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  • Apr 28, 2025

Oil Slumps on Economic Data, Continued Trade War Fallout

(Bloomberg) -- Oil declined as traders parsed economic data from the US and awaited further developments regarding President Donald Trump’s trade war, including China’s efforts to support its tariff-hit economy.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyNYC’s Congestion Toll Raised $159 Million in the First QuarterNew York City Transit System Chips Away at Subway Fare EvasionAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryThe Last Th

  • Apr 28, 2025

Woodward (NASDAQ:WWD) Reports Bullish Q1, Full-Year Outlook Slightly Exceeds Expectations

Aerospace and defense company Woodward (NASDAQ:WWD) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.8% year on year to $883.6 million. The company’s full-year revenue guidance of $3.44 billion at the midpoint came in 1% above analysts’ estimates. Its non-GAAP profit of $1.69 per share was 15.4% above analysts’ consensus estimates.

  • Apr 28, 2025

Sanmina (NASDAQ:SANM) Posts Better-Than-Expected Sales In Q1 But Quarterly Revenue Guidance Misses Expectations

Electronics manufacturing services company Sanmina (NASDAQ:SANM) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 8.1% year on year to $1.98 billion. On the other hand, next quarter’s revenue guidance of $1.98 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 2.5% above analysts’ consensus estimates.

  • Apr 28, 2025

Why Is Peloton (PTON) Stock Rocketing Higher Today

Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 6.4% in the pre-market session after Truist analysts upgraded the stock's rating from Hold to Buy, signaling renewed confidence in the company's turnaround efforts. In their note, the firm emphasized that more than three years after initially downgrading Peloton, they saw tangible improvements in the company's fundamentals.

  • Apr 28, 2025

An 'Encouraged' Wall Street Bullish on Peloton

Truist analysts Monday upgraded Peloton stock to "buy" from "hold" and set a price target of $11, above the average target on Wall Street of $10.20, according to Visible Alpha.

  • Apr 28, 2025

Tankers queue near old Venezuela oil port ahead of US license expiry, data shows

U.S.-sanctioned Venezuela is set to inaugurate this month exports of a new crude grade, Blend 22, to lure customers even after the expiration of licenses Washington had granted to companies in the U.S., India and Europe to carry Venezuelan oil exports. Because the grade is a blend of crudes produced by state-owned oil company PDVSA at its Western fields, exports must be shipped from La Salina, an aging and deteriorated terminal on the shores of Lake Maracaibo where tankers often get their hulls stained when docking due to oil leaking from submarine pipelines.

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