Citi is getting bullish on Lowe's heading into next week's earnings report. The bank upgraded the home improvement name to buy from neutral. It maintained its $285 price target on shares, suggesting 26% upside from Monday's close. Lowe's is scheduled to post first-quarter results May 20 before the bell. LSEG data shows that analysts overall expect the company's bottom line grew only marginally to ...
Citi is getting bullish on Lowe's heading into next week's earnings report. The bank upgraded the home improvement name to buy from neutral. It maintained its $285 price target on shares, suggesting 26% upside from Monday's close. Lowe's is scheduled to post first-quarter results May 20 before the bell. LSEG data shows that analysts overall expect the company's bottom line grew only marginally to start the year. Citi is more optimistic. "LOW should beat 1Q street estimates and continue to outperform the industry … in 2026," analyst Steven Zaccone said in a note. "The macro has risks of geopolitical tensions escalating, but we still believe the home improvement industry has bottomed and remain optimistic on the multi-year recovery." Lowe's stock has declined 6% since the beginning of this year, underperforming the overall market, as economic uncertainties tank consumer sentiment to record lows amid the Iran war . But while consumers are showing signs of tightening their purse strings , that doesn't mean the company's bottom line is likely to come under considerable pressure, according to Citi's Zaccone. LOW YTD mountain LOW in 2026 He added that Lowe's should see continued strength in same-store sales. "We recognize the housing backdrop remains weak, but our view is consistent the home improvement industry has bottomed as evidenced by 4 straight quarters of positive SSS for LOW," Zaccone wrote. "LOW has outperformed [Home Depot] from a US [same store sales] perspective for 3 straight quarters – we see that continuing through the remainder of 2026." To boot, the home improvement market is still expected to grow at a compound annual growth rate of 4.1% to $1.4 trillion by 2035, driven by a combination of economic factors, according to market research firm Global Market Insights. "The Iran conflict makes it difficult to predict [the] timing of a more favorable macro backdrop, but LOW provides an attractive 'offensive' option," Zaccone wrote. "LOW provides a more direct ...
Rocket Lab surged over 40% in two trading sessions following its Q1 earnings report, closing at a new all-time high of $117.35 on Tuesday and pushing its YTD gain to 68%.
Rocket Lab surged over 40% in two trading sessions following its Q1 earnings report, closing at a new all-time high of $117.35 on Tuesday and pushing its YTD gain to 68%.
Rajiv Menon KC was accused of breaching judge’s directions with his closing speech at trial of six activists A leading human rights barrister has won an appeal against his referral for contempt of court over his closing speech during a trial of Palestine Action activists. Rajiv Menon KC was accused of breaching the judge’s directions in the trial of six people for a 2024 direct action protest at a...
Rajiv Menon KC was accused of breaching judge’s directions with his closing speech at trial of six activists A leading human rights barrister has won an appeal against his referral for contempt of court over his closing speech during a trial of Palestine Action activists. Rajiv Menon KC was accused of breaching the judge’s directions in the trial of six people for a 2024 direct action protest at an arms factory of the Israeli subsidiary Elbit Systems UK in Filton, near Bristol. Continue reading...
alvarez/E+ via Getty Images Venture Global ( VG ) said Tuesday it signed new liquefied natural gas supply agreements with TotalEnergies ( TTE ) and Vitol for combined sales of slightly more than 1M metric tons/year for the next five years. Venture Global ( VG ) said it will sell 850K tons/year of LNG to TotalEnergies ( TTE ) and increase its previously contracted volumes with Vitol by 200K tons/y...
alvarez/E+ via Getty Images Venture Global ( VG ) said Tuesday it signed new liquefied natural gas supply agreements with TotalEnergies ( TTE ) and Vitol for combined sales of slightly more than 1M metric tons/year for the next five years. Venture Global ( VG ) said it will sell 850K tons/year of LNG to TotalEnergies ( TTE ) and increase its previously contracted volumes with Vitol by 200K tons/year to 1.7M tons/year, with deliveries starting this year; Vitol's initial deal for 1.5M tons/year was signed in March. The deals boost total new LNG sales agreements secured by Venture Global ( VG ) since the start of the Iran war to more than 3M tons/year , reflecting increased global demand for U.S. shipments as Middle East cargoes remain blocked by the closure of the Strait of Hormuz. Venture Global ( VG ) shares up 8.8% pre-market after reporting better-than-expected Q1 earnings and revenues and raising its guidance for full-year adjusted core profit to $8.2B-$8.5B, compared to its previous outlook for $5.2B-$5.8B. The company said it exported 130 cargoes and sold 481 TBtu of LNG during Q1, compared with 63 cargoes and 228.3 TBtu in the year-earlier quarter; for the full year, it expects to export 147-154 cargoes from the Calcasieu project in Louisiana and 347-369 cargoes from the Plaquemines project. More on Venture Global Venture Global: Higher For Longer LNG Spot Prices (Rating Upgrade) Venture Global: Iran War Helps Bridge Two Soft Years Before Growth Shoots Venture Global: Go Long And Stay Long
Knesset approves plan for livestreamed trials in military court, drawing comparisons to 1962 Adolf Eichmann trial Israeli lawmakers have approved setting up a livestreamed special tribunal with the power to sentence to death Palestinians convicted of taking part in the Hamas attack on 7 October 2023 that triggered the war in Gaza. The measure was passed by 93 votes to none in the 120-seat Knesset,...
Knesset approves plan for livestreamed trials in military court, drawing comparisons to 1962 Adolf Eichmann trial Israeli lawmakers have approved setting up a livestreamed special tribunal with the power to sentence to death Palestinians convicted of taking part in the Hamas attack on 7 October 2023 that triggered the war in Gaza. The measure was passed by 93 votes to none in the 120-seat Knesset, Israel’s parliament, reflecting widespread support among Israel’s Jewish majority for punishing those found responsible for the deadliest single attack in Israel’s history. The remaining 27 lawmakers were absent or abstained from voting. Continue reading...
Parex Resources press release ( PARXF ): Q1 FFO per share of $1.18. Average production was 44,735 boe/d, compared to 43,658 boe/d in Q1 2025. Recognized net income of $5 million or $0.05 per share basic compared to net income of $81 million or $0.82 per share basic in the comparative quarter of 2025. Declared Q2 2026 regular dividend of C$0.385 per share (C$1.54 per share annualized. H2 2026 produ...
Parex Resources press release ( PARXF ): Q1 FFO per share of $1.18. Average production was 44,735 boe/d, compared to 43,658 boe/d in Q1 2025. Recognized net income of $5 million or $0.05 per share basic compared to net income of $81 million or $0.82 per share basic in the comparative quarter of 2025. Declared Q2 2026 regular dividend of C$0.385 per share (C$1.54 per share annualized. H2 2026 production guidance 82,000 to 91,000 boe/d, up 93% at the midpoint compared to Q1 2026 average production. More on Parex Resources Inc. Parex Resources: Transformative Acquisition Likely About To Close Parex Resources Inc. (PXT:CA) Q4 2025 Earnings Call Transcript Parex Resources announces private offering of $500M senior notes Parex Resources Inc. GAAP EPS of $0.05 Historical earnings data for Parex Resources Inc.
Robert Way Under Armour ( UAA ) ( UA ) fell sharply in early trading on Tuesday as investors focused on the athletic apparel company's cautious guidance update. "Over the past two years, we've addressed structural and macro challenges head-on while elevating our product strategy. We're streamlining our operating model and increasing accountability in execution, driving a more controlled and predic...
Robert Way Under Armour ( UAA ) ( UA ) fell sharply in early trading on Tuesday as investors focused on the athletic apparel company's cautious guidance update. "Over the past two years, we've addressed structural and macro challenges head-on while elevating our product strategy. We're streamlining our operating model and increasing accountability in execution, driving a more controlled and predictable business," highlighted CEO Kevin Plank. Revenue fell 1% during the quarter to $1.2B and was down 4% on a constant currency basis. North America revenue declined 7% to $641M, while international revenue increased 10% to $539M (up 3% in constant currency). Within international markets, EMEA revenue increased 7% (down 1% constant currency), Asia-Pacific increased 13% (up 8% constant currency), and Latin America increased 22% (up 8% constant currency). By category, apparel revenue was flat at $778M, footwear was flat at $282M, and the accessories business grew 2% to $94M. Gross margin declined 470 basis points to 42.0%, primarily due to higher tariffs, as well as higher product costs, pricing headwinds, and unfavorable regional mix, partially offset by foreign exchange gains and favorable channel mix. Excluding restructuring impacts, adjusted gross margin declined 360 basis points to 43.1%. Under Armour's ( UA ) ( UAA ) inventory position fell 3% to $915M. Looking ahead, full-year revenue is expected to decline slightly year over year, with a low single-digit decrease in North America partially offset by low single-digit growth in EMEA and Asia-Pacific. Under Armour's ( UAA ) ( UA ) full-year outlook for ESP of $0.08 to $0.12 (midpoint $0.10) was well below the consensus estimate of $0.23. The company also expects an adjusted operating income benefit of approximately $70M from the assumption that refunds from prior-year IEEPA tariff expenses are realized, about $35M of headwinds from the conflict in the Middle East, and approximately $30M of incremental marketing investme...
Sundry Photography/iStock Editorial via Getty Images Shares of Zebra Technologies ( ZBRA ) surged about 14% premarket on Tuesday after first quarter results beat estimates and the company raised its full year outlook. Q1 Metrics Zebra — which provides software, automation solutions, and hardware such as barcode scanners and RFID readers — saw non-GAAP EPS soar 18.2% year-over-year to $4.75. For th...
Sundry Photography/iStock Editorial via Getty Images Shares of Zebra Technologies ( ZBRA ) surged about 14% premarket on Tuesday after first quarter results beat estimates and the company raised its full year outlook. Q1 Metrics Zebra — which provides software, automation solutions, and hardware such as barcode scanners and RFID readers — saw non-GAAP EPS soar 18.2% year-over-year to $4.75. For the first quarter ended April 4, sales jumped 14.3% year-over-year to $1.495B. Both top and bottom line numbers surpassed analysts' estimates. "Our strong first quarter results demonstrate the durability of demand for our innovative technology, with organic growth across our segments and regions, led by strength in our manufacturing end market. Elo Touch also contributed solid profitable growth as we begin to drive synergies," said Zebra's CEO Bill Burns. The company noted that it bought back $300M worth of shares in the first quarter. As of April 4, the company had cash and cash equivalents of $114M and total debt of $2.66B. Outlook "We are seeing continued momentum into the second quarter, supporting our increased outlook for the full year. Zebra's integrated portfolio of solutions is a key differentiator, enabling customers to connect data, assets and workflows to drive visibility and productivity. As e-commerce, automation and Physical AI trends accelerate, we are well positioned to drive profitable growth, build on our market leadership and innovation, and strengthen our financial position to deliver long-term shareholder value," said Burns. Zebra expects second quarter sales growth between 14% and 17% compared to the prior year. This expectation includes about 10.5 points of favorable net impact from business acquisitions and foreign currency, according to the company. The consensus revenue growth estimate is 13.71% year-over-year. The company expects non-GAAP EPS to be in the range of $4.20 to $4.50 (midpoint at $4.35) compared to a consensus EPS estimate of $4.20. Zeb...