Beata Manthey, European equity strategy head at Citi, discusses the bond market selloff and says it is "not necessarily bad" for index-level equities. "EPS growth in Europe for the index-level is going up, not down," Manthey tells Bloomberg Television. "But it is happening in this very narrow fashion." (Source: Bloomberg)
Beata Manthey, European equity strategy head at Citi, discusses the bond market selloff and says it is "not necessarily bad" for index-level equities. "EPS growth in Europe for the index-level is going up, not down," Manthey tells Bloomberg Television. "But it is happening in this very narrow fashion." (Source: Bloomberg)
Marketa Bement/iStock via Getty Images Overview LKQ Corporation ( LKQ ) operates one of the largest automotive replacement and salvage networks in the world. The company distributes aftermarket parts, recycled components, specialty products, and repair systems used to maintain and restore vehicles. Arguably, the sheer size and scale of their salvage yard network across almost 1400 locations gives ...
Marketa Bement/iStock via Getty Images Overview LKQ Corporation ( LKQ ) operates one of the largest automotive replacement and salvage networks in the world. The company distributes aftermarket parts, recycled components, specialty products, and repair systems used to maintain and restore vehicles. Arguably, the sheer size and scale of their salvage yard network across almost 1400 locations gives them a network effect like a moat when it comes to salvaged parts. Through its North American, European, specialty, and self-service segments, LKQ serves repair shops, insurers, recyclers, and automotive consumers across multiple continents. In addition to salvaging automotive parts, the company has an extensive logistics network. (lkqcorp.com) In recent years, multiple headwinds and overall pessimism have depressed the stock price gradually. Shares are now down more than forty percent from recent highs and trade at one of the cheapest valuations in the company’s public history. TTM P/E and Price/Sales are currently near the lowest levels since the 2003 IPO. (Seeking Alpha) Investment Thesis The central investment thesis behind LKQ is quite simply that, despite challenges and underwhelming financial results as of late, the market has become excessively pessimistic about a business that still possesses durable competitive advantages and significant free cash flow generation potential. The company runs a continental network of salvage yards and distribution facilities that would take a competitor a decade and billions in capital to replicate, and most of that capital would potentially be locked up in industrial real estate that has become harder to permit each year. The salvage business itself works on a spread. LKQ buys totaled vehicles at insurance auctions for low prices, then dismantles and resells the recoverable parts at a multiple of that cost. The margin lives in pricing accuracy at auction, processing efficiency, and inventory matching, operational competencies built...
Michael Vi/iStock Editorial via Getty Images Palantir ( PLTR ) is pushing for the U.S. Defense Intelligence Agency to explore private-sector solutions for its data analytics modernization, Axios reported, citing a filing it obtained. The filing suggested that the DIA’s eight-year effort to develop its own data analytics system has been an unreliable and inefficient use of money, according to Axios...
Michael Vi/iStock Editorial via Getty Images Palantir ( PLTR ) is pushing for the U.S. Defense Intelligence Agency to explore private-sector solutions for its data analytics modernization, Axios reported, citing a filing it obtained. The filing suggested that the DIA’s eight-year effort to develop its own data analytics system has been an unreliable and inefficient use of money, according to Axios. The DIA, which provides intelligence assistance on foreign governments and non-state actors, launched its Machine-assisted Analytic Rapid-repository System, or MARS, eight years ago. More on Palantir Palantir Technologies: Priced For Perfection, And That's Concerning Palantir Says SaaS Is Dead - I Am Buying Here Palantir: Riding The AI Wave, But Limited Margin Of Safety Quant ratings on Renaissance Technologies' top holdings: UTHR, PLTR, AAPL Mega‑cap laggards: IBM, Palantir, Wells Fargo lead biggest YTD declines
Though earnings season is the quarterly pinnacle for most investors, the filing of Form 13Fs can be just as telling. This required quarterly filing allows investors to track which stocks Wall Street's savviest money managers have been buying and selling, including Pershing Square's (PS +1.31%) billionaire boss, Bill Ackman. The latest round of 13Fs, detailing first-quarter trading activity, shows ...
Though earnings season is the quarterly pinnacle for most investors, the filing of Form 13Fs can be just as telling. This required quarterly filing allows investors to track which stocks Wall Street's savviest money managers have been buying and selling, including Pershing Square's (PS +1.31%) billionaire boss, Bill Ackman. The latest round of 13Fs, detailing first-quarter trading activity, shows that Ackman purchased shares of Amazon (AMZN +2.14%) and Microsoft (MSFT +0.82%) hand over fist, while at the same time slashing one of his fund's largest positions, Alphabet (GOOGL +0.38%)(GOOG +0.03%), by 95%. Pershing Square Capital Management's billionaire boss piled into two "magnificent" stocks As an activist investor, Ackman tends to oversee a concentrated portfolio of around one dozen stocks. During the March-ended quarter, he nabbed 5,654,078 shares of Microsoft, making it his fund's fourth-largest position, and scooped up an additional 1,844,157 shares of Amazon, which is now Pershing Square's No. 2 holding by market value. Ackman laid out his reasoning for piling into Microsoft ahead of his company's 13F filing, noting: We were able to establish our position at a valuation of 21 times forward earnings, broadly in line with the market multiple and well below Microsoft's trading average over the last few years. Expand NASDAQ : MSFT Microsoft Today's Change ( 0.82 %) $ 3.41 Current Price $ 419.93 Key Data Points Market Cap $3.1T Day's Range $ 410.48 - $ 421.17 52wk Range $ 356.28 - $ 555.45 Volume 1.6M Avg Vol 34M Gross Margin 68.31 % Dividend Yield 0.63 % Ackman is known to take advantage of price dislocations when short-term fears unduly weigh on market leaders. The rout of software stocks in February, coupled with questions about Microsoft's Azure cloud platform, opened the door for Ackman to pounce. It's a similar story with Amazon, which was underperforming other members of the "Magnificent Seven" when Pershing Square's lead investor began scooping up shares in...
Key Points Quarterly-filed Form 13Fs offer a way for investors to track which stocks Wall Street's savviest money managers are buying and selling. Billionaire Bill Ackman prefers a concentrated investment portfolio that's packed with perceived price dislocations. Pershing Square Capital Management's boss nearly cut the cord on Google parent Alphabet for one key reason. 10 stocks we like better tha...
Key Points Quarterly-filed Form 13Fs offer a way for investors to track which stocks Wall Street's savviest money managers are buying and selling. Billionaire Bill Ackman prefers a concentrated investment portfolio that's packed with perceived price dislocations. Pershing Square Capital Management's boss nearly cut the cord on Google parent Alphabet for one key reason. 10 stocks we like better than Alphabet › Though earnings season is the quarterly pinnacle for most investors, the filing of Form 13Fs can be just as telling. This required quarterly filing allows investors to track which stocks Wall Street's savviest money managers have been buying and selling, including Pershing Square's (NYSE: PS) billionaire boss, Bill Ackman. The latest round of 13Fs, detailing first-quarter trading activity, shows that Ackman purchased shares of Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) hand over fist, while at the same time slashing one of his fund's largest positions, Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), by 95%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Pershing Square Capital Management's billionaire boss piled into two "magnificent" stocks As an activist investor, Ackman tends to oversee a concentrated portfolio of around one dozen stocks. During the March-ended quarter, he nabbed 5,654,078 shares of Microsoft, making it his fund's fourth-largest position, and scooped up an additional 1,844,157 shares of Amazon, which is now Pershing Square's No. 2 holding by market value. Ackman laid out his reasoning for piling into Microsoft ahead of his company's 13F filing, noting: We were able to establish our position at a valuation of 21 times forward earnings, broadly in line with the market multiple and well below Microsoft's trading average over the last few years. Ackman is known to take advant...
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Amerant Bancorp Inc. AMTB is a bank holding company for Amerant Bank. The Zacks Consensus Estimate for its current year earnings has been revised 16.7% downward over the last 60 days. BP p.l.c. BP engages in the energy business worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 22.4% down...
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Amerant Bancorp Inc. AMTB is a bank holding company for Amerant Bank. The Zacks Consensus Estimate for its current year earnings has been revised 16.7% downward over the last 60 days. BP p.l.c. BP engages in the energy business worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 22.4% downward over the last 60 days. Columbia Sportswear Company COLM is a lifestyle apparel and accessories company. The Zacks Consensus Estimate for its current year earnings has been revised 11.5% downward over the last 60 days. View the entire Zacks Rank #5 List. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP) : Free Stock Analysis Report Columbia Sportswear Company (COLM) : Free Stock Analysis Report Amerant Bancorp Inc. (AMTB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Microsoft Corporation remains in focus after its most recent quarterly earnings update and ongoing AI push around Azure and Copilot. Investors are watching how cloud growth and AI-related spending shape margins and revenue trends for the tech heavyweight. Microsoft Corporation stays in the spotlight after its latest quarterly earnings release highlighted continued strength in cloud and artificial ...
Microsoft Corporation remains in focus after its most recent quarterly earnings update and ongoing AI push around Azure and Copilot. Investors are watching how cloud growth and AI-related spending shape margins and revenue trends for the tech heavyweight. Microsoft Corporation stays in the spotlight after its latest quarterly earnings release highlighted continued strength in cloud and artificial intelligence services, alongside solid demand in its productivity and business segments. The company’s Azure cloud platform and AI products, including Microsoft Copilot, remained central growth drivers, according to coverage of the recent quarterly report published in April 2026 by major financial media such as Reuters as of 04/25/2026 and technology-focused outlets tracking the company’s results. As of: 21.05.2026 By the editorial team – specialized in equity coverage. At a glance Name: Microsoft Microsoft Sector/industry: Software and cloud services Software and cloud services Headquarters/country: Redmond, United States Redmond, United States Core markets: Global enterprise software, cloud, productivity tools Global enterprise software, cloud, productivity tools Key revenue drivers: Cloud (Azure), Office and productivity, Windows, gaming Cloud (Azure), Office and productivity, Windows, gaming Home exchange/listing venue: Nasdaq (ticker: MSFT) Nasdaq (ticker: MSFT) Trading currency: US dollar (USD) Microsoft Corporation: core business model Microsoft Corporation operates one of the world’s largest software and cloud businesses, spanning operating systems, productivity applications, developer tools, and infrastructure services. The company’s traditional core has been Windows and Office, but over the past decade its center of gravity shifted towards recurring subscription revenue, especially through Microsoft 365 and cloud-based offerings. This transition has been reflected in the mix of revenue reported in recent fiscal years, where cloud-related segments have steadily con...
Iskandar Zulkarnaen/iStock via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Exports increased for major products and markets, especially to the EU and China Japan’s exports rose a stronger-than-expected 14.8% year-on-year in April (vs. 11.7% in March, 9.2% market consensus, 11% ING). Major product items such as machinery (12.5%), electrical machinery (28.6%), and transpor...
Iskandar Zulkarnaen/iStock via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Exports increased for major products and markets, especially to the EU and China Japan’s exports rose a stronger-than-expected 14.8% year-on-year in April (vs. 11.7% in March, 9.2% market consensus, 11% ING). Major product items such as machinery (12.5%), electrical machinery (28.6%), and transport equipment (6%) recorded increases. By destination, exports to the US (9.5%), China (15.5%), the EU (26.9%), and Taiwan (27.6%) all rose firmly. The global AI boom and the expansion of power generation facilities are among the main drivers of these strong outcomes. Although Japan is not a leading chip manufacturer, it benefits from strong demand and supply shortages, with exports up 41.6%. Chip exports remained strong throughout Asia, especially to Taiwan and China (88.6%). We expect Asian countries involved in global chip supply chains to continue benefiting from the AI boom. It’s worth noting that exports to the EU have remained robust throughout the year. There was a significant increase in exports of power-generating machines (up 113.5%) and continued strength in vehicle exports (up 48.2%). We think this is related to the US tariffs on autos. Following the implementation of US tariffs on cars, Japanese exports to the EU grew steadily, while those to the US (-2.3%) stayed weak. Exports firmly rose in May, with notable growth in semiconductors and machineries (Source: CEIC) Japan increased US energy imports quite sharply, but only partially replaced Middle East supply shortages Imports also rose 9.7% YoY in April (vs. 10.9% in March, 8.5% market consensus), but the rise was modest. We found that despite the higher global commodity prices, the drop in import volumes should lead to a limited rise in imports. Mineral fuels imports dropped sharply by 19.3%. Within the category, petroleum and LNG imports fell both in value and volume terms. Meanwhile, petroleum spirits and no...
Stocks were on track to rise Thursday as investors digested strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Moves e...
Stocks were on track to rise Thursday as investors digested strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Moves early Thursday suggest that the market has concluded that Nvidia’s first-quarter earnings were good, but not good enough to keep the AI rally going.
pawinp/iStock via Getty Images Markets were mixed throughout the quarter with small-cap stocks advancing to start the year before retreating in March as the conflict in Iran unfolded. Small caps outperformed large caps during the period, and value broadly outperformed growth. Our portfolio posted positive returns but underperformed the value benchmark. The industrials, technology, and consumer dis...
pawinp/iStock via Getty Images Markets were mixed throughout the quarter with small-cap stocks advancing to start the year before retreating in March as the conflict in Iran unfolded. Small caps outperformed large caps during the period, and value broadly outperformed growth. Our portfolio posted positive returns but underperformed the value benchmark. The industrials, technology, and consumer discretionary sectors weighed on portfolio performance. Concentrix ( CNXC ), a provider of customer experience solutions, was the largest detractor, as investors focused on the potential impact of generative AI and short-term margin pressure from capacity investments ahead of new contract wins. The company continues to win business with its AI solutions, and the stock remains very attractive even with its relatively wide range of outcomes. Cabinetmaker American Woodmark ( AMWD ) also detracted, as tariff headwinds and softer end-market demand weighed on sentiment, although we believe the longer-term normalization opportunity remains intact and are optimistic that the merger with MasterBrand ( MBC ) will drive savings. Specialty vehicle manufacturer Aebi Schmidt ( AEBI ) also detracted from portfolio performance, as weaker demand for walk-in vans in North America pressured earnings. The strongest contributions came from the basic materials, financials, and consumer staples sectors. Auto parts retailer Advance Auto Parts ( AAP ) was the top individual contributor, as the company's turnaround continued to gain traction with better inventory management and cost control supporting margins and improving operating execution. Consumer products company Spectrum Brands ( SPB ) contributed as strength in its Global Pet Care business along with encouraging signs for its Home & Garden business offset ongoing weakness in Home Appliances and Personal Care. Chemical producer Olin ( OLN ) benefitted from stronger fundamentals tied to higher oil prices at the end of the quarter, which supported...