Pernod Ricard reported FY26 earnings per share of €5.85, falling short of initial growth expectations. However, the company is viewed as fundamentally strong, with the current downturn seen as a temporary cyclical normalization rather than a structural decline. Long-term growth of 2-3% is expected, driven by pricing power and emerging markets. Pernod Ricard's robust free cash flow, high cash conversion, and resilient margins support its ability to maintain dividends and weather economic downturns. The price target has been updated to €82 per share with a 'Buy' rating, highlighting the stock's undervaluation and attractive risk/reward profile at current levels.
In 2026, among defensive stocks, Johnson & Johnson outperformed with a 35% gain driven by strong oncology and immunology sales and a robust pipeline. Coca-Cola followed with a 28% rise, benefiting from steady global volume and pricing power, while Pr...
Broadcom and Marvell recently reported strong AI chip revenues, with Broadcom posting $29.59 billion and Marvell $2.739 billion in their latest quarters. Broadcom's AI semiconductor revenue surged 221% year-over-year, driven by custom XPUs and major ...
Investors pulled $700 million from the iShares Expanded Tech-Software Sector ETF (IGV) just hours before Snowflake reported a strong quarter with 37% product revenue growth and an increased full-year forecast, driven partly by AI. Despite Snowflake's...
In 2026, AI datacenter spending has driven strong gains in U.S. optics stocks, with Applied Optoelectronics leading at a 203% year-to-date increase. Lumentum and Coherent also posted gains of 139% and 53%, respectively, outperforming the broader semi...
Advanced Micro Devices (AMD) reported record Q2 revenue of $11.54 billion, a 50% increase year-over-year, driven by strong demand in data centers. Management raised the total addressable market (TAM) for CPUs to $220 billion by 2030, expecting a 50% ...
