OpenAI says Meta is trying to poach staff with $100mn sign-on offers
OpenAI chief executive Sam Altman has accused Mark Zuckerberg's Meta of trying to poach his developers with the promise of $100mn sign-on
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Avery Dennison Stock: Is AVY Underperforming the Consumer Cyclical Sector?
With a market cap of $13.6 billion, Avery Dennison Corporation (AVY) is a global materials science and digital identification solutions company. It specializes in pressure-sensitive materials, labeling and packaging solutions, and RFID-based information technologies for a wide range of industries including retail, automotive, pharmaceuticals, and logistics. Companies valued at more than $10 billion are generally considered 'large-cap' stocks, and Avery Dennison fits this criterion perfectly. With operations across the Americas, Europe, Asia, and beyond, the company serves clients in diverse markets such as home and personal care, food and beverage, apparel, and e-commerce. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? 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! Shares of the Mentor, Ohio-based company pulled back 25.5% from its 52-week high of $233.48. Shares of Avery Dennison have fallen 3.3% over the past three months, lagging behind the Materials Select Sector SPDR Fund's (XLB) marginal rise over the same time frame. Longer term, AVY stock is down 7.1% on a YTD basis, underperforming XLB's 3.4% gain. Moreover, shares of the maker of office products have dipped 23.4% over the past 52 weeks, a steeper decline than XLB's 2.8% drop over the same time frame. The stock has been trading below its 200-day moving average since late October last year. Shares of Avery Dennison fell 2.6% on Apr. 23 after the company posted Q1 2025 adjusted EPS of $2.30, missing analysts' expectations. Additionally, it pulled its annual forecast due to macroeconomic uncertainty and shifted to quarterly guidance, with a Q2 adjusted EPS outlook of $2.30 to $2.50, below the analyst consensus midpoint of $2.47. Revenue from its core materials group declined year-over-year, and total revenue dipped slightly to $2.2 billion, matching forecasts but reflecting weak momentum. Nevertheless, rival Smurfit Westrock Plc (SW) has lagged behind AVY stock. Shares of Smurfit Westrock have declined 21.3% on a YTD basis. Despite the stock's underperformance relative to the sector, analysts are moderately optimistic on AVY. The stock has a consensus rating of 'Moderate Buy' from the 13 analysts covering the stock, and as of writing, it is trading below the mean price target of $196.85. On the date of publication, Sohini Mondal 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 Sign in to access your portfolio
Yahoo
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Is Genuine Parts Stock Underperforming the Nasdaq?
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CNBC
9 minutes ago
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This phone is made in the USA, and Trump's name isn't on it
President Donald Trump's family business is taking preorders for a gold-colored smartphone, the T1. Trump Mobile, which launched Tuesday, says the device will be available in September, cost far less than Apple's and Samsung's smartphones — and be made in the United States, aligning with the president's "America First" economic ethos. Industry experts and tech journalists instantly cast doubt on those claims. And if Carlsbad, California-based smartphone maker Purism is any example, it would take much more than two months for Trump Mobile to build an American-made smartphone from scratch. It would also most likely be more expensive than the T1's advertised price of $499. At $2,000, Purism's Liberty Phone is more expensive than an iPhone 16 Pro. It has half the iPhone's memory with roughly twice the thickness. You also can't download many apps on it. According to Todd Weaver, who founded Purism in 2014, it's the only U.S.-made smartphone on the market. But with "kill switches" to turn off its Wi-Fi, camera and microphone, the Liberty Phone is marketed as a secure option because it also carries its own operating system designed by Purism. It took a lot of time and effort to get to that point, Weaver told NBC News. Going from "I would like to make a phone and I would like to make it in the U.S." to actually achieving it took six years, he said. Purism's assembly line consists of just four people screwing together phones by hand — a far cry from the shoulder-to-shoulder line of people and automated machinery often associated with mass production facilities in China. The "Made in the USA electronics" sticker that Purism slaps on the product is a declaration of confidence — since the Federal Trade Commission regulates claims of that sort. Yet even Purism's built-in-America phone needs some foreign help. Ninety percent of its materials come from the United States, Canada or Europe. Among the components made elsewhere: a chassis from China, camera modules from China or South Korea and a Bluetooth module from India. Purism publishes that information online. For materials like a specific crystal necessary for the motherboard to operate, Purism says there are no options for U.S. sourcing, meaning there's no choice but to buy from China. "There just isn't a company yet providing that single crystal," Weaver said. The Trump Organization didn't respond to questions about how Trump Mobile's T1 phone would be made. Another issue looming over the market: Trump's ever-shifting trade policies. He recently threatened a 25% tariff on all smartphone imports, taking aim at manufacturers like Apple and Samsung, which make their phones abroad. "Again, when they build their plant here, there's no tariff, so they're going to be building plants here," he said last month. The percentage of the materials for Purism's phone that come from overseas is small enough that tariffs from the Trump administration wouldn't affect its $2,000 price. But the tariffs would affect a phone Purism does make in China, called the Librem 5. It's priced at $800, but new import duties would take it closer to the Liberty phone's $2,000 level. While tariffs are a "good incentive" for manufacturing in the United States, Weaver said, the administration's on-again, off-again approach makes it tough to plan. "It's terrible," Weaver said. "If you have no idea and you can't predict [the policy], it's very hard for any company, for any business owner. From T-shirts, textiles to high tech, it is very hard to make a long-term business decision when you're in a whipsaw."
