Source news

zacks News

20 stories
zacks

Citigroup Bets Big on AI to Drive Efficiency & Long-Term Growth

Citigroup, Inc. C is increasingly using artificial intelligence (AI) to improve operating efficiency, while investing in long-term growth. Its strategy reflects a broader industry trend in which leading banks are adopting AI, automation and digital tools to reduce costs, boost productivity and enha…

Zacks en
StocksUS
zacks

Here's Why Shares of Eli Lilly Hit an All-Time High on Friday

Shares of Eli Lilly LLY rose more than 7% on Friday after the company announced several positive developments related to its marketed products.An EMA advisory committee recommended approving the company’s filing seeking label expansion for the oncology drug Jaypirca (pirtobrutinib) to treat adults…

Zacks en
StocksUS
zacks

ELF Beauty Taps Skincare and Global Expansion as Growth Shifts Higher

e.l.f. Beauty, Inc. ELF is moving into a new phase as skincare and international distribution become larger parts of its growth profile.The company still depends on value-led cosmetics, but investors are watching whether Rhode, Naturium and e.l.f. SKIN can extend the runway.ELF Is Riding the Skinca…

Zacks en
StocksDEGBUS
zacks

Is ELF Stock a Buy at 19 Times Earnings With Growth in Transition

e.l.f. Beauty, Inc. ELF has pulled back sharply, but the stock is not being valued like a no-growth story. ELF trades at 19.3X forward 12-month earnings while management still projects fiscal 2027 sales growth of 12%-14%.That leaves investors weighing a cheaper multiple against a business in transi…

Zacks en
StocksUS
zacks

How Abbott's Largest Segment Is Preparing for the Next Growth Phase

Abbott ABT generates the largest share of its revenues from the Medical Devices unit. Sales in 2025 reached $21.39 billion, up 11.9% from the prior-year levels. That strength continued into the first quarter of 2026, with revenues rising 8.5% on a comparable basis, led by the strong performance of…

Zacks en
StocksUS
zacks

ELF Stock Outlook Hinges on Rhode Growth and Core Brand Reset in 2027

e.l.f. Beauty, Inc. ELF enters fiscal 2027 with a wider platform but a more complicated investment setup.Rhode, Naturium, e.l.f. SKIN and international expansion give the company more growth levers. The key question is whether those levers can offset slower momentum in the flagship e.l.f. brand.ELF…

Zacks en
StocksUS
zacks

General Mills Q4 Earnings Coming Up: What Should Investors Expect?

General Mills, Inc. GIS is likely to witness top and bottom-line growth when it reports fourth-quarter fiscal 2026 earnings on July 1. The Zacks Consensus Estimate for revenues is pegged at $4.6 billion, indicating an increase of nearly 1% from the prior-year quarter’s reported figure.The consensus…

Zacks en
StocksUS
zacks

HNNMY Q2 Earnings Call Highlights Margin Gains & Sales Gap

H & M Hennes & Mauritz AB HNNMY used its second-quarter 2026 earnings call to press a familiar point with investors: profitability is improving, but the sales recovery remains incomplete. Management framed the quarter as one of stronger discipline, better inventory productivity and sharper executio…

Zacks en
StocksSE
zacks

How Is Archer Aviation Advancing Toward Aircraft Certification?

Archer Aviation Inc. ACHR continues making progress toward aircraft certification, a critical milestone in its path to commercial operations. The company is working closely with regulators to complete certification activities for its Midnight aircraft while continuing flight testing, system validat…

Zacks en
StocksUS
zacks

Why Beauty Remains One of Target's Strongest Growth Engines

Beauty remains one of Target Corporation’s TGT most dependable growth categories, fueled by fresh merchandise innovation and an elevated shopping experience. During the first quarter of fiscal 2026, net sales for the category climbed 9.6% year over year to $3,398 million. Management described beaut…

Zacks en
StocksUS
zacks

Natural Gas Hits a 20-Week High as LNG and Heat Lift Prices

Natural gas prices have climbed to a 19- to 20-week high as stronger liquefied natural gas (“LNG”) export flows and a hotter near-term weather outlook improve demand expectations. The move puts summer power demand, storage trends and export activity back at the center of the market narrative.For no…

Zacks en
Futures
zacks

JPMorgan Leadership Changes Could Shape its Next Growth Chapter

JPMorgan’s JPM latest leadership reshuffle will likely shape the bank’s next phase of growth. The company has promoted Doug Petno and Troy Rohrbaugh as co-presidents, giving both executives direct oversight of its two largest businesses. Petno will become the sole CEO of the Commercial & Investment…

Zacks en
StocksUS
zacks

Reliance Stock Rises 34% YTD: Will the Momentum Continue?

Reliance, Inc.’s RS shares have rallied 33.5% year to date. The company has also outperformed the Zacks Mining - Miscellaneous industry’s 14.7% growth over the same time frame. The rally was driven by strong first-quarter results, including record quarterly tons sold, with shipments outperforming i…

Zacks en
StocksUS
zacks

SpaceX Stock Pulls Back After IPO Gains - What's Behind the Dip?

Founded by Elon Musk in 2002, Space Exploration Technologies Corp., or SpaceX, debuted on the Nasdaq under the ticker SPCX on June 12, in a historic initial public offering (IPO). Headquartered at the Starbase development site in Starbase, TX, the rocket, satellite and AI company raised $75 billion…

Zacks en
StocksUS

OKLO or NNE: Which Nuclear Name Deserves Your Attention?

Nuclear energy is back in the investor conversation because electricity demand is no longer a slow-growth story. AI data centers, reshoring, electrification and grid reliability needs are pushing the market toward dependable, carbon-free baseload power. That puts advanced nuclear developers like Ok…

Zacks en
StocksUS