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LyondellBasell (LYB) Drops on 6th Day as Earnings Disappoint
We recently published . LyondellBasell Industries N.V. (NYSE:LYB) is one of the companies that stood stronger last week. LyondellBasell dropped its share prices for a sixth straight day on Monday, shedding 4.72 percent to close at $50.9 apiece as investors continued to unload positions following a disappointing earnings performance in the first half of the year. In a statement, LyondellBasell Industries N.V. (NYSE:LYB) said net income in the second quarter of the year declined by 87 percent to $115 million from $924 million in the same period last year, dragged down by asset write-downs, transaction costs, cash improvement plans, and discontinued operations. Sales and operating revenues decreased by 11 percent to $7.66 billion from $8.68 billion. Copyright: art9858 / 123RF Stock Photo Net income for the first half also dwindled by 79 percent to $292 million from $1.397 billion, while sales and operating revenues declined by 9.9 percent to $15.3 billion from $16.98 billion year-on-year. Meanwhile, LyondellBasell Industries N.V. (NYSE:LYB) announced the distribution of $1.37 per share to shareholders as of August 25, payable on September 2, 2025. While we acknowledge the potential of LYB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
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ON Semiconductor (ON) Nosedives 15% as Cautious Market Weighs on Outlook
We recently published . ON Semiconductor Corp. (NASDAQ:ON) is one of the companies that stood stronger last week. ON Semiconductor saw its share prices drop by 15.58 percent on Monday to close at $47.97 apiece as investors soured on its chief executive officer's warning of a cautious market sentiment that could dampen its profits and margins. In an investor call, ON Semiconductor Corp. (NASDAQ:ON) CEO Hassane El-Khoury said that there 'is a lot of uncertainty in the automotive market,' and that both Europe and North America are weak. 'You have the tariff, and you have just the general uncertainty of end market demand. So you see customers waiting to the last minute to place an order and an end,' he was quoted as saying. In the second quarter of the year, ON Semiconductor Corp. (NASDAQ:ON) dropped its attributable net income by 50 percent to $170.3 million from the $338.2 million registered in the same period last year. Revenues decreased by 15 percent to $1.47 billion from $1.73 billion year-on-year. For the third quarter of the year, ON Semiconductor Corp. (NASDAQ:ON) said it expects revenues to end between $1.47 billion and $1.56 billion. While we acknowledge the potential of ON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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Macy's (M) Falls on 5th Day on Investor Caution Ahead of Q2 Earnings
We recently published . Macy's Inc. (NYSE:M) is one of the companies that stood stronger last week. Macy's Inc. extended its losing streak to a fifth consecutive day on Monday, shedding 3.72 percent to close at $11.9 apiece, as investors unloaded portfolios ahead of the release of its earnings performance for the second quarter of the year. Based on its historical reporting dates, Macy's Inc. (NYSE:M) will release the results of its financial and operating highlights for the second quarter in the third week of August, or two weeks from now. Copyright: nicoletaionescu / 123RF Stock Photo However, the recent share price decline suggested a more cautious trading sentiment following a recent restructuring initiative that included the closure of 150 stores over a three-year period. Of the total, Macy's Inc. (NYSE:M) plans to close 66 stores this year, and impact its net sales in the second quarter of the year versus the same period last year. In the first quarter of the year, Macy's Inc. (NYSE:M) saw its net income decline by 39 percent to $38 million from $62 million in the same period last year. Total revenues decreased by 4.2 percent to $4.79 billion from $5 billion year-on-year. While we acknowledge the potential of M as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
