(RTTNews) - Suncor Energy (SU) reported first quarter net income of C$2.1 billion compared to C$1.7 billion, prior year. Earnings per share was C$1.77 compared to C$1.36. Adjusted operating earnings increased to C$2.3 billion from C$1.6 billion. Adjusted operating EPS was C$1.93

York Water press release ( YORW ): Q1 GAAP EPS of $0.33 misses by $0.08 . Revenue of $20.07M (+8.7% Y/Y) misses by $0.83M . More on York Water York Water: Dividends Minted Since 1816 210 Years Of Dividends: York Water Western states look to desalination deals as Colorado River crisis deepens: WSJ Small-Cap rutility stocks ranked by quant ratings after earnings season Seeking Alpha’s Quant Rating on York Water

Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD 9.77 billion and USD 2.86 billion after tax* in the first quarter of 2026. Equinor reported a net operating income of USD 8.78 billion and a net income of USD 3.10 billion. Adjusted net income* was USD 3.70 billion, leading to adjusted earnings per share* of USD 1.48.

Equinor (OSE:EQNR, NYSE:EQNR) leverte et justert driftsresultat* på 9,77 milliarder USD og 2,86 milliarder USD etter skatt* i første kvartal 2026. Det rapporterte driftsresultatet var 8,78 milliarder USD, og resultatet for perioden var 3,10 milliarder USD. Det justerte resultatet* var 3,70 milliarder USD, som ga et justert resultat per aksje* på 1,48 USD.

据阿联酋媒体6日报道，迪拜一在建建筑物起火。社交媒体画面显示，现场出现大量浓烟。火灾原因尚不明。（新华社）

Topicus.com press release ( TOI:CA ): Q1 revenue increased 23% (5% organic growth) to €435.7 million compared to €355.6 million in Q1 2025. Net income decreased to €55.1 million (€0.41 on a diluted per share basis) from €70.1 million (€0.54 on a diluted per share basis). Cash flows from operations increased €9.0 million to €280.5 million compared to €271.4 million in Q1 2025 representing an increase of 3%. More on Topicus.com Historical earnings data for Topicus.com Financial information for Topicus.com

Palantir Technologies (PLTR) Q1 earnings: Taking a look at key metrics versus estimates MSN

铁路“五一”假期运输自4月29日启动到今天结束。记者从国铁集团了解到，为期8天的全国铁路“五一”假期运输，累计发送旅客约1.58亿人次，多项指标创出新高。今年“五一”假期叠加各地中小学春假，旅游、探亲、休闲等出行需求旺盛，铁路客流保持高位运行，假期首尾以长途客流为主、中间以短途客流为主。（央视新闻）

Viemed Healthcare press release ( VMD ): Q1 GAAP EPS of $0.06 misses by $0.03 . Revenue of $75.41M (+27.5% Y/Y) beats by $1.01M . Adjusted EBITDA for the quarter ended March 31, 2026 totaled $14.3 million, a 12% increase as compared to the quarter ended March 31, 2025. Net cash provided by operating activities totaled $8.1 million for the quarter and $57.1 million for the trailing twelve months ended March 31, 2026. Free cash flow totaled $2.6 million for the quarter and $36.3 million for the trailing twelve months ended March 31, 2026. The company's ventilator patient count totaled 12,089 as of March 31, 2026, an increase of 2% over March 31, 2025. Updated Full Year 2026 Guidance (all dollar amounts are USD): The Company is updating its full-year 2026 guidance to reflect increased forecasting precision and favorable trends in new patient starts, which support a narrowing of the revenue range. The Company is also updating its net capital expenditure outlook to reflect the continued shift in revenue mix toward less capital-intensive service lines, which is producing a structurally lower level of capital intensity than originally anticipated. Adjusted EBITDA guidance is reaffirmed. Net revenue is now expected to be in the range of $312 million to $320 million vs. cnsensus of $315.45M , narrowed and raised from the prior range of $310 million to $320 million. Adjusted EBITDA is expected to be in the range of $65 million to $69 million. Net capital expenditures are now expected to be in the range of 9% to 10.5% of net revenue, updated from the prior range of 10% to 11.5%. More on Viemed Healthcare Viemed Healthcare, Inc. (VMD) Q4 2025 Earnings Call Transcript Viemed Healthcare, Inc. 2025 Q4 - Results - Earnings Call Presentation Viemed Healthcare Q1 Earnings Preview Viemed Healthcare reports mixed Q4 results; introduces FY26 outlook Seeking Alpha’s Quant Rating on Viemed Healthcare

财联社5月6日讯（记者 林坚） 国际业务渐成券商业绩增长的重要因素之一，同时，卖方研究业务也在加速推进全球化布局。 华泰证券 5月5日就又有国际化动作的公告。公司通过旗下子公司华泰金融控股（香港）与印尼头部国有金融集团BNI旗下券商BNI证券达成战略双向合作，通过印尼本地券商向当地投资者提供覆盖宏观、策略、个股的全维度报告，借助BNI证券等本地机构的深耕优势，实现印尼市场研究价值的深度转化。 整体来看，券商研究出海在海外客户覆盖、跨境调研开展、专题研究落地等方面的实际推进情况较为平稳，并不是大爆发的局面。 券商国际业务整体以“香港为核心、亚太为重点、全球多点突破”为核心布局框架，头部机构率先锚定打造国际一流投行的战略目标，制定分阶段、阶梯式的全球化推进路径，以香港市场作为跨境展业的枢纽支点，逐步向亚太区域延伸、向全球市场覆盖，同时核心推进境内外业务一体化建设，通过统一资源配置、服务标准与业务流程，打通境内外研究、服务与产品体系，搭建全天候、跨市场联动的全球服务网络，夯实跨境展业的底层架构。 长期来看，卖方研究将随券商出海步伐，向区域本土化、研究专业化深化，深度参与全球金融研究竞争。部分分管研究的券商高管认为，这一过程更契合监管培育国际一流投行的目标。 研究业务出海现状 财联社此前已多次报道券商研究业务出海的情况。综合已披露的2025年券商年报最新情况，在研究出海的推进过程中，券商围绕境内外协同、研究体系重构、本土化能力建设搭建了核心打法框架，同时各家机构也形成了差异化的推进路径。 4月， 中信建投 证券就组织南美交流活动，远赴秘鲁、巴西两国，对中资企业出海、供应链产业链安全及当地营商环境开展专题交流。 东吴证券 通过香港子公司拓展海外研究覆盖， 国联民生 则聚焦海外市场政策与环境研究，开发适配国际需求的研究产品，推动研究成果的全球化输出； 广发证券 以跨境一体化为引领，调动内地和香港两地研究、销售团队协同开展工作，截至2025年末，公司覆盖海外重点公司232家，较2024年末增加近四成。 接受财联社采访的六家券商研究所大多认为，研究出海并非短期业务扩展，而是一项需要长期投入的系统性能力建设。2025年中资券商的国际业务收入实现大爆发，头部券商均在进一步整合和优化国际化业务布局。 不同梯队券商结合自身禀赋形成了差异化的落地打法。 一方面，头部券商聚焦全球品牌影响力建设...

Erik Isakson Blue Owl Capital ( OWL ) is evaluating a potential sale of the Asia operations of its portfolio company Stack Infrastructure in a deal that could exceed $30B, according to a Bloomberg report that cites people familiar with the matter. Stack is exploring options including a partial or full divestment of assets across key Asia-Pacific markets such as Australia, Japan, and Malaysia. The discussions with prospective advisers are at an early stage, and no final decision has been made, the report added . Other infrastructure-focused funds and industry players might be interested in Stack, as the appetite for data center assets in Asia remains robust. Denver-based Stack operates a network of data centers across major Asia-Pacific hubs, including Tokyo, positioning it to benefit from hyperscale and enterprise demand in the region. Deal activities around data centers have been prominent; in April, Bain Capital was seeking to sell at least 40% of Bridge Data Centres at $5B. While AirTrunk has engaged banks for a potential Singapore REIT listing that could raise over $1B later this year. This potential transaction comes weeks after Blue Owl ( OWL ) told investors it would limit withdrawals from two funds following a surge in redemption requests in Q1, underscoring pressure across the private credit sector. Private credit managers have faced heightened scrutiny amid a recent market downturn, as investor concerns over valuations and underwriting standards. More on Blue Owl Capital Blue Owl Capital: Getting 1,000 Shares Of Exposure At A Fraction Of The Cost Blue Owl: No Distress Detected Blue Owl: Time To Get Really Greedy Blue Owl set for growth as private credit fears overdone, Burdis says—CNBC interview Blue Owl sold half of its stake in SpaceX at a $1.25T valuation

Earnings Call Insights: Hinge Health (HNGE) Q1 2026 Management View CEO Daniel Perez said, "We delivered strong results across all key financial metrics this quarter, outperforming our expectations and demonstrating the continued strength of our business," and highlighted "the launch of our migraine care program, our first expansion beyond muscle and joint pain." Perez reported, "we generated $182 million in Q1," "our last 12 months calculated billings reached $770 million," and "we achieved a gross margin of 85%" while adding, "Our operating margin was 25%, generating $46 million in operating income." Perez announced, "we're launching our migraine care program," adding, "we just received 510(k) clearance from the FDA to extend Enso into migraine care," and said, "In just a few weeks, we've had over 125 clients adopt the program, representing more than 2 million eligible lives." CFO James Budge said, "Revenue came in at $182 million, up 47% from $124 million in Q1 2025," and attributed the result to "better-than-expected billings stemming from strong performance in both yields and lives." Budge said, "as of the end of Q1 2026, around 80% of our contracted lives were using our new engagement-based pricing model," and added, "We expect this percentage to stay consistent throughout the rest of the year." Outlook CFO James Budge guided, "For Q2 2026, we expect revenue to be in the range of $194 million to $196 million" and "for income from operations, we're projecting $47 million to $49 million for the second quarter." Budge raised full-year targets: "For the full year 2026, we're raising our revenue guidance to $798 million to $804 million" and "We're also raising our full year income from operations guidance to $205 million to $215 million." Budge explained the drivers: "Average eligible lives for the year are expected to be slightly higher than what we previously shared," and "our yield is trending up to slightly north of 4%." Analysts’ estimates were provided, but t...

Ibrahim Akcengiz/iStock via Getty Images By Elior Manier Bitcoin ( BTC-USD ) has officially broken through the significant $80,000 mark, driven by strong tech-focused investment that is lifting the entire cryptocurrency market in a moment when least expected. Markets are insanely good at playing tricks on expectations and sentiment. Despite their high-risk and beta profile, the technology sector and digital assets are attracting significant attention because traditional investments are under pressure from higher energy prices. With oil prices rising and affecting the broader economy and corporate profits, the more traditional stocks and sectors are exposed to squeezing margins and performance. Hence, investors are now looking at spots unaffected by the geopolitical change. This can be seen in the fantastic rise in the crypto market cap ever since the start of the war - a very surprising dynamic. Total Crypto Market Cap Daily Chart - May 5, 2026 (Source: TradingView) The entire crypto market is up 22% since the beginning of the war. Quite surprising, especially when looking at the price action before the war. Another factor is the high level of short positions in the market since last October. As these positions are closed, the steady rise in cryptocurrencies is forcing highly leveraged sellers and pushing the ongoing dynamic even further. Large-scale buying is also happening in the background. As mentioned in our late-February analysis when the geopolitical conflict began, most of the long-term distribution in digital assets had already taken place. Bitcoin and Crypto ETF Inflows and Outflows since 2026 (Source: Coinglass) Could a major rally be on the way? For this breakout to continue, the market will need more geopolitical stability and ongoing strong investor interest. Every significant rally starts with a foundation, and the current rebound is building a solid base for future growth. If prices stay above the important $70,000 level, the outlook for this crypto ...

格隆汇5月6日｜据美国财经网站investinglive，美元兑日元USD/JPY短线跌超100点，日内跌超1%，回落至157.00关口下方。从时机上看似乎是那么回事——今天是日本市场假日，而前两次干预尝试也都是在亚盘时段到欧盘时段开盘之间这个时间窗口发生的。话虽如此，前两次干预发生的时间点，更接近美元/日元刚刚突破157.00的那个时刻。而这一次，美元/日元一路涨到了接近158.00，然后才发生疑似干预。尽管日本财务省多次尝试，但自上周以来的干预行动效果正在减弱。尤其是在基本面因素仍以压倒性的方式继续对日元不利的情况下。那么问题就变成了，日本当局愿意在这个问题上砸多少钱，才能让干预真正奏效。考虑到当前的经济大背景，这确实是一个非常棘手的难题。目前日本官员们寄予的最大希望，就是美伊冲突能够平息下来，从而缓解日本经济所面临的压力。否则，他们将继续逆着巨大的浪潮，试图说服交易员们不要持续抛售日元。

美国总统特朗普5日宣布暂停“引导”霍尔木兹海峡被困船只通行的“自由计划”行动后，一些伊朗媒体同日称，特朗普此举是为掩盖计划的失败。伊朗法尔斯通讯社和伊朗学生通讯社发文说，特朗普宣布暂停“自由计划”是迫于伊朗的坚定立场和严厉警告，以及美国未能实现该行动的目标。（新华社）

triloks/E+ via Getty Images By Christopher Gannatti, CFA & Jonathan Flynn “Be fearful when others are greedy, and greedy when others are fearful.” — Warren Buffett 1 At WisdomTree, Contrarian Corner exists for exactly the moments Buffett is describing: those stretches when investor sentiment has moved so far in one direction that the data itself starts to tell a different story. We look for the gap between what the crowd is doing and what history suggests often follows. Today, that gap has opened up in India, and we think it is worth examining closely. From Consensus Darling to Crowded Exit Not long ago, India was the investment world’s favorite emerging market. In 2024, the narrative was nearly impossible to resist: 2 India was the fastest-growing major economy on earth. India had a young and expanding middle class. India’s equities were seeing rising weightings in global indices. India had a government committed to infrastructure and manufacturing investment. In the first half of 2024 alone, more than $4.7 billion flowed into India-focused exchange-traded funds (ETFs), and nearly $1 billion in June alone. 3 Strategists were calling for 20% returns over the following twelve months. 4 The consensus was not just bullish on India; it treated an allocation as obligatory. Then came the pullback. Foreign investors began to reassess. Valuation concerns that had been brushed aside during the euphoria started to feel more pressing. Macroeconomic headwinds, like a stronger dollar, questions about global growth, and wobbles in corporate earnings, gave investors reasons to reconsider. The same crowded positioning that had amplified the rally on the way up began to amplify the selling on the way down. This is a pattern markets have seen before. Strong narratives tend to peak near price peaks, and the deepest skepticism often arrives after the bulk of the correction has already occurred. That does not make the current environment comfortable. But it does make it interesting, whi...

Azenta press release ( AZTA ): Q2 Non-GAAP EPS of -$0.04 misses by $0.28 . Revenue of $145M (+1.4% Y/Y) misses by $10.74M . Adjusted EBITDA was $7.8 million, and Adjusted EBITDA margin was 5.4%, a decrease of 320 basis points year over year. The Company ended the quarter with a total balance of cash, cash equivalents, restricted cash and marketable securities of $565 million. Operating cash flow was $12 million in the quarter. Capital expenditures were $7 million, and free cash flow (cash flow from operations less capital expenditures) was $5 million. Updated Fiscal 2026 Guidance – Continuing Operations The company now expects total reported revenue from continuing operations to range between approximately $603 to $621 million for the fiscal year ending September 30, 2026 vs. consensus of $624.07M . Total organic revenue, which excludes the impact of foreign exchange and the contribution from the acquisition of UK Biocentre Limited, is now expected to range between down approximately 2% to up 1% relative to fiscal 2025, compared to prior guidance of 3% to 5% growth. Organic revenue for Sample Management Solutions is now expected to grow approximately low-single-digits, versus prior expectations of mid-single-digit growth. Organic revenue for Multiomics is now expected to decline approximately mid-single-digits, versus prior expectations of low-single-digit growth. Adjusted EBITDA margin is now expected to decline in a range of approximately 125 basis points to flat relative to fiscal 2025, compared to prior expectations of approximately 300 basis points expansion. This outlook excludes an expected dilution of approximately 35 basis points from the UK Biocentre acquisition. Free Cash flow (cash flow from operations less capital expenditures) is now expected to improve approximately 10% to 15% year-over-year, compared to prior expectations of approximately 30% improvement. Long-Range Plan Update In connection with the revised 2026 outlook, the Company is extending the...

Brighter Super, a A$37 billion ($26.8 billion) Australian pension fund, is tilting its portfolio away from the local share market in favor of global stocks as artificial intelligence continues to gain momentum in the US. The Queensland-based fund is trimming its domestic stock portfolio at the margins, Chief Investment Officer Damien Webb said in an interview. Webb, who has returned to Australia to join the pension fund after running Aware Super’s international operations from London, said the portfolio move was a “modest, tactical” play. “I do definitely think there are some headwinds building for Australian shares, particularly versus international shares,” Webb said. Key issues include the interest rate outlook, inflation, higher energy input costs and “some challenges we’re having around growth,” he added. US equities have notched fresh records in recent weeks, outperforming the local market, on renewed AI enthusiasm and strong earnings. While Australia’s concentration in energy and materials stocks helped it avoid a deeper selloff at the onset of the Iran war, a gloomier economic outlook has weighed on domestic shares. The nation’s benchmark stock index recently posted its longest losing streak since 2018 . Australia’s central bank raised its key interest rate for a third consecutive meeting on Tuesday, further damping sentiment surrounding the nation’s equities. The combination of higher borrowing costs and a spike in gasoline prices will lead to slower economic growth and higher unemployment, the Reserve Bank said in its latest quarterly update of economic forecasts. Brighter Super’s allocation to Australian shares typically sits between 22% and 26% in the fund’s balanced option, while money invested in global stocks typically makes up 29% to 33% of the portfolio, Webb said. While there were still questions around AI, “ultimately, it does seem to still be supported in the US economy pretty well,” he said. ‘Wild West’ Fears Swirl Around Australia’s DIY Retirem...

Emanuel M Schwermer/DigitalVision via Getty Images It's been a while since I covered auto parts manufacturer, Magna International ( MGA ). Back then, I viewed the stock as significantly undervalued with strong growth. The stock did rise about 25% from about $53 to $66 from 2015 to 2018 which wasn't all that impressive. However, the stock made a stronger increase from about $26 at the pandemic low in March 2020 to above $100 in May 2021. The stock then experienced a decline from the 2021 peak to a low of $32 in April 2025. Magna's decline from 2021 to 2025 was most likely due to an overvaluation and overbought level at the 2021 peak price. It looks like investors left Magna's stock for better opportunities back at that peak price in 2021. Then, revenue growth stagnated from 2023 to 2025, which probably added to the long-term sell-off. The good news is that the stock recovered from the multiple-year sell-off. Plus, the valuation is back at attractive levels. Magna just reported positive earnings results for Q1 2026. Magna's stock might perform well in 2026 given the strong expected earnings growth and low valuation. Magna supplies the major automakers with a variety of products and services. Some of MGA's products include battery enclosures, power door systems, energy-management solutions, aluminum castings, suspension products, cameras, sensors, and other products. Magna's services include complete vehicle engineering and integration, prototyping, vehicle safety testing, etc. Insights From the Q1 2026 Earnings Report Magna International reported solid results for Q1 2026 . Sales increased by 3% yoy to $10.4 billion. This occurred despite the 7% decline in global light vehicle production. Magna's Q1 growth rate was higher than analysts' expected revenue growth of about 1% for the full year in 2026 . Magna is expecting to achieve weighted sales growth of 1.5% for 2026 . Three out of Magna's four business segments achieved higher yoy sales which was above the market. Th...

近日，国家广播电视总局召开集中治理电视剧侵权传播动员会。会议指出，电视剧（网络剧）侵权传播严重损害制片方、播出方合法权益，破坏广电视听行业健康可持续发展。广电总局立足行业管理职责，会同国家版权局等相关监管部门，压实网络平台主体责任，重点治理非法网站和浏览器、搜索引擎、网盘的电视剧侵权传播问题。会议强调，要坚持标本兼治、综合施治、防治并举，集中治理与常态化落实相结合，做好电视剧侵权传播治理工作与国家版权局“剑网2026”专项行动的有效衔接，加强广电视听媒体宣传，在全社会普及版权知识，提升版权保护意识。未来，在片头加注版权保护重要提示语，将成为各大长视频平台和电视台新上剧集的“标准动作”。（央视新闻）

Archrock press release ( AROC ): Q1 Non-GAAP EPS of $0.42 misses by $0.06 . Revenue of $373.8M (+7.7% Y/Y) misses by $4.73M . Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter of 2026 was $221.0 million compared to $197.8 million in the first quarter of 2025. Declared a quarterly dividend of $0.22 per common share for the first quarter of 2026, approximately 16% higher compared to the first quarter of 2025, resulting in dividend coverage of 3.5x. Adjusted gross margin for the first quarter of 2026 was $237.6 million, up 13% from $210.6 million in the first quarter of 2025. "Archrock is off to a strong start for 2026, generating meaningful earnings per share, free cash flow and increased shareholder returns during the first quarter, bolstered by a growing order book that continues to support our longer-term outlook,” said Brad Childers, Archrock’s President and Chief Executive Officer. “Our contract operations fleet has delivered full utilization over a multi-year period, and profitability continues to benefit from strong execution and the rollout of additional large and electric motor drive horsepower supporting critical midstream infrastructure. Additionally, we continued to high-grade our fleet with the sale of non-strategic compressor units totaling approximately 40,000 horsepower. First quarter underlying business performance exceeded our basis for guidance, though SG&A expense came in higher. We remain on pace to achieve our full-year 2026 Adjusted EBITDA guidance range of between $865 million and $915 million, which we expect will translate into meaningful free cash flow generation for the year. More on Archrock Archrock: A Buy Driven By Higher Growth Projections And Natural Gas Demand Surge Archrock, Inc. 2025 Q4 - Results - Earnings Call Presentation Archrock, Inc. (AROC) Q4 2025 Earnings Call Transcript Archrock Q1 2026 Earnings Preview Archrock announces planned retirement of CFO Douglas Aron by end of 2026

champc/iStock via Getty Images Market Review The consumer staples sector returned 6.97% in the first quarter, according to the MSCI U.S. IMI Consumer Staples 25/50 Index, notably outperforming the -4.33% return of the broad-based S&P 500® index. In Q1, stocks declined as concern about the viability of artificial intelligence-related investments began to surface and conflict in the Middle East took center stage in late February, sapping a stock market that entered 2026 with strong momentum. The Iran war sent a shockwave through oil markets, with the potential to dampen growth and stoke inflation. Against this backdrop, growth stocks widely lagged value, while small-caps bested large-caps. The outperformance of the consumer staples sector was supported by early signs of improving consumer trends, including better real wage growth among lower-income groups and the passage of tax cuts ((via the One Big Beautiful Bill Act of 2025)) that broadly supported spending. While fundamentals have not accelerated materially to date, attractive relative valuations in an increasingly expensive broader market helped drive staples' outperformance in Q1. The MSCI consumer staples index returned 7.43% in January as some previously high-flying, mostly tech-based growth stocks showed signs of fading momentum, largely due to concern about a potential AI bubble, allowing defensive industries, such as staples, to shine. Staples continued to propel forward in February, with the sector returning 7.69% ahead of joint U.S.-Israeli strikes on Iran that began on February 28. As the conflict spread, the staples sector returned -7.54% in March amid a broad market decline. Among the biggest segments in the sector, consumer staples merchandise retail (+12%), making up 32% of the MSCI index, gained ground, aided by some of its largest components, including Target ( TGT ) (+25%) and Costco (+16%). Soft drinks & non-alcoholic beverages (+6%), representing about 17% of the index, also helped the sector's ...

美元/日元短线跳水，日内跌超1%。

Republican and Democratic candidates met again in race shaped by Eric Swalwell’s exit and Xavier Becerra’s rise Seven of the leading contenders in California ’s unexpectedly dramatic race for governor faced off on Tuesday night, in a feisty, high-stakes showdown that arrived as voters begin casting ballots in the state’s nonpartisan primary. The heightened tenor of the two-hour scrap matchup reflected how important the candidates viewed the debate, which aired on CNN to a national audience. Continue reading...

Luis Alvarez/DigitalVision via Getty Images The following segment was excerpted from the Artisan Value Fund Q1 2026 Commentary . The portfolio ( ARTLX ) trailed the Russell 1000® Value Index in Q1. Performance was weighed down by a market environment that continued to favor momentum-driven stocks, with less support for quality factors. Portfolio Activity We initiated four new positions in Q1, an above-average pace of activity. Typically, we add 1–2 new positions per quarter, averaging 1.7 per quarter over the past 5 years. Increased market volatility and greater dispersion in US equities created more opportunities to invest in companies that meet our three margin of safety criteria: attractive business economics, sound financial condition and compelling valuation. We also used the increased volatility to upgrade overall portfolio quality. Our three largest new positions were Amazon.com, Universal Music Group (UMG) and IQVIA Holdings. Amazon ( AMZN ) represents a high-quality, wide-moat franchise where near-term investment is potentially obscuring substantial long-term earnings power. The company's core retail platform is underpinned by its logistics network built over decades and enhanced by significant investment during COVID that doubled the network. This infrastructure continues to drive efficiency gains and customer value, reinforcing Amazon's dominant market position. Complementing this is AWS, the original hyperscale cloud platform and a critical profit engine, contributing roughly 60% of operating income. AWS remains a leading cloud platform and a key profit driver, with strong positioning in AI supported by proprietary chips such as Graviton and Trainium. Despite elevated capital expenditures tied to AI, logistics and other growth initiatives, Amazon's financial position remains exceptionally strong, with significant net cash and a well-laddered debt profile. Current earnings understate normalized profitability, in our view, due to heavy reinvestment across ...

格隆汇5月6日｜韩国KOSPI指数暴涨7%，报7423.47点。三星电子飙涨16%，SK海力士公司大涨超10%。

Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire Reuters