Eaton , a maker of power management solutions for AI data centers and other commercial markets, delivered a solid quarter on Friday that raised more questions for us than it answered. Earnings per share for the first quarter ended in March rose more than 33% from the year-ago period to $2.72, beating the LSEG compiled analyst consensus estimate by a penny. Revenue rose 7.3% to $6.38 billion, beating the LSEG compiled analyst consensus estimate of $6.26 billion. Organic sales grew 9%, far exceeding the Bloomberg estimate for a 6.8% increase. Eaton Why we own it: Eaton has exposure to several…
Author: usaeverydaylife
Trade talks will continue to be critical in the week ahead, as equities mount an impressive rally on hopes the U.S. economy is strong enough to weather the fallout from Trump’s tariffs. The S & P 500 has made a huge comeback since the post-April 2 sell-off, recouping all its losses after the latest jobs report spurred hopes the U.S. could dodge a recession, and China signaled a willingness to come to the table on trade talks. On Friday, the S & P 500 posted its longest win streak since 2004. It is trading above its 50-day moving average for…
The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX.A copy of the discretionary budget posted to the NASA website on Friday said that the change focuses NASA’s funding on “beating China back to the Moon and on putting the first human on Mars.”NASA also said it will need to “streamline” its workforce, information technology services, NASA Center operations, facility maintenance, and construction and environmental compliance activities, and terminate…
Although one quarter isn’t enough to squash all concerns, the good results were a step in the right direction. Source link
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) A simple, short-term “pair trade” for your consideration: Buy PepsiCo (PEP) … Sell Coca-Cola (KO) . Three relative performance charts are below. Pepsi’s relative performance to Coke (underperformance) is at the most extreme (most pessimistic) as at any time in history. Our thinking here: play for a countertrend move, play for short-term mean reversion. 10-year ratio chart: PEP/KO Further below the 150-day moving average than at any time in the past 10 years. Play for a countertrend move, here and now… our thinking. 20-year ratio chart: PEP/KO Further below the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThe ‘Fast Money’ traders take viewer questions on if it’s time to raise cash and where young investors should put their money during the volatility. Source link
A man shops for shoes at a Nike outlet store in Los Angeles, California on April 10, 2025.Frederic J. Brown | Afp | Getty ImagesAmerica’s largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America trade group sent a letter to the White House this week asking for an exemption to Trump’s so-called “reciprocal tariffs,” which the association said pose an “existential threat” to the footwear industry. The letter is signed by 76 footwear brands, including Nike, Adidas, Skechers and Under Armour.”Many companies making affordable footwear for hardworking lower and middle-income families…
United Airlines airplanes proceed to a runway at Newark Liberty International Airport in Newark, New Jersey, on Feb. 20, 2025.Gary Hershorn | Corbis News | Getty ImagesUnited Airlines passengers faced hourslong delays again Friday as air traffic controller staffing issues disrupted more flights at the carrier’s hub at Newark Liberty International Airport in New Jersey.More than 200 flights in and out of Newark were delayed as of midday Friday, adding to more than 1,300 other delays and cancellations earlier this week, according to flight-tracking site FlightAware. United said Thursday that FAA technology outages, runway construction and high winds led to…
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBargain Chinese retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect on Friday.In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.Temu made a name for itself in the U.S. as a destination for ultra-discounted…
Vermont made history last year when it enacted the country’s first climate superfund law. It’s designed to let the state recover money from fossil fuel companies to help pay the rising costs of climate change.If the law can survive intensifying legal challenges, that is.On Thursday, the Justice Department filed federal lawsuits against Vermont and New York, the only other state to have enacted a climate superfund law, arguing that the measures were “a brazen attempt to grab power from the federal government” and force others to pay for the states’ infrastructure spending.Hours later, West Virginia’s attorney general, John B. McCuskey,…
