Ferguson Enterprises reported a 3.6% year-over-year sales increase to $7.50 billion for the March quarter, surpassing estimates. Adjusted EPS rose 9.1% to $2.28, also beating expectations. Growth was driven by 2.8% organic and 0.8% acquisition gains, with U.S. residential sales declining 1% due to weak housing demand, while non-residential demand grew 8%. The company expects low to mid-single-digit sales growth and an adjusted operating margin of 9.4% to 9.8% for 2026, focusing on water infrastructure and large projects despite economic uncertainty.
Mastercard and Intel are approaching the $500 billion market capitalization milestone in 2026 due to strong growth prospects. Mastercard benefits from the global shift to digital payments, showing revenue growth of 16-17% and expanding into cybersecu...
AMD introduced its Helios rack-scale AI solution, claiming a 30% improvement in inference tokens per dollar compared to Nvidia. The company secured significant AI infrastructure contracts, including a 2GW compute deal with Anthropic and deployments o...
Tom Lee, BitMine Chairman, forecasts Ethereum reaching $250,000 per token long-term, citing its transition to Ethereum 2.0 as a key phase similar to Amazon and Nvidia's past growth. He argues Ethereum will become 'productive money' in an AI-driven ec...
The abrdn Global Infrastructure Income Fund (ASGI) currently trades at a 10.69% premium to its net asset value, well above its usual discount. It offers a strong 10.7% dividend yield, supported by net realized gains, though this reliance could be ris...
Tesla reported record revenues and vehicle deliveries in Q2, showing strong top-line growth across automotive, energy, and services sectors. However, earnings remain under pressure due to increased operating expenses and capital expenditures. The com...
