Latest news with #SBACommunications
Yahoo
30-04-2025
- Automotive
- Yahoo
S&P 500 Gains and Losses Today: NXP Semiconductors Stock Falls as CEO Plans Departure
The S&P 500 advanced 0.6% on Tuesday, April 29, notching a sixth straight winning session as the White House softened some tariffs on the auto industry. SBA Communications shares gained ground as strength in domestic leasing underpinned solid quarterly sales results for the telecom infrastructure REIT. Shares of NXP Semiconductors fell after the chipmaker said its top executive would step down and signaled tariff-related U.S. equities indexes moved higher Tuesday as President Donald Trump worked to alleviate some of the tariff burden for carmakers. The S&P 500 added 0.6%, securing its sixth consecutive day of gains. The Nasdaq also closed 0.6% higher, while the Dow was up 0.8%. SBA Communications (SBAC), a real estate investment trust (REIT) focused on telecommunications infrastructure, posted better-than-expected first-quarter revenue, boosted by strength in its domestic leasing business. The firm also boosted its full-year outlook and announced a new $1.5 billion share repurchase plan, and several analysts lifted their price target on the stock, highlighting an improving growth outlook. Shares of SBAC advanced 6.8%, gaining the most of any S&P 500 stock on Tuesday. Shares of computational software provider Cadence Design Systems (CDNS) climbed 5.8% following quarterly profit results that exceeded analysts' forecasts. Cadence also lifted its full-year sales and profit guidance, anticipating robust demand from semiconductor firms for its chip design products as the proliferation of artificial intelligence (AI) technologies heats up. However, questions remain about the impact of tariffs on the company's business in China. Zebra Technologies (ZBRA), which makes barcode scanners and other devices designed to help businesses track their inventory, beat top- and bottom-line forecasts with its first-quarter result. Shares of Zebra Technologies were up 5.2% on Tuesday. Sherwin-Williams (SHW) shares jumped 4.8% after the paint and coatings manufacturer topped earnings per share (EPS) estimates for the first quarter of 2025. Although revenue for the period fell short of expectations, pricing strength in the Paint Store Group, gross margin expansion, and successful cost-control measures helped drive profitability. Although NXP Semiconductors (NXPI) edged out first-quarter sales and profit expectations, the company announced that its chief executive officer (CEO) would step down at the end of the year. The provider of chips for the automotive market and other industries also pointed to an uncertain environment given potential tariff impacts. NXP shares dropped 6.9% on Tuesday, suffering the heaviest losses in the S&P 500. Regeneron Pharmaceuticals (REGN) shares also tumbled 6.9% after the biotech firm's quarterly sales fell shy of estimates. Softness in revenue from Eylea, Regeneron's treatment for a variety of eye conditions, underpinned the company's overall sales miss. Insurance brokerage Brown & Brown (BRO) missed expectations for organic revenue growth, and its shares slipped 6.0%. However, the risk management specialist's adjusted profits came in ahead of consensus forecasts, boosted by gains in fees and commissions income. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
12-04-2025
- Business
- Yahoo
Is American Tower Corporation (AMT) Poised For an Outperformance?
Andvari Associates, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter the fund returned 7.2% net of fees compared to the SPDR S&P 500 ETF's 4.3% decline. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first quarter 2025 investor letter, Andvari Associates emphasized stocks such as American Tower Corporation (NYSE:AMT). American Tower Corporation (NYSE:AMT) is a leading independent multitenant communications real estate operator. The one-month return of American Tower Corporation (NYSE:AMT) was -2.04%, and its shares gained 15.30% of their value over the last 52 weeks. On April 10, 2025, American Tower Corporation (NYSE:AMT) stock closed at $208.32 per share with a market capitalization of $97.518 billion. Andvari Associates stated the following regarding American Tower Corporation (NYSE:AMT) in its Q1 2025 investor letter: "Our holdings that have been most sensitive to interest rates remain well-poised for outperformance. Our two cell tower REITs—American Tower Corporation (NYSE:AMT) and SBA Communications—have continued to reduce their debt and leverage ratios. Both have also recently increased their quarterly dividend payments to shareholders. American Tower is most notable in this regard as it paused dividend increases for a year." A wide angled view of a high-rise office building, the windows reflecting a nearby cityscape. American Tower Corporation (NYSE:AMT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 70 hedge fund portfolios held American Tower Corporation (NYSE:AMT) at the end of the fourth quarter compared to 73 in the third quarter. While we acknowledge the potential of American Tower Corporation (NYSE:AMT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered American Tower Corporation (NYSE:AMT) in another article, where we shared the list of best real estate stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
