This article first appeared on GuruFocus. Cathie Wood's ARK Invest exchange-traded funds adjusted several holdings on March 3, adding to select technology and aviation names while trimming others. Among purchases, ARK bought 138,270 shares of Alibaba (NYSE:BABA) valued at about $18.75 million. The stock fell nearly 5% during the session amid broader market weakness tied to geopolitical tensions. T...
This article first appeared on GuruFocus. Cathie Wood's ARK Invest exchange-traded funds adjusted several holdings on March 3, adding to select technology and aviation names while trimming others. Among purchases, ARK bought 138,270 shares of Alibaba (NYSE:BABA) valued at about $18.75 million. The stock fell nearly 5% during the session amid broader market weakness tied to geopolitical tensions. The firm also added 62,579 shares of Amazon (NASDAQ:AMZN) for roughly $13 million after reports that some of its data center operations were affected by regional unrest. ARK increased exposure to electric vertical takeoff and landing aircraft makers, acquiring 947,943 shares of Archer Aviation (NYSE:ACHR) worth about $6.37 million and 539,131 shares of Joby Aviation (NYSE:JOBY) valued at approximately $5.26 million. Archer recently reported a fourth-quarter loss of $0.26 per share and remains in the pre-revenue stage. The funds also purchased 122,951 shares of BioNTech (NASDAQ:BNTX) for about $12.39 million. On the selling side, ARK reduced positions in Roku (NASDAQ:ROKU), Taiwan Semiconductor Manufacturing (NYSE:TSM), and Baidu (NASDAQ:BIDU), divesting shares valued at more than $31 million, $14 million, and $12 million, respectively.
Wix.com (WIX) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +32.92%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $...
Wix.com (WIX) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +32.92%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $1.45 per share when it actually produced earnings of $1.68, delivering a surprise of +15.86%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Wix.com, which belongs to the Zacks Computers - IT Services industry, posted revenues of $524.27 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 0.71%. This compares to year-ago revenues of $460.45 million. The company has topped consensus revenue estimates three 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. Wix.com shares have lost about 28.4% since the beginning of the year versus the S&P 500's decline of 0.4%. What's Next for Wix.com? While Wix.com 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 earnings estimate r...
Home Depot (HD 1.15%), the leader in the home improvement market, hasn't been the best investment. In the past five years, its total return of 64% (as of March 2) is well below the S&P 500 index's 90% total return. Shares are trading 14% off their record. Is this top retail stock a buy, sell, or hold in 2026? Macro headwinds pressure financial performance During the fourth quarter of fiscal 2025 (...
Home Depot (HD 1.15%), the leader in the home improvement market, hasn't been the best investment. In the past five years, its total return of 64% (as of March 2) is well below the S&P 500 index's 90% total return. Shares are trading 14% off their record. Is this top retail stock a buy, sell, or hold in 2026? Macro headwinds pressure financial performance During the fourth quarter of fiscal 2025 (ended Feb. 1), Home Depot posted revenue of $38.2 billion and adjusted diluted earnings per share of $2.72. Both of these headline figures came in ahead of Wall Street estimates. That's where the positivity ends. For the entire fiscal year, the company reported that same-store sales rose by just 0.3%. And management expects this key metric to be flat to up 2% in fiscal 2026. Home Depot has been dealing with softer demand for years now, ever since the pandemic surge abated. The tighter macro environment, with higher mortgage rates and pressured consumer confidence, does not help. This unfavorable backdrop doesn't make households want to spend a lot of money on upgrades and renovations. "Our customers also tell us they have concerns over general economic uncertainty, including inflation, growing job concerns, and higher financing costs," CFO Richard McPhail said on the Q4 2025 earnings call. Looking at the industry overall It can be discouraging for investors to see just how cyclical Home Depot's operations are. This makes sense because it serves the housing market. However, if you zoom out, you'll quickly realize that this is a high-quality business. Home Depot is a trusted brand in the industry. It has tremendous scale and reach with its 2,035 stores in the U.S. Investments in supply chain improvements and omnichannel capabilities over the years give the company an edge over smaller peers. And the industry setup is favorable. The median age of houses in the U.S. steadily increases over time, which requires more maintenance. There are also trillions of dollars of untapped ho...
Strategy Coinbase and Robinhood stocks are, in fact, among the best performers in premarket trading. Strategy, the largest corporate holder of Bitcoin, was jumping more than 7%—crypto exchange Coinbase rose 6% and trading platform Robinhood was 4% higher. The price of Bitcoin surged to $71,269 early in the day, up close to 7% over the past 24 hours, according to CoinDesk data.
Strategy Coinbase and Robinhood stocks are, in fact, among the best performers in premarket trading. Strategy, the largest corporate holder of Bitcoin, was jumping more than 7%—crypto exchange Coinbase rose 6% and trading platform Robinhood was 4% higher. The price of Bitcoin surged to $71,269 early in the day, up close to 7% over the past 24 hours, according to CoinDesk data.
EyePoint Pharmaceuticals press release ( EYPT ): Q4 GAAP EPS of -$0.81 misses by $0.08 . Revenue of $0.62M (-94.7% Y/Y) misses by $0.39M . We expect the cash, cash equivalents, and investments on December 31, 2025, will enable us to fund operations into the fourth quarter of 2027 beyond key milestones for the Phase 3 wet AMD program in 2026 and fully funding the Phase 3 pivotal DME program. More o...
EyePoint Pharmaceuticals press release ( EYPT ): Q4 GAAP EPS of -$0.81 misses by $0.08 . Revenue of $0.62M (-94.7% Y/Y) misses by $0.39M . We expect the cash, cash equivalents, and investments on December 31, 2025, will enable us to fund operations into the fourth quarter of 2027 beyond key milestones for the Phase 3 wet AMD program in 2026 and fully funding the Phase 3 pivotal DME program. More on EyePoint Pharmaceuticals EyePoint, Inc. (EYPT) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Seeking Alpha’s Quant Rating on EyePoint Pharmaceuticals Historical earnings data for EyePoint Pharmaceuticals Financial information for EyePoint Pharmaceuticals
BASF SE BASFY recently announced the completion of the divestment of its Optical Brightening Agent (OBA) business to Catexel. The transaction was closed at the end of February 2026. The financial details of the deal, which was signed in December 2025, remain undisclosed. The sale marks a further step in BASF’s ongoing portfolio optimization strategy. The business was part of BASF’s Care Chemicals ...
BASF SE BASFY recently announced the completion of the divestment of its Optical Brightening Agent (OBA) business to Catexel. The transaction was closed at the end of February 2026. The financial details of the deal, which was signed in December 2025, remain undisclosed. The sale marks a further step in BASF’s ongoing portfolio optimization strategy. The business was part of BASF’s Care Chemicals division and focused on the production of specialty optical brighteners used in laundry detergent formulations. The deal consists of international operations, including the manufacturing facility at Monthey, Switzerland, along with approximately 80 employees who transferred to Catexel upon closing. This transaction is a continuation of BASF’s longstanding “Winning Ways” portfolio transformation strategy to manage and prioritize its businesses actively, enabling the company to focus on higher-growth core segments. The transaction underscores the broader trend within the care chemicals industry toward portfolio specialization and operational optimization. The acquisition meaningfully strengthens Catexel’s specialty chemicals portfolio and enhances its production capabilities in detergent and cleaning ingredients. Shares of BASFY are down 8% over the past year compared with the industry’s 11.7% decline. Image Source: Zacks Investment Research BASFY’s Zacks Rank & Key Picks BASFY carries a Zacks Rank of #4 (Sell). Better-ranked stocks in the Basic Materials space include Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, and Air Products and Chemicals, Inc. APD. ALB and DD sport a Zacks Rank of #1 (Strong Buy), while APD carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $7.87 per share, indicating a 1,096.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average ea...
Dycom Industries press release ( DY ): Q4 Non-GAAP EPS of $2.03 beats by $0.25 . Revenue of $1.46B (+35.2% Y/Y) beats by $110M . Adjusted EBITDA of $162.4 million, or 11.1% of contract revenues. Operating cash flow of $419.0 million . Total backlog of $9.542 billion. For fiscal 2027, the Company currently expects the following: Fiscal Year Ending January 30, 2027 Contract revenues $6.85 billion to...
Dycom Industries press release ( DY ): Q4 Non-GAAP EPS of $2.03 beats by $0.25 . Revenue of $1.46B (+35.2% Y/Y) beats by $110M . Adjusted EBITDA of $162.4 million, or 11.1% of contract revenues. Operating cash flow of $419.0 million . Total backlog of $9.542 billion. For fiscal 2027, the Company currently expects the following: Fiscal Year Ending January 30, 2027 Contract revenues $6.85 billion to $7.15 billion vs. $6.88B consensus Contract revenues by segment: Communications $5.70 billion to $5.90 billion Building Systems $1.15 billion to $1.25 billion Click to enlarge First Quarter Fiscal 2027 Outlook: For the first quarter of fiscal 2027, the Company currently expects the following: Quarter Ending May 2, 2026 Contract revenues $1.64 billion to $1.71 billion vs. $1.66B consensus Non-GAAP Adjusted EBITDA $202 million to $218 million Non-GAAP Adjusted Diluted EPS (excluding amortization expense) $2.57 to $2.90 vs. $2.79 consensus Click to enlarge More on Dycom Industries Dycom Industries (And Me) To The AI/Data-Centers Bubble Bears: Just Saying 'No!' Dycom Industries, Inc. (DY) Presents at UBS Global Media and Communications Conference 2025 Transcript Dycom Industries Q4 2026 Earnings Preview Seeking Alpha’s Quant Rating on Dycom Industries Historical earnings data for Dycom Industries
Riskified press release ( RSKD ): Q4 Non-GAAP EPS of $0.12 beats by $0.02 . Revenue of $99.33M (+6.2% Y/Y) beats by $2.12M . GMV of $46.6M. Shares +1.5% PM. More on Riskified Riskified: Pivoting Toward Profitability Amidst Upcoming Macro Headwinds Seeking Alpha’s Quant Rating on Riskified Historical earnings data for Riskified Financial information for Riskified
Riskified press release ( RSKD ): Q4 Non-GAAP EPS of $0.12 beats by $0.02 . Revenue of $99.33M (+6.2% Y/Y) beats by $2.12M . GMV of $46.6M. Shares +1.5% PM. More on Riskified Riskified: Pivoting Toward Profitability Amidst Upcoming Macro Headwinds Seeking Alpha’s Quant Rating on Riskified Historical earnings data for Riskified Financial information for Riskified
Stocks deepened losses as fading hopes for a swift end to the war in Iran amplified concerns about a spike in the price of oil and its knock-on effect on the economy. President Donald Trump said the US will ensure safe passage of oil from the Middle East to head off a potential energy crisis caused by the war with Iran, which continues to reverberate across the region and roil markets. The Opening...
Stocks deepened losses as fading hopes for a swift end to the war in Iran amplified concerns about a spike in the price of oil and its knock-on effect on the economy. President Donald Trump said the US will ensure safe passage of oil from the Middle East to head off a potential energy crisis caused by the war with Iran, which continues to reverberate across the region and roil markets. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Lizzy Burden and Tom Mackenzie. (Source: Bloomberg)
March 4, 2026, 5:03 a.m. MT It wasn't so long ago that a driver on Loop 303 would see only desert as far as the eye could see and only occasionally pass another car. Just 10 years after the freeway opened in north Phoenix and Peoria, traffic engineers are predicting the road could be impassable by 2040 ― if not sooner ― thanks to an explosion of development brought by the Taiwan Semiconductor Manu...
March 4, 2026, 5:03 a.m. MT It wasn't so long ago that a driver on Loop 303 would see only desert as far as the eye could see and only occasionally pass another car. Just 10 years after the freeway opened in north Phoenix and Peoria, traffic engineers are predicting the road could be impassable by 2040 ― if not sooner ― thanks to an explosion of development brought by the Taiwan Semiconductor Manufacturing Co.
New price hikes are reportedly being implemented for the ASUS RTX 50 series stack, except for one SKU, as well as the RDNA 4 series. ASUS Reportedly Increases RTX 50 Series Prices by up to $72 for Flagship Models; RTX 5060 Ti 8 GB Remains Unchanged As Well As RDNA 4 GPUs ASUS has once again increased the prices of its products, particularly its GPUs as per the latest report by Channel Gate. Almost...
New price hikes are reportedly being implemented for the ASUS RTX 50 series stack, except for one SKU, as well as the RDNA 4 series. ASUS Reportedly Increases RTX 50 Series Prices by up to $72 for Flagship Models; RTX 5060 Ti 8 GB Remains Unchanged As Well As RDNA 4 GPUs ASUS has once again increased the prices of its products, particularly its GPUs as per the latest report by Channel Gate. Almost every GPU vendor has implemented new price hikes this year, and they continue to revise the prices, citing higher memory prices. As Channel Gate reports, ASUS is now implementing a price hike between 50 Yuan to 500 Yuan, depending on the GPU model. This price hike is currently only effective in mainland China, and the GeForce RTX 5090 D V2 reportedly saw the highest price increase. As per the report, the RTX 5090 D V2 saw a 500 Yuan or US$72 price hike. The price revision was implemented at the end of February, and it is said that the prices of GPUs will continue to increase in prices in the coming weeks/months. Other models are seeing smaller price changes, such as the GeForce RTX 5080, which saw nearly 100-200 Yuan or US$15-$30 price hike, and the GeForce RTX 5070 and RTX 5060 Ti 16 GB, which are now 100 Yuan or US$15 more expensive. ASUS graphics card factories implemented price increases in advance at the end of February. Some models continue to see ongoing price hikes. Compared to the factory cost adjustment policy implemented on January 21, the details are as follows: RTX 5090 DV2 series: price increased by 500 yuan. RTX 5080 series: entry-level models increased by 100–200 yuan, while other models remain unchanged. RTX 5070 Ti series: most models increased by 200–300 yuan. RTX 5070 + RTX 5060 Ti 16GB series: most models increased by 100 yuan. RTX 5060 Ti 8GB series: price unchanged. RTX 5060 series: all models increased by 50 yuan. 5050 / 3050 / 1030 / 730 / 710 series: general increase of 40–55 yuan. AMD series: all models remain unchanged in price. - ChannelGate (M...
US equity futures rebound and oil pare gains after a report that Iran made indirect contact with the US to negotiate an end to the war with Iran. US primary election results signal the road for Republicans ahead of the November midterms. Lindsay Newman of King's College London discusses the war with Iran as it enters the fifth day. Kamakshya Trivedi of Goldman Sachs says the dollar should still be...
US equity futures rebound and oil pare gains after a report that Iran made indirect contact with the US to negotiate an end to the war with Iran. US primary election results signal the road for Republicans ahead of the November midterms. Lindsay Newman of King's College London discusses the war with Iran as it enters the fifth day. Kamakshya Trivedi of Goldman Sachs says the dollar should still be the haven of choice. (Source: Bloomberg)
The Philippine government said on Wednesday it had apprehended some of its citizens on suspicion of spying for China in a “serious national security matter” that underscores the need for stricter laws against espionage and foreign interference. Authorities did not provide details about the case, including how many people had been apprehended or whether charges had been filed. “The operations of t...
The Philippine government said on Wednesday it had apprehended some of its citizens on suspicion of spying for China in a “serious national security matter” that underscores the need for stricter laws against espionage and foreign interference. Authorities did not provide details about the case, including how many people had been apprehended or whether charges had been filed. “The operations of these individuals acting on the behest of Chinese intelligence have been addressed and terminated,” the National Security Council said in a statement. Advertisement “Necessary actions have been taken against the individuals concerned, all Filipino nationals, who have all confessed their complicity in espionage activities and are cooperating with authorities,” the statement added. Relations between the Philippines and China have grown increasingly fraught amid repeated confrontations in the South China Sea , with both sides also engaging in an intensifying war of words that has played out on social media. Philippines’ Sara Duterte to run for president Philippines’ Sara Duterte to run for president China’s foreign ministry and its embassy in Manila did not immediately respond to a request for comment.
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Anne VanderMey reports on the debate about artificial intelligence on the battlefield. Tech Across the Globe Intel’s new chairman: The chipmaker named industry veteran Craig H. Barratt as its next chairman, replacing Frank Yeary, who has led Intel’s board since 2023. Data...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Anne VanderMey reports on the debate about artificial intelligence on the battlefield. Tech Across the Globe Intel’s new chairman: The chipmaker named industry veteran Craig H. Barratt as its next chairman, replacing Frank Yeary, who has led Intel’s board since 2023. Data center damage: Drones involved in the war with Iran hit two Amazon data centers in the UAE and another in Bahrain, spurring the company to warn of prolonged disruptions to its cloud service. Nvidia’s China sales: The Trump administration is considering a cap on the number of AI accelerators that Nvidia can export to any individual Chinese company, crimping the chipmaker’s potential reentry into the market. Revalued Defense tech startup Anduril is seeking to raise $4 billion in a round that will value the company at $60 billion, led by Josh Kushner’s Thrive Capital and Andreessen Horowitz. The round would roughly double Anduril’s valuation of $30.5 billion last June. Robots with a gun A question that’s gripped Silicon Valley in recent days seems simple: Should autonomous weapons be able to kill people? To a large extent, they already are. “The US government has been fielding autonomous weapons systems for 40 years,” said Michael Horowitz , a professor at the University of Pennsylvania and a former Pentagon official. Radar-guided missiles, for example, already cut humans out for much of their journey. “The horse left the barn on that, so to speak, a really long time ago.” The newer, potentially much deadlier, complication is the rise of artificial intelligence. And even that technology is already being used in some battlefield contexts. Dario Amodei, the chief executive officer of Anthropic, has spoken favorably about some autonomy in the military. “Partially autonomous weapons, like those used today in Ukraine, are vital to the defense of democracy,” Amodei wrote in a recen...
AMD Outlines 2026 Growth 2nm Venice CPUs and Meta AI Partnership At the March 2026 Morgan Stanley Technology, Media & Telecom Conference, AMD CEO Lisa Su detailed the company's trajectory for the latter half of the decade. The company will achieve its financial goals through a 35% compound annual growth rate (CAGR) which leads to a target of $20 earnings per share (EPS) in future years. The compan...
AMD Outlines 2026 Growth 2nm Venice CPUs and Meta AI Partnership At the March 2026 Morgan Stanley Technology, Media & Telecom Conference, AMD CEO Lisa Su detailed the company's trajectory for the latter half of the decade. The company will achieve its financial goals through a 35% compound annual growth rate (CAGR) which leads to a target of $20 earnings per share (EPS) in future years. The company will achieve its goals through extensive AI infrastructure development and the adoption of new silicon technology. The 6 Gigawatt Strategic Partnership with Meta The most important operational change at the company includes a 6 gigawatt arrangement with Meta, which will change operations. The deal requires the creation of custom GPUs which will be designed exclusively for Metas AI requirements rather than normal hardware product sales. The agreement uses a performance based warrant structure to establish technological connections between both companies which will remain through multiple product development cycles. The partnership will enhance AI training efficiency and large scale inference performance through its loading optimization activities. The agreement will enable AMD to enhance its software libraries and rack scale integration process through rapid development activities. AMD is tracking OpenAI deployment at the same level of scale which will begin with the first gigawatt of capacity deployment. The hardware products MI450 and Venice CPUs represent the next generation of computing technology. The product cycle for AMD in 2026 will use the MI450 series accelerators and the upcoming Venice CPU line. The AMD chiplet architecture delivers high bandwidth memory benefits to AI workloads which require inference processing. Venice CPUs These processors are on track to ramp in the second half of 2026. The Venice system uses TSMCs 2 nanometer (2nm) chiplet architecture to create a system which will take on greater market share in traditional computing systems. These proces...
Bath & Body Works press release ( BBWI ): Q4 Non-GAAP EPS of $2.05 beats by $0.28 . Revenue of $2.72B (-2.5% Y/Y) beats by $110M . Provides full-year 2026 guidance of net sales down 4.5% to down 2.5%, earnings per diluted share of $3.00 to $3.25; and adjusted earnings per diluted share of $2.40 to $2.65 vs $2.59 consensus For the first quarter of fiscal 2026, the company is forecasting net sales t...
Bath & Body Works press release ( BBWI ): Q4 Non-GAAP EPS of $2.05 beats by $0.28 . Revenue of $2.72B (-2.5% Y/Y) beats by $110M . Provides full-year 2026 guidance of net sales down 4.5% to down 2.5%, earnings per diluted share of $3.00 to $3.25; and adjusted earnings per diluted share of $2.40 to $2.65 vs $2.59 consensus For the first quarter of fiscal 2026, the company is forecasting net sales to decline between 6% to 4% compared to $1,424 million in the first quarter of 2025. First quarter 2026 earnings per diluted share is expected to be between $0.84 and $0.90 compared to $0.49 in the first quarter of 2025. Excluding the items referenced above, forecasted adjusted earnings per diluted share for the first quarter of 2026 is expected to be between $0.24 and $0.30, compared to earnings per diluted share of $0.49 in the first quarter of 2025. Shares +2.5% PM. More on Bath & Body Works Bath & Body Works: A Double-Digit Yield Bargain With Significant Turnaround Potential Bath & Body Works Goes Back To The Basics Bath & Body Works: Near-Term Outlook Still Poor, But Recovery Plan Has Merits (Rating Upgrade) Bath & Body Works Q4 2026 Earnings Preview Bath & Body Works officially launches a storefront on Amazon