Dycom raised its fiscal 2027 contract revenue forecast to $7.38B-$7.65B following a 56% jump in Q1 revenue. Dycom Industries reported fiscal first-quarter revenue of $1.965 billion, up 56% year-over-year, driven by strong demand for fiber and data center infrastructure. Ad
Capri returned to profitability in Q4 with $0.22 EPS and projected $3.525 billion revenue for fiscal 2027 amid margin recovery. Capri reported a fiscal fourth-quarter net income of $27 million, or $0.22 per share, reversing prior losses as gross margins expanded sharply. T
New Zealand’s central bank signals earlier rate hikes and a higher OCR path, supporting the Kiwi despite US growth outperformance. The Reserve Bank of New Zealand held its Official Cash Rate at 2.25% but delivered a hawkish stance in a 3-3 split vote, with Governor Anna Br
Short interest in S&P 500 stocks hits 3% of market cap, the highest since 2012, despite index trading near all-time highs. Hedge funds have increased short bets on U.S. stocks to levels not seen in over a decade, even as the S&P 500 and NASDAQ 100 approach record highs. Sh
Vanguard and iShares short-term corporate bond ETFs deliver similar risk-adjusted returns but differ in expense ratios and distribution yields. Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) target investment-g
Markets price in a likely reopening of the Strait of Hormuz after U.S.-Iran de-escalation signals, weighing on crude prices. Oil prices fell below $90 a barrel Wednesday as investors bet on a near-term resolution to U.S.-Iran tensions, reducing supply disruption risks. Ira
Biotech firm Kardigan seeks $254m in proceeds to fund Phase IIb/III trials for three cardiovascular therapies, targeting a 2024 listing. Kardigan has submitted paperwork for an initial public offering on the Nasdaq, aiming to raise funds to advance its cardiology pipeline.
NVDA shares declined after its last four quarterly reports despite beating estimates and increasing forward guidance each time. Nvidia’s stock dropped in each of the past four quarters following earnings releases, including a 1.8% decline on May 21 after reporting first-qu
A 53-year-old plans $1.2 million in withdrawals before pension kicks in, exposing portfolio to market downturns. A 53-year-old investor with $1 million in a 401(k) plans to withdraw $100,000 annually from age 63 to 70, plus $500,000 for a house, before relying on a $79,000
Micron surpasses $1 trillion market cap for the first time, while Walmart falls below after underwhelming earnings guidance. Micron (MU) reached a $1 trillion market capitalization on May 26, driven by surging demand for AI memory chips. The milestone reflects investor ent
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