Alina555/iStock Unreleased via Getty Images MGM Resorts International ( MGM ) gained 9% on the 27 th of May as JPMorgan turned bullish on the stock. Slowing tourism has weakened the gaming giant’s performance in Las Vegas, but easing comps and stabilizing tourism trends are finally seen to start to improve forward earnings growth. While an early 2026 recovery is clearly seen in data, I believe tha...
Alina555/iStock Unreleased via Getty Images MGM Resorts International ( MGM ) gained 9% on the 27 th of May as JPMorgan turned bullish on the stock. Slowing tourism has weakened the gaming giant’s performance in Las Vegas, but easing comps and stabilizing tourism trends are finally seen to start to improve forward earnings growth. While an early 2026 recovery is clearly seen in data, I believe that the strip’s recovery is currently still on shaky ground. There’s reason for cautious optimism. I maintained a Hold rating in my previous November 2025 article on the stock, titled “ MGM Resorts: Losing In One Market, Winning In Others. ” The stock has since returned 34%, clearly outperforming the S&P 500’s ( SP500 ) 14% gain. My Rating History on MGM (Seeking Alpha) Are Tourists Returning to Las Vegas? I noted MGM’s weak performance in Las Vegas in my previous article on the company. The company’s MGM Grand renovations, but also weak gaming activity on the Las Vegas Strip, have weighed on earnings in its largest market. The slowdown shifts the focus to a rebound on the strip. After a period of weakness, there’s finally evidence to suggest that tourism is starting to stabilize in Las Vegas. LVCVA data shows that after a very sharp -7.5% decline in the number of visitors during 2025, stemming from a weak economic sentiment and much lower incoming tourists from Canada, visitor trends have finally stabilized in early 2026. The number of visitors in Las Vegas grew by 0.4% year-on-year during the first quarter of 2026. In the hotel business, occupancy declined in 2025, and the average daily room rate went down noticeably. In 2026 so far, occupancy has improved slightly from a year ago, and the average daily room rate has improved by 6.7%. Author's Illustration Using LVCVA Data The above chart includes data up to March 2026. Casinos’ gross gaming revenue on the Las Vegas Strip shows a similar trend, but with more noise in the data. GGR stalled at 0.0% growth in 2025 but has retu...
The first-quarter earnings season has propelled the stock market to new highs. The S&P 500 index is up almost 10% this year and has roared back from March lows tied to the United States' conflict in Iran and the closure of the Strait of Hormuz. Even as cracks appear in consumer sentiment and inflation begins to rise again, it is clear that the market cares about one thing today: artificial intelli...
The first-quarter earnings season has propelled the stock market to new highs. The S&P 500 index is up almost 10% this year and has roared back from March lows tied to the United States' conflict in Iran and the closure of the Strait of Hormuz. Even as cracks appear in consumer sentiment and inflation begins to rise again, it is clear that the market cares about one thing today: artificial intelligence (AI). If usage, revenue, and (importantly) profits associated with the AI build-out keep growing, the market is liable to go higher in 2026. Here's why. Everything comes down to AI Even if it isn't the entire economy, AI has an outsize impact on the S&P 500. Most of the top 25 largest companies in the world by market cap are tied to AI in some way, whether through the supply chain, infrastructure development, or consumer and enterprise services. S&P 500 earnings have kept soaring due to growth in AI spending and the profits it generates. For example, Alphabet's operating income grew 30% year over year in Q1 to $40 billion. Multiply this across many other AI megacaps, and you can see why the S&P 500 got its mojo back in May. Nvidia just posted 85% revenue growth to $81.6 billion. To track this spending momentum, investors need to monitor the upcoming SpaceX initial public offering and rumored offerings from OpenAI and Anthropic, the two biggest AI start-ups. SpaceX is planning to raise $75 billion in funding for its own AI ambitions, and the other two will likely raise funds on a similar scale. This spending can flow through the AI supply chain, keeping the earnings growth party going. Consumer spending cracks? Market optimism about AI is at an all-time high right now, and for good reason. However, at the end of the day, consumers will need to keep paying for these services and/or sustain the digital advertising and retail economies, the other large components of the S&P 500 index. Right now, consumer sentiment is lower than at the peak of the inflation scare in 2022, ...
memoriesarecaptured Hormel Foods ( HRL ) delivered another quarter of organic sales growth and improved profitability as a deliberate shift away from a “volatile, commodity-driven business” to value-added protein offerings was reflected in better-than-expected fiscal second quarter results and an upbeat outlook for the full year. “We achieved our sixth consecutive quarter of organic top-line growt...
memoriesarecaptured Hormel Foods ( HRL ) delivered another quarter of organic sales growth and improved profitability as a deliberate shift away from a “volatile, commodity-driven business” to value-added protein offerings was reflected in better-than-expected fiscal second quarter results and an upbeat outlook for the full year. “We achieved our sixth consecutive quarter of organic top-line growth, expanded gross margins, and attained double-digit growth in adjusted earnings. This was an excellent quarter that gives us even greater confidence in our ability to deliver our full-year outlook,” Hormel CEO Jeff Ettinger said. Reflecting net sales and profit growth across all segments, including retail, food service, and its international markets, Hormel ( HRL ) earned an adjusted profit of $0.40 per share, up 5 cents from a year ago and 5 cents above expectations. This includes a $61M loss on the sale of its whole-bird turkey business. The performance in the second quarter encouraged the company to maintain its current FY26 guidance, which includes sales growth of 1% to 4%, representing a range of $12.2B to $12.5B, and an adjusted profit of $1.43 to $1.51 per share, both of which compare to estimates of $12.3B and $1.46 per share, respectively. Full-year expectations include a $50M reduction in FY26 net sales and a minimal impact on adjusted earnings from the divestiture of its whole-bird turkey business. Beginning in FY27, the impact of this transaction will be excluded from year-over-year comparisons in adjusted organic volume and organic net sales. Hormel ( HRL ) sales are up more than 7% in Thursday’s premarket trading. More on Hormel Foods Hormel Foods: Near 6% Yield Looks Tasty, But Hot Inflation Remains A Key Risk Hormel Foods: A Cautious Buy As It Looks Closer To A Turnaround Hormel: Shifting From EPS Decline To Growth Hormel Foods Non-GAAP EPS of $0.40 beats by $0.05, revenue of $2.97B beats by $10M Hormel Foods Q1 2026 Earnings Preview
Key Points Its shares are faltering this year, even as new home sales have been decent. The markets may be misunderstanding the homebuilder's story. The balance sheet is strong, and the company has sharply reduced inventory. 10 stocks we like better than Lennar › These days, it's difficult to have a conversation about residential real estate without addressing the issue of housing affordability. G...
Key Points Its shares are faltering this year, even as new home sales have been decent. The markets may be misunderstanding the homebuilder's story. The balance sheet is strong, and the company has sharply reduced inventory. 10 stocks we like better than Lennar › These days, it's difficult to have a conversation about residential real estate without addressing the issue of housing affordability. Getting down to the heart of the matter, many prospective buyers, particularly younger buyers, are priced out of the market. Compounding that issue is the fact that rising yields on Treasury bonds are elevating mortgage rates. Last week, the rate on a 30-year fixed mortgage averaged 6.5%. Yet even with that clear headwind, new home sales in March registered a seasonally adjusted rate of 682,000, rising sequentially and year over year. 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 » Data points like that should be a boon for homebuilding equities such as Lennar (NYSE: LEN), but the opposite is true; this industrial stock is down 13.6% year to date. To be sure, that's a dismal showing and one that looks even worse when considering the broader market and the industrial sector are rallying. Despite the disappointment, there are signs indicating Lennar may be a stock worth building your portfolio with today. Lennar's risk/reward looks inviting Some market observers view Lennar as an "asymmetric" play in the homebuilding space. That's market parlance for a stock whose potential rewards greatly outweigh the risks. Regarding any stock's asymmetric status, markets are the ultimate judges, but Lennar offers some attractive fundamentals. By number of deliveries, Lennar is the second-largest homebuilder in the U.S., and with operations in 30 states, its geographic footprint is expansive. Importantly, the company recog...
'He's Having A Stroke': Jill Biden Admits Joe's Debate Disaster Scared Her 'To Death' Opportunistically timed to boost sales of her soon-to-be released memoir, Jill Biden has come clean on her reaction to Joe Biden's catastrophic performance in his June 2024 debate with Donald Trump. Though she publicly lauded his performance at the time, now she admits she thought her husband was having a stroke ...
'He's Having A Stroke': Jill Biden Admits Joe's Debate Disaster Scared Her 'To Death' Opportunistically timed to boost sales of her soon-to-be released memoir, Jill Biden has come clean on her reaction to Joe Biden's catastrophic performance in his June 2024 debate with Donald Trump. Though she publicly lauded his performance at the time, now she admits she thought her husband was having a stroke . Immediately after the debate, Jill took a stage with Joe to tell him how well he had performed, in a manner that some at the time compared to a teacher praising a kindergartner: "Joe, you did such a great job. You answered every question , you knew all the facts." Former First Lady Jill Biden previously said she thought then-President Biden did a “great job” after his 2024 debate. She now tells CBS News that she thought he was “having a stroke.” https://t.co/JVINZzMu0h pic.twitter.com/O2e7mgsSIo — Akayla Gardner (@gardnerakayla) May 27, 2026 Now, however, Jill Biden says he did so terribly that she thought he was having a major medical episode that was affecting his brain. “I don’t know what happened,” Jill Biden told CBS News Sunday Morning . “As I watched it, I thought, ‘Oh, my God, he’s having a stroke.’ And it scared me to death.” Timing is everything: Next week, the former first lady will release her memoir, "View From The East Wing." Publisher Simon & Shuster's promotional copy for the $32 book quotes an unnamed novelist "who once wrote, 'There are stories one must tell, and years when one must tell them.' Jill Biden’s time to discuss her four years in the White House is now." Trump just released a brutal 95 second ad of Joe Biden's debate lowlights: pic.twitter.com/enusIKHhwN — End Wokeness (@EndWokeness) June 28, 2024 Though Jill Biden may be offering some overdue candor about the debate that led to a tumultuous summer for the Democratic Party -- culminating in Biden withdrawing from the race after the Democratic primaries had already run their course -- she's not...
Bit Digital ( BTBT ) announced on Thursday the purchase of approximately 8,568 Ethereum, or ETH, for $20M. The company acquired $20M in ETH at an average cost of $2,334.25, adding 8,568 ETH to its treasury. Following the transaction, Bit Digital now holds approximately 158,461.75 ETH. "Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital...
Bit Digital ( BTBT ) announced on Thursday the purchase of approximately 8,568 Ethereum, or ETH, for $20M. The company acquired $20M in ETH at an average cost of $2,334.25, adding 8,568 ETH to its treasury. Following the transaction, Bit Digital now holds approximately 158,461.75 ETH. "Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital economy. As a strategic asset company, we deploy capital with discipline across three main verticals: Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions," Tabar said. "When market conditions align with our thesis, we execute. This purchase strengthens our ETH treasury, lowers our average acquisition cost basis, and supports our commitment to NAV per share growth for our shareholders." Source: press release More on Bit Digital Worth Speculating On Bit Digital's Bet On Ethereum And WhiteFiber Bit Digital reports Q1 results
OlegAlbinsky/iStock Unreleased via Getty Images My previous bearish call on Movado Group, Inc. ( MOV ) hasn’t aged well. The fashion watch company’s momentum has accelerated significantly through improved momentum in the U.S. and Europe. Two key brands seem to be driving improved earnings momentum for Movado. Ultimately, higher brand momentum requires a higher valuation, but upside potential is li...
OlegAlbinsky/iStock Unreleased via Getty Images My previous bearish call on Movado Group, Inc. ( MOV ) hasn’t aged well. The fashion watch company’s momentum has accelerated significantly through improved momentum in the U.S. and Europe. Two key brands seem to be driving improved earnings momentum for Movado. Ultimately, higher brand momentum requires a higher valuation, but upside potential is likely already priced in. I initiated the stock at a Hold rating in my previous September 2024 article on the stock, titled “ Movado Q2: Higher Marketing Spend Shows Little Returns So Far. ” The stock has since returned 98%, clearly outperforming the S&P 500’s 37% return. My Rating History on MOV (Seeking Alpha) The Movado Turnaround Is Progressing Following a good fiscal Q1 report , I believe that there’s now clear reason to believe in Movado’s turnaround. After a series of disappointing quarterly reports where revenues declined and Movado had to cut its financial guidance, Movado now reported very healthy 4.5% constant currency revenue growth to a $142.4 million topline to start FY2027. The quarter follows gradually improving momentum during FY2026 already but showed notable acceleration in key markets. Three factors make the sales performance especially good. *Note Y-Axis Range (Author's Illustration Using TIKR Data) Firstly, the conflict in the Middle East clearly weighed on Movado’s performance in the quarter, highlighting a clear headwind in the operating environment—Movado generated approximately 4.1% of revenues from the Middle East in Q1, down from 7.7% a year ago. The conflict caused around $4.3 million, or a 3.3 percentage point, headwind on reported growth. Movado still managed to report healthy growth through great momentum in the U.S. and Europe. Secondly, the overall watch market has remained anemic. The Swatch Group AG ( SWGAY ) reported a -1.3% constant currency revenue decline in 2025, and Fossil Group, Inc. ( FOSL ) reported a sharper -6.5% constant currenc...
The boss of Burberry could earn up to £12.2m this year after the luxury British brand introduced a new bonus scheme. Joshua Schulman, a former chief executive of the US fashion brand Coach who was hired in July 2024 to help revive Burberry, was paid £4m in the year to March, up from £2.5m for his first nine months in the job. The latest year’s pay package included £1.2m in basic pay, a £2.3m annua...
The boss of Burberry could earn up to £12.2m this year after the luxury British brand introduced a new bonus scheme. Joshua Schulman, a former chief executive of the US fashion brand Coach who was hired in July 2024 to help revive Burberry, was paid £4m in the year to March, up from £2.5m for his first nine months in the job. The latest year’s pay package included £1.2m in basic pay, a £2.3m annual cash bonus and £299,000 in relocation assistance after a move from New York, according to Burberry’s annual report published on Thursday. The company made pre-tax profits of £49m in the year to 28 March, compared with a loss of £66m in the previous 12 months, as it cut £80m of annual costs, trimmed store numbers and won back Chinese and North American shoppers under Schulman’s Burberry Forward campaign. View image in fullscreen The brand has moved away from discounting and prioritised sales of core products including trench coats, scarves and bags. Photograph: Burberry Sales were flat year on year at £2.4bn, once the effect of exchange rates was taken into account, as the brand moved away from discounting and prioritised sales of core products including trench coats and scarves. The pay package of Kate Ferry, the finance director of Burberry, more than doubled to £2.5m, up from £904,000 the previous year, and included a £1.3m cash bonus and £457,000 long-term bonus. Ferry could earn £5.6m this year if she hits all targets and Burberry’s share price increases by 50%. From July, Schulman’s basic pay will increase by 3% to £1.24m and he could also earn a new long-term share bonus worth up to 300% of salary if he meets performance targets that include increasing Burberry’s annual revenues to £3.1bn by 2029. That award will come on top of an existing share bonus that is being slightly reduced from a maximum of 162.5% of salary to 150%, if shareholders approve the new scheme at the company’s annual meeting in July. View image in fullscreen A scarf displayed at the Burberry stor...
开拓药业－Ｂ公告，2026年4月2日至5月28日，董事会主席、执行董事兼行政总裁童友之博士通过其全资公司KT International Investment Limited于公开市场以约332万港元、平均每股2.63港元、增持价格区间每股2.23港元至2.89港元，买入公司126.25万股；并以约109万港元行使2020年雇员激励计划授予的125万份受限制股票单位。童博士本次合计增持251.25...
开拓药业－Ｂ公告，2026年4月2日至5月28日，董事会主席、执行董事兼行政总裁童友之博士通过其全资公司KT International Investment Limited于公开市场以约332万港元、平均每股2.63港元、增持价格区间每股2.23港元至2.89港元，买入公司126.25万股；并以约109万港元行使2020年雇员激励计划授予的125万份受限制股票单位。童博士本次合计增持251.25万股，占公司已发行股本约0.5039%。增持后公司公众持股量仍符合要求，童博士不排除未来继续增持。