pixinoo/iStock via Getty Images By Charlotte de Montpellier , Senior Economist, France and Switzerland PMIs are not always the most reliable leading indicators for the French economy, with INSEE’s business surveys generally providing a more representative picture as they better capture the relative weight of each sub-sector. Nevertheless, the signal from the May PMIs is strong enough to warrant at...
pixinoo/iStock via Getty Images By Charlotte de Montpellier , Senior Economist, France and Switzerland PMIs are not always the most reliable leading indicators for the French economy, with INSEE’s business surveys generally providing a more representative picture as they better capture the relative weight of each sub-sector. Nevertheless, the signal from the May PMIs is strong enough to warrant attention. In May, the composite index fell sharply to 43.5 from 47.6, its lowest level in five and a half years, driven by a marked deterioration in services (42.9 from 46.5 in April). After a temporary improvement in manufacturing, supported by inventory build-up, activity also weakened in this sector, with the PMI falling to 48.9 from 52.8. Companies in both sectors attribute the decline in activity to rising energy prices linked to the war in Iran. At the same time, inflationary pressures increased, with firms reporting strong cost increases and, to a lesser extent, higher selling prices. All in all, these figures are very weak and raise the likelihood of a contraction in French activity in the second quarter, following stagnation in the first. Household consumption, which already edged down in the first quarter (-0.1%), is likely to contract further, as indicated by declining demand in the services sector. Investment, already in negative territory (-0.4%), is also set to weaken further amid rising pessimism among households and businesses and higher long-term interest rates. Avoiding a contraction would require a strong positive contribution from exports. While this is possible in some specific sectors, current data suggests it is unlikely to be broad-based. We expect a mild contraction in GDP in the second quarter (-0.1% quarter-on-quarter), which would bring average growth for 2026 to, at best, 0.6%. In this context, the government’s 2026 growth forecast of 0.9% now appears out of reach, significantly complicating the fiscal adjustment. Achieving a public deficit of 5%...
Lightspeed Commerce press release ( LSPD ): Q4 Non-GAAP EPS of $0.08 misses by $0.04 . Revenue of $290.8M (+14.8% Y/Y) beats by $7.84M . Revenue grew 24% year-over-year, GTV grew 19% year-over-year and ~3,200 net Customer Locations added in the quarter Lightspeed's Board authorized renewal of normal course issuer bid for repurchase of up to ~10% of public float Transaction-based revenue of $185.3 ...
Lightspeed Commerce press release ( LSPD ): Q4 Non-GAAP EPS of $0.08 misses by $0.04 . Revenue of $290.8M (+14.8% Y/Y) beats by $7.84M . Revenue grew 24% year-over-year, GTV grew 19% year-over-year and ~3,200 net Customer Locations added in the quarter Lightspeed's Board authorized renewal of normal course issuer bid for repurchase of up to ~10% of public float Transaction-based revenue of $185.3 million, an increase of 17% year-over-year. Subscription revenue of $93.3 million, an increase of 6% year-over-year. Initial Updated to exclude Upserve FY28 Estimation5 FY25-28 CAGR5 FY28 Estimation5 FY25-28 CAGR5 Consolidated Gross profit ~$700M ~15-18% ~$665M-$685M Gross margin ~42-45% ~43-46% Adjusted EBITDA1 ~20% of gross profit1 ~35% ~20% of gross profit1 Adjusted Free Cash Flow1 ~$100M ~$95M Growth Engines (primarily retail customers in North America andhospitality customers in Europe ) Gross profit ~20-25% ~20-25% Net Customer Locations ~10-15% ~10-15% Click to enlarge More on Lightspeed Commerce Inc. Lightspeed Commerce Inc. (LSPD:CA) Discusses Divestiture of Upserve U.S. Hospitality Product Line and Strategic Refocus Transcript Lightspeed Grows Revenue, But Valuation Compression Worsens As Operating Losses Rise Lightspeed Commerce Q4 2026 Earnings Preview Lightspeed Commerce names Okta’s Bhawna Singh as CTO Historical earnings data for Lightspeed Commerce Inc.
Dmitriy83/iStock via Getty Images Before they made a major deal with Meta in January 2026, Corning Incorporated ( GLW ) had long been seen by investors through the old lens of a "steady, but slower-growth industrial materials company". While they were good at making specialty glass, display glass, Gorilla Glass for Apple Inc. ( AAPL ), and fiber, they weren’t exactly big winners when it came to gr...
Dmitriy83/iStock via Getty Images Before they made a major deal with Meta in January 2026, Corning Incorporated ( GLW ) had long been seen by investors through the old lens of a "steady, but slower-growth industrial materials company". While they were good at making specialty glass, display glass, Gorilla Glass for Apple Inc. ( AAPL ), and fiber, they weren’t exactly big winners when it came to growth. But that’s no longer the case, Corning is no longer just a legacy glass company and many investors now see the value behind what Corning has to offer. And I’m one of them! Stock Overview (Best Stocks Now App) Now, anyone that listens to my BestStocksNow podcast, or is a subscriber to my weekly newsletter will tell you, I love tech stocks! And some of my all time favorites are the “picks-and-shovels”, especially ones tied to optical communication like Corning. That’s because AI data centers are demanding better and faster communication for their data. In fact, Corning said in their annual report in 2025, that Optical Communications represented about 38% of total segment net sales for them, making it the company’s largest business by revenue share. 38%! That says a lot to me. Firstly, it tells me that leadership at Corning has some really great foresight! Before the deals they made with Meta Platforms, Inc. ( META ) and more recently NVIDIA Corporation ( NVDA ), Corning has been building around the optical demand tied to generative AI. In fact, they’ve been talking about it for several quarters now. In Q1 2025, the company said that enterprise sales grew a whopping 106% year over year in Optical Communications, then 81% year over year in Q2 2025. All due to the strong demand for generative AI products. And Corning was still delivering strong company-wide results by Q1 2026 based on the same theme! That consistency tells me the story is real and that Corning's foresight has more than paid off. Wendell Weeks, the CEO of Corning, and his team spent years building Corning a...
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +30.77%. A quarter ago, it was expected that this company would post earnin...
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +30.77%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.14, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Full Truck Alliance, which belongs to the Zacks Technology Services industry, posted revenues of $412.93 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.33%. This compares to year-ago revenues of $372.06 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Full Truck Alliance shares have lost about 21.2% since the beginning of the year versus the S&P 500's gain of 8.6%. What's Next for Full Truck Alliance? While Full Truck Alliance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessi...
Shares of Bristol Myers Squibb (BMY +0.39%) are trading in a manner that evokes little confidence in the company's future growth. The numbers suggest otherwise. At roughly 10 times forward earnings, the drug manufacturer's stock is the cheapest among its 11 peers in the S&P 500. The measly 8% stock returns this year so far have pushed the dividend yield above 4%, the second-highest in this cohort ...
Shares of Bristol Myers Squibb (BMY +0.39%) are trading in a manner that evokes little confidence in the company's future growth. The numbers suggest otherwise. At roughly 10 times forward earnings, the drug manufacturer's stock is the cheapest among its 11 peers in the S&P 500. The measly 8% stock returns this year so far have pushed the dividend yield above 4%, the second-highest in this cohort of pharmaceuticals, trailing only Pfizer. But here’s the kicker: at just 9.9 times trailing free cash flow (FCF), Bristol Myers Squibb is the third-cheapest of the 59 healthcare stocks in the S&P 500. That's an unusually low valuation for a pharmaceutical company expected to generate roughly $46 billion to $47.5 billion in revenue this year. Of course, it's not the numbers that concern the market. It's patent expirations. A business heading toward long-term decline? Major drugs, including Revlimid and eventually Eliquis, face increasing generic competition over the next several years. This has likely led investors to treat Bristol Myers Squibb as a business heading toward long-term revenue decline. But recent results show the company's newer products are already starting to offset those losses, or the fear of losses. In the first quarter of 2026, BMS generated $11.5 billion in revenue, up 3% year over year. The company's growth portfolio increased 12% to $6.2 billion and now accounts for more than half of total revenue. Several newer drugs are growing rapidly, including Breyanzi, whose revenue jumped 56% year over year; Camzyos, which has surged 97%; and Reblozyl, which has increased 16%. Meanwhile, Eliquis, the company's massive blood thinner franchise developed alongside Pfizer, continues performing quite well. It generated $4.14 billion in Q1 revenue alone, up 16% year over year. BMS recently projected that Eliquis revenue could still rise another 10% to 15% during 2026, despite pricing pressure tied to Medicare negotiations. An extra $2 billion The company is also becom...
violinconcertono3/iStock Editorial via Getty Images A Global Name in Banking Beats 3 Out of Last 4 Earnings Estimates Of the impressive results from bank earnings season recently, for today's article I picked Citigroup ( C ), who beat estimates by $0.47 when it reported Q1 earnings on Apr. 14th, giving it a beat in 3 of the last 4 quarters. Citi, a NYC iconic financial name who operates in segment...
violinconcertono3/iStock Editorial via Getty Images A Global Name in Banking Beats 3 Out of Last 4 Earnings Estimates Of the impressive results from bank earnings season recently, for today's article I picked Citigroup ( C ), who beat estimates by $0.47 when it reported Q1 earnings on Apr. 14th, giving it a beat in 3 of the last 4 quarters. Citi, a NYC iconic financial name who operates in segments such as services, markets, banking, U.S. personal banking, and wealth, also outperformed my hold rating in Dec. 2024 , its stock up around +70% since then. At the time, I liked their investment-grade rating and undervaluation but was concerned about its competitive positioning in the banking space, so today I'll be taking another look at Citi in the wake of its Q1 results and across 7 rating categories using fundamental and technical analysis. The Thesis is Overwhelmingly Bullish This Time In my updated thesis on Citi, I am actually upgrading to a buy this time, agreeing with the Wall St and SA analyst consensus as of May 21st, and my rating worksheet below shows that this stock wins the bullish case across all rating factors I considered: Citi - rating worksheet (author) Now, some may wonder why upgrade a bank stock after it is up over 70% since I called it a hold. Well, because I will show in today's article why there is still plenty of upside potential despite it being a more expensive stock now, and it is both a compelling dividend income idea and a growth idea. A Proven Top-Line Revenue Grower Over Time In this first section covering growth factors, I gave Citi a strong buy after considering tailwind from macro factors, organic growth in some of Citi's business segments, and the bank's proven and steady revenue growth trends. In thinking about what macro factors could impact this stock and its niche, I considered Citi's diversified portfolio of businesses and what grabs my attention, which I highlighted from their Q1 investor deck (pg. 4): Citi - portfolio (q1 invest...
Building on the success of the EY-Microsoft alliance, the organizations are jointly investing more than $1 billion in a new initiative to accelerate enterprise AI transformation Integrated team of EY practitioners and Microsoft “forward deployed engineers” will help clients deploy AI solutions in core business functions at scale As Client Zero, EY was one of the first organizations to adopt Micros...
Building on the success of the EY-Microsoft alliance, the organizations are jointly investing more than $1 billion in a new initiative to accelerate enterprise AI transformation Integrated team of EY practitioners and Microsoft “forward deployed engineers” will help clients deploy AI solutions in core business functions at scale As Client Zero, EY was one of the first organizations to adopt Microsoft 365 E7: The Frontier Suite, and is now scaling Copilot across its more than 400,000 people LONDON — May 21, 2026 — The EY organization and Microsoft Corp. on Thursday announced a significant evolution of their alliance, investing more than $1 billion over five years and launching a new initiative to help organizations as they scale AI and deliver measurable, enterprisewide outcomes at scale. The initiative brings together Microsoft’s Forward Deployed Engineers (FDE) and EY industry professionals to accelerate AI adoption across change management delivery models, powered by Microsoft’s FDE AI-native Hypervelocity Engineering approach. The initiative represents an important milestone in the long-standing EY-Microsoft alliance, demonstrating a shared commitment to client-centric AI-powered transformation across Tax, Assurance, Consulting and EY-Parthenon. Clients will be empowered to become Frontier Firms that scale and generate value, through workforce upskilling, embedded change management and continuous optimization of agentic AI transformation. EY and Microsoft will deploy integrated teams of engineers and business consultants aligned by industry. Together, they will co-develop and provide secure, industry-specific AI solutions focused on clients’ highest value business opportunities. Through this approach, organizations can accelerate AI adoption and continuously optimize operations to drive sustained business value. Janet Truncale, EY Global Chair and CEO, says, “Together with Microsoft, EY is supporting clients to unlock value through rapid deployment of AI at scale...
Bryan Bedder/Getty Images Entertainment In my last article on e.l.f. Beauty ( ELF ), which was after the Q3 earnings, I already saw value in the case ( check it here ). I reiterated my buy rating because the momentum seemed to be normalizing (with positive organic sales) and the margin of safety was already much better. But even though the backdrop seemed positive, the stock kept falling - and not...
Bryan Bedder/Getty Images Entertainment In my last article on e.l.f. Beauty ( ELF ), which was after the Q3 earnings, I already saw value in the case ( check it here ). I reiterated my buy rating because the momentum seemed to be normalizing (with positive organic sales) and the margin of safety was already much better. But even though the backdrop seemed positive, the stock kept falling - and not by a little. ELF stock fell ~34% since my last article. But now in the after-hours this is already changing, post-Q4 earnings the market reacted well, with the stock rising 4%. Q4 Earnings: A Mixed Quarter e.l.f. Beauty managed to deliver a double beat in Q4, beating EPS by $0.03 and beating revenue by $26.2 million. But I do not think it was a great quarter. Net sales increased 35%, but organic growth was only 1%. And well, this shows that Rhode's performance is very positive, and 1% organic growth is not exactly bad, it shows that e.l.f. is already close to an inflection point, which is why the expectation for fiscal year 2027 is mid single digits organic growth, a much healthier number that already allows for some compounding. However, in the breakdown, this 35% growth gives me mixed feelings. There was a positive impact of 40% from pricing and mix, while there was a lower volume, i.e., a decline of 5 percentage points in units. We also need to say that this good performance from Rhode ended up being a double edged sword this quarter. As Rhode managed to hit the targets and performed well, e.l.f. reported a “change in fair value of contingent consideration”, basically, an effect that negatively impacted net income by $57.6 million. e.l.f. Beauty earnings release The good part is that even in this more troubled context, gross margin increased. Yes, the gross margin - which was already excellent - became even better, reaching 73%, and e.l.f. attributed this effect to “pricing”. This shows that even while already positioning itself as an affordable brand, a market leader, ...
Walmart press release ( WMT ): Q1 Non-GAAP EPS of $0.66 in-line. Revenue of $177.75B (+7.3% Y/Y) beats by $2.91B . Global eCommerce sales grew 26%, led by storefulfilled pickup & delivery and marketplace• Global advertising business up 37%, with strength across segments. Walmart U.S. advertising up 36% Membership fee revenue grew 17.4% globally The Company’s second quarter fiscal 2027 guidance is ...
Walmart press release ( WMT ): Q1 Non-GAAP EPS of $0.66 in-line. Revenue of $177.75B (+7.3% Y/Y) beats by $2.91B . Global eCommerce sales grew 26%, led by storefulfilled pickup & delivery and marketplace• Global advertising business up 37%, with strength across segments. Walmart U.S. advertising up 36% Membership fee revenue grew 17.4% globally The Company’s second quarter fiscal 2027 guidance is based on the following Q2 FY26 figures: Net sales: $175.8 billion, adjusted operating income: $7.9 billion, and adjusted EPS1:$0.68 vs $0.75 consensus The Company’s fiscal year guidance is based on the following FY26 figures: Net sales: $706.4 billion, adjusted operating income $31.0 billion, and adjusted EPS $2.64 vs $2.92 consensus Shares +0.5% PM. More on Walmart Walmart Earnings Preview: Short-Term Gas Impact Vs. Longer-Term Advertising And Flywheel Trends Walmart: Get Out Before The Correction Walmart: Consolidation In Uptrend Means New Highs Likely (Technical Analysis) Walmart's guidance in focus during Q1 earnings Quant snapshot: Baozun, Sohu among top-rated names as Sol Strategies, Arqit Quantum lag
(RTTNews) - Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada. The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's independence and leadership on the global stage. Additionally, Telus intends to adva...
(RTTNews) - Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada. The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's independence and leadership on the global stage. Additionally, Telus intends to advance Canada's tech and AI sovereignty, pioneer environmental sustainability and economic prosperity, and foster healthy communities. In the pre-market hours, TU is trading at $12.39, down 0.28 percent on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sundry Photography/iStock Editorial via Getty Images Bloom Energy Corporation ( BE ) has jumped on more apparent customer contracts, but the stock hasn't eclipsed recent highs. The fuel cell company has seen the stock explode higher in the last year, leaving the stock valuation very stretched. My investment thesis is more Neutral on the stock after being bullish for 200% gains in months, warrantin...
Sundry Photography/iStock Editorial via Getty Images Bloom Energy Corporation ( BE ) has jumped on more apparent customer contracts, but the stock hasn't eclipsed recent highs. The fuel cell company has seen the stock explode higher in the last year, leaving the stock valuation very stretched. My investment thesis is more Neutral on the stock after being bullish for 200% gains in months, warranting a pause. Source: Finviz Nebius Deal As part of a 6-K, Nebius Holdings ( NBIS ) just released how the AI cloud company had singed a power deal with Bloom Energy back on May 14. Nebius is in a massive data center going through a major growth phase trying to go from connected power of up to 1 GW to end 2026 to at least 4 GW of contracted power . The filing suggests Nebius has contracted with Bloom to install, operate and maintain the power supply systems for $2.6 billion over 3 phases and a 10-year term. The guaranteed capacity of the agreement is ~250 MW with system installed capacity of ~328 MW. Bloom Energy already has a big deal with Oracle ( ORCL ), including the recently announced plans to completely fuel the 2.45 GW of power at the Project Jupiter AI data center campus in New Mexico. The fuel cell company working with Nebius is no shock and this contract could easily lead to additional power supply agreements with Nebius. The company had released a report supporting data centers aggressively moving towards providing external sources of power. The power grid can't keep up with data center demand and Bloom Energy fuel cells offer a solution. The company outlined how the last Oracle order was met within 55 days. The company conducted a survey where 33% of data centers expect to operate with 100% power generation onsite by 2030. The amount jumps to 44% in 2035, or nearly half of all data center power covered onsite via solutions such as the Bloom Box solution. Source: Bloom Energy Q1'26 presentation Guiding Up Bloom Energy recently reported Q1'26 results smashed estimates...
(RTTNews) - Shoe Carnival, Inc. (SCVL), a footwear and accessories company, on Thursday posted a net loss for the first quarter of fiscal 2026 with a drop in sales. In addition, the company has reaffirmed annual guidance. For the three-month period to May 2, the company posted a net loss of $5.628 million, compared with a profit of $9.343 million in the same period last year. Net loss per share st...
(RTTNews) - Shoe Carnival, Inc. (SCVL), a footwear and accessories company, on Thursday posted a net loss for the first quarter of fiscal 2026 with a drop in sales. In addition, the company has reaffirmed annual guidance. For the three-month period to May 2, the company posted a net loss of $5.628 million, compared with a profit of $9.343 million in the same period last year. Net loss per share stood at $0.21 as against a profit of $0.34 per share a year ago. Excluding items, profit was $0.23 per share, less than a profit of $0.34 per share, in the previous year. This year's adjusted profit excludes charges associated with the previously announced chief executive officer transition and the completion of a strategic review of the company's rebanner program. Adjusted profit was $6.2 million, compared with earnings of $9.3 million a year ago. Operating loss was $6.037 million, compared with a profit of $11.965 million last year, hurt by the selling, general, and administrative expenses of $96.138 million, compared with expenses of $83.812 million in the previous year. Sales stood at $270.730 million, less than $277.715 million a year ago. Looking ahead, for fiscal 2026, Shoe Carnival still expects adjusted income of $1.40 to $1.60 per share, on sales of $1.125 billion to $1.147 billion. For fiscal 2025, the company had posted sales of $1.135 billion. SCVL was up by 2.03% at $16.09 in the pre-market trade on the Nasdaq. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.