In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Expand Energy Corp (Symbol: EXE), which saw buying by Director Matthew Gallagher. Back on February 19, Gallagher invested $100,660.00 into 1,000 shares of EXE, for a cost per share of $100.66. In trading on Friday, shares were changing hands as low as $106.62 per share, which is 5.9% above Gallagher's purchase price. It should be noted that Gallagher has collected $0.57/share in dividends since the time of their purchase, so they are currently up 6.5% on their purchase from a total return basis. Expand Energy Corp shares are currently trading +1.07% on the day. The chart below shows the one year performance of EXE shares, versus its 200 day moving average: Looking at the chart above, EXE's low point in its 52 week range is $91.015 per share, with $126.6205 as the 52 week high point — that compares with a last trade of $108.38. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months: Purchased Insider Title Shares Price/Share Value 02/19/2026 Matthew Gallagher Director 1,000 $100.66 $100,660.00 The DividendRank report noted that among the coverage universe, EXE shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Expand Energy C...

In trading on Friday, shares of Renasant Corp (Symbol: RNST) crossed below their 200 day moving average of $36.82, changing hands as low as $36.01 per share. Renasant Corp shares are currently trading down about 4.2% on the day. The chart below shows the one year performance of RNST shares, versus its 200 day moving average: Looking at the chart above, RNST's low point in its 52 week range is $26.97 per share, with $42.11 as the 52 week high point — that compares with a last trade of $36.25. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Last weekend, France launched a new shirt. Antoine Dupont, Louis Bielle Biarrey and Matthieu Jalibert, along with footballers Djibril Cisse and Hugo Ekitike, featured in a glossy advert, external for the powder-blue retro number France will wear against England on the final day of the Six Nations. By contrast, England, for this weekend against Italy, have opted for the bibs. Their new-look backline's only experience together is in training singlets in practice. Look instead for smaller combinations within the whole and you find only thin threads of understanding. Fly-half Fin Smith and inside centre Seb Atkinson came up through the Worcester youth system and featured in six first-team games together half a decade ago. Smith and outside centre Tommy Freeman are both at Northampton, although Freeman is more usually deployed on the wing, rather than midfield, at club level. Atkinson and wing Tom Roebuck were both part of England's Test series win in Argentina. And, er, that's about it. Seven players from six different clubs and a whole lot of unknowns. Head coach Steve Borthwick has, in the past, zeroed in on the continuity, cohesion and the long-term lessons imprinted by the white heat of a Test match - but was citing different evidence this week. "Much of this backline has trained for four or five weeks together and trained very, very well," he said. "I say again how much I value what I see in training. I say it to the players, that I'm watching every bit of training and I value performance in training. This is a very strong message about the ethos within the England team, that you will be rewarded for performing in that sense." It is a stark shift. But then England's downturn over the past two games has been dramatic. England were not even close to Scotland and Ireland in the past two rounds, losing by 11 and 21 points. They didn't just chase the wrong gameplan, make poor decisions and show little signs of being able to switch strategies. Individually they were also...

From guns to ballots: FARC's campaign for votes in Colombia toggle caption John Otis/NPR BUGALAGRANDE, Colombia—Ten years ago, former Marxist guerrillas in Colombia signed a peace treaty with the government. The deal allowed them to lay down their weapons and run for elected office. Now, a decade later, they're discovering that winning votes can be harder than waging war. Among them is Luis Albán who is campaigning to keep his seat in Colombia's congress. At a get-out-the-vote rally in the western Colombian town of Bugalagrande. the stocky, bearded candidate seems shy and disoriented. He neglects to tell people that legislative elections are on Sunday or even to state his own name. Albán, 68, is more accustomed to hiding who he is. At age 12 he joined a clandestine communist youth group then spent 40 years on the run as a high-ranking member of the Revolutionary Armed Forces of Colombia. Known as the FARC, it used to be the country's largest, and most feared, guerrilla group. Speaking to NPR from a crowded coffee shop, Albán admits: "I never thought I'd be a congressman." Sponsor Message That changed after the FARC signed a 2016 peace treaty that ended more than a half century of fighting. The guerrillas agreed to lay down their weapons, face justice, and compensate their victims in exchange for political guarantees and government promises to develop poor, rural areas that gave rise to the FARC in the 1960s. To help the FARC transition to electoral politics, the accord gave the former guerrillas 10 seats in Colombia's Congress for two four-year legislative terms – a grace period that ends this year. As a FARC congressman for the past eight years, Albán learned how to write legislation and carry out debates. But to hang onto their jobs, Albán and other FARC lawmakers will have to win thousands of votes. "This is our first serious campaign," Albán says. "It's very difficult." Other former guerrillas have managed to pull this off -- chief among them Gustavo Petro. In t...

Over the past few months, several countries have announced plans to restrict social media access for children and teens. Australia became the first to implement such measures at the end of last year, setting a precedent that other countries are now closely watching. Australia’s regulations, along with other countries’ proposals, aim to reduce the pressures and risks that young users may face on social media, which include cyberbullying, addiction, mental health issues, and exposure to predators. Of course, there are concerns about privacy regarding invasive age verification and excessive government intervention. Critics, including Amnesty Tech, have said such bans are ineffective and that they ignore the realities of younger generations. Despite this, many nations are moving ahead with proposed legislation. We’ve compiled a list of countries that are considering or have already moved forward with bans on social media for young users. Australia Australia became the world’s first country to ban social media for children under 16 in December 2025. The ban blocks children from using Facebook, Instagram, Snapchat, Threads, TikTok, X, YouTube, Reddit, Twitch, and Kick. It notably doesn’t include WhatsApp or YouTube Kids. The Australian government has said these social media companies must take steps to keep children off their services. Companies that fail to comply may face penalties of up to $49.5 million AUD ($34.4 million USD). The government says these platforms should use multiple verification methods to ensure that people using their services are older than 16. It also notes that they can’t rely on users simply entering their own age. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now...

The surge in yield premiums on US investment-grade bonds of insurers, triggered by concerns around exposure to private credit, is “overdone,” according to Goldman Sachs Group Inc. ’s credit strategists. In recent weeks, worries around artificial intelligence’s disruptive potential and risks in private credit deals have pushed US high-grade spreads wider, with the latter particularly affecting life insurers’ bonds, strategists including Spencer Rogers wrote on Thursday. “The market narrative centers on life insurers as a conduit for private credit risk and on the growing web of ownership and distribution ties between insurers and alternative asset managers,” the strategists said. “Our review of a representative sample of life insurers suggests balance sheet positioning is less aggressive than feared.” Average yield premiums across US life insurer notes are about 45 basis points wider than those of broad US corporate investment-grade bonds , double the gap 12 months ago, Bloomberg indexes show. Spreads on life insurer debt widened to as high as 132 basis points earlier this week, the highest since May, but have trimmed the move since, the data shows. Private credit managers in the US have faced a spate of investor withdrawals on worries they have lent too much to software firms , which could be disrupted by rapid AI advances. Increased ties between insurance firms and US alternative asset managers since the global financial crisis has also exacerbated fears after insurers devoted more funds to private and structured credit to boost returns. Some of those concerns may be exaggerated, according to the Goldman strategists. Based on an examination of balance sheets of a representative sample of life insurers, they found that the median allocation to alternative assets was only 6%. Read also: Systemic Risk Fears Rise as Private Equity Reshapes Insurance Opaque investments in private credit may also not be as high as feared. Disclosures suggest that private securities of in...

An increasingly acrimonious spat between Hungary and Ukraine has escalated further, as Budapest impounded two Ukrainian armoured bank vehicles carrying millions of euros of hard cash as well as bars of gold. Seven Ukrainian citizens accompanying the convoy were also arrested. Hungarian officials said the detained Ukrainians had intelligence links and suggested the money could be of dubious origin, while Ukraine’s foreign minister, Andrii Sybiha, accused Budapest of “taking hostages and stealing money”. Sybiha also accused the pro-Russian Hungarian president, Viktor Orbán, of cooking up the scandal for political gain, ahead of Hungarian elections next month. Hungary’s national tax and customs administration said it had opened a money-laundering investigation over the shipment, which it said was made up of $40m and €35m in cash, as well as 9kg of gold. It said one of those arrested was “a former Ukrainian intelligence service general”. Oschadbank, Ukraine’s state savings bank, said its staff were transporting cash and gold between between Austria and Ukraine in a “routine trip”, carried out by land because of restrictions on air travel in Ukraine. But Orbán’s political director, Balázs Orbán, cast doubt on the shipment: “Armoured vehicles full of cash and gold moving across Hungary is not how legitimate financial transactions usually work,” he wrote on X. “The real question is simple: who stands behind this money and what is it meant to finance?” The seizure follows a dispute over gas supplies, in which Hungary and Slovakia have accused Kyiv of deliberately stalling on repairs to an oil pipeline after it was hit in an apparent Russian drone attack. In response, Orbán vetoed further EU sanctions on Russia as well as an additional €90bn loan for Ukraine. Volodymyr Zelenskyy responded to the loan veto on Thursday with what sounded like a physical threat to Orbán. “We hope that one person in the European Union will not block the 90 bn Otherwise we will give this person’s ...

A modest investment in SpaceX that thrust a niche fund into the limelight in recent months has morphed into a monster position, testing the very capacity of exchange-traded funds to hold unlisted assets. Around 37% of the ERShares Private-Public Crossover ETF is now invested in Elon Musk ’s rocket ship maker, a figure that has climbed well above 40% in recent days, according to data compiled by Bloomberg. It’s practically unheard of for a private firm to account for so much of a single ETF, since the US Securities and Exchange Commission limits open-ended vehicles to investing just 15% of their assets in illiquid securities. That rule is intended to ensure they can meet redemptions, particularly at times of stress. The shift reflects the mechanics of managing a daily-traded fund that owns hard-to-sell assets. The SpaceX stake grew during a period of heavy inflows and a jump in the private company’s valuation. As investors later pulled money out, the fund met redemptions largely by selling liquid public stocks rather than the SpaceX holding, which isn’t easily traded. That left the portfolio increasingly dominated by the private investment. The rapid shift in the composition of XOVR , as the fund is known, threatens to re-energize a debate about whether the hyper-liquid ETF structure can safely contain private assets, as well as what classifies as illiquid and how such investments get valued. “It makes me more dubious about the proposition of stuffing hard-to-trade assets into daily-liquidity vehicles like ETFs,” said Jeffrey Ptak , managing director at industry data provider Morningstar Inc. , who wrote a report criticizing the fund last week. “The ETF is saddled with a huge concentration in a hard-to-trade-and-value security.” Trading Mismatch In the past two years, fund issuers have been racing to find ways to add unlisted assets into ETFs to give retail investors easy access to private markets. The major sticking point has been the liquidity mismatch: ETF shares ...

Palantir Technologies Inc's (NYSE:PLTR) short interest as a percent of float has risen 13.53% since its last report. According to exchange reported data, there are now 51.37 million shares sold short, which is 2.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Palantir Technologies Inc Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Palantir Technologies Inc has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. Comparing Palantir Technologies Inc's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro, Palantir Technologies Inc's peer group average for short interest as a percentage of float is 5.46%, which means the company has less short interest than most of its p...

格隆汇3月7日丨随着中东冲突不断扩大，出口商千方百计寻找绕开该地区的航线，多家炼油厂减产进一步引发全球对能源危机的恐惧。越来越多的油轮从波斯湾转向红海，沙特阿拉伯正增加延布港的原油装载量。霍尔木兹海峡交通近乎瘫痪导致该地区各地的储油罐即将满溢，无人机和导弹频频将沙特、科威特和巴林炼油厂作为袭击对象，数家炼厂不得不削减产能。不断升级的战争切断了流向亚洲和欧洲关键客户的石油和天然气供应，导致能源价格飙升。由于无法通过霍尔木兹海峡出口，伊拉克在本周早些时候被迫开始关闭其最大油田。本月已有五艘超级油轮在延布港装货，其他油轮最近也转向该地区。但是，尽管沙特可以找其他路线运输其大部分原油，中东其他生产商在储油空间耗尽前通过霍尔木兹海峡恢复出口的可能性正在越来越小。

(Sire) Dodgy conspiracy theories are thankfully kept to one track, but the rest is not much better, lacking insight even when Morrissey returns to his specialist subjects Pretend that you don’t know a single thing about Steven Morrissey . Then play his recent single Notre-Dame . First you’ll hear a stutter of the kind of noirish, poptimised disco that might herald a new Harry Styles number, then a tremulous, faintly glitchy voice singing about the Paris cathedral. You will probably be aware that Notre-Dame was partly destroyed in a fire in 2019. You will quickly glean that Morrissey and anonymous others believe it was no accident. “We know who tried to kill you,” he coos. “We will not be silent.” You may need to do some research to realise he is referring to the baseless claim that the fire was a deliberate act of arson covered up by the French government. You will soon be reading about conspiracy theories fuelled by rightwing commentators who suggested Islamist terrorism as a possible cause. Continue reading...

visualspace/E+ via Getty Images Despite a fairly consistent financial performance in recent quarters, Upwork's ( UPWK ) share price has come under pressure from AI fears. This is a potentially interesting setup as it will likely be years before Upwork's business is genuinely threatened. It is also a risky situation, as I am not optimistic about Upwork's attempts to integrate AI into its platform. In addition, the perception of the AI threat is more important than the actual impact. I previously suggested that macro weakness was more important than AI in the short-term. As a result, I felt there could be upside when the demand environment improved. While Upwork's stock increased by more than 30% after this, it has since come under pressure due to growing AI concerns. Despite AI being a widely acknowledged threat, it is not clear to me that it has been priced in to a meaningful extent yet though. As a result, I expect Upwork's stock to remain under pressure as AI progresses. Market Conditions In addition to AI fears, Upwork has faced a fairly challenging macro environment since the COVID pandemic. The labor market is still generally soft and Upwork has suggested that low-value contracts (<$300) on its platform remain under pressure. Headwinds appear to be easing, even if this isn't really clear from Upwork's financial performance yet. Upwork is growing while many traditional staffing firms are still reporting negative growth though. Figure 1: Temporary Help Services Employment Growth and Upwork Revenue Growth (source: Created by author using data from The Federal Reserve and Upwork) The number of job openings at Upwork has trended higher over the past 12 months, which could be suggestive of improving demand. The rapid rise in Upwork's margins over the past few years suggest the company is now running fairly lean though, meaning stronger hiring should probably be expected. Figure 2: Upwork Job Openings (source: Revealera.com) The more important question for Upwork at t...

2026年政府工作报告聚焦新质生产力，政策强调驱动产业创新，同时前沿布局和自主可控并举。数字经济和“人工智能+”目标明确，智算集群和卫星互联网建设大潮有望到来。 支撑评级的要点 政策聚焦新质生产力，电子行业迎发展机遇期。2026年3月5日第十四届全国人大四次会议开幕会在北京举行，国务院总理李强代表国务院作政府工作报告（以下简称“报告”），全面总结2025年工作成绩，明确“十五五”时期主要目标和重大任务以及2026年经济社会发展主要预期目标和政策取向，部署2026年政府工作任务。“报告”多次强调发展新质生产力，明确强调“坚持把发展经济的着力点放在实体经济上，因地制宜发展新质生产力，建设现代化产业体系”。我们认为电子行业是科技创新的核心载体和现代化产业体系的关键组成部分，并有望迎来发展机遇期。 政策驱动产业创新，前沿布局和自主可控并举。“报告”指出要实施产业创新工程，鼓励央企国企带头开放应用场景，打造集成电路、航空航天、生物医药、低空经济等新兴支柱产业。建立未来产业投入增长和风险分担机制，培育发展未来能源、量子科技、具身智能、脑机接口、6G等未来产业。我们认为无论是新兴支柱产业，还是未来产业，都是长期技术储备和投资方向，后续有望在政策上获得针对性支持。报告指出2025年芯片自主研发有了新突破，并设定“十五五”期间全社会研发经费投入年均增长7%以上的目标。我们认为这将明确持续加大研发投入，聚焦突破集成电路等“卡脖子”环节，而产业链自主可控能力建设是长期方向。 数字经济和“人工智能+”目标明确，智算集群和卫星互联网建设大潮将至。“报告”提出2025年数字经济核心产业增加值占国内生产总值的比重提高到10.5%以上，并设定“十五五”末达到12.5%的目标。同时要深化拓展“人工智能+”，促进新一代智能终端和智能体加快推广，推动重点行业领域人工智能商业化规模化应用，培育智能原生新业态新模式。支持人工智能开源社区建设，促进开源生态繁荣。实施超大规模智算集群、算电协同等新基建工程，加强全国一体化算力监测调度，支持公共云发展。加快发展卫星互联网。打造“5G+工业互联网”升级版。我们认为数字经济和智能化转型有望为智算集群基础设施建设注入强劲动力。未来AI算力基础设施和卫星互联网有望进入大规模建设期，并为上游设备、制造、芯片、电子元器件等领域带来确定性增量市场。 投资建议 建议关注：【算力】...

核心观点： 增长目标区间化，为“提质增效”留出政策空间。2026年政府工作报告提出全年GDP增长目标为4.5%-5.0%，较2025年的单一5.0%目标转为区间设定。我们理解，这一调整并非简单下调增长目标，而是匹配“稳中求进、提质增效”的政策导向。一是外部环境不确定性上升，区间目标有助于为宏观政策调控保留弹性空间；二是当前经济发展阶段更强调质量与效率，区间设定有助于引导地方因地制宜制定增长目标，推动高质量发展。参照历史经验，区间目标亦能实现较好效果，例如2016年设定增长目标为6.5%-7%，实际实现6.7%；2019年设定6%-6.5%，实际实现6.1%。整体看，区间目标更多体现政策稳健性与增长质量导向。 财政政策更加积极，结构优化特征明显。财政政策延续更加积极的政策基调。一是赤字规模与经济增长目标相匹配。2026年赤字率维持在4%左右，赤字规模5.89万亿元，较上年增加约2300亿元，与4.5%-5.0%的增长目标相吻合。二是超长期特别国债投放更加注重资金效率。2026年继续发行1.3万亿元超长期特别国债，规模与2025年持平，结合“充分挖掘释放有效投资潜力”的要求，资金将更加集中于投资效率更高的项目。三是专项债资金投向有所优化。新增专项债规模4.4万亿，与2025年持平，但用途或从土地收储等领域更多转向重大项目建设、置换隐性债务以及清偿政府拖欠账款，一方面提高资金使用效率，另一方面进一步缓解地方财政压力。 货币政策适度宽松基调延续，政策更加注重效率。货币政策继续保持适度宽松基调，报告提出要“把促进经济稳定增长、物价合理回升作为重要考量”，一方面，促进社会融资成本保持低位，指向当前实体融资成本处于央行合意区间，未来总量层面降准降息可能更加依赖经济基本面变化。另一方面，央行或更倾向于使用结构性货币政策工具。2026年初，央行已下调多项结构性工具利率0.25个百分点，以加强重点领域信贷支持。 以内需修复为主线补齐经济短板。实现4.5%-5.0%的增长目标，核心仍在于内需修复。2025年，需求端总体呈现“外需强、内需弱”的特征。一方面，企业利润预期与居民收入预期修复偏慢，消费内生动能不足，企业投资意愿偏弱。2025年下半年消费与固定资产投资明显转弱。另一方面，外需表现相对稳健，在非美经济体制造业需求扩张及国内补贴政策支持下，出口维持韧性，成为支撑GDP的主力。整体看，...

比亚迪(002594) 投资要点 事件：3月5日晚间，比亚迪发布第二代刀片电池和闪充技术，电量从10%充到70%用时5分钟，从10%充到97%，仅用时9分钟。 发布第二代刀片电池，充电速度再升级。3月5日，比亚迪发布第二代刀片电池和闪充技术，比亚迪第二代刀片电池从10%充至70%，用时5分钟，从10%充至97%，只需9分钟，彻底解决了电动车充电慢的行业难题。并且，比亚迪第二代刀片电池还一举解决了低温充电慢的痛点，在哈尔滨-20℃的极寒充电实测中，从20%充到97%，全程只需12分钟。同时，比亚迪发布闪充中国战略，预计到2026年底建成2万座闪充站，其中包含1.8万座“闪充站中站”和2000座“闪充高速站”。 出海业务全面开花，2月海外月销量首次超越国内。2025年，公司海外业务呈爆发式增长，累计销量达104.96万辆，同比增长145%，并成功在意大利、巴西、泰国等多个市场斩获销冠。集团形成了“欧洲突破、拉美领跑、亚太稳健”的多元化增长格局，凭借全产业链优势和8艘滚装船的物流支持，加速了全球化渗透。2026年2月，公司乘用车及皮卡海外销售10.02万辆，同比增长41.4%，海外月销量首次超越国内。 技术深度铸就品牌高度，多品牌矩阵合力突围。公司持续深化由比亚迪、方程豹、腾势及仰望构建的多品牌梯度布局，全面覆盖从家用到豪华、大众到个性化的全场景需求。主品牌依托“第五代DM技术”和“e平台3.0Evo”等核心技术，密集推出“夏”、“汉L”、“唐L”及“海狮07DM-i”等车型；其中，“汉L”、“唐L”上市后连续三个月销量双双破万，“夏”上市首月即热销过万，持续巩固主流市场领导地位。2025年，公司实现新能源汽车销量460.24万辆，其中纯电销量为225.67万辆，插电式混合动力汽车销量为228.87万辆，“纯电+插混”双线策略覆盖10万元至50万元的全价格带，国内新能源汽车市场市占率超35%；2026年1-2月累计实现销量40.02万辆，同比-35.8%，主要系国内补贴退坡影响较大。 电子制造+人工智能与新能源全产业链双轮驱动，加速全球化布局与高质量发展。在电子及智能制造领域，公司作为全球先进的一站式解决方案提供商，持续巩固高端市场地位。同时，集团积极拥抱AI机遇，AI数据中心及服务器业务实现跨越式增长，液冷及电源产品获行业认证，并利用产业链优势积极布局具身智能机器人等未...

炬芯科技(688049) 投资要点： AI×IoT融合驱动集成电路创新，端侧芯片有望迎来结构性机遇。生成式AI与物联网终端（AlxIoT）的加速融合，推动行业向低功耗、高算力方向演进。随着存内计算、异构架构等技术的快速突破，音频SoC与AI处理器芯片的应用场景从传统通信娱乐扩展到健康监测、智能感知和实时交互等领域，或为炬芯科技提供了广阔的长期增长空间。这一市场趋势不仅催化了端侧芯片的需求增长，还为公司产品迭代奠定了技术基础，使其在AI终端浪潮中占据先发优势。 炬芯科技聚焦智能音频与AI处理器双主线，产品结构优化有望驱动盈利增长。公司通过聚焦智能音频SoC和AI处理器芯片双主线业务，驱动盈利能力稳步提升。公司在集成电路设计领域深耕多年，构建了以“语音交互+低功耗+高集成度”为特色的优势体系，2024年智能无线音频芯片营收同比增长25.92%，端侧AI处理器芯片收入同比增长141.08%。通过持续优化产品矩阵，如智能无线音频SoC、便携式音视频SoC和端侧AI处理器系列，公司实现了技术升级与成本控制协同发力，2024年归母净利润同比高增63.83%，产品结构日趋优化，为长期发展提供了坚实支撑。 客户结构稳健，国际化布局带来增长动能。公司已进入小米、SONY、LG、Bose等全球知名终端品牌供应链，在无线耳机、AI眼镜和智能手表等场景实现规模出货，2024年外销收入占比超过40%。通过推进“高规格、高附加值芯片”的大客户策略，公司深度参与AloT终端升级，并与国际头部品牌深度合作，国际业务占比有望持续提升。客户黏性与全球业务均衡发展，共同构筑了炬芯科技中长期增长的新引擎，支撑公司未来各项业务维持较高增长。 盈利预测与评级：我们预计公司2025-2027年归母净利润分别为2.05/2.88/3.88亿元，对应同比增长92.36%/40.38%/34.97%，当前股价对应的PE分别为42.52/30.29/22.44倍。选取瑞芯微、泰凌微为可比公司，测得2026年PE均值为39.73倍，鉴于公司在端侧AI领域的布局和卡位，考虑公司长期发展，首次覆盖，给予“买入”评级。 风险提示：技术迭代风险；客户集中风险；宏观环境与贸易政策风险。

本期内容提要: 本周市场表现：截至3月6日收盘，本周公用事业板块上涨3.4%，表现优于大盘。其中，电力板块上涨3.53%，燃气板块上涨2.47%。 电力行业数据跟踪： 动力煤价格:秦港动力煤价格周环比持平。截至3月6日，秦皇岛港动力煤(Q5500)山西产市场价745元/吨，周环比持平。截至3月6日，广州港印尼煤(Q5500)库提价856.32元/吨，周环比上涨20.46元/吨；广州港澳洲煤(Q5500)库提价859.06元/吨，周环比上涨16.34元/吨。 动力煤库存及电厂日耗：秦港动力煤库存周环比增加。截至3月6日，秦皇岛港煤炭库存567万吨，周环比增加59万吨。截至3月5日，内陆17省煤炭库存8113.2万吨，较上周下降460.6万吨，周环比下降5.37%；内陆17省电厂日耗为365.7万吨，较上周增加42.0万吨/日，周环比上升12.97%；可用天数为22.2天，较上周下降4.3天。截至3月5日，沿海8省煤炭库存3362万吨，较上周下降40.3万吨，周环比下降1.18%；沿海8省电厂日耗为204.6万吨，较上周增加47.1万吨/日，周环比上升29.90%；可用天数为16.4天，较上周下降5.2天。 水电来水情况：三峡出库流量周环比增加。截至3月6日，三峡出库流量9410立方米/秒，同比上升19.57%，周环比上升30.33%。 重点电力市场交易电价：1）广东电力市场：截至3月6日，广东电力日前现货市场的周度均价为278.86元/MWh，周环比下降2.50%，周同比下降18.6%。截至3月6日，广东电力实时现货市场的周度均价为307.03元/MWh，周环比上升19.14%，周同比下降19.5%。2）山西电力市场：截至3月5日，山西电力日前现货市场的周度均价为412.22元/MWh，周环比上升164.07%，周同比上升0.8%。截至3月5日，山西电力实时现货市场的周度均价为375.05元/MWh，周环比上升229.28%，周同比下降7.1%。3）山东电力市场：截至3月7日，山东电力日前现货市场的周度均价为329.72元/MWh，周环比上升23.99%，周同比上升37.2%。截至3月7日，山东电力实时现货市场的周度均价为356.39元/MWh，周环比上升33.70%，周同比上升36.5%。 天然气行业数据跟踪： 国内外天然气价格：欧、亚气价周环比大涨。截至3月6日，...

投资要点： 2026年《政府工作报告》提出，深入实施提振消费专项行动。十四届全国人大四次会议开幕，2026年《政府工作报告》提出，深入实施提振消费专项行动。激发居民消费内生动力和促消费政策并举，推动消费持续增长。具体举措包括：1）制定实施城乡居民增收计划，在促进低收入群体增收、增加居民财产性收入、完善薪酬和社保制度等方面推出一批务实举措。2）促进商品消费扩容升级，安排超长期特别国债2500亿元支持消费品以旧换新，优化政策实施机制。3）设立1000亿元财政金融协同促内需专项资金，组合运用贷款贴息、融资担保、风险补偿等方式，支持扩大内需。4）扩大个人消费贷款和服务业经营主体贷款贴息政策支持领域，提高贴息上限，延长实施期限。5）实施好一次性信用修复政策。6）实施服务消费提质惠民行动，打造一批带动面广、显示度高的消费新场景，加快培育消费新增长点。7）活跃线下消费，激发下沉市场消费活力。8）清理消费领域不合理限制措施，释放文旅、赛事、康养等领域消费潜力。 9）支持有条件的地方推广中小学春秋假，落实职工带薪错峰休假制度。10）加强消费者权益保护。11）优化入境消费环境，打造“购在中国”品牌。 2025年全球美妆十强呈现出明显的“一超一强”格局，中国区表现深度分化。根据青眼情报公众号，全球十大美妆集团的2025年销售额总体量达10862亿元，同比增长了0.8%。2025年全球美妆十强中，欧莱雅以3500亿元+体量独踞第一梯队；联合利华以2000亿元+构成第二梯队；宝洁与雅诗兰黛在1000亿元级别形成第三梯队；拜尔斯道夫、科赴、LVMH在600亿元级形成竞争；资生堂、Puig、科蒂则在400亿元级别展开争夺。从销售额同比增速来看，Puig以5.3%的增速成为十强中增速最高的企业，科蒂集团跌幅最大。2025年，各美妆集团在中国区的表现呈现显著分化。1）欧莱雅集团：欧莱雅集团在中国大陆市场的销售额同比增长率从低个位数加速至中个位数，成为北亚业绩改善的核心驱动力。2）雅诗兰黛：雅诗兰黛2026财年第二季度（2025年10-12月），中国大陆市场有机净销售额增长13%，连续第二个季度实现双位数增长。3）宝洁集团：大中华区业务呈现温和复苏态势。在2026财年第二季度（2025年10-12月），宝洁大中华区有机销售额增长3%，显示出基础需求的逐步企稳。4）联合利华：2025年在中国市场销售额持...

本周看点： 从年度十大事件，洞察啤酒产业2026四大趋势； 低度酒掀起风潮，“渠道保真”成关键； 告别“量时代”，拥抱“质纪元”，解码酿酒产业“十五五”的生存与进化。 行业环境： 1.从年度十大事件，洞察啤酒产业2026四大趋势 原文链接：https://jiuyejia.com/news/161999 关键词：马年春节,啤酒行业,逆势上扬,价值跃升,产量增长 概要：2026年马年春节前，中国啤酒行业逆势增长，预计2025年产量、收入、利润分别增长5%、4%、18%，转向价值深耕。十大事件包括金星啤酒IPO净利润暴涨、泰山啤酒破产、华润啤酒高层变动、蜜雪集团收购布局精酿等。未来趋势为非现饮渠道扩张、无醇啤酒增长、精酿竞争分化及本土品牌高端化深化。 2低度酒掀起风潮，“渠道保真”成关键 原文链接：http://baijw.com/list.asp?id=13634 关键词：春节,酒水消费,低度酒,养生酒,生肖酒 概要：春节酒水消费呈现新趋势：消费者倾向“喝少一点、喝好一点”，头部品牌核心单品畅销，渠道保真成关键。年轻一代推动低度酒、养生酒热销，白酒品牌推出20多度产品，葡萄酒、啤酒推出无醇版本，自制调配酒饮成新风尚。生肖酒销售旺季，酒企融入传统文化元素，提升收藏价值。名酒价格下降，线上渠道受重视，品牌强化保真合作。低度酒销量大增，女性消费者占比提升，养生酒增长显著。酒企创新设计生肖酒，融合非遗工艺和文化符号，推动消费升级。行业转向理性消费，注重个性化体验和文化共鸣。

A股市场行情概述：（2026.3.2-2026.3.6） 权益类ETF基金规模变化统计：规模变化排名前三名的权益类ETF类型分别为：行业指数ETF（19.69亿元），跨境行业指数ETF（12.44亿元），风格指数ETF（-1.02亿元）。基金规模变化排名后三名的权益类ETF类型分别为：跨境主题指数ETF（-54.13亿元），主题指数ETF（-114.16亿元），规模指数ETF（-555.79亿元）。 权益类ETF产品基金规模变化：规模变化排名前三名的产品分别为：电网设备ETF（63.19亿元），石油ETF鹏华（48.61亿元），油气ETF汇添富（31.81亿元）。规模变化排名后三名的产品分别为：中证500ETF（-66.63亿元），创业板ETF易方达（-45.16亿元），沪深300ETF华泰柏瑞（-39.67亿元）。 权益类ETF跟踪指数基金规模变化：规模变化排名前三名的指数分别为：国证油气（82.28亿元），电网设备主题（63.19亿元），油气资源（44.23亿元）。规模变化排名后三名的指数分别为：中证500（-106.02亿元），沪深300（-104.81亿元），中证A500（-89.99亿元）。 市场行情展望：（2026.3.9-2026.3.13） 观点：海外冲突持续进行，但A股仍以自身节奏为主。 3月整体走势判断：2026年3月，宏观择时模型的月度评分为-2分，历史上该分数万得全A指数后续一个月上涨概率为30.77%，平均涨跌幅为-1.58%。结合往年日历效应的数据统计，两会期间市场表现相对较弱，两会结束后至3月底市场表现相对较强，所以我们判断2026年3月A股大盘可能呈现全月小幅度调整，两会前后先抑后扬的走势。 本周A股在3月3日（美伊冲突影响）调整较为剧烈，但与同一时期亚太地区的日经225指数、韩国综合指数等相比，A股大盘指数的表现则相对稳定，全周表现仍以自身节奏为主。 ETF资金流数据显示，本周电网设备ETF、石油ETF、化工ETF等基金规模增长较多，而有色金属ETF、科创芯片ETF等则基金规模减少较多。虽然本周海外冲突持续进行，除去石油板块影响较大，整体A股市场资金流入的结构方向和此前差别不大，市场仍在进行持续的HALO交易（Heavy Assets,Low Obsolescence）。 所以后续我们推荐的ETF组合整体的方向维持不变。相对而言，恒...

京东集团-SW(9618.HK)2025Q4及全年财报点评：核心零售利润保持韧性 外卖亏损环比收窄 - Futubull 富途牛牛

2025年，在全球贸易格局深刻调整、地缘政治风险频发的复杂背景下，港口行业展现较强韧性与发展定力，行业全年运行稳中有进。2025年，全国沿海港口货物及集装箱吞吐量增速保持平稳；货物贸易进出口总额同比增长，高新技术产品及绿色能源产品出口增速维持较高水平；港口行业发行债券规模同比增长，发债企业级别仍集中在AA+和AAA，债券发行成本整体有所下降，债券融资渠道畅通。 预计2026年，港口行业的经营韧性或将继续接受不确定性考验，但稳健的基本面为应对风险冲击提供底气，整体信用水平与经营稳健性有望保持，行业表现将继续维持稳定。

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Direxion Daily Semiconductors Bear 3x Shares, where 58,350,000 units were destroyed, or a 10.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the APLZ ETF, which lost 35,000 of its units, representing a 35.0% decline in outstanding units compared to the week prior. VIDEO: SOXS, APLZ: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

深圳兆威机电香港公开发售部分获得约1537倍认购 2026-03-06 23:58:55 来源： 同花顺7x24快讯 分享 文章提及标的 香港交易所 -- 兆威机电 -- 香港交易所（HK0388）披露公告显示，深圳兆威机电（HK2692）香港上市募资总额为19.1亿港元。该公司香港首次公开募股(IPO)发售价定为每股71.28港元。香港公开发售267万股，认购倍数1,536.76倍。国际发售2,407万股，认购倍数13.40倍。

Nvidia (NVDA) closed the last trading session at $183.34, gaining 6.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $264.8 indicates a 44.4% upside potential. The mean estimate comprises 46 short-term price targets with a standard deviation of $43.31. While the lowest estimate of $140.00 indicates a 23.6% decline from the current price level, the most optimistic analyst expects the stock to surge 92% to reach $352.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable. But, for NVDA, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside. Price, Consensus and EPS Surprise Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and indu...

The Conservative peer Peter Gummer has said he will leave the House of Lords after an investigation found he committed five breaches of standards over Covid PPE deals and failing to cooperate with previous inquiries. The Lords standards commissioner, Martin Jelley, also found that Gummer, whose peerage title is Lord Chadlington, “did not act on his personal honour” by failing to cooperate with the previous investigations, which cleared him. Chadlington’s introduction to the government in April 2020 of a company in which he had a financial interest as a potential supplier of personal protective equipment (PPE) for the NHS, his contact with the then health minister Matt Hancock, and further advice to the company, were all found to be breaches of the code governing peers’ conduct. He was found to have committed three breaches of the rule that peers “must not seek to profit from membership of the house by accepting or agreeing to accept payment or other incentive or reward in return for providing parliamentary advice or services”. A 12-month suspension, which was upheld by the conduct committee after Chadlington appealed, is at the upper end of penalties for peers’ misconduct. Chadlington said in response that he would retire from the House of Lords and quit the Conservative party. In April 2020, Chadlington introduced a company in which he had a financial interest to the government as a potential supplier of PPE. The company, SG Recruitment, a small, loss-making agency, was awarded £50m in PPE contracts within weeks, processed by the then Conservative government’s “VIP lane” for politically connected people. Despite the government contracts, however, SG Recruitment, which was later renamed, went into liquidation in December 2023 owing £1.1m in taxes to HMRC. It then emerged that the Department of Health and Social Care had entirely rejected the PPE supplied under the first contract as “unusable”. It had paid the company £24m. Chadlington is an influential Tory grandee ...

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Expanded Tech-Software Sector ETF, which added 24,200,000 units, or a 24.4% increase week over week. Among the largest underlying components of IGV, in morning trading today Microsoft is up about 0.1%, and Palantir Technologies is higher by about 1.2%. And on a percentage change basis, the ETF with the biggest increase in inflows was the UECG ETF, which added 10,000 units, for a 40.0% increase in outstanding units. VIDEO: IGV, UECG: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

欧盟委员会主席乌尔苏拉·冯德莱恩、欧洲理事会主席安东尼奥·科斯塔以及欧盟外交事务负责人Kaja Kallas周一将与中东地区领导人讨论不断升级的地区冲突。 据科斯塔的发言人，此次会议将以视频形式举行，重点是听取中东领导人对当前局势的评估，并讨论欧盟及其成员国可提供的进一步支持。这证实了彭博新闻社早些时候的报道。 会议召开之际，欧盟各国正评估冲突可能带来的外溢风险，包括滞留欧盟公民的安全、能源价格飙升、潜在的移民潮以及恐怖主义风险上升。 国际能源署（IEA）执行主任Fatih Birol周五在布鲁塞尔表示，尽管中东局势动荡，该机构目前无动用应急储备的计划，因为全球石油市场面对的是“巨大过剩”而非短缺。 责任编辑：李肇孚

Following the recently launched InfinityBook Max 16 - INTEL with Core Ultra 9 275HX, the AMD-based variant of the thin and light Linux gaming workstation is now ready to hit the market.Despite its robust high-quality full-metal chassis, the InfinityBook Max 16 weighs just over 2 kg and is powered by up to a Ryzen AI 9 HX 370, an NVIDIA GeForce RTX 5060 or 5070, and a 99 Wh battery, while the 500 nits, 100 % DCI-P3 display qualifies the Linux ultrabook workstation for software development, professional media design, and gaming.Despite featuring a sturdy all-aluminium build, a maximally large 99 Wh battery, and slightly larger and heavier cooling compared to the lower-tier InfinityBook Pro 15, the new Max 16 comes in at just over 2 kg, combining a particularly lightweight and thin form factor with high performance for software development, content creation, and gaming.For this, the color-adjustable keyboard backlight adds a fancy touch of gaming aesthetics, while offset full-size arrow keys improve ergonomic navigation, the full-featured number pad ensures high productivity in number-crunching tasks, and rear power and monitor ports allow for clean and distraction-free cable management.The TUXEDO InfinityBook Max 16 relies on AMD Ryzen AI 300 processors, which are designed to provide a great balance of performance and low power consumption.The entry-level model, the Ryzen AI 7 350, features 8 CPU cores processing up to 16 threads at 10 to 90 W of power. It offers far more than enough speed for all everyday usage scenarios and even provides performance headroom for more demanding projects.The Ryzen AI 9 365 provides 10 cores and around 15 % faster multicore speed at 10 to 90 W, while the similarly powered Ryzen AI 9 HX 370 with 12 processing cores places itself ahead by another 15 %.The Ryzen AI engine performs AI calculations for image or text generation, AI assistance functions, and much more, with up to 66 (AI 7 350), 73 (AI 9 365), and 80 trillion operations per se...

Love Employee/iStock via Getty Images Market Review Emerging markets equities continued to advance in the fourth quarter. Additional U.S. Federal Reserve rate cuts and steady-state policies from the European Central Bank (ECB) and Bank of Japan (BOJ) provided greater clarity on the global monetary policy backdrop. Continued U.S. dollar weakness also provided a solid tailwind. While tariffs remained elevated, they became more predictable as longer-term trade agreements reduced uncertainty around global supply chains. Artificial intelligence (AI) remained a dominant growth driver, lifting technology-leading markets such as South Korea and Taiwan. India’s market also began to rebound over easing trade tensions and strong domestic demand. Chinese stocks broadly lagged amid profit-taking, particularly in AI-related names that have delivered impressive gains through much of 2025. Portfolio Review The Virtus Emerging Markets Opportunities Fund returned +7.34% (Class INST) for the quarter, compared to MSCI Emerging Markets Index’s return of +4.73%. Financials and information technology stock selection and an overweight and stock selection in materials contributed the most to performance. An overweight and stock selection in communication services and stock selection in industrials detracted the most from returns. Positive Contributors SK Hynix (HXSC.F) and Taiwan Semiconductor Manufacturing Co. ( TSM ) were among the strongest stock contributors. South Korean semiconductor giant SK Hynix outperformed, driven by continued AI momentum. The company is one of the world’s largest suppliers of dynamic random-access memory (DRAM) chips, which have experienced tremendous demand growth and significant price increases. We trimmed the position for risk control based on the stock’s strong gains, though it remains the Fund’s largest active overweight holding. Taiwanese contract semiconductor maker Taiwan Semiconductor Manufacturing Co. rose on similar dynamics, benefiting from intense d...