Stocks finished lower on Thursday after the Trump administration said it would impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union.
Intel (INTC - Get Report) is just about the undisputed leader in many chipmaking lines but a very profitable business unit is seeing some increased pressure. Intel's server CPU business is facing tougher competition than it has seen in years. A big reason for this: The traction AMD (AMD - Get Report) is seeing for its Epyc server CPU line, which has landed the backing of several top-tier server OEMs and cloud giants. A new server design win with Cisco Systems (CSCO - Get Report) showcases both Epyc's OEM traction and competitive strengths: Cisco's Epyc-powered servers deliver far more processing power density than its existing Intel-powered server lines, thanks in part to the flexibility of the Epyc platform. Intel still has a lot of competitive strengths of its own in this battle. However, AMD only needs to gain a moderate amount of share for its server revenue to shoot higher. And at current levels, such a revenue surge might not be fully priced into AMD's stock.
Next stop divestiture. That at least seems to be the fate for Greyhound, the bus company owned by U.K.-based transportation outfit FirstGroup plc. FirstGroup said Thursday that is has launched a review of its Greyhound business as the transport group's CEO steps down after the group swung into a loss for the full year. FirstGroup, which also has bus and rail operations in the U.K. and school bus services in the U.S., earlier this year rejected two takeover offers from Apollo Capital Management (APO - Get Report) , saying the bids undervalued the company. A sale of Greyhound is "just one potential course of action we will review amongst others," FirstGroup spokesperson Stuart Butchers told The Deal, TheStreet's sister publication, but no options have been ruled in or out.
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Photo of the day: Robust gains at Tiffany
TheStreet's resident chartist Bruce Kamich digs into the charts on 181-year-old Tiffany & Co. (TIF - Get Report) , the jewelry chain that has rocketed about 25% year-to-date and recently posted solid Q1 earnings a week ago. The jewelry giant bypassed analyst expectations, posting strong earnings. In the U.S., it saw net sales rise 9% to $425 million. While the U.S. is still Tiffany's strongest market, Asia is quickly gaining. Is it enough to power more gains? Kamich has the read. Read More
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