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Research Alert: CFRA Reiterates Buy Opinion On Shares Of Formula One Group

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target price at $110 applying a forward TEV/EBITDA of 25.5x compared to the three-year historical average at 30.7x and the five-year historical average at 32.8x. We are reducing our 2026 EPS estimate by $0.15 to $1.55 and keep our 2027 estimate at $2.15, on respective revenue projections of $4.7B (from $48.5B) and $5.2B (unchanged). Our 2026 estimates take into account that Formula 1 canceled races in Bahrain and Saudi Arabia and moved the Qatar Grand Prix to November for MotoGP, subject to market conditions with the Iran-U.S. war. We like that the company announced the return of the Turkish Grand Prix starting in 2027 in a new multi-year agreement. We are positive on the opportunities to expand MotoGP's commercial reach for sponsorship over time. In our opinion, the Formula 1 global brand will endure wartime conditions in the Mideast, and we expect to see FWON.K benefit from its growing appeal in these parts of the world. Clearly, a risk to the downside is an extended Iran-U.S. war.

$FWON.K

Oil & Energy55d ago

Hormuz Disruption Erases Almost 13 Million b/d of Gulf Supply, Oxford Institute Says

The Strait of Hormuz disruption has removed nearly 13 million barrels per day of Gulf supply while tightening global fuel markets and increasing volatility, the Oxford Institute for Energy Studies said in a Friday note.According to the institute, the disruption quickly evolved from a shipping interruption into a broader production shock as crude and refined product flows through Hormuz nearly stopped."The SOH disruption is first and foremost a flow shock of unprecedent magnitude," the institute said, adding that the crisis exposed the strait's critical role for both crude and refined fuel exports.OIES said the outage has also become a refinery and products crisis, as Gulf Cooperation Council refinery runs dropped sharply, while Asian refiners reduced throughput due to crude shortages and higher feedstock costs.OIES said global oil market buffers remain limited because spare production capacity sits largely within the same disrupted Gulf region, while commercial inventories and strategic reserves continue drawing down rapidly.US export growth, sanctioned crude waivers and oil-on-water offered temporary relief, but they cannot replace missing Gulf crude and fuel supplies if disruptions persist.Despite strategic petroleum reserve releases, OECD crude inventories and US gasoline and distillate stocks have continued falling, while China remains relatively better protected through larger crude reserves and storage capacity despite weaker Middle East imports.The physical supply disruption has also spread into financial markets, where oil price volatility reached record levels and liquidity conditions weakened sharply across major futures contracts, especially Gulf benchmarks.Despite limited direct exposure to Hormuz crude flows and rising exports to Asia, the US still faces higher gasoline and diesel prices from global oil market pressures, while shale output growth remains muted.Higher prices, fuel rationing and supply shortages are already pressuring oil demand, while inventory rebuilding after flows resume could later support consumption, OIES said.A quicker recovery, weaker economic activity or deeper demand losses could pressure oil prices lower, while supply disruptions, infrastructure damage and geopolitical risks may keep volatility and prices elevated, OIES said.Depleted inventories, tighter supply conditions and a more fragmented geopolitical environment could weaken the oil market's long-term resilience while keeping upside price risks elevated for longer.

Oil & Energy55d ago

US Oil Update: Crude Steadies as US-Iran Clashes, UAE Strikes Jolt Ceasefire Hopes

Crude futures were little changed in after-hours trading on Friday as a series of military exchanges between the US and Iran and Iranian missile attacks on the UAE threatened to collapse a fragile month-long ceasefire and reignited concerns over global supply security.Front-month West Texas Intermediate crude futures were down 0.14% to $94.68 per barrel, while Brent futures were up 0.28% to $100.34/bbl.A US intelligence analysis reportedly concluded that Iran could withstand a naval blockade for months, suggesting that Tehran would not face severe economic pressure from a blockade of Iranian ports for about another four months.The US expects an Iranian response to its latest proposal to end the conflict by the end of the day on Friday.President Trump reportedly insisted the ceasefire with Iran remained in effect despite the clashes in the Hormuz, calling the exchange of fire "just a love tap." US Secretary of State Marco Rubio also told reporters in Rome that Washington is expecting "something today.""We still believe that, given a live-fire exchange in the world's most important oil choke point, the current price action is surprisingly muted," Ole R. Hvalbye, commodities analyst at SEB Research, said in a note Friday.The US and Iranian naval forces exchanged fire in the Strait of Hormuz on Thursday, with each side claiming the other initiated the attack.Iran has largely blocked non-Iranian shipping via the Hormuz since the outbreak of the Middle East conflict on Feb. 28. The US imposed a blockade on Iranian vessels last month.On Friday, US naval forces fired on and disabled two Iranian oil tankers, M/T Sea Star III and M/T Sevda, that violated Washington's blockade of Iranian ports."US Central Command enforced blockade measures against two Iranian-flagged unladen oil tankers attempting to pull into an Iranian port on the Gulf of Oman," CENTCOM said in a statement on X.Iranian authorities, meanwhile, said the Iranian Navy had seized an oil tanker, Ocean Koi, in the Gulf of Oman over what Tehran described as maritime violations and attempts to disrupt Iranian oil exports."The tanker had sought to exploit the ongoing situation in the region in a bid to damage and disrupt the export of oil and the interests of the Iranian nation," according to an Iranian Navy statement carried by local media.The developments have cast more doubt on a fragile US-Iran ceasefire that President Trump insisted is still in effect, as Washington awaits the Iranian response to its latest proposal for a deal to end the conflict."The Strait of Hormuz remains effectively closed, with renewed clashes between US and Iranian forces lowering the prospect of a near-term reopening," Saxo Bank strategists said, adding that the International Energy Agency estimates regional supply losses at about 14 million barrels per day.Speaking at a policy conference in Toronto, Canada, Fatih Birol, the IEA's executive director, said on Thursday that the agency was prepared to take further action after members agreed in March to release 400 million barrels of crude.

Research55d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Mckesson Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target to $860 from $1,080, 19.4x our FY 27 EPS estimate (up $0.11 to $44.24; FY 28 estimate begins at $50.19), a above peers and MCK's three-year forward average of 18.6x, supported by a stronger margin profile and faster near-term EPS and dividend growth expectations within a favorable environment for pharma distributors, in our view. Looking ahead to FY 27, we expect broad-based growth across core pharma distribution, oncology and multispecialty, and Rx Technology, with more modest growth in Medical-Surgical, supporting overall sales growth near 7%, following 12% growth in FY 26. We attribute the sales growth slowdown to difficult comparisons as well as lower branded drug pricing as certain Inflation Reduction Act provisions take effect. Oncology and multispecialty should produce the strongest profitability growth during FY 27, in our view, followed by the Rx Technology business and core pharma distribution, driving overall adjusted EBIT growth near 9%.

$MCK

Insider Trading55d ago

Shoals Technologies Group Insider Sold Shares Worth $461,728, According to a Recent SEC Filing

Dominic Bardos, Chief Financial Officer, on May 08, 2026, sold 54,449 shares in Shoals Technologies Group (SHLS) for $461,728. Following the Form 4 filing with the SEC, Bardos has control over a total of 394,979 Class A common shares of the company, with 394,979 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1831651/000183165126000085/xslF345X05/wk-form4_1778276020.xml

$SHLS

Commodities55d ago

Hawaiian Electric Q1 Power Sales Edge Higher, Expands Grid Investment Plans

Hawaiian Electric Industries (HE) reported Q1 earnings on Friday, showing total electricity sales of 1,972 GWh, compared with 1,965 GWh a year earlier.The company reported Hawaiian Electric sales rose to 1,457 GWh for the quarter ended Mar. 31, up from 1,453 GWh a year earlier.Electricity sales for Hawaii Electric Light were 258 GWh for the quarter, compared with 255 GWh a year earlier.Maui Electric maintained quarterly electricity sales at 257 GWh in Q1, unchanged from a year earlier, according to Hawaiian Electric.Hawaiian Electric secured approval for the Waiau Repower project with a revised estimated cost of about $1.16 billion, compared with the original $847 million estimate submitted earlier in the process.Hawaiian Electric forecast total capital expenditures of $625 million to $750 million in 2026, compared with $368 million in 2025, as the utility expands wildfire safety and grid modernization programs.

$HE

Commodities55d ago

US Natural Gas Update: Prices Soften on Slower LNG Exports

US natural gas futures prices extended losses in after-hours trade on Friday amid slower feedgas flows to LNG terminals, after earlier gains following US government data showing a smaller-than-expected inventory build.Both the front-month Henry Hub futures contract and the continuous contract edged down by 0.69% to $2.75 per million British thermal units.Prices dipped as less natural gas was used in the export system, leaving more floating around in the domestic US.Feedgas flows to LNG export terminals slowed by 4.6% from last week to 17.7 billion cubic feet on Friday, Barchart said, citing BNEF data. LNG feedgas had recently reached peak levels of about 20 Bdf per day but declined due to ongoing maintenance and operational constraints at several terminals, including Corpus Christi, Cameron, and Calcasieu Pass.Some of the deficit was offset by increased flows to the Golden Pass facility as it continues to ramp up and has recently reached record output levels during commissioning, Gelber & Associates said.A total of 30 vessels left the US carrying 115 Bcf in the week ended May 6, down five vessels and 18 Bcf from the previous week, the US Energy Information Administration said.On Thursday, prices rose after the EIA said net injections into storage totaled 63 Bcf for the week ending May 1, below analyst expectations of 72 to 80 Bcf. The build was also significantly smaller than the five-year average of 77 Bcf and last year's net injection of 104 Bcf during the same week.Thursday's total put stocks at 2,205 Bcf, 139 Bcf, or 7% above the five-year average and 75 Bcf, or 4% more than last year at this time.Production was pegged at 110.6 Bcf/d, up nearly 4% from year-ago levels and demand was 0.8% stronger than it was a year ago at 67.5 Bcf/d.

Research55d ago

Research Alert: CFRA Maintains Strong Buy Rating On Shares Of Datadog Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price from $161 to $231 on an EV/S of 16x our 2027 sales projection of $5.216B, above DDOG's three-year average. We increase our 2026 EPS forecast from $2.28 to $2.42 and trim our 2027 EPS estimate to $2.80 from $2.81. DDOG reported strong Q1 2026 results with revenue of $1.01B (up 32% Y/Y), accelerating from 29% in Q4 2025, with sequential revenue growth of 6% marking the strongest Q1 performance since 2022. DDOG is seeing broad-based demand beyond its AI-native installed base as customers increasingly consolidate solutions on its unified platform for greater cost efficiency and more effective results. Management also highlighted a growing opportunity to serve AI training workloads as they become more prevalent. Non-GAAP gross margin was 80.2%, and operating margin was 22%, flat Y/Y but down from 24% in Q4 2025, as the company ramps investments to pursue long-term growth opportunities.

$DDOG

Insider Trading55d ago

Life Time Group Holdings Insider Sold Shares Worth $1,204,050, According to a Recent SEC Filing

Ritadhwaja Jebens Singh, Executive Vice President and Chief Digital Officer, on May 06, 2026, sold 40,202 shares in Life Time Group Holdings (LTH) for $1,204,050. Following the Form 4 filing with the SEC, Singh has control over a total of 138,351 common shares of the company, with 138,351 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1869198/000188499626000016/xslF345X05/form4-05082026_090515.xml

$LTH

US Markets55d ago

Nasdaq, S&P 500 Hit New Highs, Log Sixth Consecutive Weekly Gains

The Nasdaq Composite and the S&P 500 reached new peaks on Friday, boosting their weekly gains, following a stronger-than-expected jobs report.The Nasdaq climbed 1.7% to 26,247.1, while the S&P 500 added 0.8% to 7,398.9. The Dow Jones Industrial Average ended just above the flatline at 49,606.5.Among sectors, technology paced the gainers with a 2.7% jump, while utilities and healthcare saw the steepest drop.Micron Technology (MU) jumped 15% and Intel (INTC) soared nearly 14%, among the top gainers on the S&P 500. Apple (AAPL) gained 2.1% and Nvidia (NVDA) rose 1.8%, two of the five best performers on the Dow.This week, the Nasdaq logged a weekly gain of 4.5%, while the S&P 500 rose 2.3%. Both indexes marked their sixth consecutive weekly advance, which CNBC said is the longest win streak since 2024. The Dow posted a weekly gain of 0.2%.Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, well above the 65,000 increase expected in a Bloomberg-compiled survey."Earlier signs hinted that the job market had actually been gathering strength in recent weeks, and the April nonfarm payroll report pounded home that reality with full force," Douglas Porter, chief economist at BMO Financial Group, said in a report.The unemployment rate was unchanged at 4.3% in April, in line with Wall Street's estimates.For the Federal Reserve, the hiring momentum further shifts the focus to inflation, keeping it on the sidelines for now, "and raising the possibility of future rate hikes," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to.Brent advanced 0.6% to $100.68 per barrel in Friday late-afternoon trade, while West Texas Intermediate crude was little changed at $94.84. Both benchmarks were on track for weekly declines following two consecutive weekly advances.The US Central Command said Friday it fired on two Iranian-flagged empty oil tankers trying to bypass an ongoing blockade in the Strait of Hormuz. Washington expects Iran to respond to its peace proposal Friday, CNN reported, citing US Secretary of State Marco Rubio.The US and Iran traded fire Thursday in the narrow waterway, though a fragile ceasefire between the two appeared to still be holding.The United Arab Emirates intercepted two ballistic missiles and engaged three drones fires by Iran, the UAE's Ministry of Defense said on Friday.The oil market was "relatively calm" despite the flare-up of tensions between the US and Iran, Macquarie said in a report."We suspect that the market's calm reflects the unwillingness of the US to broaden the conflict beyond what's needed to protect US navy ships that are trying to secure safe passage through the strait for third-party commercial vessels," Macquarie said.US Treasury yields were lower, with the 10-year rate down 2.6 basis points at 4.37% and the two-year rate easing 1.2 basis points to 3.90%.US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to fresh lows, a survey by the University of Michigan showed.In company news, Akamai Technologies (AKAM) shares surged nearly 27%, the best performer on the S&P 500. The company late Thursday disclosed a new $1.8 billion cloud infrastructure services contract with an unnamed company. The seven-year contract should help accelerate revenue growth, UBS Securities said, even though the brokerage is skeptical about the deal's impact on margins and profitability.Fluor (FLR) reported weaker-than-expected first-quarter results, while the engineering and construction company lowered the top end of its full-year earnings outlook. The company's shares tumbled 15%.Gold was up 0.5% at $4,732.90 per troy ounce, while silver gained 1.2% to $81.15 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AKAM$FLR$INTC$MU$NVDA

Insider Trading55d ago

Kilroy Realty Insider Sold Shares Worth $688,187, According to a Recent SEC Filing

Heidi Rena Roth, Executive Vice President, Chief Administrative Officer, on May 07, 2026, sold 19,541 shares in Kilroy Realty (KRC) for $688,187. Following the Form 4 filing with the SEC, Roth has control over a total of 83,173 common shares of the company, with 83,173 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1025996/000162828026033011/xslF345X05/wk-form4_1778274575.xml

$KRC

Research55d ago

Research Alert: Enb: Modest Earnings Beat In Q1

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ENB posted Q1 adjusted EPS of CAD0.98, beating consensus by CAD0.04, while adjusted EBITDA of CAD5.8B was flat Y/Y and operating cash flow declined 23% to CAD2.3B. Distributable cash flow of CAD3.9B rose 2% Y/Y, demonstrating resilient cash generation despite operational headwinds. The company's diversified portfolio showed mixed segment performance, with Gas Transmission and Gas Distribution & Storage segments posting EBITDA growth of CAD79M and CAD109M, respectively, offsetting Liquids Pipelines segment decline of CAD318M due to higher Mainline earnings sharing and lower Line 9 tolls. Management reaffirmed CY 2026 guidance for adjusted EBITDA of CAD20.2B-CAD20.8B and DCF per share of CAD5.70-CAD6.10, with 5% annual growth expected beyond 2026. Project backlog expanded to CAD40B, up CAD1B, supporting growth capex of CAD10B-CAD11B annually, while recent project sanctions include the Tres Palacios expansion and Vector Pipeline expansion.

$ENB

Research55d ago

Research Alert: Enb: Modest Earnings Beat In Q1

$ENB

Research55d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Wec Energy Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $2 to $124, based on 21.8x our next-12-month EPS estimate of $5.67, near multi-utilities peers and above WEC's three-year (20.1x) and five-year (21.2x) forward averages. We lift our 2026 EPS view by $0.01 to $5.60 and trim 2027 EPS by $0.02 to $6.00. WEC posted solid Q1 results, with adjusted EPS up 7.9% Y/Y, beating consensus by 6.5%, while revenue grew 9.0% to $3.43B (+0.5% vs. consensus) due to higher rates and modest volume growth. 2026 guidance was reaffirmed and long-term guidance remained unchanged. WEC anticipates electric sales growth to accelerate around 2027, with support from new data centers, manufacturing facilities, and other large load customers. On a compound annual basis from 2025 to 2028, we anticipate EPS and dividend growth at roughly 7.3% and 6.8% CAGRs, respectively, both highly competitive with peers. We remain at Hold, as we think WEC's valuation incorporates its competitive near-term EPS and dividend growth potential, leaving less near-term upside.

$WEC

Mining & Metals55d ago

Premier Health Announcing Termination of Forbearance Agreements With Principal Lenders and Continuance of Its Strategic Review Process

$PHA.V

Mining & Metals55d ago

Magellan Aerospace Announcing Quarterly Dividend of $0.05, Unchanged From Prior Quarter

$MAL.TO

Mining & Metals55d ago

Advantage Energy Announcing Renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan

$AAV.TO

Mining & Metals55d ago

Taiga Building Products Q1 Net EPS $0.08 Vs $0.09 a Year Earlier As Revs Drop To $349.194M From $399.937M

$TBL.TO

Research55d ago

Research Alert: CFRA Raises Opinion On Shares Of Arrow Electronics Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target to $210 from $132, implying a 2027 P/E of 11.0x, a justified premium to the stock's five-year average forward P/E multiple of 9.0x. We increase our adjusted EPS estimates to $17.55 from $13.48 for 2026 and to $19.10 from $14.64 for 2027. ARW posted Q1 adjusted EPS of $5.22 vs. $1.80 (+190%), well ahead of the $2.85 consensus. ARW's sales increased 39% Y/Y to $9.47B ($1.17B ahead of consensus) and operating margin expanded 150 bps to 3.8%. ARW's Q2 revenue and adjusted EPS guidance of $9.15B-$9.75B and $4.32-$4.52, respectively, was well ahead of the consensus forecasts of $8.84B and $3.64, respectively. While valuation and slowing growth remain concerns, the magnitude of upward estimates revisions and the company's overall positive momentum make it difficult to continue to justify a Sell rating. Both segments are firing on all cylinders after posting 39% revenue growth in Q1 with Global Components at ~70% of total revenue and Enterprise Computing Solutions at ~30%.

$ARW

Commodities55d ago

Money Managers Uphold Bullish Stance in Biofuels Futures, Options Markets, CFTC Says

Money managers stay bullish or net long in the biofuel futures and options markets, according to the Commodities Futures Trading Commission's weekly Commitments of Traders Report.The weekly COT Report, as of the week ending May 5, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 61,602 contracts.The COT report showed that money managers are net long by 467 contracts in the D6 RINS Current Year futures and options markets.In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 3,620.For ethanol, money managers are net long by 6,928 contracts in the futures and options markets.Money managers are net long soybean oil futures and options by 169,142 contracts, after adding 4,000 long positions from a week ago.

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US Markets55d ago

Nasdaq, S&P 500 Hit New Highs, Log Sixth Consecutive Weekly Gains

Dow JonesNasdaq CompositeS&P 500$AAPL$AKAM$FLR$INTC$MU$NVDA