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Bed Bath & Beyond Q1 Sees Upside Risk From Web Traffic Trends, Wedbush Says

Bed Bath & Beyond's (BBBY) Q1 print has more upside risk, supported by a positive trajectory in website data during the quarter and potential market share gains, Wedbush Securities said in a Friday note.The company is scheduled to report quarterly results Monday after market close.Wedbush said it expects Q1 revenue of $239 million, but sees upside to its estimate, citing positive web data trends driven by rising unique visitors and page views, which suggest market share gains.The company's efforts to improve earnings by eliminating unprofitable SKUs and reducing fixed costs should drive flow-through to any topline upside.The company is positioned to continue its pivot toward becoming a vertically integrated home services platform as it works to integrate recent acquisitions, with expected annualized cost savings and efficiencies of $40 million within 12 to 18 months of full integration, Wedbush added.The proper execution of the company's ancillary revenue streams could also expand its addressable market into higher-margin recurring software streams, according to the note.Wedbush reiterated its outperform rating on the stock and price target of $7 per share.Price: $5.63, Change: $+0.11, Percent Change: +1.99%

$BBBY

Research56d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of First Industrial Realty Trust, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price by $4 to $67, applying a forward P/FFO of 21.1x our 2026 FFO estimate, in line with industrial REIT peers. We decreased our 2026 FFO estimate by $0.04 to $3.17 and maintained 2027's at $3.42. FR continues to benefit from strong renewal leasing, with cash rents up 41% in Q1, the strongest number in the industrial space to start the year. This was influenced by a renewal of FR's largest expiring rental space a 556K sqft facility in Southern California. Management believes its sale of 100 acres in Phoenix for $131M closing in June is well above typical industrial land values for this market, likely due to data center needs in the area. We note G&A expenses are elevated this year due to an ongoing proxy battle with activist investor Land & Buildings that believes long-tenured board members need to be replaced due to underperformance relative to peers. We note the valuation discount to peers is not large enough to warrant concern, especially given FR's smaller size.

$FR

Wire56d ago

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks declined Friday afternoon, with the NYSE Energy Sector Index shedding 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index added 0.2%Crude oil futures dropped following reports that Iran's Foreign Minister Abbas Araghchi and President Donald Trump's envoys will arrive in Pakistan for peace talks this weekend. Araghchi, the main mediator between Tehran and Washington, is set to arrive in Islamabad with a small delegation, Pakistani government sources and an Iranian source told CNN. Pakistan is brokering the talks between Washington and Tehran, seeking an end to the war in Iran and a reopening of the Strait of Hormuz.West Texas Intermediate crude oil fell 2% to $93.92 a barrel, and global benchmark Brent eased 0.2% to $104.85 a barrel. Henry Hub natural gas futures declined 3.3% to $2.53 per 1 million BTU.In corporate news, X-Energy (XE) shares were up 26% following their debut on Nasdaq.SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 3.8% as revenue topped estimates, while earnings fell.BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported. BP shares were down 0.8%.

$BP$SLB$XE

Commodities56d ago

Reliance Industries Reports Q4 Throughput Decline; Advances New Energy Expansion

Reliance Industries on Friday reported Q4 earnings, with total throughput falling to 19.5 million metric tons from 20.3 mmt a year earlier.Production meant for sale for transportation fuel declined to 11.1 mmt for the quarter ended Mar. 31, compared with 12 mmt a year earlier, according to the company.Krishna Godavari Dhirubhai 6 gas production declined 6.4% over the year to 59.6 billion cubic feet equivalent for Q4.Coal bed methane production increased 7.4% to 2.91 Bcfe, supported by additional wells brought online, the company said.Average daily production stood at 25.2 million metric standard cubic meters for KGD6 gas and 0.92 mmscm for CBM, highlighting steady operational performance despite declines in legacy fields, Reliance said.Oil and condensate production averaged 17,310 barrels per day during the quarter, the company said.The company said it continues to focus on stabilizing output through improved well interventions, enhanced recovery techniques, and incremental development across its upstream portfolio.Reliance Industries is scaling its solar manufacturing capacity, targeting 20 gigawatt annual production across modules, cells, wafers, and glass manufacturing, and has achieved Approved List of Models and Manufacturers approval for Heterojunction Technology solar cells and modules, the company said.The company is also expanding battery manufacturing, aiming to reach 100 gigawatt-hours of annual capacity, with the first phase of 40 GWh expected to be commissioned soon, the company added.Reliance is progressing work on a large renewable energy project in Kutch, targeting over 150 GW peak installed capacity, with construction advancing alongside evacuation infrastructure, according to the company.The company has also secured a long-term agreement with Samsung C&T to supply green ammonia starting in 2029, supporting its strategy to build an integrated clean energy and fuels platform, the company said.

Sectors56d ago

Update: Gold Steady as the Dollar Eases on a Report Iran is Ready to Resume Talks With the U.S.

(Updates prices.)Gold was steady early on Friday as the dollar and yields eased following a report that Iran is ready to resume negotiations with the United States to end the war.Gold for May delivery was last seen up US$12.80 to US$4,76.80 per ounce.Bloomberg News reported Iranian Foreign Minister Abbas Araghchi and a team of negotiators are expected to arrive in Islamabad late on Friday. The Wall Street Journal said U.S negotiators Steve Witkoff and Jared Kushner will travel the Pakistan capital for the talks.A deal between the two nations would likely lower oil prices and ease fears the supply shock that followed the closure of the Strait of Hormuz would hike inflation and force central banks to raise interest rates. The threat of higher rates has pushed investors to the dollar and bonds, leaving gold rangebound. The metal has traded within a US$200 band since the start of the conflict.The dollar was lower, with the ICE dollar index last seen down 0.2 points to 98.57. Treasury yields were down, with the yield on the U.S. two-year note down 5.7 basis points to 3.789%, while the 10-year note was paying 4.312%, down 1.6 points.

$GCM6$GLD

Treasury56d ago

CIBC On the Week Ahead In Canada Economics

The Bank of Canada is expected to leave interest rates on hold next Wednesday and reiterate messaging that interest rate increases would only be needed if there was sufficient evidence that higher oil prices are passing through into wider inflationary pressures, Katherine Judge and Andrew Grantham write. That still seems unlikely in their book. The CIBC duo expect data later in the week [February GDP and payrolls on Thursday] will likely show the economy continuing to grow at only a modest pace that would reduce slack in the economy only very slowly.The Federal government's fiscal update on Tuesday will likely show little change in deficit projections, with positive developments on the revenue side likely offset by already announced measures such as the fuel tax holiday and enhanced tax credits for households, Judge and Grantham say.CIBC sees February GDP rising 0.2%, in line with consensus.Also on the calendar for next week is the auction of $5 billion in 5-YR CANADAS on Thursday.

$CXY$CM.TO

US Markets56d ago

Equities Mostly Rise Intraday as Intel Rallies; Oil Falls Amid US-Iran Peace Talk Hopes

US benchmark equity indexes were mostly higher intraday amid Intel's (INTC) post-earnings rally, while oil prices moved lower on renewed hopes for a fresh round of peace talks between Washington and Iran.The Nasdaq Composite was up 1.4% at 24,785.3 after midday Friday, while the S&P 500 rose 0.7% to 7,154.6. The Dow Jones Industrial Average fell 0.3% to 49,157.6. Among sectors, technology paced the gainers with a 2.1% jump, while health care saw the biggest drop.Intel shares soared 21% intraday, the best performer on the S&P 500. Late Thursday, the chipmaker delivered a first-quarter beat amid artificial intelligence-driven demand for its products. The company issued an upbeat outlook for the ongoing quarter.Intel's post-earnings commentary suggests revenue upside potential for 2026 despite a likely conservative outlook for the second half of the year, UBS Securities said in a note.Several other major tech stocks were also advancing intraday Friday. Nvidia (NVDA) shares jumped 4.9%, the top gainer on the Dow, followed by Amazon.com's (AMZN) 3.1% increase. Advanced Micro Devices (AMD) and Qualcomm (QCOM) were up by double-digit percentage each, both among the best S&P 500 performers.Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The company's shares plunged 22%, the steepest decline on the S&P 500.West Texas Intermediate crude was down 2.1% at $93.82 per barrel, while Brent lost 0.4% to $104.67.US special envoy Steve Witkoff and Jared Kushner will leave for Pakistan Saturday for a fresh round of talks with Iran, CNN reported Friday, citing White House press secretary Karoline Leavitt.The Iranians reached out to the US, "as the president called on them to do," and requested the in-person conversation, Leavitt reportedly said.US Treasury yields were lower intraday, with the 10-year rate down 1.6 basis points at 4.31% and the two-year rate falling 5.7 basis points to 3.79%In economic news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed."The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices," Surveys of Consumers Director Joanne Hsu said. "In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."Gold was up 0.4% at $4,743.50 per troy ounce, while silver gained 1.2% to $76.44 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CHTR$INTC$NVDA$QCOM

Mining & Metals56d ago

Stifel Canada Reviews FirstService Q1 Results

Stifel Canada is slightly positive on FirstService (FSV.TO, FSV) after it reported first-quarter results that were a slight beat.Analyst Daryl Young, who is maintaining a buy rating and US$215.000 on the shares of the company, said it was "well-telegraphed" that the first quarter would be a slower start to the year as management focused on shedding low-margin residential contracts, coupled with ongoing roofing headwinds.The first quarter is also seasonally the weakest quarter of the year so the margin impacts in roofing were more amplified, Young added."We expect roofing to remain a drag this year given weak commercial construction activity that has caused heightened competition for repair/replace work (recall ~2/3rds of industry demand is repair and replace over a full cycle). However, our roofing survey work points to a stabilization of the industry (at trough levels)," he writesPrice: $200.72, Change: $-3.83, Percent Change: -1.87%

$FSV$FSV.TO

Wire56d ago

Goldman Sachs Lifts Price Target on Nasdaq to $102 From $98, Maintains Buy Rating

Nasdaq (NDAQ) has an average rating of Buy and mean price target of $109.50, 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: $89.16, Change: $+2.12, Percent Change: +2.43%

$NDAQ

Commodities56d ago

US Natural Gas Update: Futures Slide on Heavy Storage Build, Soft Demand Outlook

US natural gas futures fell sharply in midday trading on Friday as bearish storage data and easing geopolitical risk sentiment outweighed lingering supply tightness.The front-month Henry Hub contract and the continuous contract both declined 3.21% to $2.53 per million British thermal units.Futures prices weakened further earlier in the day, dropping as low as $2.495/MMBtu, the lowest level since at least October 2024, an 18-month low.Prices have been under sustained pressure, with losses of 11.81% over the past four weeks and 17.53% over the past year, according to Trading Economics.The latest US Energy Information Administration report reinforced the bearish tone on Thursday, showing a storage injection of 103 billion cubic feet for the week ending Apr. 17. That beat expectations and exceeded both last year's comparable build of 77 Bcf and the five-year average injection of 64 Bcf. Total inventories now sit about 7.1% above seasonal norms.Demand remains muted as mild spring temperatures suppress heating consumption. Weather forecasts point to mostly near-normal conditions through early May, offering little support for near-term demand recovery.On the supply side, US production has eased, falling roughly 3.8 billion cubic feet per day over the past 17 days to an 11-week low of 108.3 Bcf/d. LNG feedgas demand, however, remains strong, rising to 18.9 Bcf/d in April and tracking toward a potential monthly record.NRG Energy data should output at 106.4 Bcf, below year-ago levels, while LNG feedgas flows were reported at 18.7 Bcf/d.Geopolitical risk premiums provided limited support earlier in the week due to tensions in the Middle East, but that bid faded somewhat on Friday. Reports of diplomatic engagement between Iran and the US, including planned talks involving negotiators in Islamabad focused on the Strait of Hormuz situation, reduced fears of immediate supply disruption.

Oil & Energy56d ago

EMEA Oil Update: Crude Falls on US-Iran Talks Optimism Ahead of Araghchi Visit

EMEA crude futures dropped in after-hours trading on Friday, reversing earlier gains as market optimism grew over the potential resumption of peace talks between the US and Iran, amid reports that Iranian Foreign Minister Abbas Araghchi will arrive in Pakistan for indirect talks.Brent crude futures eased by 0.38% to $104.67 per barrel, while Murban oil futures were down 1.74% to $104.11/bbl.Ole R. Hvalbye, commodities analyst at SEB Research, said that the current Iranian leadership is dominated by genuine hardliners willing to absorb economic pain and run the clock to extract concessions. "That is not a setup for a rapid resolution," Hvalbye said.Though Iranian media said that no talks with the US would take place during Araghchi's visit, the top diplomat is set to arrive in Islamabad on Friday as Pakistan continues to try to broker negotiations between the two sides over a conflict that has roiled global energy markets."Embarking on a timely tour of Islamabad, Muscat, and Moscow. The purpose of my visits is to closely coordinate with our partners on bilateral matters and consult on regional developments," Araghchi said in a social media post on X.President Trump is reportedly sending US peace envoy Steve Witkoff and Jared Kushner to Pakistan for talks with Araghchi.Elsewhere, Israel and Lebanon agreed to extend their ceasefire by three weeks following a White House meeting with senior US officials, President Trump said on Thursday.Though the ceasefire between the US and Iran has held, the Middle East conflict has evolved into naval blockades keeping the Strait of Hormuz closed.On Thursday, Trump ordered the US Navy to "shoot and kill" boats laying mines in the Hormuz, while claiming that Washington now has "total control" over the passage.Saxo Bank strategists said the disruption in the Hormuz threatens to further delay crude and fuel flows from the Arabian Gulf."Even a full reopening may still leave flows taking several months to normalize, creating additional tightness, especially in diesel and jet fuel, and forcing countries and companies to curb demand," the analysts said.The Hormuz has come to a near halt as tensions between the US and Iran flared up over the strategic waterway this week, prolonging the global oil supply disruption.MarineTraffic said Hormuz traffic remains constrained, with eight crossings recorded on Apr.23, flat day-over-day and far below typical volumes."While no new attacks have occurred since Apr. 22, risks remain elevated for the 702 vessels still in the Persian Gulf, amid threats of Iranian action, US interdiction and persistent mine hazards," the shipping tracking data firm said.

Sectors56d ago

Sector Update: Financial Stocks Softer Friday Afternoon

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.6%.The Philadelphia Housing Index was slipping 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally lower.Bitcoin (BTC-USD) was adding 0.5% to $77,629, and the yield for 10-year US Treasuries was decreasing 1.3 basis points to 4.31%.In economic news, the University of Michigan consumer sentiment index was revised upwards Friday to a reading of 49.8 for April from the 47.6 print in the preliminary estimate, compared with expectations for a smaller upward revision to 48.5 in a survey compiled by Bloomberg.In sector news, US Attorney General for DC Jeanine Pirro said Friday on X that she has ordered her office to close its investigation into Federal Reserve Chair Jerome Powell.In corporate news, Western Union (WU) shares dropped 3.4% after it reported Q1 adjusted earnings Friday that declined year on year and missed analysts' estimates.Apollo Commercial Real Estate Finance (ARI) shares added 0.6% after it said Friday that it has completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding, following an agreement announced in January.KKR (KKR) and investment management company Capital Group are planning to launch a public-private credit fund in Asia this year, Bloomberg reported. The fund is expected to launch in H2 and follows a similar one started by the two companies in the US in 2025, Bloomberg reported, citing Capital Group Chief Executive Mike Gitlin. KKR shares increased 0.6%.

$ARI$KKR$WU

Treasury56d ago

Replenish Nutrients Expands Revolving Credit Facilities by $1.95 Million

Replenish Nutrients (ERTH.CN) renewed and expanded its two existing revolving credit facilities increasing total available credit capacity by $1.95 million, it said overnight Thursday.The combined authorized limit across both facilities is $5.45 million. This provides additional working capital to support its 2026 growth initiatives at its Beiseker, Alberta production facility and its expanding licensing programs with Farmers Union Enterprises and MJ Ag Solutions, said the company.The renewed facilities continue to be secured by specific assets of the company and its units, bear interest at the same rate, and retain the same one-year renewable term structure.Shares of the company were last seen down $0.01 to $0.15 on the Canadian Securities Exchange.Price: $0.15, Change: $-0.01, Percent Change: -6.25%

$ERTH.CN

Mining & Metals56d ago

RBC Provides its Canadian Technology Q1/CY26 Preview

RBC Capital Markets provided a first-quarter earnings preview for stocks in its Canadian Technology coverage universe on Friday.The S&P/TSX Info-Tech sub-sector had its "worst start to the year" since 2022, due to the continued downward re-rating of software stocks on concerns regarding AI disruption, noted RBC.While RBC expects Q1 results to be "largely in line" with consensus and believes the "magnitude of the pullback in software valuations is an overreaction," it believes sentiment is unlikely to materially change in the short term.Even though RBC anticipates "slightly improved organic growth" for the average stock in its coverage this quarter, the market appears "risk-averse and may largely ignore positive surprises and disproportionately penalize negative surprises," in light of the market sensitivity regarding AI disruption and uncertainty regarding the macro environment, said RBC.Among its covered stocks, RBC believes the "best-positioned stocks" for calendar Q1 results are Celestica (CLS.TO), Shopify (SHOP.TO), Constellation Software (CSU.TO), and Kinaxis (KXS.TO).RBC believes Celestica will report Q1 earnings above consensus and increase FY26 guidance, given hyperscaler capex continues to increase, along with strong network switch and AI server demand, against Celestica's historically conservative outlook, added RBC."Given the strong 36% YTD rally in Celestica's shares, Q1 results may not be a catalyst for the stock," said RBC. "Even so, we believe Celestica's strong growth momentum, ongoing margin expansion, and mix shift to more structurally attractive segments of the market are likely to help sustain Celestica's valuation to remain above peers and toward the high end of its historical range."For Shopify, RBC expects "solid" Q1 results and Q2 guidance slightly above consensus estimates.U.S. e-commerce spending strengthened through Q1, noted RBC which it believes implies revenue growth accelerates sequentially, with Q1 revenue and adj. EPS likely slightly above consensus."While the valuation of Shopify's shares has re-rated down with the YTD pullback in software stocks, Shopify's fundamentals remain solid, in our view, and we expect strong growth to drive shareholder returns over the long term," said RBC.RBC expects Constellation's shares to modestly rally following Q1 results."With the stock trading near multi-year valuation lows, we see investor sentiment improving, given Q1 slightly ahead of consensus, TTM free cashflow up 25%, and annualized Q1 capital deployed on acquisitions likely tracking to a new record," said RBC. "We see Constellation's valuation as compelling, compared to our forecast for a 17% adj. EBITDA CAGR over the next 3 years."RBC believes Kinaxis's shares may "slightly rally" following Q1 results. It expects Kinaxis to report "solid" Q1 results, slightly above consensus, with continued growth re-acceleration and likely healthy bookings."With Kinaxis seeing reaccelerating growth, but trading at discounted valuation levels, we see compelling risk-reward on the shares," added RBC. "Moreover, ramping share buybacks may provide a floor for the stock."Price: $565.60, Change: $+28.12, Percent Change: +5.23%

$AIF.TO$CGY.TO$CLS.TO$CSU.TO$CVO.TO$GIB-A.TO$ISC.TO$KXS.TO$LMN.V$OTEX.TO$SHOP.TO$TOI.V$VHI.TO

Sectors56d ago

Sector Update: Health Care Stocks Decline in Afternoon Trading

Health care stocks were lower Friday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding 1.4%.The iShares Biotechnology ETF (IBB) decreased 0.7%.In sector news, the US Food and Drug Administration said it was launching regulatory actions to back the development of psychedelic therapies to treat mental illness. The move builds on President Donald Trump's recent executive order directing the Department of Health and Human Services to accelerate access to treatments for people with serious mental illness, the FDA said.In corporate news, HCA Healthcare's (HCA) Q1 results exceeded market expectations, but the hospital operator said it did not see its usual seasonal lift in admissions amid declines in respiratory activity. Its shares dropped 9%.Organon (OGN) shares surged 28% amid a report that India's Sun Pharmaceutical Industries was planning a $13 billion bid for the company.Compass Pathways (CMPS) shares rose 5% after it said Friday the US Food and Drug Administration has granted its rolling review request for its new drug application and selected COMP360 for the Commissioner's National Priority Voucher program for treatment-resistant depression.

$CMPS$HCA$OGN

Sectors56d ago

Sector Update: Consumer Stocks Mixed Friday Afternoon

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.8%.In sector news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday. The main sentiment index fell 6.6% to 49.8 from last month. The consensus in a Bloomberg poll expected the April reading to be revised to 48.5 from the preliminary estimate of 47.6.In corporate news, Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Shares rose 3.2%.Charter Communications (CHTR) reported Q1 earnings below market estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. Shares slumped 22%.Stellantis (STLA) plans to direct the bulk of its future investment toward Jeep, Ram, Peugeot, and Fiat under Chief Executive Antonio Filosa's turnaround strategy, Reuters reported. The carmaker is set to unveil the long-term plan in May, focusing on strengthening its most profitable global brands while streamlining its sprawling 14-brand portfolio, the industry's largest, the report said. Stellantis shares were down 3%.

$CHTR$PG$STLA

Wire56d ago

Top Midday Decliners

Charter Communications (CHTR) reported Q1 earnings on Friday below the FactSet consensus and revenue which declined from a year ago.Shares sank 22% following an increase in intraday trading volume to over 8.1 million from a daily average of about 1.95 million.HCA Healthcare's (HCA) Q1 results exceeded market expectations, but the hospital operator said it did not see its usual seasonal lift in admissions amid declines in respiratory activity.Shares dropped 9%, with intraday trading volume at over 2.28 million, versus a daily average of roughly 1.1 million.Price: $186.25, Change: $-55.53, Percent Change: -22.97%

$CHTR$HCA

Sectors56d ago

Sector Update: Tech Stocks Gain Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.1%.The Philadelphia Semiconductor index climbed 4.3%.In corporate news, Intel (INTC) shares surged 21% after the chipmaker reported late Thursday fiscal Q1 results above Wall Street's estimates as it benefited from AI-driven demand for its products.Meta Platforms (META) said Friday it signed an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. Meta shares climbed 2.8%, and Amazon gained 3%.Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic. Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company. Alphabet shares rose 1%.

$AMZN$GOOGL$INTC$META

Sectors56d ago

Sector Update: Energy

Energy stocks fell Friday afternoon with the NYSE Energy Sector Index shedding 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) declining 0.8%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index eased 0.1%West Texas Intermediate crude oil fell 2.3% to $93.64 a barrel, and global benchmark Brent dropped 0.4% to $104.63 a barrel. Henry Hub natural gas futures declined 3.2% to $2.53 per 1 million BTU.In corporate news, SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 3.5% as revenue topped estimates, while earnings fell.

$SLB

Research56d ago

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Gentex 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 target by $2 to $30, based on a 2027 P/E of 13.3x, a justified discount to GNTX's five-year average P/E of 16.7x. We maintain our EPS estimates of $2.00 for 2026 and $2.25 for 2027. Following GNTX's Q1 earnings release, we are lowering our price target but reiterating our Strong Buy opinion on the shares. It was a solid earnings release all around, with both sales and margins exceeding expectations and higher full-year revenue guidance. The investment thesis from our late January upgrade to Strong Buy appears intact, with gross margins rebounding nicely (+60 bps to 33.8% in Q1) and a risk/reward that appears compelling. While tepid volumes remain a concern (mirror shipments were -6%), GNTX's strong balance sheet and sub-industry leading gross margins are key distinguishing factors supporting our rating. GNTX's 12% Y/Y EPS growth in Q1 also underscores its easier near-term comps.

$GNTX

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Mining & Metals56d ago

RBC Provides its Canadian Technology Q1/CY26 Preview

$AIF.TO$CGY.TO$CLS.TO$CSU.TO$CVO.TO$GIB-A.TO$ISC.TO$KXS.TO$LMN.V$OTEX.TO$SHOP.TO$TOI.V$VHI.TO