KB Home shares were under pressure on Wednesday after saying it’s already seeing prospective buyers deterred by the war as the Los Angeles home builder cut its full-year guidance.
KB Home shares were under pressure on Wednesday after saying it’s already seeing prospective buyers deterred by the war as the Los Angeles home builder cut its full-year guidance.
JHVEPhoto/iStock Editorial via Getty Images Medtronic ( MDT ) has cut its full-year earnings outlook, citing the recent IPO of its diabetes business, MiniMed Group ( MMED ), and the earlier-than-expected FDA approval and commercial launch of MiniMed Flex, a next-generation insulin pump, last week. In an SEC filing on Tuesday, the MedTech giant disclosed that the public listing of 10% of its holdin...
JHVEPhoto/iStock Editorial via Getty Images Medtronic ( MDT ) has cut its full-year earnings outlook, citing the recent IPO of its diabetes business, MiniMed Group ( MMED ), and the earlier-than-expected FDA approval and commercial launch of MiniMed Flex, a next-generation insulin pump, last week. In an SEC filing on Tuesday, the MedTech giant disclosed that the public listing of 10% of its holding in MiniMed ( MMED ) is expected to c reate a roughly $0.02 per share headwind to Medtronic ( MDT ) shareholders for each month of the quarter following the closure of the IPO on Mar. 9. As a result of the IPO, the company projects a total dilutive effect of $0.04 per share for Q4 fiscal 2026, ending on April 24. Additionally, the company projects a $0.08 per share impact on its Q4 FY26 results, as MiniMed ( MMED ) is set to recognize a one-time charge of $157M to account for a series of payments due to Blackstone ( BX ), which helped fund the development of MiniMed Flex. As a result of the above changes, Medtronic ( MDT ) now estimates its non-GAAP earnings per share for fiscal 2026 to reach $5.50 - $5.54 compared to $5.62 - $5.66 in its prior guidance and $5.62 in the consensus. The outlook of high single-digit EPS growth for fiscal 2027 remains unchanged. More on Medtronic plc, MiniMed Group, Inc. Medtronic: Snatch Up This Dividend Aristocrat Bargain Now Medtronic plc (MDT) Presents at Leerink Global Healthcare Conference 2026 Transcript Medtronic plc (MDT) Presents at Barclays 28th Annual Global Healthcare Conference Transcript MiniMed gets FDA clearance for MiniMed Flex, its smallest smartphone-controlled insulin pump Medtronic to buy Scientia Vascular for $550M
Ikon, Birmingham The Spanish artist’s oeuvre is full of objects that look broken but are still powering on – much as she has since she suffered a disabling stroke Crumpled and crumbling, Angela de la Cruz’s artworks are all on the verge of collapse. Her canvases are broken and folded in on themselves, her sculptures are barely assembled junk, and look as if they might turn right back into rubbish ...
Ikon, Birmingham The Spanish artist’s oeuvre is full of objects that look broken but are still powering on – much as she has since she suffered a disabling stroke Crumpled and crumbling, Angela de la Cruz’s artworks are all on the verge of collapse. Her canvases are broken and folded in on themselves, her sculptures are barely assembled junk, and look as if they might turn right back into rubbish if there’s a strong breeze. Just as you walk into this quiet, sparse show of the London-based Spanish artist’s work at Birmingham’s Ikon – her first UK solo show outside London despite being nominated for the Turner prize in 2010 and generally being one of the biggest art names in the country – there’s a black-painted canvas wrapped around an old two-legged table (which once belonged to Guardian art critic Adrian Searle ). Next to it sits a painting in thick, brown gunk – a fecal monochrome, its bottom corner snapped off but gaffer taped back on, the whole thing wedged upright. It looks and feels like a body that doesn’t work, faulty and leaky, patched up and forced back to the vertical. Continue reading...
Investors should scoop up shares of Arm Holdings after the company unveiled its first in-house central processing unit chip amid the artificial intelligence data center boom, according to Raymond James. The investment firm upgraded Arm to outperform from market perform. It also set a $166 price target on shares, suggesting 23% upside. "We upgrade Arm to Outperform following the company's announced...
Investors should scoop up shares of Arm Holdings after the company unveiled its first in-house central processing unit chip amid the artificial intelligence data center boom, according to Raymond James. The investment firm upgraded Arm to outperform from market perform. It also set a $166 price target on shares, suggesting 23% upside. "We upgrade Arm to Outperform following the company's announced business model shift to include a fabless semiconductor element," analyst Simon Leopold said Wednesday in a note. "In our assumption of coverage, we advocated for Arm to go down this path because it would yield strong operating profit, aid growth and add a new dimension to the strategy." The upgrade comes after Arm debuted Tuesday its first in-house chip , AGI CPU 一 a critical element for powering artificial intelligence inference in data centers. Shares jumped 13% in premarket trading following the announcement. Arm is jumping into the central processing unit manufacturing fray as demand for AI data centers and their underlying hardware is booming. Hyperscalers Alphabet, Microsoft, Meta and Amazon, have committed a combined nearly $700 billion in capital expenses to build new AI data centers. API CPU, which was co-developed with Meta, will also fuel agentic AI applications, in addition to supporting inference workloads. That positions the chip for adoption by a wide variety of AI research and deployment firms, according to Raymond James. "AGI CPU was designed to address the unique requirements of agentic AI and inferencing workloads, use cases including accelerator management, agentic orchestration, increased networking and data plane compute power to support the AI data centers," Raymond James' Leopold wrote. He added, "the industry-leading bandwidth allows for more effective threads of execution per rack vs x86 CPUs, and Arm claims 2x the performance of x86 CPUs in its high-end reference configuration." Meta, which has earmarked up to $135 billion on capital expenditure...
Check out the companies making the biggest moves premarket: CF Industries — The fertilizer manufacturer and distributor fell nearly 4% as reports on negotiations surrounding the U.S.-Iran war signaled the commodity's shortage could end. Fertilizer prices have soared since the closure of the Strait of Hormuz, sending shares of CF Industries up more than 27% since the start of the conflict. Arm — Th...
Check out the companies making the biggest moves premarket: CF Industries — The fertilizer manufacturer and distributor fell nearly 4% as reports on negotiations surrounding the U.S.-Iran war signaled the commodity's shortage could end. Fertilizer prices have soared since the closure of the Strait of Hormuz, sending shares of CF Industries up more than 27% since the start of the conflict. Arm — The chipmaker popped 13% after it unveiled its first in-house chip, saying it would generate $15 billion in revenue by 2031 . EchoStar — Shares jumped nearly 7% after The Information reported that SpaceX could file for an IPO as soon as this week. The satellite communications provider has about a 3% stake in the Elon Musk-led company. KB Home — The homebuilder fell more than 2% after it reported fiscal first-quarter earnings of 52 cents per share, coming below the 55 cents per share analysts polled by LSEG had anticipated. The company's $1.08 billion revenue also fell below the consensus estimate of $1.10 billion. Additionally, KB Home forecast current-quarter housing revenue and deliveries that missed StreetAccount estimates. Braze — The cloud-based software company surged nearly 22% after it reported fourth-quarter revenue of $205.2 million, while analysts polled by FactSet had expected $198.2 million. Braze also called for current quarter revenue that exceeded the Street's estimate. However, its fourth-quarter adjusted earnings of 10 cents per share came in below the consensus expectation of 14 cents per share. Terns Pharmaceuticals — Shares gained more than 5% after Merck agreed to buy the biopharma company for $53 per share in cash, valuing the biopharma company at $6.7 billion. The deal is expected to close in the second quarter and represents a 6% premium to Terns' closing level on Tuesday.
Governments across Asia are preparing for worst-case energy scenarios that could include a prolonged and severe disruption to supplies, even as the US draws up a plan to end the war in Iran. South Korea shifted into crisis mode on Wednesday, setting up an emergency economic task force to urgently prepare for adverse scenarios. The Philippines declared a national emergency , citing an “imminent dan...
Governments across Asia are preparing for worst-case energy scenarios that could include a prolonged and severe disruption to supplies, even as the US draws up a plan to end the war in Iran. South Korea shifted into crisis mode on Wednesday, setting up an emergency economic task force to urgently prepare for adverse scenarios. The Philippines declared a national emergency , citing an “imminent danger of a critically low energy supply.” Japan is reviewing its entire supply chain of petroleum-related products as the likelihood builds of shortages and knock-on effects across the economy, while India’s Prime Minister Narendra Modi warned the war could cause unprecedented challenges for the nation. In under a month since the Middle East conflict began, nations have shifted into emergency footing, highlighting the Strait of Hormuz’s importance to global energy flows. About a quarter of the world’s seaborne oil trade and a host of other commodities pass through the 100-mile-long waterway, much of it bound for Asia. Iran sits above the strait and has effectively closed it to all but approved vessels. The growing alarm in Asia contrasts with cautious optimism in financial markets as US President Donald Trump seeks talks with Iran to end the war. Equities rallied and oil fell on Wednesday. That did little to assuage concerns in Asia, where many countries source the bulk of their oil from the Middle East and reserves are beginning to run down. “Right now, the closure of the Strait of Hormuz is, in a sense, an Asian crisis,” Singapore’s Foreign Minister Vivian Balakrishnan said on Monday. “The vulnerability is known, but it has never been tested to the extreme that it is being tested today.” The shortage is already being keenly felt across Asia, with work weeks cut short, street lights switched off and gas stations forced to close. In Pakistan, cricket fans have even been told to stay home and watch the games on television to conserve fuel. The country is also planning to impos...
Igor Kutyaev/iStock via Getty Images On Holding AG ( ONON ) is on watch Wednesday after the company announced that Martin Hoffman, who spent 13 years as CFO and 5 years as CEO, will be stepping down from the company as part of a planned hiatus. Hoffman will be replaced in the CEO role by co-founders David Allemann and Caspar Coppetti. Allemann and Coppetti will assume the roles of co-CEOs on May 1...
Igor Kutyaev/iStock via Getty Images On Holding AG ( ONON ) is on watch Wednesday after the company announced that Martin Hoffman, who spent 13 years as CFO and 5 years as CEO, will be stepping down from the company as part of a planned hiatus. Hoffman will be replaced in the CEO role by co-founders David Allemann and Caspar Coppetti. Allemann and Coppetti will assume the roles of co-CEOs on May 1, while continuing as executive co-chairmen of the board. On ( ONON ) said this facilitates their operational roles and brings the founders' long-term stewardship into direct alignment with execution responsibility. Co-founder Olivier Bernhard will continue spearheading key performance product initiatives and athlete engagement as an executive member of the board. Weighing in on the development, Needham analyst Tom Nikic said that while Hoffmann's departure was described as something that was planned, the firm expects investors will react negatively to the news. "For a company that's been doing as well as ONON has, there's been a surprising amount of shuffling of the C-suite, including the departure of co-CEO Marc Maurer about a year ago. Furthermore, Mr. Hoffmann was the 'face' of the company for investors (even when he shared the CEO role with Mr. Maurer), so this will likely come as a shock to the investor base," he updated. Nikic and his team concluded that investors may be disappointed that the proverbial boat is being rocked when the company is performing so well. Shares of On Holdings ( ONON ) were down 5.6% in premarket action. More on On Holding On Holding: Still A Long Way To Run, But Waiting For A Stumble To Buy On Holding: Don't Sweat The Soft Initial 2026 Outlook, Buy As Product Scope Expands On Holding AG (ONON) Q4 2025 Earnings Call Transcript On Holding names new Co-CEOs as Martin Hoffmann prepares exit On Holdings' shares crater as FY26 sales guidance spooks investors
China Mobile has invested nearly HK$10 billion (US$1.28 billion) over five years to help turn Hong Kong into a global computing hub, integrating the city into China’s national network. The world’s largest telecoms operator by subscribers on Wednesday opened a new data centre in northern Hong Kong and said it would step up investment in next-generation submarine cables. The state-owned group aims t...
China Mobile has invested nearly HK$10 billion (US$1.28 billion) over five years to help turn Hong Kong into a global computing hub, integrating the city into China’s national network. The world’s largest telecoms operator by subscribers on Wednesday opened a new data centre in northern Hong Kong and said it would step up investment in next-generation submarine cables. The state-owned group aims to bring Hong Kong into China’s national computing network, which has the world’s second-largest...
The British designer's move into manufacturing marks a decisive break with a model that made it one of technology's most valuable companies For three decades, Arm Holdings PLC (NASDAQ:ARM) built one of the most profitable businesses in technology without making a single chip. Its model was...
The British designer's move into manufacturing marks a decisive break with a model that made it one of technology's most valuable companies For three decades, Arm Holdings PLC (NASDAQ:ARM) built one of the most profitable businesses in technology without making a single chip. Its model was...
Tim Robberts/DigitalVision via Getty Images Know what you own, and know why you own it. - Peter Lynch Introduction Today's article, like many in recent months, is about the rotation. Initially, the rotation was mainly based on higher inflation and broadening growth expectations, something I reiterated in a recent article titled "The Market Has No Idea How Bullish This 'Run-It-Hot' Shift Is." As al...
Tim Robberts/DigitalVision via Getty Images Know what you own, and know why you own it. - Peter Lynch Introduction Today's article, like many in recent months, is about the rotation. Initially, the rotation was mainly based on higher inflation and broadening growth expectations, something I reiterated in a recent article titled "The Market Has No Idea How Bullish This 'Run-It-Hot' Shift Is." As always, the market is focused on near-term risks. Currently, that includes the war in Iran. However, by doing so, it's missing the bigger picture, which I consider to be very bullish. We're seeing strong efforts to kick-start accelerating economic growth in areas like housing, manufacturing, and related industries. All of this is supported by rapid AI developments that I believe will help America reindustrialize its economy in a way we haven't seen in generations (yes, really). Today, I will also talk about the rotation, economic growth, and AI disruption. However, we'll go a few steps further, as there's a lot more to it, including the "long-duration" versus the "short-duration" theme. That's what I have been working on and what I will share with you now. So, as we have a lot to discuss, let's get to it! This Market Is Super Tough While I am writing this, the S&P 500 is 7% below its 52-week high and down 5% on a year-to-date basis. That's not nice, but it's quite good compared to the fear that has been going around lately, all triggered by Iran-related stagflation fears. Also, note that because of fast-moving headlines, the picture may look different by the time you read this. But that's OK, as this article isn't about short-term developments. StockCharts (SPY) However, as we all know, the market is top-heavy. The biggest 10 holdings (mostly FANG+ stocks) account for close to 40% of its weighting. That heavily distorts the picture. After doing some digging, I found some interesting numbers: 57 S&P 500 stocks are down more than 20% year-to-date. That's 11% of the market (57/5...
Anaconda Invest SA , a boutique hedge fund focused on energy, says it’s decided to disregard statements by US President Donald Trump about the Iran war, in an effort to avoid being distracted by an excess of signals. “We try to ignore Trump,” Renaud Saleur , chief executive of Geneva-based Anaconda, said in an interview. The implications of the president’s commentary for stocks and derivatives are...
Anaconda Invest SA , a boutique hedge fund focused on energy, says it’s decided to disregard statements by US President Donald Trump about the Iran war, in an effort to avoid being distracted by an excess of signals. “We try to ignore Trump,” Renaud Saleur , chief executive of Geneva-based Anaconda, said in an interview. The implications of the president’s commentary for stocks and derivatives are “not manageable,” and “he changes opinion ten times a day.” Instead of hanging on Trump’s every word, Anaconda has been actively building up its exposure to oil services companies since the war Iran started, according to Saleur. The approach has helped his fund gain roughly 35% this year, he says. Since the US and Israel attacked Iran on Feb. 28, Trump has shifted rhetoric on both the purpose of the war and the extent to which it will be either long-lasting or brief. This week, the US president rocked markets when he retreated from what he’d initially framed as a hard deadline for Iran to open the Strait of Hormuz. Read More: Stocks Bounce as Oil Falls on Trump’s Peace Push: Markets Wrap Anaconda has spent March adding shares of US drilling technology firm Baker Hughes Co. and Frontline Plc in Norway, both of which have underperformed the S&P Global Oil Index since the end of February. The hedge fund manager has also maintained positions in SLB Ltd. and in other tanker, drilling and engineering stocks, Saleur said. The firm has been bullish on oil stocks and futures since December. “There is a lot of disruption and it will take months if not years to settle,” said Saleur, whose firm manages $150 million overall. Other hedge fund managers specialized in energy stocks voiced similar dismay at the messaging coming from the powers steering the Iran war. “Day to day trading is impossible when the market is moving with this sort of velocity on tweets and news headlines,” said Todd Warren , portfolio manager at Tribeca Investment Partners Pty . Amid all the noise, however, one th...
On March 17, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission published a new set of guidelines classifying 16 major cryptocurrencies as "digital commodities," and Solana (CRYPTO: SOL) made the list. Now, with a firm foundation for legal clarity about its status as an asset, the coin's future looks significantly brighter than before. But at roughly $90 per coin...
On March 17, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission published a new set of guidelines classifying 16 major cryptocurrencies as "digital commodities," and Solana (CRYPTO: SOL) made the list. Now, with a firm foundation for legal clarity about its status as an asset, the coin's future looks significantly brighter than before. But at roughly $90 per coin today, and down by about 36% during the past 12 months, Solana looks pretty beaten down, and its price hasn't fully reacted to the good news. Nonetheless, there are three specific things in the new guidance that directly strengthen the investment thesis for buying it, so let's look at why these specifics could make sub-$100 Solana into one of the more compelling opportunities in crypto at the moment. Image source: Getty Images. Continue reading
(RTTNews) - BAE Systems plc (BA.L, BAESY), a defense, security, and aerospace company, said Wednesday that it has signed a seven-year framework agreement with the U.S. Department of War.
(RTTNews) - BAE Systems plc (BA.L, BAESY), a defense, security, and aerospace company, said Wednesday that it has signed a seven-year framework agreement with the U.S. Department of War.