jetcityimage/iStock Editorial via Getty Images Shares of domestic automakers jumped on Wednesday, April 8. Companies, like General Motors ( GM ) and Ford ( F ), have reportedly sought relief from steep tariffs on aluminum. It remains to be seen if there will be a reprieve, but the OEMs have a history of swaying White House policy. In the here and now, all eyes will be on Q1 delivery numbers and ea...
jetcityimage/iStock Editorial via Getty Images Shares of domestic automakers jumped on Wednesday, April 8. Companies, like General Motors ( GM ) and Ford ( F ), have reportedly sought relief from steep tariffs on aluminum. It remains to be seen if there will be a reprieve, but the OEMs have a history of swaying White House policy. In the here and now, all eyes will be on Q1 delivery numbers and earnings results in the coming weeks. As for GM, I had a "B uy" rating on the stock back in October 2025 . I hiked my price target then, and GM is +16% over the past six months. Today, I reiterate a "B uy" rating. I’ll provide a refreshed valuation and offer an update to the technical situation. GM Outperforming YoY Stockcharts.com Back in January, GM reported a mixed set of quarterly results. Q4 non-GAAP EPS of $2.51 topped the Wall Street consensus forecast of $2.26, while revenue of $45.3 billion, down 5% from the same period a year earlier, was a $750 million miss. Its fourth-quarter adjusted EBIT rose 13% YoY but also fell 16% sequentially. Still, the management team posted guidance above estimates. Shares soared 8.7% in the session that followed, marking a second straight healthy post-earnings climb. Looking ahead to the April 28 Q1 report, the options market prices in a somewhat elevated 6.3% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the release. Implied volatility on GM stock is also a tad high at 43%, while short interest on the $68 billion market cap large-cap is low at 2.3%. Looking back on the quarter that was, GM tallied solid overall numbers, despite the top-line miss. Performance was boosted by strong pricing and cost efficiencies, which helped offset $0.7 billion in tariff impacts and lower volumes. While wholesale units declined to 937,000, the firm maintained healthy North American dealer inventory at 48 days. I'd call out that its adjusted automotive free cash flow for the quarter rose to $2.8 billion, an i...
(RTTNews) - Stock of Fastly, Inc. (FSLY) is falling about 10 percent on Thursday morning trading after it announced collaboration with LALIGA, Spain's Professional Football Association, to develop technical solutions to address the illegal streaming of live sports.
(RTTNews) - Stock of Fastly, Inc. (FSLY) is falling about 10 percent on Thursday morning trading after it announced collaboration with LALIGA, Spain's Professional Football Association, to develop technical solutions to address the illegal streaming of live sports.
Disruption in the Strait of Hormuz has created lots of trading opportunities in the energy markets and investors are looking for the most efficient vehicles for expressing a view
Disruption in the Strait of Hormuz has created lots of trading opportunities in the energy markets and investors are looking for the most efficient vehicles for expressing a view
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
(RTTNews) - A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. unexpectedly rebounded in the month of February.
(RTTNews) - A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. unexpectedly rebounded in the month of February.
Key PointsThe high-growth "Magnificent Seven" stocks have suffered an average decline of 11.5% in 2026 so far, while the Nasdaq-100 index is down just 4.8%.
Key PointsThe high-growth "Magnificent Seven" stocks have suffered an average decline of 11.5% in 2026 so far, while the Nasdaq-100 index is down just 4.8%.
In early trading on Thursday, shares of Marvell Technology (MRVL) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.6%. Year to date, Marvell Technology registers a 39.5% gain. And the worst performing Nasdaq 100 component thus far o
In early trading on Thursday, shares of Marvell Technology (MRVL) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.6%. Year to date, Marvell Technology registers a 39.5% gain. And the worst performing Nasdaq 100 component thus far o
Hi, it’s Swetha Gopinath in London, recapping my recent chat with the head of UniCredit’s growing ECM business. Also today, why private markets’ software pain is about to get a lot worse. Today’s top stories CVC seeks partners to back €10.9 billion Recordati deal. 7-Eleven owner delays US unit IPO as revamp needs time. Goldman-backed Go Taxi app plans Japan IPO this year. Lithium developer US Elem...
Hi, it’s Swetha Gopinath in London, recapping my recent chat with the head of UniCredit’s growing ECM business. Also today, why private markets’ software pain is about to get a lot worse. Today’s top stories CVC seeks partners to back €10.9 billion Recordati deal. 7-Eleven owner delays US unit IPO as revamp needs time. Goldman-backed Go Taxi app plans Japan IPO this year. Lithium developer US Elemental to list in $573 million SPAC deal. Paramount M&A loan cut to $49 billion as lending group swells. Seat at the table For the past three years, Silvia Viviano has been building out the equity capital markets business at UniCredit. The Italian bank’s global head of ECM has worked on a number of recent high-profile IPOs, such as those of defense firms CSG and Vincorion. I caught up with her to talk about the challenges of growing the ECM desk and how the current market turbulence is impacting her business. Here are some highlights from our chat. —Swetha Gopinath Can you talk a bit about your build out of UniCredit’s ECM franchise? I took over the role in April 2023 and outlined a three-legged strategy to revitalize the department. The sequencing was intentional: begin with balance-sheet-led strategic equity solutions, deepen early-stage relationships through private capital markets and then execute flawlessly through a strengthened cash ECM and syndicate platform. This orchestration is what has revitalized the franchise. How has this team developed? Since 2021, we have fundamentally reshaped the team, strengthening origination in Milan and Munich and, importantly, building a fully-fledged syndicate desk, which acts as the link between ECM and Kepler Cheuvreux’s pan-European investor distribution. Has it been a challenge internally? It was a bit of a change, altering our mindset even internally to make it clear that we deserve a seat at the table and we can deliver. It also means we have put a lot of focus on execution, of course, because clients will only trust you if you...
lorozco3D/iStock via Getty Images Carol Schleif, chief market strategist at BMO Private Wealth, believes market fundamentals remain robust despite significant geopolitical tensions, arguing that stock markets ( SP500 ), ( COMP:IND ), ( DJI ) have been signaling a desire to move past external shocks for weeks. While acknowledging the wide range of potential outcomes from current global conflicts, S...
lorozco3D/iStock via Getty Images Carol Schleif, chief market strategist at BMO Private Wealth, believes market fundamentals remain robust despite significant geopolitical tensions, arguing that stock markets ( SP500 ), ( COMP:IND ), ( DJI ) have been signaling a desire to move past external shocks for weeks. While acknowledging the wide range of potential outcomes from current global conflicts, Schleif maintains that equity markets are focused on underlying economic strength and the upcoming earnings season rather than unpredictable geopolitical developments. In an interview with CNBC, Schleif pointed to historical precedents to support her outlook, noting that markets bottomed during the Covid-19 pandemic in March 2020 despite it taking years to reach full resolution. “Markets have definitely moved on, and they definitely want to focus on fundamentals,” she said, adding that the upcoming earnings season will provide investors the opportunity to assess how companies are preparing for and managing global impacts. BMO Private Wealth has maintained a consistently optimistic view on the U.S. economy, having not expected a recession for years—including during periods of broader market concern in 2022 and last year. “We thought the economy was going to power through because the resiliency of our companies,” Schleif explained. She noted that the current environment could allow for stronger-than-expected growth while benefiting from deflationary pressures that would prevent inflation from spiking. For investors navigating the current uncertainty, Schleif counseled patience over market timing. “Don’t try to time the market because over the long run, the criticality is time in the market,” she advised. Her recommendation involves making incremental adjustments—trimming winning positions to reallocate capital elsewhere rather than making dramatic portfolio shifts based on daily headlines. When it comes to specific opportunities, Schleif identified industrials ( XLI ), financi...
We Are/DigitalVision via Getty Images Summary I am neutral on Paychex ( PAYX ). I think the story is getting better, mainly because Paycor integration is tracking well and the outsourcing business is doing well too. Those two areas could help PAYX broaden beyond basic payroll and support better growth over time. That said, I do not think the market will re-rate the stock any higher from here becau...
We Are/DigitalVision via Getty Images Summary I am neutral on Paychex ( PAYX ). I think the story is getting better, mainly because Paycor integration is tracking well and the outsourcing business is doing well too. Those two areas could help PAYX broaden beyond basic payroll and support better growth over time. That said, I do not think the market will re-rate the stock any higher from here because core growth is still weak without Paycor, and the next quarter is likely to look slower on the headlines. Company overview PAYX is a human capital management business that provides payroll, HR, employee benefits, and insurance services in the US and parts of Europe. PAYX has three proprietary SaaS platforms: SurePayroll, Paychex Flex, and Paycor, and they are split into two categories: Management Solutions and PEO (Professional Employer Organization) and Insurance Solutions. Management Solutions covers payroll and broader HCM-related services. PEO and Insurance Solutions covers HR outsourcing, benefits, and insurance-related offerings. PAYX also earns interest on funds held for clients before those funds are remitted. Paycor and Outsourcing I see two key positive points for PAYX. The most important one is the Paycor acquisition . The primary concern, I think, the market has is integration given the size of this acquisition. My expectation is PAYX to execute well on this front, and we do have datapoints to support this. First and foremost, management commented that integration is progressing well and remains on track to exceed the FY2026 synergy targets. The more important datapoint is that bookings and broker referrals have reaccelerated to pre-acquisition levels, sales headcount is being added, and PAYX is getting traction cross-selling ASO (Administrative Services Only), PEO, and retirement solutions into the Paycor base. This is a massive win for PAYX because if Paycor can help PAYX sell more services into a broader customer base, then there are credible revenue syner...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. What Joe and Tracy are thinking about today... Hello Odd Lots readers. Today we are using the newsletter to let you know that we’re coming to London and that you can buy tickets now . Our first ever public show outside the US will be held at Wilton’s Music Hall on Thursday, May 7. Doors open at 6 p.m. and the show starts at 7 p.m. We have some great guests booked already, with more names to be announced soon. But we wanted newsletter readers to get the first crack at going, so we’re placing the link here, before publicizing it elsewhere. If you’re around, we’d love to see you there for an evening of live recordings, and hanging out with fellow listeners and readers. On the podcast Today on the podcast we had the opportunity to speak with the legendary trading entrepreneur Thomas Peterffy, the founder and chairman of Interactive Brokers . Like several other players, IBKR is trying to get into the prediction markets business, which Peterffy expects to eventually be huge. So we talk to him about the firm’s offering, its business model, and what it will take to attract institutional investors into the space. Listen: Apple / Spotify More from Bloomberg Enjoying Odd Lots? Check out these newsletters: Markets Daily for what’s moving in stocks, bonds, FX and commodities Going Private for coverage of private markets and the forces moving capital away from the public eye CFO Briefing for what finance leaders need to know Deals for transactions and analysis, from IPOs to st...
Grupo Cibest S.A. press release ( CIB ): Q4 net income attributable to shareholders was COP 3.8 trillion. The quarterly annualized return on equity for Grupo Cibest was 9.1% for the quarter. More on Grupo Cibest S.A. Grupo Cibest S.A. 2025 Q4 - Results - Earnings Call Presentation Grupo Cibest S.A. (CIB) Q4 2025 Earnings Call Transcript Grupo Cibest: A Good Diversification Play In The Global Banki...
Grupo Cibest S.A. press release ( CIB ): Q4 net income attributable to shareholders was COP 3.8 trillion. The quarterly annualized return on equity for Grupo Cibest was 9.1% for the quarter. More on Grupo Cibest S.A. Grupo Cibest S.A. 2025 Q4 - Results - Earnings Call Presentation Grupo Cibest S.A. (CIB) Q4 2025 Earnings Call Transcript Grupo Cibest: A Good Diversification Play In The Global Banking Sector Seeking Alpha’s Quant Rating on Grupo Cibest S.A. Historical earnings data for Grupo Cibest S.A.