The US strikes Iranian targets following what it said were attacks on Navy destroyers, as President Donald Trump warned of "violent" escalation unless a deal is signed quickly. It leaves markets in "wait and see" mode as oil nears $100 a barrel. (Source: Bloomberg)
The US strikes Iranian targets following what it said were attacks on Navy destroyers, as President Donald Trump warned of "violent" escalation unless a deal is signed quickly. It leaves markets in "wait and see" mode as oil nears $100 a barrel. (Source: Bloomberg)
IREN Limited (NASDAQ: IREN) shares jumped 27% to $72.28 during after-hours trading on May 7, The move came after the company closed the prior session down 6.77% at $56.85. At press time, the stock had pulled back slightly to $69.45, still up 21.55%. The catalyst was a new strategic ...
IREN Limited (NASDAQ: IREN) shares jumped 27% to $72.28 during after-hours trading on May 7, The move came after the company closed the prior session down 6.77% at $56.85. At press time, the stock had pulled back slightly to $69.45, still up 21.55%. The catalyst was a new strategic ...
DoubleLine Capital ’s Jeffrey Gundlach is repositioning some of his funds for the longshot possibility that the US government could move to alter its existing debt. In an interview with Bloomberg Television, Gundlach suggested that the US could, in response to a future recession, swap out bondholders’ higher-coupon Treasuries and replace them with ones with lower interest payments across the matur...
DoubleLine Capital ’s Jeffrey Gundlach is repositioning some of his funds for the longshot possibility that the US government could move to alter its existing debt. In an interview with Bloomberg Television, Gundlach suggested that the US could, in response to a future recession, swap out bondholders’ higher-coupon Treasuries and replace them with ones with lower interest payments across the maturity curve. To get ahead of such a move, Gundlach has replaced higher-coupon Treasuries in some portfolios — including its flagship — with the lowest-coupon ones of the same maturity. His worry is the US government, in a bid to reduce its interest payments during a future recession, might decide to lower the coupons unilaterally on all outstanding debt. He gave the example of it potentially reducing coupons to 1% from 4%, without changing the maturity of the debt, something he called “the ultimate way of kicking the can down the road.” Should the government do such a thing, bond prices would collapse and the government “would not be allowed to borrow for generations, which is a solution to our debt addiction,” he added. He admitted that the plan would be a longshot for the US government to pull off. “I’m not saying this is a 30% chance, even,” he said, “but what if they say, ‘You know what? Our interest expense is now $3 trillion. We had a recession. Rates have gone up. We’re now issuing 30-year bonds at 6%. We can’t afford it. We’re drowning here.’” Treasury Secretary Scott Bessent has discussed trying to manage the yield curve as a tool to manage the US debt load, and Gundlach said he sees the scenario he laid out as a version of that strategy. “What if they go crazy,” he said in the wide-ranging interview from his firm’s Los Angeles offices, where he also mused about private credit and the price of gold.
Earnings Call Insights: Corpay, Inc. (CPAY) Q1 2026 Management view Corpay framed Q1 as an upside-driven quarter and raised its full-year targets, with Chairman, President & CEO Ronald F. Clarke stating, "We reported revenue of $1.26 billion, up 25% and cash EPS of $5.80, up 29%" and adding, "about 2/3 of our $50 million Q1 revenue beat versus guidance was really just better performance across the...
Earnings Call Insights: Corpay, Inc. (CPAY) Q1 2026 Management view Corpay framed Q1 as an upside-driven quarter and raised its full-year targets, with Chairman, President & CEO Ronald F. Clarke stating, "We reported revenue of $1.26 billion, up 25% and cash EPS of $5.80, up 29%" and adding, "about 2/3 of our $50 million Q1 revenue beat versus guidance was really just better performance across the board, not macro related." Clarke highlighted mix shift and segment momentum, saying, "Q1 overall organic revenue growth, 11%" and noting Corporate Payments "grew 16%, that's 18%, excluding flow compression, and did reach 40% of our overall revenues in the quarter," while Vehicle Payments "grew 10%" and "Lodging improved meaningfully sequentially, landing flat for the quarter." Clarke tied the raised full-year outlook to Q1 upside, macro, and divestitures, saying, "we're raising full year 2026 revenue guidance today to $5.290 billion at the midpoint" and "raising full year 2026 cash EPS guidance to $26.70 at the midpoint," while also stating, "We'll also net out $75 million from rest of year revenue to reflect the divestiture of PayByPhone on March 31." Chief Financial Officer Peter Walker reinforced the operating cadence and key drivers, saying, "The headline for the quarter is significant overperformance with 25% top line and 29% bottom line growth" and adding, "Corporate Payments delivered 16% organic growth for the quarter despite a 200 basis point drag from float revenue compression driven by lower interest rates." Walker described Corporate Payments activity levels and integration progress, including, "spend volumes, which increased organically 43% to $82 billion" and "Approximately 15% of Alpha corporate volume has already been migrated to our global tech platform with the next wave of migration planned for Q2," while Clarke emphasized new cross-border infrastructure steps: "We just signed JPMorgan and BVNK agreements, to speed the addition of blockchain rails to ou...
Earnings Call Insights: Globus Medical (GMED) Q1 2026 Management View "Our first quarter results demonstrate our ongoing focus as we continue to scale and capture share while maintaining operational discipline, driving margin expansion, favorably impacting Q1 and our full year results looking ahead" (CEO, President & Director Keith Pfeil). "Q1 revenue totaled $759.9 million" and "Fully diluted non...
Earnings Call Insights: Globus Medical (GMED) Q1 2026 Management View "Our first quarter results demonstrate our ongoing focus as we continue to scale and capture share while maintaining operational discipline, driving margin expansion, favorably impacting Q1 and our full year results looking ahead" (CEO, President & Director Keith Pfeil). "Q1 revenue totaled $759.9 million" and "Fully diluted non-GAAP earnings per share was $1.12" (CEO Pfeil). "Our Q1 base business revenue totaled $677.2 million" and "Our U.S. Spine business continues to show strength and resilience as it grew 10% in Q1" (CEO Pfeil). "Robotics pull-through remains a key driver" and "the mix of pipeline deals is shifting with a greater focus on leases and rentals compared to the historical mix of outright sales" (CEO Pfeil). "Early in our second quarter, we received two FDA 510(k) clearances for both our patient-specific [ script ] spacer system... as well as patient-specific [ script ] rods" (CEO Pfeil). "Our Trauma business posted a 30.4% increase" and "First quarter net revenue finished at $82.7 million" for Nevro as Globus "adopted the Globus approach to driving profitable sales growth" (CEO Pfeil). "Adjusted gross profit margin over 69%" and "record Q1 fully dilutive non-GAAP earnings per share of $1.12" (Senior VP & CFO Kyle Kline). Outlook "Globus Medical reaffirms its full year 2026 revenue guidance of $3.18 billion to $3.22 billion" (CFO Kline). "We are increasing our guidance for non-GAAP fully diluted earnings per share to be in the range of $4.70 to $4.80 from the previous range of $4.40 to $4.50" (CFO Kline). "We reiterate our expectation of adjusted gross profit margin falling in the range of 69% to 70% in 2026 and our long-term goal for mid-70s adjusted gross profit percentage" (CFO Kline). "In 2026, we expect R&D expense to be in the range of 5% to 6% of net sales" and "we expect SG&A expense to be in the range of 38% to 39% of net sales" (CFO Kline). "The mix of how we're offering t...
Getty Images By Benjamin Schroeder , Senior Rates Strategist Rates could fall slower than growing optimism suggests Brent oil prices have been settling more clearly below the US$100/bbl threshold in anticipation of a deal that also reopens the Strait of
Getty Images By Benjamin Schroeder , Senior Rates Strategist Rates could fall slower than growing optimism suggests Brent oil prices have been settling more clearly below the US$100/bbl threshold in anticipation of a deal that also reopens the Strait of
Does Logitech’s EPS Beat Signal the Rebound of Video Gaming?Corsair Gaming (NASDAQ:CRSR) reported what management called a “strong start” to 2026, highlighted by record first-quarter gross margin, results above the company’s guidance ranges for profitability, and improved balance
Does Logitech’s EPS Beat Signal the Rebound of Video Gaming?Corsair Gaming (NASDAQ:CRSR) reported what management called a “strong start” to 2026, highlighted by record first-quarter gross margin, results above the company’s guidance ranges for profitability, and improved balance
Key PointsiShares Russell 2000 Growth ETF offers exposure to over 1,000 small-cap stocks while Vanguard Mega Cap Growth ETF focuses on 69 of the largest U.S. growth companies
Key PointsiShares Russell 2000 Growth ETF offers exposure to over 1,000 small-cap stocks while Vanguard Mega Cap Growth ETF focuses on 69 of the largest U.S. growth companies