周一早盘，美国政府与伊朗就重启霍尔木兹海峡航运、结束中东冲突展开谈判，国际油价应声下跌。 截至周一早盘，北美基准西德克萨斯轻质原油期货一度下跌超6.1%，报90.68美元/桶；全球基准布伦特原油期货同样下跌6.1%，报价97.22美元/桶。 油价回落带动美国成品油零售价小幅下调。美国汽车协会数据显示，周一普通汽油均价超每加仑4.5美元，较周日、一周前均微降不足1美分。 柴油价格较一周前下跌超3美分，均价跌破每加仑5.6美元。 尽管油价处于高位，该机构上周预估，阵亡将士纪念日周末自驾出行人数将突破3900万，创下历史新高。 美国汽车协会发言人 Tiffany Wright 表示：“出行规模再创纪录，但同比增幅创下十余年来最低水平。出行需求依旧旺盛，不过高油价与持续通胀，或将促使民众缩短行程、延后出行计划，或是选择短途出游。” 多家媒体周日消息显示，美伊双方官员正磋商停战协议条款。 上月伊朗军方限制霍尔木兹海峡通航，这条航道承担全球近五分之一的石油运输量，美方随即出动海军封锁伊朗港口。此举震动全球能源市场，美以联军对伊朗发起打击前夕，美国汽油均价尚不足3美元，此后油价大幅飙升。 美国中央司令部周六称，封锁行动期间，美方已调整海峡内100艘船只的航行路线。 特朗普周一表态，美伊谈判最终要么达成一份实质性协议，要么谈判无果告终。 Gas Buddy 石油分析负责人 Patrick De Haan 周日在社交媒体发文称，在正式签署协议、大量船舶恢复通航前，美国汽油均价大概率将持续高于每加仑4美元。 霍尔木兹海峡监测网站数据显示，过去24小时仅有两艘船舶通行，远低于战前日均60艘的通航水平。 De Haan 补充道：只有市场信心恢复、航运往来重回常态，油价才会大幅回落。 责任编辑：陈钰嘉

财联社5月25日讯（记者 肖良华） “五月初出栏的一批鸡，棚前价格3.72元/斤，一只鸡利润接近3元钱，属于这几年比较好的情况了。”菏泽白羽肉鸡养殖户李先生对财联社记者表示，身边合同鸡养殖户盈利情况差一点，但是也在2元以上。 而生猪价格今年以来却持续下行。公开信息显示，截至2026年5月25日，全国外三元生猪收购均价为约9.59元/公斤，较年内低点有所上涨，但仍远远低于成本线，处于至暗时刻的生猪从业者尚未见到光明。养殖行业有“一猪压百禽”通俗说法，2026年，为何会出现生猪低迷，白羽肉鸡表现尚可的局面？ 对此， 益生股份 （002458.SZ）总裁林杰对财联社记者表示，猪肉和鸡肉价格有相关性，但也受各自供需关系的影响。与猪肉消费相比，白鸡消费仍处于增量市场，需求的增加带动了毛鸡和鸡苗价格的上涨。“今年以来，无论是父母代鸡苗还是商品代鸡苗价格都逐月上涨。当前公司父母代鸡苗订单已排到7月份，商品代鸡苗订单排到7月中旬。” 布瑞克农业大数据研究总监林国发重点提到了海外市场对白羽鸡的提振作用。“日本人喜欢吃鸡腿，欧美人喜欢吃鸡胸肉，中国人喜欢吃鸡翅、鸡爪等副产品，白羽鸡消费全球互补性强，这几年中国白羽鸡企业积极拓展海外市场，有效的消化新增产能，保证了行业的盈利能力。同期，猪肉消费一直处于下行状态，供给端集团化占比太高，产能难以退出，供应过剩的局面无法短期内改变，因此今年鸡猪走势出现了分化。” 财联社记者采访获悉，因海外市场需求较为旺盛，产品售价和毛利更高， 圣农发展 （002299.SZ）、 仙坛股份 （002746.SZ）、 春雪食品 （605567.SH）等白羽鸡生产企业均在积极开拓海外市场。仙坛股份相关负责人表示，公司已在中国香港注册成立仙坛国际有限公司，积极开拓海外市场。春雪食品相关负责人对财联社记者表示，公司产品在日本有较高市占率，当前欧洲市场增速较快。 白鸡突破生猪“桎梏” 近日，益生股份、 民和股份 （002234.SZ）、仙坛股份、圣农发展等国内主要白羽肉鸡企业陆续发布4月销售情况简报，数据显示，行业整体呈现销量、收入、价格同比增长的态势，上游鸡苗与下游鸡肉产品同步回暖。 自2025年四季度至5月上旬，山东地区部分屠宰项目投产，而肉鸡养殖环节暂无新增产能，使得毛鸡收购环节整体呈供不应求状态，加之屠宰企业整体盈利，进一步支撑屠宰企业收购积极性，使得毛鸡价格相对...

行业船舶追踪数据显示，全球最大炼油综合体运营方印度信实工业4月日均进口俄罗斯原油21.78万桶，环比降幅37.9%。 在美国临时放宽限制、助力稳定国际油价后，信实工业时隔七年于4月再度进口伊朗原油。 数据显示， 俄油 占该企业4月原油总进口量的16.7%，较上月26.3%有所下滑。 责任编辑：陈钰嘉

Africa’s biggest stock-exchange operator is working to tighten oversight of how brokers and trading firms access the bourse to lessen the risk of rogue algorithms and trading errors that could disrupt the market. JSE Ltd. now wants trading-service providers such as brokers to directly control and monitor market access to help prevent disruptive trades, it said in proposed changes to its rules and directives issued Monday. The Johannesburg-based company first published the proposals in March 2024. After submitting them to the Financial Sector Conduct Authority, the JSE now plans to elevate key controls over algorithmic and direct-market-access trading from technical directives into its formal rulebook following feedback from the regulator. This would strengthen the exchange’s oversight powers. The changes bring the JSE closer into line with post-financial-crisis global standards for algorithmic and DMA trading, reflecting controls already used in US and European markets. Brokers will remain responsible for the oversight of these controls even if third-party vendors are involved in their design or maintenance, the JSE said. JSE members have 10 days to lodge objections, following which the amendments will go to the FSCA for approval. The notice doesn’t specify an implementation date. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .

The Vanguard Dividend Appreciation Index Fund ETF Shares (NYSEARCA:VIG) is having a quieter year than its big-cap dividend-growth reputation suggests, with shares around $229 and a 5% year-to-date gain trailing the broader market. The 12-month picture is stronger at almost 17%, but the recent flattening tells you something important: VIG’s dividend-growth playbook is being squeezed ... VIG Investors: Watch the 10-Year Treasury Yield This Week—4.75% Is the Danger Line

财联社5月25日讯（记者 郭子硕） 5月22日，证监会等八部门联合印发《综合整治非法跨境 证券 期货 基金经营活动实施方案》（下称《整治方案》），关于存量违规跨境券商的“大限”终于一锤定音。方案明确，将在两年整治期内全面清退存量业务。 而据 中信证券 测算，全市场受影响存量资产规模预计约2000亿至2500亿港元。监管也划定了这笔资金的“转场地”——那就是港股通、QDII、跨境理财通。 多位受访的 银行 及理财人士向财联社记者表示，从长远看这对行业无疑是重大利好。存量投资者将不得不向港股通、QDII及跨境理财通等官方渠道迁移，这将为持牌机构带来持续的增量资金与客户沉淀。但考虑额度限制等因素，当前完全承接相关需求或有一定难度。 “QDII最大的问题在于获批资格和额度。”一位理财人士则向记者坦言，“额度太紧张了，很多基金公司早就把分到的额度用完了。我们做QDII和全球配置的产品，很多买公募基金，但就算是公募基金自己，额度也不够用。由于额度紧张，即便是头部基金公司旗下QDII产品也普遍处于限购状态。 国家外汇管理局数据显示，截至2026年3月31日，QDII投资额度共计1761.69亿美元。 一位外资银行人士对财联社记者表示，理论上跨境理财通有望承接一部分境内投资者境外投资的需求，但据现行规定，跨境理财通（南向通）仅面向 粤港澳大湾区 内地九市的居民开放。 “如果江浙沪这些高净值人群聚集地能开试点，吸引力会非常强。但目前理财通3.0还没有新进展。”上述外资行人士补充道。在地理围栏尚未打破之前，跨境理财通作为承接全国性资金溢出需求的“池子”，可能难以满足全国性需求。 财联社记者注意到，当前南向通的最新要求为，投资者的资产或者收入满足以下任一条件即可：最近3个月家庭金融净资产不低于100万元人民币、或金融资产不低于200万元人民币、或近3年本人年均收入不低于40万元人民币。 “也就是说，就算江浙沪开了试点，小资金也还是进不去。”上述外资行人士补充道。

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Alibaba (BABA). Alibaba currently has an average brokerage recommendation (ABR) of 1.41, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.41 approximates between Strong Buy and Buy. Of the 27 recommendations that derive the current ABR, 22 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 81.5% and 3.7% of all recommendations. Brokerage Recommendation Trends for BABA Broker Rating Breakdown Chart for BABA Check price target & stock forecast for Alibaba here>>> While the ABR calls for buying Alibaba, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. With an impressive externally audited track record, ...

This morning a "Potential Dividend Run Alert" went out for Cohen & Steers Quality Income Realty Fund (NYSE: RQI), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.09 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.09 the next day, then effectively, buyers would effectively be paying 0.09 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other word...

There's a clear "disconnect" happening in the US economy right now. And most investors are on the wrong side of it. Funny thing about it is, it's pretty obvious. We hear about both sides of it in the news daily, but few people truly see it for what it is. And the 10.5% dividend we're going to discuss today is the perfect play on this misconception. The first part of our opportunity? Consumer sentiment, which I'm sure you've heard is in the tank: Here's the University of Michigan consumer-sentiment survey over the last 50 years. At the right side of this chart we see that the current level is the lowest it's been in all of that time. In other words, Americans today feel worse about the economy than they've felt in a couple of generations, more or less. Which is where the other side of our disconnect comes in: In the last year alone, the S&P 500 has returned 25%. That, of course, is good news for those of us who own stocks, but keep in mind that stocks do return around 10% per year including dividends, on average, so this strong gain clearly shows the value of buying for the long term and being patient. But the disconnect between stocks' brilliant performance and lousy sentiment raises another question: Are we headed for a correction? That's not what we see in the data. Not even close. As you can see above, S&P 500 firms booked year-over-year gains north of 11% in Q1. That's the highest since 2022, and it's historically very high indeed. Note also that sales growth has been accelerating for years. That's in part due to businesses benefitting from the AI boom. Whatever feelings we may each have about AI, there's no denying the fact that the AI buildout is benefitting utilities, energy, infrastructure, construction, transport, retail and other industries. That's showing up in US companies' bottom lines--even those of some of the riskiest firms out there. In the speculative credit market, we're seeing default rates fall significantly. Most crucially, they're falling fast...

Mastercard is in an elite club. Among S&P 500 components, only Nvidia and Apple shares have performed better over the two-decade span since the card company’s IPO.

B4LLS/iStock via Getty Images TE Connectivity plc ( TEL ) is an American-Irish-domiciled technology company that designs and manufactures electrical and electronic components. Founded in 1941, TE Connectivity is now a $60 billion (by market cap) connector powerhouse employing 80,000 people. TE Connectivity became an independent entity in 2007 after its former parent, Tyco International, split into three companies (one of which became TE Connectivity). TE Connectivity has two operating segments: Transportation Solutions, 54% of FY 2025 revenue; and Industrial Solutions, 46%. In Transportation Solutions, the company largely supplies the automotive industry with a range of critical components, including connectors, relays, and sensors. In Industrial Solutions, the company provides a variety of industries and end markets (such as aerospace, data centers, and the electrical grid) with products that connect and distribute power (such as cabling, connector systems, heat shrink tubing, and terminals). That latter part of TE Connectivity is particularly interesting and relevant right now, as the company is providing the right products to the right industries at the right time. We’re talking about components and systems for high-speed data transmission, power distribution, electrification, and thermal management in data centers. As the massive AI buildout occurs, which is causing a huge spike in spending/investment across digital infrastructure and power supply, TE Connectivity is clearly a direct beneficiary. Since many of the company’s components are both mission-critical and a very small portion of overall project cost, TE Connectivity’s expertise and product reliability give it a huge boost over would-be competitors. Simultaneously, the other part of the business is taking advantage of increasing content per vehicle and rising EV production. Being exposed to multiple secular growth themes at the same time, it almost couldn’t be in a better business model at a better time....

In recent trading, shares of Cabot Corp. (Symbol: CBT) have crossed above the average analyst 12-month target price of $90.00, changing hands for $90.33/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 5 different analyst targets within the Zacks coverage universe contributing to that average for Cabot Corp., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $80.00. And then on the other side of the spectrum one analyst has a target as high as $103.00. The standard deviation is $8.276. But the whole reason to look at the average CBT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CBT crossing above that average target price of $90.00/share, investors in CBT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $90.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Cabot Corp.: Recent CBT Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 3 3 3 4 Buy ratings: 0 0 0 0 Hold ratings: 2 2 2 1 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.8 1.8 1.8 1.4 The average rating presented in the last row of the above table...

Super Micro Computer (SMCI +6.34%) recently posted some incredibly strong sales numbers, with its top line more than doubling. Net sales of $10.2 billion for the third quarter of Fiscal 2026, which ended on March 31, were up an impressive 123% year over year. The company, which is involved in the sale of key technology infrastructure for businesses, including servers for artificial intelligence (AI), has experienced tremendous growth in recent years. But while its sales have been impressive, that may not be enough of a reason to invest in the tech stock. Here's why, despite its strong top-line numbers, I'd stay far away from it. The company's razor-thin margins are a huge concern A big problem that continues to plague Super Micro Computer is that its margins are extremely low. This means that its cost of revenue is high, and thus, a small portion of its revenue is left over to cover operating expenses and flow through to the bottom line. In its most recent quarter, which ended on March 31, Super Micro's gross margin was just under 10%. While margins have improved modestly for Super Micro, they remain incredibly low. And over the past nine months, while revenue has risen by 72% to $27.9 billion, its gross profit has risen by just 21% to $2.3 billion. The company has been doing well due to strong demand as a result of AI, but if that slows down, then that would only make things worse; C3.ai's incredibly strong revenue growth is making up for its low margins, enabling it to generate solid gains on the bottom line. But if things change, that may quickly no longer be the case. Expand NASDAQ : SMCI Super Micro Computer Today's Change ( 6.34 %) $ 2.12 Current Price $ 35.58 Key Data Points Market Cap $21B Day's Range $ 33.68 - $ 35.94 52wk Range $ 19.48 - $ 62.36 Volume 39.4M Avg Vol 37.7M Gross Margin 8.39 % Super Micro stock may look cheap, but it's not worth the risk In the past 12 months, shares of C3.ai have declined by 14%. Today, the stock trades at a relatively low ...

The State Street Consumer Discretionary Select Sector SPDR ETF, the bellwether exchange-traded fund (ETF) dedicated to that sector, is off 1.2% year to date. That performance is all the more gloomy when considering the S&P 500 is up 8.6% since the start of 2026. As expected, some consumer discretionary stocks are outperforming the group as a whole, while others are outright duds. But one thing that's interesting about the consumer cyclical laggards group is that it includes some potentially attractive dividend names. In fact, there are 20 consumer discretionary stocks spanning large-, mid-, and small caps that are down at least 20% year to date and have dividend yields of at least 2%. Yes, some members of that group are falling knives and/or value traps, but there are also large-cap names here with legitimate opportunities for long-term dividend investors. Here's a pair that might be worthy of buying on the dip. Cold pizza, hot dividend opportunity Down 14.4% over the past month and residing 36.7% below its 52-week high, Domino's Pizza (DPZ +0.00%) has gone stale -- at least, in the eyes of some investors. Disappointing first-quarter results, delivered late last month, are certainly part of the problem. Revenue beat Wall Street estimates, but earnings per share (EPS) and same-store sales missed sell-side forecasts, sending the stock tumbling. The EPS and same-store sales misses are indicative of macroeconomic factors, such as sticky inflation and tepid consumer sentiment, weighing on some of the previously best fast-food stocks, including Domino's. Compounding the pizza franchise's woes is that it was one of 16 stocks Berkshire Hathaway dumped in the first quarter. So what was once a "Warren Buffett" stock is no longer. For many investors, the Buffett endorsement is meaningful, as it should be, but Berkshire parting ways with Domino's isn't necessarily a kiss of death. By his own admission, Buffett sold some Berkshire holdings too early over the years, with Apple an...

This morning a "Potential Dividend Run Alert" went out for Cohen & Steers Real Estate Opportunities and Incom (NYSE: RLTY), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.11 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.11 the next day, then effectively, buyers would effectively be paying 0.11 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in ...

In recent trading, shares of Sanmina Corp (Symbol: SANM) have crossed above the average analyst 12-month target price of $85.25, changing hands for $87.38/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 4 different analyst targets within the Zacks coverage universe contributing to that average for Sanmina Corp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $69.00. And then on the other side of the spectrum one analyst has a target as high as $92.00. The standard deviation is $10.874. But the whole reason to look at the average SANM price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with SANM crossing above that average target price of $85.25/share, investors in SANM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $85.25 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Sanmina Corp: Recent SANM Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 0 0 0 0 Buy ratings: 0 0 0 0 Hold ratings: 3 1 1 1 Sell ratings: 0 1 1 1 Strong sell ratings: 0 0 0 0 Average rating: 3.0 3.5 3.5 3.5 The average rating presented in the last row of the abo...

In recent trading, shares of Steel Dynamics Inc. (Symbol: STLD) have crossed above the average analyst 12-month target price of $75.10, changing hands for $75.23/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 5 different analyst targets within the Zacks coverage universe contributing to that average for Steel Dynamics Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $60.00. And then on the other side of the spectrum one analyst has a target as high as $98.00. The standard deviation is $16.18. But the whole reason to look at the average STLD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with STLD crossing above that average target price of $75.10/share, investors in STLD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $75.10 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Steel Dynamics Inc.: Recent STLD Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 3 3 3 3 Buy ratings: 0 0 0 0 Hold ratings: 2 2 2 2 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.8 1.8 1.8 1.8 The average rating presented in the...

In recent trading, shares of Arrow Electronics, Inc. (Symbol: ARW) have crossed above the average analyst 12-month target price of $128.00, changing hands for $129.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 4 different analyst targets within the Zacks coverage universe contributing to that average for Arrow Electronics, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $110.00. And then on the other side of the spectrum one analyst has a target as high as $140.00. The standard deviation is $12.754. But the whole reason to look at the average ARW price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ARW crossing above that average target price of $128.00/share, investors in ARW have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $128.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Arrow Electronics, Inc.: Recent ARW Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 0 0 0 0 Buy ratings: 0 0 0 0 Hold ratings: 4 4 4 4 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 3.0 3.0 3.0 3.0 The average rating pr...

This morning a "Potential Dividend Run Alert" went out for Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.131 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.131 the next day, then effectively, buyers would effectively be paying 0.131 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash divide...

This morning a "Potential Dividend Run Alert" went out for Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.136 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.136 the next day, then effectively, buyers would effectively be paying 0.136 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in oth...

In recent trading, shares of Credo Technology Group Holding Ltd (Symbol: CRDO) have crossed above the average analyst 12-month target price of $18.88, changing hands for $19.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 8 different analyst targets within the Zacks coverage universe contributing to that average for Credo Technology Group Holding Ltd, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $18.00. And then on the other side of the spectrum one analyst has a target as high as $20.00. The standard deviation is $0.834. But the whole reason to look at the average CRDO price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CRDO crossing above that average target price of $18.88/share, investors in CRDO have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $18.88 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Credo Technology Group Holding Ltd: Recent CRDO Analyst Ratings Breakdown » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 7 7 7 7 Buy ratings: 1 1 1 1 Hold ratings: 0 0 0 0 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.13 1...

This morning a "Potential Dividend Run Alert" went out for Cohen & Steers Total Return Realty Fund (NYSE: RFI), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.08 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.08 the next day, then effectively, buyers would effectively be paying 0.08 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words:...

卡塔尔外交部一名官员25日告诉新华社记者，一个伊朗高级代表团正在卡塔尔首都多哈参加会谈，代表团成员包括伊朗伊斯兰议会议长卡利巴夫和外交部长阿拉格齐。此次会谈旨在讨论美伊间达成协议、结束战争的可能性。 这名不愿透露姓名的官员表示，会谈将重点讨论包括霍尔木兹海峡、伊朗高浓缩铀库存、伊朗海外被冻结资金等问题。伊朗央行行长在代表团中负责讨论最终协议可能涉及的金融相关事项。(新华社)

primeimages/E+ via Getty Images Market Review The bond markets, including U.S. Treasuries and municipals, turned markedly bearish during March, as the US-Israel/Iran conflict drove macro rate volatility and uncertainty. Negative price pressures pushed yields higher in March as concerns over labor market weakness were replaced by concerns on inflation due to war-induced higher energy prices. The March selloff largely erased solid gains from the asset class during the first two months of 2026 as municipal yields tracked the broader Treasury market as well as reflected typical seasonal weakness. March has historically been a challenging period for municipals due to less favorable technicals. On the supply front, total municipal issuance reached a record $128 billion in 1Q26, representing a 6% increase year-over-year, according to The Bond Buyer . In contrast, taxable municipal issuance remained subdued at $6 billion, down 15% from 1Q25. Limited taxable municipal supply supported relative performance in the taxable municipal sector, contributing to its outperformance during the quarter. “We believe bond market volatility amid the ongoing Iran conflict is likely to continue as the market digests competing themes of a slowing economy and higher energy prices.” Performance Summary For the quarter ended March 31, 2026, the Fund’s Class I shares returned 0.44%, excluding sales charges. In comparison, the Fund’s unmanaged benchmark, the Bloomberg U.S. Municipal Bond Index, returned -0.18% for the same period. Average Annual Total Returns (3/31/26) Share Class / Inception Date 3 Month YTD 1 Year 3 Year 5 Year 10 Year Class A (NAV) 3/15/07 0.38% 0.38% 2.75% 3.41% -0.37% 2.33% Class A (4.50% max. load) -4.14% -4.14% -1.85% 1.85% -1.29% 1.86% Class I (NAV) 12/15/08 0.44% 0.44% 3.00% 3.66% -0.14% 2.57% Bloomberg U.S. Municipal Bond Index -0.18% -0.18% 4.29% 2.87% 0.84% 2.16% Click to enlarge The performance data quoted represents past performance, which is no guarantee of future r...

The Bank of Scotland has unveiled a limited-edition £20 note featuring an image inspired by Scott McTominay’s famous overhead kick. It has been created to celebrate Scotland’s return to the World Cup, and fans will have a chance to win 50 of the 100 notes in the coming weeks. The design blends traditional banknote elements with imagery inspired by McTominay’s World Cup qualifying goal for Scotland against Denmark. The team sealed their place at a first men’s World Cup since 1998 with a dramatic 4-2 win at Hampden Park in Glasgow last November, when McTominay scored the first goal with an overhead kick. The midfielder said: “Moments like that belong to everyone who follows the team, so seeing my goal featured on a Scottish banknote feels incredibly special. “Being able to work with Bank of Scotland to turn it into something that also supports Crisis, and the work they do to tackle homelessness, makes me even more proud.” View image in fullscreen Scott McTominay with the tender. Photograph: Garry Torrance/Bank Of Scotland/PA Emma Noble, chair of the Scottish executive committee at the Bank of Scotland, said: “Scott’s overhead kick is already regarded as one of the nation’s greatest ever goals. It’s been a privilege to work with him to bring it to life in such a unique way.” Fifty notes are up for grabs through a mix of collector auctions and a prize draw, with the proceeds supporting Crisis Scotland. The online auction is live and runs until 11am on Friday 26 June, and fans can enter the prize draw until 11am that day.

财联社5月25日讯（编辑 赵昊） 在市场对OpenAI和SB Energy两大IPO可能带来巨额回报的憧憬推动下，日本软银集团股价升至历史新高。 截至周一（5月25日）日股收盘，软银集团（股票代码：9984）涨4.63%报7070日元，升破了去年10月29日的收盘纪录。年初至今，该股已累计上涨近61%。 这轮上涨令软银与日本市值最高的企业丰田汽车之间的差距缩小至仅18%。若剔除库存股影响，软银市值更是自2000年以来首次超越丰田。 上周，在传出OpenAI准备于未来几天提交IPO申请后，软银股价已连续两天（上周四和上周五）上涨两位数。与此同时，软银的子公司SB Energy也宣布，计划提交美股IPO申请。 SB Energy为软银集团旗下核心能源与数字基础设施企业。该公司表示，最终是否上市及发行时间均取决于市场状况、其他考量因素以及美国证券交易委员会审核流程的完成情况。 TokaiTokyo Intelligence Laboratory Co.高级分析师Takashi Nakagawa表示，市场对于期待已久的OpenAI IPO或许即将成真感到“极度兴奋”。 他认为，上市将有助于提升AI行业当前较为模糊的估值透明度。软银的投资组合中，包含大量由人工智能（AI）技术驱动的未上市初创企业。 软银目前是OpenAI最大的股东之一，并已承诺额外投资200亿美元，使总投资规模接近650亿美元。按既定计划，到今年10月，软银将持有OpenAI约13%的股份。 此次强劲反弹反映出投资者情绪正在转变，随着OpenAI逐步接近上市，此前对于其面临Anthropic、谷歌、xAI等竞争对手压力的担忧有所缓解。 作为日本散户投资者最青睐的股票之一，软银在日经225指数中的权重相当高，其投资版图中企业的相关消息，也经常能够推动软银股价波动。 上周，在美股交易的Arm Holdings大幅走高，也进一步支撑了软银的涨势。这背后则受到英伟达财报表现强劲，以及市场对AI技术全面渗透社会的预期升温推动。

Overclocking.com video We suspected that the RX 9070 GRE wouldn’t be confined to the Asian market. This time, things are almost official, with rumors and sources announcing a worldwide launch of the RX 9070 GRE for Computex. This GRE model, initially designed for the Chinese market, should soon be arriving in Europe and the United States. Where does this board stand in the current hierarchy? It’s equipped with the Navi-48 chip, comprising 48 computing units, representing 3,072 FP32 stream processors. It offers 12 GB of GDDR6 memory operating at 18 Gbps via a 192-bit bus, with a power consumption of 220 W, similar to that of its big sister, the RX 9070. For 1440p games, it offers 29% better performance in rasterization and 17% better performance in ray tracing than the RX 9060 XT 16GB. However, it is 14% lower in rasterization and 25% lower in ray tracing than the RX 9070. It’s important to note that this new graphics card retains some of the characteristics of its predecessors, which should enable it to approach the performance of the RX 9070 when overclocked. RX 9070 GRE: price and availability will be the keys to its success So, in practice, this 9070 GRE is clearly aimed at 1440p, but it’s its price positioning that will be particularly closely observed. Looking at the Chinese market, the card had been introduced at a price of around 4,199 RMB, equivalent to around 512 euros. However, a simple conversion doesn’t take into account taxes, distribution margins and any specific strategic positioning AMD may decide to adopt for the European market. So we’ll have to wait and see. In these lean times, the 9070 GRE is worth keeping an eye on (particularly for its price). If its positioning is significantly lower than that of the “classic” 9070, this card could make a good place for itself in QHD gaming PCs and configurations seeking the right balance between performance, power consumption and budget. As we’ve said before, price is key… and availability will have a direct...

外交部发言人毛宁25日表示，《不扩散核武器条约》依然是国际核不扩散与核裁军体系的基石，是战后国际安全架构不可或缺的关键支柱。继续坚定支持条约的宗旨和目标，符合所有缔约国利益。 当日例行记者会上，有记者问：5月22日，《不扩散核武器条约》第十一次审议大会在纽约联合国总部闭幕。媒体报道称因美国、伊朗分歧，审议大会最终未能通过成果文件。中方对此有何评论？ 毛宁说，本次《不扩散核武器条约》审议大会是在全球战略平衡与稳定遭到严重破坏，多边军控进程日益政治化、阵营化、碎片化的背景下进行的，最终未能就成果文件达成一致，中方对此感到遗憾。 “中方认为，《不扩散核武器条约》依然是国际核不扩散与核裁军体系的基石，是战后国际安全架构不可或缺的关键支柱。继续坚定支持条约的宗旨和目标，符合所有缔约国利益。”毛宁说。 她说，中方高度重视条约作用，支持维护条约的普遍性、有效性和权威性。中国代表团本着团结协作的精神，建设性参与审议大会各项工作。 毛宁表示，中方呼吁所有缔约国践行真正的多边主义，奉行共同安全理念，努力改善国际和地区安全环境，切实维护全球战略稳定，消除核武器扩散的根源，创造更加有利的条件有序推进核裁军进程，通过对话谈判和平解决核不扩散热点问题，切实维护各国和平利用核能合法权益，充分发挥条约服务和平与发展的时代作用。(新华社)

格隆汇5月25日｜分析师指出，受全球价格上涨、卢布兑美元汇率走强以及农户惜售情绪的影响，上周俄罗斯小麦的出口价格继续呈上升趋势。IKAR咨询公司负责人德米特里·雷尔科表示，截至上周末，蛋白质含量为12.5%的俄罗斯小麦（船上交货价，交货期为6月至7月初）价格为每吨245美元，较前一周上涨了5美元。他补充道，预计将于7月上市的新季小麦价格也上涨了2美元，达到每吨242美元。据IKAR估算，俄罗斯5月份的小麦出口量在300万至330万吨之间。Sovecon咨询公司的数据显示，蛋白质含量为12.5%的俄罗斯小麦价格区间为每吨242至244美元，而前一周的价格区间为240至242美元。

可以确定的是，沃什带来的是一场美联储回归保守的激烈斗争。 凯文·沃什22日在白宫正式宣誓就任美联储掌门人，这被外界释义为充斥着美联储前主席格林斯潘的影子。原因不仅在于沃什明确“将以格林斯潘主席的方式，充满活力和使命感地履行职责”，而且沃什的宣誓形式也与格林斯潘一致：在白宫宣誓就职，有总统参与。 是否在白宫宣誓、有没有总统出席，被视为观察美联储独立性的敲门砖。“独立于总统”，与总统和白宫保持距离，是近几十年来美联储主席刻意营造的形象。 市场准备着迎接美联储新掌门人的“三把火”，尤其华尔街并不太希望沃什打破既定框架，因为AI对金融业的冲击已让华尔街焦头烂额，产业资本的强势崛起也收揽了不少本属于金融资本的市场话语。不过，沃什履新美联储注定带着改变的使命，带着纠偏2008年以来美联储的激进走位，担负着美联储回归保守政策的目的。 2008年次贷危机给世界带来的最突出改变就是美联储，这场危机将一个曾经保守到骨子里的机构，变成了一个激进的货币数量论者。如果说危机中，量化宽松（QE）是美联储履职守夜人角色，那么随着最危险的时候过去，QE持续甚至不断加码，美联储已经变成了市场的守护神。市场一有风吹草动，美联储的关怀就无微不至。 2015年左右，包括美联储在内的主要央行，曾尝试履新一套主张政府通过财政支出主导经济、不用太担心赤字的现代货币理论（MMT），零利率甚至负利率一度成为一些央行的追求。尽管MMT在美联储内部保守力量的极力反对下未能成行，但缺乏节制的财政赤字却并未减少。如今，美国不堪重负的政府资产负债表、美联储膨胀了六倍的资产负债表等，已成为牵制美国经济金融发展中最突出的不稳定因素。 因此，投资者需系好安全带，从心理上和投资行为上，做好迎接激烈度类似于“沃尔克时刻”的准备，做好适应“格林斯潘时刻”美联储政策的混沌哲学味道，因为可以确定的是，沃什带来的是一场美联储回归保守的激烈斗争。 考虑到当下AI作为生产力和生产工具，对经济社会的破坏性创造和重塑重构性冲击，比美联储缩表、退出QE等回归货币保守主义的风险要大得多，而包括华尔街在内的市场已然选择了接受而非对抗。因此，当前不能低估沃什将美联储带入货币保守主义的决心和毅力，也不能高估市场的对抗性。 同时，当前还需明晰，方兴未艾的AI技术革命、井喷的AI资本支出周期，正在为美联储货币政策回归保守范式提供有效的风险对冲，即在市场释放着巨大的...