Concerns about rising inflation due to the ongoing Iran war that has seen an astounding surge in global oil prices are hurting consumer confidence, which dipped further in May. Consumers are worried about the current labor market and are unclear about the economy’s health, which has turned them pessimistic. Also, several Federal Reserve policymakers feel the need for a rate cut if inflation contin...
Concerns about rising inflation due to the ongoing Iran war that has seen an astounding surge in global oil prices are hurting consumer confidence, which dipped further in May. Consumers are worried about the current labor market and are unclear about the economy’s health, which has turned them pessimistic. Also, several Federal Reserve policymakers feel the need for a rate cut if inflation continues to remain elevated. We, thus, recommend buying four defensive stocks from the utilities and consumer staples sector, namely, Atmos Energy Corporation ATO, CMS Energy Corporation CMS, The New York Times Company NYT and Tyson Foods TSN. These stocks have seen positive earnings estimate revisions in the past 60 days, carry a Zacks Rank #2 (Buy) at present and are set for solid returns. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Consumer Confidence Dips The Conference Board on Tuesday reported that consumer confidence declined to 93.1 in May from an upwardly revised 93.8 in the prior month. Last month’s upward revision came as consumers grew slightly optimistic after a ceasefire announcement by President Donald Trump raised hopes of an end to the Iran war. However, talks have fallen apart since then, and there are no clear signs of the war ending soon. Gasoline prices have surged nearly 40% since the beginning of the war with Iran and have played a major role in pushing inflation. The consumer price index (CPI) increased 0.6% in April from the previous month after climbing 0.9% in March, according to data released earlier by the Bureau of Labor Statistics. Compared with a year earlier, CPI advanced 3.8% in April, marking its highest level since May 2023. Core CPI, which excludes the more volatile food and energy categories, rose 0.4% month over month and was up 2.8% from the same period last year. The consumer price report comes days after the University of Michigan’s consumer sentiment survey, which showed a sharp decline. The Consumer...
BEIJING, May 27 (Reuters) - U.S. PayPal users can now make purchases across China using WeChat Pay's QR-code merchant network, Tencent Financial Technology said on Wednesday, adding the service will be rolled out to PayPal users in other markets in phases. • Tencent's cross-border payment platform TenPay Global is now connected to PayPal World, Tencent Financial Technology vice president Dan...
BEIJING, May 27 (Reuters) - U.S. PayPal users can now make purchases across China using WeChat Pay's QR-code merchant network, Tencent Financial Technology said on Wednesday, adding the service will be rolled out to PayPal users in other markets in phases. • Tencent's cross-border payment platform TenPay Global is now connected to PayPal World, Tencent Financial Technology vice president Daniel Hong said, according to a company social media post. • The company is offering incentives to encourage the use of foreign bank cards linked to WeChat Pay, including temporary fee waivers through 2026. • It will also expand language support and on-the-ground assistance for international users in Shenzhen ahead of the Asia-Pacific Economic Cooperation (APEC) meeting in November. • Ant Group's Alipay and Tencent's WeChat Pay dominate China's digital payments market, underpinning everyday transactions across retail, transport and services in the world's largest mobile payments market. (Reporting by Shi Bu and Liz Lee. Editing by Mark Potter)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Apple (AAPL), Marvell (MRVL) and F5, Inc. (FFIV). Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newslett...
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Apple (AAPL), Marvell (MRVL) and F5, Inc. (FFIV). Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Apple (AAPL) In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on Apple, with a price target of $380.00. The company’s shares closed last Friday at $308.82. According to TipRanks.com, Mohan is a top 100 analyst with an average return of 46.3% and a 65.0% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings. ;'> Apple has an analyst consensus of Moderate Buy, with a price target consensus of $320.83, representing a 4.8% upside. In a report issued on May 11, Evercore ISI also maintained a Buy rating on the stock with a $330.00 price target. See the top stocks recommended by analysts >> Marvell (MRVL) In a report released today, C J Muse from Cantor Fitzgerald maintained a Hold rating on Marvell, with a price target of $190.00. The company’s shares closed last Friday at $196.33. According to TipRanks.com, Muse is a top 25 analyst with an average return of 80.5% and a 76.4% success rate. Muse covers the Technology sector, focusing on stocks such as Advanced Micro Devices, GlobalFoundries Inc, and Applied Materials. ;'> Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $164.58, implying a -15.5% downside from current levels. In a report issued on May 13, Goldman Sachs also maintained a Hold rating on the stock with a $125.00 price target. F5, Inc. (FFIV) Bank of America Securities analyst Tal Liani reiterated a Sell rating on F5, Inc. today and set a price target of $300.00. The c...
Employees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. The agree...
Employees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. The agreement, mediated by South Korea’s government, means Samsung will set aside 10.5% of operating profits at its semiconductor division to pay special bonuses to its chip workers. It should end a bitter five-month dispute. But it could also create tensions within Samsung, as employees in other divisions such as its consumer electronics arm will receive much smaller bonuses in comparison. Reuters reported last week that a memory chip worker with a base salary of 80 million won ($53,400 or £39,700), for example, is expected to receive a bonus of about 626 million won ($416,000 or £310,000) this year, mostly paid in stock, according to a union source. Bonus levels will vary between staff. Bloomberg calculated that Samsung’s chip workers stand to get 513 million won ($340,000 or £250,000) on average. Samsung employs about 78,000 people in its semiconductor division, which includes memory chips, contract chipmaking and designing semiconductors for clients. Demand for memory chips from AI datacentres has led to a chip shortage, prompting vendors to lift their prices sharply, boosting their profits. This boom has driven the value of the memory chip firms SK Hynix and Micron over the one-trillion-dollar mark for the first time. Shares in South Korea’s SK Hynix surged by more than 9% on Wednesday, lifting its market capitalisation to above $1tn. On Tuesday, Micron’s share price rocketed by 19%, taking its value over the $1trn mark, after analysts at investment bank UBS tripled their price target on its stock. Micron helped to lift the tech-focused Nasdaq index to a new record high on Tu...
People walk past a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Lululemon is ending its feud with founder Chip Wilson. The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest individual shareholder. Under the terms of the deal, Luluelmon has agreed to a...
People walk past a Lululemon store on April 03, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Lululemon is ending its feud with founder Chip Wilson. The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest individual shareholder. Under the terms of the deal, Luluelmon has agreed to appoint two of Wilson's nominees – former On co-CEO Marc Maurer and former ESPN Chief Marketing Officer Laura Gentile – and an additional director with "product and brand expertise in apparel" by October. In exchange, Wilson agreed not to bad mouth the company for about a year and a half, among other provisions. Shares rose about 4% in early trading. Wilson previously asked the company to reimburse expenses associated with his proxy contest, but ultimately agreed instead to a donation that Lululemon will make to Kitsilano Beach in Vancouver, where Lululemon was founded, to support athletics, art and landscaping. "We are pleased to reach this agreement with Chip Wilson, which allows lululemon to focus on continuing to strengthen its performance," said Marti Morfitt, Lululemon's executive chair. "We look forward to welcoming Laura and Marc, who will bring additional perspective to our existing group of qualified directors. Lululemon now has a clear path forward for our incoming CEO, Heidi O'Neill, and our leadership team, as we continue to advance our strategies to foster strong brand health, reaccelerate growth, and deliver enhanced value for our shareholders." Wilson said the appointees, alongside strategic changes already made, "reflect meaningful progress toward restoring the company's product-first vision and unlocking tremendous value for shareholders." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
BlackJack3D/E+ via Getty Images I'm very optimistic about Savara ( SVRA ) because investors are continuing to evaluate the company as a single-asset biotech rather than a developing rare disease commercial infrastructure. This distinction may appear minor but will significantly influence how the market views Savara. Savara has been focused on one specific asset (MOLBREEVI), which is an inhaled for...
BlackJack3D/E+ via Getty Images I'm very optimistic about Savara ( SVRA ) because investors are continuing to evaluate the company as a single-asset biotech rather than a developing rare disease commercial infrastructure. This distinction may appear minor but will significantly influence how the market views Savara. Savara has been focused on one specific asset (MOLBREEVI), which is an inhaled form of granulocyte-macrophage colony-stimulating factor (GM-CSF) designed to treat autoimmune pulmonary alveolar proteinosis (autoimmune PAP), a rare lung disease with no approved pharmacologic therapy in the U.S. or Europe. The primary focus of the investment thesis isn't just "Will this drug work?," since the Phase 3 trial results meaningfully support that MOLBREEVI works. The more relevant question is whether Savara can take an underdiagnosed and poorly served disease category and turn it into an organized commercial market. I believe Savara is closer than ever. Runway And Launch Cash Savara's latest quarterly financials show the characteristics that I'd reasonably expect from a company transitioning from late-stage development into launch-ready status. The net loss for Q1 2026 of $37.3 million, or $0.15 per share, represents an increase over the prior-year period when the net loss totaled $26.6 million, or $0.12 per share. Thus, while the headline loss may slightly overstress the cash needs of the business, the company is making significant investments into regulatory, manufacturing, and commercial preparation. R&D expenses grew by 22.1% to $23.4 million, primarily due to chemistry, manufacturing, and controls ( CMC ), manufacturing, and personnel-related R&D expenditures. G&A expense rose 68.4% to $15.6 million, mainly driven by higher personnel costs and stock-based compensation. In rare disease medicine, the launch infrastructure must be built before receiving the label. As most recently reported, Savara had around $202.8 million of cash, cash equivalents, and short-te...
S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is little changed Here are some of the biggest US movers today: Magnificent Seven stocks are mixed early Wednesday: Tesla (TSLA) +2.3%,...
S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is little changed Here are some of the biggest US movers today: Magnificent Seven stocks are mixed early Wednesday: Tesla (TSLA) +2.3%, Nvidia (NVDA) +0.7%, Apple (AAPL) +0.1%, Amazon (AMZN) -0.2%, Alphabet (GOOGL) -0.6%, Microsoft (MSFT) -0.7%, Meta Platforms (META) -0.7% Bath & Body Works (BBWI) rises 12% after it reaffirmed its adjusted earnings per share forecast for the full year and said CFO Eva Boratto will step down from her role effective June 12. Dycom Industries (DY) rises 21% after it reported contract revenue for the first quarter that beat the average analyst estimate. Energy stocks (KOS -2.1%, DINO -0.9%) received mixed rating changes at Mizuho as it sees oil prices taking until 2027 to normalize even if the Middle East conflict is resolved in June, while gas prices aren’t expected to see as much of a lasting uplift. FedEx Corp. shares (FDX) rise 1.6% after JPMorgan raised its recommendation to overweight from neutral as it sees improvements at FedEx’s legacy business ahead of a separation from freight. GXO Logistics Inc. (GXO) rises 2.2% after Barclays raised its recommendation to overweight from equal-weight on improving margins. PDD ADRs (PDD) fall 8% after it reported revenue for the first quarter that missed the average analyst estimate. Semtech shares (SMTC) are up 10% after the semiconductor device company reported first-quarter results that beat expectations and gave an outlook that is seen as positive. Shares in rocket, space and satellite communications companies (RDW +14%, LUNR +13%) are rallying, set to extend recent gains as the sector has advanced since SpaceX filed publicly for what stands to be the largest-ever initial public offering. Shares in semiconductor and chip equipme...
Barcelona have joined Bayern Munich in the race to sign Newcastle United forward Anthony Gordon. The La Liga champions hold an interest in the England international and are in talks with Newcastle over a potential deal. Although Barca have had financial restrictions in recent years, the club are understood to have the ability to spend whatever is generated from player sales. Bayern Munich have als...
Barcelona have joined Bayern Munich in the race to sign Newcastle United forward Anthony Gordon. The La Liga champions hold an interest in the England international and are in talks with Newcastle over a potential deal. Although Barca have had financial restrictions in recent years, the club are understood to have the ability to spend whatever is generated from player sales. Bayern Munich have also held formal discussions with Newcastle, but BBC Sport previously reported there was a gap in valuation between the two clubs. Newcastle chief executive David Hopkinson made it clear they will only sell players on "our terms" in March. The club are in a relatively strong position to command a minimum of £70m for Gordon, whose contract does not expire until 2030. Newcastle will ultimately need to trade to rebuild this summer, particularly after a disappointing 12th-place finish in the Premier League. Gordon, who has previously played for Everton, looks the likeliest of Newcastle's key players to depart and the club's top-scorer was even left on the bench for the final four games of the campaign because head coach Eddie Howe had an eye on the future. Supporters in the away end briefly sang Gordon's name following the 2-0 defeat at Fulham on the final day in what felt like a farewell. Howe was asked afterwards if the 25-year-old had played his last game for the club. "I don't know, as I said in the build up to the game," he said. "You can never predict what's going to happen. "He obviously goes to the World Cup now so we wish him well." Barcelona also hold an interest in Atletico Madrid forward Julian Alvarez and Chelsea striker Joao Pedro. Hansi Flick's side have the option of signing Marcus Rashford, Gordon's international team-mate, on a permanent basis for £26m following his loan from Manchester United.
Key Points Interactive Brokers has been growing rapidly -- and in multiple ways. Its stock isn't cheap, but for the right investor, it might be worth considering. 10 stocks we like better than Interactive Brokers Group › If you're not familiar with Interactive Brokers (NASDAQ: IBKR), you might want to be. It has been delivering outsize gains to its investors -- thanks to its impressive results. He...
Key Points Interactive Brokers has been growing rapidly -- and in multiple ways. Its stock isn't cheap, but for the right investor, it might be worth considering. 10 stocks we like better than Interactive Brokers Group › If you're not familiar with Interactive Brokers (NASDAQ: IBKR), you might want to be. It has been delivering outsize gains to its investors -- thanks to its impressive results. Here's a look at the company and the many things it's doing right -- along with some thoughts on whether you should consider it for your long-term portfolio. 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 » Meet Interactive Brokers Let's start with what is arguably the most tantalizing thing about the company -- its stock performance. Wow, right? Time Period Interactive Brokers Year to date 30.42% Past 1 year 59.95% Past 3 years (annualized) 64.84% Past 5 years (annualized) 38.37% Past 10 years (annualized) 24.64% Past 15 years (annualized) 22.31% You may not be familiar with Interactive Brokers, but it's in its 49th year as a broker/dealer, with the following mission: "Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools." It employs more than 3,000 people in offices around the world, executing (with its affiliates) around 4.4 million trades daily. The company boasted a million client accounts in 2020, two million in 2022, and four million in 2025. It's growing quickly! A look at Interactive Brokers' business Here are some impressive numbers for April -- supplied by the company, which reports important metrics monthly: Daily average revenue trades numbered 4.2 million, up 11% year over year Client equity of $871 billion, up 48% year over year Client margin loan balances of $91 billion, up 57% year over year Client acco...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, luxury watch maker Movado Group, Inc. (MOV) again said it has elected not to provide financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict. As such, the Company added that it expects net s...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, luxury watch maker Movado Group, Inc. (MOV) again said it has elected not to provide financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict. As such, the Company added that it expects net sales growth to moderate in the second quarter. The Company also announced that the Board of Directors approved a $0.05 increase in the regular quarterly dividend to $0.40 per share, payable on June 24, 2026, for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 10, 2026. In Wednesday's pre-market trading, MOV is trading on the NYSE at $30.35, up $0.55 or 1.85 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.