Earnings Call Insights: Unisys (UIS) Q1 2026 Management View CEO Michael Thomson said the company was “off to a good start in 2026,” adding that “both growth and profitability were modestly ahead of the expectations we provided, keeping us on track to achieve our full year guidance ranges.” CEO Thomson highlighted demand signals and execution themes, saying, “Strong new business signings improved ...
Earnings Call Insights: Unisys (UIS) Q1 2026 Management View CEO Michael Thomson said the company was “off to a good start in 2026,” adding that “both growth and profitability were modestly ahead of the expectations we provided, keeping us on track to achieve our full year guidance ranges.” CEO Thomson highlighted demand signals and execution themes, saying, “Strong new business signings improved our trailing 12-month book-to-bill ratios and will contribute to in-year revenue,” while noting “geopolitical events have introduced new uncertainties in the market” but “client budget seems to be loosening a bit and especially in the commercial sector and in Europe.” CEO Thomson described mix and pricing dynamics tied to AI, saying a “modest pickup in the PC refresh cycle” helped volumes, while “modest price pressures” were created “through sharing AI cost savings with clients,” and “they're benefiting gross margins.” Executive VP & CFO Debra McCann said, “first quarter revenue was $438 million, up 1.3% year-over-year,” and added that in constant currency, “revenue declined 4.5%.” CFO McCann attributed margin improvement to delivery changes, saying, “Improvement was primarily driven by expanded use of intelligent automation and ongoing workforce optimization.” Outlook CFO Debra McCann reaffirmed the full-year framework, stating, “We are reaffirming our full year guidance range,” including “total company revenue to decline between 6.5% and 4.5% in constant currency,” “full year L&S revenue of $415 million,” and “full year non-GAAP operating profit margin of 9% to 11%.” CFO McCann provided Q2 targets, saying, “we expect approximately $450 million of total company revenue on a reported basis,” assuming “approximately $70 million of license and support revenue,” and “second quarter non-GAAP operating margin of approximately 5%.” CEO Michael Thomson addressed why guidance stayed reaffirmed after Q1 execution, saying, “we feel good about Q1,” but “I wouldn't consider one quarter...
‘I crossed the line’ says 34-year-old Brazil forward Neymar hugs teenage teammate after Santos goal Neymar has publicly apologised to his Santos teammate, Robinho Júnior, for slapping him during a training session, as the pair appeared to put the dispute behind them during a game on Tuesday. Santos said they had opened an investigation earlier in the week following the altercation between Neymar a...
‘I crossed the line’ says 34-year-old Brazil forward Neymar hugs teenage teammate after Santos goal Neymar has publicly apologised to his Santos teammate, Robinho Júnior, for slapping him during a training session, as the pair appeared to put the dispute behind them during a game on Tuesday. Santos said they had opened an investigation earlier in the week following the altercation between Neymar and the 18-year-old son of Robinho, the former Real Madrid and Manchester City striker. Continue reading...
Earnings Call Insights: Kennametal (KMT) Q3 fiscal 2026 Management View "Our global commercial teams continued to advance our strategic growth initiatives" (President, CEO & Director Sanjay Chowbey), highlighting Infrastructure growth, construction volume gains tied to being a "secure source of tungsten in a tight supply environment," and "large orders in our defense business" that he said further...
Earnings Call Insights: Kennametal (KMT) Q3 fiscal 2026 Management View "Our global commercial teams continued to advance our strategic growth initiatives" (President, CEO & Director Sanjay Chowbey), highlighting Infrastructure growth, construction volume gains tied to being a "secure source of tungsten in a tight supply environment," and "large orders in our defense business" that he said further secure growth heading into fiscal ’27. Chowbey said tungsten prices "rising from approximately $900 per metric ton to $3,000" created both "challenges and opportunities," and that the company will "continue to implement pricing actions" and is "confident in our ability to secure that price" while managing working-capital implications. Chowbey said the company is "prioritizing our time and attention on growth opportunities over restructuring initiatives in the near term" and is "shifting the time line for facility closure actions" previously planned to complete in fiscal ’27, while still targeting "approximately $110 million" of cost-takeout savings by end of fiscal ’27. "We now expect FY '26 sales to be between $2.33 billion and $2.35 billion" (VP of Finance & CFO Patrick Watson), and "we now expect adjusted EPS in the range of $3.75 to $4" (VP of Finance & CFO Watson). Outlook The company raised fiscal ’26 guidance: sales to $2.33B-$2.35B and adjusted EPS to $3.75-$4.00 (VP of Finance & CFO Watson). Watson said the updated outlook assumes volume of 2%-3%, "net price and tariff surcharge combined of approximately 16%," and "an approximate 2% tailwind from foreign exchange," with Q4 net price and tariff surcharges combined of "approximately 35%" year-over-year. Watson said the adjusted EPS outlook "includes approximately $2.45 related to the timing of price raw benefit due to the rise in tungsten prices," adding that this effect "increased $1.50 from the prior outlook." For early fiscal ’27 framing, Watson said the company’s "current assumption is that tungsten prices will ...
Shutthiphong Chandaeng/iStock via Getty Images The AI ( AIQ ) infrastructure buildout continues at a robust pace, though some recent strength in technology and semiconductor orders may reflect more than just genuine demand growth, according to market strategist Peter Boockvar. In a post on X Wednesday, Boockvar, the chief investment officer at One Point BFG Wealth Partners, noted that customers ap...
Shutthiphong Chandaeng/iStock via Getty Images The AI ( AIQ ) infrastructure buildout continues at a robust pace, though some recent strength in technology and semiconductor orders may reflect more than just genuine demand growth, according to market strategist Peter Boockvar. In a post on X Wednesday, Boockvar, the chief investment officer at One Point BFG Wealth Partners, noted that customers appear to be rushing orders to get ahead of anticipated price increases and potential supply chain disruptions—a dynamic he said is showing up broadly in manufacturing PMIs and now in semiconductor ( SMH ) demand as well. He pointed to CDW’s ( CDW ) earnings call as supporting evidence. The company attributed its first-quarter results to “strong underlying demand as well as customer urgency to get ahead of memory related price increases and potential supply chain concerns.” For investors trying to gauge the durability of the AI spending boom, Boockvar’s observation presents a complication in that both real infrastructure demand and temporary inventory stockpiling may be occurring simultaneously, making it harder to distinguish sustainable growth from short-term pull-forward effects. More on VanEck Semiconductor ETF, Philadelphia Semiconductor Index A Subtle Change Took Place For The Capex Story Magnificent Earnings May Not Last Nasdaq 100: AI Bubble Fears Overblown, Bullish Trend Intact Above 26,760 Key Intraday Support Semiconductor rally may face pullback as software shows signs of life - Fairlead’s Stockton Chip stocks post best 25-day stretch since 2000, and these 10 names are standing out
While money markets and certificates of deposit are still producing solid yields, sitting in too much cash could be costing investors money. Investors have piled into cash equivalent assets in recent years — and they have stayed despite the central bank's decision to cut the federal funds rate three times last year. The Fed's last decrease was in December and it's now on hold as it watches economi...
While money markets and certificates of deposit are still producing solid yields, sitting in too much cash could be costing investors money. Investors have piled into cash equivalent assets in recent years — and they have stayed despite the central bank's decision to cut the federal funds rate three times last year. The Fed's last decrease was in December and it's now on hold as it watches economic data and the impact of the Iran war. "In an environment where cash has grown both tactically and structurally, the opportunity cost of remaining sidelined could be rising," BlackRock warned in a report last week. Money market fund assets were at $7.63 trillion as of the week ended April 29, according to the Investment Company Institute . In prior rate-cutting cycles, the one-year average return on cash after cuts began following a pause of three months or longer was about 2.8%, a BlackRock analysis showed. The firm used the Bloomberg US T-Bills 1-3 Month Index to represent cash. In contrast, bonds have historically delivered 7% to 9% over the same period, BlackRock noted. Even as recent events have made it difficult to predict how the Fed could proceed on rates – and a trio of central bank officials recently disagreed with hinting that the next move could be a cut – BlackRock is telling investors they should at least hedge their bets. "The consensus trade right now is very much settling in on higher for longer, even potentially pivoting to more of a restrictive mode in Fed policy," Stephen Laipply, global co-head of iShares Fixed Income ETFs, said in an interview with CNBC. "The risk there is that if things quickly resolve, albeit unexpectedly, in terms of the geopolitical risk... you may have a reversal on that," he added. "As usual, by the time you may want to act on that by extending duration, even if it's modest, rates could have already moved and repriced a different trajectory for Fed policy." Overall, the majority of traders are not pricing in a cut at all this yea...
Shares of Occidental Petroleum (NYSE: OXY) fell hard on Wednesday, down 6.7% as of 1:30 p.m. EDT. The U.S.-centric oil and gas major reported earnings last night that, at first glance, were solid. However, the more consequential factor in today's price action was a report that Iran is seriously considering a U.S. proposal to end the war and reopen the Strait of Hormuz. In the first quarter, Occide...
Shares of Occidental Petroleum (NYSE: OXY) fell hard on Wednesday, down 6.7% as of 1:30 p.m. EDT. The U.S.-centric oil and gas major reported earnings last night that, at first glance, were solid. However, the more consequential factor in today's price action was a report that Iran is seriously considering a U.S. proposal to end the war and reopen the Strait of Hormuz. In the first quarter, Occidental delivered "mixed" results, with revenue falling 8.4% to $5.23 billion, missing expectations. On the other hand, the company's adjusted (non-GAAP) profits of $1.06 far exceeded expectations, beating the $0.59 consensus by a wide margin. Continue reading
Robinhood CEO Vlad Tenev says more than 150,000 retail investors joined the fintech’s new venture fund, which offers exposure to private tech companies like OpenAI, Stripe, Databricks, and Oura before they go public.
Robinhood CEO Vlad Tenev says more than 150,000 retail investors joined the fintech’s new venture fund, which offers exposure to private tech companies like OpenAI, Stripe, Databricks, and Oura before they go public.
一级方程式赛车与Sky电视台宣布达成一项多年的续约协议，将双方在英国的独家转播合作延长至2034年，在意大利的独家转播合作延长至2032年。 根据新协议，Sky Sports将继续在英国和爱尔兰独家直播所有练习赛、排位赛、冲刺赛及正赛，并可通过NOW流媒体平台观看。英国车迷仍可通过免费频道收看英国大奖赛直播及每场比赛的集锦。在意大利，Sky Sport F1频道将直播全部赛事，TV8频道也将提供包...
(Bloomberg) -- CoreWeave Inc. racked up $19 billion of investor orders for a $3.1 billion loan backed by customer contracts for microchips, according to people familiar with the matter, the first of its kind to be broadly syndicated in the US leveraged loan market.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hi...
(Bloomberg) -- CoreWeave Inc. racked up $19 billion of investor orders for a $3.1 billion loan backed by customer contracts for microchips, according to people familiar with the matter, the first of its kind to be broadly syndicated in the US leveraged loan market.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Tr
Torsten Asmus/iStock via Getty Images The optics aren’t the best, but these "annual return" updates that run every few months can show how distorted long-term returns can get and where the value might be if readers want to look where the crowd isn’t. Emerging markets income is having a good run. There are good yields abroad, and with a weaker dollar and the EM central banks seemingly more willing ...
Torsten Asmus/iStock via Getty Images The optics aren’t the best, but these "annual return" updates that run every few months can show how distorted long-term returns can get and where the value might be if readers want to look where the crowd isn’t. Emerging markets income is having a good run. There are good yields abroad, and with a weaker dollar and the EM central banks seemingly more willing to reduce interest rates than the Fed, EM bond markets have put up some decent returns. Munis are starting to make a comeback. High-yield muni bond funds and ETFs typically have very long durations – much longer than corporate bond funds and ETFs – so be aware of that. But that long duration would be a plus if crude oil heads back down towards $60 per barrel, under a Kevin Warsh Fed. With the OBBB tax bill clearly putting a bid under the US economy, corporate bonds – even investment-grade corporate bond funds and ETFs – are a place to hide out until the end of 2026. Default rates for high-yield corporate credit remain at the 2.5-2.7% annual pace, so a high-yield ETF like the HYG (iShares High Yield Credit ETF) and the SHYG (iShares 0-5 yr High Yield Credit ETF) with SEC yields at 6.45% and 6.47% are a great place to “clip coupons,” as BlackRock’s Rick Rieder mentioned on his recent Thursday morning bond and market call (although not specifically about high-yield). Recession odds are very low here – have to think most sell-side economic models have less than a 20% probability over the next 12 months – so the TLT and Treasury returns don’t look great, but that will change. This blog has been a little too bullish duration over the last 18 months. Thought we’d see a fed funds rate closer to 3% by now. None of this is advice or a recommendation, but only an opinion. Past performance is no guarantee of future results. All return data cited above is from Morningstar. None of this information may be updated and if updated may not be done in a timely fashion. Thanks for reading. Ori...
Clean energy funds spent two years absorbing damage from rising rates, expiring incentives, and policy whiplash. The recovery now underway is showing up across the three largest thematic vehicles in the category: the iShares Global Clean Energy ETF (NASDAQ:ICLN), the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN), and the Invesco Solar ETF ... ICLN, QCLN, and TAN: Which Clean ...
Clean energy funds spent two years absorbing damage from rising rates, expiring incentives, and policy whiplash. The recovery now underway is showing up across the three largest thematic vehicles in the category: the iShares Global Clean Energy ETF (NASDAQ:ICLN), the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN), and the Invesco Solar ETF ... ICLN, QCLN, and TAN: Which Clean Energy ETF Fits Your Portfolio Right Now