- KOP Tops Earnings and Revenue Estimates in Q1 on PC Unit Strength
May 18, 2026
Koppers Holdings Inc. KOP logged earnings (as reported) of 35 cents per share for the first quarter of 2026. This compares favorably with a loss of 68 cents a year ago.
Barring one-time items, adjusted earnings were 57 cents per share for the quarter, which fell from 71 cents a year ago and beat the Zacks Consensus Estimate of 44 cents.
Koppers recorded revenues of $455.3 million for the quarter, down around 0.3% year over year. The top line beat the Zacks Consensus Estimate of $410.5 million by roughly 10.9%.
Adjusted EBITDA was $49.3 million, down 11.2% year over year, with margin contracting to 10.8% from 12.2%.
Sales were mixed across segments in the quarter, with strength in Performance Chemicals (PC) offset by declines in Railroad and Utility Products and Services (RUPS) and Carbon Materials and Chemicals (CMC).
Koppers Holdings Inc. Price, Consensus and EPS Surprise
Koppers Holdings Inc. price-consensus-eps-surprise-chart | Koppers Holdings Inc. Quote
Segment Performance
RUPS: Sales from the segment fell around 6.4% year over year to $220 million in the reported quarter. Adjusted EBITDA declined 11.4% to $22.6 million, and margin contracted to 10.3% from 10.9%. The decline was due to customer mix in Class I crossties, lower maintenance-of-way activity, including roughly $9.6 million tied to the sale of the railroad services business in the third quarter of 2025, and price decreases across multiple markets, particularly crossties. These headwinds were partly offset by higher domestic utility pole volumes, including the acquisition of a western U.S. pole procurement business, higher commercial crosstie volumes and a $1.4 million favorable foreign currency impact, mainly from the Australian utility pole business.
PC: The segment recorded sales of $142.1 million in the quarter, up around 17.5% year over year. Adjusted EBITDA increased 28.4% to $25.8 million, with margin expanding to 18.2% from 16.6%. The gains were driven by a 15% increase in volumes and higher sales prices, mainly in the Americas. International foreign currency changes provided a $2.7 million favorable impact, while $2.4 million of higher raw material and operating costs partly offset the improvement, including higher scrap copper costs net of benefits from the company's copper-hedging program.
CMC: Sales from the division fell around 7.4% year over year to $93.2 million. Adjusted EBITDA plunged 90.9% to $0.9 million, with margin down to 1% from 9.8%. The decline reflected lower phthalic anhydride volumes of $13.9 million following the discontinuation of production in the second quarter of 2025 and lower sales prices across most products, particularly carbon pitch, where prices were down approximately 9% globally. These headwinds were partly offset by volume increases for carbon pitch, naphthalene and carbon black feedstock, a $7.6 million favorable foreign currency impact and cost savings from ceasing phthalic anhydride production.
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Balance Sheet, Cash Flow and Capital Deployment
Cash and cash equivalents were $42.8 million as of March 31, 2026, up from $38 million as of Dec. 31, 2025. Long-term debt was $915.3 million compared with $914.3 million at year-end 2025.
Operating cash flow was $46.3 million in the first quarter of 2026 against cash used in operations of $22.7 million in the prior-year quarter. Free cash flow was $34.9 million against a negative $37 million a year ago. Capital expenditures were $11.4 million compared with $14.3 million in the prior-year quarter.
Outlook
For 2026, Koppers now expects net sales of $1.9-$2 billion, adjusted EBITDA of $240-$260 million, adjusted EPS of $3.80-$4.60, operating cash flow of $165-$185 million and capital expenditures of about $55 million.
The company lowered its adjusted EBITDA and adjusted EPS guidance, citing the expected profitability impact of higher oil prices and ongoing competitive pressure in CMC. However, it raised its operating cash flow outlook as inventory reduction efforts are expected to support stronger cash generation. Management noted that underlying demand in PC and RUPS is tracking in line with, or slightly better than, expectations entering the year. The company is also ceasing production at its Stickney, IL, plant by year-end 2026, which is expected to support a more sustainable profitability path beginning in 2027.
KOP’s Price Performance
Shares of Koppers have gained 29.6% in the past year compared with the 13.5% growth in the industry.Zacks Investment Research
Image Source: Zacks Investment Research
KOP's Zacks Rank & Other Chemicals Releases
KOP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Kronos Worldwide KRO reported a first-quarter 2026 net loss of 4 cents per share, narrower than the Zacks Consensus Estimate of a loss of 33 cents. Kronos expects gross margin to improve as higher-cost inventory produced in late 2025 works through the system and it realizes the benefit of lower-cost production in 2026.
Huntsman Corporation’s HUN first-quarter 2026 adjusted loss per share was 20 cents compared with a loss of 11 cents in the year-ago quarter. It was narrower than the Zacks Consensus Estimate of a loss of 23 cents. The company expects margin improvement across regions from its pricing initiatives. It anticipates second-quarter adjusted EBITDA of $60-$75 million for Polyurethanes, $30-$40 million for Performance Products and $50-$55 million for Advanced Materials.
Olin Corporation OLN reported a first-quarter 2026 adjusted loss of 65 cents per share, narrower than the Zacks Consensus Estimate of a loss of 67 cents. Olin guided second-quarter 2026 adjusted EBITDA to a range of $160 million to $200 million.
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- Palisade Bio (PALI) Reports Q1 2026 Results as R&D Expenses Rise to $6.4M
May 18, 2026
Palisade Bio Inc. (NASDAQ:PALI) is one of the best NASDAQ stocks under $5 to buy right now. On May 12, Palisade reported Q1 2026 earnings, recording a net increase in operating expenses to fund its clinical pipeline. R&D expenses rose to $6.4 million for the quarter, compared to $1.0 million in Q1 2025, driven by higher employee-related costs, chemistry, manufacturing, and controls/CMC expenses, and clinical trial costs for PALI-2108. G&A expenses also increased to $4.4 million, up from $1.4 million in the prior year’s period, due to higher professional fees and non-cash share-based compensation.
The company highlighted the continued clinical progress of its lead candidate, PALI-2108, a once-daily, orally administered PDE4 inhibitor prodrug designed for targeted delivery to the terminal ileum and colon to treat inflammatory bowel disease/IBD. Following positive Phase 1a/b data in ulcerative colitis/UC, Palisade Bio reported encouraging data from its Phase 1b fibrostenotic Crohn’s disease cohort. The results showed sustained active metabolite exposure above necessary thresholds, favorable distribution to colon tissue, and modulation of key inflammatory and fibrotic pathways.Palisade Bio (PALI) Reports Q1 2026 Results as R&D Expenses Rise to $6.4M
Palisade Bio Inc. (NASDAQ:PALI) plans to submit an IND application for a Phase 2 UC trial in Q2, aiming for trial initiation in Q3 and a primary efficacy readout in H2 2027. Additionally, an IND submission for a Phase 2 Crohn’s disease trial is expected in H2 2026, targeting trial initiation in Q1 2027 and a primary efficacy readout in early 2028.
Palisade Bio Inc. (NASDAQ:PALI) is a biopharmaceutical company.
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- Is Commercial Metals (CMC) Price Still Attractive After Strong Multi Year Share Gains
May 17, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
If you are wondering whether Commercial Metals is offering fair value at its current price, this breakdown will help you connect the recent share performance with what the fundamentals are saying. The stock last closed at US$71.25, with returns of 0.4% over the past week, 7.7% over the past month, a slight decline of 0.8% year to date, and 50.1% over the past year. These figures provide context for any valuation work you do next. Recent coverage has focused on Commercial Metals in the context of broader metals and materials sector themes, including investor interest in companies with large multi year return records and solid balance sheets. This backdrop helps explain why the 3 year return of 64.5% and 5 year return of 147.5% are front of mind for many shareholders assessing whether the current price still makes sense. On Simply Wall St's valuation checks, Commercial Metals records a score of 5/6. This sets things up for a closer look at how different valuation methods compare and hints at an even more practical way to think about value that will be covered later on.
Find out why Commercial Metals's 50.1% return over the last year is lagging behind its peers.
Approach 1: Commercial Metals Discounted Cash Flow (DCF) Analysis
A Discounted Cash Flow, or DCF, model estimates what a stock could be worth by projecting the company’s future cash flows and discounting them back to today’s dollars. It is essentially asking what all those future cash flows are worth right now.
For Commercial Metals, the model used is a 2 Stage Free Cash Flow to Equity approach, based on cash flow projections. The latest twelve month Free Cash Flow is about $397.9 million. Analyst estimates and extrapolated figures point to projected Free Cash Flow reaching $1,064.5 million in 2035, with intermediate projections such as $387.3 million in 2026, $742.2 million in 2027 and $792.7 million in 2028, all in dollar terms.
When these projected cash flows are discounted back, the implied intrinsic value comes out at about $109.67 per share. Compared with the recent share price of $71.25, the DCF output suggests the stock trades at about a 35.0% discount. This indicates it may be undervalued on this model alone.
Result: UNDERVALUED
Our Discounted Cash Flow (DCF) analysis suggests Commercial Metals is undervalued by 35.0%. Track this in your watchlist or portfolio, or discover 51 more high quality undervalued stocks.CMC Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Commercial Metals.
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Approach 2: Commercial Metals Price vs Earnings
For profitable companies, the P/E ratio is a useful way to link what you pay for the stock with the earnings the business is currently generating. It gives you a quick sense of how many dollars investors are paying for each dollar of earnings.
What counts as a "normal" P/E depends on how fast earnings are expected to grow and how risky those earnings are. Higher growth and lower risk can support a higher multiple, while slower growth or higher risk usually points to a lower one.
Commercial Metals currently trades on a P/E of 15.6x. That sits below the Metals and Mining industry average of about 21.3x and below the peer group average of 27.9x. Simply Wall St's Fair Ratio for Commercial Metals is 19.5x, which estimates what the P/E "should" be given factors like its earnings growth profile, profit margins, industry, market cap and specific risks.
This Fair Ratio can be more informative than a simple comparison with peers or the industry because it adjusts for the company's own characteristics rather than assuming one size fits all. Compared with the current 15.6x P/E, the 19.5x Fair Ratio points to Commercial Metals trading below that reference level.
Result: UNDERVALUEDNYSE:CMC P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your Commercial Metals Narrative
Earlier it was mentioned that there is an even better way to understand valuation, so meet Narratives, where you set out your story for Commercial Metals by linking your view on its future revenue, earnings and margins to a financial forecast and a Fair Value, then compare that Fair Value with today’s price to decide whether the stock looks attractive or not.
On Simply Wall St’s Community page, Narratives are an easy tool that turn this story into numbers, update automatically when new information such as earnings or news arrives, and let you see how different views line up. For example, one investor might build a more optimistic Commercial Metals narrative around a Fair Value of US$85.00 that reflects higher assumed earnings and a 16.5x future P/E. Another might anchor a more cautious narrative closer to US$69.00 with softer revenue growth and a 16.8x future P/E. This gives you a clear range of perspectives to compare with your own.
For Commercial Metals, however, we’ll make it really easy for you with previews of two leading Commercial Metals Narratives:
Start with the bullish view if you think current projects and efficiencies will pay off over time, then balance it with the more cautious take that leans into long term industry risks and tighter margins.
🐂 Commercial Metals Bull Case
Fair value in this bullish narrative: US$80.30 per share.
Implied discount to this fair value at the last close of US$71.25, using ((80.30 minus 71.25) divided by 80.30): about 11.3%.
Revenue growth assumption used in this narrative model: 9.41% per year.
Focuses on Commercial Metals benefiting from the TAG program, new mills in Arizona and West Virginia, and efficiency gains that support higher margins and earnings. Assumes steady revenue growth, a higher profit margin profile, share count reductions from buybacks, and a future P/E of 11.47x. Flags risks around construction demand, tariffs, input costs and European exposure, and ties these to an analyst consensus fair value of about US$80.30.
🐻 Commercial Metals Bear Case
Fair value in this cautious narrative: US$69.00 per share.
Implied premium to this fair value at the last close of US$71.25, using ((71.25 minus 69.00) divided by 69.00): about 3.3%.
Revenue growth assumption used in this narrative model: 5.52% per year.
Centers on pressures from low carbon materials, automation, global steel overcapacity and reliance on cyclical construction markets, which could weigh on volumes and margins. Builds in more modest revenue growth, slightly lower margins, and a higher future P/E of 16.81x to reach a fair value of US$69.00. Highlights that stronger infrastructure demand, efficient new mills, recycling advantages and a solid balance sheet could still support earnings and shareholder returns if conditions are more favorable than this view assumes.
With these two narratives side by side, you can decide which set of assumptions feels closer to your own expectations for Commercial Metals and adjust your valuation work accordingly.
Do you think there's more to the story for Commercial Metals? Head over to our Community to see what others are saying!NYSE:CMC 1-Year Stock Price Chart
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 CMC.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Onco-Innovations Strengthens Quality Testing for Lead PNKP Inhibitor Drug Candidate
May 15, 2026
VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Onco-Innovations Limited (CBOE CA:ONCO)(OTCQB:ONNVF)(Frankfurt:W1H)(WKN: A3EKSZ) ("Onco" or the "Company") is pleased to announce that it has advanced its Chemistry, Manufacturing and Controls ("CMC") development program through the initiation of analytical method validation activities for assay, related substances, and residual solvents for A83B4C63, the active pharmaceutical ingredient ("API") for Onco's exclusively-licensed PNKP Inhibitor Technology, ONC010. These validation activities are designed to ensure the Company can consistently measure what is in the drug, confirm it meets quality standards, and demonstrate that manufacturing is reliable, all of which are important steps before a program can move toward future clinical trials.
This work, being conducted in collaboration with Dalton Pharma Services ("Dalton"), is designed to establish a robust analytical control strategy aligned with International Council for Harmonization (ICH) guidelines, including ICH Q2(R2) for analytical validation, ICH Q3A/B for impurities, and ICH Q3C for residual solvent control. These activities are intended to support IND-enabling studies and future Phase I clinical development.
The current scope includes validation of assay methods to ensure accurate quantification of A83B4C63, development of related substances and impurity profiles consistent with regulatory expectations, and evaluation of residual solvents to support future GMP manufacturing and clinical release readiness.
"Establishing validated analytical methods for assay, impurities, and residual solvents is a critical milestone in building the CMC foundation required for further clinical advancement. As programs scale, it becomes essential to demonstrate that each batch can meet the same defined quality standards. These activities are an important step in preparing our PNKP inhibitor technology for the requirements of future clinical-stage development," said Thomas O'Shaughnessy, Chief Executive Officer of Onco-Innovations.
About Onco-Innovations Limited
Onco-Innovations is a Canadian-based company dedicated to cancer research and treatment, specializing in oncology. Onco's mission is to pursue the prevention and treatment of cancer through pioneering research and innovative solutions. The company has secured an exclusive worldwide license to patented technology that targets solid tumours.
ON BEHALF OF ONCO-INNOVATIONS LIMITED,
"Thomas O'Shaughnessy"
Chief Executive Officer
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For more information, please contact:
Thomas O'Shaughnessy
Chief Executive Officer
Tel: + 1 888 261 8055
investors@oncoinnovations.com
Forward-Looking Statements Caution. This news release contains forward-looking statements, including in relation to the Company's business and plans generally, and other statements that are not historical facts, such as statements concerning the Company's ability to pursue and complete further research and development plans, and to maintain collaborative relations with contractual counterparties and key personnel. Forward-looking statements are often identified by terms such as "will", "may", "potential", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. In particular, the Company may not be able to fund or otherwise pursue further research and development activities, nor to maintain collaborate relations with contractual counterparties and key personnel. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
SOURCE: Onco-Innovations Limited
View the original press release on ACCESS Newswire
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- National Steel Q1 Earnings Miss Estimates on Softer Steel Demand
May 15, 2026
National Steel SID posted a first-quarter 2026 loss of 8 cents per share. The Zacks Consensus Estimate for the quarter’s bottom line was pegged at earnings of 23 cents. The company also posted a loss of 8 cents in the year-ago quarter.
SID’s Q1 Top Line Dips on Lower Key Market Revenues
National Steel reported a modest top-line pullback in the first quarter of 2026, reflecting softer revenues across both key markets.
Domestic-market net revenues dipped 1.7% year over year to R$5.42 billion ($1.09 billion), while foreign-market revenues declined 3.8% to R$5.19 billion ($1.04 billion). Overall, total net revenues were R$10.60 billion ($2.01 billion), down 2.8% from the year-ago quarter.
SID posted a net loss of R$555 million ($111 million) for the quarter, narrower than the R$731.6-million loss reported in the prior-year period.
Results reflected a seasonally weaker quarter with heavy rainfall, while steel demand was pressured early in the period by higher imports.
National Steel Company Price, Consensus and EPS Surprise
National Steel Company price-consensus-eps-surprise-chart | National Steel Company Quote
National Steel’s Profit Dips in Q1
In the first quarter of 2026, SID reported cost of goods sold of R$8.08 billion ($1.62 billion), down 3.5% from the year-ago quarter. Gross profit totaled R$2.52 billion ($0.51 billion). While gross profit was down 0.4% year over year, the gross margin improved to 23.8% from 23.2%, aided by tighter cost control and the impacts of exchange-rate movements on certain U.S. dollar-denominated inputs.
Adjusted EBITDA came in at R$2.65 billion ($0.53 billion), reflecting a 5.5% year-over-year increase, with an adjusted EBITDA margin of 23.9%.
SID’s Q1 Segmental Performance
Steel: The segment’s revenues totaled R$5.60 billion ($1.12 billion), down 8.3% year over year. Steel sales were 1,116 thousand tons, down 2.5% from the first quarter of 2025, reflecting pressure from imports and weaker activity in January and February, partly offset by a stronger March.
Mining: The segment generated revenues of R$3.19 billion ($0.64 billion), down 8.0% year over year. Iron ore sales were 9,636 thousand tons, broadly in line with the prior-year quarter, while production reached 10,063 thousand tons, down 1.4% year over year.
Logistics: The segment’s revenues totaled R$1.07 billion ($0.23 billion). The segment reported revenues of R$771 million ($154 million) in the year-ago quarter. Adjusted EBITDA for the segment was R$448 million ($90 million), with an adjusted EBITDA margin of 41.8%.
Energy: The segment’s revenues totaled R$203 million ($40 million), up 13.6% year over year. Adjusted EBITDA was R$61.9 million ($12 million), with an adjusted EBITDA margin of 30.5%.
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Cement: The segment’s revenues grew 14.0% year over year to R$1.26 billion ($0.25 billion). Cement sales volume totaled 3.064 million tons, down 4.5% from the prior-year quarter, as the company prioritized value over volumes. Adjusted EBITDA surged 62.7% year over year to R$392.5 million ($0.25 million), marking a record quarterly EBITDA for the segment.
National Steel’s Balance Sheet Updates
SID reported consolidated net debt of R$40.5 billion ($8 billion) as of March 31, 2026, and net leverage of 3.36X (Net Debt/LTM EBITDA), improving from the year-end levels. The company tied the move to operating progress, an iron ore prepayment agreement and the favorable impacts of exchange-rate variation on foreign-currency debt, while reiterating its focus on resolving capital structure through additional initiatives.
SID Stock’s Price Performance
National Steel’s shares have lost 19.1% in the past year against the industry’s 89.4% surge.Zacks Investment Research
Image Source: Zacks Investment Research
National Steel’s Zacks Rank
SID currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Peer Performance
ArcelorMittal S.A. MT recorded first-quarter 2026 net income of $575 million or 75 cents per share. This compares unfavorably with the net income of $805 million or $1.04 per share in the year-ago quarter.
ArcelorMittal recorded adjusted earnings of 76 cents per share. The bottom line beat the Zacks Consensus Estimate of 72 cents. ArcelorMittal’s revenues rose around 4% year over year to $15.5 billion in the quarter. The figure marginally missed the consensus estimate of $15.7 billion.
Nucor Corporation NUE reported earnings of $3.23 per share for the first quarter of 2026, up from 67 cents in the year-ago quarter. It beat the Zacks Consensus Estimate of $2.79. Nucor posted net revenues of $9.5 billion, up 21.3% year over year. The figure beat the Zacks Consensus Estimate of $8.7 billion.
Commercial Metals Company CMC reported adjusted earnings per share of $1.16 in second-quarter fiscal 2026 (ended Feb. 28, 2026), missing the Zacks Consensus Estimate of $1.28. Adjusted for one-time items, the company posted earnings of 31 cents in the prior-year quarter. Commercial Metals’ revenues in the reported quarter were $2.13 billion compared with $1.75 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $1.98 billion.
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- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Grace Therapeutics, Inc. - GRCE
May 15, 2026 · gurufocus.com
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Grace Therapeutics, Inc. - GRCE PR Newswire
- Stocks Settle Higher on Strong Tech Earnings and Economic Resilience
May 14, 2026
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.73%. June E-mini S&P futures (ESM26) rose +0.78%, and June E-mini Nasdaq futures (NQM26) rose +0.75%.
Stock indexes settled higher on Thursday, with the S&P 500 and Nasdaq 100 posting new all-time highs, and the Dow Jones Industrials posting a 3-month high. Strength in technology stocks supported gains in the overall market on Thursday, led by a +13% jump in Cisco Systems after it raised its full-year revenue and earnings forecast. Stocks also benefited from the US-China summit in Beijing, where the US and China discussed various issues, including expanding market access for US businesses and purchasing US energy and agricultural products. Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks added to their gains on Thursday on signs of economic resilience after US reports showed that April retail sales rose as expected and that weekly jobless claims remained near historically low levels.
US weekly initial unemployment claims rose +12,000 to 211,000, showing a weaker labor market than expectations of 205,000.
US Apr retail sales rose +0.5% m/m, right on expectations. Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.
The US Apr import price index ex-petroleum rose by +0.7% m/m, stronger than expectations of +0.5% m/m.
Hawkish comments on Thursday from Kansas City Fed President Jeff Schmid were negative for stocks, as he said the fundamentals of the US economy are sound but "inflation is the most pressing risk to the economy."
WTI crude oil prices (CLM26) finished slightly higher on Thursday as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Thursday, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed up +1.26%. China's Shanghai Composite fell from a nearly 11-year high and closed down -1.52%. Japan's Nikkei Stock Average fell from a record high and closed down -0.98%.
Interest Rates
June 10-year T-notes (ZNM6) on Thursday closed up by +3.5 ticks. The 10-year T-note yield fell -0.6 bp to 4.463%. T-notes moved slightly higher on Thursday after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. T-notes also moved higher on Thursday as bond dealers covered short positions placed in T-notes to hedge against the $125 billion of US government security sales from this week’s quarterly refunding. T-notes fell back from their best level after Kansas City Fed President Jeff Schmid said, "inflation is the most pressing risk to the economy."
European government bond yields moved lower on Thursday. The 10-year German Bund yield fell -5.8 bp to 3.043%. The 10-year UK gilt yield fell -7.1 bp to 4.994%.
UK Mar manufacturing production unexpectedly rose +1.2% m/m, stronger than expectations of a -0.1% m/m decline and the largest increase in four months.
ECB Governing Council member Martins Kazaks said, "Oil prices are higher, we see that it's gradually starting to push inflation up, and if inflation expectations start to deteriorate, then the ECB will be forced to raise interest rates."
Swaps are discounting an 80% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers rallied on Thursday amid optimism that the summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. Broadcom (AVGO) closed up more than +6%, and Nvidia (NVDA) closed up more than +4%. Also, Marvell Technology (MRVL) and KLA Corp (KLAC) closed up more than +3%, and ARM Holdings Plc (ARM) closed up by more than +2%. In addition, Advanced Micro Devices (AMD), Applied Materials (AMAT), Lam Research (LRCX), and Texas Instruments (TXN) closed up by more than +1%.
Cybersecurity stocks moved higher on Thursday, providing support to the broader market. Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA), CrowdStrike Holdings (CRWD), Cloudflare (NET), and Fortinet (FTNT) closed up more than +3%. Also, Zscaler (ZS) closed up more than +1%.
Mining stocks retreated on Thursday as silver prices fell by more than -4% and copper prices slid by more than -1%. Hecla Mining (HL) closed down more than -8%, and Barrick Mining (B) closed down more than -3%. Also, Newmont Corp (NEM) closed down more than -2%, and Freeport McMoRan (FCX), Southern Copper (SCCO), and Coeur Mining (CDE) closed down more than -1%.
Cisco Systems (CSCO) closed up more than +13% to lead gainers in the S&P 500, Nasdaq 100, and the Dow Jones Industrials after reporting Q3 results that beat expectations and raised its full-year forecast.
Stubhub Holdings (STUB) closed up more than +13% after reporting Q1 revenue of $446 million, better than the consensus of $425 million.
Take-Two Interactive Software (TTWO) closed up more than +6% on an unconfirmed report that said the company’s highly anticipated Grand Theft Auto VI game will soon be available for pre-order.
Ford Motor (F) closed up more than +6% after it said it would invest $2 billion to get into the data storage business, which includes producing large energy cells for the storage business.
Assurant (AIZ) closed up more than +4% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $285.
Commercial Metals (CMC) closed up more than +3% after UBS upgraded the stock to buy from neutral with a price target of $89.
Doximity (DOCS) is down more than -23% after forecasting 2027 revenue of $664 million to $676 million, well below the consensus of $698.9 million.
Boeing (BA) closed down more than -4% to lead losers in the Dow Jones Industrials after China agreed to buy 200 Boeing planes, well below expectations of a 500-plane purchase.
Oklo (OKLO) closed down by more than -3% after announcing its intent to offer up to $1 billion in shares of its common stock.
Akamai Technologies (AKAM) closed down more than -3% after agreeing to buy LayerX for about $205 million, saying the acquisition will cut full-year adjusted EPS by about 12 cents.
Kodiak Gas Services (KGS) closed down nearly -2% after offering shares for $70 to $72 per share in an overnight share sale, below Wednesday’s closing price of $75.74.
Camden Property Trust (CPT) closed down more than -1% after Scotiabank downgraded the stock to sector underperform from sector perform with a price target of $95.
Earnings Reports(5/15/2026)
Actuate Therapeutics Inc (ACTU), Arrive AI Inc (ARAI), ARS Pharmaceuticals Inc (SPRY), Bright Minds Biosciences Inc (DRUG), Falcon's Beyond Global Inc (FBYD), Gossamer Bio Inc (GOSS), Lument Finance Trust Inc (LFT), Maui Land & Pineapple Co Inc (MLP), NexPoint Diversified Real Estate Trust (NXDT), Picard Medical Inc (PMI), RBC Bearings Inc (RBC), Smith-Midland Corp (SMID). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Stocks Settle Higher on Strong Tech Earnings and Economic Resilience
May 14, 2026
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.73%. June E-mini S&P futures (ESM26) rose +0.78%, and June E-mini Nasdaq futures (NQM26) rose +0.75%.
Stock indexes settled higher on Thursday, with the S&P 500 and Nasdaq 100 posting new all-time highs, and the Dow Jones Industrials posting a 3-month high. Strength in technology stocks supported gains in the overall market on Thursday, led by a +13% jump in Cisco Systems after it raised its full-year revenue and earnings forecast. Stocks also benefited from the US-China summit in Beijing, where the US and China discussed various issues, including expanding market access for US businesses and purchasing US energy and agricultural products. Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.
More News from Barchart
Dear Broadcom Stock Fans, Mark Your Calendars for June 3 Buying CBRS Stock After the Cerebras IPO Is a Bet on Engineering Magic. That Same Magic Could Be the Kiss of Death. As Revenue Surges Nearly 9,000%, the Quantum Computing Stock Story Is Still in the ‘Early Stages’c Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
Stocks added to their gains on Thursday on signs of economic resilience after US reports showed that April retail sales rose as expected and that weekly jobless claims remained near historically low levels.
US weekly initial unemployment claims rose +12,000 to 211,000, showing a weaker labor market than expectations of 205,000.
US Apr retail sales rose +0.5% m/m, right on expectations. Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.
The US Apr import price index ex-petroleum rose by +0.7% m/m, stronger than expectations of +0.5% m/m.
Hawkish comments on Thursday from Kansas City Fed President Jeff Schmid were negative for stocks, as he said the fundamentals of the US economy are sound but "inflation is the most pressing risk to the economy."
WTI crude oil prices (CLM26) finished slightly higher on Thursday as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
Story Continues
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Thursday, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed up +1.26%. China's Shanghai Composite fell from a nearly 11-year high and closed down -1.52%. Japan's Nikkei Stock Average fell from a record high and closed down -0.98%.
Interest Rates
June 10-year T-notes (ZNM6) on Thursday closed up by +3.5 ticks. The 10-year T-note yield fell -0.6 bp to 4.463%. T-notes moved slightly higher on Thursday after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. T-notes also moved higher on Thursday as bond dealers covered short positions placed in T-notes to hedge against the $125 billion of US government security sales from this week’s quarterly refunding. T-notes fell back from their best level after Kansas City Fed President Jeff Schmid said, "inflation is the most pressing risk to the economy."
European government bond yields moved lower on Thursday. The 10-year German Bund yield fell -5.8 bp to 3.043%. The 10-year UK gilt yield fell -7.1 bp to 4.994%.
UK Mar manufacturing production unexpectedly rose +1.2% m/m, stronger than expectations of a -0.1% m/m decline and the largest increase in four months.
ECB Governing Council member Martins Kazaks said, "Oil prices are higher, we see that it's gradually starting to push inflation up, and if inflation expectations start to deteriorate, then the ECB will be forced to raise interest rates."
Swaps are discounting an 80% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers rallied on Thursday amid optimism that the summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. Broadcom (AVGO) closed up more than +6%, and Nvidia (NVDA) closed up more than +4%. Also, Marvell Technology (MRVL) and KLA Corp (KLAC) closed up more than +3%, and ARM Holdings Plc (ARM) closed up by more than +2%. In addition, Advanced Micro Devices (AMD), Applied Materials (AMAT), Lam Research (LRCX), and Texas Instruments (TXN) closed up by more than +1%.
Cybersecurity stocks moved higher on Thursday, providing support to the broader market. Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA), CrowdStrike Holdings (CRWD), Cloudflare (NET), and Fortinet (FTNT) closed up more than +3%. Also, Zscaler (ZS) closed up more than +1%.
Mining stocks retreated on Thursday as silver prices fell by more than -4% and copper prices slid by more than -1%. Hecla Mining (HL) closed down more than -8%, and Barrick Mining (B) closed down more than -3%. Also, Newmont Corp (NEM) closed down more than -2%, and Freeport McMoRan (FCX), Southern Copper (SCCO), and Coeur Mining (CDE) closed down more than -1%.
Cisco Systems (CSCO) closed up more than +13% to lead gainers in the S&P 500, Nasdaq 100, and the Dow Jones Industrials after reporting Q3 results that beat expectations and raised its full-year forecast.
Stubhub Holdings (STUB) closed up more than +13% after reporting Q1 revenue of $446 million, better than the consensus of $425 million.
Take-Two Interactive Software (TTWO) closed up more than +6% on an unconfirmed report that said the company’s highly anticipated Grand Theft Auto VI game will soon be available for pre-order.
Ford Motor (F) closed up more than +6% after it said it would invest $2 billion to get into the data storage business, which includes producing large energy cells for the storage business.
Assurant (AIZ) closed up more than +4% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $285.
Commercial Metals (CMC) closed up more than +3% after UBS upgraded the stock to buy from neutral with a price target of $89.
Doximity (DOCS) is down more than -23% after forecasting 2027 revenue of $664 million to $676 million, well below the consensus of $698.9 million.
Boeing (BA) closed down more than -4% to lead losers in the Dow Jones Industrials after China agreed to buy 200 Boeing planes, well below expectations of a 500-plane purchase.
Oklo (OKLO) closed down by more than -3% after announcing its intent to offer up to $1 billion in shares of its common stock.
Akamai Technologies (AKAM) closed down more than -3% after agreeing to buy LayerX for about $205 million, saying the acquisition will cut full-year adjusted EPS by about 12 cents.
Kodiak Gas Services (KGS) closed down nearly -2% after offering shares for $70 to $72 per share in an overnight share sale, below Wednesday’s closing price of $75.74.
Camden Property Trust (CPT) closed down more than -1% after Scotiabank downgraded the stock to sector underperform from sector perform with a price target of $95.
Earnings Reports(5/15/2026)
Actuate Therapeutics Inc (ACTU), Arrive AI Inc (ARAI), ARS Pharmaceuticals Inc (SPRY), Bright Minds Biosciences Inc (DRUG), Falcon's Beyond Global Inc (FBYD), Gossamer Bio Inc (GOSS), Lument Finance Trust Inc (LFT), Maui Land & Pineapple Co Inc (MLP), NexPoint Diversified Real Estate Trust (NXDT), Picard Medical Inc (PMI), RBC Bearings Inc (RBC), Smith-Midland Corp (SMID).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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- S&P 500 and Nasdaq 100 Post Record Highs on Tech Strength
May 14, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.79%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.78%. June E-mini S&P futures (ESM26) are up +0.71%, and June E-mini Nasdaq futures (NQM26) are up +0.80%.
Stock indexes are pushing higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Strength in technology stocks is supporting gains in the overall market today, led by a +13% jump in Cisco Systems after it raised its full-year revenue and earnings forecast. Stocks also benefited from the US-China summit in Beijing, where the US and China discussed various issues, including expanding market access for US businesses and purchasing US energy and agricultural products. Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks maintained their gains today after US economic news showed that April retail sales rose as expected and after weekly jobless claims remained near historically low levels.
US weekly initial unemployment claims rose +12,000 to 211,000, showing a weaker labor market than expectations of 205,000.
US Apr retail sales rose +0.5% m/m, right on expectations. Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.
The US Apr import price index ex-petroleum rose by +0.7% m/m, stronger than expectations of +0.5% m/m.
Hawkish comments today from Kansas City Fed President Jeff Schmid were negative for stocks, as he said the fundamentals of the US economy are sound but "inflation is the most pressing risk to the economy."
WTI crude oil prices (CLM26) are moving higher today as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 7% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +1.06%. China's Shanghai Composite fell from a nearly 11-year high and closed down -1.52%. Japan's Nikkei Stock Average fell from a record high and closed down -0.98%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +4 ticks. The 10-year T-note yield is down -1.8 bp to 4.451%. T-notes are climbing today after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. T-notes are also moving higher today as bond dealers cover short positions placed in T-notes to hedge against the $125 billion of US government security sales from this week’s quarterly refunding. T-notes fell back from their best level after Kansas City Fed President Jeff Schmid said, "inflation is the most pressing risk to the economy."
European government bond yields are moving lower today. The 10-year German Bund yield is down by -4.8 bp to 3.052%. The 10-year UK gilt yield is down -5.8 bp to 5.007%.
UK Mar manufacturing production unexpectedly rose +1.2% m/m, stronger than expectations of a -0.1% m/m decline and the largest increase in four months.
ECB Governing Council member Martins Kazaks said, "Oil prices are higher, we see that it's gradually starting to push inflation up, and if inflation expectations start to deteriorate, then the ECB will be forced to raise interest rates."
Swaps are discounting an 81% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are climbing today on optimism that the summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. Marvell Technology (MRVL) is up more than +5%, and Broadcom (AVGO) and Nvidia (NVDA) are up more than +4%. Also, Advanced Micro Devices (AMD), Applied Materials (AMAT), and KLA Corp (KLAC) are up more than +1%.
Cybersecurity stocks are moving higher today, providing support to the broader market. Okta (OKTA) and Palo Alto Networks (PANW) are up more than +3%, and Zscaler (ZS) and Cloudflare (NET) are up more than +2%. Also, CrowdStrike Holdings (CRWD) and Fortinet (FTNT) are up more than +1%.
Mining stocks are falling today, with silver prices down more than -4% and copper prices down more than -1%. Hecla Mining (HL) is down more than -5%, and Barrick Mining (B) is down more than -3%. Also, Freeport McMoRan (FCX), Newmont Corp (NEM), and Southern Copper (SCCO) are down more than -2%. In addition, Coeur Mining (CDE) is down more than -1%.
Stubhub Holdings (STUB) is up more than +20% after reporting Q1 revenue of $446 million, better than the consensus of $425 million.
Cisco Systems (CSCO) is up more than +13% to lead gainers in the S&P 500, Nasdaq 100, and the Dow Jones Industrials after reporting Q3 results that beat expectations and raised its full-year forecast.
Take-Two Interactive Software (TTWO) is up more than +8% on an unconfirmed report that said the company’s highly anticipated Grand Theft Auto VI game will soon be available for pre-order.
Ford Motor (F) is up more than +7% after it said it would invest $2 billion to get into the data storage business, which includes producing large energy cells for the storage business.
Commercial Metals (CMC) is up more than +3% after UBS upgraded the stock to buy from neutral with a price target of $89.
Starbucks (SBUX) is up more than +2% after TD Cowen upgraded the stock to buy from hold with a price target of $120.
Doximity (DOCS) is down more than -24% after forecasting 2027 revenue of $664 million to $676 million, well below the consensus of $698.9 million.
Oklo (OKLO) is down by more than -6% after announcing its intent to offer up to $1 billion in shares of its common stock.
Akamai Technologies (AKAM) is down more than -4% after agreeing to buy LayerX for about $205 million, saying the acquisition will cut full-year adjusted EPS by about 12 cents.
Kodiak Gas Services (KGS) is down more than -1% after offering shares for $70 to $72 per share in an overnight share sale, below Wednesday’s closing price of $75.74.
Earnings Reports(5/14/2026)
Applied Materials Inc (AMAT), Bullish (BLSH), Fermi Inc (FRMI), Globant SA (GLOB), Liberty Live Holdings Inc (LLYVA), NIQ Global Intelligence Plc (NIQ), NU Holdings Ltd/Cayman Islands (NU), Versant Media Group Inc (VSNT), Viking Holdings Ltd (VIK), YETI Holdings Inc (YETI). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
2 Unusually Active Shopify Stock Calls Work Out to 1 Interesting StrategyThe AI Boom Has a Power Problem. This Stock May Be the Biggest Winner.How Boeing Stock Could Be the Biggest Winner From the Trump-Xi Meetings in ChinaAs South Korea Walks Back Its AI Tax Proposal, the Brief Selloff in MU Stock Is a Non-Event
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Commercial Metals' Stock Price Offers Attractive Entry Point, UBS Says in Upgrade
May 14, 2026
Commercial Metals' (CMC) current stock price offers an attractive entry point for investors as downs
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