- FRN Variable Rate Fix
May 12, 2026
LONDON, May 12, 2026--(BUSINESS WIRE)--
As Agent Bank, please be advised of the following rate determined on: 5/12/2026 Issue ¦ Barclays PLC Series 283 EUR 1,250,000,000 FRN Due in May 2029 ISIN Number ¦ XS3069319542 ISIN Reference ¦ 306931954 Issue Nomin EUR ¦ 1250000000 Period ¦ 5/14/2026 to 8/14/2026 Payment Date 8/14/2026 Number of Days ¦ 92 Rate ¦ 3.352 Denomination EUR ¦ 1000 ¦ 1250000000 ¦ Amount Payable per Denomination ¦ 8.57 ¦ 10712500 ¦ Bank of New York Rate Fix Desk Telephone ¦ 44 1202 689580 Corporate Trust Services Facsimile ¦ 44 1202 689601
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512063838/en/
Contacts
Bank of New York Mellon
View Comments
- Barclays Sees Reinforced Long-Term Growth Narrative for Eli Lilly and Company (LLY)
May 11, 2026
We recently compiled a list of the 10 Best Cancer Stocks to Buy for the Long Term. Eli Lilly and Company is one of the best cancer stocks.
TheFly reported on May 5 that Barclays increased its valuation outlook for LLY, raising the price target to $1,400 from $1,350 while maintaining an Overweight rating. The adjustment followed the company’s first-quarter earnings update, which led to higher estimates. The firm highlighted that strong ongoing demand for tirzepatide is reinforcing investor attention on the company’s broader long-term growth narrative, shifting focus back to its core pipeline strength and market positioning after the recent results.
In a separate development, on May 6, Eli Lilly and Company (NYSE:LLY) announced an additional $4.5 billion investment across two of its manufacturing sites in Lebanon, Indiana, expanding its long-term capital commitment in the state to more than $21 billion since 2020. The decision was driven by expected growth in demand for its medicines and continued expansion of its pipeline.Barclays Sees Reinforced Long-Term Growth Narrative for Eli Lilly and Company (NYSE:LLY)
The funding will support advanced production capabilities, including updated manufacturing technologies at its active pharmaceutical ingredient facility and the development of its dedicated genetic medicine production site. This expansion reflects the company’s ongoing efforts to strengthen its U.S.-based manufacturing and support future therapeutic development.
Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical company based in Indianapolis that is expanding its oncology portfolio. Alongside its strong diabetes and obesity business, it is growing in precision cancer therapies for breast, lung, and blood cancers through strategic acquisitions and development programs.
While we acknowledge the potential of LLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Top 10 AI-Powered Biotech Stocks to Buy Right Now and 9 Most Undervalued Healthcare Stocks to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.
View Comments
- Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data
May 11, 2026
(Bloomberg) -- Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts, arguing that both jobs and inflation data make a case for the Federal Reserve to keep rates on hold until at least the end of the year.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks Epstein's Black Card: How He Moved Women With His Amex
As the Iran war jolts oil markets and stokes inflation, traders are increasing bets that the Fed will keep policy on hold through 2026 — and may even hike in early 2027. The shift is echoed by a growing number of Fed officials, including two dissenters at the central bank’s last meeting, who said the next move could be an increase.
“The data simply don’t warrant cuts this year,” Aditya Bhave, the head of US economics at Bank of America, wrote on May 8. “Core inflation is too high, and moving up. The solid April jobs report was the last straw, especially given hawkish Fedspeak.” Bhave and colleagues now expect that the Fed will not cut rates again until July 2027, a shift from their previous forecast of September of this year.
Rising oil prices on Monday catalyzed a move lower in Treasury prices, higher in Treasury yields, with the policy-sensitive two-year yield up more than six basis points to 3.95% as of 3:30 p.m. in New York. President Donald Trump said Monday that the tenuous ceasefire between the US and Iran is on “massive life support.”
Yields extended their increase after investor demand at the first of the government’s quarterly refunding auctions, a $58 billion sale of three-year notes, fell short of expectations. A Bloomberg gauge of the dollar edged higher, as did US stocks.
As part of the Treasury’s quarterly refunding, it will sell another $42 billion worth of 10-year notes on Tuesday and $25 billion of 30-year bonds on Wednesday.
April’s labor report showed that US employers added more jobs than expected for a second month, underscoring the steadiness of the jobs market even as the Middle East conflict continues. The next major reads of inflation, meanwhile, will come via reports on consumer and producer prices on Tuesday and Wednesday, respectively.
The risk of Fed hikes is “underpriced” by traders, BofA’s interest-rate strategists separately wrote to clients Monday. They recommend selling two-year Treasuries and betting that the front-end of the US yield curve will underperform longer-dated maturities.
Story Continues
After the April jobs figures on Friday, a Goldman Sachs team led by Jan Hatzius also pushed back their call for the Fed’s next cut to December 2026 from September. They also lowered their estimate for the probability of a US recession in the next 12 months.
Morgan Stanley and Barclays have also been forecasting an extended pause from the US central bank.
What Bloomberg Strategists Say...
“Everyone knows inflation is going higher, but as it does so, discussion in the coming months will inevitably turn to the following: just how long will it remain elevated, will there be second-round effects, and how much (if any) will central banks raise rates?”
-Simon White, Macro Strategist. For the full post, click here.
Still, others on Wall Street, notably Citigroup economists Andrew Hollenhorst, Veronica Clark and Gisela Young, are holding fast to their expectation that the Fed will cut before the end of year. They argue that easing by the central bank is underpriced by traders given lackluster hiring and wage growth in recent months.
Heading into the release of the CPI report Tuesday, the median expectation of economists surveyed by Bloomberg sees the headline figure rising 3.7% year-over-year, up from 3.3% the month prior. The core measure, which excludes food and energy prices, is seen rising 2.7% year-over-year.
“This month we’re definitely going to have a bit of a spicier inflation report,” Matt Hornbach, global head of macro strategy at Morgan Stanley, told Bloomberg Surveillance Monday. “We know oil prices are moving quite a lot every single day and they can have a big influence on the path of inflation into the end of the year.”
--With assistance from Jonathan Ferro and Lisa Abramowicz.
(Updates with latest market prices, context on market movements.)
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom Raising Cane’s Grew From an Idea a College Professor Hated The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI
©2026 Bloomberg L.P.
View Comments
- AI Chipmaker Cerebras Seeks $4.8 Billion in Upsized US IPO
May 11, 2026
(Bloomberg) -- Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the artificial intelligence chipmaker and data center operator’s shares continues to build.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks China Confirms Xi-Trump Summit That Was Delayed by Iran War
The company is offering 30 million shares for $150 to $160 each, according to a filing with the US Securities and Exchange Commission on Monday. Cerebras had previously marketed 28 million shares for $115 to $125 each.
At the top of the price range, Sunnyvale, California-based Cerebras would have a market value of $34.4 billion, based on the shares outstanding in its filing. The IPO has drawn orders for more than 20 times the number of shares available, people familiar with the matter have said.
The IPO is expected to price on May 13, according to terms of the deal seen by Bloomberg News. Cerebras filed confidentially for a listing earlier this year, months after withdrawing a previous registration.
The increase comes as Cerebras looks to manage the surging interest in its upcoming listing, which is set to price May 13. Cerebras is telling institutional investors placing IPO orders to specify the number of shares and the maximum price they’re willing to pay, in order to gauge the true level of demand, people familiar with the matter have said.
US IPO activity is increasing ahead of what could be the biggest listing of all time, if Elon Musk’s SpaceX raises the $75 billion it’s been targeting. Listings have raised $18.9 billion on US exchanges this year, excluding blank-check companies and other financial vehicles, versus $10.4 billion in the same period last year, data compiled by Bloomberg show.
Cerebras’ listing would be this year’s biggest conventional US IPO so far, according to data compiled by Bloomberg. Hedge fund manager Bill Ackman’s Pershing Square Inc. and Pershing Square USA Ltd. raised $5 billion in April in a combined listing which included a $2.8 billion private placement.
Cerebras is set to join a cohort of public chipmaking companies seeking to challenge market-leader Nvidia Corp. Cerebras already has ties to top AI names including Amazon.com Inc., which this year said it plans to use its chips alongside Trainium processors to run AI software, and OpenAI, which released its first model running on Cerebras chips in February.
Story Continues
OpenAI has 33.4 million warrants for Cerebras shares, some of which are subject to vesting conditions including delivery dates for compute and the chipmaker’s market value exceeding $40 billion, the filing shows.
The company had net income of $87.9 million on revenue of $510 million for 2025, compared with a net loss of $484.8 million on revenue of $290.3 million a year earlier, the filing shows.
The offering is being led by Morgan Stanley, Citigroup Inc., Barclays Plc and UBS Group AG. The shares are expected to trade on the Nasdaq Global Select Market under the symbol CBRS.
--With assistance from Rebecca Torrence, Ryan Gould and Anthony Hughes.
(Updates with size and scope in seventh paragraph.)
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI Raising Cane’s Grew From an Idea a College Professor Hated
©2026 Bloomberg L.P.
View Comments
- Bill Gates-Backed Fervo Energy Boosts IPO Target to $1.8 Billion
May 11, 2026
(Bloomberg) -- Fervo Energy Co., a geothermal energy developer, is seeking to raise as much as $1.82 billion in a US initial public offering, raising its target from $1.33 billion.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Modi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks Drone Hits Ship Near Qatar as US Awaits Iran Peace Plan Response
The Houston-based firm plans to market 70 million shares for $25 to $26 each, up from a previous target of 55.56 million shares at $21 to $24 each, according to a filing with the US Securities and Exchange Commission Monday. At the top of that range, Fervo would have a market value of $7.4 billion based on the outstanding shares listed in its filing.
With backing from Bill Gates’ investment firm Breakthrough Energy Ventures and shale oil producer Devon Energy Corp., Fervo is among a number of energy producers seeking to capitalize on the growing power demand for data centers. The company has about a $7.2 billion potential backlog of contracted revenue from power purchase agreements across its full portfolio, according to the filing.
Fervo also has power agreements with Southern California Edison Co., Alphabet Inc.’s Google and Shell Plc. Alphabet was part of a $462 million investment round in December.
The company’s Cape Station project in Beaver County, Utah, would be one of the world’s largest geothermal projects with 500 megawatts of power. All told, Fervo disclosed 595,900 total leased acres as well as 2.6 gigawatts in advanced development and more than 38 gigawatts in early-stage development.
The company uses horizontal drilling and multi-stage hydraulic fracturing to produce geothermal energy at its pilot project and expects to deliver power at its first commercial station by the end of 2026.
In its filing, it said it reduced drilling times by approximately 75% from 2022 to 2025, lowering drilling costs by about 70%. Current project costs are about $7,000 per kilowatt, with a long-term target of $3,000 per kilowatt.
Fervo had a net loss of $70.5 million on revenue of $138 million in the year ended Dec. 31, 2025, compared with a net loss of $41.1 million on revenue of $199 million a year earlier, according to its filings.
Founders Chief Executive Officer Tim Latimer and Chief Technology Officer Jack Norbeck, are expected to control the company through their holdings of supervoting Class B shares following the offering, the filing shows.
Story Continues
The offering is being led by JPMorgan Chase & Co., Bank of America Corp., Royal Bank of Canada and Barclays Plc. The company expects its shares to trade on Nasdaq under the symbol FRVO. The IPO is due to price May 12, according to a presentation seen by Bloomberg News.
Most Read from Bloomberg Businessweek
Behind the Claude Frenzy That Ate Up All the Mac Minis America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI Salmon Farms on Land Take Aim at a $19 Billion Industry Raising Cane’s Grew From an Idea a College Professor Hated
©2026 Bloomberg L.P.
View Comments
- Retail Floods Into ‘Silly’ Chipmaker Rally as Moves Get Extreme
May 11, 2026
(Bloomberg) -- Retail traders largely sat out a record-setting advance in chip stocks in April. Now they’re diving in just as worries mount that the group’s rally may be losing steam.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Inside a Year of Chaos and Conflict at Kevin Hart’s Media Company Drone Hits Ship Near Qatar as US Awaits Iran Peace Plan Response Judge to Review Musk, SEC Settlement Deal in Twitter Stake Case
Individual investors boosted purchases of technology shares to the highest level in a year last week, according to positioning data from JPMorgan Chase & Co., with companies like memory chipmakers that benefit from all things artificial intelligence drawing the most interest. Hardware companies posted their second-largest inflow on record.
While nothing prohibits the group from rallying further, a 60% leap in the Philadelphia Stock Exchange Semiconductor Index, or SOX, over the past six weeks made just about every valuation metric look stretched. For the mom-and-pop investors who waited until May to pile into the sector, it all presents the risk of a sudden shift in momentum that could saddle them with losses.
“This earnings season validates the AI infrastructure trade as semis and memory chips delivered. Looking ahead, the market is increasingly priced for perfection,” said Dave Mazza, chief executive officer at Roundhill Financial Inc. “Retail re-engagement isn’t a bearish signal on its own, but it adds fuel to a move that’s come a long way and is starting to look parabolic.”
The return of retail buyers marks a shift from earlier this spring, when many stayed on the sidelines during the market’s rebound after worries around the war in Iran pushed the S&P 500 Index to the cusp of a technical correction. Now, with peace talks between the US and Iran ongoing, the cohort is once again crowding into semiconductor and hardware names like Sandisk Corp., Micron Technology Inc., and Intel Corp. Furious momentum in the sector has driven the tech-heavy Nasdaq 100 Index up 25% in six weeks.
“Semis are getting silly and are now in some cases as or more extreme than 1999,” Chris Verrone, head of technical and macro strategy at Strategas Securities LLC, said in a note to clients. “Parabolic charts can take a life of their own and we don’t pretend to know the day or the hour fortunes reverse, but positions should be protected and monitored vigilantly here.”
The eye-popping advance in chip stocks is unmatched in other pockets of the market. In the broader S&P 500 Index, the proportion of stocks trading above their 200-day moving average — a technical measure of momentum — has fallen to 53% from 58% the week before, sending a signal to Strategas researchers that a narrow “melt-up” is unfolding in real time. By comparison, some 97% of stocks in the SOX Index are sitting above their long-term moving average.
Story Continues
“Semiconductors are undeniably overbought — the most extended they have been versus their long-term trend since early 2000,” said Newedge Wealth chief investment officer Cameron Dawson.
The key debate for investors is whether the rally reflects a lasting structural shift or another move higher in a historically cyclical industry, she added. While the AI boom has drawn arguments that chipmakers deserve permanently higher valuations because demand will remain durable, Dawson still views the group as cyclical — albeit in the midst of what she describes as the largest and longest supercycle the industry has experienced.
“Notably, this supercycle has been vastly underestimated since it began in 2023. It’s great while it lasts, but a moderation in demand will eventually come,” she said. “It’s a question of when, not if.”
A look at how far the SOX Index is removed from its 200-day moving average offers one lens into just how exorbitant the momentum has become. The gauge is sitting 57% above the line, and it was this elevated just two other times since 1990 — in 1995 and 2000, according to John Kolovos, chief technical strategist at Macro Risk Advisors. Both instances preceded declines in the stock market, and the latter occurred ahead of the dot-com crash.
That leaves investors in a tricky position: Risk-on momentum can continue for longer than expected, and selling because a group appears overbought risks missing out on significant upside, Kolovos explained. At the same time, “those who cling too tightly to momentum leadership risk losing control once the trend finally breaks.”
Alexander Atlmann, global head of equities tactical strategies at Barclays Plc, is among equity market pros warning that betting against the rally may be premature. Altmann and his colleagues have been fielding questions from clients around whether it’s time to sell chipmakers. To him, signs of extreme euphoria are not yet widespread enough to suggest the trade has fully run its course.
Shorting the VanEck Semiconductor ETF (SMH) “just strikes me as a career-limiting move at this particular juncture,” he said.
Most Read from Bloomberg Businessweek
America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI Salmon Farms on Land Take Aim at a $19 Billion Industry Raising Cane’s Grew From an Idea a College Professor Hated The Points Guy Has Thoughts on Navigating Summer Travel Chaos
©2026 Bloomberg L.P.
View Comments
- How The Ralph Lauren (RL) Investment Story Is Shifting With New Analyst Targets
May 10, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
Ralph Lauren is back in focus after fresh analyst work lifted one fair value estimate to US$413.33 from US$404.76, a modest reset that reflects updated views on the stock. That move lines up with recent Street commentary, where several firms have raised targets and one upgraded the stock after the latest selloff, framing the debate around long term growth and valuation support. As you read on, you will see what is driving this evolving narrative and how to track it over time.
Stay updated as the Fair Value for Ralph Lauren shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Ralph Lauren.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Barclays lifted its price target on Ralph Lauren to US$430 from US$416 after meetings with management, citing increased confidence in what it described as "durable" growth. This supports a more constructive view on the stock's long term earnings power. BofA raised its price target by US$50, signaling that the firm sees room for the valuation to reach a higher level if the company continues to execute on its current plan. UBS raised its price target by US$3, which aligns with a broader trend of incremental upward revisions and suggests analysts see the recent reset in expectations as largely reflected in the stock. Citi upgraded Ralph Lauren after the recent selloff and framed the pullback as an opportunity for investors who are comfortable with the company’s existing growth and brand positioning story.
🐻 Bearish Takeaways
The same reports imply that some prior expectations may have been set high. Investors still need to watch for any gaps between management commentary and actual execution on growth plans.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NYSE:RL 1-Year Stock Price Chart
See how Ralph Lauren's fair value stacks up across multiple valuation models — not just analyst targets.
How This Changes the Fair Value For Ralph Lauren
Fair value updated to US$413.33 from US$404.76, based on small tweaks across the model. Revenue growth assumption set at 4.77% from 4.75%. Net profit margin kept effectively steady at 12.61% from 12.61%. Future P/E multiple set at 28.67x from 28.34x. Discount rate adjusted to 8.90% from 9.22%.
Never Miss an Update: Follow The Narrative
Narratives link a company’s business story to a set of explicit forecasts and a fair value framework, so you can see what needs to happen for the thesis to hold. They update as new earnings, guidance, or macro data come through, so the story and the numbers stay aligned.
Story Continues
Head over to the Simply Wall St Community and follow the Narrative on Ralph Lauren to stay up to date on:
How international expansion, particularly in Asia and Greater China, and growth in newer categories like handbags and women’s apparel feed into long term revenue expectations. How digital direct to consumer channels, higher average unit retail from lower discounting, and investments in technology and supply chain feed into the margin outlook. How risks around tariffs, cost inflation, slower momentum in Europe, wholesale door exits, and higher inventory levels could challenge the growth and margin story.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include RL.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Momentum-Obsessed Traders Seek Clues on Iran Truce
May 10, 2026
(Bloomberg) -- Investors riding a scorching run of market momentum will look for fresh signs Mideast hostilities can be defused when trading resumes Sunday night New York time.
Most Read from Bloomberg
Iran Makes New Offer on Uranium in Response to US, WSJ Says Drone Hits Ship Near Qatar as US Awaits Iran Peace Plan Response Judge to Review Musk, SEC Settlement Deal in Twitter Stake Case Online Mob Fuels 6,000% Stock Rally in Obscure SpaceX Rival Trump Wants to Make H-1B Workers More Expensive for US Employers
Iran offered to transfer some of its stockpile of highly enriched uranium to a third country in its response to the latest US proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, the Wall Street Journal reported. Highlighting ongoing tension in a conflict that has killed thousands and driven up oil prices, a drone strike on Sunday briefly set a cargo vessel ablaze off Qatar in the Persian Gulf.
Futures trading in stocks, bonds and energy resumes in earnest at 6 p.m. New York time.
President Donald Trump has proposed that Iran permit passage through the Strait of Hormuz and Washington end its blockade on Iranian ports in the next month. The two sides remain far apart on the question of Tehran’s nuclear program, according to the Journal.
Global stocks surged last week, pushing the S&P 500 and Nasdaq 100 to fresh records, while 10-year Treasury yields rose and crypto jumped. A solid US employment report, along with a drumbeat of strong corporate results, has bolstered speculation that the world’s largest economy remains resilient in the face of energy stress triggered by the Iran war.
“With the earnings season now largely behind us, investors’ focus remains firmly on the Strait of Hormuz and whether tanker traffic through this critical chokepoint improves,” said Julien Lafargue, chief market strategist at Barclays Private Bank and Wealth Management. “Recent developments have been modestly encouraging.”
About 82% of the S&P 500’s companies have beaten first-quarter profit estimates, according to data compiled by Bloomberg.
Across markets, the success of the momentum strategy — piling into recent winners, effectively — has become a defining feature. Junk bonds and crypto have been drawn in, and one momentum index in equities closed Friday near the highest since the global financial crisis. A gauge of chipmakers jumped 11% in five sessions.
Barclays Plc strategists say the trade has reached extremes that historically foreshadowed selloffs. At Goldman Sachs Group Inc., the trading desk wrote last week that valuations for high-momentum stocks are stretched and positioning is among the highest in recent years, based on prime brokerage data.
Story Continues
Brent crude, the global benchmark, rose 1.2% to settle around $101 a barrel on Friday, but still notched a weekly drop of about 6%. Ship-tracking data compiled by Bloomberg showed Al Kharaitiyat, a tanker carrying Qatari liquefied natural gas, transited Hormuz this weekend. It marks Qatar’s first export out of the region since the crisis began.
“If similar attempts succeed in the coming week, they will provide a key test of the prospect for at least partial resumption of Hormuz vessel crossings,” said Homin Lee, a strategist at Lombard Odier. “We are open to the possibility that the latest alarming headlines about the strait reflect not a slide toward another major confrontation but a form of tacit negotiations over the shape of the post-conflict arrangement.”
Inflation Threat
Fresh data on consumer prices in the coming week is likely to affirm inflation remains a threat in the US. Economists see a sharp 0.6% increase in the consumer price index for April, based on the Bloomberg survey median estimate. That’s after March’s biggest monthly advance since 2022. The Bureau of Labor Statistics’ report is due Tuesday.
In Friday’s report, April’s nonfarm payrolls rose 115,000 after an even bigger surge in March, marking the strongest two-month increase since 2024, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.3%.
Still, the Federal Reserve is viewed as likely to remain on hold for now to allow the oil price spike to play itself out. Money market pricing continued to suggest the Fed will keep rates steady this year.
Pimco Chief Investment Officer Dan Ivascyn said surging energy prices tied to Iran’s closing of the Strait of Hormuz create a new challenge for US policymakers who have struggled to bring inflation down to the central bank’s 2% target, the Financial Times reported Sunday, citing an interview.
The “US is further away from that, but you are going to see more tightening as it looks today in Europe, the UK and maybe even Japan, and I wouldn’t take it completely off the table for the US either,” Ivascyn told the FT.
Most Read from Bloomberg Businessweek
America’s Most Infamous Nuclear Site Returns to Fuel the AI Boom The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI Salmon Farms on Land Take Aim at a $19 Billion Industry Raising Cane’s Grew From an Idea a College Professor Hated America’s Go-To Autism Therapy Is Also the Most Controversial
©2026 Bloomberg L.P.
View Comments
- How The S.N. Nuclearelectrica (BVB:SNN) Investment Narrative Is Shifting Around A Steady Fair Value
May 9, 2026
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
The fair value estimate for S.N. Nuclearelectrica is being held at RON 49.00 per share, so the updated analyst work keeps the same price anchor in place. Analysts are fine-tuning inputs around that RON 49.00 level rather than reworking the broader thesis, which keeps the spotlight on how comfortable they are with the existing valuation story. As you read on, you will see how to track these shifts so you can stay on top of the evolving narrative around the stock.
Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value S.N. Nuclearelectrica.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Several firms, including Morgan Stanley, Barclays and Canaccord, have been willing to revisit their valuation work on S.N. Nuclearelectrica peers. This can signal that large institutions remain engaged with the sector and are updating models rather than stepping away from coverage. Morgan Stanley, in one recent example on a different SNN ticker, raised a price target while keeping an Overweight rating. This shows how some analysts can stay constructive when they see execution supporting their long term assumptions.
🐻 Bearish Takeaways
Canaccord has also shown a more cautious side on SNN peers at times, including a Hold rating alongside target changes. This underlines that not every analyst is prepared to pay up for sector exposure without clear proof points. Barclays has maintained an Equal Weight stance in some of its SNN related work. This highlights that parts of the analyst community see a more balanced risk reward profile rather than a clear bargain.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!BVB:SNN 1-Year Stock Price Chart
We've flagged 2 risks for S.N. Nuclearelectrica. See which could impact your investment.
What's in the News
S.N. Nuclearelectrica announced an annual dividend of RON 3.9107 per share, with an ex date on June 22, 2026, a record date on June 23, 2026, and payment scheduled for July 13, 2026. A Special and Extraordinary Shareholders Meeting is set for April 3, 2026, at 10:00 E. Europe Standard Time at the company headquarters conference room 01.01 in Bucharest, Romania. Another Special and Extraordinary Shareholders Meeting is scheduled for April 29, 2026, at 11:00 E. Europe Standard Time at the same headquarters conference room 01.01 in Bucharest, Romania. A further Special and Extraordinary Shareholders Meeting will be held on May 22, 2026, at 10:00 E. Europe Standard Time at the company headquarters conference room 01 in Bucharest, Romania.
Story Continues
How This Changes the Fair Value For S.N. Nuclearelectrica
Fair value is held at RON 49.00 per share. The core valuation anchor remains at the same level. Revenue growth is kept around an 18.29% decline, so expectations for the top line are unchanged. Net profit margin is held at roughly 28.45%, with no adjustment to modeled profitability. Future P/E moves slightly from 23.88x to 24.00x, using a modestly higher multiple on earnings. The discount rate edges up from 12.304% to 12.484%, reflecting a slightly higher required return in the model.
Never Miss an Update: Follow The Narrative
Narratives connect S.N. Nuclearelectrica's business story with analyst forecasts and fair value assumptions, so you can see how new information affects the bigger picture. They update as fresh data, projects and risks are factored into the outlook.
Head over to the Simply Wall St Community and follow the Narrative on S.N. Nuclearelectrica to stay up to date on:
How major nuclear projects such as the Unit 1 refurbishment, Units 3 and 4, and SMR development could affect future capacity and earnings once completed. The impact of electricity pricing trends, high exposure to the competitive market and the company's ability to pass higher operating costs on to customers. Key risks around regulatory changes, potential cost overruns, rising renewable competition and reliance on supportive government policy for nuclear energy.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include .
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- RBC Capital Lifts PT on Barclays PLC (BCS) Following Q1 Results
May 7, 2026
Barclays PLC (NYSE:BCS) is one of the best strong buy growth stocks to buy right now. RBC Capital lifted the price target on Barclays PLC (NYSE:BCS) to 575 GBp from 550 GBp on April 29 and maintained an Outperform rating on the shares. The rating update came after the company released its fiscal Q1 2026 results, with the firm telling investors in a research note that its profit estimate increased by 4%, driven by operating income and partially offset by operating expenses.Is Barclays PLC (BCS) the Best Undervalued UK Stock to Buy Right Now?
In its fiscal Q1 2026 results, Barclays PLC (NYSE:BCS) reported that it attained a 13.5% RoTE with double-digit returns in all its businesses. Top-line income grew 6% year-on-year, attributed to broad-based divisional performance, including in the Investment Bank, where the company generated over £4 billion in quarterly income for the first time.
Barclays PLC (NYSE:BCS) further reported that the income ratio improved to 56% and earnings per share (EPS) grew by 8% to 14.1p, with its capital position remaining robust with a 14.1% common equity tier 1 ratio. The company also announced a £500 million buyback and expressed confidence in delivering all its financial targets across a range of environments.
Headquartered in London, Barclays PLC (NYSE:BCS) is a bank holding company that provides credit cards, retail banking, wealth management, and corporate and investment banking services. Its operations are divided into the following segments: Barclays United Kingdom (UK), Barclays United Kingdom (UK) Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank, Barclays United States (US) Consumer Bank, and Head Office.
While we acknowledge the potential of BCS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
Disclosure: None. Follow Insider Monkey on Google News.
View Comments
