Core Viewpoint - Southern Company has announced the pricing of $1.45 billion in Convertible Senior Notes, reflecting an increase of $200 million from the previously announced offering size, with an expected closing date of May 23, 2025 [1][4]. Group 1: Offering Details - The Convertible Notes have a 3.25% interest rate, payable semiannually, and will mature on June 15, 2028 [2][3]. - The initial conversion rate is set at 8.8077 shares per $1,000 principal amount, equating to a conversion price of approximately $113.54 per share, representing a 25% premium over the last reported sale price [2][3]. - An option for initial purchasers to buy an additional $200 million in Convertible Notes is available within 13 days of issuance [1]. Group 2: Use of Proceeds - Southern Company estimates net proceeds of approximately $1.44 billion, or $1.63 billion if the additional option is fully exercised, which will primarily be used to repurchase existing Convertible Notes and for general corporate purposes [4]. - Approximately $1.25 billion of the net proceeds will be allocated to repurchase about $781.6 million of Series 2023A Convertible Notes and $328.1 million of Series 2024A Convertible Notes [4]. Group 3: Repurchase Transactions - The company has entered into privately negotiated transactions to repurchase portions of the Existing Convertible Notes, with terms dependent on various market factors [5]. - There is an expectation that holders of the Existing Convertible Notes may engage in derivative transactions or stock trades to hedge their exposure related to these repurchase transactions [6][7].

Core Insights - Liferay DXP is now available in AWS Marketplace, enhancing accessibility for AWS customers [1][2] - The integration allows for streamlined purchasing and management of Liferay DXP within AWS [2][4] - Liferay DXP offers features such as content management, commerce, and workflow automation, aimed at improving digital experiences [3][4] Company Overview - Liferay is a provider of digital experience platforms, enabling organizations to create and manage solutions across various industries [5] - The platform is open-source and supports the development of marketing websites, customer portals, and intranets [5] - Liferay is trusted by over a thousand companies globally, emphasizing its reliability and flexibility in digital solutions [5]

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British Columbia (the "2025 AGM"). Each of the matters that were voted upon at the 2025 AGM are described in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is availab ...

Core Points - The Trump administration has dropped a lawsuit against Southwest Airlines regarding chronic flight delays, which was originally initiated by the Biden administration's Department of Transportation (DOT) [1][6][9] - Southwest Airlines expressed appreciation for the DOT's decision to abandon the lawsuit, asserting that it was the correct outcome [2] - The lawsuit accused Southwest of operating multiple chronically delayed flights and disrupting passenger travel, particularly focusing on two flights during the COVID-19 pandemic [2][5] Summary by Sections Lawsuit Background - The lawsuit was filed in January during the final days of the Biden administration, claiming that Southwest Airlines was operating flights that were chronically delayed [2][5] - The two specific flights involved were between Chicago Midway International Airport and Oakland, California, and another between Baltimore and Cleveland, affecting 180 passengers from April to August 2022 [5] Airline's Response - A Southwest spokesperson stated that the delays were due to unprecedented challenges posed by the COVID-19 pandemic and were often outside of the airline's control [3][4] - The spokesperson highlighted that since the pandemic, Southwest has made significant investments to improve operational reliability, aiming to provide best-in-class service [4] Department of Transportation's Position - The DOT has indicated that the lawsuit "should have never been brought forward" and acknowledged that Southwest has addressed the underlying issues [8] - The DOT emphasized the need for airlines to provide accurate departure and arrival times, which was part of the complaint against Southwest [7]

Group 1 - Luminar is undergoing another restructuring following the replacement of CEO Austin Russell due to an ethics inquiry [4][5] - The company has initiated additional layoffs starting May 15, with expected cash charges of $4 million to $5 million [3] - In 2024, Luminar cut approximately 30% of its workforce, resulting in 212 layoffs and anticipated costs of $4 million to $6 million [2][3] Group 2 - The leadership change involved the appointment of Paul Ricci as the new CEO, who previously served as chairman and CEO of Nuance [4] - Russell became a billionaire after Luminar went public in 2021, achieving a post-deal market valuation of $3.4 billion [6]

Core Insights - Google anticipates that its smart glasses, powered by the Android XR operating system and Gemini AI model, will serve as a convenient and omnipresent AI assistant [1] - The company has partnered with eyewear brands Gentle Monster and Warby Parker to develop stylish and comfortable Android XR-equipped glasses, with plans to add more partners in the future [1] Group 1 - The vision for Android XR is to create an AI assistant that can see the world from the user's perspective and provide hands-free assistance [2] - Android XR is described as the first Android platform developed in the Gemini era, supporting a range of devices including headsets and glasses [2] - The smart glasses will feature a camera, microphone, and speakers, allowing users to access apps without needing to hold their phones [3] Group 2 - Android XR-equipped smart glasses will offer private information through an optional in-lens display, understand user context, provide live language translation, and assist with various tasks [4] - Google has expanded its partnership with Samsung to include the development of smart glasses, creating a software and hardware platform for the ecosystem [5] - Developers will be able to start building applications for the Android XR platform later this year [5] Group 3 - The rise of AI is driving a new wave of next-generation smart glasses, with companies like Meta, Amazon, Snap, Baidu, and Xiaomi also investing in this connected wearable technology [6]

Market Performance - Major market indexes started the trading day in the red, with the Dow down 114 points (-0.27%), S&P 500 down 0.39%, and Nasdaq down 72 points (-0.38%). Only the Russell 2000 managed a slight gain of 1 point (+0.05%) [1] - The S&P 500 ended its six-day winning streak, indicating a potential shift in market momentum [1] Economic Context - No significant economic data was released, and there were no updates on tariff negotiations. Concerns are rising regarding a proposed tax bill that could significantly increase the federal deficit [2] - The U.S. credit rating has been downgraded by major credit agencies, reflecting growing fiscal concerns [2] Recovery Outlook - The anticipated "V-shaped recovery" appears to be stalling, particularly in the absence of major trade agreements. Major indexes have seen double-digit gains over the past month, but only the Dow and S&P 500 are positive year-to-date [3] Earnings Reports - Palo Alto Networks reported mixed fiscal Q3 results, with earnings of $0.39 per share, missing expectations by $0.02, but revenues of $2.3 billion exceeded consensus, marking a 15% year-over-year increase [4] - Toll Brothers exceeded earnings expectations with $3.50 per share against a consensus of $2.86, and revenues of $2.71 billion surpassed the $2.50 billion forecast. However, signed contracts were down 13% [4] Upcoming Market Events - The upcoming week lacks major economic reports until Thursday's Weekly Jobless Claims, with focus shifting to potential trade deals and the implications of the new tax bill on the federal deficit [5] - Big-box retailers are concluding the earnings season, with Lowe's and Target expected to report negative earnings estimates, while TJX Companies anticipates a 4% revenue growth [6]

Core Insights - Toll Brothers reported revenue of $2.74 billion for the quarter ended April 2025, a decrease of 3.5% year-over-year, but exceeded the Zacks Consensus Estimate of $2.5 billion by 9.54% [1] - The company's EPS was $3.50, up from $3.38 in the same quarter last year, representing an EPS surprise of 22.38% against the consensus estimate of $2.86 [1] Financial Performance Metrics - Closed/Delivered Units: 2,899, exceeding the average estimate of 2,621 units by five analysts [4] - Backlog Units: 6,063, below the average estimate of 6,738 units by five analysts [4] - Average Delivered Price: $933.60, lower than the estimated $949.89 by five analysts [4] - Net Contracts Units: 2,650, below the average estimate of 3,046 units by five analysts [4] - Average Backlog Price: $1,128.10, higher than the average estimate of $1,100.15 by three analysts [4] - Backlog Value: $6.84 billion, below the average estimate of $7.47 billion by two analysts [4] - Revenues from Home Sales: $2.71 billion, exceeding the average estimate of $2.49 billion by six analysts, representing a 2.3% increase year-over-year [4] - Revenues from Land Sales: $32.60 million, significantly higher than the estimated $18.21 million, but a decrease of 82.9% year-over-year [4] - Gross Margin from Home Sales: $704.24 million, surpassing the average estimate of $640.39 million by four analysts [4] - Gross Margin from Land Sales and Other: $1.20 million, compared to the average estimate of $0.56 million based on three analysts [4] Stock Performance - Toll Brothers shares have returned +15.1% over the past month, outperforming the Zacks S&P 500 composite's +13.1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Company Performance - RH's stock closed at $207.52, reflecting a +1.77% increase from the previous trading day's closing, outperforming the S&P 500's loss of 0.39% [1] - Over the past month, RH's shares gained 30.89%, significantly outperforming the Consumer Staples sector, which saw a loss of 0.12% [1] Earnings Expectations - The upcoming earnings report for RH is expected to show an EPS of -$0.09, representing a 77.5% increase compared to the same quarter last year [2] - Revenue is anticipated to reach $818.86 million, marking a 12.64% increase year-over-year [2] Full-Year Estimates - Zacks Consensus Estimates project RH's full-year earnings at $10.72 per share and revenue at $3.53 billion, indicating year-over-year growth of +98.89% and +11.08%, respectively [3] - Recent analyst estimate revisions for RH suggest positive sentiment regarding the company's business and profitability [3][4] Valuation Metrics - RH's current Forward P/E ratio is 19.01, which is lower than the industry average of 20.36 [6] - The PEG ratio for RH stands at 0.61, compared to the average PEG ratio of 3.57 for Consumer Products - Staples stocks [6] Industry Context - The Consumer Products - Staples industry, which includes RH, ranks 166 in the Zacks Industry Rank, placing it in the bottom 33% of over 250 industries [7] - The top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1, indicating potential challenges for RH within its industry context [7]

Company Performance - Jabil (JBL) closed at $167.51, reflecting a +0.04% change from the previous trading day's close, outperforming the S&P 500's daily loss of 0.39% [1] - Over the past month, Jabil's shares gained 29.05%, surpassing the Computer and Technology sector's gain of 19.26% and the S&P 500's gain of 13.07% [1] Earnings Expectations - The upcoming earnings report for Jabil is expected to show an EPS of $2.28, a 20.63% increase compared to the same quarter last year, with revenue anticipated at $6.98 billion, a 3.18% increase year-over-year [2] - Full-year Zacks Consensus Estimates predict earnings of $8.93 per share and revenue of $27.82 billion, indicating year-over-year changes of +5.18% for earnings and -3.68% for revenue [3] Analyst Sentiment - Recent changes to analyst estimates for Jabil are important, as positive revisions indicate optimism about the company's business and profitability [3][4] - Jabil currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [5] Valuation Metrics - Jabil is trading at a Forward P/E ratio of 18.75, which is a discount compared to the industry average Forward P/E of 18.98 [6] - The company has a PEG ratio of 1.5, while the average PEG ratio for Electronics - Manufacturing Services stocks is 1.27 [7] Industry Context - The Electronics - Manufacturing Services industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 174, placing it in the bottom 30% of all industries [8]