Daily News Round Up
Tuesday, 13 May 2025
- U.S.-China Trade Tensions De-escalate, Boosting Market Sentiment: A 90-day tariff truce and significant reductions in reciprocal tariffs between the U.S. and China spurred a broad market rally, with major indices (S&P 500 +3.19%, Nasdaq +4.16%) and sectors (Tech, Industrials) experiencing substantial gains. (FMP) This shift in policy reduces immediate recession risk (Goldman Sachs reduced U.S. recession probability to 35% from 45%) and could unlock capital flows into risk assets, though the relief may be temporary. (FMP)
- Easing Inflation & Shifting Monetary Policy Expectations: India’s inflation eased to 3.16% in April, while investor demand for U.S. bond funds rebounded, suggesting moderating inflation concerns. (CNBC) Coupled with reduced recession fears from the tariff agreement, this could delay the expected timing of Federal Reserve rate cuts (Goldman Sachs now anticipates only one cut in December 2025) while providing support for cyclical sectors. (FMP)
- Sector-Specific Impacts from Trade & Economic Shifts: The de-escalation in trade tensions is driving outperformance in sectors previously vulnerable to tariffs, including industrials, semiconductors, and technology, as evidenced by gains in stocks like Apple, Dell, and Nvidia. (Market Watch) Additionally, the lifting of the Boeing delivery ban in China provides a positive catalyst for the aviation sector. (FMP)
- Corporate Earnings & Guidance Remain Mixed Amidst Macro Uncertainty: Despite generally positive Q1 earnings (78% of S&P 500 companies beating expectations), companies are exhibiting cautious forward guidance. (See It Market) DraftKings revised down its full-year revenue and EBITDA outlook, while Honda significantly lowered its fiscal year 2026 operating profit forecast due to tariffs and currency headwinds. (FMP) This suggests continued macro challenges are impacting profitability and require selective stock picking.
- Increased Market Volatility & Rotation into Value: While the tariff news sparked a broad risk-on rally, recent developments like the U.S.-China trade deal and changing economic outlook indicate a possible shift in market dynamics. Particularly, the resurgence of a “Trump Put” (investor confidence in government intervention to avoid recession) is gaining traction and might lead to a rotation towards value stocks and sectors. (CNBC)
What happened yesterday?
Macro
Economic Growth: Understanding the economy requires recognizing the predictable sequence of the Business Cycle, which is critical for long-term investment strategies. The EPB Four Economy Framework segments the economy into Leading, Cyclical, Aggregate, and Lagging economies, each providing unique insights. (Seeking Alpha)
Economic Growth: For a few tense days last month, it looked like a roaring bull market for U.S. stocks was coming to an end after an impressive 2½ year run. (Market Watch)
Inflation: India’s headline inflation eased to 3.16% in April, the sixth consecutive month of decline. (CNBC)
Inflation: Strong investor demand for U.S. bond funds returned last week, in sharp contrast to outflows seen over the past month, according to Barclays. (Market Watch)
Inflation: Consumer prices likely rebounded in April as the first bite to Americans’ pocketbooks started to hit, economists say. (Market Watch)
Interest Rates: Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. (Reuters)
International relations: Asian markets generally climbed on Tuesday following a de-escalation in U.S.-China trade tensions, spurred by Monday’s tariff reductions: the U.S. cut tariffs on China from 145% to 30%, while Beijing reduced duties on U.S. goods from 125% to 10%. Japan’s Nikkei 225 rose by 1.7%, the TOPIX by 1.2%, Australia’s ASX 200 increased by 0.7% (reaching its highest point since late February), Singapore’s Straits Times gained 0.7%, and South Korea’s KOSPI edged up 0.4%. Chinese benchmarks underperformed: the CSI 300 and Shanghai Composite both increased by 0.2%, while the Hang Seng declined by 1.7% from a one-month peak. Xiaomi (HK:1810) shares fell by 4%. Investors are awaiting the U.S. Consumer Price Index release on Tuesday and anticipate potential impacts on Fed easing expectations. (FMP)
International relations: Goldman Sachs reduced its U.S. recession probability to 35% from 45% following a 90-day tariff truce with China. The firm increased its 2025 quarterly GDP growth forecast to 1%, a 0.5 percentage point increase. Goldman now anticipates one Federal Reserve interest rate cut in December 2025, down from three previously, with two additional cuts slated for March and June 2026. The agreement involved cutting U.S. tariffs on China to 30% from 145% and reducing China’s duties on the U.S. to 10% from 125%. (FMP)
International relations: U.S. tariffs on China have been reduced to 30% from 145%, while Chinese duties on U.S. goods have decreased to 10% from 125%. The potential removal of a 20% fentanyl-related tariff is also anticipated. Citi analysts view this as “more positive than expected,” forecasting gains for Hong Kong and mainland Chinese equities. The agreement reduces the need for previously anticipated ¥1.5 trillion ($210 billion) in additional Chinese stimulus, potentially leading to a wait-and-see policy approach. Citi maintains a positive view on HK/PRC equities. (FMP)
International relations: Wall Street indexes surged on Monday, with the S&P 500 closing at its highest level since early March, due to a temporary 90-day tariff reduction deal between the U.S. and China. The S&P 500 rose by 1.2%, the Dow Jones Industrial Average increased by 0.9%, and the Nasdaq Composite climbed 1.5%. The U.S. reduced tariffs on Chinese imports from 145% to 30%, while China lowered duties on U.S. goods from 125% to 10%. Working-level trade talks are planned, and Tuesday’s CPI report will be watched to assess the impact on inflation. (FMP)
International relations: Seven of the nine indexes on our world watch list have posted gains through May 12, 2025. Hong Kong’s Hang Seng is in the top spot with a year to date gain of 20.01%. (Seeking Alpha)
International relations: Last Thursday, President Trump said “buy.” Investors saluted, clicked, and positioned for a trade breakthrough. (Seeking Alpha)
International relations: The Dow industrials added more than 1,100 points, and the Nasdaq Composite entered a new bull market. (WSJ)
International relations: US stocks surged on Monday, delivering one of their strongest single-day performances this year after the United States and China agreed to a temporary reduction in tariffs following high-stakes negotiations in Switzerland over the weekend. (Invezz)
International relations: Trump avoids repeating Herbert Hoover’s Smoot-Hawley tariff mistake — for now. (Market Watch)
International relations: The agreement between China and the U.S. to cut tariffs and moderate their trade war is a welcome development, as it suggests the worst outcome facing the U.S. economy — a devastating recession — may be averted. (Market Watch)
International relations: An idea of a “Trump put” regained steam Monday following more than a month of hard-to-digest volatility brought on by the president’s trade war. “There is optimism floating out there amongst the icebergs of uncertainty that the president won’t let this get out of hand and throw us into a recession,” said Sam Stovall, chief investment strategist at CFRA. (CNBC)
International relations: The European Commission is analysing the trade deal struck last week between the United States and Britain for implications for the 27-nation European Union and global trade, European Economic Commissioner Valdis Dombrovskis said on Monday. (Reuters)
International relations: Former Trump advisor Stephen Moore said the market rebound that came as China and the U.S. agreed to a 90-day pause on massive tariffs could signal the start of a financial revolution. (Fox Business)
Labour: Wages slowed and unemployment edged up, suggesting firms braced for higher payroll taxes and minimum wages starting in April. (WSJ)
Policy: Markets cheer tariff reprieve, Republican budget proposal includes funding cuts to Medicaid, Tesla worth $1 trillion, more news to start your day. (Barrons)
Policy: House Republicans decide to cap, rather than cut, controversial payment programs. (WSJ)
Policy: We expect the market to gyrate in the 5,000-6,000 range with a 5,500 inflection for the S&P 500 Index during the second quarter until there is greater policy clarity on tariffs. The US’s enormous budget deficits cause US rates to be among the highest in the world, which drives the dollar significantly higher and results in large trade deficits. (Seeking Alpha)
Policy: With U.S. economic growth turning negative during the first quarter, this earnings season’s results might shed some light on which companies may best weather the disruption brought about by President Donald Trump’s “liberation day” tariffs announced on April 2. (Market Watch)
Trade: The Dow Jones Industrial Average rose 1,160 points (2.8%), the S&P 500 climbed 3.3%, and the Nasdaq Composite jumped 4.4% on Monday following an agreement between the U.S. and China to pause new tariffs and reduce existing ones. U.S. tariffs on China were cut from 145% to 30%, while China’s levies on the U.S. were reduced from 125% to 10%. A 90-day cool-off period was agreed upon, during which no new duties will be imposed. Leading tech stocks included Amazon (AMZN) up 5.1%, Alphabet Class A (GOOGL) up 4.7%, and Apple (AAPL) up 4.3%. (FMP)
Trade: The S&P 500 has recovered from a post-“Liberation Day” plunge, driven by a larger-than-expected U.S.-China tariff rollback, with levies being cut to 30% and 10% respectively, compared to previously anticipated 145% and 125%. Investors now anticipate a “Trump Put” policy backstop around the mid-5,000s, up from a previous estimate in the 4,000s. Despite the rally, tariffs remain materially higher than in January. Sevens Report suggests this relief may be temporary, forecasting gains may not reach 6,000 without further policy clarity. (FMP)
Trade: U.S. stock futures surged on Monday, February 3, 2020, following an agreement between the U.S. and China to lower mutual tariffs. Dow Futures rose by 785 points (+1.9%), S&P 500 Futures increased by 142 points (+2.5%), and Nasdaq 100 Futures jumped by 689 points (+3.4%) as of 04:37 ET (08:37 GMT). The agreement includes a 90-day tariff truce, with U.S. levies on China reduced from 145% to 30% and China’s duties on the U.S. cut from 125% to 10%. April’s Consumer Price Index, due Wednesday, is expected to show a 2.4% year-over-year rise. President Trump’s executive order aims to cut U.S. drug prices by 30%-80%, impacting pharmaceutical stocks, with Novo Nordisk down 1%, Eli Lilly flat, and Bristol-Myers, Pfizer, and Merck rising by 2%-4% respectively. (FMP)
Trade: The U.S. said it would cut tariffs on low-value parcels from China to 54% from 120%, hours after Washington and Beijing agreed to a 90-day trade truce. (WSJ)
Trade: India is considering placing tariffs on some goods produced in the U.S. to counter the Trump administration’s duties on steel and aluminum products. (Fox Business)
Trade: Cross-asset implied volatilities declined modestly last week as Thursday’s US-UK trading framework announcement bolstered market sentiment ahead of this past weekend’s fruitful Sino-American trade negotiations. The VIX® Index underperformed skew by 1.2 pts over the last week. (Seeking Alpha)
Trade: A 90-day reprieve on nosebleed tariffs (InvestorPlace)
Trade: The U.S.-China 90-day delay is likely the peak trade war de-escalation, tariffs can only increase from here as the reciprocal tariffs are negotiated and added to the tariffs-in-place. The worst case has been avoided for now, but the data will eventually start reflecting the existing tariffs, as well as other Trump policies. (Seeking Alpha)
Trade: The Trump administration is serious about using tariffs to generate revenue that funds tax cuts. (Market Watch)
Trade: Cargo shipping between China and the U.S. could see another huge burst of activity as companies rush to exploit a temporary 90-day pause in trade hostilities between the two nations. (Market Watch)
Trade: The relationship reset steers the U.S. economy back on a more familiar path as the major consumer of goods as economists lower recession odds. (WSJ)
Trade: U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump’s auto-tariff measures are rippling through the car market. (Reuters)
Trade: The US and China have agreed to reduce tariffs significantly, with the US lowering tariffs on Chinese products from 145% to 30% and China reducing tariffs on American products from 125% to 10%. The deal, led by US Treasury Secretary Scott Bessent, is expected to reduce trade uncertainty and boost stock markets, as indicated by the sharp decline in the VIX index. (Seeking Alpha)
Trade: Stocks are soaring after weekend talks in Switzerland ended with the U.S. and China agreeing to reduce their so-called reciprocal tariffs. (Barrons)
Trade: The stocks of smaller companies have limped along because of tariff jitters. They popped after Washingon and Beijing stood down. (Barrons)
Trade: Last week’s news flow, market price action, and FOMC meeting set the stage for a continuation of the bull market and an opportunity for the tariff tantrum to be in the market’s rear-view mirror. The tariff policy shock likely created the bottom of a market correction that will now rebound on the back of more than just the de-escalation of tariff threats. (Seeking Alpha)
Trade: There are a few sectors in which Americans could still feel the pain of higher levies longer term. (Market Watch)
Trade: U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy.U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.Greer and Treasury Secretary Scott Bessent announced the tariff reductions at a news conference in Geneva.The two officials struck a positive tone as they said the two sides had set up consultations to continue discussing their trade issues. Bessent said at the news briefing after two days of talks that the high tariff levels would have amounted to a complete blockage of each sides goods, an outcome neither side wants. (Fast Company)
Trade: President Donald Trump said Monday that China “agreed to open” its markets to American businesses, following a mutual agreement to reduce tariffs between the two nations. The temporary easing of trade restrictions is part of a 90-day deal aimed at de-escalating tensions between Washington and Beijing. (Invezz)
Industry
Automotive: Honda Motor projects its fiscal year 2026 operating profit to be ¥500 billion (~$3.38 billion), a 59% decrease from ¥1.21 trillion reported in fiscal year 2025. This decline is attributed to U.S. tariffs on Japanese auto imports and a strengthening yen, currently assumed at ¥147.89/$1. Strong demand for hybrid vehicles like the Accord and CR-V is not offsetting these factors. Honda’s Q2 results are due in late October. (FMP)
Aviation: China has ended a month-long ban on receiving new Boeing aircraft, effective Tuesday, coinciding with a 90-day tariff de-escalation agreement between Washington and Beijing. U.S. tariffs on China have been reduced from 145% to 30%, and China has reciprocally lowered its tariffs from 125% to 10%. Chinese aviation authorities have instructed carriers to once again accept U.S.-built Boeing jets, allowing Boeing to fulfill previously delayed orders and potentially impact Q3 delivery expectations. During the ban, Boeing explored shifting undelivered jets to customers in Southeast Asia and Europe. Investors can monitor Boeing’s SEC filings via the SEC Filings API. (FMP)
Semiconductors: While investors will be more positive on the sector overall, Apple and Dell are among the tech companies that could see particular relief from recent developments. (Market Watch)
Technology: First-quarter earnings have continued to come in strong, though Big Tech is very much in the driver’s seat. (Investopedia)
Utilities: Blackstone Infrastructure Partners is in advanced discussions to acquire TXNM Energy, a regional utility serving approximately 800,000 homes and businesses in New Mexico and Texas. There is no certainty a deal will finalize. The acquisition would expand Blackstone’s U.S. energy infrastructure footprint, leveraging Blackstone’s expertise in energy and utilities to pursue modernization and distributed generation projects. Discussions are expected to continue in the coming weeks, with market participants awaiting details regarding transaction structure, valuation, and regulatory hurdles. (FMP)
Corporate
ACV Auctions Inc: ACVA (NASDAQ:ACVA) reported first-quarter 2025 earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share and improving from break-even earnings in the prior year. Revenue for the quarter ending March 2025 was $182.7 million, a notable increase from $145.69 million in the same quarter last year and exceeding expectations by 0.16%. Despite a GAAP net loss of $15 million, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million, both surpassing guidance. On May 12, 2025, VP, Corporate Controller & CAO Andrew Peer sold 10,261 shares at $17.18 each, holding 60,384 shares afterwards. ACVA anticipates 2025 revenue between $765 million and $785 million, representing a 20% to 23% year-over-year growth, and projects a GAAP net loss between $50 million and $60 million. Key financial ratios include a price-to-sales ratio of 4.48, an enterprise value to sales ratio of 4.30, a debt-to-equity ratio of 0.38, and a current ratio of approximately 1.50. (FMP)
Amazon (AMZN) / Marvell (MRVL) / Teradyne (TER) / Universal Display (OLED) / Microchip Technology (MCHP) / VF Corporation (VFC) / Axcelis Technologies (ACLS) / Lumen Technologies (LUMN): Following a U.S.–China tariff breakthrough on Monday, the Nasdaq 100 was up 4.16% and the S&P 500 was up 3.19% in premarket trading. Microchip Technology (MCHP) gained 6.2% premarket and 26.3% since early May, while VF Corporation (VFC) rose 8.6% premarket and 17% in May. Axcelis Technologies (ACLS) increased 23.2% in May, and Lumen Technologies (LUMN) surged 24% in May. Amazon (AMZN), Marvell (MRVL), Teradyne (TER), and Universal Display (OLED) all saw a 7.8%, 7.8%, 5.9%, and 5.7% premarket increase, respectively. A JPMorgan study found that skipping the 10 best trading days over the past 20 years would have reduced the S&P 500’s total return by 50%. (FMP)
Amazon / FedEx: Amazon has struck a multi-year deal with FedEx to handle certain large-package deliveries following UPS’s announcement to cut Amazon volume by over 50% by the second half of 2026 (H2 2026). FedEx shares rose by 7% on Monday in response, outperforming the broader market. The agreement will see FedEx join Amazon’s existing carriers, including UPS, USPS, and Amazon’s logistics arm, as part of a multi-carrier strategy. Investors should monitor FedEx’s Q3 earnings for volume and margin impact and UPS’s upcoming investor presentation for strategic response. (FMP)
Amazon / Nvidia / Tesla: Amazon led the Dow’s charge but other Magnificent Seven stocks also soared. (Investors Business Daily)
AMC Entertainment: AMC Entertainment will cut U.S. movie ticket prices by 50% every Wednesday, starting July 9, in an effort to boost midweek attendance. Admissions revenue dropped 11% year-over-year in Q1, the weakest start since 1996 (excluding pandemic distortions). Historically, Wednesday box-office take is 30%-40% below weekend levels. AMC anticipates potential revenue mix shifts, with a focus on concession sales margins. Q2 box-office tallies will measure the impact on midweek visits, and the Q2 earnings update, expected in early August, will provide management commentary. This is AMC’s most aggressive midweek price cut in decades, contrasting with loyalty-driven discounts from competitors like Cinemark and Cineworld. (FMP)
Amer Sports: About 20% of Amer Sports’ sourcing in 2024 came from China and Vietnam. The activewear and sports product maker has many brands. (Investors Business Daily)
Apple Inc: Apple is developing an AI-based battery management mode for iOS 19, slated for release in September, designed to extend iPhone battery life by learning individual usage patterns and optimizing power draw. The feature, built on the Apple Intelligence platform, will continuously monitor app and feature usage and adjust refresh rates to conserve energy. iOS 19 will also forecast high-drain scenarios like gaming or video streaming and preemptively reduce nonessential processes, leveraging anonymized battery telemetry from consenting users. A new lock-screen widget will provide an estimated time to full charge. Early iOS 19 beta releases are expected in June, with developer previews of APIs for conditional background execution available at the Worldwide Developers Conference. Apple may quantify the feature’s impact on user engagement and upgrade intent in its September quarter earnings call. (FMP)
Coinbase Global: Coinbase Global (NASDAQ:COIN) shares jumped over 10% in after-hours trading on Monday, May 13, following the announcement that it will be added to the S&P 500 on May 19, replacing Discover Financial Services. The stock rose to $228.16 in extended hours trading and gained nearly 4% during Monday’s regular trading session. This inclusion classifies Coinbase under the Financials sector and is expected to drive demand via passive inflows from index funds and ETFs tracking the S&P 500. The move comes despite a Q1 profit miss and a pending $2.9 billion acquisition of Deribit. (FMP)
DraftKings Inc.: DraftKings Inc. (NASDAQ:DKNG) received a “Buy” rating from Needham on May 12, 2025, with a stock price of $37.93, currently trading between $37.40 and $38.85. The company reported a 20% year-over-year revenue increase to $1.41 billion for Q1, missing the $1.44 billion Street consensus estimate. Earnings per share were 12 cents, below the expected 22 cents. Full-year revenue guidance was revised to $6.2 billion to $6.4 billion (previously $6.3 billion to $6.6 billion), and adjusted EBITDA guidance was lowered to $800 million to $900 million (previously $900 million to $1 billion). Despite these adjustments, DraftKings shares rose 4.4%, reaching $37.83, with a market capitalization of approximately $18.96 billion and a daily trading volume of 14,614,653 shares. Over the past year, the stock has ranged from $53.61 to $28.69, with a 4.69% increase from the previous day. (FMP)
Eli Lilly / Novo Nordisk / BMY / PFE / MRK: President Trump signed an executive order aiming to cut U.S. prescription drug prices by 30%–80%, aligning them with the lowest prices paid in other high-income countries. The U.S. generates approximately 75% of Big Pharma’s revenues despite having less than 5% of the global population. Initial market reactions included a -1% opening dip for Novo Nordisk (NVO), flat performance for Eli Lilly (LLY), and gains of +2%–4% for U.S. innovators like BMY, PFE, and MRK. Analysts predict significant legal and political pushback, and uncertainty regarding the order’s scope (covering all government sales versus select programs). Q2 earnings calls are expected to provide updated pricing and margin assumptions for 2025. (FMP)
FedEx / Amazon: FedEx (NYSE:FDX) shares increased by **2%** in after-hours trading on Monday following reports that Amazon (NASDAQ:AMZN) is re-engaging FedEx’s network to supplement delivery capacity, reversing their split in **2019**. Amazon cited “cost favorability” for the partnership, suggesting FedEx can offer lower rates than UPS on select routes. FedEx joins UPS, the U.S. Postal Service, and Amazon’s own last-mile network in Amazon’s multi-carrier delivery strategy. The alliance aims to bolster Amazon’s resilience during peak season and reduce logistics bottlenecks. Investors reacted positively, and FedEx’s upcoming earnings call will provide insight into the volume and margin impact of the renewed partnership. (FMP)
Nvidia: UBS analysts forecast Nvidia’s April-quarter revenue at $44 billion, slightly above the $43 billion guide, but anticipate an adjusted EPS of $0.76, missing the Street’s $0.89 consensus due to U.S. export ban on H20 GPUs. Q2 guidance is projected at $44.6 billion, below the $46.5 billion Street estimate. UBS maintains a Buy rating but reduced its 12-month price target from $180 to $175, reflecting a lowered fiscal 2026 EPS forecast of $4.22 (down from $4.86). Blackwell GB300 shipments are expected to boost data-center growth in the second half of the year; Nvidia’s Q1 report is slated for early May. (FMP)
Nyxoah S.A.: Nyxoah S.A. (NASDAQ:NYXH) is a medical technology company focused on sleep apnea treatment, scheduled to release quarterly earnings on May 13, 2025. Analysts project an earnings per share (EPS) of -$0.49 and revenue of approximately $1.64 million. Key financial ratios include a price-to-earnings (P/E) ratio of -3.37, a price-to-sales ratio of 41, an enterprise value to sales ratio of 38.44, an enterprise value to operating cash flow ratio of -3.58, an earnings yield of -29.67%, a debt-to-equity ratio of 0.20, and a current ratio of 4.56. The company is currently under investigation by Pomerantz LLP for potential securities fraud, but recently received an Approvable Letter from the FDA for its Genio® system. (FMP)
On Holding / Birkenstock: On stock, Birkenstock are rallying ahead of earnings this week. Footwear stocks jumped Monday on U.S.-China tariff cuts. (Investors Business Daily)
S&P 500: The Q1 2025 earnings season heads into its final peak week with mostly positive results from S&P 500 companies thus far. With 90% of companies from the index now reporting, 78% have beaten Wall Street’s expectations, slightly better than what we’ve seen historically. (See It Market)
The Bank of N.T. Butterfield & Son Limited / PJT Partners Inc. / National Bank Holdings Corporation / FB Financial Corporation / Northrim BanCorp, Inc. / Employers Holdings, Inc.: The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has a Return on Invested Capital (ROIC) of 2.28% and a Weighted Average Cost of Capital (WACC) of 6.82%. PJT Partners Inc. exhibits a significantly negative ROIC of -1354.55% against a WACC of 7.31%. National Bank Holdings Corporation’s ROIC is 13.57%, below its WACC of 16.77%. FB Financial Corporation has a 0% ROIC and a WACC of 17.56%. Northrim BanCorp, Inc. reports a ROIC of 17.34% and a WACC of 13.99%. Employers Holdings, Inc. demonstrates the highest efficient capital utilization with a ROIC of 44.44% and a WACC of 6.66%, yielding a ROIC to WACC ratio of 6.67. (FMP)
UniCredit S.p.A: UniCredit S.p.A (PNK:UNCFF) reported earnings per share of $1.94 on May 12, 2025, surpassing the estimated $1.71, during the Q1 2025 earnings call. Revenue reached approximately $7.09 billion, exceeding the estimated $6.06 billion, driven by increased fee income, leading the company to raise its annual guidance. The company has a price-to-earnings (P/E) ratio of 11.35, a price-to-sales ratio of 3.62, an enterprise value to operating cash flow ratio of -8.19, and an earnings yield of 8.81%. (FMP)
Vastned: • Fair value of real estate portfolio increases by € 15.4 million (+ 1.2% compared to 31 December 2024 – pro forma). • EPRA earnings of € 0.48 per share for the first quarter of 2025. (GlobeNewsWire)
