Lebazele/iStock via Getty Images Compass Minerals ( CMP ) up 0.4% in Thursday's trading as J.P. Morgan upgraded shares to Neutral from Underweight with a $30 price target, raised from $20, saying North America's second-largest producer of salt is in a multiyear process of re-establishing itself as a reliable generator of free cash. JPM's Jeffrey Zekauskas said Compass ( CMP ) right-sized its inven...
Lebazele/iStock via Getty Images Compass Minerals ( CMP ) up 0.4% in Thursday's trading as J.P. Morgan upgraded shares to Neutral from Underweight with a $30 price target, raised from $20, saying North America's second-largest producer of salt is in a multiyear process of re-establishing itself as a reliable generator of free cash. JPM's Jeffrey Zekauskas said Compass ( CMP ) right-sized its inventory and reduced its net leverage in 2025 and revised its forecasting methodology for its salt volumes while aligning its production, sales, and inventory processes for a more conservative idea of what a "normal" winter season may bring; the result may be more predictable cash generation at the cost of some upside in a very snowy winter, the analyst said. Zekauskas believes the stock's multiple premium, which has been eroded by a longer-term weakening of road salt demand due to warmer weather in North America, operating challenges in its sulfate of potash business in Utah, and frustrated growth initiatives, is beginning to recover, and leverage is moving lower as Compass ( CMP ) executes on improving its operations and working capital management. More on Compass Minerals Compass Minerals Q2 2026 Earnings Call Transcript Compass Minerals: Pittsburgh's Ice Reveals The Value Chain Seeking Alpha’s Quant Rating on Compass Minerals
派息方案与关键日期 西方资产市政高收益基金（Western Asset Municipal High Income Fund）近日宣布，将维持每月每股0.034美元的派息方案，与前次配息水平保持一致。根据本次公告的派息金额与当前股价估算，该基金的预估年化收益率约为5.9%。 本次派息的股权登记日为2026年5月21日，除息日为同一天，派息日为2026年5月29日。这意味着在5月21日除权日前一天结...
派息方案与关键日期 西方资产市政高收益基金（Western Asset Municipal High Income Fund）近日宣布，将维持每月每股0.034美元的派息方案，与前次配息水平保持一致。根据本次公告的派息金额与当前股价估算，该基金的预估年化收益率约为5.9%。 本次派息的股权登记日为2026年5月21日，除息日为同一天，派息日为2026年5月29日。这意味着在5月21日除权日前一天结算时持有该基金的投资者，将有权参与此次派息。 稳定的月度派息记录 该基金为月配息型产品，近一年来持续维持每股0.034美元的月度派息水平。历史数据显示，基金在2026年3月和4月同样派发了每股0.034美元的股息，显示出收益分配政策上的稳定性和延续性。 基金投资策略 西方资产市政高收益基金是一只多元化的封闭式管理投资公司，主要投资于美国各州及地方政府发行的中长期市政债券。该基金的投资目标是为投资者寻求免缴联邦所得税的高流动性收入，适合有税务规划需求且追求固定收益的投资者。基金由西方资产管理公司管理，采用自上而下的宏观经济分析与自下而上的信用研究相结合的投资方法。 责任编辑：张俊 SF065
Wachiwit Evercore ISI backed up its bullish view on Netflix ( NFLX ) after taking in the streaming giant's Upfront presentation this week. Analyst Mark Mahaney and his team said they're focusing on the “five mores” that were announced in the form of more users, more ad surfaces, more countries, more NFL, and more content. Specifically, Netflix ( NFLX ) disclosed 250M monthly average viewers, two n...
Wachiwit Evercore ISI backed up its bullish view on Netflix ( NFLX ) after taking in the streaming giant's Upfront presentation this week. Analyst Mark Mahaney and his team said they're focusing on the “five mores” that were announced in the form of more users, more ad surfaces, more countries, more NFL, and more content. Specifically, Netflix ( NFLX ) disclosed 250M monthly average viewers, two new ad formats, geographic expansion, three additional NFL games, and 40 scripted series with 27 returning. "These mores, along with the constructive updates to Netflix’s ad tech stack offering, leave us more confident in NFLX’s medium- and long-term growth outlook," wrote Mahaney. In terms of valuation, Netflix ( NFLX ) sitting at a three-year low 23X P/E multiple was noted to make the risk-reward for investors highly attractive, especially considering what should be a “highly resilient” 20% to 25% EPS and free cash flow growth outlook, based on low double-digit revenue growth, consistent operating margin expansion, and share repurchases. Evercore ISI has an Outperform rating on Netflix ( NFLX ) and a price target of $115. More on Netflix Don't Cancel Your Netflix Investment Disney And Netflix: Both Names Look Attractive Netflix Reigns Supreme With Unmatched Viewership, Global Reach, And Robust Fundamentals Netflix expanding AI-generated content with INKubator animation studio Netflix brings back fan favorites, more NFL games, and Quasimodo at the 2026 Upfront event
State-sponsored march through Muslim quarter of Old City saw protesters waving flags and chanting ‘Death to Arabs’ on anniversary of city’s annexation Israeli nationalist demonstrators chanted “Death to the Arabs”, “May your villages burn” and “Gaza is a graveyard” in a state-sponsored march through Jerusalem to mark the anniversary of the city’s capture and annexation. The annual assertion of Jew...
State-sponsored march through Muslim quarter of Old City saw protesters waving flags and chanting ‘Death to Arabs’ on anniversary of city’s annexation Israeli nationalist demonstrators chanted “Death to the Arabs”, “May your villages burn” and “Gaza is a graveyard” in a state-sponsored march through Jerusalem to mark the anniversary of the city’s capture and annexation. The annual assertion of Jewish control over Palestinian east Jerusalem has grown more extreme in recent years, and Thursday’s event culminated with the national security minister, Itamar Ben-Gvir, unfurling an Israeli flag in front of the al-Aqsa mosque, the holiest Islamic site in the city. Continue reading...
Earnings Call Insights: Legence Corp. (LGN) Q1 2026 Management View “Total revenues more than doubled year-over-year to just over $1 billion,” and “all of these factors contributed to our strong first quarter results that exceeded quarterly guidance as well as provide the underpinning to raise our full year 2026 guidance.” (CEO & Director Jeffrey Sprau) “Total backlog and awards ended the quarter ...
Earnings Call Insights: Legence Corp. (LGN) Q1 2026 Management View “Total revenues more than doubled year-over-year to just over $1 billion,” and “all of these factors contributed to our strong first quarter results that exceeded quarterly guidance as well as provide the underpinning to raise our full year 2026 guidance.” (CEO & Director Jeffrey Sprau) “Total backlog and awards ended the quarter at a record $5.4 billion,” and “on a sequential basis and pro forma for the inclusion of Bowers backlog, we added approximately $200 million of net new backlog on top of the $1 billion in revenue recorded during the first quarter.” (CEO & Director Sprau) “In April, we crossed over 10,000 full-time employees at Legence,” and “we do not expect labor to be a material constraint on our ability to grow.” (CEO & Director Sprau) “We are largely up and running on 1.3 million square feet of fab capacity today,” and “our fabrication business continues to be driven by our technical cooling systems for data centers.” (CEO & Director Sprau) “We generated revenue of $1.038 billion,” and “our first quarter 2026 revenue surpassed our guidance, primarily due to outperformance in the Installation & Maintenance segment with very strong project execution and fabrication as a key driver.” (Chief Financial Officer Stephen Butz) Outlook “We are establishing second quarter 2026 guidance for consolidated revenue of between $1.05 billion and $1.1 billion and adjusted EBITDA between $115 million and $125 million.” (CFO Butz) “For full year 2026, we are increasing our revenue guidance to a range of $4.1 billion to $4.3 billion,” and “we are also raising our full year 2026 EBITDA guidance range to $470 million to $490 million.” (CFO Butz) “Our EBITDA guidance revision reflects the changes to our revenue guidance as well as a slight improvement in margin expectations, in large part based on our recent track record of outperformance and improved execution expectations.” (CFO Butz) “Interest expense net o...
Key PointsNew York-based Siren bought 2,486,997 shares of Erasca in the first quarter; the estimated transaction value was $29.39 million based on average first-quarter 2026 prices.
Key PointsNew York-based Siren bought 2,486,997 shares of Erasca in the first quarter; the estimated transaction value was $29.39 million based on average first-quarter 2026 prices.
Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevi...
Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Stepping in to fill what was left of an unexpired term last September, Miran served as a contrarian voice on the rate-setting Federal Open Market Committee. He voted "no" in each of the six meetings he has attended since taking over for Adriana Kugler, who abruptly resigned in August 2025. In his letter , Miran said his brief stint was "the highest honor of my life" and expressed confidence in Warsh, who gained Senate confirmation to the top seat Wednesday. Miran came to the Fed after serving as chair of the Council of Economic Advisers. "Going forward, I am excited about changes Chairman-designate Kevin Warsh and the Federal Reserve may make in areas such as communications policy, balance sheet policy, and keeping the Federal Reserve to its narrow mandate and out of hot-button political and cultural issues," he wrote. Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he voted against the three decisions to hold rates steady in favor of quarter-point cuts. In addition, he said he has pushed for a more forward-looking approach to monetary policy and believes the Fed "needs to do a better job accounting for nonmonetary forces and their implications for monetary policy." He also expressed support for a series of moves the Fed has enacted lowering regulatory barriers for banks, and led research showing how the central bank should shrink the size of its balance sheet and its $6.7 trillion in asset holdings. Choose CNBC as your preferred source on Google and never miss a ...
NikkiZalewski/iStock via Getty Images The FDA recently approved Axsome’s ( AXSM ) Auvelity as the first non-psychotic treatment for agitation in Alzheimer’s disease. This is important because the only anti-psychotic approved for the treatment of anxiety in Alzheimer’s disease— Rexulti —comes with an increased risk of death and stroke. In addition, the off-label use of anti-psychotics to treat beha...
NikkiZalewski/iStock via Getty Images The FDA recently approved Axsome’s ( AXSM ) Auvelity as the first non-psychotic treatment for agitation in Alzheimer’s disease. This is important because the only anti-psychotic approved for the treatment of anxiety in Alzheimer’s disease— Rexulti —comes with an increased risk of death and stroke. In addition, the off-label use of anti-psychotics to treat behavioral and psychiatric symptoms in dementia has historically led to the maltreatment of many patients. Axsome, thus, fills a critical unmet need that seems to fulfill the faith that investors are putting into the company. However, there are several reasons to temper this optimism; hence, the hold recommendation. Axsome projects at least $8 billion in sales from Auvelity. If Axsome surpasses this projection, then it should be able to continue its meteoric rise. The further development of its pipeline may also help sustain its stock price. Axsome's current market cap is at around $11 billion ( valuation measures ), so unless there is a sharp downturn in its stock, the company will be able to fund its current programs in my view (and perhaps some new ones) well into the future. Data by YCharts However, Auvelity's sales projection may be overly optimistic due to the expense of the drug (around $14,000 a year), side effects (relatively mild but can include stomach upset, headaches, dizziness, and potentially increased irritability in a few patients), disappointment over less than expected improvements , and potential alternatives (to be discussed later). Auvelity is a combination of dextromethorphan and bupropion. Dextromethorphan is a sigma-1 receptor agonist (like Aricept/donepezil and blarcamesine) and a non-competitive NMDA receptor antagonist (like Namenda/memantine). Bupropion is used to inhibit the breakdown of dextromethoraphan. Namenda can reduce agitation in some Alzheimer’s patients by lowering glutamate levels , but it does not significantly reduce severe agitation ....
SpaceXAI ( SPACE ) ( X.AI ) unveiled a new artificial intelligence coding agent on Thursday, known as Grok Build. Grok Build is available for software engineering and complex coding work, the AI company said on its website ; it's available initially to SuperGrok Heavy subscribers. “For complex tasks, start Grok Build in plan mode,” the company added. “You can approve the plan, comment on individua...
SpaceXAI ( SPACE ) ( X.AI ) unveiled a new artificial intelligence coding agent on Thursday, known as Grok Build. Grok Build is available for software engineering and complex coding work, the AI company said on its website ; it's available initially to SuperGrok Heavy subscribers. “For complex tasks, start Grok Build in plan mode,” the company added. “You can approve the plan, comment on individual steps, or rewrite it entirely before execution begins. Once a plan is approved, every change shows up as a clean diff.” Grok Build works with AGENTS.md, plugins, hooks, skills, and MCP servers initially, SpaceXAI added. More on SpaceX and xAI SpaceX IPO: Accelerated S&P 500 Inclusion Could Create A Liquidity Vacuum To A Trillion(s) Dollars And Beyond: A SpaceX IPO Odyssey SpaceX: $1.75T IPO And 220x EV/EBITDA Could Trigger Surge In Aerospace And Defense Brookfield Corp. invests in SpaceX, other AI firms New York and California pension leaders oppose ‘extreme’ SpaceX control structure linked to Musk: Reuters
Vanguard Total International Stock ETF (NASDAQ:VXUS) provides broad exposure to non-U.S. markets, while State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) serves as a single-fund solution for the entire global stock market. Investors often face a choice between a streamlined total world approach or a modular strategy that separates domestic and international equities. The SPDR...
Vanguard Total International Stock ETF (NASDAQ:VXUS) provides broad exposure to non-U.S. markets, while State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) serves as a single-fund solution for the entire global stock market. Investors often face a choice between a streamlined total world approach or a modular strategy that separates domestic and international equities. The SPDR fund aims to capture the entire global equity market in a single wrapper, including the U.S., whereas the Vanguard fund specifically targets everything outside the domestic market. This fundamental difference in scope dictates how each fund fits into a broader investment portfolio. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Franck38/iStock via Getty Images WisdomTree India Earnings Fund ETF Opportunity Overview India was a top-performing emerging market for many years but was recently overtaken by other emerging markets due to lagging 2025 performance. Data by YCharts Among several concerns with the stock market were the loftier valuations in the market. However, 2025 was an excellent valuation reset year for the mar...
Franck38/iStock via Getty Images WisdomTree India Earnings Fund ETF Opportunity Overview India was a top-performing emerging market for many years but was recently overtaken by other emerging markets due to lagging 2025 performance. Data by YCharts Among several concerns with the stock market were the loftier valuations in the market. However, 2025 was an excellent valuation reset year for the market. One of the main concerns in the market now is the impact of Middle Eastern tensions on the performance of emerging markets, which should bring back inflationary risks and result in lower growth in many of these markets. However, India still stands out as a bright spot even amid recent growth downgrades and should be one of the fastest-growing emerging markets this year. Most importantly, valuations in India have corrected, and there are other, more value-conscious ETFs in the market to consider. The WisdomTree India Earnings Fund ETF ( EPI ) looks like one of the best ETFs to consider at the moment, as it offers exposure to larger companies with stronger earnings growth and lower multiples. This ETF also targets larger, but more off-the-radar names in India's capital markets. India Macro and Market Outlook India's broader economy, including key sectors like banking , will face strong shocks this year amid the recent geopolitical tensions. Other sections of the economy, such as consumer industries, will also face new shocks amid rising inflation. However, if you look at India based on relative value, there is still some appeal, as valuations faced a reality check in 2025, and the country's growth rate is still poised to trounce those in other emerging markets . The World Bank recently posted a positive update on India, noting that growth should still come in at 6.6% in FY2027, making it one of the world's fastest-growing markets. World Bank Retail inflation was only 3.4% in March, while food inflation was 3.8%. Inflation may potentially swing back toward its 3-year high...
Chinnapong/iStock Editorial via Getty Images The U.S. Senate Banking Committee voted to advance the landmark cryptocurrency legislation to the full Senate, where the bill is expected to see a fierce lobbying fight, Reuters reported . Here is what to expect from the Clarity Act. The bill, which aims to create clear regulations for cryptocurrencies, was said to have been stalled in the Senate Bankin...
Chinnapong/iStock Editorial via Getty Images The U.S. Senate Banking Committee voted to advance the landmark cryptocurrency legislation to the full Senate, where the bill is expected to see a fierce lobbying fight, Reuters reported . Here is what to expect from the Clarity Act. The bill, which aims to create clear regulations for cryptocurrencies, was said to have been stalled in the Senate Banking Committee since January. B anks opposed a provision that would allow stablecoin issuers and crypto firms to offer yield-bearing products and other incentives that could draw deposits away from traditional banks, potentially making it harder for them to fund lending. On May 1, Punchbowl News reported that Senator Thomas Tillis and Angela Alsobrooks finalized a compromise to restrict stablecoin yield and rewards, with the Senate looking toward a crypto markup this month. U.S. Treasury Secretary Scott Bessent was said to have been pushing to get the Clarity bill passed and get it to President Donald Trump's desk this spring. Republican Sen. John Kennedy was reportedly planning to vote for the legislation, having said, "This is not a perfect bill. But it's a good bill, and it's a good start." The Republican-led committee is said to have advanced the bill with support from two Democrats: Arizona Sen. Ruben Gallego and Maryland Sen. Alsobrooks. However, Gallego and Alsobrooks said they might not vote in favor of the bill on the Senate floor as negotiations between lawmakers remained fluid. Committee Chair Republican Sen. Tim Scott has rejected certain outstanding amendments, including one on stablecoin yield, from Democrats, according to the report published on Thursday, May 14. Democrat Sen. Elizabeth Warren had expressed concerns over the bill in her opening remarks at the committee mark up of the clarity act. Cryptocurrencies and crypto stocks were trading higher on the news. Here is a look: Bitcoin ( BTC-USD ) — +3.15% to $81,780.14; Ethereum ( ETH-USD ) — +2.40% to $2,311...