May NY world sugar #11 (SBK26 ) on Monday closed down -0.21 (-1.33%), and May London ICE white sugar #5 (SWK26 ) closed down -6.30 (-1.37%). Sugar prices gave up an early advance on Monday and turned lower after a rally in the dollar index ($DXY ) to a 10.5-month...
May NY world sugar #11 (SBK26 ) on Monday closed down -0.21 (-1.33%), and May London ICE white sugar #5 (SWK26 ) closed down -6.30 (-1.37%). Sugar prices gave up an early advance on Monday and turned lower after a rally in the dollar index ($DXY ) to a 10.5-month...
Thidarat Kwangten/iStock via Getty Images Shares in cleaning products maker Clorox ( CLX ) have struggled and are trading just off its 52-week lows. I view the underperformance as a surprise, especially given the broader market volatility and what I would expect as a greater draw to safety in this bear-like trading environment. Shares in CLX come attached with a safe quarterly dividend that is cur...
Thidarat Kwangten/iStock via Getty Images Shares in cleaning products maker Clorox ( CLX ) have struggled and are trading just off its 52-week lows. I view the underperformance as a surprise, especially given the broader market volatility and what I would expect as a greater draw to safety in this bear-like trading environment. Shares in CLX come attached with a safe quarterly dividend that is currently yielding nearly 5%, and I believe there is also attractive upside potential embedded in the stock. While the company has struggled with uneven demand trends, with its topline hurt by trade-down behavior from core consumers, I believe its necessity-based business model and defensive characteristics will ultimately serve it well in the current uncertain market environment. CLX Stock Key Metrics Though shares in CLX are positive YTD, the stock is still down about 30% over the past year. What I find even more shocking, however, is the nearly 50% decline over the past five years. Seeking Alpha - 5-YR Share Price Returns Of CLX Stock The company certainly has had its setbacks, including the ongoing trend of consumer trade-down for its core cleaning products. However, I still view the underperformance as overkill, especially for a time-tested and durable customer staple such as CLX. Despite the underperformance, CLX’s valuation still trades at what many would say is not a deep bargain. Shares currently trade at a 17x forward, for example. That’s still slightly above the sector median. In addition, CLX’s enterprise value is 12x its forward EBITDA, also a few clicks above the sector. These valuations, however, are significantly discounted to its 5-year averages, and on some of these metrics, I can see CLX rising back up to its mean. Seeking Alpha - Valuation Metrics Of CLX Stock At present, there is broad consensus that CLX is a "Hold" at current levels, with most coverage from the Seeking Alpha (“SA”) community in the "Hold" or "Sell" lean. While analysts on Wall Street are ...
atakan/iStock via Getty Images The Federal Reserve should resist reacting to oil-driven inflation and maintain its focus on labor market conditions, according to DoubleLine deputy chief investment officer Jeffrey Sherman. In an interview with CNBC, Sherman argued that oil price ( CL1:COM ), ( CO1:COM ) shocks function as their own form of monetary tightening, making additional Fed intervention unn...
atakan/iStock via Getty Images The Federal Reserve should resist reacting to oil-driven inflation and maintain its focus on labor market conditions, according to DoubleLine deputy chief investment officer Jeffrey Sherman. In an interview with CNBC, Sherman argued that oil price ( CL1:COM ), ( CO1:COM ) shocks function as their own form of monetary tightening, making additional Fed intervention unnecessary. “Oil price shocks are actually a version of hawkish policy itself,” Sherman explained, noting that rising energy costs strain the broader economy without central bank action. Sherman emphasized that the Fed traditionally focuses on core inflation, which strips out volatile commodity prices despite their impact on consumers and businesses. While markets in the UK and Europe have been pricing in rate hikes in response to the energy shock, Sherman believes the appropriate response is no reaction based on energy prices alone. Instead, he urged policymakers to return to evaluating where the economy stands within the labor market cycle. The DoubleLine executive expressed skepticism about the effectiveness of rate cuts in stimulating hiring, even as Fed Governor Stephen Miran has advocated for 25-basis-point reductions. Sherman questioned whether modest easing would motivate corporate America. “If we ease 25 basis points, does that get corporate America excited about hiring? Probably not,” he said, adding that he remains unconvinced that even 100 basis points of cuts would meaningfully change the overall hiring outlook. Sherman noted a concerning disconnect in the bond market, where yields have failed to decline despite recent Fed rate cuts. He attributed this to fiscal concerns across developed markets, with long-term yields near cycle highs in the US, UK, Europe, and Japan. This “market rejection” of the back end of the curve suggests longer-term inflation concerns and what Sherman called the “overall ills of fiscal policy in the entire developed world.” Beyond immedia...
Hispanolistic/E+ via Getty Images Uber Earnings rundown Uber Technologies, Inc. ( UBER ) is back on my radar after the recent pullback. The stock has been in limbo for the past few months, down over 15% year-to-date and touching a recent low of $68.40 on Friday, and is now flat on Monday. Uber went out of the market’s favor after Q4 earnings, which disappointed investors, with revenue of $14.37 bi...
Hispanolistic/E+ via Getty Images Uber Earnings rundown Uber Technologies, Inc. ( UBER ) is back on my radar after the recent pullback. The stock has been in limbo for the past few months, down over 15% year-to-date and touching a recent low of $68.40 on Friday, and is now flat on Monday. Uber went out of the market’s favor after Q4 earnings, which disappointed investors, with revenue of $14.37 billion, above the $14.32 billion consensus, up from $12 billion in the year-ago quarter. The closely watched mobility segment was up 19% year over year to $8.2 billion, slightly missing consensus at $8.3 billion, while delivery revenue was up 30% during the same period to $4.9 billion, above consensus at $4.72 billion. Uber Earnings Delivery was something I flagged when I last covered the stock in September of last year, and it seems to be gaining momentum. Seeking Alpha - The Techie Uber's Q4 net income of $296 million looked weak against the prior year's $6.88 billion, but the comparison doesn’t give the full picture, as the drop was driven by a $1.6 billion pre-tax headwind from equity investment revaluations, higher taxes, and deliberate pricing investments to drive affordability and user acquisition. Strip that out, and the operating picture was clean, with gross bookings of $54.1 billion beating the $53.1 billion consensus; monthly active consumers hit 202 million, up 18% year-over-year, and management expects at least 17% gross bookings growth to $52 billion to $53.5 billion in Q1 '26. The softness in reported profits was the cost of buying growth, and by the bookings and user metrics, it's working. Trips per vehicle per day on Uber's platform are running 30% higher than standalone first-party AV platforms, with better ETAs. CEO Dara Khosrowshahi also made the structural point that Uber's delivery and freight network allows it to utilize AV vehicles during mobility demand troughs, which is a cross-network utilization advantage that no pure-play AV operator can replica...
ARKO Petroleum Corp. press release ( APC ): Q4 GAAP EPS of $0.23 in-line. Revenue of $1.31B (-9.0% Y/Y) misses by $20M . More on ARKO Petroleum Corp. ARKO Petroleum: Not Fueling Up The Tank Here Arko Petroleum prices IPO at $18 per share Arko Petroleum plans to raise $200M in IPO Historical earnings data for ARKO Petroleum Corp. Financial information for ARKO Petroleum Corp.
ARKO Petroleum Corp. press release ( APC ): Q4 GAAP EPS of $0.23 in-line. Revenue of $1.31B (-9.0% Y/Y) misses by $20M . More on ARKO Petroleum Corp. ARKO Petroleum: Not Fueling Up The Tank Here Arko Petroleum prices IPO at $18 per share Arko Petroleum plans to raise $200M in IPO Historical earnings data for ARKO Petroleum Corp. Financial information for ARKO Petroleum Corp.
Saturday’s protests drew millions of people across the US and around the world. The Guardian spoke with some of them to see why they were there and what’s next So you went to a No Kings protest. Now what? Saturday saw the greatest number of protests in US history, when more than 8 million people at 3,300 No Kings events took to the streets to oppose the policies of Donald Trump . In the past few m...
Saturday’s protests drew millions of people across the US and around the world. The Guardian spoke with some of them to see why they were there and what’s next So you went to a No Kings protest. Now what? Saturday saw the greatest number of protests in US history, when more than 8 million people at 3,300 No Kings events took to the streets to oppose the policies of Donald Trump . In the past few months, the Trump administration has sent more than 3,000 federal immigration agents into Minnesota’s Twin Cities , causing fear and havoc that was only furthered when agents killed two residents. Trump has also launched strikes on Venezuela and waged a war in Iran that has so far cost the US about $30bn to $40bn. That is on top of the US continuing to fund Israel’s war in Gaza; the ongoing immigration raids in other US cities, towns and rural regions; and the threats to trans rights, voting rights and more. Continue reading...
REDWOOD CITY, Calif., March 30, 2026 (GLOBE NEWSWIRE) -- Jasper Therapeutics, Inc. (Nasdaq: JSPR) (Jasper), a clinical stage biotechnology company focused on development of briquilimab, a novel antibody therapy targeting c-Kit (CD117) to address mast cell driven diseases such as chronic spontaneous urticaria (CSU), chronic inducible urticaria (CIndU) and asthma, today reported results for the fisc...
REDWOOD CITY, Calif., March 30, 2026 (GLOBE NEWSWIRE) -- Jasper Therapeutics, Inc. (Nasdaq: JSPR) (Jasper), a clinical stage biotechnology company focused on development of briquilimab, a novel antibody therapy targeting c-Kit (CD117) to address mast cell driven diseases such as chronic spontaneous urticaria (CSU), chronic inducible urticaria (CIndU) and asthma, today reported results for the fiscal quarter and year ended December 31, 2025 and provided a corporate update.
HOUSTON, March 30, 2026 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”) – an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids (“NGL”) resources in the Denver-Julesburg (DJ) Basin – today announced its financial and operational results through and subsequent to the year ended ...
HOUSTON, March 30, 2026 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”) – an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids (“NGL”) resources in the Denver-Julesburg (DJ) Basin – today announced its financial and operational results through and subsequent to the year ended December 31, 2025.
Sjo/iStock Unreleased via Getty Images Shell ( SHEL ) has warned Australia against introducing a windfall tax on gas exporters, saying the tax would risk deterring investment and undermining energy security at a time global supplies are disrupted by the Middle East war, Reuters reported Monday. Australia has become the world's second-largest LNG supplier behind the U.S. after Iranian strikes for...
Sjo/iStock Unreleased via Getty Images Shell ( SHEL ) has warned Australia against introducing a windfall tax on gas exporters, saying the tax would risk deterring investment and undermining energy security at a time global supplies are disrupted by the Middle East war, Reuters reported Monday. Australia has become the world's second-largest LNG supplier behind the U.S. after Iranian strikes forced Qatar to halt production, with its export revenue set to surge because of reduced supply due to the war. With the Australian government said to be considering ways to capitalize on the higher prices, Cecile Wake, chair of Shell Australia ( SHEL ), which exports gas from the Queensland Curtis LNG project, warned against "short-term fixes" in response to the energy crisis. "At times like this, there is increased risk that strong and stable policy settings are sidelined by short‑term measures or populist rhetoric," Wake told the Australian Domestic Gas Outlook conference. The proposed policies would "erode project values and render many of Australia's future growth opportunities uneconomic and uncompetitive compared to global alternatives," Wake said. More on Shell Shell's Earnings Still Tied To Oil, Not Growth Why Shell Is A Short-Term Trade Now (Rating Downgrade) Shell: Defensive Play In An Uncertain Energy Market
Douglas Rissing/iStock via Getty Images Existing home sales have run roughly 25% lower than 2019 levels since 2023 and are at their lowest levels since 1995, when the U.S. population was roughly 20% lower. Home building and housing-related activity account for approximately one-sixth of U.S. GDP. A nd the housing sector is heading into the all-important spring selling season. Mortgage News Daily A...
Douglas Rissing/iStock via Getty Images Existing home sales have run roughly 25% lower than 2019 levels since 2023 and are at their lowest levels since 1995, when the U.S. population was roughly 20% lower. Home building and housing-related activity account for approximately one-sixth of U.S. GDP. A nd the housing sector is heading into the all-important spring selling season. Mortgage News Daily At the beginning of this year, it was hoped that a couple of additional cuts to the Fed Funds rate could get this sputtering U.S. economic engine back on track. In the early going of 2026, average 30-year mortgage rates fell briefly below the six percent threshold for the first time since 2022. This triggered a short-lived boost in refinancing activity. U.S. Consumer Sentiment (FRED) Unfortunately, the new conflict in the Middle East has triggered a big rise in mortgage rates, and the housing sector is deteriorating at a concerning rate on some fronts. In this article, I will highlight how the poor health of the housing market is going to become an even bigger drag on the U.S. economy as we get further into 2026. And housing is a key determinant of consumer sentiment, which is already in the tank on a historical basis. Lennar, Wolf Street In addition, home builders are increasingly hitting large headwinds, especially for home builders not targeting the luxury market like Toll Brothers ( TOL ) . Lennar's ( LEN ) average home sale price (with incentives like mortgage rate buydowns included) is now down to 2017's levels. KB Home ( KBH ) reported its latest quarterly results last Tuesday. Both top- and bottom-line numbers slightly missed tepid expectations. Revenues fell 23% on a year-over-year basis, and KB's average sale price dropped to just over $452,000 from a bit over $500,000 in the same period a year ago. Homebuilding operating income collapsed to $33 million from $127.3 million in the same quarter in 2025. March 2026 Company Presentation In today's article, I will go in...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Bailey Lipschultz, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Bailey Lipschultz, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)