Organic Media/E+ via Getty Images U.S. ISM Manufacturing PMI increased to 54.0 in May, reaching its highest level since May 2022 and exceeding the 53.1 consensus, according to data released by the Institute for Supply Management on Monday. The reading rose from 52.7 in April, with the new orders index expanding for the fifth straight month. Production rose to 54.3 in May from 53.4 in the prior mon...
Organic Media/E+ via Getty Images U.S. ISM Manufacturing PMI increased to 54.0 in May, reaching its highest level since May 2022 and exceeding the 53.1 consensus, according to data released by the Institute for Supply Management on Monday. The reading rose from 52.7 in April, with the new orders index expanding for the fifth straight month. Production rose to 54.3 in May from 53.4 in the prior month. " In May, U.S . manufacturing activity remained in expansion territory, growing at a faster pace compared to the month before," said Susan Spence, chair of the ISM Manufacturing Business Survey Committee. "Of the five subindexes that make up the PMI , the new orders index indicated faster growth compared to the previous month, the supplier deliveries index stayed the same, the production index grew at a faster rate, and the employment and inventories indexes remained in contraction, though both improved. Manufacturing prices: 82.1 vs. 84.6 in April. Employment: 48.6 vs. 46.4. New orders: 56.8 vs. 54.1. Supplier deliveries: 60.6 vs. 60.6. More on the US Economy Oil Gains On Apparent Lack Of Middle East Progress PMI Manufacturing improves less than initially estimated in May's final reading U.S. GDP growth estimate revised down to 1.6% in Q1, consumer spending slows The May Labor Market Likely To Be Weak - Yet The Fed Might Still Need To Hike
FabrikaCr/iStock via Getty Images Introduction “ Undervalued and Ramping Up ” was how I described ERO Copper ( ERO ) last August. Since then, production is up, copper prices are higher, and the shares have more than doubled. To say this Brazil-focused copper-gold miner was just performing well would be an understatement; Ero is firing on all cylinders. Q1 copper production rose 39% year-on-year, d...
FabrikaCr/iStock via Getty Images Introduction “ Undervalued and Ramping Up ” was how I described ERO Copper ( ERO ) last August. Since then, production is up, copper prices are higher, and the shares have more than doubled. To say this Brazil-focused copper-gold miner was just performing well would be an understatement; Ero is firing on all cylinders. Q1 copper production rose 39% year-on-year, driven by the continued ramp-up of ERO’s new Tucumã Mine. That production growth has coincided with rising copper prices, with the rising gold price providing an additional tailwind. More importantly, ERO is transitioning from a company undergoing a heavy investment period to one beginning to harvest the benefits of that spending. As Tucumã ramps up, this will increasingly translate into stronger cash flow generation. Despite the recent rally in the shares, I do not believe the market is fully pricing in the earnings growth Ero is achieving in a copper market I view as in a structural uptrend . Ero’s production growth has arrived, the copper price has increased, and the shares have risen, but how much does Ero have left in the tank? In this article, I’ll explore the latest results, the developments driving this rally, and ultimately why I believe Ero Copper’s shares remain a buy. Q1 Earnings Ero started the year strong, with Q1 ’26 earnings showing quarterly production of 17,287 tonnes of copper (+39.1% y/y) and 5,495 ounces of gold (-17.2% y/y) from their three operational mines. Both the Caraíba and Tucumã saw increased growth in their copper production. Tucumã represented the biggest contributor with production rising 66.9% y/y to reach 8,461 tonnes. This comes as the mine has completed its ramp-up compared to the early production stage it was at a year ago, with ore processed increasing 91% y/y at a lower grade than a year before (1.66% vs. 2.18%). C1 cash costs came in at $1.97/lb of copper, towards the lower end of an annually guided $1.95-$2.15/lb range. With Tucumã’s...
Getty Images Getty Images Tesla, Inc. ( TSLA ) is near all-time highs and a $1.4 trillion market capitalization. The company is one that we've been largely bearish on, discussing weak deliveries in our last article . Since late-2021 peaks though, the stock has returned less than 10%, substantially underperforming the market. As we'll see, weakness in energy storage, once the company's fastest grow...
Getty Images Getty Images Tesla, Inc. ( TSLA ) is near all-time highs and a $1.4 trillion market capitalization. The company is one that we've been largely bearish on, discussing weak deliveries in our last article . Since late-2021 peaks though, the stock has returned less than 10%, substantially underperforming the market. As we'll see, weakness in energy storage, once the company's fastest growth engine by % along with the combination of weak earnings and delays to growth projects show the company remains massively overvalued. Tesla Q1 2026 Financial Results Tesla saw just over $16 billion in revenue in Q1 2026, 16% YoY growth, but its weakest quarter since Q1 2025. Tesla Earnings Presentation The strong revenues were boosted by reasonable profit boosted by strong gross margins. However, EPS of $0.13 grew at a mere 1% and TTM GAAP EPS $1.09 puts the company at a P/E of more than 400x. Similarly the company's FCF yield for the TTM is well below 1%. The company needs a path to 10+x profits to justify its valuation and we simply don't see things changing. Margins, service revenue, etc., is all respectable for an auto maker but having a valuation several times one isn't. There's also a concern here that energy services and storage, which we'll discuss in more detail below, are businesses that have grown reliably for a while and now shrunk. Tesla Production and Self-Driving Tesla's vehicle production has remained in line with prior quarters and relatively weak with deliveries for the past year at ~1.6 million. Tesla Earnings Presentation Tesla expanded substantially into COVID-19 before hitting this cap of less than 2 million vehicles / year that it's been stuck in for a number of years. We don't see that changing substantially. The growth in inventory to 27 days of supply, its highest in the last year. Full self-driving, or FSD, subscriptions have grown, but at $1.3 billion in annual revenue the business is still marginal and capped by deliveries. Tesla Earnings Pres...
Getty Images Getty Images Tesla, Inc. ( TSLA ) is near all-time highs and a $1.4 trillion market capitalization. The company is one that we've been largely bearish on, discussing weak deliveries in our last article . Since the late-2021 peaks, though, the stock has returned less than 10%, substantially underperforming the market. As we'll see, weakness in energy storage, once the company's fastest...
Getty Images Getty Images Tesla, Inc. ( TSLA ) is near all-time highs and a $1.4 trillion market capitalization. The company is one that we've been largely bearish on, discussing weak deliveries in our last article . Since the late-2021 peaks, though, the stock has returned less than 10%, substantially underperforming the market. As we'll see, weakness in energy storage, once the company's fastest growth engine by percentage, along with the combination of weak earnings and delays to growth projects, shows the company remains massively overvalued. Tesla Q1 2026 Financial Results Tesla saw just over $16 billion in revenue in Q1 2026, 16% YoY growth, but its weakest quarter since Q1 2025. Tesla Earnings Presentation The strong revenues were boosted by reasonable profit boosted by strong gross margins. However, EPS of $0.13 grew at a mere 1%, and TTM GAAP EPS of $1.09 puts the company at a P/E of more than 400x. Similarly, the company's FCF yield for the TTM is well below 1%. The company needs a path to 10+x profits to justify its valuation, and we simply don't see things changing. Margins, service revenue, etc., are all respectable for an automaker, but having a valuation several times one isn't. There's also a concern here that energy services and storage, which we'll discuss in more detail below, are businesses that have grown reliably for a while and now shrunk. Tesla Production and Self-Driving Tesla's vehicle production has remained in line with prior quarters and relatively weak, with deliveries for the past year at ~1.6 million. Tesla Earnings Presentation Tesla expanded substantially into COVID-19 before hitting this cap of less than 2 million vehicles/year that it's been stuck in for a number of years. We don't see that changing substantially. The growth in inventory to 27 days of supply, is its highest in the last year. Full self-driving, or FSD, subscriptions have grown, but at $1.3 billion in annual revenue, the business is still marginal and capped by deli...
Vladimir Zakharov A screen of U.S. stocks with market capitalizations above $10 billion highlights Centene Corporation ( CNC ), Pfizer ( PFE ), BioMarin Pharmaceutical ( BMRN ), and Bristol-Myers Squibb ( BMY ) among the market's most attractively valued companies relative to their sector peers. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its sp...
Vladimir Zakharov A screen of U.S. stocks with market capitalizations above $10 billion highlights Centene Corporation ( CNC ), Pfizer ( PFE ), BioMarin Pharmaceutical ( BMRN ), and Bristol-Myers Squibb ( BMY ) among the market's most attractively valued companies relative to their sector peers. Seeking Alpha's valuation grade compares how expensive or cheap a stock is relative to others in its specific sector. The score is calculated using a comprehensive combination of underlying valuation metrics—including P/E, PEG, EV/Sales, EV/EBITDA, EV/EBIT, Price/Sales, Price/Book, Price/Cash Flow, and dividend yield—factoring in both current and forward estimates. The stock screen revealed strong value metrics across several major healthcare equipment, services, and pharmaceutical firms: 10 large-cap U.S. healthcare stocks with top valuation grades (i.e., the cheapest stocks with a market cap of $10B and above): Centene Corporation ( CNC ) : Valuation Grade A+ Pfizer ( PFE ) : Valuation Grade A BioMarin Pharmaceutical ( BMRN ) : Valuation Grade A- Bristol-Myers Squibb ( BMY ) : Valuation Grade A- Tenet Healthcare ( THC ) : Valuation Grade A- The Cigna Group ( CI ) : Valuation Grade B+ CVS Health ( CVS ) : Valuation Grade B+ DaVita ( DVA ) : Valuation Grade B+ Neurocrine Biosciences ( NBIX ) : Valuation Grade B+ Incyte Corporation ( INCY ) : Valuation Grade B More on Centene, Pfizer, etc. Boston Scientific Corporation (BSX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Bristol-Myers Squibb Is Quietly Building Its Next Growth Cycle Tenet Healthcare Corporation's Regulatory Woes Don't Put It In The ER Incyte lymphoma therapy lifts cancer-free survival by 25% in late-stage trial Bristol-Myers multiple myeloma data boost C4
Met says non-fatal stabbings took place after most of the crowds had dispersed on Sunday evening Six people were stabbed after Arsenal’s Premier League victory parade in north London on Sunday, police have said. The Metropolitan police said the stabbings took place in the evening after most of the crowds had dispersed. Twenty-four people were arrested. Continue reading...
Met says non-fatal stabbings took place after most of the crowds had dispersed on Sunday evening Six people were stabbed after Arsenal’s Premier League victory parade in north London on Sunday, police have said. The Metropolitan police said the stabbings took place in the evening after most of the crowds had dispersed. Twenty-four people were arrested. Continue reading...
Need a pair of grown-up shorts? A summer sandal that works with everything? Or perhaps just a really cute bag? Our expert’s monthly edit is here to help • 52 women’s summer wardrobe updates for under £100 Weddings! Wimbledon! It’s June, which means that summer has well and truly arrived. The May heatwave may have flagged some gaps in your warm-weather wardrobe, so here are some of this month’s jui...
Need a pair of grown-up shorts? A summer sandal that works with everything? Or perhaps just a really cute bag? Our expert’s monthly edit is here to help • 52 women’s summer wardrobe updates for under £100 Weddings! Wimbledon! It’s June, which means that summer has well and truly arrived. The May heatwave may have flagged some gaps in your warm-weather wardrobe, so here are some of this month’s juiciest style updates. Read on for everything from the season’s most chic capri pants to bikini bottoms for under £10, plus some tips on under-the-radar brands to keep an eye on. Keep cool out there, comrades. Continue reading...
From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at home Tech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an unrivaled attempt to influence who gets to run the state that Silicon Valley c...
From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at home Tech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an unrivaled attempt to influence who gets to run the state that Silicon Valley calls home. The industry has used a cover-all-bases approach, funding candidates and ballot measures big and small, contributing to what looks to be the most expensive primary season in California history. The goal, experts say, is to gain both political and regulatory leverage that will perpetuate dominance in business. Google co-founder Sergey Brin has spent $66m since January, more than any other donor, to fight a billionaire tax that’s up for a vote on the November ballot. Democratic gubernatorial candidate Matt Mahan has received more donations than any other candidate, including from top executives at Google, Amazon, Snap, LinkedIn, Reddit and Palantir. Crypto mogul Chris Larsen has funded three Super Pacs with $26m to sway campaigns across California, including giving $1m to back a primary candidate for state insurance commissioner. Google and Meta have collectively funded a Super Pac with $10m to back assembly and senate candidates in local district races across the state. Silicon Valley money is flowing toward city primaries as well as state-level ones, with tech-backed Pacs sponsoring voter guides suggesting how to vote on local tax measures. Continue reading...
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump leaves China after much pomp and pageantry, but little to show for it As US President Donald Trump landed back in Washington after his two-day summit in Beijing with Chinese President Xi ...
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump leaves China after much pomp and pageantry, but little to show for it As US President Donald Trump landed back in Washington after his two-day summit in Beijing with Chinese President Xi Jinping, a quick US assessment on one of the most consequential diplomatic visits of Trump’s...
Campbell (CPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Campbell (CPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Graham (GHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Graham (GHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Vail Resorts (MTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Vail Resorts (MTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Things are bad out there. Despite 2026 shaping up to be a great year when it comes to actual games , it couldn't really be worse for the people that make them or the industry as a whole. Hardware prices keep going up , layoffs have shown no signs of stopping , and even big-budget titles backed by large corporations can feel precarious . That all makes it a somewhat awkward time for Summer Game Fes...
Things are bad out there. Despite 2026 shaping up to be a great year when it comes to actual games , it couldn't really be worse for the people that make them or the industry as a whole. Hardware prices keep going up , layoffs have shown no signs of stopping , and even big-budget titles backed by large corporations can feel precarious . That all makes it a somewhat awkward time for Summer Game Fest, a weeklong spectacle of events that kicks off on Tuesday. Splashy announcements won't do much to stem the negative sentiment around the industry. But given the challenging state of console gaming in particular , both Microsoft and Sony have an oppo … Read the full story at The Verge.
Major earnings expected after the bell on Monday include: Credo Technology Group Holding Ltd ( CRDO ) Hewlett Packard Enterprise Company ( HPE ) HIVE Digital TechnologiesLtd. ( HIVE ) For Seeking Alpha's full earnings season calendar, click here .
Major earnings expected after the bell on Monday include: Credo Technology Group Holding Ltd ( CRDO ) Hewlett Packard Enterprise Company ( HPE ) HIVE Digital TechnologiesLtd. ( HIVE ) For Seeking Alpha's full earnings season calendar, click here .
Wall Street heads into the first week of June riding a wave of record highs, but investors will have plenty to digest in the days ahead as fresh economic data, major technology earnings and ongoing developments in the Middle East compete for attention. The marquee event arrives Friday with...
Wall Street heads into the first week of June riding a wave of record highs, but investors will have plenty to digest in the days ahead as fresh economic data, major technology earnings and ongoing developments in the Middle East compete for attention. The marquee event arrives Friday with...
5W, one of the largest independent public relations and digital marketing firms in the United States, today released The Accounting & Finance Software AI Visibility Index 2026 — the first public ranking of finance software vendors by AI search citation share across ChatGPT, Claude, Perplexity, Gemini, and Microsoft Copilot.
5W, one of the largest independent public relations and digital marketing firms in the United States, today released The Accounting & Finance Software AI Visibility Index 2026 — the first public ranking of finance software vendors by AI search citation share across ChatGPT, Claude, Perplexity, Gemini, and Microsoft Copilot.