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Research Alert: CFRA Keeps Strong Buy Recommendation On Shares Of Amazon.com, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ahead of AMZN's Q1 print, we trim our 12-month target to $285 from $296, 30x our 2027 EPS of $9.48 (was $9.87; 2026 to $7.60 from $8.00). While this remains a premium to the ~25x peer average, it implies a three-year PEG of 1.5x vs. 2.0x for peers. Our revised estimates reflect elevated AI investment, with total net capex likely rising 50%+ to roughly $200B (~60% three-year CAGR), with a large portion of these investments monetized in 2027/2028. At this scale of spend, alongside strong demand for AMZN's in-house chips (Trainium2 largely sold out; Trainium3 nearly fully subscribed), strong AWS backlog figures, and expanding power capacity, we have high conviction that AWS growth can accelerate from ~20% in 2025 to the high-20% range in 2026 and the mid-30% range in 2027. Elsewhere, we expect continued retail margin expansion, driven by improved fulfillment efficiencies and strength in high-margin digital ads. Profit growth should improve in 2H 2026 as Amazon Leo costs move from the P&L to the balance sheet.

$AMZN

International155d ago

Michigan Consumer Sentiment Index Falls Sharply in Preliminary April Survey

The University of Michigan's preliminary consumer sentiment index fell to 47.6 in April from 53.3 in March, much lower than expectations for an increase to 51.5 in a survey compiled by Bloomberg.The current conditions index decreased to 50.1 in April from 55.8 in March, while the expectations reading fell to 46.1 from 51.7."Demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month's fall," said Michigan, adding that consumers cite the Iran conflict for unfavorable changes to the economy.Respondents saw one-year inflation expectations at 4.8%, up sharply from 3.8% in March, while five-year inflation expectations increased to 3.4% from 3.2%.The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate). The headline index is a combination of the current assessment and expectations for the near future.An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.

International155d ago

University of Michigan One-Year US Inflation Expectations Jump to 4.8% from 3.8%, Five-Year 3.4% Vs. 3.2%

Treasury155d ago

Canada's Labor Market Shows A Lack of Dynamism, Central Bank to Stay on The Sidelines, Says TD

Canada's economy added 14,000 jobs in March, or 0.1% month over month, which is more-or-less in line with consensus expectations for a 15,000 gain, said TD after Friday's Labour Force Survey (LFS).Employment was essentially flat across job types, with full-time employment edging down slightly, or 1,000, while private-sector employment rose by 15,000 on the month.The unemployment rate was unchanged at 6.7% after February's increase. The labor force grew by 15,000 in March, while the participation rate was unchanged at 64.9%.The data suggests that the high unemployment rate is "mostly driven by slower hiring, rather than by increased layoffs."The LFS came in as expected, showcasing the lack of dynamism in the Canadian labor market, stated TD. The unemployment rate remains elevated, with the lack of hiring showcasing the general apprehension in the economy. With the economy continuing to progress in fits and starts, and uncertainty sky-high, the outlook is for subdued job growth and a steady unemployment rate.The outlook remains "fraught," with the energy shock beginning to be felt in the Canadian economy, and no clarity on the direction of the conflict, added the bank. How long the Middle East conflict lasts and energy supplies remain disrupted will determine the size of the inflation shock.For now, weak demand conditions should provide some offset to inflationary pass-through, allowing the Bank of Canada to stay on the sidelines and wait to see how things play out, according to TD.

$CXY

International155d ago

April Preliminary University of Michigan Consumer Sentiment 47.6 Vs. Expected 51.5, Prior 53.3

International155d ago

February Factory New Orders Excluding Transportation Rise 1.2% Vs. Expected 0.4% Gain, Prior 0.5% Increase

International155d ago

February Factory New Orders Flat Vs. Expected 0.2% Decrease, Prior Flat Reading

Treasury155d ago

Wages "Seemingly Popped" In March and Bank of Canada Will Keep An Eye On That, says BMO

BMO's Douglas Porter says the bottom line to be taken from Friday's Canadian employment data is that "for a refreshing change", results were "no big surprise" in March, and he adds the big picture take away is that job growth has been quite modest over the past year, but so, too, has been the growth in the available labour force, holding the unemployment rate steady.Porter says the only really new news was that wages "seemingly popped", which the Bank of Canada will keep on eye on, particularly as it is already on high alert for signs of any spillover from higher energy prices to broader inflation.Canadian employment, Porter notes, rose by a "moderate" 14,100 in March after a "tough start" to 2026. Given that employment had plunged by a combined 108,700 positions in the first two months of the year, no one is going to mistake this small back-up as a sign of strength, especially when full-time jobs actually nudged down a bit further last month, he says.Still, Porter adds, even a small plus sign is a positive, as is the stable jobless rate, which held at 6.7% -- actually a tick lower than a year ago.Porter notes the labor force also edged up 15,000 after two big declines as the participation rate steadied, but the number of people in the workforce has only risen 0.4% in the past year, just a tad below job growth.Overall, Porter says, Friday's LFS was "bizarrely" close to consensus and gets a passing grade of 57.1 on BMO's scoring system. "That will barely move the needle for the Bank of Canada debate," he adds.Porter notes one "wrinkle" was that average hourly wages popped, unexpectedly, to a 4.7% year-over-year pace, the fastest in more than a year and well up from 3.9% the prior month. "Wages can be a bouncy series, but that's a big bounce, and a move that bears watching."Meantime, he also notes, total hours worked edged up 0.2% month over month after a 'deep dive' in February. That still left them down at a 0.4% annual rate for all of Q1. With a half-decent productivity gain in the quarter, that could still work with BMO's 1.5% estimate for Q1 gross domestic product growth, Porter says.

$CXY

Oil & Energy155d ago

US Natural Gas Update: Futures Down Amid Bearish Gas Storage Data, Weather Forecasts

US natural gas futures held steady on Friday after weekly storage data landed broadly in-line with forecasts, offering little in the way of new direction for the markets.The front-month Henry Hub natural gas contract, along with the continuous contract, traded down 0.52% to $2.65 per million British thermal units.The Energy Information Administration reported a net injection of 50 billion cubic feet into storage for the week ended April. 3, which was above the prior week's 36 Bcf injection, but below the 57 Bcf that was injected into storage during the same week last year.Besides this, the actual figures were ahead of forecasts that were expecting a net injection of 41 Bcf for the week, according to data compiled by Investing.com.According to the Energy Buyer's Guide, the markets found no new directional momentum from these results, while noting that they expect next week's report to show a slightly smaller build, "before injections pick up in the following weeks."Globally, there is growing optimism about a potential peace deal with the US, Israel and Iran, as US President JD Vance departed to Pakistan, in order to hold talks with Iranian officials. Vance said that a "good faith effort" from the Iranian side could lead to a "successful" deal.Weather forecasts have continued to turn bearish, with most parts of the US expected to see above-normal temperatures from April 17 to April 23, according to the National Weather Service.US dry gas production saw a minor recovery, at 107.0 Bcf per day, after slipping from 108.6 Bcf per day to 106.6 Bcf per day earlier this week, according to NRG Energy.LNG feedgas to export terminals remains near capacity, estimated at 18.9 Bcf for Friday, as global supply and demand dynamics remain tight.

Mining & Metals155d ago

DLP Resources Confirms Magnetic Body at Esperanza Project in Peru

DLP Resources (DLP.V) said Friday that three-dimensional magnetic susceptibility imaging inversion on its Esperanza porphyry copper-molybdenum project in Peru delineated a strong magnetic body, providing geophysical evidence for locating concealed porphyry bodies.The company said its invention analysis delineated subsurface physical property structures down to 1,200 meters depth. The magnetic body has a volume of about 4.4 cubic kilometers, whose strike, dip, and depth perfectly align with a typical porphyry ore-forming model."The recent aeromagnetic drone survey over the Esperanza project together with the 3D inversion of the data has confirmed a coincident magnetic anomaly with our alteration mapping, spectral alteration mapping and ground geochemistry," President and Chief Executive Officer Ian Gendall said."The magnetic body, potentially related to a potassic core of a porphyry copper system is estimated to be at a depth of 200 to 700m below surface," Gendall added.DLP said it plans to conduct detailed rock chip sampling and additional extension of the magnetic survey. Permitting for a drill program in 2026 is currently underway.Price: $0.28, Change: $-0.02, Percent Change: -5.08%

$DLP.V

Mining & Metals155d ago

Goldstorm Metals Announces LIFE Offering for up to $4 Million; Shares Down 8.3%

Goldstorm Metals (GSTM.V) late on Thursday announced a non-brokered private placement for aggregate gross proceeds of up to $4 million.The private placement consisted of the sale of any combination of units at a price of $0.20 per HD unit, flow through units at a price of $0.24 per FT unit, and charity flow through units at a price of $0.31 per charity FT unit.The company said that each HD unit will be comprised of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.30 per common share for a period of 36 months following the closing of the offering.It added that each FT unit and charity FT unit will be comprised of one common share to be issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one warrant to be issued on a non-flow through basis.The net proceeds of the sale of units are expected to be used for general and administrative working capital and other corporate purposes.The offering is expected to close on or about the week of April 30, 2026, and is subject to certain conditions.The company's shares were last seen down $0.02 at $0.22 on the TSX Venture Exchange.Price: $0.21, Change: $-0.03, Percent Change: -12.50%

$GSTM.V

Commodities155d ago

European Commission Seeks Public Feedback on Energy Regulator Cooperation Agency

The European Commission has begun seeking feedback on the performance of the EU Agency for the Cooperation of Energy Regulators to identify areas for improvement, the Directorate-General for Energy said Friday.ACER was stablished in March 2011 to primarily support the integration of energy markets in the region and monitor market dynamics to deter any wholesale energy market manipulation.The four-week call for evidence, running through May 6, aims "to assess ACER's performance in relation to its objectives, mandate, and tasks, while exploring whether any adjustments are needed to enhance its effectiveness," according to the statement.All stakeholders, including energy regulators, market participants, industry experts, and civil society, were requested to provide their inputs on the agency's output, working methods, and interactions.The Commission said targeted surveys and interviews will also be conducted, along with the call for evidence, to facilitate the evaluation process.Evaluation findings will be presented to the European Parliament, the Council, and ACER's Board of Regulators in Q4, and will be made available to the public.

Sectors155d ago

Market Chatter: Hassett Says Strait of Hormuz Can Open Up Within Two Months

National Economic Council Director Kevin Hassett said he thinks the Strait of Hormuz can open and oil transport can return to normal within the next two months, Bloomberg reported Friday, citing Hassett's appearance on Fox Business.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Oil & Energy155d ago

EMEA Natural Gas Update: Futures Drop Nearly 7% After JD Vance Signals Optimism on Iran Peace Deal

European natural gas futures were down on Friday after some apparent progress seen towards a lasting peace deal between the US, Israel and Iran after US Vice President JD Vance expressed optimism about a positive outcome.The front-month Dutch TTF contract fell 6.44% to 43.20 euros ($50.66) per megawatt-hour, while UK NBP futures lost 6.75% to 108.88 pence ($1.46) per therm. Dutch TTF futures were set to end the week down by 13.53%, while UK gas was down 14.09%, according to data from Trading Economics.On Friday, Vance departed to Islamabad, Pakistan, to hold talks with Iran, while noting that President Donald Trump had set firm expectations for the negotiating team. Vance also said that a "good faith effort" from the Iranian side could lead to a "successful" deal.Meanwhile, Lebanese Prime Minister Nawaf Salam is expected to visit Washington, after Israel requested direct negotiation following its attacks against the country, according to a CNN report.All of these developments point towards potential de-escalation in hostilities in the Middle East, leading to pressure on European natural gas prices.Meanwhile, the Strait of Hormuz, was still effectively closed for the sixth week running, with just five vessels passing through it over the past 24 hours, according to the Hormuz Strait Monitor.This is in sharp contrast to the typical daily average of 138 ships per day, according to the UK's Joint Maritime Information Center, which noted that there were no new vessel attacks over the past 24 hours.Sultan Ahmed Al Jaber, the CEO of Adnoc, the UAE's state-owned oil company, said that despite the ceasefire announcement earlier this week, the Strait of Hormuz had not reopened.Access to the crucial Strait, which handles 20% of global LNG flows, he said, was still being "restricted, conditioned and controlled," in a social media post on Thursday.Daniel Hynes, a senior commodity strategist at ANZ, said there was "no end in sight to the impasse," with LNG tankers still stuck in the Persian Gulf.Hynes also added that the resulting supply tightness was being compounded by the outages in Australia's LNG facilities, with Chevron's Wheatstone gas facility operating at just 50% of capacity, due to damage from Cyclone Narelle last month.All of this comes at a critical juncture for European markets, as the region enters refilling season with low inventories, at just 28.92% of capacity, compared to 34.97% last year, according to data from Gas Infrastructure Europe.

Sectors155d ago

Natural Gas Edging Up From a 17-Month Low as Mild Weather Lowers Demand

Natural gas edged up from a 17-month low early Friday on weak seasonal demand, mild forecasts and high supply.Gas for May delivery was last seen up $0.01 to US$2.68 per million British thermal units after falling to the lowest since November 2024 a day earlier.The price of the fuel has been pressured as mild spring temperatures cut into demand while supply remains high. Long-term forecasts from the National Weather Service expect most states to see seasonal or warmer temperatures over its six to 14 day outlook."(Natural gas) has remained subdued largely under pressure from seasonal shifts as warmer weather continues to unfold. Demand has moderated given this seasonal shift while supply remains abundant," Christopher Louney, natural gas and gold strategist at RBC Capital Markets wrote in a note to clients.In its weekly survey of inventories of the fuel released Thursday, the Energy Information Administration reported stocks rose by 50-billion cubic feet last week, above expectations for a rise of up to 48-bcf according to NatGasWeather. The rise left inventories at 1.91-trillion cubic feet, 4.8% above the five-year average for the week.

$NGK6$UNG

Sectors155d ago

Hassett Says Strait of Hormuz Can Open Up Within Two Months, Bloomberg Reports

Mining & Metals155d ago

TSX Up More Than 210 Pts; Comes After Index Lost Near 140 Pts on Thursday, For Its First Loss In Seven Sessions

S&P/TSX CompositeS&P/TSX Composite

Equities155d ago

UBS Adjusts Delek US Holdings Price Target to $48 From $42, Maintains Neutral Rating

Delek US Holdings Inc (DK) has an average rating of overweight and mean price target of $47.79, according to analysts polled by FactSet.

$DK

Equities155d ago

UBS Adjusts Diamondback Energy Price Target to $245 From $240, Maintains Buy Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $214.84, according to analysts polled by FactSet.

$FANG

Sectors155d ago

Sector Update: Energy Stocks Lean Lower Premarket Friday

Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.3%.The United States Oil Fund (USO) was down 1.3% and The United States Natural Gas Fund (UNG) was 0.2% lower.Front-month US West Texas Intermediate crude oil was 0.1% higher at $97.95 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.2% to $95.68 per barrel, and natural gas futures were up 0.2% at $2.68 per 1 million British Thermal Units.ConocoPhillips (COP) has sent a team to Venezuela to evaluate the prospects of oil drilling in the country, several media outlets reported, citing a company statement. Shares of ConocoPhillips were marginally higher pre-bell.Petrobras (PBR) said it signed contracts with Petronas Petroleo Brasil to acquire 50% stakes in the Tartaruga Verde and Espadarte - Module III fields in the Campos Basin offshore Brazil for $450 million, regaining full ownership in the assets. Petrobras shares were up 1% premarket.EQT (EQT) and Glencore (GLEN) committed to acquiring an extra 1 million metric tons of liquefied natural gas annually from Commonwealth LNG through 20-year agreements, Reuters reported, citing a regulatory document. EQT stock was 0.6% lower pre-bell.

$COP$EQT$PBR$UNG$USO$XLE

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Oil & Energy155d ago