In this article BRK.B .SPX 8002.T-JP 8053.T-JP BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Abel knows Berkshire cold, but some miss the Buffett magic He's no Warren Buffett, and thankfully, he's not tr...
In this article BRK.B .SPX 8002.T-JP 8053.T-JP BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Abel knows Berkshire cold, but some miss the Buffett magic He's no Warren Buffett, and thankfully, he's not trying to be Warren Buffett. But Greg Abel is getting decent, if not spectacular, reviews for leading his first annual shareholders meeting as CEO . He's not the draw that Buffett and Munger have been over the years, with the CHI Health Center arena in Omaha a bit more than half full, although that turnout is still spectacular compared to the typical corporate annual meeting. Abel's detailed knowledge about Berkshire's operating businesses won praise, but the unexplained absence of substantial buybacks and a lack of clarity on the future of the equity portfolio and Berkshire's big cash pile are coming up as negatives. Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. Check Capital Management Steve Check listed the positives for CNBC.com's Yun Li: "Very solid. No misspoke words. Thorough answers. Nice guy, but we sure don't have the laughs that we had with Warren and Charlie." Barron's Berkshire watcher, Andrew Bary, gave Abel a "B-plus" but thinks he "needs improvement on his delivery — too many rambling answers — and on capital allocation messaging." He also warns Abel's "solid performance" could be overshadowed by Berkshire's "trivial" stock repurchases of just $234 million in the first quarter, despite its March announcement that buybacks had "resumed." In a video interview with Yahoo Finance , CFRA Research analyst Cathy Seifer called Abel's performance "okay." "Greg obviously has big shoes to fill and he's a very capable business leader," but she thinks Berkshire needs to do a better job "a...
World No 2 is not against return: ‘Just good business’ Circuit’s future is uncertain after Saudi withdrawal DeChambeau has denied claims of PGA Tour talks Rory McIlroy is no longer opposed to LIV Golf players returning to the PGA Tour, but he said Friday that “it’s a question of if they do want to come back”. McIlroy said the answer will probably depend on what happens with LIV’s financial situati...
World No 2 is not against return: ‘Just good business’ Circuit’s future is uncertain after Saudi withdrawal DeChambeau has denied claims of PGA Tour talks Rory McIlroy is no longer opposed to LIV Golf players returning to the PGA Tour, but he said Friday that “it’s a question of if they do want to come back”. McIlroy said the answer will probably depend on what happens with LIV’s financial situation in the coming months. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Honeywell ( HON ) announced that its quantum computing company, Quantinuum, submitted a registration statement on Form S-1 with the SEC in preparation for a proposed initial public offering in the U.S. According to the filing, the firm, majority-owned by Honeywell ( HON ), intends to sell shares of its Class A common stock as part of a listing on the Na...
JHVEPhoto/iStock Editorial via Getty Images Honeywell ( HON ) announced that its quantum computing company, Quantinuum, submitted a registration statement on Form S-1 with the SEC in preparation for a proposed initial public offering in the U.S. According to the filing, the firm, majority-owned by Honeywell ( HON ), intends to sell shares of its Class A common stock as part of a listing on the Nasdaq Global Select Market under the ticker symbol "QNT." Quantinuum has yet to finalize the number of shares and the price range for the proposed offering, for which J.P. Morgan and Morgan Stanley serve as joint lead active book-running managers. Jefferies and Evercore ISI also function as active book-running managers. In February, the company confidentially filed paperwork for the offering following a fundraising round that valued it at roughly $10B in September. Quantinuum, established in 2021 through a combination of Honeywell's ( HON ) quantum computing business and Cambridge Quantum, generated $192.6M net loss on $30.9M revenue last year, indicating a ~34% YoY and ~35% YoY rise, respectively. More on Honeywell International Honeywell International Inc. 2026 Q1 - Results - Earnings Call Presentation Honeywell International Inc. (HON) Q1 2026 Earnings Call Transcript Brady: Doubling Down With Honeywell's Productivity Business Dividend Roundup: Apple, Citigroup, General Motors, and more Merion Road Capital adds HON and FEIM
Andrii Dodonov/iStock via Getty Images Why is passive income so important for financial freedom? First, let's define what financial freedom is. Sure, it will vary a lot from person to person. But, in simple terms, if you have a passive income source that can cover your basic living expenses (not including luxuries), you are financially independent. In other words, you do not depend on earning an i...
Andrii Dodonov/iStock via Getty Images Why is passive income so important for financial freedom? First, let's define what financial freedom is. Sure, it will vary a lot from person to person. But, in simple terms, if you have a passive income source that can cover your basic living expenses (not including luxuries), you are financially independent. In other words, you do not depend on earning an income by way of a day job or profession. It does not mean that you are ready to retire, as that may be a different milestone. Also, even if you are financially independent, you may still want to work in your profession as it brings purpose to life, extra comforts, and increases your savings to face future uncertainties. So, in a nutshell, financial freedom can be defined in two words: passive income. The beauty of passive income is that it is generated without any regular work, every day of the year, and even when you are sleeping. When you have achieved a certain amount of passive income, it takes a lot of financial stress out of your life and eventually allows you the choice of living your life on your own terms. While it is important to increase your passive income on a continuous basis, your living expenses also play an important part. After all, it is a balancing act between expenses and passive income. Another factor that can play an important role in balancing the passive income with the living expenses is the income yield that you can generate from your savings capital. We all know that if you try to chase investments that yield too high, it usually comes at the cost of your own capital. The investment may be paying you a very high yield while reducing your initial capital. So, it is best not to be too greedy. How much passive income can you generate? It is a function of your savings capital and the income yield that is being provided. The more conservative you are, the higher the investment capital you would need. For most folks, it is best to be in the middle (mod...
Robert Way/iStock Editorial via Getty Images One of the more intriguing companies out there these days has got to be Alibaba Group Holding Limited ( BABA ). As a major player in the Chinese e-commerce and cloud computing markets, it has grown into a massive firm during its lifetime. The company is currently worth $316.84 billion. And yet, not too long ago, it was worth even more. Back in February ...
Robert Way/iStock Editorial via Getty Images One of the more intriguing companies out there these days has got to be Alibaba Group Holding Limited ( BABA ). As a major player in the Chinese e-commerce and cloud computing markets, it has grown into a massive firm during its lifetime. The company is currently worth $316.84 billion. And yet, not too long ago, it was worth even more. Back in February of this year, I reaffirmed the business as a ‘hold’ candidate. At the time, the stock had already been falling because of declining profitability. However, I did inform my readers that this was the result of continued investments being made by management aimed at boosting long term growth. Revenue had still been on the rise, which was encouraging. But shares were no longer cheap enough to justify the bullish view that I did have at one point in the past. From that time through today, the stock has fallen 10.4% while the S&P 500 is up 8.5%. Even though revenue continues to grow, profitability is taking a hit. Although this is disappointing, I wouldn't say that it justifies adopting a bearish stance at this moment. But my opinion on the matter could change as new data rolls in. It just so happens that, before the market opens on May 13th, management will be announcing financial results for the final quarter of the company's 2026 fiscal year. As we approach that date, analysts believe that revenue will continue its ascent while profitability declined further. However, the assumption that this weakness will continue in the near term is already baked into my assessment of the firm. So unless something major and unexpected comes out of the woodwork, I will stick with my ‘hold’ rating. Sticking to my guns Author - SEC EDGAR Data As of right now, the newest data that investors have access to when it comes to Alibaba would be data covering through the third quarter of the company's 2026 fiscal year . These results were released back in March. In the chart above, you can see key fina...
kokkai/iStock Unreleased via Getty Images The stock market in 2026 has been undeniably volatile, but amid extreme choppiness, the best move for investors to make is to deploy active portfolio management. In my view, though the S&P 500 is roughly ~flat since the start of the year, tremendous value-buying opportunities have emerged in stocks that have seen a sharp erosion in share prices since the s...
kokkai/iStock Unreleased via Getty Images The stock market in 2026 has been undeniably volatile, but amid extreme choppiness, the best move for investors to make is to deploy active portfolio management. In my view, though the S&P 500 is roughly ~flat since the start of the year, tremendous value-buying opportunities have emerged in stocks that have seen a sharp erosion in share prices since the start of the year. Sea Limited ( SE ), the Singaporean internet conglomerate that runs the Garena gaming studio and Shopee e-commerce site, has been a major laggard this year. A former Wall Street darling, Sea has shed ~35% of its value since January alone, while also being down more than 50% relative to highs above $190 notched last September. Data by YCharts I last wrote a buy article on Sea in early March, when the stock had just fallen from the ~$100s after its Q4 earnings disaster. I'll cut to the chase: Sea is one of the highest-conviction positions in my portfolio, and amid further downside for the stock, I'm raising my rating to a strong buy. The next major catalyst for Sea is its Q1 earnings print, due on May 12. We think the combination of low expectations plus Sea's own more appealing value proposition (especially in the wake of a very crowded and expensive semiconductor trade) will spark a post-earnings relief rally here. Shopee Profitability Concerns Are Premature; Core Rivals Are Focused on Profitability Let's first address the main reason why Sea shares have fallen sharply since reporting results in early March. As usual investors were principally concerned with the company's anecdotal guidance for calendar 2026: Sea guidance (Sea Q4 earnings deck) As shown above, the concerning statement for the market was Sea's prognosis that Shopee would grow GMV by "around 25%", but only achieve nominal adjusted EBITDA "no lower than 2025". As shown in the chart below, in FY25 Sea's Shopee segment generated $880.6 million of adjusted EBITDA, which represented a 0.7% margin...
IherPhoto/iStock via Getty Images Buenaventura ( BVN ) has reported quite strong results if we take into account figures such as net income of $335M, which represents +139% YoY quarterly, EBITDA of $386M with +206% YoY, and, for the first time in several years, a net cash position. With these results alone, and in another context, it would already have been enough to push the share price higher, e...
IherPhoto/iStock via Getty Images Buenaventura ( BVN ) has reported quite strong results if we take into account figures such as net income of $335M, which represents +139% YoY quarterly, EBITDA of $386M with +206% YoY, and, for the first time in several years, a net cash position. With these results alone, and in another context, it would already have been enough to push the share price higher, especially if we also take into account the macro context that exists today and that I believe few Peruvian miners have ever seen. And I am clearly referring to gold trading almost at $4,700/oz, silver at $80/oz and copper close to $13,696/MT, that is, the three metals practically at all-time highs or close to them. And for a company that reported operating losses from 2019 to 2023, and that reached $487M in net debt, the tailwind is quite evident. buenaventura.com We also have an important piece of news with the initial ramp-up of San Gabriel, which we will discuss in the next section, and which has already received the last pending permit, the water license for the Agani dam. This gold mine located in Moquegua has already absorbed more than $1B in CapEx since 2022, and with this authorization from the National Water Authority, they can now operate at scale in what is expected to be an initial production of 1,686 oz of Au as a calibration phase. As can be seen, everything seems favorable for BVN, and yet the multiples are somewhat below the most direct comparables I have identified, with a share price that seems to be creating a structure of lower highs and lower lows. Something that, from a technical standpoint, is not worrying as long as the $30 level is not lost. The answer may lie around several risks that, after carrying out my research, I have identified as country risk, execution risk at San Gabriel, and an operating risk dependent on spot prices at historical levels. So let’s try to quantify them and shed more light on them. San Gabriel: The Structural Catalyst We s...
Ford (NYSE: F) CEO Jim Farley has signaled the company’s direction: “We need to do a great job as a brand, and as an industry, to make our vehicles more affordable. I think you’re certainly going to see that at Ford over the next couple of years.” For a stock held largely for its 4.9% ... Jim Farley Has Promised Cheaper Fords. Here’s What That Means for Investors.
Ford (NYSE: F) CEO Jim Farley has signaled the company’s direction: “We need to do a great job as a brand, and as an industry, to make our vehicles more affordable. I think you’re certainly going to see that at Ford over the next couple of years.” For a stock held largely for its 4.9% ... Jim Farley Has Promised Cheaper Fords. Here’s What That Means for Investors.
The world is focused on oil and natural gas prices because of the geopolitical conflict in the Middle East. That makes a lot of sense given the importance of these fuels to the global economy. However, the real growth in the broader energy sector is still driven by rising demand for cleaner energy alternatives. There are many ways to invest in clean energy, but one of the fastest-growing businesse...
The world is focused on oil and natural gas prices because of the geopolitical conflict in the Middle East. That makes a lot of sense given the importance of these fuels to the global economy. However, the real growth in the broader energy sector is still driven by rising demand for cleaner energy alternatives. There are many ways to invest in clean energy, but one of the fastest-growing businesses in the sector right now is Bloom Energy (NYSE: BE) . At the other extreme of the investment spectrum is Brookfield Renewable (NYSE: BEP) , which is more focused on returning value to shareholders via steadily growing distribution payments. Which one is a better choice? Image source: Getty Images. Continue reading
Europe Sees 'Hyper-Concentration' Of Crypto 'Wrench Attacks' As Losses Hit $101 Million Authored by Stephen Katte via CoinTelegraph.com, Estimated losses from global crypto wrench attacks reached $101 million in the first four months of 2026, with most attacks occurring in Europe, according to Web3 security company CertiK. With just 34 documented crypto wrench attacks, the losses have nearly doubl...
Europe Sees 'Hyper-Concentration' Of Crypto 'Wrench Attacks' As Losses Hit $101 Million Authored by Stephen Katte via CoinTelegraph.com, Estimated losses from global crypto wrench attacks reached $101 million in the first four months of 2026, with most attacks occurring in Europe, according to Web3 security company CertiK. With just 34 documented crypto wrench attacks, the losses have nearly doubled those of 2025, which came in at $52.2 million. Europe accounted for 82% of incidents, according to CertiK. “Our 2025 report documented a gradual tilt from Asia and North America toward Europe, and these first four months of 2026 mark a European hyper-concentration.” The frequency of wrench attacks has increased since 2025 . They involve physical force to gain access to a victim’s crypto holdings and have taken the form of home invasions, kidnappings and other extortion attempts. CertiK said there have been 34 attacks since the start of the year. If the trend continues, CertiK predicts that by year-end the number of incidents could hit 130, and losses could reach “several hundred million dollars.” There have been 34 verified wrench attacks worldwide since the start of the year. Source: CertiK France is an epicenter of wrench attacks Of the attacks, 24 crypto wrench attacks occurred in France this year, said CertiK. France’s National Prosecutor's Office for Organized Crime has reported a higher figure of 47 incidents in 2026. CertiK said France has likely emerged as a hot spot for these kinds of criminals because of the presence of crypto executives from major crypto companies such as Ledger, Paymium and Binance. Crypto holders in France are being targeted more than anywhere else in the world. Source: CertiK It also pointed to numerous data leaks, such as the January breach at crypto accounting firm Waltio and tax official Ghalia C, who is accused of selling crypto asset holder data to criminal networks, and “a culture of flexing and voluntary doxxing that remains deeply e...
simonkr/E+ via Getty Images Gray Media ( GTN ) reported Q1 results yesterday which we thought were pretty much in line with expectations when accounting for the outlier events that occurred during the quarter. Shares sold off sharply, and we found ourselves purchasing additional shares for client and personal accounts due to our belief that 2026 is going to be a strong year for the Company and inv...
simonkr/E+ via Getty Images Gray Media ( GTN ) reported Q1 results yesterday which we thought were pretty much in line with expectations when accounting for the outlier events that occurred during the quarter. Shares sold off sharply, and we found ourselves purchasing additional shares for client and personal accounts due to our belief that 2026 is going to be a strong year for the Company and investors will soon see deleveraging show up in the numbers. While casual followers or quant traders may have sold on the news, focusing on headline figures without considering the context behind those numbers, we think that was a short-sighted trade. After reviewing the conference call and comparing it to our estimates, we came to the conclusion that Gray Media shares were once again in buy territory and were able to redeploy funds from recent sales of Gray shares that we did starting on April 16th. So what were the key takeaways from Q1 results? 'Phantom' Misses Everyone should have known that Net Retransmission Revenue and Corporate Expenses were going to be higher in Q1, yet the headlines would have you believe that this was a total surprise. Apparently the market was also surprised by Total Revenue figures not beating the high-end, even though it missed by just $2 million. We think focusing on just a few high level numbers misses the big picture, especially when not factoring in the cause. Those who follow the industry, and more specifically the Company, knew that revenues (both total and net retransmission) were going to be impacted due to the dispute with Dish (which led to a blackout on their system), and the miss on net retransmission revenues are what led to total revenues not coming in above the upper range of previous guidance. Gray Media's results met or beat guidance on many metrics, however the dispute with Dish really did impact net retransmission revenues and total revenues. (Gray Media Q1 Investor Presentation) Corporate expenses coming in roughly 10% higher ...
watch now VIDEO 2:15 02:15 Homes could become mini data centers to power AI growth Morning Call Data centers are gobbling up land , driving up electric bills , and becoming a lightning rod for public discontent over big tech's power in society. Maine's legislature recently passed a data center ban in the state (but failed to override the governor's veto). According to the National Conference of St...
watch now VIDEO 2:15 02:15 Homes could become mini data centers to power AI growth Morning Call Data centers are gobbling up land , driving up electric bills , and becoming a lightning rod for public discontent over big tech's power in society. Maine's legislature recently passed a data center ban in the state (but failed to override the governor's veto). According to the National Conference of State Legislatures, 14 states spanning the political spectrum from Oklahoma to New York are considering legislation that would ban or pause new data centers, as public opinion on AI has increasingly shifted to the negative. Still, despite the qualms of the public and politicians, there's a torrent of capital for building new data centers. The biggest technology companies in the U.S. are on pace to spend as much as $1 trillion annually by 2027 on AI, according to recent Wall Street estimates. Globally, a recent McKinsey report forecasts spending on data centers will hit $7 trillion by 2030. At the same time, the idea of putting data centers closer to consumers, even onto and into their homes, is gaining traction in real estate circles. Major players in housing, including homebuilder PulteGroup , are in early testing with Nvidia and California-based startup Span to install small fractional data center "nodes" on the exterior walls of newly built homes, according to recent reporting from CNBC's Diana Olick. The question of whether that model can scale, and whether homeowners, HOAs, and regulators will approve it, is up for debate. Experts point to some benefits to home-based data centers, with the home-based grid allowing for less construction needed on new ones and greater energy efficiency. "It is technically possible and already being explored," said Balaji Tammabattula, chief operating officer at BaRupOn, a U.S.-based energy and technology company currently building out a data center campus in Liberty County, Texas. He said just as a home computer can contribute processing p...
Virtuix (NASDAQ:VTIX) executives outlined the company’s consumer, enterprise and defense strategy during an investor webinar, while also addressing recent volatility in the company’s share price. Founder, CEO and Chairman Jan Goetgeluk said the stock’s recent decline was “gut-wrenching,” noting tha
Virtuix (NASDAQ:VTIX) executives outlined the company’s consumer, enterprise and defense strategy during an investor webinar, while also addressing recent volatility in the company’s share price. Founder, CEO and Chairman Jan Goetgeluk said the stock’s recent decline was “gut-wrenching,” noting tha
Powering Up: UGI Banks $685M in Strategic TurnaroundAtmos Energy (NYSE:ATO) raised its fiscal 2026 earnings guidance after reporting higher first-half profit, citing rate increases, customer growth, benefits from Texas regulatory changes and stronger revenue from its Atmos Pipeli
Powering Up: UGI Banks $685M in Strategic TurnaroundAtmos Energy (NYSE:ATO) raised its fiscal 2026 earnings guidance after reporting higher first-half profit, citing rate increases, customer growth, benefits from Texas regulatory changes and stronger revenue from its Atmos Pipeli
StevanZZ/iStock via Getty Images On Monday, May 4, 2026, natural gas-focused pipeline and midstream giant The Williams Companies, Inc. ( WMB ) announced its first quarter 2026 earnings results. At first glance, these results were fairly solid, as The Williams Companies missed the expectations of its analysts in terms of revenue, but its earnings beat their estimates on both a GAAP and a non-GAAP b...
StevanZZ/iStock via Getty Images On Monday, May 4, 2026, natural gas-focused pipeline and midstream giant The Williams Companies, Inc. ( WMB ) announced its first quarter 2026 earnings results. At first glance, these results were fairly solid, as The Williams Companies missed the expectations of its analysts in terms of revenue, but its earnings beat their estimates on both a GAAP and a non-GAAP basis: Seeking Alpha Admittedly, the revenue miss might be disappointing, but the company’s service revenue and product sales were both well ahead of what it had in the corresponding quarter of last year. This was not due to the recent surge in crude oil prices, as some might assume. The Williams Companies is a midstream company that primarily makes its money by transporting natural gas from place to place. Its revenues are mostly based on the volume of resources that it transports, not on their value. In addition to this, The Williams Companies is primarily focused on natural gas, not crude oil, and natural gas prices have not soared nearly as much as crude oil prices have (in fact, the price of natural gas at Henry Hub is down significantly since the start of the year). However, the fact that The Williams Companies is not benefiting from the recent surge in energy prices as much as some other companies, such as Exxon Mobil ( XOM ) or Diamondback Energy ( FANG ), are does not mean that the company is a bad choice for energy investors today. In fact, The Williams Companies has a very bright future ahead of it. However, the company’s valuation is arguably looking very stretched at the current price, so investors might want to consider using caution if they would like to buy it. First Quarter 2026 Earnings Discussion And Analysis For The Williams Companies Here are the highlights from The Williams Companies’ first quarter 2026 earnings report: The Williams Companies brought in total revenue of $3.030 billion for the first quarter of 2026. This represents a 0.59% decrease over ...