26 days ago
AbbVie Inc. (NYSE:ABBV) was trading at around $263 on October 5, up 14.18% over twelve months. Its payout ratio is 190.40%. The company distributes nearly twice what it reports as profit.
A dividend that large is either about to be cut or is being paid out of something the earnings line does not show.
READ ALSO: Here is Why Tripadvisor (TRIP) is a Bad Investment at Today's Price
AbbVie reported net income of $6.27 billion and generated $16.87 billion of free cash flow. Dividends are paid from the second number, so a ratio measured against the first is describing depressed earnings rather than a company living beyond its means.
The margins show what depresses them. Operating margin is 40.04%. Net margin is 9.80%. Thirty points vanish between those lines, and where they vanish matters. Costs that high sitting below the operating line are not the business failing to earn. They are the amortization of a drug portfolio AbbVie bought rather than discovered, plus interest on the debt that bought it.
#paid
A dividend that large is either about to be cut or is being paid out of something the earnings line does not show.
READ ALSO: Here is Why Tripadvisor (TRIP) is a Bad Investment at Today's Price
AbbVie reported net income of $6.27 billion and generated $16.87 billion of free cash flow. Dividends are paid from the second number, so a ratio measured against the first is describing depressed earnings rather than a company living beyond its means.
The margins show what depresses them. Operating margin is 40.04%. Net margin is 9.80%. Thirty points vanish between those lines, and where they vanish matters. Costs that high sitting below the operating line are not the business failing to earn. They are the amortization of a drug portfolio AbbVie bought rather than discovered, plus interest on the debt that bought it.
#paid
26 days ago
Investors have rushed to get in on artificial intelligence (AI) stocks over the past few years as they've identified AI as the next big thing in technology. AI is exciting as it helps companies streamline processes, lower costs, make better decisions, and so much more. This is why some see it as a true revolution. Jensen Huang, chief of AI leader Nvidia, has even likened it to the Industrial Revolution, saying it will reshape the job market as that period once did.
This year, AI stocks have met with some headwinds, from concerns about the pace of AI infrastructure spending to general worries about the economy. And that has weighed on the performance of some. Still, the overall industry and the S&P 500 have been on the rise, and demand for AI products and services remains high. ****** ysts expect the AI market to reach into the trillions of dollars in a few years, suggesting there is still plenty of growth to come.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Now, looking ahead, if I could only buy one AI stock before 2027, I know exactly which one to choose. It would be the following...
This particular stock is one I already own, but today, I would be happy to increase my position. I like this company because it is a leader in two booming markets, has an established track record of earnings growth, and could see a new burst of growth moving forward due to its strength in AI. The company I'm talking about is Amazon (NASDAQ: AMZN), a significant player in the e-commerce and cloud computing markets.
#years #stocks
This year, AI stocks have met with some headwinds, from concerns about the pace of AI infrastructure spending to general worries about the economy. And that has weighed on the performance of some. Still, the overall industry and the S&P 500 have been on the rise, and demand for AI products and services remains high. ****** ysts expect the AI market to reach into the trillions of dollars in a few years, suggesting there is still plenty of growth to come.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Now, looking ahead, if I could only buy one AI stock before 2027, I know exactly which one to choose. It would be the following...
This particular stock is one I already own, but today, I would be happy to increase my position. I like this company because it is a leader in two booming markets, has an established track record of earnings growth, and could see a new burst of growth moving forward due to its strength in AI. The company I'm talking about is Amazon (NASDAQ: AMZN), a significant player in the e-commerce and cloud computing markets.
#years #stocks
1 month ago
Morgan Stanley has cut Novo Nordisk A/S (NYSE:NVO) to Underweight on September 11, 2026. Semaglutide, the underlying molecule for Wegovy and Ozempic, generates roughly 75% of 2026 revenue. Morgan Stanley models that it will still represent 59% of total sales when its patent protection expires in 2031. And according to the firm, the valuation does not price in the impact it has on Novo's terminal value. The stock, currently trading at 10.6x earnings and down 33% from its 52-week high, slipped another 2% following the call. At this point, the question isn't about whether the patent cliff is real or not, but whether the 10x multiple reflects an actual bargain.
Semaglutide loses exclusivity in Europe in 2031 and the US in 2032. And Morgan Stanley believes Novo's oral-obesity business, projected to reach $10 billion by 2031, could not offset the pricing collapse after the arrival of generics. Growth decelerates to a 4% compound rate between 2027 and 2030. If the deceleration continues, it will justify 10x earnings as a fair price instead of a cheap one.
The 10.6x multiple already prices aggressive pessimism into a market leader of one of the fastest-growing drug classes in history. Morgan Stanley fueled the pessimism by discounting a 2031 cliff five years earlier. However, pharmaceutical patent expirations frequently face extensions and prove difficult to time. Second, the ***** umption that oral obesity treatments cannot offset patent losses relies on oral semaglutide being the bridge. But Novo's next-generation portfolio, including CagriSema and amycretin, offers a significant defense against the patent cliff. This remains unproven, however, specifically after CagriSema's earlier weight-loss data failed to impress, yet Morgan Stanley's terminal-value model discounts this pipeline almost entirely. The company is also expanding its franchise. On September 7, the STEP Young trial hit its endpoint in children aged six to twelve, strengthening the base its successors inherit.
The smart money is leaning in. As per the Insider Monkey database, 59 hedge funds held NVO in the second quarter of 2026, up from 55 in the first, indicating a slight increase in the modest institutional interest in the stock. Short interest on the ADR is negligible at about 0.7%. The positioning reflects a beaten-down value stock quietly seeing institutional accumulation while Wall Street turns increasingly bearish.
#semaglutide #oral
Semaglutide loses exclusivity in Europe in 2031 and the US in 2032. And Morgan Stanley believes Novo's oral-obesity business, projected to reach $10 billion by 2031, could not offset the pricing collapse after the arrival of generics. Growth decelerates to a 4% compound rate between 2027 and 2030. If the deceleration continues, it will justify 10x earnings as a fair price instead of a cheap one.
The 10.6x multiple already prices aggressive pessimism into a market leader of one of the fastest-growing drug classes in history. Morgan Stanley fueled the pessimism by discounting a 2031 cliff five years earlier. However, pharmaceutical patent expirations frequently face extensions and prove difficult to time. Second, the ***** umption that oral obesity treatments cannot offset patent losses relies on oral semaglutide being the bridge. But Novo's next-generation portfolio, including CagriSema and amycretin, offers a significant defense against the patent cliff. This remains unproven, however, specifically after CagriSema's earlier weight-loss data failed to impress, yet Morgan Stanley's terminal-value model discounts this pipeline almost entirely. The company is also expanding its franchise. On September 7, the STEP Young trial hit its endpoint in children aged six to twelve, strengthening the base its successors inherit.
The smart money is leaning in. As per the Insider Monkey database, 59 hedge funds held NVO in the second quarter of 2026, up from 55 in the first, indicating a slight increase in the modest institutional interest in the stock. Short interest on the ADR is negligible at about 0.7%. The positioning reflects a beaten-down value stock quietly seeing institutional accumulation while Wall Street turns increasingly bearish.
#semaglutide #oral
1 month ago
Americans have paid about $97 billion more for fuel since the Iran war started in late February, roughly $740 extra per household, according to CNN. President Trump says prices will come down after the midterms. The CEO of Chevron just said publicly he does not see how that happens quickly.
Mike Wirth, Chevron's chairman and chief executive, spoke at a University of Texas at Austin energy conference on September 11. He told the audience that the mechanisms that helped absorb the oil supply shock earlier in the conflict have largely been used up, and that prices are more likely to rise than fall over the next few months.
When the U.S.-Iran conflict began, the oil market had several ways to handle the disruption. Countries could release crude from strategic reserves. Commercial inventories could be drawn down. The U.S. eased restrictions on sanctioned crude stored on vessels at sea. Those measures helped limit the initial price spike.
"Those have largely now played out," Wirth said. The energy system no longer has the buffers it had when the war began.
The loss of flexibility became more acute after attacks knocked out a major Saudi crude pipeline that had been bypassing the Strait of Hormuz. That single disruption put an estimated 2.5 million barrels of oil per day in limbo, tightening a market that was already running short on supply.
#crude #prices #energy #conflict
Mike Wirth, Chevron's chairman and chief executive, spoke at a University of Texas at Austin energy conference on September 11. He told the audience that the mechanisms that helped absorb the oil supply shock earlier in the conflict have largely been used up, and that prices are more likely to rise than fall over the next few months.
When the U.S.-Iran conflict began, the oil market had several ways to handle the disruption. Countries could release crude from strategic reserves. Commercial inventories could be drawn down. The U.S. eased restrictions on sanctioned crude stored on vessels at sea. Those measures helped limit the initial price spike.
"Those have largely now played out," Wirth said. The energy system no longer has the buffers it had when the war began.
The loss of flexibility became more acute after attacks knocked out a major Saudi crude pipeline that had been bypassing the Strait of Hormuz. That single disruption put an estimated 2.5 million barrels of oil per day in limbo, tightening a market that was already running short on supply.
#crude #prices #energy #conflict
1 month ago
(Bloomberg) -- A federal judge suggested a court-appointed "neutral" overseer could allay concerns that the Justice Department might use a long-standing US fund to revive plans to compensate supporters of President Donald Trump as victims of government "weaponization."
Most Read from Bloomberg
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#revive #justice #department #Trump
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Saudis Give European Oil Buyers No Supplies for Next Month
Zuckerberg Has an AI Empire to Build. Meet the Adviser Who Handles the Details
McDonald's Is Planning to Revamp Its Value Strategy to Revive US Sales
#revive #justice #department #Trump
1 month ago
Markel mirrors Berkshire's three-engine model of insurance, equities, and operating businesses, with $18.84 billion in float and $429.5 million in 2025 buybacks, but its $22 billion market cap makes it a fundamentally different species.
Markel's combined ratio improved to 94.6% in 2025, yet shares are down 17% year to date while trailing Berkshire's 10-year return by 155 percentage points.
Three signals determine the Markel thesis: whether the combined ratio holds in the low 90s, buybacks sustain pace, and Markel Ventures remains inside the group.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Berkshire Hathaway didn't make the cut. Enter your email to see the names that beat BRK-B. The report is free. Enter your email and see if any of your stocks made the cut.
Warren Buffett has stepped down as board chair of Berkshire Hathaway, with Greg Abel now running the company. The handoff has revived a question value investors have batted around for a decade: with the Oracle off the field, is Markel Group (NYSE:MKL) the closest thing left to early Berkshire Hathaway (NYSE:BRK-B)?
#hathaway #group #market
Markel's combined ratio improved to 94.6% in 2025, yet shares are down 17% year to date while trailing Berkshire's 10-year return by 155 percentage points.
Three signals determine the Markel thesis: whether the combined ratio holds in the low 90s, buybacks sustain pace, and Markel Ventures remains inside the group.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Berkshire Hathaway didn't make the cut. Enter your email to see the names that beat BRK-B. The report is free. Enter your email and see if any of your stocks made the cut.
Warren Buffett has stepped down as board chair of Berkshire Hathaway, with Greg Abel now running the company. The handoff has revived a question value investors have batted around for a decade: with the Oracle off the field, is Markel Group (NYSE:MKL) the closest thing left to early Berkshire Hathaway (NYSE:BRK-B)?
#hathaway #group #market
1 month ago
On September 2, 2026, Phreesia, Inc. (NYSE:PHR) reported second-quarter fiscal 2027 results for the period ended July 31, 2026. Revenue rose 10% to $129.5 million and adjusted EBITDA climbed to $32.9 million from $22.1 million a year earlier, a 25% margin. Net income reached $1.9 million, marking the company's fifth consecutive quarter of profitability. Management reaffirmed full-year revenue guidance of $510 million to $520 million and adjusted EBITDA of $125 million to $135 million.
The disagreement on Wall Street is about what that reaffirmation actually signals.
Wells Fargo found the highlight in Network Solutions, which grew 9% year-over-year, and pointed to the ProviderConnect pilot delivering a 4% prescription lift in a GLP-1 campaign that management says is generating follow-on business; the firm raised its target on Phreesia, Inc. (NYSE:PHR) to $10 from $9 while holding an Equal Weight rating.
DA Davidson stayed at Buy despite trimming its target on Phreesia, Inc. (NYSE:PHR) to $13 from $14, arguing the stock sold off on a reiterated guide even though network solutions activity is tracking more encouragingly than the prior outlook and AccessOne is opening a growing opportunity in alternative consumer payment options.
Baird ******* yst Joe Vruwink lifted his target to $11 from $10 at Neutral after updating his model.
#million #solutions
The disagreement on Wall Street is about what that reaffirmation actually signals.
Wells Fargo found the highlight in Network Solutions, which grew 9% year-over-year, and pointed to the ProviderConnect pilot delivering a 4% prescription lift in a GLP-1 campaign that management says is generating follow-on business; the firm raised its target on Phreesia, Inc. (NYSE:PHR) to $10 from $9 while holding an Equal Weight rating.
DA Davidson stayed at Buy despite trimming its target on Phreesia, Inc. (NYSE:PHR) to $13 from $14, arguing the stock sold off on a reiterated guide even though network solutions activity is tracking more encouragingly than the prior outlook and AccessOne is opening a growing opportunity in alternative consumer payment options.
Baird ******* yst Joe Vruwink lifted his target to $11 from $10 at Neutral after updating his model.
#million #solutions
1 month ago
Veralto Corporation (VLTO), headquartered in Waltham, Massachusetts, provides water ******* ytics, water treatment, marking and coding, and packaging and color services. Valued at $23.3 billion by market cap, the company offers product quality control systems and water purification equipment.
Companies worth $10 billion or more are generally described as "large-cap stocks," and VLTO perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the pollution & treatment controls industry. VLTO leads water quality and product quality & innovation with iconic brands like Hach, Trojan, ChemTreat, Videojet, Linx, Esko, X-Rite and Pantone, leveraging a large installed base to drive recurring consumables and software sales.
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#treatment #market #veralto
Companies worth $10 billion or more are generally described as "large-cap stocks," and VLTO perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the pollution & treatment controls industry. VLTO leads water quality and product quality & innovation with iconic brands like Hach, Trojan, ChemTreat, Videojet, Linx, Esko, X-Rite and Pantone, leveraging a large installed base to drive recurring consumables and software sales.
Billionaire Charlie Munger, Who Died at 99, Skipped Insurance on His Mansion Since He Could Just Write a Check to Rebuild — 'All Intelligent People Do It My Way'
Nvidia CEO Jensen Huang Just Dropped Huge News for This Cybersecurity Stock
How to Play GME Stock as GameStop CEO Ryan Cohen Buys $20.3 Million in Shares
#treatment #market #veralto
2 months ago
Daytona Beach, Florida-based Brown & Brown, Inc. (BRO) markets and sells insurance products and services in the United States and internationally. Valued at a market cap of $22.9 billion, the company operates through Retail and Specialty Distribution segments and provides property and casualty insurance, employee benefits insurance, personal insurance, specialty insurance, and more.
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." BRO fits squarely into that category, with a market cap above this threshold that reflects its substantial size and influence in the insurance brokers industry.
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#brown #beach #united
Companies with a market cap of $10 billion or more are typically called "large-cap stocks." BRO fits squarely into that category, with a market cap above this threshold that reflects its substantial size and influence in the insurance brokers industry.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.
#brown #beach #united
2 months ago
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High-income households can use what's called a "backdoor Roth" to utilize a Roth IRA despite the program's standard income restrictions. This can be an effective way to build a tax-free stream of income for your retirement, and it is a completely legal strategy.
Whether this method will reduce your taxes depends heavily on your tax rates now versus what you'll pay in retirement. For some high-earners, a Roth IRA can actually be a money loser if it means you end up spending more on taxes today than you will save on taxes in retirement.
Do you have questions about taxes and retirement planning? Speak with a financial advisor today.
A Roth IRA is what's called a "post-tax" retirement account. This means that you contribute to it with money that you've already paid taxes on. Then, in retirement, you make withdrawals on both your contributions and any growth completely tax-free. The idea is that it's more expensive upfront to build a Roth IRA compared with a pre-tax portfolio like a traditional IRA or 401(k), but you save taxes on your portfolio at its peak value as a retiree.
#Retirement #completely
High-income households can use what's called a "backdoor Roth" to utilize a Roth IRA despite the program's standard income restrictions. This can be an effective way to build a tax-free stream of income for your retirement, and it is a completely legal strategy.
Whether this method will reduce your taxes depends heavily on your tax rates now versus what you'll pay in retirement. For some high-earners, a Roth IRA can actually be a money loser if it means you end up spending more on taxes today than you will save on taxes in retirement.
Do you have questions about taxes and retirement planning? Speak with a financial advisor today.
A Roth IRA is what's called a "post-tax" retirement account. This means that you contribute to it with money that you've already paid taxes on. Then, in retirement, you make withdrawals on both your contributions and any growth completely tax-free. The idea is that it's more expensive upfront to build a Roth IRA compared with a pre-tax portfolio like a traditional IRA or 401(k), but you save taxes on your portfolio at its peak value as a retiree.
#Retirement #completely
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
On August 26, Movado Group (NYSE:MOV) reported second-quarter fiscal 2027 results that pushed adjusted earnings per share to $0.54 from $0.23 a year earlier, while net sales climbed 4.9% to $169.8 million. The jewelry and watch company also confirmed it will stop issuing annual financial guidance going forward, choosing instead to focus commentary on near-term trends. For a business built on Swiss craftsmanship and a stable of licensed fashion brands, the quarter marked a fifth straight period of positive momentum, and it came with a few surprises tucked inside the numbers.
Some of the headline strength came from a one-time source: $3.2 million in IEEPA duty refunds tied to tariffs paid between February 2025 and May 2026, which lifted GAAP gross margin to 59.4% from 54.1%. But strip that out and adjusted gross margin still rose 340 basis points to 57.5%, driven by favorable channel and product mix, strategic pricing, and less discounting. Growth was broad rather than concentrated in one line item. US net sales rose 4.9%, international sales rose 4.9% as well (4.1% in constant currency), and Latin America and India posted particularly strong results.
Movado.com sales jumped 8%, and Olivia Burton sales grew 23%, powered by small-shaped watches focused on the U.K. and US markets. The company also flagged a resurgence in traditional watch interest among younger buyers, pointing to the Baby Face mini strap watch, which sold out more than 400 units on movado.com in under a month. Looking ahead, Movado is expanding its Tapestry partnership to launch Kate Spade watches starting next fiscal year. The balance sheet backs up the momentum, with $211.6 million in cash, no debt, and $16.6 million already returned to shareholders through dividends this year.
Not every piece of this quarter travels into the second half. Management was explicit that the favorable mix of lower duty rate inventory that padded margins is temporary and is not expected to continue, and second-half gross margin guidance of 55% to 56% reflects that normalization. Sallie DeMarsilis also noted that gross margin gains were partially offset by higher shipping costs tied to fuel surcharges and rising e-commerce volume.
Geographically, the Middle East remains a soft spot, with Efraim Grinberg citing tourism-related headwinds in a region still affected by regional conflict. Operating expenses rose to $85.7 million from $80.6 million, largely on higher performance-based compensation and marketing spend. There is also a smaller but notable item: a $0.2 million pretax charge tied to a misconduct investigation within a Dubai-based Swiss subsidiary branch. And while Movado expects to recover another $6.8 million in IEEPA duties, it has chosen not to recognize that gain until the cash actually arrives, a reminder that not all of this quarter's tailwind is guaranteed to repeat.
#second
Some of the headline strength came from a one-time source: $3.2 million in IEEPA duty refunds tied to tariffs paid between February 2025 and May 2026, which lifted GAAP gross margin to 59.4% from 54.1%. But strip that out and adjusted gross margin still rose 340 basis points to 57.5%, driven by favorable channel and product mix, strategic pricing, and less discounting. Growth was broad rather than concentrated in one line item. US net sales rose 4.9%, international sales rose 4.9% as well (4.1% in constant currency), and Latin America and India posted particularly strong results.
Movado.com sales jumped 8%, and Olivia Burton sales grew 23%, powered by small-shaped watches focused on the U.K. and US markets. The company also flagged a resurgence in traditional watch interest among younger buyers, pointing to the Baby Face mini strap watch, which sold out more than 400 units on movado.com in under a month. Looking ahead, Movado is expanding its Tapestry partnership to launch Kate Spade watches starting next fiscal year. The balance sheet backs up the momentum, with $211.6 million in cash, no debt, and $16.6 million already returned to shareholders through dividends this year.
Not every piece of this quarter travels into the second half. Management was explicit that the favorable mix of lower duty rate inventory that padded margins is temporary and is not expected to continue, and second-half gross margin guidance of 55% to 56% reflects that normalization. Sallie DeMarsilis also noted that gross margin gains were partially offset by higher shipping costs tied to fuel surcharges and rising e-commerce volume.
Geographically, the Middle East remains a soft spot, with Efraim Grinberg citing tourism-related headwinds in a region still affected by regional conflict. Operating expenses rose to $85.7 million from $80.6 million, largely on higher performance-based compensation and marketing spend. There is also a smaller but notable item: a $0.2 million pretax charge tied to a misconduct investigation within a Dubai-based Swiss subsidiary branch. And while Movado expects to recover another $6.8 million in IEEPA duties, it has chosen not to recognize that gain until the cash actually arrives, a reminder that not all of this quarter's tailwind is guaranteed to repeat.
#second
2 months ago
India raised its purchases of Russia's Far East crude blend ESPO in the first seven months of the year as China backed out of the spot market in the first months of the Iran war and deliveries to India from the Middle East slumped with the closure of the Strait of Hormuz.
Total exports of the ESPO grade from Russia's Far Eastern port of Kozmino rose by 6% in January-July from a year earlier, Russian daily Kommersant reported on Wednesday, citing a report by Argus.
China remained the key buyer of ESPO crude, but its share of the shipments from Kozmino fell to 83% from 88%. At the same time, India's share of the ESPO exports increased to 16% to 12% in the first seven months of 2026, per data from Vortexa and Kpler cited in the report.
India raised its ESPO imports due to the slump in Chinese oil imports between May and June, and the supply disruptions in the Middle East, which delayed many term cargoes Indian refiners were expecting in the early summer.
The rise in Indian ESPO imports are due to logistics reasons and the Chinese pullback between April and June, according to Dmitry Prokofiev, director of external communications at NEFT Research.
#imports
Total exports of the ESPO grade from Russia's Far Eastern port of Kozmino rose by 6% in January-July from a year earlier, Russian daily Kommersant reported on Wednesday, citing a report by Argus.
China remained the key buyer of ESPO crude, but its share of the shipments from Kozmino fell to 83% from 88%. At the same time, India's share of the ESPO exports increased to 16% to 12% in the first seven months of 2026, per data from Vortexa and Kpler cited in the report.
India raised its ESPO imports due to the slump in Chinese oil imports between May and June, and the supply disruptions in the Middle East, which delayed many term cargoes Indian refiners were expecting in the early summer.
The rise in Indian ESPO imports are due to logistics reasons and the Chinese pullback between April and June, according to Dmitry Prokofiev, director of external communications at NEFT Research.
#imports
2 months ago
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The Ally Unlimited Cash Back Mastercard® offers a stellar 2% rewards rate on every purchase you make, but unlike other top cash-back credit cards, it doesn't offer a welcome bonus or introductory 0% APR. What's more, you can't apply for the card unless you receive an invitation from the card issuer.
2% cash back on every purchase
The Ally Unlimited Cash Back Mastercard gives you a flat 2% cash back on every purchase, with no limit to how much you can earn. If you prefer a simple rewards structure, this card makes it so you don't have to keep track of different rewards rates and spending categories.
The card allows you to redeem your rewards as a statement credit. Other top cash-back credit cards offer more flexibility, with options like direct deposit, paper checks, gift cards, and more.
#back #purchase
The Ally Unlimited Cash Back Mastercard® offers a stellar 2% rewards rate on every purchase you make, but unlike other top cash-back credit cards, it doesn't offer a welcome bonus or introductory 0% APR. What's more, you can't apply for the card unless you receive an invitation from the card issuer.
2% cash back on every purchase
The Ally Unlimited Cash Back Mastercard gives you a flat 2% cash back on every purchase, with no limit to how much you can earn. If you prefer a simple rewards structure, this card makes it so you don't have to keep track of different rewards rates and spending categories.
The card allows you to redeem your rewards as a statement credit. Other top cash-back credit cards offer more flexibility, with options like direct deposit, paper checks, gift cards, and more.
#back #purchase
2 months ago
October live cattle (LEV26) futures on Friday fell $1.20 to $211.725 and for the week were down $6.20. November feeder cattle (GFX26) futures lost $1.55 to $309.925 and on the week lost $6.325. The cattle futures markets have seen steady technical selling over the past four weeks as both markets remain trapped in price downtrends on the daily bar charts.
Cattle traders this week will digest the implications of President Donald Trump's administration trying to bring down the price of beef at the meat counter. Trump Friday said on social media that his administration will seek changes to allow farmers and ranchers to slaughter and process their own products in response to calls to loosen the grip of the big companies that dominate U.S. meat processing. "I am authorizing legal documents to be drawn in order to allow Farmers and Ranchers to be given the right to PROCESS THEIR OWN FOOD," Trump said in a post on Truth Social. "This should move quickly." The southern U.S. border reopening and Trump's move to allow tariff-free beef imports aimed at lowering beef prices have weighed on cattle markets recently, pushing live and feeder futures near nine-month lows.
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#cattle
Cattle traders this week will digest the implications of President Donald Trump's administration trying to bring down the price of beef at the meat counter. Trump Friday said on social media that his administration will seek changes to allow farmers and ranchers to slaughter and process their own products in response to calls to loosen the grip of the big companies that dominate U.S. meat processing. "I am authorizing legal documents to be drawn in order to allow Farmers and Ranchers to be given the right to PROCESS THEIR OWN FOOD," Trump said in a post on Truth Social. "This should move quickly." The southern U.S. border reopening and Trump's move to allow tariff-free beef imports aimed at lowering beef prices have weighed on cattle markets recently, pushing live and feeder futures near nine-month lows.
Was the Commodity Complex a Case of More of the Same Monday?
Arabica Coffee Consolidates Recent Losses
Rip-Roaring Bull Markets Are Taking Corn, Soybean, and Wheat Prices Higher
#cattle
2 months ago
I've been taking a look at Cisco (CSCO) since I saw a long setup back in Feb. 2026 after its record-breaking Q2 FY2026 at just under $80. Then the stock skyrocketed a massive 70% plus since, to a new all-time high of $130.37 on June 4, 2026.
And now after a retracement to the current levels, Jim Cramer just weighed in on the Aug. 27 Mad Money Lightning Round with his clearest endorsement yet.
"Cisco actually had a really good quarter, and I know that they gave very conservative guidance, but that's all it was," Cramer said.
The answer is I would absolutely buy, buy, buy.
I haven't seen Cramer use the phrase "buy, buy, buy" lightly. Three buys. No hedging. In Cramer's vocabulary, that's about as unambiguous as it gets.
#cramer #since #i 've #lightning
And now after a retracement to the current levels, Jim Cramer just weighed in on the Aug. 27 Mad Money Lightning Round with his clearest endorsement yet.
"Cisco actually had a really good quarter, and I know that they gave very conservative guidance, but that's all it was," Cramer said.
The answer is I would absolutely buy, buy, buy.
I haven't seen Cramer use the phrase "buy, buy, buy" lightly. Three buys. No hedging. In Cramer's vocabulary, that's about as unambiguous as it gets.
#cramer #since #i 've #lightning
2 months ago
During the August 24 Mad Money lightning round, when a caller inquired about Palantir Technologies Inc. (NASDAQ:PLTR), Cramer responded:
Okay, now here's the issue with Palantir. I have been committed to saying it was going to go up to $250, at least $200. I'm not backing away. They've had an amazing quarter. It's a great spec, but it is a spec. And I know people pilloried me when I came all the way back. But I stuck with it, and I'm not leaving it. I think it's real good. What can I say?
Cramer's unwavering stance on the company builds on a conviction he defended through summer market volatility. Following a dramatic weekly rally earlier in August where the stock jumped 44.1% in under a week, a caller during the August 11 episode highlighted its lack of direct enterprise software competition, and Cramer responded:
I got to tell you, the litany is true. I have been saying that Palantir, remember, I was the guy who was on the hook for the $200 going to $250, but they're making me proud, and are they my buddy, pal, friends? Probably not… I will say they had a great quarter and they deserve a little bit more. They deserve some of the love.
Palantir Technologies Inc. (NASDAQ:PLTR) presented a stellar second-quarter earnings report. Total revenue surged 94% year-over-year to $1.94 billion, comfortably beating Wall Street consensus estimates by $130 million. Growth was heavily powered by the U.S. commercial segment, which skyrocketed 149% year-over-year to $764 million as enterprise adoption of the Artificial Intelligence Platform (AIP) accelerated. Non-GAAP diluted earnings per share reached $0.41, topping expectations by $0.06. The management raised full-year 2026 revenue guidance to approximately $8.15 billion, solidifying Palantir Technologies Inc.'s (NASDAQ:PLTR) status as a dominant software player in enterprise and government AI sovereignty deployments.
#technologies #pltr #quarter
Okay, now here's the issue with Palantir. I have been committed to saying it was going to go up to $250, at least $200. I'm not backing away. They've had an amazing quarter. It's a great spec, but it is a spec. And I know people pilloried me when I came all the way back. But I stuck with it, and I'm not leaving it. I think it's real good. What can I say?
Cramer's unwavering stance on the company builds on a conviction he defended through summer market volatility. Following a dramatic weekly rally earlier in August where the stock jumped 44.1% in under a week, a caller during the August 11 episode highlighted its lack of direct enterprise software competition, and Cramer responded:
I got to tell you, the litany is true. I have been saying that Palantir, remember, I was the guy who was on the hook for the $200 going to $250, but they're making me proud, and are they my buddy, pal, friends? Probably not… I will say they had a great quarter and they deserve a little bit more. They deserve some of the love.
Palantir Technologies Inc. (NASDAQ:PLTR) presented a stellar second-quarter earnings report. Total revenue surged 94% year-over-year to $1.94 billion, comfortably beating Wall Street consensus estimates by $130 million. Growth was heavily powered by the U.S. commercial segment, which skyrocketed 149% year-over-year to $764 million as enterprise adoption of the Artificial Intelligence Platform (AIP) accelerated. Non-GAAP diluted earnings per share reached $0.41, topping expectations by $0.06. The management raised full-year 2026 revenue guidance to approximately $8.15 billion, solidifying Palantir Technologies Inc.'s (NASDAQ:PLTR) status as a dominant software player in enterprise and government AI sovereignty deployments.
#technologies #pltr #quarter
2 months ago
By Chuck Mikolajczak
NEW YORK, Aug 27 (Reuters) - The dollar was little changed on Thursday after a round of economic data, while attention began to shift towards a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Warsh is scheduled to speak at the gathering of central bankers on Friday, where investors will watch for clues on how policymakers plan to navigate a landscape in which higher Treasury yields could do some of the tightening work for them.
The dollar has rebounded somewhat this week from sharp declines in the prior week after U.S. Treasury Secretary Scott Bessent said the Treasury would double the size of quarterly repurchases of longer-dated bonds, sparking concerns that a shift to a more direct strategy to mitigate the rise in borrowing costs could lead to a debasement of the dollar.
The dollar index, which measures the greenback against a basket of currencies, edged up 0.02% to 99.14, with the euro up 0.01% at $1.165.
#shift #week #chuck #reuters
NEW YORK, Aug 27 (Reuters) - The dollar was little changed on Thursday after a round of economic data, while attention began to shift towards a speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Warsh is scheduled to speak at the gathering of central bankers on Friday, where investors will watch for clues on how policymakers plan to navigate a landscape in which higher Treasury yields could do some of the tightening work for them.
The dollar has rebounded somewhat this week from sharp declines in the prior week after U.S. Treasury Secretary Scott Bessent said the Treasury would double the size of quarterly repurchases of longer-dated bonds, sparking concerns that a shift to a more direct strategy to mitigate the rise in borrowing costs could lead to a debasement of the dollar.
The dollar index, which measures the greenback against a basket of currencies, edged up 0.02% to 99.14, with the euro up 0.01% at $1.165.
#shift #week #chuck #reuters
2 months ago
The dollar index (DXY00) tumbled to a 2.5-month low today and is down by -0.76%. The dollar retreated today after the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds. Lower T-note yields today have also weakened the dollar's interest rate differentials.
The US Treasury announced today that it will at least double the maximum size of its liquidity support buyback operations for longer-dated nominal coupon sizes to at least $4 billion per operation, effective September 9.
Did the Commodities Complex See Turnaround Activity Overnight?
Dollar Supported by Weak Stocks and Rising Bond Yields
Dollar Edges Higher as Stocks Slide
#stocks #announced
The US Treasury announced today that it will at least double the maximum size of its liquidity support buyback operations for longer-dated nominal coupon sizes to at least $4 billion per operation, effective September 9.
Did the Commodities Complex See Turnaround Activity Overnight?
Dollar Supported by Weak Stocks and Rising Bond Yields
Dollar Edges Higher as Stocks Slide
#stocks #announced
2 months ago
Stocks of leading cryptocurrency companies are soaring on Aug. 20 as a rally in Bitcoin (CRYPTO: $BTC) and other digital ******* ets is reignited.
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#NYSE #digital #Bitcoin
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#NYSE #digital #Bitcoin
2 months ago
Interested in HIVE Digital Technologies Ltd.? Here are five stocks we like better.
Revenue surged 73% year over year to $79.1 million, driven primarily by Bitcoin mining, while adjusted EBITDA improved to $13.4 million. However, HIVE reported a $142.9 million GAAP net loss, largely due to an $84.7 million non-cash Swedish VAT provision and $53.7 million in depreciation.
HIVE expanded its GPU cloud pipeline with a five-year, $360 million contract for 2,088 NVIDIA GB300 GPUs, bringing active and contracted annualized GPU revenue to $180 million. The company continues targeting $200 million in GPU-cloud annual recurring revenue by fiscal year-end.
The company ended the quarter with $208 million in cash and is advancing data-center projects in Sweden, Canada and Paraguay, while continuing to contest the Swedish VAT **** sment. Management expects HPC to reach roughly 40% of revenue after contracted GPU deployments come online.
AI Data Centers Are Splitting Winners From Pretenders in Infrastructure Stocks
#swedish
Revenue surged 73% year over year to $79.1 million, driven primarily by Bitcoin mining, while adjusted EBITDA improved to $13.4 million. However, HIVE reported a $142.9 million GAAP net loss, largely due to an $84.7 million non-cash Swedish VAT provision and $53.7 million in depreciation.
HIVE expanded its GPU cloud pipeline with a five-year, $360 million contract for 2,088 NVIDIA GB300 GPUs, bringing active and contracted annualized GPU revenue to $180 million. The company continues targeting $200 million in GPU-cloud annual recurring revenue by fiscal year-end.
The company ended the quarter with $208 million in cash and is advancing data-center projects in Sweden, Canada and Paraguay, while continuing to contest the Swedish VAT **** sment. Management expects HPC to reach roughly 40% of revenue after contracted GPU deployments come online.
AI Data Centers Are Splitting Winners From Pretenders in Infrastructure Stocks
#swedish
3 months ago
On August 7, AdvanSix (NYSE:ASIX) reported second-quarter sales of $421 million, up about 3% from a year earlier, while adjusted EBITDA fell $24 million to $32 million and adjusted EPS dropped $1.50 to $0.19. Behind those numbers sits a story of two forces pulling in opposite directions: a $72 million year-over-year jump in raw material costs, and a fertilizer season where farmers spent less than the company expected. What stands out is how completely AdvanSix priced its way through the cost spike, even as volume told a rougher story.
The quarter's 3% sales growth broke down into 18% favorable pricing against a 15% volume decline. Raw material pass-through pricing rose 13% as benzene and propylene costs climbed, while market-based pricing improved 5%, largely on higher plant nutrient pricing tied to sulfur input costs. That combination fully offset the $72 million raw material headwind for the quarter, and the swing looked even sharper sequentially: a $10 million net price/cost headwind in the first quarter flipped into a $39 million tailwind in the second. AdvanSix also closed out the full fertilizer year near a record for domestic granular ammonium sulfate volume, supported by progress toward a 75% ammonium sulfate granular conversion mix, with its sustained growth program generating returns above 30%.
Looking ahead, the company plans to grow ammonia sales volume 30% in 2026 against 2025's already record year, and it is applying for a USDA grant to expand ammonia capacity further. Management also pointed to a stronger cash flow picture in the back half of 2026, citing a lower capital spending run rate, working capital tailwinds from the fourth quarter fertilizer pre-buy program, and 45Q carbon capture tax credits.
The same quarter that showed pricing discipline also showed real demand strain. Plant nutrient volume came in below expectations as rising grower input costs met steady, lower crop and grain prices, squeezing farmer profitability enough to cut overall fertilizer consumption and drive a $17 million unfavorable volume impact. A planned ammonia plant turnaround, shifted into the quarter to align with a supplier's pipeline inspection, added another $4 million operational hit. Sulfur costs have been a bigger problem still. The Tampa sulfur marker closed at a record $705 per long ton in the third quarter, up from $655 in the second, and AdvanSix estimates every $100 per long ton move costs it roughly $35 million a year.
#quarter #year #pricing #sulfur
The quarter's 3% sales growth broke down into 18% favorable pricing against a 15% volume decline. Raw material pass-through pricing rose 13% as benzene and propylene costs climbed, while market-based pricing improved 5%, largely on higher plant nutrient pricing tied to sulfur input costs. That combination fully offset the $72 million raw material headwind for the quarter, and the swing looked even sharper sequentially: a $10 million net price/cost headwind in the first quarter flipped into a $39 million tailwind in the second. AdvanSix also closed out the full fertilizer year near a record for domestic granular ammonium sulfate volume, supported by progress toward a 75% ammonium sulfate granular conversion mix, with its sustained growth program generating returns above 30%.
Looking ahead, the company plans to grow ammonia sales volume 30% in 2026 against 2025's already record year, and it is applying for a USDA grant to expand ammonia capacity further. Management also pointed to a stronger cash flow picture in the back half of 2026, citing a lower capital spending run rate, working capital tailwinds from the fourth quarter fertilizer pre-buy program, and 45Q carbon capture tax credits.
The same quarter that showed pricing discipline also showed real demand strain. Plant nutrient volume came in below expectations as rising grower input costs met steady, lower crop and grain prices, squeezing farmer profitability enough to cut overall fertilizer consumption and drive a $17 million unfavorable volume impact. A planned ammonia plant turnaround, shifted into the quarter to align with a supplier's pipeline inspection, added another $4 million operational hit. Sulfur costs have been a bigger problem still. The Tampa sulfur marker closed at a record $705 per long ton in the third quarter, up from $655 in the second, and AdvanSix estimates every $100 per long ton move costs it roughly $35 million a year.
#quarter #year #pricing #sulfur
3 months ago
Aside from artificial intelligence juggernaut Nvidia, no company garners more attention during earnings season than Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). The trillion-dollar conglomerate that now-retired CEO Warren Buffett helped build is closely watched by value seekers and long-term investors.
While most of Wall Street has homed in on CEO Greg Abel ending a 14-quarter streak of net stock sales that began in the fourth quarter of 2022, the bigger story from the latest quarterly report is what, specifically, Berkshire's new boss has been buying.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
According to regulatory filings, no stock has been purchased more aggressively since Abel took the reins than Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). After Buffett initiated this position last year, Abel more than tripled Berkshire's stake in Alphabet during the first quarter and added another $10 billion via private placement in the second quarter. It's now Berkshire's No. 5 holding.
But this isn't the stock that should have investors buzzing.
#signal #NYSE
While most of Wall Street has homed in on CEO Greg Abel ending a 14-quarter streak of net stock sales that began in the fourth quarter of 2022, the bigger story from the latest quarterly report is what, specifically, Berkshire's new boss has been buying.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
According to regulatory filings, no stock has been purchased more aggressively since Abel took the reins than Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). After Buffett initiated this position last year, Abel more than tripled Berkshire's stake in Alphabet during the first quarter and added another $10 billion via private placement in the second quarter. It's now Berkshire's No. 5 holding.
But this isn't the stock that should have investors buzzing.
#signal #NYSE
3 months ago
The euro looks like it is testing the 1.1560 level, an area that had been important previously on a swing high, so we'll have to see if we can break above there. It certainly looks like it's struggling, but I also recognize that recently the 1.15 level had been support. Typically speaking, this is a pretty choppy pair, and when we zoom out on the longer-term charts, we start to see that we are approaching an area that historically has seen a lot of chop and noise. So a little bit of a pullback here would not be surprising to me at all. Certainly, we are seeing interest rates in America try to turn back around to the upside during the early part of the session, so something worth keeping an eye on.
Currently, the US dollar and the Swiss franc seem to be very consolidated, and this is typical for this pair. But the interest rate differential most certainly favors the US dollar, and carry traders will be attracted to the wide spread here that they collect at any close of the day, especially with a lot of traders on Wednesday getting triple swap. Looks like the area right around 0.81 continues to be a magnet for price.
And finally, the British pound is stretching towards the 1.35 level. This is a lot like the euro in the sense that we had reached close to a swing high and failed a bit. Rates in the United States climbing a little bit early may provide a little bit of a headwind as well. 1.35 being broken would obviously be a strong headline because of the large round psychological number. It could bring in more buyers; we'd have to wait and see.
Currently, the 1.3435 level or so looks to be support. Could be range-bound. Today has no major economic announcements of any serious consequence. And with that, it would make sense if traders were a little bit range-bound and indecisive.
If you'd like to know more about how to trade forex, please visit our educational area.
#like #little #certainly #currently
Currently, the US dollar and the Swiss franc seem to be very consolidated, and this is typical for this pair. But the interest rate differential most certainly favors the US dollar, and carry traders will be attracted to the wide spread here that they collect at any close of the day, especially with a lot of traders on Wednesday getting triple swap. Looks like the area right around 0.81 continues to be a magnet for price.
And finally, the British pound is stretching towards the 1.35 level. This is a lot like the euro in the sense that we had reached close to a swing high and failed a bit. Rates in the United States climbing a little bit early may provide a little bit of a headwind as well. 1.35 being broken would obviously be a strong headline because of the large round psychological number. It could bring in more buyers; we'd have to wait and see.
Currently, the 1.3435 level or so looks to be support. Could be range-bound. Today has no major economic announcements of any serious consequence. And with that, it would make sense if traders were a little bit range-bound and indecisive.
If you'd like to know more about how to trade forex, please visit our educational area.
#like #little #certainly #currently
3 months ago
UK-based self-adhesive labels manufacturer Crown Labels has added a Domino N730i digital label press to expand output.
The machine has taken the place of one of the company's two Domino N610i presses.
The change is intended to help the business handle rising order volumes, lift throughput and undertake more high-end label work.
With the N730i, production speeds have reached 90m/min in high-speed productivity mode while print resolution goes up to 1,200dpi.
Its seven-colour configuration, including orange and violet inks, has also enabled Crown Labels to move a larger share of work from flexographic processes to digital production.
#n730i
The machine has taken the place of one of the company's two Domino N610i presses.
The change is intended to help the business handle rising order volumes, lift throughput and undertake more high-end label work.
With the N730i, production speeds have reached 90m/min in high-speed productivity mode while print resolution goes up to 1,200dpi.
Its seven-colour configuration, including orange and violet inks, has also enabled Crown Labels to move a larger share of work from flexographic processes to digital production.
#n730i
3 months ago
Today represents another milestone moment for the company that rewrote Wall Street's record books with its initial public offering (IPO) a little over seven weeks ago. Elon Musk's trillion-dollar artificial intelligence (AI) and ****** e economy conglomerate, ****** e Exploration Technologies (SpaceX) (NASDAQ: SPCX), is set to report its second-quarter operating results after the closing bell today, Aug. 4.
While earnings reports provide the meat-and-potatoes of what makes companies tick, ****** eX's first quarterly report as a public company isn't the highlight of what's to come. The real fireworks begin two days later, on Aug. 6.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As of July 30, Wall Street's consensus is for ****** eX to deliver $6.82 billion in sales for the June-ended quarter with a loss of $0.29 per share. But without any previous guidance from the company, ****** yst estimates are truly all over the map.
Investors can expect ****** eX to talk up its two most prominent compute deals inked in the second quarter. In May, Anthropic, the large language model developer behind Claude, agreed to pay ****** eX $1.25 billion monthly through May 2029 for access to xAI's data center. Just weeks later, Alphabet agreed to pay $920 million monthly over three years to access xAI's compute capacity.
#SpaceX #NVIDIA #public
While earnings reports provide the meat-and-potatoes of what makes companies tick, ****** eX's first quarterly report as a public company isn't the highlight of what's to come. The real fireworks begin two days later, on Aug. 6.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As of July 30, Wall Street's consensus is for ****** eX to deliver $6.82 billion in sales for the June-ended quarter with a loss of $0.29 per share. But without any previous guidance from the company, ****** yst estimates are truly all over the map.
Investors can expect ****** eX to talk up its two most prominent compute deals inked in the second quarter. In May, Anthropic, the large language model developer behind Claude, agreed to pay ****** eX $1.25 billion monthly through May 2029 for access to xAI's data center. Just weeks later, Alphabet agreed to pay $920 million monthly over three years to access xAI's compute capacity.
#SpaceX #NVIDIA #public
3 months ago
Applied Materials (NASDAQ: AMAT) rose about 15% on Thursday, July 30, without releasing any news of its own. Shares closed that day at $501.77 and edged higher again on Friday, leaving them more than 30% short of their 52-week high of $739.67. And the company's next chance to justify the move arrives on Thursday, Aug. 13, when it reports fiscal third-quarter results.
The catalyst was a peer, not Applied itself. Lam Research, which sells chip-manufacturing equipment into many of the same factories, reported record June-quarter revenue, operating margin, and earnings per share on Wednesday, and it guided for about $8.1 billion in September-quarter revenue.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors marked up equipment stocks across the board on Thursday, and Applied Materials, already up more than 200% from its 52-week low of $154.47, moved with them.
Applied's own most recent update supports the optimism. In May, the company reported record fiscal second-quarter results: Revenue rose 11% year over year to $7.91 billion, and non-GAAP (adjusted) earnings per share grew 20% to $2.86. Management guided for fiscal third-quarter revenue of about $8.95 billion, plus or minus $500 million, which would be another record. Also worth noting, Applied raised its quarterly dividend 15% this year, to $0.53 per share, its ninth straight annual increase.
#applied
The catalyst was a peer, not Applied itself. Lam Research, which sells chip-manufacturing equipment into many of the same factories, reported record June-quarter revenue, operating margin, and earnings per share on Wednesday, and it guided for about $8.1 billion in September-quarter revenue.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors marked up equipment stocks across the board on Thursday, and Applied Materials, already up more than 200% from its 52-week low of $154.47, moved with them.
Applied's own most recent update supports the optimism. In May, the company reported record fiscal second-quarter results: Revenue rose 11% year over year to $7.91 billion, and non-GAAP (adjusted) earnings per share grew 20% to $2.86. Management guided for fiscal third-quarter revenue of about $8.95 billion, plus or minus $500 million, which would be another record. Also worth noting, Applied raised its quarterly dividend 15% this year, to $0.53 per share, its ninth straight annual increase.
#applied
3 months ago
Shares of Reformation Inc. opened flat on Thursday after making their public debut on the New York Stock Exchange (NYSE).
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How to make Google Maps and Apple Maps show you the actual fastest route, every time
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