14 hours ago
Saia reported a pickup in year-over-year tonnage growth in its May update issued Tuesday, though the improvement was measured against a softer prior-year result.
The Johns Creek, Georgia-based less-than-truckload carrier reported May tonnage growth of 8.4% y/y as shipments grew 3.7% and weight per shipment increased 4.5%. That compared to final results for April, showing a 6.9% tonnage increase as shipments and weight per shipment were up 5.6% and 1.3%, respectively. (April was up against a prior-year comp that was 480 basis points higher than May’s.)
Two-year-stacked comps show Saia’s (NASDAQ: SAIA) tonnage growth has slowed from a recent high of 15% in March to 8% in May. However, Saia’s prior-year comps range from mostly negative to slightly positive for the rest of the year.
Higher shipment weights are a sign of an improving LTL market, typically driving revenue per shipment and margins higher. Saia’s weight per shipment averaged 8% on a two-year-stacked comp in both April and May.
Manufacturing data released Monday showed industrial activity was positive for a fifth consecutive month in May. The Purchasing Managers’ Index registered a 54 reading for the month, which was 130 bps higher than April. (A reading above 50 signals expansion while one below 50 indicates contraction.) The May reading was the highest for the dataset in four years.
The Johns Creek, Georgia-based less-than-truckload carrier reported May tonnage growth of 8.4% y/y as shipments grew 3.7% and weight per shipment increased 4.5%. That compared to final results for April, showing a 6.9% tonnage increase as shipments and weight per shipment were up 5.6% and 1.3%, respectively. (April was up against a prior-year comp that was 480 basis points higher than May’s.)
Two-year-stacked comps show Saia’s (NASDAQ: SAIA) tonnage growth has slowed from a recent high of 15% in March to 8% in May. However, Saia’s prior-year comps range from mostly negative to slightly positive for the rest of the year.
Higher shipment weights are a sign of an improving LTL market, typically driving revenue per shipment and margins higher. Saia’s weight per shipment averaged 8% on a two-year-stacked comp in both April and May.
Manufacturing data released Monday showed industrial activity was positive for a fifth consecutive month in May. The Purchasing Managers’ Index registered a 54 reading for the month, which was 130 bps higher than April. (A reading above 50 signals expansion while one below 50 indicates contraction.) The May reading was the highest for the dataset in four years.
18 hours ago
The Toronto-Dominion Bank (NYSE:TD) is one of the best inexpensive stocks to invest in right now. On May 29, CIBC lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$164 from C$151 while maintaining a Neutral rating on the shares. The company also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$140 from C$135 and reiterating an Underweight rating on the shares.
The rating updates came after the bank reported financial results for fiscal Q2 2026, which ended April 30, 2026, in which it announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025. Reported net income for the quarter was $4,251 million, compared with $11,129 million, with the adjusted net income reaching $4,168 million, compared with $3,626 million in the prior year period.
The Toronto-Dominion Bank (NYSE:TD) provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.
While we acknowledge the potential of TD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
The rating updates came after the bank reported financial results for fiscal Q2 2026, which ended April 30, 2026, in which it announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025. Reported net income for the quarter was $4,251 million, compared with $11,129 million, with the adjusted net income reaching $4,168 million, compared with $3,626 million in the prior year period.
The Toronto-Dominion Bank (NYSE:TD) provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.
While we acknowledge the potential of TD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
1 day ago
June 2 (Reuters) - Marvell Technology's shares surged more than 25% on Tuesday after Nvidia's CEO Jensen Huang called the chipmaker the next "trillion-dollar company."
Huang and Marvell CEO Matt Murphy were speaking at the Computex week in Taipei on Tuesday.
Marvell's shares were last up 22.5% at a record high, giving the company a market capitalization of $234 billion, far below the one-trillion mark that Huang touted.
Nvidia invested $2 billion in Marvell earlier this year, as part of its efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors.
Marvell last week forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers.
Huang and Marvell CEO Matt Murphy were speaking at the Computex week in Taipei on Tuesday.
Marvell's shares were last up 22.5% at a record high, giving the company a market capitalization of $234 billion, far below the one-trillion mark that Huang touted.
Nvidia invested $2 billion in Marvell earlier this year, as part of its efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia's networking gear and central processors.
Marvell last week forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers.
2 days ago
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Our team evaluated today's money market accounts offered by federally insured banks and credit unions and narrowed down the top 10 best options available. We evaluated these accounts based on APY, minimum balance requirements, fees, and more. (See our full methodology here.)
Looking for the security and interest-earning power of a savings account with the perks of a checking account? A money market account (MMA) may be the right choice for you.
In many cases, MMAs come with a debit card and/or checks, making it easy to access your funds when needed. Plus, your balance earns interest. In fact, the best money market accounts today pay as much as 10 times the national average rate.
If you’re looking to open a money market account, it’s important to choose the right one for your needs — so consider more than just the interest rate.
Our team evaluated today's money market accounts offered by federally insured banks and credit unions and narrowed down the top 10 best options available. We evaluated these accounts based on APY, minimum balance requirements, fees, and more. (See our full methodology here.)
