Updates 2026 Guidance to reflect completed divestiture of Regulatory Writing and Medical Writing Business Updates 2026 Guidance to reflect completed divestiture of Regulatory Writing and Medical Writing Business
Updates 2026 Guidance to reflect completed divestiture of Regulatory Writing and Medical Writing Business Updates 2026 Guidance to reflect completed divestiture of Regulatory Writing and Medical Writing Business
National Energy Services Reunited press release ( NESR ): Q1 Non-GAAP EPS of $0.26 beats by $0.05 . Revenue of $404.6M (+33.5% Y/Y) beats by $33.73M . Operating cash flow for the quarter ended March 31, 2026, is $30.7 million, growing 50.1% year-over-year More on National Energy Services Reunited National Energy Services Remains Undervalued, Despite Having Doubled In 5 Months National Energy Servi...
National Energy Services Reunited press release ( NESR ): Q1 Non-GAAP EPS of $0.26 beats by $0.05 . Revenue of $404.6M (+33.5% Y/Y) beats by $33.73M . Operating cash flow for the quarter ended March 31, 2026, is $30.7 million, growing 50.1% year-over-year More on National Energy Services Reunited National Energy Services Remains Undervalued, Despite Having Doubled In 5 Months National Energy Services Reunited Targets MENA And Asia's Rapid Industrialization And Urbanization National Energy Services Reunited Corp. (NESR) Q4 2025 Earnings Call Transcript Mid-cap energy Quant picks ahead of Q1 earnings National Energy Services wins $300M in cementing contracts
Investors should sell any rally in luxury stocks as the sector grapples with entrenched growth challenges, according to Berenberg analysts. The team led by analyst Nick Anderson, who called the end of the luxury sector’s boom last year, expects its valuations to drop 25% to 35% on average, compared with levels of the past nine years. The most recent slate of earnings has raised doubts about whethe...
Investors should sell any rally in luxury stocks as the sector grapples with entrenched growth challenges, according to Berenberg analysts. The team led by analyst Nick Anderson, who called the end of the luxury sector’s boom last year, expects its valuations to drop 25% to 35% on average, compared with levels of the past nine years. The most recent slate of earnings has raised doubts about whether the European luxury sector can still be considered a growth story, the analysts said, as a wave of new designers failed to revive consumer excitement. Demand from key Chinese buyers as well as aspirational consumers also remains under pressure, they added. “We would therefore be sellers of any bear market rally,” Anderson said. European luxury stocks received a boost last week following US efforts to lock in an agreement with Tehran. Yet, the sector has pared those gains after President Donald Trump rejected Iran’s latest peace offer as “totally unacceptable.” A UBS basket tracking luxury shares was down 2.3% on Monday. Berenberg’s call to sell reflects growing unease among investors about one of Europe’s flagship sectors. Once seen as the region’s answer to US Big Tech, with fast-growing companies and resilient business models, luxury stocks are still trading below their post-Covid boom levels. The Iran war has dashed hopes for a return to growth in 2026 after two years of stagnation for luxury groups like LVMH Moët Hennessy Louis Vuitton and Hermès International SCA . Anderson has a buy rating on higher-end luxury stocks such as Brunello Cucinelli SpA and Hermès, which are the team’s top picks.
tupungato/iStock Editorial via Getty Images I last wrote about McDonald's ( MCD ) last October, arguing that MCD was an underappreciated AI powerhouse that would benefit from the AI boom through leveraging its 210+ million loyalty member app, data-driven marketing, and Google Cloud partnership, and rated it a buy as a result. Since then, the macro environment has become more challenging for MCD, w...
tupungato/iStock Editorial via Getty Images I last wrote about McDonald's ( MCD ) last October, arguing that MCD was an underappreciated AI powerhouse that would benefit from the AI boom through leveraging its 210+ million loyalty member app, data-driven marketing, and Google Cloud partnership, and rated it a buy as a result. Since then, the macro environment has become more challenging for MCD, which has caused the stock to pull back even further. At the same time, however, its Q1 results show that the company is executing its strategy with pretty good discipline and has been gaining market share globally. Thus, I think that the dip has made the stock an even more attractive buy, especially for long-term dividend growth investors. In this article, I will detail why. Q1 2026: Solid Execution Across the Board The company's global comparable sales grew at a 3.8% pace in Q1 2026, and in the U.S., they were up by 3.9%. Additionally, MCD gained market share in nearly all of its top 10 markets, demonstrating that its value marketing and menu innovation strategy is paying off well regardless of the exact location and macro backdrop. The company also grew its global systemwide sales by 6% on a constant currency basis. Adjusted earnings per share came in at $2.83, which, when accounting for the 13 cents per share foreign exchange tailwind, had the constant currency earnings per share grow by 1% on a year-over-year basis. While this was quite low compared to what companies should be able to generate over time, it still shows that the company is growing and is not in free fall. Value Platform and World Cup Catalyst The company also relaunched its value platform, which appears to be resonating with consumers and has improved value perception scores materially over the past six months, making the company more attractive to lower-income customers. The company is also looking ahead to the FIFA World Cup partnership in June to provide a solid marketing and traffic catalyst for the ...
Brudenell Social Club, Leeds The polka-dotted phenomenon land their spaceship in Leeds for an ecstatic show that balances supremely complex musicianship with ridiculous good fun The proud tradition of bands performing in barmy masks ranges from the Residents’ giant papier-mache eyeballs to Slipknot’s scary gimp ensembles, but Quebec duo Angine de Poitrine’s polka dot outfits may just take the bisc...
Brudenell Social Club, Leeds The polka-dotted phenomenon land their spaceship in Leeds for an ecstatic show that balances supremely complex musicianship with ridiculous good fun The proud tradition of bands performing in barmy masks ranges from the Residents’ giant papier-mache eyeballs to Slipknot’s scary gimp ensembles, but Quebec duo Angine de Poitrine’s polka dot outfits may just take the biscuit. Double necked guitarist/bassist Khn de Poitrine sports a giant upside down pyramid head with a Pinocchio-style long nose. Drummer Klek de Poitrine’s bonkers outsize head makes him look like Monty Python’s Black Knight, but has its own dangly proboscis which flails around as he plays, and a tiny gold pyramid on top. The stage, the drum kit, the merch stall and several of the fans are also swathed in polka dots. One particularly inspired group have even turned up sporting Klek’s gold pyramids. If it looks like a phenomenon, that’s exactly what it is. Although the band formed in 2019 and have jammed together much longer, Angine de Poitrine went viral early this year when a US radio station published a video of the duo performing at a French festival. This first ever UK gig was completely sold out – as are several much bigger shows this autumn – and the madcap duo are greeted like conquering heroes before they play a note. Before they even come on stage, fans are taking photos of Khn’s complex pedal board setup. Continue reading...
Kenneth Cheung/iStock Unreleased via Getty Images In the volatile stock market of 2026, I think one of the best assets that investors can possess is the ability to change their minds. Information is flowing quickly; fundamental stories and valuations are constantly changing, forcing us to pivot our theses quickly as well. Dropbox ( DBX ) is a company that I've been skeptical of for over a year, an...
Kenneth Cheung/iStock Unreleased via Getty Images In the volatile stock market of 2026, I think one of the best assets that investors can possess is the ability to change their minds. Information is flowing quickly; fundamental stories and valuations are constantly changing, forcing us to pivot our theses quickly as well. Dropbox ( DBX ) is a company that I've been skeptical of for over a year, and yet the stabilization showcased in the company's recent Q1 earnings has me more sanguine in its prospects going forward. Shares of Dropbox have rallied more than 10% post-earnings, its first meaningful rally in years after Dropbox faced a bruising decline in 2025. Data by YCharts I last wrote a sell article on Dropbox in February, when the stock was trading at $25 per share. I think the recent rebound in Dropbox showcases exactly what investors are looking for in cheap software investments today: reliable cash flows, high-quality earnings with limited stock dilution, and resilience from being disrupted by AI. In my view, Dropbox amply demonstrates all of these criteria, and with that in mind, I'm upping my rating on the stock to neutral. It's not all clear skies ahead for the company, but I now view a more balanced bull/bear case for this name. On the bright side for Dropbox: Hugely profitable business. No, Dropbox isn't a growth stock anymore. But we can essentially consider its platform a vital internet utility, and one that runs at a rich high-20s operating margin and generates very reliable, rich cash flow. AI resistant. Increased complexity in agentic AI's capabilities may be able to provide more meaningful competition to many application software companies. But in spite of this, companies will still need cloud storage for their files, making Dropbox's very simple product quite durable. At the same time, however, we are very wary of the following risks: Very choppy growth trends and seat-based vulnerabilities. Dropbox's ARR and paid user counts have been flat or even...
Breitling AG is laying off dozens of employees as the Swiss watchmaker, whose models include the pilot-focused Navitimer, grapples with softening luxury demand and higher costs. The business, owned by private equity firms Partners Group and CVC Capital Partners , has cut more than 50 positions across its headquarters and subsidiaries globally this year, according to people familiar with the matter...
Breitling AG is laying off dozens of employees as the Swiss watchmaker, whose models include the pilot-focused Navitimer, grapples with softening luxury demand and higher costs. The business, owned by private equity firms Partners Group and CVC Capital Partners , has cut more than 50 positions across its headquarters and subsidiaries globally this year, according to people familiar with the matter, who asked not to be identified discussing staffing matters. The layoffs, including in HR, marketing and sustainability, are part of a push to cut costs as Chief Executive Officer Georges Kern looks to revive the business. The strength of the Swiss franc and headwinds from US tariffs is adding to the challenges posed by the wider economic backdrop, which are crimping demand in some markets. The company reported adjusted earnings before interest, taxes, depreciation and amortization of 162 million Swiss francs ($208 million) for the 12 months ending March 31, a 21% slump versus the previous year, people familiar with the matter said. Net sales slid 11% to 769 million francs, they added. Octus earlier reported some details of the earnings. Much of the drop reflects a hit from exchange rates, one of the people said. The Swiss franc was one of the top performing major currencies in the fiscal year, gaining over 10% against the dollar. The US is the company’s largest market. Breitling is also now being affected by the war in the Middle East, which has cast a shadow over one of the few regions of growth for luxury watches. Breitling and a representative for Partners Group declined to comment. A spokesperson for CVC didn’t respond to a request for comment. Under Kern, who has led the company since 2017, Breitling has added two brands to its core offering. In 2023 it acquired high-end marque Universal Genève, followed in 2025 by entry-level brand Gallet that is being launched this year. Read more: Private Equity Revives Beloved Swiss Watchmaker Universal Genève Still, the cost of ...
The full version of Playground Games' upcoming Forza Horizon 6 has leaked online over the weekend and has already been cracked by pirates. The download appeared on file sharing sites after some Steam users were allegedly able to obtain access to an unencrypted preload version of the game. Forza Horizon 6 isn't supposed to launch until May 19th on Xbox Series S / X and PC, but cracks to bypass onli...
The full version of Playground Games' upcoming Forza Horizon 6 has leaked online over the weekend and has already been cracked by pirates. The download appeared on file sharing sites after some Steam users were allegedly able to obtain access to an unencrypted preload version of the game. Forza Horizon 6 isn't supposed to launch until May 19th on Xbox Series S / X and PC, but cracks to bypass online checks in the game are already widely available. Reddit users first noticed that games files, totaling more than 150GB, had appeared online yesterday, before Reddit's legal operations team removed the post. Earlier this year a pre-release versi … Read the full story at The Verge.
Key PointsVanguard Real Estate ETF focuses on United States markets while Vanguard Global ex-U.S. Real Estate ETF provides international exposure across more than 30 countries.
Key PointsVanguard Real Estate ETF focuses on United States markets while Vanguard Global ex-U.S. Real Estate ETF provides international exposure across more than 30 countries.
BRIAN SMITH/iStock Editorial via Getty Images Like many of the names in the paper and forest products space, West Fraser Timber ( WFG ) has been a let down, not least of which is due to the current housing cycle and the aftermath of the pandemic era. Anyone looking at the headline numbers from Q1'26 would see a reported net income loss and negative operating cash flow. On the surface, it's an ugly...
BRIAN SMITH/iStock Editorial via Getty Images Like many of the names in the paper and forest products space, West Fraser Timber ( WFG ) has been a let down, not least of which is due to the current housing cycle and the aftermath of the pandemic era. Anyone looking at the headline numbers from Q1'26 would see a reported net income loss and negative operating cash flow. On the surface, it's an ugly scorecard. But I think the setup here is one of the more interesting risk/reward propositions in the materials sector right now. The numbers that West Fraser released to the market last week are distorted by 1) a $114 million non-cash softwood lumber duty adjustment relating to prior periods and 2) every segment improved sequentially. In my view, West Fraser is an interesting name to look at since the stock is trading near book value at the trough of a lumber cycle that has been grinding for two years. Perhaps more importantly, the balance sheet carries less than $500 million in net debt against $900 million in liquidity and a net cash balance affords them plenty of flexibility. With potential M&A on the horizon and the company buying back up to 5% of its shares at these prices, it's my preferred way to play for the eventual housing recovery. A look at Q1'26 results When looking at the latest results that were released on May 1, West Fraser reported a headline adjusted EBITDA figure of negative $66 million . In my view, I think it's the wrong number to anchor to. The reason for that is because included in that figure is a $114 million non-cash charge for softwood lumber duty adjustments relating to prior periods. For those who might be unfamiliar, these are charges tied to the ongoing Canada-U.S. softwood lumber trade dispute where Canadian producers pay countervailing and anti-dumping duties on exports to the U.S. that are held in escrow pending the outcome of trade proceedings. When duty rates for prior shipment periods are revised, West Fraser books adjustments to the a...