JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treat...
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treating the report as a low-risk event. Near-the-money straddles suggest traders are bracing for a move of roughly $29.50 to $30 by Friday expiration. The 340 straddle was worth about $29.45 on mid-pricing, implying an 8.6% to 8.7% move and putting the market’s first-pass post-report range near $312 to $371. AMD ( AMD ) closed Monday's session at $341.54 a share. The call side showed heavy interest both immediately above spot and farther out on the upside wing. The 350 call was the standout, with 18,887 contracts traded and 5,812 in open interest. The 400 call traded 13,769 contracts and carried 10,425 in open interest, the largest visible call open-interest cluster in the upper part of the chain. The put side was also active, keeping the setup from looking like a clean one-way bullish bet. The 300 put traded 13,180 contracts and had 8,194 in open interest, while the 340 put carried 9,193 contracts in open interest. Ahead of the report, Wedbush Securities believes the company could get a boost from strong artificial intelligence-related spending. And, given the sharp run in the stock over the past 12 months, AMD's subsequent earnings call is likely to take on outsized importance, GF Securities had said. More on AMD Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings, At Risk Of Mean Reversion Decline Below 380.20 AMD Faces Downside Risk Following Earnings AMD: Cooling My Rating, Not My Conviction Zyphra launches AI cloud platform powered by AMD chips Morgan Stanley ups targets on several semiconductor stocks as market strengthens
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treat...
JHVEPhoto/iStock Editorial via Getty Images Advanced Micro Devices' ( AMD ) weekly options are pricing a nearly 9% post-earnings move ahead of the chipmaker’s first-quarter results after Tuesday's market close. Overall, the structure of the May 8 chain leaned toward aggressive upside participation, especially through the 350, 360 and 400 strikes, but heavy put activity shows traders were not treating the report as a low-risk event. Near-the-money straddles suggest traders are bracing for a move of roughly $29.50 to $30 by Friday expiration. The 340 straddle was worth about $29.45 on mid-pricing, implying an 8.6% to 8.7% move and putting the market’s first-pass post-report range near $312 to $371. AMD ( AMD ) closed Monday's session at $341.54 a share. The call side showed heavy interest both immediately above spot and farther out on the upside wing. The 350 call was the standout, with 18,887 contracts traded and 5,812 in open interest. The 400 call traded 13,769 contracts and carried 10,425 in open interest, the largest visible call open-interest cluster in the upper part of the chain. The put side was also active, keeping the setup from looking like a clean one-way bullish bet. The 300 put traded 13,180 contracts and had 8,194 in open interest, while the 340 put carried 9,193 contracts in open interest. Ahead of the report, Wedbush Securities believes the company could get a boost from strong artificial intelligence-related spending. And, given the sharp run in the stock over the past 12 months, AMD's subsequent earnings call is likely to take on outsized importance, GF Securities had said. More on AMD Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings, At Risk Of Mean Reversion Decline Below 380.20 AMD Faces Downside Risk Following Earnings AMD: Cooling My Rating, Not My Conviction Zyphra launches AI cloud platform powered by AMD chips Morgan Stanley ups targets on several semiconductor stocks as market strengthens
S_Lew/iStock via Getty Images Since my last Napco ( NSSC ) stock analysis , in which I issued a Hold rating, the stock has fallen by over 20% in price. That analysis was titled with a caution of overvaluation, and I was proven right as the stock dropped by over 50% in price in the months following before recovering. The company just reported Q3 earnings, and results were good enough to sustain sen...
S_Lew/iStock via Getty Images Since my last Napco ( NSSC ) stock analysis , in which I issued a Hold rating, the stock has fallen by over 20% in price. That analysis was titled with a caution of overvaluation, and I was proven right as the stock dropped by over 50% in price in the months following before recovering. The company just reported Q3 earnings, and results were good enough to sustain sentiment leading into the 2027 sentiment inflection point before a credible 2028 fundamental acceleration zone. First, I will outline the earnings report in concise depth, before showing you my thesis for alpha due to forward growth prospects in earnings. I consider the risk-reward setup to be good enough here for a Buy rating, but it is not a clean value asymmetry trade as margin of safety is lacking and future returns therefore depend more on the operating performance alone. That said, probabilistically, upside looks much more likely than downside due to forward operational positioning, so I'm bullish. Q3 Earnings Analysis Q3 revenue rose 11.8% year-over-year, with recurring service revenue growing by 15.4%. Adjusted EBITDA rose by 20.2%. In essence, strong underlying fundamentals, but not perfect. Recurring service revenue was about 51% of Q3 revenue, but about 3/4 of total gross profit, because it carried a staggering 90.4% gross margin. This creates somewhat of a better setup in forward growth and stock price security: NSSC is not just the security hardware company it was once known for, it's operating through hardware-enabled recurring revenue. That said, because equipment remains the mechanism that creates many future service accounts, recurring service revenue may moderate in growth for periods. Recurring service revenue is mainly generated through StarLink cellular communication devices. We're already seeing this steady growth play out as the annualized run rate based on April 2026 revenue is $101M versus $99M sequentially . Equipment is actually helping at this junc...
DNY59/iStock via Getty Images By Robin Marshall, M.A., MPhil, Director, Global Investment Research | Belle Chang, MBA, Senior Manager, Global Investment Research More benign macro setting for 2026 energy shock Short Treasuries and Canadian govt bond markets discount modest 25-50bp tightening moves in 2026-27 on inflation risks from the Q1 energy shock. This may be premature in Canada, given inflat...
DNY59/iStock via Getty Images By Robin Marshall, M.A., MPhil, Director, Global Investment Research | Belle Chang, MBA, Senior Manager, Global Investment Research More benign macro setting for 2026 energy shock Short Treasuries and Canadian govt bond markets discount modest 25-50bp tightening moves in 2026-27 on inflation risks from the Q1 energy shock. This may be premature in Canada, given inflation at target and weak growth, though the Fed faces a bigger inflation challenge. Underestimation of interest rate risks in 2022 may explain this, even if APAC is more exposed in 2026. Adverse duration effects caused longs to under-perform in Q1, even as curves flattened. Credit held up well and remains a strong outperformer on 12M. Macro & policy backdrop – More benign conditions than 2022 for an energy shock US inflation above target means a bigger challenge for the Fed than the BoC, from an energy shock. Canadian inflation at target and large energy sector a more benign setting. Spotlight on Middle East energy shock – APAC more exposed but global stagflation risk. APAC economies worse hit but global stagflation risks increase on energy shock. Major G7 stagflations were driven by oil shocks, but stable inflation expectations lower repeat risk. FX – USD regains some safe-haven status. Yen suffers from Japan’s energy exposure The US switch to a net energy exporter helped the USD recover safe-haven status in Q1. US Treasuries and credit – Short breakevens spike and term premia increase Breakeven curve signals doubts on Fed inflation target. Credit stable despite the oil shock. Canadian govt, provis and munis – Short yields price in modest BoC tightening Curve bear flattens, and provi and muni spreads widen as markets price in tightening after the energy shock, despite the BoC focusing on downside risks to growth and inflation at target. Canadian IG & HY credit – Investors re-price risk in Q1, but no major credit event to date Yield levels, credit quality & large HY energy we...
SunocoCorp LLC press release ( SUNC ): Q1 GAAP EPS of $2.13. Revenue of $10.7B. More on SunocoCorp LLC I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Historical earnings data for SunocoCorp LLC Dividend scorecard for SunocoCorp LLC Financial information for SunocoCorp LLC
SunocoCorp LLC press release ( SUNC ): Q1 GAAP EPS of $2.13. Revenue of $10.7B. More on SunocoCorp LLC I Own The Gas Pump With 6% Yields And 5% Dividend Growth: Sunoco Historical earnings data for SunocoCorp LLC Dividend scorecard for SunocoCorp LLC Financial information for SunocoCorp LLC
Knight-Swift Transportation ( KNX ) plans to offer $1B of convertible senior notes due 2031 in a private placement. The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150M of the notes. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering . Knight-Swift e...
Knight-Swift Transportation ( KNX ) plans to offer $1B of convertible senior notes due 2031 in a private placement. The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $150M of the notes. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering . Knight-Swift expects to use the net proceeds from the offering to pay the cost of the capped call transactions, to repay all $300M principal amount outstanding under its term loan due 2027, to repay $400M of the $700M principal amount outstanding under its term loan due 2030 and, to the extent of any remaining proceeds, to repay a portion of the principal amount outstanding under its revolving line of credit. More on Knight-Swift Transportation Holdings Inc. Knight-Swift Transportation Holdings Inc. (KNX) Q1 2026 Earnings Call Transcript Knight-Swift Transportation Holdings Inc. 2026 Q1 - Results - Earnings Call Presentation Knight-Swift Transportation: Its Rally Has Already Run Longer And Farther Than Expected Knight-Swift projects Q2 2026 adjusted EPS of $0.45 to $0.49 as truckload bid targets shift to high single to low double-digit increases Knight-Swift Transportation Holdings Inc. Q1 2026 Earnings Preview
Japan’s defence minister pledged to deepen military cooperation with the Philippines during a visit Tuesday to Manila, aiming for the “early transfer” of Abukuma-class destroyers to the archipelago nation. The two countries’ shared grievances over Chinese territorial claims have seen them draw increasingly close in recent years, including the signing of a reciprocal access agreement allowing for t...
Japan’s defence minister pledged to deepen military cooperation with the Philippines during a visit Tuesday to Manila, aiming for the “early transfer” of Abukuma-class destroyers to the archipelago nation. The two countries’ shared grievances over Chinese territorial claims have seen them draw increasingly close in recent years, including the signing of a reciprocal access agreement allowing for the deployment of troops on each other’s territory. Defence Minister Shinjiro Koizumi’s visit came as...
Over the long-term, the stock market is very good at valuing companies. Not every stock price reaction to recent earnings reports seems fair. Through midday trading on Monday, more than 500 companies in the had reported quarterly results.
Over the long-term, the stock market is very good at valuing companies. Not every stock price reaction to recent earnings reports seems fair. Through midday trading on Monday, more than 500 companies in the had reported quarterly results.
The S&P Global Canada s ervices PMI in Canada increased to 49.20 points in April from 47.20 points in March of 2026. The Composite PMI® recorded 49.9 in April, just fractionally below the 50.0 no-change mark. A solid rise in manufacturing output was offset by a marginal fall in service sector activity. Paul Smith, Economics Director at S&P Global Market Intelligence: "Whilst Canada’s service secto...
The S&P Global Canada s ervices PMI in Canada increased to 49.20 points in April from 47.20 points in March of 2026. The Composite PMI® recorded 49.9 in April, just fractionally below the 50.0 no-change mark. A solid rise in manufacturing output was offset by a marginal fall in service sector activity. Paul Smith, Economics Director at S&P Global Market Intelligence: "Whilst Canada’s service sector continued to contract, it did so only marginally in April. Moreover, against the backdrop of tariffs and the war in the Middle East, overall performance wasn’t too bad when viewed in this context. Positively, new business volumes were up marginally, the first growth seen since November 2024, whilst there was also a small rise in employment. Confidence in the outlook also improved to an 18-month high, with firms pointing to government initiatives as supporting wider economic growth in the year ahead." More on Canada: Bank of Canada Neutral Hold (2.25%) - USD/CAD Rallies To 1.3 Dollar Reasserts Itself As Global Tensions Shift Currency Markets FX Levels For EUR/USD, USD/CAD And GBP/USD: USD Dumps Amid Peace Repricing Canada achieves surprise trade surplus in March as exports hit 14-month high Canada manufacturing PMI surges to 53.30 in April, up from 50.00 in March
VisionSys AI ( VSA ) on Tuesday said it plans to change the ratio of its American depositary shares, or ADSs, in a move equivalent to a 1-for-10 reverse split, effective around May 26. Under the change, one ADS will represent 2500 Class A ordinary shares, up from 250 shares currently. The adjustment will automatically convert every ten existing ADSs into one new ADS, with no action required from h...
VisionSys AI ( VSA ) on Tuesday said it plans to change the ratio of its American depositary shares, or ADSs, in a move equivalent to a 1-for-10 reverse split, effective around May 26. Under the change, one ADS will represent 2500 Class A ordinary shares, up from 250 shares currently. The adjustment will automatically convert every ten existing ADSs into one new ADS, with no action required from holders. The company said the move is expected to proportionally increase the ADS price. The shares will continue to trade on the Nasdaq Capital Market under the ticker “VSA.” Stock is down -2.37% at $0.73 in premarket trading, which is below Nasdaq’s minimum bid requirements. More on Tarena VisionSys AI to implement 1-for-10 ADS ratio change Financial information for Tarena
Duke Energy’s CFO Brian Savoy joins Bloomberg Open Interest to break down a strong earnings beat and explains why the company isn’t raising guidance yet. He reveals how AI data center demand is reshaping the power grid. He says the real edge is Duke's “speed to power” strategy that gets customers online years faster while managing grid strain. (Source: Bloomberg)
Duke Energy’s CFO Brian Savoy joins Bloomberg Open Interest to break down a strong earnings beat and explains why the company isn’t raising guidance yet. He reveals how AI data center demand is reshaping the power grid. He says the real edge is Duke's “speed to power” strategy that gets customers online years faster while managing grid strain. (Source: Bloomberg)
Russia saw the value of its oil exports jump to the highest since the Kremlin launched its full-scale invasion of Ukraine in February 2022, driven by rising flows and elevated prices triggered by the war in Iran. Four-week average crude flows rose to the highest since December, gaining for a second week as the impact of earlier Ukrainian drone strikes on key export ports continues to fade. The val...
Russia saw the value of its oil exports jump to the highest since the Kremlin launched its full-scale invasion of Ukraine in February 2022, driven by rising flows and elevated prices triggered by the war in Iran. Four-week average crude flows rose to the highest since December, gaining for a second week as the impact of earlier Ukrainian drone strikes on key export ports continues to fade. The value of shipments averaged a post-invasion high of $2.42 billion a week in the period to May 3. The surge in global oil prices has made Moscow a beneficiary of the Middle East war, which has upended energy markets and left refiners scrambling to replace lost barrels. The conflict has seen Tehran effectively close the vital Strait of Hormuz waterway, while the US has imposed its own blockade on Iranian ships. Amid the disruption, Washington has eased sanctions on Moscow’s oil, reopening some markets to Russian oil. Previously, attacks that targeted export hubs in Primorsk and Ust-Luga on the Baltic and at Novorossiysk on the Black Sea had hammered loading activity and sent shipments tumbling in late-March and early-April. But repairs have allowed shipments to resume, even though several storage tanks have been destroyed. A fresh attack on Primorsk on Sunday may hamper activity in the coming week. Four-week crude flows from Russia’s ports rose to 3.66 million barrels a day in the period to May 3, according to tanker-tracking data compiled by Bloomberg. That’s the highest since December and up by almost 500,000 barrels a day since mid-April. That’s even as shipments in the latest week were little changed at 3.78 million barrels a day. Imports of Russian crude by India averaged about 1.5 million barrels a day last month, down from March’s surge, but still about one-and-a-half times as much as they took in February. A record 13 cargoes of April-loading ESPO, Russia’s key Pacific export grade, headed to India, up from just three in February, before the Iran war began. Moscow has al...
US natural gas futures declined as flows to liquefied natural gas export terminals dropped to the lowest since late January, leaving more supplies within the domestic market. US gas traders may also be selling after oil price gains on Monday triggered financial inflows that pushed up the US gas contract, despite the fact that supply and demand for US gas are unaffected in the near term by day-to-d...
US natural gas futures declined as flows to liquefied natural gas export terminals dropped to the lowest since late January, leaving more supplies within the domestic market. US gas traders may also be selling after oil price gains on Monday triggered financial inflows that pushed up the US gas contract, despite the fact that supply and demand for US gas are unaffected in the near term by day-to-day Middle East tensions. Futures for June delivery -3.8c, or -1.3%, to $2.829/mmbtu on Nymex, as of 9:27am ET Weather: Forecasts shifted slightly warmer as the US gas market transitions toward the summer cooling season Below-average temperatures are expected across the Midwest through May 9: Commodity Weather Group See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Tuesday ~110.7 bcf/day, or +3.4% y/y Lower-48 total gas demand on Tuesday ~68.5 bcf/day, or +4.5% y/y Dry gas exports to Mexico on Tuesday ~7.2 bcf/day, or -6.7% w/w Estimated gas flows to LNG export terminals on Tuesday ~17.7 bcf/day, or -7.9% w/w Gas Market News: Europe Gas Prices Fluctuate as Traders Monitor Hormuz Stalemate LNG WRAP: Asian Prices Tipped to Rise on Escalating Hostilities AEP Eyes $10B in Investments Including in SoftBank’s Piketon