-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。DINOは第1四半期に優れた業績を達成し、調整後EPSは0.69ドルとなり、市場予想の0.27ドルの損失を0.74ドル上回りました。調整後EBITDAは2億100万ドルから4億2,600万ドルへと倍増しました。精製事業は、前年同期の3,000万ドルの損失から5億1,400万ドルの営業利益へと回復を牽引しました。ただし、地域によって業績は異なり、西部地域ではマージンが1バレルあたり14.61ドルに拡大した一方、中部地域では3.58ドルに縮小しました。この好調な業績は、精製事業のファンダメンタルズの改善と再生可能エネルギー分野における規制面での追い風を反映していると考えられます。再生可能エネルギー事業は、販売量の増加、マージンの改善、および前年度の生産者税額控除による4,900万ドルの恩恵を受け、1億8,200万ドルの営業利益を計上し、黒字転換を果たしました。営業活動によるキャッシュ創出は4億5,700万ドルと堅調に推移し、株主還元額1億6,700万ドルを十分に上回りました。また、現金残高が11億5,000万ドルに増加し、バランスシートも強化されました。再生可能ディーゼル燃料の需要動向の好調さと、小規模製油所向けのRIN（再生可能燃料識別番号）免除措置による恩恵が今後も継続すると見込んでいます。
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Apple's iPhone Supercycle, Strong Outlook Drive Momentum, Wedbush Says
Apple's (AAPL) iPhone 17 "supercycle" continues to gain momentum across nearly every major geography, supported by stronger-than-expected results and robust guidance for the June quarter, Wedbush Securities said in a Friday research note.The company reported strong quarterly results, with revenue, iPhone sales and services all exceeding expectations, the firm said.The company's guidance for the June quarter exceeded Street expectations. It bakes in continued supply constraints across several Mac models. Supply and demand balance is expected to take several months to materialize, according to the note.Analysts said the Worldwide Developers Conference at Apple Park in early June is highly consequential. Updates are expected on personalized Siri and expanded Apple Intelligence capabilities. Additional details on the collaboration with Alphabet's (GOOG) Google Gemini are also expected, they said.The firm also highlighted a leadership transition, with John Ternus expected to take on a larger role, signaling continuity in strategy.Wedbush raised its 2026 earnings estimate for Apple to $8.64 a share from $8.50. Analysts polled by FactSet expect $8.66.The firm reiterated its outperform rating on the stock with a $350 price target.Price: $283.99, Change: $+12.64, Percent Change: +4.66%
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Mining & Metals
Stifel Canada Reviews Gildan Activewear's Q1 Results
Gildan Activewear (GIL.TO, GIL) reported a first-quarter earnings beat, notes Stifel Canada.Analyst Martin Landry, who is maintaining an US$80.00 price target and buy rating on the shares, notes management was confident during the earnings call, despite rising commodity costs, as a significant portion of the company's cotton and energy requirements has been hedged. In 2027, Gildan expects to be able to offset inflationary pressures with price increases given its leadership position in the wholesale channel and its lower cost structure than competitors, he adds.Point-of-sale data indicate that Gildan is continuing to gain market share, with growth rates outpacing the broader market in both retail and wholesale channels. The integration of Hanes' textile facilities also appears to be progressing well, as most of Hanes' volumes have already been transferred to Gildan's facilities."We make no changes to our forecasts, but our visibility has increased for 2026. We keep our target price at US$80, which represent an appealing 12-months upside of 29%." Gildan is also on Stifel's Select List.Price: $84.77, Change: $+0.47, Percent Change: +0.56%
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Oil & Energy
US Sanctions Iran's Shadow Banking Network for Aiding Oil Trade
The US rolled out sanctions on three Iranian currency exchange houses and a network of associated front companies, accusing them of moving billions of dollars in foreign exchange to support Tehran's oil industry, the Department of the Treasury said on Friday.The Treasury Department's Office of Foreign Assets Control said the sanctions form part of "Economic Fury," a broader campaign aimed at dismantling Iran's shadow banking system.The sanctioned firms, Pedram Pirouzan and Associates Partnership, also known as Opal Exchange; Nasser Ghasemi Rad and Associates Partnership, or Radin Exchange and Tahayyori and Associates Partnership, also known as Arz Iran Exchange, are accused of facilitating billions of dollars in transactions per year.The Treasury said the entities help convert oil revenues, often received in Chinese yuan, into currencies usable by Iran's military and affiliated groups.The exchange houses operate alongside so-called "rahbar" networks tied to sanctioned Iranian banks, and work with multiple oil exporters and financial intermediaries, the Treasury said.The firms allegedly rely on foreign-based front companies and commercial bank accounts to process transactions across jurisdictions, masking links to sanctioned entities, including the Central Bank of Iran and the National Iranian Oil Company.The individuals linked to the exchanges, including Pedram Pirouzan, Hossein Mohammad Rezaei, Masoud Mohammad Rezaei, Nasser Ghasemi Rad and Ehsan Tahayyori, were also hit with sanctions.OFAC also sanctioned over a dozen companies, it said, that provided material support to Opal Exchange, including trading firms incorporated in multiple jurisdictions and entities in the UAE.The Treasury said Iran's shadow banking system handles tens of billions of dollars in trade each year, largely tied to oil and petrochemical exports.Since February 2025, OFAC has sanctioned over 1,000 Iran-linked individuals, vessels and aircraft as part of that effort.