MONTRÉAL, 29 avr. 2026 (GLOBE NEWSWIRE) -- Le CN (TSX : CNR) (NYSE : CNI) a annoncé aujourd’hui ses résultats financiers et d’exploitation pour le premier trimestre terminé le 31 mars 2026.
MONTRÉAL, 29 avr. 2026 (GLOBE NEWSWIRE) -- Le CN (TSX : CNR) (NYSE : CNI) a annoncé aujourd’hui ses résultats financiers et d’exploitation pour le premier trimestre terminé le 31 mars 2026.
PM Images/DigitalVision via Getty Images Introduction If you've followed me here on Seeking Alpha, then you likely know I primarily focus on income investing. While I wouldn't say I've been bearish on the BDC ( BIZD ) sector in the past year or so, I have been quite cautious. BDCs are some of my favorite investments due to the high amounts of income they throw off. With yields that can reach the h...
PM Images/DigitalVision via Getty Images Introduction If you've followed me here on Seeking Alpha, then you likely know I primarily focus on income investing. While I wouldn't say I've been bearish on the BDC ( BIZD ) sector in the past year or so, I have been quite cautious. BDCs are some of my favorite investments due to the high amounts of income they throw off. With yields that can reach the high double-digits, they make it easier for investors looking to live off income. With increasing macro uncertainty from the conflict in the Middle East and cracks in the private space, my cautiousness hasn't gone without reason. At the time of writing, the BDC ETF, BIZD, is down close to 18%. But this volatility has created an opportunity for income-focused investors. Collecting high yields is one thing, but collecting income from quality stocks with high yields that trade at a discount is another. In this article, I discuss two BDCs, their fundamentals, and why investors can likely trust them to deliver steady income and collect an 11% yield while waiting. All BDCs Are Not Created Equal The BDC sector has become very popular here on Seeking Alpha over the years. I've always been drawn to the sector, as I was someone who planned to live off their dividend income in the not too distant future. Historically, BDCs were seen as income vehicles but rarely as long-term investments. But this has seemed to change as some have stood the test of time. Particularly, the last 5 or 6 years. During this time, we've seen COVID, the fastest rate hike in history starting in 2022, high inflation, a weakening labor market, the SaaS Apocalypse, and now the war with Iran. Seeking Alpha The war has resulted in oil spiking, which increases the chances of inflation remaining higher for longer. While higher interest rates benefit BDCs, this also results in financial distress for their borrowers. And this can lead to deteriorating financials for the BDC, ultimately increasing chances of a dividend r...
Smitt/iStock via Getty Images Introduction This is a tricky market. I have mentioned this in almost every one of my public articles in recent weeks. I’m getting almost sick of it, yet it’s still true, as the Iran War is still creating elevated uncertainty while I am writing this. Nonetheless, the stock market has started to become a bit more upbeat. At least, on the surface, it looks like it. And,...
Smitt/iStock via Getty Images Introduction This is a tricky market. I have mentioned this in almost every one of my public articles in recent weeks. I’m getting almost sick of it, yet it’s still true, as the Iran War is still creating elevated uncertainty while I am writing this. Nonetheless, the stock market has started to become a bit more upbeat. At least, on the surface, it looks like it. And, interestingly enough, that’s also reflected in fundamentals. Not only is my growth acceleration thesis looking good, as confirmed by leading indicators like the regional Fed surveys (i.e., Philadelphia and New York Fed - see below), but also because the war wasn’t able to stop global earnings growth. Federal Reserve Bank of St. Louis The chart below shows MSCI AC World profits. According to Société Générale, which produced the chart below, 12-month forward profits are now $600 billion higher than they were roughly four months ago. According to them, that’s a 12% surge. SG Cross Asset Research Unfortunately, data also confirms something else, which is that growth is not yet broad-based. While my thesis is that this is about to change (growth broadening and a cyclical growth recovery), we see that almost all revisions were driven by AI-related investments, including semiconductors and tech hardware. Oil and gas were third, which is obviously due to the massive spike in global fossil fuel prices. SG Cross Asset Research Again, that’s fine. As I have often said, it doesn’t matter how your team wins the championship. Even if it has just two or three world-class players, a win is a win. However, it’s not very durable, as the quote from Bloomberg below shows: 20% earnings growth is a lot to ask of an expansion heading into its seventh year. It hasn’t been done before, though a bull (or even a neutral observer) could argue that past cycles haven’t had a gale-force AI-capex wind at their back. - Via Bloomberg . This rally is fine, but the stakes are sky-high. That’s why I am convin...
fruttipics/iStock via Getty Images Investment Thesis AI networking switch maker Celestica ( CLS ) reported Q1 CY26 results yesterday, showing that the company not only beat estimates but also raised guidance for the full year. Celestica, one of the fastest-growing companies in the AI Ethernet switch market, said its hyperscaler clients weren't just spending more on the company's 800G and 1.6T swit...
fruttipics/iStock via Getty Images Investment Thesis AI networking switch maker Celestica ( CLS ) reported Q1 CY26 results yesterday, showing that the company not only beat estimates but also raised guidance for the full year. Celestica, one of the fastest-growing companies in the AI Ethernet switch market, said its hyperscaler clients weren't just spending more on the company's 800G and 1.6T switches. These large customers were increasingly shifting to CPO-based optical switches, reflected in Celestica's first-ever program win for their 1.6T CPO Ethernet switch. Despite the strong earnings print, Celestica's shares fell more than 15% after the Q1 ER was published due to fears that the company might not sustain growth levels amid increasing risks of component shortages and margin pressures. However, in my view, such fears echoed by the market seem illogical and inconsistent with the forward-looking official projections, creating rare opportunities for investors to gain additional exposure to this tightly run ship called Celestica. As explained below, I remain bullish on my outlook for Celestica. Celestica's Q1 Checks All Boxes for a Sharp Acceleration In Q1, Celestica's quarterly revenues grew 53% to $4.05B, mostly in line with the market's expectations, and were driven by the CCS segment (connectivity & cloud solutions), which grew 76% to $3.24B, while the ATS segment (advanced technology solutions) continued to be flat y/y. On the call to discuss Q1 CY26 earnings, Celestica's management attributed the CCS segment's growth to material acceleration in their 800G switching solutions. They expect 1.6T switching solutions to ramp up contributions in the second half of CY26. Next-gen networking speeds weren't the only catalyst for hyperscalers to spend more on Celestica's switching solutions. Next-gen technologies like CPO switches are also gaining traction among hyperscalers. Management shared that the company won its first program win for CPO Ethernet scale-out switch...
vlastas/iStock via Getty Images Over the past few weeks, Celestica Inc. ( CLS ) has seen its stock jump by 60% from late March until right before the company released its Q1 results. As I'm writing, I see the stock down 15% amidst a broader selloff in tech after the OpenAI news. Don't get me wrong. Despite my strong buy rating, I am not overlooking the fact that the stock is down on a decent print...
vlastas/iStock via Getty Images Over the past few weeks, Celestica Inc. ( CLS ) has seen its stock jump by 60% from late March until right before the company released its Q1 results. As I'm writing, I see the stock down 15% amidst a broader selloff in tech after the OpenAI news. Don't get me wrong. Despite my strong buy rating, I am not overlooking the fact that the stock is down on a decent print. As I'm writing, there is still a lot of confusion as to why the stock is down. Some analysts believe that the stock is down because investors wanted to see more. I disagree. In fact, I think there is a deeper (and more concerning) reason. I discuss my view on the selloff below and why I still own the stock. Why is Celestica Down After Q1 Earnings Results? Defenders of the efficient market hypothesis would argue that the selloff was mainly driven by the fact that the market had already priced in the beat and raise prior to the print. I think that theory has no legs. Let me explain. We're coming from the lows in March due to an exogenous event (i.e., the war in the Middle East), with the longest winning streak for the Philadelphia Semiconductor Index in its 32-year history after it had gained 47% in 18 trading days this month. I mean, just look at the chart below representing the 1-month returns in tech: Guidance Terminal | Tech 1 month returns Even though Celestica is not part of the SOX index, its stock has been up 60% since the end of March. Guidance Terminal My point is that a wave of profit-taking in tech was simply inevitable, especially after negative headlines impacting sentiment like the one below. X Ok. Let's leave the macro and focus on the micro. Celestica's Q1 revenue of $4.047B was inside its prior $3.85B - $4.15B guidance range and only $47M, or about 1.2%, above the $4.00B midpoint. In my view, that revenue beat is peanuts in the semiconductor world. Also, when compared to the Street's estimates, the top-line result was pretty much in line with the consensus...
Janice Chen/iStock via Getty Images Life Science 2026 trends Many investors in Alexandria Real Estate ( ARE ) know that the combination of unfavorable supply-demand dynamics and the non-accommodating stance of the Trump administration towards healthcare and science have led ARE to become a fallen angel. Trading at + $200 a couple of years back, now trading at around $40. No wonder that the (entire...
Janice Chen/iStock via Getty Images Life Science 2026 trends Many investors in Alexandria Real Estate ( ARE ) know that the combination of unfavorable supply-demand dynamics and the non-accommodating stance of the Trump administration towards healthcare and science have led ARE to become a fallen angel. Trading at + $200 a couple of years back, now trading at around $40. No wonder that the (entire) investment community has turned against the stock. But the funny thing is that even though the fundamentals really took a hit - no doubt - negative sentiment has the tendency to take out all the nuances when having a discussion. As we've seen with Medical Properties Trust ( MPT ) when it traded around $3.50, investors started declaring the company bankrupt, even chanting that management should go to prison. People rarely act rational when emotions take the upper hand. And when a stock tanks, emotions surely take over. This works the other way around as well. Both extreme panic and euphoric manias led to market volatility. But what are the real quantifiable trends that we can work with regarding the industry in which ARE operates? According to CBRE , the 2026 Life Science trends are the following: Construction Is Projected to Hit a 10-Year Low Lab facility investments have reached unprecedented levels Equity market gains and renewed venture capital activity have historically preceded a rise in lab demand—and both were on the upswing heading into 2026. All of this doesn't mean that Alexandria Real Estate is doing well right now, obviously. The ship has to turn first and I prefer buying into a company before it does. That's my contrarian nature and it's not something that many investors are willing to go with. This is fine, since my personal situation (relatively young and working full-time) gives me room to make such contrarian moves. The thing is this: when a company is (temporarily) in a bad spot, there will be a lot of negativity surrounding the stock. It is hard to keep...
Getty Images When you look across a wide mix of assets, what matters isn’t any single return. It’s the relationships. Markets don’t just move, they organize . And right now, the tape is telling me a new organizing principle is snapping back into place: rates down leads to tech up, capex metals up, war hedge fading, and risk-on behaving... but selectively. That "selective" part is key. It's the dif...
Getty Images When you look across a wide mix of assets, what matters isn’t any single return. It’s the relationships. Markets don’t just move, they organize . And right now, the tape is telling me a new organizing principle is snapping back into place: rates down leads to tech up, capex metals up, war hedge fading, and risk-on behaving... but selectively. That "selective" part is key. It's the difference between a durable regime and a blow-off. The cluster that's coming back Correlations are tightening into a cluster again, the kind of cluster that lets you anticipate the next move, because the market starts moving like a system. First: the duration trade is back. Tech and duration-sensitive assets have ripped over a month, while the long end has not confirmed higher yields, which tells you the market thinks the rate pressure has eased. That’s the old, reliable negative beta: when yields stop rising, tech breathes. If that relationship holds, the market is saying, "we can pay for growth again." Second: copper up while oil down is not inflation, it’s capex. When you see copper and materials bid while crude and energy fade, that’s the market distinguishing between two stories: Not “everything is getting more expensive,” But "we’re building." Electrification, grids, AI infrastructure, the real bottlenecks. It’s the “build, not bid” regime showing up in price. Third: crypto is risk-on, but it’s not a mania. Bitcoin and Ethereum up while Solana lags is the same pattern you see in equities when concentration rises: leaders get paid, froth doesn’t. In true, broad risk-on, the junk and the laggards catch up hard. When they don’t, it’s telling you positioning is still cautious, quality-biased, and liquidity-sensitive. So that’s the cluster: rates relief + capex buildout + selective risk appetite. The one-week tape: The market is now "checking the work" Here’s where I switch from "what happened" to "what happens next." The one-week tape looks like a counter-move, not a revers...
Drinks like Dirty Mountain Dew and Coca-Cola Cherry Float are helping the two beverage giants prop up sales. Other major brands are jumping in on the trend as well.
Drinks like Dirty Mountain Dew and Coca-Cola Cherry Float are helping the two beverage giants prop up sales. Other major brands are jumping in on the trend as well.
Rocket Lab (NASDAQ: RKLB) is building a much bigger space business through defense contracts, acquisitions, satellite systems, and Neutron. The upside case is powerful, but the stock's premium valuation means execution matters more than ever. This breakdown considers whether the company's momentum can support more gains or whether investors should wait for a better price. Stock prices used were th...
Rocket Lab (NASDAQ: RKLB) is building a much bigger space business through defense contracts, acquisitions, satellite systems, and Neutron. The upside case is powerful, but the stock's premium valuation means execution matters more than ever. This breakdown considers whether the company's momentum can support more gains or whether investors should wait for a better price. Stock prices used were the market prices of April 25, 2026. The video was published on April 28, 2026. Continue reading
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Wolf von Rotberg, J Safra Sarasin, Equity Strategist; Gorana Grgić, ETH Zürich, Centre for Security Studies Global Secu...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Wolf von Rotberg, J Safra Sarasin, Equity Strategist; Gorana Grgić, ETH Zürich, Centre for Security Studies Global Security Head (Source: Bloomberg)
Guanajuato Silver Company Ltd. press release ( GSVR:CA ): Q4 GAAP EPS of -$0.04. Revenue of $22.7M. $10.3 million accrued liability provision for legal costs and losses related to the potential unfavorable outcome in the lawsuit with NucTech Mexico, S.A. de C.V. announced on July 22, 2025 and updated on December 4, 2025; this lawsuit remains under appeal and will continue to be vigorously defended...
Guanajuato Silver Company Ltd. press release ( GSVR:CA ): Q4 GAAP EPS of -$0.04. Revenue of $22.7M. $10.3 million accrued liability provision for legal costs and losses related to the potential unfavorable outcome in the lawsuit with NucTech Mexico, S.A. de C.V. announced on July 22, 2025 and updated on December 4, 2025; this lawsuit remains under appeal and will continue to be vigorously defended by the Company. A non-cash $6.8M derivative accounting loss generated by the gold-loan with Ocean Partners. This non-cash loss accounted for over 25% of the total net loss; the loan structure continues to act as a synthetic hedge to the Company's gold production. $2.8M for other legal accruals. A $1.2M write-down of the Cata mill, which was put on care & maintenance in December 2025. A $2.4M write-off for legacy Value Added Tax that was determined to be non-recoverable. More on Guanajuato Silver Company Ltd. Historical earnings data for Guanajuato Silver Company Ltd. Financial information for Guanajuato Silver Company Ltd.
Airport Authority Hong Kong (AAHK) has issued HK$19 billion (US$2.4 billion) of multi-tranche senior notes, the largest Hong Kong dollar-denominated bond offering to date, drawing nearly three times oversubscription. The success of the offering reinforces the Hong Kong dollar’s position as a reliable funding currency and the city’s role as a fixed income and currency hub, according to bankers. The...
Airport Authority Hong Kong (AAHK) has issued HK$19 billion (US$2.4 billion) of multi-tranche senior notes, the largest Hong Kong dollar-denominated bond offering to date, drawing nearly three times oversubscription. The success of the offering reinforces the Hong Kong dollar’s position as a reliable funding currency and the city’s role as a fixed income and currency hub, according to bankers. The notes were “well received” by investors including sovereign wealth funds, asset managers,...
DKosig Wheels Up ( UP ) announced on Wednesday that it has retired its legacy jet fleets from revenue service and completed the key step in its fleet modernization plan about 18 months ahead of schedule. The company now operates exclusively Phenom 300 and Challenger 300 series aircraft in its on-fleet jet operations, which is a shift that it says should improve consistency, premium service, and op...
DKosig Wheels Up ( UP ) announced on Wednesday that it has retired its legacy jet fleets from revenue service and completed the key step in its fleet modernization plan about 18 months ahead of schedule. The company now operates exclusively Phenom 300 and Challenger 300 series aircraft in its on-fleet jet operations, which is a shift that it says should improve consistency, premium service, and operating efficiency. The move continues a strategy first announced in October 2023 and is meant to simplify the company’s fleet and product structure while better matching aircraft availability with customer demand. Looking ahead, Wheels Up ( UP ) noted that the transition should support stronger scale efficiencies and a more scalable aviation platform, and management said customer satisfaction has improved with the newer Phenom and Challenger offering. "Retiring our legacy jet fleets from revenue service repositions our offering to a more consistent, premium, and operationally efficient experience for our members and customers," highlighted CEO George Mattson. Shares of Wheel Up ( UP ) were up 4.6% in premarket trading on Wednesday. More on Wheels Up Experience Wheels Up Experience Inc. (UP) Presents at Barclays 43rd Annual Industrial Select Conference Transcript Financial information for Wheels Up Experience
INDIANAPOLIS, IN / ACCESS Newswire / April 29, 2026 / Arrive AI (NASDAQ:ARAI), an autonomous delivery infrastructure company, announced it is accelerating artificial intelligence (AI) and robotics development using NVIDIA Isaac Sim and high-performance ...
INDIANAPOLIS, IN / ACCESS Newswire / April 29, 2026 / Arrive AI (NASDAQ:ARAI), an autonomous delivery infrastructure company, announced it is accelerating artificial intelligence (AI) and robotics development using NVIDIA Isaac Sim and high-performance ...