Suddenly, what's old is new again. There's a popular trade sweeping Wall Street that's offering an old world solution to the threat of AI disruption: "HALO," or "Heavy Assets, Low Obsolescence." What that means is that more investors are betting that companies with hefty real assets such as grids, pipelines and heavy machinery are the ones least likely to be replaced by artificial intelligence. "I...
Suddenly, what's old is new again. There's a popular trade sweeping Wall Street that's offering an old world solution to the threat of AI disruption: "HALO," or "Heavy Assets, Low Obsolescence." What that means is that more investors are betting that companies with hefty real assets such as grids, pipelines and heavy machinery are the ones least likely to be replaced by artificial intelligence. "I've come up with a term for the types of stocks that have run away with the stock market's gains this year. They are the HALO part of the market," investor Josh Brown wrote for CNBC earlier this month. "They have risks, but not AI risks. In fact, in many cases, AI will probably enable them to become even more profitable than they are today," Brown continued. "So they actually go up as the LLMs advance." That idea is central to why many real world sectors are outperforming this year, even as the overall market and especially tech stocks have floundered. The two top-performing sectors are energy and materials, which are surging more than 23% and 15%, respectively. The third best-performing sector, consumer staples , has rallied more than 14%. Compare that to the market cap weighted S & P 500, which is just slightly higher year to date. Or even more worryingly, tech stocks. Only two of the "Magnificent Seven" names are higher this year, failing to rally even off the back of Nvidia's earnings beat , as investors worry their massive capex spending may not be justified. Software stocks are lost in a bloodbath amid fears that advances coming out of Anthropic around agentic AI will cripple an industry reliant on scalability and high fees. The iShares Expanded Tech-Software Sector ETF (IGV) is down more than 22% this year, and more than 30% off its recent high. And financials and commercial real estate are two other areas that have been hurt. The term has been quickly adopted on other parts of the Street. A note from the Barclays' trading desk last week said "HALO" names have benefi...
TPG says the fund’s total exposure to Market Financial Solutions is £44 million ($59 million), according to an emailed statement. Constantine Courcoulas reports on "Bloomberg Real Yield." (Source: Bloomberg)
TPG says the fund’s total exposure to Market Financial Solutions is £44 million ($59 million), according to an emailed statement. Constantine Courcoulas reports on "Bloomberg Real Yield." (Source: Bloomberg)
(RTTNews) - OpenAI said it has secured $110 billion in new funding at a $730 billion pre-money valuation, marking one of the largest capital raises in the technology sector.
(RTTNews) - OpenAI said it has secured $110 billion in new funding at a $730 billion pre-money valuation, marking one of the largest capital raises in the technology sector.
matejmo/iStock via Getty Images By Zain Vawda Gold ( XAUUSD:CUR ) prices have pushed beyond the $5200/oz handle on Friday, with a hot US PPI print failing to deter gold bulls. The PPI release led to temporary US dollar strength, but the DXY has since pushed lower to trade in the red for the day. As discussed in the previous piece on February 25, gold needs acceptance above $5200 for bulls to seize...
matejmo/iStock via Getty Images By Zain Vawda Gold ( XAUUSD:CUR ) prices have pushed beyond the $5200/oz handle on Friday, with a hot US PPI print failing to deter gold bulls. The PPI release led to temporary US dollar strength, but the DXY has since pushed lower to trade in the red for the day. As discussed in the previous piece on February 25, gold needs acceptance above $5200 for bulls to seize the initiative. Well, what better way to achieve this than a break and weekly candle close above the $5200/oz handle? Gold fundamental outlook Gold is heading into the end of February eyeing a seventh straight monthly gain. The recent selloff did give market participants food for thought, but a renewed surge in haven demand has boosted the precious metal. News earlier today from various sources point to the potential of an imminent US attack on Iran. Chinese authorities have warned their citizens to leave Iran and Israel, while an Al-Arabiya correspondent on X posted that the US State Department has ordered the evacuation of non-essential staff and their families from the US Embassy in Baghdad. These moves together point to a rise in geopolitical risk, which could explain the rally to end the week. Add to this the pivot away from US stocks and the NVIDIA ( NVDA ) selloff post what was a rather upbeat earnings outlook, markets appear to have found the needed catalyst for bullish momentum to prevail. Given that the weekend is ahead, any move by the US on Iran could lead to significant haven demand, and thus, gold could open with a significant gap after the weekend. This is definitely worth monitoring if you are holding trades heading into the weekend. The week ahead - ISM, NFP in focus The week ahead brings high-impact US data releases, which, together with the geopolitical risk angle, could have a massive impact on the US dollar, which remains under pressure as the DXY remains below the 98.00 handle. The ISM Manufacturing and Services report will be a major data release nex...
Rasi Bhadramani/iStock via Getty Images Yesterday, NVIDIA Corporation ( NVDA ) posted incredible earnings for the period ending Jan. 25, with revenue climbing 73% year-over-year and earnings per share of $1.62, both above expectations. For its upcoming fiscal first quarter, Nvidia expects revenue of approximately $78B. Analysts had expected the company to generate $72.78B in revenue. And its stock...
Rasi Bhadramani/iStock via Getty Images Yesterday, NVIDIA Corporation ( NVDA ) posted incredible earnings for the period ending Jan. 25, with revenue climbing 73% year-over-year and earnings per share of $1.62, both above expectations. For its upcoming fiscal first quarter, Nvidia expects revenue of approximately $78B. Analysts had expected the company to generate $72.78B in revenue. And its stock price dropped more than 5%. Go figure! This led me to update my PEG valuation comparison from last year, and the results were very revealing, so I decided to share them. Updated PEG Ratio Analysis I believe that P/E Growth Ratios (PEG) are the most important valuation metric for growing companies. PEG = PE / Expected EPS Growth. So, if a company has a P/E of 25 and is expected to grow earnings at 15% annually, its PEG is 25/15 = 1.67. Rather than repeat my description of the importance of PEG valuation for growth companies, I refer you to my two previous articles: Categorizing Tech Companies' Valuation Risk . Nvidia: It's All About Growth . The most important thing to remember is that a lower PEG is better, and 1.0 is the "normal" target. Below is my recomputed PEG ratios for the top tech companies. I also included forward P/E as a reference and compared the companies' PEGs from last year to this year. Comparative PEG Ratios (Author) There was a significant improvement in PEGs overall, as reflected in median and average. This actually means that tech investments are less risky based on this measurement. I classified them into four categories: Dark Green - These have a PEG of less than 1.0, so they have a P/E ratio reasonably balanced to their expected growth. These appear to be the most promising investment opportunities. I own all four of these stocks and will continue to hold them, possibly increasing my position. Light Green - These six companies have higher PEG ratios but remain below 2.0. I own all of these and will continue to own them, but I’ll keep an eye on them. ...
FEATURE The bond market is tough to understand at the best of times. It isn‘t particularly intuitive, in that prices and yields move in opposite directions. It isn‘t especially transparent: Minute-by-minute trading isn’t easy for the average investor to track.
FEATURE The bond market is tough to understand at the best of times. It isn‘t particularly intuitive, in that prices and yields move in opposite directions. It isn‘t especially transparent: Minute-by-minute trading isn’t easy for the average investor to track.
Royal Unibrew A/S press release ( ROYUF ): FY GAAP EPS of DKK 31.30. Revenue of DKK15.72M. More on Royal Unibrew A/S Royal Unibrew A/S (ROYUF) Q4 2025 Earnings Call Transcript Royal Unibrew A/S 2025 Q4 - Results - Earnings Call Presentation Seeking Alpha’s Quant Rating on Royal Unibrew A/S Historical earnings data for Royal Unibrew A/S Dividend scorecard for Royal Unibrew A/S
Royal Unibrew A/S press release ( ROYUF ): FY GAAP EPS of DKK 31.30. Revenue of DKK15.72M. More on Royal Unibrew A/S Royal Unibrew A/S (ROYUF) Q4 2025 Earnings Call Transcript Royal Unibrew A/S 2025 Q4 - Results - Earnings Call Presentation Seeking Alpha’s Quant Rating on Royal Unibrew A/S Historical earnings data for Royal Unibrew A/S Dividend scorecard for Royal Unibrew A/S
MADRID and CAMBRIDGE, Mass., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Oryzon Genomics, S.A. (ISIN Code: ES0167733015, ORY), a clinical-stage biopharmaceutical company and a global leader in epigenetics, today reported financial results for the twelve months ended December 31, 2025 and provided a corporate update on recent developments.
MADRID and CAMBRIDGE, Mass., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Oryzon Genomics, S.A. (ISIN Code: ES0167733015, ORY), a clinical-stage biopharmaceutical company and a global leader in epigenetics, today reported financial results for the twelve months ended December 31, 2025 and provided a corporate update on recent developments.
First Brands Group has four potential buyers for factories that produce parts for automakers, including Ford Motor Co. , under a proposal designed to save thousands of jobs as the bankrupt company struggles to avoid shutting down and liquidating its remaining operations. Three of the four businesses that First Brands is hoping to sell in the coming weeks produce parts for Ford, which along with ot...
First Brands Group has four potential buyers for factories that produce parts for automakers, including Ford Motor Co. , under a proposal designed to save thousands of jobs as the bankrupt company struggles to avoid shutting down and liquidating its remaining operations. Three of the four businesses that First Brands is hoping to sell in the coming weeks produce parts for Ford, which along with other carmakers have been keeping a handful of First Brands operations afloat by paying for parts in advance, Ford attorney Mark E. Freedlander said during a bankruptcy hearing on Friday. That arrangement includes not just cash for the parts, but also money for administrative purposes. “This may be the most expensive parts deal in the history of auto supply,” Freedlander said. Ford is the most exposed of all the major automakers to First Brands’ insolvency case, he said. The sales may not resolve the bitter disputes among creditors who claim to be victims of the widespread corporate fraud that brought down First Brands last year, lawyers for the company and its main lenders told the judge overseeing the company’s multi-billion dollar insolvency case. The company has been in mediation with its major creditors trying to avoid a liquidation that would shut down its remaining operations and throw thousands more employees out of work. The company has already closed some operations. Read more: First Brands Founder Charged With Fraud That Erased Billions
It’s hard to know which matters more: the historic victory in Gorton and Denton of the first Green candidate in a by-election, or the collapse in the UK of Markets Financial Solutions. The latter is the first time in this country that there’s been the scurrying across the lino of the kind of cockroach that Jamie Dimon has been warning about for months now — which could have worrying implications f...
It’s hard to know which matters more: the historic victory in Gorton and Denton of the first Green candidate in a by-election, or the collapse in the UK of Markets Financial Solutions. The latter is the first time in this country that there’s been the scurrying across the lino of the kind of cockroach that Jamie Dimon has been warning about for months now — which could have worrying implications for both our political and financial landscape. We’ll come on to Hannah-the-Plumber in a minute, but first MFS. Here’s our team : “As Market Financial Solutions hurtled towards collapse in London, the setting was new but the themes felt familiar.” Just like US auto lender Tricolor Holdings last year, MFS was a nonbank firm looking to offer financing in areas that mainstream banks didn’t. MFS claimed to offer “complex, property backed lending” — aka bridging loans — but has now collapsed, with the filings showing it used the same assets to win loans from different lenders, known as double pledging. Our reporters put it like this: “While the overall corporate default rate has remained stable despite economic and geopolitical concerns, credit markets have been spooked by a spate of so-called cockroaches, as JPMorgan Chase & Co. boss Jamie Dimon dubbed them last year. He followed that up with a warning this week that he’s starting to see parallels between today’s markets and the era before the 2008 financial crisis.” Step forward the shift in mood that Hannah Spencer’s victory last night brings: whether or not Keir Starmer goes, the government is being pushed to the left. The sight of the economically populist Greens eating into Labour’s voter base will, as we wondered on Wednesday , make many Labour backbenchers green with envy. In the acceptance speech Spencer gave in the early hours of the morning, she didn’t talk about the environment (which featured little in her campaign), but about a sense that the economic system is rigged: “Instead of working for a nice life, we’re work...