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The Latest Breaking News from Supply chain

Shanghai Covid Lockdown Threatens New Export Delays

Nearly a third of goods leaving the Port of Shanghai are held up due to a strict lockdown. The delays are set to exacerbate a supply chain crisis that has caused shortages and price rises across the world.

The News Lens

Fast, precise, too tough? Lockdowns risk stalling China’s economy

Strict response to virus buckles supply chains, hits consumers and sends unemployment soaring

The Guardian - UK

Read Why HC Wainwright Cut Price Target For Dentsply Sirona

HC Wainwright has cut the price target for Dentsply Sirona Inc (NASDAQ:XRAY) from $58 to $48 (17% upside), reiterating the Neutral rating. The analysts have adjusted 2022 projections to reflect lower than expected Q1 FY22 earnings. Management noted that the results reflect weaker sales performance in the U.S., global supply chain challenges, and foreign exchange headwinds.…

Benzinga

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Analysts Think Intuitive Surgical Painted 'Cautious Picture' For Procedure Guidance

Wells Fargo writes that despite the beat in Q1, Intuitive Surgical Inc (NASDAQ:ISRG) sounded cautious on U.S. capital placements, given rising interest rates and inflationary pressure at hospitals. "We think this commentary was partly driven by the need to recalibrate Street models for fewer trade-ins as the number of legacy Si systems declines. Overall,…

Benzinga

2 Under-the-Radar Pharmaceutical Stocks to Add to Your Watchlist

Irrespective of worsening supply chain disruptions due to the Russia-Ukraine war, the pharmaceutical industry is expected to witness stable growth given the rising medical needs of an aging population and rapid advancements in the drug development process. So, amid an apparent resurgence of COVID-19 cases, we think it could be…

StockNews.com

DPM meets Japan's Chief Cabinet Secretary and METI

Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy of Thailand, together with Ms. Duangjai Asawachintachit, Secretary General of the Thailand Board of Investment (BOI), called on Mr. Hirokazu Matsuno, Chief Cabinet Secretary of Japan, and Mr. Hagiuda Koichi, Minister of Economy, Trade & Industry of Japan (METI) on…

Bangkok Post

5 Large-Cap Growth Stocks to Sell Now

Concerns over high inflation, supply chain disruptions, and rising COVID-19 cases are expected to keep the stock market volatile for an extended period. While the increased focus on domestic production should help the economy recover, the rate is expected to decelerate. Therefore, large-cap growth stocks Snowflake (SNOW), PayPal (PYPL), DoorDash…

StockNews.com

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Alcoa vs. Aluminum Corp. of China: Which Stock is a Better Buy?

Aluminum prices have been skyrocketing lately due to production cuts from China and worsening supply chain disruptions. The strong demand for this lightweight metal and its high prices should benefit prominent players in this space, Alcoa (AA) and Aluminum Corporation of China (ACH). But which of these stocks is a…

StockNews.com

How E2open Is Riding The Supply Chain Wave, BofA Says

E2open Parent Holdings Inc’s (NYSE: ETWO) shares are likely to re-rate in case SaaS (software as a service) revenue growth continues, according to BofA Securities.

Benzinga

Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

Benzinga

3 Stocks to Avoid as Used Car Prices Skyrocket

Recent supply chain disruptions and geopolitical tensions have negatively affected automobile production and sales, increasing used car prices. This has led Carvana (CVNA), CarMax (KMX), and KAR Auction Services (KAR) to witness a significant slowdown in used-car sales volume. Therefore, we think these stocks are best avoided now. Read on.

StockNews.com

5 Enticing Food Stocks to Sink Your Teeth Into

Food prices have been skyrocketing of late, driven by the Ukraine-Russian war, soaring inflation, supply chain disruptions, and high labor costs. And because food prices are poised to rise further given the volatile macroeconomic backdrop, we think it would be wise to now bet on popular food stocks Tyson Foods…

StockNews.com

MP Materials Begins Construction On Texas Factory; Inks Supply Deal With GM

Mp Materials Corp (NYSE:MP) has signed a definitive supply agreement with General Motor Co (NYSE:GM) to produce alloy and magnets for the automotive giant's EV programs. The financial terms were not disclosed. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors. MP Materials' Texas…

Benzinga

These 5 Hard-Hit Semiconductor Stocks Offer an Attractive Buying Opportunity

Pandemic-led supply chain issues have been a major disruption to the semiconductor industry. However, given the strong demand for semiconductors across industries, the sector demonstrated solid growth last year, and that momentum is expected to continue. Given this backdrop, we think the dip in the price of semiconductor stocks MACOM…

StockNews.com

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The Independent UK

Tesla hits record $3.3bn profit in first quarter but warns factories will run below capacity in 2022

Analsysts say Tesla demand is overshadowing ‘brutal production issues in China as well as a Rubik’s cube supply chain’

Benzinga

Why Are Xerox Shares Plunging Today

Xerox Holdings Corp (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

Benzinga

Pool Corp Q1 Earnings Smashes Estimates Aided By High Demand For Outdoor Living Products

Pool Corp (NASDAQ:POOL) reported first-quarter FY22 sales growth of 33% year-on-year, to $1.41 billion, beating the consensus of $1.27 billion. Revenue growth was supported by strong demand for outdoor living products in addition to elevated price inflation of approximately 10% to 12%. EPS of $4.41 beat the consensus of $3.15. Gross profit increased…

Benzinga

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon.com Inc (NASDAQ:AMZN) launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc (NYSE:UPS), FedEx Corp (NYSE:FDX), and the U.S. Postal Service as being the fastest in the online…

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Axios

Batteries are the new oil and the U.S. needs to catch up

The federal government is taking steps to build a domestic battery industry to reduce reliance on China.

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