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Raspberry Pi Holdings Plc saw its stock surge more than 20% on Friday after the company said first-half profitability would be materially ahead of 2025 and upgraded its full-year outlook, with FY 2026 EBIT now expected to come in ahead of the consensus $42 million estimate. The company highlighted strong unit volumes, a favorable product mix and th…
Alphabet just secured massive funding for AI infrastructure while maintaining strong profitability and cash flow. With a market cap around $4.51T, a P/E of ~28, and free cash flow of $64.4B, the company can scale data centers and custom AI silicon without wrecking the balance sheet. This trade idea outlines a long entry with tight risk controls and…
Citi identified Tencent, Alibaba and Baidu as the leading Chinese internet stocks to benefit from artificial intelligence development. The bank emphasized each company's full-stack or agentic capabilities, noted recent product and corporate moves, and suggested the sector's year-to-date weakness could offer attractive entry points.
Citi identified three Chinese internet companies it believes are best positioned to benefit from artificial intelligence development: Tencent, Alibaba and Baidu. The bank emphasized Tencent's strength in agentic systems, Alibaba's full-stack AI positioning and valuation upside, and Baidu's entrenched AI infrastructure and Ernie model ecosystem. Cit…
European equity markets opened lower on Friday, with the STOXX 600 down around 0.2% at 623.10 and poised to record a modest weekly loss. Renewed uncertainty over diplomatic progress in the Middle East supported higher Brent crude prices, while technology shares led sector declines after a strong two-month advance. Select UK midcaps moved on company…
European equities opened lower on Friday as investors wrestled with heightened uncertainty from renewed hostilities in Lebanon and a moderation in the once-rapid AI trade. Energy markets and semiconductor names led moves after developments in the Middle East tightened shipping routes and chip demand optimism took a hit following corporate earnings.
British stocks weakened on Friday as fresh domestic housing data showed average prices easing for a second month and geopolitical frictions in the Middle East heightened energy market risk. The Halifax House Price Index recorded a decline in May, while Brent crude hovered near $95 a barrel amid an incident at Oman’s Mina al Fahal terminal and broad…
The U.S. State Department publicly criticised what it described as 'ideological conditioning and two-tiered policing' in response to a British murder case that has ignited national anger and political division. The controversy centers on video showing officers restraining and handcuffing Henry Nowak, an 18-year-old white student, while he bled from…
Barclays strategists say the recent surge in semiconductor and technology stocks - led by a near 50% rally in the MSCI World Semiconductors index over two months - shows signs of strain. Elevated positioning from fast-money flows and CTAs, a wave of large tech IPOs and capital raises that will absorb liquidity, and a packed macro calendar around ce…
SpaceX's public website and its initial public offering marketing documents were inaccessible from mainland China and Hong Kong, a review found. The restriction coincides with the start of the company's U.S. roadshow for an IPO that is targeting $75 billion in proceeds and a $1.75 trillion valuation. The cause and timing of the block are unclear, a…
MGP Ingredients (MGPI) trades near its 52-week low with a market cap of $347.7M, positive free cash flow of $54.0M, and an EV/EBITDA of 6.5. The company looks inexpensive on headline multiples, but demand weakness in branded spirits, inventory accounting hits and class-action investigations have compressed earnings and sentiment. This is a contrari…
Bitcoin sank toward a four-month low on Friday, trading around $61,524 and headed for a weekly decline exceeding 16% after prolonged institutional selling. The pressure was concentrated in spot Bitcoin exchange-traded funds, which recorded about $1.4 billion in outflows this week - the fourth straight week with more than $1 billion withdrawn. Eleva…
<p>Energy Transfer (ET) is a capital-intensive midstream operator with one of the sector's highest yields and stable fee-driven cash flows. At roughly $19.62 a share and a market cap near $67.5B, the partnership is trading near its 52-week high while still offering an EV/EBITDA multiple below 9 and free cash flow of $3.615B — metrics that support a…
Japan's equity market closed lower on Friday with the Nikkei 225 retreating 1.26% as weakness in Paper & Pulp, Transport and Communication sectors pressured the index. Market breadth favored advancers, while several large-cap names swung markedly in both directions. Volatility edged higher and key commodity and currency benchmarks showed mixed move…
Barclays downgraded Finnair from "equal weight" to "underweight" and set a €3.60 price target, citing concerns that recent gains in Asian route revenues will not be sustained. The broker raised its FY26 earnings forecast on a stronger near-term performance but cut estimates for FY27 and FY28 as jet fuel costs rise and unit revenues face tougher com…
Investors face a heavy slate this week centered on the expected public debut of SpaceX, a likely European Central Bank rate hike, fresh Chinese monthly data, and OPEC+ talks on oil output. Corporate earnings and U.S. inflation readings add to the mix, while the World Cup opening and projected sports-related spending offer a limited macro lift. Toge…
AirTrunk said it will commit $30 billion to develop 5 gigawatts of new data centre capacity in India over the next four years. The Sydney-headquartered firm, backed by Blackstone and Canadian Pension Plan Investment Board (CPPIB), entered the market in April with its purchase of Lumina CloudInfra. Its current Indian pipeline lists 600 megawatts acr…
Apollo Global Management has informed Bodycote it does not intend to proceed with a firm offer for the UK thermal processing services firm, bringing to a close talks over a conditional all-cash proposal valued at £1.52 billion. The move triggers a six-month restriction on renewed approaches under British takeover regulations, with limited exception…
Bank Indonesia said it will produce technical implementing regulations to align its operations with a newly expanded mandate that adds real-sector growth and job creation to its existing objectives of price and exchange rate stability and sustainable economic growth. The announcement followed parliament's passage of a broad financial system law, wh…
British house prices unexpectedly declined in May, with Halifax reporting a 0.1% monthly fall - the third consecutive monthly drop. Annual growth slowed to 0.5%, below economist expectations, as elevated borrowing costs and uncertainty linked to the Iran war weigh on buyer demand. Mortgage approvals rose in April, even as markets price in a higher …
Fitch Ratings has trimmed its global growth forecast to 2.4% for this year while lifting its Brent crude price projection for 2026 to $87 a barrel. The agency attributes the revisions to an oil shock tied to the U.S.-Iran conflict and the prolonged shutdown of the Strait of Hormuz, which it says has propagated higher inflation, squeezed real wages …
Bernstein said in a note dated Friday that it expects increasing food inflation to bolster earnings for European grocery retailers over the next 6-12 months. The broker forecasts UK food CPI to rise through 2026 into 2027, with a peak anticipated around January-February 2027, and rates Tesco and Jeronimo Martins as top picks while positioning Marks…
Australian equities ended the Friday session under pressure, with the S&P/ASX 200 slipping 0.70% as losses in Gold, Metals & Mining and Materials sectors outnumbered gains. Megaport, Tuas and CSL were the session's strongest performers, while Liontown, Mineral Resources and Genesis Minerals posted the largest declines. Market breadth favored declin…
Barclays downgraded Air France-KLM from equal weight to underweight and set a €10 price target, citing the transitory nature of recent revenue improvements on Asian and African routes and an expected reversion in yields and cargo rates even after raising FY2026 EBIT estimates on lower fuel cost assumptions.
The U.S. Trade Representative has proposed additional import duties of 10% or 12.5% on goods from 60 countries it accuses of failing to address forced labour. Trade lawyers, business groups and human rights experts say the tariffs - advanced under a Section 301 investigation - are unlikely to reduce modern slavery and could amplify political resist…
