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Yahoo
01-07-2025
- Business
- Yahoo
Decline in Cosmetic Sales Affected Coty (COTY) in Q1
Hardman Johnston Global Advisors, an investment management company, released its 'Hardman Johnston Global Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned 0.43%, net of fees, in the quarter compared to -1.32% for the MSCI AC World Net Index. The Portfolio experienced a solid quarter relative to the market, despite a volatile environment. Industrials and Consumer Discretionary were the top sector contributors, while Information Technology and Energy detracted. Europe was the top contributor from a regional standpoint, while emerging markets detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as Coty Inc. (NYSE:COTY). Coty Inc. (NYSE:COTY) is a beauty company that engages in the manufacturing, marketing, and distribution of beauty products. The one-month return of Coty Inc. (NYSE:COTY) was -6.44%, and its shares lost 52.36% of their value over the last 52 weeks. On June 30, 2025, Coty Inc. (NYSE:COTY) stock closed at $4.65 per share, with a market capitalization of $4.056 billion. Hardman Johnston Global Equity Strategy stated the following regarding Coty Inc. (NYSE:COTY) in its Q1 2025 investor letter: "Coty Inc. (NYSE:COTY) has been impacted by the overall slowdown in cosmetic sales. They issued a sales warning in September, followed by a downward adjustment of mid-term targets in February. While Coty's products are selling well, retailer hesitancy to re-order and questions about consumers appetite have hit the stock. We used a period of relative strength to liquidate our position." A close-up of a woman's face wearing a beauty product, highlighting the company's range of luxury items. Coty Inc. (NYSE:COTY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Coty Inc. (NYSE:COTY) at the end of the first quarter, which was 28 in the previous quarter. While we acknowledge the potential of Coty Inc. (NYSE:COTY) 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 undervalued AI stock set for massive gains. In another article, we covered Coty Inc. (NYSE:COTY) and shared the list of best value penny stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-06-2025
- Business
- Yahoo
Fastenal's Quarterly Earnings Preview: What You Need to Know
Headquartered in Winona, Minnesota, Fastenal Company (FAST) is a prominent distributor of industrial and construction supplies, primarily catering to the manufacturing, construction, and maintenance sectors. With a market capitalization of $47.2 billion, the company provides a comprehensive portfolio of products, including fasteners, safety gear, tools, and electrical components, alongside value-added inventory management services. Fastenal is scheduled to release its second-quarter earnings before the market opens on Monday, July 14. Ahead of the event, analysts expect FAST to report a profit of $0.28 per share on a diluted basis, up 12% from $0.25 per share in the same quarter last year. The company has matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the current year, analysts expect FAST to report EPS of $1.09, up 9% from $1 in fiscal 2024. Looking ahead, analysts expect its EPS to rise 9.2% annually to $1.19 in fiscal 2026. Over the past year, FAST has surged 30.3%, outperforming the S&P 500's ($SPX) 12.1% gains and the S&P 500 Industrial Sector SPDR's (XLI) 19.4% gains over the same time frame. On Apr. 11, Fastenal shares climbed 6.4% after the company reported its Q1 2025 results, with revenue reaching nearly $2 billion, slightly surpassing analyst estimates. Earnings stood at $0.52 per share, matching Wall Street expectations, supported by sustained momentum in large-scale, high-value contracts. Analysts' consensus opinion on FAST stock is cautious, with an overall 'Hold' rating. Out of 14 analysts covering the stock, three advise a 'Strong Buy' rating, ten give a 'Hold' rating, and one recommends a 'Strong Sell.' While FAST currently trades above its mean price target of $40.65, its Street-high target of $45 represents a potential upside of 9% from the current market prices. On the date of publication, Kritika Sarmah 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
Globe and Mail
17-06-2025
- Business
- Globe and Mail
54% of Nvidia's Q1 Revenue Came From 4 Mystery Customers -- Who Could They Be?
Most artificial intelligence (AI) models are trained and then deployed in data centers, which are filled with thousands of specialized chips called graphics processing units (GPUs). Most AI developers don't have the financial resources to build that infrastructure themselves, but they can rent it from a handful of technology giants that operate hundreds of centralized data centers all over the world. Those tech giants typically buy most of their GPUs from Nvidia (NASDAQ: NVDA), which supplies the best AI hardware in the industry. The chipmaker continues to experience more demand than it can fill, which is driving a surge in its revenue and earnings. In fact, Nvidia has added a staggering $3 trillion to its market capitalization since the beginning of 2023, and it's now the second most valuable company in the world. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » However, the fact that only a handful of companies can afford to build the best AI infrastructure isn't a good thing for Nvidia. During the fiscal 2026 first quarter (ended April 27), more than half of the company's total revenue came from just four unnamed customers, which means a pullback in AI infrastructure spending from any one of them could threaten the chip giant's incredible run of growth. Let's take a look at who those top customers might be, so we can assess the sustainability of Nvidia's data center business. Nvidia's revenue is highly concentrated Nvidia generated $44.1 billion in total revenue during the fiscal 2026 first quarter. The data center segment was responsible for $39.1 billion of that figure, so AI GPUs are now the company's most important product by far. While Nvidia doesn't disclose who its customers are, it does report some data on the concentration of its revenue base. During the first quarter, just four mystery customers alone accounted for 54% of the company's $44.1 billion in sales: Customer Proportion of Nvidia's Q1 Revenue Customer A 16% Customer B 14% Customer C 13% Customer D 11% Data source: Nvidia. That means Customer A spent around $7 billion with Nvidia during the first quarter, and there are only a handful of companies in the world with enough financial resources to keep that up. As I mentioned earlier, this creates a risk for Nvidia because if Customer A were to reduce its capital expenditures, it would be very hard for the chipmaker to replace that revenue. Who are Nvidia's mystery customers? It's impossible to identify Nvidia's top customers with certainty, but we can make some pretty reasonable assumptions based on public forecasts issued by some of the world's biggest tech companies: Amazon (NASDAQ: AMZN) said it will spend around $105 billion on AI data center infrastructure this calendar year. Microsoft (NASDAQ: MSFT) said it is on track to spend over $80 billion on AI infrastructure during its fiscal year 2025 (which ends on June 30). Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) plans to spend $75 billion on AI infrastructure this calendar year. Meta Platforms (NASDAQ: META) says it will spend up to $72 billion to fuel its AI ambitions this year (a figure it recently increased from $65 billion). Several other AI companies have smaller -- but not insignificant -- capital investments in the pipeline. Oracle, for example, recently told investors it will increase its data center spending to over $25 billion during its fiscal year 2026 (which just began on June 1). Then there are top AI start-ups like OpenAI, Anthropic, and Elon Musk's xAI, which also have very deep pockets. While all of the above companies are developing AI for their own purposes, Amazon, Microsoft, and Alphabet are also three of the world's largest providers of cloud services. In other words, they build the centralized data centers I mentioned earlier, which they rent to AI developers for a profit. A potential $1 trillion annual opportunity Despite the exorbitant amount of AI infrastructure spending on the table this year, Nvidia CEO Jensen Huang thinks this is just the beginning. He predicts capital expenditures could top $1 trillion per year by 2028, because every new generation of AI models requires more computing capacity than the last. For example, Huang says some of the newest "reasoning" models consume up to 1,000 times more computing capacity than their predecessors. These models spend time "thinking" in the background before rendering responses, ensuring they produce more accurate information than traditional large language models (LLMs), which generate fast, one-shot responses. Nvidia's Blackwell and Blackwell Ultra GPU architectures were designed to meet the growing demand for inference capacity from reasoning models, which is why chips like the GB200 and GB300 are the most sought-after in the world. If Huang is right about the trajectory of AI infrastructure spending, then the risks associated with Nvidia's highly concentrated revenue probably won't materialize for at least a few more years. Since Nvidia stock is trading at a relatively attractive valuation right now, those potential risks probably shouldn't keep investors from buying it right now. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia 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 $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor 's total average return is988% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Bloomberg
17-06-2025
- Business
- Bloomberg
Tourism Dip Fuels Worst Stock Drop in Asia at Thai Airport Firm
Markets By Save Thailand's post-Covid flood of tourists has turned into more of a trickle, adding to concerns for Airports of Thailand Pcl as it grapples with shrinking duty-free sales without a full-time chief executive officer. Its shares have more than halved in 2025, notching the steepest loss among any of the world's airport operators worth at least $100 million, according to data compiled by Bloomberg. The tumble wiped out about 460.7 billion baht ($14.2 billion) of AOT's market capitalization and made the stock the biggest loser on the MSCI Asia Pacific Index.
