Group 1 - Apple has approved Spotify's U.S. app update, allowing users to access pricing information and external payment links, following a U.S. judge's order to stop charging commissions on in-app purchases [1][4] - Spotify's spokesperson highlighted that this update represents a significant milestone for transparency and choice for U.S. consumers, enabling lower prices and more control over subscriptions [2][3] - The updated app version 9.0.40 is now available on the App Store, making Spotify one of the first major apps to implement these changes [2][3] Group 2 - The U.S. District Judge ruled that Apple violated an order to reform its App Store, indicating that Apple willfully failed to comply with the order to allow developers to direct customers to their websites for purchases [5]

Core Viewpoint - Ingersoll Rand Inc. reported mixed financial results for the first quarter of 2025, with adjusted earnings per share slightly missing estimates and total revenues also falling short of expectations, despite a year-over-year revenue increase. Financial Performance - Adjusted earnings for Q1 2025 were 72 cents per share, missing the Zacks Consensus Estimate of 73 cents, and decreased by 7.7% year over year [1] - Total revenues reached $1.72 billion, slightly below the consensus estimate of $1.73 billion, but represented a 2.8% increase year over year [1] - Acquisitions contributed 8.4% to revenues, while organic revenues decreased by 3.9% [1] - Foreign currency movements negatively impacted revenues by 1.7% [1] Orders and Segment Performance - Total orders amounted to $1.88 billion, reflecting a 10.2% year-over-year increase, with organic orders rising by 3.4% [2] - The Industrial Technologies & Services segment generated revenues of $1.35 billion, accounting for 78.8% of net revenues, but saw a 1.6% decrease year over year [2] - The Precision & Science Technologies segment reported revenues of $364.7 million, representing 21.2% of net revenues, with a significant year-over-year increase of 22.9% [4] - Adjusted EBITDA for the Industrial Technologies & Services segment decreased by 5.4% year over year to $389.1 million [3] Margin and Cost Analysis - Cost of sales increased by 3% year over year to $951.3 million, while selling and administrative expenses rose by 4.1% to $350.0 million [6] - Adjusted EBITDA increased by 0.3% year over year to $459.7 million, but the margin decreased to 26.8% from 27.5% in the previous year [6] Balance Sheet and Cash Flow - At the end of Q1 2025, Ingersoll Rand had cash and cash equivalents of $1.61 billion, up from $1.54 billion at the end of December 2024 [7] - Long-term debt increased slightly to $4.77 billion from $4.75 billion in December 2024 [7] - The company generated net cash of $256.4 million from operating activities, a 58.7% increase year over year, and free cash flow rose by 124.3% to $222.7 million [8] 2025 Outlook - Ingersoll Rand expects revenues to increase by 3-5% year over year, with organic revenues estimated to decrease by 1% to increase by 1% [9] - Adjusted EBITDA is projected to be in the range of $2.07-$2.13 billion, indicating a 3-6% increase from the prior year [10] - Adjusted earnings are anticipated to be between $3.28 and $3.40 per share, reflecting flat to 3% growth from the previous year [10]

Core Insights - Interactive Brokers Group, Inc. (IBKR) reported strong performance metrics for its Electronic Brokerage segment in April 2025, highlighting significant growth in client trading activity and account numbers [1][2]. Performance Metrics - Total client Daily Average Revenue Trades (DARTs) reached 3,818,000 in April 2025, marking a 63.2% increase year-over-year and a 10% rise from March 2025 [2]. - Cleared average DARTs per customer account were 227 for April 2025, reflecting a 20.7% increase year-over-year and a 7.6% rise from the previous month [2]. Customer Accounts and Trading Activity - The total number of customer accounts grew to 3.71 million, a 32.2% increase year-over-year and a 2.6% increase from March 2025 [3]. - Net new accounts added in April were 95,100, representing a 56.7% year-over-year increase and a 27.8% sequential rise [3]. - Total options contracts traded were 137.8 million, up 30.4% year-over-year and 3% from the prior month [3]. - Futures contracts increased to 26.8 million, a 28.5% year-over-year rise and a 13.8% increase from the previous month [3]. Client Equity and Balances - Client equity at the end of April was $588.1 billion, a 28.5% increase year-over-year and a 2.5% sequential rise [4]. - Client credit balances reached $132.8 billion, up 25.5% from April 2024 and 6.1% from March 2025 [4]. - Customer margin loan balance was $58.2 billion, reflecting a 14.8% increase year-over-year but an 8.6% decline from the previous month [4]. Stock Performance - IBKR shares have increased by 45.1% over the past year, significantly outperforming the industry average growth of 20% [5].

Core Viewpoint - Viavi Solutions Inc. reported strong third-quarter fiscal 2025 results, with revenues and net income exceeding expectations, driven by growth in the Network Enablement and Service Enablement segments, although macroeconomic challenges pose concerns for future spending [1][2]. Financial Performance - Net income on a GAAP basis was $19.5 million or 9 cents per share, a significant improvement from a net loss of $24.6 million or 11 cents per share in the prior year [2]. - Non-GAAP net income rose to $33.9 million or 15 cents per share, up from $13.2 million or 6 cents per share year-over-year, surpassing the Zacks Consensus Estimate by 3 cents [2]. Revenue Breakdown - Quarterly revenues reached $284.8 million, reflecting a 15.8% year-over-year increase, exceeding the Zacks Consensus Estimate of $282 million [3]. - The Network Enablement segment generated $188 million in net sales, a 23.9% increase from $151.7 million in the previous year, driven by strong demand from service providers and network equipment manufacturers [3]. - Service Enablement segment revenues were $20.2 million, up 11.6% year-over-year, supported by healthy demand trends [4]. - Optical Security and Performance Products revenues slightly increased to $76.6 million from $76.2 million, primarily due to strength in anti-counterfeiting products [4]. - Revenue contributions from different regions included $108.1 million from America, $100.7 million from Asia-Pacific, and $76 million from EMEA, showing respective increases from the previous year [5]. Margins and Operating Performance - Non-GAAP gross margin improved to 60%, up 210 basis points year-over-year, with the NE segment's gross margin at 63.4%, an increase of 190 basis points [6]. - Total non-GAAP operating margin increased by 740 basis points year-over-year to 16.7%, with the NSE business operating margin rising to 10.4% [7]. Cash Flow and Liquidity - The company generated $7.8 million in cash from operating activities during the quarter, a decrease from $19.5 million in the prior year [8]. - As of March 29, 2025, Viavi had $374.2 million in cash and cash equivalents and $396.1 million in long-term debt [8]. Outlook - For the fourth quarter of fiscal 2025, management anticipates revenues between $278 million and $290 million, with non-GAAP earnings per share expected to be between 10 cents and 13 cents [10]. - Projected revenues for the NSE business are between $203 million and $213 million, while the OSP segment is expected to generate revenues between $75 million and $77 million [10].

Core Viewpoint - General Motors (GM) has revised its 2025 earnings forecast downward due to potential new U.S. auto tariffs, estimating a cost impact of $4-$5 billion [1][3][4]. Financial Outlook - GM now expects adjusted EBIT for 2025 to be between $10 billion and $12.5 billion, down from a previous range of $13.7 billion to $15.7 billion [4]. - Net income attributable to shareholders is projected to fall to between $8.2 billion and $10.1 billion, compared to earlier guidance of $11.2 billion to $12.5 billion [4]. - Adjusted automotive free cash flow is now expected to be in the range of $7.5 billion to $10 billion, lower than the previous forecast of $11 billion to $13 billion [4]. Impact of Tariffs - A significant factor in the downward revision is a projected $2 billion business hit from South Korea, where several key models are assembled [5]. - GM's CEO has indicated that tariff-related challenges will create significant disruption in the auto industry [2]. Stock Buyback and Analyst Revisions - GM has temporarily suspended its share buyback program until there is more clarity on the tariff impact, with $4.3 billion in repurchase capacity remaining [6]. - Analysts have begun to lower their EPS forecasts for GM for 2025, with further cuts anticipated [6]. Tariff Defense Strategy - GM aims to offset up to 30% of expected tariff-related costs through "self-help initiatives," including increasing U.S.-based vehicle and battery production [7]. - The company has increased its U.S. direct purchases by 27% since 2019, with over 80% of U.S.-built vehicle content meeting USMCA standards [8]. Market Performance - Year-to-date, GM shares have declined by 15%, which is better than Harley-Davidson's 23% drop, while Ford has seen a 2.8% increase [10]. - GM's stock trades at a forward price-to-sales (P/S) ratio of 0.25, significantly below the industry average of 2.19, indicating it may be undervalued [13]. Long-term Strategy - GM is progressing with its long-term electric vehicle (EV) strategy, being the 2 EV seller in the U.S. and achieving variable profit positive status for its EV lineup by late 2024 [16]. - The company ended the first quarter with $20.7 billion in cash and cash equivalents, indicating solid financial health [17].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1][2] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, instead they capitalize on stocks that are already trending upwards [1] - The challenge lies in determining the right entry point, as stocks can lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Opportunities - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] - LATAM (LTM) is highlighted as a strong candidate, showing a four-week price change of 1.8% and a 12-week gain of 2.3% [4][5] - LTM has a high beta of 3.49, indicating it moves 249% more than the market, suggesting significant volatility [5] Group 3: Performance Metrics - LTM has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - LTM is trading at a Price-to-Sales ratio of 0.73, suggesting it is undervalued at 73 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides LTM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to outperform the market [9]

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

TransDigm Group Incorporated (TDG) is slated to report second-quarter fiscal 2025 results on May 6, before market open.TransDigm delivered a trailing four-quarter average earnings surprise of 6.50%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The improving growth trends in commercial air travel and strong defense sales are likely to have bolstered the quarterly performance.TDG’s Power & Control Segment to Remain RobustStrong sales from the commercial aftermarket, backed by stead ...

DuPont de Nemours, Inc. (DD) registered a loss from continuing operations of $548 million or $1.33 per share for first-quarter 2025. In the year-ago quarter, the company recorded a profit of $183 million or 41 cents per share.Barring one-time items, earnings came in at $1.03 per share in the reported quarter, topping the Zacks Consensus Estimate of 95 cents.DuPont's net sales reached $3,066 million, up 4.6% year over year. The figure exceeded the Zacks Consensus Estimate of $3,040 million. The company conti ...

FuboTV Inc. (FUBO) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.02, delivering a surprise of 83.33%.Over the last four quarters, the company has surpassed conse ...