlier order for 45 Airbus A350 aircraft. Kirby said the decision stemmed from Rolls-Royce's failure to meet contractual commitments, adding that if the manufacturer wants to repair the relationship it must “start by honoring the contract.” For investors, the dispute underscores the leverage engine manufacturers can wield in the commercial aerospace market, where limited supplier options often leave airlines with little bargaining power. The clash also highlights ongoing tensions in the aircraft supply chain at a time when airlines are expanding fleets and manufacturers are working through production and delivery constraints. Rolls-Royce CEO Tufan Erginbilgic offered a different view last week, saying, “we met all our contractual obligations, and I would like to find a way to work with United.” In response to Kirby's remarks, a Rolls-Royce spokesman said that “every customer is important” and that the company looks forward “to strengthening our strategic partnership” with United. Kirby also said...