Wellchange ( WCT ) said on Wednesday it had approved a 1-for-50 reverse stock split, with its Class A ordinary shares, trading under the symbol WCT, set to begin trading on March 6, 2026. Before the reverse split, the company had 153.3M ordinary shares outstanding, comprising 145.3M Class A shares and 8M Class B shares. Pursuant to the transaction, every 50 issued and outstanding Class A ordinary ...
Wellchange ( WCT ) said on Wednesday it had approved a 1-for-50 reverse stock split, with its Class A ordinary shares, trading under the symbol WCT, set to begin trading on March 6, 2026. Before the reverse split, the company had 153.3M ordinary shares outstanding, comprising 145.3M Class A shares and 8M Class B shares. Pursuant to the transaction, every 50 issued and outstanding Class A ordinary shares and Class B ordinary shares will automatically be consolidated into one share of the respective class. The reverse split will reduce total outstanding ordinary shares to about 3.07M from 153.27M, including a decline in Class A shares to roughly 2.91M from 145.27M and Class B shares to about 0.16M from 8M. More on Wellchange Holdings Company Limited Seeking Alpha’s Quant Rating on Wellchange Holdings Company Limited Financial information for Wellchange Holdings Company Limited
The Zacks Major Regional Banks ’ asset quality is expected to remain weak in the near term due to the challenging operating backdrop. Yet, as the Federal Reserve lowers interest rates, industry players’ net interest income (NII) and margins will keep improving as funding costs first stabilize and then decline. Combined with decent economic growth, this tailwind is likely to lift loan demand.Busine...
The Zacks Major Regional Banks ’ asset quality is expected to remain weak in the near term due to the challenging operating backdrop. Yet, as the Federal Reserve lowers interest rates, industry players’ net interest income (NII) and margins will keep improving as funding costs first stabilize and then decline. Combined with decent economic growth, this tailwind is likely to lift loan demand.Business restructuring and expansion efforts, along with ongoing digitization, should provide additional support. Major regional banks like BK and NTRS are well-positioned to gain. About the Industry The Zacks Major Regional Banks industry includes the nation’s largest banks in terms of assets, with most operating globally. The financial performance of these banks largely depends on the nation’s economic health. As banks are involved in numerous complex financial activities, they are required to comply with stringent regulations set by the Federal Reserve and other regulatory agencies. Apart from traditional banking services, which are the source of net interest income (NII), major regional banks provide a wide array of other financial services and products to retail, corporate and institutional clients, both domestic and global. These include credit and debit cards, mortgage banking, wealth management and investment banking, among others. Therefore, a significant revenue source for these banks is fees and commissions earned from these services. 4 Major Themes to Watch for the Regional Banks Industry Lower Interest Rates: The Fed lowered interest rates, a 75-basis-point cut in 2025 and a 100-basis-point cut in 2024. Inflation and the weakening labor markets are driving the central bank to slash rates. As the rates fall, major regional banks will likely benefit from further fall/stabilization of deposit and funding costs and a gradual improvement in the lending backdrop. Though there will likely be near-term pain in the form of lower NII and margins, industry players are expected ...
Victory Capital Management Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,199,593 shares of the information services provider's stock after selling 101,866 shares during the period. Alphabet makes up 1.1% of Victory Capital M...
Victory Capital Management Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,199,593 shares of the information services provider's stock after selling 101,866 shares during the period. Alphabet makes up 1.1% of Victory Capital Management Inc.'s portfolio, making the stock its 8th biggest position. Victory Capital Management Inc. owned about 0.06% of Alphabet worth $1,758,454,000 as of its most recent SEC filing. Get Alphabet alerts: Sign Up Other institutional investors have also recently made changes to their positions in the company. Tradewinds LLC. grew its stake in Alphabet by 2,134.8% during the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after acquiring an additional 43,080 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock worth $86,345,000 after purchasing an additional 84,553 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Alphabet by 2.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock worth $38,272,000 after purchasing an additional 3,444 shares during the last quarter. American National Bank of Texas purchased a new stake in shares of Alphabet in the third quarter valued at approximately $900,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alphabet by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider's stock valued at $206,542,000 after purchasing an additional 42,028 shares during the last quarter. Hedge ...
Staley Capital Advisers Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 613,205 shares of the information services provider's stock after selling 27,268 shares during the period. Alphabet accounts for 6.1% of Staley Capital Advisers Inc.'s portfolio, making the sto...
Staley Capital Advisers Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 613,205 shares of the information services provider's stock after selling 27,268 shares during the period. Alphabet accounts for 6.1% of Staley Capital Advisers Inc.'s portfolio, making the stock its 3rd biggest position. Staley Capital Advisers Inc.'s holdings in Alphabet were worth $149,346,000 as of its most recent SEC filing. Get Alphabet alerts: Sign Up A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Bright Futures Wealth Management LLC. purchased a new stake in shares of Alphabet in the 3rd quarter worth about $1,992,000. Journey Strategic Wealth LLC boosted its position in shares of Alphabet by 2.2% during the third quarter. Journey Strategic Wealth LLC now owns 43,791 shares of the information services provider's stock valued at $10,665,000 after purchasing an additional 933 shares in the last quarter. Davis R M Inc. grew its stake in Alphabet by 0.6% in the third quarter. Davis R M Inc. now owns 147,148 shares of the information services provider's stock worth $35,838,000 after purchasing an additional 816 shares during the period. Bahl & Gaynor Inc. grew its stake in Alphabet by 3.8% in the third quarter. Bahl & Gaynor Inc. now owns 49,002 shares of the information services provider's stock worth $11,934,000 after purchasing an additional 1,803 shares during the period. Finally, London & Capital Asset Management Ltd raised its holdings in Alphabet by 11.3% in the third quarter. London & Capital Asset Management Ltd now owns 387,319 shares of the information services provider's stock worth $94,330,000 after purchasing an additional 39,364 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock. Analyst Upgrades and Downgrades A number of ...
Devrimb/iStock via Getty Images Dassault Aviation ( DUAVF ) shares climbed Wednesday after Chief Executive Eric Trappier warned that the Future Combat Air System, Europe’s flagship next-generation fighter program, could fail unless Airbus ( EADSF ) ( EADSY ) eases tensions between the project’s biggest partners. FCAS is a joint effort involving Dassault, Airbus and Spain’s Indra Sistemas ( ISMAF )...
Devrimb/iStock via Getty Images Dassault Aviation ( DUAVF ) shares climbed Wednesday after Chief Executive Eric Trappier warned that the Future Combat Air System, Europe’s flagship next-generation fighter program, could fail unless Airbus ( EADSF ) ( EADSY ) eases tensions between the project’s biggest partners. FCAS is a joint effort involving Dassault, Airbus and Spain’s Indra Sistemas ( ISMAF ) ( ISMAY ) to develop a sixth-generation manned fighter jet by 2040, with artificial intelligence, advanced stealth and connectivity to drones and a broader “combat cloud.” The program’s total cost has been estimated at about 100 billion euros ($116.4 billion). Leadership dispute spills into public view Trappier said the program is at risk as the French plane maker and Airbus remain at odds over who should lead the fighter aircraft’s design work and how responsibilities are divided among contractors. “Airbus doesn’t want to work with Dassault and I understand that,” Trappier said during a press conference. “Airbus wants to work alone. This project is stalling.” Airbus wasn’t immediately available for comment. Its CEO Guillaume Faury said last month that Europe still needed the program and that it could only be delivered through cooperation, even if talks were at a difficult point. France, Germany and Spain had aimed to resolve the dispute by the end of last year, but the timeline has since slipped without a new deadline. Trappier said Airbus pushed to take a leading role after Dassault proposed changes meant to clarify Dassault’s leadership on the fighter-jet portion of FCAS. He also said the French government doesn’t support an idea, floated by Faury, that would involve building two aircraft as a way to ease the impasse. “The issue is not with Germany, it is with Airbus,” Trappier said. “If Airbus doesn’t want to work with Dassault, then the project might not go through.” Results beat expectations, guidance cautious Trappier’s comments came as Dassault reported 2025 sales ...
SM Energy ( SM ) intends to offer $750 million aggregate principal amount of its senior notes due 2034. SM Energy intends to use the net proceeds from the offering of the notes, together with cash on hand and/or borrowings under its revolving credit facility, to fund an offer to purchase for cash up to $750 million of its outstanding $1.350 billion principal amount of its 8.375% Senior Notes due 2...
SM Energy ( SM ) intends to offer $750 million aggregate principal amount of its senior notes due 2034. SM Energy intends to use the net proceeds from the offering of the notes, together with cash on hand and/or borrowings under its revolving credit facility, to fund an offer to purchase for cash up to $750 million of its outstanding $1.350 billion principal amount of its 8.375% Senior Notes due 2028. SM -2.16% premarket to $23.57. Source: Press Release More on SM Energy SM Energy: Debt Reduction Will Lead To A Significant Valuation Re-Rating SM Energy Company (SM) Q4 2025 Earnings Call Transcript SM Energy Company 2025 Q4 - Results - Earnings Call Presentation SM Energy Non-GAAP EPS of $0.83 in-line, revenue of $705M misses by $55.57M SM Energy Q4 2025 Earnings Preview
(RTTNews) - Brown-Forman Corporation (BF-B), a manufacturer of alcoholic beverages, Wednesday reported lower earnings for the third quarter compared to the same period last year. However, revenue increased by 2 percent. Further, the company confirmed its outlook for fiscal 2026. In the pre-market BF-B shares were trading up by 6.6%. Quarterly earnings decreased to $267 million from $270 million of...
(RTTNews) - Brown-Forman Corporation (BF-B), a manufacturer of alcoholic beverages, Wednesday reported lower earnings for the third quarter compared to the same period last year. However, revenue increased by 2 percent. Further, the company confirmed its outlook for fiscal 2026. In the pre-market BF-B shares were trading up by 6.6%. Quarterly earnings decreased to $267 million from $270 million of last year, although earnings per share increased to $0.58 from $0.57 of the prior year. The company had reported a gain of $81 million on Equity method investment income same period last year which was absent this year. However, revenue increased to $1.05 billion from $1.03 billion of previous year. Looking forward to the full year, the company continues to expect organic net sales decline in the low-single digit range. Additionally, the beverage firm declared a quarterly dividend of $0.2310 per share payable on April 1, to stockholders of record on March 9. In pre-market activity, BF-B shares were trading at $30, up 6.69% on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Futures Bounce, Oil Slides After Report Of Iran Backchannel Outreach It was shaping up as a catastrophic, margin-call driven Wednesday session after Japan's Nikkei tumbled about 4% and Korea's Kospi suffered its biggest drop ever, plunging by a record 12%. But after initially plunging overnight, S&P futures rose as much as 0.4% after the New York Times reported that operatives from Iran’s Ministry...
Futures Bounce, Oil Slides After Report Of Iran Backchannel Outreach It was shaping up as a catastrophic, margin-call driven Wednesday session after Japan's Nikkei tumbled about 4% and Korea's Kospi suffered its biggest drop ever, plunging by a record 12%. But after initially plunging overnight, S&P futures rose as much as 0.4% after the New York Times reported that operatives from Iran’s Ministry of Intelligence used backchannels to contact the Central Intelligence Agency a day after US-Israeli attacks began. The report also stated that US officials are skeptical that either the Trump administration or Iran is ready for an offramp. Then futures faded modestly after Treasury Secretary Scott Bessent said a proposed 15% global tariff may take effect this week, bringing trade tensions back into focus as traders followed developments in the Middle East. As of 8:00am ET, futures for the S&P 500 - extremely illiquid and jittery - were little changed after rising as much as 0.4%, while Nasdaq futures were also modestly in the green with Mag7 and Semis leading in premarket trading, and Cyclicals outperforming Defensives. Asia’s benchmark index plunged the most in nearly a year, led by a record selloff in South Korean equities which crashed 12% in one session. The yield curve is bear steepening with yields +1-2bp and USD sees some profit-taking following its best 2-day gain since Apr 2025. In the commodity space, crude prices are higher by 1-2%, WTI and Brent, as natgas sees a slight pullback; precious & base metals are surging on the US pullback with Ags adding to gains. The Energy complex seems to be reflecting a view that markets need more information before finding a level as there are mechanical reasons why the US commerce guarantee will not reverse recent price gains. Aside from US / Iran update, the macro data focus is on ADP, Mtge Applications, and ISM-Srvcs. In premarket trading, Mag 7 were mixed: Nvidia rose 0.6% after billionaire Leo KoGuan said he bought 1 millio...
But he emphasised that Iran retains the ability to launch unconventional attacks at sea through the use of drones, mini-submarines and shadow fleet vessels - a network of tankers sailing under obscured ownership. MAIAR analysts also told BBC Verify that Tehran could turn to smaller, fast-attack vessels armed with anti-ship missiles in the coming days as Iran's largest warships continue to be targe...
But he emphasised that Iran retains the ability to launch unconventional attacks at sea through the use of drones, mini-submarines and shadow fleet vessels - a network of tankers sailing under obscured ownership. MAIAR analysts also told BBC Verify that Tehran could turn to smaller, fast-attack vessels armed with anti-ship missiles in the coming days as Iran's largest warships continue to be targeted by US and Israeli strikes.
Advanced Flower Capital Inc. (AFCG) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -200.00%. A quarter ago, it was expected that this company would post earnings of $0.19 per ...
Advanced Flower Capital Inc. (AFCG) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -200.00%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.16, delivering a surprise of -15.79%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Advanced Flower Capital Inc., which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $5.19 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 3.78%. This compares to year-ago revenues of $9.22 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Advanced Flower Capital Inc. shares have lost about 22.5% since the beginning of the year versus the S&P 500's decline of 0.4%. What's Next for Advanced Flower Capital Inc.? While Advanced Flower Capital Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Ra...
Abercrombie & Fitch (ANF) came out with quarterly earnings of $3.68 per share, beating the Zacks Consensus Estimate of $3.56 per share. This compares to earnings of $3.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.31%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $2....
Abercrombie & Fitch (ANF) came out with quarterly earnings of $3.68 per share, beating the Zacks Consensus Estimate of $3.56 per share. This compares to earnings of $3.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.31%. A quarter ago, it was expected that this teen clothing retailer would post earnings of $2.14 per share when it actually produced earnings of $2.36, delivering a surprise of +10.28%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Abercrombie, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $1.67 billion for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $1.58 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Abercrombie shares have lost about 21.2% since the beginning of the year versus the S&P 500's decline of 0.4%. What's Next for Abercrombie? While Abercrombie has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnin...
jetcityimage/iStock Editorial via Getty Images As per my analysis, GE Vernova ( GEV ) is mispriced as a cyclical industrial OEM instead of a single-seller type Infrastructure-as-a-Service [IaaS]. My Strong Buy thesis for GEV stock is based on unpriced/yet-to-price-in temporal and information advantage. Clearly, to me, the margin pace within GEV’s 43 GW of Slot Reservation Agreements [SRAs] can hol...
jetcityimage/iStock Editorial via Getty Images As per my analysis, GE Vernova ( GEV ) is mispriced as a cyclical industrial OEM instead of a single-seller type Infrastructure-as-a-Service [IaaS]. My Strong Buy thesis for GEV stock is based on unpriced/yet-to-price-in temporal and information advantage. Clearly, to me, the margin pace within GEV’s 43 GW of Slot Reservation Agreements [SRAs] can hold 10%-20% pricing premiums for 2030+ hyperscaler capacity. Mainly, GEV operates a zero-cost capital flywheel through leveraging an $8 billion surge in customer progress collections to entirely fund its $11 billion capacity and research expansion. Moreso, the strategic $5.3 billion acquisition of Prolec GE integrates (vertically) the transformer supply chain chokepoint and is securing absolute pricing power in the Electrification segment. Lastly, GEV's expanding heavy-duty gas turbine fleet locks-in a highly lucrative multi-decade services annuity. As an outcome, it is projecting compounding high-margin recurring revenues well into 2035. However, there are major risks to my thesis. The primary one is the Overcapacity Paradox (the AI-driven data center power boom may be a mirage), as GEV’s aggressive capacity ramp to ~24 GW by 2028 may result in highly stranded fixed costs. Apart from that, near-term political issues regarding US offshore wind bans (like Vineyard Wind) and escalating tariffs can temporarily suppress FCF conversion. Shifting from Industrial OEM to a Single Seller IaaS Funded by Negative Working Capital In my opinion, Wall Street is considering GE Vernova as a high-performing richly valued industrial OEM (trading at ~52x TTM P/E with a share price of ~$881.2). The consensus thesis sees GEV stock as it is riding the tailwinds of AI data center buildouts and grid modernization . Analysts are focusing on the $150.2 billion backlog and linearly extrapolating current margins’ state into 2026, alongside fretting over short-term noise like the US government's December...
Defense Secretary Pete Hegseth said the US and Israel are on the cusp of taking complete control of Iran’s airspace as he laid out plans to step up attacks deeper in the country as its defenses are destroyed. “Iran’s capabilities are evaporating by the hour,” Hegseth told a press conference. “While American strength grows fiercer, smarter and utterly dominant, more bombers and more fighters are ar...
Defense Secretary Pete Hegseth said the US and Israel are on the cusp of taking complete control of Iran’s airspace as he laid out plans to step up attacks deeper in the country as its defenses are destroyed. “Iran’s capabilities are evaporating by the hour,” Hegseth told a press conference. “While American strength grows fiercer, smarter and utterly dominant, more bombers and more fighters are arriving just today.” “We are only four days into this and the results have been incredible — historic, really,” Hegseth said. In the briefing, Hegseth and Chairman of the Joint Chiefs of Staff Dan Caine spelled out the US strategy, which hinged on clearing out Iranian air defenses with cruise missiles and long-range bombing in the first few days. The strategy will now shift to targets inland with GPS-guided bombs and what Caine said would be precision airstrikes from fighter jets. “This is not a ‘mission accomplished’ situation — this is simply a reality check,” Hegseth said, in reference to the now-infamous moment in 2003 when President George Bush gave a speech in front of a “Mission Accomplished” banner and suggested that major combat in Iraq was over. Details offered by Hegseth and Caine underscored the scope of the US campaign: Caine said the US and Israeli campaign had struck 2,000 targets and sunk 20 Iranian naval vessels. Hegseth said an American submarine sank an Iranian naval vessel in the Indian Ocean with a torpedo — the first time a US attack sub had destroyed an enemy naval vessel since 1945. Caine sought to address concerns that the US might run out of interceptors to repel Iranian attacks, saying the US had “sufficient precision munitions for the task at hand, both on the offense and defense.” He said the US had seen a drop-off in attacks from Iran, including a 73% decline in in drone attacks and an 86% fall in ballistic missile launches.
Victory Capital Management Inc. lessened its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 810,798 shares of the semiconductor manufacturer's stock after selling 8,407 shares during the period. Victory Capital Management Inc. owned about 0.07% of Micron Technology ...
Victory Capital Management Inc. lessened its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 810,798 shares of the semiconductor manufacturer's stock after selling 8,407 shares during the period. Victory Capital Management Inc. owned about 0.07% of Micron Technology worth $135,663,000 as of its most recent filing with the SEC. Get Micron Technology alerts: Sign Up Several other large investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in Micron Technology during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology in the third quarter worth about $27,000. Cullen Frost Bankers Inc. lifted its position in shares of Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the second quarter valued at approximately $30,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Micron Technology by 248.0% in the third quarter. Physician Wealth Advisors Inc. now owns 261 shares of the semiconductor manufacturer's stock valued at $44,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 80.84% of the company's stock. Analysts Set New Price Targets Several research analysts have issued reports on MU shares. Wolfe Research upped their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Piper Sandler boosted their target price on Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating...
(RTTNews) - Brown-Forman Corp. (BFA) revealed earnings for third quarter of $267 million The company's bottom line came in at $267 million, or $0.58 per share. This compares with $270 million, or $0.57 per share, last year. The company's revenue for the period rose 2.0% to $1.056 billion from $1.035 billion last year. Brown-Forman Corp. earnings at a glance (GAAP) : -Earnings: $267 Mln. vs. $270 M...
(RTTNews) - Brown-Forman Corp. (BFA) revealed earnings for third quarter of $267 million The company's bottom line came in at $267 million, or $0.58 per share. This compares with $270 million, or $0.57 per share, last year. The company's revenue for the period rose 2.0% to $1.056 billion from $1.035 billion last year. Brown-Forman Corp. earnings at a glance (GAAP) : -Earnings: $267 Mln. vs. $270 Mln. last year. -EPS: $0.58 vs. $0.57 last year. -Revenue: $1.056 Bln vs. $1.035 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Lennox International Inc. (LII), a climate-control solutions provider, on Wednesday reaffirmed its fiscal 2026 outlook ahead of its investor day. For full-year 2026, the company expects revenue to increase by about 6% to 7%, while adjusted earnings per share are projected in the range of $23.50 to $25.00. This compares with adjusted earnings of $23.16 per share on revenue of $5.195 bil...
(RTTNews) - Lennox International Inc. (LII), a climate-control solutions provider, on Wednesday reaffirmed its fiscal 2026 outlook ahead of its investor day. For full-year 2026, the company expects revenue to increase by about 6% to 7%, while adjusted earnings per share are projected in the range of $23.50 to $25.00. This compares with adjusted earnings of $23.16 per share on revenue of $5.195 billion in 2025. At today's investor day, Lennox said it will outline its operational progress and strategic priorities, and introduce 2030 targets, including revenue of $6.5 billion to $7.5 billion, segment margins of 22% to 23%, and free cash flow conversion above 90% of net income. Lennox shares closed at $552.30 on Tuesday, down 1.97%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
ADP Private Payrolls Jump To 63K, Stronger Than Expected And Highest Since November Amid the ongoing double whammy of geopolitical and private credit shocks, with a little AI disruption thrown in every other days courtesy of Anthropic's human-displacing agents and smashing capex-lite sectors like a chatbot avalanche, the last thing the market needed is a negative job print signaling a recession ha...
ADP Private Payrolls Jump To 63K, Stronger Than Expected And Highest Since November Amid the ongoing double whammy of geopolitical and private credit shocks, with a little AI disruption thrown in every other days courtesy of Anthropic's human-displacing agents and smashing capex-lite sectors like a chatbot avalanche, the last thing the market needed is a negative job print signaling a recession has effectively arrived. It didn't get that, at least not yet, because while the February jobs report is still to come on Friday, moments ago ADP reported that private payrolls rose in February by 63K, up sharply from the 11K in January (downward revised from 22K) and above the 50K median forecast. The solid report comes just two before the the DOL is set to report February payrolls which are expected to grow by 58K, a drop from last month's 130K. A detailed breakdown of the job changes shows broad based job gains, with modest declines in mnaufacturing, trade/transportation and a bigger drop in professional/business services. Pay growth for job-stayers was unchanged in February at 4.5% year-over-year. For job-changers, annualized pay growth slowed to 6.3% from 6.6% the previous month. Commenting on the report, ADP chief economist Nela Richardson said that “we've seen an increase in hiring and pay gains remain solid, especially for job-stayers. But with hiring concentrated in only a few sectors, our data shows no widespread pay benefit from changing jobs. In fact, the pay premium for switching employers hit a record low in February.” The question now is whether ADP - which is notoriously uncorrelated with the BLS jobs report - is a leading indicator for a labor market recovery or if, as has been the case in recent years, we are about to see a very disappointing labor print in two days, restarting fears that the US economy is sliding into recession. Tyler Durden Wed, 03/04/2026 - 08:43
juststock/iStock via Getty Images Portfolio managers from Hartford Funds and years of experience Vernon J. Meyer, CFA, 39 years Allison Mortensen, CFA, 32 years Jim Glendon, CFA, 17 years Top Holdings (%) Hartford Core Equity Fund 15.38 Hartford World Bond Fund 11.80 Hartford Core Bond ETF 11.42 Hartford Large Cap Growth ETF 7.52 Hartford Equity Income Fund 7.46 Hartford Strategic Income ETF 7.20 ...
juststock/iStock via Getty Images Portfolio managers from Hartford Funds and years of experience Vernon J. Meyer, CFA, 39 years Allison Mortensen, CFA, 32 years Jim Glendon, CFA, 17 years Top Holdings (%) Hartford Core Equity Fund 15.38 Hartford World Bond Fund 11.80 Hartford Core Bond ETF 11.42 Hartford Large Cap Growth ETF 7.52 Hartford Equity Income Fund 7.46 Hartford Strategic Income ETF 7.20 Hartford Schroders Core Fixed Income Fund 6.76 Hartford International Opportunities Fund 5.76 Hartford Multifactor Developed Markets (ex-US) ETF 5.21 Hartford US Value ETF 3.98 Hartford US Quality Growth ETF 3.95 Hartford Schroders International Contrarian Value Fund 3.77 Hartford International Growth Fund 3.49 Hartford Schroders Emerging Markets Equity Fund 2.55 Hartford Small Cap Value Fund 1.73 Hartford Small Company Fund 1.72 Percentage Of Portfolio 99.70 Holdings and characteristics are subject to change. Percentages may be rounded. Click to enlarge Market Overview Global markets in the fourth quarter were shaped by the interplay of central bank policy, shifting rate expectations, and recurring geopolitical and trade-related headlines. The Federal Reserve lowered rates at its final meeting of the year, but investors continued to debate how quickly additional easing might unfold as growth signals stayed resilient and inflation readings were interpreted through the lens of data disruptions tied to the government shutdown. Equity markets advanced in a more selective fashion, with ongoing enthusiasm around AI-related investment alongside periodic rotations that favored smaller-cap and value segments at times versus the most crowded mega-cap areas. Outside the U.S., a weaker dollar and relatively more attractive valuations supported international equities; within that, emerging markets also posted gains but tended to trail developed markets modestly, with dispersion across countries and style factors remaining an important driver of results. Meanwhile, intermittent tariff d...