(RTTNews) - It's likely to be a mixed start for stocks on Bay Street on Tuesday with investors reacting to the nation's inflation data and weighing the developments on the geopolitical front.
(RTTNews) - It's likely to be a mixed start for stocks on Bay Street on Tuesday with investors reacting to the nation's inflation data and weighing the developments on the geopolitical front.
Jason Doiy/iStock Unreleased via Getty Images Macy’s ( M ) came under the spotlight as traders digested Berkshire Hathaway’s ( BRK.A ) ( BRK.B ) newly disclosed $55 million position in the retailer, marking Berkshire’s first known public department store investment since 1966. The daily chart shows Macy’s trading within a symmetrical triangle pattern after pulling back from highs above $23 per sha...
Jason Doiy/iStock Unreleased via Getty Images Macy’s ( M ) came under the spotlight as traders digested Berkshire Hathaway’s ( BRK.A ) ( BRK.B ) newly disclosed $55 million position in the retailer, marking Berkshire’s first known public department store investment since 1966. The daily chart shows Macy’s trading within a symmetrical triangle pattern after pulling back from highs above $23 per share earlier this year. The stock is now hovering near the lower half of that formation, with the white ascending trendline acting as the key near-term support area for traders. Below that, the longer-term orange ascending trendline represents the broader support structure that has been building since mid-2025. A break below both trendlines would weaken the current consolidation setup and shift focus toward lower support zones from last summer. On the upside, descending resistance near the low-$20 area continues capping rallies. The RSI sits near neutral territory, suggesting momentum has cooled following the stock’s earlier rally. Here is the chart: Seeking Alpha More on Macy's Wall Street Lunch: Macy's Jumps On Berkshire's First Department Store Bet Since 1966 Macy's: Berkshire's New Position's Premise Is Debatable Macy's: Berkshire's Thumbs-Up Comes Amid Record-Low Consumer Sentiment Macy's rallies after Berkshire returns to department stores after 60 years Berkshire Hathaway dumps Visa and Mastercard, adds Delta Air and Macy's in Q1
genkur/iStock via Getty Images INNIO Is Growing With A Large Backlog INNIO Holding GmbH ( INIO ) has filed to raise general working capital, according to an S-1 registration statement . The company manufactures natural gas engines for energy production. INIO has produced strong growth and operating cash flow as the AI data-center industry rapidly expands, although the firm has substantial debt and...
genkur/iStock via Getty Images INNIO Is Growing With A Large Backlog INNIO Holding GmbH ( INIO ) has filed to raise general working capital, according to an S-1 registration statement . The company manufactures natural gas engines for energy production. INIO has produced strong growth and operating cash flow as the AI data-center industry rapidly expands, although the firm has substantial debt and related debt service in a “higher for longer” interest rate environment. The IPO will likely see significant institutional demand if priced reasonably. What Does INNIO Do? Waukesha, Wisconsin-based INNIO makes industrial natural gas engines to power off-grid (distributed) energy requirements for a variety of customers worldwide. Its reciprocating gas engines produce energy, heat or compression for grid operators, data centers and industrial applications. As of the end of 2025, the company had an installed base of 44 GW and delivered 3.4 GW of power during the year. INNIO provides both equipment and services related to the repair and maintenance of the equipment it sells. The pie charts below show the revenue contribution for 2025 by type and region: SEC INNIO is led by President, Chief Executive Officer and Executive Director Dr. Olaf Berlien, who has been with the firm since 2021. Previously, he was President and CEO of Osram AG, the lighting company. The company has received fair market value investment of approximately $145.4 million from affiliates of Advent International, a large private equity firm, and from a subsidiary of the Abu Dhabi Investment Authority. What is INNIO’s Market? INNIO operates in the industrial gas-powered engine market. The global gas engine market was an estimated $5.1 billion in 2024, according to a market research report by MarketsAndMarkets. The market is expected to reach $6.3 billion by 2029. If achieved, this growth would represent a CAGR of 4.5%, although I suspect this figure may be low, given the rapid increase in demand for off-grid e...
Sherritt International Corp. reversed course on plans to unwind its Cuban business after further consultations with advisers and government officials, as the nickel producer scrambles to respond to tougher US sanctions on the island. The Canadian company will no longer move ahead with plans to dismantle its Cuban ventures, including the breakup of its partnership with Cuba’s General Nickel Company...
Sherritt International Corp. reversed course on plans to unwind its Cuban business after further consultations with advisers and government officials, as the nickel producer scrambles to respond to tougher US sanctions on the island. The Canadian company will no longer move ahead with plans to dismantle its Cuban ventures, including the breakup of its partnership with Cuba’s General Nickel Company SA , according to a Tuesday statement . Sherritt has been in turmoil since US President Donald Trump signed an executive order earlier this month targeting non-US individuals and entities doing business in Cuba, which has faced sweeping US sanctions since the 1960s. Last week, the Toronto-based firm said it was considering steps to distance itself from its Cuban operations. While maintaining its suspension in joint venture activities on the island, Sherritt said Tuesday that it remains engaged with stakeholders and authorities as it evaluates alternatives to mitigate the impact of the sanctions regime. Sherritt also disclosed that it is reviewing a “potential value preserving opportunity,” though it cautioned that any transaction or restructuring remains preliminary and may not be completed. The timing, structure and terms of any potential deal are still being assessed, Sherritt said, underscoring the uncertainty facing one of Canada’s most exposed corporate investors in Cuba. Sherritt operates nickel and cobalt mining and refining businesses tied closely to Cuban state partners and has long depended on the country for a significant portion of its production. The company warned that unresolved sanctions issues continue to pose “acute operational, financial and legal difficulties,” including risks related to compliance with debt covenants.
Igor Barilo Gold prices dipped on Tuesday, trading close to the six-week low touched in the prior session, as sticky inflation concerns and expectations of higher-for-longer U.S. interest rates weighed on the metal. Spot gold ( XAUUSD:CUR ) was down 0.5% to $ 4,545.19 per ounce at press time. Prices fell to their lowest level since March 30, at $4,479.54, on Monday. At around $4,550, bullion still...
Igor Barilo Gold prices dipped on Tuesday, trading close to the six-week low touched in the prior session, as sticky inflation concerns and expectations of higher-for-longer U.S. interest rates weighed on the metal. Spot gold ( XAUUSD:CUR ) was down 0.5% to $ 4,545.19 per ounce at press time. Prices fell to their lowest level since March 30, at $4,479.54, on Monday. At around $4,550, bullion still trades up roughly 5% year-to-date and 40% over the past year, but it remains near the lower end of the approximately $1,500 correction range established during the first quarter. "The current environment highlights an increasingly important distinction between what traders are focusing on in the short term and what investors continue to monitor over the longer term," Saxo Bank's head of commodity strategy Ole Hansen said. "While the structural investment case for gold remains largely intact, shorter-term macro developments have created a more challenging backdrop for prices." From a trader perspective, attention remains centred on energy prices, inflation expectations, bond yields and the dollar, Hansen noted. "The Middle East crisis and associated disruptions across energy markets have lifted inflation expectations at a time when markets had been preparing for lower interest rates. Higher energy prices feed directly into inflation and, by extension, government bond yields, while also lending support to the US dollar." A stronger dollar makes dollar-priced bullion less attractive to holders of other currencies. According to the brokerage, longer term investors continue to focus on a different set of drivers. "Rising fiscal debt burdens, particularly in the United States, have regained attention as higher Treasury yields increase interest servicing costs. At the same time, sticky inflation continues to challenge traditional fixed-income returns, while reserve diversification and de-dollarisation trends remain supportive themes." More on SPDR Gold Shares ETF, Gold Spot Pric...
ookawa/iStock via Getty Images The following segment was excerpted from the Artisan Select Equity Fund Q1 2026 Commentary Our top-performing stocks this quarter were Samsung Electronics ( SSNLF ), Shell ( SHEL ) and Lam Research ( LRCX ). Samsung's share price rose 35%. Business is booming. Dynamic random-access memory (DRAM) prices are up 80%–90% so far this year. The industry has allocated signi...
ookawa/iStock via Getty Images The following segment was excerpted from the Artisan Select Equity Fund Q1 2026 Commentary Our top-performing stocks this quarter were Samsung Electronics ( SSNLF ), Shell ( SHEL ) and Lam Research ( LRCX ). Samsung's share price rose 35%. Business is booming. Dynamic random-access memory (DRAM) prices are up 80%–90% so far this year. The industry has allocated significant portions of manufacturing capacity away from traditional DRAM toward high-bandwidth memory (HBM) that is needed to power AI. Reallocation has created a shortage of DRAM and rising prices. In addition, Samsung has only recently been certified by NVIDIA to sell its HBM products, a market that Samsung ceded to competitors SK Hynix and Micron, which have had it all to themselves. Samsung is therefore benefiting not only on the DRAM side but also from selling into the large, rapidly growing and highly profitable HBM market. As the world's largest capacity manufacturer, Samsung should benefit enormously from taking its fair share of the HBM market. In Q1, Samsung earned approximately 55 trillion won ($36.5 billion) of operating profit compared to its prior quarterly peak of 17.5 trillion won achieved in 2018. In 2018, Samsung's best full year ever, it earned nearly 60 trillion won of operating profit. In the past five years, Samsung cumulatively earned around 177 trillion won of operating profit. It is on pace to earn more than that in a single year. The issue facing Samsung, and we as shareholders, is how long this boom will last. The memory industry has always been cyclical. The industry has previously responded to high prices with large capacity additions that subsequently end the upswing. We see signs that the industry is trying to prevent a repeat of this boom-bust cycle. The industry is rolling out longer term supply agreements with buyers in an attempt to better plan its capacity additions. This could have a meaningful impact on the amplitude of the cycle. In additi...
Navid Mahmoodzadegan, who stepped into the chief executive role at Moelis last October, has described a “return to normal” in the Middle East following months of the Iran War. The global investment bank has been a key player in the region with a history of advising Gulf transactions including the Aramco IPO. Mahmoodzadegan, also the company's co-founder, told Bloomberg's Francine Lacqua that the c...
Navid Mahmoodzadegan, who stepped into the chief executive role at Moelis last October, has described a “return to normal” in the Middle East following months of the Iran War. The global investment bank has been a key player in the region with a history of advising Gulf transactions including the Aramco IPO. Mahmoodzadegan, also the company's co-founder, told Bloomberg's Francine Lacqua that the company is committed to the Middle East over the long-term. (Source: Bloomberg)
Alexandra Gottschalk, Chief Financial Officer of Perella Weinberg Partners (NASDAQ:PWP) , disclosed the sale of 51,671 shares of common stock in an open-market transaction on May 5, 2026, according to an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($19.74); post-transaction value based on May 5, 2026 market close ($19.56). 1-year price change reflects ...
Alexandra Gottschalk, Chief Financial Officer of Perella Weinberg Partners (NASDAQ:PWP) , disclosed the sale of 51,671 shares of common stock in an open-market transaction on May 5, 2026, according to an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($19.74); post-transaction value based on May 5, 2026 market close ($19.56). 1-year price change reflects total return calculated using May 5, 2026 as the reference date. Continue reading
ivi23g Bank of America thinks MotoGP presents a compelling opportunity for Formula One ( FWONK ) ( FWONA ) ( FWONB ). Formula One's ( FWONK ) corporate owner, Liberty Media, took control of MotoGP in 2025 through the acquisition of its longtime commercial rights holder, Dorna Sports. MotoGP's commercial and media rights were effectively folded into Liberty’s Formula One Group portfolio, while the ...
ivi23g Bank of America thinks MotoGP presents a compelling opportunity for Formula One ( FWONK ) ( FWONA ) ( FWONB ). Formula One's ( FWONK ) corporate owner, Liberty Media, took control of MotoGP in 2025 through the acquisition of its longtime commercial rights holder, Dorna Sports. MotoGP's commercial and media rights were effectively folded into Liberty’s Formula One Group portfolio, while the existing MotoGP management team, including CEO Carmelo Ezpeleta, remained in place to run the championship's day-to-day operations. BofA analyst Brent Navon highlighted that MotoGP gives Formula One ( FWONK ) a second crack at using its playbook for a global motorsports asset. "The business model, driven by media rights, race promotion, sponsorship, and live events, closely mirrors F1, with significant headroom for revenue and adjusted OIBDA expansion as it scales," updated Navon. He said MotoGP is commercially farther along relative to when F1 was acquired by Liberty, which implies a more targeted investment cycle vs. F1’s early buildout. Looking ahead, BofA sees significant potential to grow MotoGP’s sponsorship business, especially when compared to other sports properties. "Under Liberty’s ownership, there is ample opportunity to add new global partners, diversify category representation (given today’s largely endemic sponsorship base), and deepen activations at live events," wrote Navon. More on Formula One Group Formula One Group (FWONK) Q1 2026 Earnings Call Transcript Formula One Group: Short-Term Pain, Long-Term Gains Formula One Group: Winning Everywhere, Except In The Stock Chinese auto giant BYD considers entering Formula 1 racing Bahrain and Saudi Arabia Formula One cancelled due to Mideast conflict - update
Scotland Yard to send files to CPS with ‘strong evidence’ of potential wrongdoing – but any trials could be years away Scotland Yard has said it hopes to bring criminal charges against 77 companies and individuals for the 2017 Grenfell Tower fire, in which 72 people died. The lead investigator, Garry Moncrieff, said his team of 220 detectives had gathered “strong evidence” of potential wrongdoing....
Scotland Yard to send files to CPS with ‘strong evidence’ of potential wrongdoing – but any trials could be years away Scotland Yard has said it hopes to bring criminal charges against 77 companies and individuals for the 2017 Grenfell Tower fire, in which 72 people died. The lead investigator, Garry Moncrieff, said his team of 220 detectives had gathered “strong evidence” of potential wrongdoing. Continue reading...
primeimages/iStock via Getty Images The outlook for the quarterly dividends of the S&P 500 ( SPX ) has substantially improved in the month since our previous snapshot . Here is our summary of how the outlook for the S&P 500's quarterly dividends per share changed since our 15 April 2026 snapshot: 2026-Q2: Increase of $0.04 to $19.81 per share 2026-Q3: Increase of $0.46 to $20.94 per share 2026-Q4:...
primeimages/iStock via Getty Images The outlook for the quarterly dividends of the S&P 500 ( SPX ) has substantially improved in the month since our previous snapshot . Here is our summary of how the outlook for the S&P 500's quarterly dividends per share changed since our 15 April 2026 snapshot: 2026-Q2: Increase of $0.04 to $19.81 per share 2026-Q3: Increase of $0.46 to $20.94 per share 2026-Q4: Increase of $0.47 to $20.85 per share 2027-Q1: Increase of $0.40 to $22.14 per share 2027-Q2: Increase of $1.13 to $21.19 per share The following chart shows how expectations for the S&P 500's quarterly dividends per share changed in the month from 15 April 2026 to 15 May 2026. The large change in the forecast value for the most distant future quarter of 2027-Q2 is typical of the kind of volatility we see in dividend futures after the data for a new quarter first becomes available. Based on just the increases seen for all the other future quarters, however, May 2026 saw one of the strongest month-over-month improvements in the S&P 500's dividend outlook in years. Ready to find out more about dividend futures data? If this is your first exposure to the S&P 500's quarterly dividend futures, be sure to read the following section that explains what this data is communicating about the future for the index's dividends. More About Dividend Futures Data For this series, we take a snapshot of the CME Group's S&P 500 quarterly dividend futures data shortly after the second or third week of each month. Dividend futures indicate the amount of dividends per share to be paid out over the period covered by each quarter's dividend futures contracts, which start on the day after the preceding quarter's dividend futures contracts expire and end on the third Friday of the month ending the indicated quarter. For example, as determined by dividend futures contracts, the now "current" quarter of 2026-Q2 began on Saturday, 21 March 2026, and will end on Friday, 19 June 2026. Since the expectati...
LaunchDarkly has introduced a new solution named AgentControl, designed to offer engineering teams precise, real-time control over the behavior of AI agents in production environments. This innovation enables teams to modify agent behavior during runtime without the need for redeployment, addressing the challenges of managing agent configurations and performance across diverse models and prompts. ...
LaunchDarkly has introduced a new solution named AgentControl, designed to offer engineering teams precise, real-time control over the behavior of AI agents in production environments. This innovation enables teams to modify agent behavior during runtime without the need for redeployment, addressing the challenges of managing agent configurations and performance across diverse models and prompts. AgentControl integrates instantaneous intervention capabilities with comprehensive operational...
Kenishirotie/iStock via Getty Images I don't think it's wrong to have a short-term view or a more tactical view in some scenarios. I myself often give some weight to changes that seem more cyclical than structural, because that changes the valuation, the uncertainties, and ultimately the value of companies (or indexes). I also like to keep a high cash position when companies' valuations are not so...
Kenishirotie/iStock via Getty Images I don't think it's wrong to have a short-term view or a more tactical view in some scenarios. I myself often give some weight to changes that seem more cyclical than structural, because that changes the valuation, the uncertainties, and ultimately the value of companies (or indexes). I also like to keep a high cash position when companies' valuations are not so compelling, so that when multiples fall substantially, I have flexibility to increase my position. It was something I did with Amazon ( AMZN ) recently, where I increased my position after the February drop (check the full analysis here ). But that certainly does not interfere with my structural position in equities. Even reducing positions, increasing positions and holding cash, I believe that the ideal is to stay in the market for as long as possible (or permanently). And that is the theme of this article: how valuable it is to stay invested in equities even when things seem a bit uncertain. Some things triggered my desire to write an article on this topic. The first was the move by Berkshire Hathaway ( BRK.B ) ( BRK.A ): There was a drastic reduction in several stock positions in the portfolio, including a full exit of the Amazon position. And because of that, I saw some people commenting as if this were a crisis indicator, something like: ‘if Berkshire Hathaway is selling to raise cash, it's because the market will decline’. And while this can be used to raise a point, I don't think it should be used as a compass guiding what I as an investor will or will not do. Especially because we should remember Peter Lynch's phrase : “Far More Money Has Been Lost By Investors Preparing For Corrections, Than Has Been Lost In Corrections Themselves.” The Berkshire Hathaway Move Berkshire Hathaway's 13F revealed some curious moves. On the ‘additions’ side, Berkshire bought Alphabet ( GOOGL ) ( GOOG ) massively, more than $11 billion in total. Delta Air Lines ( DAL ) was also another...
HUYA ( NASDAQ: HUYA ) on Tuesday said it was continuing to execute its 2026 share repurchase program, under which it may buy back up to $50 million worth of American depositary shares and ordinary shares through March 18, 2028. Acting CEO Junhong Huang said the company believes its current market valuation does not fully reflect progress in expanding its game-related services ecosystem, improving ...
HUYA ( NASDAQ: HUYA ) on Tuesday said it was continuing to execute its 2026 share repurchase program, under which it may buy back up to $50 million worth of American depositary shares and ordinary shares through March 18, 2028. Acting CEO Junhong Huang said the company believes its current market valuation does not fully reflect progress in expanding its game-related services ecosystem, improving revenue structure and increasing operational efficiency. The company said future repurchases would depend on market conditions and other factors, and that the timing, frequency, and volume of buybacks would remain at its discretion. Source: Press Release More on Huya HUYA: The Bear Thesis Is Broken, Enter The High-Margin Game Publisher HUYA: Further Downside Possible Huya outlines WeChat mini-game launch this summer while projecting Q3 2026 non-GAAP operating margin approaching breakeven HUYA sets $50M share repurchase plan
Tomsmith585/iStock Editorial via Getty Images Introduction A bit more than 2 years ago I published an article indicating that I saw potential in Berkshire Hathaway ( BRK.A , BRK.B ) to climb to a market capitalization higher than $1 trillion. As of this date, this is not a conjecture anymore, but a tangible reality. Over the course of the last two years, the operating side of the business has not ...
Tomsmith585/iStock Editorial via Getty Images Introduction A bit more than 2 years ago I published an article indicating that I saw potential in Berkshire Hathaway ( BRK.A , BRK.B ) to climb to a market capitalization higher than $1 trillion. As of this date, this is not a conjecture anymore, but a tangible reality. Over the course of the last two years, the operating side of the business has not changed significantly, but rather the managerial side has (for those few that did not know, Buffett stepped down as CEO of Berkshire and left the post to his "designated successor" Greg Abel, former president of Berkshire Hathaway Energy). The purpose of this article is to analyze whether the Berkshire model is currently broken with Buffett being out of the equation. My opinion is that value is still there even though Buffett is no longer in charge of the capital allocation decisions, and the stock should be able to achieve a 10% annual return in the years to come. Before going into why I think the business is not broken, let's briefly analyze the different branches of Berkshire. Insurance business Based on data, I do believe Berkshire's insurance operations are the best in the world. I do not think that any potential competitor comes close to their dominance, mainly due to their balance sheet strength. Berkshire uses the insurance division as an almost "zero-cost" leverage platform to massively invest in stocks, bonds, or private companies. As already explained in my previous article regarding Berkshire, this zero-cost leverage is called float, and is the cornerstone of Berkshire's success through the years. Float can be defined as the collection of insurance premiums that have not yet been claimed by the holders of the insurance contracts and that are available to invest in bonds/stocks. Buffett and Munger put this money to good use by investing in extraordinary and undervalued businesses since the creation of the conglomerate. One reason we were attracted to the [...] bu...
Kevin Brunner, global chair of technology investment banking at JPMorgan, sees real world impact from AI as companies are in the early stages of focusing on their “long-term strategic narrative.” He speaks with Lisa Abramowicz on the sidelines of the bank’s global technology, media and communications conference in Boston. (Source: Bloomberg)
Kevin Brunner, global chair of technology investment banking at JPMorgan, sees real world impact from AI as companies are in the early stages of focusing on their “long-term strategic narrative.” He speaks with Lisa Abramowicz on the sidelines of the bank’s global technology, media and communications conference in Boston. (Source: Bloomberg)