Telesat press release ( TSAT ): Q1 GAAP EPS of -C$3.04. Revenue of C$87.06M (-25.4% Y/Y). As of March 31, 2026, backlog GEO segment totaled approximately C$800 million and LEO backlog totaled approximately C$1.1 billion. GEO satellite utilization was 55% at March 31, 2026. More on Telesat Why Now Is Early And Risky To Invest In Telesat's Lightspeed Project Telesat Corporation (TSAT) Q4 2025 Earnings Call Transcript Most and least shorted communications services stocks with up to $2B market cap as of end-March Most and least shorted communications services stocks with up to $2B market cap as of end-Feb Historical earnings data for Telesat

(RTTNews) - Immunotherapy company Biopharmaceutical New Technologies or BioNTech SE (BNTX) reported Tuesday a net loss of 531.9 million euros or 2.10 euros per share for the first quarter, wider than 415.8 million euros or 1.73 euros per share in the prior-year quarter.

Micron Stock’s AI Memory Run Sends It Into U.S. Market-Cap Elite TechStock²

(RTTNews) - Public Service Enterprise Group Inc (PEG) reported a profit for its first quarter that Increases, from the same period last year

Viatris ( VTRS ) declares $0.12/share quarterly dividend , in line with previous. Forward yield 3.16% Payable June 17; for shareholders of record May 22; ex-div May 22. See VTRS Dividend Scorecard, Yield Chart, & Dividend Growth. More on Viatris Viatris Inc. (VTRS) Discusses Long-Term Growth Outlook and Portfolio Strategy Across Generics, Established Brands and Innovative Medicines Transcript Viatris Inc. (VTRS) Discusses Long-Term Growth Outlook and Portfolio Strategy Across Generics, Established Brands and Innovative Medicines - Slideshow Viatris: Is It A Credible Turnaround Or Overly Optimistic 2030 Plan? Viatris CFO to depart; interim CFO named Insider trades: CrowdStrike, Palo Alto, Lululemon among notable names

(RTTNews) - Sunstone Hotel Investors Inc. (SHO) announced earnings for its first quarter that Increases, from last year

格隆汇5月5日｜高盛经济学家尼克拉斯·加纳德在一份报告中表示，瑞士央行将在可预见的未来继续将政策利率维持在0%。他表示，尽管核心通胀仍然温和，但整体通胀率目前略高于瑞士央行3月份的预测。4月份整体通胀率为0.6%，高于3月份的0.3%，而核心通胀率则从0.4%微降至0.3%。加纳德称：“根据我们目前的预测，尽管能源和大宗商品价格大幅上涨，但我们预计不会加息。”他表示，瑞士法郎的升值以及瑞士经济相对较低的能源密集度，应能减轻对消费者价格的影响。

Scorpio Tankers ( STNG ) declares $0.45/share quarterly dividend , in line with previous. Forward yield 2.16% Payable June 15; for shareholders of record May 29; ex-div May 29. See STNG Dividend Scorecard, Yield Chart, & Dividend Growth. More on Scorpio Tankers Scorpio Tankers - Looking Closer At 2026E Oil Transportation Scorpio Tankers Inc. (STNG) Q4 2025 Earnings Call Transcript Scorpio Tankers Inc. 2025 Q4 - Results - Earnings Call Presentation Scorpio Tankers Q1 2026 Earnings Preview Scorpio Tankers leads seven ocean transportation stocks with new Buy ratings at Jefferies

报告摘要 一、A股一季报：超预期或有报表调节的因素，更重要的是三张报表已经开启良性的正循环 整体趋势：年报偏弱、但一季报超预期。有部分Q4腾挪至Q1的影响，也有PPI上行周期的加持。整体而言，“高油价-PPI”对A股总量的业绩趋势是正贡献。 ROE趋势：正如年度策略判断，在经历了连续4年下滑后、26年首度抬升。虽然弹性不大，但背后的杜邦因子也转向积极：企业加杠杆、利润率企稳，而周转率还需要反内卷进一步加力、或收入更快增长。 现金流：迈过24年困局，25年企稳恢复，26年延续改善。 现金流的改善带动了企业经营的正向循环 ：经营现金流恢复→企业开始补库→资本开支抬升，与此同时，企业减缓了缩表和偿债。 关于年报、一季报的深度解读，欢迎参考我们后续的深度报告。 二、中期逻辑：四月决断后，结构比仓位重要，继续布局高景气线索 趋势上，“四月决断”后，展望未来一个季度： ①结构比仓位重要： 5-7月，板块分化有望继续加剧。 ②分化加剧背后，基本面依然是重要定价线索： 4-10月一季报与中报窗口期，业绩好的板块更容易持续印证、走出趋势行情。 ③回到当下，年报与一季报指向的线索，AI与新能源产业链依然是最强的Beta；除此之外，对美出口链的困境反转也值得重点关注。 AI产业链： 最景气的产业，基本全产业链供需双旺。 储能产业链： 像去年的风电，需求β起来后，各产业链反转顺畅，今年值得重点关注。 出口产业链： Q1汇兑及高基数影响大，靴子落地，后续关键看需求侧。 三、短线交易：高景气板块交易风险并未过热，过热调整可能是布局机会 尽管趋势项指向高景气板块，但市场依然担心波动。我们认为： ①时代变了，拥挤度和集中度指标应避免刻舟求剑； （详见此前报告：《【广发策略】时代变了：拥挤度和集中度指标应避免刻舟求剑》） ②即便从市场短线情绪指标来看，当前高景气板块交易风险也未到极致。 从创业板、科创板两个短线情绪指标看，当前科技成长板块的风险偏好明显回暖，创业板、科创板情绪水位分别处在过去半年的72.8%、73.9%历史分位，尚未到达过热区间。 如果五一假期后的1-2周，科技成长板块继续保持高斜率上涨，那么短线以双创为代表的板块情绪可能会进入过热区间，彼时刚好也是特朗普访华的事件节点，部分资金兑现行为可能会加剧市场波动。 但对于这种波动也无需担心，高波动并不会改变景气趋势，从“看长做长”的思路出发...

格隆汇5月5日｜伊朗司法总监：任何扰乱霍尔木兹海峡航道的行为，都将遭到伊朗武装力量的坚决回击。

In the last week, the United States market has stayed flat, yet over the past 12 months, it has experienced a notable rise of 28%, with earnings forecasted to grow by 16% annually. In this environment, companies that not only demonstrate strong growth potential but also have significant insider ownership can be particularly appealing to investors seeking alignment between management and shareholder interests.

Getty Images Generally speaking, I do not really care for furniture companies and enterprises similar to those. This is because this is a highly competitive market with low margins. You also have to deal with potential weakness caused by weakening economic conditions. But every so often, I will find a prospect in this space that just makes sense to me. And in February of last year, I did just that when it came to Arhaus ( ARHS ). Prior to that point, I had been neutral on the business, calling it a 'hold' candidate. But because of improved fundamentals, I argued that upgrading it to a soft 'buy' made sense. Since then, however, we have seen some weakness, with shares falling 19.3% while the S&P 500 is up 5.4%. Even though revenue continues to expand, bottom-line performance did show contraction in the most recent quarter. But this year, management expects that picture to change. In addition to anticipating revenue growth, the company believes that profitability will rise as well. And when you consider the strong balance sheet that the company has and how cheap it is on both an absolute basis and relative to other similar firms, it just makes sense to take a more bullish stance on it at this time. This does not mean that my opinion on the matter cannot or will not change as new data becomes available. It just so happens that, on May 7th, management will be announcing financial results for the first quarter of the company's 2026 fiscal year . As we approach that date, analysts believe that revenue will increase. But they are currently forecasting a modest decline in profitability. This could very well come to pass. But so long as management does not deviate materially from their guidance for 2026, I believe that maintaining it as a 'buy' makes sense here. I'm still comfortable with Arhaus From an operational standpoint, Arhaus is a rather simple company. Management describes it as a premium home furnishings brand that employs a vertically integrated model whereby it n...

格隆汇5月5日｜谷歌、微软与美国联邦人工智能中心达成协议。

Compass Therapeutics press release ( CMPX ): Q1 GAAP EPS of -$0.10 in-line. As of March 31, 2026, cash and marketable securities were $195 million as compared to $209 million as of December 31, 2025, a decrease of $14 million, with an anticipated cash runway into 2028. During the first quarter of 2026, $18 million of net cash was used in operating activities, and this was partially offset by proceeds from exercise of common stock of $4 million. More on Compass Therapeutics Compass Therapeutics, Inc. (CMPX) Discusses Positive Secondary Endpoint Results From COMPANION-002 Study in Advanced Biliary Tract Cancer Transcript Compass Therapeutics: Potential Here, But Patience Required Compass Therapeutics plunges on tovecimig missing overall survival endpoint Compass Therapeutics GAAP EPS of -$0.09 Seeking Alpha’s Quant Rating on Compass Therapeutics

Surgery Partners press release ( SGRY ): Q1 GAAP EPS of -$0.28 in-line. Revenue of $810.9M (+4.5% Y/Y) beats by $12.97M . Same-facility revenues increased 4.4% for the first quarter Same-facility cases increased 0.6% for the first quarter Net loss attributable to Surgery Partners, Inc. was $35.9 million for the first quarter Adjusted EBITDA was $102.3 million for the first quarter 2026 Guidance Full year 2026 revenue guidance reaffirmed to be in the range of $3.35 billion to $3.45 billion and Adjusted EBITDA of at least $530 million More on Surgery Partners Surgery Partners, Inc. (SGRY) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Surgery Partners' Plunge Offers An Opportunity For Upside (Rating Upgrade) Surgery Partners, Inc. (SGRY) Q4 2025 Earnings Call Transcript Surgery Partners Q1 2026 Earnings Preview Activist Ortelius pushes for board changes, asset sales at Surgery Partners

专题：聚焦美股2026年第一季度财报 一季度营收大增后，该行预计全年净利润至少达 128.6 亿美元 米兰裕信银行总部。该行一季度营收增速超出市场预期。 内容概要 在筹划收购德国商业银行的背景下，裕信银行上调全年利润预期至至少 110 亿欧元，并公布一季度业绩大增。 意大利裕信银行（UCG，涨幅 5.54%）上调全年盈利展望、一季度利润同比走高，同时正筹备对 德国商业银行 发起收购要约。 该行于周二表示，自身转型计划开局进展良好，支撑全年盈利预期上调。 目前预计全年 净利润不低于 110 亿欧元 （折合 128.6 亿美元），此前预期约为 110 亿欧元。 裕信银行称，仍坚持 独立发展战略路径 ，收购德国商业银行属于在原有基础上的增量布局，无论最终并购成败，都不会改变自身基本经营规划。 这家意大利银行已与德国商业银行陷入长期僵局：裕信已成为德商行最大股东，并推动与其旗下德国子公司 裕宝银行 深化业务合作。 裕信银行首席执行官安德烈亚・奥塞尔为打破僵局，提出全盘收购德国商业银行的方案，但遭到德国政府官员及工会的强烈反对。德国商业银行也表态认为 暂无并购交易基础 。 裕信银行表示，无论此次收购能否取得控股权，自身独立发展前景都将进一步向好。 裕信一季度净利润达 32.2 亿欧元 ，同比增长 16%，远超分析师 27 亿欧元的市场预期中值。 一季度营收同比增长 4.9%，至 68.7 亿欧元 ；手续费及保险业务收入，弥补了 净利息收入 的下滑（净利息收入为银行利息收入与利息支出的差额）。分析师预期中值为 64.2 亿欧元。 奥塞尔表示，裕信本季度多项核心财务指标均创下 历史最佳季度业绩 。 欧洲早盘交易时段，该行股价上涨 3.1%。 责任编辑：郭明煜

Beyond the Horizon/E+ via Getty Images Co-authored with Hidden Opportunities If you’ve ever prepared for trips, you understand the importance of proper planning. You can’t just show up for a camping trip. It is important to pack your gear carefully. You need to plan for the terrain, the weather, the number of days you’ll be out, and what you’ll need to stay comfortable. And importantly, what you pack depends on the weather conditions. A winter trip demands something very different from a beach vacation. Similarly, before a long flight, you make sure you have your documents, keep a charged battery pack, headphones, and maybe a neck pillow. The planning becomes more comprehensive when you travel with little kids – strollers, entertainment, snacks, change of clothes, etc. If you forget something essential, the experience quickly turns stressful. You bring what you need to make your journey more comfortable. Most importantly, you prepare not just for the destination but for a comfortable experience along the way. Retirement is no different. It’s not just about reaching some destination but ensuring the journey is sustainable, enjoyable, comfortable, and aligned with your needs. After all, it is a 30-40 year journey (or longer), and it requires thorough preparation. You need to choose the right gear based on both your personal (and family) lifestyle requirements and the economic environment you are retiring in. Today, that environment is presenting a compelling opportunity. Certain income-producing assets, particularly BDCs (business development companies) and preferred securities, are trading at attractive valuations. In other words, the gear you need for retirement is available at a discount. Both sectors are time-tested to deliver consistent income for shareholders through crises. If I were retiring today, I would focus on building a reliable income stream from assets that are both proven and, importantly, currently mispriced. Let’s take a closer look at two such inco...

JHVEPhoto/iStock Editorial via Getty Images Fiserv ( FISV ) stock was trading lower as the payment company's first-quarter revenue fell short of expectations. Both the Merchant Solutions and Financial Solutions segments failed to impress investors with financial results. The first quarter of 2026 marks the second consecutive quarter of disappointing earnings since the company's reset announced in October , when it shook up its leadership, slashed its 2025 guidance, and started a new action plan. Shares were 6.43% down at $58.77 during pre-market trading on Tuesday after the Milwaukee, Wisconsin-based company released its earnings statement. Adjusted earnings per share came in at $1.79 during the quarter, down 16% year-over-year and above the Visible Alpha consensus of $1.59. Revenue stood at $5.03B, a decrease of 2% compared to the first quarter of 2025 and below the consensus of $5.08B. Segment-wise, the Merchant Solutions unit delivered a flat revenue year-over-year of $2.37B, below the consensus of $2.43B. Financial Solutions saw its revenue fall to $2.30B from $2.42B a year ago, in line with the consensus of $2.30B. Expenses stood at $4.11B, up from $3.74B a year ago and above the average analyst estimate of $4.05B. For the full year 2026, Fiserv continues to expect adjusted earnings per share of $8.00 to $8.30, above the $8.11 consensus at the midpoint. Earnings call is scheduled for 7 AM CT today. More on Fiserv Fiserv: New Management, New Markets, New Hope Fiserv: Deeply Undervalued, But Don't Expect A Sharp Rebound Fiserv, Inc. (FISV) Presents at Wells Fargo Payments/Fintech Symposium 2026 Transcript Fiserv Q1 2026 Earnings Preview CPI Card, Fiserv form an alliance to modernize payment card issuance

Key PointsThe crypto bear market is causing many investors to question why they ever invested in crypto.

(RTTNews) - Cummins Inc. (CMI) revealed earnings for first quarter that Dropped, from the same period last year

从一季报来看，券商“看天吃饭”的属性继续凸显。今年前3月，市场延续震荡调整，沪指当季累计下跌1.94%。在此背景下，部分券商今年一季度收入和利润大幅下滑，给出的理由多是投资收益减少，从而影响营收。 上市券商全部“交卷”，去年和今年一季度业绩情况也随之揭晓。 2025年A股市场整体震荡上行，股权融资显著回暖，带动券商业绩高增。据Wind数据，去年全年，43家上市券商悉数实现盈利，超九成机构增收增利，自营、经纪业务成为拉动营收的重要引擎。同时，8家头部券商当期归母净利润超过百亿元。 不过，从一季报来看，券商“看天吃饭”的属性继续凸显。今年前3月，市场延续震荡调整，沪指当季累计下跌1.94%。在此背景下，部分券商今年一季度收入和利润大幅下滑，给出的理由多是投资收益减少，从而影响营收。 百亿券商队伍扩容 A股市场在2025年表现活跃，去年全年上证指数累计上涨18.41%，深成指和创业板指分别上涨近三成和五成。 在此背景下，证券业收获业绩高增长，百亿券商队伍也迎来扩容。 去年全年，43家上市券商中，16家券商营收超百亿，占比近四成，8家券商当期归母净利润超百亿，数量较2024年同期（5家）进一步增加。 从行业排名来看，龙头券商地位依旧稳固。中信证券继续稳坐“一哥”宝座，去年实现营收748.54亿元、归母净利润300.76亿元，两项指标双双领跑。紧随其后的国泰海通，当期实现了631.07亿元营收、278.09亿元归母净利润。 除了这两家之外，去年归母净利润超100亿的上市券商还有6家，为华泰证券（163.83亿元）、广发证券（137.02亿元）、中国银河（125.2亿元）、招商证券（123.5亿元）、国信证券（110.73亿元）和申万宏源证券（103.63亿元）。 此外，一批大中型券商去年营收规模超过百亿元，涉及东方证券、兴业证券、中泰证券、方正证券等；营收规模在50亿元至100亿元区间的则有东吴证券、浙商证券、国联民生等。 龙头券商凭借什么赚得“盆满钵满”？从主业表现来看，受行情带动，券商经纪、自营业务收入高增长，成为拉动业绩增长的主要动力。而投行业务向来是龙头券商的优势阵地，部分券商该业务收入大增超七成。 以中信证券为例，去年该公司的748.54亿元总营收中，证券投资业务和经纪业务收入合计达483.92亿元，累计占到全部营收的六成以上。 国泰海通也是如此，其财富管理、机构及...

Cummins press release ( CMI ): Q1 GAAP EPS of $4.71 misses by $0.84 . Revenue of $8.4B (+2.8% Y/Y) beats by $30M . EBITDA in the first quarter was $1.3 billion, or 15.4% of sales, compared to $1.5 billion, or 17.9% of sales, a year ago. EBITDA for the first quarter of 2026 included the charges noted above. 2026 Outlook: Based on its current forecast, Cummins is raising its full-year 2026 revenue guidance to be up 8% to 11% (prior to increase 3% to 8%) vs. estimated growth of 6.40% Y/Y , due to stronger demand across several markets, particularly North America on-highway and power generation. EBITDA is expected to be in the range of 17.75% to 18.50%, up from our prior guidance of 17.0% to 18.0%, excluding the charges related to the sale of the fuel cell business in the first quarter. Cummins plans to continue generating strong operating cash flow and returns for shareholders and is committed to our long-term strategic goal of returning 50% of operating cash flow back to shareholders. More on Cummins Cummins: Earnings Beat On The Way Cummins: Running On All Engines, But Valuation Makes It A 'Hold' Cummins: A Return To Growth Solidifies The Bull Case Cummins Q1 2026 Earnings Preview Earnings Scorecard: 29 of 32 industrial companies beat EPS estimates this week

Sphere Entertainment press release ( SPHR ): Q1 GAAP EPS of -$0.04 beats by $0.45 . Revenue of $386.4M (+37.7% Y/Y) beats by $18.26M . More on Sphere Entertainment Sphere Entertainment: It Isn't Too Late To Buy Sphere Entertainment Co. (SPHR) Q4 2025 Earnings Call Transcript Sphere Entertainment Q1 2026 Earnings Preview Sphere Entertainment tops communications services stocks in short interest; Alphabet sees the lowest exposure Seeking Alpha’s Quant Rating on Sphere Entertainment

DigitalOcean ( DOCN ) shares surged more than 10% in premarket trading on Tuesday after the cloud technology company raised its full-year guidance and reported better-than-expected first-quarter results. For fiscal 2026, DigitalOcean now expects sales to be between $1.13B and $1.145B, up from a prior outlook of $1.08B to $1.11B, and above the $1.11B estimate. Adjusted earnings are expected to be between $1.10 and $1.20 per share, well above the $1.03 analysts were expecting. Looking to the second quarter, the Broomfield, Co.-based company expects adjusted earnings to be between $0.20 and $0.23 per share, below the $0.24 per share estimate. However, sales are expected to be between $272M and $274M, above the $260.95M analysts had forecast. The stronger-than-expected guidance comes after DigitalOcean offered up results for the period ending March 31. The company earned an adjusted $0.44 per share, as revenue rose 22.4% year-over-year to $257.91M. AI customer annual recurring revenue was $170M, up 221% year-over-year, while total annual recurring revenue through the end of the quarter was $1.032B, up 22% year-over-year. “The Inference and agentic era needs its own cloud. DigitalOcean built it, and our record Q1 results demonstrate the strength of our platform,” said Paddy Srinivasan, CEO of DigitalOcean, in a statement . “We drove 22% top-line growth with our Million+ Dollar Customer ARR growing 179% and our AI Customer ARR growing 221%, and we exceeded our revenue and profitability guidance. We launched the DigitalOcean AI-Native Cloud - the first cloud built end-to-end for the inference and agentic era - with more than 15 new product releases across five fully integrated layers, further differentiating us from bare-metal focused neo-clouds and inference wrappers that lack cloud platforms. We continue to invest in what we believe is a generational market opportunity, adding approximately 60 MW of incremental committed data center capacity that will come online through...

The Frenchman believes the rule change will make the game more open and exciting. If it succeeds in the Canadian Premier League it could go global When Alejandro Díaz scored, he did not realize he was making history. It was only hours after his club’s 2-2 draw with the Halifax Wanderers – a hard-fought match in which the Pacific FC striker grabbed the opener with a left-footed volley – that he learned that he had become the first professional player to score as a result of the so-called daylight offside rule. Continue reading...

Meta Platforms is bringing social media into a new era with artificial intelligence.

Key PointsMeta Platforms is the parent company of social media applications like Facebook, Instagram, and WhatsApp.

格隆汇5月5日｜据一财，第139届广交会今日落幕。从广交会获悉，截至5月4日，来自220个国家和地区的31.4万名境外采购商到会，较第138届增长1.1%。407家头部采购企业、154家境外工商机构组团参会。

Highland Capital Management LLC Raises Holdings in Tesla, Inc. $TSLA MarketBeat

Morsa Images/DigitalVision via Getty Images Overview When I previously covered the Western Asset Diversified Income Fund ( WDI ), I issued a hold rating due to the limited growth potential as a result of higher interest rates. Since then, the interest rate environment has shifted, and WDI released an updated annual report. Therefore, I wanted to revisit the fund to reassess its performance, value proposition, risks, and outlook for the remainder of the year. At the time of my last coverage, WDI traded near its fair value. This meant that the fund traded at neither a discount nor a premium to NAV. Following the slight pullback in share price over the last few months, WDI now trades at a small discount to NAV of 1.95%. Referring to the red line on the graph below, we can see that WDI continues to trade at the higher end of its historical price-to-NAV range. This can make valuation a bit tricky because while most of us would love to initiate a position at a larger discount, the current valuation can be a reflection of the fund's strength. CEF Data The fund now offers a starting dividend yield of about 12.6% while issuing those payouts on a monthly basis. However, the latest annual report indicates that WDI is still struggling to produce sufficient earnings to support those distributions. Therefore, the fund's underlying NAV is likely to suffer some erosion over the next twelve months unless interest rates are substantially reduced at some point. This makes it a bit more challenging to recommend a position in WDI for investors seeking a reliable source of income generation within their portfolio. Fund Strategy According to the latest fund overview , WDI has total net assets of $733.5M that are spread across a diverse range of income-producing securities. The primary objective is to produce a high current income and achieve some capital appreciation. Unlike traditional equities, the fund's success isn't tied to the earnings growth of its holdings. Instead, WDI is reliant...