(RTTNews) - Sharply lower U.S. and Canadian futures and weak European markets point to a gap down opening for stocks on Bay Street on Thursday. A report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 59.36 points in June from 61.60 points in May of 2022. Canada GDP data for the month of April, and a preliminary reading of Canadian GDP fo...
(RTTNews) - Sharply lower U.S. and Canadian futures and weak European markets point to a gap down opening for stocks on Bay Street on Thursday. A report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 59.36 points in June from 61.60 points in May of 2022. Canada GDP data for the month of April, and a preliminary reading of Canadian GDP for May are due at 8:30 AM ET. The Canadian market ended notably lower on Wednesday after languishing in the red almost the entire duration of the trading session, as worries about tighter policy and possibility of a recession rendered the mood quite bearish. The benchmark S&P/TSX Composite Index ended with a loss of 159.65 points or 0.83% at 19,063.09 after dropping to a low of 19,010.44 intraday. Asian stocks ended on a mixed note on Thursday as investors weighed worries over an economic slowdown against improved Chinese data. China's Shanghai Composite Index jumped 1.1% after China's official gauges of factory and services activity returned to expansion in June following three months of contraction. European stocks are down sharply and are on course for their worst quarter since the pandemic-led carnage in early 2020 amid worries about prolonged inflation leading to a global economic downturn. In commodities trading, West Texas Intermediate Crude oil futures are down $1.14 or 1.04% at $108.64 a barrel. Gold futures are down $11.10 or 0.61% at $1,806.40 an ounce, while Silver futures are lower by $0.288 or 1.39% at $20.380 an ounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Morsa Images/DigitalVision via Getty Images UnitedHealth's ( UNH ) share price has dropped by 8% since my previous rating downgrade to a 'Hold.' It was a timely downgrade because UNH delivered disappointing Q4 earnings, which triggered another selloff wave. The stock currently trades just below a strong $300 support level, while its valuation ratios look extremely attractive across the board. I th...
Morsa Images/DigitalVision via Getty Images UnitedHealth's ( UNH ) share price has dropped by 8% since my previous rating downgrade to a 'Hold.' It was a timely downgrade because UNH delivered disappointing Q4 earnings, which triggered another selloff wave. The stock currently trades just below a strong $300 support level, while its valuation ratios look extremely attractive across the board. I think that too much pessimism is already priced in while the company still remains profitable with an unparalleled scale in the industry. Of course, regulatory and political uncertainty persists under President Trump's administration. However, I believe that UNH currently offers a compelling risk-reward, and the stock deserves to be upgraded back to 'Buy.' Time to Buy UNH There are a few reasons to buy UNH. The share price has more than halved from its ATH of $600 in late 2024, as it currently trades slightly below $300. This appears to be a strong psychological support level for UNH. I think so, not only because of this beautiful even number but also because the stock traded at approximately $300 just before the pandemic. And if we go to UNH's historical income statement , we can see that its revenue has almost doubled since then. Of course, despite revenue almost doubling, the FY2025 EBITDA returned to FY2019 levels. SA However, a much larger scale gives more opportunities to unlock cost efficiency opportunities because your fixed overheads can be spread across a much larger revenue base. Moreover, the AI era will open new opportunities to streamline and automate many back-office tasks, which is another likely opportunity to drive cost efficiency. UNH's management expects to generate $1 billion in AI-driven cost reductions in the foreseeable future, and I think it is just the tip of an iceberg considering the company's massive headcount of circa 400k employees . Therefore, even if UNH's revenue continues stagnating due to adverse political and regulatory developments, I thi...
Strategas has a message for investors who think Nvidia (NASDAQ:NVDA) has already peaked: you’re looking at the wrong number. In a recent appearance, Strategas analyst Ryan Grabinski made the bull case plainly: Nvidia should be at like $212-$215, not $180. I just think there continues to be — are we at the peak for Nvidia ... Strategas: Nvidia Should Trade to $212-$215, Not $180; Earnings Aren’t Pe...
Strategas has a message for investors who think Nvidia (NASDAQ:NVDA) has already peaked: you’re looking at the wrong number. In a recent appearance, Strategas analyst Ryan Grabinski made the bull case plainly: Nvidia should be at like $212-$215, not $180. I just think there continues to be — are we at the peak for Nvidia ... Strategas: Nvidia Should Trade to $212-$215, Not $180; Earnings Aren’t Peaking
hapabapa Wedbush ( IVES ) said it is seeing sales cycle elongation across the board but has not seen any lost deals in the pipeline following its security and software channel checks related to cyber spending. The firm noted that from a vendor standpoint, CrowdStrike ( CRWD ) and Rubrik ( RBRK ) had the strongest feedback. Analysts led by Dan Ives said that they hosted a call with a security indus...
hapabapa Wedbush ( IVES ) said it is seeing sales cycle elongation across the board but has not seen any lost deals in the pipeline following its security and software channel checks related to cyber spending. The firm noted that from a vendor standpoint, CrowdStrike ( CRWD ) and Rubrik ( RBRK ) had the strongest feedback. Analysts led by Dan Ives said that they hosted a call with a security industry expert, Jim Gruzlewski, to get feedback on cyber spending across enterprise and federal verticals in North America. The analysts noted that organizations across the cybersecurity space continue to see an increase in total budgets across both enterprise businesses, which includes the increase in their separate AI budgets. The analysts added that they have noted seeing a 20% increase in enterprise budgets on Jan. 1, while seeing an additional 20% increase in its AI budget, resulting in a 33% net increase in IT budgets across tech and AI. "We note that ~50% of deals in the pipeline were revised downward of the 100 deals in Jim’s pipeline at this time last year with the average discount being ~$0.80 on the dollar, but we are not seeing the same theme; we are seeing ~80% of deals seeing a revision upward pointing to increased quotes for more products. We note that more companies are now seeing their goals change with greater emphasis on recurring revenue and stronger revenue growth across multiple products rather than just one product," said Ives and his team. The analysts added that more organizations are pushing their sales force to get additional training across new products to hit the higher goals, or there will be a greater impact on payouts; this is particularly focused on AI cyber companies, according to the analysts. "While the recent emergence of Claude Cowork has thrown a significant curveball across the cyber industry, we are yet to see a material impact on cyber budgets as more organizations are choosing for additional proof-of-concepts rather than replacement of...
(RTTNews) - DFI Retail (D01.SI) reported fiscal 2025 profit to shareholders of $235 million compared to a loss of $245 million in 2024. Profit per share, in cents, was 17.41, compared to a loss of 18.17, prior year. Underlying profit attributable to shareholders increased to $270 million from $201 million. Underlying earnings per share increased 35% to 20.05 cents. The company said this performanc...
(RTTNews) - DFI Retail (D01.SI) reported fiscal 2025 profit to shareholders of $235 million compared to a loss of $245 million in 2024. Profit per share, in cents, was 17.41, compared to a loss of 18.17, prior year. Underlying profit attributable to shareholders increased to $270 million from $201 million. Underlying earnings per share increased 35% to 20.05 cents. The company said this performance was driven by a recovery in LFL subsidiary sales, improved margins and proactive portfolio actions, including the divestment of minority stake in Yonghui. Fiscal 2025 revenue was $8.87 billion, flat with prior year. The company said Health and Beauty delivered strong like-for-like sales and profit growth for the fiscal year. DFI Retail shares are trading at $4.14, up 1.97%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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KeithBinns Chinese autonomous driving firm WeRide has suspended its robotaxi service in Dubai, citing escalating regional conflict involving the U.S., Israel, and Iran that has heightened security risks across key Gulf hubs. The decision affects WeRide's ( WRD ) driverless fleet operating in partnership with Dubai's Roads and Transport Authority and Uber Technologies ( UBER ), which had been offer...
KeithBinns Chinese autonomous driving firm WeRide has suspended its robotaxi service in Dubai, citing escalating regional conflict involving the U.S., Israel, and Iran that has heightened security risks across key Gulf hubs. The decision affects WeRide's ( WRD ) driverless fleet operating in partnership with Dubai's Roads and Transport Authority and Uber Technologies ( UBER ), which had been offering autonomous rides in districts such as Umm Suqeim and Jumeirah as part of Dubai’s broader self-driving transport strategy. Guangzhou, China-based WeRide ( WRD ) described the decision as a temporary suspension that is primarily focused on safeguarding employees and customers amid geopolitical tensions and related security concerns. The company has instructed regional staff to work remotely and to avoid non-essential travel. All Dubai robotaxis have reportedly been moved into indoor parking facilities as the firm awaits clearer signals on the security outlook before resuming service. The halt in Dubai comes even as WeRide ( WRD ) maintains normal robotaxi operations in Abu Dhabi and Riyadh. Reportedly Baidu's ( BIDU ) Apollo Go and Pony AI ( PONY ) are also reassessing their presence, with some services paused and testing schedules adjusted for an unknown period of time. For the week, WeRide ( WRD ) is off 7.5%, and Pony AI ( PONY ) is down more than 5%. More on WeRide and Pony AI WeRide: Well-Positioned As L4 Commercialization Expands Pony AI: Fleet Growth Should Drive The Stock Higher Pony AI: Shoring Up Cash Reserves And Bolstering Fare Revenue WeRide, Uber begin first commercial robotaxi service in downtown Abu Dhabi WeRide, Uber to deploy 1,200 robotaxis across the Middle East
In this article CFR-CH KER-FR BRBY-GB MC-FR Follow your favorite stocks CREATE FREE ACCOUNT New York City. Adam Gray | Reuters Luxury stocks were among the hardest hit sectors early Tuesday, with European markets heading for another day of losses as the conflict in the Middle East intensified overnight. Shares of conglomerate LVMH , Gucci-owner Kering , and British outerwear maker Burberry were am...
In this article CFR-CH KER-FR BRBY-GB MC-FR Follow your favorite stocks CREATE FREE ACCOUNT New York City. Adam Gray | Reuters Luxury stocks were among the hardest hit sectors early Tuesday, with European markets heading for another day of losses as the conflict in the Middle East intensified overnight. Shares of conglomerate LVMH , Gucci-owner Kering , and British outerwear maker Burberry were among the worst performers, with week-to-date losses approaching 10% each. The wider European blue-chip index, Stoxx 600 , was down nearly 3% Tuesday, after falling 1.6% on Monday. The Middle East has been a driver of growth in the sector, which is battling a difficult macroeconomic backdrop, and many formerly best-selling brands are struggling to resonate with consumers. The region's strength, however, hasn't been enough to offset weakness elsewhere, notably in China , and industry giants like LVMH and Kering are still struggling to get sales back on a positive track. "The Middle East has been one of the few bright spots," Morningstar analyst Jelena Sokolova told CNBC. "You have one area which was small, but which was very, very vibrant, and it's being affected now." The U.S. and Israel launched widespread attacks on Iran over the weekend that killed the country's Supreme Leader Ayatollah Ali Khamenei. Iran responded with retaliatory strikes, and the conflict now engulfs the wider Middle East region with no clear endpoint in sight. U.S. President Donald Trump has said the war could last for four to five weeks, but that it could go on "far longer than that." Shares of Richemont , the owner of Cartier, Van Cleef, and Chloé, fell heavily on Monday and Tuesday, with a relatively big exposure to the region. Stock Chart Icon Stock chart icon Luxury stocks fall as the U.S.-Iran conflict escalates. But even with Middle East revenue exposure on average in the mid- to-high single digits for luxury brands, repercussions could spread if a conflict lasts for weeks or even months. "If peo...
TLDR PLTR shares rose 5.8% on Monday, marking a 13% climb across four consecutive trading sessions amid escalating US-Israeli strikes on Iran. Wall Street saw eight firms upgrade Palantir during last month’s 38% correction from November’s all-time high. Rosenblatt Securities lifted its price target from $150 to $200, pointing to conflict-driven demand for AI defense platforms. A government mandate...
TLDR PLTR shares rose 5.8% on Monday, marking a 13% climb across four consecutive trading sessions amid escalating US-Israeli strikes on Iran. Wall Street saw eight firms upgrade Palantir during last month’s 38% correction from November’s all-time high. Rosenblatt Securities lifted its price target from $150 to $200, pointing to conflict-driven demand for AI defense platforms. A government mandate issued February 27 phases out Anthropic’s AI models from federal use within six months, creating potential opportunities for Palantir. Analyst coverage shows 20 of 31 firms now assign buy ratings to PLTR, a significant increase from nine buy ratings in early January. Palantir Technologies has weathered a challenging period recently. Between November 3’s record peak and February 24, shares plummeted 38%, weighed down by steep valuation multiples and public scrutiny surrounding its ICE and Department of Homeland Security partnerships. The selloff intensified when prominent investor Michael Burry questioned the company’s long-term growth trajectory. Palantir Technologies Inc., PLTR However, sentiment has reversed dramatically. Military action by the US and Israel targeting Iran triggered a sharp rebound in PLTR shares last week. Monday’s session alone delivered a 5.8% gain, extending the four-day advance to 13%. The Trump administration indicated the conflict may persist for weeks, while Iranian leadership suggests an even longer timeframe. For a business generating approximately 50% of revenue from US government and defense contracts, such geopolitical developments carry significant weight. “The stock’s positive momentum reflects an emotional response to Palantir’s strategic positioning within government and military frameworks,” explained Tim Pagliara, chief investment officer at Capwealth Advisors. “The conflict underscores how deeply integrated the company has become with government operations and the competitive advantage that creates.” This surge follows a substantial w...
L.B. Foster (FSTR) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.50%. A quarter ago, it was expected that this railroad track manufacturer would post earnings of $0.61 ...
L.B. Foster (FSTR) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.50%. A quarter ago, it was expected that this railroad track manufacturer would post earnings of $0.61 per share when it actually produced earnings of $0.4, delivering a surprise of -34.43%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. L.B. Foster, which belongs to the Zacks Steel - Producers industry, posted revenues of $160.37 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.57%. This compares to year-ago revenues of $128.18 million. The company has topped consensus revenue estimates just once 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. L.B. Foster shares have added about 19.4% since the beginning of the year versus the S&P 500's gain of 0.5%. What's Next for L.B. Foster? While L.B. Foster has outperformed 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 harnessing the power of earnings estima...
Sarah Everard’s mother said her daughter “added to the beauty of the world” as she paid tribute to her humour and principled nature on the five-year anniversary of her murder. Writing for British Vogue, alongside a picture of Sarah taken at V festival for an online street style series in 2010, Susan Everard said she “loved clothes and fashion” and had “her whole life ahead of her” when the photo w...
Sarah Everard’s mother said her daughter “added to the beauty of the world” as she paid tribute to her humour and principled nature on the five-year anniversary of her murder. Writing for British Vogue, alongside a picture of Sarah taken at V festival for an online street style series in 2010, Susan Everard said she “loved clothes and fashion” and had “her whole life ahead of her” when the photo was taken. “It was a golden time when she had recently graduated and was back home from travels to south-east Asia and already making plans for future adventures” she said. “Although it is bittersweet, I love to see her, happy and beautiful, with her whole life ahead of her.” Susan Everard recounted some of the ways she missed her daughter, including swapping recipes, asking for her advice and hearing her laugh. She described Sarah as “thoughtful, dependable and highly principled”, and said she “appreciated the absurd but could also be outraged at injustice and bad behaviour.” Susan said she had only seen her daughter’s home in Brixton Hill, where she was returning to on the night she was abducted on 3 March 2021, on video due to the Covid-19 pandemic lockdown. When she cleared it after Sarah’s death, along with Sarah’s father, Jeremy, they could “see how cleverly she had styled it and how welcoming she had made her home”, she said. “Sarah had many talents but, in particular, I like to think of her dancing – she was a beautiful dancer,” she wrote. “Most of all, she was a loving and caring young woman; her many friendships are a testament to her lovely nature.” The Everard family remained a “close family” of four, Susan said, who were navigating the future together while celebrating Sarah and meeting up with her friends. Sarah Everard, 33, was kidnapped, raped and murdered by an off-duty Metropolitan police constable, Wayne Couzens, who is serving a whole-life order in prison. It later emerged he had a history of alleged sexual offending and failings in the vetting process ha...
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 1.3% and the actively tr Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
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landbysea/iStock Unreleased via Getty Images It has already been six months since my previous coverage of W&T Offshore, Inc. ( WTI ). Its value has already risen by 50%, which justifies my buy rating. Today, the price rally continues ahead of the Q4 2025 release this week. But I think this is still reasonable if we relate it to fundamentals, valuation, and current oil price trends. Technicals adhe...
landbysea/iStock Unreleased via Getty Images It has already been six months since my previous coverage of W&T Offshore, Inc. ( WTI ). Its value has already risen by 50%, which justifies my buy rating. Today, the price rally continues ahead of the Q4 2025 release this week. But I think this is still reasonable if we relate it to fundamentals, valuation, and current oil price trends. Technicals adhere to it amid bullish signals, although caution is advised after recent overbuying. W&T Offshore: How It Has Been Recently In the months that followed my previous analysis, we have seen some interesting changes. Mixed market conditions persisted, leading to the offsetting effect between oil and gas prices. But amid all these things, W&T Offshore emerged stronger with its strategic production volume and increased attention to natural gas. We have seen this in its most recent performance. As you can see, its oil and gas sales volume rose YoY and QoQ. For oil, low prices attracted more buyers. Also, this made refined products like fuel and gasoline cheaper. The only downside was that oil prices remained weaker, aggravated by the OPEC oil hike. Despite this, its increased natural gas sales price and volume rose. The sharp price surge in natural gas prices during the second half made sales and production more profitable. It is also worth noting that the average operating expenses decreased despite stubborn inflation. This can indicate W&T's increased efficiency. It also benefited from lower oil prices due to lower fuel expenses needed for its operations. Operational Metrics (WTI Q3 2025 Release) With all this information, you saw how its operating revenues have risen in the past year. The total revenues reached $127.5M , up by 5.1% YoY from $121.4M and 4.2% QoQ from $122.4M. Meanwhile, its operating expenses remained stable. So even if it continued to incur an operating loss, it improved a lot from the same quarter in the previous year. With that, the operating margin improved t...