Latest news with #S&PGlobalMarketIntelligence
Yahoo
41 minutes ago
- Business
- Yahoo
Why The Trade Desk Stock Popped 40% in May
After missing fourth-quarter estimates, The Trade Desk redeemed itself with a strong first-quarter earnings report. The stock also gained as the U.S. and China agreed to lower tariff rates. The Trade Desk has made significant investments in AI, which should set it up for success over the long term. 10 stocks we like better than The Trade Desk › Shares of The Trade Desk (NASDAQ: TTD) were soaring last month as the ad tech leader delivered better-than-expected results in its first-quarter earnings report, redeeming itself after an earlier miss, and benefited from a broader risk-on movement in the market. That included a surge on May 12 when the U.S. and China agreed to lower tariff rates. As a result, The Trade Desk stock finished May up 40%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock popped following its May 8 earnings report and gained on the following session due to the favorable trade war news. The Trade Desk, which is the leading independent, demand-side platform in ad tech, got off to a rough start to the year after missing its own guidance for the first time in February when it reported Q4 earnings. Its Q1 earnings report reassured investors, showing that the Q4 miss was indeed a blip rather than a sign of underlying problems. In Q1, The Trade Desk's revenue jumped 25% to $616 million, easily topping estimates at $575.3 million, and management said the strategic updates it implemented in Q4 were paying off. On the bottom line, it also delivered strong results as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $208 million were up from $162 million in the quarter a year ago. Adjusted earnings per share increased from $0.26 to $0.33, topping expectations at $0.25. The Trade Desk stock gained 19% on May 9 on the news and then added another 12% on May 12 on news that the U.S. and China were lowering their tariff rates for 90 days. Due to its exposure to advertising, The Trade Desk is sensitive to the macroeconomic climate, so calming trade tensions is a good sign for the company. Over the rest of the month, the stock was mostly flat. The Trade Desk remains an expensive stock at a price-to-earnings (P/E) ratio of 91 based on generally accepted accounting principles (GAAP), but the company looks poised for long-term growth thanks to its investments in AI and the broader growth of the digital advertising market. Looking ahead to Q2, the company expects revenue of at least $682 million, or at least 17% on adjusted EBITDA of $259 million. If it can maintain that kind of growth, the stock should move higher over the long term. Before you buy stock in The Trade Desk, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and The Trade Desk wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Jeremy Bowman has positions in The Trade Desk. The Motley Fool has positions in and recommends The Trade Desk. The Motley Fool has a disclosure policy. Why The Trade Desk Stock Popped 40% in May was originally published by The Motley Fool Sign in to access your portfolio
The Star
9 hours ago
- Business
- The Star
Britain's manufacturing sector sustains contraction in May
LONDON, June 2 (Xinhua) -- Britain's manufacturing sector continued the streak of contraction in May amid weak global market conditions, trade uncertainty and rising employment costs, data released by S&P Global showed on Monday. The seasonally adjusted UK Manufacturing Purchasing Managers' Index (PMI) stood at 46.4 in May, up from 45.4 in April, S&P Global said, noting that the figure has nonetheless signalled a deterioration in operating performance in each of the past eight months. The data further showed that the country's manufacturing production contracted for the 7th consecutive month in May, while new business volume decreasing for the 8th month, as demand for new work fell both domestically and overseas. New export orders further dropped in May due to tariff uncertainty, government policy and global market turbulence, with foreign demand falling for the 40th successive month. Business confidence remained subdued as manufacturers continued to raise concerns that turbulent trade conditions, the weak economic outlook and rising cost burdens will make market conditions tough during the year ahead. "Smaller manufacturers are experiencing the sharpest pinch, registering the steepest retrenchments in output and demand and seeing their confidence slump to a near record low. Job losses are also rising across manufacturing, with the rate of decline in employment gathering pace," said Rob Dobson, director at S&P Global Market Intelligence. "Trading conditions remain turbulent both at home and abroad, making either a return to stabilization or a sink back into deeper contraction likely during the coming months," Dobson added.
Yahoo
13 hours ago
- Business
- Yahoo
Canada factory PMI rises in May but sector remains in contraction
By Fergal Smith TORONTO (Reuters) -Canadian manufacturing activity contracted for a fourth straight month in May as trade uncertainty led to firms shedding workers at the fastest pace since shortly after the start of the COVID-19 pandemic, data on Monday showed. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) edged up to 46.1 in May from 45.3 in April but was stuck below the 50 no-change level for the fourth straight month. A reading below 50 indicates contraction in the sector. 'With manufacturers continuing to be hit by tariffs and trade uncertainty, May saw the sector experience a further significant contraction," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. "The hard to predict nature of trade policies means the outlook for production remains extremely uncertain and given the recent scale of the downturn in the sector, job losses are mounting." The employment component fell to 44.9 from 47.6 in April, marking the lowest level since June 2020, while measures of output and new orders also remained in contraction. Canada sends about 75% of its exports to the United States, including steel, aluminum and autos which have been hit with hefty U.S. duties. Retaliatory tariffs have been imposed on some U.S. goods. 'Unsurprisingly, tariffs remain the primary source of price pressures, whilst also leading to an intensification of supply side delays," Smith said. The measure of input prices rose to 63.5 from 62.1 in April, leaving it just below the 31-month peak it touched in March, while the average lead times for the delivery of inputs lengthened for an 11th straight month. The deterioration in vendor performance was linked to port congestion and challenges at customs. The Future Output Index edged up to 50.9 from 50.4 in April, with some firms hopeful that government policies could help stabilize the macroeconomic environment, but was well below the survey's historical norm, S&P Global said. Canadian Prime Minister Mark Carney, whose Liberal Party retained power in an April election, has proposed sweeping changes to boost economic growth. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
North Wales Chronicle
16 hours ago
- Business
- North Wales Chronicle
UK manufacturing shrinks again but may be ‘turning a corner'
Factories saw the recent downturn linked to trade tensions, US tariffs and higher costs slow down during May but highlighted that confidence was still 'subdued'. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 46.4 in May, up from 45.4 in April. Any reading above 50 indicates that activity is growing while any score below means it is contracting. The sector is, therefore, still contracting, but at a slower rate. It was a stronger performance than expected, with economists having predicted a reading of 45.1 for the month. Rob Dobson, director at S&P Global Market Intelligence, said: 'May PMI data indicate that UK manufacturing faces major challenges, including turbulent market conditions, trade uncertainties, low client confidence and rising tax-related wage costs. 'Downturns in output, new orders and new export business have continued, and business optimism has stayed subdued by the historical standards of the survey. 'There are some signs of manufacturing turning a corner, though. 'PMI indices tracking output and new orders have moved higher in each of the past two months, suggesting the downturn is easing, and came in better than the earlier flash estimates for May.' Firms saw factory production contract again as companies scaled back production due to a reduction in new work, both in the UK and from overseas clients. Total new business volumes also decreased further, although this was at a slower rate than the previous month. Weak global market conditions, trade uncertainty, low customer confidence and cost pressures linked to the recent rise in employer national insurance contributions were all linked to the continued decline. However, some firms indicated that warmer weather conditions helped support positive sales in May. The latest figures come amid continued uncertainty over US President Donald Trump's tariff plans, which continued to change in recent weeks. Mr Trump said a new 50% import tariff on steel and aluminium will come into force on Wednesday. The US agreed earlier this month that it will ultimately drop these tariffs from imports of these products from the UK, but firms in these sectors are now expected to face the 50% rate until the details on UK-US deal are confirmed.
GMA Network
16 hours ago
- Business
- GMA Network
Philippine manufacturing decelerates in May 2025
The Philippine manufacturing sector posted a deceleration in May to signal a broad stagnation in operating conditions, results of the latest survey conducted by S&P Global released on Monday showed. The headline S&P Global Philippines Manufacturing PMI stood at 50.1 in May, down from 53.0 in April, and close to the 50.0 threshold that separates expansion from contraction. 'The promising growth observed at the beginning of the second quarter signalled a notable cooling in May, according to the latest PMI data,' S&P Global Market Intelligence economist Maryam Baluch said in a commentary. 'While new orders continued to increase, they did so at a slower pace, overshadowed by contractions in other areas. Notably, output, employment, and the inventories of both purchases and finished goods all experienced fresh declines,' she added. S&P attributed the softer growth in input buying activity to the slowdown in new order growth, while manufacturers said it took longer to receive essential materials and supplies during the month. The replenishment of stocks of inputs depleted for the first time in three months. 'The situation was further exacerbated by a deteriorating demand from foreign markets, with May witnessing a sharper drop in new export orders. As global trade tensions escalate, the outlook for overseas demand appears increasingly precarious,' Baluch said. Workforce numbers likewise declined during the month, falling into contraction territory, as job shedding posted its strongest in 11 months due to voluntary resignations and non-replacement of such roles. The limited manpower then trickled into the buildup of backlogs across Philippine manufacturers, with the accumulation rate overall modest. 'On a brighter note, inflationary pressures remain modest and historically subdued, which could play an important role in supporting demand moving forward,' Baluch said. 'The stability of price pressures may also provide a necessary buffer against the challenges posed by a cooldown in new orders and external market uncertainties,' she added. Survey responses were collected in the second half of the month, taking into account responses from purchasing managers in a panel of around 400 manufacturers. The PMI is a weighted average of new orders, output, employment, suppliers' delivery times, and stocks of purchases. The Philippine Statistics Authority (PSA) is scheduled to release official government figures on manufacturing for the month of May on July 8, 2025. — BM, GMA Integrated News
