Key PointsAnthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses.

JHVEPhoto/iStock Editorial via Getty Images Not long ago, I analyzed Ross Stores ( ROST ), and basically, I mentioned that I really liked the business model because of its resilience, but at the time, I wasn't very comfortable with the valuation. Since then, ROST stock has risen about 18%. TJX Companies ( TJX ) has followed more or less the same path. And the TJX model is also compelling to me, basically as the CEO said : the company can prove that in-store shopping is still very solid. And even though Q4 earnings prove this well, I am still very cautious about the margin of safety issue. The current premium on TJX is as if it were a company that you would have to really want to have in your portfolio to accept paying that price, and for me, that is not the case. That is why I am going with a hold rating for TJX stock. Q4 Earnings: TJX Showed Resilience The CEO described the quarter as “excellent,” but I only agree in part. It was indeed a very solid Q4, and I liked the comp sales of ~5%, but on the earnings call , that number was described as “very strong.” I don't know if it's that strong; to me, it's more like okay, very solid. But in any case, considering that the landscape is not the best, it is indeed a positive performance. In fact, it seems to me to be an endorsement that this treasure hunt experience is as resilient as we imagined and as history would suggest. Especially since TJX's 10-year CAGR for revenue is almost 7%, the same for EBIT and EBITDA, which grew by an average of 6.9% per year. And that, with a few buybacks and better net income, caused EPS to compound in double digits. But back to the quarter, the comparable sales mix was also quite interesting in my view. In Q4 last year, Marmaxx's performance was slightly worse, and TJX Canada and TJX International drove performance up. Now, we saw the same number for comp sales (~5%), but with slightly stronger performance from Marmaxx and HomeGoods in the U.S. TJX Earnings Release We are talking about co...

NVIDIA rides AI and data center demand, while Microsoft and JPMorgan navigate growth tailwinds and rising risks in shifting markets.

ORCL Stock | Oracle Price, Quote, News & Analysis TipRanks

Despite concerns about AI’s economic impact and geopolitical tensions, there’s been a flight to safety this week.

Netflix (NASDAQ:NFLX) , a subscription-based streaming service for movies and TV shows, closed Friday at $96.24, up 13.77%. The stock moved higher after Netflix dropped its bid for Warner Bros. Discovery while securing a breakup fee, and investors are watching how capital discipline will shape future content and deal spending. Trading volume reached 190.8 million shares, coming in about 280% above its three-month average of 50.2 million shares. Netflix IPO'd in 2002 and has grown 80,341% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.43% to 6,879, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.92% to 22,668. Within streaming media services, industry peers Walt Disney (NYSE:DIS) closed at $106.04 (up 0.46%) and Warner Bros. Discovery (NASDAQ:WBD) finished at $28.17 (down 2.19%) as investors reassessed consolidation prospects. After a drawn out and highly watched bidding war, Warner Bros. Discovery deemed the latest acquisition bid made by Paramount Skydance (NASDAQ:PSKY) superior to the previously accepted bid from Netflix. Rather than counter with a new bid, Netflix bowed out, walking away with a $2.8 billion breakup fee from the original agreement. Continue reading

PM Images/DigitalVision via Getty Images Investment Thesis Neptune Insurance Holdings Inc. ( NP ) is a newly listed insurance agent benefiting from multiple regulatory and market tailwinds pushing demand for flood insurance higher. Mortgage lenders are increasingly asking borrowers to insure properties against flood, thus protecting the collateral against the mortgage. New regulations are increasing the appeal of private flood insurance versus the National Flood Insurance Program "NFIP," the largest player on the market today. Finally, NP benefits from a first-mover advantage as the first large-scale insurance agent. Unique Market The flood insurance market is dominated by the Federal Government through NFIP, a program created in the late 1960s to fill a coverage gap against floods, a catastrophic event risk that is hard to insure. Neptune isn't an insurer, but it underwrites flood policies to private insurers who compete with NFIP. Thus, the program and its scope have an impact on NP. One can say that NFIP is a competitor to NP and its "capacity providers" — the name NP gives for its private insurance customers/partners who buy the insurance policies it underwrites. I don't expect NFIP to end anytime soon. However, regulators recognize the financial burden of the program on the federal budget. It has been living on congressional extensions for some time now, as opposed to a permanent budget. Regulatory Tailwinds NFIP has been offering subsidized flood insurance for decades. In 2021, regulators decided that it was time for NFIP to start charging market rates. The new premium prices won't rise overnight. The maximum amount an existing insurance policy will increase is capped at 18% annually. Since the gap between what NFIP charges and the "fair price" is large, it will take multiple years at this rate for the premiums to reach this fair market level. As premiums start to increase, the appeal of NFIP insurance will start to diminish. This will help NP increase its mar...

Earnings Call Insights: inTEST Corporation (INTT) Q4 2025 Management View Nick Grant, President and CEO, described Q4 as “a strong finish to a challenging year,” highlighting that “orders once again exceeded $37 million,” and revenue reached $32.8 million, above guidance. Grant emphasized a “healthy year-end backlog of $53.9 million, representing a 36% increase over year-end 2024.” He credited diversification and new product launches, particularly from Alfamation and Acculogic, for driving top-line growth and advancing the company toward its Vision 2030 goal of 25% revenue from new products. Grant also noted, “With nearly 80% of fourth quarter revenue derived from non-semi end markets and momentum in new product sales contributing meaningfully to revenue and gross margin, we believe our strategy is working.” Duncan Gilmour, CFO, stated, “Revenue in Q4 increased $6.6 million or 25% from $26.2 million in Q3 to $32.8 million,” attributing gains to industrial, defense/aerospace, life sciences, and auto EV segments, partially offset by a decline in semi. Gilmour further explained, “Gross margin expanded 350 basis points sequentially from 41.9% in Q3 2025 to 45.4% in Q4 2025,” driven by higher sales of new Alfamation products. He added, “For the fourth quarter, net income was $1.2 million. Adjusted EBITDA was $3.2 million, representing an adjusted EBITDA margin of 9.7%.” Outlook Management resumed offering full-year guidance, projecting 2026 revenue of $125 million to $130 million, “at the midpoint, this represents growth of approximately 12% over 2025's $113.8 million,” according to Gilmour. Q1 2026 revenue is expected to be $31 million to $33 million, with gross margin at approximately 44%. Full-year 2026 gross margin is forecasted at approximately 45%. Operating expenses are projected at $53 million to $55 million, amortization at $2.6 million, and capital expenditures at 1% to 2% of revenue. Gilmour specified, “Our guidance does not contemplate any material impact, po...

niphon/iStock via Getty Images The view is and has been disinflation first, then a return of the inflationary macro In line with our long-standing view that the now inflationary macro would undergo its first counter-trend, an interim disinflationary trend, Treasury bonds from the shortest durations on up to the longer durations are on plan. The chart below includes monthly dividends. The nominal bonds are all going varying versions of sideways. But when using these government debt vehicles for income and/or market indications, it’s the total return that matters. Especially as the government and Fed cheapen the currency. As a side note, I have not and likely will not touch the longest-term bonds, but per my portfolio holdings, I have since 2023 held 1-3yr and more recently 0-5yr (inflation protected), and even more recently, as a speculation on the interim disinflationary macro, 3-10yr. I have also held short-term Treasury bonds bought directly over the last 2-3 years for some nice income. Treasury bond fund (Stockcharts.com) This article is not about bond trading or investment, however. It is about the indications of bonds on the inflationary macro. In this newer macro, bonds (the debt of entities and governments) will ultimately prove to be garbage due to the effects of inflation. They are not a long-term investment. The old “60% stocks, 40% bonds” Shtick is dead, on the bigger picture. The macro symbolically changed from disinflationary to inflationary signaling in 2022 and effectively has been dealing with inflation since the Fed and government created the most recent problem in H1, 2020, which was fatal for the gentle disinflationary days of the old macro. 30yr Treasury yield (Tradingview.com) However, in the markets we should be flexible to interim phases. And that is what we have today. A phase where the public is treated to a “just right” porridge of easing inflation and still-intact economy. This disinflation could range anywhere from moderate relief that th...

undefined undefined U.S. President Donald Trump on Friday called for a re-adjudication of the Supreme Court's decision striking down his tariffs in a social media post. Last week, SCOTUS ruled in a 6-3 decision to strike down the tariffs. The ruling found that Trump did not have the authority to impose tariffs under the International Emergency Economic Powers Act. The court's decision raised concerns over whether importers will get refunds for duties already paid. Notably, Hasbro ( HAS ) was reportedly seeking to recover tariffs that were paid to the U.S. government under the International Emergency Economic Powers Act following last week's decision. The toymaker was said to be the latest in a wave of companies trying to recover the billions of dollars that were collected between April 2025 and February 2026. "The recent Decision of the United States Supreme Court concerning TARIFFS could allow for Hundreds of Billions of Dollars to be returned to Countries and Companies that have been 'ripping off' the United States of America for many years, and now, according to this Decision, could actually continue to do so, at an even increased level, " said Trump in a Truth Social post. " It doesn’t make sense that Countries and Companies that took advantage of us for decades, receiving Billions and Billions of Dollars that they should not have been allowed to receive, would now be entitled to an undeserved 'windfall,' the likes of which the World has never seen before, as a result of this highly disappointing, to say the least, ruling," said the post. "Is a Rehearing or Readjudication of this case possible???" asked Trump in the post. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Tariffs Trump to boost U.S. tariffs to 15% 'where appropriate,' USTR says - report U.S. Supreme Court tariff ruling could ease India’s Russian oil trade worries

Bloomberg’s Caroline Hyde discusses OpenAI’s $110 billion fundraise at a $730 billion valuation with key backing from Amazon. Plus, the feud between Anthropic and the Pentagon over AI use by the military continues. And Jack Dorsey’s Block says it's cutting half its workforce in a bet on AI. (Source: Bloomberg)

jimfeng/E+ via Getty Images Don't wait to buy land - buy land and wait. Land, they are not making any more of it. The list of cliche quotes about the value of land goes on and on. Today, we venture out of the world of Class A real estate and look towards a more unique REIT. Gladstone Land ( LAND ) has been one of the more volatile REITs over the past five years. In the era of changing interest rates, REITs with exposure to land found themselves in a precarious position. Farmland REITs, such as LAND or Farmland Partners ( FPI ), have found themselves under pressure as inflation begins to challenge the ability of farmers to control their cost structure. Data by YCharts The agriculture business has become considerably more complex over the past 12 months, forcing operators like LAND to navigate a challenging situation. In this article, we will revisit LAND after Q4 earnings. I will follow up on my prior coverage of the company and discuss the changing landscape of farmland REITs. Review of Prior Coverage My initial coverage of LAND was almost five years ago, when I introduced the REIT as one of the most unique publicly traded real estate companies. At the time, I was highlighting the Gladstone Companies lineup as one of the more interesting opportunities in the investable universe. As a refresher, Gladstone is the external manager of four funds, LAND, Gladstone Investment ( GAIN ), Gladstone Capital ( GLAD ), and Gladstone Commercial ( GOOD ). LAND is a Gladstone REIT that focuses exclusively on the ownership of farmland assets in the United States and water assets in California. Over the long term, LAND has been one of the more volatile REITs. Data by YCharts In my follow-up coverage of LAND one year ago, I explored the company's business model more thoroughly. LAND has a fundamental business model problem that relates to the low-yielding nature of land investments. Land is a low-productivity asset class, plain and simple. The value of land is determined by a select s...

The S&P 500 was on track for double-digit earnings growth, with more than half of companies having reported Q4 results so far.

Department of Defense and artificial intelligence company were unable to reach agreement before deadline Sign up for the Breaking News US email to get newsletter alerts in your inbox Donald Trump said Friday he will direct all federal agencies to “IMMEDIATELY CEASE” all use of Anthropic technology. The Department of Defense and Anthropic have hit an impasse with neither side backing down as a deadline for an agreement hits Friday afternoon. The Pentagon is demanding that the artificial intelligence company loosen ethical guidelines on its AI systems or, the government says, face severe consequences. Continue reading...

格隆汇2月28日｜美国总统特朗普：（被问及还有多久决定打击伊朗）我不想说，不然你（指记者）就会有史上最精彩的独家新闻。

American Eagle Gold ( AE:CA ) intends to raise up to C$34.54M through a combined charity flow-through and concurrent share offering. The charity flow-through offering will include up to 19.2M shares at C$1.20 per share for gross proceeds of C$23.04M. The concurrent offering will consist of up to 14.94M common shares at C$0.77/share for up to C$11.5M. Eric Sprott, through 2176423 Ontario, has agreed to acquire an ~9.9% equity stake in the company. Sprott will purchase 19.2M shares underlying the charity flow-through offering at a back-end price of C$0.77/share, representing the full C$23.04M portion of that offering. More on American Eagle Gold Corp. Seeking Alpha’s Quant Rating on American Eagle Gold Corp. Financial information for American Eagle Gold Corp.

Micron Technology Options Spot-On: On February 27th, 559.96K Contracts Were Traded, With 2.36 Million Open Interest 富途牛牛

Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up . If you’ve spent any time in British Columbia, you’ve likely seen Jim Pattison’s name several times a day, framing license plates from his 28 car dealerships, or stamped on his hundreds of Pattison Outdoor billboards. The indefatigable entrepreneur’s eponymous group , which started from a Vancouver dealership in 1961, owns hundreds of food retailers from the Yukon down to southern California, western Canada’s largest fishing fleet, its biggest coal terminal, a majority of forestry giant Canfor, Guinness World Records, Ripley’s Believe It or Not! and much more. Pattison is 97 years old, so it’s not surprising that he’s done some planning for his 59,000-employee business empire, which notched C$19 billion ($14 billion) in revenue in 2024. Yet little was publicly known about what the future holds for one of Canada’s largest private companies. I sat down with its president, 46-year-old Ryan Barrington-Foote, for a rare interview — he told me it was his first since a brief local profile as a hotshot accountant in 2009 — to pull back the curtain on the firm and what will become of Pattison’s self-made fortune. When Pattison passes away, his wealth will be dedicated to charity through his foundation, Barrington-Foote told me. As for the company, “the group will stay together, and we can allow our operating companies to continue running.” A new era lies ahead. Read the whole story . Also in this newsletter: the AI scare trade , attrition on RBC’s high-yield desk , and copper vs. glaciers in Argentina. The following was produced with the assistance of Bloomberg Automation. Top stories Private credit manager Invico Capital has crafted a plan for one of its funds to deal with redemption requests from large investors . The Calgary-based firm said it reached out to those who had asked to pull money from a C$500 million inc...

U.S. Senate Minority Leader Chuck Schumer (L), D-N.Y., and U.S. House Minority Leader Hakeem Jeffries (R), D-N.Y., hold a press conference on Capitol Hill in Washington, DC, on Jan. 8, 2026. Saul Loeb | AFP | Getty Images Congressional Democrats on Friday said they received a counteroffer from the White House to fund the Department of Homeland Security . The department has been shut down since Feb.14 after lawmakers failed to strike a deal on immigration enforcement restrictions. "We have received the White House's counteroffer and are reviewing it closely. Democrats remain committed to keep fighting for real reforms to rein in ICE and stop the violence," Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries , both of New York, said in a statement. Read more CNBC politics coverage Congress takes on Nvidia, White House as it pushes for chip export limits Warren calls Trump’s bluff on affordability after State of the Union House Dems project midterm optimism at annual policy retreat following State of the Union The negotiations over DHS funding are heightened after federal immigration agents shot and killed two U.S. citizens during an immigration surge in Minneapolis , though the Trump administration has since said it would wind down the operation. Democrats are demanding changes to DHS' immigration enforcement tactics. They want to bar federal immigration agents from wearing masks, mandate body cameras and require them to obtain judicial warrants to search homes, among other proposed changes. The White House and Republicans have pushed back on the mask ban and judicial warrant requirement. Senate Democrats on Monday for the second time blocked a House-passed DHS funding bill, as negotiations dragged on. "Yesterday, the White House made another serious counter offer. Democrats need to make a move to end the shutdown before more Americans are harmed by a lack of funding for critical services like disaster relief," a White House official said on...

Warner Bros. Discovery and Paramount Skydance's merger agreement is now official. On Friday, the two companies announced plans to merge into a massive media company that will fold WBD's studio, linear channels, streaming service, and gaming segment into Paramount. Though WBD initially signed onto an $83 billion agreement to merge part of Warner Bros. with Netflix, Paramount persisted with a hostile takeover bid , followed by a series of offers. That persistence paid off, as WBD determined that Paramount's "best and final" offer is "superior" to Netflix's deal. On Thursday, Netflix declined to match Paramount's bid , calling it "no longer fina … Read the full story at The Verge.

XTL Biopharmaceuticals ( XTLB ) has received a letter from Nasdaq notifying that it believes the company is a “public shell”, and that the continued listing of XTLB's American Depositary Shares is no longer warranted. The company intends to request a hearing to appeal the delisting process before a Nasdaq Hearings Panel. A hearing request will stay the suspension of the ADSs and delisting pending the panel’s decision. The letter stated that the staff believes the company no longer has an operating business, citing it’s prior public disclosure that its wholly owned subsidiary, The Social Proxy, had filed a formal application with the competent Israeli court for the commencement of insolvency proceedings and that on February 22, 2026, the court ordered The Social Proxy's liquidation and the appointment of a trustee for the insolvency proceedings. The staff noted that the company’s purported shell status could lead to the ADSs being subject to market abuses and other violative conduct. Additionally, the staff notified the company that it did not comply with the minimum $2.5M stockholders’ equity requirement and on December 20, 2025, the Staff notified the Company that its ADSs were no longer in compliance with the minimum $1 bid price. Unless the company requests the Hearing by March 4, 2026, trading of the company’s ADSs will be suspended from The Nasdaq Capital Market at the opening of business on March 6, 2026, and will subsequently be removed from listing. Source: Press Release More on XTL Biopharmaceuticals Seeking Alpha’s Quant Rating on XTL Biopharmaceuticals Financial information for XTL Biopharmaceuticals