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Research Alert: CFRA Reduces Opinion On Shares Of Ebay Inc. To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $3 to $90, reflecting about 15x our 2026 EPS estimate and a modest premium to the company's long-term average forward P/E of 14x. Our downgrade reflects expectations of decelerating growth as the year progresses, driven by increasingly difficult year-over-year comparisons as eBay laps several transitory tailwinds - including elevated bullion and precious metals trading volumes and a surge in Pokemon and collectibles activity. We also expect international segment growth to remain subdued, with the ongoing conflict in the Middle East weighing on the macroeconomic backdrop across Europe. While the pending acquisition of Depop could represent upside to consensus estimates, we are concerned that EBAY overpaid for the asset and that meaningful earnings accretion may be years away. EBAY will report Q1 2026 results after the market close on April 29.

$EBAY

Treasury55d ago

Scotiabank Looks at Canada's New Sovereign Wealth Fund In a Country That Is "Not a Saving Nation"

Canada's federal government of Prime Minister Mark Carney announced Monday plans to introduce a sovereign wealth fund (SWF) called the Canada Strong Fund, and it will share important details around it as part of its Spring economic and fiscal update after close today, notes Scotiabank.In noting additional details will follow over the coming months, Scotia says "it would have been helpful to have all the details on announcement, but the process appeared to be hurried."Something to note is that the fund is "small change" at $25 billion to be achieved over three years, which "gets lost" when you consider we are talking about a $3.3 trillion economy in nominal gross domestic product terms that has about $75 trillion of assets as at Q4 2025 -- of which non-financial $17.5 trillion and financial assets $57 trillion, Scotia said. "Small means the announcement is attracting over-hyped attention both in terms of broad pros and cons," it added.That said, while it will be small for many years to come, it won't necessarily be small in relation to its role as a potential competitor to specific financial industry products offered by particular types of financial institutions, Scotia noted.Something else to note is that it is debt-financed, said Scotia. "That's an oddity in the world of sovereign wealth funds where SWFs are more commonly financed by surplus savings."Also note, Canada starts with a clean slate in seeking comparisons to other SWFs around the world because there is no comparison. SWFs in saving nations like Norway, the UAE, Singapore, China, etc., are bad comparisons because Canada doesn't save. "So," Scotia said, "the Canada Strong Fund is an interesting opportunity to do something uniquely Canadian compared to the rest. Hopefully unique turns out to be a good thing."But, Scotia said, the point about it being a debt-financed SWF in a country that is not a saving nation with persistent current account deficits reliant upon capital inflows is "key". It added: "That's because it means the modest size of the Canada Strong Fund will be put directly into competition within the existing savings marketplace. Some will win, some will lose. The winners will be the asset management community, which is why they're fist-pumping. The losers may be more traditional financial institutions."

$CXY

Wire55d ago

Super Micro Computer Expands Portfolio With Arm-Based Platforms

Super Micro Computer (SMCI) said Tuesday it has expanded its data center infrastructure portfolio with Arm-based (ARM) server platforms powered by the new Arm AGI CPU, as well as Open Compute Project ORv3-compliant rack offerings.The company's Data Center Building Block Solutions segment employs a modular framework for deploying scalable AI data centers, according to a statement.Price: $26.94, Change: $-0.93, Percent Change: -3.35%

$ARM$SMCI

Wire55d ago

Gilead Sciences Finalizes $7.8 Billion Acquisition of Arcellx

Gilead Sciences (GILD) said Tuesday it completed the acquisition of Arcellx in a deal worth $7.8 billion, which paid target investors $115 in cash along with a $5 contingent value right for each share owned.The contingent payout requires an experimental multiple myeloma therapy to generate at least $6 billion in worldwide net sales through 2029, the company said.The acquisition grants full ownership of the treatment to eliminate future royalty and milestone obligations, Gilead Sciences said.The resulting accounting impact is projected to lower 2026 diluted earnings by approximately $5.57 to $5.67 per share, the company added.Price: $128.82, Change: $+1.07, Percent Change: +0.84%

$GILD

Wire55d ago

BofA Securities Lifts Cadence Design Systems Price Target to $400 From $375, Maintains Buy Rating

Cadence Design Systems (CDNS) has an average rating of buy and mean price target of $380.90, according to analysts polled by FactSet.Price: $326.24, Change: $-10.45, Percent Change: -3.10%

$CDNS

Wire55d ago

BofA Securities Adjusts Nucor Price Target to $250 From $190, Maintains Buy Rating

Nucor (NUE) has an average rating of overweight and mean price target of $207.42, according to analysts polled by FactSet.Price: $217.12, Change: $+2.12, Percent Change: +0.99%

$NUE

Research55d ago

BofA Securities Upgrades TFI International to Buy From Neutral, Lifts Price Target to $161 From $122

TFI International (TFII) has an average rating of overweight and mean price target of $145.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $146.59, Change: $+8.26, Percent Change: +5.97%

$TFII

Wire55d ago

Morgan Stanley Adjusts Price Target on Hewlett Packard Enterprise to $25 From $23, Maintains Equalweight Rating

Hewlett Packard Enterprise Co (HPE) has an average rating of overweight and mean price target of $26.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $27.72, Change: $-0.91, Percent Change: -3.16%

$HPE

Wire55d ago

Morgan Stanley Trims Price Target on Dominion Energy to $68 From $69, Maintains Equalweight Rating

Dominion Energy (D) has an average rating of hold and mean price target of $66.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $62.95, Change: $+0.45, Percent Change: +0.72%

Wire55d ago

Morgan Stanley Adjusts eBay Price Target to $117 From $119, Maintains Overweight Rating

eBay (EBAY) has an average rating of Hold and mean price target of $102.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $100.92, Change: $+0.63, Percent Change: +0.62%

$EBAY

Oil & Energy55d ago

US Oil Update: Oil Futures Climb as UAE Quits OPEC

Global oil benchmarks surged on Tuesday as the UAE announced its historic withdrawal from OPEC, fracturing the alliance as a dual blockade in the Strait of Hormuz pushed transit levels to near zero.Front-month West Texas Intermediate crude futures gained 3.9% to $100.18 per barrel, while Brent futures were up 2.9% to $111.35/bbl.In a heavy blow to the global oil cartel, the UAE withdrew from the group on Tuesday. The UAE's exit, effective May 1, marks a major strategic break from Saudi Arabia."In the medium term, the market should be able to absorb additional UAE barrels given depleted global inventories and the need to rebuild reserves," Saxo Bank analysts said."Over time, however, the departure raises a broader strategic question: if other producers begin prioritizing market share over quota discipline, OPEC's ability to manage orderly markets through coordinated supply adjustments may increasingly be called into question," they added.State media confirmed the decision followed an internal review of domestic production and future capacity."The UAE's decision to exit from OPEC reflects a policy-driven evolution aligned with long-term market fundamentals," posted Suhail Mohamed Al Mazrouei, the UAE's Minister of Energy, on social media.Meanwhile, market tension remains high as the US and Iran continue a military standoff that has effectively shuttered the Strait of Hormuz.Despite reports that the Trump administration is reviewing a new Iranian counterproposal to lift the blockade, no progress toward reopening the waterway has materialized.Analysts say that the persistent supply squeeze is now spilling over into refined products, with diesel and jet fuel prices hurtling toward $200/bbl, fueling global frustration over the war's mounting economic toll.

Wire55d ago

Morgan Stanley Adjusts Halliburton Price Target to $42 From $40, Maintains Overweight Rating

Halliburton (HAL) has an average rating of overweight and mean price target of $42.33, according to analysts polled by FactSet.Price: $40.18, Change: $+0.04, Percent Change: +0.11%

$HAL

Wire55d ago

Morgan Stanley Adjusts LyondellBasell Industries Price Target to $77 From $52, Maintains Overweight Rating

LyondellBasell Industries (LYB) has an average rating of hold and mean price target of $75.56, according to analysts polled by FactSet.Price: $71.41, Change: $+0.39, Percent Change: +0.54%

$LYB

Wire55d ago

Morgan Stanley Trims Truist Financial Price Target to $62 From $63, Maintains Overweight Rating

Truist Financial (TFC) has an average rating of overweight and mean price target of $55.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $51.39, Change: $+0.16, Percent Change: +0.30%

$TFC

Wire55d ago

Roku Adds NBCUniversal's Peacock to Premium Subscriptions

Roku (ROKU) said Tuesday that NBCUniversal's Peacock Premium Plus service is now available through its Premium Subscription offerings in the US.Roku customers can now directly subscribe to Peacock Premium Plus via their Roku account and access content from NBCUniversal via The Roku Channel, the company said.Roku customers can get Peacock Premium Plus on the channel in the US for $16.99 per month or $169.99 a year, according to the company.Price: $111.88, Change: $-2.50, Percent Change: -2.19%

$ROKU

Wire55d ago

Gitlab Deepens Anthropic Integration to Add Claude Models

Gitlab (GTLB) said Tuesday it has deepened its integration with Amazon (AMZN)-backed Anthropic's Claude models, enabling customers to access the latest capabilities within its existing governance, compliance and audit framework.The integration includes the newly released Claude 4.7 Opus via Alphabet's (GOOG, GOOGL) Google Cloud and Amazon Web Services' Bedrock. This setup allows organizations to route artificial intelligence workloads through their existing hyperscaler contracts and meet specific data residency requirements, Gitlab said.GitLab also said it has joined the Claude Marketplace, enabling customers to purchase GitLab credits using their existing Anthropic spending commitments.Price: $22.62, Change: $+1.17, Percent Change: +5.45%

$AMZN$GOOG$GOOGL$GTLB

Oil & Energy55d ago

Europe, Asia Gas Prices Surge on Supply Shock While US Prices Slide, EIA Says

Global natural gas prices have diverged sharply since the Feb. 28 closure of the Strait of Hormuz, with European and Asian benchmarks rising while US prices decline, the US Energy Information Administration said Tuesday.European LNG futures at the Title Transfer Facility averaged $14.80 per million British thermal units for the week ending Apr. 24, up 35% from pre-closure levels, according to Bloomberg, EIA said.In East Asia, front-month Japan-Korea Marker prices rose 51% to $16.02/MMBtu. In contrast, US Henry Hub prices have fallen 9% since Feb. 28, reflecting limited export growth and ample domestic supply.The disruption has affected more than 10 billion cubic feet per day of LNG supply, about 20% globally, primarily from Qatar's Ras Laffan facility. No LNG vessels transited the strait between March 1 and April 24, EIA said, citing Kpler data.US export gains are expected to offset only a small portion of the lost supply. Since February, the Department of Energy has approved 0.6 Bcf/d in additional export capacity to non-free trade agreement countries, including 0.5 Bcf/d at Plaquemines LNG and 0.1 Bcf/d at Elba Island. Another 2.4 Bcf/d of capacity is expected online by the end of 2026 from Golden Pass and Corpus Christi Stage 3.However, US terminals are already running near capacity. LNG exports averaged 17.9 Bcf/d in March, the second-highest on record after 18.4 Bcf/d in December 2025, with utilization at 94%, up from 17.3 Bcf/d and 91% in February.Supply pressures intensified after QatarEnergy declared force majeure on March 4, forcing Asian buyers, who import over 80% of Qatari gas, to seek spot cargoes. European gas storage ended winter at 28% capacity, below the five-year average of 41%, underscoring the need for restocking.In Asia, limited storage capacity is likely to keep JKM prices sensitive to weather-driven demand.Despite global volatility, US prices remain relatively insulated. Front-month Henry Hub futures have fallen 9% since the week ending Feb. 27, with prompt-month prices at their lowest since October 2024 at the start of injection season.

Wire55d ago

Pfizer Reaches Three Settlements in Vyndamax Patent Infringement Suits

Pfizer (PFE) said Tuesday it entered into settlement agreements with three generic drug manufacturers regarding lawsuits filed in the US District Court for the District of Delaware for patent infringement related to Vyndamax, a cardiomyopathy transthyretin-mediated amyloidosis treatment.The settlements extend the drug's effective US patent expiry date to June 1, 2031, subject to the outcome of other litigation, the company said."Pfizer had previously anticipated a significant decline in U.S. revenues for Vyndamax beginning in 2029 upon patent expiry," Pfizer said. "As a result of this settlement, revenues are now expected to remain relatively stable from 2028 through mid-2031."Price: $26.65, Change: $-0.15, Percent Change: -0.54%

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US Markets55d ago

Coca-Cola Raises Full-Year Earnings Outlook Following First-Quarter Beat

Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal first-quarter results above market expectations amid pricing and volume gains.The company now anticipates adjusted earnings to rise by 8% to 9% in 2026, compared with its previous projection for an increase of 7% to 8%. The current consensus on FactSet is for non-GAAP earnings of $3.22 per share, which would imply 7.3% growth from $3 reported for 2025.The group continues to expect organic revenue to grow by 4% to 5% this year."Notwithstanding volatility in certain commodities like tea and coffee, we believe the overall impact on our cost basket is manageable at this time," Chief Financial Officer John Murphy said during an earnings call, according to a FactSet transcript. "However, uncertainty stemming from geopolitical tensions may cause this outlook to change."Shares of the Fanta and Sprite maker were up 5.9% in Tuesday trade, taking year-to-date gains to 14%.Earlier in April, rival PepsiCo (PEP) reiterated its full-year outlook and reported higher-than-expected fiscal first-quarter results.Coca-Cola's adjusted EPS advanced to $0.86 for the quarter ended April 3 from $0.73 the year before, topping the Street's view for $0.81. Adjusted revenue climbed to $12.47 billion from $11.22 billion, ahead of the average analyst estimate on FactSet of $12.24 billion.Pricing gains buoyed the top line and volume rose 3%, led by China, the US and India, the company said.Concentrate sales, which reflect the quantity of concentrates, syrups, beverage bases, source waters and powders and minerals sold by the company, moved 8% higher on a yearly basis."The external environment differed greatly across our market," Chief Executive Henrique Braun said on the call. "While many consumers remain resilient, others are under pressure due to persistent inflation, greater macroeconomic uncertainty and volatility driven by the conflict in the Middle East."Price: $79.54, Change: $+4.08, Percent Change: +5.41%

$KO

International55d ago

April Dallas Fed Service Sector Index -9.9 vs. -12 Expected, Prior -13.3 Reading

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Treasury55d ago

Scotiabank Looks at Canada's New Sovereign Wealth Fund In a Country That Is "Not a Saving Nation"

$CXY