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Plus, a win for ‘Y'all Street'
US stock futures were mixed on Thursday as investors waited for producer-price data to test whether the recent selloff in bonds and equities has further to run. Dow futures rose over 100 points 0.21% and S&P 500 contracts gained 0.13%, while Nasdaq 100 futures slipped 0.17% after three straight losing sessions.
Apple raised prices on its existing iPhone lineup in India by as much as 41% within hours of unveiling newer models, bucking its usual practice of discounting older variants and marking one of the steepest hikes in any market where it has repriced this year.
The S&P 500 dividend yield is currently near 1%, reflecting historically low payout levels. Buybacks and retained earnings have become more prominent capital allocation tools than dividends for S&P 500 constituents.
President Trump talks up America's "tremendous" success as he promises a 'dividend' to US adult citizens if the Republicans retain control of Congress - in a pledge totalling more than a trillion dollars. The 10-year US bond yield jumps to its highest level in three years as the Treasury Department announces plans to buy back up to 6 billion dollars in longer-term debt - triple the normal level.
Biodesix is gaining momentum in lung diagnostics, with >30% revenue growth and accelerating test volumes. BDSX boasts 80%+ gross margins and improving operating leverage, supporting a credible path to profitability despite ongoing cash burn. The stock trades at a discounted EV/Sales multiple versus peers, despite industry-leading gross margins and robust clinical evidence.
Toast is rated a Strong Buy, driven by 22% customer growth and 92.5% YoY earnings expansion despite a 20% share price decline. TOST targets 200,000 locations by 2026, with significant runway remaining in a US restaurant TAM of 875,000, and demonstrates strong pricing power. Shares trade at only 12x forward EPS ($2.71), with robust cash ($1B+), no debt, and rapid customer payback (1.5 years) supporting the investment case.
Nomad Foods is rated buy, supported by attractive valuation, strong brands, and early signs of operational turnaround. NOMD's strategy centers on M&A-driven market consolidation, leveraging established brands across 22 European markets. Margin improvement and cost-control measures are beginning to stabilize EBITDA, though high debt and financing costs remain key risks.
Defense company RTX is working with fusion energy startup Xcimer, using technology that harks back to the Cold War era.
SB Energy's offering features $430 billion in data-center deals, no operating sites and a clause giving OpenAI free rent for delays.
The EU's cybersecurity agency ENISA has been granted access to Anthropic's Mythos 5 artificial intelligence model and is now testing it, a spokesman for the European Commission said on Thursday.
Mergers and acquisitions are accelerating in the aerospace supply chain as clearer Boeing and Airbus production schedules give buyers more confidence in long-term demand, according to industry data and interviews with dealmakers and suppliers.
Brent held above $100 a barrel after Wednesday's sharp rally, as traders assessed escalating attacks on Gulf shipping and renewed Houthi strikes on Saudi Arabia.
The median market cap of the Fund was $90.4 billion, and the weighted-average market cap was $1.7 trillion. Near-term supply constraints and the resulting price increases are constructive for Micron's financials, but what interests us more is the structural evolution of the business itself. We believe that as Fervo proves out its first commercial plant, it will see accelerating contracting and deployment activity over the next decade.
The benchmark Dutch TTF contract was flat in early trading, as inventory levels and disruptions in the Middle East kept European natural gas prices at the highest since the end of 2022.