Emmanuel Macron will name one of his closest advisers to run the Bank of France , risking a backlash from lawmakers who have warned they will oppose the president placing allies in senior roles before he leaves power next year. The heads of the finance committees of the National Assembly and the Senate have been informed of the nomination of Emmanuel Moulin , the Elysee Palace said in a statement ...
Emmanuel Macron will name one of his closest advisers to run the Bank of France , risking a backlash from lawmakers who have warned they will oppose the president placing allies in senior roles before he leaves power next year. The heads of the finance committees of the National Assembly and the Senate have been informed of the nomination of Emmanuel Moulin , the Elysee Palace said in a statement Tuesday. If Moulin, 57, can clear parliamentary hearings, he will succeed Francois Villeroy de Galhau , who is retiring early at the end of May.
UBS Group AG is withholding more than 22,000 pages of documents from an independent probe into Credit Suisse ’s handling of Nazi-linked accounts because the bank says they are legally privileged, the lawyer overseeing the investigation has told a US Senate committee. UBS has further limited the scope of the probe and is reviewing an additional 388,000 pages for potential redaction, ombudsman Neil ...
UBS Group AG is withholding more than 22,000 pages of documents from an independent probe into Credit Suisse ’s handling of Nazi-linked accounts because the bank says they are legally privileged, the lawyer overseeing the investigation has told a US Senate committee. UBS has further limited the scope of the probe and is reviewing an additional 388,000 pages for potential redaction, ombudsman Neil Barofsky wrote in a May 1 letter to the Senate Judiciary Committee, which is providing oversight of his investigation and published Barofsky’s letter on its website . The figures give a fuller sense of how much documentation is still at stake in the current standoff between UBS and the Judiciary Committee and Barofsky, who are pressing for greater disclosure. The bank inherited this legal case after buying its ailing former rival Credit Suisse in 2023 and is looking to fend off further litigation. Senator Chuck Grassley , who heads the committee, has said the bank’s recent behavior calls “into question UBS’s candor to the committee and its commitment to a thorough investigation.” A UBS spokesperson didn’t have immediate comment on Barofsky’s latest letter. The bank has not provided responses to the committee’s follow-up questions by its April 24 deadline and has failed to respond with a date when it will, said a spokeswoman for the Judiciary Committee. Grassley and other members of the panel grilled UBS executives on the issue at a hearing in February . Read More: UBS Faces New Pressure on Nazi Accounts From Senate Panel UBS said last month that it won’t hand over the stash of privileged documents for a probe into handling of Nazi-linked accounts after failing to win assurances from a US court that doing so wouldn’t expose it to new financial claims. At the time, it wasn’t clear how many pages were at stake in that trove of documents. UBS had previously said that it was only holding back some 150 documents, each of which can run to many pages. They pertain to the 1990s and ...
Shares of Valaris Limited ( VAL ) fell about 8% after the offshore driller reported a first-quarter loss and weaker sequential performance, despite topping revenue expectations. The company posted a GAAP loss of $0.24 per share, missing estimates, while revenue of $465M declined 25% year-over-year but came in ahead of forecasts. Net loss totaled $18M, compared with a sharply higher profit in the p...
Shares of Valaris Limited ( VAL ) fell about 8% after the offshore driller reported a first-quarter loss and weaker sequential performance, despite topping revenue expectations. The company posted a GAAP loss of $0.24 per share, missing estimates, while revenue of $465M declined 25% year-over-year but came in ahead of forecasts. Net loss totaled $18M, compared with a sharply higher profit in the prior quarter that was boosted by tax benefits. CEO Anton Dibowitz pointed to strong operational execution, with revenue efficiency at 98%, and said results should improve through 2026 as more drillships return to service. The company also added over $500M in new contracts, lifting backlog to roughly $4.9B—its highest level in nearly a decade. However, investors appeared concerned about declining revenues across both floater and jackup segments, as well as rising costs tied to Middle East operations and merger-related expenses. Valaris also highlighted its planned all-stock merger with Transocean, which it expects to generate synergies and expand capabilities. More on Valaris Valaris: Pricing Has Reset, Earnings Haven't Yet Transocean And Valaris Are Making A Great Move By Joining Forces Transocean: Valaris Acquisition Is A Major Positive, But Valuation Limits Upside The ClearBridge Small-Cap Strategy reports portfolio changes with multiple initiations and exits in Q1 2026 Best performing energy foreign stocks YTD
Another day, another round of huge volatility for Poet Technologies (NASDAQ: POET) stock -- and this time it's seeing huge valuation gains. The company's share price was up 29.1% as of 11:55 a.m. ET on Tuesday. At the same point in the day's trading, the S&P 500 and the Nasdaq Composite were up 0.7% and 0.9%, respectively. While the bullish backdrop for the broader market is likely helping Poet's ...
Another day, another round of huge volatility for Poet Technologies (NASDAQ: POET) stock -- and this time it's seeing huge valuation gains. The company's share price was up 29.1% as of 11:55 a.m. ET on Tuesday. At the same point in the day's trading, the S&P 500 and the Nasdaq Composite were up 0.7% and 0.9%, respectively. While the bullish backdrop for the broader market is likely helping Poet's valuation move higher , it doesn't explain the massive rally for the stock . Surprisingly, the company's share price appears to be making huge gains despite little in the way of fresh business-specific news. Image source: Getty Images. Continue reading
BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up. He speaks at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
JHVEPhoto/iStock Editorial via Getty Images Loews ( L ) is one of those companies that I have covered for some time. My latest coverage on the company can be found here, and in this coverage, I reiterate a "Hold" rating. The company has, based on my targets, at certain times, been an attractive investment. Unfortunately, that time has not been "now," nor was it when I covered it last, and the comp...
JHVEPhoto/iStock Editorial via Getty Images Loews ( L ) is one of those companies that I have covered for some time. My latest coverage on the company can be found here, and in this coverage, I reiterate a "Hold" rating. The company has, based on my targets, at certain times, been an attractive investment. Unfortunately, that time has not been "now," nor was it when I covered it last, and the company traded at above $110/share. As of 1Q26, which was reported yesterday, the company crashed by over 5% in a single day. It's fair to say that the company did not impress the market. Loews is tricky to analyze and to cover because it lacks a lot of comparisons. The company is not covered by Wall Street analysts, it also lacks coverage from SA Quant, and there are only a few of us analysts here on SA willing (seemingly) to take a "crack" at trying to determine valuation for this company. In my latest article on Loews, I came to the conclusion of a PT of about $82/share, which is about 20% (a bit more) below the current trading level of the company. So what you'll be able to read in this article is my coverage on the company's upside (if there's any), a PT update, and a determination of the overall attractiveness of the company in this market. Loews is a prime target for SOTP valuation because of its business model. Some analysts view it as far better than it actually is because of its stakes in P&C insurance. I would argue that there's ample proof that the company has a historical tendency of being significantly overvalued and excessively inflated. That is why the company misses estimates negatively over 60% of the time even with a 10% margin of error, and why, for over 10-15 years, the company performed extremely poorly as an investment, even being negative or close to flat. F.A.S.T graphs Loews Upside So when looking at this company, you have to be cautious. The company is profitable is not enough. The yield is less than 0.25% at this price, which means that the entire di...
Our 24/7 Wall St. price target for Google (NASDAQ: GOOGL) points to $502.88 over the next 12 months, which would take shares well past the $500 mark. With GOOGL trading at $383.25, that implies 31.21% upside. The model’s rating is buy with a high confidence reading of 90%. Cloud is compounding, Gemini usage is scaling ... Alphabet Stock: I See a Path to $500 by 2027
Our 24/7 Wall St. price target for Google (NASDAQ: GOOGL) points to $502.88 over the next 12 months, which would take shares well past the $500 mark. With GOOGL trading at $383.25, that implies 31.21% upside. The model’s rating is buy with a high confidence reading of 90%. Cloud is compounding, Gemini usage is scaling ... Alphabet Stock: I See a Path to $500 by 2027
Investors are watching Dutch Bros (NYSE: BROS) ahead of first-quarter results due tomorrow after the bell. The stock is down 7.15% year to date but has rallied 12.89% over the past month. This report needs to justify that bounce. A Quiet Year, A Loud Comeback The setup is interesting. After Dutch Bros closed 2025 at ... Can Dutch Bros. Keep Brewing Up Gains?
Investors are watching Dutch Bros (NYSE: BROS) ahead of first-quarter results due tomorrow after the bell. The stock is down 7.15% year to date but has rallied 12.89% over the past month. This report needs to justify that bounce. A Quiet Year, A Loud Comeback The setup is interesting. After Dutch Bros closed 2025 at ... Can Dutch Bros. Keep Brewing Up Gains?
hapabapa/iStock Editorial via Getty Images Lam Research ( LRCX ) has gained ~20% since our last "Buy-rated" article on the stock in March. While the stock has corrected from its recent peak of ~$270, we believe its earnings release has all but strengthened its investment case—outlook upgrade on WFE and advanced packaging, and hyperscaler earnings confirming the AI capex cycle. Data by YCharts Q3 F...
hapabapa/iStock Editorial via Getty Images Lam Research ( LRCX ) has gained ~20% since our last "Buy-rated" article on the stock in March. While the stock has corrected from its recent peak of ~$270, we believe its earnings release has all but strengthened its investment case—outlook upgrade on WFE and advanced packaging, and hyperscaler earnings confirming the AI capex cycle. Data by YCharts Q3 FY2026 earnings wrap Lam Research delivered another quarter of consecutive growth, which is now its in its eleventh quarter of unabated growth. The company posted results which beat revenue and EPS estimates, while also upgrading its CY2026 WFE outlook from $135B to $140B. The Customer Support Business Group (CSBG), which we highlighted in our previous article as being margin accretive and that it benefits from customers upgrading/maintaining their existing equipment, crossed the $2B milestone in quarterly revenue. This reflects a 6% Q/Q or 25% Y/Y growth rate. We described this segment as the "earnings anchor" that benefits from Lam's large and growing install base, with counter-cyclical characteristics. The management has mentioned in the Q3 earnings call that ongoing improvements, such as the Dextro cobot platform, will be further margin drivers. China-dependent revenue is slowly peeling off with 34% of revenue from China in the quarter, compared to 35% from the prior quarter. Meanwhile, Korea and Taiwan each contributed 23% of revenue, which was a record and reflects accelerating leading edge spending from TSMC ( TSM ) and Samsung as GAA and HBM programs ramp up. Metric Q2 FY2026 (Dec 2025) Q3 FY2026 (Mar 2026) Guidance Midpoint YoY Change Revenue $5.34B $5.84B $5.70B +24% Non-GAAP Gross Margin 49.7% 49.9% ~49% +220 bps Non-GAAP Operating Margin 34.3% 35.0% ~34% +430 bps Non-GAAP EPS $1.27 $1.47 $1.35 — EPS Beat vs. Consensus +8.5% +8.1% — — Click to enlarge Source: Company, Market estimates, Himalayas Research estimates Q4 FY2026 Guidance: Another Step-up The company ha...
dusanpetkovic/iStock via Getty Images United Natural Foods ( UNFI ) has rallied roughly 146% from its 52-week low of $20.78 to trade around $51 today. Over the last two years, UNFI's management has made a smart decisions to shed unprofitable distribution volume, reduce debt, and drive EBITDA meaningfully higher on a shrinking revenue base. In the latest Q2 results, the company continued that trend...
dusanpetkovic/iStock via Getty Images United Natural Foods ( UNFI ) has rallied roughly 146% from its 52-week low of $20.78 to trade around $51 today. Over the last two years, UNFI's management has made a smart decisions to shed unprofitable distribution volume, reduce debt, and drive EBITDA meaningfully higher on a shrinking revenue base. In the latest Q2 results, the company continued that trend and the stock has moved materially higher. I think the problem I see today is that stock has run well past what the fundamentals justify. While the balance sheet has made material progress, the the customer concentration embedded in its Whole Foods relationship that accounts for roughly 22% of total revenue is a risk. Owned by Amazon ( AMZN ) who's been deepening its relationship with a direct UNFI competitor, I think that this remains one of the more underappreciated overhangs in the story. A look at Q2 FY26 results When looking at the latest quarter for UNFI, the main takeaway was that revenues disappointed but profitability has been improving. On the top line, revenues declined 2.6% to $7.95 billion and missed sellside estimates of $8.11 billion by $161 million . Of that revenue decline, management attributed nearly 500bps to network optimization actions which included an accelerated exit from its Allentown distribution center. For better or worse, UNFI has essentially had to deliberately shrink its business to exit low-margin distribution volume, improve EBITDA per dollar of sales, and let the profitability metrics recover even as the top line contracts. On the bottom line, EPS of $0.62 beat the $0.51 consensus and was 11 cents above expectations. On EBITDA, UNFI's EBITDA grew by 22% to $179 million. Relative to the depressed EBITDA margins the business experienced in 2024, these were strong numbers that showed that the underlying health of the business has improved. Seeking Alpha Company Filings Looking at the segment breakdown, natural product sales grew 7% year over...
Earnings Call Insights: Rockwell Automation (ROK) Q2 fiscal 2026 Management view Rockwell described Q2 as an outperformance versus its own expectations, with CEO Blake Moret saying, "Rockwell delivered especially strong operating performance this quarter with sales, margins and EPS all coming in above our expectations" (President, Chairman & CEO Blake Moret). Management highlighted demand broadeni...
Earnings Call Insights: Rockwell Automation (ROK) Q2 fiscal 2026 Management view Rockwell described Q2 as an outperformance versus its own expectations, with CEO Blake Moret saying, "Rockwell delivered especially strong operating performance this quarter with sales, margins and EPS all coming in above our expectations" (President, Chairman & CEO Blake Moret). Management highlighted demand broadening beyond prior concentrations, with Moret stating, "We saw an improvement in customer demand across a broader range of industries in Q2, such as e-commerce, warehouse automation, data center, semiconductor and energy" (President, Chairman & CEO Moret), while also noting delays in large investments: "persistent trade volatility and geopolitical uncertainty continued to delay large capital investments in other industries, including automotive and consumer packaged goods" (President, Chairman & CEO Moret). Rockwell pointed to product and vertical momentum in controllers and automation logistics, including Moret’s comments that Software & Control organic sales were up 17% and that "Logix itself grew over 20% in the quarter" (President, Chairman & CEO Moret), alongside OTTO AMR traction and new logo wins (including end-to-end battery manufacturing automation in China). The company completed the Sensia joint venture dissolution and framed it as executed to plan, with Moret stating, "The dissolution of our Sensia joint venture is now complete and executed as planned" (President, Chairman & CEO Moret). CFO Christian Rothe emphasized tariffs/pricing discipline and neutrality goals, saying, "We continue to expect pricing actions to fully recover tariff costs this year" and "Maintaining earnings neutrality remains our focus" (Senior VP & CFO Christian Rothe). Outlook Management raised full-year sales growth expectations, with Moret saying, "We now expect both our reported and organic sales growth to be in the 5% to 9% range" (President, Chairman & CEO Moret). Profitability and EPS gu...
Michael Saylor ’s Bitcoin accumulation firm Strategy Inc. has survived yet another crypto market meltdown with some fresh financial engineering. The outlook could have hardly looked more dire. Back on Feb. 5, the cryptocurrency had lost half its value and the common shares used to fund most of its token purchases had tumbled by an even greater amount. That was all before the firm disclosed a $12.4...
Michael Saylor ’s Bitcoin accumulation firm Strategy Inc. has survived yet another crypto market meltdown with some fresh financial engineering. The outlook could have hardly looked more dire. Back on Feb. 5, the cryptocurrency had lost half its value and the common shares used to fund most of its token purchases had tumbled by an even greater amount. That was all before the firm disclosed a $12.4 billion loss later that afternoon. Exactly three months later, Strategy will report another multibillion-dollar loss for the first quarter to write down the value of its roughly $64 billion horde. But few investors seem to care. Bitcoin has clawed its way up from its recent lows to $80,000 and the shares have jumped. Saylor is once again the talk of the digital-asset market and beyond; however, the underlying risks remain the same. The recovery is largely thanks to hybrid securities known as perpetual preferred shares that Strategy began selling last year. The dividend-paying shares have been used to finance the current Bitcoin buying spree by Saylor, the co-founder and executive chairman of the one-time enterprise-software maker formerly known as MicroStrategy. Market observers have credited Strategy — which bought more than $4 billion of Bitcoin in April — as underpinning demand for the coin amid the general market uncertainty caused by the military conflict in the Middle East. The niche securities have been used by banks, utility companies and real estate firms to meet regulatory capital requirements and were typically sold to institutional investors. Strategy has been marketing what they call Stretch preferred to retail buyers over platforms including Robinhood and Charles Schwab, touting the junk-bond-level yielding securities as an alternative to money market funds. “They have found an audience,” said Michael Youngworth , head of global convertibles and preferred strategy at Bank of America . “It’s people who trust ‘Bank of MicroStrategy’ here. You have to be comfort...
Micron Technology stock surges and is on pace to close with a market cap above $700 billion for the first time on record. Memory stocks may not be cyclical this time, a new report says.
Micron Technology stock surges and is on pace to close with a market cap above $700 billion for the first time on record. Memory stocks may not be cyclical this time, a new report says.