Hong Kong’s natural beauty, one of its greatest assets, is also ecologically vulnerable. Reminders of that abounded during the mainland’s Labour Day “golden week” holiday. At Sharp Island, where thousands flocked to the city’s Unesco global geopark, the authorities issued about 300 verbal warnings. At Ham Tin Wan in Sai Kung East Country Park, the sheer number of visitors camping, some using hotpo...
Hong Kong’s natural beauty, one of its greatest assets, is also ecologically vulnerable. Reminders of that abounded during the mainland’s Labour Day “golden week” holiday. At Sharp Island, where thousands flocked to the city’s Unesco global geopark, the authorities issued about 300 verbal warnings. At Ham Tin Wan in Sai Kung East Country Park, the sheer number of visitors camping, some using hotpots, underscored the problem. On Saturday evening, an estimated 500 tents at the campsite included...
Richard Drury/DigitalVision via Getty Images When I think of Global X S&P 500 Covered Call ETF ( XYLD ) I think of a covered call strategy that distributes an average of 10% annually on a monthly basis. A 10% that however disguises some imperfections: nothing new, I'm referring to the cap on the upside, which on this type of options (1 month rolling) is very heavy and generates underperformance co...
Richard Drury/DigitalVision via Getty Images When I think of Global X S&P 500 Covered Call ETF ( XYLD ) I think of a covered call strategy that distributes an average of 10% annually on a monthly basis. A 10% that however disguises some imperfections: nothing new, I'm referring to the cap on the upside, which on this type of options (1 month rolling) is very heavy and generates underperformance compared simply to other ETFs like SPY. And if on one hand you might think: "well, the important thing is the distribution", on the other hand you could also say but "this complexity, is it really worth it?" And in my opinion, as much as I appreciate buy writes , on XYLD in my opinion the answer is no. And I'll try to prove it to you with a simple homemade strategy that distributes 10% every year. And I repeat ... it will be precisely the simplicity that will destabilize. What is XYLD Before getting to the central core of the strategy, I'd like to leave a small TL;DR on XYLD for new readers and to better introduce my thesis: It has as benchmark the CBOE S&P 500 BuyWrite Index , a "Covered call" or "buy-write strategy" index. In detail, the fund sells 1-month call options at the first strike price immediately above the current level of the index. This creates an extremely narrow margin between current price and strike. What does this mean? that in a rapid rally, if the S&P 500 rises from the current level beyond the first available strike, XYLD captures only that margin plus the option premium, completely losing any further appreciation. XYLD - Profile (Seeking Alpha) It does so with passive physical replication, direct purchase of all S&P 500 constituents with weights proportional to the index, so there's no active stock selection or tilting towards factors; the weights and holdings on which the buy write strategy will then be built is the same as SPY. XYLD - top 10 holdings (Seeking Alpha) The overlay frequency is monthly, meaning it's a sale of call options with 1-month exp...
Earnings Call Insights: InspireMD (NSPR) Q1 2026 Management View "Our first quarter revenue of $3.4 million was a strong start to 2026, representing growth of over 120%." (President, CEO & Director Marvin Slosman) "I want to directly address the decision to pause commercialization for the CGuard Prime 135 delivery system, which we announced last week in coordination with the FDA." (President, CEO ...
Earnings Call Insights: InspireMD (NSPR) Q1 2026 Management View "Our first quarter revenue of $3.4 million was a strong start to 2026, representing growth of over 120%." (President, CEO & Director Marvin Slosman) "I want to directly address the decision to pause commercialization for the CGuard Prime 135 delivery system, which we announced last week in coordination with the FDA." (President, CEO & Director Marvin Slosman) "This action is not related to the safety or performance of the CGuard stent implant." (President, CEO & Director Slosman) "This was a proactive decision based on feedback from our controlled U.S. launch." (President, CEO & Director Slosman) "We anticipate FDA approval in the third quarter of 2026" for "our original CGuard delivery system that has already been successfully used in more than 70,000 cases globally." (President, CEO & Director Marvin Slosman) "We continue to anticipate FDA approval of the CGuard Prime 80 system for TCAR procedures in the second half of this year, which we believe could potentially double our U.S. addressable market." (President, CEO & Director Marvin Slosman) "Given the temporary pause in the U.S. commercialization, we have made the decision to withdraw our full year 2026 revenue guidance." (President, CEO & Director Marvin Slosman) "For the first quarter of 2026, total revenue was $3.4 million, representing an increase of 122% compared to revenue of $1.5 million for the first quarter of 2025." (CFO, Secretary & Treasurer Michael Lawless) Outlook "We anticipate FDA approval in the third quarter of 2026" for the original CGuard delivery system, and management added, "we will be ready and set to launch the original CGuard" once approved, with approval timing "in the August window." (President, CEO & Director Marvin Slosman) "We continue to anticipate FDA approval of the CGuard Prime 80 system for TCAR procedures in the second half of this year." (President, CEO & Director Marvin Slosman) "We are pleased to have receive...
Getty Images Shares in Norwegian Cruise Line Holdings Ltd. ( NCLH ) is declining following the release of its Q1 results. While the cruise operator reported profits ahead of expectations , NCLH missed on revenues and provided investors with lowered forward guidance for 2026. Ahead of the release, shares were already lagging both its peer set and the broader S&P 500 ( SPY ). The stock was down abou...
Getty Images Shares in Norwegian Cruise Line Holdings Ltd. ( NCLH ) is declining following the release of its Q1 results. While the cruise operator reported profits ahead of expectations , NCLH missed on revenues and provided investors with lowered forward guidance for 2026. Ahead of the release, shares were already lagging both its peer set and the broader S&P 500 ( SPY ). The stock was down about 15% YTD before the release. Granted, peers such as Carnival ( CCL ) were not performing significantly better, but NCLH was the biggest laggard of the group. Seeking Alpha - YTD Share Price Performance Of NCLH Compared To Peers I provided bullish commentary on NCLH in February, and I stated the strong prospects for 2026 as well as NCLH’s valuation as a few reasons supporting my bullish view. Though shares have declined since that update, I remain bullish. Seeking Alpha - Valuation Metrics Of NCLH Stock I believe the additional step down in NCLH following its Q1 provides investors with an even more attractive entry point into an operator who I believe will see calmer waters in due time. NCLH has activists circling, and today’s release will likely provide further fodder to those seeking further change. NCLH also trades at the cheapest forward relative to its peers of less than 10x. I believe this provides ample room for recovery in the medium-long term. Norwegian Q1 Results Recap Though NCLH’s Q1 results were a bit of a mixed bag, I believe there were plenty of bright spots to point out. For one, total revenues still grew double digits, with 10% YOY growth. This was driven primarily by higher Capacity Days. Meanwhile, GAAP net income swung to a profit of +$105 million from a loss last year. In addition, adjusted EBITDA was up 18% YOY and comfortably ahead of guidance. Furthermore, adjusted EPS of $0.23/share more than doubled from last year and beat expectations by a wide margin. NCLH Q1 Earnings Presentation - Q1 Results Overview The news was mostly positive elsewhere as we...
Intel’s new client-computing leadership adds focus to its push beyond traditional PCs, with upcoming results needing clearer evidence that AI PC demand and data center CPU sales can support the stock’s post-rally valuation.
Intel’s new client-computing leadership adds focus to its push beyond traditional PCs, with upcoming results needing clearer evidence that AI PC demand and data center CPU sales can support the stock’s post-rally valuation.
Intel (NASDAQ:INTC), designs and manufactures microprocessors and related technologies, closed Monday at $95.78, down 3.84%. The stock pulled back during the regular session after a powerful 2026 rally to new highs, while investors are watching how recent AI wins, Tesla and Googl
Intel (NASDAQ:INTC), designs and manufactures microprocessors and related technologies, closed Monday at $95.78, down 3.84%. The stock pulled back during the regular session after a powerful 2026 rally to new highs, while investors are watching how recent AI wins, Tesla and Googl
Citadel’s former Chief Technology Officer Umesh Subramanian is joining private investment firm Motive Partners , where he will lead its artificial-intelligence push. Subramanian will join in July as a partner and a member of Motive’s executive leadership team and its growth-and-buyout executive committee. Motive invests in financial technology and technology-enabled business services companies in ...
Citadel’s former Chief Technology Officer Umesh Subramanian is joining private investment firm Motive Partners , where he will lead its artificial-intelligence push. Subramanian will join in July as a partner and a member of Motive’s executive leadership team and its growth-and-buyout executive committee. Motive invests in financial technology and technology-enabled business services companies in North America and Europe, from early-stage ventures to growth equity and buyouts. “We are at a pivotal moment where AI is fundamentally reshaping how financial institutions operate and compete,” Subramanian said Monday in a statement. “I’m excited to join the firm at this moment and help drive the next phase of transformation.” At Citadel , Subramanian led the global engineering organization responsible for building its research, trading and risk-management functions, in addition to serving on its portfolio committee. In his position as CTO, Subramanian also played a key role in advancing the integration of AI, large-scale data systems and cloud technologies. His most recent role at the firm was as a senior adviser. Prior to Citadel, Subramanian spent 13 years at Goldman Sachs Group Inc. , eventually co-leading its technology division.
Grab Holdings Ltd. reported first-quarter profit that exceeded analysts’ estimates, helped by resilient demand for ride hailing and delivery in a Southeast Asian market rattled by economic and political challenges. Adjusted earnings before interest, taxes, depreciation and amortization rose to $154 million in the quarter ended March 31, the Singapore-based company said Tuesday. Analysts estimated ...
Grab Holdings Ltd. reported first-quarter profit that exceeded analysts’ estimates, helped by resilient demand for ride hailing and delivery in a Southeast Asian market rattled by economic and political challenges. Adjusted earnings before interest, taxes, depreciation and amortization rose to $154 million in the quarter ended March 31, the Singapore-based company said Tuesday. Analysts estimated $146.3 million on average, according to data compiled by Bloomberg. Revenue increased 24% to $955 million, also beating projections. The company didn’t change its annual forecast, maintaining an annual sales outlook of $4.04 billion to $4.10 billion. It expects adjusted Ebitda of $700 million to $720 million. Grab’s shares gained about 2% in late US trading. After years of spending to gain market share in Southeast Asia, Grab still faces tough competition from rivals led by Indonesian champion GoTo Group . Grab is attracting users with products such as shared rides and deliveries in a sluggish economy, while curtailing a once-frenetic pace of expansion. In a speech last week, Indonesian President Prabowo Subianto outlined a surprise plan to cap the ride-hailing commissions that companies like Grab and GoTo collect from drivers and riders in the region’s largest economy. The companies’ cut will be set at a maximum of 8% of fares, compared with about 20% previously, potentially squeezing margins and crimping revenue. Indonesia is Southeast Asia’s biggest ride-hailing market, with millions of drivers relying on app-based transport and delivery services. Protests over pay and working conditions have intensified in recent years, with many drivers unhappy with what they’ve described as exploitative app policies and regulatory negligence. Read More: More Protests Planned as Anger Sweeps Indonesia’s Gig Drivers Grab, backed by Uber Technologies Inc. , has seen growth slow dramatically from triple-digit rates in years past as it takes steps to focus on profitability. An increased cu...
Luis Alvarez/DigitalVision via Getty Images Around 2014, the E-commerce boom had taken hold, and retail store closings started to outpace store openings. It was an era known as the retail apocalypse. Bloomberg Source: Bloomberg Each year, E-commerce took a larger and larger share of retail sales. It threatened to be the end of brick-and-mortar retail. As investors contemplated the doom of one of t...
Luis Alvarez/DigitalVision via Getty Images Around 2014, the E-commerce boom had taken hold, and retail store closings started to outpace store openings. It was an era known as the retail apocalypse. Bloomberg Source: Bloomberg Each year, E-commerce took a larger and larger share of retail sales. It threatened to be the end of brick-and-mortar retail. As investors contemplated the doom of one of the largest REIT sectors, they uncovered statistics about how the U.S. had vastly more retail square footage per capita than the rest of the world. The thesis was simple: We had too many stores, and they couldn’t compete with Amazon and its equivalents. There was a good bit of truth to the narrative, and retail REITs did indeed struggle for much of that era. However, the landscape in 2026 looks vastly different. E-commerce Market Share is Capping Out The Federal Reserve Economic Database tracks E-commerce as a percentage of retail sales. It had been rising at a fast pace from just over 0% in 2000 to 16% in 2020. The sharp spike upward in 2020 was clearly pandemic-related, as physical stores were mostly closed, forcing people to do most of their shopping online. FRED It left an open question, however, about whether it had changed people’s shopping habits forever. In theory, the forced use of online ordering would remove the friction of those who were previously hesitant to use E-commerce. Once it became a habit, maybe customers would not return to stores. After stores reopened, E-commerce market share dropped back down, but it did indeed remain well above the prepandemic level. In 3Q2025, E-commerce market share finally reclaimed the 2020 peak at 16.4%. The slope, however, is greatly diminished. E-commerce market share seems to be plateauing. 6 Reasons Why E-commerce Market Share is Flattening Out Shipping costs Returns End of subsidized costs Selection/touch Services Omnichannel Shipping costs have increased materially. Overseas freight shipping rates are fully double what t...