Morgan Stanley believes that immediate concerns about artificial intelligence look premature when it comes to Booking Holdings . The bank upgraded the travel technology company to overweight from equal weight. Analyst Brian Nowak lowered his price target to $5,500 from $6,150, though the new forecast still signals a gain of 42%. Shares of Booking have plunged 23% over the past 12 months and 28% th...
Morgan Stanley believes that immediate concerns about artificial intelligence look premature when it comes to Booking Holdings . The bank upgraded the travel technology company to overweight from equal weight. Analyst Brian Nowak lowered his price target to $5,500 from $6,150, though the new forecast still signals a gain of 42%. Shares of Booking have plunged 23% over the past 12 months and 28% this year alone. But Nowak is less concerned about artificial intelligence threatening Booking than the recent sell-off might imply. BKNG 1Y mountain BKNG 1Y chart "We see BKNG staying a key driver of travel even as agentic tools evolve. BKNG will still own the customer, capture robust traveler data and use those to drive high margin direct business," he wrote. "Agents also need BKNG's leading inventory, giving BKNG leverage." Nowak noted that while generative AI will create new products, these early agentic travel products are developing differently than investors had necessarily expected. For instance, they still seem to divert traffic to online travel agencies, or OTAs, like Booking for purchase, and still share data with such websites in exchange for access to their critical inventory, Nowak wrote. "We see OTAs' ability to remain the merchant of record and still capture consumer browsing and purchase data as being key to their long-term business ... as in effect, we think the stage is setting up for BKNG and the OTAs to remain just as critical to the long-term online travel landscape as they are now," the analyst said. "We think the online travel industry structure is likely to stay closer to paid search than currently appreciated ... as the OTAs will integrate their inventory into agents, bid on advertising to win traffic and transactions ... and subsequently work to convert this traffic to future direct customers." Nowak nodded to Booking's more than 20-year history of leading execution in this type of environment, and expects the company to continue leading the charge ...
LITTLE ROCK, Ark., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced operating results for the 13 and 52 weeks ended January 31, 2026. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements included below under “Forward-Looking Information.”
LITTLE ROCK, Ark., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced operating results for the 13 and 52 weeks ended January 31, 2026. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements included below under “Forward-Looking Information.”
(RTTNews) - Elanco Animal Health, Inc. (ELAN) reported Tuesday a net loss of $276 million or $0.56 per share for the fourth quarter, sharply wider than $8 million or $0.02 per share in the prior-year quarter.
(RTTNews) - Elanco Animal Health, Inc. (ELAN) reported Tuesday a net loss of $276 million or $0.56 per share for the fourth quarter, sharply wider than $8 million or $0.02 per share in the prior-year quarter.
MacroGenics ( MGNX ) fell ~18% in the premarket on Tuesday after the cancer drug developer announced that the U.S. FDA has imposed a partial clinical hold on a mid-stage trial for its lead asset, lorigerlimab. The agency has initiated the partial clinical hold on the Phase 2 LINNET study after the company notified it of certain safety events observed in four patients who received lorigerlimab, Mac...
MacroGenics ( MGNX ) fell ~18% in the premarket on Tuesday after the cancer drug developer announced that the U.S. FDA has imposed a partial clinical hold on a mid-stage trial for its lead asset, lorigerlimab. The agency has initiated the partial clinical hold on the Phase 2 LINNET study after the company notified it of certain safety events observed in four patients who received lorigerlimab, MacroGenics ( MGNX ) said in a statement on Monday after the close. According to the company, the safety events ranged from Grade 4 thrombocytopenia, Grade 4 myocarditis, and Grade 4 neutropenia to septic shock, which resulted in a Grade 5 event. As part of LINNET, which is designed to evaluate loriglimab in patients with gynecologic cancers, 41 subjects have received 6 mg/kg of the drug every three weeks so far. Until the FDA lifts the partial hold, the company will not be allowed to enroll new patients in the trial. Existing patients will continue to receive the experimental therapy. More on MacroGenics Incyte wins EU backing for MacroGenics-partnered cancer drug in GIT indication Seeking Alpha’s Quant Rating on MacroGenics Historical earnings data for MacroGenics Financial information for MacroGenics
Geely Auto – assembler of mainland China’s bestselling pure electric vehicle (EV), the Galaxy Xingyuan – said it is betting on longer-range and faster-charging technologies, rather than price cuts, to consolidate its leading position in the world’s largest car market. Jerry Gan Jiayue, CEO of the firm’s car subsidiary, pledged that the carmaker, as a bellwether player, would “oppose involution”, w...
Geely Auto – assembler of mainland China’s bestselling pure electric vehicle (EV), the Galaxy Xingyuan – said it is betting on longer-range and faster-charging technologies, rather than price cuts, to consolidate its leading position in the world’s largest car market. Jerry Gan Jiayue, CEO of the firm’s car subsidiary, pledged that the carmaker, as a bellwether player, would “oppose involution”, while staying committed to driving the growth of China’s automobile sector. Involution refers to...
Ferguson Enterprises Inc. press release ( FERG ): Q4 Non-GAAP EPS of $2.10 beats by $0.01 . Revenue of $7.5B (+3.7% Y/Y) beats by $40M . Calendar 2026 Guidance Calendar 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth (vs estimated growth of 4.31% Y/Y) Adjusted operating margin* 9.4% - 9.8% Interest expense ~$200 million Capital expenditures $350 - $400 million ...
Ferguson Enterprises Inc. press release ( FERG ): Q4 Non-GAAP EPS of $2.10 beats by $0.01 . Revenue of $7.5B (+3.7% Y/Y) beats by $40M . Calendar 2026 Guidance Calendar 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth (vs estimated growth of 4.31% Y/Y) Adjusted operating margin* 9.4% - 9.8% Interest expense ~$200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* ~26% * The Company does not reconcile forward-looking non-GAAP measures. See “Non-GAAP Reconciliations and Supplementary information”. Click to enlarge More on Ferguson Enterprises Inc. Ferguson: Capitalizing On The Infrastructure Supercycle While We Wait For Housing Ferguson: Stay Buy Rated As The Earnings Growth Runway Remains Clear Ferguson Enterprises Inc. 2026 Q1 - Results - Earnings Call Presentation Ferguson Enterprises Inc. declares $0.89 dividend ClearBridge Appreciation Strategy adds LHX, BSX, and ASMIY; exits CP, LEN, and TXN among Q4 moves
Thibault Renard The UK government said Tuesday streaming platforms like Netflix ( NFLX ), Amazon Prime Video ( AMZN ), and Disney+ ( DIS ) will have to adhere to accessibility rules set for traditional broadcasters by the communications services regulator, Ofcom, for the benefit of disabled people in the region. The move by the government requires streaming platforms to have at least 80% of their ...
Thibault Renard The UK government said Tuesday streaming platforms like Netflix ( NFLX ), Amazon Prime Video ( AMZN ), and Disney+ ( DIS ) will have to adhere to accessibility rules set for traditional broadcasters by the communications services regulator, Ofcom, for the benefit of disabled people in the region. The move by the government requires streaming platforms to have at least 80% of their total catalog subtitled, 10% audio-described, and 5% signed, which will aid 18M people across the UK with disabilities impacting their sight or hearing. UK ministers will work to create a new VoD accessibility code, which will set minimum requirements for accessibility features, the government said. "The government wants to ensure that UK viewers with disabilities can be confident that the appropriate accessibility requirements are in place, whether they tune in via traditional channels or a mainstream on-demand service," the government said in a statement. Large mainstream services will have four years to meet the requirements, with interim targets after two years. More on Netflix, Amazon, etc. Amazon: How I Learned To Stop Worrying And Love The CapEx Amazon: We Initiated A Position Amidst Tariff-Related Market Volatility Amazon: History Rhymes As E-Commerce Playbook Meets AI What they're saying about Paramount's bid for Warner Bros. Paramount reportedly submits new bid for Warner Bros. - Variety (update)
Life Time Group press release ( LTH ): Q4 Non-GAAP EPS of $0.34 beats by $0.01 . Revenue of $745.1M (+12.3% Y/Y) beats by $1.1M . Revenue increased 12.3% to $745.1 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particul...
Life Time Group press release ( LTH ): Q4 Non-GAAP EPS of $0.34 beats by $0.01 . Revenue of $745.1M (+12.3% Y/Y) beats by $1.1M . Revenue increased 12.3% to $745.1 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particularly in Dynamic Personal Training. Center memberships of 822,380 increased by 10,318, or 1.3%, when compared to December 31, 2024, and decreased by 18,242 from the third quarter 2025, consistent with seasonality expectations and continued shifts in membership mix. Total subscriptions, which include center memberships and our on-hold memberships, increased 0.8% to 872,936 as compared to December 31, 2024. We opened four new centers during the fourth quarter and a total of 10 centers for the year. As of December 31, 2025, we operated a total of 189 centers. FY26 revenue consensus of $3.32B Full-Year 2026 Guidance Percent Year Ending Year Ending Year Ended Change December 31, 2026 December 31, 2026 December 31, 2025 (Using (Guidance as of ($ in millions) (Guidance) (Actual) Midpoints) January 22, 2026) Total revenue $3,300 – $3,330 $2,995.3 10.7 % $3,300 – $3,330 Rent $378 – $388 $339.2 12.9 % $378 – $388 Net Income $330 – $336 $373.7 (10.9) % $330 – $336 Adjusted net income $369 – $378 $325.5 14.7 % $369 – $378 Adjusted EBITDA $910 – $925 $825.2 11.2 % $910 – $925 Click to enlarge More on Life Time Group Life Time Group Holdings: An Undiscovered Gem With Excellent Growth Life Time Group: Reasonable Valuation But Weak Moat Life Time Group Q4 2025 Earnings Preview Life Time rises 3%, guides Q4 topline above estimates Seeking Alpha’s Quant Rating on Life Time Group
Alexander Farnsworth Walmart has reached a record 72% grocery penetration in the United States, according to consumer tracking by retail research firm Dunnhumby. A Dunnhumby study attributed Walmart ( WMT ) hitting the milestone in part to deep and persistent financial insecurity among adults ages 18 to 54, with about 70% reporting difficulty covering a $400 unexpected expense, which is pushing ho...
Alexander Farnsworth Walmart has reached a record 72% grocery penetration in the United States, according to consumer tracking by retail research firm Dunnhumby. A Dunnhumby study attributed Walmart ( WMT ) hitting the milestone in part to deep and persistent financial insecurity among adults ages 18 to 54, with about 70% reporting difficulty covering a $400 unexpected expense, which is pushing households to prioritize affordability over other store attributes. Notably, Walmart's ( WMT ) grocery penetration rose 6 percentage points year over year, the largest gain of any retailer tracked. Remarkably, the retail giant chain now reaches beyond 190 million Americans each month, which is around 2.5X the reach of second-place Dollar General ( DG ). Dunnhumby highlighted that consumer concern about pricing has outlasted the peak of inflation, and shoppers are increasingly deliberate in how they use coupons, loyalty programs, and promotions to stretch budgets, suggesting that Walmart's ( WMT ) elevated grocery reach is underpinned by durable behavior changes rather than a temporary response to periodic price spikes. More on Walmart Walmart Q4 Results: A Rare Miss On Earnings Outlook, Shares Fairly Valued Walmart Q4: Too Expensive To Support Forward Operating Income Growth Expectations Sell Walmart Before It Loses Its $1 Trillion Valuation After the Supreme Court's tariff ruling, here's what could be next for stocks Walmart outlines 6% to 8% operating income growth for FY27 as automation and AI adoption accelerate
juststock/iStock via Getty Images Market Environment International small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth. For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares at NAV)( MISAX ) outperformed the ...
juststock/iStock via Getty Images Market Environment International small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth. For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares at NAV)( MISAX ) outperformed the benchmark. All regions were positive, with European equities outpacing their Asia-Pacific peers, largely due to easing trade tensions and resilient economic data. Israel was the highest-performing country in the index, rising 12.0% as optimism around potential peace developments supported expectations for an economic recovery. Canada posted gains of 10.6%, bolstered by higher precious metals prices. Finland rose 9.9% as investors responded to positive industrial activity and early signs of economic stabilization. South Korea climbed 7.7%, attributable to AI-related demand and reaching a favorable trade deal with the United States. On the downside, Hong Kong was the largest decliner, falling 10.6%, mainly driven by profit-taking. Germany fell 1.7%, but the economic outlook is improving as the government accelerates infrastructure investments. Eight out of the eleven sectors posted gains. Materials climbed 12.5% as precious metals had a strong quarter. Energy rose 5.9% despite declining oil prices, reflecting longer-term expectations of tightness between supply and demand. Financials posted gains of 5.4%, largely driven by strength in the banking industry. On the downside, Communication Services experienced the steepest decline, down 4.3% due to concerns of overvaluation. Portfolio Review Security selection was positive as excess returns were generated in four of five regions and seven of the eleven economic sectors. From a style perspective, the Fund’s overall exposure to value, business momentum, and quality factors contributed to relative performance, with value generating...