Workflow
Why Apple, Microsoft, Pfizer and other U.S. multinational corporations set up shop in Ireland
CNBC· 2025-06-12 16:10
There are 973 U.S. firms with operations in Ireland, according to the American Chamber of Commerce Ireland. Members of President Donald Trump's administration have signaled that some of that activity should return to the states. "They have all the IP for all our great tech companies and pharma companies," Commerce Secretary Howard Lutnick said in an appearance on the All-In podcast in March. "Those things got to end."Companies such as Apple, Microsoft and Pfizer appear to have taken steps to stow intellectu ...
Nasdaq Moves Higher; Oracle Shares Jump After Upbeat Q4 Results
Benzinga· 2025-06-12 16:07
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 50 points on Thursday.The Dow traded down 0.03% to 42,852.84 while the NASDAQ gained 0.24% to 19,663.38. The S&P 500 also rose, gaining, 0.26% to 6,038.05.Check This Out: Jim Cramer Is All Aboard Union Pacific, But Shows No Love For Orphan DrugsLeading and Lagging SectorsInformation technology shares jumped by 0.9% on Thursday.In trading on Thursday, industrials stocks fell by 0.5%.Top HeadlineShares of Oracle Corp. OR ...
United Natural Foods Analysts Slash Their Forecasts After Q3 Earnings
Benzinga· 2025-06-12 16:06
Group 1 - United Natural Foods Inc (UNFI) reported fiscal Q3 2025 earnings that exceeded expectations, with a quarterly sales increase of 7.5% year-on-year to $8.06 billion, surpassing the analyst consensus estimate of $7.78 billion, driven by a 4% increase in wholesale unit volumes [1] - The adjusted EPS was 44 cents, beating the analyst consensus estimate of 21 cents [1] - The company reiterated its fiscal 2025 sales guidance of $31.3 billion to $31.7 billion, compared to the analyst consensus of $31.57 billion, and reaffirmed adjusted EPS guidance of 70-90 cents against a consensus estimate of 82 cents [2] Group 2 - United Natural Foods maintained its adjusted EBITDA outlook of $550 million to $580 million and announced the termination of a major supply agreement as part of a strategic pruning to enhance profitability [2] - Following the earnings announcement, shares of United Natural Foods fell 2.1% to trade at $21.67 [3] - Analysts adjusted their price targets for United Natural Foods, with BMO Capital lowering it from $32 to $25, Deutsche Bank from $33 to $24, and UBS from $30 to $26 [6]
Lithia Acquires 2 Stores in Southeast Region, Updates Buyback Plan
ZACKS· 2025-06-12 16:06
Key Takeaways LAD acquired two Mercedes-Benz stores in TN and MS, adding $220M in annualized revenues. Year-to-date acquisitions now total $400M in expected annualized revenues for LAD. So far this year, LAD repurchased 729K shares for $230M, with $589M still authorized for buybacks.Lithia Motors, Inc. (LAD) has expanded its presence in the Southeast region by purchasing two Mercedes-Benz stores in Collierville, TN, and Jackson, MS, aiming to increase store density and luxury mix. This marks LAD’s first M ...
General Motors to Make an Investment of $4B in Three U.S. Plants
ZACKS· 2025-06-12 16:06
Core Insights - General Motors Company (GM) plans to invest approximately $4 billion across three U.S. assembly plants, shifting or expanding production of two vehicles currently made in Mexico amid ongoing trade negotiations and tariffs imposed by the Trump administration [1][3][10] Investment Plans - GM will begin producing gas-powered Chevrolet Blazer and Equinox at two U.S. plants, repurposing an idled Michigan plant for gas-powered SUVs and trucks starting in 2027 [2][5] - The investment will expand GM's U.S. production capacity to over two million vehicles annually by 2027, with specific plants focusing on both gas-powered and electric vehicles [4][10] Production Strategy - The production of the Blazer will fully relocate to the U.S., while Equinox output will supplement existing production in Mexico, which will continue to serve other markets [2][10] - GM's Factory ZERO in Detroit will focus exclusively on electric vehicles, while the Fairfax Assembly in Kansas will begin building the gas-powered Equinox by mid-2027 [4][5] Financial Outlook - GM maintains a capital spending forecast of $10–$11 billion for 2025 and anticipates annual spending of $10–$12 billion through 2027, reflecting a cautious approach to production plans in light of tariffs [6][10] - The company is taking a wait-and-see approach regarding regulatory clarity, with potential international trade agreements providing some reassurance [6] Market Position - GM currently holds a Zacks Rank of 5 (Strong Sell), while other auto stocks like CarGurus, Strattec Security Corporation, and Michelin have better rankings [7]
BLK & Jio Financial's JV Gets Approval to Act as Investment Adviser
ZACKS· 2025-06-12 16:01
Key Takeaways Jio BlackRock gains SEBI approval to operate as an investment adviser in India. The JV merges BLK's global expertise with Jio Financial's digital reach and local insights. Jio BlackRock previously secured approval to launch mutual fund operations in India.BlackRock Inc. (BLK) and India-based Jio Financial’s joint venture (JV), Jio BlackRock Investment Advisers, obtains approval from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser in India.Earlier this ye ...
Agentforce in 4,000+ Deals: Can Salesforce Monetize the Momentum?
ZACKS· 2025-06-12 16:01
Key Takeaways Salesforce's Agentforce has surpassed 4,000 paid deals and $100M in annualized recurring revenues. 30% of recent bookings came from repeat buyers, showing growing adoption and bundling with Data Cloud. CRM is scaling sales teams and revamping pricing to drive faster Agentforce adoption despite tough rivals.Salesforce's (CRM) Agentforce platform, which uses artificial intelligence (AI) to help companies automate tasks and improve customer service, is growing quickly. In just two quarters, Sal ...
ALSN to Acquire Dana's Off-Highway Unit, Realize $120M in Synergies
ZACKS· 2025-06-12 16:01
Key Takeaways Allison to buy Dana's Off-Highway business for $2.7B to broaden its industrial offerings. The Off-Highway unit made up 27% of Dana's 2024 revenues and operates in over 25 countries. ALSN expects $120M in annual synergies and aims to close the cash-and-debt deal by Q4 2025.Allison Transmission Holdings, Inc. (ALSN) has entered into an agreement with Dana Inc. (DAN) to acquire its Off-Highway business for approximately $2.7 billion. The unit to be acquired manufactures mobile drivetrains and m ...
HOOD's May 2025 DARTs Rise Y/Y: Is Product Expansion a Catalyst?
ZACKS· 2025-06-12 16:01
Key Takeaways HOOD's May 2025 equity, options and crypto DARTs rose 15%, 50%, and 66.7% year over year, respectively. Robinhood launched new products like Futures, Index Options, and U.K. trading to expand its client base. HOOD shares surged 101% YTD, with 2025 and 2026 earnings projected to grow 11.9% and 20.5%, respectively.Robinhood Markets, Inc. (HOOD) has released the monthly operating data for May 2025. It reported a rise in equity, options, and crypto Daily Average Revenue Trades (DARTs) from the y ...
Cloud Powers Oracle's Q4 Earnings: ETFs to Gain
ZACKS· 2025-06-12 16:01
Oracle (ORCL) reported solid fourth-quarter fiscal 2025 results on Wednesday after the bell, outpacing earnings and revenue estimates. It lifted its fiscal 2026 revenue growth forecast, citing robust demand for its cloud offerings from companies deploying artificial intelligence.Oracle shares popped up about 8% in after-market hours on elevated volumes. The smooth trading is likely to prevail in the ETFs with the highest allocation to this software giant. These include Pacer Data and Digital Revolution ETF ...