Workflow
ExxonMobil Eyes $21.7B in Trinidad Deepwater Exploration Push
ZACKS· 2025-08-13 13:55
Key Takeaways ExxonMobil signed a deal to explore 2,700 sq miles of deepwater acreage off Trinidad's east coast.XOM sees potential to repeat its offshore Guyana success in Trinidad's geological setting.Surveys start within six months, with drilling to follow, leveraging Guyana-Trinidad infrastructure.Exxon Mobil Corporation (XOM) has inked an agreement to explore a vast deepwater acreage offshore Trinidad and Tobago, marking a significant expansion of its Caribbean presence, per a Reuters report. The area, ...
Will Zanzalintinib Ease Out EXEL's Reliance on Cabometyx for Growth?
ZACKS· 2025-08-13 13:55
Key Takeaways STELLAR-303 met a primary endpoint, showing OS gains with zanzalintinib plus Tecentriq in mCRC.STELLAR-304 completed enrollment in advanced non-clear cell renal cell carcinoma patients.Phase III STELLAR-311 began, testing zanzalintinib versus everolimus in advanced neuroendocrine tumors.Exelixis ((EXEL) is developing zanzalintinib — a next-generation oral investigational tyrosine kinase inhibitor (TKI) — which inhibits the activity of receptor tyrosine kinases implicated in cancer growth and s ...
Kronos Worldwide Earnings Miss Estimates in Q2 on Low Volumes
ZACKS· 2025-08-13 13:55
Core Insights - Kronos Worldwide, Inc. (KRO) reported a second-quarter 2025 loss of 8 cents per share, a decline from earnings of 17 cents in the same quarter last year, and missed the Zacks Consensus Estimate of earnings of 13 cents [1][8] - Net sales decreased by approximately 1.2% year over year to $494.4 million, primarily due to lower average titanium dioxide (TiO2) selling prices, an unfavorable product mix, and reduced sales volumes in export markets, partially offset by higher sales volumes in North America. This figure also missed the Zacks Consensus Estimate of $501 million [2][8] KRO's Volumes and Pricing - TiO2 production volumes fell by 8.8% year over year to 125 thousand metric tons in the second quarter, while TiO2 sales volumes decreased by 1.5% to 132 thousand metric tons [3] KRO's Financials - The company ended the quarter with cash and cash equivalents of $18.9 million and long-term debt of $501.4 million [5] KRO's Segment Performance - TiO2 segment profit was reported at $10.9 million, down from $41.1 million a year ago, primarily due to reduced operating income from unfavorable fixed cost absorption, higher-cost inventory from the previous quarter, and currency fluctuations [4] KRO's Outlook - The company anticipates continued demand pressure until tariff uncertainties are resolved, with unclear potential impacts from global tariff and trade tensions on demand for the remainder of 2025. Customer inventory levels are expected to remain low, and customers are hesitant to rebuild stock, leading to shorter order notices [6][8] KRO's Price Performance - Shares of Kronos have declined by 48.7% over the past year, compared to a 23.8% decline in the industry [7]
XOMA Royalty (XOMA) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2025-08-13 13:55
XOMA Royalty (XOMA) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of a loss of $0.12 per share. This compares to a loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +500.00%. A quarter ago, it was expected that this drug developer would post a loss of $0.26 per share when it actually produced earnings of $0.06, delivering a surprise of +123.08%.Over the last four quarters ...
Pony AI: A High-Risk, High-Reward AV Start-Up
Seeking Alpha· 2025-08-13 13:52
Core Insights - Pony AI Inc. is a China-based autonomous vehicle technology company experiencing significant operational and financial growth [1] - The company has initiated a robotaxi service and has obtained commercial licenses for its operations [1] Company Overview - Pony AI is focused on developing autonomous vehicle technology [1] - The company is actively expanding its services in the autonomous vehicle sector [1] Market Position - The launch of the robotaxi service indicates Pony AI's commitment to advancing its market presence [1] - Obtaining commercial licenses is a critical step for the company to operate legally and expand its service offerings [1]
Cenovus & Indigenous Partners Consider Joint Bid for MEG Energy
ZACKS· 2025-08-13 13:51
Group 1 - Cenovus Energy (CVE) is in advanced discussions with Canadian Indigenous groups to acquire MEG Energy, with a proposed C$2 billion ($1.45 billion) equity stake from First Nations and Métis communities [1][5] - MEG Energy is currently resisting a hostile C$6 billion offer from Strathcona Resources, prompting a strategic review to explore alternatives [2][4] - The acquisition of MEG's Christina Lake oil sands operation would create operational synergies and support long-term production growth for Cenovus [3][4] Group 2 - The Indigenous ownership aspect may facilitate regulatory approvals and aligns with the Canadian government's push for greater equity participation in resource projects [5][6] - The success of Cenovus's joint approach may depend on the speed of formalizing terms with Indigenous partners and the strategic benefits recognized by MEG's board [6]
Is the Options Market Predicting a Spike in Fidelity National Stock?
ZACKS· 2025-08-13 13:51
Group 1 - Fidelity National Information Services, Inc. (FIS) is experiencing significant activity in the options market, particularly with the Jan 16, 2026 $25.00 Call showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Fidelity National currently holds a Zacks Rank 3 (Hold) in the Financial Transaction Services industry, which is in the top 21% of the Zacks Industry Rank, but analysts have lowered earnings estimates for the current quarter from $1.55 to $1.49 per share [3] Group 2 - The high implied volatility for Fidelity National may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]
OrganiGram (OGI) Reports Q3 Loss, Beats Revenue Estimates
ZACKS· 2025-08-13 13:51
OrganiGram (OGI) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -200.00%. A quarter ago, it was expected that this cannabis producer would post a loss of $0.03 per share when it actually produced a loss of $0.05, delivering a surprise of -66.67%.Over the last four quarters, the company h ...
Fast-paced Momentum Stock JELD-WEN (JELD) Is Still Trading at a Bargain
ZACKS· 2025-08-13 13:51
Group 1: Momentum Investing Overview - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] - Fast-moving trending stocks can be appealing, but determining the right entry point is challenging, as they may lose momentum if valuations exceed growth potential [2] Group 2: JELD-WEN Stock Analysis - JELD-WEN (JELD) has shown significant recent price momentum, with a four-week price change of 30.5% [4] - Over the past 12 weeks, JELD's stock gained 45.1%, indicating strong long-term momentum [5] - JELD has a beta of 1.65, suggesting it moves 65% more than the market in either direction [5] - The stock has a Momentum Score of B, indicating a favorable time to invest [6] - JELD has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - The stock is trading at a low Price-to-Sales ratio of 0.14, meaning investors pay only 14 cents for each dollar of sales, indicating a reasonable valuation [7] Group 3: Investment Opportunities - JELD is highlighted as a strong candidate for investment, with potential for further price appreciation [8] - Other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria are also available for consideration [8] - Zacks offers over 45 Premium Screens to help identify winning stock picks based on various investing styles [9]
Fast-paced Momentum Stock inTest (INTT) Is Still Trading at a Bargain
ZACKS· 2025-08-13 13:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...