leolintang/iStock via Getty Images I'm assigning a 'Buy' rating to ACV Auctions Inc. ( ACVA ), up from a 'Hold' previously. Its 1Q26 earnings exceeded the consensus estimate by a wide margin. The momentum should be sustainable, considering the upbeat management guide and plans for substantial buybacks. ACVA's divergent 4Q25 showing, characterized by above-expectations EBITDA and slower sales growt...
leolintang/iStock via Getty Images I'm assigning a 'Buy' rating to ACV Auctions Inc. ( ACVA ), up from a 'Hold' previously. Its 1Q26 earnings exceeded the consensus estimate by a wide margin. The momentum should be sustainable, considering the upbeat management guide and plans for substantial buybacks. ACVA's divergent 4Q25 showing, characterized by above-expectations EBITDA and slower sales growth, was outlined in my earlier February 26, 2026, update . Shares Popped On Earnings Outperformance The group's latest numbers were disclosed in a press release on Wednesday, May 6. ACVA reversed from 4Q25's normalized net loss of $1.1M to register a +$7.3M bottom line for 1Q26. That's 37% better than the sell-side's projection as per S&P Capital IQ data. Its Jan-Mar '26 net profit was still down 2.3% year-on-year. Management's analyst briefing attributed this decline to "severe weather" in "the Northeast, where we have our largest markets." In my opinion, there were several factors contributing to ACVA's first-quarter surprise. The firm's results announcement noted a 3% YoY growth in 1Q2026 "Marketplace Units" to 213k. According to the earnings call, "the dealer wholesale market" witnessed a "mid-single-digit decline" during the same timeframe. I wrote in the late-Feb piece that "ACVA is making reinvestments to realize a higher market share for 2026." It's reasonable for me to assume that the company's efforts have paid off by outpacing the broader industry. An Overview Of Guaranteed Sale Auctions Media Releases The enterprise announced in Aug last year that it had "scaled up its popular No Reserve Sale to four days each week" detailed in the chart above. The move was well-received in my view. This category expanded by over 100% year-over-year in 1Q26. ACVA's CEO indicated at the results meeting that "this offering remains the fastest-growing channel" due to the elimination of "seller market risk." Separately, the rising share of high-margin "Marketplace Services Segment/MS...
Kao ( KAOCF ): Q1 GAAP EPS of ¥68.53. Net sales of ¥413.22B beat ¥410.69B. Operating profit from core business activities rose significantly by 45.3% to ¥44.90B. The company maintains a strong net worth of ¥1,085.67B, representing 58.2% of its total assets. More on Kao Corporation Historical earnings data for Kao Corporation Dividend scorecard for Kao Corporation Financial information for Kao Corp...
Kao ( KAOCF ): Q1 GAAP EPS of ¥68.53. Net sales of ¥413.22B beat ¥410.69B. Operating profit from core business activities rose significantly by 45.3% to ¥44.90B. The company maintains a strong net worth of ¥1,085.67B, representing 58.2% of its total assets. More on Kao Corporation Historical earnings data for Kao Corporation Dividend scorecard for Kao Corporation Financial information for Kao Corporation
For decades, healthcare was viewed as one of the market’s untouchable giants. People always need medicine, hospitals, and medical devices regardless of whether the economy is booming or sliding into recession. That steady demand helped healthcare become one of the largest sectors in the S&P 500. But artificial intelligence has flipped the script in record ... This 1 Insane Nvidia Stat Explains Why...
For decades, healthcare was viewed as one of the market’s untouchable giants. People always need medicine, hospitals, and medical devices regardless of whether the economy is booming or sliding into recession. That steady demand helped healthcare become one of the largest sectors in the S&P 500. But artificial intelligence has flipped the script in record ... This 1 Insane Nvidia Stat Explains Why Wall Street Can’t Stop Buying the Stock
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 on Tuesday fell from record highs in the prior session. A hotter-than-expected April consumer price index and a spike in oil and bond yields pressured stocks. Jim Cramer said the current reversal driving artificial intelligence rela...
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 on Tuesday fell from record highs in the prior session. A hotter-than-expected April consumer price index and a spike in oil and bond yields pressured stocks. Jim Cramer said the current reversal driving artificial intelligence related stocks lower and laggards higher is necessary. "At the same time, I want to caution people, this is Day 1 of a decline of the hottest stocks I've ever seen," Jim added, drawing attention to Tuesday's 8% decline in Corning . The Club stock, however, is still up roughly 115% year to date. 2. Home Depot has been a tough stock to own in the midst of an elevated interest rate environment. But, Jim is still championing Home Depot over Lowe's , which was upgraded to a buy at Citi, ahead of earnings next week (May 20, Wednesday morning). Citi also has a buy on Home Depot, which reports earnings a day earlier than its rival. Jim touts Home Depot as one of the "fine American companies" being held back by rates. He has long said that lower rates are needed to boost the kind of housing market activity that drives home improvement stocks. 3. Nvidia shares slipped from a fresh intraday high ahead of earnings next week (May 20, Wednesday evening). Wells Fargo analysts raised its Nvidia price target to $325 a piece from $265, citing Nvidia's $1 trillion Blackwell and Rubin pipeline through 2027. Jim expressed disappointment that Nvidia CEO Jensen Huang won't be on President Donald Trump's visit to China this week, as he thinks the company's chips are the most important thing the president could offer. Nonetheless, Jim recommends investors stick with Nvidia: "I would not dump the stock just because it's turning around and going down after being up earlier." 4. Stocks covered in Tuesday's rapid fire at the end of the video were: FedEx , On Holding , Under Armour , Lowe's , and eBay . (Ji...
The inquiry came after a Guardian investigation revealed Israel used company technology to support mass surveillance of Palestinian phone calls The head of Microsoft ’s Israeli subsidiary will step down in the wake of an inquiry that has scrutinised its business dealings with the Israeli military. Microsoft ordered the inquiry last year in response to a Guardian investigation revealing the militar...
The inquiry came after a Guardian investigation revealed Israel used company technology to support mass surveillance of Palestinian phone calls The head of Microsoft ’s Israeli subsidiary will step down in the wake of an inquiry that has scrutinised its business dealings with the Israeli military. Microsoft ordered the inquiry last year in response to a Guardian investigation revealing the military had used the company’s technology to operate a powerful surveillance system that collected Palestinian civilian phone calls on a mass scale. Continue reading...
Kim Forrest, Bokeh Capital Partners chief investment officer, says Tuesday's selloff is just a pause in momentum for skyrocketing chip stocks, not a shock from a hotter-than-estimated inflation report. She speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
Kim Forrest, Bokeh Capital Partners chief investment officer, says Tuesday's selloff is just a pause in momentum for skyrocketing chip stocks, not a shock from a hotter-than-estimated inflation report. She speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
Star of the 60s London folk scene whose career faltered after her troubled marriage to the musician John Martyn Beverley Martyn, a singer-songwriter with a versatile, bluesy voice, who has died aged 79, was a star of the vibrant London folk scene in the late 1960s. She was best known for two albums, Stormbringer! and The Road to Ruin, recorded in 1970 with her then husband, the guitarist John Mart...
Star of the 60s London folk scene whose career faltered after her troubled marriage to the musician John Martyn Beverley Martyn, a singer-songwriter with a versatile, bluesy voice, who has died aged 79, was a star of the vibrant London folk scene in the late 1960s. She was best known for two albums, Stormbringer! and The Road to Ruin, recorded in 1970 with her then husband, the guitarist John Martyn – after which she had a long absence from the studio while raising a family and trying to deal with the fallout from their troubled marriage. Having arrived in London at the age of 15 from Broad Heath school in Coventry to study drama at the Corona theatre school, Beverley Kutner, as she was then known, had found herself more attracted to singing in Soho folk clubs than to acting, and had turned down an offer from the Royal Shakespeare Company so that she could be a singer. Continue reading...
“He hasn’t got it,” said one Labour MP today, railing against Keir Starmer. “He doesn’t cut through on the doorstep. We have got to move, we’ve got to make a move now .” It marked a familiar stage in the (attempted) removal of a British prime minister, a game we’ve seen play out at least three times in the last decade. Briefings begin anonymously, and/or couched in staid jargon, but their mere exi...
“He hasn’t got it,” said one Labour MP today, railing against Keir Starmer. “He doesn’t cut through on the doorstep. We have got to move, we’ve got to make a move now .” It marked a familiar stage in the (attempted) removal of a British prime minister, a game we’ve seen play out at least three times in the last decade. Briefings begin anonymously, and/or couched in staid jargon, but their mere existence encourages others. Then momentum reaches a point at which people, by which I mean members of Parliament, feel free to let rip. Dozens were speaking frankly on the airwaves by this morning, telling radio and TV presenters that they’d bit their collective, loyal tongues for long enough but were now insisting on change. A change in personnel at the top, not just rhetoric. The crescendo built and built into an awesome expectation that history was about to happen until suddenly, quiet. The morning’s Cabinet meeting, surely the best opportunity to bring things to a head, ended without any sign of high drama. No fun. The wave of expectation then turned into a drip — a government resignation every hour or two, a backbench MP jumping off the fence. This, again, is a familiar part of the Westminster game. We saw it with Theresa May, Boris Johnson and Liz Truss, and in opposition with Jeremy Corbyn too. Truss was a farcically extreme exception, of course, but the others show that it takes quite a while to oust a stubborn leader. And so we wait , in newsrooms and on trading floors throughout the world. Using my Terminal to check on the pound and gilt yields I was amused to see W-like shapes that suggested to me the pricing may have been reacting to the three ministerial resignations we’ve had at the time of writing — with each, the prospect of Starmer being replaced by a more left-wing, free spending Labour leader increased. Our Markets team told me that Starmer’s removal could affect global prices, such is the sensitivity, and for a moment I felt a tinge of patriotism. Then I r...
Santa Clara County Counsel, with support from Renne Public Law Group, files landmark civil prosecution accusing Meta of massive consumer fraud PublicCEO
Santa Clara County Counsel, with support from Renne Public Law Group, files landmark civil prosecution accusing Meta of massive consumer fraud PublicCEO
Key PointsFirst Wilshire Securities Management sold 117,906 shares of NWPX in the first quarter; the estimated transaction value was $8.51 million based on quarterly average pricing.
Key PointsFirst Wilshire Securities Management sold 117,906 shares of NWPX in the first quarter; the estimated transaction value was $8.51 million based on quarterly average pricing.
Shares jumped 14% on the news, because when Peltz spends three years building a 16% stake and "exploring financing sources," the market knows he's not window shopping
Shares jumped 14% on the news, because when Peltz spends three years building a 16% stake and "exploring financing sources," the market knows he's not window shopping
Thomas Tuchel submits his provisional England squad for the World Cup, with Luke Shaw, Danny Welbeck and Alex Scott believed to be among the players named.
Thomas Tuchel submits his provisional England squad for the World Cup, with Luke Shaw, Danny Welbeck and Alex Scott believed to be among the players named.