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DARK SECRETS: 102 | Rare Historical Photos

KFC and UK supermarkets’ chicken ‘hide indigenous rights abuses in Brazil’

Exclusive: Chicken supply chains depend on land from which native people have been forcibly evicted, claims report

The Independent UK

Elon Musk hints Tesla may stop taking orders as supply chain problems bite

Inflation and supply chain issues continue to hit carmakers, with Toyota and Tesla both sounding the alarm.

Evening Standard

IEA: Renewable Energy to Grow to New Record in 2022

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain…

Asharq Al-Awsat

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FDA says it is "doing everything in our power" to improve baby formula supply

The shortage has intensified in recent weeks due to supply chain issues and a devastating recall.

Axios

Dentsply Sirona's Q1 Earnings Miss Street Expectations, Cuts FY22 Guidance

Dentsply Sirona Inc's (NASDAQ:XRAY) Q1 FY22 sales decreased 6.1% Y/Y to $965 million, missing the consensus of $988.43 billion. Adjusted EPS decreased to $0.52 from $0.72 a year ago and missed the consensus of $0.56. "The first quarter was a challenging quarter, and our financial performance and revised outlook reflect the impact…

Benzinga

2 Laser Stocks Wall Street Predicts Will Rally 60% or More

Despite various supply chain constraints and semiconductor shortages, the laser industry is expected to achieve significant growth in 2022, thanks to substantial demand from multiple sectors, including industrial, telecommunications, electronics, automotive, defense, and medical devices. And an increase in technological investments in these sectors should benefit the laser industry. So,…

StockNews.com

Supply Chain Issues May Keep Mercedes-Benz From Meeting Rising EV Demand

Mercedes’ CEO notes these issues “have been like an unwanted experiment” but says the manufacturer will try to get EVs in customers' hands as soon as possible.

InsideEVs

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Bausch Health's Q1 Sales, Profits Fall On Supply Chain Challenges, Cuts FY22 Outlook

Bausch Health Companies Inc (NYSE:BHC) has reported Q1 revenues of $1.92 billion, down 5% Y/Y. Excluding the unfavorable impact of foreign exchange of $41 million and divestitures & discontinuations of $72 million, revenue was flat organically compared to Q1 FY21. Adjusted net income declined to $263 million from $370 million a year…

Benzinga

Scottish PPE supplier invests £4.8m in manufacturing facility

New factory should result in a more resilient supply chain and more jobs in Dumfries

Insider UK

Is Hanesbrands a Good High-Yield Dividend Stock to Invest In?

The iconic apparel brand marketer Hanesbrands Inc. (HBI) posted solid sales and earnings growth in its last reported quarter, led by year-over-year improvement in segmental revenue. In addition, the company declared a regular cash dividend of 0.15. The stock delivers a 4.8% dividend yield currently. But is it worth adding…

StockNews.com

Li Auto Q1 Earnings Smashes Estimates

Li Auto Inc (NASDAQ:LI) reported first-quarter FY22 revenue growth of 167.5% year-on-year to RMB9.56 billion ($1.51 billion), beating the consensus of $1.44 billion. Non-GAAP earnings per ADS attributable to ordinary shareholders were RMB0.47 or $0.07, above the consensus of $(0.10). Deliveries of Li ONEs jumped 152.1% Y/Y to 31,716 vehicles. Vehicle margin rose 550…

Benzinga

Sony hit by Playstation 5 parts shortage

Sony has been forced to slash its sales target for Playstation 5 consoles this year due to part shortages and supply chain woes.

Evening Standard

2 Industrial Goods Stocks to Avoid After Cutting Guidance

Amid a deepening supply chain crisis owing to the war between Russia and Ukraine, reinstated lockdown measures in China, and heightened inflationary pressures, the industrial sector is expected to remain under immense pressure in the coming months. Given their bleak growth prospects, we think one should consider avoiding fundamentally weak…

StockNews.com

KeyBanc Remains Upbeat On Auto-Based Companies Like Microchip, Indie; Shares View On Semiconductor Stocks

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

Benzinga

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Benzinga

Why Johnson Outdoors Shares Are Plunging Today

Johnson Outdoors Inc (NASDAQ:JOUT) reported a second-quarter FY22 sales decline of 8% year-on-year to $189.62 million, missing the consensus of $202.32 million. EPS of $0.97 missed the analyst consensus of $1.85. The gross margin contracted 903 basis points Y/Y to 36.2%, primarily due to increased materials and inbound freight costs driven by supply…

StockNews.com

2 Copper Stocks to Consider Buying on the Dip

With continuing production and supply chain hurdles, the copper shortage has become worldwide. However, demand for copper across several industries continues to be strong. Thus, amid surging copper price estimates, we think it could be wise to bet on the stocks of quality copper companies Southern Copper (SCCO) and Freeport-McMoRan…

Benzinga

Biting Back: Will FAANG Favorites Recapture their Form on Wall Street in Q3 2022?

Despite having an extraordinary track record on Wall Street, 2022 has been a testing year for FAANG stocks. Having taken a battering from tech stock sell-offs in the wake of record-breaking inflation and supply chain issues arising from the Covid-19 pandemic, leading growth stocks have struggled to recapture the form…

Benzinga

Why Energizer Shares Are Gaining Today

Energizer Holdings Inc (NYSE:ENR) reported second-quarter FY22 sales of $685.4 million, beating the consensus of $655.38 million. The gross margin for the quarter contracted 470 basis points to 34.8%. Selling, general and administrative expenses were nearly flat at $123.4 million. The company held $213.2 million in cash and equivalents as of March 31,…

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news in one place.

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Benzinga

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Benzinga

Why Party City Holdco Shares Are Trading Lower Today

Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…

Benzinga

Defense Companies Experience Supply Issues As Demand For US Weaponry Surges: FT

Northrop Grumman Corporation (NYSE: NOC) CEO Kathy Warden gave both good and bad news: the aerospace company anticipates increased demand for its weapons systems, but supply chain issues may hinder efforts to increase output,

The Independent UK

Contract talks near for thousands of West Coast dockworkers

Contract negotiations between 22,000 workers at 29 West Coast ports and representatives of shipping companies will begin next week with automation and its impact on jobs emerging as a major point of contention amid supply chain issues

Bangkok Post

Bourse dips 1.6% in April, foreign fund inflows increase

The Thai stock market slid 1.6% in April from the previous month, in line with other bourses in the region, but still recorded growth in foreign fund inflows despite global supply chain issues.

StockNews.com

Buy The Dip: 4 Mega-Cap Stocks Wall Street Predicts Will Rally 28% - 58%

Concerns over historically high inflation, the Fed's aggressive interest rate increases, deepening supply chain issues due to rising COVID-19 cases worldwide, and the Russia-Ukraine war drove a broad sell-off in U.S. stocks last month. However, the market sell-off has created opportunities to buy high-quality mega-cap stocks at bargain prices. Thus,…

Benzinga

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

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