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Dow Jones: Nike, Caterpillar, Goldman Sachs Lead as Blue Chips Surge in US Market Today
FX Empire· 2025-05-27 15:09
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and financial instruments [1]. Group 1 - The website provides general news, publications, and personal analysis intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].
Granite Gains 41% in a Year: Should Investors Buy the Stock Now?
ZACKS· 2025-05-27 14:55
Granite Construction Incorporated (GVA) stock’s performance has been impressive in the past year, with a 41.4% rise compared with the Zacks Building Products - Heavy Construction industry’s 16.8% growth. Meanwhile, the Zacks Construction sector declined 3.4%, while the overall market, represented by the Zacks S&P 500 composite, has risen 9.3%.This Watsonville, CA-based infrastructure contractor expects strong opportunities across both public and private markets to support its growth in the upcoming period. ...
EME Stock Climbs 12% Post Q1: Can Data Centers Fuel Further Growth?
ZACKS· 2025-05-27 13:31
EMCOR Group, Inc. (EME) seems to be incrementally benefiting from the growing infrastructural demand across the network and communications sector, mainly data centers, healthcare, water and wastewater market sectors. Its major contributing segment, the U.S. Construction segment, has been witnessing robust trends thanks to this favorable market movement.Since its first-quarter 2025 earnings release, EME stock has risen 12.2%, outperforming the broader Construction sector and the S&P 500 index, but hovering b ...
Safe and Green Holdings Enters into Agreement with Three Pines Leasing to Supply Modular Office and Storage Units to Government Agency
Globenewswire· 2025-05-27 13:30
Group 1 - The company has entered into a contract with Three Pines Leasing to supply multiple modular units expected to be leased by a U.S. government agency, marking the beginning of several anticipated contracts throughout 2025 [1][2] - The company specializes in converting shipping containers into functional spaces such as offices and storage units, leveraging its expertise in modular construction [2][3] - Safe & Green Holdings operates as a leading modular solutions company, focusing on the development, design, and fabrication of modular structures to meet the demand for sustainable solutions across various industries [3] Group 2 - The relationship with Three Pines Leasing is emphasized as a key partnership, with expectations for further opportunities to provide modular spaces to their partners [2] - The current contract aligns with previous projects undertaken by the company for the same government agency, indicating a history of successful collaboration [2]
Multi Ways Holdings Reports Financial Results for Fiscal Year 2024
Globenewswire· 2025-05-27 12:00
SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways”, the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced fiscal year 2024 financial results. "We are pleased to report on the strategic advancements Multi Ways Holdings Limited has achieved over the past year," said Mr. James Lim, Chairman and Chief Executive Officer of Multi Ways Ho ...
nexxbuild Announces Strategic Merger with Investcorp Europe Acquisition Corp I (IVCBF:US)
Globenewswire· 2025-05-27 11:00
WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) -- In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the "Merger") with Investcorp Europe Acquisition Corp I (IVCBF:US) ("IVCB"). This partnership signifies a step in nexxbuild's mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach. "Today marks the beginning of an exciting fu ...
ECG IMPORTANT DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Everus Construction Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – ECG
GlobeNewswire News Room· 2025-05-26 20:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Everus Construction Group, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who acquired Everus Construction common stock between October 31, 2024, and February 11, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Case Background - The lawsuit alleges that during the Class Period, defendants made false or misleading statements regarding Everus Construction's backlog conversion cycle, which had become elongated due to larger, more complex projects [5]. - It is claimed that as a result of these issues, revenue recognition for Everus Construction would be delayed, and positive statements about the company's business and prospects were materially misleading [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].
Dycom Jumps 39% in 3 Months: Should You Buy, Sell or Hold the Stock?
ZACKS· 2025-05-26 16:00
Core Viewpoint - Dycom Industries, Inc. has shown strong stock performance, significantly outperforming its industry and the broader market over the past three months, with a stock price increase of 38.9% compared to the industry's 11.5% growth [1][5]. Financial Performance - In the first quarter of fiscal 2026, Dycom reported adjusted earnings and contract revenues that exceeded the Zacks Consensus Estimate, with a year-over-year revenue increase of 10.2% driven by strong contributions from AT&T and other customers [2]. - The company's backlog at the end of the fiscal first quarter reached $8.127 billion, up from $7.760 billion at the end of fiscal 2025 and $6.364 billion in the first quarter of fiscal 2025, with $4.685 billion projected to be completed in the next 12 months [11]. Growth Drivers - Dycom is experiencing growth in fiber-to-the-home projects and maintenance contracts, benefiting from customers increasing or reconfirming fiber deployment targets [10]. - The company is expanding its work with hyperscalers by connecting fiber networks and data centers, which opens new markets and enhances its digital infrastructure services [12]. - The service and maintenance segment is a steady source of recurring revenues, with significant new contracts secured during the quarter [14]. Market Position and Valuation - Dycom's stock is currently trading at a premium relative to its industry and historical metrics, with a forward 12-month price-to-earnings (P/E) ratio above the five-year average [17]. - The company's P/E ratio is higher than some industry peers, such as MasTec, EMCOR, and Fluor, which trade at 23.28X, 19X, and 15.67X, respectively [19]. Challenges - Ongoing tariffs and trade tensions pose risks for equipment costs and project margins, with expected increases in costs for offshore-sourced equipment components [20]. - Despite these challenges, Dycom's focus on fiber-to-the-home and hyperscaler initiatives supports long-term growth visibility [21].
ECG Deadline: ECG Investors with Losses in Excess of $100K Have Opportunity to Lead Everus Construction Group, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-05-24 19:39
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Everus Construction Group, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who acquired Everus Construction common stock during the Class Period or through the spinoff from MDU Resources may be eligible for compensation without any out-of-pocket fees [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. - The lawsuit alleges that Everus Construction made false or misleading statements regarding its business operations, which led to investor damages when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, highlighting the firm's expertise in this area [4].
ECG IMPORTANT DEADLINE: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Everus Construction Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – ECG
GlobeNewswire News Room· 2025-05-23 22:35
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Everus Construction Group, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who acquired Everus Construction common stock between October 31, 2024, and February 11, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Case Background - The lawsuit alleges that during the Class Period, defendants made false or misleading statements regarding Everus Construction's backlog conversion cycle, which had become elongated due to larger, more complex projects [5]. - It is claimed that this elongation led to delays in revenue recognition, and the positive statements made by defendants about the company's business and prospects were materially misleading [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].