naturalbox/iStock via Getty Images Introduction Back when I last covered Molson Coors Beverage Company ( TAP ), I reiterated their Buy rating, calling them an “Undervalued Beer Powerhouse With Double-Digit Yield Working On Their Turnaround” and highlighting the massive yield, strong cash flow, and healthy balance sheet that can help them withstand the current macro headwinds and enjoy an eventual ...
naturalbox/iStock via Getty Images Introduction Back when I last covered Molson Coors Beverage Company ( TAP ), I reiterated their Buy rating, calling them an “Undervalued Beer Powerhouse With Double-Digit Yield Working On Their Turnaround” and highlighting the massive yield, strong cash flow, and healthy balance sheet that can help them withstand the current macro headwinds and enjoy an eventual turnaround. With the valuation disconnect not only persisting but actually intensifying while the company continues to navigate the tough environment, I’m upgrading TAP to Strong Buy, with the double-digit yield and turnaround/recovery potential being too hard to ignore now. Solid Start to 2026 Molson Coors Beverage Company IR Molson Coors reported an overall solid Q1 report, beating the market’s top- and bottom-line estimates and reaffirming their FY26 outlook, with the 3.1% drop in volumes being offset by the 3% increase in price and sales mix and 1.9% benefit from the currency, although this is not the most amazing outcome out there, which is in line with the broader industry, being the result of the ongoing macro pressure. Molson Coors Beverage Company IR As for 2026, TAP expects net sales of -1% to +1% alongside a 15% to 18% decline in underlying income before income taxes (constant currency) and 11% to 15% lower EPS thanks to buybacks, as well as $1.1 billion in underlying free cash flow at midpoint (plus or minus 10%) on $650 million in CAPEX, which also caused them to get a downgrade from Bernstein , which cut their price target by 40% to $45, citing the “inherent uncertainties” coming from the commodity costs and global macro pressure, especially as they also expect Q2 US shipments to drop 6% to 9%. As part of TAP’s 2030 plan, they also expect $450 million in cost savings over the next three years, talking about various ways to achieve it, aimed at mitigating the inflation and allowing them to reinvest in network modernization, in premium and future-facing brands, ...
British Foreign Secretary Yvette Cooper is visiting China this week, signalling a further easing in ties following a summit earlier this year. Cooper will meet her Chinese counterpart Wang Yi and Chinese Vice-President Han Zheng on Tuesday, Reuters quoted the British government as saying on Sunday. Among the topics on the agenda are the Strait of Hormuz, the Russia-Ukraine war and the Ebola outbre...
British Foreign Secretary Yvette Cooper is visiting China this week, signalling a further easing in ties following a summit earlier this year. Cooper will meet her Chinese counterpart Wang Yi and Chinese Vice-President Han Zheng on Tuesday, Reuters quoted the British government as saying on Sunday. Among the topics on the agenda are the Strait of Hormuz, the Russia-Ukraine war and the Ebola outbreak in Africa, the report said. Cooper will then head to the southern Chinese tech hub of Shenzhen...
A combination of sky-high rents, career anxiety and social isolation is placing a mental and financial strain on mainland Chinese students living in Hong Kong, even as more than 40 per cent of them plan to remain in the city, a survey has revealed. The study released by the Youth Expats Association on Sunday also found that developing a sense of belonging outweighed lucrative salaries as a factor ...
A combination of sky-high rents, career anxiety and social isolation is placing a mental and financial strain on mainland Chinese students living in Hong Kong, even as more than 40 per cent of them plan to remain in the city, a survey has revealed. The study released by the Youth Expats Association on Sunday also found that developing a sense of belonging outweighed lucrative salaries as a factor in determining whether these students choose to stay in the city after graduation. According to the...
A股后市怎么走？看看机构怎么说。 沪指本周累计跌1.08%，深证成指跌0.14%，创业板指涨2.52%。A股后市怎么走？看看机构怎么说： ①国金证券：市场轮动的核心在分子端不在分母端 国金证券研报表示，本周A股高位震荡，前期涨幅相对落后的煤炭、电力及消费板块出现明显反弹。在本轮以AI资本开支为驱动的行情中，分子端的变化正是决定市场转换的核心因素，以更能体现本轮硬件行情的电子板块为例：尽管过去一个季度电子行业成交额集中度处于历史最高水平，而其利润占全 A 的比例同样回到历史高位，对2026Q1全A利润增长的边际贡献达到15%，市场过去的交易集中正是对于边际信息的集中反馈，因此具有合理性。展望未来，在全球金融资产扩张可能已经出现转向的背景下，市场轮动的核心在分子端不在分母端：这意味着：第一，同处科技赛道但是缺乏周期性利润增长支撑的板块，很难是切换的方向；第二，对于传统行业而言，利润改善预期仍然是低位向上的基础。 ② 中银证券：拥挤度短期高位触发短期风格再均衡 中银证券研报表示，本周市场持续高位波动。结构上，前期强势板块科技赛道本周持续面临兑现压力，资金对高位拥挤赛道与低位确定性板块之间进行一定再平衡操作。驱动因素上：一方面，油价持续高位运行，海外流动性紧缩预期近期明显升温，叠加新任美联储主席沃什正式接任，市场对于美国货币政策偏鹰预期升温。当前，市场对于2026年内美联储进行加息预期开始明显升温。高油价与高利率的双重夹击，使全球流动性环境的松动空间受到实质性压缩。产业层面，夏季用电高峰预期催化电力板块，煤炭供给收缩推动价格持续抬升，在市场震荡加剧、基本面信号偏淡的窗口期，资金对确定性的股息回报和相对低位的安全边际给予了更高的定价权重。 ③ 方正证券：AI主线继续演绎，同时兼顾HALO资产左侧的布局机会 方正证券研报表示，AI主线继续演绎，同时兼顾HALO资产左侧的布局机会，具体而言，一是AI驱动下的科技成长，需要关注国产算力向海外算力的回流，核心标的逢低布局，板块内部高切低可以考虑AI缺电、科技新技术新材料等方向。二是调整相对充分的HALO资产，PPI上行趋势较为明确，美债利率4.6%水平继续向上动力不足，关键资源供应链强化+能源价格中枢上行的背景下，核心资源（有色金属+化工）和泛能源（煤炭、电力、石油石化）目前处于左侧布局的阶段，等待6月沃什议息会议纠偏市场较为激进的加...
These are exciting times to be an investor. Artificial intelligence (AI), robotics, and space are among the most promising megatrends with attractive upside potential. What I like about Amazon (NASDAQ: AMZN) is that it is tapping into all these opportunities and more. But overall, Amazon's growth potential revolves around its strategy to double down on AI infrastructure. Amazon is increasingly str...
These are exciting times to be an investor. Artificial intelligence (AI), robotics, and space are among the most promising megatrends with attractive upside potential. What I like about Amazon (NASDAQ: AMZN) is that it is tapping into all these opportunities and more. But overall, Amazon's growth potential revolves around its strategy to double down on AI infrastructure. Amazon is increasingly structuring its entire business around AI, where management sees a major inflection happening right now. Image source: Getty Images. Continue reading
Guido Mieth/DigitalVision via Getty Images Initiating Alcon with a buy rating I initiate coverage of Alcon Inc. ( ALC ) with a “Buy rating.” My buy rating is based on a view that the market has potentially overpenalized the company for a near-term headwind or uncertainty on a) softness in cataract revenue stream, b) international implantable pressure, c) China related procurement risks, and c) tar...
Guido Mieth/DigitalVision via Getty Images Initiating Alcon with a buy rating I initiate coverage of Alcon Inc. ( ALC ) with a “Buy rating.” My buy rating is based on a view that the market has potentially overpenalized the company for a near-term headwind or uncertainty on a) softness in cataract revenue stream, b) international implantable pressure, c) China related procurement risks, and c) tariff-driven margin headwind, however, I see that the market may be underappreciating the company’s 2026–2027 product cycle (breath-related). In my view, Alcon is entering an era where the multiple growth drivers are improving, for example, the unity surgical equipment replacement, consumables pull-through, PanOptix Pro premium IOL stabilization, Precision7 contact lens share gains, and the launch of Tryptyr as a novel branded dry-eye product. Company Q1 2026 Earnings (Company Q1 2026 Earnings) I believe that the key debate is whether Alcon will be a 4% to 5% top-line compounder with high-single digit EPS growth or potentially a 5–7% top-line grower, with sustainable or stable low-double digit EPS growth. Importantly, my view is that Alcon is closer to the latter, and my buy rating may not require every initiative to outperform the market expectation, and I believe it requires enough execution across the surgical, vision, and Tryptyr launch in order to sustain a premium medtech growth equity story, that may justify a re-rating in the currently depressed stock price. Company IR deck (Company IR deck) I believe the most important near term catalysts revolve around Tryptyr launch execution, including TRx and NBRx trends, refills, and commercial coverage, Medicare access and gross-to-net. Tryptyr's launch can be a new growth driver Tryptyr is important for my Buy thesis as the launch provides Alcon an interesting new branded prescription medication to a mature and lucrative dry eye market, with a unique mechanism of action, and meaningful commercial optionality. By way of backgro...
Sky News Arabia to retain its name in brand licensing deal after criticism of its coverage of the war in Sudan Sky is exiting its TV news joint venture with the United Arab Emirates (UAE), Sky News Arabia, which has been criticised for its coverage of the war in Sudan, with accusations of genocide denial. Sky and its partner IMI - the investment vehicle controlled by Sheikh Mansour bin Zayed al-Na...
Sky News Arabia to retain its name in brand licensing deal after criticism of its coverage of the war in Sudan Sky is exiting its TV news joint venture with the United Arab Emirates (UAE), Sky News Arabia, which has been criticised for its coverage of the war in Sudan, with accusations of genocide denial. Sky and its partner IMI - the investment vehicle controlled by Sheikh Mansour bin Zayed al-Nahyan, the vice-president of the UAE and owner of Manchester City - have announced a new commercial deal in which the UK-based broadcaster will relinquish all strategic and operational ownership of the 24-hour Arabic language news and current affairs service. Continue reading...
REITs owning and operating data centers stand to benefit tremendously from fast-growing AI demand, and Equinix and Digital Realty Trust are at the top.
REITs owning and operating data centers stand to benefit tremendously from fast-growing AI demand, and Equinix and Digital Realty Trust are at the top.
Wall Street Hedging Surges To Highs As Nvidia (NASDAQ: NVDA), Oracle (NYSE: ORCL) And Amazon (NASDAQ: AMZN) Pile Billions Into AI foreignpolicyjournal.com
Wall Street Hedging Surges To Highs As Nvidia (NASDAQ: NVDA), Oracle (NYSE: ORCL) And Amazon (NASDAQ: AMZN) Pile Billions Into AI foreignpolicyjournal.com