jetcityimage/iStock Editorial via Getty Images A couple of months ago I wrote an article about DICK'S Sporting Goods' ( DKS ) acquisition of Foot Locker and how they could make it work. In this article I will do a deep dive of the company and see if there is any progress on the acquisition and whether there are any other catalysts that could boost the share price going forward. Company Overview DI...
jetcityimage/iStock Editorial via Getty Images A couple of months ago I wrote an article about DICK'S Sporting Goods' ( DKS ) acquisition of Foot Locker and how they could make it work. In this article I will do a deep dive of the company and see if there is any progress on the acquisition and whether there are any other catalysts that could boost the share price going forward. Company Overview DICK'S is the largest US omnichannel sporting goods retailer after the acquisition of Foot Locker in September. It operates over 3.4k stores globally and has over 100k employees (including part-time). It operates multiple brands, of which the most well-known ones are DICK'S Sporting Goods and Foot Locker. Banner Stores (Jan 2026) Description DICK'S Sporting Goods 644 Core sporting goods stores DICK'S House of Sport 35 Experiential flagship concept with climbing walls, batting cages, etc. DICK'S Field House 42 Elevated mid-format concept Golf Galaxy 113 Specialty golf retailer (incl. 33 Performance Centers, which include hitting bays for example) Going, Going, Gone! 51 Value/clearance channel Public Lands 3 Outdoor specialty Foot Locker (NA) 734 Sneaker culture / athletic footwear Champs Sports 371 Athletic footwear and apparel Kids Foot Locker 362 Kids athletic footwear WSS 143 Value athletic footwear (West Coast) FL International 697 Foot Locker / atmos in Europe, Asia-Pacific FL Licensed 254 Licensed stores (Middle East, Asia, Europe) Click to enlarge While the majority of the stores are similar in terms of products (e.g. footwear, apparel), they serve different segments of the markets. DICK'S' stores tend to be located outside of city centers and focus on older, more affluent suburban households, whereas Foot Locker's customers are younger, urban (they are predominantly in malls and urban centers), and have a lower median income (also see my previous article, in which I compared locations). The reason for buying also tends to differ significantly between these customers as...
More on Cronos Group Inc. Wall Street Lunch: Cannabis Stocks Fly High On DEA Rescheduling Move Cronos Group Inc. (CRON:CA) Presents at The 38th Annual Roth Conference Transcript Cronos Remains Undervalued Despite A Strong Balance Sheet And International Growth Cronos Group GAAP EPS of $0.04 beats by $0.03, revenue of $45.21M beats by $2.92M Cronos outlines European expansion and targets margin sta...
More on Cronos Group Inc. Wall Street Lunch: Cannabis Stocks Fly High On DEA Rescheduling Move Cronos Group Inc. (CRON:CA) Presents at The 38th Annual Roth Conference Transcript Cronos Remains Undervalued Despite A Strong Balance Sheet And International Growth Cronos Group GAAP EPS of $0.04 beats by $0.03, revenue of $45.21M beats by $2.92M Cronos outlines European expansion and targets margin stabilization with CanAdelaar acquisition
S&P 500 Index futures are little changed as of 7:44 a.m. in New York after Friday’s rally. The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz. Nasdaq 100 futures are little changed Dow Jones Industrial Average futures are little changed The MSCI World Index is little changed Here are some of the biggest US movers before Monday’s bell: Magnificent Seven...
S&P 500 Index futures are little changed as of 7:44 a.m. in New York after Friday’s rally. The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz. Nasdaq 100 futures are little changed Dow Jones Industrial Average futures are little changed The MSCI World Index is little changed Here are some of the biggest US movers before Monday’s bell: Magnificent Seven stocks: Apple (AAPL) +0.2%, Meta Platforms (META) -0.6%, Microsoft (MSFT) -0.8%, Amazon (AMZN) -0.6%, Nvidia (NVDA) -0.5%, Alphabet (GOOGL) -0.9%, Tesla (TSLA) -0.6% Semiconductor stocks are rising, set to extend gains, after many chip stocks closed at record highs on Friday. The latest surge is boosted by continued investor enthusiasm over AI infrastructure build-outs. Among notable movers: Intel (INTC +6%), Micron (MU +5%) Babcock & Wilcox (BW) rises 12% after the power equipment company reported revenue that grew 44% year-over-year in the first quarter, as well as adjusted Ebitda that nearly quadrupled. Beazer Homes USA Inc. (BZH) rises 22% as people familiar with the matter say Dream Finders Homes Inc. is close to announcing a $704 million offer to acquire the rival homebuilder. Certara (CERT) slips 5% after the biotech company cut its adjusted earnings forecast for the full year. The firm also posted adjusted profit for the first quarter that fell short of Wall Street’s expectations. Liquidia (LQDA) rises 7% after the drugmaker posted revenue for the first quarter that beat the average analyst estimate. Lumentum (LITE) rises 4% after Nasdaq announced that the stock will join the Nasdaq 100 Index, replacing CoStar Group. prior to the market open on May 18. Moderna (MRNA) rises 8% in the wake of Friday’s 12% rally after the company said last week it’s researching vaccines to protect against hantaviruses. Monday.com (MNDY) soars 25% after the software company raised its full-year forecast for both revenue and adjusted operating profits. It also reported first-quarter res...
Shares of Chrysler parent Stellantis fell early Monday after BofA downgraded shares to Sell from Hold, citing pressure from China. Stellantis has a plan to deal with that pressure. Monday, BofA downgraded shares of the auto maker due to competition from Chinese auto makers in Europe, according to Wall Street ratings aggregators.
Shares of Chrysler parent Stellantis fell early Monday after BofA downgraded shares to Sell from Hold, citing pressure from China. Stellantis has a plan to deal with that pressure. Monday, BofA downgraded shares of the auto maker due to competition from Chinese auto makers in Europe, according to Wall Street ratings aggregators.
(RTTNews) - UK stocks turned in a mixed performance on Monday with investors largely making cautious moves amid concerns about Middle East conflict following U.S. President Donald Trump rejecting Iran's latest proposal to end the conflict.
(RTTNews) - UK stocks turned in a mixed performance on Monday with investors largely making cautious moves amid concerns about Middle East conflict following U.S. President Donald Trump rejecting Iran's latest proposal to end the conflict.
8vFanI/iStock via Getty Images FS KKR Capital ( FSK ) was trading lower as the business development company reported quarterly financial results below analyst estimates and announced a dividend cut. Shares were 4.89% down to $10.31 during pre-market trading on Monday. Adjusted net investment income per share was $0.41, below the Visible Alpha consensus of $0.43. Total investment income came in at ...
8vFanI/iStock via Getty Images FS KKR Capital ( FSK ) was trading lower as the business development company reported quarterly financial results below analyst estimates and announced a dividend cut. Shares were 4.89% down to $10.31 during pre-market trading on Monday. Adjusted net investment income per share was $0.41, below the Visible Alpha consensus of $0.43. Total investment income came in at $304M, down from $400M in the same period a year ago and below the average analyst estimate of $317.3M. Total net realized and unrealized loss of $2.00 per share, widened from $0.89 per share for the quarter ended December 31, 2025. The consensus was a gain of $0.02 per share. Net asset value rose to $18.83 per share from $20.89 per share a quarter before, falling short of the $20.82 consensus. "Our first quarter decline in net asset value was driven by investments, which have impacted prior quarters, certain new non-accrual assets, and the impact of market-driven spread widening in certain segments of our portfolio," said CEO Michael Forman and Chief Investment Officer Daniel Pietrzak. The Philadelphia, Pennsylvania-based company slashed its second-quarter dividend to $0.42 per share from $0.45, payable on or about July 2 to stockholders of record as of the close of business on June 17. Furthermore, the board authorized a $300M stock repurchase program. Earnings call is scheduled for 9:00 AM ET today. More on FS KKR Capital FS KKR Capital's Deterioration Isn't Worth Its Hefty 19% Yield FS KKR Capital: One Of The Weakest Links In The Private Credit Chain FS KKR Capital And Morgan Stanley Direct Lending: Dividend Cuts Signal Sell FS KKR Capital Q1 2026 Earnings Preview Top 10 financial stocks with highest dividend yield amid volatile markets
A year ago, BP Plc shares were tumbling and stock analysts were telling clients to steer clear. Now it’s becoming a darling on the street, with buy ratings starting to pile up. The UK energy giant has doubled its number of bullish recommendations in the past year, with RBC Capital Markets on Monday becoming the latest to lift the stock to outperform. With the stock riding high on a 24% rally so fa...
A year ago, BP Plc shares were tumbling and stock analysts were telling clients to steer clear. Now it’s becoming a darling on the street, with buy ratings starting to pile up. The UK energy giant has doubled its number of bullish recommendations in the past year, with RBC Capital Markets on Monday becoming the latest to lift the stock to outperform. With the stock riding high on a 24% rally so far in 2026, analysts are projecting more gains ahead. It’s a turnaround for the oil major, which came under pressure last year for its heavy debt burden and strained balance sheet. Skyrocketing oil prices are now boosting profits for the company and giving it the chance to rebuild its finances. BP’s two top executives said last month that they are prioritizing balance-sheet repair. “The current windfall presents a second chance for BP to deleverage and restore financial health,” wrote RBC analysts led by Biraj Borkhataria . Read More: BP Is Placing Balance Sheet Repair Above Share Buybacks There are now 13 firms with buy ratings on BP, compared with five a year ago, according to data compiled by Bloomberg. Their target prices imply a 13% rally for the shares in the next 12 months. The combination of high energy prices, successful explorations and new management are all working in favor for BP, wrote the analysts at RBC. They said the best strategy is for the company to keep reducing its debt, which was $22.2 billion at the end of 2025. Last month, BP posted first quarter adjusted net income that more than doubled from a year earlier, boosted by an exceptional performance from its in-house oil trading operation. The shares rose as much as 2.2% to 547.50 pence on Monday.
After a tough season the 19-year-old has made his mark in Arsenal’s midfield at a crucial stage The way Myles Lewis-Skelly framed the story, it was akin to an act of God. And what about Ian Wright? The Arsenal club legend can be relied upon for heart-on-the-sleeve hyperbole and did not disappoint on Sunday as he reflected on the West Ham goal that was not; the most significant video assistant refe...
After a tough season the 19-year-old has made his mark in Arsenal’s midfield at a crucial stage The way Myles Lewis-Skelly framed the story, it was akin to an act of God. And what about Ian Wright? The Arsenal club legend can be relied upon for heart-on-the-sleeve hyperbole and did not disappoint on Sunday as he reflected on the West Ham goal that was not; the most significant video assistant referee-inspired overrule of them all. On the pitch at the London Stadium, the referee, Chris Kavanagh, announced via his microphone that West Ham’s Pablo had fouled the Arsenal goalkeeper, David Raya, and Callum Wilson’s 95th-minute equaliser would be disallowed. “Final decision, direct free-kick.” Continue reading...
IREN ( IREN ) announced a $2B convertible senior notes offering due 2033, with a $300M greenshoe option. The net proceeds will fund capped call transactions, with the remainder for general corporate purposes and working capital. The notes will be senior, unsecured obligations of IREN ( IREN ), will accrue interest payable semi-annually in arrears and will mature on December 1, 2033. The structure ...
IREN ( IREN ) announced a $2B convertible senior notes offering due 2033, with a $300M greenshoe option. The net proceeds will fund capped call transactions, with the remainder for general corporate purposes and working capital. The notes will be senior, unsecured obligations of IREN ( IREN ), will accrue interest payable semi-annually in arrears and will mature on December 1, 2033. The structure also includes redemption rights starting June 2030. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering. The stock price declined about 8% on Monday during pre-market trade. More on IREN Limited IREN Limited (IREN) Q3 2026 Earnings Call Transcript IREN: Many Do Not Understand This Stock Is Undervalued Due To Its Assets IREN's Nvidia Deal Changes Everything Wells Fargo, Bank of America in losers; IREN, Hut 8, Circle Internet among gainers: week's financials wrap IREN jumps 7%, inks five-year $3.4B AI cloud deal with Nvidia
UK carbon futures jumped on Monday after Prime Minister Keir Starmer delivered a speech in which he promised closer ties with the European Union. Movement toward a closer relationship between the UK and EU may boost the prospects for a deal to link the UK’s emissions trading system with the European mechanism that Britain left as part of the Brexit schism. The UK launched its own carbon market fol...
UK carbon futures jumped on Monday after Prime Minister Keir Starmer delivered a speech in which he promised closer ties with the European Union. Movement toward a closer relationship between the UK and EU may boost the prospects for a deal to link the UK’s emissions trading system with the European mechanism that Britain left as part of the Brexit schism. The UK launched its own carbon market following the separation, which has traded at a discount to the EU equivalent. Benchmark carbon futures for December rose as much as 5.5% to £52.80 a metric ton on ICE Futures Europe. “Starmer’s tone around the Brexit reset seemed to show a willingness to bend on previously held red lines in negotiations with the EU,” said Henry Lush, a carbon analyst at Veyt . “Even if not mentioned explicitly, for the carbon market, this is about as clear of a pro-linking statement as he can make.” The UK and EU pledged to link their markets last year , starting the clock on formal negotiations to integrate the two systems. Traders are looking for signs of tangible progress in those talks ahead of a summit expected to take place later this year. Starmer’s speech is part of an effort to strengthen his own position after a drubbing in local elections triggered a clutch of lawmakers from his Labour Party to call for his departure. Read More: Starmer Vows to Prove Critics Wrong in Speech to Save Job Keir Starmer Delivers Speech To Save His Premiership (Video)
Aliko Dangote , Africa’s richest person, is targeting a valuation of as much as $50 billion in a planned listing of his refinery business this year as higher oil prices boost its prospects, people with knowledge of the matter said. Dangote Petroleum Refinery & Petrochemicals FZE could sell as much as a 10% stake through the Nigeria listing, implying an offering size of up to $5 billion, the people...
Aliko Dangote , Africa’s richest person, is targeting a valuation of as much as $50 billion in a planned listing of his refinery business this year as higher oil prices boost its prospects, people with knowledge of the matter said. Dangote Petroleum Refinery & Petrochemicals FZE could sell as much as a 10% stake through the Nigeria listing, implying an offering size of up to $5 billion, the people said. A senior Dangote executive said the amount is in line with the company’s current thinking, declining to comment on further details. The company could end up selling a smaller amount in the share sale depending on market conditions and raising the rest at a later date, according to the people. The company has also been considering the possibility of a London secondary listing for the refinery down the line, the people said, asking not to be identified because the information is private. Proceeds of the initial public offering will be used to double Dangote’s oil-refining capacity, which is currently about 650,000 barrels daily. The operation is becoming an increasingly important source of vital jet-fuel supplies to Europe. Nigeria’s Dangote Plans UK Listing for $12 Billion Cement Firm Dangote to Sell About 10% of Refinery in IPO Across Africa Where to Invest 100 Million Nigerian Naira The Nigerian tycoon, who is worth about $36 billion on the Bloomberg Billionaires Index , is also in the process of preparing his cement and fertilizer companies for initial public offerings. His group has separately been planning to add a London listing for its building products unit, Lagos-listed Dangote Cement Plc. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .