TexBr/iStock via Getty Images The MSCI Brazil Index (Net) continued to show momentum and advanced over 19% in the first quarter, 1 as allocators appeared to see value in single-digit valuation multiples, commodity exposure, easing monetary policy, and a meaningful political calendar. Market Review Brazilian equities posted strong gains in the first quarter of 2026, supported by higher commodity pr...
TexBr/iStock via Getty Images The MSCI Brazil Index (Net) continued to show momentum and advanced over 19% in the first quarter, 1 as allocators appeared to see value in single-digit valuation multiples, commodity exposure, easing monetary policy, and a meaningful political calendar. Market Review Brazilian equities posted strong gains in the first quarter of 2026, supported by higher commodity prices, resilient domestic demand, and improving fiscal expectations. Energy names led the rally, first driven by investors looking for value, cyclical, and asset heavy business models, and then eventually from the price spike resulting from geopolitical turmoil in the Middle East. Brazil’s central bank also began a potentially impactful interest rate cutting cycle March 18. Looking at the past seven completed rate-cutting cycles in Brazil, the average MSCI Brazil Index (Net) rally stood at roughly +95% (cumulative), where the average drawdown was around -15% (cumulative). 2 While past performance is not a guarantee of future results, this historical context supports a potentially constructive return profile. Last, Brazil faces an important Presidential Election later this year, and the market may be incorporating improving polling numbers from the opposition, as President Lula’s popularity continued to sink last quarter. 3 Fund Review The Global X Brazil Active ETF gained 18.07% (NAV return) in the first quarter, taking 12-month returns up to 55.58%. The high teen performance slightly underperformed the 19.10% return for the MSCI Brazil Index (Net). While the fund slightly lagged, it captured most of the market’s upside, consistent with its focus on higher-quality compounders. Sector positioning and stock selection within energy and financials drove positive attribution. Energy contributed 1.29%, supported by both Petrobras exposure and positioning in smaller peer, Petro Rio. 4 Financials added 0.72%, led by positions in Itau, Banco Bradesco, and capital markets names that b...
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. Starbucks says it could be the small pleasure we all need in these troubled times. Speaking of little, Coca-Cola says its mini cans are a hit. And soaring oil prices could be coming for your toilet paper and l...
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. Starbucks says it could be the small pleasure we all need in these troubled times. Speaking of little, Coca-Cola says its mini cans are a hit. And soaring oil prices could be coming for your toilet paper and laundry detergent . Check it all out below... — Tonya Garcia Market Snapshot Brown-Forman Corp $25.77 +3.6% Coca-Cola Co/The $78.76 -0.1% Starbucks Corp $105.33 -0.2% Chipotle Mexican Grill Inc $33.99 +3.0% adidas AG $147.80 -0.4% Market data as of 09:18 AM ET. Data is subject to provider delays. The true value of a Starbucks run As consumers feel pinched, Starbucks is betting there’s still room in people’s wallets for $7 lattes. Just when you may have been starting to wonder whether Starbucks CEO Brian Niccol’s $100 million-plus salary was a waste of money, the coffee chain reported quarterly earnings that beat expectations . The company now expects comp sales for the year of 5% or greater, up from previous guidance for 3% or more. China still has a ways to go, but the US showed signs of improvement. Starbucks has invested in making its stores more comfortable and expanding marketing while cutting costs, all good things for a turnaround. During an interview with Bloomberg TV, Niccol also touched on something else that’s of maximum importance for any consumer company at this moment. “The fact that we can give you a little touch of luxury regardless of where you fall on the income scale, people appreciate it,” he said. The world is chaotic right now and we’re all looking to reward ourselves for simply keeping it together. The phrase “treat yo self” is running through many peoples’ minds multiple times per day. But customers are also watching their money closely due to the economic uncertainty coming at them from all angles. Even a small treat has a budget. “Whether it feels l...
HOUSTON, May 01, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced the successful close of the transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. ("Zayo") and its Small Cell business to Arium Networks, an EQT Active Core Infrastructure fund ("EQT") company for $8.5 billion, or approximately $8.4 billion net of preliminary adjustments ...
HOUSTON, May 01, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced the successful close of the transaction to sell its Fiber Solutions business to Zayo Group Holdings Inc. ("Zayo") and its Small Cell business to Arium Networks, an EQT Active Core Infrastructure fund ("EQT") company for $8.5 billion, or approximately $8.4 billion net of preliminary adjustments under the stock purchase agreement. Consistent with prior disclosures, Crown Castle expects to use a portion of the sale proceeds to repurchase $1.0 billion of shares under its stock repurchase program approved by its Board of Directors effective May 1, 2026, and reduce outstanding debt by more than $7.0 billion.
Adobe (NASDAQ:ADBE) primarily generates revenue through software subscriptions across its digital media and digital experience divisions, enabling creators and enterprise marketers to design, manage, and optimize digital content. It announced the acquisition of Semrush and the upcoming transition of its chief executive officer, while reporting an approximately 30% net income margin for the quarter...
Adobe (NASDAQ:ADBE) primarily generates revenue through software subscriptions across its digital media and digital experience divisions, enabling creators and enterprise marketers to design, manage, and optimize digital content. It announced the acquisition of Semrush and the upcoming transition of its chief executive officer, while reporting an approximately 30% net income margin for the quarter ended Feb. 27, 2026. Salesforce (NYSE:CRM) primarily earns revenue by offering cloud-based customer relationship management software, enterprise analytics tools, and workplace communication platforms that connect businesses with their end customers. Continue reading
Palantir is set to report earnings Monday afternoon, with traders expecting a big swing in the data analytics software maker's stock in the days that follow.
Palantir is set to report earnings Monday afternoon, with traders expecting a big swing in the data analytics software maker's stock in the days that follow.
Baloncici Estée Lauder’s ( EL ) successful Beauty Reimagined initiative and merchandise expansion on Amazon ( AMZN ) and Shopify ( SHOP ) were reflected in the company’s fiscal third-quarter results, highlighted by increased profitability and margins and free cash flow that more than tripled from a year ago. The better-than-expected results, coupled with an increase to its full-year outlook, fuele...
Baloncici Estée Lauder’s ( EL ) successful Beauty Reimagined initiative and merchandise expansion on Amazon ( AMZN ) and Shopify ( SHOP ) were reflected in the company’s fiscal third-quarter results, highlighted by increased profitability and margins and free cash flow that more than tripled from a year ago. The better-than-expected results, coupled with an increase to its full-year outlook, fueled a double-digit gain in Friday’s premarket trading, putting the stock on track to open at its highest level in more than a month. “Our third-quarter results extend strong year-to-date performance, driven by Beauty Reimagined,” said Stéphane de La Faverie, Estée Lauder CEO. “Fiscal 2026 is promising to be the pivotal year we intended, one in which we restore organic sales growth and expand our adjusted operating margin for the first time in four years.” For FQ3, Estée Lauder ( EL ) earned an adjusted profit of $0.91, an increase of 40% year-over-year and $0.26 better than expected. With net sales up 5%, the company’s adjusted gross margin widened 140 basis points to 76.4%. While operating income was negatively impacted by a litigation settlement, excluding this one-time charge, adjusted operating income improved as well, driving the adjusted operating margin to 15%, an improvement of 360 basis points from last year. By product category, fragrance outperformed with a 12% year-over-year increase in sales, while sales in skin care, makeup, and hair care were roughly flat from a year ago, with declines in its Clinique brand in both skin care and makeup offsetting gains in La Mer, The Ordinary, and the Estée Lauder makeup brand. In fragrance, the double-digit gain was driven by the company’s luxury brands, including Le Labo, Kilian Paris, Balmain, and Tom Ford. On the balance sheet, free cash flow increased to $891M, reflecting strong cash flows from operations and the timing of capital expenditures. For the remainder of the year, Estée Lauder ( EL ) now expects organic new sale...
Investing.com -- Tesla registrations continued to recover across some European markets in April, with sales rising in Denmark, France and the Netherlands as surging fuel prices following the Iran war drive consumer interest in electric vehicles.
Investing.com -- Tesla registrations continued to recover across some European markets in April, with sales rising in Denmark, France and the Netherlands as surging fuel prices following the Iran war drive consumer interest in electric vehicles.
Shares were down 2.7% in premarket trading, while and futures were up 0.1% and 0.2%, respectively. Coming into Friday trading, NIO stock was up 25% year to date and up 58% over the past 12 months. Li’s stock was up 1.2% in premarket trading.
Shares were down 2.7% in premarket trading, while and futures were up 0.1% and 0.2%, respectively. Coming into Friday trading, NIO stock was up 25% year to date and up 58% over the past 12 months. Li’s stock was up 1.2% in premarket trading.
Raisa Macouzet/iStock Editorial via Getty Images Back at the end of December, I was still quite bullish on Hudbay Minerals ( HBM ), despite the run-up the stock had already seen. The price of copper had continued to appreciate, and with another major site being prepared to come on line, Hudbay still seemed a strong play. Some important things have happened in the past four months though, meaning w...
Raisa Macouzet/iStock Editorial via Getty Images Back at the end of December, I was still quite bullish on Hudbay Minerals ( HBM ), despite the run-up the stock had already seen. The price of copper had continued to appreciate, and with another major site being prepared to come on line, Hudbay still seemed a strong play. Some important things have happened in the past four months though, meaning we need to reanalyze the company. The most obvious came in March, when Hudbay announced its intention to acquire Arizona Sonoran Copper ( ASCUF ), a company they already owned a portion of, in an all-stock deal worth around $1.5 billion . That’s a huge deal for Hudbay, and amounts to an 11% dilution to the current shareholders for the acquisition of Arizona Sonoran. We need to consider if the premium they paid was truly worth it. The price of copper has also been doing quite well, supporting continued margin expansion for Hudbay’s producing mines, even though production on the whole is actually down somewhat YoY. There’s plenty to discuss here, but before we get too deep into it, we should start by looking over the financials, after a narrow Q4 miss to cap off what was otherwise an overwhelmingly successful 2025, and a complicated Q1 beat to start off 2026. Growing and Improving Margins Despite having some one-off production issues at their existing sites, Hudbay ended 2025 with record numbers, beating the previous year on all counts and coming in with much strong margins than they could previous claim. 2023 2024 2025 Revenue $1.69 billion $2.02 billion $2.21 billion Gross Profit $393 million $554 million $743 million Gross Margin 23.3% 27.4% 33.6% Operating Income $297 million $400 million $917 million Operating Margin 17.6% 19.8% 41.5% Interest Expenses ($76.2 million) ($69.8 million) ($60.7 million) Net Income $66.4 million $76.7 million $569 million GAAP EPS 22¢ 20¢ $1.44 Non-GAAP EPS 23¢ 48¢ 67¢ Click to enlarge (source: 40-F annual reports from FY2024 , FY2025 ) Before...
(RTTNews) - Hyundai Motor America reported Friday that it sold a total of 80,157 units in April 2026, down 2 percent from last year's 81,503 units, driven by electrified vehicles that accounted for one-third of total sales.
(RTTNews) - Hyundai Motor America reported Friday that it sold a total of 80,157 units in April 2026, down 2 percent from last year's 81,503 units, driven by electrified vehicles that accounted for one-third of total sales.
Getty Images/Getty Images News Chinese EV giant BYD ( BYDDF ) is facing growing pressure as its vehicle sales dropped for the eighth straight month in April, falling 15.5% year-over-year. The slowdown marks BYD’s longest-ever sales decline, driven mainly by weak demand in China’s mass-market EV segment. Still, overseas business remained a bright spot. The company's passenger vehicle and pickup exp...
Getty Images/Getty Images News Chinese EV giant BYD ( BYDDF ) is facing growing pressure as its vehicle sales dropped for the eighth straight month in April, falling 15.5% year-over-year. The slowdown marks BYD’s longest-ever sales decline, driven mainly by weak demand in China’s mass-market EV segment. Still, overseas business remained a bright spot. The company's passenger vehicle and pickup exports jumped 35% to around 130K vehicles in April, according to Reuters calculations based on a Weibo post by executive Li Yunfei. The company is increasingly relying on global markets as Chinese buyers shift toward more premium EV models and trade-in subsidies for lower-priced cars lose impact. To stay competitive, the company is reportedly rolling out EVs with faster-charging batteries and expanding its ultra-fast charging network. At the same time, the company said it will raise prices for its in-house driving-assistant system starting Friday due to higher global memory chip costs. The pressure is also showing up in earnings. BYD’s Q1 net profit fell 55.4% YoY to ¥4.1B ($599.5M), while revenue dropped 11.8% to ¥150.2B, marking its third consecutive quarterly revenue decline. Adding to concerns, it has also come under scrutiny in Europe over alleged labor abuses linked to its Hungary operations. Following this market concern, the shares fell 3.3% to ¥102.98 on April 30. More on BYD Co. ADR BYD: Looking Forward To 2H26 Comebacks Amid New Models And Iterations BYD Tech Advances, Interest In Racing Are Clues To Further International Expansion BYD: Too Cheap To Ignore, Too Unclear To Buy BYD draws EU scrutiny over labor abuse allegations at Hungary factory: report Chinese auto giant BYD considers entering Formula 1 racing
CRobertson The 152nd Kentucky Derby on May 2 is expected to be the biggest single wagering day in North American horse racing and a major event for operators tied into Churchill Downs' ( CHDN ) ecosystem. Last year, the Kentucky Derby saw on‑track attendance at Churchill Downs of 147,406, a step down from the prior year but still among the largest live sports crowds in the U.S. All-sources wagerin...
CRobertson The 152nd Kentucky Derby on May 2 is expected to be the biggest single wagering day in North American horse racing and a major event for operators tied into Churchill Downs' ( CHDN ) ecosystem. Last year, the Kentucky Derby saw on‑track attendance at Churchill Downs of 147,406, a step down from the prior year but still among the largest live sports crowds in the U.S. All-sources wagering handle at Churchill Downs ( CHDN ) on the 2025 Derby itself reached roughly $335M, with the Derby–Oaks combined handle approaching about $410M, both up modestly year over year and continuing the event’s long-term growth trajectory in betting activity and monetization. Churchill Downs ( CHDN ) has guided for adjusted EBITDA improvement from a year ago of $15M to $20M, which Jefferies analyst David Katz views as achievable, especially with some upside already secured via the NBC broadcast contract renewal. The weather forecast for Louisville for Saturday is also very favorable, which could boost traffic throughout the race-packed day. Katz thinks if the adjusted EBITDA boost from the Derby tops $20M, the shares of CHDN will respond. FanDuel ( FLUT ) comes into Derby weekend with the most mature, nationally marketed horse racing product of the major sports betting operators via FanDuel Racing. DraftKings ( DKNG ) is hoping to attract more attention to its DraftKings Racing/DK Horse app, which is integrated into the main DraftKings app in most states, while BetMGM ( MGM ) ( GMVHF ) will take Kentucky Derby wagers through the standalone BetMGM Horse Racing app, which is separate from the regular BetMGM Sportsbook app and focused specifically on pari‑mutuel horse betting. Despite the attractiveness of the Derby as an event contract, major prediction markets such as Kalshi ( KALSHI ) and Polymarket ( POLYMARKET ) are not offering Kentucky Derby markets this year because of legal ambiguity. Notably, horse racing is regulated differently than sports betting because it has long‑sta...
In this article OXY Follow your favorite stocks CREATE FREE ACCOUNT Vicki Hollub, chief executive officer of Occidental Petroleum Corp. speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 6, 2023. F. Carter Smith | Bloomberg | Getty Images Occidental Petroleum said on Friday its chief operating officer Richard Jackson will take over as CEO after current top...
In this article OXY Follow your favorite stocks CREATE FREE ACCOUNT Vicki Hollub, chief executive officer of Occidental Petroleum Corp. speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 6, 2023. F. Carter Smith | Bloomberg | Getty Images Occidental Petroleum said on Friday its chief operating officer Richard Jackson will take over as CEO after current top boss Vicki Hollub retires, effective June 1. Reuters in March reported that she was preparing to retire as CEO of the oil and gas producer. Her exit would end more than four decades at the Houston-based oil producer, where she became the first woman to become the CEO of a major U.S. oil company in 2016. Prior to becoming the top boss, Hollub led Occidental's Permian Basin operations, building the company into one of the biggest operators in the nation's largest U.S. oil region. Jackson joined the shale producer in 2003 and currently serves as its chief operating officer. Occidental said Hollub will continue serving on its board of directors after her retirement. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The Morning Brew Daily team spent a recent segment chewing on a simple question: if Google Search really faces a “nearly monopoly-like market share” ceiling, how is the segment still growing nearly 20% a year? Alphabet (NASDAQ:GOOGL) answered that one decisively this week, while Microsoft (NASDAQ:MSFT) gave investors something far less comfortable to sit with. ... Forget MSFT: Google Search Revenu...
The Morning Brew Daily team spent a recent segment chewing on a simple question: if Google Search really faces a “nearly monopoly-like market share” ceiling, how is the segment still growing nearly 20% a year? Alphabet (NASDAQ:GOOGL) answered that one decisively this week, while Microsoft (NASDAQ:MSFT) gave investors something far less comfortable to sit with. ... Forget MSFT: Google Search Revenue is Up 19% Despite ‘Nearly Monopoly-Like Market Share’