Key Points Fidelity MSCI Consumer Discretionary Index ETF and State Street Consumer Discretionary Select Sector SPDR ETF carry identical expense ratios of 0.08% State Street Consumer Discretionary Select Sector SPDR ETF holds a much more concentrated portfolio of 48 stocks compared to the 274 positions in the Fidelity fund Both ETFs are heavily weighted toward Amazon.com and Tesla, though the Stat...
Key Points Fidelity MSCI Consumer Discretionary Index ETF and State Street Consumer Discretionary Select Sector SPDR ETF carry identical expense ratios of 0.08% State Street Consumer Discretionary Select Sector SPDR ETF holds a much more concentrated portfolio of 48 stocks compared to the 274 positions in the Fidelity fund Both ETFs are heavily weighted toward Amazon.com and Tesla, though the State Street fund has higher concentration in these top names 10 stocks we like better than Fidelity Covington Trust - Fidelity Msci Consumer Discretionary Index ETF › The Fidelity MSCI Consumer Discretionary Index ETF (NYSEMKT:FDIS) offers broader diversification across hundreds of holdings, while the State Street Consumer Discretionary Select Sector SPDR ETF (NYSEMKT:XLY) provides concentrated exposure to large-cap leaders. These funds target the consumer cyclical sector, capturing companies that rely on discretionary spending and economic strength. While the Fidelity fund tracks a broader index that includes hundreds of smaller firms, the State Street fund focuses exclusively on large-cap leaders in the S&P 500. Investors may choose based on their preference for broad market representation versus blue chip concentration. Snapshot (cost & size) Metric XLY FDIS Issuer SPDR Fidelity Expense ratio 0.08% 0.08% 1-yr return (as of 2026-05-27) 13.00% 12.70% Dividend yield 0.70% 0.70% Beta 1.22 1.25 AUM $22.8 billion $1.8 billion 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. Both ETFs are highly cost-efficient, with expense ratios of 0.08%, well below the average for sector-specific funds. This low-cost structure helps minimize the drag on performance. Additionally, both funds offered identical trailing-12-month dividend yields of 0.70% as of May 27, 2026. Performance & risk comparison Metric XLY ...
Hiroshi Watanabe/DigitalVision via Getty Images This article is ongoing coverage of cloud communications provider Crexendo ( CXDO ). The stock has gained 47% since my December 2025 article and 62% since my October 2025 article . This significantly outperformed the S&P 500's ( SPY ) 14% gain since my October 2025 article was published. Refer to the link to the October 2025 article for more detailed...
Hiroshi Watanabe/DigitalVision via Getty Images This article is ongoing coverage of cloud communications provider Crexendo ( CXDO ). The stock has gained 47% since my December 2025 article and 62% since my October 2025 article . This significantly outperformed the S&P 500's ( SPY ) 14% gain since my October 2025 article was published. Refer to the link to the October 2025 article for more detailed company information. Crexendo's Q1 earnings report provides more insights into how the company may perform for the remainder of 2026. The stock's valuation remains at reasonable levels, which should support further gains as CXDO continues to grow. Insights From Crexendo's Q1 2026 Earnings Report Crexendo reported positive results for Q1 2026. Revenue increased 29% yoy to $20.7 million, beating estimates by about $1 million. The revenue growth was driven by organic growth plus a boost from the Estech Systems acquisition . The non-GAAP basic EPS increased 11% yoy to $0.10 over the $0.09 from Q1 2025 , beating estimates by $0.02. The Q1 2026 results marked CXDO's 11th consecutive profitable quarter. The company's EPS growth demonstrates CXDO's effective scaling and operational leverage. Crexendo achieved a 12% YoY gain in organic growth from its Software Solutions segment in Q1. This segment benefitted from 5 new logo orders and 9 upgrade orders from existing licensees in the quarter. The Telecom Services Retail segment increased organic growth 18% yoy. This segment's growth was driven by some large wins that were sold & delivered during Q1. Strong demand in this segment was driven by a 51% YoY gain in sales bookings from master agent technology service distributors, combined with strong traction on the new AI receptionist, plus an increase in SMB retail orders. The Estech Systems acquisition, which closed in March 2026, can be a steady revenue and earnings growth driver for the remainder of 2026. Estech is expected to give Crexendo a $100 million run rate in annual revenue. ...
Key Points Alphabet is the most complete AI stock, with its own top AI models and chips. The company also has huge distribution and monetization advantages in the consumer market. 10 stocks we like better than Alphabet › Artificial intelligence (AI) has captured the minds of investors and companies alike. Spending on AI infrastructure is through the roof, as is demand for AI tools and services. No...
Key Points Alphabet is the most complete AI stock, with its own top AI models and chips. The company also has huge distribution and monetization advantages in the consumer market. 10 stocks we like better than Alphabet › Artificial intelligence (AI) has captured the minds of investors and companies alike. Spending on AI infrastructure is through the roof, as is demand for AI tools and services. Not surprisingly, many stocks have benefited from the trends in AI over the past few years. That said, if there were one AI stock I'd be putting in my retirement portfolio before the end of this year, it would be Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The reason is quite simple, as it's the most complete AI company with several built-in advantages. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The most complete AI stack Alphabet has the most complete AI stack of any company, highlighted by its Gemini AI models and its custom Tensor Processing Units (TPUs). The company has many advantages in the AI race, but it all starts with its TPUs. Alphabet developed these custom chips more than a decade ago, designing its entire software and hardware stacks around them. This has given it a big head start in a world where cheaper, more efficient computing power is king. By owning its own custom chips designed specifically for its ecosystem, Alphabet has a huge cost edge in the AI race. It can get more bang for its buck with its AI infrastructure spending, while also training its Gemini model and running inference at a much lower cost compared to rivals that largely depend on Nvidia graphics processing units (GPUs). This also gives it a cost advantage through its fast-growing cloud computing business and helps it achieve better economics by having both its own chips and models. Its chips are also so highly regarded t...
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Die-shots of the Samsung Exynos 2600 application processor for smartphones, tablets, and ultraportable notebooks surfaced, and were annotated by Kurnal Salts. It showcases a massive logic complex with large amounts of on-die memory and compute muscle. Samsung buids the Exynos 2600 on Samsung SF2, the company's in-house 2 nm GAAFET foundry node, which offers comparable transistor densities and elec...
Die-shots of the Samsung Exynos 2600 application processor for smartphones, tablets, and ultraportable notebooks surfaced, and were annotated by Kurnal Salts. It showcases a massive logic complex with large amounts of on-die memory and compute muscle. Samsung buids the Exynos 2600 on Samsung SF2, the company's in-house 2 nm GAAFET foundry node, which offers comparable transistor densities and electrical specs to TSMC N2. It is a monolithic chip, with all logic components on die.We begin our tour with the CPU. Samsung designed the Exynos 2600 with a 3-tiered heterogenous multicore design, and a 1X+3P+6E core configuration. Leading it is one C1-Ultra extreme core that ticks at up to 3.80 GHz, offers the highest IPC, and comes with 3 MB of dedicated L2 cache. Next to it are three C1-Pro performance cores, which run at up to 3.25 GHz, and handle most performance-heavy workloads. Each C1-Pro core has 1 MB of dedicated L2 cache. Trailing these are six other C1-Pro cores, which are purposed to serve as efficiency cores. Their clock speed only runs up to 2.75 GHz, and have a more aggressive power-management scheme. The "P-cores" and "E-cores" on this chip are functionally identical, and have the same transistor count, but are simply configured differently. The CPU complex is held together by 16 MB of shared L3 cache that all 10 cores have equal access to.The next major component is the Xclipse 960 iGPU, which has been licensed as an IP block to Samsung by AMD. The Xclipse 960 is powered by AMD's latest RDNA 4 graphics architecture, which inherits all the LPDDR memory-management optimizations from its predecessor, RDNA 3.5. The iGPU has 16 compute units spread across eight workgroup processors (WGPs), which total 1,024 stream processors, besides 64 TMUs and 32 ROPs. The GPU has 4 MB of dedicated L2 cache.The third major component is the NPU, which Samsung designed to offer an over 100% increase in performance over the NPU of Exynos 2500. It features a 32K MAC design spread a...
Jonathan Kitchen Wiwynn, which makes servers for Nvidia ( NVDA ), has expressed some concern that the bottleneck in artificial intelligence could extend beyond memory into other areas, its Chairman said. “The items that are in short supply are somewhat different every year,” Wiwynn Chairman Emily Hong said in an interview with Bloomberg. “We may start to see some relief in constraints in late 2027...
Jonathan Kitchen Wiwynn, which makes servers for Nvidia ( NVDA ), has expressed some concern that the bottleneck in artificial intelligence could extend beyond memory into other areas, its Chairman said. “The items that are in short supply are somewhat different every year,” Wiwynn Chairman Emily Hong said in an interview with Bloomberg. “We may start to see some relief in constraints in late 2027 or 2028.” Hong did not say where she expects the shortages to occur but did add that demand for data center hardware is expected to remain robust for the next three to five years. She added that the Taiwan-based company generates more than 80% of its sales from U.S. customers and that Wiwynn is expanding in the U.S., with its plant in El Paso, Texas already up and running. She explained that Wiwynn will have another three plants in the U.S. running in a couple of years. More on Nvidia Nvidia: No Bull Market Lasts Forever (Rating Downgrade) No, Nvidia Is Not Cheap - Here's Why Nvidia: The Party Is Coming To An End Nvidia's Jensen Huang to join board of China's Tsinghua University: report Nvidia's Huang plans to strengthen 'AI semiconductor triangle alliance': report
Jonathan Kitchen Wiwynn, which makes servers for Nvidia ( NVDA ), has expressed some concern that the bottleneck in artificial intelligence could extend beyond memory into other areas, its Chairman said. “The items that are in short supply are somewhat different every year,” Wiwynn Chairman Emily Hong said in an interview with Bloomberg. “We may start to see some relief in constraints in late 2027...
Jonathan Kitchen Wiwynn, which makes servers for Nvidia ( NVDA ), has expressed some concern that the bottleneck in artificial intelligence could extend beyond memory into other areas, its Chairman said. “The items that are in short supply are somewhat different every year,” Wiwynn Chairman Emily Hong said in an interview with Bloomberg. “We may start to see some relief in constraints in late 2027 or 2028.” Hong did not say where she expects the shortages to occur but did add that demand for data center hardware is expected to remain robust for the next three to five years. She added that the Taiwan-based company generates more than 80% of its sales from U.S. customers and that Wiwynn is expanding in the U.S., with its plant in El Paso, Texas already up and running. She explained that Wiwynn will have another three plants in the U.S. running in a couple of years. More on Nvidia Nvidia: No Bull Market Lasts Forever (Rating Downgrade) No, Nvidia Is Not Cheap - Here's Why Nvidia: The Party Is Coming To An End Nvidia's Jensen Huang to join board of China's Tsinghua University: report Nvidia's Huang plans to strengthen 'AI semiconductor triangle alliance': report
Image source: The Motley Fool. Thursday, May 28, 2026 at 9:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Michael J. Bender Chief Financial Officer — Jill Timm TAKEAWAYS Comparable Sales -- Kohl's KSS +18.10% ) -- Net Sales -- Decreased 1.7%, primarily due to lower transactions and the timing of store closures in the prior year. -- Decreased 1.7%, primarily due to lower transactions and th...
Image source: The Motley Fool. Thursday, May 28, 2026 at 9:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Michael J. Bender Chief Financial Officer — Jill Timm TAKEAWAYS Comparable Sales -- Kohl's KSS +18.10% ) -- Net Sales -- Decreased 1.7%, primarily due to lower transactions and the timing of store closures in the prior year. -- Decreased 1.7%, primarily due to lower transactions and the timing of store closures in the prior year. Kohl's card customer (Credit) -- Delivered flat comparable sales, a 600-basis-point improvement from the previous quarter. -- Delivered flat comparable sales, a 600-basis-point improvement from the previous quarter. Proprietary brands -- Comparable sales increased 6%, with particularly strong momentum in juniors' SO brand, up 10%. -- Comparable sales increased 6%, with particularly strong momentum in juniors' SO brand, up 10%. Digital sales -- Grew 4%, driven by greater traffic and investments in digital enhancements. -- Grew 4%, driven by greater traffic and investments in digital enhancements. Inventory -- Decreased approximately 8%, making this "one of the cleanest inventory positions we have been in a while" (Timm). -- Decreased approximately 8%, making this "one of the cleanest inventory positions we have been in a while" (Timm). Spring seasonal business -- Sales rose mid-teens, benefiting from revised inventory planning and allocation. -- Sales rose mid-teens, benefiting from revised inventory planning and allocation. SG&A expenses -- Decreased by approximately $20 million, or 1.6%, mainly attributable to savings in credit and corporate expense. -- Decreased by approximately $20 million, or 1.6%, mainly attributable to savings in credit and corporate expense. Gross margin -- Improved by 4 basis points due to higher sales penetration of proprietary brands, mostly offset by higher shipping costs from digital growth. -- Improved by 4 basis points due to higher sales penetration of proprietary brands, mostly offset by higher s...
Bitcoin briefly fell below $73,000 despite a fresh push from Donald Trump for the CLARITY Act, suggesting pro-crypto messaging from Washington is losing its ability to drive gains in digital assets. Trump used a Truth Social post late Wednesday to tout the US as the “crypto capital of the world,” praise the industry’s return to the country and renew support for the CLARITY Act, a bill designed to ...
Bitcoin briefly fell below $73,000 despite a fresh push from Donald Trump for the CLARITY Act, suggesting pro-crypto messaging from Washington is losing its ability to drive gains in digital assets. Trump used a Truth Social post late Wednesday to tout the US as the “crypto capital of the world,” praise the industry’s return to the country and renew support for the CLARITY Act, a bill designed to establish clearer rules for digital assets. Bitcoin initially steadied after the post but fell as much as 3.5% on Thursday to as low as $72,474. Regulatory optimism that once fueled aggressive crypto buying is now colliding with profit-taking, slowing ETF flows and broader fatigue. The industry is struggling to regain momentum as retail participation fades, leverage unwinds and uncertainty grows over whether legislative wins would translate into meaningful near-term capital flows. Bitcoin’s continued softness underscores how much of the Trump crypto trade was already priced into digital assets after the sharp rally early last year. That is leaving the market increasingly vulnerable to crypto-native weakness even as equities continue to benefit from resilient earnings and optimism around the US economy. “Conviction remains limited,” Glassnode analysts including Chris Beamish wrote in a note this week. They said roughly $78,000 marks the average cost basis for Bitcoin holders who bought within the past 155 days, a group considered especially sensitive to price declines. Bitcoin has fallen well below that threshold. Spot-Bitcoin ETF flows, a barometer of how institutions and retail investors are treating the market, have seen major outflows in recent days. BlackRock’s IBIT, the largest of the bunch of funds trading in the US, saw a more than $520 million outflow for the latest session for which data is available. That’s the biggest one-day withdrawal since January and one of the largest on record, according to data compiled by Bloomberg. Overall, Bitcoin ETFs saw $1.2 billion ...
Image source: The Motley Fool. Thursday, May 28, 2026 at 9:00 a.m. ET CALL PARTICIPANTS Interim Chief Executive Officer — Jeffrey Ettinger President — John F. Ghingo Interim Chief Financial Officer and Controller — Paul R. Kuehneman TAKEAWAYS Organic Net Sales Growth -- 3%, representing six consecutive quarters of organic expansion with all three segments contributing to growth. -- 3%, representin...
Image source: The Motley Fool. Thursday, May 28, 2026 at 9:00 a.m. ET CALL PARTICIPANTS Interim Chief Executive Officer — Jeffrey Ettinger President — John F. Ghingo Interim Chief Financial Officer and Controller — Paul R. Kuehneman TAKEAWAYS Organic Net Sales Growth -- 3%, representing six consecutive quarters of organic expansion with all three segments contributing to growth. -- 3%, representing six consecutive quarters of organic expansion with all three segments contributing to growth. Foodservice Segment -- Organic net sales increased 7%, marking the eleventh consecutive quarter of growth; segment profit rose 11%, supported by market-based pricing and supply chain cost benefits. -- Organic net sales increased 7%, marking the eleventh consecutive quarter of growth; segment profit rose 11%, supported by market-based pricing and supply chain cost benefits. International Segment -- Organic net sales advanced 5% with segment profit up 20%, driven by China demand and branded export performance, especially SPAM. -- Organic net sales advanced 5% with segment profit up 20%, driven by China demand and branded export performance, especially SPAM. Retail Segment -- Organic net sales grew 1%; segment profit climbed 13%, underscored by value-added poultry and branded products like Jennie-O and Applegate. -- Organic net sales grew 1%; segment profit climbed 13%, underscored by value-added poultry and branded products like Jennie-O and Applegate. Gross Margin -- Expanded to 17.4%, up 70 basis points, reflecting improved manufacturing performance and favorable sales mix. -- Expanded to 17.4%, up 70 basis points, reflecting improved manufacturing performance and favorable sales mix. Gross Profit -- Rose 7% compared to the previous year, supported by margin expansion, productivity gains, and supply chain improvements. -- Rose 7% compared to the previous year, supported by margin expansion, productivity gains, and supply chain improvements. Adjusted Operating Margin -- Expanded b...
Pope Leo XIV issues an encyclical calling for limits on militarized and unchecked AI, increasing ethical scrutiny of companies like Palantir Technologies (NasdaqGS:PLTR). Palantir faces coordinated pressure from investor advocates and religious organizations to conduct and publish a Human Rights Impact Assessment of its AI and data platforms. These developments raise fresh questions about Palantir...
Pope Leo XIV issues an encyclical calling for limits on militarized and unchecked AI, increasing ethical scrutiny of companies like Palantir Technologies (NasdaqGS:PLTR). Palantir faces coordinated pressure from investor advocates and religious organizations to conduct and publish a Human Rights Impact Assessment of its AI and data platforms. These developments raise fresh questions about Palantir's governance of AI, national security work, and broader societal accountability. Palantir, known for its data and AI platforms used by government and commercial clients, now finds its business model under a different kind of spotlight. The new scrutiny centers less on product capability and more on how its technologies intersect with human rights, military use, and civil liberties. For investors, this is not just an ethics story; it is also about how the company manages long term reputational and governance risk. As global conversations around AI guardrails accelerate, NasdaqGS:PLTR is likely to face more detailed questions from shareholders, regulators, and civil society groups. How the company responds to calls for a Human Rights Impact Assessment, and how transparent it chooses to be, could influence its risk profile and its relationships with key customers and capital providers over time. Stay updated on the most important news stories for by adding it to your or . Alternatively, explore our to discover new perspectives on Palantir Technologies. NasdaqGS:PLTR 1-Year Stock Price Chart Advertisement Investor Checklist Quick Assessment ⚖️ Price vs Analyst Target : At US$132.51 versus an average analyst target of about US$183.73, the stock trades roughly 28% below that consensus. : At US$132.51 versus an average analyst target of about US$183.73, the stock trades roughly 28% below that consensus. ✅ Simply Wall St Valuation : Simply Wall St currently sees Palantir as trading 10.7% below its estimated fair value. : Simply Wall St currently sees Palantir as trading 10.7% belo...
Thx4Stock/iStock via Getty Images Artificial intelligence may eventually boost productivity, easing upward pressures on prices, but as yet it's too soon to tell, St. Louis Fed president Alberto Musalem said Thursday. Some have argued that advances in generative AI will generate large gains in productivity, which would lead to lower inflation rates and allow the Federal Open Market Committee to res...
Thx4Stock/iStock via Getty Images Artificial intelligence may eventually boost productivity, easing upward pressures on prices, but as yet it's too soon to tell, St. Louis Fed president Alberto Musalem said Thursday. Some have argued that advances in generative AI will generate large gains in productivity, which would lead to lower inflation rates and allow the Federal Open Market Committee to resume interest rate cuts. Musalem, though, remains focused on the U.S. economy's stubbornly elevated inflation, which is well above the Federal Reserve's 2% goal and not heading in the right direction. On Thursday morning, the Bureau of Economic Analysis said April core PCE rose 3.3% Y/Y, accelerating from 3.2% in March. "With the real policy rate sitting below the FOMC’s notion of long-run neutral, inflation running meaningfully above target, longer-term inflation expectations drifting higher, and the labor market remaining stable, I believe it would be risky to rely on the prospect of higher productivity growth in the future to solve our inflation problem today," Musalem said at the Reykjavík Economic Conference 2026 in Iceland. He is a supporter of the technology that people and businesses can use to make their lives easier. "I see the tremendous impact that it can have on businesses and households," he said in prepared text. "What is less clear to me is the impact that AI is having on aggregate productivity growth today and will have in the future." While Musalem is an "AI and productivity optimist," he still needs evidence before reaching a conclusion on whether the technology should affect monetary policy decision-making. "To date, the data are inconclusive about aggregate productivity being in a sustained higher growth regime," he said. He's prepared to adjust his stance if the evidence demonstrates that higher productivity is clearly pushing inflation lower. "But for now, I believe a vigilant focus on returning inflation to target will best ensure success in achieving...
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. Brendan Smialowski | Afp | Getty Images The U.S. Treasury sanctioned Iran 's "Persian Gulf Strait Authority," the agency launched this month as Tehran works to exert control of transit through the Strait of Hormuz . The action announced Wednesday is...
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. Brendan Smialowski | Afp | Getty Images The U.S. Treasury sanctioned Iran 's "Persian Gulf Strait Authority," the agency launched this month as Tehran works to exert control of transit through the Strait of Hormuz . The action announced Wednesday is part of "Operation Economic Fury," the Trump administration's effort to squeeze Tehran's finances that U.S. officials say has supplanted its military campaign dubbed "Operation Epic Fury." "Iran's Persian Gulf Strait Authority (PGSA) is a joke, and today Treasury has sanctioned it," Treasury Scott Bessent said in an X post Thursday morning. "We have warned any corporate or state entities against paying tolls or hiding them as aid payments." But Iran and the U.S. continue to use force in the strait, further eroding their shaky ceasefire that is nominally still in effect – and straining efforts to reach a diplomatic end to the war. Iran on Wednesday night "launched a ballistic missile toward Kuwait that was successfully intercepted by Kuwaiti forces," U.S. Central Command said Thursday morning, calling the action an "egregious ceasefire violation." The attack took place "hours after Iranian forces launched five one-way attack drones that posed a clear threat in and near the Strait of Hormuz," CENTCOM said in an X post. "All drones were successfully intercepted by U.S. forces which also prevented a sixth drone launch from an Iranian ground control site in Bandar Abbas." The latest military and economic actions followed President Donald Trump 's insistence that he feels no pressure to make a deal with Iran before the midterm elections more than five months away. "They're getting clobbered. Their economy is in free fall," Trump said of Iran during a Cabinet meeting Wednesday. "They thought they were going to outwait me, you know. 'We'll outwait him, he's got the midterms.' I do...
Join the Waitlist for the launch of the Quant Income Growth Portfolio! Explore Alpha Picks Today! Join Pro Quant Portfolio Now! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Daniel Snyder : Hey, everyone. Welcome to another aweso...
Join the Waitlist for the launch of the Quant Income Growth Portfolio! Explore Alpha Picks Today! Join Pro Quant Portfolio Now! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Daniel Snyder : Hey, everyone. Welcome to another awesome webinar here on Seeking Alpha. I’m Daniel Snyder your host today. And of course, I’m joined here by the one, the only Steven Cress. But also someone you may not be familiar with and I’m super excited to introduce you to Kevin Sanford today. We’re going to dive into all of this about growth, income, and or sorry, the Quant Growth & Income Portfolio, brand new product launching next week here on Seeking Alpha. And what I love most is it’s Quant, but it's also dividends. Sweet, sweet dividends. And if you're anything like me, I love that income as well. But first things first, we're going to get a quick legal disclaimer out of way, so stick with me for a second. The QG&I Portfolio is not an investment product run with real money. It is not a brokerage account and neither enables nor reflects actual trading activity. No recommendation or advice is given as to whether any investment is suitable for a particular investor. You are solely responsible for determining whether any investment, security, strategy, product, or service is appropriate or suitable for you based on your investment objectives and personal and financial situation, and for evaluating its benefits and risks. Steven Cress is VP of Quantitative Strategies at Seeking Alpha, and Seeking Alpha is not a fiduciary by virtue of any person's use or access to the site. Any views or opinions expressed in the webinar do not reflect those of Seeking Alpha as a whole. Any content and tools on the platform are offered for information purposes only. Seeking Alpha does not take account of your objectives or your financial sit...
For decades, investors have viewed Cummins (CMI 0.50%) as a bellwether for the heavy-duty truck market and the broader economy. While that connection to the traditional engine business will always exist, Cummins is undergoing a fundamental shift, fueled by a source of demand that is far less cyclical than truck sales. The company's power systems segment, which manufactures large diesel and natural...
For decades, investors have viewed Cummins (CMI 0.50%) as a bellwether for the heavy-duty truck market and the broader economy. While that connection to the traditional engine business will always exist, Cummins is undergoing a fundamental shift, fueled by a source of demand that is far less cyclical than truck sales. The company's power systems segment, which manufactures large diesel and natural gas generators, has become the company's primary growth driver. This was evident in the first quarter, when Cummins beat earnings estimates and raised its full-year guidance despite a slowdown in its legacy engine business. Powering the AI boom Growth for this segment and its distribution segment is being driven by the need for many more data centers in this artificial intelligence (AI) era. To ensure continuous uptime and meet regulatory requirements, these facilities require reliable backup power. A typical 100-megawatt data center needs between 120 and 200 megawatts of backup generation, creating plenty of demand for Cummins. In the first quarter, power systems revenue grew 19% year over year to $2 billion. More importantly, the segment's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin reached a record 29.5%, and contributed 39% of the company's total EBITDA. Management expects margins to settle between 25% and 26% for the full year, well above historical levels. The strength of this business and its distribution segment is supported by a durable advantage. In a supply-constrained market, Cummins' ability to manufacture and distribute its own engines and generators gives it a key edge over competitors. With an order backlog that now extends into 2028, the company has gained significant earnings visibility. A more balanced business The growth in power generation has offset the cyclical weakness in the North American truck market. In the first quarter, unit sales of heavy-duty trucks fell 16% year over year, resulting in a 4% decline in eng...
Jannik Sinner is out of the French Open in the biggest shock of the tournament so far after struggling with injury in a five-set loss to Juan Manuel Cerundolo in the second round in sweltering Paris conditions. World number one Sinner was the heaviest favourite for the men's title since the great Rafael Nadal in 2009, with no-one coming close to challenging him on the clay in recent weeks. Sinner ...
Jannik Sinner is out of the French Open in the biggest shock of the tournament so far after struggling with injury in a five-set loss to Juan Manuel Cerundolo in the second round in sweltering Paris conditions. World number one Sinner was the heaviest favourite for the men's title since the great Rafael Nadal in 2009, with no-one coming close to challenging him on the clay in recent weeks. Sinner was bidding to complete the career Grand Slam at Roland Garros, and few expected him to fall short - but just as Nadal suffered an early exit 17 years ago, the Italian will now have to wait for another chance at Paris glory. Sinner was two sets and 5-1 up before a remarkable change of momentum when fitness issues plagued his game. The 24-year-old appeared laboured on court with a dejected expression as he lost the next three games, including 11 straight points, before calling for the trainer. Sinner could be heard saying he felt "dizzy" and like he "wanted to vomit" and took a mid-game medical timeout before returning to court. After dropping the third set, Sinner failed to regain his fitness as Argentina's world number 56 won 3-6 2-6 7-5 6-1 6-1.