Street

I visited UK’s most controversial seaside town where locals brand the high street a ‘dump’

The English Riviera is a 22-mile stretch of the South Devon coast with Torquay at its northern end. It’s sometimes compared to the French Riviera, but it’s a very different place

Stand on the promenade of this legendary seaside resort when the weather’s pleasant, and you could easily mistake yourself for being somewhere on the Mediterranean rather than in Britain. Lines of palm trees flutter in the wind, waves gently wash onto an expansive sandy shore and gleaming art-deco structures perch on the hillside overhead.

Take a closer look, though, and there are telltale signs you’re actually on the English coast rather than somewhere along the French Riviera. Reach reporter Milo Boyd is pretty sure traditional fish and chip outlets, seaside souvenir shops and penny arcade machines aren’t common sights along the Côte d’Azur.

And whilst a typical July afternoon in this Devon resort of 50,000 residents reaches around 20C with some cloud cover, the French Riviera basks in 29C temperatures with glorious sunshine and clear blue skies.

Parallels drawn between the Devon shoreline and the glamorous French destination date back to Victorian times, when tourists likened the mild microclimate and stunning landscape of Torbay – a 22-mile section of the South Devon coast with Torquay at its northern tip – to the 186 miles of the original Riviera.

Whilst the French Riviera sometimes faces criticism for being overly warm, rather posh, and costly, Torquay regularly receives brutal assessments of an entirely different nature.

Actually, it appears to attract an unfair share of criticism, reports Devon Live.

Last year, a Which? survey declared Torquay as Brits’ most disliked seaside destination, whilst The Telegraph ranked it as their 13th most disappointing coastal location.

Even one of Milo’s taxi drivers couldn’t resist having a dig, branding the high street as a “dump”. The decision-making process of these competition judges is a mystery to him, and their lack of taste in coastal spots is evident.

After a weekend getaway in Torbay, Milo was captivated and intrigued by Torquay, a seaside town unlike any other he has encountered in the UK.

Food and drink in Torquay

One of the town’s most appealing and tasty features is its food. Sure, you can find the traditional cod and chips every 10m along the seafront as you would in most UK seaside towns, but Torquay has much more to offer.

Milo had the good fortune to get a quick tour of the town’s food scene through an invitation to the 7 Chefs event on 4 October. Over seven hours, guests are treated to seven different seafood dishes, each crafted by a different chef and served in a different independent restaurant.

This annual event is highly sought after, making stops at the Michelin-starred Elephant for some braised octopus, the sibling-run Ollie’s for a generous lobster thermidor, delicately prepared oysters at No. 7 Fish Bistro and Offshore for its unique take on mussels with katsu.

If you fancy indulging in top-quality seafood and British-produced wines, then this event is perfect for you.

It might only happen once annually and set you back £120, but you’ll require a solid 364 days to recover after tackling diver-caught scallops at The Yacht, a generous helping of fish and chips at Pier Point, and cheese with far too much port at Twenty1 Lounge.

“Lightweight,” one of my fellow foodie companions shouted after me as he ordered another couple of reds for good measure, whilst Milo hauled his aching frame into a taxi.

The event also runs in Brixham on the opposite side of the bay.

The vibrant, boutique village houses one of England’s largest fishing markets and restaurants, including Olive, The Prince William, and The Mermaid, where many of the 40 fish and shellfish varieties landed here are consumed.

‘The Queen of the English Riviera’

Torquay is often dubbed ‘the Queen of the English Riviera’, and rightfully so.

On a bright day, the magnificent art deco properties crown the hillside overlooking the bay, sparkling in the sunlight like gems in a tiara.

Torbay lies just beyond the western tip of the Jurassic Coast and comprises Devonian limestones intersected with red ochre deposits.

These form a intricate landscape featuring elements like the wave-carved Berry Head platform and natural caves. On a Sunday afternoon, Milo was given a tour by Nigel Smallbones, the ranger at Berry Head Nature Reserve for 27 years.

He showed Milo the roosting spot of a 1,600-strong guillemot colony, the cave system where his son monitors the 56 resident horseshoe bats, and explained how rock enthusiasts travel from as far as China to appreciate the geology.

A short half-hour drive around the bay led me to Kents Cavern – a prehistoric cave system unearthed by some tough Victorians. It’s an awe-inspiring place that continues to yield significant scientific discoveries, including the jawbone of a Neolithic girl likely devoured by cave hyenas, and a colossal bear skull.

If exploring a cavern filled with stalagmites and stalactites isn’t your cup of tea, just up the road lies a piece of British comedy history – the hotel that inspired John Cleese’s Fawlty Towers. Perhaps due to its somewhat infamous association, the hotel has since been replaced by a block of flats and a commemorative blue plaque.

One stark difference between the Rivieras is their approach to drinking. Milo was genuinely taken aback and impressed by the amount his fellow restaurant-goers consumed, and how some managed to stomach a full English breakfast on a sunrise boat trip the next morning.

Such passion and resilience would be hard to find on the French Riviera.

Locals he spoke with admitted that Torquay’s nightlife isn’t what it used to be, with several mourning the loss of two clubs that once offered unlimited drinks for under a tenner.

Nevertheless, the party atmosphere endures through the 1,200-capacity Arena Torquay, which is hosting an Ibiza throwback evening next week, alongside a string of bars along the quayside.

With roaming packs of stag and hen parties, some donning lederhosen in honour of Oktoberfest, Torquay remains regarded as a cracking spot for a night out.

Devon’s temperate climate and breezy conditions mean its flourishing vineyard industry creates light, refreshing wines that complement seafood perfectly – a fortunate match.

Torquay also boasts several gin distilleries.

Laurance Traverso, director of the Coastal Distillery Co, served me a delightful G&T from his waterside headquarters.

So what’s behind the animosity?

There’s undoubtedly a segment of the British public that simply doesn’t rate Torquay.

If you rock up for a family break and have the bad luck of being drenched for seven days straight, Milo can see their point.

Some townsfolk have grown fed up with the high street and how districts beyond the seafront and tourist hotspots have deteriorated.

Local Sophie Ellis-Marsden revealed: “I avoid that end of town. I don’t have much nice to say, to be honest. The waterfront is lovely, and that’s the only thing that is.

“It’s nice, don’t get me wrong, I moved here from Milton Keynes for the sea, but it needs more work. More shops just seem to be shutting down. Everything’s gone, and I don’t really know why.”

The local authority appears determined to tackle these problems head-on.

Significant investment has already been made, with much more planned for the future.

The Strand at the harbourside has been transformed into a piazza-style promenade, featuring expanded pedestrian zones for dining and seating, plus improved public transport connections.

A former Debenhams department store is earmarked for demolition, to be replaced with new homes, cafés, restaurants, and an upmarket hotel.

Additional proposals are in the works for the town centre, along with further development at The Strand, which the council estimated would create approximately 80 full-time jobs, £32 million in wages, and attract 86,000 new visitors over a 30-year period.

The total cost of the scheme is reported to be £70 million.

Source link

Nvidia Stock Is Up 43% in 2025, but Here’s Another Super Semiconductor Stock to Buy in 2026, According to Certain Wall Street Analysts

Investors should look beyond Nvidia and consider semiconductor stocks that combine strong AI fundamentals and reasonable valuation.

The artificial intelligence (AI) revolution is transforming every corner of the global economy. Nvidia, the company at the center of this revolution, continues to be a Wall Street favorite for all the right reasons. As an undisputed leader in accelerated computing, the company’s hardware and software power much of the world’s AI infrastructure buildout.

Shares of Nvidia have already surged over 43% so far in 2025. However, despite the massive demand for its Blackwell architecture systems, software stack, and networking solutions, the stock may grow quite modestly in future months. With its market capitalization now exceeding $4.6 trillion and shares trading at a premium valuation of nearly 30 times forward earnings, much of the optimism is already priced in.

Memory giant Micron (MU 6.12%), on the other hand, is still in the early stages of its AI-powered growth story. Shares of the company have surged nearly 128% in 2025, which highlights the increasing investor confidence in its high-bandwidth memory and data center portfolio. Yet, Micron could still offer investors higher returns in 2026, while riding the same AI wave. Here’s why.

Analyst studying stock charts on laptop and desktop monitor, while checking a smartphone and holding an infant on lap.

Image source: Getty Images.

Lower customer concentration risk

Wall Street has been highlighting one significant underappreciated risk for Nvidia. Nvidia’s revenues depend heavily on a few hyperscaler customers, with two accounting for 39% and four accounting for 46% of its revenues in the second quarter of fiscal 2026 (ending July 27, 2026). Many of these hyperscaler clients are developing proprietary chips, which may offer a price-performance optimization in their specific workloads. This may reduce their dependence on Nvidia’s chips in future years.

Micron’s revenue base is significantly more diversified than Nvidia’s. The company’s largest customer accounted for 17% of total revenue, while the next largest contributed 10% in fiscal 2025 (ending Aug. 28, 2025). The company has earned over half of its total revenues from the top 10 customers for the past three years. The company has a reasonably broad customer base, including data center, mobile, PC, automotive, and industrial markets.

Hence, compared with Nvidia, Micron’s lower concentration risk makes it more resilient in the current economy.

HBM demand and AI memory leadership

Micron’s high-bandwidth memory (HBM) products, known for their superior data transfer speeds and energy efficiency, are being increasingly used in data centers. HBM revenues reached nearly $2 billion in the fourth quarter of fiscal 2025, translating into $8 billion annualized run rate.

Management expects Micron’s HBM market share to match its overall DRAM share by the third quarter of fiscal 2025. The company now caters to six HBM customers and has entered into pricing agreements covering most of the 2026 supply of HBM third-generation extended (HBM3E) products.

Micron has also started sampling HBM fourth-generation (HBM4) products to customers. The company expects the first production shipment of HBM4 in the second quarter of calendar year 2026 and a broader ramp later that year.

Beyond HBM, Micron’s Low-Power Double Data Rate (LPDDR) memory products are also seeing strong demand in data centers. The data center business has emerged as a key growth engine, accounting for 56% of Micron’s total sales in fiscal 2025.

Hence, Micron seems well-positioned to capture a significant share of the AI-powered memory demand in the coming years.

Valuation

Micron appears to offer a stronger risk-reward proposition than Nvidia, even in the backdrop of accelerated AI infrastructure spending. The company currently trades at 12.3 times forward earnings, significantly lower than Nvidia’s valuation. Hence, while Nvidia’s premium valuation already assumes near-perfect execution and continued dominance, Micron still trades like a cyclical memory stock. This disconnect leaves room for modest valuation expansion to account for Micron’s improving revenue mix toward high-margin AI memory products.

Wall Street sentiment is also increasingly positive for Micron. Morgan Stanley’s Joseph Moore recently upgraded the stock from equal-weight or neutral to overweight and raised the target price from $160 to $220. UBS has reiterated its “Buy” rating and increased the target price from $195 to $225. Itau Unibanco analyst has initiated coverage for Micron with a “Buy” rating and target price of $249.

Analysts expect Micron’s earnings per share to grow year over year by nearly 100% to $16.6 in fiscal 2026. If the current valuation multiple holds, Micron’s share price could be around $204 (up 6% from the last closing price as of Oct. 9), with limited downside potential. But if the multiple expands modestly in the range of 14 to 16 times forward earnings, shares could fall in the range of $232 to $265, offering upside of 20% to 37.8%.

On the other hand, there remains a higher probability of valuation compression for Nvidia, leaving less room for growth. With diversified customers, increasing AI exposure, and reasonable valuation, Micron may prove to be the better semiconductor pick in 2026.

Source link

Beutner announces run for mayor, vows to fight ‘injustices’ under Trump

Former L.A. schools Supt. Austin Beutner kicked off his campaign for mayor on Monday with a video launch that hits not just Mayor Karen Bass but President Trump and his immigration crackdown.

Beutner, a philanthropist and former investment banker, uses the four-minute campaign video to describe L.A. as a city that is “under attack” — a message punctuated by footage of U.S. Border Patrol agents.

“I’ll never accept the Trump administration’s assault on our values and our neighbors,” says Beutner, a Democrat, as he stands on a tree-lined residential street. “Targeting people solely based on the color of their skin is unacceptable and un-American.”

“I’ll counter these injustices and work to keep every person safe and build a better Los Angeles,” he adds.

The White House did not immediately respond to an inquiry from The Times about Beutner’s video.

The video opens by describing a major biking accident that upended Beutner’s life about 17 years ago, leading him to enter public service and “take a different path.” Not long after, he became Mayor Antonio Villaraigosa’s “jobs czar,” taking on the elevated title of first deputy mayor and striking business deals on the mayor’s behalf.

The video casts Beutner, 65, as a pragmatic problem solver, focusing on his nonprofit Vision to Learn, which provides eye exams and glasses to children in low-income communities. It also highlights his work shepherding L.A. Unified through the COVID-19 pandemic and working to pass Proposition 28, the 2022 measure supporting arts education in California public schools.

Beutner, on his video, also turns his aim at City Hall, high housing costs, rising parking meter rates and a big increase in trash pickup fees for homeowners and smaller apartment buildings. Calling L.A. a city that is “adrift,” Beutner criticized the mayor’s push to reduce homelessness — one of her signature initiatives.

“The city spent billions to solve problems that have just become bigger problems,” Beutner says.

Bass campaign spokesperson Douglas Herman pushed back on the criticism, saying the city needs to “move past divisive attacks.” He said violent crime is down across the city, with homicides falling to their lowest levels in 60 years.

“When Karen Bass ran for mayor, homelessness and public safety were the top concerns of Angelenos. And she has delivered in a big way,” he said in a statement. “Today, homelessness has decreased two consecutive years for the first time in Los Angeles. Thousands of people have been moved off our streets and into housing.”

“There’s more work ahead, but this administration has proven it can deliver,” Herman added. “Mayor Bass is committed to building on this historic momentum in her second term.”

Beutner’s video posted two days after he confirmed that he’s planning to run for mayor, leveling blistering criticism at the city’s preparation for, and response to, the Palisades fire, which destroyed thousands of homes and left 12 people dead.

Beutner’s criticism of Trump’s immigration crackdown in many ways echoes the messages delivered by Bass several months ago, when federal agents were seizing street vendors, day laborers and other workers in L.A.

In June, Bass said the Trump administration was waging an “all-out assault on Los Angeles,” with federal agents “randomly grabbing people” off the street, “chasing Angelenos through parking lots” and arresting immigrants who showed up at court for annual check-ins. Her approach to the issue helped her regain her political footing after she had faltered in the wake of the Palisades fire.

In early September, the Supreme Court ruled in favor of the Trump administration, agreeing that immigration agents can stop and detain individuals they suspect may be in the U.S. illegally merely for speaking Spanish or having brown skin.

The high court ruling set aside a Los Angeles judge’s temporary restraining order that barred agents from stopping people based in part on their race or apparent ethnicity.

Source link

Four characters need to be killed off in Emmerdale and Coronation Street crossover – here’s who

IT is set to be one of the most momentous occasions in soap history.

For the first time ever, ITV‘s landmark shows will be combining for an epic hour of soap drama that is being teased as changing the course of both programmes forever.

Collage of the fictional "Rovers Return Inn" from Coronation Street and "The Woolpack" from Emmerdale.

6

A soap crossover is coming with multiple deaths expected to hitCredit: Not known, clear with picture desk
A person holding a clapperboard for a joint "Corriedale" episode of Emmerdale and Coronation Street, showing "Scene 1, Slate 1, Take 1".

6

This is who I think should be killed off in CorriedaleCredit: ITV

This January, Coronation Street and Emmerdale will join forces for the aptly titled Corriedale to herald the stars of the new ‘soap power hour’.

It’s a clever, bold and HUGE move by ITV with both programmes having faced mass cast axings, job cuts, dwindling ratings and general backlash from fans over the past few years.

It is hoped by executives that the special show will help to revitalise both shows and kickstart a new era for the programmes – as well as being a clever way to conceal the fact they’ve both lost 30 minutes of screen-time a week.

From next year, both shows will air for just 30 minutes per night – the equivalent of five episodes per week unlike the current six.

But with the epic stunt set to take place, which is currently being filmed on long night shoots and being kept tightly under wraps, there promises to be the deaths of fan-favourite characters from both programmes.

Being such a historic moment in TV means that it should come with an utterly unforgettable death that will go down in the soap history books.

With only one chance to get it right, here is who I think ITV should kill off now.

Eric Pollard

Chris Chittell as Eric Pollard in Emmerdale.

6

Time is up for Eric in the DalesCredit: ITV

Yes, you read that right.

Emmerdale bosses need to make an impact and as such, they should volunteer their longest-serving character ever as a sacrifice.

Not only would killing Eric off be the biggest unexpected twist that would have people gasping up and down the country, it would lay the foundations for the village to truly be changed forever.

Having been portrayed by Chris Chittell since 1986, he has become part of the foundation in the Dales.

But as an avid viewer, it hasn’t gone unnoticed that he has fallen into a rather bumbling repeated pattern of storyline in recent years.

Fans often see Eric disappear from screens for a number of weeks before popping back up to have a new brief crisis.

It quickly results in him snapping at anyone in sight and becoming public enemy number one with his grumpy old man act.

But just as quickly as the crisis arises, he soon realises the error of his ways and makes peace with his family and friends in true story-telling fashion.

Frankly, we’ve seen it multiple times and we really don’t need to see it again.

If bosses aren’t planning on placing Eric in a new mass murder plot or turn him into the Dales’ next gangster, I fear his potential plots have naturally come to an end.

Be brave Emmerdale and let go of your longest player if you truly want a memorable moment.

April Windsor

April Windsor looks uncomfortable as Ray's client Tim accepts cocaine and offers her vodka.

6

Axing April Windsor might be the best decision all roundCredit: ITV

The other character I think Dales bosses should be offering up to meet their maker in the crossover could not be more opposite to Eric.

If they don’t make their big death the village OAP then yes, a wayward teen schoolgirl is the next best way to go.

Played by Amelia Flanagan, April has been one of Emmerdale’s biggest success stories in terms of transition from very young child performer to a teen actress who is able to hold her own when it comes to lengthy and gritty storylines.

However, her transition from wise-beyond-her-years 10-year-old to a reckless and easily-influenced 15-year-old has never sat right.

Over the past 12 months, goody-two-shoes April has become soap’s most troubled teen ever out of nowhere.

She went missing for months, became homeless, began underage drinking, went through a heartbreaking teen stillbirth whilst living on the streets and has now found herself a drug mule in a shocking county lines storyline.

I can’t help but think this unexpected character development could be for one bigger reason.

Having faced many brushes with death over her chaotic year, the soap stunt could be the perfect time to portray a real story of a teen tragedy.

Seeing a teenager killed off would have the shock factor to last years if done correctly.

April meeting a tragic end also allows for the soap to delve into family heartache and tragedy following her potential passing.

MY EMMERDALE VERDICT: Emmerdale needs to go to the extremes and for me, it’s either the show’s oldest character or on the flip-side, one of their youngest.

Sean Tully

Sean Tully, played by Antony Cotton, wearing a teal sweater with an orange and pink sunburst pattern.

6

Sean Tully has certainly overstayed his welcomeCredit: ITV

When it comes to who Corrie could offer up for their soap death, the first person that comes to mind (and, let’s be honest, most fans’) would be Sean Tully.

How Sean has scraped through 22 years on the Street boggles the mind.

As both a TV journalist and viewer of the programme, I am yet to encounter anyone, either personally or professionally, who would make a campaign to save Antony Cotton’s character from getting the axe.

Of course, Sean does have many ties to the faces of Weatherfield and would likely see some moving performances from them in the aftermath of his passing.

But with the character having truly lacked a notable storyline for close to 10 years, his spot on the soap is purely taking away space from another character who could help provide a much-needed boost to the already fledgling soap.

And let’s be real, Corrie needs to be saving all the money it can amid the ongoing cash crisis.

Whilst killing Sean off would realistically go rather unnoticed in the long-run of the soap, marking the end of such a universally disliked character will have soap fans rejoicing in their droves and for that alone, Coronation Street will have achieved a milestone.

Dee-Dee Bailey

Dee-Dee Bailey smiling while minding baby Laila.

6

Fans are set to lose the budding Street icon so let’s give her a proper send-offCredit: ITV

This is a tough one to say.

But with actress Channique Sterling-Brown having confirmed she has quit the soap for pastures new, killing her off in the New Year stunt may be the only thing that allows her to be remembered as a legacy character.

It is safe to say, amid a crowd of unnecessary and irritating new characters since the pandemic, Dee-Dee has been a true breathe of fresh air.

She exudes classic Corrie and Channique is a formidable actress.

But with her choosing to walk away after just four years, I worry that she’s about to fall into a bad trap.

We have seen it time and time again with incredible actresses leaving soap after just a few short years at the promise of breaking out into even bigger roles.

But despite their talent, they fade into the abyss and the characters are too forgettable to encourage bosses to ever bring them back.

Case and point Amy James Kelly, who played Maddie Heath on Corrie between 2013 and 2015.

She rocked Weatherfield to its core but with Amy quickly being predicted for bigger and better things on Corrie, she quit before she became too tied down to the role.

But her star power soon faded and she failed to be the big star everyone had hoped and Maddie became forgotten about much quicker than expected.

I’d hate this to happen to Channique but I fear it may be written in the stars.

But if bosses decide to place Dee-Dee at the forefront of their most anticipated episode since 2010’s Tram Crash (which did wonders for the legacy of Molly Dobbs played by the iconic Vicky Binns) then they will cement her in the history books for YEARS to come.

Whilst I don’t want to see Dee-Dee die, it could be her only hope of remaining a Corrie icon.

MY CORONATION STREET VERDICT: When it comes to the Corrie death, bosses either need to take one for the team and free audiences from an abysmal character or preserve the legacies of who could have been a Street Queen.

Source link

Franklin Street Advisors Sells $23 Million Intuitive Surgical Stake as Tariff Risks Weigh on Margins

Franklin Street Advisors disclosed an exit from Intuitive Surgical (ISRG -0.92%) in its latest SEC filing for the quarter ended September 30, selling 42,601 shares for an estimated $23.2 million.

What Happened

According to a filing with the Securities and Exchange Commission released on Thursday, Franklin Street Advisors sold its entire holding in Intuitive Surgical, divesting 42,601 shares. The estimated value of the transaction, calculated using the average market price during the quarter, was approximately $23.2 million.

What Else to Know

Franklin Street Advisors’ Intuitive Surgical position previously comprised 1.4% of the fund’s 13F assets.

Top holdings after the filing:

  • NVDA: $132.2 million (7.6% of AUM)
  • MSFT: $115.2 million (6.6% of AUM)
  • AAPL: $110.4 million (6.4% of AUM)
  • GOOGL: $91.2 million (5.3% of AUM)
  • AMZN: $72.5 million (4.2% of AUM)

As of Thursday afternoon, shares of Intuitive Surgical were priced at $443.87, down 9.5% over the past year and underperforming the S&P 500’s 16% gain.

Company Overview

Metric Value
Price (as of Thursday afternoon) $443.87
Market Capitalization $159.1 billion
Revenue (TTM) $9.1 billion
Net Income (TTM) $2.6 billion

Company Snapshot

  • Intuitive Surgical offers the da Vinci Surgical System for minimally invasive surgery and the Ion endoluminal system for diagnostic lung procedures, along with surgical instruments, digital solutions, and support services.
  • The company generates revenue primarily through the sale of surgical systems, recurring instrument and accessory sales, and service contracts for its installed base.
  • It serves hospitals, surgical centers, and healthcare providers globally, targeting institutions seeking advanced minimally invasive surgical capabilities.

Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of, and access to, minimally invasive care in the United States and internationally. Its strategic focus on innovation and expanding procedure adoption underpins its long-term growth trajectory.

Foolish take

Franklin Street Advisors’ $23.2 million sale of its entire Intuitive Surgical position marks a clear step back from the medical robotics firm after a volatile year for the stock. Shares have fallen more than 25% from their all-time high in January, as investors weigh valuation concerns and new tariff-related risks that management warned could trim 2025 margins by about 1 percentage point.

In its second-quarter 2025 earnings, Intuitive posted revenue of $2.4 billion, up 21% year-over-year, with worldwide da Vinci procedure volume climbing 17%. Meanwhile, GAAP net income rose 25% to $658 million ($1.81 per share). Yet even with expanding adoption, tightening gross margins—driven by higher input costs and tariffs on components from Mexico, Germany, and China—tempered enthusiasm.

CEO Dave Rosa said Intuitive remains “committed to advancing care” and expanding access to minimally invasive surgery worldwide. But after a multi-year run-up, Franklin’s decision to take profits may signal growing caution among institutional investors who see near-term headwinds outpacing the company’s impressive long-term growth story.

Glossary

13F reportable assets: Assets that institutional investment managers must disclose quarterly to the SEC, showing their holdings in U.S. publicly traded securities.
Assets under management (AUM): The total market value of investments that a fund or firm manages on behalf of clients.
Full exit: When an investor sells all shares of a particular holding, eliminating exposure to that asset.
Stake: The amount of ownership or investment a fund or individual holds in a company or asset.
Filing: An official document submitted to a regulatory authority, such as the SEC, to disclose financial or operational information.
Divesting: Selling off an asset or investment, often to reduce risk or change portfolio strategy.
Minimally invasive surgery: Surgical procedures performed through small incisions, often using specialized instruments or robotic systems.
Installed base: The total number of a company’s products currently in use by customers.
Service contracts: Agreements for ongoing maintenance, support, or services related to products sold.
Procedure adoption: The rate at which new medical procedures or technologies are implemented by healthcare providers.
TTM: The 12-month period ending with the most recent quarterly report.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Intuitive Surgical, Microsoft, and Nvidia. 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.

Source link

Franklin Street Advisors Dumps Salesforce Shares as AI Competition Heats Up

Franklin Street Advisors disclosed in a Thursday regulatory filing that it sold Salesforce shares in an estimated $19.6 million transaction during the third quarter.

What Happened

According to a Securities and Exchange Commission filing released Thursday, Franklin Street Advisors sold 77,826 shares of Salesforce (CRM 1.97%) in the third quarter. The estimated transaction value was $19.6 million based on the average share price for the period ended September 30. Following the sale, the fund held 1,924 shares, with a reported value of $455,988 at quarter’s end.

What Else to Know

The sale reduced the Salesforce stake to just 0.03% of Franklin Street Advisors’ 13F reportable assets under management as of September 30.

Top holdings after the filing:

  • NVDA: $132.2 million (7.6% of AUM)
  • MSFT: $115.2 million (6.6% of AUM)
  • AAPL: $110.4 million (6.4% of AUM)
  • GOOGL: $91.2 million (5.3% of AUM)
  • AMZN: $72.5 million (4.2% of AUM)

As of Thursday afternoon, Salesforce shares were priced at $244.73, down 15% over the past year, far underperforming the S&P 500 by 31 percentage points during the same period.

Company Overview

Metric Value
Revenue (TTM) $39.5 billion
Net Income (TTM) $6.7 billion
Dividend Yield 0.7%
Price (as of Thursday afternoon) $244.73

Company Snapshot

  • Salesforce delivers cloud-based customer relationship management (CRM) solutions, including the Customer 360 platform, Sales, Service, Marketing, Commerce, Tableau analytics, MuleSoft integration, and Slack collaboration tools.
  • The company provides enterprise software and related services to organizations worldwide.
  • It serves customers in financial services, healthcare and life sciences, manufacturing, and other industries.

Salesforce, Inc. is a global leader in CRM software, leveraging a comprehensive suite of cloud-based applications to drive digital transformation for its clients. Its scale and broad product portfolio reinforce its position in the enterprise software market. The company’s strategy centers on deepening customer engagement and expanding its platform ecosystem to maintain market leadership and sustain long-term growth.

Foolish Take

Franklin Street Advisors’ decision to nearly liquidate its Salesforce position—with a $19.6 million sale reducing holdings to just 0.03% of assets—reflects a sharp pivot away from one of tech’s weaker performers this year. Salesforce shares are down 15% over the past 12 months, while the fund’s top holdings—NVIDIA, Microsoft, Apple, Alphabet, and Amazon—have each notched double-digit gains, underscoring the widening divide between AI winners and software incumbents still proving their growth story.

In its latest quarterly earnings release, Salesforce reported revenue of $10.2 billion, up 10% year-over-year, and a GAAP operating margin of 22.8%, its 10th straight quarter of margin expansion. Net income climbed to $1.9 billion, or $1.96 per share, as strong demand for Data Cloud and AI offerings lifted recurring revenue. However, investors have grown cautious amid slowing overall growth and mounting competition in enterprise AI integration.

CEO Marc Benioff called the quarter “outstanding,” highlighting the company’s vision for “agentic enterprises” blending human and AI workflows. Yet with steep competition, Salesforce may need to show faster innovation—and reignite investor enthusiasm—to reclaim its former momentum.

Glossary

13F reportable assets: Assets that institutional investment managers must report quarterly to the SEC, showing their holdings.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Transaction value: The total dollar amount received or paid in a specific buy or sell of securities.
Stake: The portion or percentage of ownership an investor or fund holds in a company.
Top holdings: The largest investments in a fund’s portfolio, typically ranked by market value.
Customer Relationship Management (CRM): Software and strategies used by companies to manage interactions with customers and prospects.
Platform ecosystem: The network of products, services, and partners built around a company’s core software platform.
Dividend yield: The annual dividend payment divided by the stock’s current price, expressed as a percentage.
TTM: The 12-month period ending with the most recent quarterly report.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, Nvidia, and Salesforce. 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.

Source link

Wall Street slips lower as US government shutdown drags on

By&nbspAP with Doloresz Katanich

Published on
09/10/2025 – 16:44 GMT+2


ADVERTISEMENT

Traders on Wall Street showed caution on Thursday morning although US stocks continue to hover near their record highs.

The S&P 500 rose 0.1% in the first few minutes of trading on Thursday, before slipping 0.35%. The index is coming off its eighth gain in the last nine days.

The Dow Jones Industrial Average fell 0.41%, and the Nasdaq Composite dropped 0.43%, following a tech rally that kept US markets in a good mood over recent weeks. On Wednesday, AI chip giant Nvidia and the tech-heavy Nasdaq index both hit new records.

However, the rally has been increasingly accompanied by a growing chorus of concerns that AI-related investments are overpriced. On Wednesday, the Bank of England and the IMF both issued warnings about growing risks of an AI-led market bubble bursting. The announcements add to the current uncertainty due to the shutdown in the US, among others.

“Concerns around excessive valuations, elevated levels of government borrowing, uncertain economic growth, and political turbulence are omnipresent,” said Russ Mould, investment director at AJ Bell.

“There are a multitude of factors that could trigger a market pullback, but for now, it is another day where there are more bulls than bears.”

In other corporate news, Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, on Thursday reported its third-quarter revenue climbed 30% year-on-year, beating market forecasts.

“There is no real sign of a slowdown in AI-driven demand in the latest numbers from TSMC,” Mould said. “The chip manufacturing giant may have seen a slight easing in demand month-on-month, but year-on-year the levels of growth are still impressive for a company of its size.”

Shutdown weighs on the market sentiment

Trading has been relatively muted recently following the US government’s latest shutdown. The closure is delaying the release of several major economic reports that usually move the market. Stocks have been drifting without them or other signals to change expectations for cuts to interest rates by the Federal Reserve, one of the major reasons the stock market has been on a tear since April.

Oil prices fell after Israel and Hamas agreed Wednesday to pause fighting in Gaza so that the remaining hostages there can be freed in the coming days in exchange for Palestinian prisoners.

The acceptance of elements of a plan put forward by the Trump administration represents the biggest breakthrough in months in the devastating two-year war.

US benchmark crude dipped 21 cents to $62.34 per barrel. Brent crude, the international standard, edged down 18 cents to $66.07 per barrel.

Gold shed some of its stellar gains but was still at $4,054.50 per ounce as of Thursday morning in the US.

Corporate news fuelling the trade

PepsiCo shares inched up over 1% on Thursday after the snack and beverage giant reported better-than-expected revenue in the third quarter despite weaker demand for its snacks and drinks in North America.

PepsiCo’s net income fell 11% to $2.6 billion (€2.24bn), but adjusted for one-time items, the company earned $2.29 per share, beating analysts’ forecasts by 3 cents.

Delta Air Lines easily topped Wall Street expectations for third-quarter profit. Delta expects recent momentum to carry through the end of the year and forecasts full-year profit of $6 per share, in the upper half of its previous guidance range. Delta shares rose 5.8% in premarket, lifting other major airlines’ shares along with it. United rose 3.9% and American jumped 4.9%.

Danish pharmaceutical company Novo Nordisk, the maker of weight-loss drug Wegovy, announced that it was acquiring San Francisco’s Akero Therapeutics for $4.7bn (€4.05bn) in cash.

Meanwhile, Ferrari saw its shares lose more than 13.8% after the Italian luxury sports carmaker offered a cautious earnings forecast on Thursday.

European sentiment remains mixed

Elsewhere, European markets opened in a mixed mood as traders weighed the details of the Israel–Hamas peace deal and mounting concerns over an AI bubble, with corporate updates, the looming US shutdown, and France’s political turmoil humming in the background.

Germany’s DAX added 0.28% while France’s CAC 40 was mostly flat. Britain’s FTSE 100 fell 0.29%.

Source link

Tesla Q3 Deliveries Smash Estimates, But Wall Street Wasn’t Impressed. What Gives?

Tesla recently reported third-quarter deliveries that came in well ahead of what Wall Street analysts expected.

With Tesla’s (TSLA 1.32%) core electric vehicle business struggling this year, analysts and investors were anxious to get a glance at how EV deliveries would trend in the third quarter. The company delivered big time, reporting close to 497,100 deliveries, smashing Wall Street estimates of of 447,600. However, Tesla’s stock dipped immediately following the news, as the strong beat was not enough to excite Wall Street. What gives?

Expiration of the EV tax credit

Tesla’s third-quarter deliveries of nearly 497,100 blew out estimates and rose 7% year over year. That’s a sharp reversal from the first two quarters of 2025, when the company reported deliveries that fell 12% year over year compared to the first half of 2024.

Picture of outside of Tesla dealership.

Image source: Tesla.

But analysts clearly knew the quarter was going to be strong because President Trump’s big legislative spending bill passed by Congress earlier this year eliminated the $7,500 EV tax credit on Sept. 30, the last day of the third quarter. It became evident that consumers would likely rush to purchase Teslas before the cost of the vehicles increased.

According to Gene Munster, managing partner at Deepwater Asset Management, Tesla saw a 35% year-over-year increase in its U.S. sales in the third quarter, which he attributes to the rush before the EV tax credit expiration. “Investors should largely throw out the positive number,” Munster said, noting that the “the future will be autonomy.”

Still, other analysts were more optimistic. Morgan Stanley analyst said that Q3 deliveries came in at the top end of hedge fund estimates ranging from 450,000 to 500,000 deliveries. Wedbush Securities analyst Dan Ives called the quarter a “massive bounceback” and said he is still high on the company’s autonomous vehicles and humanoid robotics businesses, which Ives and Wedbush analyst Scott Devitt think could catapult Tesla to a $2 trillion to $3 trillion market cap by 2026 or 2027.

Ultimately, I’m guessing the disappointing share action could be attributed to Tesla stock’s recent run-up. The stock is up close to 60% over the past six months.

Current state of the bull-bear debate

Tesla is still one of if not the most hotly debated stocks on Wall Street, with the bulls confident that it is the most innovative AI company in the world and the bears pointing to its staggering valuation of nearly 250 times forward earnings. As of this writing, Tesla trades at nearly $440 per share. The lowest Wall Street price target is an astounding $19 per share, while the high is $600 per share, which shows just how split the Street is on the name.

But one thing I think both the bulls and bears agree on is that the future of Tesla is going to come down to its autonomous driving business, for which Tesla is in the early stages of building out an autonomous ride-hailing fleet, and the humanoid robots business. If these businesses are as successful as analysts like Ives believe, than the stock can keep moving higher. But hiccups or a more competitive market than people think could send it tumbling.

Tesla has begun to launch pilot autonomous driving programs in select cities, while humanoid robots are still in prototype stage. The advantage of Tesla’s robotaxi business is that the vehicles can reportedly be built at a fraction of the cost of rival WayMo, which is also operating in several cities. However, it remains to be seen whether the technology can truly be perfected and deemed safe enough to be fully commercialized.

The simple reason I choose to avoid Tesla is that I think the market has assumed too much success in businesses that the public still knows far too little about. If Tesla is successful and jumps to $600 per share, that’s 40% upside, but if robotaxis and humanoid robots don’t work out as well as hoped, who knows that the stock is worth. As stocks get larger and surpass a $1 trillion market cap, maintaining the growth to hold such a high valuation becomes more difficult. The risk-reward proposition is not attractive to me.

Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Source link

Palantir Stock Investors Just Got Great News From Wall Street

Bank of America analyst Mariana Perez Mora recently raised her target price on Palantir to $215 per share, the highest forecast on Wall Street.

Palantir Technologies (PLTR 0.79%) is one of the most popular artificial intelligence (AI) stocks on the market, especially among retail investors. Shares have advanced 140% year to date, after skyrocketing 340% last year. And the company recently got a big vote of confidence from a Wall Street analyst.

Mariana Perez Mora, who covers aerospace and defense at Bank of America, recently raised her target price to $215 per share, up from $180 per share. Mora’s forecast is now the most bullish on Wall Street, and it implies 17% upside from the current share price of $183.

Here’s what investors should know about Palantir.

The Palantir logo illuminated on a wood-paneled wall.

Image source: Getty Images.

Palantir is a leader in artificial intelligence platforms

In her recent note, Bank of America analyst Mariana Perez Mora highlighted two qualities that differentiate Palantir. First, the company uses what it calls forward-deployed engineers (FDEs), developers that work directly with specific clients to build custom solutions. FDEs are a particularly compelling value proposition as more companies look to integrate artificial intelligence into workflows.

Second, Palantir designed its software around an ontology, a framework that serves as the digital twin of an organization. Think of an ontology as a cause-and-effect diagram that uses digital information to define the relationship between physical objects. It lets clients easily troubleshot, automate, and optimize business processes with artificial intelligence.

In short, whereas most analytics tools are built around data, Palantir designed its software around a decision-making framework. Chief Technology Officer Shyam Sankar told analysts on the second-quarter earnings call, “Our foundational investments in ontology and infrastructure have positioned us uniquely to deliver on AI demand.”

Indeed, Forrester Research ranked Palantir as the technology leader in its most recent report on artificial intelligence and machine learning (ML) platforms, awarding its AIP platform higher scores than similar products from Amazon, Microsoft, and Alphabet. And IDC ranked the company as the market leader in its latest report on decision intelligence software.

Bank of America says Palantir’s revenue could reach $18 billion annually by 2030

Palantir currently earns the majority of its revenue from government customers, and that business segment has regained its momentum due to demand for AI among defense and intelligence agencies. Government revenue growth has accelerated in six consecutive quarters and adoption is expanding beyond the U.S.

NATO earlier this year acquired Palantir’s Maven Smart System, an AI-powered warfighting platform already used across the U.S. military to improve battlefield targeting and supply chains. More recently, Palantir struck a five-year, 750 million-pound deal with the U.K. Ministry of Defense to help the U.K. military develop AI capabilities. That is the largest government contract outside the U.S. to date.

Mora at Bank of America thinks that momentum will continue as more countries consider the Maven Smart System. She estimates government revenue will reach $8 billion annually by 2030. However, Mora expects commercial revenue to eclipse that figure, reaching $10 billion by the end of the decade, as enterprises choose to buy Palantir’s AI operating system rather than build their own.

To summarize, Mora believes demand for artificial intelligence will be a major catalyst for Palantir, pushing total revenue to $18 billion annually by 2030. To put that in context, the company reported $3.4 billion in revenue over the last 12 months, so her forecast implies revenue growth of 35% annually over the next five-plus years.

Palantir is the most expensive stock in the S&P 500 several times over

Palantir is well positioned for future growth. Grand View Research estimates the data analytics market will expand at 29% annually through 2030, driven by demand for artificial intelligence and machine learning tools. As the market leader in decision intelligence software with deep expertise in AI/ML, Palantir is likely to report faster revenue growth than the overall market.

However, that still doesn’t justify the current valuation of 134 times sales. For context, the next closest stock in the S&P 500 is AppLovin with a price-to-sales multiple of 39. That means Palantir could lose 70% of its market value and still be the most expensive stock in the index.

Consider this scenario: If Bank of America is correct in forecasting $18 billion in revenue in 2030, Palantir would still trade at 24 times sales by that point if its stock price does not change at all. Only eight stocks in the S&P 500 currently have valuations above 24 times sales, so Palantir would still be one of the most expensive stocks in the index (by current standards) without any share price appreciation in the next five-plus years.

Here’s the bottom line: Palantir is an excellent business, but the stock is wildly overvalued. That does not mean shares will decline anytime soon. Palantir could very well reach Mora’s target price of $215 per share. But the risk-reward profile is undoubtedly skewed to the downside, so investors should make the prudent choice and look elsewhere. There are plenty of other AI stocks with more favorable risk-reward profiles.

Bank of America is an advertising partner of Motley Fool Money. Trevor Jennewine has positions in Amazon and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Palantir Technologies. 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.

Source link

Murder investigation launched after man, 19, dies on residential street in Leeds with forensics shutting off roads

COPS have launched a murder inquiry after a teenager was stabbed and “dumped” in the street.

Multiple police cordons were in place last night after the victim, believed to be 19 years old, was found by officers with serious injuries in the Harehills area of Leeds around 12pm yesterday.

He was pronounced dead shortly after.

The man is thought to have been attacked in another part of the city before being left in St Wilfried’s Crescent.

As investigations continue, three crime scenes were erected.

In a statement, West Yorkshire Police said: “Detectives have launched a murder investigation following the death of a man in Leeds.

“At around 12pm today (8 October), a report was received that a man was found on St Wilfrid’s Crescent, Harehills, with serious injuries. He was pronounced dead a short time later.

“He has not yet been formally identified. A number of scenes are in place whilst extensive enquiries are carried out, including Parkside View, St Wilfrid’s Crescent and Amberton Crescent.

“Officers from the Homicide and Major Enquiry team are appealing to anyone who was in any of these areas around 12pm who may have witnessed anything to come forward with information.

“Local neighbourhood policing patrols have been stepped up in the area to provide reassurance.”

Anyone with information that may help the police with their enquiries can call 101 using log number 650 of October 8.

Street view of St. Wilfrid's Crescent in Harehills, Leeds.

1

The man was found in St Wilfried’s Crescent in Leeds on WednesdayCredit: Google Maps

Source link

As Carnival Stock Tumbles, Wall Street Says Buy Now

The world’s largest cruise company has a long growth runway.

Is Carnival (CCL -1.44%) (CUK -1.65%) stock’s run finally over? The cruise industry leader has made an incredible comeback after falling off a cliff when the pandemic started. It’s back to business and its usual, sales-generating self, with sky-high demand and record operating profits.

The stock price has matched its ascent, and Carnival stock is up 270% over the past three years. It has required a good amount of confidence from investors to stay with it over this time, but it’s paid off. However, after the most recent earnings results, the stock has started to drop again. Is this a buying opportunity? Wall Street analysts say yes. Are they right?

Carnival Legend cruise ship underway at sea.

Image source: Carnival.

Endless seas, endless demand

Carnival is the largest cruise operator in the world, with 90 ships across its portfolio of brands, which includes Princess, Holland, Aida, and others. Demand is outstripping capacity, and it’s ordering more ships to handle all of the people who want to take a historic trip on a luxury liner.

It’s also working hard to generate that demand, with many new features and destinations to attract new and repeat business. In July, it opened Celebration Key, a Caribbean asset that’s exclusive to Carnival travelers. It’s keeping busy there, and management expects it to have visitors nearly every day this year, with two ships in port 85% of the time. It’s getting ready to launch or expand several other exclusive Caribbean assets.

Management is moving ships to where demand is highest, and it already has plans in the works to increase capacity in these locations for the 2027 and 2028 sailing seasons. It’s opened up bookings for new options in South Florida and Texas, and it’s opening new home ports in Norfolk, Virginia and Baltimore, Maryland. It also announced its first-ever dedicated Hawaii series sailing from California.

There’s incredible momentum at Carnival. Almost half of 2026 is already on the books, and in the U.S. and Europe, ticket prices are at historic highs. Occupancy trends remain at historical highs as well.

Are new problems emerging?

For all intensive purposes, Carnival’s fiscal third-quarter (ended Aug. 31) earnings were phenomenal. It beat guidance across metrics, and it reported its highest-ever quarterly adjusted net income at $2 billion. It raised full-year guidance across metrics as well, and this was the third time this year that it did so.

Other positive news is that as interest rates go down, it’s paying off its high debt and refinancing at better rates, saving millions in interest expense.

Despite the wins in basically every area, Carnival tumbled after the report, and it’s still falling, down 7% since the results were released.

It could be tied to the remaining debt of $26.5 billion or to the slowing down of some year-over-year increases. Revenue, for example, increased only 4% from last year. The market may also not have liked Carnival’s plan to convert some of its debt into stock, which dilutes the current outstanding shares. Another likely explanation is that crude oil prices rose on the day of the report, and all of the major cruise stocks fell.

Go with Wall Street

Wall Street sees this opportunity and says go for it. Of covering analysts, 73% call it a buy, with an average price target of 27% over the next 12 to 18 months and a high of 50%.

Investors should always take Wall Street’s approach with a grain of salt and dig further. But in this case, so long as you aren’t totally risk averse and you have a long-term investing timeline, I think Wall Street is on the money here. Carnival has demonstrated strong management, resilience, and cost efficiency, and it’s investing in its future. Keep in mind that you can’t time the market, and the stock could continue to drop before getting back up again, but this looks like an opportunity to buy Carnival stock on the dip.

Source link

Carín León, Kacey Musgraves groove in ‘Lost in Translation’ video

Words don’t mean much for Kacey Musgraves and Carín León as Texas meets Sonora in the music video for their latest single, “Lost in Translation.”

The song, which dropped in August, is about how intimate connections between people can transcend languages and borders.

The newly-released video shows the pair gallivanting across the streets of the vibrant and not-so-tourist-filled streets of Puerto Vallarta, Mexico. Interspersed between scenes of the two musicians dancing and longing for each other are standalone shots of young Vallartenses donning colorful outfits and interacting with wildlife, while older men play card games and young adults perform dance routines.

In a press release for the single, Musgraves expressed how essential Mexican music has been in her own musical journey and formation.

“Growing up singing traditional country and western music, I’ve always loved exploring the borders of country and where it blends with other styles like Norteño and some regional Mexican sounds I heard a lot of in Texas,” she said.

The recording session for the song came about when the duo warmed up by singing one of León’s favorite songs: Juan Gabriel and Rocío Dúrcal’s “Fue Un Placer Conocerte.”

The collaboration isn’t León’s first bilingual rodeo; he collaborated with country singer Kane Brown for the 2024 single “The One (Pero No Como Yo)” and teamed with Leon Bridges for 2024’s “It Was Always You (Siempre Fuiste Tú).”

Last month, it was announced that León would be the first Latino artist to headline Las Vegas’ Sphere next year. The Mexican singer is set to perform three concerts as part of the city’s Mexican Independence Day celebrations, which are scheduled for Sept. 11, 12 and 13, 2026.

Musgraves has long been a champion for Mexican music. At a recent show in Mexico City, Musgraves performed a rendition of the ranchera classic “Tú, Solo Tú” alongside Mariachi Oro de América.

“Mucho respeto to the Mexican community. This is a tribute to your endless passion, hard work and valiance. (I could literally cry right now as I’m typing this bc I love y’all so much),” Musgraves wrote in an Oct. 4 Instagram post. “I am forever inspired by you and the Ranchera spirit. See y’all at the carne asada?”

Back in 2019, the “High Horse” artist sang a cover of Selena Quintanilla-Pérez’s hit “Como La Flor” at the Houston Rodeo.

“I love the queen Selena just as much as you do,” she told the crowd at Houston’s NRG Stadium. “This is our chance to honor her, by singing as loud as we can together.”



Source link

I ditched my Asos job to flog £10 items – now I’m taking over Bond Street & make £56,000 in a single DAY

A SAVVY entrepreneur ditched her boring desk job at ASOS and is now raking in as much as £56,000 in a single day.

Aimee Smale, has taken her fashion brand Odd Muse from a bedroom side hustle to a multi-million-pound empire.

Odd Muse London - Aimee Smale

3

Aimee Smale quit her £21,000 a year job at AsosCredit: iNSTAGRAM/ @ODDMUSELONDON
PR HANDOUT FOR THE SUNDAY TIMES BUSINESS DESK // HIMI // How I Made It // Aimee Smale founder of oddmuse

3

The entrepreneur now runs a multi-million pound businessCredit: iNSTAGRAM/ mOLLIE fRECKFLIES

The twenty-eight year old has now cemented her place among luxury giants by flinging open the doors to her first UK flagship on London’s exclusive New Bond Street.

Humble beginnings

Just a few years ago, Aimee was slogging away in a £21,000-a-year admin role, feeling unfulfilled working from home during the pandemic.

But with a burning ambition, she started a clever side hustle, flogging £10 logos to Brits who’d started small businesses in lockdown.

Speaking candidly to Grace Beverley on the Working Hard, Hardly Working podcast, she revealed how the tenner-a-pop gig became a goldmine, saying: “I was making like 30 logos a day at one point. 

“Finishing ASOS, closing my laptop, staying up all night to just make logos. But it got me £12,000 for Odd Muse.”

Aimee’s dream was to have her own fashion brand and so she began saving to start what would become her own fashion empire.

Aimee ploughed her entire side-hustle earnings into ordering the first batch of stock, admitting she was “almost arrogant” in her belief that it would be a roaring success. 

She ordered 100 units of her now-iconic blazer, and her bold gamble paid off big time, selling out in days and breaking even instantly.

A significant moment for Odd Muse came when influencer Lorna Luxe purchased the blazer, leading to a massive surge in sales.

I was so shy growing up but now my fashion brand Odd Muse is worth £5 million after forcing myself to be confident

Aimee shared, “I remember saying to everyone – everyone would be like who do you want to wear your brand and I would say Lorna. Anyone in the world – Lorna.

“She literally bought it, put it on her story, and it changed the game for me.”

The success of the Ultimate Muse Blazer was followed by the launch of the Pearl Dress, which sold out within a minute.

The brand made over £100k in its first three months and is now a certified smash hit, turning over a whopping £5.2 million in 2023. 

Fashion visionary

Aimee’s vision was to create timeless, luxury clothes that young women could actually afford, offering an alternative to the world of throwaway fast fashion.

She previously told The Sun: “I just remember thinking fashion when I left university aged 21 was fast fashion, which is all we can afford, and the luxury sector is unattainable. 

“I just wanted to offer a fast fashion alternative and justify a price point that encouraged re-wearing and investing in your wardrobe.”

Flagship store opening

Now, Aimee has officially taken over one of the most prestigious shopping streets in the world, having opened her glitzy new store on October 3. 

Despite her mega-success, she admitted on TikTok she still gets terrified no one will show up to her events, a fear that was quickly squashed when 2,000 eager fans turned up to a recent sample sale.

The fashion mogul revealed she was even warned against the bold move onto Bond Street.

“I was told no… I didn’t need to take on New Bond Street,” she said. 

But Aimee was determined to create a space for her loyal fans, “inviting our community into a world luxury fashion previously didn’t think to invite them into.”

The shy girl from class is now the poster girl for her own business, using her relatable personality on TikTok to connect with thousands of customers worldwide. 

She credits this authentic approach for building a massive community, with a staggering 60% of orders now coming from the US.

Meanwhile, the company’s permanent boutique in London’s Covent Garden celebrated its second anniversary back in March.

From her bedroom to Bond Street, Aimee’s incredible journey shows what can happen when you have a bit of northern grit and a brilliant idea. 

As she puts it, seeing addresses from all over the world flooding in made her realise “Odd Muse was going to be something big.”

Odd Muse London - Aimee Smale

3

Odd Muse opened its UK flagship store on 77 New Bond StreetCredit: iNSTAGRAM/@ODDMUSELONDON

Top five easiest side hustles

  1. Dog walking
  2. Babysitting
  3. Selling clothes on Vinted or Depop
  4. Start a Youtube or TikTok channel
  5. Tutoring



Source link

Emmerdale and Coronation Street crossover episodes are already filming as ITV reveals new details of soap first

EMMERDALE and Coronation Street have officially begun filming crossover episodes in a historic first for ITV.

ITV has pulled off the ultimate soap shocker with the first-ever Coronation Street and Emmerdale crossover – and it’s been called Corriedale.

A clapperboard for the show "Corriedale" with details from "Emmerdale" and "Coronation Street."

3

Corriedale has begun filming and is set to hit screens on ITV and YouTube in early 2026Credit: ITV
A woman in a black leather jacket stands at the left, facing another woman in a blue velvet jacket who is seated at a table with other people in a bar.

3

The Weatherfield lot will collide with their Yorkshire neighbours in a soap firstCredit: ITV
Kim Tate, Mandy Dingle, Vinny Dingle, and Gabby speak about Thomas's adoption.

3

The two soaps are going all out, with production teams cooking up a jaw-dropping stuntCredit: ITV

Cameras are rolling on this one-off extravaganza, bringing together the nation’s favourite telly titans.

Expect Weatherfield’s lot to collide with their Yorkshire neighbours in a whirlwind hour of drama, secrets, and epic soap action.

Fans are already buzzing about what could go wrong… or right!

The two soaps are going all out, with production teams cooking up a jaw-dropping stunt that promises life-changing consequences for the characters involved.

ITV Executive Producer for Continuing Drama Iain Macleod said: “It’s beyond exciting that filming is underway on Corriedale.

“There is a massive buzz around both the Leeds and Manchester sites and the images coming out of the shoot are utterly spectacular.

“And that’s before we’ve even got to all the brilliant transpennine interactions between characters from the different shows!

“As a soap fan myself, I think my head is going to explode when the episode airs next year.

“It will be mind-blowing, historical and unmissable.”

There will also be an interactive twist for fans to determine one part of the episode.

Explosive Emmerdale twist as real villain behind drugs gang is exposed – and they’re a very familiar face

A vote will be opened allowing soap fans to choose which Emmerdale and Coronation Street character will share a carefully-written scene together as part of the episode.

Corriedale is set to hit screens on ITV and YouTube in early 2026 – kicking off the brand-new soap power hour.

From then on, Emmerdale will roll out at 8pm, followed by Coronation Street at 8.30pm, every weekday in a double dose of drama.

The schedule change sees both soaps lose one episode a week amid dwindling ratings.

Biggest soap stunts

By Conor O’Brien

Soaps are no stranger to dramatic stunts in the storylines. Not only do these moments create a spectacle for viewers, they also fundamentally change characters’ lives.

Here is a look at some of the biggest soap stunts from over the years.

CORONATION STREET

  • Tram crash (2010): The ITV soap marked its 50th anniversary with a intense tram crash – and live episode to boot. Overall, the crash and its effects were broadcast across a week in December 2010. Its resulting chaos saw regular characters Ashley Peacock (Steven Arnold) and Molly Dobbs (Vicky Binns) die.
  • Richard Hillman tries to kill the Platts (2003): Of all the men unlucky-in-love Gail tied the knot with, Richard Hillman (Brian Capron) is probably the one she regrets most in hindsight. In 2003, murderer Richard tried to kill his step-family: first by gassing them with car fumes and then driving Gail (Helen Worth), Sarah (Tina O’Brien), David (Jack P. Shepherd) and Bethany (Amy and Emily Walton) into a canal.

EASTENDERS

  • Queen Vic fire (2010): In September 2010, EastEnders bid farewell to matriarch Peggy Mitchell (Barbara Windsor) as a permanent fixture on the soap – she returned as a guest before the character’s death in 2016. In the build-up to her initial exit, Peggy had trapped crack cocaine-addicted son Phil (Steve McFadden) in the Queen Vic. However, he escaped and set the boozer on fire.
  • Bus crash (2017): In April 2017, a total of 11 Albert Square residents had their lives at risk in a terrifying bus crash. The stunt saw a double decker bus – the 764 to Barking – lose control and crash through the Albert Square market before hitting a low-level bridge. Notable passengers at the time included Denise Fox (Diane Parish) and Louise Mitchell (Tilly Keeper).

EMMERDALE

  • James Barton’s death (2016): Interestingly about James’ (Bill Ward) death was that it came in a spiral of events. After wife Emma (Gillian Kearney) locked James up in a jealous rage, he escaped and they tussled on a bridge over the bypass. Emma pushed him and James fell into traffic, in turn causing a 12-vehicle pile up, As well as James dying, key characters including Ashley Thomas (John Middleton) and Rhona Goskirk (Zoe Henry) were injured.

Source link

Watch moment Big Brother housemate Elsa’s TikTok star ex throws huge tantrum in the street after she joins ITV2 show

BIG Brother star Elsa Rae’s Tiktok creator boyfriend Ed Matthews was seen throwing a huge tantrum in the street after she sparked romance rumours with one of her housemates. 

After splitting following their on-off romance, Elsa ditched Ed in favour of the Big Brother house. 

Watch moment Big Brother housemate Elsa’s TikTok star ex throws huge tantrum in the street after she joins ITV2 show, https://www.tiktok.com/@clipping_everything0/video/7555618024225639702?_r=1&_t=ZN-90BlYzc6luw

3

Ed was seen throwing a tantrum in the streetCredit: Tiktok
EROTEME.CO.UK FOR UK SALES: Contact Caroline If bylined must credit ITV2 Big Brother - Day 3 Picture shows: Zelah, Elsa, Marcus and Cameron chatting. NON-EXCLUSIVE Date: Wednesday 1st October 2025 Job: 251001UT12 London, UK EROTEME.CO.UK Disclaimer note of Eroteme Ltd: Eroteme Ltd does not claim copyright for this image. This image is merely a supply image and payment will be on supply/usage fee only.

3

Elsa is currently in the Big Brother houseCredit: Eroteme
EROTEME.CO.UK FOR UK SALES: Contact Caroline If bylined must credit ITV2 Big Brother - Day 3 Picture shows: Elsa and Marcus. NON-EXCLUSIVE Date: Wednesday 1st October 2025 Job: 251001UT11 London, UK EROTEME.CO.UK Disclaimer note of Eroteme Ltd: Eroteme Ltd does not claim copyright for this image. This image is merely a supply image and payment will be on supply/usage fee only.

3

And she and Marcus are already sparking romance rumoursCredit: Eroteme

And a TikTok video shows the controversial influencer losing his cool. 

Ed is seen slumped on a bench, saying: “I made a f****** mistake… a big mistake. 

“Everything in this world is energy, you know that.” 

Fans rushed to comment, with one writing: “Big mistake… why, cause Elsa’s making something of herself?”

Another said: “He’s gutted now. She’s an amazing, loyal girl and she deserves better.” 

And a third added: “No one has more drama than Ed Matthews.” 

Big Brother only returned on Sunday night but it didn’t take long for Elsa and housemate Marcus to spark romance rumours.  

Just days into living in the famous house, viewers spotted a budding connection between Elsa and hunky 22-year-old Marcus.

Marcus is a mechanical engineer and has already appeared to have taken a shine to the model who boasts over 500,000 followers online.

But fans think Elsa could have an ulterior motive.

Big Brother fans say ‘this isn’t Love Island’ as romance blossoms and two housemates get cosy in bed

Being sceptical, they have cast doubt on Elsa’s intentions and have suggested she is faking a romance with Marcus purely to make streamer Ed jealous.

Writing on X, one viewer said: “Elsa trying to make Ed Mathew jealous.”

Another added: “If that’s a hint of a Marcus / Elsa showmance then they can f*** off…..”



Source link

Coronation Street legend Denise Black joins BBC rival 33 years on from iconic storyline

Coronation Street star Denise Black, whose character is best remembered for her relationship with Ken Barlow, has joined Waterloo Road, more than 30 years on from her cobbles debut

Coronation Street legend Denise Black has joined the cast of Waterloo Road. The actress, 67, is best known for starring as hairdresser Denise Osbourne on ITV’s flagship soap, who is best known for her relationship with Ken Barlow (William Roache) in the 1990s.

The actress initially appeared on Coronation Street from 1992 until 1997. Her relationship with Ken resulted in the birth of their son Daniel Osbourne, but it all ended in tears when it emerged she had been having an affair with Brian Dunkley (Benny Young), and she was not heard from for a decade.

In 2007, Denise made a brief appearance to reintroduce Ken to Daniel after his adoptive daughter Tracy Barlow (Kate Ford) was sent to prison for the murder of Charlie Stubbs. She tried to make a pass as him but he opted to return to Deirdre (Anne Kirkbride), and it would almost another 10 years before she was seen again. In 2016, Daniel, now played by Rob Mallard, arrived back on the scene after his father suffered a stroke and has been a fixture on the programme ever since. But Denise made a return with him and was last seen offering her condolences to Ken over the death of Deirdre.

READ MORE: Blue Lights star reveals Coronation Street legend’s secret role in new seriesREAD MORE: Coronation Street’s William Roache reveals two-year feud with legendary co-star

She followed her various stints on the cobbles with a role on fellow ITV show Emmerdale, and played Joanie Dingle, the adoptive grandmother of Amy Wyatt’s on-screen son Kyle from 2013 until 2017. Her character had an affair with Zak Dingle (Steve Halliwell) and they later married but it all ended in tragedy when Joanie died of a heart attack in January 2017.

But now, Denise has swapped soap for drama and she has joined the cast of the BBC’s flagship school drama, which was revived in 2023 after nearly a decade off air. In the sixth episode of the latest series, Denise plays the grandmother of Liam Scholes’ character Noel McManus. In explosive scenes, Denise’s new character, Mo McManus, gets caught up in a confrontation for the police.

Waterloo Road first aired on the BBC in 2007, and launched the TV careers of Hollyoaks actress Chelsee Healey, former Strictly Come Dancing star Adam Thomas, and Katie McGlynn amongst a host of others. Stars like Louis Tomlinson, Jodie Comer and Jack O’Connell also began their careers as students of the troubled Manchester comprehensive school before going on to global success.

Over the course of its first nine series, the programme dealt with tough issues like teenage pregnancy, murder and addiction and featured a stellar cast of TV favourites, with ex-EastEnders star Jill Halfpenny as drama teacher Izzie Redpath, Loose Women favourite Denise Welch as hapless French teacher Steph Haydock and Silent Witness actress Amanda Burton as headmistress Karen Fisher.

It was revived in 2023 after streaming of the original series proved popular, but bosses recently admitted that the reboot has surpassed all of their expectations.

The show’s executive producer, Cameron Roach, said: “When the BBC commissioned the reboot of we had hoped it might run for a few seasons.

“To be commissioned for further series, bringing the total episodes since relaunch to seventy hours, is a huge achievement and a reflection of the incredible creative teams in front of and behind the camera.

“As well as continuing to celebrate emerging talent, the show is fast gaining a reputation for working with the best comedy talent, as Jon Richardson joins the cast this season.

“As a team we’re incredibly proud that a very British show can be such an enduring success for the BBC and continue to bring in new generations of viewers.”

Waterloo Road is available to stream on BBC iPlayer.

Join The Mirror’s WhatsApp Community or follow us on Google News , Flipboard , Apple News, TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads – or visit The Mirror homepage.



Source link

Coronation Street spoilers: Asha suicide fears, Tim’s shock past and Todd health scare

Coronation Street spoilers for next week reveal worrying scenes for Asha Alahan, while Kevin Webster wants revenge and Tim Metcalfe’s shocking past is confirmed

There’s some big moments on Coronation Street next week, and some emotional scenes according to new spoilers.

Asha Alahan takes centre stage as she struggles to cope, with a hospital dash sparking fears about her mental wellbeing. Her family are left devastated, with questions raised as to whether she has attempted to take her own life.

There’s concern for Theo Silverton too as he continues to target his partner Todd Grimshaw amid his recent abuse. Abi Franklin is left out in the cold, and Kevin Webster takes brutal action.

The key storyline is Asha’s turmoil which she continues to hide from her loved ones. Her stepmother Bernie Winter is worried about her after recent events, with Asha avoiding work ever since the vile and racist abuse she faced weeks earlier.

READ MORE: Emmerdale spoilers tease Robron future and new Robert mystery after John updateREAD MORE: Emmerdale’s Anthony ‘not the body dug up by Caleb’ as John’s real victim ‘revealed’

Asha remains exhausted and hits the bottle, before telling Brody to mind the shop while she heads out. She leaves Brody panicked as he’s left in charge, with Asha suddenly heading down the street in tears.

But in a concerning turn of events we next see Asha in a bad way, having been found by Theo with Amy Barlow also at the scene. Dev races out and sees a paramedic tending to his daughter, while the paramedic asks Dev and Amy whether Asha may have taken any drugs.

Dev fears for his daughter at the hospital, where he’s met by Asha’s paramedic colleague Sienna who reveals drugs were found on his daughter. Bernie is with him, and she shocks her husband when she asks Sienna if Asha tried to kill herself. Will Asha be okay, and what has happened?

Later in the week Dev spirals over his daughter’s hospital dash. He tells his wife that he can’t help feeling angry that Asha was prepared to put the family through so much pain. So does this mean Asha did try to harm herself?

When Dev visits his daughter at the end of the week, it’s not clear if Asha is okay and if she is, what she will reveal. Elsewhere next week, Tim Metcalfe sparks concern as he faces someone from his past, leading to a worrying confession.

Tim recognises newcomer Trisha as someone he knew in the 80s. When he sees her again later while out for a drink with his wife Sally Metcalfe, Tim explains that they know each other.

Later in the week Trisha pops by at the cab office to see Tim, leaving Sally unnerved. She introduces herself as Tim’s wife, before berating her husband for being with Trisha instead of her.

Sally storms out, leaving Tim to reminisce about Trisha. But what he says about her leaves pal Brian stunned. He claims he was in a relationship with Trisha years earlier, but says he was only 14 years old and she was nearly 20.

Brian wastes no time in accusing Trisha of grooming Tim as a child, leaving her and Tim mortified. Brian urges Tim to face the fact that Trisha groomed him. When Sally finds out about the relationship, Tim admits that he was 14 when Trisha, 20, took his virginity leaving Sally shocked.

Also next week, Theo reappears after his sudden disappearing act last week. With him not being in touch, Todd is concerned for his partner, only for Theo to find an unresponsive Asha slumped on a bench in Victoria Garden.

He shouts for help before he faces a telling off from Todd. When Amy tells Todd that if it wasn’t for Theo things may have turned out very differently for Asha he’s left thoughtful.

Later in the week Todd lies to Theo on the day of Noah’s funeral, hiding from him that he’s got an appointment at the hospital to check for bowel cancer. He tells pal Billy Mayhew who agrees to go with him.

When Theo later spots them together he’s furious. Finally next week, Abi continues her secret relationship with brother-in-law Carl Webster after her split from husband Kevin Webster.

Debbie Webster demands they end things, knowing the truth about their affair. She also urges Kevin to hire a lawyer as Abi “isn’t to be trusted”. Fearing she’s about to be exposed, Abi sends a message to Carl to warn him that Kevin knows everything.

However, Abi is mortified when she realises she’s sent the text to Kevin by mistake. As Carl attempts to get hold of Kevin’s phone to delete the text, will it be too late? It seems so as at the end of the week Kevin kicks her out of the home.

Coronation Street airs Mondays, Wednesdays and Fridays at 8pm on ITV1 and ITV X. * Follow Mirror Celebs and TV on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .



Source link

UK high street retailer starts selling viral Labubu dolls – but big change is infuriating customers

WILKO is now selling official Labubu dolls – but shoppers have been infuriated by the hefty price tags.

The dolls, which originate from Hong Kong, are retailing for £50 at the high street chain.

Labubu dolls for sale at a Pop Mart store.

1

The fluffy doll is retailing for £50 at Wilko storesCredit: Getty

Customers took to social media to express their anger at the prices of the fang-toothed, fuzzy dolls.

One said on Instagram: ” The prices are horrendous.”

Another added: “Get stuffed.”

While a third said: “Disgusting prices.”

The dolls are currently available both in Wilko stores and online.

Wilko returned to UK high streets last year after announcing it would be closing all of its shops back in October 2023.

The Labubu doll was first introduced in 2015 but has soared in popularity through celebrity endorsements and its ‘ugly-cute’ design.

They are particularly popular across Southern Asia, with K-Pop performer, Lisa, sharing the fluffy doll on her Instagram story which skyrocketed the craze around the toy.

The hashtag Labubu has appeared more than a million times on TikTok.

Counterfeit dolls with dangerous faults are flooding the UK market

Where else can you purchase Labubu’s

The figures are available on the Pop Mart platform but consumers have to be incredibly savvy to get them as they are often sold out.

However, if you live near London, Pop Mart’s new flagship shop has just opened on Oxford Street, which often has exclusive drops of the dolls.

These retail for £32, far less than Wilko.

The doll is also available on Amazon for much cheaper prices, although highly sought after editions can sell for upwards of three figures.

You might have more luck looking on second hand retailers such as Vinted or Depop, who often sell high quality items for half the price.

If you don’t want to purchase the item, you can even rent the dolls.

You can borrow the charms for around £4 a day on platforms such as By Rotation.

Growing number of fakes

Not only have the dolls risen to extremely high prices, there is huge number of counterfeits arriving in the UK.

Out of the 259,000 fake toys that arrived in the UK this year, 90% have been Labubu dolls.

Experts value this haul at nearly £3.3million.

Many of these toys fail safety checks for banned chemicals and pose significant choking hazards.

However, despite these safety concerns, IPO research said that 92% of customer we’re aware they we’re buying counterfeit products, but that the price was more important.

How to avoid buying fake toys

Many customers are not aware that they are buying fakes, but the IPO research found that 58% would think twice before purchasing if they knew the safety risks.

Customers should stick to there trusted retailers and official branded websites to avoid purchasing fakes.

Additionally, prices that look ‘to good to be true’ are likely to imply a fake item.

You should also look thoroughly through the reviews before purchasing, look beyond the first few.

When the toy arrives you should look for a UKCA safety mark and a UK or EU contact on the pacakaging.

The packaging should also look of high standard and not have any immediate signs of wear.

For Labubu’s particular, collectors suggest looking for signs such as brightness of the packaging, pop mart stamp on their foot, number of teeth of the dolls should have (nine) and the presence of the a QR code, to ensure the validity of the doll.

What to watch out for when buying toys online

HERE are the British Toy and Hobby Association’s top tips for buying toys online:

  1. Shop early. Don’t leave purchases to the last minute rush which might leave you fewer options of where to buy from.
  2. Check out third-party sellers. Look for sellers you recognise and trust. Be cautious of retailers you don’t know and do your research checking reviews and where they’re based.
  3. Go for branded toys. Try and choose a branded toy as then you can compare it to the manufacturer’s own website to check it’s legit.
  4. Be careful of going for the cheapest price. If something looks too good to be true, it probably is.
  5. Check if there are any age restrictions. Make sure you give suitable toys to children based on their age.
  6. Check reviews carefully. Some reviews are fake so look carefully at the comments.
  7. Stay with children at first. When your child opens a toy for the first time, stay with them and check for faults, detachable small parts, access to stuffing and loose or accessible batteries or magnets.

Source link

Stock Market Today: Wall Street Extends Slide as Inflation Gauge Nears

Wall Street drifted lower Thursday, with traders balancing economic resilience against softer hiring ahead of a closely watched inflation report.

^SPX Chart

Data by YCharts.

The S&P 500 (^GSPC -0.50%) fell 0.5% to 6,604.72, while the Nasdaq Composite (^IXIC -0.50%) declined 0.5% to 22,384.70. The Dow Jones Industrial Average (^DJI -0.38%) slipped 0.4% to 45,947.32. It was the third straight session of losses, with yields hovering near recent highs and traders reluctant to add risk ahead of key inflation data.

Attention is turning to Friday’s release of the Personal Consumption Expenditures (PCE) price index, considered the Fed’s preferred measure of inflation. The reading will help determine whether policymakers maintain a cautious stance on rate cuts after Chair Jerome Powell recently emphasized patience.

Economic signals added to the mixed picture. Jobless claims fell this past week, but hiring remains muted, pointing to a labor market losing steam. At the same time, second-quarter GDP was revised higher, underscoring resilience in growth despite tighter financial conditions.

On the corporate front, Intel (INTC 8.82%) rose 8.9% on reports of investment talks with Apple, while IBM (IBM 5.31%) gained 5.2% on results from a quantum computing trial with HSBC. CarMax (KMX -19.96%) tumbled 20% after missing earnings expectations and warning on weak sales trends.

Market data sourced from Google Finance on Thursday, Sept. 25, 2025.

HSBC Holdings is an advertising partner of Motley Fool Money. Daily Stock News has no position in any of the stocks mentioned. This article was generated with GPT-5, OpenAI’s large-scale language generation model and has been reviewed by The Motley Fool’s AI quality control systems. The Motley Fool has positions in and recommends Apple, CarMax, Intel, International Business Machines, and Nvidia. The Motley Fool recommends HSBC Holdings and recommends the following options: short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy.


Source link

1 Reason Wall Street Is Obsessed With Synopsys Stock

This technology company’s share price crashed recently, creating a buying opportunity for investors.

Electronic design automation (EDA) and engineering simulation software company Synopsys (SNPS -4.08%) recently released a disappointing set of third-quarter earnings, resulting in a collapse in its share price. As ever, Wall Street analysts immediately rushed to lower price targets.

But here’s the thing. Generally, the adjusted price targets remain significantly above the current price. Of the 22 analysts covering the stock, 18 have “buy” or “outperform” ratings, while one has an “underperform” rating.

Wall Street still loves Synopsys

The price targets on the post-earnings analyst updates range from Piper Sandler’s $630 to Berenberg’s $500. This compares to the current price of almost $500 and a post-earnings price of below $390.

One possible reason why Wall Street remains obsessed (in a good way) with the stock is that the problems revealed in the update relate to its smaller Design Intellectual Property (IP) segment. In contrast, its core EDA segment (sales up 23.5% year over year) is performing well, and the exciting recent addition of engineering simulation software company Ansys adds a new growth dimension.

The idea is that Ansys’ broader range of end-market customers will naturally align with Synopsys’ core EDA business as more industries and customers begin to incorporate semiconductors and AI-driven applications into their products. As such, the opportunity to offer what Synopsys management calls “silicon to systems” solutions to customers has a natural appeal. Customers can both design chips with Synopsys’ EDA and test the interactions between these chips and their embedded products.

Hiker on rock, looking into distance with telescope.

Image source: Getty Images.

Where next for Synopsys?

It will take time for management to turn things around in the Design IP segment, but a few quarters of ongoing growth in EDA, combined with the successful integration of Ansys, will help strengthen the long-term case for the company. Wall Street believes that the potential of the latter outweighs the downside risk associated with the former.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Synopsys. The Motley Fool has a disclosure policy.

Source link