eZeePics Studio/iStock Editorial via Getty Images Fueled by strong demand for its Arc’teryx apparel and outdoor sports merchandise, Amer Sports ( AS ) realized double-digit revenue growth across all segments, beating Wall Street’s expectations and driving shares higher in early Tuesday trading. However, despite the impressive first-quarter results—which include 32% revenue growth and a 41% increas...
eZeePics Studio/iStock Editorial via Getty Images Fueled by strong demand for its Arc’teryx apparel and outdoor sports merchandise, Amer Sports ( AS ) realized double-digit revenue growth across all segments, beating Wall Street’s expectations and driving shares higher in early Tuesday trading. However, despite the impressive first-quarter results—which include 32% revenue growth and a 41% increase in adjusted earnings—and improved outlook for the year, gains in the company’s stock are being muted by compressed operating margin for its Ball & Racquet Sports business and underwhelming full-year profit guidance. For the full year, Amer Sports ( AS ) now expects to earn a profit between $1.18 and $1.23 per share, up from the prior outlook of $1.10 and $1.15 per share, with a midpoint of the new range that is in line with estimates. Revenue is expected to increase by 20% to 22% versus the prior range of 16% to 18%, which now translates to a range of $7.88B and $8.01B versus the consensus estimate of $7.74B. For the current quarter, Amer Sports ( AS ) expects to earn a profit of $0.08 to $0.10 per share on revenue growth of 22% to 24%, or $1.51B to $1.54B, beating $1.48B estimates. For the first quarter of the year, Amer Sports ( AS ) generated $1.945B in sales, an increase of 32% from the same quarter last year and $120M above expectations. This was a result of a 33% increase in Technical Apparel sales, 42% increase in Outdoor Performance sales, and a 13% increase in sales in its Ball & Racquet segment. This contributed to a profit of $0.38 per share, 7 cents above expectations. Adjusted gross margin increased 200 basis points to 60.0% year-over-year, while adjusted operating margin was up 160 basis points to 17.4% as Technical Apparel widened 250 basis points and Outdoor Performance by 480 basis points, but Ball & Racquet was down 370 basis points. Shares are up 3% premarket. More on Amer Sports Amer Sports, Inc. (AS) Shareholder/Analyst Call Prepared Remarks Transcrip...
BBC's Former News Director Says Trans-Bias & 'Progressive Madness' Drove Her Out Authored by Steve Watson via Modernity.news, The BBC’s grip on impartiality continues to slip as one of its former top news executives publicly confirmed what critics have long argued: activist capture from within has turned the state broadcaster into a vehicle for narrow ideological agendas. Fran Unsworth, director o...
BBC's Former News Director Says Trans-Bias & 'Progressive Madness' Drove Her Out Authored by Steve Watson via Modernity.news, The BBC’s grip on impartiality continues to slip as one of its former top news executives publicly confirmed what critics have long argued: activist capture from within has turned the state broadcaster into a vehicle for narrow ideological agendas. Fran Unsworth, director of BBC News from 2018 to 2022, has broken her silence, claiming she was effectively driven out by trans activists and the “progressive madness” dominating the corporation. In a candid interview, she described an environment of bullying where editors avoided critical reporting on trans issues for fear of attacks from their own colleagues. 'For the news department to be following some airy fairy ideology instead of fact is pretty wild!' Comedian Leo Kearse reacts to a former BBC news boss claiming she was bullied out of her role by 'gender ideologues'. pic.twitter.com/n6QNpZn1HM — GB News (@GBNEWS) May 16, 2026 “Just dealing with the progressive editorial issues and the bullying around them all. It was incredibly difficult,” Unsworth said. She added that the atmosphere extended beyond trans topics, with staff no-platforming dissenting views and pushing “safe spaces” over open debate. Unsworth’s remarks paint a picture of a newsroom where challenging the prevailing narrative on ‘culture war’ issues carried professional risks. Programme editors reportedly steered clear of stories that questioned aspects of the trans agenda, wary of backlash from activist-aligned staff. This self-censorship contributed to what a leaked internal memo later described as “effective censorship” on the topic. Ex-BBC news boss Fran Unsworth says she was driven out of her job by 'progressive madness' of trans activists https://t.co/Fk0cmm51N1 — Daily Mail (@DailyMail) May 16, 2026 Her departure was hastened by the constant pressure. “I would actually say it drove me out,” she stated, highlighting how th...
The Department of Defense is aggressively reallocating capital away from legacy manned platforms in favor of autonomous artificial intelligence-driven tactical networks and high-altitude hypersonic tracking systems. Multi-hundred-million-dollar contract awards for next-generation uncrewed assets, combined with immediate software and hardware integration between legacy defense contractors and disru...
The Department of Defense is aggressively reallocating capital away from legacy manned platforms in favor of autonomous artificial intelligence-driven tactical networks and high-altitude hypersonic tracking systems. Multi-hundred-million-dollar contract awards for next-generation uncrewed assets, combined with immediate software and hardware integration between legacy defense contractors and disruptive venture-backed defense technology firms, signal the onset of a structural procurement supercycle. Integrated aerospace sector contractors executing this modernization strategy currently provide unparalleled margin visibility and near total insulation against macroeconomic headwinds. Warfare is undergoing a permanent structural shift. Escaping the constraints of human-operated hardware requires a massive influx of government spending directed squarely at integrated sensor networks, uncrewed payload architectures, and the localized edge computing required to run them. Traditional defense contractors are rapidly adapting to this reality, positioning select aerospace operators to capture multi-decade revenue streams. Get Northrop Grumman alerts: Sign Up Coding Combat With Zero-Trust Architecture The traditional barrier between Silicon Valley software agility and heavy industrial defense manufacturing is collapsing. On May 18, 2026, Booz Allen Hamilton Holding Corp NYSE: BAH and Anduril Industries finalized a comprehensive integration partnership that natively embeds mission software directly onto tactical edge hardware. Booz Allen Hamilton Today BAH Booz Allen Hamilton $76.93 +2.02 (+2.70%) 52-Week Range $68.83 ▼ $130.91 Dividend Yield 3.07% P/E Ratio 11.44 Price Target $93.33 Add to Watchlist By integrating Booz Allen Hamilton Holding Corp's situational awareness and dynamic effects tasking systems onto Anduril Industries' edge hardware and operations software, Booz Allen Hamilton Holding Corp establishes a fully accredited, zero-trust, deployable system at the tactical ...
US equity futures slide and 30-year Treasury yield flirts with levels last seen in 2007. President Trump calls off scheduled strikes on Iran after Persian Gulf allies sought more time to work out a deal. Standard Chartered plans to eliminate nearly 8,000 jobs as the firm shift to AI, while Meta reassigns workers to AI roles ahead of planned job cuts. Christopher Hodge of Natixis discusses the chal...
US equity futures slide and 30-year Treasury yield flirts with levels last seen in 2007. President Trump calls off scheduled strikes on Iran after Persian Gulf allies sought more time to work out a deal. Standard Chartered plans to eliminate nearly 8,000 jobs as the firm shift to AI, while Meta reassigns workers to AI roles ahead of planned job cuts. Christopher Hodge of Natixis discusses the challenges ahead for the Federal Reserve amid price pressure. (Source: Bloomberg)
Indonesia plans to tighten control over commodity exports including coal and palm oil, according to people familiar with the matter, as the government seeks to clamp down on tax evasion and bolster a plunging rupiah. The government is planning to create a new state entity to manage exports of the commodities in order to crack down on under-invoicing, according to the people. The agency would be su...
Indonesia plans to tighten control over commodity exports including coal and palm oil, according to people familiar with the matter, as the government seeks to clamp down on tax evasion and bolster a plunging rupiah. The government is planning to create a new state entity to manage exports of the commodities in order to crack down on under-invoicing, according to the people. The agency would be supervised by Danantara , the sovereign wealth fund that reports directly to President Prabowo Subianto , and could be announced by the president as soon as Wednesday, they said. Details of how the body will function need to be ironed out and are in a state of flux at the moment, they added. Further information on the proposed entity and the scale of its potential role wasn’t immediately clear. Danantara, the Government Communication Agency and the ministries of trade and finance did not respond to requests for comment. The country’s benchmark stock index closed 3.5% lower Tuesday, with traders citing speculation about the new body. The agency would be Prabowo’s most drastic move yet to shore up state revenue to support his expensive flagship policies including universal free school meals . Those programs, along with a rising energy import bill and broader investor concerns about deteriorating governance in Southeast Asia’s largest economy, sent the Indonesian rupiah to a record low against the dollar this week. One potential upside of greater export controls would be to maximize foreign exchange inflows, which could bolster the rupiah. The government has already implemented stricter limits on foreign exchange transactions to try to halt the currency’s decline. The central bank has also been intervening frequently in the market to support the rupiah. Indonesia is the world’s top exporter of both thermal coal and palm oil, and greater state control of shipments could roil global markets for the commodities. In the past, the nation has banned some natural resource exports in or...
Socialist lawmakers will oppose Emmanuel Macron ’s nominee for Bank of France Governor, raising the risks of a political blow for the French president and uncertainty over the composition of the European Central Bank’s Governing Council. The proposal for Emmanuel Moulin to succeed outgoing head Francois Villeroy de Galhau has already drawn public criticism from far-right and far-left politicians, ...
Socialist lawmakers will oppose Emmanuel Macron ’s nominee for Bank of France Governor, raising the risks of a political blow for the French president and uncertainty over the composition of the European Central Bank’s Governing Council. The proposal for Emmanuel Moulin to succeed outgoing head Francois Villeroy de Galhau has already drawn public criticism from far-right and far-left politicians, who object to a longtime Macron confidant taking on a role that will last for years after the president leaves office in 2027. “Emmanuel Moulin does not demonstrate the political independence essential for the role of a central banker,” Socialist lawmaker Philippe Brun said in a message on X. “As the government’s chief economic policymaker for the past 10 years, he cannot claim independence from the executive branch.” Despite the Socialist opposition, Moulin may still be appointed as there’s a high bar for blocking him: three-fifths of finance-committee members would meet to vote against the nomination at hearings scheduled Wednesday. Far-left and far-right groups who have already publicly opposed Moulin’s nomination are a minority in the National Assembly’s 73-strong finance committee, which has 11 members from the National Rally and 10 from the far-left France Unbowed group. There are four Socialists. In the Senate committee, which is dominated by centrists and conservatives, there are no formal representatives from the political extremes. Of the 49 members, nine are listed as belonging to the Socialists. French Lawmakers to Vet Macron’s Central-Bank Pick in Two Weeks ECB’s Villeroy Says There’s Too Much Focus on Rate-Hike Timing Macron Ally Moulin Named to Head France’s Central Bank
Umnat Seebuaphan/iStock via Getty Images Investment Thesis I am reiterating Vertiv Holdings as a Strong Buy because I believe the AI trade is moving from the obvious layers to the bottleneck layer. This is something that I have repeatedly said in my prior work, especially on articles covering Power and Electricity. You can refer to some of the recent articles, here , here , here and here . The obv...
Umnat Seebuaphan/iStock via Getty Images Investment Thesis I am reiterating Vertiv Holdings as a Strong Buy because I believe the AI trade is moving from the obvious layers to the bottleneck layer. This is something that I have repeatedly said in my prior work, especially on articles covering Power and Electricity. You can refer to some of the recent articles, here , here , here and here . The obvious layer was GPUs, networking and hyperscaler capex. Now, the bottleneck layer is power availability, cooling density, electrical architecture, grid interconnection, batteries and modular deployment. This is exactly where VRT sits. At the end of the day, AI models can get bigger, chips can get faster, and hyperscalers can announce more data center spend. But none of that matters if the facility cannot get enough electricity, move that power efficiently to the rack, cool the heat and stay online 24/7. This is why I believe VRT deserves a Strong Buy rating, despite the stock's premium valuation . The premium is not based on storytelling alone. It is being backed by revenue growth, operating leverage, guidance upgrades, balance sheet strength and a product portfolio that is now aimed directly at the hardest physical constraint in AI infrastructure. In my previous article on VRT, my thesis was centered around AI and cloud infrastructure boom, record backlog growth and VRT's positioning as a critical supplier of power and cooling systems for hyperscale AI deployments. That thesis has largely played out, in my opinion, as VRT continues delivering strong revenue growth and margin expansion. Since the last coverage on 13th January 2026, the stock has increased its stock value by 96.69%. Seeking Alpha However, this follow-up goes one step further. I now believe the investment case is evolving beyond AI demand alone and increasingly toward the physical power bottleneck behind AI infrastructure. In simple words, the question is no longer just who builds the most AI clusters, but who...
vzphotos Citi raised the price target on Micron Technology's ( MU ) stock to $840 from $425, citing expectations that the company would raise Dynamic Random-Access Memory, or DRAM, prices. The firm kept its Buy rating on Micron's shares. "We raise our price target on Micron from $425 (5x C27 EPS) to $840 (8x C27 EPS) as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung’s ...
vzphotos Citi raised the price target on Micron Technology's ( MU ) stock to $840 from $425, citing expectations that the company would raise Dynamic Random-Access Memory, or DRAM, prices. The firm kept its Buy rating on Micron's shares. "We raise our price target on Micron from $425 (5x C27 EPS) to $840 (8x C27 EPS) as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung’s +100% price hike in 1Q. Moreover, we expect the DRAM upturn to last through C27 and expect HBM [high-bandwidth memory] pricing to increase next year. Majority of the DRAM price hikes have been focused on commodity or non-HBM DRAM supply-demand imbalance this year. While we believe DRAM bit supply growth is now tracking 30% exiting 2026 given equipment makers like AMAT’s recent +30% silicon system sales outlook, additional new wafer capacity is needed to meet 2027 AI demand. We align Micron estimates to Citi house view that DRAM ASPs [average selling prices] will increase 200% YoY in 2026, and NAND ASPs will increase 186% YoY in 2026," said the analysts. South Korean companies SK hynix ( HXSCL ) and Samsung Electronics ( SSNLF ) are among the world's largest memory chipmakers. SK hynix is a major supplier of HBM chips to Nvidia ( NVDA ). Samsung and Micron compete with SK hynix in this space. Analysts at Citi noted that HBM supply remains tight. Currently, memory makers are not incentivized to convert or add additional HBM capacity given the 3-to-4 wafer conversion ratio and the profitability delta between HBM and commodity markets, the analysts added. The 3-to-4 wafer conversion ratio usually refers to the physical transition or processing cost comparison between 3-inch and 4-inch semiconductor substrates. The analysts added that due to the tight HBM capacity, they expect HBM pricing to go higher in 2027 and memory makers to be disciplined in adding supply to prevent HBM content from getting cut in AI data centers next year. The analysts noted that Cisco ( CSCO ) has cut D...
vzphotos Citi raised the price target on Micron Technology's ( MU ) stock to $840 from $425, citing expectations that the company would raise Dynamic Random-Access Memory, or DRAM, prices. The firm kept its Buy rating on Micron's shares. "We raise our price target on Micron from $425 (5x C27 EPS) to $840 (8x C27 EPS) as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung’s ...
vzphotos Citi raised the price target on Micron Technology's ( MU ) stock to $840 from $425, citing expectations that the company would raise Dynamic Random-Access Memory, or DRAM, prices. The firm kept its Buy rating on Micron's shares. "We raise our price target on Micron from $425 (5x C27 EPS) to $840 (8x C27 EPS) as we believe Micron is raising DRAM prices +40% in C2Q following peer Samsung’s +100% price hike in 1Q. Moreover, we expect the DRAM upturn to last through C27 and expect HBM [high-bandwidth memory] pricing to increase next year. Majority of the DRAM price hikes have been focused on commodity or non-HBM DRAM supply-demand imbalance this year. While we believe DRAM bit supply growth is now tracking 30% exiting 2026 given equipment makers like AMAT’s recent +30% silicon system sales outlook, additional new wafer capacity is needed to meet 2027 AI demand. We align Micron estimates to Citi house view that DRAM ASPs [average selling prices] will increase 200% YoY in 2026, and NAND ASPs will increase 186% YoY in 2026," said the analysts. South Korean companies SK hynix ( HXSCL ) and Samsung Electronics ( SSNLF ) are among the world's largest memory chipmakers. SK hynix is a major supplier of HBM chips to Nvidia ( NVDA ). Samsung and Micron compete with SK hynix in this space. Analysts at Citi noted that HBM supply remains tight. Currently, memory makers are not incentivized to convert or add additional HBM capacity given the 3-to-4 wafer conversion ratio and the profitability delta between HBM and commodity markets, the analysts added. The 3-to-4 wafer conversion ratio usually refers to the physical transition or processing cost comparison between 3-inch and 4-inch semiconductor substrates. The analysts added that due to the tight HBM capacity, they expect HBM pricing to go higher in 2027 and memory makers to be disciplined in adding supply to prevent HBM content from getting cut in AI data centers next year. The analysts noted that Cisco ( CSCO ) has cut D...
Pub owner’s sale to Barcelona-based brewer Damm is latest takeover of a British beer by an overseas buyer Business live – latest updates Pub chain Greene King has agreed to sell its Old Speckled Hen ale brands to the Spanish owner of Estrella lager, making it the latest in a series of British beers to be snapped up by overseas buyers. Barcelona-based brewer Damm has agreed to buy Old Speckled Hen ...
Pub owner’s sale to Barcelona-based brewer Damm is latest takeover of a British beer by an overseas buyer Business live – latest updates Pub chain Greene King has agreed to sell its Old Speckled Hen ale brands to the Spanish owner of Estrella lager, making it the latest in a series of British beers to be snapped up by overseas buyers. Barcelona-based brewer Damm has agreed to buy Old Speckled Hen brands, including its non-alcoholic and golden ale versions. Continue reading...
Insider buying action has picked up at Nomad Foods ( NOMD ). The company disclosed that CEO Dominic Brisby bought 150K shares at $9.79 on May 15 and CFO Ruben Baldew bought 14,731 shares at $9.71 on May 14. Director Ian Ashken also picked up 100K shares at $9.13 on May 13. The biggest insider purchase in the last week was by Co-Chair Noam Gottseman, who snapped up 700K shares at $9.11 on May 11. F...
Insider buying action has picked up at Nomad Foods ( NOMD ). The company disclosed that CEO Dominic Brisby bought 150K shares at $9.79 on May 15 and CFO Ruben Baldew bought 14,731 shares at $9.71 on May 14. Director Ian Ashken also picked up 100K shares at $9.13 on May 13. The biggest insider purchase in the last week was by Co-Chair Noam Gottseman, who snapped up 700K shares at $9.11 on May 11. Following Nomad Foods' ( NOMD ) Q1 earnings report, Gottesman said the company's market advantages are increasingly evident, with accelerating category growth and resilient demand for brands shown during the quarter. He said he is confident the company is positioned to deliver a step-change in growth as the new leadership team transforms the culture and advances its expansion initiatives. Shares of Nomad Foods ( NOMD ) were 0.7% higher in premarket trading and are more than 12% over the last week. The dividend yield for new buyers of the stock is 6.64%. More on Nomad Foods Nomad Foods Limited 2026 Q1 - Results - Earnings Call Presentation Nomad Foods Limited (NOMD) Q1 2026 Earnings Call Prepared Remarks Transcript Nomad Foods Limited (NOMD) Q1 2026 Earnings Call Transcript Nomad Foods Q1 2026 Earnings Preview Nomad Foods gives Q4 results