Original source text
AbbVie maintains strong momentum in immunology, with Skyrizi and Rinvoq offsetting Humira declines and driving double-digit revenue growth. I reaffirm a 'Strong Buy' rating, supported by expanding indications for Skyrizi in Crohn's Disease and Rinvoq in alopecia areata and vitiligo. Skyrizi's subcutaneous induction for Crohn's Disease, validated by phase 3 AFFIRM data, targets further market share and revenue acceleration. Live financial news intelligence
Track market-moving stories before they get noisy
Real-time pulse of financial headlines curated from 5 premium feeds.
Latest market signal
English
Commodities
GOLD
228
SILVER
128
OIL
61
PLATINUM
5
PALLADIUM
2
COPPER
1
- FMP Stock News 55s ago
- FMP Forex News 2m ago
- CoinGecko News 2m ago
- FIO Stock News 6m ago
- Patria Stock News 6m ago
- Editorial rewrite 55s ago
- Asset sync 36m ago
Latest coverage
Market News Feed
Scan headlines quickly, then expand any story for source context.
| Details | Date | Content | Source |
|---|---|---|---|
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 17:31
1mo ago
|
AbbVie: Maintaining My Strong Buy Rating After Label Expansion | FMP Stock News | |
|
|
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 11:01
1mo ago
|
SSRM Boots Financial Position With Additional $500M Share Buyback | FMP Stock News | |
|
Original source text
Key Takeaways SSR Mining approved an additional $500M share repurchase program and reinstated its dividend.The free cash flow from continuing operations climbed to $210.8M from $71.9M a year ago.SSRM ended Q1 with $634.1M in cash, $1.13B liquidity and no significant long-term debt. SSR Mining Inc. (SSRM - Free Report) announced that its board of directors approved an additional $500 million for share repurchases and reinstated its regular quarterly dividend. This move underscores SSRM’s disciplined approach to capital allocation and commitment to shareholders.SSR Mining’s Focus on Solid Financial PositionThe company has returned $774 million to shareholders since 2021, including $300 million in share repurchases completed in the second quarter of 2026. The company’s year-to-date shareholder returns represent a yield of around 5%, excluding the impacts of the additional $500-million authorization for share repurchases and the reinstatement of a quarterly dividend. SSR Mining plans to declare an initial quarterly dividend of 3 cents per share during the second-quarter 2026 results. This indicates an annual dividend of 12 cents per share, establishing a strong baseline of consistent capital returns. These moves are in sync with the company’s ongoing capital returns program. SSRM’s Cash Position at Q1-EndOperating cash flow from continuing operations rose to $299.6 million from $116.7 million a year ago. The free cash flow from continuing operations increased to $210.8 million from $71.9 million. SSR Mining ended the quarter with $634.1 million in cash and cash equivalents, and total liquidity of $1.13 billion, including an undrawn revolving credit facility and accordion feature. The company had no significant long-term debt outstanding as of March 31, 2026. SSR Mining’s ongoing free cash flow generation and anticipated sale of the Çöpler mine for $1.5 billion will further aid its financial position. This positions SSRM as a free-cash-flow-leading, Americas-focused gold and silver producer with flexible financial position. SSRM Stock Price PerformanceThe company’s stock has appreciated a whopping 123.9% in a year compared with the industry’s return of 59.1%. Image Source: Zacks Investment Research SSR Mining’s Zacks Rank & Stocks to ConsiderSSRM currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the basic materials space are Albemarle Corporation (ALB - Free Report) , L.B. Foster Company (FSTR - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . ALB and FTSE sport a Zacks Rank #1 (Strong Buy) at present, and ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 186% so far this year. The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, indicating a 152% year-over-year upsurge. FSTR has an average trailing four-quarter earnings surprise of 3.6%. L.B. Foster’s shares have gained 4.9% in a year. Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have jumped 90.5% in a year. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 07:00
1mo ago
|
Leggett Dynamics Launches Smart Brushless Motor & Advances Quiet, Software-Defined Comfort & Motion | FMP Stock News | |
|
Original source text
Reduces Complexity & Cost, Improves Performance, Supports Next-Gen ArchitecturesDETROIT, MI / ACCESS Newswire / June 16, 2026 / Leggett Dynamics today launched its Smart Brushless Motor, a next-generation motion system that simplifies design and vehicle integration, improves NVH and durability and supports evolving software architectures across seating and other motion-control applications. Less Complexity, More Capability Unlike conventional systems, Leggett Dynamics' Smart Brushless Motor can operate with or without a seat-level electronic control unit (ECU), enabling direct communication from the vehicle-level ECU to individual actuators. This streamlined approach supports the industry shift toward more centralized or zonal architectures and enables simplified, scalable integration across multiple seat configurations and trim levels with varying actuator counts. In addition, the motor's design reduces packaging size, weight, and wiring complexity while enhancing sound, durability, and electromagnetic compatibility (EMC) performance. Smarter Motion, Enhanced Comfort For vehicle occupants, these engineering gains translate into a better in-cabin experience. The Smart Brushless Motor enables quieter operation, smoother seat adjustment, faster memory recall, and a wider range of motion. The result is precise, reliable comfort and motion that feels responsive and refined in everyday use. "Leggett Dynamics' Smart Brushless Motor is about doing more with less: less components, less complexity, less weight and less noise while achieving more capability and more adaptability for manufacturers and more comfort and motion control for consumers," said Julien Rea, VP of Global Innovation & Engineering at Leggett Dynamics. The Smart Brushless Motor enters the market as OEMs transition to software-defined vehicles, centralize architectures, and pursue simplified and commonized hardware across platforms paired with software-enabled updates. It also addresses growing demand for quiet, scalable systems across mixed propulsion portfolios, particularly in EVs, where cabin quietness makes motor noise more apparent. Leggett Dynamics will showcase its brushless motor and other comfort and motion innovations at two upcoming industry events: The Automotive Engineering Expo in Nagoya, Japan (June 17-19, Booth 96) and Automotive Interiors Expo Europe in Stuttgart, Germany (June 23-25, Booth #3216). About Leggett Dynamics Leggett Dynamics is the brand representing the automotive businesses of Leggett & Platt, Incorporated. Under the Leggett Dynamics brand, these businesses deliver eMotion and Comfort solutions for automotive seating, liftgates, doors, sunroofs, and more. Leggett Dynamics businesses operate globally, with a footprint spanning 28 locations across 12 countries, and employing more than 6,200 people, with key locations in Detroit, Nuremberg, and Shanghai. As a strategic partner to more than 140 customers worldwide, Leggett Dynamics offers a Comfort Systems Platform (massage, lumbar, bolster and suspension), Motion Systems Platform (motors, actuators and latches), Software & Integration Platform, and Innovation Services, including advanced engineering co-development and human factors studies. Leggett Dynamics is a brand within Leggett & Platt, Inc. (NYSE:LEG), a manufacturer of residential, industrial, and furniture products that has been engineering comfort for over 140 years across the places where people sleep, work, live, and move. Link to Press Kit: BLDC Launch Media Contact: Dawn K. Looney, APR VP of Global Branding, Marketing & Communications Leggett Dynamics Email: [email protected] Phone: +1.248.980.1248 Liwen Tao Manager of AP Branding, Marketing & Communications Leggett Dynamics Email: [email protected] SOURCE: Leggett Dynamics Related Documents: Leggett Dynamics Logo Julien Rea Headshot |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 10:49
1mo ago
|
Dollar General: The Trade-In Thesis Still Intact | FMP Stock News | |
|
Original source text
Dollar General (DG) remains a buy as fundamentals improve, higher-income customer penetration grows, and valuation is attractive at 15x forward earnings. DG's latest quarter showed 3.4% net sales growth, positive traffic, broad-based category strength, and gross margin expansion to 31.6%. Value Valley continues to drive discretionary spending, with 18.4% SSSG, supporting the thesis of a structurally larger demand base. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 09:40
1mo ago
|
Do Options Traders Know Something About RH Stock We Don't? | FMP Stock News | |
|
Original source text
Investors in RH (RH - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $85.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think?Clearly, options traders are pricing in a big move for RH shares, but what is the fundamental picture for the company? Currently, RH is a Zacks Rank #4 (Sell) in the Consumer Products - Staples industry that ranks in the Bottom 36% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.01 per share to $1.50 in that period. Given the way analysts feel about RH right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 14:16
1mo ago
|
RH Stock Outlook Hinges on Tariffs, Housing and a Big Reset | FMP Stock News | |
|
Original source text
Key Takeaways RH's Q1 revenue fell 1.7%, with tariff-related sourcing issues delaying about $45M of revenue recognition.Adjusted EBITDA margin dropped to 7.1% as tariffs, softer sales and expansion costs pressured profitability.RH raised its 2026 outlook but faces housing-market softness, elevated debt and margin-recovery challenges. RH (RH - Free Report) is trying to protect a long-term luxury platform story while working through a difficult near-term setup. The first quarter of fiscal 2026 showed both sides of that debate.Revenues declined, margins compressed and debt remains elevated as of the first quarter of fiscal 2026. Still, management raised its current fiscal 2026 outlook, making execution the central issue for investors. RH Revenue Timing Has Become the Core StoryFirst-quarter fiscal 2026 revenues fell 1.7% year over year to $800.3 million. The decline was not only a demand issue. Backorder and special-order balances were approximately $75 million higher than a year earlier, largely due to tariff-related resourcing. That timing issue reduced reported revenues by about $45 million in the quarter. Management expects a similar elevated balance in the second quarter, with normalization by the end of 2026 and roughly $75 million of revenues pickup in the second half. RH Faces a Weak Luxury Housing CycleRH remains tied to housing turnover, remodeling activity and large project starts. When rates, affordability and confidence weigh on housing, demand for large-ticket luxury furnishings can slow and project conversion can take longer. Management continues to frame the current backdrop as a historically weak housing cycle and sees Europe as softer than the United States. That matters for RH because its Galleries, design services and large projects depend on customers being ready to furnish or renovate. Williams-Sonoma, Inc. (WSM - Free Report) also gives investors a home-furnishings comparison point through brands such as Pottery Barn and West Elm. Arhaus, Inc. (ARHS - Free Report) is another relevant premium furniture name because it competes for design-focused discretionary spending. RH Still Sees Long-Term Brand StrengthRH’s broader argument rests on brand elevation, immersive Galleries and a more design-led retail model. As of May 2, 2026, the company operated 75 RH Galleries, 43 RH Outlet stores, one RH Guesthouse, one RH Interior Design Studio and 14 Waterworks Showrooms. The platform story also includes hospitality integration, Sourcebooks, websites and design services. RH believes these elements can create a differentiated luxury experience that is hard to replicate online. RH Estates is another part of that reset. The initiative is designed to expand access to higher-end classic, contemporary and modern furnishings, while adding bespoke furniture and couture upholstery capabilities for designers and trade customers. Why RH Margins and Debt Stay in Focus?Adjusted EBITDA margin fell to 7.1% in the first quarter of fiscal 2026 from 13.1% in the prior-year period. Softer revenue recognition, tariff-related disruption and investment costs all weighed on profitability. Pre-opening and startup costs tied to international expansion remain a material drag. Management’s current fiscal-year outlook includes an approximate 270-basis-point adjusted EBITDA margin headwind from those costs, while the second-quarter fiscal 2026 outlook includes a 380-basis-point impact. The balance sheet adds another constraint. RH ended the first quarter of fiscal 2026 with cash and cash equivalents of $53.8 million and total debt of about $2.42 billion. Net interest expense of $52.7 million limits flexibility if the expected recovery takes longer to arrive. RH Signals a Cautious Stock SetupThe bottom line is that RH still has a differentiated luxury brand story, but the stock needs clearer evidence that backlog conversion, margin repair and housing stabilization are moving in the right direction. Management’s raised fiscal 2026 outlook calls for revenue growth of 4.5-8% and an adjusted EBITDA margin of 14.2-16%. RH currently carries a Zacks Rank #4 (Sell). Its Style Scores are a Value Score of B, Growth Score of C, Momentum Score of D and VGM Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Value Score of B and VGM Score of B suggest better relative characteristics on those measures. However, the current Zacks Rank of 4 and Momentum Score of D point to a cautious short-term setup, especially with estimate pressure and weak share momentum still part of the picture. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 14:20
1mo ago
|
RH is Chasing Luxury Growth as Tariffs Reshape the Playbook | FMP Stock News | |
|
Original source text
Key Takeaways Tariff-related sourcing shifts increased backorders and reduced reported Q1 revenue by about $45M.RH is expanding in Europe with new locations in Paris, Milan and London to build global brand reach.International expansion and strategic investments are pressuring margins as execution remains critical. RH (RH - Free Report) is navigating several shifts at once: tariff disruption, global sourcing changes, experiential retail, European expansion and digital upgrades. These trends are reshaping how the luxury home furnishings retailer manages growth.The challenge is that strategic change is arriving while housing demand remains weak and margins are under pressure. That makes execution, not just brand ambition, the key issue. How RH Tariffs Are Reshaping Sourcing DecisionsRH’s supply chain remains highly global. Based on fiscal 2025 purchases, 69% of its products were sourced from Asia, including 39% from Vietnam and 13% from China. Another 21% came from North America, 13% from the United States and 10% from Europe and other countries. That exposure makes tariffs a direct operating issue. Tariff-related resourcing lifted backorder and special-order balances by about $75 million year over year in the first quarter of fiscal 2026, reducing reported revenues by roughly $45 million. RH is responding with pricing actions, vendor diversification toward lower-duty jurisdictions and logistics rerouting. These are no longer temporary fixes. They are becoming part of the company’s playbook for managing costs, product availability and quarterly revenue timing. Why RH Keeps Betting on Experiential RetailRH continues to treat physical retail as central to its luxury model. Its Galleries, hospitality experiences, design services, websites and Sourcebooks are designed to work together rather than operate as separate channels. The company argues that luxury furniture remains a category where in-person engagement matters. Larger-format Galleries can display more of the assortment, support design services and create a brand experience that is harder to replicate online. Williams-Sonoma, Inc. (WSM - Free Report) offers investors another lens on the premium home category through brands such as Pottery Barn and West Elm. Arhaus, Inc. (ARHS - Free Report) is also relevant because it competes for design-led, discretionary furniture spending. Where RH Europe Expansion Could Change the StoryRH is pushing deeper into Europe through high-profile openings. RH Paris opened in September 2025, RH Milan opened in April 2026 and RH London is expected to open in June 2026. These locations are meant to build international brand equity and support a broader global luxury platform. Management views London as an important accelerator because of higher brand awareness and global visitation, while Paris and Milan serve as design and fashion halo markets. The trade-off is margin pressure. Pre-opening and startup costs tied to international expansion are expected to reduce adjusted EBITDA margin by about 270 basis points in fiscal 2026. How RH Digital Efforts Support the Luxury FunnelRH’s digital reimagination is not about replacing Galleries. It is about improving the path from discovery to design engagement. The company is upgrading The World of RH with better content, navigation and search. Internally, it is using design data and visuals to improve product ideation and presentation. The digital platform also supports RH Estates, which is rolling through Galleries and Sourcebooks. Better search, appointment generation and design tools could help customers navigate a wider assortment as RH expands into bespoke furniture and couture upholstery. How RH Scores Fit This Trend-Driven ThesisThe bottom line is that RH has a credible trend story, but investors still need to see these initiatives translate into steadier revenue conversion, margin recovery and cash generation. Tariffs, sourcing shifts and European expansion are changing the model, but they also add execution risk. RH currently carries a Zacks Rank #4 (Sell). Its Style Scores are a Value Score of B, Growth Score of C, Momentum Score of D and VGM Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Value Score of B and VGM Score of B point to some relative appeal, but the Momentum Score of D signals weak near-term price action. Combined with the Zacks Rank #4, the stock still leans defensive until RH shows that its strategic trends are becoming financial results. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 14:20
1mo ago
|
Is RH Stock a Buy Now or a Value Trap for Patient Investors? | FMP Stock News | |
|
Original source text
RH RH has become a test of patience after a sharp pullback in the shares. The brand still has luxury appeal, but the near-term investment case depends on whether earnings can stabilize. |
|||
|
Saved
2026-06-17 08:04
1mo ago
Published
2026-06-16 13:10
1mo ago
|
Duke Energy Foundation grants $77,500 to expand access to civic learning and remembrance across Florida | FMP Stock News | |
|
Original source text
, /PRNewswire/ -- As part of the final round of grants through the Duke Energy Foundation's America250 initiative, $77,500 is being distributed to seven nonprofit organizations across Florida that are working to expand access to civic learning and remembrance. Among other projects, these efforts include a youth civics competition, a reenactment of the Declaration of Independence signing and the revitalization of a memorial honoring the state's Medal of Honor recipients.Our view: "As a proud history major, I know firsthand the value of a well-rounded civics education," said Melissa Seixas, Duke Energy Florida state president. "The lessons of the past can be used every day, in every field, to help improve our communities and the world around us. I'm immensely grateful for the Duke Energy Foundation's support of organizations that have each made that important message part of their respective missions." High-impact investments: The Dunedin History Museum's Freedom in Focus: Florida's Legacy of Liberty exhibit – on display through Nov. 13 – invites visitors to explore the moments, ideas and documents that have shaped the nation and Florida's constitutional history, including interactive displays, interpretive panels and a guided timeline. The $20,000 grant from the Duke Energy Foundation also enabled the museum to launch a traveling Declaration of Independence signing project that will culminate in a special reenactment event on June 20. With $2,500 from the Duke Energy Foundation, the Duval Preservation Trust will open an immersive exhibit at the historic Duval-Metz House in Floral City to highlight the essential skills – from canoe carving to food gathering – that allowed the Seminole Tribe to adapt, survive and thrive in the Florida wilderness in the 1830s. The Florida Medal of Honor Memorial, leveraging $7,000 from the Duke Energy Foundation, recently beautified the memorial's .42-acre greenspace to ensure it remains a place of tranquility where members of the public can reflect on the sacrifices made by the state's 24 Medal of Honor recipients. A $15,000 award from the Duke Energy Foundation is helping the Marion County Board of County Commissioners host a series of events, including a gala, parade and fireworks display, in celebration of America250. The Osceola Chamber Foundation used $8,000 from the Duke Energy Foundation to put on the National Civics Bee, a regional civics competition for 6th, 7th and 8th graders from throughout Central Florida, in April. Three winners received cash prizes and advanced to the Florida state finals on June 30. To support its 5K Run & Walk in Orlando on Sept. 12, the Duke Energy Foundation granted the Tunnel to Towers Foundation $5,000. The funds will be used to facilitate the race, which pays homage to the firefighters, law enforcement officers and civilians who lost their lives on Sept. 11, 2001. A $20,000 grant from the Duke Energy Foundation to the University of Central Florida Research Foundation is helping sponsor WUCF's America250 programming, such as community events and original videos and podcasts that tell the story of Florida's role in the nation's founding. Positive response: Mike Borders, Florida Medal of Honor Memorial chairman: "The Florida Medal of Honor Memorial is proud to partner with Duke Energy in our effort to honor Florida's twenty-four incredible heroes – recipients of the Medal of Honor. The support from Duke Energy has helped us with our ADA compliance, education programs and Florida "native species" gardens. This is a great partnership and we are eternally grateful." Jennifer Cook, WUCF executive director: "By honoring and elevating the voices that shape our region, we are creating intergenerational initiatives that invite Floridians of all ages to discover our shared history. Duke Energy's partnership allows WUCF to expand this work across the Sunshine State, giving families access to trusted content and community-based experiences. Together, we will ensure the legacy of America250 resonates with Floridians for generations to come." Danela Gutierrez, Dunedin History Museum operations manager: "Just as energy has powered our homes and businesses for generations, civic engagement and education power the future of our community. Partnering with Duke Energy on Freedom in Focus: Florida's Legacy of Liberty for America250 reflects a shared commitment to keeping our community strong by connecting residents to both their history and their role in shaping what comes next." Beth Kingston, Tunnel to Towers Foundation grant writer: "As we mark 250 years since the signing of the Declaration of Independence and 25 years since 9/11 – a reverent milestone that honors our heroes and the enduring promise to never forget – Tunnel to Towers remains steadfast in its programming that serves those who protect our independence. This is only possible with help from our generous supporters like Duke Energy who share our mission to honor our nation's heroes and their families." Vaughn McIntire, Duval Preservation Trust Seminole exhibit project lead: "We are a volunteer-led historical property and therefore dependent upon generous partners like Duke Energy to make our displays open for the public to enjoy and learn about Floral City's rich history." John Newstreet, Osceola Chamber president and CEO: "Duke Energy's support was needed to reach students beyond county lines and expand awareness of the National Civics Bee and the importance of civic engagement as the United States celebrates its 250th birthday. The Osceola Chamber's tagline is 'business works better together,' and Duke Energy's involvement helped take this event and its impact to the next level." Carl Zalak III, Marion County Board of County Commissioners chairman: "Duke Energy's commitment to investing in communities extends far beyond infrastructure and service – it reflects a genuine dedication to education, civic engagement, historical preservation and community enrichment. Their partnership will allow us to create meaningful opportunities for residents to connect with our shared heritage while honoring the ideals that have guided our nation for 250 years." Bigger picture: These grants represent the third round of funds awarded under the Duke Energy Foundation's America250 initiative, a more than $1 million investment in community‑driven projects throughout the company's six-state service area to recognize America's 250th anniversary. In Florida, the awards totaled $150,000, including $22,500 to help strengthen Florida communities and $50,000 to honor and support the state's veterans. Duke Energy Foundation The Duke Energy Foundation provides nearly $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders. Duke Energy Florida Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida. Duke Energy Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky. Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs. More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities. Contact: Aly Raschid 24-Hour: 800.559.3853 X: @DE_AlyRaschid SOURCE Duke Energy |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 08:00
1mo ago
|
BigCommerce Earns 2026 Top Rated Award From TrustRadius | FMP Stock News | |
|
Original source text
AUSTIN, Texas, June 16, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem and the parent company of BigCommerce, today announced that TrustRadius, an HG Insights Company, has recognized BigCommerce with a 2026 Top Rated Award.With a trScore of 7.8 out of 10 and over 700 verified reviews, BigCommerce is recognized by their customer reviews as a top player in the ecommerce software category. “This recognition reflects the success of our customers and the trust they place in BigCommerce as a partner in their growth,” said Ryan Means, senior vice president of global services at Commerce, the parent company of BigCommerce. “Because these awards are based entirely on customer feedback, they serve as a powerful validation that we're helping merchants achieve their goals through a combination of innovative technology, strong support and a platform built to scale with their business.” Since 2016, the TrustRadius Top Rated Awards have become the B2B’s industry standard for unbiased recognition of excellent technology products. Based entirely on customer feedback, they have never been influenced by analyst opinion or status as a TrustRadius customer. Here is a detailed criteria breakdown of the methodology and scoring that TrustRadius uses to determine Top Rated winners. “Earning a Top Rated award on TrustRadius is a reflection of how well a product is meeting the needs of its customers,” said Rajat Bhatnagar, senior vice president of growth at HG Insights. “BigCommerce winning in ecommerce tells you what merchants actually care about. Customers point to multi-brand storefront management from one platform, solid catalog handling for large inventories, and B2B and SEO tools that don’t require constant workarounds. Congrats to the BigCommerce team.” Hear from verified users on how much they value BigCommerce : "Since migrating from Wix, sales are up 500%. BigCommerce provides us a consistent platform to house various brand sites, and their robust ecommerce tools make selling on the platform a breeze." — Bart Krause, Head of Digital Strategy, Pharma Supply Inc. "Switching to BigCommerce saved me a ton of time from constantly having to update for security. Less hassle compared to Magento — more B2B features compared to Shopify." — Tyler Jensen, Director of Technology, Marshall Wolf Automation View more BigCommerce reviews or leave your own here: https://www.trustradius.com/products/bigcommerce/reviews About Commerce Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit www.commerce.com or follow us on X and LinkedIn. About TrustRadius: TrustRadius, an HG Insights Company, is a buyer intelligence platform for business technology. Through comprehensive product information, in-depth customer insights, and peer reviews, buyers are enabled to make confident decisions. TrustRadius also empowers technology brands to capture and activate the authentic voice of customers, which improves products, buyer trust, and engagement with in-market buyers. TrustRadius was acquired by HG Insights in June 2025. Media Contact: Brad Hem [email protected] |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 06:31
1mo ago
|
Analyst upgrades Palantir stock price target for next 12 months | FMP Stock News | |
|
Original source text
Early on Tuesday, June 16, Wolfe Research analyst Alex Zukin announced that his firm decided to upgrade its recommendation for the software giant Palantir (NASDAQ: PLTR) stock from the previous ‘Underperform’ – ‘Sell’ – rating.According to the Wall Street expert, the firm boasts the best product-market fit among its peers and one of the fastest and largest growth rates in its industry. Zukin highlighted Palantir’s business strength despite the relatively low customer and employee counts, while also highlighting that the recent figures support Wolfe Research’s base case revenue compound annual growth rate (CAGR) of 39% for fiscal years from 2026 to 2029, and the 55% in its ‘upside model.’ Furthermore, the analyst cited Ontology – the core operating system and semantic layer – as the software firm’s ‘secret sauce.’ Still, Alex Zukin also noted that the new rating does not indicate his firm sees Palantir as ‘too big to fail,’ but as ‘too big to ignore,’ thus justifying the upgrade to ‘Peerperform’ – ‘Hold’ – rather than to ‘Buy.’ Wolfe Research did not issue a 12-month price target on June 16. Wall Street sets Palantir stock price for the next 12 months Elsewhere, despite PLTR stock’s woes in the 2026 market, the equity boasts a bullish overall ‘Moderate Buy’ rating and an average $185.35 forecast for a 37.59% upside on the equity analysis platform TipRanks. Wall Street sets Palantir stock price for the next 12 months. Source: TipRanks Looking at the extremes, the price target provided by Bank of America’s (NYSE: BAC) Mariana Perez Mora on June 8 represents the Street high as it foresees the software giant rising to $255. On the other end of the spectrum, Brent Thill of Jefferies estimated that PLTR shares are a ‘Sell’ on May 5, and predicted the equity would crash to $70. 2026 Palantir stock price chart Meanwhile, Palantir stock recorded substantial volatility since 2026 started and is, despite multiple stark rallies, 19.75% in the red year-to-date (YTD) at $134.71. Palantir stock price YTD chart. Source: Google Notably, the company largely evaded the broader big tech upswing between late March and late May, but was, nonetheless, affected by the wider June sell-off, falling roughly 16% since the month started. Still, the most recent turn was highly positive for Palantir stock as it soared 5.25% in the last session, and 0.31% in the Tuesday pre-market. Featured image via Shutterstock Best Crypto Exchange for Intermediate Traders and Investors Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees. Copy top-performing traders in real time, automatically. eToro USA is registered with FINRA for securities trading. 30+ million Users worldwide eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer! |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 08:17
1mo ago
|
Palantir: Sideways Action Was The Setup, Not The AI Story | FMP Stock News | |
|
Original source text
Palantir remains at the forefront of the AI revolution despite recent stock consolidation and a 23% decline since my last coverage. I maintain a buy rating on PLTR, as multi-year tailwinds from the global AI and big data markets continue to support the investment thesis. Current valuation is justified if growth expectations materialize, though risks include bearish AI sentiment and slower-than-anticipated guidance. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 10:42
1mo ago
|
Palantir in 2026: Can the AI Momentum Stock Keep Climbing? | FMP Stock News | |
|
Original source text
Few names embody the AI infrastructure trade like Palantir (NASDAQ:PLTR | PLTR Price Prediction). After a blistering 2025, the stock has cooled in 2026 even as fundamentals accelerated.That gap between price action and operating momentum is exactly where our model finds opportunity. Our 24/7 Wall St. price target for Palantir is $162.13, implying 20.36% upside from $134.71. We rate shares a buy with 90% confidence. Metric Value Current Price $134.71 24/7 Wall St. Price Target $162.13 Upside 20.36% Recommendation BUY Confidence Level 90% How Palantir Got Here: Beats, Raises, and a YTD Pullback PLTR is down 24.21% year to date and sits 12% below its 52-week high of $207.52, with the 52-week low at $122.68. Operating fundamentals tell a different story. In Q1 2026, Palantir delivered adjusted EPS of $0.33 versus a $0.2795 consensus on revenue of $1.632 billion, up 84.7% year over year, the highest growth rate in company history. U.S. commercial revenue surged 133% to $595 million, and management raised full-year guidance to roughly 71% growth, a 10-point jump from prior guidance. The recent narrative has been more cautious. PLTR fell 3.08% on June 12 after a blocked £50 million UK Metropolitan Police contract and renewed scrutiny of an NHS deal. Michael Burry’s critique calling PLTR “a sand castle supported only by AI applications narrative” dominated Reddit’s r/stocks on June 4–5. Shares rebounded 5.25% on June 15. The Case for $200+: Why Bulls See a Breakout Bulls anchor on what CEO Alex Karp called shattering the Rule of 40, “a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix.” U.S. revenue grew 104% and net dollar retention hit 150%. U.S. commercial remaining deal value of $4.92 billion (up 112%) provides multi-quarter forward visibility, and Maven Smart System usage quadrupled over 12 months. Our bull case lands at $202.67, a 50.45% return, aligned with the Street high. Wolfe Research upgraded Palantir to Peer Perform from Underperform without a price target after resuming coverage of the name. The Risks Worth Watching Valuation is the obvious tension. PLTR trades at a P/E of 190, FCF yield of 0.68%, and forward earnings multiple in the triple digits. Insider activity is concerning on the surface: directors Karp, Cohen, and Sankar collectively disposed of more than 880,000 shares on May 20 alone. The counterfactual matters here. Those sales coincided with RSU-to-Class B conversions and represent compensation-related liquidity. Four directors then acquired shares on June 4. UK regulatory friction and termination-for-convenience clauses remain real risks. Our bear case puts PLTR at $146.61, still positive given the growth runway. Palantir Price Prediction 2026-2030 The 24/7 Wall St. price target of $162.13 reflects a real opportunity created by the YTD drawdown against accelerating fundamentals. Rule of 40 at 145% and a Q1 2026 free cash flow margin of 57% tip the scale. The bull thesis holds if U.S. commercial growth stays above 100% through Q3. The thesis weakens if government contract cancellations spread beyond the UK or guidance flatlines next quarter. Looking further ahead, here is where our model projects Palantir could trade, extrapolating from our base case 11.98% annualized return through 2031. Year 24/7 Wall St. Price Target 2026 $162.13 2027 $181.55 2028 $203.30 2029 $227.66 2030 $254.93 These projections assume Palantir continues converting AIP momentum into commercial wins at its current pace. Meaningful upside or downside could result from major DoD program expansions, an AI infrastructure spending pullback, or further regulatory action on government contracts. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 11:28
1mo ago
|
Palantir falls 3%: Why are analysts still bullish on the stock? | FMP Stock News | |
|
Original source text
Palantir Technologies PLTR shares fell on Tuesday despite receiving fresh support from Wall Street analysts who remain optimistic about the company's long-term position in the artificial intelligence software market.The stock declined about 3% during trading, reversing part of the strong gains recorded in the previous session. However, several analysts maintained positive views on the company, citing its expanding enterprise AI business, strong growth metrics, and significant market opportunity. The latest bullish commentary came from Wolfe Research analyst Alex Zukin, who upgraded Palantir to Hold and assigned a $207 price target. The target suggests additional upside from current levels and aligns with broader market expectations that the company can continue benefiting from growing AI adoption. Zukin argued that Palantir has established itself as a leading enterprise AI software provider through products including Artificial Intelligence Platform (AIP), Foundry, Gotham, and its network of AI-focused forward-deployed engineers. A central part of the investment thesis remains Palantir's Ontology framework, which Wolfe described as the company's competitive differentiator. The firm called Ontology the company's "secret sauce," describing it as a proprietary layer that helps organize enterprise data, workflows, and business relationships in a way that allows AI systems to operate with greater business context. According to Wolfe, Palantir has evolved beyond its origins as a custom software provider into one of the most significant enterprise AI platforms available today. While acknowledging that the company is not "Too Big to Fail," the brokerage said Palantir is "Too Big to Ignore." Growth metrics remain a key attractionAnalysts also pointed to several operating metrics that continue to support the bullish case. Zukin highlighted net revenue retention of approximately 150%, revenue growth of 85% year over year, and backlog growth of 97% year over year. These results have been achieved with a relatively small customer base of roughly 1,000 clients and a workforce of about 4,000 employees. Wolfe estimates that Palantir's total addressable market could reach approximately $385 billion across more than 100,000 enterprise customers globally. The firm's base-case forecast calls for revenue to grow at a compound annual growth rate of 39% between fiscal 2026 and fiscal 2029. In a more optimistic scenario, revenue growth could reach 55% annually during that period. Average revenue per customer has also continued to expand, rising 40% year over year. Analysts believe these figures demonstrate that Palantir remains in the early stages of penetrating a potentially large enterprise AI market. Competition and valuation remain concernsDespite the strong growth outlook, analysts continue to highlight risks. Zukin noted that Palantir trades at roughly 30 times projected 2027 revenue and approximately 65 times earnings, valuations that remain significantly above many software peers. The company is also facing increasing competition as major AI firms expand their enterprise offerings. Investor discussions with management have frequently centered on whether Palantir can maintain its competitive advantage as companies including OpenAI, Anthropic, and Databricks build deployment teams and develop business-context layers that resemble elements of Palantir's Ontology platform. Palantir has responded by emphasizing the complexity of its operating system and arguing that its capabilities extend far beyond deploying large language models and processing enterprise data. The company's profitability remains another point of differentiation. Palantir reported an 84% gross profit margin, a figure management says reflects both pricing power and the strength of its competitive position. Separately, UBS reiterated its Buy rating on Palantir with a $200 price target, maintaining confidence in the company's long-term growth prospects despite recent stock-price volatility and investor concerns about intensifying competition in the AI sector. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 12:40
1mo ago
|
Palantir Is Down 26% in 2026 Despite a High-Conviction Upgrade. Is the Bottom Finally In? | FMP Stock News | |
|
Original source text
© Shutterstock / Piotr SwatPalantir (NASDAQ:PLTR | PLTR Price Prediction) stock is sliding again Tuesday, down 3% at midday to $130 and change, even as a notable Wall Street rating change tries to pull the narrative the other way. The drop extends a brutal run that has Palantir stock down 26% in 2026. The catalyst getting attention today: Wolfe Research upgraded Palantir to “Peer Perform” from “Underperform,” resuming coverage of one of the most polarizing names in enterprise AI. It’s an important reversal of a bearish stance, but it isn’t a Buy call. That tension is the story. The bull case argues that the steep drawdown has reset expectations on a best-in-class operator. The bear case notes that Wolfe itself isn’t pounding the table, and PLTR stock is still falling on the day the upgrade was announced. Wolfe Lifts Its Bearish Call With Limited Conviction Wolfe Research’s qualitative read on the business is strikingly positive. The firm believes Palantir’s Artificial Intelligence Platform (AIP), ontology, and forward deployed engineers prove the company can turn AI interest into “scaled enterprise adoption.” Wolfe went further, calling Palantir the best product-market fit of any enterprise software company in the market today, and tagging it as the most applied enterprise AI software company, with the largest and fastest growth rates in the industry. Those are unusually strong characterizations from a firm that had been bearish on the name. The catch is the company’s valuation. Wolfe said Palantir’s current valuation already reflects much of its improved growth and margin outlook, which is why the rating tops out at neutral. Wolfe issued no Palantir stock price target, a meaningful tell about conviction. Fundamentals Are Still Running Hot The disconnect between PLTR stock and Palantir’s operating numbers is what makes the “bottom” debate worth having. Palantir’s Q1 2026 revenue grew 85% year over year (YoY) to $1.63 billion, with U.S. commercial revenue up 133%. Moreover, Palantir’s management raised the company’s full-year 2026 revenue guidance to $7.65 to $7.66 billion. CEO Alex Karp asserted, “Palantir’s Rule of 40 score has soared to 145%… we are raising our full-year revenue guidance to 71% growth.” However, the multiples remain demanding. Palantir stock carries a trailing P/E ratio of 142x and a forward P/E ratio of 88x, with a price-to-sales ratio near 59x. That’s the valuation caveat Wolfe flagged, in numerical terms. Prediction Markets and Sentiment Are Cooler If anyone needs a real-time gut check on the “is the bottom in” question, the prediction markets aren’t buying it yet. Polymarket traders pegged the probability of a down day for Palantir today at 0.971. For Palantir stock in June, the modal outcome is a touch of $126 at 65% probability, with the upside tail to $168 or higher sitting near 5%. Insider activity is mixed too, with concentrated selling from senior executives on May 20 at prices in the $132 to $137 range. What to Watch Next The setup is genuinely two-sided. Palantir shares are well off the 52-week high of $207.52 and now trade below the 200-day moving average of $160.42, which the bulls can read as a reset and the bears can interpret as a broken trend. The next scheduled catalyst is the Q3 2026 earnings report, expected August 3. Until then, follow-through on the Wolfe upgrade, any commentary from other research desks, and whether PLTR stock can hold the recent lows will shape the stock’s near-term direction. Investors might consider watching for confirmation rather than chasing. Given the elevated multiples and the fact that even Palantir’s newest convert at Wolfe only went neutral, position sizing should stay modest on either side of the trade. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 14:57
1mo ago
|
Palantir - There Are Some Fairly Valued AI Stocks | FMP Stock News | |
|
Original source text
Palantir (PLTR) delivered a blowout Q1 2026, with 104% YoY US revenue growth and $1.28 billion in quarterly revenue. PLTR's scalable AI-driven platform is driving both commercial and government adoption, supporting 133% YoY commercial revenue growth and expanding multi-year contracts. Adjusted FCF margin surged to 57%, with $8 billion in cash and no debt, reflecting robust financial health and operational leverage. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 15:00
1mo ago
|
Bull v. Bear: PLTR Beatdown Over? Valuation Remains Key Question | FMP Stock News | |
|
Original source text
"Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 18:45
1mo ago
|
Here's Why Palantir Technologies Inc. (PLTR) Fell More Than Broader Market | FMP Stock News | |
|
Original source text
Palantir Technologies Inc. (PLTR - Free Report) closed the most recent trading day at $133.25, moving -1.08% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.The company's shares have seen a decrease of 0.32% over the last month, not keeping up with the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%. The upcoming earnings release of Palantir Technologies Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.35, signifying a 118.75% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.81 billion, indicating a 79.96% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.49 per share and a revenue of $7.69 billion, signifying shifts of +98.67% and +71.77%, respectively, from the last year. Investors should also note any recent changes to analyst estimates for Palantir Technologies Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Palantir Technologies Inc. is carrying a Zacks Rank of #2 (Buy). In the context of valuation, Palantir Technologies Inc. is at present trading with a Forward P/E ratio of 90.46. This indicates a premium in contrast to its industry's Forward P/E of 18.65. It is also worth noting that PLTR currently has a PEG ratio of 1.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.05 as trading concluded yesterday. The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 39% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 10:51
1mo ago
|
Here's Why Unity Software Inc. (U) is a Strong Momentum Stock | FMP Stock News | |
|
Original source text
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. The Style Scores are broken down into four categories: Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time. Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey. That's where the Style Scores come in. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Unity Software Inc. (U - Free Report) Unity Software Inc. provides a platform to develop, deploy and grow games and interactive 3D experiences across mobile, PC, console and extended reality. Its software supports creators through the full content lifecycle, including prototyping, real-time rendering, live operations, user acquisition and monetization. San Francisco, CA-based Unity markets solutions globally through direct and indirect channels with field sales in North America, China, France, the United Kingdom, Israel, Japan and South Korea. U is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Momentum investors should take note of this Computer and Technology stock. U has a Momentum Style Score of B, and shares are up 6.3% over the past four weeks. Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.04 to $1.03 per share. U also boasts an average earnings surprise of +7.4%. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, U should be on investors' short list. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 06:00
1mo ago
|
Uber, Lyft sell virtually identical rides at vastly different prices, offer fake discounts using AI-driven pricing: bombshell investigation | FMP Stock News | |
|
Original source text
Uber and Lyft have been using black-box, AI-driven pricing tactics to sell virtually identical rides at vastly different price points – and even offer fake discounts to entice customers, a stunning new investigation revealed.In tests conducted for select routes across 17 states in March and April 2026, the median price difference between the lowest and highest fares for rides ordered at nearly the exact same time was a whopping 50%, according to a Consumer Reports investigation published Tuesday. The two most popular ride-hailing apps in the US also frequently woo customers with promotions – but nearly 11% of all discounts on Uber and Lyft appear to be fake, because they’re based on falsely inflated prices, according to the nonprofit research and advocacy group. Uber and Lyft leverage black-box, AI-driven pricing tactics to sell virtually identical rides at vastly different price points, according to a new investigation. eqroy – stock.adobe.com The rise of dynamic pricing – when companies adjust prices in real time to reflect supply and demand – has outraged consumers at least since last year’s publication of a bombshell Consumer Reports study on Instacart. The company faced such heated backlash that it eventually reversed its dynamic-pricing model, which was nickel-and-diming shoppers by charging different prices to different customers on the same grocery items in the same supermarkets based on demand. Consumer Reports said Tuesday that it appears Uber and Lyft’s methods go beyond dynamic pricing, “because volunteers booked identical rides within a few minutes of one another and, in many cases, within the same minute.” Volunteers remotely placed orders for the same rides, setting identical starting locations and destinations at around the same time. Some of the tests were also placed by volunteers who waited in-person for the rides. Uber argued that it is impossible to ensure that volunteers placed their orders at the exact same time, since price changes take place “nearly every second.” Lyft said that prices might have been artificially inflated during experiments by having so many volunteers place orders at the same time. Both companies denied using fake discounts, also known as fictitious pricing. In New York City, fares for a 30-minute Uber ride from Chinatown to Long Island City varied substantially. Consumer Reports In New York City, a 30-minute Uber ride from Manhattan’s Chinatown to Long Island City ordered at the same time showed three customers’ fares as less than $40; seven others’ prices as between $40 and $47; 17 shoppers’ fares ranged from $47.94 to $47.96; and two more prices came to $49 and $50. Price variations were at times especially painful in the Big Apple – with one NYC route generating a price spread of 152%, far above the 50% median, the report said. “People expect prices to change when demand spikes,” Consumer Reports CEO Phil Radford said. “What they don’t expect is for two customers taking the same ride at the same time to be charged very different amounts, or to be shown discounts that may not be discounts at all.” “The solution is straightforward: Companies should be required to clearly explain how prices are set and ensure that advertised discounts are genuine, so people can comparison shop and know they’re being treated fairly.” Uber said it is impossible to ensure that volunteers placed their orders at the exact same time. Christopher Sadowski Both companies have said they do not use personal information to set prices – except for promotions and discounts. A volunteer named Tessa saw an UberX ride priced at $65.95, with a higher price of $82.08 crossed out and a banner that read, “Fares lower than usual.” But when Chuck, another volunteer, opened his app and looked at the same route, he saw a $65.95 fare – with no discount. Forty other riders saw non-discounted prices ranging from $65.93 to $65.99 – meaning $65.95 was actually the normal starting price, and the discount was fake, according to the report. Tessa’s $65.95 “discounted” fare appeared to be a fake promotion, according to the investigation. Consumer Reports An Uber spokesperson pushed back on that characterization, saying crossed-out prices with phrases like “Fares lower than usual” aren’t actual discounts, but are merely pointing out “historical comparisons.” Nearly all of the investigation’s 175 volunteers “were concerned about their personal data being used for discounts,” said Derek Kravitz, the lead investigator on the report. “They want to know why, they want to know when it’s happening, they want to know the factors that go into it, and they want to know what to do about it – and they don’t have any of that information at their disposal,” Kravitz told The Post. Both ride-hailing apps have seen their profits explode since pivoting to algorithmic pricing. Roman Tiraspolsky – stock.adobe.com Since pivoting to algorithmic pricing around 2016, both apps have seen their profits explode – while cutting back on the share of fares that go to drivers, according to the investigation. In September 2022, Uber started increasing passenger prices and lowering driver pay, according to Consumer Reports. By the end of 2024, it was taking 42% of ride fares for itself – up from 32% just two years prior. From 2019 to 2025, Uber’s profits nearly quadrupled – hitting $7.9 billion, up from almost $2.1 billion, according to the company’s annual reports. Lyft similarly went from a loss of $679 million in 2019 to a profit of nearly $529 million in 2025. “A lot of companies have figured out, well, base pricing – we don’t want to personalize that too much,” Kravitz told The Post. “We don’t want to run afoul of consumer protection laws … so we’re going to personalize promotions and discounts … and the net effect is that people are paying more for rides than they were just a few years ago.” According to Uber and Lyft, rider demand, supply of available drivers, location, time, estimated trip time and distance, weather, promotional offers and traffic patterns all play a part in prices. “We do not engage in surveillance pricing. Period. But we recognize our pricing model can be opaque, and I want to add transparency to our process,” Sid Patil, executive vice president of Rideshare at Lyft, said in a statement. “Our pricing model reflects marketplace dynamics, which includes driver availability, demand, and time of day. This is not an effort to charge individuals differently. Our base marketplace price is consistent across accounts, and our applied discounts are real.” But it appears it wouldn’t be too difficult for the companies to get their hands on demographic information, according to the investigation. Uber patents show the company can determine that someone who frequently requests an Uber to a day care center before heading to a workplace or university is likely a single working parent, for example, as well as the rough ages of their children, the investigation said. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 06:01
1mo ago
|
The same ride on Uber and Lyft, 29 different prices: What researchers found when they tested the apps | FMP Stock News | |
|
Original source text
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.A Consumer Reports study found that Uber and Lyft can charge users different prices, even when they request rides at the same time. ROBYN BECK/AFP via Getty Images Not everyone sees the same prices on Uber and Lyft, according to a new study. The rideshare apps appear to price trips differently — even when riders request the same route at the same exact minute, a new investigation from Consumer Reports found. The results, published Tuesday, show "that Uber and Lyft use AI to routinely charge different customers significantly different prices," according to a summary of the report. While some trip requests only resulted in a few different price offerings, others varied much more. In some cases, the differences between the highest and lowest price groups were 50%. "One route in Kansas City, Missouri, generated 29 different prices for 55 potential customers for the same ride at the same time," Consumer Reports said. For the investigation, Consumer Reports virtually requested rides for 30 routes around the US. The publication also recruited volunteers to request rides at the same time in-person in Portland, Oregon. Another test, conducted in the Phoenix area, saw prices for a ride on Uber range from $41.21 to $56.96 after accounting for discounts — a difference of about 38%. Consumer Reports observed the prices among 18 volunteers, each of whom requested the same ride at the same minute. Dynamic pricing is becoming more common on purchases from Big Macs for delivery to clothing at Old Navy. Companies, including Uber and Lyft, have said that they change prices for goods and services based on supply and demand, like requesting a ride to the airport on the Wednesday before Thanksgiving, for instance. Consumer Reports said that its investigation controlled for differences in time and place by requesting rides on Uber and Lyft in the same place and at the same time, and prices still varied widely. That, the report reads, calls into question "whether the price differences observed are based only on market forces." Consumer Reports did not say what accounted for the differences in fares documented in its investigation. Uber and Lyft said that they use a variety of factors to price rides. Lyft's privacy policy gives some examples, Consumer Reports said: The company might infer riders' gender based on their name or assume that they're frequent travelers if they often request rides to or from an airport. Lyft said it doesn't "group" customers together, and Uber said it doesn't consider "protected characteristics," such as race or disability. Uber and Lyft challenged the findings in the report, saying that the tests might have inflated demand, according to Consumer Reports. Prices also change every second, making it "impossible" to compare fares, an Uber spokesperson told Consumer Reports. "In an open, dynamic marketplace like ours, with nearly 1.7 million mobility and delivery trips per hour, a trip is defined just as much by when it is requested and what's happening nearby as where it is going," the spokesperson said. Uber and Lyft did not respond to an additional request for comment from Business Insider. Besides encountering a variety of prices, Consumer Reports also found that, about half of the time, Uber and Lyft offer customers what look like discounted ride fares, complete with lower prices replacing higher, struck-through ones and messages like "Fares lower than usual." About 11% of those discounts were based on what "appeared to be inflated original prices," Consumer Reports found. Uber and Lyft said that the struck-out amounts weren't discounts but reflected past prices for the rides. An Uber spokesperson called them "historical comparison messaging." "A reasonable consumer would conclude that those are discounts, regardless of the semantic distinction that Uber and Lyft claim," said Derek Kravitz, an investigative reporter at Consumer Reports who wrote the report. Do you have a story to share about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely. Read next Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501. Uber Lyft |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 17:24
1mo ago
|
Uber Vs. Lyft: Who Stands Strongest Entering The Autonomous Era | FMP Stock News | |
|
Original source text
Uber Technologies, Inc. and Lyft, Inc. both merit Buy ratings, with Uber favored for its scale, diversification, and AV transition positioning. UBER's global reach, diversified revenue, and robust free cash flow (~$10B TTM) provide significant strategic and financial advantages versus LYFT. LYFT's U.S. concentration (95% of revenue) exposes it to AV disruption risk, but its low valuation (adj. P/FCF ~7.2) reflects this. |
|||
|
Saved
2026-06-17 08:03
1mo ago
Published
2026-06-16 15:21
1mo ago
|
Can BMY's Camzyos Strengthen Its Cardiovascular Portfolio? | FMP Stock News | |
|
Original source text
Key Takeaways FDA granted Priority Review to BMY's Camzyos filing for adolescents with symptomatic oHCM.Camzyos generated $314 million in Q1 sales, supported by growing demand and patient adoption.Bristol Myers seeks growth from Camzyos as patent expirations pressure legacy drug revenues. Bristol Myers Squibb (BMY - Free Report) is banking on label expansion of existing drugs and approval of new drugs to further propel its growth portfolio.Camzyos (mavacamten) is one of the key drugs of this product portfolio. The drug is currently approved in the United States for adults with symptomatic New York Heart Association (“NYHA”) class II-III obstructive hypertrophic cardiomyopathy (oHCM) to improve symptoms and functional capacity. The drug continued to gain traction in the targeted market in the first quarter, supported by growing demand and increased adoption among eligible patients. Sales of the drug totaled $314 million in the first quarter. Earlier this month, the FDA accepted BMY’s supplemental new drug application (sNDA) seeking approval of Camzyos for the treatment of adolescents aged 12 to under 18 years with symptomatic oHCM. The FDA granted Priority Review to the application with a target action date of Sept. 30, 2026. If approved, Camzyos would become the first cardiac myosin inhibitor available for adolescents with oHCM and expand the drug's addressable market beyond adults. For Bristol Myers, continued growth from Camzyos is particularly important as the company works to offset revenue pressures from patent expirations affecting the legacy drugs. BMY’s cardiovascular portfolio also comprises blood thinner medicine Eliquis, for which BMY has a worldwide co-development and co-commercialization agreement with pharma giant Pfizer. Eliquis is one of the biggest contributors to the top line. However, BMY’s cardiovascular portfolio suffered a hit in late 2025 after the company decided to discontinue the late-stage Librexia study on cardiovascular candidate milvexian, an investigational oral, highly selective factor XIa (FXIa) inhibitor. BMY and partner Johnson & Johnson (JNJ - Free Report) were evaluating the efficacy and safety of pipeline candidate milvexian when added to the standard of care (conventional antiplatelet therapy) for patients after a recent acute coronary syndrome (ACS) event. Both companies decided to discontinue the phase III Librexia ACS study following a preplanned interim analysis by the Independent Data Monitoring Committee (“IDMC”), which determined that the study is unlikely to meet the primary efficacy endpoint. The IDMC advised that the two other late-stage studies — Librexia AF for atrial fibrillation (AF) and Librexia STROKE for secondary stroke prevention (SSP) — should proceed as planned. Top-line data from these studies is expected in 2026. Competition for BMY’s Cardiovascular DrugsIn December 2025, Cytokinetics (CYTK - Free Report) obtained FDA approval for aficamten for the treatment of patients with obstructive HCM in the United States, under the brand name Myqorzo. This marks the company’s first FDA-approved product, transforming Cytokinetics from a development-stage biotech into a commercial-stage company. The approval of Myqorzo is a significant boost for CYTK, given the market potential for the oHCM market. JNJ’s Xarelto is also a Factor Xa inhibitor, similar to Eliquis. However, JNJ is facing patent challenges for Xarelto in the United States. JNJ co-developed Xarelto with Bayer AG. BMY’s Price Performance, Valuation & EstimatesShares of Bristol Myers have gained 4.3% year to date against the industry’s decline of 1.3%. Image Source: Zacks Investment Research From a valuation standpoint, BMY is trading at a discount to the large-cap pharma industry. Going by the price/earnings ratio, shares currently trade at 9.07X forward earnings, higher than its mean of 8.59X but lower than the large-cap pharma industry’s 17.79X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2026 EPS has moved north to $6.32 from $6.29 in the past 60 days, while that for 2027 has moved south to $6.05 from $6.08 in the same time frame. Image Source: Zacks Investment Research |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 10:40
1mo ago
|
Are Retail-Wholesale Stocks Lagging Etsy (ETSY) This Year? | FMP Stock News | |
|
Original source text
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Etsy (ETSY - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Etsy is one of 189 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Etsy is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for ETSY's full-year earnings has moved 21.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that ETSY has returned about 30.2% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 1.7%. This shows that Etsy is outperforming its peers so far this year. Sonic Automotive (SAH - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.3%. Over the past three months, Sonic Automotive's consensus EPS estimate for the current year has increased 2.2%. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Etsy belongs to the Internet - Commerce industry, a group that includes 33 individual companies and currently sits at #109 in the Zacks Industry Rank. On average, stocks in this group have lost 1.2% this year, meaning that ETSY is performing better in terms of year-to-date returns. In contrast, Sonic Automotive falls under the Automotive - Retail and Whole Sales industry. Currently, this industry has 9 stocks and is ranked #167. Since the beginning of the year, the industry has moved +2.3%. Investors with an interest in Retail-Wholesale stocks should continue to track Etsy and Sonic Automotive. These stocks will be looking to continue their solid performance. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 10:51
1mo ago
|
Here's Why Etsy (ETSY) is a Strong Momentum Stock | FMP Stock News | |
|
Original source text
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform. The Style Scores are broken down into four categories: Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time. Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. #1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio. That's where the Style Scores come in. To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank. For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Etsy (ETSY - Free Report) Etsy operates as a leading e-commerce service provider, managing a two-sided marketplace platform at Etsy.com that connects creative entrepreneurs with buyers seeking unique, handmade, and vintage items. The company has established a strong international presence, with core operations spanning the United States, United Kingdom, Canada, Germany, Australia, and France. ETSY is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B. Momentum investors should take note of this Retail-Wholesale stock. ETSY has a Momentum Style Score of B, and shares are up 22.7% over the past four weeks. Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $2.24 to $5.65 per share. ETSY also boasts an average earnings surprise of +3.9%. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ETSY should be on investors' short list. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 09:56
1mo ago
|
Is Albemarle Better Positioned After Its Deleveraging Actions? | FMP Stock News | |
|
Original source text
Key Takeaways Albemarle paid down $1.3B of debt, cutting annual interest expense by about $60M.Albemarle reduced long-term debt to $1.81B and ended Q1 with 1x net debt-to-EBITDA.ALB has roughly $2.7B in liquidity, with no major debt maturities due until late 2028. Albemarle Corporation (ALB - Free Report) remains committed to paying down debt and strengthening its balance sheet. The company paid down $1.3 billion of outstanding debt in March 2026, reducing annual interest expense by roughly $60 million. This followed the successful divestments of the controlling stake in Ketjen and its 50% interest in the Eurecat joint venture, which together generated $670 million in pre-tax proceeds.ALB’s long-term debt was $1.81 billion at the quarter-end, down from $3.12 billion at the end of 2025. The company ended the first quarter with a net debt-to-EBITDA leverage ratio of 1x. It has no major maturities due until late 2028. At the end of the quarter, ALB had liquidity of around $2.7 billion, including cash and cash equivalents of around $1.1 billion. Its deleveraging efforts are expected to continue to result in improved balance sheet and financial flexibility while reducing interest expenses. Among its peers, Sociedad Quimica y Minera de Chile S.A. (SQM - Free Report) exited the first quarter with long-term debt of around $4.79 billion, up from $4.22 billion as of Dec. 31, 2025. SQM had strong liquidity, with cash and cash equivalents of around $2.8 billion at the end of the quarter. Sociedad Quimica, in early December 2025, issued a hybrid bond for roughly $430 million to refinance debt and fund its investment plan. ICL Group Ltd. (ICL - Free Report) ended the first quarter with outstanding net debt of roughly $2.57 billion, up $309 million from the end of 2025. Including unutilized revolving credit facility and securitization, ICL Group had cash resources of $1.49 billion at the end of the quarter. ICL has priced a private offering of $800 million senior notes due 2036 and plans to use part of the net proceeds from the offering for the repayment, in part or in full, of outstanding borrowings under its revolving credit facility maturing in April 2030, and to repay other debt. ALB’s Price Performance, Valuation & EstimatesAlbemarle has gained 25.4% in the past six months compared with the Zacks Chemical - Diversified industry’s rise of 25.9%. Image Source: Zacks Investment Research ALB is currently trading at a forward price-to-sales ratio of 3.24, above the industry. It carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ALB’s 2026 earnings implies a year-over-year rise of 1,668.4%. The EPS estimates for 2026 have been trending higher over the past 60 days. Image Source: Zacks Investment Research |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 18:51
1mo ago
|
Why Albemarle (ALB) Dipped More Than Broader Market Today | FMP Stock News | |
|
Original source text
Albemarle (ALB - Free Report) closed the most recent trading day at $166.11, moving -1.65% from the previous trading session. This move lagged the S&P 500's daily loss of 0.57%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 1.15%.Shares of the specialty chemicals company witnessed a loss of 3.89% over the previous month, trailing the performance of the Basic Materials sector with its gain of 3.28%, and the S&P 500's gain of 2.14%. The investment community will be closely monitoring the performance of Albemarle in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $3.08, reflecting a 2700% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.48 billion, up 11.36% from the prior-year quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $12.39 per share and revenue of $5.99 billion, which would represent changes of +1668.35% and +16.45%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Albemarle. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.74% higher. Albemarle presently features a Zacks Rank of #1 (Strong Buy). From a valuation perspective, Albemarle is currently exchanging hands at a Forward P/E ratio of 13.64. This signifies a discount in comparison to the average Forward P/E of 16.52 for its industry. We can also see that ALB currently has a PEG ratio of 0.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Chemical - Diversified industry had an average PEG ratio of 1.29. The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 07:44
1mo ago
|
PDD Holdings: Even 'Deeply Undervalued' May Be An Understatement Now | FMP Stock News | |
|
Original source text
PDD Holdings is reiterated as a Strong Buy, supported by a fortress balance sheet and compelling long-term potential. PDD is entering a major investment cycle, allocating RMB 100 billion over three years to build first-party brands and strengthen supply chains. Despite near-term margin pressure and regulatory risks, PDD's major net cash position remains among China's best, with valuation and growth metrics also being very attractive. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 19:30
1mo ago
|
This Overlooked Growth Stock Is Absurdly Cheap Right Now | FMP Stock News | |
|
Original source text
One of the most overlooked growth stocks that is trading at an absurdly cheap valuation right now is Pinterest (PINS 0.80%). The stock is down around 40% over the past year, despite continued strong revenue growth, a cheap valuation, and the backing of renowned activist investor Elliott Investment Management.The stock's sell-off over the past year has left it trading at a forward price-to-earnings (P/E) ratio of just 11 times current-year estimates and below 9.5 times next year's consensus. This comes despite the company seeing 18% year-over-year (15% in constant currency) revenue growth in the first quarter, to over $1 billion. Today's Change ( -0.80 %) $ -0.17 Current Price $ 21.16 An AI-powered shoppable discovery destination Over the past few years, the company has done a great job of repositioning its platform from a simple online vision board to a shoppable discovery destination. It has leaned into artificial intelligence (AI) features and become a leader in multimodal search capabilities, especially with visual searches. AI is also helping it improve the personalization and curation it delivers to its users. At the same time, its AI-powered performance ad suite, Performance Plus, is helping advertisers automate marketing campaigns to optimize their ad spending. It can better target potential customers, improve bidding, and even help with AI image generation to improve a campaign's visuals. The business has also been booming in international markets, with European revenue jumping 27% to $186 million and rest-of-world revenue surging 59% to $72 million in Q1 2026. The growth is coming from both an increase in monthly active users and higher average revenue per user (ARPU). Pinterest's international business continues to be under-monetized, and this remains a large opportunity for the company moving forward. Elliott Investment Management gave Pinterest a big vote of confidence in early March when it bought $1 billion in convertible senior notes directly from the company. Elliott's notes have an initial conversion price of $22.72 and carry a modest 1.75% interest rate. Elliott also owns over $500 million in common stock. Pinterest used the proceeds from the convertible notes to immediately buy back its own shares as part of a $1 billion accelerated share repurchase (ASR) agreement. This was part of a new $3.5 billion share buyback program that it put in place. Image source: The Motley Fool. Time to buy Pinterest Pinterest is betting big that by having a leading visual search solution, it will become one of the biggest winners in e-commerce. That's why it recently signed a $4 billion multi-year infrastructure deal with Amazon Web Services. This makes sense, as Pinterest has a great flywheel business for AI. It can use AI to attract and keep more users on its platform, which draws in advertisers. It then supplies these advertisers with AI tools to better target and convert potential customers from the users on its platform. The fact that its users tend to already have a high intent to shop makes this a great symbiotic relationship. Given the opportunities to continue to monetize its platform through the use of AI, Pinterest is one of the cheapest and most overlooked stocks in the market today. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 06:11
1mo ago
|
Wall Street sets Roku stock price target amid $22B acquisition | FMP Stock News | |
|
Original source text
Wall Street analysts have issued ratings for Roku, Inc. (NASDAQ: ROKU) stock amid the company’s roughly $22 billion acquisition by Fox Corp. (NASDAQ: FOXA).On Tuesday, June 16, Finbold analyzed 11 Roku stock ratings issued after the acquisition by Fox. Piper Sandler’s (NYSE: PIPR) Thomas Champion downgraded Roku to neutral from overweight and raised his price target to $160 from $148. Jefferies’ (NYSE: JEF) James Heaney downgraded the stock to hold from buy and lifted his target to $160 from $150. J.P. Morgan likewise stepped down to neutral, setting its target at the $160 deal price. Evercore ISI cut Roku to in line from outperform and trimmed its target to $160 from $185. Baird downgraded the stock to neutral from outperform with a $160 target, citing a less attractive risk-to-reward after Roku’s run-up. Wolfe Research’s Peter Supino lowered Roku’s rating to peer perform from outperform, with a fair value of $149. Loop Capital downgraded the stock to hold from buy, while raising its target to $155 from $145. Citizens JMP downgraded the stocks to market perform after earlier raising its target to $175 amid speculation about a sale. KeyBanc moved to sector weight from overweight. William Blair cut the stock to market perform from outperform and removed it from its Analyst Conviction List. Meanwhile, Fox Advisors set a $160 target on Roku stock. Roku stock surges on $22 billion acquisition deal ROKU stock surged more than 17% over the past five days, trading at about $141.54 at press time. As such, the company saw its market capitalization rise to approximately $20.9 billion. Roku stock 5-day chart. Source: Finbold Wall Street analysts expect the company’s stock to surge in the near future following the strategic acquisition deal. “Roku pioneered streaming TV and scaled it into a leading CTV platform. Together, we intend to lead its next chapter,” Lachlan K. Murdoch, Executive Chair and CEO of Fox Corporation, said. As such, bullish sentiment for the stock could increase in the near future, bolstered by robust fundamentals. Best Crypto Exchange for Intermediate Traders and Investors Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees. Copy top-performing traders in real time, automatically. eToro USA is registered with FINRA for securities trading. 30+ million Users worldwide eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer! |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 07:25
1mo ago
|
Cobalt Blue advances US critical minerals refinery plan with Glomar Minerals | FMP Stock News | |
|
Original source text
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) (ASX: COB, OTC: CBBHF) and Glomar Minerals LLC have advanced plans for Project Infinity, a proposed polymetallic nodule refinery in the United States.The consortium, formed in March 2026, aims to build and operate what it says would be the world’s first commercial polymetallic nodule refinery in the US, targeting production of manganese, cobalt, nickel and copper from deep-sea nodules. Site shortlist narrowed Cobalt Blue said the Project Infinity site selection process had moved from an initial list of more than 30 locations to a shortlist of 4 candidate sites across Texas, North Carolina and Louisiana. The companies have engaged with 8 State Economic Development Offices and held in-person meetings with senior government representatives at the Select USA Investment Summit in Washington DC. Shortlisted sites are being assessed for port access, infrastructure, workforce availability, permitting pathways, utilities, transport links and proximity to reagents. The selection process prioritises brownfield locations with capacity for expansion and jurisdictions with streamlined environmental and regulatory frameworks. Site visits are now being planned. Figure 1: Potential US Locations Samples arrive at Broken Hill Cobalt Blue has received 25 kilograms of polymetallic nodules from Glomar Minerals’ licence areas in the Clarion-Clipperton Zone (CCZ) at its Broken Hill Technology Centre. Initial bench-scale testing and characterisation have commenced, with the work designed to establish baseline design criteria and support the scope of a future pre-feasibility study. The company said early data highlighted the strong multi-metal grades of the CCZ nodules, supporting their potential as an alternative to land-based resources. Cobalt Blue managing director and CEO Dr Andrew Tong said the arrival of the samples was a key milestone. “In the global race for critical minerals, control of processing will define the winners,” Tong said. “The nodule samples now at our Broken Hill Technology Centre mark a key milestone in demonstrating our technology at scale and underscore Cobalt Blue’s role as a leader in critical minerals processing.” Project Infinity targets US supply chain gaps Project Infinity is designed as a fully integrated business to harvest, process, market and sell critical minerals from polymetallic nodules, aligning with US objectives to establish secure domestic critical minerals supply chains. The project aims to process 200,000 tonnes of polymetallic nodules and 7,500 tonnes of cobalt hydroxide each year. The cobalt hydroxide is expected to be sourced from ESG-compliant operations in the Democratic Republic of Congo and is intended to improve refinery economics while addressing gaps in US domestic production of manganese and cobalt. Using Cobalt Blue’s proprietary technology, developed for its Kwinana Cobalt Refinery, the proposed US refinery would produce high-purity manganese sulphate and cobalt sulphate for battery markets, as well as nickel and copper metal. A second phase is expected to examine recovery of iron, titanium and light rare earths from remaining leach residues. Glomar licence base Glomar Minerals holds 100% interests in 2 exploration tenements, UK1 and UK2, in the CCZ, covering about 133,000 square kilometres. It also holds a 19.9% interest in a third CCZ licence, OMS, covering about 58,000 square kilometres. Figure 2: Glomar License Base The company said more than US$40 million had been invested across these licences since 2012, including oceanographic surveys, environmental surveys and technical studies covering harvesting and processing. Importantly, Glomar is working toward the release of a maiden resource statement. Glomar Minerals executive chairman Robbie Diamond said the 4 shortlisted sites represented an important step toward building US processing and refining infrastructure for critical minerals used in manufacturing, defence and next-generation technologies. Next Steps Cobalt Blue and Glomar Minerals will continue site visits and selection work in the US while bench-scale testing progresses at the Broken Hill Technology Centre. New surveys and sample collections are planned between July and October 2026, with a ship scheduled to depart New Zealand. Newly collected samples will be sent to Cobalt Blue for pilot testwork as part of the feasibility studies for Project Infinity. Furthermore, detailed process flowsheets and feasibility studies are expected to begin once funding is secured. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 07:56
1mo ago
|
Dimerix licenses DMX-200 rights in Asia to Everest Medicines in deal worth up to A$481 million | FMP Stock News | |
|
Original source text
Dimerix Ltd (ASX:DXB, OTC:SBMJF) has entered into an exclusive licence agreement with Everest Medicines for the commercialisation of its Phase 3 drug candidate DMX-200 across Greater China, South Korea and parts of Southeast Asia.The agreement covers DMX-200 for all indications, including focal segmental glomerulosclerosis (FSGS), in Chinese mainland, Hong Kong SAR, Macao SAR, Taiwan region, South Korea, Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines. Under the deal, Dimerix will receive a US$10 million, or around A$14.1 million, upfront payment within 45 business days of execution. The company is also eligible for up to US$330 million, or around A$467 million, in potential success-based development, regulatory and commercial milestone payments, plus tiered royalties of 10-15% on net sales in the licensed territories. Fifth regional licensing deal The Everest agreement is the fifth licensing transaction for DMX-200, following earlier deals with Advanz Pharma, Taiba Rare, Fuso Pharmaceutical Industries and Amicus Therapeutics, now BioMarin. More than A$65 million had been received before the Everest transaction, and across the five licensing agreements the company may be eligible to receive up to around A$1.9 billion in aggregate upfront and potential milestone payments, in addition to royalties on net sales. The company retains rights to DMX-200 in all other unlicensed territories. Dimerix CEO and managing director Dr Nina Webster said the partnership significantly expanded the potential reach of DMX-200 into large underserved Asian markets, while allowing the company to maintain its focus on the global registrational program. “We are delighted to establish this partnership with Everest Medicines, a company with strong rare renal disease expertise and a proven track record in commercialising in Greater China, South Korea and certain Southeast Asian countries. Importantly, this collaboration significantly expands the potential reach of DMX-200 into a large and underserved patient population. Everest is well positioned to maximise the opportunity in the licensed regions, while allowing Dimerix to retain focus on progressing our global registrational program, delivering value for shareholders and providing real hope for patients with FSGS across the globe in need of treatment options.” What it means for Dimerix Everest will be responsible for supporting regulatory submissions and maintaining the regulatory dossier in the licensed territories, as well as all commercialisation costs. Dimerix will continue to fund and execute the global ACTION3 study, with the two companies to form a joint steering committee to align development and commercialisation of DMX-200 for FSGS in the licensed territories. "This collaboration with Dimerix marks an important step in advancing our strategic focus in kidney disease and further strengthening our innovative renal portfolio. Patients with FSGS in China have long faced significant unmet medical needs due to the lack of targeted treatment options. The positive interim results from the global pivotal Phase 3 study of DMX-200 underscore its potential to offer a meaningful new therapy for these patients, Yifang Wu, Chairman of the Board, Everest Medicines, said. "Leveraging our proven expertise in clinical development and commercialisation, we are committed to accelerating access to DMX-200 in China and beyond and exploring other glomerulopathies. We look forward to working closely with Dimerix to bring this innovative therapy to more patients in need.” The agreement provides Dimerix with near-term non-dilutive funding through the upfront payment, as well as potential longer-term exposure to milestone payments and royalties if DMX-200 progresses through regulatory and commercial milestones. The licensed regions represent a substantial target market, with an estimated 500,000 to 1 million people living with FSGS in the territories and no approved therapies for the disease across these regions. About DMX-200 and FSGS DMX-200 is a small molecule inhibitor of chemokine receptor 2, or CCR2, being developed for FSGS, a rare and serious kidney disease. The treatment is being evaluated in the pivotal Phase 3 ACTION3 clinical trial, which is fully recruited in its adult cohort with 333 patients enrolled across 21 countries, including Chinese mainland, Hong Kong SAR, Taiwan region, Thailand and Malaysia. FSGS causes progressive scarring in the kidney’s filtering units, leading to proteinuria, loss of kidney function and, in some cases, end-stage renal disease. Dimerix is a clinical-stage biopharmaceutical company focused on inflammatory diseases, including kidney diseases. Its lead program is DMX-200 for FSGS, which was identified using the company’s proprietary Receptor-HIT technology platform. What’s next Dimerix will continue progressing the ACTION3 Phase 3 trial, while Everest prepares to support regulatory and commercialisation activities in its licensed territories. The trial has reported positive interim results, with DMX-200 performing better than placebo in reducing proteinuria at that time. Dimerix also said there had been no safety concerns to date after 8 reviews by the independent data monitoring committee, the latest in June 2026. An external statistical blinded review in April 2026 confirmed the study remained appropriately powered at more than 90% to demonstrate a treatment effect for the primary endpoint of proteinuria, if DMX-200 continues to reduce proteinuria as anticipated. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 08:14
1mo ago
|
Memphasys signs national supply agreement with Monash IVF for Felix sperm selection system | FMP Stock News | |
|
Original source text
Memphasys Ltd (ASX:MEM, OTC:MPHSF, FRA:IG7) has executed a 12-month exclusive national supply agreement with Monash IVF Group Ltd (ASX:MVF) (ASX) for the rollout of its Felix™ automated sperm selection system across Australia.The agreement follows more than 10 years of collaboration between the companies and comes after Monash IVF conducted the pivotal Felix clinical trial, which concluded in 2025. The deal represented the largest commercial arrangement for Felix to date and marked a key step in its transition from product validation to scaled commercial deployment. Agreement follows clinical validation Felix will initially be deployed at two Monash IVF Group clinics during a 3-month rollout phase. This stage will include implementation, staff training, system troubleshooting and the collection of embryology and clinical outcome data. If the initial rollout is completed successfully, the full 12-month supply term will begin, enabling national deployment across Monash IVF’s Australian clinic network. Monash IVF operates 22 clinics across all mainland capital cities and reported 12,085 stimulated IVF cycles in FY2025, with most involving intracytoplasmic sperm injection, or ICSI. Terms support recurring revenue model Commercial terms of the agreement remain confidential, but Memphasys said the contract was expected to support significant ongoing revenue generation through the supply of Felix cartridges and consoles. Initial delivery of cartridges and consoles is expected to begin immediately as part of the rollout phase. The agreement also includes a quarterly ordering schedule, giving Memphasys greater visibility over production planning and cash flow. Performance reviews and good-faith extension negotiations provide a pathway for expansion beyond the initial 12-month term, subject to adoption across Monash IVF’s network. Anchor customer for Australian commercialisation Memphasys said the agreement provided an anchor customer deployment in Australia and a reference site for broader market expansion. The company has secured inclusion of Felix on the Australian Register of Therapeutic Goods, allowing commercial deployment in Australia. “Executing this agreement with Monash IVF is a significant commercial milestone for Memphasys, validating both the clinical value of Felix and our commercialisation strategy,” Memphasys Commercialisation Committee chair Marjan Mikel said. “Beyond the contracted revenue opportunity, Monash IVF provides a world-class reference customer and a strong platform to support broader adoption of Felix across Australia and international markets.” Strategy targets local and international growth Memphasys said Australia was a strategically important market for Felix, with more than 60,000 fresh IVF cycles performed annually. The Monash IVF agreement adds to the company’s growing commercial footprint, with Felix now positioned across Australia, Europe, the Middle East and North Africa, India, Japan and Southeast Asia. The company said Monash IVF’s clinical standing could support broader adoption of Felix in existing and new markets. Memphasys has also established manufacturing capacity, supply chain infrastructure and quality systems to support the Monash IVF agreement and future growth opportunities. What comes next The next step is the three-month implementation phase at the initial two Monash IVF clinics. Subject to successful completion and final site confirmation, Felix will then be rolled out across Monash IVF’s national network under the 12-month supply agreement. Memphasys also expects the outcomes of the pivotal Monash IVF clinical trial to be published in the near future, providing further independent validation of Felix against conventional sperm selection methods. About Memphasys Memphasys is an Australian reproductive biotechnology company commercialising the Felix System, a patented bio-separation technology designed to isolate viable sperm cells for assisted reproduction. The system combines electrophoresis and size-exclusion membranes to provide a fast, gentle and standardised sperm selection process. Memphasys’ commercial strategy is focused on building contracted sales through direct and distribution-led channels, scaling production to improve margins and positioning Felix as a new global standard in sperm preparation for assisted reproductive technology procedures. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 15:13
1mo ago
|
ROKU Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Roku to Fox Corporation | FMP Stock News | |
|
Original source text
MONSEY, N.Y., June 16, 2026 (GLOBE NEWSWIRE) -- The Monsey law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Roku, Inc. (Nasdaq: ROKU) (“Roku”) to Fox Corporation (“Fox”) pursuant to which Roku shareholders will receive $96.00 in cash, and 0.9693 shares of FOX Class A common stock, for each Roku Class A and Class B share outstanding.In trading on June 15, 2026, the day the deal was announced, the price of Roku shares fell nearly 2%. Roku’s stock price has continued to fall in trading on June 16, 2026. If you remain a Roku shareholder and have concerns about the fairness of the proposed sale, you may contact our firm at the following link to discuss your legal rights at no charge: https://wohlfruchter.com/cases/roku/ Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected]. “We are investigating whether the Roku Board of Directors acted in the best interests of Roku shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the cash consideration and exchange ratio agreed upon are fair to Roku shareholders, and whether all material information regarding the transaction has been fully disclosed. We encourage Roku stockholders to contact us if they have any concerns.” About Wohl & Fruchter Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners. Contact: Wohl & Fruchter LLP Joshua E. Fruchter Toll Free 866.833.6245 [email protected] www.wohlfruchter.com |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 15:54
1mo ago
|
Netflix eyes Lionsgate after losing to Fox on Roku deal: report | FMP Stock News | |
|
Original source text
Netflix is denying a report that it’s interested in buying Lionsgate — the movie studio behind the “John Wick” and “Hunger Games” franchises — after it purportedly lost out on acquiring streaming giant Roku to Fox Corp.Semafor reported Tuesday that Netflix is one of a number of media companies eyeing Lionsgate, though the Los Gatos, Calif.-based firm has not put in a formal indication of interest yet. Shares of Lionsgate jumped nearly 11% in midday trading. But the streaming giant denied it has any such interest in a statement to The Post. “Netflix is not interested and is not pursuing Lionsgate,” a rep said. Netflix boss Ted Sarandos. Getty Images for Netflix To date, Netflix, home to “Stranger Things,” “Bridgerton” and “The Crown,” has preferred to grow from within rather than expand through large acquisitions. A rep for Netflix said the streamer “did not put in a formal bid for Roku.” Fox Corp. CEO Lachlan Murdoch announced Monday that the company was acquiring Roku for about $22 billion. Fox Corp. is sister company to The Post’s corporate parent News Corp. Lionsgate, home to the “John Wick” and “Hunger Games” movie franchises, is reportedly drawing interest from potential buyers. Getty Images for Lionsgate Studios Yonkers Neflix, meanwhile, produces original shows and films and competes with the biggest channels available on Roku, like Disney’s streamers and Comcast’s Peacock, sources noted. Fox CEO Lachlan Murdoch said Monday that his company will acquire Roku for $22 billion. FOX Image Collection via Getty Images In the past, Netflix co-CEO Ted Sarandos has described the company’s approach to M&A as “disciplined.” Netflix had expressed interest in buying Roku, according to Semafor. ZUMAPRESS.com It declined to raise its $82.7 billion offer to buy Warner Bros. Discovery in February, losing a protracted bidding war to Paramount Skydance, which offered $110 billion. In Netflix’s earnings call in April, Sarandos said during the pursuit of WBD, “We really built our M&A muscle.” “We’ve learned so much about deal execution, about early integration,” he added. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-17 00:00
1mo ago
|
Roku Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Roku, Inc. - ROKU | FMP Stock News | |
|
Original source text
Roku Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Roku, Inc. - ROKU Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Roku, Inc. (NasdaqGS: ROKU) to Fox Corporation (NasdaqGS: FOXA, FOX). Under the terms of the proposed transaction, shareholders of Roku will receive $96.00 in cash and 0.9693 shares of Fox Class A common stock for each Roku Class A and Class B that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-roku/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn View source version on businesswire.com: https://www.businesswire.com/news/home/20260616309357/en/ Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-17 03:25
1mo ago
|
Fox Is Buying Roku. Is It a Better Buy than Netflix, Disney, and Paramount Skydance? | FMP Stock News | |
|
Original source text
The streaming industry's strategic consolidations continue, although the most recent one took more than a few investors by surprise. Just days after Paramount Skydance (PSKY 1.81%) cleared a major regulatory hurdle to move forward with its acquisition of Warner Bros. Discovery (WBD 0.86%), media powerhouse Fox Corp. (FOX 4.01%) (FOXA 4.42%) announced on Monday, June 15, that it intends to purchase streaming technology outfit Roku (ROKU 1.84%) for $22 billion in stock and cash.It's a good fit for several reasons, not the least of which is that the merger of two relatively small players in the business shouldn't raise any serious antitrust concerns that larger players might encounter. The bigger upside is simply that Roku's place in the industry offers a much more promising future than mere content creation -- a role increasingly rife with challenges that may never go away. Image source: Getty Images. Roku by the numbers On the off-chance you're not aware, Roku makes streaming hardware. It's best known for its set-top boxes that attach to a television, offering users a way to access their streaming services. More recently, though, it's licensed its tech and brand name to TV manufacturers. In addition to hardware revenue, Roku receives payments from streaming services like Netflix and Paramount+ for promoting and distributing their programming. Indeed, this business accounted for 90% of Roku's total first-quarter revenue of $1.25 billion, versus only 10% from device sales and licensing. Today's Change ( -1.84 %) $ -2.59 Current Price $ 138.31 And Roku made quite a name for itself on this front. Although it doesn't account for the majority of the rather fragmented connected-television market, Roku's hardware is the most commonly used in the Western Hemisphere and within North America, where it enjoys a 36% market share in both regions, according to numbers from Pixalate. It's leading in Latin America too, with connected-TV market share of 42%. All told, more than 100 million households worldwide now use its streaming tech. This, of course, is what Fox is eyeing. As the TV entertainment industry continues to move away from conventional cable and toward streaming, being a streaming gatekeeper offers some control over what consumers can easily access, and how they can be monetized. And Fox could certainly use the help. Smart, strategic positioning Don't misread the message. Fox is doing fine in terms of cable-TV market share. The cable-TV market itself, however, is shrinking. Comcast's (CMCSA 1.29%) Xfinity lost another 322,000 paying customers last quarter, while Charter's Spectrum shed another 60,000, extending long-standing streaks of subscriber attrition. Again, this crowd is increasingly viewing streaming content, which TV-ratings agency Nielsen says now accounts for more total viewing time in the United States than cable programming and network broadcasts combined. Fox is simply ensuring it has a seat at the table -- by owning the table. This doesn't mean Roku or Fox can favor their own streaming apps over others, if and when this acquisition is allowed to move forward. The pairing may not be of particular concern to the Federal Communications Commission (FCC), since it won't change (at least not initially) any programming that's currently available. But odds are good that the Department of Justice (DOJ) will scrutinize the fact that a major network and a minor streamer will have control of a major means of content distribution. Fox will almost certainly be required to make assurances that it will remain impartial. Impartial, however, doesn't mean Roku can't prominently feature Fox's free-to-watch (100% ad-supported) streaming channel Tubi, which Nielsen reports is now more watched within the U.S. than Paramount+ or Comcast's Peacock. For that matter, so is Roku's homegrown free-to-watch streaming service The Roku Channel. As the two biggest ad-supported streaming venues in the U.S., these two platforms should complement one another's growth. Then there's the other hook: Fox's sports arm. While it doesn't offer access to the most sporting events, when and where it chooses to compete, it does so in a big way. For instance, its coverage of Super Bowl LIX in early 2025 was the single most-watched sporting event of the year, according to Nielsen -- and it was also on Tubi. There's little doubt that Fox could leverage its sports reach to cross-promote Roku, and vice versa. Despite the market's initial response, it makes good sense Connect the dots. This is a brilliant buy. Sure, there are other combinations that could conceivably work. Almost all of them face at least one significant complication, though: Any prospective partner like Walt Disney or Paramount Skydance already owns a broadcast network. It's unlikely the FCC or the DOJ would allow two majors to operate under the same roof. Netflix is a neutral streaming name that could do well by entering the distribution technology business, although it's arguable that uniting the world's biggest streaming name with the Western Hemisphere's top streaming distribution platform would raise more than a few regulatory eyebrows. Netflix also seems to be doing fine on its own, and isn't interested in changing its corporate chemistry. Pairing a respectably-sized media name like Fox with an increasingly important media distributor, however, is a cost-effective win-win. Moreover, with Roku's distribution leverage at its disposal, bundled content partnerships -- like plans for a sports-focused streaming package called Venu that Fox, Disney, and Warner Bros. ultimately abandoned in early 2025 due to regulatory hassles -- come back into focus, with Fox holding most of the cards. That's why it's a bit surprising that the acquisition announced on Monday hasn't happened yet, and particularly surprising that Comcast didn't make a bid. It definitely had something to gain by easing into the streaming hardware and distribution business. Comcast could also have done something special with Roku by leveraging its existing cable, broadband, and even mobile infrastructure, as well as its NBC broadcast network, Universal Studios, and its streaming service Peacock. Fox doesn't bring quite as much to the table. It brings enough, though, and Roku certainly offers something complementary at a time when a larger content library alone is of little value. Streaming programming has essentially become a commodity; there's so much of it that consumers are struggling to sift through all of their choices. It's the intermediaries that are best positioned to monetize streaming programming. Investors punished the deal anyway, sending Fox shares lower on Monday. However, that's arguably a reflection of sheer surprise, along with the seemingly high price the company's paying for Roku. It's worth the premium, though. A great deal of synergy is waiting to be unlocked by this pairing. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 04:48
1mo ago
|
Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies Big Gains) | FMP Stock News | |
|
Original source text
Micron Technology (MU 5.50%) has been one of the best performers in the S&P 500 (^GSPC 0.57%) year to date, with shares up 240%. The stock has become a popular way to participate in the artificial intelligence trade because the company is a key supplier of memory chips.I think Micron will reach $1,500 per share after the company reports fourth-quarter financial results for fiscal 2027 (which ends in August). That implies 52% upside from the current share price of $990. Image source: The Motley Fool Micron is growing quickly because of a memory chip supply shortage Micron is a semiconductor company that produces memory chips and storage solutions based on NAND flash and DRAM technology. Both chip types play an important role in artificial intelligence (AI). NAND serves as long-term storage, and it loads data into DRAM, where logic chips process it. Micron reported exceptional financial results in the second quarter of fiscal 2026, which ended in February. Revenue rose 196% to $23.8 billion and non-GAAP net income surged 682% to $12.20 per diluted share. And CEO Sanjay Mehrotra told analysts that "we anticipate exceptional records across revenue, gross margin, EPS, and free cash flow" in the third quarter. However, Micron's impressive results were driven primarily by a memory chip supply shortage, which caused NAND and DRAM prices to triple and quadruple, respectively, in the past year. Morningstar analyst William Kerwin says the company lacks a competitive moat. As proof, despite strong financial results, Micron lost market share in NAND and DRAM in the recent quarter. Looking ahead suggests that while the pricing power Micron currently enjoys will probably last a little longer, it will not last forever. Memory chip manufacturers, including market leaders Samsung and SK Hynix, are working to add production capacity, and several new fabrication plants should be online by 2028. At that point, supply could oversaturate the market and trigger a downturn. The memory chip industry has historically been highly cyclical Logic chips such as CPUs and GPUs can be highly differentiated, but memory chips are seen as interchangeable commodities. As a result, memory chip producers lack inherent pricing power and are instead at the whim of industry cycles. Periods of undersupply, and higher prices, are followed by periods of oversupply, and lower prices, and vice versa. For instance, pandemic-driven demand for personal computing devices such as laptops and gaming consoles led to a memory chip boom in 2021. But manufacturers oversupplied the market and were eventually forced to cut prices. That caused memory chip revenue to drop 40% by 2023. Some analysts think the AI boom has fundamentally altered the industry. Hyperscalers are signing multiyear contracts with memory chip producers to ensure supply visibility, and those deals deviate from the historical norm by covering much longer periods. Years instead of months. Micron just signed a five-year contract for the first time in history. Those deals may keep prices more stable, but I doubt they represent a structural shift in the industry. Memory chip sales could still drop sharply, albeit more slowly, when supply inevitably catches demand. So investors must decide what Micron stock is worth today knowing the company may hit an earnings cliff in the next two or three years. Today's Change ( -5.50 %) $ -59.79 Current Price $ 1028.20 Why Micron could reach $1,500 per share by late 2027 Wall Street expects the current memory chip cycle to peak in 2028. In turn, the consensus estimate says Micron's adjusted earnings will increase at 172% annually to reach $98.52 per share in fiscal 2027. That makes the current valuation of 45 times adjusted earnings look rather cheap. However, the current valuation is likely to get compressed as the memory chip cycle approaches its peak. Micron traded around 15 times adjusted earnings when the last cycle was nearing its peak, so I will assume the stock drops to that level by late 2027. If Micron matches Wall Street's consensus estimate (i.e., non-GAAP earnings of $98.52 per share in fiscal 2027) and the stock trades at 15 times adjusted earnings, the share price will be about $1,500 when the company reports financial results for fiscal 2027. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 05:31
1mo ago
|
Micron Stock Charges Toward New High and Could Reach This Level | FMP Stock News | |
|
Original source text
Micron stock is setting records and Wall Street is racing to raise price targets for the memory-chip maker. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 06:40
1mo ago
|
Why Is Micron Stock Gaining Tuesday? | FMP Stock News | |
|
Original source text
The stock is also drawing support ahead of its June 24 earnings report. After Monday’s sharp rally, Tuesday’s premarket move suggests investors remain confident as they await the next major catalyst.Earnings In FocusMicron is scheduled to report earnings on June 24. Wall Street expects earnings of $19.63 per share, up from $1.91 a year earlier. Revenue is projected to reach $34.43 billion, compared with $9.30 billion in the prior-year period. The stock trades at 51.3 times earnings, reflecting a premium valuation. Analysts maintain a consensus Buy rating with an average price forecast of $990.42. On June 15, TD Cowen analyst Krish Sankar maintained a Buy rating and raised his price forecast to $1,500 from $660, citing a structural shift in AI-driven memory demand. Speaking to CNBC on Monday, Sankar said AI-related memory demand continues to outpace supply, supporting stronger pricing and earnings power for longer than in past cycles. He also pointed to strong demand for high-bandwidth memory (HBM), rising AI infrastructure spending, and durable DRAM pricing as key drivers of the bullish outlook. RBC Capital analyst Srini Pajjuri also reiterated an Outperform rating and increased his price forecast to $1,200 from $525 on Monday. Wolfe Research maintained its Outperform rating and raised its price forecast to $1,250 on June 11. Technical AnalysisMicron remains in a powerful long-term uptrend. The stock trades 22.7% above its 20-day simple moving average (SMA), 61.6% above its 50-day SMA, and 189.2% above its 200-day SMA. Those wide gaps highlight the strength of the current momentum. The moving average structure also remains bullish. The 20-day SMA sits above the 50-day SMA, while the 50-day SMA remains above the 200-day SMA following a golden cross formed in June 2025. However, momentum has begun to cool. The moving average convergence divergence (MACD) indicator remains below its signal line, and the histogram is negative. That suggests buying momentum has slowed, even as the broader uptrend remains intact. Micron is also trading above its previous 52-week high of $1,097.47. Holding above that former resistance level could reinforce the current breakout, while any pullback will likely be measured against the stock’s rising moving averages. MU Price Action: Micron Technology shares were up 2.97% at $1,120.36 during premarket trading on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data. Photo via Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 08:06
1mo ago
|
Micron and Sandisk shares are phenomenally ‘overbought.' Are memory stocks flying too close to the sun? | FMP Stock News | |
|
Original source text
HomeIndustriesComputers/ElectronicsBooming AI demand has sent Micron and Sandisk shares far into overbought territory, but historic hardware backlogs are sustaining a rallyPublished: June 16, 2026 at 8:06 a.m. ETMemory-chip makers like Micron Technology and Sandisk have been some of the biggest winners of the artificial-intelligence build-out as their shares continue to skyrocket. The rally is causing momentum indicators to flash signals that could signify a heavily crowded trade ripe for a correction. Shares of Micron MU have surged 275% in 2026 and nearly 830% in the past year, sending the stock’s trailing 14-month Relative Strength Index to 90.98 — its highest level since September 1995, according to Dow Jones Market Data. The pattern was initially pointed out by the account @Barchart in a Sunday X post. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 08:50
1mo ago
|
Micron: Playing The Expectations Game | FMP Stock News | |
|
Original source text
Micron Technology has surged over 155% in recent months, driven by AI-fueled demand and exceptional revenue and earnings growth. MU's Q3 expectations are extremely high, with consensus revenue at $34.47B (+270% YoY) and non-GAAP EPS of $19.69 (+930% YoY). Growth rates are set to decelerate, so future share price support may hinge on capital returns, a potential stock split, or acquisitions. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 09:37
1mo ago
|
Up 770% YTD, How High Can Micron Go? | FMP Stock News | |
|
Original source text
© Canva | AndreyPopov from Getty Images and 400tmax from Getty Images SignatureFew stocks have rewritten their own story in 2026 the way Micron Technology (NASDAQ:MU | MU Price Prediction) has. Shares closed at $1,087.99 on June 15, up 281% year to date and 843% over the past year, with net income growing 770.8% year over year last quarter. Our 24/7 Wall St. price target for Micron is $701.69, implying 35.51% downside over the next 12 months. The recommendation is sell, with confidence of 90% (high). Metric Value Current Price $1,087.99 24/7 Wall St. Price Target $701.69 Upside/Downside -35.51% Recommendation SELL Confidence Level 90% Why We Could Be Wrong Our 24/7 Wall St. price target sits well below where Micron trades today, and we want to be upfront: this is one of the most divisive stocks in the market. Real upside could come from an extended HBM supply shortage stretching into 2027, or from analyst targets like Aletheia Capital’s $1,600 Street-high. Consider our number one datapoint among many. A detailed bull case follows. From $115 to $1,088 in 12 Months Micron jumped 14.61% in the past week alone and 50.14% in the past month, helped by an 8% pop tied to a US-Iran truce and a wave of analyst upgrades. Shares trade just 21% below the 52-week high of $1,097.47. Fiscal Q2 2026 revenue hit $23.86B, beating consensus by 22.28%, with non-GAAP EPS of $12.20 versus $8.73 expected. Management guided fiscal Q3 to $33.5B in revenue and roughly 81% gross margin. The Case for $1,500+ TD Cowen raised its target from $660 to $1,500, RBC Capital Markets moved to $1,200, and Cantor Fitzgerald sits at $1,500, all framing memory as an AI growth asset rather than a cyclical commodity. CEO Sanjay Mehrotra told investors “AI has not just increased demand for memory; it has fundamentally recast memory as a defining strategic asset in the AI era.” HBM is sold out through 2026, Micron can fulfill only 50% to two-thirds of key customer demand, and Cloud Memory ran at a 74% gross margin. If pricing stays tight, the bull scenario pushes Micron to $1,149.77 in our model, with Street targets reaching $1,600. What Could Go Wrong Memory has always been cyclical, and the current cycle is extraordinarily steep. Our bear case projects $544.00, a 50% drawdown, if HBM supply catches up or hyperscaler capex pauses. Insider activity skews toward selling, with 102 recent transactions, net direction selling. Capex is rising fast, with fiscal 2026 spending guided above $25 billion and another step up in 2027. Bulls counter that this is the cost of locking in multi-year customer demand, including Micron’s first five-year strategic supply agreement, which should smooth cyclical volatility. Micron Price Prediction 2026-2030 Our 24/7 Wall St. price target of $701.69 reflects a sell at 90% confidence. The tipping factor: forward P/E math on $28.39 in earnings simply does not support $1,088 unless the AI memory cycle runs hotter and longer than any prior memory upcycle. The thesis would turn more constructive if forward EPS estimates push above $40 on confirmed 2027 HBM contracts. The setup would look more cautious if hyperscaler capex growth slows or NAND pricing softens before fiscal year-end. Year 24/7 Wall St. Price Target 2026 $701.69 2027 $640 2028 $575 2029 $520 2030 $491.56 These projections assume Micron continues executing on HBM but normalizes off peak pricing. Significant upside could come from sustained AI memory tightness into 2028, while a NAND glut or capex pullback remains the key risk. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 10:31
1mo ago
|
Earnings Growth & Price Strength Make Micron (MU) a Stock to Watch | FMP Stock News | |
|
Original source text
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market. Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek? Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio. One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term. The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021. Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism. Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future. The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow. Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio. The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum. Focus List Spotlight: Micron (MU - Free Report) Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions. MU, a #1 (Strong Buy) stock, was added to the Focus List on December 27, 2016 at $23.26 per share. Since then, shares have increased 4577.52% to $1. Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $1.87 to $60.23. MU also boasts an average earnings surprise of 21.7%. Additionally, MU's earnings are expected to grow 626.5% for the current fiscal year. Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >> |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 11:56
1mo ago
|
You Missed Micron's 811% Run — but There's Still 40% More Upside, According to Wall Street | FMP Stock News | |
|
Original source text
The AI boom has created a small group of companies that sit at the center of an enormous spending wave. Most investors immediately think of Nvidia (NASDAQ:NVDA | NVDA Price Prediction) when they hear that story. Yet memory chips have quietly become just as critical to AI infrastructure as GPUs. Every AI server requires massive amounts of DRAM and high-bandwidth memory (HBM), and supply remains tight even after a year of record production. That shift has transformed Micron Technology (NYSE:MU) from a cyclical memory manufacturer into one of the market’s biggest AI winners. The stock has already delivered extraordinary gains, but Wall Street believes the story may not be finished. An 811% Gain Doesn’t Mean The Opportunity Is Gone Micron opened trading on this date one year ago at approximately $118 per share. Twelve months on and the stock trades around $1,075, an 811% return that turned a $10,000 investment into more than $91,000. Most investors would assume that kind of move leaves little upside remaining. TD Cowen disagrees. The firm raised its price target on Micron to $1,500 from $660 while maintaining its Buy rating. That target implies roughly 40% upside from current levels. The firm’s analyst team pointed to stronger-than-expected AI demand and a longer period of favorable memory pricing as the key drivers behind the increase. Notably, TD Cowen is not alone. Cantor Fitzgerald also carries a $1,500 target, while Susquehanna has gone even higher with a $1,750 target. mu The Memory Cycle Looks Different This Time Memory has historically been one of the semiconductor industry’s most cyclical businesses. Prices rise, manufacturers expand capacity, supply catches up, and prices fall. That’s the pattern investors have seen for decades. The current cycle contains two key differences. First, TD Cowen now expects pricing strength to extend through the second half of 2027. Previously, analysts expected a digestion period to begin during the first half of 2027, but stronger CPU demand and continued AI infrastructure deployments have pushed that timeline further out. Second, analysts increasingly view AI as a structural shift rather than a temporary demand surge. A cyclical upswing eventually returns to prior demand levels. A structural shift, though, raises the baseline. AI data centers need dramatically more memory per server than traditional computing workloads. Even if growth slows, the floor for future demand may remain far above where it stood before the AI era. Bank of America recently argued that memory supply elasticity is structurally lower because of capital, packaging, and power constraints across the industry. Simply, supply can’t respond as quickly as it did during prior cycles. Micron’s Competitive Position Keeps Improving Only three companies produce advanced memory at scale: Micron, SK hynix, and Samsung. Micron trails its industry peers — not by much, in some sectors — but that concentrated industry structure gives Micron more pricing power than it enjoyed in past cycles. Management has also been signing longer-term customer agreements, creating greater revenue visibility than memory investors traditionally received. Analysts estimate Micron could generate approximately $150 per share in earnings during 2027 if current trends continue. Surprisingly, Micron still trades at valuation levels that assume memory remains highly cyclical. Several analysts argue that if AI-driven demand proves more durable, investors may continue assigning a higher earnings multiple to the stock. Key Takeaway In short, Micron’s 811% gain over the past year doesn’t automatically mean the opportunity has passed. The bull case rests on two simple ideas: memory pricing may remain strong longer than expected, and AI has permanently increased demand for advanced memory products. TD Cowen’s new $1,500 price target reflects both assumptions. Granted, memory remains a cyclical industry beyond AI and investors should expect volatility. Yet Micron today looks very different from the commodity memory company many investors remember. With AI servers consuming unprecedented amounts of DRAM and HBM, the company has become a critical supplier to one of the fastest-growing technology markets in history. If Wall Street’s forecasts prove accurate, Micron’s remarkable run may have another chapter left to write. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 12:17
1mo ago
|
Stock Of The Day: Did Micron Technology Break Out Again? | FMP Stock News | |
|
Original source text
Shares of Micron Technology, Inc. (NASDAQ:MU) are moving lower on Tuesday. They have gained almost 300% since January 1.Micron is the Stock of the Day. It appears to be breaking out again. The rally may continue. If a stock is trending higher, there is more demand for it than there is supply. Investors and traders who wish to acquire shares are forced to outbid each other and pay premiums to attract sellers. This forces the shares into an uptrend. The dynamic changes when the shares reach a resistance level. At these levels, there is enough supply of shares for sale to fill all buy orders. Buyers can acquire all the shares they need to without paying higher prices, and the rally ends or pauses. Sometimes stocks reverse and head lower after reaching resistance. This happens when some of the sellers who created the resistance become anxious and impatient. They become concerned that other sellers will be willing to sell at lower prices. They know the buyers will go to whoever is willing to sell at the lowest price. As a result, they reduce their offer prices. Other concerned sellers see this and do the same. This can result in a snowball effect that pushes the price lower. Sometimes when stocks reach resistance, the buyers eventually overpower the sellers, and the price moves higher. When this happens, traders say it is a ‘breakout'. Breakouts can be a bullish dynamic. They show that the sellers who created the resistance are gone. With this supply removed from the market, buyers will be forced to outbid each other again. This can put the shares into a new uptrend. As you can see on the chart, Micron broke out in April. It also broke out in May. A move higher followed each. The stock had been attempting to break out, but as of Tuesday’s pullback, it remains below resistance around $1,090. Micron will need to clear that level to confirm a new uptrend. MU Price Action: Micron Technology shares were down 4.05% at $1043.91 at the time of publication on Tuesday, according to Benzinga Pro data. Photo: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 18:45
1mo ago
|
Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know | FMP Stock News | |
|
Original source text
In the latest trading session, Micron (MU - Free Report) closed at $1,020.76, marking a -6.18% move from the previous day. This change lagged the S&P 500's 0.57% loss on the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.Prior to today's trading, shares of the chipmaker had gained 59.64% outpaced the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%. The investment community will be paying close attention to the earnings performance of Micron in its upcoming release. The company is slated to reveal its earnings on June 24, 2026. The company is forecasted to report an EPS of $19.72, showcasing a 932.46% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $34.24 billion, up 268.09% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of $60.23 per share and a revenue of $111.55 billion, demonstrating changes of +626.54% and +198.45%, respectively, from the preceding year. Investors should also note any recent changes to analyst estimates for Micron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.43% increase. Micron is currently a Zacks Rank #1 (Strong Buy). Looking at its valuation, Micron is holding a Forward P/E ratio of 18.07. This signifies a discount in comparison to the average Forward P/E of 27.36 for its industry. The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 6% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 19:21
1mo ago
|
Sandisk vs. Micron: Which AI Memory Stock Is the Better Buy After Their Monster Runs? | FMP Stock News | |
|
Original source text
Few corners of the market have run up as sharply as memory chips. Shares of Sandisk (SNDK 5.39%) have soared more than 700% in 2026 as of this writing, while Micron Technology (MU 5.50%) has more than tripled this year and recently crossed $1 trillion in market value. Both have climbed for the same reason: an artificial intelligence (AI) build-out so hungry for storage and memory that supply can't keep up, pushing prices for NAND flash and dynamic random access memory (DRAM) sharply higher.But which of these two stocks is the better buy today? Image source: The Motley Fool. Sandisk: a pure bet on the flash shortage In its fiscal third quarter of 2026 (the period ended April 3, 2026), the flash specialist's revenue jumped 97% from the prior quarter and 251% from a year earlier, to $5.95 billion. Non-GAAP (adjusted) earnings per share reached $23.41, up from $6.20 in fiscal Q2. Powering its growth, Sandisk's data center revenue climbed 233% sequentially. Today's Change ( -5.39 %) $ -113.58 Current Price $ 1994.28 What may matter more for a notoriously cyclical business is how much of that demand Sandisk has nailed down. Fortunately, it has signed five multiyear supply agreements that lock in firm customer commitments, covering more than a third of its fiscal 2027 output and backed by over $11 billion in enforceable financial guarantees. "Data center has become our fastest-growing market, and the workloads driving that demand, including inference, reasoning, and agentic systems, represent a structural and durable shift in how the world's most consequential technology is built and deployed," said Sandisk CEO David Goeckeler in the company's fiscal third-quarter earnings call. Sandisk is also returning cash to shareholders. It recently authorized a $6 billion share buyback. And it carries no debt. Micron: the broader memory play Micron's momentum is similarly spectacular. In its fiscal second quarter of 2026 (the period ended Feb. 26, 2026), the memory and storage maker posted revenue of $23.86 billion, nearly triple the year-ago figure, with adjusted earnings per share of $12.20 and a record gross margin of about 75%. DRAM made up $18.8 billion of that, or 79% of revenue, while NAND accounted for the rest. Within its DRAM business, HBM -- the dense, stacked chips that pair with AI accelerators from the likes of Nvidia -- is the scarcest, highest-value product in the memory market, and Micron has said its HBM output for 2026 is already sold out. Today's Change ( -5.50 %) $ -59.79 Current Price $ 1028.20 And the company notably began shipping its newest HBM for Nvidia's next-generation Vera Rubin platform earlier this year. "Both AI and traditional server demand are constrained by lack of adequate DRAM and NAND supply," said Micron CEO Sanjay Mehrotra in the company's fiscal second-quarter earnings call. Looking ahead, Micron is guiding for an even bigger fiscal third quarter, with revenue of about $33.5 billion -- a single quarter that would exceed its revenue for any full year through fiscal 2024. But this growth story comes with high costs. Micron expects to spend more than $25 billion on new plants and equipment this fiscal year. On valuation, Sandisk initially looks more expensive, with a price-to-earnings ratio of about 69 as of this writing, while Micron's is 49. But these valuation metrics don't tell the full story. Since the two companies are growing so quickly, it's probably better to view them based on their forward price-to-earnings ratios, or valuation multiples that compare their prices to analysts' consensus forecasts for earnings per share over the next 12 months. By this measure, Sandisk and Micron have forward price-to-earnings multiples of about 11 and 10, respectively, making them look priced very similarly based on their future prospects. So, which is the better buy? Overall, I think Micron is the better bet. Its DRAM and HBM exposure puts it in a vital part of the AI memory market, and it generates enormous cash even while funding a heavy build-out. Meanwhile, Sandisk's business is arguably narrower than Micron's, leaving it with greater downside risk if the cycle turns. And after a run-up this big, I'd rather own the broader business. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-17 02:32
1mo ago
|
Micron: New Data Indicates Consensus Estimates Are Too Conservative (Earnings Preview) | FMP Stock News | |
|
Original source text
HomeEarnings AnalysisTech SummaryMicron is experiencing unprecedented demand for DRAM, NAND, HBM, and enterprise SSDs, driving record revenue and gross margins.MU's supply-demand imbalance is expected to persist beyond 2026, supported by Strategic Customer Agreements that enhance earnings visibility and pricing power.Consensus estimates for MU's FY26 and FY27 earnings are likely too conservative, with forward P/E potentially overstated and substantial upside remaining.I rate MU a Buy, citing derisked cyclicality, strong operating leverage, and favorable long-term demand trends despite execution and pricing risks. Alexander Sikov/iStock via Getty Images Introduction Micron (MU) has historically been treated as a deeply cyclical memory stock, but the current cycle looks materially different. AI-driven demand for DRAM, NAND, HBM, and enterprise SSDs has created insatiable demand for MU 148 Followers Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
|||
|
Saved
2026-06-17 08:02
1mo ago
Published
2026-06-16 16:30
1mo ago
|
Billionaire Ken Griffin Sold Amazon and Nvidia but Quietly Loaded Up on This Healthcare Giant | FMP Stock News | |
|
Original source text
Ken Griffin, the billionaire CEO of the investment firm Citadel Advisors, has an impeccable reputation on Wall Street, having delivered superior returns over the long run. It's no wonder, then, that every move he and his team make is carefully scrutinized. And he was a busy man during the first quarter. Citadel Advisors decreased its stake in some popular artificial intelligence (AI) stocks. The firm sold 2.9 million shares of Nvidia (NVDA 2.16%), while offloading six million shares of Amazon (AMZN 0.01%).Both tech leaders remain among Citadel Advisors' largest holdings, but perhaps the decision to reduce its stake in these companies was to reallocate capital into attractive opportunities. And one notable stock that Citadel Advisors bought during the quarter looks like such an opportunity. Image source: The Motley Fool. A beaten-down healthcare leader Intuitive Surgical (ISRG +0.17%) has lagged the market recently. The company is dealing with headwinds from multiple sources. Let's consider three of them. First, Intuitive Surgical will face increased competition in the robotic-assisted surgery (RAS) market moving forward. Last year, Medtronic earned approval for a competing system, the Hugo, while Johnson & Johnson is also racing toward clearance of its own device, the Ottava. Second, several of Intuitive Surgical's products, including its da Vinci 5 -- the newest model of its famous, market-leading da Vinci system -- carry lower margins than the company's average. Selling more of these platforms can drag down margins, at least in the short term. Third, steep tariffs have impacted Intuitive Surgical's financial results. Because of all these factors -- and despite pretty strong financial results -- the stock has dropped by 20% over the past 12 months. There is more to the story Given all the problems Intuitive Surgical is facing, why did Citadel Advisors take this opportunity to increase its stake in the company by 30.3% during the first quarter? One likely answer is that, despite the medical device specialist's struggles, its long-term prospects remain bright, and it could deliver superior returns, especially at current levels. None of Intuitive Surgical's obstacles is anywhere near insurmountable. Yes, competition will increase, but the company has a massive lead, having spent the past 26 years since the da Vinci system was first launched expanding its installed base, improving patient outcomes, and gathering real-world data from procedures to inform its device development. Today's Change ( 0.17 %) $ 0.72 Current Price $ 417.27 Further, Intuitive Surgical benefits from a wide moat due to high switching costs, and the company still has a massive addressable market to tap into. It's also worth noting that it could be one of the winners as AI continues to transform the healthcare sector. Intuitive Surgical is actively exploring ways to use AI to improve its technology, which could help cement its leading position in its niche over the long run. How will the company address lower margins on some of its devices? Those should pay for themselves several times over, eventually. Absorbing lower margins in the early stages of scaling a new device helps the company grow its installed base and eventually results in stronger revenue and earnings from the sale of instruments and accessories, which are replaced regularly and generate recurring, higher-margin revenue for the healthcare giant. So, this strategy is well worth it. And as far as tariffs are concerned, Intuitive Surgical can deal with them eventually through modest cost increases across its large pool of existing customers, most of whom should stay put, given the few alternatives to Intuitive Surgical's devices on the market. Looking at the valuation The bears would also point out that Intuitive Surgical still looks expensive, trading at 39.7x forward earnings, more than twice the healthcare sector's average of 17.4x. Even so, Intuitive Surgical continues to grow its revenue and earnings much faster than most of its peers, especially those in the medical device niche. Further, the company's large addressable RAS market and strong competitive edge help justify a steep premium. My view is that Intuitive Surgical is a strong buy after having lost significant value over the past year. Prosper Junior Bakiny has positions in Amazon, Intuitive Surgical, Johnson & Johnson, and Nvidia. The Motley Fool has positions in and recommends Amazon, Intuitive Surgical, Medtronic, and Nvidia. The Motley Fool recommends Johnson & Johnson and recommends the following options: long January 2028 $520 calls on Intuitive Surgical and short January 2028 $530 calls on Intuitive Surgical. The Motley Fool has a disclosure policy. |
|||