Tverdohlib/iStock via Getty Images Quarterly review The fund outperformed the MSCI Emerging Markets Index (Net) for the quarter that ended March 31, 2026. At the sector level, stocks within the financials, consumer staples, and consumer discretionary sectors served as relative contributors, while stocks within the industrials, information technology (IT), and utilities sectors hindered relative performance. At the country level, stock selection in India, Brazil, and Peru aided relative performance, while stocks within South Africa, Taiwan, and Thailand impeded relative returns. Market review Emerging market equities, as measured by the MSCI Emerging Markets Index (Net), declined 0.17% in the first quarter, as attractive relative valuations continued to result in outperformance versus developed markets. China/Hong Kong underperformed (-8.94%) the benchmark in the first quarter, as equities weakened amid the Middle East conflict, but still outperformed many peer markets. The National People's Congress set a conservative 4.5-5.0% growth target, signaling support for stability and innovation without aggressive stimulus as China enters the 15th Five-Year Plan. Taiwan equities advanced 9.09%, despite weak market performance in March due to profit-taking pressure following strong year-to-date gains amid uncertainty around global geopolitical risks. India's market had poor performance (-18.13%) on concerns related to higher prices and availability of crude oil and natural gas and its adverse effect on the economy. Outside of Asia, performance was mixed, with Latin America generally outperforming the broader MSCI Emerging Markets Index (Net). Brazil markets outperformed (19.10%) the benchmark as the government implemented a diesel subsidy funded by a temporary 11% crude export tax. Mexico also outperformed (7.68%) the benchmark, as formal bilateral meetings on the United States-Mexico-Canada Agreement joint review began. Higher oil prices also benefited the energy sector of ...

400tmax United Parcel Service ( UPS ) fell in early action Tuesday after the delivery company issued a better-than-anticipated Q1 earnings report but did not push up its full-year guidance. Revenue was 1.4% lower than a year ago during the quarter at $21.2B, and adjusted EPS came in at $1.07 vs. $1.02 consensus. Revenue in the U.S. domestic segment was down 2.3% year-over-year to $14.1B vs. $13.9B consensus, primarily driven by an expected decline in volume. Revenue per piece grew by 6.5%. Non-GAAP adjusted operating margin was 4.0% in the segment. International package segment revenue was up 3.8% to $4.54B vs. $4.37B, driven by a 10.7% increase in revenue per piece. Supply chain solutions revenue fell 6.5% to $2.54B vs. the $2.72B consensus estimate. The revenue decline was primarily due to a decline in volume in the Mail Innovations business. UPS' ( UPS ) reported a consolidated non-GAAP adjusted operating margin of 6.2% of sales for the quarter. CEO update: "The first quarter of 2026 marked a critical transition period for UPS in which we needed to flawlessly execute several major strategic actions, and we delivered. With that behind us, we expect to return to consolidated revenue and operating profit growth and adjusted operating margin expansion in the second quarter of this year" For the full year, UPS ( UPS ) expects revenue to be approximately $89.7B vs. $89.7B consensus, and non-GAAP adjusted operating margin to be approximately 9.6%. In addition, the company is planning capital expenditures of about $3.0B and dividend payments of around $5.4B, subject to board approval. The effective tax rate is expected to be approximately 23.0%. Shares of UPS ( UPS ) were down 3.0% in premarket trading, while FedEx ( FDX ) shed 0.7%. More on UPS United Parcel Service: Buying Opportunities After The Selloff United With Valuation UPS: Rising Oil Prices Reveal How Fragile The Carrier's Profitability Levels Remain UPS: Positioning Itself For Future Success UPS beats top-line...

Hycroft Mining Holding ( HYMC ): Q1 GAAP EPS of -$0.54. Press Release More on Hycroft Mining Hycroft Mining: Up 1,300% Since My Sell Call - Why I'm Still Bearish Block sees lowest interest from short sellers in March among crypto firms with over $2B market cap Flat gold prices YTD mask big moves in mining stocks Seeking Alpha’s Quant Rating on Hycroft Mining Financial information for Hycroft Mining

日本国土交通省4月28日发布消息称，今年3月29日至10月24日，日本国际客运航班计划为每周5445.5班，较去年同期减少4%。这将是自2020年以来，时隔6年首次出现减少。其中，往返中国内地的航班将大幅减少53%。（央视新闻）

BYD Co. ’s quarterly profit tumbled to its lowest level in more than three years as the the world’s largest maker of electric vehicles offered more discounts on its cars to fend off mounting competition. Net income fell 55% to 4.08 billion yuan ($597 million) in the three months ended March 31, the Shenzhen-based automaker said Tuesday. That’s in line with the 4.1 billion yuan average of five analyst estimates compiled by Bloomberg. Revenue fell 12% to 150.2 billion yuan. The results extended the Shenzhen-based company’s streak of profit drops to four quarters as it faced intensifying competition from the likes of Xiaomi Corp. and Geely Automobile Holdings Ltd. That’s prompted the industry leader to slash prices to stay ahead, with discounts in March climbing to the highest level in two years, and eroding profits that BYD generates from each car. Read More: BYD Discounts Show China’s EV Price War Is Worsening “Margin pressure in the first quarter looks underestimated, but we expect it to ease in coming quarters,” Macquarie Capital Ltd. analyst Eugene Hsiao wrote in a note before the earnings were released. Still, his team would “remain cautious” in the near term, he wrote. There were some greenshoots. Overseas sales jumped more than 50% in the first quarter as surging oil prices boosted demand for electric cars. Exports accounted for about 45% of BYD’s deliveries in the first quarter, putting it on track to reach its target of selling 1.5 million cars outside China this year. Read More: BYD Showrooms Are Bustling Across Asia After Iran Oil Shock The stock also received a boost Monday on reports BYD had received more than 30,000 pre-orders within the first 24 hours of the launch of its new flagship Great Tang sport utility vehicle. Unveiled at the Beijing auto show , the seven-seater features BYD’s latest blade batteries capable of driving nearly 1,000 kilometers (620 miles) on a single charge and is expected to start at 250,000 yuan. But the shares fell 2.2% to HK$1...

格隆汇4月28日｜据央视，根据尼泊尔旅游局的通报，截至4月27日，尼泊尔今年已经发放了425份从南坡攀登珠穆朗玛峰的许可。

General Motors ( GM ) declares $0.18/share quarterly dividend , in line with previous. Forward yield 0.92% Payable June 18; for shareholders of record June 5; ex-div June 5. See GM Dividend Scorecard, Yield Chart, & Dividend Growth. More on General Motors General Motors: Structural Transformation Underway And Undervalued (Q1 Earnings Preview) General Motors: Why This Auto Stock Could Be The Most Interesting One General Motors: Free Cash Flow Hums Along, Raising My Target Again General Motors Non-GAAP EPS of $3.70 beats by $1.08, revenue of $43.62B beats by $70M GM Q1 likely soft on tariffs and tough comps

格隆汇4月28日｜通用汽车美股盘前拉升涨超5%。公司第一季度营收436.24亿美元，略高于市场预期的434亿美元；调整后每股收益3.70美元，市场预期2.60美元。

iQoncept/iStock via Getty Images A rising capital expenditure figure often signals that a company is betting heavily on its own future growth. Below is a list of U.S. large-cap healthcare stocks ranked by their year-over-year CapEx growth percentage, spanning multiple sectors and market capitalizations. Summit Therapeutics ( SMMT ) tops the list with a CapEx growth rate of 372.66% year-over-year, investing $657,000 in capital expenditures in fiscal 2025, a figure that is modest in absolute terms but reflects a dramatic scaling up from a near-zero base as the clinical-stage biotech builds out its operational infrastructure around its promising lung cancer candidate ivonescimab. Penumbra ( PEN ) and United Therapeutics ( UTHR ) follow in second and third place with growth rates of 200.86% and 111.16% respectively, while Elanco Animal Health ( ELAN ) and Alnylam Pharmaceuticals ( ALNY ) round out the top five at 87.76% and 71.24%. Amgen ( AMGN ) and Natera ( NTRA ) occupy the sixth and seventh positions with CapEx growth of 69.53% and 59.87%, while Revolution Medicines ( RVMD ) and Eli Lilly ( LLY ) follow at 55.12% and 55.02%. Insulet Corporation ( PODD ) rounds out the list at 53.40%, with its $219.4 million in 2025 CapEx reflecting the build-out of new manufacturing plants in Malaysia and Costa Rica to support 30%-plus unit volume growth in its Omnipod insulin delivery system. All 10 stocks on this list carry Hold ratings ranging from 2.69 to 3.36 , a signal that the quant models view healthcare CapEx expansion as largely priced in without clear fundamental outliers in either direction. Here is the list: Summit Therapeutics Inc. ( SMMT ), CapEx growth YoY: 372.66% Penumbra, Inc. ( PEN ), CapEx growth YoY: 200.86% United Therapeutics Corporation ( UTHR ), CapEx growth YoY: 111.16% Elanco Animal Health Incorporated ( ELAN ), CapEx growth YoY: 87.76% Alnylam Pharmaceuticals, Inc. ( ALNY ), CapEx growth YoY: 71.24% Amgen Inc. ( AMGN ), CapEx growth YoY: 69.53% Natera, I...

Rivian (NASDAQ: RIVN) CEO RJ Scaringe made $403 million last year. Given the EV company’s financial results and the fact that the stock is down to the point it has ruined the investment of long-term shareholders, that seems excessive. Scaringe received $373.5 million in option awards, more than $26.6 million in stock awards, and about ... Rivian CEO Makes $403 Million

格隆汇4月28日｜蒙特利尔银行将微软目标价从575美元下调至505美元。

NicoElNino Optical and networking stocks came under pressure in premarket trading Tuesday, led by continued weakness in POET Technologies ( POET ) after the stock’s ~47% collapse in the prior session tied to cancelled purchase orders. On Monday, POET Technologies—a provider of integrated photonic solutions for AI and optical networking—said that Celestial AI had cancelled all outstanding purchase orders. Marvell Technology ( MRVL ), which owns Celestial AI, provided written notice of the cancellation to the company on April 23, 2026. POET ( POET ) fell another ~2.8% premarket today, extending what is now a sharp drawdown and reinforcing concerns around demand visibility. The weakness spilled across the broader peer group despite otherwise strong factor profiles. Coherent ( COHR ) and Credo Technology ( CRDO ) both declined 1.7% and 5.8% premarket, respectively. Applied Optoelectronics ( AAOI ) -3.1%, Lumentum ( LITE ) -2.9%, and Ciena ( CIEN ) -1.4% also traded lower. Against this backdrop, here’s a look at recent performance across a range of optical, networking, and related infrastructure names, along with their Quant Ratings: POET Technologies ( POET ): -37.74% (5D), +25.59% (YTD), Quant Rating: Strong Buy Coherent ( COHR ): -8.26% (5D), +74.20% (YTD), Quant Rating: Hold Credo Technology Group ( CRDO ): -4.74% (5D), +25.44% (YTD), Quant Rating: Strong Buy Lumentum ( LITE ): -1.59% (5D), +133.23% (YTD), Quant Rating: Strong Buy Ciena ( CIEN ): +1.48% (5D), +116.50% (YTD), Quant Rating: Hold Applied Optoelectronics ( AAOI ): -2.44% (5D), +318.19% (YTD), Quant Rating: Hold Arista Networks ( ANET ): -2.96% (5D), +31.63% (YTD), Quant Rating: Hold Fabrinet ( FN ): -0.77% (5D), +50.40% (YTD), Quant Rating: Strong Buy Corning Incorporated ( GLW ): -0.44% (5D), +91.88% (YTD), Quant Rating: Hold Amphenol Corporation ( APH ): +0.34% (5D), +9.99% (YTD), Quant Rating: Hold Pressure appears to be concentrated in higher-beta AI optical names, while more diversified infrastructu...

undefined China’s automotive industry entered 2026 under mounting strain, as a bruising price war , chronic overcapacity and the high cost of an electric-vehicle (EV) transition left many carmakers selling more cars while making less money — or none at all. The pressure is visible in the latest annual reports from Chinese carmakers, where strong deliveries no longer guaranteed stronger earnings. Even industry leaders such as BYD Co. Ltd. ( 002594.SZ ) posted declining profits in 2025, while state-owned giants such as Guangzhou Automobile Group Co. Ltd. ( 601238.SH ) (GAC) and SAIC Motor Corp. Ltd. ( 600104.SH ) continued to wrestle with the erosion of once-lucrative joint-venture businesses. Newer EV-makers, meanwhile, are struggling to prove they can generate sustainable profits without relying on outside capital or one-off gains.

Curbline Properties Corp. press release ( CURB ): Q1 FFO of $0.28 beats by $0.01 . Q1 GAAP EPS of $0.03 Revenue of $57.99M (+49.8% Y/Y) beats by $2.77M . The Company has updated its guidance for net income attributable to Curbline for 2026 to be from $0.29 to $0.36 per diluted share and Operating FFO to be from $1.20 to $1.23. Net income attributable to Curbline $0.32 — $0.40 $0.29 — $0.36 Depreciation and amortization of real estate, net 0.85 — 0.81 0.90 — 0.86 FFO attributable to Curbline (NAREIT) $1.17 — $1.21 $1.19 — $1.22 Transaction and other costs, net (reported actual) N/A 0.01 Operating FFO attributable to Curbline $1.17 — $1.21 $1.20 — $1.23 Click to enlarge More on Curbline Properties Corp. Curbline Properties Corp. 2025 Q4 - Results - Earnings Call Presentation Curbline Properties Corp. (CURB) Q4 2025 Earnings Call Transcript Curbline Properties prices $204M stock offering Curbline Properties plans public offering of common stock Seeking Alpha’s Quant Rating on Curbline Properties Corp.

格隆汇4月28日｜比亚迪发布一季度财务数据，期内实现营业收入1502.25亿元，同比下降11.82%；归属于上市公司股东的净利润40.85亿元，同比大降55.38%；扣非净利润41.48亿元，同比下滑49.24%。第一季度基本每股收益0.4480元/股，同比下降56.89%；加权平均净资产收益率1.65%，同比下降2.72个百分点。

Bet_Noire/iStock via Getty Images I previously rated ASML Holding N.V. ( ASML ) ( ASMLF ) as a Hold in February 2026, with the overly done rally/premium valuations already negating the robust increase in its bookings/backlogs for the next-gen lithography offerings. In this article, I shall discuss why ASML remains a Hold despite the robust tailwind from the multi-year cloud spending trends. ASML Proves Its AI Beneficiary Status ASML 1Y Stock Price ( TradingView) Since my last Hold rating, ASML has mostly traded sideways at +0.91% compared to the wider market at +2.7%, with it naturally lending credence to the caution offered in my last article. The sluggish stock price movement is also indicative of the premium previously embedded in its stock valuations from the overly done January 2026 rally, despite the lifting AI sentiments as the market enters the promising Q1'26 earnings season. 1. Durability of AI Spending Trends For now, the two godfathers of the AI boom, ASML and Taiwan Semiconductor Manufacturing ( TSM ), already reiterate the durability of the multi-year cloud super cycle as the six largest US hyperscalers also guide approximately $700B in capital expenditure in 2026, " nearly six times 2022 levels ." Particularly, the outsized spending trends are relatively well split between the logic and memory segments, as observed in ASML's net system sales, "almost equally split between Logic at 49% and Memory at 51% " in FQ1'26. This development is unsurprising indeed, as TSM reports very tight capacity and a "higher overall capacity utilization rate ," along with the growing demand for high-tech 3nm/5nm offerings at 61% of its FQ1'26 revenues ( +3 points YoY ). Readers may also want to note that a similar cadence has been reported by Micron ( MU ), attributed to the " increase in memory demand driven by AI, structural supply constraints," along with the ongoing sampling of their next-gen HBM4 offering in 2026 and the volume ramp of HBM4E in 2027. With the litho/se...

(RTTNews) - Rithm Capital Corp. (RITM) released a profit for its first quarter that Increased, from the same period last year

shih-wei/E+ via Getty Images Investment Manager Discussion The convertible market enters the second quarter navigating a complex investment landscape. Conflict in the Middle East, private equity valuation pressures, and the accelerating disruption that AI is introducing to software and knowledge-based businesses each present their own set of risks. The Middle East conflict has the broadest implications, with the potential to influence the path of inflation, economic growth, and monetary and fiscal policies. Even if current geopolitical tensions subside quickly, fall midterm elections are approaching and carry significant fiscal policy implications. Because convertibles combine attributes of stocks and fixed-income securities, we believe they can continue to provide attractive strategic benefits in an environment characterized by hard-to-predict and rapidly moving geopolitical and macro crosscurrents. However, disciplined monitoring, portfolio flexibility and active management focused on fundamentals will be essential for navigating this environment. Our overall focus remains on identifying resilient thematic growth trends, bottom-up company selection, and active rebalancing of security-specific risk/reward trade-offs across the portfolio. We maintain our preference for convertible structures that provide favorable asymmetric payoff profiles—that is, offering attractive levels of upside equity participation with less exposure to downside moves. We continue to emphasize companies with improving margins and free cash flow, accelerating returns on invested capital, and attractive equity valuations. Information technology and industrials are CICVX's two largest sector allocations and represent the fund's most significant relative overweights. Within these sectors, we are investing in companies at the forefront of AI data center construction and power delivery, as well as the connectivity infrastructure that supports them. This is a structural, multiyear investment cycle ...

Intel stock skyrocketed after its results soared past analyst expectations.

Key PointsIntel is benefiting from a surge in demand for server CPUs.

Intel Just Shocked Everyone, but Is the Stock Still a Buy? Yahoo Finance

Amazon, Salesforce, and Alphabet are each building distinct positions in agentic AI through infrastructure, enterprise software, and vertical integration.

After a strong run, Marriott stock is near record highs, leaving investors to weigh whether the momentum can continue from here.

格隆汇4月28日｜据伊朗方面消息，关于禁止出口任何类型的钢坯、冷轧卷板、热轧卷板、镀锡板、其他涂层卷板、镀锌板、彩涂板、热轧带钢、冷轧带钢、钢带、镀锡带钢、镀锌带钢、其他涂层带钢以及彩涂带钢的海关执行指令已经发布。

(RTTNews) - Polaris Inc. (PII) on Tuesday reported a narrower first-quarter loss, primarily helped by growth in sales.

格隆汇4月28日｜通用汽车(GM.US)上调因关税成本调整带来的收益指引。

(RTTNews) - Spotify Technology S.A. (SPOT, 639.DE, 1SPOT.MI) reported first quarter net income attributable to owners of the parent of 721 million euros compared to 225 million euros, prior year. Earnings per share was 3.45 euros compared to 1.07 euros. Operating income was 715 m

格隆汇4月28日｜工业和信息化部办公厅印发《工业场景数据要素应用参考指引》。指引指出，为深入贯彻落实《中共中央国务院关于构建数据基础制度 更好发挥数据要素作用的意见》和全国新型工业化推进大会部署，加快释放工业数据要素价值，促进数据要素赋能新型工业化，特制定本指引。本指引围绕研发设计、生产制造、经营管理、客户服务、产业协同等5个环节，凝练出23个典型场景中的数据“采、集、用”及预期效果，为工业企业、数字化转型服务商、行业组织等推进工业数据开发利用提供参考。

财联社4月28日讯（编辑 杨斌） 季报发布渐入高峰，从目前已发布一季报的13家上市银行来看，一季度银行业绩喜人。13家银行营收、净利全部正增长，部分银行由2025的负增长转正，增速提升幅度可超过25个百分点。 财联社拆解银行一季报收入发现，净利息收入大增成为银行业绩改善的主要原因。业内指出，一季度银行息差阶段性企稳，利息收入回暖确定性强，而财富管理也支撑手续费维持正增长。 5家银行营收增速由负转正 目前，已公布2026年一季报的银行以城农商行为主。13家银行的一季度的营收全部实现增长，且增长幅度较2025年年报扩大。其中，沪农商行、贵阳银行、紫金银行、平安银行、北京银行等5家银行的2025年营业收入同比下滑，而进入2026年一季度后营收增速悉数转正。 图：上市银行一季报营收及增速 （资料来源：Choice数据，财联社整理） 净利润的表现呈现相似的趋势，13家上市银行一季度的增速全部为正。其中，紫金银行、平安银行、北京银行等3家银行由2025年度的负增长转正。 图：上市银行一季报净利及增速 （资料来源：Choice数据，财联社整理） 息差企稳助银行净利息收入大增 西安银行一季度实现营业收入28.86亿元，同比增长41.54%，增速较2025年加快近20个百分点。公司在季报中称，主要系利息净收入增加所致。 一季报显示，南京银行实现利息净收入108.09亿元，同比增长39.44%；占营业收入的比重67.09%，上升12.46 个百分点。 从净利息收入来看，13家银行2026年一季度的增速几乎全部快于2025年年报，或增长幅度扩大，或下滑幅度收窄。 图：一季度银行净利息收入及增速 （资料来源：Choice数据，财联社整理） 西部证券金融业分析师孙寅指出，一季度银行息差阶段性企稳。在价格端，政策呵护息差，行业自律机制协调下新置换贷款利率降幅收窄。在负债端，高息存款密集重定价，同时负债结构优化带来付息成本有效释放。 国盛证券研报预计，2026年一季度上市银行净息差同比降幅将进一步收窄，部分银行有望实现季度间企稳甚至小幅回升，成为一季度业绩超预期的核心底层逻辑。 在公布净息差数据的银行中，贵阳银行由去年年报的1.58%上升8个BP至一季度的1.66%。而贵阳银行一季度的营收增速由去年的-12.94%提升至14.60%，其中净利息收入-8.28%提升至12.60%。 图：部分银行2...

(RTTNews) - Zimmer Biomet Holdings Inc. (ZBH) released earnings for its first quarter that Increases, from the same period last year