Nikola Stojadinovic/E+ via Getty Images Summary Following my coverage on Driven Brands Holdings ( DRVN ) last year, in which I recommended a buy rating as I was bullish on Take 5’s progress and the balance sheet deleveraging process, this post is to provide an update on my thoughts on the business and stock. The good news this quarter was that the restatement overhang has eased; however, the operating story is no longer as clean. Importantly, this is not because Q4 revenue or EBITDA was weak. The issue is that management’s preliminary Q1 2026 and quarter-to-date Q2 commentary made the forward-looking setup less clean, with Take 5 traffic moderating while Franchise Brands remains weak. This makes it harder for me to stay bullish at this point. Latest Q4 Results Review DRVN reported Q4 2025 results a few days ago, and the quarter itself was solid rather than weak. Net revenue grew 7.7% y/y to $460.1 million. System-wide sales were $1.5 billion, up 2% y/y, driven by 0.5% SSSG and 175 net new units. Segment-wise, Take 5 remained the main growth driver, with revenue of $308.5 million and SSSG of 3.7%. Auto Glass Now also grew, with revenue of $56.4 million and SSSG of 6.3%. Franchise Brands remained the weak spot, with revenue of $67.9 million and SSSG of -1.0%. On profitability, total adj. EBITDA was $111.9 million, with a 24.3% margin. Of this, Take 5 generated $107.3 million of adj. EBITDA, with a 34.8% margin; Auto Glass Now generated $3.2 million of adj. EBITDA, with a 5.7% margin; and Franchise Brands generated $42.4 million of adj. EBITDA, with a 62.4% margin. Net income from continuing operations was $40.7 million, or $0.25 per diluted share. Why I Am Moving To Neutral The reason I am downgrading DRVN to neutral is simple: the equity story is no longer as clean as I believed last year. The balance sheet is indeed better and the restatement overhang has eased, but the operating backdrop is not strong enough for me to stay bullish. Q4 itself was not the issue; the ...

One of the most promising introductions at Google’s I/O developer conference on Tuesday was a new way for consumers to use the web: AI agents. Unfortunately, it was also the most confusing. Google took the wraps off information agents, a reinvention of the aging Google Alerts service, now infused with AI. These AI agents are designed to operate in the background, 24/7, helping users stay up to date on topics they’re interested in, like market trends, price tracking, or inclement weather warnings. Information agents Image Credits:Google Then there is Google Spark, a “personal” AI agent that can help you navigate your digital life by integrating with Google products, like Gmail, Google Docs and Google Workspace. The company says the assistant can handle everyday tasks like surfacing themes from newsletters, organizing your home inventory and keeping track of what needs restocking, or helping you plan and manage a group trip with friends. Or, as Google showed off in a very engineering-minded example, you could use it to organize a neighborhood block party — as if that would require any management beyond a group chat or some emails. Gemini Spark Image Credits:Google There’s also a name for how you track notifications from Spark: Android Halo. (Why an Android feature needs its own brand is beyond me, but a good guess is that Google’s internal product teams are fairly competitive and want to highlight their own work, even at the risk of confusing users.) Image Credits:Google Next, Gemini’s app is getting an AI agent that can compile a personalized digest from your Gmail inbox, calendar, and tasks, and provide an update called Daily Brief. Image Credits:Google Many of these products have not yet shipped, or at least won’t be available to the wider public right away. Instead, Google is targeting its heavier users for now: the “AI-pilled” subscribers of its new, only $100-per-month Gemini Ultra plan. Google Pro and Ultra subscribers in the U.S. will get to use Information ag...

格隆汇5月21日｜芯片制造商Arm Holdings(AR.USM)盘初一度涨幅扩大至超10%，报284.489美元/股，至盘中纪录新高，总市值报3009亿美元。

Investing.com -- Crypto-based prediction market bettors are forecasting an enormous debut for SpaceX when the company eventually goes public, with markets implying a strong likelihood of a valuation above $1 trillion on its first trading day. According to data from Polymarket, traders currently assign a 73% probability that SpaceX will achieve a market capitalization exceeding $2 trillion after its IPO debut. The market also suggests a 17% chance the company could surpass $3 trillion in value. SpaceX on Wednesday unveiled its highly awaited filing for an initial public offering, disclosing billions in losses and unveiling a super-voting share structure that would enable Elon Musk to maintain control of the company. According to the filing, SpaceX reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared to a net loss of $528 million on revenue of approximately $4 billion in the same period last year. The company aims to raise up to $75 billion through the IPO. SpaceX is reportedly targeting a valuation above $1.5 trillion. If the company were to exceed a $2 trillion valuation, it would rank among the world’s most valuable companies, ahead of Meta Platforms and Tesla, which currently hold market capitalizations of roughly $1.5 trillion and $1.6 trillion respectively. Source: Polymarket The market reflects growing optimism surrounding SpaceX’s dominant position in commercial launches, its rapidly expanding Starlink satellite internet business, and expectations that the company could become one of the most valuable firms in the world if it eventually enters public markets. Related articles SpaceX could be worth more than Tesla and Meta after IPO, bettors predict Citi pushes back Fed rate cuts to May after blowout January jobs report Goldman expects lower but still attractive stock market returns in 2026

Source: Bloomberg, 0:00

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(RTTNews) - Homebuilder Hovnanian Enterprises, Inc. (HOV) reported Thursday a net loss for the second quarter of $2.95 million or $0.46 per share, compared to net income of $17.06 million or $2.43 per share in the prior-year quarter. Total revenues for the quarter declined to $667.65 million from $686.47 million in the same quarter last year. Looking ahead to the third quarter, the company expects adjusted pretax income between breakeven and $10 million and adjusted EBITDA between $30 million and $40 million on total revenues between $650 million and $750 million. In Thursday's regular trading session on the NYSE, HOV is currently trading at $102.46, up $4.52 or 4.62 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This morning a "Potential Dividend Run Alert" went out for Exponent Inc. (NASD: EXPO), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.31 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.31 the next day, then effectively, buyers would effectively be paying 0.31 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the stock t...

This morning a "Potential Dividend Run Alert" went out for Kimco Realty Corp (NYSE: KIM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.26 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.26 the next day, then effectively, buyers would effectively be paying 0.26 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the stoc...

This morning a "Potential Dividend Run Alert" went out for OUTFRONT Media Inc (NYSE: OUT), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.30 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.30 the next day, then effectively, buyers would effectively be paying 0.30 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the sto...

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This morning a "Potential Dividend Run Alert" went out for Open Text Corp (NASD: OTEX), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.275 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 0.275 the next day, then effectively, buyers would effectively be paying 0.275 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the sto...

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Key Points Pembroke Management, LTD sold 251,249 shares of Q2 Holdings; estimated transaction value is $14.16 million based on quarterly average price. The quarter-end position value decreased by $20.41 million, reflecting both trading activity and stock price movement. This transaction represents a 2.05% change relative to the fund’s 13F reportable assets under management. After the sale, the fund holds 91,885 shares valued at $4.35 million. The stake now accounts for 0.63% of AUM, which places it outside the fund’s top five holdings. 10 stocks we like better than Q2 › Pembroke Management, LTD disclosed in a May 13, 2026, SEC filing that it sold 251,249 shares of Q2 Holdings (NYSE:QTWO), an estimated $14.16 million trade based on the quarterly average price. What happened According to a SEC filing dated May 13, 2026, Pembroke Management, LTD reduced its position in Q2 Holdings by 251,249 shares during the first quarter. The estimated value of these sales is $14.16 million, calculated using the average closing price for the quarter. The fund’s remaining stake was valued at $4.35 million as of March 31, 2026. The net position change for the quarter, including both the reduction in shares and price movement, was a decrease of $20.41 million. What else to know This was a reduction in holdings; Q2 Holdings now represents 0.63% of Pembroke Management, LTD’s 13F reportable AUM. Top holdings after the filing: NASDAQ: MPWR: $37.61 million (5.4% of AUM) NYSE: REZI: $37.59 million (5.4% of AUM) NYSE: MOD: $35.95 million (5.2% of AUM) NASDAQ: AAON: $35.59 million (5.1% of AUM) NYSE: GMED: $35.20 million (5.1% of AUM) As of May 13, 2026, shares of Q2 Holdings were priced at $44.70, down 51.8% over the past year and underperforming the S&P 500 by 78.26 percentage points. Company overview Metric Value Revenue (TTM) $821.58 million Net income (TTM) $73.89 million Market capitalization $2.80 billion Price (as of market close May 13, 2026) $44.70 Company snapshot Offers a suite of c...

This morning a "Potential Dividend Run Alert" went out for Genuine Parts Co. (NYSE: GPC), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend date. For anyone unfamiliar with the term, the ex-dividend date marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares before the ex-dividend date. All else equal, the stock price would be expected to drop by the dividend amount on that ex-date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 1.062 dividend before ex-date, but no longer entitled to that amount on or after ex-date, then this drop makes perfect sense! Because if the shares didn't drop by that same 1.062 the next day, then effectively, buyers would effectively be paying 1.062 more for the same share of stock. But now think about this: if a stock is expected to drop by the dividend amount (all else equal) on ex-date, then in turn, shouldn't that stock be expected to rise sometime ahead of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And that wouldn't make any sense for a company continually earning money and paying dividends. So indeed, "sometime" before a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the s...

预期差主要来自游戏收入、毛利率以及严格控制的经营费用。 5月21日盘后，网易（09999.HK）发布2026年第一季度财报。一季度网易收入306亿元，同比增加6.1%；归属于公司股东的净利润为107亿元，同比增加3.8%。 截至晚间21:00，网易美股盘前下跌约4%。5月21日收盘，网易港股跌4.82%，报171.7港元/股，总市值5478亿港元，距离年初的高点跌去约20%。 海豚投研认为，网易一季度业绩整体超预期，预期差主要来自游戏收入、毛利率以及严格控制的经营费用。 其中毛利率是财报的最大亮点，一季度毛利率达69.4%，游戏相关毛利率提高至75%，同比提高6个百分点，推动因素包括高毛利的自研PC游戏在本季度收入贡献较多，以及渠道成本的下滑，这包括引导官网充值、苹果等应用商店下降分成比例的原因。 游戏是网易的营收主要来源，一季度网易游戏及相关增值服务收入为257 亿元，同比增加 6.9%，营收占比达到近84%。财报提到，增加主要来自《梦幻西游》系列和《燕云十六声》等自研游戏收入提升。 海豚投研分析，市场基于本季度无新游以及去年高基数的原因，对网易游戏收入的预期相对保守，大多为5%以下。实际上因为《梦幻西游PC版畅游服》和《燕云十六声》海外发行，以及《第五人格》和《蛋仔派对》的运营修复，实现了近7%的增长。一季度末递延收入同比增长 2%，同样优于机构预期的17%。 二季度网易预计还会面临一些高基数压力，但进入下半年，手游端开始有重磅新游上线，有望支撑游戏收入加速。网易提到，《遗忘之海》与《无限大》等重磅新游戏正在推进。其中《遗忘之海》已进入公测前的最后准备阶段，机构预期全端年流水在30-50亿的水平。 在游戏之外，网易第二大收入来自网易云音乐，一季度收入20 亿元，同比增加 6.6%。有道净收入为人民币13 亿元，同比增加 3.8%。创新及其他业务净收入为15亿元，同比减少 4.6%，减少来自于电商和广告业务的净收入下降。 网易一季度营业费用为86亿元，同比增加约7%。但进一步看，销售和市场费用增加了近28%，研发费用低速增长，同时一般费用及管理费用下滑了33%，显示一季度网易在经营费用上做了严格控制。 海豚投研分析认为，过去两年网易的管理费用一直在收缩，在本身规模就不高的情况下，继续大幅下降，说明一季度发生了比较大的人员优化或薪酬调整。 今年3月，网易曾传出因为A...

汇丰控股 宣布推出一项40亿美元的“可持续发展与转型信贷工具”，旨在为中国内地的清洁能源和低碳技术企业提供融资支持，帮助其拓展全球市场。 该信贷工具将重点覆盖清洁电力、交通电气化、数据中心和人工智能等领域。汇丰可持续金融与转型全球主管娜塔莉·布莱斯表示，中国拥有世界上一些最具活力的低碳公司，这些企业正在为高端制造业设定新的基准，随着它们向国际扩张，需要具有全球影响力和专业知识的金融合作伙伴来提供支持。 这一举措正值中国清洁技术出口大幅增长之际。能源智库Ember数据显示，今年3月中国清洁技术出口总额达257.7亿美元，同比增长超过50%。与此同时，中东战争导致全球石油供应损失约10亿桶，进一步推动了各国对替代能源的需求。 作为该信贷工具的一部分，汇丰将为符合条件的企业提高信贷额度、简化信贷审批流程并制定定制化金融解决方案。数据显示，中国去年占全球清洁技术出口的近47%，以及全球太阳能和电池出口的三分之二左右。汇丰2025年全年可持续金融交易额超过1020亿美元。 责任编辑：张俊 SF065

It's official: SpaceX is looking to go public in an initial public offering (IPO) that could break records. Investors looking to get ahead of the IPO have several options for investing in SpaceX right now. But for most investors, it makes more sense to simply wait for shares to be made publicly available. That's because Elon Musk reportedly wants up to 30% of shares reserved for smaller retail investors. For comparison, most major IPOs allocate just 5% to 10% of shares for small investors. If you're looking to get involved in the most exciting space stock of the century, here's a brief summary of the most important dates to be aware of. Three dates that will influence the SpaceX IPO For months, we had very little clarity about when SpaceX might go public. Early reporting, however, revealed the company would target anywhere from a $1.5 trillion valuation all the way to a $2 trillion valuation, raising somewhere between $50 billion and $80 billion in fresh capital -- money that will be used for everything from orbital data centers to a permanent human base on the moon. Last month, we simply knew that SpaceX was targeting a summer debut. But in recent days, the timeline has been narrowed down to three key dates. On May 15, Reuters reported that SpaceX is targeting a June 4 roadshow. That's the date SpaceX executives will team up with its investment banking team to pitch the IPO to investors. On June 11, SpaceX is hoping to price its IPO, meaning that a share price and valuation range will be set. An actual share sale could be as early as June 12, though there may be some delay to these internal timelines. Reuters is also reporting that the company will be listed on the Nasdaq stock exchange under the ticker SPCX. I'm very curious about the valuation SpaceX ultimately decides on. And investors should wait to make an investment decision until a full prospectus is made public and pricing details are formally announced. But judging by the latest reports, a SpaceX IPO could...

Key Points SpaceX is targeting a valuation of at least $1.5 trillion. Experts believe an IPO could raise $50 billion to $75 billion in capital. These 10 stocks could mint the next wave of millionaires › It's official: SpaceX is looking to go public in an initial public offering (IPO) that could break records. Investors looking to get ahead of the IPO have several options for investing in SpaceX right now. But for most investors, it makes more sense to simply wait for shares to be made publicly available. That's because Elon Musk reportedly wants up to 30% of shares reserved for smaller retail investors. For comparison, most major IPOs allocate just 5% to 10% of shares for small investors. 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 » If you're looking to get involved in the most exciting space stock of the century, here's a brief summary of the most important dates to be aware of. Three dates that will influence the SpaceX IPO For months, we had very little clarity about when SpaceX might go public. Early reporting, however, revealed the company would target anywhere from a $1.5 trillion valuation all the way to a $2 trillion valuation, raising somewhere between $50 billion and $80 billion in fresh capital -- money that will be used for everything from orbital data centers to a permanent human base on the moon. Last month, we simply knew that SpaceX was targeting a summer debut. But in recent days, the timeline has been narrowed down to three key dates. On May 15, Reuters reported that SpaceX is targeting a June 4 roadshow. That's the date SpaceX executives will team up with its investment banking team to pitch the IPO to investors. On June 11, SpaceX is hoping to price its IPO, meaning that a share price and valuation range will be set. An actual share sale could be as early as June 12, though ...

sefa ozel/E+ via Getty Images Shares of Amkor Technology ( AMKR ) fell about 1% on Thursday after it provided long-term financial targets for 2028 and 2030. The chip packaging and test services provider expects 2028 revenues to be $9B, plus or minus $500M, according to a company presentation . The figures came in below the consensus estimate of $9.22B. Amkor anticipates EPS of $2.50, plus or minus $0.25, and a gross margin of 17.5%, plus or minus 100 basis points, or bps, in 2028. For 2030, the company expects revenue to be nearly more than $11B, EPS roughly over $5, and a gross margin of around more than 22%. Amkor said key assumptions include: mix shift towards higher-value packaging that drives margin and earnings expansion; initial ramp-up costs in 2027 and 2028 with the Arizona facility buildout; revenue growth accelerating in 2029 to 2030 as the Arizona facility scales; and a 20% planning effective tax rate. More on Amkor Technology Amkor Technology: The Arizona Re-Rating Has More Room To Run Amkor Technology: Q1 Beats Across The Board, Showing Massive Room For AI Packaging Acceleration Amkor Technology, Inc. (AMKR) Q1 2026 Earnings Call Transcript Amkor secures additional 67 acres in Arizona to scale U.S. advanced packaging operations Amkor Technology prices $1B convertible debt offering

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