Key Points SPDR Gold Shares provides exposure to physical gold price movements, while State Street SPDR S&P 500 ETF Trust tracks a broad basket of large-cap U.S. stocks. SPDR Gold Shares offers a lower beta and has historically shown a shallower maximum drawdown over five years compared to State Street SPDR S&P 500 ETF Trust. State Street SPDR S&P 500 ETF Trust carries a lower expense ratio and pa...
Key Points SPDR Gold Shares provides exposure to physical gold price movements, while State Street SPDR S&P 500 ETF Trust tracks a broad basket of large-cap U.S. stocks. SPDR Gold Shares offers a lower beta and has historically shown a shallower maximum drawdown over five years compared to State Street SPDR S&P 500 ETF Trust. State Street SPDR S&P 500 ETF Trust carries a lower expense ratio and pays a regular dividend, whereas SPDR Gold Shares has a higher cost and generates no income. 10 stocks we like better than SPDR Gold Shares › Investors often view gold as a hedge against equity market volatility. While the broad-market State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) represents the core of many portfolios by tracking the 500 largest U.S. companies, SPDR Gold Shares (NYSEMKT:GLD) offers a low-correlation alternative to equities, providing higher recent returns and lower volatility focuses solely on the price of gold bullion. This comparison examines how these two heavyweights differ in cost, risk, and portfolio role. Snapshot (cost & size) Metric SPY GLD Issuer SPDR SPDR Expense ratio 0.09% 0.4% 1-yr return (as of 5/18/26) 25.7% 42.2% Dividend yield 0.96% None Beta 1 0.16 AUM $762 billion $151 billion The SPDR trust is the more affordable option, featuring an expense ratio of 0.09% versus 0.4% for GLD. Because the equity fund holds dividend-paying companies, it provides a 1% yield, whereas the gold fund provides no income payout. Performance & risk comparison Metric SPY GLD Max drawdown (5 yr) (24.5%) (22%) Growth of $1,000 over 5 years (total return) $1,925 $2,389 What's inside SPDR Gold Shares tracks the price of physical gold bullion by holding the asset in secure vaults. Because it is backed by a physical commodity, its portfolio concentrates 100% of its weight in physical gold bullion rather than shares of various companies. This fund, which was launched in 2004, does not provide a trailing-12-month dividend because it does not hold income-generating sec...
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . India’s central bank will inject liquidity to the equivalent of $5 billion via a swap auction, it said in a statement. The buy/sell swap auction on May 26 will be for a tenor of three years, the Reserve Bank of India said...
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . India’s central bank will inject liquidity to the equivalent of $5 billion via a swap auction, it said in a statement. The buy/sell swap auction on May 26 will be for a tenor of three years, the Reserve Bank of India said.
By Marie Mannes STOCKHOLM, May 20 (Reuters) - Tesla said on X on Wednesday that its Full Self-Driving (Supervised) driver assistance software was being rolled out in Lithuania, the second country in Europe to do so after Dutch approval last month. • Dutch regulator RDW is seeking EU-wide acceptance, but other member states can recognise the Dutch approval and allow the system to be deployed. ...
By Marie Mannes STOCKHOLM, May 20 (Reuters) - Tesla said on X on Wednesday that its Full Self-Driving (Supervised) driver assistance software was being rolled out in Lithuania, the second country in Europe to do so after Dutch approval last month. • Dutch regulator RDW is seeking EU-wide acceptance, but other member states can recognise the Dutch approval and allow the system to be deployed. • The Lithuanian Transport Safety Administration confirmed Lithuania has recognised the Dutch certification. • Belgium was expected to be the first country to follow the Dutch as an authorisation process had started in the Flanders region where one Tesla car is testing FSD on roads. • The Greek transport ministry said on Wednesday it had an upcoming bill granting the same type of approval as the Dutch. • Dutch RDW tested the system for over 1 1/2 years on a test track and on public roads before granting approval. (Reporting by Marie Mannes in Stockholm and Angeliki Koutantou in Athens, Editing by Bernadette Baum)
It happened, as most of the best fashion moments do these days, at Cannes. I’m not talking about Demi Moore wearing a pink bow the size of a dog, or Jane Fonda sparkling in Gucci to the point of blindness, but John Travolta, of all people, who appeared at the festival this week to debut a new film and a new look, the centrepiece of which was a beret. He actually had three in rotation, in black, br...
It happened, as most of the best fashion moments do these days, at Cannes. I’m not talking about Demi Moore wearing a pink bow the size of a dog, or Jane Fonda sparkling in Gucci to the point of blindness, but John Travolta, of all people, who appeared at the festival this week to debut a new film and a new look, the centrepiece of which was a beret. He actually had three in rotation, in black, brown and cream. On the seafront boulevard La Croisette, he paired them with wire-frame spectacles and a beard that appeared to have been applied with a felt-tip pen. A beret, beard and specs you say? Hardly a radical glow up for a 72-year-old celebrity. But that didn’t stop images of Travolta from going viral, sparking some lively online conversations comparing him to – in no order – a barista, a Bond villain and a character from Guess Who?. Happily, the man himself was delighted to reveal his inspiration in a charming interview with CNN. Since he was marking his first foray into directing, Travolta had decided to dress like film directors from the past. “You’re an actor,” he had told himself, scrolling through images of Ingmar Bergman and Roberto Rossellini in similar getup. “Play the part of a director.” In other words: manifest. View image in fullscreen Swedish director Ingmar Bergman wearing a beret in 1957. Photograph: SCANPIX/AP Travolta’s admission had a spectacular effect in softening the hot takes. He had simply dressed for the part he wanted, or at least wanted to be known for. And however absurd his outfits were – particularly when he was waving his honorary Palme d’Or around – there was a small part of me, and perhaps all of us, that felt incredibly seen. Who among us has not used clothes to try to shift an outcome? Perhaps as a way of signalling an attempted career change, or to forge a new identity after a breakup. Or in my case, to partly defang the industry I work in – fashion – by wearing Birkenstocks (though it helps that they’re comfy too). However you fee...
AllianceBernstein is backing German global tank parts and transmissions maker Renk as a standout opportunity amid a sharp retreat in European defense stocks. Marcus Morris-Eyton, a portfolio manager at AllianceBernstein, said the sector's recent selloff has created more attractive entry points into long-term military spending themes. European defense names were among the key winners in 2025. The S...
AllianceBernstein is backing German global tank parts and transmissions maker Renk as a standout opportunity amid a sharp retreat in European defense stocks. Marcus Morris-Eyton, a portfolio manager at AllianceBernstein, said the sector's recent selloff has created more attractive entry points into long-term military spending themes. European defense names were among the key winners in 2025. The Stoxx Europe Total Market Aerospace and Defense Index closed the year up 56.5%, boosted by the commitment by NATO members to increase their defense spending to 5% of GDP. But investor excitement around the continent's defense "mega-trend" has since soured, with some names off between 20% and 30% from last year's highs. "You've seen growing investor questions around the execution risk of that growing defense spending," Morris-Eyton told CNBC's "Squawk Box Europe" on Wednesday. Defense and national security remain a cornerstone of Germany's landmark fiscal expansion, with Berlin pledging to ramp up military spending to at least 1% of its total GDP. Yet "inevitable" budget delays and "procurement bureaucracy" have hindered the progress of defense contracts there, Morris-Eyton said. As a result, certain German defense stocks that traded on "mid-to-high 30s" P/E multiples have reversed course and are now in the low-20s, he explained. That's now throwing up attractive individual trades within the sector. "The market probably became a bit overheated, and now I think we're at a more interesting level." R3NK-DE YTD mountain Renk AG. Morris-Eyton highlighted Renk as a key portfolio pick. The Bavarian defense mainstay, which manufactures engines, gearboxes and other specialist parts for tanks, naval vessels and other combat vehicles, is the "the global market leader for tank transmissions", he said. That chimes with AllianceBernstein's preference for longer-cycle defense plays. "The beauty of that business model is that it's very aftermarket-centric — once you sell the transmission you...
Roivant Sciences Ltd. (ROIV) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actua...
Roivant Sciences Ltd. (ROIV) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.21, delivering a surprise of 22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Montes Archimedes Acquisition , which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $28.93 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 10.86%. This compares to year-ago revenues of $27.38 million. The company has topped consensus revenue estimates two times 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. Montes Archimedes Acquisition shares have lost about 4.5% since the beginning of the year versus the S&P 500's gain of 10.4%. What's Next for Montes Archimedes Acquisition? While Montes Archimedes Acquisition has underperformed 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 ...
Ryanjlane | E+ | Getty Images President Donald Trump is changing the way Americans can save through the creation of new investment accounts . Soon-to-launch Trump Accounts will provide an initial $1,000 deposit to U.S. children who have a Social Security number and who were born between 2025 and 2028. By the time those children turn 18, those accounts could reach "at least $50,000 in value," Trump...
Ryanjlane | E+ | Getty Images President Donald Trump is changing the way Americans can save through the creation of new investment accounts . Soon-to-launch Trump Accounts will provide an initial $1,000 deposit to U.S. children who have a Social Security number and who were born between 2025 and 2028. By the time those children turn 18, those accounts could reach "at least $50,000 in value," Trump has said , while additional contributions could bring those balances even higher. Trump also recently signed an executive order to create a new website, TrumpIRA.gov, to enable adult workers without employer-sponsored plans to set aside money for retirement. Social Security faces a looming projected depletion date that may trigger benefit cuts . Sen. Ted Cruz, R-Texas, recently said the new Trump Accounts for children could serve as a model for the more than 90-year-old benefits program. Sen. Ted Cruz, R-Texas, speaks during a news conference at the U.S. Capitol on May 9, 2024 in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images "Conservatives in America for 50 years have been trying to do that — have been trying to do Social Security personal accounts," Cruz said on May 4 at the Milken Institute Global Conference, according to a written transcript . "Here's the dirty little secret. Trump Accounts are Social Security personal accounts." Those account balances, which Cruz said may climb into the millions with regular contributions over the decades from childhood, "will become Social Security personal accounts." The idea of creating personal Social Security accounts was pitched by President George W. Bush in 2004 and 2005. The plan, which called for allowing younger workers to voluntarily put a portion of their payroll taxes, failed due to a lack of public support. In response to Cruz's recent comments, Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, an advocacy group, said in a statement that "the people...
Analog Devices (ADI) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.81%. A quarter ago, it was expected that this semiconductor maker would post earnings of $2.3 per sh...
Analog Devices (ADI) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.81%. A quarter ago, it was expected that this semiconductor maker would post earnings of $2.3 per share when it actually produced earnings of $2.46, delivering a surprise of +6.96%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Analog Devices, which belongs to the Zacks Semiconductor - Analog and Mixed industry, posted revenues of $3.62 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 3.14%. This compares to year-ago revenues of $2.64 billion. The company has topped consensus revenue estimates four times 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. Analog Devices shares have added about 52.8% since the beginning of the year versus the S&P 500's gain of 7.4%. What's Next for Analog Devices? While Analog Devices 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 earn...
GDS Holdings (GDS) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of a loss of $0.22 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 318.18%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when...
GDS Holdings (GDS) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of a loss of $0.22 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 318.18%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.10, delivering a surprise of 62.96%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. GDS Holdings , which belongs to the Zacks Technology Services industry, posted revenues of $375.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.20%. This compares to year-ago revenues of $363.89 million. The company has topped consensus revenue estimates three times 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. GDS Holdings shares have added about 14% since the beginning of the year versus the S&P 500's gain of 1.4%. What's Next for GDS Holdings? While GDS Holdings 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 estimate revisions. Ah...
Meta Platforms has struggled since the summer. Is the social-media giant getting left behind? The first pattern on today’s chart is the series of lower highs since August. That could be viewed as a downtrend. Second, the slide contrasts with the broader S&P 500 breaking out to new highs. That may suggest that sellers outnumber buyers. Third, META has failed to recover after dropping on its last qu...
Meta Platforms has struggled since the summer. Is the social-media giant getting left behind? The first pattern on today’s chart is the series of lower highs since August. That could be viewed as a downtrend. Second, the slide contrasts with the broader S&P 500 breaking out to new highs. That may suggest that sellers outnumber buyers. Third, META has failed to recover after dropping on its last quarterly report. The resulting bearish gap could be viewed as resistance. Fourth, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. All three are falling. Those signals may reflect a longer-term downtrend. Fifth, the 8-day exponential moving average (EMA) is under the 21-day EMA. MACD is also falling. Those signals may reflect short-term weakness. Next, traders could look for a retest of the March 27 low at $520.26. Finally, META is an active underlier in the options market. (Its average daily volume of 580,000 contracts ranks ninth in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year! Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and exe...
POSCO Holdings Inc. PKX recently announced that it has secured a stake in a top-tier Australian lithium mine to strengthen its rechargeable battery lithium supply chain. The company signed a lithium mine investment agreement worth about $765 million (KRW 1.1 trillion) with Australian mining company Mineral Resources in Perth, Australia. Under the deal, POSCO Holdings will form a new intermediate h...
POSCO Holdings Inc. PKX recently announced that it has secured a stake in a top-tier Australian lithium mine to strengthen its rechargeable battery lithium supply chain. The company signed a lithium mine investment agreement worth about $765 million (KRW 1.1 trillion) with Australian mining company Mineral Resources in Perth, Australia. Under the deal, POSCO Holdings will form a new intermediate holding company with Mineral Resources and acquire a 30% stake in the venture. The agreement provides POSCO Holdings long-term access to lithium concentrate from the Wodgina and Mt. Marion mines in Western Australia, both regarded as globally competitive hard-rock lithium assets. Wodgina is among the world’s top five lithium mines, with around 6.2 million tons of lithium carbonate equivalent reserves and high concentrate grades, while Mt. Marion has roughly 2.2 million tons of reserves and established production operations. Through the contract, POSCO Holdings secured rights to 30% of the lithium concentrate produced by the joint venture, LithiumCo. Per PKX, the partnership combines Mineral Resources’ mining expertise with POSCO Holdings’ downstream processing capabilities. It will help strengthen and stabilize the global battery materials supply chain while deepening the companies’ long-term collaboration in the lithium market. POSCO added that the Australian lithium investment, along with its recent lithium salt lake acquisitions in Argentina, supports its strategy of securing high-quality global resources. It will expand raw-material self-sufficiency and strengthen competitiveness in the global rechargeable-battery materials market. Shares of PKX have gained 70.7% in the past year against the industry’s 7.5% decline. Image Source: Zacks Investment Research PKX Zacks Rank & Key Picks PKX currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the Conglomerates space are ITT Inc. ITT, Mitsui & Co., Ltd. MITSY and Sumitomo Corporation SSUMY. ITT, MITSY ...
(RTTNews) - Modestly higher Canadian and U.S. futures, amid some hopes for a potential U.S.-Iran peace deal point to a positive start for Canadian stocks on Wednesday. Oil prices dropped after U.S. President Donald Trump said the war with Iran will end "very quickly." Although a positive start is on the cards, the mood in the market may turn a bit cautious with investors awaiting crucial earnings ...
(RTTNews) - Modestly higher Canadian and U.S. futures, amid some hopes for a potential U.S.-Iran peace deal point to a positive start for Canadian stocks on Wednesday. Oil prices dropped after U.S. President Donald Trump said the war with Iran will end "very quickly." Although a positive start is on the cards, the mood in the market may turn a bit cautious with investors awaiting crucial earnings updates next week. Canadian stocks ended weak on Tuesday after fluctuating over the course of the trading session. The choppy trading came as U.S. President Donald Trump halted a planned military attack on Iran but observed that strikes could commence soon if Iran fails to strike a deal. The benchmark S&P/TSX Composite Index bounced back and forth across the unchanged line as the day progressed before settling at 33,741.24, down by 92.11 points or 0.27%. Asian stocks settled lower on Wednesday as Hormuz concerns and higher bond yields raised concerns about inflation, interest rates and economic growth. Investors also awaited Nvidia's upcoming earnings and forward guidance for fresh clues on the strength of artificial intelligence-driven demand. European stocks are modestly higher with investors digesting regional economic data and focusing on geopolitical developments. In commodities, West Texas Intermediate Crude oil futures are up $1.63 or 1.57% at $102.52 a barrel. Gold futures are down $10.60 or 0.24% at $4,500.60 an ounce, while Silver futures are gaining $0.896 or 1.19% at $76.055 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.
The big takeaway on Taiwan Semi, Google is updating search for AI era, Toll Brothers earnings show luxury homes are selling, and more news to start your day.
The big takeaway on Taiwan Semi, Google is updating search for AI era, Toll Brothers earnings show luxury homes are selling, and more news to start your day.
ArcelorMittal S.A. MT recently announced that it has unlocked value from its investment in Vallourec SA through a partial sell-down of its shareholding, with proceeds being allocated toward share buybacks. The company sold around 23.9 million Vallourec shares, representing roughly 10% of Vallourec’s outstanding share capital, at €24 per share, generating gross proceeds of roughly $667 million (€57...
ArcelorMittal S.A. MT recently announced that it has unlocked value from its investment in Vallourec SA through a partial sell-down of its shareholding, with proceeds being allocated toward share buybacks. The company sold around 23.9 million Vallourec shares, representing roughly 10% of Vallourec’s outstanding share capital, at €24 per share, generating gross proceeds of roughly $667 million (€573 million). Settlement is expected to occur on or around May 21, 2026. ArcelorMittal will retain an approximately 17.3% stake in Vallourec and continue to hold a board seat, reflecting its ongoing strategic interest in the company. ArcelorMittal had originally acquired a 28.4% stake in Vallourec in 2024 from funds managed by Apollo Global Management, Inc. at €14.64 per share. Per MT, the proceeds will be directed toward ongoing share repurchase programs as part of its shareholder return strategy. The company emphasized that the transaction demonstrates disciplined capital allocation by monetizing a successful investment while continuing to support Vallourec’s long-term growth prospects in premium tubular products and energy-transition-related applications. Shares of MT popped 90.1% in the past year compared with the industry’s 76.1% rise. Image Source: Zacks Investment Research MT’s Zacks Rank & Key Picks MT currently carries a Zacks Rank of #3 (Hold). Some better-ranked stocks in the Basic Materials space are Nucor Corporation NUE, L.B. Foster Company FSTR and Albemarle Corporation ALB. NUE, FSTR and ALB sport a Zacks Rank of #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for NUE’s current-year earnings stands at $14.58 per share, implying an 89.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%. The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implyi...
A consortium of European companies will bid on a €10 billion ($11.6 billion) project to build a major data center campus in France as part of a European Union effort to boost artificial intelligence infrastructure on the continent. The wider group, called AION, includes telecommunications firms Iliad SA and Orange SA , private equity firm Ardian , energy supplier Electricite de France SA and data ...
A consortium of European companies will bid on a €10 billion ($11.6 billion) project to build a major data center campus in France as part of a European Union effort to boost artificial intelligence infrastructure on the continent. The wider group, called AION, includes telecommunications firms Iliad SA and Orange SA , private equity firm Ardian , energy supplier Electricite de France SA and data center operator Scaleway among others, AION said in a statement on Wednesday. “In the end, the total financing need could go beyond €10 billion,” Benoit Gaillochet , head of infrastructure Europe for Ardian, said at a press conference in Paris. The European Commission last year announced it would contribute funding for five large data centers on the continent to develop AI models. The EU has identified developing computing resources as a political priority, in a bid to lessen the bloc’s reliance on US tech. But the scale of planned infrastructure projects is smaller than in other regions and, outside of French AI company Mistral AI, few firms are developing popular models.
M. Suhail/iStock Editorial via Getty Images Tapestry ( TPR ) reported better than anticipated results for the most recent quarter, with revenue growing 23% year-over-year, and EPS increasing by as much as 62%. There is a lot to like about these results, but I am still not convinced that TPS's stock is an attractive investment opportunity at the current price levels. The firm's valuation, the curre...
M. Suhail/iStock Editorial via Getty Images Tapestry ( TPR ) reported better than anticipated results for the most recent quarter, with revenue growing 23% year-over-year, and EPS increasing by as much as 62%. There is a lot to like about these results, but I am still not convinced that TPS's stock is an attractive investment opportunity at the current price levels. The firm's valuation, the current consumer sentiment, the uncertainty related to the Kate Spade turnaround strategy, as well as the firm's relatively high debt levels compared to the cash position are all concerning. For these reasons, I believe that my previously established hold rating is still justified. The aim of my writing today is to give you a bit more context around these topics, using the company's most recent earnings report . What I like Today, in the current macroeconomic environment, delivering a 23% revenue growth with expanding margins is exceptional, in my view. This revenue growth has been also broad-based geographically, meaning at all but one segment (Japan) posted double digit growth. New customer acquisitions and increased consumer spend were some of the key reasons for the growth. I have to point out that the Greater China segment - which is actually the second largest segment by revenue, grew as much as 55% YoY. Highlights (Tapestry) Revenue by Geography (Tapestry) So I definitely like that the firm's growth is global and driven by strong demand. When we break down the revenue by brand, the picture looks at a bit different though. It is clear that they key driver of the revenue growth is the Coach brand. This is the company's flagship brand accounting for 90% of the sales and it also have better profitability metrics. Kate Spade has been lagging Coach significantly, and in the most recent quarter sales declined by as much as 11% compared to the prior year. Normally, if I see something like this, I do not like it. But if we put it into context, and discuss why the revenue decline i...
Lemon_tm Jefferies boosted its rating on C.H. Robinson Worldwide ( CHRW ) after visiting management at its headquarters. After six months of share price underperformance, analyst Stephanie Moore and her team see a compelling entry point. Moore said the firm has increased conviction on the stock on its view that a technology and productivity transformation is still in early innings. Moore also poin...
Lemon_tm Jefferies boosted its rating on C.H. Robinson Worldwide ( CHRW ) after visiting management at its headquarters. After six months of share price underperformance, analyst Stephanie Moore and her team see a compelling entry point. Moore said the firm has increased conviction on the stock on its view that a technology and productivity transformation is still in early innings. Moore also pointed to a post-Montgomery regulatory environment that structurally favors scaled brokers and a balance sheet that positions CHRW as a natural consolidator. "With the stock now trading at a relative discount to some best-in-class peers, investors are being offered exposure to a business that has structurally re-rated its cost structure, carries a clean path to significant earnings power expansion at cycle inflection, and now benefits from a regulatory catalyst that reinforces its competitive moat. We see risk/reward as skewed meaningfully to the upside," highlighted Moore. Jefferies assigned a price target of $195 to C.H. Robinson Worldwide ( CHRW ), representing 18% upside potential. Shares of CHRW were up 2.2% in premarket trading. More on C.H. Robinson Worldwide C.H. Robinson Worldwide, Inc. (CHRW) Q1 2026 Earnings Call Transcript C.H. Robinson Worldwide, Inc. 2026 Q1 - Results - Earnings Call Presentation C.H. Robinson: Transportation Brokering Is Too Expensive SCOTUS decision unlikely to stall C.H. Robinson's financial future—Citi Research SCOTUS decision leaves trucking brokers exposed to accident lawsuits; shippers see higher rates
Perion Network (PERI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +83.33%. A quarter ago, it was expected that this digital media company would post earnings of $0.49 p...
Perion Network (PERI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +83.33%. A quarter ago, it was expected that this digital media company would post earnings of $0.49 per share when it actually produced earnings of $0.49, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Perion Network, which belongs to the Zacks Internet - Content industry, posted revenues of $90.37 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.3%. This compares to year-ago revenues of $89.34 million. The company has topped consensus revenue estimates three times 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. Perion Network shares have added about 11.4% since the beginning of the year versus the S&P 500's gain of 7.4%. What's Next for Perion Network? While Perion Network 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 estimate revi...
da-kuk/E+ via Getty Images U.S. equities are partying at all-time highs, but BTC can't break out of the $80,000 range, sitting 35-40% below last October's peak. This week: $635 million pulled from spot ETFs in a single day, $500 million in longs liquidated at the 200-day MA, and a new Fed Chair whose first move remains unknown. Yet beneath the surface, JPMorgan quietly tripled its Bitcoin ETF posi...
da-kuk/E+ via Getty Images U.S. equities are partying at all-time highs, but BTC can't break out of the $80,000 range, sitting 35-40% below last October's peak. This week: $635 million pulled from spot ETFs in a single day, $500 million in longs liquidated at the 200-day MA, and a new Fed Chair whose first move remains unknown. Yet beneath the surface, JPMorgan quietly tripled its Bitcoin ETF position, and perpetual shorts have hit record levels. Will Bitcoin stay stuck? U.S. Equities Rally to ATH. Why Hasn't Bitcoin Followed? U.S. equities are deep into a risk-on rally. The S&P 500 and Nasdaq continue to print record highs, with the Dow reclaiming the 50,000 level. AI momentum, strong corporate earnings, and optimism around U.S.-China cooperation following the Beijing summit are fueling aggressive equity inflows. Yet, Bitcoin ( BTC-USD ) remains range-bound near $80,000, roughly 35-40% below its October 2025 all-time high above $126,000. Source: @TheBTCTherapist The disconnect has become one of the most discussed questions among investors this week. Two factors explain the divergence: 1 - Bitcoin may have already priced in its risk cycle ahead of equities. As a 24/7 globally traded asset, Bitcoin reprices geopolitical shocks, liquidity shifts, and weekend headlines in real time, while equities wait for the next session open. When BTC hit $126,000 last October, leverage and greed were at extremes, followed by mass liquidations. That was crypto's version of peak risk appetite. U.S. equities, driven by AI trades and the China thaw, appear to be entering a similar euphoric phase now. Bitcoin is not lagging; it may have front-run this cycle. 2 - The real constraint is liquidity. Bitcoin is highly sensitive to global liquidity conditions. Rate cuts, QE expectations, and loose financial conditions drive crypto inflows. The current macro environment offers none of that. April CPI came in at 3.8% YoY, the highest since May 2023. The PPI print was even more striking: 1.4% Mo...