Donny DBM/iStock via Getty Images Market review The Fund's benchmark, the MSCI Emerging Markets Index (net), declined 0.17% in US dollar terms in 1Q26. Early strength gave way to bouts of risk-off sentiment, including a sharp drawdown in March following the outbreak of war with Iran. Performance across countries was uneven. On the positive side, South Korean equities benefited from robust demand f...
Donny DBM/iStock via Getty Images Market review The Fund's benchmark, the MSCI Emerging Markets Index (net), declined 0.17% in US dollar terms in 1Q26. Early strength gave way to bouts of risk-off sentiment, including a sharp drawdown in March following the outbreak of war with Iran. Performance across countries was uneven. On the positive side, South Korean equities benefited from robust demand for semiconductors from artificial intelligence (AI) related businesses and investor optimism toward corporate governance reforms. Strength in the technology sector also supported equity performance in Taiwan, while rising oil prices drove the energy sector higher in Brazil. In contrast, equities in India and Indonesia experienced double-digit negative returns, reflecting investors' concern with economic headwinds arising from higher energy prices and currency weakness. China also underperformed the benchmark amid still-soft domestic demand and cloudy earnings outlooks in the communication services and consumer discretionary sectors. Market performance in the Middle East was mixed with the United Arab Emirates (UAE), Qatar, and Kuwait posting negative returns, while Saudi Arabian equities managed to outperform the benchmark. Among sectors, information technology (IT) and energy outperformed the benchmark. In contrast, the communication services and consumer discretionary sectors underperformed. Within the Fund Nomura Emerging Markets Fund Institutional Class Shares outperformed its benchmark, the MSCI Emerging Markets Index (net), during 1Q26. The Fund benefited most from its exposure to South Korean industrial company SK Square Co. Ltd. The company's net asset value (NAV) increased due to the rising value of its investment in SK Hynix Inc. ( HXSCL ) In addition, the company's improved shareholder return policy contributed to narrowing its NAV discount. In the IT sector, shares of SK Hynix Inc. and Samsung Electronics Co. ( SSNLF ) Ltd. outperformed the benchmark. Strong dem...
In recent months, American Eagle Outfitters filed a preliminary proxy for its June 26, 2026 virtual annual meeting, reported record US$5.50 billion Fiscal 2025 revenue with positive comparable sales fueled by Aerie, moved to wind down its Quiet Platforms third-party logistics business, and authorized a US$200.00 million accelerated share repurchase program. At the same time, the company has shifte...
In recent months, American Eagle Outfitters filed a preliminary proxy for its June 26, 2026 virtual annual meeting, reported record US$5.50 billion Fiscal 2025 revenue with positive comparable sales fueled by Aerie, moved to wind down its Quiet Platforms third-party logistics business, and authorized a US$200.00 million accelerated share repurchase program. At the same time, the company has shifted from an “anti-Amazon” posture to using Amazon’s platform to extend its e-commerce reach and...
Earnings Call Insights: Tutor Perini (TPC) Q1 2026 Management View "We delivered strong first quarter results highlighted by record operating cash flow of $147 million" (CEO, President & Director Gary Smalley), and "our revenue grew 11% year-over-year to $1.4 billion" alongside "backlog remains very strong at $19.8 billion" (CEO Smalley). "The Civil segment produced its highest ever first quarter ...
Earnings Call Insights: Tutor Perini (TPC) Q1 2026 Management View "We delivered strong first quarter results highlighted by record operating cash flow of $147 million" (CEO, President & Director Gary Smalley), and "our revenue grew 11% year-over-year to $1.4 billion" alongside "backlog remains very strong at $19.8 billion" (CEO Smalley). "The Civil segment produced its highest ever first quarter operating income... and delivered a 12.6% operating margin" and "the Building segment's operating income was up an impressive 56% year-over-year" (CEO Smalley), while "the Specialty Contractors segment continues to deliver solid execution... marginally profitable for the quarter with further improvement still expected" (CEO Smalley). "In the first quarter, we booked nearly $700 million of new awards and contract adjustments" including "$186 million" for Eagle Mountain Casino Phase 2 expansion, "$97 million" for a healthcare project entering construction, and "approximately $66 million" for two mass-transit projects (CEO Smalley). "We expect to make additional opportunistic share buybacks moving forward" after repurchasing "approximately 278,000 shares... for $20 million at an average price of approximately $72 per share" and declaring "another $0.06 quarterly dividend" payable June 4 (CEO Smalley). "We received an unfavorable legal ruling and were assessed damages of approximately $175 million" tied to the W/Element Hotel dispute, and "we do intend to appeal" (CEO Smalley). "As Gary mentioned, we generated a record $147 million of operating cash for the quarter, up 542% year-over-year" (Executive VP & CFO Ryan Soroka). Outlook "We continue to anticipate double-digit revenue growth and strong earnings in 2026 with even higher earnings expected in 2027" (CEO Smalley). "Accordingly, we are affirming our 2026 adjusted EPS guidance in the range of $4.90 to $5.30 per share" (CEO Smalley), with guidance factoring "the possibility of a lower-than-anticipated success rate for future...
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 30, 2026, Roth Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $435 from $395 and maintained a Buy rating after the company reported a Q1 beat. The firm cited “strong” results with momentum across Search, […]
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 30, 2026, Roth Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $435 from $395 and maintained a Buy rating after the company reported a Q1 beat. The firm cited “strong” results with momentum across Search, […]
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On May 1, 2026, Baird raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $300 from $285 and maintained an Outperform rating after updating its model following Q1 results, noting AI-driven acceleration. Raymond James also increased its price target […]
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On May 1, 2026, Baird raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $300 from $285 and maintained an Outperform rating after updating its model following Q1 results, noting AI-driven acceleration. Raymond James also increased its price target […]
Intel Corporation (NASDAQ:INTC) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 28, 2026, Intel Corporation (NASDAQ:INTC) and FPT announced a strategic relationship to deliver an AI-driven factory optimization solution. The collaboration combines AI, simulation, and digital manufacturing technologies to reduce bottlenecks, speed up decision-making, and improve d...
Intel Corporation (NASDAQ:INTC) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 28, 2026, Intel Corporation (NASDAQ:INTC) and FPT announced a strategic relationship to deliver an AI-driven factory optimization solution. The collaboration combines AI, simulation, and digital manufacturing technologies to reduce bottlenecks, speed up decision-making, and improve downtime recovery […]
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 30, 2026, BofA analyst Justin Post raised the price target on Meta Platforms, Inc. (NASDAQ:META) to $835 from $820 and maintained a Buy rating after the company’s Q1 results. Justin Post noted increased investment in AI […]
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. On April 30, 2026, BofA analyst Justin Post raised the price target on Meta Platforms, Inc. (NASDAQ:META) to $835 from $820 and maintained a Buy rating after the company’s Q1 results. Justin Post noted increased investment in AI […]
Shell press release ( SHEL ): Q1 Non-GAAP EPS of $1.22 misses by $0.99 . Revenue of $69.69B (+0.7% Y/Y) misses by $10.66B . OUTLOOK FOR THE SECOND QUARTER 2026 Full year 2025 cash capital expenditure was $21 billion. Our cash capital expenditure for the full year 2026 is expected to be $24 - $26 billion, including ~$4 billion related to the acquisition of ARC Resources Ltd. Integrated Gas producti...
Shell press release ( SHEL ): Q1 Non-GAAP EPS of $1.22 misses by $0.99 . Revenue of $69.69B (+0.7% Y/Y) misses by $10.66B . OUTLOOK FOR THE SECOND QUARTER 2026 Full year 2025 cash capital expenditure was $21 billion. Our cash capital expenditure for the full year 2026 is expected to be $24 - $26 billion, including ~$4 billion related to the acquisition of ARC Resources Ltd. Integrated Gas production is expected to be approximately 580 - 640 thousand boe/d. LNG liquefaction volumes are expected to be approximately 6.8 - 7.4 million tonnes. Second quarter 2026 outlook reflects impact of Middle East conflict including Qatar and higher planned maintenance across the portfolio. Upstream production is expected to be approximately 1,620 - 1,820 thousand boe/d. Second quarter 2026 outlook reflects higher planned maintenance across the portfolio. Marketing sales volumes are expected to be approximately 2,500 - 2,700 thousand b/d. Refinery utilisation is expected to be approximately 91% - 99%. Chemicals manufacturing plant utilisation is expected to be approximately 76% - 84%. Corporate Adjusted Earnings1 were a net expense of $908 million for the first quarter 2026. Corporate Adjusted Earnings are expected to be a net expense of approximately $600 - $800 million in the second quarter 2026. More on Shell Shell Consolidates Its Upstream And LNG Position With ARC Resources Acquisition Shell: Refocusing Will Take Time (Probably A Few Years) Shell: The Company Should Be A Buy, But Near-Term Risks Warrant Patience Shell earnings preview: Q1 profit seen surging 140%, investors weigh Middle East geopolitical risks INEOS teams with Shell Offshore to pursue Gulf of Mexico exploration
Shell press release ( SHEL ): Q1 Non-GAAP EPADS of $2.42 beats by $0.21 . Revenue of $69.69B (+0.7% Y/Y) misses by $10.66B . OUTLOOK FOR THE SECOND QUARTER 2026 Full year 2025 cash capital expenditure was $21 billion. Our cash capital expenditure for the full year 2026 is expected to be $24 - $26 billion, including ~$4 billion related to the acquisition of ARC Resources Ltd. Integrated Gas product...
Shell press release ( SHEL ): Q1 Non-GAAP EPADS of $2.42 beats by $0.21 . Revenue of $69.69B (+0.7% Y/Y) misses by $10.66B . OUTLOOK FOR THE SECOND QUARTER 2026 Full year 2025 cash capital expenditure was $21 billion. Our cash capital expenditure for the full year 2026 is expected to be $24 - $26 billion, including ~$4 billion related to the acquisition of ARC Resources Ltd. Integrated Gas production is expected to be approximately 580 - 640 thousand boe/d. LNG liquefaction volumes are expected to be approximately 6.8 - 7.4 million tonnes. Second quarter 2026 outlook reflects impact of Middle East conflict including Qatar and higher planned maintenance across the portfolio. Upstream production is expected to be approximately 1,620 - 1,820 thousand boe/d. Second quarter 2026 outlook reflects higher planned maintenance across the portfolio. Marketing sales volumes are expected to be approximately 2,500 - 2,700 thousand b/d. Refinery utilisation is expected to be approximately 91% - 99%. Chemicals manufacturing plant utilisation is expected to be approximately 76% - 84%. Corporate Adjusted Earnings1 were a net expense of $908 million for the first quarter 2026. Corporate Adjusted Earnings are expected to be a net expense of approximately $600 - $800 million in the second quarter 2026. More on Shell Shell Consolidates Its Upstream And LNG Position With ARC Resources Acquisition Shell: Refocusing Will Take Time (Probably A Few Years) Shell: The Company Should Be A Buy, But Near-Term Risks Warrant Patience Shell earnings preview: Q1 profit seen surging 140%, investors weigh Middle East geopolitical risks INEOS teams with Shell Offshore to pursue Gulf of Mexico exploration Editor's note: The revised post updates the Non-GAAP EPADS figure instead of Non-GAAP EPS.