Invesco Ltd is a global investment management firm that specializes in providing a wide range of investment solutions and services to institutional and retail clients. The company offers various products, including mutual funds, exchange-traded funds (ETFs), and private investment portfolios, designed to meet the diverse needs of investors. Invesco's investment strategies span multiple asset classes, including equities, fixed income, real estate, and alternative investments, and they emphasize a client-centered approach focused on delivering long-term financial results. Additionally, the firm is committed to responsible investment practices and incorporates environmental, social, and governance (ESG) factors into its investment decisions, aiming to create sustainable value for its clients and the broader community. Read More
Tesla’s shares led gains among the Magnificent 7 stocks following a steep sell-off on Thursday amid CEO Elon Musk’s public clash with President Donald Trump.
While health care added 62,000 jobs in May, higher than the average monthly gain of 44,000 over the prior 12 months, leisure and hospitality added 48,000 jobs, and social assistance added 16,000.
Although Griffin acknowledged that prices have been impacted by some liquidity issues in the credit default swaps (CDS) market, he called the conversations surrounding the swap prices “unfathomable.”
Toro Q2 sales down 2% Y/Y to $1.32B, missing consensus of $1.35B. Residential segment sales fell 11.4%, segment earnings down to $16.1M from $36.1M. Professional segment sales up 0.8%, segment earnings up to $202.1M from $190.7M. Adjusted EPS of $1.42 (+1% Y/Y), beating consensus of $1.40. Toro lowers FY25 adjusted EPS guidance to $4.15-$4.30, sees net sales growth of flat to -3%. TTC shares down 3.14% at $73.19. Invesco Water Resources ETF (PHO) and Neuberger Berman Small-Mid Cap ETF (NBSM) provide exposure to the stock.
According to ABC News, the Tesla and SpaceX CEO has privately objected to the Trump administration’s proposed rollback of electric vehicle tax credits – a move that could disproportionately harm Tesla.
According to a report, $8.3 billion of the cuts will be from foreign aid, and $1.1 billion will be taken away from the Corporation for Public Broadcasting.
Among the key catalysts for the day is ADP’s private payrolls report for May, which is expected to show job gains of 110,000 compared to 62,000 in April.
