HOT TOPICS China responds to U.S. Section 301 tariffs Washington announced the results of its most extensive Section 301 investigation, proposing additional tariffs of 10% or 12.5% on 60 economies. In response, China’s Ministry of Foreign Affairs stated that Beijing consistently opposes all forms of unilateral tariffs, emphasizing that tariff and trade wars do not serve any party’s interests and t...
HOT TOPICS China responds to U.S. Section 301 tariffs Washington announced the results of its most extensive Section 301 investigation, proposing additional tariffs of 10% or 12.5% on 60 economies. In response, China’s Ministry of Foreign Affairs stated that Beijing consistently opposes all forms of unilateral tariffs, emphasizing that tariff and trade wars do not serve any party’s interests and that economic and trade issues should be resolved through dialogue and consultation based on equality, respect and mutual benefit.
Justin Paget/DigitalVision via Getty Images I don't know about you, but I love swimming. Unfortunately, I don't get to do it enough. But one day, hopefully that will change. For those who, like me, enjoy this pastime and who would be interested in owning shares of a company that provides in-ground residential pools throughout North America, one valid prospect to consider is none other than Latham ...
Justin Paget/DigitalVision via Getty Images I don't know about you, but I love swimming. Unfortunately, I don't get to do it enough. But one day, hopefully that will change. For those who, like me, enjoy this pastime and who would be interested in owning shares of a company that provides in-ground residential pools throughout North America, one valid prospect to consider is none other than Latham Group ( SWIM ). Unfortunately for those who have owned the stock since I last wrote about it in February of this year, things have been rather unpleasant. Shares are down 20.8% while the S&P 500 is up 9.6%. This is in spite of the fact that revenue for the business continues to climb and may be driven in part by temporary weakness on the bottom line. However, shares of the business look incredibly cheap right now. And even though I do worry about the state of the economy, the stock is cheap enough to justify a bullish outlook. Testing the Waters Author - SEC EDGAR Data The newest data that investors have regarding Latham Group covers through the first quarter of the company's 2026 fiscal year . Before we get to that, however, I would like to point you to the chart above. In it, you can see financial performance for the 2023 through 2025 fiscal years . Revenue and profits have risen during this window of time. Cash flows for the company were up in 2025 compared to 2024. The fact of the matter is that, even at a time when consumers are weak, the firm has done a solid job. And that is because the value proposition that exists for consumers is undeniable. Latham Group A lot of what the company does is centered around higher-quality in-ground pools. Specifically, I'm talking about fiberglass ones. These are more expensive, premium alternatives to other options like vinyl. The most recent data shows that about 77% of the firm's revenue that is associated with in-ground pool sales comes from fiberglass ones. And 17% of those pool sales came from what management calls the ‘Sand Sta...
Nick David/DigitalVision via Getty Images Genesco Inc. ( GCO ) presented 1Q27 results (quarter ended May 2, 2026). The results continue some of the trends from previous quarters : better topline performance in Journeys and J&M, which is not fully translating into the bottom line because of other costs in CoGS and SG&A, and a very pressured Schuh. Considering where the company's segments are from a...
Nick David/DigitalVision via Getty Images Genesco Inc. ( GCO ) presented 1Q27 results (quarter ended May 2, 2026). The results continue some of the trends from previous quarters : better topline performance in Journeys and J&M, which is not fully translating into the bottom line because of other costs in CoGS and SG&A, and a very pressured Schuh. Considering where the company's segments are from an operational standpoint and the risk inherent in a B&M retailer of footwear, I don't think a 17x multiple implied by the current stock price versus the midpoint of guidance is attractive. For that reason, I maintain a Hold on Genesco. 1Q27 Results Genesco’s quarter was better than expected and better than last year at the aggregate level. Sales increased 3% to ~$490 million, with comparable sales up 2%. The drivers were Journeys and Johnston & Murphy, with Schuh remaining a drag. Journeys continues to be the best part of the story. Comps were up 5% on top of 8% last year, and sales increased 5% to $285 million. The banner switched to a new strategy based on higher-value brands, more fashion content, and focusing on teenage girls as the core consumer. This is working on the top line, but not as much on the bottom line. The segment's operating loss improved by $3 million to $12, but overall margins are not much better, considering the revenue growth in comps. The reasons, in my opinion, are lower gross margins coming from the mix (commented on explicitly in the call ) and generally higher sales costs in-store or online for a higher-priced product. J&M was also good. Comps accelerated to 7%, and sales increased 6% to ~$80 million. In this case, the company is investing more in marketing (Peyton Manning campaign), and, according to management, the back-to-the-office movement and a dressier shift in male fashion are helping. Operating income improved substantially, from $0.5 million to $1.5 million. Schuh was the main negative. Again, not surprising versus previous quarters. Co...
印尼盾兑美元汇率跌破18000这一心理关口，投资者密切关注央行是否会采取更强有力的应对措施。 印尼盾周四一度跌0.5%，今年以来累计跌幅已达约8%。 法巴 银行、三菱日联银行和PT Mega Capital Sekuritas预计，印尼央行将加强市场干预力度，并可能最早于本月再次加息。 法巴银行策略师Parisha Saimbi指出，印尼当局过去一直捍卫整数关口，18，000可能是市场参与者将密切...
印尼盾兑美元汇率跌破18000这一心理关口，投资者密切关注央行是否会采取更强有力的应对措施。 印尼盾周四一度跌0.5%，今年以来累计跌幅已达约8%。 法巴 银行、三菱日联银行和PT Mega Capital Sekuritas预计，印尼央行将加强市场干预力度，并可能最早于本月再次加息。 法巴银行策略师Parisha Saimbi指出，印尼当局过去一直捍卫整数关口，18，000可能是市场参与者将密切关注的一个心理水平。“印尼央行的干预行动似乎旨在遏制货币贬值的速度。” 印尼盾是今年亚洲表现最差的货币，部分原因在于市场担心高企的油价将推高能源补贴成本，导致印尼预算赤字扩大。跌破18，000关口可能会加速外资从当地股债市场撤离，也使得该水平成为经济逆风日益严峻之时，决策者寻求恢复市场信心所面临的一道重要考验。 今年以来，投资者对印尼资产的信心恶化。MSCI Inc．此前警告该国可能被重新归类为前沿市场，惠誉和穆迪下调了该国主权评级展望。此外，市场对政府试图加强对关键大宗商品出口管控的举措也日益担忧。 “稳定印尼盾汇率是印尼央行的一项关键任务，”三菱日联银行的外汇策略师Lloyd Chan表示。“鉴于印尼盾的贬值趋势，央行6月可能不得不再次加息”，他预测加息幅度将达到50个基点。 印尼央行已祭出一系列措施以支持本币并吸引资金流入，其中包括发行印尼盾计价票据以及收紧美元购汇要求。上月，该行出人意料地加息50个基点，下一次政策决定将于6月18日公布。 印尼央行周三在一份声明中表示，将继续在市场上稳定印尼盾汇率，并充分利用所有可用政策工具，以维持外汇流动性并支持金融市场稳定。 责任编辑：于健 SF069
STORY: The AI boom isn’t boosting all chip stocks equally. Shares in Broadcom plunged as much as 13% Wednesday after its outlook for demand disappointed investors. The U.S. firm said it expects AI chip revenue of $16 billion in the third quarter, a little below expectations. Revenue for the previous period also fell short of Wall Street hopes. Chief Executive Hock Tan said Broadcom was leaving its...
STORY: The AI boom isn’t boosting all chip stocks equally. Shares in Broadcom plunged as much as 13% Wednesday after its outlook for demand disappointed investors. The U.S. firm said it expects AI chip revenue of $16 billion in the third quarter, a little below expectations. Revenue for the previous period also fell short of Wall Street hopes. Chief Executive Hock Tan said Broadcom was leaving its long-range forecast for AI chip sales unchanged at $100 billion. The firm’s ability to meet demand has been strained by supply chain issues. It also faces a growing threat from rivals like Marvell Technology, which is making inroads with sales to tech giants. Even so, Broadcom remains a major beneficiary of the AI investment race. Analysts say it has a strong position in custom chips. They are in hot demand amid the rise of inference - the process by which chatbots respond to user queries. Big Tech firms like Alphabet and Microsoft are expected to spend some $700 billion on AI infrastructure this year, with much of that money set to flow to chipmakers.
New York Knicks 105–95 San Antonio Spurs Knicks guard leads way with 30 points The New York Knicks entered Game 1 of this year’s NBA finals on one of the hottest streaks in playoff history: 11 games won in a row with opponents humiliated, humbled and crushed along the way. On Wednseday night in San Antonio many believed that streak would end as they faced the Spurs, who had knocked out the defendi...
New York Knicks 105–95 San Antonio Spurs Knicks guard leads way with 30 points The New York Knicks entered Game 1 of this year’s NBA finals on one of the hottest streaks in playoff history: 11 games won in a row with opponents humiliated, humbled and crushed along the way. On Wednseday night in San Antonio many believed that streak would end as they faced the Spurs, who had knocked out the defending champion Oklahoma City Thunder in the previous round, and are led by the most exciting player in the world , Victor Wembanyama. The Knicks won anyway, keeping Wembanyama quiet for long stretches in a 105-95 victory on the Spurs’ home court. They are now just three wins from their first title since 1973. Continue reading...