John Murphy, a veteran Wall Street auto analyst, launched Murphy Automotive Partners and introduced the Murphy Automotive Product Pipeline (MAPP) report. The report predicts a significant product slump in the US auto industry through 2028, with the average vehicle age reaching a historic high due to delayed model updates. It forecasts a market shift where hybrid vehicles will more than double their share by 2031, surpassing pure electric vehicles, which are expected to stagnate below 2024 levels. The report emphasizes that product innovation, not hype, will determine which brands survive, highlighting risks for some well-known automakers. Full MAPP report and brand survival rankings will be available to subscribers in July 2026.
Randstad reported revenue and earnings that exceeded expectations, driven by improving business trends and key labor markets. This positive performance signals momentum in the employment services sector. RBC Capital maintained a 'Sector Perform' rati...
MSC Industrial Supply reported strong Q4 results with revenue rising 10.3% year-over-year to about $1.08 billion, surpassing estimates. Adjusted earnings per share increased to $1.45 from $1.09, also beating expectations. Full-year sales grew 6.4% to...
ARMOUR Residential REIT reported a $327 million net loss for Q3 2026, driven by higher interest rates that reduced its book value by 17% to $14.55 per share. Despite the loss, the company earned $83.7 million in net interest income and $102.3 million...
Southern Company, an electric and gas utility, clarified it has no connection to a Mexican silver mining project, dispelling recent rumors. HSBC initiated coverage of Southern Company with a Buy rating, with shares trading at $90.39 at the time. The ...
Remittix is set to add 41 new fiat currencies to its PayFi ecosystem, enhancing crypto-to-bank and bank-to-crypto transactions globally ahead of its November 24 RTX launch. This expansion aims to support more international markets and users, includin...
