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  • Babcock, Rolls-Royce and BAE Systems Shares Slump Amid High Valuations and Profit-Taking
    May 1, 2026, 6:56 AM EDT. April saw a sharp decline in shares of defence giants BAE Systems (-12.5%) and Babcock International (-14.8%) despite high order backlogs exceeding £80bn and £10bn respectively. Rolls-Royce, with a broader business including aerospace and power systems, posted strong Q1 results and saw a 7.6% day gain but still ended April down 7.56%. The FTSE 100 remained flat, ruling out a market-wide cause. Experts point to profit-taking and expensive valuations, with price-to-earnings ratios near 27-44, as drivers. Despite short-term weakness and concerns over European defence spending, the recent pullback may present a buying opportunity for long-term investors seeking exposure in the defence sector.

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1 May 2026
LIVEMarkets rolling coverageStarted: May 1, 2026, 12:00 AM EDTUpdated: May 1, 2026, 7:03 AM EDT Babcock, Rolls-Royce and BAE Systems Shares Slump Amid High Valuations and Profit-Taking May 1, 2026, 6:56 AM EDT. April saw a sharp decline in shares of **defence giants BAE Systems** (-12.5%) and **Babcock International** (-14.8%) despite high order backlogs exceeding £80bn and £10bn respectively. **Rolls-Royce**, with a broader business including aerospace and power systems, posted strong Q1 results and saw a 7.6% day gain but still ended April down 7.56%. The FTSE 100 remained flat, ruling out a market-wide cause. Experts point to **profit-taking and
Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

1 May 2026
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting fiscal Q3 revenue of $5.95 billion, up 251% from a year earlier, and net income of $3.62 billion. The company announced a $6 billion buyback and forecast Q4 revenue of up to $8.25 billion. Gross margin rose to 78.4%. Shares had closed at $1,096.51 before slipping to about $1,030.
Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

1 May 2026
Apple reported fiscal Q2 revenue of $111.2 billion and earnings of $2.01 per share, beating analyst estimates. The board approved a $100 billion share buyback and raised the dividend. Shares fell about 1% after hours as iPhone sales missed forecasts and chip supply remained tight. Investors are watching for clarity on AI strategy and the upcoming CEO transition to John Ternus.
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