A recent Charles Schwab client survey showed that retail investors are concerned over the latest shifts in trade policy with 60% of clients expecting equity volatility to return this summer. For more, let's welcome in now Joe Maza, Charles Schwab, head of trading and derivatives strategist. Joe, it's always great to see you on the show.So, maybe start there, Joe, big picture because I know you you survey those Schwab customers and and you want to get a sense of how they're feeling. when it does come to clie ...

Market Overview - Wall Street experienced a significant rally in May, driven by expectations of a U.S.-China trade deal and delays in tariff imposition by the Trump administration on the European Union, which boosted confidence in equities [1] - The market rally is expected to continue in June, supported by declining inflation rates, with the personal consumption expenditures price index rising only 0.1% month-over-month and 2.1% year-over-year, marking its lowest level since 2025 [4] Recommended Growth Stocks - Five growth stocks are recommended for June, all of which have shown double-digit returns in the last month and possess a favorable Zacks Rank [2][3] - The recommended stocks are AppLovin Corp. (APP), Amphenol Corp. (APH), Intuit Inc. (INTU), Carvana Co. (CVNA), and Stantec Inc. (STN), each with a Zacks Rank 1 (Strong Buy) and a Growth Score of A or B [3] AppLovin Corp. (APP) - AppLovin is focused on enhancing marketing and monetization for mobile app developers through its software-based platform [7] - The company reported strong fundamentals, with an expected revenue growth rate of 24.3% and earnings growth of 85.2% for the current year, driven by its AI-powered AXON 2.0 technology [10][9] Amphenol Corp. (APH) - Amphenol provides connectivity solutions utilizing AI and machine learning technologies, with a diversified business model that supports growth across various sectors [11][12] - The company anticipates a revenue growth rate of 32.3% and earnings growth of 40.7% for the current year, bolstered by increased defense spending and the Andrew acquisition [13] Intuit Inc. (INTU) - Intuit benefits from steady revenues across its Online Ecosystem and Desktop business segments, with strong performance in its Credit Karma and cloud-based services [14][15] - The expected revenue growth rate for Intuit is 14.8%, with earnings growth projected at 18% for the current year [17] Carvana Co. (CVNA) - Carvana's acquisition of ADESA's U.S. operations has enhanced its logistics and auction capabilities, positioning it for significant growth in the used car market [18] - The company expects a revenue growth rate of 31.4% and more than 100% earnings growth for the current year, with a focus on improving operational efficiency [20] Stantec Inc. (STN) - Stantec provides a range of professional consulting services in planning, engineering, and environmental sciences, focusing on infrastructure and facilities projects [22][23] - The expected revenue growth rate for Stantec is 11.1%, with earnings growth projected at 18.6% for the current year [24]

Microchip (MCHP) FY Conference May 14, 2025 03:00 PM ET Speaker0 Alright. Let's go ahead and get started. Good afternoon. Welcome to JPMorgan's fifty third Annual Technology, Media, and Communications Conference. My name is Harlan Sur. I'm the semiconductor and semiconductor capital equipment analyst for the firm. Very pleased to have Eric Bjornholt, chief financial officer of Microchip, here with us today. Microchip, top five microcontroller supplier globally, number three market share in industrial market ...

Landstar System (LSTR) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Good morning, and welcome to Lonestar Systems Incorporated First Quarter Earnings Release Conference Call. All lines will be on a listen only mode until the formal question and answer session. Today's call is being recorded. If you have any objections, you may disconnect at this time. Joining us today from Lone Star are Frank Lonegro, president and CEO Jim Applegate, vice president and chief scope corporate sales strategy and spe ...

Clarus (CLAR) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Matthew Berkowitz - Managing DirectorWarren Kanders - Executive ChairmanNeil Fiske - President - Black Diamond EquipmentMichael Yates - CFOPeter McGoldrick - Vice PresidentJoseph Gonzalez - Equity Research Associate Conference Call Participants Mark Smith - Senior Research AnalystAnna Glaessgen - Senior Research Analyst Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Cla ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated GAAP net investment income of $0.40 per share and adjusted net investment income of $0.41 per share, representing a decline of $0.04 per share from the prior quarter due to tighter yields and lower base rates [7][14] - The net asset value (NAV) as of March 31 was $16.63 per share, down from $16.80 per share as of December 31 [8] - Total investment income for the first quarter was $55 million, consistent with the prior quarter, while total expenses increased to $33 million primarily due to higher interest expenses [13] Business Line Data and Key Metrics Changes - The company added approximately $180 million in organic originations to its portfolio during the quarter, despite muted sponsor M&A activity [8] - The total size of the portfolio increased from $1.9 billion to $2.5 billion, bolstered by the merger with CSL3 and the consolidation of Credit Fund II [9] - The portfolio comprised 195 investments in 138 companies across more than 25 industries, with 94% of investments in senior secured loans [12] Market Data and Key Metrics Changes - The broadly syndicated and private credit markets remained competitive, with recent volatility around tariffs posing a near-term headwind to capital markets and M&A activity [9][10] - Non-accruals increased to 1.6% of total investments at fair value, indicating some underperformance in a handful of names [17] Company Strategy and Development Direction - The strategic merger with CSL3 is expected to improve liquidity and reduce costs while maintaining the existing investment strategy due to the near 100% overlap between the portfolios [11] - The company is focused on overall credit performance and diversification, with a selective underwriting approach to take quality credits at the top of the capital structure [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted minimal direct risk from tariffs, estimating that less than 5% of the portfolio has material direct exposure [10] - The company anticipates a strong pipeline of transactions in the second quarter, aiming to reach its target leverage range of 1.0 [35][36] Other Important Information - The Board of Directors declared a second-quarter dividend of $0.40 per share, representing an attractive yield of about 11% based on the recent share price [15] - The company has $0.85 per share of spillover income generated over the last five years, providing comfort in maintaining the base dividend [15] Q&A Session Summary Question: On the credit fund, what does the dividend look like going forward? - Management indicated that the dividend is expected to be flat in the near term, with overall NII being roughly neutral due to higher ROE on a lower capital base [25] Question: Is there any asset rotation expected post-merger? - Management confirmed that the merger resulted in a reduction in yield by about 15 basis points, with plans to selectively rotate lower spread assets into the current joint venture for better returns [31][32] Question: How does the company plan to drive leverage back into the target range? - Management aims to achieve the target leverage range over the next couple of quarters, with a strong pipeline of transactions anticipated for the second quarter [35][36] Question: How much spillover income is expected to support the dividend? - Management stated that while spillover income may support the dividend, the extent and speed of the impact from the SOFR curve remain uncertain [39][42]

Carlyle Secured Lending (CGBD) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Hello. Good day, and thank you for standing by. Welcome to the Carlyle Secured Lending, Inc. First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Michel Mehta, Head ...

Core Insights - Churchill Downs Inc. has paused a nearly $1 billion revamp of its racetrack facilities due to rising uncertainty surrounding construction costs influenced by tariffs and macroeconomic conditions [5][9][10] Group 1: Planned Projects - The company had initially planned to invest up to $920 million in capital projects to enhance and expand the Kentucky Derby racetrack, including the installation of 13,300 seats and new premium hospitality experiences [1][2] - Additional plans included constructing new permanent structures in the infield for premium ticket holders and general admission areas [4] Group 2: Economic Factors - The decision to halt the projects was attributed to significant inflation risks and unquantifiable cost increases in materials due to tariffs imposed by the U.S. government [7][9] - CEO Bill Carstanjen indicated that the evolving economic landscape would be assessed to determine the timing and sequencing of the multi-year projects [9][10] Group 3: Ongoing Investments - Despite the pause on the major revamp, Churchill Downs announced smaller renovations costing between $25 million to $30 million for existing facilities like the Finish Line suites and Trophy Room [11] - The company remains committed to long-term growth of the Kentucky Derby through prudent capital investments [10] Group 4: Economic Impact - The Kentucky Derby significantly contributes to the local economy, with an estimated economic impact of $400 million from last year's race [13]

Utrecht, 2 May 2025 Aalberts reports first quarter 2025 resultsIn the first quarter Aalberts realised EUR 778.3 million revenue, which translates into 3.3% organic revenue decline compared to the first quarter of last year. We realised EUR 105.7 million EBITA or 13.6% EBITA margin. In challenging market environments, we continued our focus on cost out and inventory optimisation initiatives. The added value margin remained on a good level. Thanks to our local footprint, supply chain and pricing excellence, ...

Third Quarter Fiscal 2025 Earnings Call Presentation May 2, 2025 SAFE HARBOR STATEMENT Statements contained in this presentation that are not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "should," "could," "may," "will," "expect," "believe," "estimate," "anticipate," "intends," "continue," or similar terms or variations of th ...