Exelixis (EXEL) Surges 7.4%: Is This an Indication of Further Gains?
ZACKS· 2025-06-24 15:46
Exelixis (EXEL) shares soared 7.4% in the last trading session to close at $43.37. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.8% loss over the past four weeks.Shares rallied following the company's announcement that the late-stage STELLAR-303 study met one of its two dual primary endpoints, demonstrating a statistically significant improvement in overall survival (OS) for the intent-to-treat (ITT) population when treated w ...
ACN Q3 Earnings & Revenues Beat on Segmental Improvement, Rise Y/Y
ZACKS· 2025-06-24 15:46
Key Takeaways ACN reported Q3 EPS of $3.49, beating estimates by 5.8% and rising 11.5% year over year. Revenues grew 7.7% to $17.7B, exceeding expectations with gains across managed services and consulting. All operating segments and regions outperformed or met forecasts, led by 13% growth in financial services.Accenture plc (ACN) delivered robust results in the third quarter of fiscal 2025, driven by improved segmental performances. The earnings beat failed to impress the market as the company’s shares d ...
Is NIKE's Margin Pressure a Temporary Setback or a Red Flag?
ZACKS· 2025-06-24 15:46
Key Takeaways NIKE has been struggling with sustained margin pressures impacting profitability. Aggressive discounting to clear excess inventory and rising product costs hurt margins. Supply-chain diversification, full-price digital selling and pricing may support long-term margin growth.NIKE, Inc. (NKE) has been grappling with sustained margin pressures for a while. Margins, a critical barometer of profitability, have been under strain for NIKE, due to factors including aggressive discounting to clear ex ...
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fortrea Holdings
GlobeNewswire News Room· 2025-06-24 15:46
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Fortrea To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Fortrea between July 3, 2023 and February 28, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 24, 2025 (GLOBE NE ...
LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO
Globenewswire· 2025-06-24 15:45
Lannion, 24 June 2025 - 5.45pm LUMIBIRD PHOTONICS SWEDEN SECURES MAJOR NAVAL CONTRACT FOR VIDAR RANGEFINDERS WITH SAAB AND DALO The Lumibird Group (FR0000038242 - LBIRD), European leader in laser technologies, announces that its subsidiary Lumibird Photonics Sweden AB has been awarded a new contract by Saab to supply 57 VIDAR laser rangefinders to the Danish Defence Acquisition and Logistics Organisation (DALO). These systems will be integrated into naval fire control systems (CEROS) deployed on Royal Danis ...
Correction: Syensqo - Participation notification by BlackRock Inc.
Globenewswire· 2025-06-24 15:45
Participation notification by BlackRock Inc. Brussels, Belgium – June 24, 2025 - 8:30 CETAccording to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (12 Throgmorton Avenue, London EC2N 2DL, UK) recently sent Syensqo the following transparency notifications indicating that it crossed the threshold of 3%. Here is the summary of the moves: Date on which the threshold was crossed Voting rights after the transaction Equivalent financial instruments after the transaction Total June 17 ...
Ipsos completes the acquisition of The BVA Family
Globenewswire· 2025-06-24 15:42
Ipsos completes the acquisition of The BVA Family Paris, 24 June 2025 - Ipsos, one of the world's leading market research companies, has completed the acquisition of The BVA Family. The operation was concluded after fulfilling all necessary regulatory requirements, including in-depth consultation with employee representatives in France and obtaining relevant competition authority approvals. This acquisition is a significant expansion for Ipsos in France and adds new strength in the UK and Italy. BVA notably ...
Will Annaly Benefit From Its Portfolio Diversification Efforts?
ZACKS· 2025-06-24 15:41
Core Insights - Annaly Capital Management (NLY) benefits from a well-diversified capital allocation strategy, with an investment portfolio totaling $84.9 billion as of March 31, 2025, which includes residential credit, mortgage servicing rights (MSR), and agency mortgage-backed securities (MBS) [1][9] Investment Strategy - The diversified investment strategy is expected to contribute significantly to long-term growth and stability, allowing the company to capitalize on various opportunities while mitigating risks from overexposure to specific areas [2] - In 2022, NLY divested its Middle Market Lending portfolio and exited the commercial real estate sector, reallocating capital to enhance its core housing finance strategy and focus on residential credit, MSR, and Agency MBS [3] - The inclusion of MSRs is particularly advantageous as their value tends to rise with increasing interest rates, providing a hedge against declines in agency MBS values, which may lead to more consistent returns [4] Competitive Landscape - AGNC Investment Corp. (AGNC) adopts a proactive portfolio management approach, frequently adjusting asset allocations and hedging strategies to reduce risks and capture yield opportunities [5] - Starwood Property Trust (STWD) focuses on commercial real estate, holding a diversified portfolio of $1.02 billion as of Q1 2025, and maintains steady income through principal repayments and targeted acquisitions [6] Performance Metrics - NLY shares have increased by 9.2% over the past year, outperforming the industry growth of 4.8% [7][9] - The forward price-to-tangible book (P/TB) ratio for Annaly is 0.98X, slightly above the industry average of 0.96X [10] - Earnings estimates for NLY indicate a year-over-year increase of 6.3% for 2025 and 1.4% for 2026, with upward revisions in the past 60 days [13]
SMCI Climbs 34.1% YTD: Should You Hold or Fold the Stock?
ZACKS· 2025-06-24 15:41
Key Takeaways SMCI stock is up 34.1% YTD, outpacing its industry's 9.1% return despite recent volatility. Strong AI server demand pushed SMCI's server revenues up 19% YoY, hitting $4.5B in Q3 FY25. Margin pressure from rivals and inventory write-downs weighs on SMCI's near-term outlook.Super Micro Computer (SMCI) shares have been volatile recently, yet it returned 34.1% in the year-to-date period. Its shares have outperformed the Zacks Computer- Storage Devices industry’s decline of 0.3% in the same time ...
Mission Produce Eyes Mango Market: Smart Move or Risky Diversion?
ZACKS· 2025-06-24 15:41
Key Takeaways Mission Produce is entering the mango market using the same integrated model that drove its avocado success. AVO aims to raise mango quality and consistency to drive demand and gain long-term market share. The move supports diversification, tapping into healthy snacking trends and stabilizing performance.Mission Produce, Inc.’s (AVO) strategic entry into the mango category is a calculated move that builds on its vertically integrated model and success in avocados. As part of a broader divers ...