(RTTNews) - European stocks were broadly lower on Thursday after posting strong gains in the previous session on AI-driven optimism and hopes for a quick end to the Middle East conflict.
(RTTNews) - European stocks were broadly lower on Thursday after posting strong gains in the previous session on AI-driven optimism and hopes for a quick end to the Middle East conflict.
JHVEPhoto/iStock Editorial via Getty Images The reason I recommended this stock as a buy in my February 2026 article and remain interested in it is that Celestica ( CLS ) is one of the market’s most undervalued AI infrastructure companies. The market still values Celestica too much like an Electronics Manufacturing Services ("EMS") contractor, but the company is increasingly performing like an ODM...
JHVEPhoto/iStock Editorial via Getty Images The reason I recommended this stock as a buy in my February 2026 article and remain interested in it is that Celestica ( CLS ) is one of the market’s most undervalued AI infrastructure companies. The market still values Celestica too much like an Electronics Manufacturing Services ("EMS") contractor, but the company is increasingly performing like an ODM (Original Design Manufacturer), and if adjusted operating margins continue to move toward 10%, the stock's valuation could improve meaningfully from the current level. An ODM company that owns the product's design IP, but allows its customer to rebrand it, can generate higher margins than an EMS company, which lacks IP ownership and simply manufactures products according to the customer's design. Celestica has several leading-edge products in its Hardware Platform Solutions ("HPS") division (the ODM portion of the company) that are expected to come online in the second half of 2026 and into 2027, which should support a move to a much higher margin level. Although investors are increasingly pricing in improving margins, with Celestica's stock price up 369.6% over the last year, the market has yet to award a premium valuation relative to its peers. In some valuation comparisons, the market assigns higher valuations to Jabil ( JBL ), Flex ( FLX ), and Sanmina ( SANM ), despite Celestica having a stronger margin profile. Data by YCharts EMS manufacturers typically have non-GAAP (generally accepted accounting principles) adjusted operating margins in the mid-single digits. For instance, in its latest quarter, Flex ( FLEX ) had a non-GAAP operating margin of 6.5% , while Jabil had 5.26% , and Sanmina had a non-GAAP operating margin of 6.4% . In contrast, Celestica's non-GAAP adjusted operating margin continued to inch up toward levels where it is clearly separating itself from its peers; it expanded first quarter fiscal year ("FY") 2026 adjusted operating margins by 90 basis poi...
Investors may be wondering whether Advanced Micro Devices stock still offers value at current levels, or if the price already reflects the story they are buying into. The stock last closed at US$421.39, with returns of 18.9% over 7 days, 90.2% over 30 days, 88.6% year to date and 314.3% over 1 year. This naturally raises questions about what is already priced in. Recent headlines around Advanced M...
Investors may be wondering whether Advanced Micro Devices stock still offers value at current levels, or if the price already reflects the story they are buying into. The stock last closed at US$421.39, with returns of 18.9% over 7 days, 90.2% over 30 days, 88.6% year to date and 314.3% over 1 year. This naturally raises questions about what is already priced in. Recent headlines around Advanced Micro Devices have focused on its role in high performance semiconductors and its position in...
Solvay press release ( SVYSF ): Q1 net profit came in at €76 million, or €0.73 per share, versus €99 million, or €0.93 per share last year. Profit attributable to shareholders of €26 million, or €0.24 per share, down from €81 million, or €0.77 per share, a year earlier. Solvay reported Q1 2026 underlying EBITDA of €219 million, down 10.1% organically year over year. Underlying net sales fell 8.5% ...
Solvay press release ( SVYSF ): Q1 net profit came in at €76 million, or €0.73 per share, versus €99 million, or €0.93 per share last year. Profit attributable to shareholders of €26 million, or €0.24 per share, down from €81 million, or €0.77 per share, a year earlier. Solvay reported Q1 2026 underlying EBITDA of €219 million, down 10.1% organically year over year. Underlying net sales fell 8.5% organically to €997 million amid weaker volumes and pricing pressure. EBITDA margin came in at 21.9%, supported by €22 million in structural cost savings during the quarter. Solvay maintained its FY2026 guidance for underlying EBITDA of €770 million-€850 million and free cash flow above €200 million. More on Solvay SA Solvay: Why I Added To My Position In This High-Yielding Stock Solvay SA (SLVYY) Q4 2025 Earnings Call Transcript Solvay SA 2025 Q4 - Results - Earnings Call Presentation Solvay GAAP EPS of €0.13, revenue of €995M; introduces FY26 outlook Seeking Alpha’s Quant Rating on Solvay SA
The Wellington Phoenix coach reflects on the aftermath of the Olympic spying scandal and leading her team into a first A-League Women’s finals campaign Football is not the kind of profession that lends itself to time off for birthdays and the like. Especially when one is preparing to lead the Wellington Phoenix into their first A-League Women’s finals campaign, as Bev Priestman was last week. Yet,...
The Wellington Phoenix coach reflects on the aftermath of the Olympic spying scandal and leading her team into a first A-League Women’s finals campaign Football is not the kind of profession that lends itself to time off for birthdays and the like. Especially when one is preparing to lead the Wellington Phoenix into their first A-League Women’s finals campaign, as Bev Priestman was last week. Yet, especially when contrasted with the year prior, when she was still in the midst of a one-year Fifa ban after the spying scandal that engulfed Canada women’s football team during the Paris Olympics, being among “her people” turned out to be a gift in and of itself. “It was my 40th birthday [last week],” Priestman tells Moving the Goalposts . “And it’s those moments, I think to a year ago, and how I felt. And then how I felt in the club [this year], around my staff, around the team. I do this job because I love people. I love the game, obviously, but it’s working with people, getting your energy with people, and trying to inspire people and help them find a better version of themselves. Continue reading...
The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, told CoinDesk's Consensus Miami conference on Wednesday. "We're targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th," Witt said. The mechanics, according to ...
The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, told CoinDesk's Consensus Miami conference on Wednesday. "We're targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th," Witt said. The mechanics, according to Witt, are: Senate Banking Committee markup this month, four working Senate weeks in June for floor passage and enough runway for a U.S. House of Representatives vote before the Independence Day deadline. That timeline runs ahead of the prediction Sen. Kirsten Gillibrand shared on the same stage earlier in the day, when the New York Democrat predicted Clarity would reach the President's desk by the first week of August. "There's not a lot of slack left in the rope right now," Witt said. "But it is an achievable timeline." Witt said the White House convened banks and crypto firms to fashion the language, then handed it to the senators, who ran their own process and arrived at a text both sides found equally unsatisfying. "Crypto is unhappy, banks are unhappy, but they're both about equally unhappy," Witt said. "And so we know that we got the right compromise." Witt considered that the stablecoin-yield issue “is closed.” The White House is also closing in on a deal on the conflict-of-interest provision that has divided Democrats and the administration. Witt said the negotiating posture is to accept rules that apply "across the board, from the president all the way down to the brand new intern on Capitol Hill," but reject anything that singles out a particular office or officeholder. "We're not going to allow targeting of anyone's family, any one particular politician," he said. "I'm optimistic that we're going to be able to close that out." Speaking on what happens if Clarity slips past 2026, Witt said "If we're not setting the standard, if we're not writing the rules, then we...