Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ: BSCS)

Latest News for Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)

Invesco BulletShares 2028 Corporate Bond ETF

Trading Ideas

FFIE

Faraday Future Intelligent Electric Shares Halted On Circuit Breaker To The Upside, Stock Now Up 206.4%

Stephens &amp; Co. analyst Terry McEvoy maintains Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) with a Overweight and raises the price target from $43 to $47.

News

Price Target

Analyst Ratings

Stephens & Co. Maintains Overweight on Truist Finl, Raises Price Target to $47

Macro Economic Events

Economics

Federal Reserve

$BTC

Fed's Mester Says No Decision Made On Fed Digital Currency

How much a stock&#39;s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you&#39;d invested in Applied Materials (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>) ten years ago? It may not have been easy to hold on to AMAT for all that time, but if you did, how much would your investment be worth today?
Applied Materials&#39; Business In-Depth
With that in mind, let&#39;s take a look at Applied Materials&#39; main business drivers.
Headquartered in Santa Clara, California, Applied Materials is one of the world&#39;s largest suppliers of equipment for the fabrication of semiconductor, flat panel liquid crystal displays (LCDs), and solar photovoltaic (PV) cells and modules. The company also offers deployment and support services related to the equipment supplied.
In fiscal year 2023, Applied reported results in three segments&mdash;Semiconductor Systems (74% of total 2023 revenue), Applied Global Services (22%) and Display and Adjacent Markets (4%). 
Applied Materials&#39; Silicon segment offers equipment for front-end operations in the semiconductor manufacturing process. Front-end processes involve the deposition or implantation of multiple thin layers of electronically conductive, semiconductive and insulating materials onto and within a silicon wafer with the help of photomasks (reticles) to give multiple copies of integrated circuit devices. 
With over 33,000 systems installed, the Applied Global Services segment goes a long way to ensure customer satisfaction and support. There are primarily three kinds of services offered. 
Applied has developed technologies for significantly larger-sized wafers made of materials other than silicon. This has helped it expand its portfolio into equipment for thin film transistor (TFT) LCDs (made from glass) and OLED, which are used in smartphones, TVs and other consumer electronic devices. The company operates this business under the Display segment.
The Energy and Environmental Solutions segment primarily consists of the solar product line. Currently, the company offers equipment for manufacturing both wafer-based crystalline silicon (c-Si) and glass-based thin film used in the solar PV cell fabrication process.
Being a leading producer of specialized equipment, most of the competition comes from other large equipment makers, such as KLAC and LRCX.
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Applied Materials ten years ago, you&#39;re likely feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in May 2014 would be worth $11,636.70, or a gain of 1,063.67%, as of May 16, 2024, and this return excludes dividends but includes price increases.
In comparison, the S&amp;P 500 gained 183.73% and the price of gold went up 75.57% over the same time frame.
Analysts are anticipating more upside for AMAT.
Applied Materials is benefiting from strength in the Applied Global Services segment, owing to the growing adoption of the 200-mm system. Solid momentum in the subscription and display businesses is a plus. AMAT remains optimistic about its strategies and investments in IoT and AI. Its strength in IoT, Communications, Auto, Power and Sensors (ICAPS) is likely to continue aiding its position in the semiconductor industry in the days ahead. Its broad-based diversified portfolio and strong services business remain its key growth drivers. Notably, the stock has outperformed its industry year to date. However, softness in the Semiconductor Systems segment remains a concern. Weakening momentum across Taiwan, Southeast Asia, the United States and Europe is a major negative. The sluggish demand environment and geo-political tensions are headwinds.
The stock is up 8.80% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 1 higher, for fiscal 2024. The consensus estimate has moved up as well.
<a href="https://www.zacks.com/stock/news/2274552/here-s-how-much-you-d-have-if-you-invested-1000-in-applied-materials-a-decade-ago?cid=CS-BENZ-FT-tale_of_the_tape|investing_$1000-2274552">To read this article on Zacks.com click here.</a>

Markets

AMAT

Here's How Much You'd Have If You Invested $1000 in Applied Materials a Decade Ago

On Benzinga Live: Andrew Left Talks The GEO Group, Said No One Was Talking About Migrant Crisis

UBER

Live On CNBC, Bill Baruch Announces Bought More Uber Technologies

In April, inflationary pressures showed signs of easing, with the Consumer Price Index (CPI) on a &quot;core&quot; basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations at 0.3%, down from 0.4% in the previous three months.
In April, inflationary pressures showed signs of easing, with the Consumer Price Index&nbsp;on a &quot;core&quot; basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations at 0.3%, down from 0.4% in the previous three months.
Despite the moderation in inflation, analysts suggest that the Federal Reserve is unlikely to rush into cutting interest rates. Bank of America Securities economist Stephen Juneau stated that while the April data is a positive step, it may not be sufficient to prompt significant action from the Fed just yet, as quoted on Yahoo Finance. Fed Chair Jerome Powell emphasized the need for sustained data before making any decisions regarding interest rates.
But then, retail sales in April remained unchanged, contrasting with a 0.6% increase in March and defying the 0.4% rise anticipated by economists, as reported by Bloomberg, quoted on Yahoo Finance. This unexpected stagnation in consumer spending indicates a possible shift in consumer behavior amidst persistent inflation and higher interest rates. This somber economic data might force the Fed to reconsider its tough stance on monetary policy in the near term.
<h3>Return of Fed Rate Cut Bets</h3>
We would like to note that following the CPI release, market expectations regarding rate cuts shifted slightly, with a modest increase in the probability of a rate cut in September according to the CME FedWatch Tool. Following the release of data, there was 52.7% chance of a 25-bps worth of September rate cut, down from 50.5% chance recorded a day earlier.
As of However, Powell suggested that the process of bringing inflation back down to the 2% target might take longer and could potentially be more challenging than anticipated. The U.S. benchmark treasury yield was 4.36% on May 15, 2024, down from 4.45% recorded a day earlier.
<h3>Sector ETFs to Win</h3>
Against this backdrop, below we highlight a few sectors and its ETFs that could perform better in the near term.
Technology &ndash; Technology Select Sector SPDR Fund (ARCA:XLK)
Tech companies, particularly those in growth phases, often rely on external financing to fund research and development, expand operations, and acquire other businesses. With chances of lower borrowing costs taking shape following softer inflation print, these companies can fund innovations with cheaper capital.
Technology stocks are often valued based on future earnings potential rather than current profitability. When interest rates are low, the discounted cash flow used to value these companies yield higher present values for future earnings. In a nutshell, the lower the rate, the higher the value of tech companies&#39; future cash flows. The fund added 2.3% on May 15.
Utilities &ndash; Utilities Select Sector SPDR Fund (ARCA:XLU)
The utilities sector is a rate sensitive sector as it requires huge infrastructure which places a massive debt burden and the resultant interest obligation on its operators. This leaves the sector with no scope of outperformance in a rising rate environment. As a result, a weak inflation print is good news for the utilities space. In any case, utilities stocks have been in great shape currently due to better demand-supply fundamentals. The fund, which added 1.5% on May 15, yields 3.04% annually.
Real Estate &ndash; Schwab U.S. REIT ETF (ARCA:SCHH)
This is yet another sector that performs well in a low-rate environment. These stocks often rely on borrowing to finance property acquisitions and developments. Low interest rates reduce the cost of this debt, which can enhance profitability and cash flow.
Moreover, since REITs pay higher dividends, lower interest rates can lead to better cash flows and potentially higher and more stable dividend payouts. This is an attractive phenomenon to income-focused investors. The fund, which gained 1.4% on May 15, yields 3.33% annually.
<a href="https://www.zacks.com/stock/news/2274551/3-sector-etfs-to-play-on-renewed-fed-rate-cut-hopes?cid=CS-BENZ-FT-etf_news_and_commentary-2274551">To read this article on Zacks.com click here.</a>

REIT

Sector ETFs

ETFs

Real Estate

SCHH

3 Sector ETFs to Play on Renewed Fed Rate Cut Hopes

Earnings

XELB

Xcel Brands Files For Non- Timely 10-Q; For Three Months Ended March 31, 2024, Co Expects To Report A Decrease In Revenues To ~$2.2M

Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) reported first-quarter 2024 results, with revenues beating the Zacks Consensus Estimate. The top line increased year-over-year, while the bottom line fell from the prior-year quarter&#39;s figure. 
During the quarter, the company stated benefits from the integration of the business model with the Three-D&#39;s strategy (Digital, Delivery, and Drive-thru). Also, the emphasis on pricing, product assortment and guest traffic management resulted in comparable sales growth exceeding inflation rates across its operations. 
Following the results, the company&#39;s shares fell 5.7% during trading hours on May 15. Negative investor sentiments were witnessed as the company cited sales pressure in the short term due to the persistent challenging macroeconomic conditions.
<h3>Delving Deeper</h3>
During the first quarter, the company reported adjusted earnings per share of 14 cents. The bottom line fell 22% year over year from 18 cents reported in the year-ago quarter.
<div class="chart_embed">
<h3>Arcos Dorados Holdings Inc. Price, Consensus and EPS Surprise</h3>
&nbsp;
<a href="https://www.zacks.com/stock/chart/ARCO/price-consensus-eps-surprise-chart?icid=chart-ARCO-price-consensus-eps-surprise-chart"><img alt="Arcos Dorados Holdings Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/7b/1715862017.png" style="height:265px; width:574px" title="" /> </a>
Arcos Dorados Holdings Inc. price-consensus-eps-surprise-chart | Arcos Dorados Holdings Inc. Quote
</div>
During the quarter, the company reported revenues of $1.08 billion, beating the consensus mark of $1.04 billion. The top line increased 9.1% on a year-over-year basis. 
Off-premise sales, including Delivery and Drive-thru, rose 14% (in U.S. dollars), contributing 44% to systemwide sales. On-premise sales rose by 7% year over year and contributed 56% to systemwide sales. 
Digital channel sales during the quarter rose 30% year over year and represented 55% of systemwide sales. The Company&#39;s Digital platform benefitted from strong penetration of sales through Self-order kiosks and the Own Delivery and Mobile Order and Pay functionalities on the Mobile App. 
During the first quarter, comparable restaurant sales increased 38.6% year over year, courtesy of strong guest volume growth.
<h3>Operating Highlights</h3>
During the first quarter, operating income amounted to $67.6 million compared with $66.3 million reported in the prior-year quarter. 
During the quarter, food and paper costs came in at $361 million compared with $333.9 million reported in the prior-year quarter. General and administrative expenses in the first quarter came in at $68.7 million compared with $65.6 million in the prior-year period. 
Adjusted EBITDA in the first quarter came in at $108.9 million compared with $100.5 million reported in the prior-year quarter.
<h3>Balance Sheet</h3>
Total cash and cash equivalents as of Mar 31, 2024, totaled $127.5 million compared with $196.7 million on Dec 31, 2023. 
Net debt (total financial debt minus total cash and cash equivalents) as of Mar 31, 2024, was $577.5 million, up from $481.3 million at 2023-end.
<h3>Store Developments</h3>
During the first quarter, the company opened 22 Experience of the Future (EOTF) restaurants, including 19 free-standing units. The Brazil division opened 11 EOTF restaurants with 10 new free-standing units.
<h3>Zacks Rank</h3>
Arcos Dorados currently carries a Zacks Rank #3 (Hold).
<h3>Recent Retail-Wholesale Releases</h3>
Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) reported impressive first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside can be attributed to robust total system sales growth and new unit contribution.
During the quarter, YUMC reported adjusted EPS of 71 cents, beating the Zacks Consensus Estimate of 66 cents. The bottom line moved up 2.9% from 69 cents reported a year ago. Quarterly revenues of $2.96 billion outpaced the consensus mark of $2.94 billion. The top line inched up 1% on a year-over-year basis. Excluding foreign currency translation, revenues increased 7% year over year. 
Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) released stellar first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. During the quarter, the company reported benefits from enhanced throughput and effective marketing initiatives like Braised Beef Barbacoa and Chicken Al Pastor, leading to strong sales and transaction growth. The company stated that the momentum continued into April. 
During the quarter, CMG reported adjusted EPS of $13.37, outpacing the Zacks Consensus Estimate of $11.63. The bottom line increased 27.3% from $10.50 reported in the year-ago quarter. Quarterly revenues of $2.7 billion surpassed the consensus mark of $2.68 billion by 1%. The top line rose 14.1% on a year-over-year basis on the back of strong comparable restaurant sales growth and new restaurant openings. 
McDonald&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>) posted mixed first-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and the bottom line increased on a year-over-year basis. 
During the quarter, MCD registered adjusted EPS of $2.70, missing the Zacks Consensus Estimate of $2.71. EPS increased 2% year over year. Quarterly net revenues of $6,169 million beat the consensus mark of $6,168 million. The top line rose 5% year over year.
<a href="https://www.zacks.com/stock/news/2274699/arcos-dorados-arco-q1-earnings-fall-y-y-sales-top-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2274699">To read this article on Zacks.com click here.</a>

ARCO

YUMC

Arcos Dorados Q1 Earnings Fall Y/Y, Sales Top Estimates

Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) shares are trading higher Thursday after an SEC filing showed Berkshire Hathaway purchased 25.92 million <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38871134/warren-buffetts-berkshire-buys-up-chubb-as-insurance-market-faces-trouble-a-bold-contrar">shares of the stock.</a>
The Details:
Berkshire Hathaway, led by Warren Buffett, disclosed a 6% stake in the company valued at roughly $6.7 billion. Chubb is Berkshire Hathaway's ninth largest holding as of the end of March.&nbsp;
Berkshire obtained permission from the U.S. Securities and Exchange Commission (SEC) to keep one or more purchases confidential in the third and fourth quarter of last year, presumably to keep the share price from running higher as the purchases were made. Chubb was revealed as the firm's confidential purchase in Tuesday's 13F <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324005622/xslForm13F_X02/32398.xml">filing</a>.&nbsp;
Chubb shares have gained more than 18% over the last six months and are trading at all-time highs. Chubb is one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal property and casualty insurance, reinsurance and life insurance.
Related News: <a href="https://www.benzinga.com/news/24/05/38819804/whats-going-on-with-nikolas-stock">What&#8217;s Going On With Nikola&#8217;s Stock?</a>
<h2 class="wp-block-heading">How To Buy CB Stock: </h2>
By now you're likely curious about how to participate in the market for Chubb &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), which is trading at $263.19 as of publishing time, $100 would buy you 0.38 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
CB Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Chubb shares are up 4.15% at $263.46 at the time of publication Thursday.
Image: Shutterstock

Movers

Warren Buffett's Berkshire Hathaway Reveals 'Mystery Stock' Holdings

Source: <a href="https://www.streetwisereports.com/article/2024/05/09/green-tech-ceo-says-ecuador-deal-good-sign-for-troubled-country.html?utm_medium=feed">Streetwise Reports 05/09/2024</a>
Silvercorp Metals&#39; recently announced acquisition in Ecuador is &quot;great news for everyone&quot; in the South American country, BacTech Environmental Corp.&#39;s CEO says. Find out why one analyst says BAC&#39;s stock has &quot;huge potential upside.&quot;
The political situation in Ecuador continues to improve after rising drug gang violence made global headlines earlier this year.
BacTech Environmental Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bccef#OTC">BCCEF</a>) had just received its long-awaited environmental license for its bioleaching plant from the South American country when the unrest began.
Since then, Ecuadorians have voted to support President Daniel Noboa&#39;s security measures to bring the situation under control, including allowing the military to patrol with police, extraditing accused criminals, and increasing prison sentences for terrorism and murder.
Ross Orr, BacTech&#39;s president and chief executive officer, wrote in his &quot;Sunday Morning Coffee&quot; email to supporters and shareholders on Sunday that &quot;with all the negative news flying around with respect to South America, it is refreshing to see that for some, it is business as usual.&quot;
Orr was referring to Silvercorp Metals Inc.&#39;s (AMEX:SVM) recently announced a deal to acquire Ecuador-based Adventus Mining Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/advzf#OTC">ADVZF</a>) in an all-stock deal valued at CA$200 million.
The fact that mining companies are still developing projects in Ecuador is &quot;great news for everyone&quot; Orr wrote.
&quot;The recent corporate activity in Ecuador continues with several transactions that have taken place recently in spite of what people read in the press&quot; Orr told Streetwise Reports. &quot;Silvercorp&#39;s acquisition of Adventus is a case in point. People need to remember that South America has always been a challenging place to do business, but investment continues no matter what the headlines say.&quot;
The deal adds the El Domo volcanogenic massive sulfide deposit (VMS) development project to Silvercorp&#39;s assets in China and Bolivia, increases the company&#39;s exposure to gold, silver, copper, lead, and zinc, and enhances its near-term production profile.
&quot;This transaction will create a new globally diversified green metals producer&quot; SVM Chairman and Chief Executive Officer Dr. Rui Feng said. &quot;It presents the opportunity for us to leverage our technical expertise and strong balance sheet to unlock value for all shareholders by constructing the El Domo project.&quot;
<h2>The Catalyst: Bug-Eating Rocks</h2>
BacTech is building a bioleaching plant in Tenguel, Ecuador. Its bioleaching process uses naturally occurring bacteria, harmless to humans and the environment, to extract precious and base metals from ores, concentrates, and tailings. Its motto is &quot;Our bugs eat rocks.&quot;
&quot;We&#39;ve discovered a gem in Ecuador&quot; Orr has said. &quot;While governments may change, environmental issues persist until addressed. I firmly believe that Ecuador is just the first in a series of successes that will follow once we demonstrate the capabilities of our technology.&quot;
The company also recently announced it had filed an expanded application for what it says is the first zero-waste bioleaching process for recovering metals, fertilizer, and iron from millions of tons of mine tailings worldwide.
From 1 tonne of waste, five different products can be sold, leaving behind zero waste, the company said. Those products are iron for steel or battery manufacturing, premium organic fertilizer, and the base metals nickel, cobalt, and copper. What&#39;s left are silicates that can be used as industrial filler or paste for backfilling in mines.
&quot;It is hard to overstate the significance of the technology BacTech has developed for the mining industry and the environment worldwide&quot; wrote Technical Analyst Clive Maund, who said he was staying long on the stock and rated it as a Strong Buy for all timeframes. &quot;There are hundreds of millions or even thousands of millions of tons of these tailings lying around all over the world.&quot;
&quot;BacTech&#39;s technology has the capacity to convert all of this waste into profitable assets and clean up the mess at the same time&quot; Maund noted. &quot;This is why, given that BacTech has patented its processes and technology, its stock has such huge potential upside.&quot;
Chris Temple, editor and publisher of The National Investor, has been a shareholder and supporter of the company for some time.
After the latest announcement on expanding the patent, he wrote that &quot;an already compelling &#39;green mining&#39; story &hellip; just got a whole lot better and potentially more explosive.&quot;
&quot;Taking the bioleaching process to its conclusion can also lead to both iron recovery be used in steel making and even an organic fertilizer product&quot; he wrote.
<h2>Ownership and Share Structure</h2>
Nearly half of the company, 49%, is held by insiders, management, and strategic shareholders, the biggest of which is Option Three Advisory Services Ltd., which owns 8.48%, or 15.57 million shares, according to Reuters. That also includes CEO Orr, who owns 3.57% or 6.54 million shares, and Board Director Timothy Lewin, who owns 0.54% or 0.98 million shares.
The rest is retail.
The company has 193.04 million shares outstanding. Its market cap is CA$12.05 million, and it trades in a 52-week range of CA$0.10 and CA$0.05.
Important Disclosures:
<ol>
<li>BacTech Environmental Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, BacTech Environmental Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of BacTech Environmental Corp.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Contributing Author Disclosures
<ol>
<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed.</li>
</ol>
Clivemaund.com Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

Penny Stocks

ADVZF

BCCEF

Green Tech CEO Says Ecuador Deal Good Sign for Troubled Country

RBC Capital analyst Shagun Singh reiterates Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Outperform and maintains $175 price target.

Reiteration

RBC Capital Reiterates Outperform on Johnson & Johnson, Maintains $175 Price Target

Star Bulk Carriers Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sblk#NASDAQ">SBLK</a>) is scheduled to report first-quarter 2024 results on May 22, after market close.
The Zacks Consensus Estimate for SBLK&#39;s first-quarter 2024 earnings has been revised upward by 18.9% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missed the mark in the remaining quarter), the average beat being 37.66%.
<div class="chart_embed">
<h3>Star Bulk Carriers Corp. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/SBLK/price-eps-surprise?icid=chart-SBLK-price-eps-surprise"><img alt="Star Bulk Carriers Corp. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8e/1715794901.png" style="height:263px; width:538px" title="" /> </a>
Star Bulk Carriers Corp. price-eps-surprise | Star Bulk Carriers Corp. Quote
</div>
Let&#39;s see how things have shaped up for Star Bulk Carriersthis earnings season.
<h3>Q1 Expectations</h3>
The Zacks Consensus Estimate for Star Bulk Carriers&#39; first-quarter 2024 revenues is pegged at $265.74 million, indicating 18.61% growth year over year. The top line is likely to have benefited from strength across voyage revenues and time charter equivalent revenues.
On the flip side, higher bunker expenses as a result of increased fuel prices and higher vessel operating expenses due to higher crew expenses might bother Star Bulk Carriers&#39;bottom line.
<h3>What Our Model Says</h3>
Our proven model does not conclusively predict an earnings beat for Star Bulk Carriers this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.
Star Bulk Carriers has an Earnings ESP of -1.14% and a Zacks Rank of 3.
<h3>Q1 Performances of Some Transportation Companies</h3>
Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share, which comfortably beat the Zacks Consensus Estimate of 36 cents. Earnings increased 80% on a year-over-year basis.
Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis, driven by strong air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.56 billion, up 6% year over year. Delta Air expects adjusted earnings of $2.20-$2.50 per share for second-quarter 2024.
CSX Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csx#NASDAQ">CSX</a>) first-quarter 2024 earnings per share of 46 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 4% year over year.
Total revenues of $3.68 billion surpassed the Zacks Consensus Estimate of $3.65 billion. Yet, the top line decreased 1% year over year due to lower fuel surcharge, a decline in other revenues, low trucking revenues and reduced export coal prices.
United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported first-quarter 2024 loss per share (excluding 23 cents from non-recurring items) of 15 cents, which was narrower than the Zacks Consensus Estimate of a loss of 53 cents. In the year-ago reported quarter, UAL reported a loss of 63 cents per share.
Operating revenues of $12,539 million beat the Zacks Consensus Estimate of $12,428.4 million. The top line increased 9.7% year over year due to upbeat air-travel demand. This was driven by a 10.1% rise in passenger revenues (accounting for 90.2% of the top line) to $11,313 million. Almost 39,325 passengers traveled on UAL flights in the first quarter, up 6.8% year over year.
<a href="https://www.zacks.com/stock/news/2274429/what-lies-ahead-of-star-bulk-carriers-sblk-in-q1-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2274429">To read this article on Zacks.com click here.</a>

SBLK

What Lies Ahead of Star Bulk Carriers' in Q1 Earnings?

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading lower Thursday, though the stock remains up by more than 15% over the past five days. Here's a <a href="https://www.benzinga.com/trading-ideas/technicals/24/05/38848242/plug-power-unveils-advanced-hydrogen-powered-truck-stock-shoots-higher-but-technicals-re">look at what's going on.&nbsp;</a>
What To Know:
Plug <a href="https://www.benzinga.com/pressreleases/24/05/g38868166/plug-signs-3-gw-bedp-contract-with-allied-green-ammonia-for-electrolyzer-project-in-australia">announced</a> the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA&#8217;s planned ammonia facility proposed for the Northern Territory of Australia.
&#8220;Moving this major green hydrogen-to-ammonia project to the BEDP phase is a sign of its maturity in the development process,&#8221; noted Plug CEO Andy Marsh. &#8220;In total, we now have 7.5 GW of BEDP contracts globally to support our growth targets.&#8221;
Plug also announced the development of a Class 6, medium-duty fuel cell electric truck powered by Plug&#8217;s ProGen fuel cell technology and integrated with an industry proven electric propulsion system on Wednesday.&nbsp;
&#8220;Plug continues to lead charge in developing and deploying hydrogen fuel cell solutions for electric vehicle platforms,&#8221; said Plug CEO Marsh. &#8220;Our ProGen engine, built on decades of operational experience, offers unmatched benefits for middle-mile delivery—range, rapid fueling, cargo volume optimization, and higher power densities.&#8221;
Related News: <a href="https://www.benzinga.com/news/24/05/38819804/whats-going-on-with-nikolas-stock">What&#8217;s Going On With Nikola&#8217;s Stock?</a>
PLUG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Plug Power shares are down 1.72% at $3.35 at the time of publication Thursday.
Image: Courtesy of Plug Power, Inc.

PLUG

What's Going On With Plug Power Stock?

<div>The Federal Aviation Administration reauthorization bill approved Wednesday by the U.S. House of Representatives includes language allowing Boeing an extra five years to produce 767 freighters for FedEx and UPS beyond the date when international standards mandating cleaner engine types kick in.</div>

The bill gives Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) a bridge, in case the express carriers need extra capacity, until it can develop a new freighter next decade. Multiple industry sources familiar with the process said FedEx (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) and UPS (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>) joined Boeing in lobbying Congress for a reprieve from the Jan. 1, 2028, production deadline. The legislation previously passed the Senate and will be sent to President Joe Biden to sign into law.

At face value, a split from international consensus would limit operation of freighters produced between 2028 and 2033 to the domestic U.S. market, but it's possible some countries could permit access, according to experts. Freighters delivered before the end of 2027 aren't covered by the enhanced carbon emission rules and won't face any restrictions. 

Under International Civil Aviation Organization (ICAO) agreements, commercial aircraft manufacturers effectively can't sell aircraft that don't meet the 2028 carbon emissions standards. The U.S. Environmental Protection Agency adopted the fuel efficiency standard in 2021 with the FAA following suit in February. <script type="text/javascript">
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Even if post-2027 freighters end up being limited to domestic flying, it makes sense for FedEx and UPS to buy them, said Tom Crabtree, a Seattle-based industry consultant and former Boeing market analyst, in an email exchange with FreightWaves.

"The 767-300 production and converted freighter provides the lowest trip costs of any widebody freighter in production today while simultaneously allowing service to smaller markets where 50 metric tons of payload, or more, simply isn't needed. They also have sufficient range to serve international markets to/from Europe and/or northern South America from the US" he said.

Boeing stopped making the 767 as a passenger jet many years ago. It also supplies a tanker variant for militaries. FedEx and UPS are the only customers for the 767-300 freighter. Traditional cargo airlines opt for used 767s that have been converted to a cargo configuration because they don't have the consistent, daily volumes of integrated express carriers and can't afford more expensive new models.

UPS was the launch customer for the Boeing 767 freighter in 1995. The parcel logistics giant has 88 B767-300s in its fleet, including 10 converted freighters, and 19 additional factory aircraft on order from Boeing. <script type="text/javascript">
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"We expect to receive all outstanding orders before that time" said UPS spokeswoman Michelle Polk.

FedEx has 137 B767s flying in its network, with 15 more deliveries scheduled through mid-2026, according to the company's latest statistics.

Aviation publication The Air Current was first to unearth the 767 freighter wiaver, tucked away on page 1,038 of the FAA bill. The language doesn't mention the 767 by name, but the maximum takeoff weight of 180,000 kilograms to 240,000 kilograms squarely fits the 767.

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Boeing officials have increasingly signaled that they plan to develop a freighter version of the 787 Dreamliner as a replacement for the 767F, but the first delivery is expected to take at least eight to 10 years.

"The 767F continues to be the most environmentally sound mid-size freighter available. We are working with our customers and are in communication with regulators regarding the requirements for this market segment" Boeing said in a statement before the vote. "As we look ahead to future medium-widebody freighter options, the 787 is a natural place for us to look. We continue to evaluate our options in this space and are listening to our customers. Any future decisions regarding whether to launch a new program, will be largely driven by customer needs and market demand."

<div><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/15/052721-321-1-1200x675.jpg" />FedEx operates 137 Boeing 767 freighters (pictured) in its parcel and freight network. (Photo - Jim Allen/FreightWaves)
</div>

Without the exemption, FedEx and UPS could be limited to Airbus A330 converted cargo jets, a model neither currently operates, if they need more medium-widebody aircraft in four or five years. The feedstock for 767 conversions is drying up because passenger airlines like Delta and United are holding on to aircraft longer than anticipated in response to supply chain, manufacturing and engine-related problems that have delayed delivery of replacement aircraft. The airlines probably won't be ready to let go of the 767s until "they are well beyond the age of conversion or have too many flight cycles and flight hours accumulated on them to make it worth a while to convert it" said Crabtree.

The new law will enable Boeing to compete with Israel Aircraft Industries, which installs 767 conversion kits, and an Airbus subsidiary that rebuilds A330s into freighters, and give it time to bring a 787 freighter to market, said the former chief editor of the biennial Boeing World Air Cargo Forecast. And A330 conversion providers would be able to demand higher pricing without that competition.

"Express firms like the certainty of production freighters even though they are more expensive than conversions of the same airplane models" he added. That certainty takes the form of more consistent delivery schedules and meeting of specifications. <script type="text/javascript">
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FedEx and UPS put pressure on Congress to keep the 767 option open and keep the playing field level until Boeing brings out the 787 freighter, the sources said.

Many have interpreted the carve-out to the international fuel efficiency standards to mean that noncompliant aircraft will be prohibited from flying outside the United States. But there is no universal enforcement mechanism. ICAO's carbon emission standard will be implemented by individual countries as new domestic regulations updating their system for certifying aircraft types. Production will essentially be banned starting in 2028 because noncompliant models will not be certified for sale by civil aviation authorities in their area of jurisdiction.

Countries that ban the sale of noncompliant models are likely to ban aircraft with an exemption from entering their airspace on the basis of having an unfair advantage.

But an aviation industry source, who didn't want to be identified because of the political sensitivity of the topic, said FedEx and UPS access to airspace in foreign countries would depend on what individual governments are willing to accept. Smaller countries that typically follow FAA and European Union regulations rather than certify aircraft themselves might have fewer qualms with allowing exempted 767s to operate.

Boeing also continues to deliver 777 cargo jets to FedEx and other airlines around the world. The FAA reauthorization doesn't provide a waiver for the 777 because Boeing expects to have a next-generation 777-X ready sometime in 2027.

The post <a href="https://www.freightwaves.com/news/congress-exempts-boeing-767-freighter-from-2028-production-cutoff">Congress exempts Boeing 767 freighter from 2028 production cutoff</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Government

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Congress Exempts Boeing 767 Freighter From 2028 Production Cutoff

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares are racing higher Thursday. The stock is up more than 3000% over the past five days amid the <a href="https://www.benzinga.com/markets/equities/24/05/38837557/faraday-future-basking-in-the-glory-of-gamestops-amc-heres-what-ev-makers-100-jump-in-pre-market">recent meme stock rally.&nbsp;&nbsp;</a>
What To Know:
Faraday Future shares opened for trading Monday at 4 cents per share, and the stock has climbed more than 3000% in the last 4 sessions.&nbsp;
Faraday Future appears to have benefited from the recent "meme stock" rally which saw heavily-shorted stocks gaining amid a retail-fueled rally in GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>).&nbsp;
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, a remarkable 85.71% of available shares are being sold short which can contribute to large price movements when combined with heavy trading volume. At the time of publication, more than 710.5 million Faraday Future shares had already been traded in Thursday's session.&nbsp;
Despite the recent stock performance, the company is facing <a href="https://www.benzinga.com/markets/equities/24/05/38837557/faraday-future-basking-in-the-glory-of-gamestops-amc-heres-what-ev-makers-100-jump-in-pre-market">financial challenges</a>. Faraday Future received a delisting notice from Nasdaq on April 24 after its share prices remained below 10 cents for ten consecutive days.
Related News: <a href="https://www.benzinga.com/news/24/05/38819804/whats-going-on-with-nikolas-stock">What&#8217;s Going On With Nikola&#8217;s Stock?</a>
<h2 class="wp-block-heading">Should I Sell My FFIE Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Faraday Future have lost 97.33% year to date. This compares to the average annual return of -93.57%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Faraday Future stock currently has an RSI of 99.76, indicating overbought conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
FFIE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Faraday Future Intelligent Energy shares are up 173.8% at $1.93 at the time of publication Wednesday.
Image: Courtesy of Faraday Future Intelligent Electric, Inc.

What's Going On With Faraday Future Intelligent Electric Stock?

<a href="https://subscriber.politicopro.com/article/2024/05/justice-department-poised-to-post-plans-for-marijuana-reclassification-00158378">https://subscriber.politicopro.com/article/2024/05/justice-department-poised-to-post-plans-for-marijuana-reclassification-00158378</a>
The Department of Justice plans to issue a notice of proposed rulemaking on Thursday that would reclassify marijuana to a less restrictive category, according to two Biden administration officials familiar with the decision.
This is the next step in the rescheduling process begun by President Joe Biden in October 2022 that is set to be the largest shift in federal drug policy in decades.
It follows a <a href="https://subscriber.politicopro.com/article/2024/01/hhs-scientists-medical-marijuana-00135433">recommendation by the Department of Health and Human Services in August</a> to reclassify marijuana, which currently is a Schedule I drug on the Controlled Substances Act — the most severe classification, the same as heroin. The DOJ decision to reclassify would move cannabis to Schedule III — a category that means it's determined to have both medical benefits and some potential for abuse. It's the same category as ketamine.
The change reflects seismic changes in cannabis policy across the country. Over the last 12 years, 24 states legalized marijuana possession for adults, and 38 states established medical marijuana programs. More than half of Americans now live in states where marijuana is recreationally legal at the state level.
...

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AKAN

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MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

IMCC

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MSOS

SNDL

TLRY

'Justice Department Poised To Post Plans For Marijuana Reclassification; This Is The Next Step In The Rescheduling Process Begun By President Joe Biden In October 2022 That Is Set To Be The Largest Shift In Federal Drug Policy In Decades' - Politico

RBC Capital analyst Gerard Cassidy reiterates U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) with a Outperform and maintains $47 price target.

RBC Capital Reiterates Outperform on U.S. Bancorp, Maintains $47 Price Target

<div>CVSA International Roadcheck hits Tuesday-Thursday</div>

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/15/072121-262-1200x675.jpg" />

(Photo - Jim Allen/FreightWaves)

The Commercial Vehicle Safety Alliance (CVSA) is holding its annual International Roadcheck next Tuesday through Thursday, with a focus on tractor protection systems and alcohol and controlled substance possession. This high-volume, 72-hour enforcement blitz will see some smaller fleets and owner-operators take time off to avoid potential violations and possibly being put out of service. The yearly event causes localized capacity disruptions in freight markets as fewer drivers are willing to haul freight.

The CVSA notes in a news release, "Controlled substance and alcohol possession/use remains a significant concern for motor carriers, drivers and the general public. The number of prohibited drivers listed in the U.S. Drug and Alcohol Clearinghouse (DACH) has been increasing." Mark Barlar, director of DOT regulatory compliance at Reliance Partners, said in an interview with FreightWaves, "Don't have anything in your truck that isn't supposed to be there. What they're looking for is that drivers are OK to drive, they're not transporting anything, they don't have any personal use stuff, and they don't have any alcohol in the vehicle." 
For tractor protection systems, the CVSA highlights specifically the tractor protection valve, trailer supply valve and anti-bleedback valve, which can be overlooked during driver pretrip and post-trip inspections. The CVSA added a handy inspection bulletin to help drivers and fleets determine how the testing will work. It's also available in French and Spanish.

FTR State of Freight: Freight market searching for growth

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/15/FTR-Trucking-Outlook-5.10.24-1200x663.png" />

(Source: FTR Transportation Intelligence)

The CCJ reports a recent State of Freight webinar hosted by FTR Transportation Intelligence outlined a freight market that appears mostly flat but in search of growth. "This year is going to be pretty close to flat as well, but we are going to start seeing later this year a little bit of improvement, and start to see year-over-year growth, starting in Q3" said Avery Vise, vice president of trucking at FTR. Vise believes that specialized segments like flatbed and bulk appear to be declining, but he sees growth opportunities in dry van and refrigerated tank segments.

While things aren't great, they aren't bad either. Vise adds, "We do see a stronger market this year. The key takeaway really in all of this, though, is that while we're not seeing growth, we also have not seen a big falloff." Weak freight pricing conditions continue to see carrier exits but also an uptick in new entrants. Vise notes, "We've had some volatility in this trend, especially recently, but, in general, more carriers are failing than are entering the market."

For spot market rates, FTR predicts a steady increase year over year by Q3, with total spot rates up by around 1%. There is a catch, Vise said: "Although rates do look to start improving in absolute terms by the end of the year, we are forecasting that for all of 2024, they will be down about 2%." One dynamic spot rate event to watch for is the annual CVSA International Roadcheck next Tuesday through Thursday, which always sees an increase in spot market rates.

<h2 id="h-market-update-lmi-april-data-shows-large-transportation-price-swing">Market update: LMI April data shows large transportation price swing</h2>

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/15/april24-trans-moves_orig.png" />

(Source: The Logistics Managers' Index)

On Tuesday, the Logistics Managers' Index released its April data, showing a decline of 5.4 points in the overall index from March's readling of 58.3 to 52.9 for April. This is the end of four consecutive months of increasing rates of expansion, and the slowest observed rate of growth for 2024. A highlight of the report was the drastic movement in transportation prices from late March into late April.

FreightWaves' Todd Maiden writes, "Notable weakness was experienced in early April, when there was a 40-point spread between the transportation capacity subindex and the pricing data set. However, by the last two weeks of the month, the two readings were less than 3 points apart as prices increased more than 27 points (into growth territory at 54.8) while capacity declined 10 points to 57.4."

Despite the whiplash in transportation prices, early signs of truckload supply-to-demand balance appear to be forming. The report adds, "There had been signs that the transportation market was moving back towards equilibrium. However, with the movements in our transportation metrics, Transportation Capacity is now 17.3-points higher than Transportation Prices (61.4 to 44.1) indicating that we are still firmly in a state of freight recession."

<h2 id="h-freightwaves-sonar-spotlight-spot-market-rates-weighed-down-by-low-outbound-tender-rejections">FreightWaves SONAR spotlight: Spot market rates weighed down by low outbound tender rejections</h2>

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/15/NTIL-and-NTILD-5.7.24-1200x394.jpg" />

(Source: FreightWaves SONAR)

Summary: Softness in spot market dry van linehaul rates has persisted as May enters its second week. The FreightWaves National Truckload Index (Linehaul Only) or NTIL rose 1 cent per mile in the past week from $1.58 on April 29 to $1.59. The lack of meaningful movement extends to the past month, with linehaul spot rates down only 3 cents per mile from $1.62 on April 7 to $1.59. Despite the lack of movement, the NTIL daily registered a range of $1.53 to $1.71 per mile m/m. All-in dry van spot market rates saw a similar pattern with the NTI increasing 1 cent per mile w/w from $2.20 on April 29 to $2.21. Month-over-month all-in spot rates fell 4 cents per mile from $2.25 on April 7 to $2.21.

Looking at dry van contract pricing power, in the past week van carriers saw continued degradation, with dry van outbound tender rejection rates remaining relatively flat. They rose 5 basis points, from 2.96% on April 29 to 3.01%. This is the lowest level for VOTRI since the second week of November 2023. Persistent and sustained low outbound tender rejection rates suggest more carriers may be increasing spot market exposure to offset declines in tendered volumes. Paired with competitive RFPs which saw customers ask for concessions, there is a case to be made that the sluggish dry van spot market performance can be partially explained by added competition from larger, heavily contract-exposed carriers backfilling volumes.


The post <a href="https://www.freightwaves.com/news/cvsa-international-roadcheck-hits-tuesday-thursday">CVSA International Roadcheck hits Tuesday-Thursday</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Events

Media

CVSA International Roadcheck Hits Tuesday-Thursday

Short Ideas

On Benzinga Live: Citron's Andrew Left Says GameStop Changed Short-Selling Game, Says 'There's So Much Against You'

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0639

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0678

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0683

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Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0697

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0729

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0704

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0735

Invesco BulletShares 2028 Corporate Bond ETF declares monthly distribution of $0.0766

BSCS