Key PointsGratus Wealth Advisors sold 164,630 shares of QQEW -- worth an estimated $22.3 million based on average closing prices for the quarter -- reducing its stake by more than 60%.
Key PointsGratus Wealth Advisors sold 164,630 shares of QQEW -- worth an estimated $22.3 million based on average closing prices for the quarter -- reducing its stake by more than 60%.
Analysts at Rosenblatt see a compelling opportunity in Palantir (NASDAQ:PLTR) stock. Analyst John McPeake raised his PLTR price target to $225 from $200 while keeping a Buy rating, citing what the firm described as a significant beat to Q1 2026 estimates. The thesis centers on Palantir’s ontology layer, which Rosenblatt views as the key to ... Rosenblatt Calls Palantir the Key to Unlocking Enterpr...
Analysts at Rosenblatt see a compelling opportunity in Palantir (NASDAQ:PLTR) stock. Analyst John McPeake raised his PLTR price target to $225 from $200 while keeping a Buy rating, citing what the firm described as a significant beat to Q1 2026 estimates. The thesis centers on Palantir’s ontology layer, which Rosenblatt views as the key to ... Rosenblatt Calls Palantir the Key to Unlocking Enterprise AI: Price Target Climbs to $225
tiero/iStock via Getty Images Overview When I previously covered the American Electric Power Company, Inc. ( AEP ), the growth thesis was pretty straightforward. Data centers served as a catalyst for growth as the sector required more power, which AEP was aligned to deliver. Since then, the stock has continued its upward momentum, and AEP has just released its Q1 earnings report. Since my last cov...
tiero/iStock via Getty Images Overview When I previously covered the American Electric Power Company, Inc. ( AEP ), the growth thesis was pretty straightforward. Data centers served as a catalyst for growth as the sector required more power, which AEP was aligned to deliver. Since then, the stock has continued its upward momentum, and AEP has just released its Q1 earnings report. Since my last coverage, AEP has outperformed the S&P 500 Index ( SPX ), and I believe that there's a solid chance outperformance can continue. Therefore, I wanted to revisit the business to reassess its current valuation, performance expectations, and any risks to the thesis. Looking at the performance over the last twelve months, we can see that AEP has delivered a total of about 29.2%. The performance has slightly outpaced the S&P 500's total return of 28.2% over the same time frame. If we continue to see the volatile market conditions, such as the selloff of software stocks and uncertainty of AI, there's always the chance that the S&P 500 will continue to grow at a slower pace over the next twelve months. However, AEP has the chance to outperform because its business is already demonstrating positive earnings growth related to the power demand for AI. Data by YCharts AEP now offers investors a starting dividend yield of about 2.8%, and while this is only a small piece of the appeal, I believe that dividend growth will improve in the near term. The business is producing a lot of cash, and the margins are expanding. Investors will likely be rewarded with consistent raises going forward, which increases the appeal for investors that love to collect income from their positions. For instance, the earnings beat estimates, and management increased their long-term expected growth rate through 2030. However, the business also raised the outlook related to their capital plan and will spend more money than originally expected. This could create some uncertainty in the near term, but I ultimately be...
Norwegian Cruise Line (NYSE:NCLH) stock took a coordinated beating from Wall Street on May 5, with four major firms cutting price targets after the cruise operator delivered a sweeping yield reset alongside Norwegian’s Q1 2026 results. The issue is the company’s full-year outlook, which now calls for net yield to decline 3% to 5% on ... Norwegian Cruise Line Just Got a Wall Street Beatdown: Four F...
Norwegian Cruise Line (NYSE:NCLH) stock took a coordinated beating from Wall Street on May 5, with four major firms cutting price targets after the cruise operator delivered a sweeping yield reset alongside Norwegian’s Q1 2026 results. The issue is the company’s full-year outlook, which now calls for net yield to decline 3% to 5% on ... Norwegian Cruise Line Just Got a Wall Street Beatdown: Four Firms Slash Price Targets After Yield Reset
(RTTNews) - Stocks have moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen in the previous session. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high.
(RTTNews) - Stocks have moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen in the previous session. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high.
Iryna Mylinska/iStock via Getty Images Graphic Packaging Holding Company ( GPK ) reported a stronger-than-expected first quarter, sending its shares up as much as 13% on Tuesday. The rally comes after a difficult stretch, with the stock still down 53% over the past 12 months through Monday’s close. The producer of sustainable paper-based consumer packaging topped Wall Street expectations for both ...
Iryna Mylinska/iStock via Getty Images Graphic Packaging Holding Company ( GPK ) reported a stronger-than-expected first quarter, sending its shares up as much as 13% on Tuesday. The rally comes after a difficult stretch, with the stock still down 53% over the past 12 months through Monday’s close. The producer of sustainable paper-based consumer packaging topped Wall Street expectations for both revenue and earnings. The company supplies packaging for food, beverage and household products, serving major global brands with items such as folding cartons, beverage carriers and foodservice packaging. Revenue rose to about $2.16 billion, exceeding the $2.15 billion consensus estimate, while adjusted earnings of $0.09 a share beat expectations of $0.06. Earnings affected by one-time charges Despite the adjusted earnings beat, Graphic Packaging ( GPK ) posted a net loss for the quarter, reflecting special items and restructuring-related costs. Net income fell to a loss of $43 million, or -$0.14 a share, from net income of $127 million, or $0.42 a share, a year earlier. Excluding non-recurring items, profitability remained positive, with management pointing to steady volumes and disciplined cost control. Chief Executive Robbert Rietbroek highlighted execution in a challenging environment, saying the company delivered “strong” results relative to expectations and showed resilience despite external disruptions. Margins pressured but efficiency efforts underway Graphic Packaging ( GPK ) reported earnings before interest, taxes, depreciation and amortization of $159 million, down sharply from $353 million a year earlier. Adjusted figures showed a similar trend, as ebitda declined due to pricing pressure, cost inflation and mix. The company said it is actively addressing these headwinds through cost-cutting initiatives, including workforce reductions, portfolio simplification and tighter capital discipline. Management is targeting $60 million in cost reductions and has already ...
Citadel’s former Chief Technology Officer Umesh Subramanian is joining private investment firm Motive Partners, where he will lead its artificial-intelligence push. Subramanian and Motive's founder Rob Heyvaert speak to Bloomberg's Dani Burger at the Milken Global Conference. (Source: Bloomberg)
Citadel’s former Chief Technology Officer Umesh Subramanian is joining private investment firm Motive Partners, where he will lead its artificial-intelligence push. Subramanian and Motive's founder Rob Heyvaert speak to Bloomberg's Dani Burger at the Milken Global Conference. (Source: Bloomberg)