Ocado Group Plc struck a deal to help British grocer Asda lift online sales, a boost for the company’s automated technology after a series of setbacks. The focus will be to quickly replace and upgrade Asda’s existing ecommerce infrastructure, with Ocado’s solutions to be rolled out starting in 2027, it said Friday. Asda handles more than 700,000 online orders a week in the UK, it added. Shares of ...
Ocado Group Plc struck a deal to help British grocer Asda lift online sales, a boost for the company’s automated technology after a series of setbacks. The focus will be to quickly replace and upgrade Asda’s existing ecommerce infrastructure, with Ocado’s solutions to be rolled out starting in 2027, it said Friday. Asda handles more than 700,000 online orders a week in the UK, it added. Shares of Ocado rose as much as 13% in early London trading, the biggest intraday gain since December, nearly erasing losses for the year. Ocado sells automated technology to help retailers deliver online orders to shoppers’ homes. But the company is fighting to prove its relevance after its biggest customer, US grocer Kroger Co. , decided to shut three Ocado fulfilment centers late last year. Another client, Canadian partner Sobeys Inc. , said it would close one of its warehouses in January. Read More: Ocado to Cut 5% of Staff as Warehouse Tech Rollout Falters Ocado is battling a trend among grocers to handle more online orders in stores rather than at fulfilment centers, and has recently exited a string of exclusivity deals. Ocado’s deal with Asda will offer in-store fulfilment and additional software, as opposed to building an automated warehouse. The pact isn’t expected to have a material financial impact for Ocado this financial year, and the company said it’s still aiming to be cash flow positive by the second half of 2026. Asda is seeking to boost sales through the partnership and help reverse sliding fortunes. The grocer’s sales and profit fell last year as it continued to shed market share to rivals. “We expect this to be a significant upgrade to Asda’s ecommerce capabilities and should allow it to compete better in a fast growing part of the grocery market,” analysts from RBC Capital Markets led by Manjari Dhar said in a note. Asda, the UK’s third-biggest supermarket, was bought by TDR Capital and the billionaire Issa brothers in 2021 in a highly leveraged deal. But its pro...
Alpha Cubed Investments LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 612,612 shares of the e-commerce giant's stock after purchasing an additional 32,296 shares during the period. Amazon.com accounts for 4.8% of Alp...
Alpha Cubed Investments LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 612,612 shares of the e-commerce giant's stock after purchasing an additional 32,296 shares during the period. Amazon.com accounts for 4.8% of Alpha Cubed Investments LLC's holdings, making the stock its 4th biggest holding. Alpha Cubed Investments LLC's holdings in Amazon.com were worth $141,403,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC grew its holdings in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in Amazon.com in the 3rd quarter worth approximately $27,000. MilWealth Group LLC boosted its stake in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares during the period. Bridge Generations Wealth Management LLC boosted its position in shares of Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 233 shares during the last quarter. Finally, Cooksen Wealth LLC boosted its position in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after acquiring an additional 47 shares during the last quarter. 72.20% of the stock is owned by institutional investors. Get Amazon.com alerts: Sign Up Amazon.com Price Performance Shares of ...
Ark Investment's Cathie Wood has become one of the best-known tech investors, as her Ark Innovation ETF (ARKK +3.93%) has put up some eye-popping returns in the past. Wood likes to make bold bets on future innovation, and as a result, her flagship exchange-traded fund (ETF) has been quite volatile over the years, with some big up and big down years. Recently, Wood was trimming her stake in Advance...
Ark Investment's Cathie Wood has become one of the best-known tech investors, as her Ark Innovation ETF (ARKK +3.93%) has put up some eye-popping returns in the past. Wood likes to make bold bets on future innovation, and as a result, her flagship exchange-traded fund (ETF) has been quite volatile over the years, with some big up and big down years. Recently, Wood was trimming her stake in Advanced Micro Devices (AMD +4.69%), while adding shares of recent IPO Cerebras Systems (CBRS 9.43%). Both semiconductor stocks have big opportunities in the inference market. Despite the share reduction, AMD is still Wood's second-largest holding, so it looks like she is just taking some profits and not giving up on the name. Let's take a closer look at both stocks and what Wood likely finds attractive about them. AMD: A huge inference and agentic AI opportunity AMD has been a nice winner for Wood, as the company is just beginning to ride a huge wave with inference and agentic AI. Long an afterthought to Nvidia (NVDA +0.80%) in the graphics processing unit (GPU) market, AMD is much better positioned for inference than AI model training, where Nvidia and its CUDA software platform dominate. AMD's own ROCm software platform has improved greatly over the past couple of years, and the chiplet design of its GPUs, which can pack in more memory, is better suited for inference. Expand NASDAQ : AMD Advanced Micro Devices Today's Change ( 4.69 %) $ 23.25 Current Price $ 518.79 Key Data Points Market Cap $845B Day's Range $ 493.60 - $ 527.00 52wk Range $ 108.62 - $ 527.20 Volume 927K Avg Vol 38M Gross Margin 47.09 % The company already has two large $100 billion GPU commitments in place that should help drive strong future growth. It is also believed that Anthropic will begin using AMD's newest GPUs for inference. On top of that, the company has a huge opportunity in the data center central processing unit (CPU) market. The ratio of GPUs to CPUs is narrowing quickly in this market with the ...
Asda has agreed a deal with Ocado for the grocery technology company to take over all home deliveries from Britain’s third largest supermarket from next year. Ocado will take over Asda’s delivery operations and will work from stores and “dark stores” – warehouses – from early 2027, the companies said in an announcement on Friday. Shoppers will be able to buy Asda products from Ocado’s web shop as ...
Asda has agreed a deal with Ocado for the grocery technology company to take over all home deliveries from Britain’s third largest supermarket from next year. Ocado will take over Asda’s delivery operations and will work from stores and “dark stores” – warehouses – from early 2027, the companies said in an announcement on Friday. Shoppers will be able to buy Asda products from Ocado’s web shop as well as making click-and-collect orders. Asda will also use Ocado’s platform to deliver orders placed through other apps such as Uber Eats, Deliveroo, and Just Eat. Asda will be hoping to arrest recent sales weakness under its private equity owners, TDR Capital and Mohsin Issa, and fight back against the German discount chains Aldi and Lidl. Asda’s UK grocery market share has dropped from 14.3% before their 2021 takeover to 11.5%, according to Kantar data – leaving it just above Aldi on 10.8%. The deal is also likely to be welcomed by shareholders in Ocado, which has suffered several missteps in its efforts to push its hi-tech vision of grocery delivery. Ocado uses large warehouses filled with robots to fill shopping baskets for delivery. In the UK Ocado runs the online supermarket Ocado.com as a joint venture with Marks & Spencer. It previously did deliveries for Waitrose. Ocado has rarely made a profit since it was founded 26 years ago. During the coronavirus pandemic lockdowns a wave of online shopping pushed its stock market value to more than £22bn. Its share price has collapsed from more than £27 to £2.08 before the Asda deal was announced. Its shares rose 9% on Friday morning after the deal was announced, making it the top riser on the FTSE 250. Other partnerships have proven problematic. In the US the Kroger supermarket chain last November announced it was closing three warehouses using Ocado’s equipment. Two months later Ocado revealed that Sobeys in Canada was closing its Calgary facility. Allan Leighton, Asda’s executive chair, said: “We know that continued succe...
Control Risks Partner Angela Mancini believes the outlook for a sustainable peace that meets the priorities of the primary threat actors in the Iran war remains very poor. She speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Control Risks Partner Angela Mancini believes the outlook for a sustainable peace that meets the priorities of the primary threat actors in the Iran war remains very poor. She speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
AssuredPartners Investment Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,892 shares of the e-commerce giant's stock after purchasing an additional 5,940 shares during the quarter. AssuredPartners Invest...
AssuredPartners Investment Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,892 shares of the e-commerce giant's stock after purchasing an additional 5,940 shares during the quarter. AssuredPartners Investment Advisors LLC's holdings in Amazon.com were worth $4,361,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Capital Advisory LLC boosted its position in shares of Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after acquiring an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $451,642,000. Narwhal Capital Management boosted its position in shares of Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock worth $49,997,000 after acquiring an additional 4,854 shares in the last quarter. Weaver Capital Management LLC boosted its position in shares of Amazon.com by 13.6% during the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock worth $9,063,000 after acquiring an additional 4,713 shares in the last quarter. Finally, Ethos Financial Group LLC boosted its position in shares of Amazon.com by 9.6% during the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after acquiring an additional 3,196 shares in the last quarter. Institutional investors own 72.20% of the company's stock. Get Amazon.com alerts: Sign Up Insider Buying and Selling at Amazon.com In other news, CEO Matthew S. Garma...
Willie B. Thomas/DigitalVision via Getty Images Just as the first quarter earnings season winds down, the market enters a crucial window for interim data, filling the quiet void before the Q2 corporate reporting cycle kicks off in mid-July. Because investors hate operating in a vacuum, these micro-indicators are vital for checking the real-time pulse of corporate health. The beginning of the month...
Willie B. Thomas/DigitalVision via Getty Images Just as the first quarter earnings season winds down, the market enters a crucial window for interim data, filling the quiet void before the Q2 corporate reporting cycle kicks off in mid-July. Because investors hate operating in a vacuum, these micro-indicators are vital for checking the real-time pulse of corporate health. The beginning of the month is traditionally anchored by the automotive sector, which regularly drops monthly sales, production, and delivery figures. Next week is no exception, as a wave of these interim reports will offer a critical sneak peek into consumer demand and manufacturing momentum well ahead of the official summer earnings rush. Interim Reports on Deck Next Week Monday, June 1 Interactive Brokers ( IBKR ) - Brokerage Metrics Subaru ( FUJHY ) - America Sales Tata Motors (500570.IN) - Sales Kia ( KIMTF ) - Monthly Sales NIO Inc. ( NIO ) - Delivery Update Hyundai ( HYMLF ) - Monthly Sales Tuesday, June 2 Fast Retailing Co. ( FRCOY ) - Monthly Sales Ryanair ( RYAAY ) - Traffic Results Volvo ( VLVLY ) - Sales Pershing Sq Holdings ( PSHZF ) - Monthly Net Asset Value Wednesday, June 3 Costco Wholesales Corp ( COST ) - Sales Results British American Tobacco ( BTI ) - Trading Update Intercontinental Exchange ( ICE ) - Revenue Cboe Global Markets, Inc. ( CBOE ) - Trading Volume Thursday, June 4 Fastenal ( FAST ) - Sales Norwegian Air Shuttle ( NWARF ) - Monthly Traffic Data Ford Motor ( F ) - Sales Nasdaq OMX ( NDAQ ) - Monthly Volumes Franklin Resources ( BEN ) - Month End Assets The Buckle ( BKE ) - Sales CleanSpark ( CLSK ) - Bitcoin Production Friday, June 5 Finnair ( FNNNF ) - Traffic Results Bullish ( BLSH ) - Monthly Metrics Tradeweb Markets ( TW ) - Trading Volume TMX Group ( TMXXF ) - Trading Statistics Consumer in Focus with These Three Interim Reports Next week we’ll be focused on the interim reports from three consumer-facing names: Costco, Ford, and The Buckle. They find themselves at ...
Ark Investment's Cathie Wood has become one of the best-known tech investors, as her Ark Innovation ETF (ARKK +3.93%) has put up some eye-popping returns in the past. Wood likes to make bold bets on future innovation, and as a result, her flagship exchange-traded fund (ETF) has been quite volatile over the years, with some big up and big down years. Recently, Wood was trimming her stake in Advance...
Ark Investment's Cathie Wood has become one of the best-known tech investors, as her Ark Innovation ETF (ARKK +3.93%) has put up some eye-popping returns in the past. Wood likes to make bold bets on future innovation, and as a result, her flagship exchange-traded fund (ETF) has been quite volatile over the years, with some big up and big down years. Recently, Wood was trimming her stake in Advanced Micro Devices (AMD +4.69%), while adding shares of recent IPO Cerebras Systems (CBRS 9.11%). Both semiconductor stocks have big opportunities in the inference market. Despite the share reduction, AMD is still Wood's second-largest holding, so it looks like she is just taking some profits and not giving up on the name. Let's take a closer look at both stocks and what Wood likely finds attractive about them. AMD: A huge inference and agentic AI opportunity AMD has been a nice winner for Wood, as the company is just beginning to ride a huge wave with inference and agentic AI. Long an afterthought to Nvidia (NVDA +0.80%) in the graphics processing unit (GPU) market, AMD is much better positioned for inference than AI model training, where Nvidia and its CUDA software platform dominate. AMD's own ROCm software platform has improved greatly over the past couple of years, and the chiplet design of its GPUs, which can pack in more memory, is better suited for inference. Expand NASDAQ : AMD Advanced Micro Devices Today's Change ( 4.69 %) $ 23.25 Current Price $ 518.79 Key Data Points Market Cap $845B Day's Range $ 493.60 - $ 527.00 52wk Range $ 108.62 - $ 527.20 Volume 927K Avg Vol 38M Gross Margin 47.09 % The company already has two large $100 billion GPU commitments in place that should help drive strong future growth. It is also believed that Anthropic will begin using AMD's newest GPUs for inference. On top of that, the company has a huge opportunity in the data center central processing unit (CPU) market. The ratio of GPUs to CPUs is narrowing quickly in this market with the ...
GOOG: Google Cloud will provide Anthropic up to 5 GW of TPU compute capacity to scale Claude, boosting dedicated AI infrastructure available to Anthropic. 1 Alphabet Class C (GOOG) chips are central to a $36 billion Apollo-led debt package to supply Anthropic; trade relevance: potential demand boost for GOOG hardware exposure. 2 GOOG: Google Cloud made Nano Banana 2 and Nano Banana Pro generally a...
GOOG: Google Cloud will provide Anthropic up to 5 GW of TPU compute capacity to scale Claude, boosting dedicated AI infrastructure available to Anthropic. 1 Alphabet Class C (GOOG) chips are central to a $36 billion Apollo-led debt package to supply Anthropic; trade relevance: potential demand boost for GOOG hardware exposure. 2 GOOG: Google Cloud made Nano Banana 2 and Nano Banana Pro generally available, expanding product access. Traders: note availability timing and potential impact on cloud revenue and demand. 3