Margarita-Young/iStock Editorial via Getty Images We are back to comment on L'Air Liquide S.A. ( AIQUF ) ( AIQUY ) following the company's latest earnings print. We believe the shares are likely to react positively, and since our last update (Q3 results), Air Liquide's stock price is already up by >12% (Fig. 1). The Q3 update offers limited insight, focusing only on sales and backlog evolution. So...
Margarita-Young/iStock Editorial via Getty Images We are back to comment on L'Air Liquide S.A. ( AIQUF ) ( AIQUY ) following the company's latest earnings print. We believe the shares are likely to react positively, and since our last update (Q3 results), Air Liquide's stock price is already up by >12% (Fig. 1). The Q3 update offers limited insight, focusing only on sales and backlog evolution. So, a full review of Air Liquide's 2025 results and 2026 outlook represents a timely catalyst to revisit our equity investment case. For our new readers, the company produces and sells industrial and healthcare gases worldwide. Our team also covers Air Liquide's main competitors: 1) Linde and 2) Air Products and Chemicals . Mare Ev. Lab Rating Update Fig. 1 Air Liquide Results and Our Positive Take The company's 2025 top-line sales reached €26.94 billion (Fig. 2), up 2% on a comparable basis. On a reported basis, sales were down by 40 basis points. This was mainly due to negative FX. The group's EBIT margin, excluding the energy impact, rose by 80 basis points to 20.7%. There was an EBIT acceleration in H2 compared to H1 results. There is evidence of operating leverage, given that on a comparable basis, operating profit growth exceeded sales growth (+7.6% vs. +2%). These results are due to 1) IM pricing that was up by 3.2% in Q4 and translates to ~1.5% yearly sales at the group level, 2) acquisition, and 3) efficiencies. Related to the latest position, the company achieved €631 million in savings, exceeding the €400 million annual target. Looking at the P&L results, Air Liquide's net profit increased by 6.4% and by 9.7% (excluding the negative FX impact). Air Liquide 2025 results Source: Air Liquide Q4 results press release —Fig. 2 Why are we positive? Starting with the noteworthy update, the company maintained its 2026 outlook for a 100-basis-point increase in margins. We are pleased to report the company's statement: the company is confident it can "further increase its ope...
Biden-Appointed Judge Rules Illegal Immigrants Can Dispute Third Country Deportations Authored by Stacy Robinson via The Epoch Times, A federal judge ruled on Feb. 25 that the government cannot deport illegal immigrants to so-called third countries without giving them “meaningful notice” and an opportunity to dispute their removal. In Wednesday’s ruling, Massachusetts District Judge Brian Murphy (...
Biden-Appointed Judge Rules Illegal Immigrants Can Dispute Third Country Deportations Authored by Stacy Robinson via The Epoch Times, A federal judge ruled on Feb. 25 that the government cannot deport illegal immigrants to so-called third countries without giving them “meaningful notice” and an opportunity to dispute their removal. In Wednesday’s ruling, Massachusetts District Judge Brian Murphy ( nominated by President Biden on March 21, 2024 ) declared unlawful two policy memos, one by Immigration and Customs Enforcement (ICE) and another by the Department of Homeland Security (DHS). Those memos said that if the U.S. had received credible diplomatic assurances from a third country that deportees would not face persecution or torture, they could be sent there without any extra procedures. “[DHS] has adopted a policy whereby it may take people and drop them off in parts unknown ... and, ‘as long as the Department doesn’t already know that there’s someone standing there waiting to shoot ... that’s fine,’” he wrote . “It is not fine, nor is it legal.” Murphy ruled that federal regulations required that illegal immigrants be deported to either their home country, or another country as designated by an immigration judge. They also have the right to “raise a country-specific claim” against being deported to a third country, he wrote. The case started last March, when four plaintiffs filed a class-action suit after the government tried to deport them to countries other than their home nation, without notice or opportunity to object to their destination. In April, the judge expanded the class of plaintiffs to include anyone with a final removal order to a third country after Feb. 18, 2025. Murphy blocked those removals on April 18, but on May 21 he found the government had violated his order by removing six individuals to South Sudan in Africa. He ordered the government to provide them with lawyers and hearings on whether they were afraid to live in that country. In the me...
In trading on Thursday, shares of Exponent Inc. (Symbol: EXPO) crossed above their 200 day moving average of $72.22, changing hands as high as $72.81 per share. Exponent Inc. shares are currently trading up about 2.7% on the day. The chart below shows the one year performance
In trading on Thursday, shares of Exponent Inc. (Symbol: EXPO) crossed above their 200 day moving average of $72.22, changing hands as high as $72.81 per share. Exponent Inc. shares are currently trading up about 2.7% on the day. The chart below shows the one year performance
In trading on Thursday, shares of Mach Natural Resources LP (Symbol: MNR) crossed below their 200 day moving average of $13.07, changing hands as low as $12.68 per share. Mach Natural Resources LP shares are currently trading up about 0.2% on the day. The chart below shows the
In trading on Thursday, shares of Mach Natural Resources LP (Symbol: MNR) crossed below their 200 day moving average of $13.07, changing hands as low as $12.68 per share. Mach Natural Resources LP shares are currently trading up about 0.2% on the day. The chart below shows the
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
In trading on Thursday, shares of Tecnoglass Inc (Symbol: TGLS) entered into oversold territory, changing hands as low as $44 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Thursday, shares of Tecnoglass Inc (Symbol: TGLS) entered into oversold territory, changing hands as low as $44 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
Axon (NASDAQ: AXON) reported great growth again in the fourth quarter, but that came at the expense of profitability. This isn't a new challenge for Axon, which has compounded revenue growth in excess of 30% for years, but it does raise questions about what investors should think about the current multiples and management's stock-based compensation. I covered all of this, including how new product...
Axon (NASDAQ: AXON) reported great growth again in the fourth quarter, but that came at the expense of profitability. This isn't a new challenge for Axon, which has compounded revenue growth in excess of 30% for years, but it does raise questions about what investors should think about the current multiples and management's stock-based compensation. I covered all of this, including how new products have led to a big increase in backlog, in the video below. *Stock prices used were end-of-day prices of Feb. 25, 2026. The video was published on Feb. 26, 2026. Continue reading
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
gopixa/iStock via Getty Images The NASDAQ broke a five-week losing streak and led the advance with a gain of 1.5% in the holiday-shortened trading week ending February 20th. It has rebounded some this week as the beaten-down software sector has seen some 'buy the dip' action. Despite the tech-heavy index's advance last week, the software sector remained under significant pressure on growing fears ...
gopixa/iStock via Getty Images The NASDAQ broke a five-week losing streak and led the advance with a gain of 1.5% in the holiday-shortened trading week ending February 20th. It has rebounded some this week as the beaten-down software sector has seen some 'buy the dip' action. Despite the tech-heavy index's advance last week, the software sector remained under significant pressure on growing fears that improving AI capabilities will upend a good portion of the industry. The iShares Expanded Tech-Software Sector ETF ( IGV ) fell 2.4% last week. Shiller PE Ratio (Multpl) Equities remain in overbought territory, factoring in the levels of many traditional valuation metrics. The market is about as complacent and irrational as in recent memory, in my view. In today's column, I highlight four signs of that irrationality and investor complacency. Volatility Fell Last Week: Last week, the SCOTUS scuttled a huge chunk of the administration's tariff regime. The POTUS responded by implementing a round of new tariffs. Huge volumes of cargo planes, the largest aircraft carrier in the world, and military kit are heading towards the Middle East, and the chances of a shooting war with Iran increased throughout the week. VIX Stock Chart (Seeking Alpha) Then, several events at Blue Owl Capital ( OWL ) reignited fears around the deterioration of the private credit markets. The first take on Q4 GDP growth came in much lower than expected with a reading of just 1.4%. That was far below the 2.5% gain that was anticipated. And despite these major events, the S&P VIX Index ( VIX ) fell just over 10% last week. It is hard to think of a better example of the huge investor complacency present in this market. Crypto Crack-Up Has No Repercussions: Bitcoin has now fallen nearly $60,000 from its highs in early October of last year. Bitcoin and other cryptocurrencies like Ethereum have roughly lost a collective $2 trillion in value in just over four months. Maybe I am showing my age; I turn 60 in S...
Cascades press release ( CADNF ): Q4 Non-GAAP EPS of C$0.40. Revenue of C$4.77M. More on Cascades Inc. Cascades Inc. 2025 Q4 - Results - Earnings Call Presentation Price increases by Cascades are positive sign for packaging industry: Truist Seeking Alpha’s Quant Rating on Cascades Inc. Historical earnings data for Cascades Inc. Dividend scorecard for Cascades Inc.
Cascades press release ( CADNF ): Q4 Non-GAAP EPS of C$0.40. Revenue of C$4.77M. More on Cascades Inc. Cascades Inc. 2025 Q4 - Results - Earnings Call Presentation Price increases by Cascades are positive sign for packaging industry: Truist Seeking Alpha’s Quant Rating on Cascades Inc. Historical earnings data for Cascades Inc. Dividend scorecard for Cascades Inc.
Nvidia (NVDA) guided the current quarter roughly $6 billion above consensus estimates, but the stock is down in Thursday morning trading. Visible Alpha head of TMT research Melissa Otto and Laffer Tengler Investments CEO and CIO Nancy Tengler join Opening Bid host Brian Sozzi to debate whether Nvidia's mid-70% gross margins and strong fundamentals were already priced in, and what it will take to s...
Nvidia (NVDA) guided the current quarter roughly $6 billion above consensus estimates, but the stock is down in Thursday morning trading. Visible Alpha head of TMT research Melissa Otto and Laffer Tengler Investments CEO and CIO Nancy Tengler join Opening Bid host Brian Sozzi to debate whether Nvidia's mid-70% gross margins and strong fundamentals were already priced in, and what it will take to spark a fresh catalyst. To watch more expert insights and analysis on the latest market action, check out more Opening Bid.
Kathrin Ziegler/DigitalVision via Getty Images Shares Vital Farms ( VITL ) cratered on Thursday after the company missed profit expectations and set its full-year sales guidance below the consensus estimate. “2025 was the year we scaled our supply chain to meet demand. By expanding Egg Central Station and growing our farmer network to over 600 small farms, we’ve meaningfully reduced the supply con...
Kathrin Ziegler/DigitalVision via Getty Images Shares Vital Farms ( VITL ) cratered on Thursday after the company missed profit expectations and set its full-year sales guidance below the consensus estimate. “2025 was the year we scaled our supply chain to meet demand. By expanding Egg Central Station and growing our farmer network to over 600 small farms, we’ve meaningfully reduced the supply constraints that previously capped our growth,” said Russell Diez-Canseco, Vital Farms’ CEO. For 2026, Vital Farms ( VITL ) plans to transition from “capacity building” to market expansion to achieve its goal to reach $2B in revenue by 2030. “We remain committed to a disciplined capital allocation strategy that reinvests in our future while returning value to our shareholders,” Diez-Canseco added. For the quarter ended December 28, Vital Farms ( VITL ) earned a profit of $0.35 per share, up more than 50% from a year earlier but 4 cents less than expectations. Adjusted EBITDA increased to $29.2M, or 13.7% of net revenue, versus 11.5% in Q4 20204, as higher sales were partially offset by increased wages. Total revenue increased 29% to $213.7M, beating $212.8M estimates. For 2026, Vital Farms ( VITL ) sees revenue between $900M and $920M, below the $938.6M estimates. Additionally, adjusted EBITDA is expected to be between $105M and $115M, and capex of $140M to $150M. More on Vital Farms Vital Farms: Near-Term Hiccups, Long-Term Potential Vital Farms, Inc. (VITL) Analyst/Investor Day - Slideshow Vital Farms, Inc. (VITL) Analyst/Investor Day Transcript Vital Farms GAAP EPS of $0.35 misses by $0.04, revenue of $213.6M beats by $0.77M Vital Farms Q4 2025 Earnings Preview
The Shanghai Shipping Exchange. Photo: VCG China’s sole national-level shipping exchange is set for a sweeping restructuring, as the Shanghai Shipping Exchange (SSE) is converted into a state-owned enterprise and folded into the Shanghai Exchange Group (SEG), reshaping its governance and commercial mandate. SEG confirmed to Caixin that it will assume control of the shipping bourse’s corporate enti...
The Shanghai Shipping Exchange. Photo: VCG China’s sole national-level shipping exchange is set for a sweeping restructuring, as the Shanghai Shipping Exchange (SSE) is converted into a state-owned enterprise and folded into the Shanghai Exchange Group (SEG), reshaping its governance and commercial mandate. SEG confirmed to Caixin that it will assume control of the shipping bourse’s corporate entity, marking a significant institutional shift for the 30-year-old platform.