M. Suhail/iStock Editorial via Getty Images Arcos Dorados ( ARCO ), the franchisee of McDonald's ( MCD ) across most of Latin America, presented its 1Q26 results . Although the results look very positive on the surface in both a comparable, USD-adjusted, and constant currency basis, they do not really show any substantial underlying business improvement. Most of the improvement comes from either i...
M. Suhail/iStock Editorial via Getty Images Arcos Dorados ( ARCO ), the franchisee of McDonald's ( MCD ) across most of Latin America, presented its 1Q26 results . Although the results look very positive on the surface in both a comparable, USD-adjusted, and constant currency basis, they do not really show any substantial underlying business improvement. Most of the improvement comes from either inflation or currency appreciation. In this context, the company trades at a P/E of 13x+ when adjusting the TTM results for non-recurring factors, of what seems like currency-overvalued earnings. I do not think the company is worth this much, given the cyclical position, and therefore believe it remains a Hold. 1Q26 results The company's quarterly results seemed pretty good on the surface. Revenues are up 13% YoY in USD to ~$1.2 billion, across all of their geographical segments (NLAD, mainly Mexico; SLAD, mainly Argentina; and Brazil). Adjusted EBITDA levered 120 bps to a 9.7% margin, and increased by 30% YoY to ~$120 million on a reported basis. Because of leverage on D&A and interest, reported net income almost tripled to $36 million from ~$14 million a year ago. This all seems like a significantly positive quarter for the company. However, under the first reported results, we find a more challenging scenario across most markets. The first point, more obvious but less fundamental, we have to make is that the company excluded some expenses from adjusted EBITDA (non-recurring severance mainly) but failed to exclude the non-recurring gain from transactions of restaurants with its sub-franchisees. This represents $7.5 million in total or ~25/30% of the improvement in adjusted EBITDA (~$27 million on a reported basis). The second point, more fundamental, is that ARCO's results are always quite hard to read because of the combination of local-currency inflation, appreciation against the USD, and store growth. The company sells in local currency (Brazilian real, Mexican peso, Co...
It also did not immediately specify which of those stores it was proposing to close, but said they were ones "whose performance has been challenged for a number of years and which are loss making, despite remedial action".
It also did not immediately specify which of those stores it was proposing to close, but said they were ones "whose performance has been challenged for a number of years and which are loss making, despite remedial action".
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Salesforce (CRM), Nvidia (NVDA) and nCino (NCNO) with bullish sentiments. Start a conversation with TipRanks’ trusted, data-backed investment intelligence Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds Salesforce (CRM) Barclays analyst Raimo Lensc...
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Salesforce (CRM), Nvidia (NVDA) and nCino (NCNO) with bullish sentiments. Start a conversation with TipRanks’ trusted, data-backed investment intelligence Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds Salesforce (CRM) Barclays analyst Raimo Lenschow maintained a Buy rating on Salesforce today and set a price target of $252.00. The company’s shares closed last Wednesday at $180.10. According to TipRanks.com, Lenschow is a 3-star analyst with an average return of 1.8% and a 47.4% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, DigitalOcean Holdings, and ZoomInfo Technologies. ;'> Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $255.88, representing a 45.4% upside. In a report issued on May 15, Stifel Nicolaus also maintained a Buy rating on the stock with a $250.00 price target. See Insiders’ Hot Stocks on TipRanks >> Nvidia (NVDA) Barclays analyst Thomas O’Malley maintained a Buy rating on Nvidia today and set a price target of $275.00. The company’s shares closed last Wednesday at $223.47. According to TipRanks.com, O’Malley is a top 100 analyst with an average return of 44.5% and a 66.6% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'> Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $283.90, representing a 27.2% upside. In a report issued on May 7, Goldman Sachs also maintained a Buy rating on the stock with a $250.00 price target. nCino (NCNO) Barclays analyst Saket Kalia maintained a Buy rating on nCino today and set a price target of $22.00. The company’s shares closed last Wednesday at $15.47. According to TipRanks.com, Kalia ...
AMD CEO Lisa Su said that the company is working with its vendors in Taiwan to ramp up production amid a stronger-than-expected demand for CPUs. Lisa Su speaks onstage during the 2024 A Year in TIME dinner at Current at Chelsea Piers on December 11, 2024, in New York City. (Photo by Noam Galai/Getty Images for TIME) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loadi...
AMD CEO Lisa Su said that the company is working with its vendors in Taiwan to ramp up production amid a stronger-than-expected demand for CPUs. Lisa Su speaks onstage during the 2024 A Year in TIME dinner at Current at Chelsea Piers on December 11, 2024, in New York City. (Photo by Noam Galai/Getty Images for TIME) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Su is visiting Taiwan after a trip to China. On Thursday, AMD announced a $10 billion investment into the region's chip ecosystem. Stocktwits sentiment for AMD has fallen this week and was ‘extremely bearish’ as of early Friday. Advanced Micro Devices shares gained 2.5% in early premarket trading on Friday, setting up for a third day of gains, amid fresh signals of a ramp-up in manufacturing. The company’s chief executive, Lisa Su, who is visiting Taiwan to meet with suppliers, said on Friday that the company is working with Taiwan-based partners to ramp up production capacity as stronger-than-expected demand is squeezing the global CPU market, Reuters reported. Read Next Loading... Loading... Speaking in Taipei after a visit to China, Su said she had met AMD's largest customers in China and globally and came to Taiwan to ensure supply capacity could support a significant increase in CPU production, according to the report. “The overall CPU market has had significantly higher demand than any of us predicted a year ago,” Su was quoted as saying, adding that demand is surging due to higher AI inference and agentic AI-related workloads. “I would say the CPU market is tight.” She indicated that AMD was ramping up capacity quickly and expected supply to increase every quarter this year, with significantly more supply planned for 2027 and beyond. Cloud companies are increasingly shifting from GPUs to CPUs for AI workloads, a trend Nvidia highlighted during its earnings call earlier ...
Su is visiting Taiwan after a trip to China. On Thursday, AMD announced a $10 billion investment into the region's chip ecosystem. Stocktwits sentiment for AMD has fallen this week and was ‘extremely bearish’ as of early Friday. Advanced Micro Devices shares gained 2.5% in early premarket trading on Friday, setting up for a third day of gains, amid fresh signals of a ramp-up in manufacturing. The ...
Su is visiting Taiwan after a trip to China. On Thursday, AMD announced a $10 billion investment into the region's chip ecosystem. Stocktwits sentiment for AMD has fallen this week and was ‘extremely bearish’ as of early Friday. Advanced Micro Devices shares gained 2.5% in early premarket trading on Friday, setting up for a third day of gains, amid fresh signals of a ramp-up in manufacturing. The company’s chief executive, Lisa Su, who is visiting Taiwan to meet with suppliers, said on Friday that the company is working with Taiwan-based partners to ramp up production capacity as stronger-than-expected demand is squeezing the global CPU market, Reuters reported. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Speaking in Taipei after a visit to China, Su said she had met AMD's largest customers in China and globally and came to Taiwan to ensure supply capacity could support a significant increase in CPU production, according to the report. “The overall CPU market has had significantly higher demand than any of us predicted a year ago,” Su was quoted as saying, adding that demand is surging due to higher AI inference and agentic AI-related workloads. “I would say the CPU market is tight.” She indicated that AMD was ramping up capacity quickly and expected supply to increase every quarter this year, with significantly more supply planned for 2027 and beyond. Cloud companies are increasingly shifting from GPUs to CPUs for AI workloads, a trend Nvidia highlighted during its earnings call earlier this week. AMD is one of the world’s biggest suppliers of CPUs and a chief competitor to Nvidia in the broader semiconductor space. AMD’s Taiwan Push The development comes a day after AMD announced a $10 billion investment across the Taiwan ecosystem to expand strategic partnerships and scale advanced packaging manufacturing for next-generation AI infrastructure. AMD announced that its next-ge...
Shares in Mol Nyrt., Hungary’s biggest energy group, dropped after an explosion at its petrochemicals plant in eastern Hungary killed one person and seriously injured several others. Shares slipped as much as 3.3% after Hungarian Prime Minister Peter Magyar posted about the incident on social media on Friday. The stock pared losses and was down 2.2% at 10:13 a.m. in Budapest. Mol said the incident...
Shares in Mol Nyrt., Hungary’s biggest energy group, dropped after an explosion at its petrochemicals plant in eastern Hungary killed one person and seriously injured several others. Shares slipped as much as 3.3% after Hungarian Prime Minister Peter Magyar posted about the incident on social media on Friday. The stock pared losses and was down 2.2% at 10:13 a.m. in Budapest. Mol said the incident occurred while attempting to restart its Olefin-1 plant in Tiszaujvaros, 180 km (112 miles) east of Budapest. According to initial information, a compressor’s explosion triggered a fire, which seriously injured nine and killed one, Economic Development and Energy Minister Istvan Kapitany said in a Facebook post. Firefighters have since extinguished the fire, said Kapitany, who was on the way to the scene of the accident along with Mol Chairman and Chief Executive Officer Zsolt Hernadi . Mol undertook the modernization of its Olefin-1 unit in 2022 to extend its lifetime at one of Hungary’s biggest industrial installation. Mol is also one of the region’s largest refiners, with refineries in Hungary, Slovakia and Croatia. It’s also in talks to gain control of the Naftna Industrija Srbije refinery in Serbia from sanctioned Russian energy group Gazprom Neft PJSC. Mol’s main Danube refinery in Hungary in Szazhalombatta suffered heavy damage in October following a major fire that was ruled an accident. Mol expects to finish repairs there in the third quarter of this year.
To activate the text-to-speech service, please first agree to the privacy policy below. Taipei, May 22 (CNA) The artificial intelligence (AI) infrastructure market is growing at a rapid pace, with rising inferencing demand bringing central processing units (CPUs) back to the core of computing, AMD Chair and CEO Lisa Su (蘇姿丰) said Friday. During a Q&A session at the CommonWealth Magazine 45th Anniv...
To activate the text-to-speech service, please first agree to the privacy policy below. Taipei, May 22 (CNA) The artificial intelligence (AI) infrastructure market is growing at a rapid pace, with rising inferencing demand bringing central processing units (CPUs) back to the core of computing, AMD Chair and CEO Lisa Su (蘇姿丰) said Friday. During a Q&A session at the CommonWealth Magazine 45th Anniversary Summit in Taipei, Su was asked how AMD can compete with Nvidia, which dominates the AI infrastructure market. She said the rapid expansion of the AI infrastructure market was a key factor to consider, given that the data center segment alone could exceed US$1 trillion within the next three to four years. That growing market will require a wide range of technologies, including CPUs, graphics processing units (GPUs) and application-specific integrated circuits (ASICs), Su said. "I think the advantage that we have at AMD is that we have all of these components," she said. Just six to 12 months ago, CPUs were not a focal point of discussion and were not seen as in short or tight supply, but with rising inferencing demand, CPUs are now back at the center of attention, Su said. "This is where AMD is very, very strong," she said, adding that she expects the company to perform well across the broader AI infrastructure as the market evolves to include a wide range of use cases. During the event, she was also asked how AMD views the growth potential of CPU technology in AI racks and how it is positioning itself for that opportunity. Su said AMD was highly optimistic about CPU growth in AI racks, noting that CPU demand had been relatively flat in recent years as attention focused on GPUs. That has changed with rising inferencing and agentic AI demand, she said, and she projected that the CPU market could grow by more than 35 percent annually over the next five years. Su said AMD's strategy is not to build a single CPU, but a full family of processors. Its new flagship CPU, for ...
DNY59/iStock via Getty Images Investment Thesis Chord Energy ( CHRD ) just bought the Williston Basin from Exxon at $40 a barrel to get to breakeven, increased its 2026 oil volume guidance without any additional capital outlays, and is still only trading at 7.5X forward earnings . There are some legitimate reasons not to like the stock. Production is flat, and Seeking Alpha Quant has CHRD as a hol...
DNY59/iStock via Getty Images Investment Thesis Chord Energy ( CHRD ) just bought the Williston Basin from Exxon at $40 a barrel to get to breakeven, increased its 2026 oil volume guidance without any additional capital outlays, and is still only trading at 7.5X forward earnings . There are some legitimate reasons not to like the stock. Production is flat, and Seeking Alpha Quant has CHRD as a hold with a Growth Factor Grade of F. These are facts, but they are the wrong lenses through which to view the stock. Sometimes multiples aren’t the whole story if the market is still catching up to the reality on the ground. CHRD is printing money with a $1.4B free cash flow against an only $8B market cap, with the lowest leverage of any of its regional peers and a CEO who has been forthright about their appetite to pursue M&A. I rate CHRD a buy. Company Overview CHRD is what emerged out of the Oasis–Whiting merger, a survivor of a spate of oil busts that happened in and around 2014. Two years later the company added Canadian exposure with the acquisition of Enerplus. CHRD operates 1.3 million acres mostly in the Bakken, pumps about 277,000 barrels per day, of which oil is 57%, and has managed their financials so that capital sufficiently covers the company’s operating needs. The XTO deal was financed with $750M in debt that a September 30, 2025 8-K gives the detail on. Integration is moving along at a brisk pace, as CHRD's Q1 2026 10-Q shows, though this work won’t really impact the company’s financials until 2027 or 2028. Q1 2025 Q1 2026 Y/Y Oil, NGL and gas revenues $1,103M $1,151M +4% Operating income $338M $333M -1% Adjusted free cash flow n/d $324M n/m Capital returned to shareholders $296M $145M -51% Derivative mark-to-market (loss) $(20)M $(241)M n/m Net income $220M $109M -50% Diluted EPS $3.66 $1.90 -48% Diluted weighted-avg shares (M) 59.7 56.8 -4.9% Click to enlarge Sources: CHRD Q1 2026 10-Q; 8-K dated May 5, 2026; Q1 2026 earnings call transcript. n/d = not sepa...
Photo: VCG China’s soccer authorities issued a new round of punishments in a widening crackdown on match-fixing, gambling and corruption, imposing lifetime bans on 17 people and shorter bans on 48 others, including former executives at some of the country’s best-known clubs. The Chinese Football Association said Thursday that the 17 people had been found by courts to have committed crimes and woul...
Photo: VCG China’s soccer authorities issued a new round of punishments in a widening crackdown on match-fixing, gambling and corruption, imposing lifetime bans on 17 people and shorter bans on 48 others, including former executives at some of the country’s best-known clubs. The Chinese Football Association said Thursday that the 17 people had been found by courts to have committed crimes and would be barred for life from any soccer-related activity. The association also said 48 people who had seriously violated industry rules would be banned from soccer-related work for five years or less.
Alexey_Fedoren Stock index futures rose Friday as traders grew optimistic about a potential resolution to tensions between the U.S. and Iran. S&P 500 futures ( SPX ) advanced 0.30% to 7,468.18, while Nasdaq 100 futures ( US100:IND ) gained 0.22% to 29,422.07. Dow futures ( INDU ) climbed 0.27% to 50,419.09. Market sentiment was boosted by renewed hopes for a potential diplomatic agreement to ease ...
Alexey_Fedoren Stock index futures rose Friday as traders grew optimistic about a potential resolution to tensions between the U.S. and Iran. S&P 500 futures ( SPX ) advanced 0.30% to 7,468.18, while Nasdaq 100 futures ( US100:IND ) gained 0.22% to 29,422.07. Dow futures ( INDU ) climbed 0.27% to 50,419.09. Market sentiment was boosted by renewed hopes for a potential diplomatic agreement to ease the ongoing conflict in the Middle East. In other news, President Donald Trump will host the swearing-in of Kevin Warsh as Federal Reserve chair at the White House on Friday. I nvestors were also preparing for consumer sentiment and leading indicator data later in the day. U.S. Treasury yields were mixed across the curve. The 10-year Treasury yield ( US10Y ) slipped 0.1 basis points to 4.57%, while the 2-year Treasury yield ( US2Y ) edged up 0.5 basis points to 4.10%. The 30-year Treasury yield ( US30Y ) fell 0.3 basis points to 5.09%. Top gainers in premarket trading included Workday ( WDAY ) +11.06%, Estée Lauder ( EL ) +10.25%, and Take-Two Interactive ( TTWO ) +6.24%. Decliners included Fortive ( FTV ) -1.93%, Atmos Energy ( ATO ) -1.92%, and Live Nation Entertainment ( LYV ) -1.91%. More on markets Belated Comments On The AI Boom AAII Sentiment Survey: Optimism Disappears Dow Jones, Nasdaq And S&P 500 Intraday Levels - Stock Markets Stall, Too Early For The Deal? Oil surge, bond selloff rattle markets as Iran standoff drags on
Maks_Lab/iStock via Getty Images The UK economy is facing a perfect storm as rising political uncertainty adds to the growing impact from the war in the Middle East. Businesses are reporting falling output, surging inflation, supply shortages and job cuts in May. The May PMI data indicate that the economy contracted at a 0.2% quarterly rate, representing a marked contrast to the robust growth seen...
Maks_Lab/iStock via Getty Images The UK economy is facing a perfect storm as rising political uncertainty adds to the growing impact from the war in the Middle East. Businesses are reporting falling output, surging inflation, supply shortages and job cuts in May. The May PMI data indicate that the economy contracted at a 0.2% quarterly rate, representing a marked contrast to the robust growth seen earlier in the year. The blame lies first and foremost with the war in the Middle East, though companies are also noting that domestic politics are taking an increasing toll, driving uncertainty higher, in turn deterring spending, hiring and investment. Things could well get worse in the coming months, as we have been seeing some support to manufacturing from precautionary stock building, which will inevitably fade once warehouses are full. Just as the economy shows signs of sinking into decline, prices are surging higher to herald a marked upturn in inflation in the months ahead as these costs pass through to consumers. This combination of a faltering economy and spiking price pressures leaves the Bank of England in a major quandary, facing the growing need to hike rates to help contain inflation but thereby adding to recession risks. Output falls in May The headline Composite PMI Output Index fell sharply in May, according to the preliminary ‘flash’ reading, down from 52.6 in April to 48.5. Dropping below the 50.0 no-change level, the PMI signalled the first fall in output since April of last year, when the US tariff announcement caused a brief downturn. May’s decline matched that seen last April to represent the joint-sharpest fall in output since late 2022. May’s flash PMI reading is consistent with the economy contracting at a 0.2% quarterly rate. Service sector activity slumps The decline was led by the service sector, where business activity fell at a rate not seen since the COVID-19 lockdown in January 2021, reversing a growth rebound seen in April. New orders plac...