AndreyKrav/iStock Editorial via Getty Images Investment Thesis Terex Corporation ( TEX ) is expected to drive revenue growth with a strategic shift towards a less cyclical and more replacement-driven business. Additionally, the solid backlog and healthy demand in the end markets should support revenue growth. On the profitability front, the margins are expected to expand from productivity initiati...
AndreyKrav/iStock Editorial via Getty Images Investment Thesis Terex Corporation ( TEX ) is expected to drive revenue growth with a strategic shift towards a less cyclical and more replacement-driven business. Additionally, the solid backlog and healthy demand in the end markets should support revenue growth. On the profitability front, the margins are expected to expand from productivity initiatives, synergies from acquisition, and volume leverage. The company is trading at a discount of ~35% when compared to the sector median. Given these considerations, I recommend a Buy rating on the stock. Business Overview Terex is a global industrial producer of material processing machinery, waste and recycling solutions, and equipment for the electric utility industry. The company operates through business segments: Environmental Solutions, Material Processing, Aerials, and Specialty Vehicle. In the Environmental Solutions segment, the company manufactures waste, recycling, utility equipment and solutions, including products like hydraulic cart lifters, balers, compaction, recycling equipment, and waste hauler software solutions. Through the Materials Processing segment, the company provides materials processing and Specialty equipment, including crushers, screens, trommels, and carry cranes. In Aerials segments, the company manufactures aerial work platform equipment and telehandlers and also provides replacement parts. The Specialty Vehicle segment was created following the acquisition of the REV business. REV provides customised vehicle solutions for public services like ambulances and fire apparatus, commercial infrastructure (terminal trucks & industrial sweepers), and consumer leisure like recreational vehicles. Revenue Analysis & Outlook In the fourth quarter of FY2025, the net sales of the company stood at $1.3 billion, an increase of 6.2% year-over-year, driven by the higher sales in the Aerials and Utilities business. In the Environmental Solution segment, the net...
Nastco/iStock Editorial via Getty Images By Yaroslav Dmytrenko Bitcoin ( BTC-USD ) fell below $66,000 on Friday after hotter-than-expected U.S. producer inflation data triggered a broad sell-off in technology stocks. Rate cut hopes fade U.S. macroeconomic data released Friday showed that the Producer Price Index (PPI) rose 0.5% month-over-month in January, exceeding expectations of 0.3%. Core PPI,...
Nastco/iStock Editorial via Getty Images By Yaroslav Dmytrenko Bitcoin ( BTC-USD ) fell below $66,000 on Friday after hotter-than-expected U.S. producer inflation data triggered a broad sell-off in technology stocks. Rate cut hopes fade U.S. macroeconomic data released Friday showed that the Producer Price Index (PPI) rose 0.5% month-over-month in January, exceeding expectations of 0.3%. Core PPI, which excludes volatile food and energy prices, increased 0.8% for the month — also well above the 0.3% forecast. The renewed acceleration of inflation at the start of the year further delays potential Federal Reserve rate cuts, whose timing was already uncertain, and intensified the sell-off in major technology stocks. Companies such as Nvidia ( NVDA ), Broadcom ( AVGO ), Micron ( MU ), Salesforce ( CRM ), and Trade Desk ( TTD ) dropped more than 5%, dragging down major indices. The Dow Jones Industrial Average and Nasdaq Composite led losses, each falling 1.1%, while the S&P 500 declined 0.6%. In crypto-related equities, sentiment was further pressured after Jack Dorsey’s Block announced plans to cut 40% of its workforce, citing a strategic shift toward AI -driven operations. Risk asset sell-off hits crypto market Amid these developments, the crypto market initially showed resilience, supported by continued inflows into spot Bitcoin ETFs. Bitcoin hovered around $66,000, while Ethereum ( ETH-USD ) traded near $1,950. Bitcoin 4-hour chart. Source: TradingView However, by the end of the day, BTC extended losses to $65,600 and ETH declined to $1,930. The broader crypto market fell more than 3% over 24 hours, with total market capitalization dropping to $2.26 trillion. Leading altcoins posted relatively moderate losses of 2–3%, and in some cases up to 5%. “Bitcoin’s decline reflects a broader reduction in market risk appetite rather than a crypto-specific crisis. Unless institutional inflows stabilize or macroeconomic concerns ease, downside pressure may persist in the short ...
Bussarin Rinchumrus/iStock via Getty Images Key takeaways 1 The fund outperformed its benchmark Stock selection and an overweight in information technology ('IT') drove the fund's outperformance. Security selection in materials and consumer discretionary also aided relative performance. 2 Fund managers capitalized on market volatility to find new opportunities We took advantage of market volatilit...
Bussarin Rinchumrus/iStock via Getty Images Key takeaways 1 The fund outperformed its benchmark Stock selection and an overweight in information technology ('IT') drove the fund's outperformance. Security selection in materials and consumer discretionary also aided relative performance. 2 Fund managers capitalized on market volatility to find new opportunities We took advantage of market volatility to purchase several new fund holdings across various sectors. Conversely, we eliminated several holdings and used the proceeds to fund investments we believe have more upside potential. 3 Longer term, mid-cap value stocks appear attractive relative to S&P 500 stocks The price/earnings (P/E) multiple of the Russell Midcap Value Index is at a large historical discount compared to the P/E of the S&P 500 Index (Source: FactSet Research Systems, Inc.). We believe this valuation represents a compelling long-term investment opportunity. Manager perspective and outlook In managing the fund, we employ an intrinsic value approach to stock selection. It should be noted that the portfolio is not constructed based on a short-term macroeconomic view. Instead, positioning is driven by a bottom-up stock selection process based on our estimate of intrinsic value, which is based on a company's future cash flows. We seek to create wealth by maintaining a long-term investment horizon and by investing in companies that we believe are significantly undervalued on an absolute basis. Given our focus on intrinsic value and our long-term investment horizon, at quarter end, the fund was positioned with greater exposure to economically sensitive stocks compared to its peers. Following the outperformance of large-cap stocks over small-cap stocks in recent years, we see greater long-term upside to intrinsic value in many small-caps compared to large-caps. At quarter end, the difference between the market prices of the fund's holdings and our estimates of their intrinsic value was attractive, in our vi...
Alliance Wealth Advisors LLC UT grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,269 shares of the social networking company's stock after acquiring an additional 1,489 shares during the period. Meta Platforms compr...
Alliance Wealth Advisors LLC UT grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,269 shares of the social networking company's stock after acquiring an additional 1,489 shares during the period. Meta Platforms comprises approximately 1.1% of Alliance Wealth Advisors LLC UT's holdings, making the stock its 20th largest position. Alliance Wealth Advisors LLC UT's holdings in Meta Platforms were worth $4,604,000 as of its most recent SEC filing. A number of other institutional investors also recently bought and sold shares of the stock. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at about $26,000. Bare Financial Services Inc purchased a new position in Meta Platforms during the second quarter valued at approximately $30,000. Briaud Financial Planning Inc bought a new position in Meta Platforms in the 2nd quarter worth $42,000. Knuff & Co LLC purchased a new position in shares of Meta Platforms in the second quarter valued at about $44,000. Finally, WFA Asset Management Corp boosted its stake in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock worth $49,000 after acquiring an additional 20 shares during the period. 79.91% of the stock is owned by institutional investors. Get Meta Platforms alerts: Sign Up Insider Transactions at Meta Platforms In related news, COO Javier Olivan sold 926 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $652.68, for a total value of $604,381.68. Following the sale, the chief operating officer owned 17,039 shares in the company, valued at $11,121,014.52. This represents a 5.15% decrease in their ownership of the s...