MSFT DCF Analysis: Intrinsic Value $479 vs Price $423 GuruFocus

ORCL DCF Analysis: Intrinsic Value $112 vs Price $175 GuruFocus

财联社4月20日讯（记者 封其娟） 中基协今日公布了私募基金管理人登记及产品备案的3月数据。 值得关注的是，截至今年3月末，私募存续总规模已达22.72万亿元。继去年10月、11月、12月及今年1月、2月分别以22.05万亿元、22.09万亿元、22.15万亿元、22.44万亿元、22.6万亿元的总规模连续刷新历史峰值后，私募存续规模再度突破纪录，连续6个月攀升新高。 3月，在中基协AMBERS系统完成新登记的私募机构共11家。其中， 证券 类私募、 股权 类私募分别有8家、3家。同月，共计73家私募完成注销。 增量上，3月新备案私募产品共计2368只，新备案规模为1192.99亿元，其中证券类私募新发数量、备案规模占比均在七成上下。较之2月，3月私募新发产品增加469只，但整体募资环比减少约10%。数据显示，2月新备案私募产品共计1899只，新备案规模为1329.93亿元 存量上，截至3月末，存续私募基金管理人19067家，存续私募基金共140931只，对应管理基金总规模为22.72万亿元。较之2月末，私募机构数量小幅减少，行业延续小幅出清态势，但存续产品数量稳步扩容。截至2月末，存续私募基金管理人19129家，存续私募基金共140263只，对应管理基金总规模为22.6万亿元。 另据私募排排网统计，今年3月，788家私募共计备案了1686只证券类产品（含自主发行和担任投顾的产品）。较2月而言，参与备案的私募机构更多，新发产品数量环比增超20%。 证券类私募产品占新发七成 据中基协披露，今年3月备案私募的2368只产品中，私募证券投资基金、创业投资基金、私募股权投资基金分别有1686只、517只、165只，数量占比分别为71.2%、21.8%、7.0%；另外，前述各类产品的新备案规模依次为822.51亿元、238.17亿元、132.32亿元，规模占比分别为68.9%、20.0%、11.1%。 截至今年3月末，19067家存续私募基金管理人中，股权类私募、证券类私募、其他私募投资基金、资产配置类私募分别有11442家、7454家、168家、3家。 与此同时，140931只存续私募基金中，私募证券投资基金、私募股权投资基金、创业投资基金分别有81745只、29887只、28554只；存续规模依次为7.46万亿元、11.16万亿元、3.82万亿元，在22.72万亿元的私募...

We Are/DigitalVision via Getty Images I previously rated Digital Turbine, Inc. ( APPS ) as a Buy in November 2025, thanks to the renewed profitable growth prospects from the higher smart device sales and the expanding OEM/carrier partnerships. In this article, I shall discuss why I am reiterating my Buy rating here, thanks to its deep value investment thesis from the prior meltdown. APPS Delivers Improved Monetization Trends APPS 1Y Stock Price ( TradingView ) Since my last buy rating, APPS has underperformed given the market-wide SaaS / tech pessimism through March 2026, as similarly observed in its ad-tech peers in varying degrees. I am of the opinion that APPS' meltdown has been unwarranted, albeit triggering an improved entry point for those looking to dollar cost average. 1. Advertising Growth Flywheel For one, APPS operates across two core segments , namely the: On Device Solutions [ODS] - the delivery of mobile application media/content/application for advertiser/publisher customers through mobile carriers/device OEMs, and App Growth Platform [AGP] - the monetization of users through its end-to-end advertising capability across Supply-Side Platform [SSP] and Demand-Side Platform [DSP], along with the provision of "brand and performance advertising products to advertisers and agencies." In short, APPS offers "over 80,000 different applications" through Ignite, its app distribution platform, while allowing advertisers access to up to 3B of its installed devices - with it triggering a rather powerful growth flywheel across app distribution and ad monetization, respectively. Thanks to its expanded carrier/OEM/mobile game developer partnerships, APPS has been able to report a robust ODS revenue growth to $99.55M in FQ3'26 (+8.5% YoY), particularly in APAC/China by +50.9% YoY thanks to the " strong volumes from our international partners." The higher installed base then allows the ad-tech company to deliver a robust AGP revenue growth to $52.61M (+18.9% YoY), thank...

一位参加了首轮伊美谈判的伊朗知情人士告诉总台记者，截至当地时间20日15时，北京时间19时30分，由于美方言行的不断改变，伊朗对美方“深度不信任”，伊朗尚未决定是否参加第二轮伊美谈判。知情人士指出，19日美国对伊朗商船的袭击，将事态变得更为复杂。（央视新闻）

Accenture, Avanade and Microsoft are co-developing an agentic factory intelligence system that connects advanced AI agents with human workers on the factory floor. The system is being tested with established manufacturers and uses Microsoft technology for real time, AI driven factory operations. This alliance extends Accenture’s recent activity in AI partnerships and highlights its push to embed collaborative AI into industrial settings. Accenture (NYSE:ACN) is moving deeper into applied AI...

中控技术公告，2025年营业收入80.73亿元，同比下降11.66%。净利润4.41亿元，同比下降60.48%。拟向全体股东每10股派发现金红利2.8元（含税），合计拟派发现金红利2.18亿元（含税）。

Art Wager Tesla ( TSLA ) announced over the weekend that it is now offering robotaxi rides in Dallas and Houston. Within Texas, the company has already been running a geofenced self-driving taxi service network in Austin since last year. The Elon Musk-led company posted a video on its official X account that showed a driverless Model Y without a safety monitor in the passenger seat. Tesla ( TSLA ) also highlighted the robotaxi service areas for both Houston and Dallas. Tesla In addition to the three Texas cities, Tesla ( TSLA ) has a robotaxi service in the San Francisco Bay area, although it still deploys a safety monitor. The company has pointed to planned robotaxi expansion in Phoenix, Miami, Orlando, Tampa, and Las Vegas. Investors are likely to hear much more about Tesla's ( TSLA ) robotaxi plans during the earnings conference call on Wednesday at 4:30 p.m. Shares of Tesla ( TSLA ) edged 0.8% lower in premarket trading to $397.69 vs. the 52-week range of $222.79 to $498.83. More on Tesla Wall Street Brunch: Tesla Reports As Earnings Season Picks Up Tesla: The Stock Market's Valuation Laws Don't Apply Here (Rating Upgrade) Tesla: More Good News, And Markets Noticed Quant snapshot: Eni, Alpine Income Property Trust lead top-rated names as Crown Castle, Goosehead Insurance lag Earnings week ahead: TSLA, IBM, T, INTC, GE, BA, UNH, NOW, PM, CMCSA, and more

Art Wager Tesla ( TSLA ) announced over the weekend that it is now offering robotaxi rides in Dallas and Houston. Within Texas, the company has already been running a geofenced self-driving taxi service network in Austin since last year. The Elon Musk-led company posted a video on its official X account that showed a driverless Model Y without a safety monitor in the passenger seat. Tesla ( TSLA ) also highlighted the robotaxi service areas for both Houston and Dallas. Tesla In addition to the three Texas cities, Tesla ( TSLA ) has a robotaxi service in the San Francisco Bay area, although it still deploys a safety monitor. The company has pointed to planned robotaxi expansion in Phoenix, Miami, Orlando, Tampa, and Las Vegas. Investors are likely to hear much more about Tesla's ( TSLA ) robotaxi plans during the earnings conference call on Wednesday at 4:30 p.m. Shares of Tesla ( TSLA ) edged 0.8% lower in premarket trading to $397.69 vs. the 52-week range of $222.79 to $498.83. More on Tesla Wall Street Brunch: Tesla Reports As Earnings Season Picks Up Tesla: The Stock Market's Valuation Laws Don't Apply Here (Rating Upgrade) Tesla: More Good News, And Markets Noticed Quant snapshot: Eni, Alpine Income Property Trust lead top-rated names as Crown Castle, Goosehead Insurance lag Earnings week ahead: TSLA, IBM, T, INTC, GE, BA, UNH, NOW, PM, CMCSA, and more

Zurcher Kantonalbank Zurich Cantonalbank Buys 22,862 Shares of Palantir Technologies Inc. $PLTR MarketBeat

Capital City Bank (CCBG) delivered earnings and revenue surprises of +8.24% and -1.18%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

巴基斯坦与伊朗讨论第二轮美伊谈判安排 巴基斯坦内政部20日发布声明说，巴内政部长穆赫辛·纳克维当天在与伊朗驻巴大使穆加达姆会谈时与伊方就美伊第二轮谈判的安排进行了讨论。 纳克维说，在伊斯兰堡进行第二轮谈判的准备工作已全部就绪，巴方已为外国代表团安排了万无一失的安全措施。 来源：新华社 特朗普称就对伊朗封锁一事考虑巴基斯坦方面建议 巴基斯坦安全部门消息人士表示，巴基斯坦陆军参谋长穆尼尔与美国总统特朗普通话时表示，美国对伊朗港口的封锁是谈判的障碍。特朗普回应说会考虑穆尼尔的有关建议。 此前，路透社报道称，穆尼尔告诉特朗普，美国封锁霍尔木兹海峡是美国和伊朗谈判的障碍。 巴基斯坦和美国官方对此暂无回应。 来源： 央视新闻 巴基斯坦内政部长会见伊朗大使 讨论美伊谈判筹备工作 据巴基斯坦内政部4月20日消息，巴基斯坦内政部长穆赫辛·纳克维当天会见了伊朗驻巴基斯坦大使。双方就美伊第二轮谈判的筹备工作进行了讨论。 双方强调，必须通过外交和谈判渠道寻求可持续的解决方案，以缓解紧张局势。 纳克维简要介绍了他最近对伊朗的访问情况。 伊朗驻巴基斯坦大使对巴基斯坦在缓解紧张局势方面发挥的积极和建设性作用表示赞赏。 来源： 央视新闻 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

财联社4月20日讯（记者 胡皓琼） 继国产第二艘大邮轮“爱达·花城号”交付时间敲定后，其船票开售时间、首航季航线公布。针对今年暑期旅游市场，有业内人士表示，今年与此前不同，邮轮IP扎堆，带热邮轮游。 今日，财联社记者从爱达邮轮处获悉，“爱达·花城号”船票将于5月20日开售。航线布局来看，爱达邮轮方面表示，首航航线计划从广州开启前往中国香港、越南顺化（真美）6天5晚的国际邮轮航次。预计2027年，爱达邮轮在大湾区的运力投放将比2025年增长一倍。 从其整个首航季航线来看，包括5天4晚、6天5晚前往中国香港、越南的航次；9天8晚“南洋风情线”航次，覆盖越南芽庄（金兰）、马来西亚亚庇和文莱麻拉等热门目的地；17天16晚的东南亚六国航次，挂靠新加坡、马来西亚、文莱、菲律宾、印度尼西亚和越南。 “选择这些航线目的地的原因，一方面，东南亚旅游热度较高，另一方面，从航程来看也比较适合做邮轮产品。”爱达邮轮产品及客户体验助理副总裁国佳告诉财联社记者。 “实际上，爱达邮轮旗下‘爱达·地中海号’自2024年12月起就在广州投入运营，其东南亚航线运营表现较好，这也将为后续的广州母港运营提供经验。”爱达邮轮相关负责人对财联社记者表示，2025年12月—2026年3月底的“爱达·地中海号”广州冬春航季中，共计运营了23个国际邮轮航次，接待出入境旅客7.2万余人次。 至于“爱达·花城号”的首航日期，爱达邮轮方面称，目前该邮轮计划于今年11月6日完成交付，目前首航日期待定，将很快宣布。公司正协同中国 船舶 （600150.SH）旗下 外高桥 造船等推进各项运营筹备工作。 值得关注的是，国产首艘大邮轮“爱达·魔都号”将于今年暑期首次以深圳为母港运营国际邮轮航线。具体计划于8月13日至9月16日从深圳国际邮轮母港出发，航线覆盖包括5天4晚及6天5晚航线，造访越南顺化（真美）、下龙湾、芽庄（金兰）及韩国济州等热门目的地；此外，爱达·魔都号还将于8月27日执行9天8晚的航线，挂靠马来西亚亚庇、文莱麻拉及越南芽庄（金兰）。 从今年暑期邮轮市场来看， 岭南控股 （000524.SZ）旗下广之旅相关负责人告诉财联社记者，与此前不同的是，今年暑期，大型邮轮IP扎堆。如迪士尼游轮、皇家加勒比“海洋标志号”等超级IP邮轮进驻亚洲及全球远洋市场，带热暑期旺季国际邮轮游市场，吸引了包含亲子家庭在内的全龄段客群关注。 前...

Key PointsEnbridge produces steadier cash flow from a more diversified business.

Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince China's President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports . "Normal navigation through the Strait of Hormuz should be maintained, this is in the shared interests of regional countries and the international community," Xi said, in the statement also carried by AFP. He called for an immediate, comprehensive ceasefire and insisted disputes be resolved through political and diplomatic means. Getty Images He added that China will deepen strategic mutual trust with Saudi Arabia and expand practical cooperation . South China Morning Post observes that it was " the first time the Chinese leader had called for the reopening of the strategically vital waterway , which has been repeatedly blockaded since US-Israeli strikes on Iran began on February 28." China imported 5.86 million tons of crude oil from Saudi Arabia , down 10% from February , according to customs data released Monday. As for where things stand on the negotiations front, Iran hesitated over sending diplomats to Pakistan for a second round of peace talks after the US maintained a blockade of the Strait of Hormuz and seized an Iranian vessel , after apparently firing on it, undermining prospects for a breakthrough to end the war. Initially it appeared to shut the door on second talks, however per Associated Press Monday morning : Iranian authorities have expressed willingness to send a delegation for a second round of talks in Islamabad this week , two Pakistani officials said Monday. The officials, who spoke on condition of anonymity because they were not authorized to brief the media, said there is cautious optimism that de...

格隆汇4月20日｜据央视，当地时间20日，法国国家安全证件管理局确认，其信息系统于4月15日发生安全事件，导致部分用户个人数据遭未经授权访问。法国内政部表示，受影响信息可能包括姓名、电子邮箱、出生日期，以及部分用户的住址、出生地和电话号码等，但不涉及办理证件时提交的附件材料，也无法直接用于登录账户。相关部门称已启动技术调查，并采取措施加强系统安全，同时正向受影响用户发送通知。法国司法部门已介入调查。法国国家安全证件管理局负责办理法国护照、身份证、居留证及驾驶执照等重要证件业务。此次事件引发外界对公共机构网络安全的关注。

The former ballet dancer said Chalamet’s comments were ‘reckless’ in an interview with the New York Times in which she also discussed her violent childhood Actor and former ballet dancer Charlize Theron has joined the chorus of disapproval aimed at Timothée Chalamet over his remarks that appeared to disrespect performers of ballet and opera . In an interview with the New York Times , Theron said: “Oh, boy, I hope I run into him one day,” adding: “That was a very reckless comment on two art forms that we need to lift up constantly because, yes, they do have a hard time. But in 10 years, AI is going to be able to do Timothée’s job, but it will not be able to replace a person on a stage dancing live.” Continue reading...

United Microelectronics (UMC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Francisco Blanch, head of commodities and derivatives research at BofA Securities, discusses the post-conflict issues facing the global oil market, the availability of jet fuel, and the potential timeframe for restoring oil flows once the war in Iran comes to an end. (Source: Bloomberg)

从开展政绩观学习教育，到加强巡视，加大惩戒力度，再到建章立制，树立正确政绩观、纠正政绩观偏差正在形成“闭环”。 根据党中央关于巡视工作的统一部署，近日，二十届中央第七轮巡视完成进驻工作，此轮巡视的工作重点之一是聚焦‌政绩观问题‌，检查是否树立和践行正确政绩观。 今年2月下旬，中共中央办公厅印发了《关于在全党开展树立和践行正确政绩观学习教育的通知》（下称《通知》），以县处级以上领导班子和领导干部特别是“一把手”为重点开展学习教育活动。 今年是“十五五”开局之年，在此关键节点，通过学习教育及巡视推动各级领导班子和领导干部树立和践行正确政绩观的重要性不言而喻。从专门部署学习教育，到将其作为巡视重点，环环相扣，指向性更强，震慑性也更强。目的就是多管齐下，摒除政绩观偏差，促进持续取得更加实实在在、更加惠及国家发展和人民福祉的高质量发展。 出现政绩观偏差的动因往往是从个人或小团体利益出发，心浮气躁、急功近利、弄虚作假、盲目蛮干，搞“形象工程”“政绩工程”，留下包袱和隐患。这样的例子已经有很多，造成的损失更是触目惊心。 最新被查处的案例是中原某省在招商引资方面的数字造假。有的县实到招商资金为一个亿，却被夸大成78个亿；有的区上报招商资金9.6个亿，其实一分钱都没到；某县虚报招商资金40亿元。目前，该省市县纪委监委对三级商务部门的25名党员干部予以追责问责，省商务厅党组向省委作出深刻检查。 这一案例最初以整治形式主义为基层减负的典型被通报，现在该省进一步从树立和践行正确政绩观上找根源，对问题的认识更深了一层，也折射出整治形式主义朝着纠治政绩观偏差纵深推进。形式主义与政绩观错位高度关联，纠治形式主义，必须从根上校正政绩导向。 当前，从中央到地方，强化正确政绩观、纠治政绩观偏差的鼓点越来越密。对政绩观存在偏差的地方来说，虚与委蛇、避重就轻，或者对处罚红线存在侥幸心理，都会带来视觉上的盲点和形势上的误判。唯一的路径就是进行认真彻底整改。 之所以存在虚与委蛇、避重就轻的空间，是因为很多政绩观偏差行为都有着促进地区发展的“外包装”，为此不顾自身实际，盲目举债上项目，最后或者是半途而废，或者形成没有经济效益的水泥钢筋丛林，政府还需要每年为之提供补贴，成为甩不掉的包袱。 上述《通知》强调，要完整准确全面贯彻新发展理念，加快构建新发展格局，着力推动高质量发展，创造经得起实践、人民、历史检验的实绩。...

BlackBerry And NVIDIA Tie-Up - What's Going On? - BlackBerry (NYSE:BB), NVIDIA (NASDAQ:NVDA) Benzinga

SPYG260515C00095000 互動股市圖表 | SPYG May 2026 95.000 call 股市 Yahoo 財經

Whether the tech billionaire will attend the interview requested by Paris prosecutors remains to be seen.

申铉松（Shin Hyun-song）已被正式任命为韩国央行行长。

格隆汇4月20日｜据媒体消息，申铉松(Shin Hyun-song)已被正式任命为韩国央行行长。

新疆、內蒙古等地出現大風沙塵天氣，寧夏部分地區落雪氣溫大幅下降，有地方跌破零度。 中央氣象台維持大風黃色沙塵暴藍色，及暴雨藍色預警。新疆喀什岳普湖縣，周日早上起出現強沙塵暴天氣。 陝西西安、榆林等地，周日午後沙塵暴天氣加劇，能見度低汽車需要減速慢行。內蒙古同樣也有大風沙塵，氣溫跌破零度，並有雨雪。 寧夏南部的部分地區周日下午落雪，氣溫較前一日下降約十度，局部地區甚至跌至零度以下。 另外，四川、重慶、貴州、湖南、廣西等，部分地區，從周日到周一早上都有大暴雨。重慶大足區有雷暴，部分路段一度水浸。

巴基斯坦内政部20日发布声明说，巴内政部长穆赫辛·纳克维当天在与伊朗驻巴大使穆加达姆会谈时与伊方就美伊第二轮谈判的安排进行了讨论。 纳克维说，在伊斯兰堡进行第二轮谈判的准备工作已全部就绪，巴方已为外国代表团安排了万无一失的安全措施。(新华社)

(RTTNews) - Surf Air Mobility Inc.(SRFM), an American aviation company, on Monday revised its adjusted EBITDA loss guidance and reaffirmed its revenue outlook for fiscal 2026.

The Pentagon is expected to disclose details about proposed fiscal 2027 U.S. military spending on Tuesday. Palantir stock could get a boost.

內地五一假期臨近，早前有報道指，受燃油價格上升等因素影響，大批出發往東南亞的航班取消。內地航空業界強調，假期期間，內地航空公司從內地出發的國際航班充足，又指會確保旅客順利出行。 近期有消息指，今年內地五一假期，大量從內地出發的國際航班需要取消。中國航空運輸協會指，5月1日至5日，內地國際航班較上年增長百分之5.5，往曼谷、新加坡、吉隆坡等東南亞主要城市的航班，全部正常、班次穩定，而北京、上海、廣州往返悉尼、墨爾本等主要航線，班次也沒有大變動。 中國航空運輸協會理事長助理朱耀春說：「大家關注的東南亞地區，五一(假期)期間，中方航空公司計劃提供座位48.7萬個，較去年同期增加4.8萬個，目前已銷售的機票24.8萬張，運力完全滿足需求。」 他又指，目前是東南亞、澳洲旅遊淡季，一些較冷門航線客座率偏低，因此對這部分航線做調整。 朱耀春指：「近期取消的至東南亞、澳洲的國際航班，訂座率都不足三成，初步統計(調減後)，中方航司東南亞方向航班訂座率約五成，澳洲方向航班訂座率約七成。」 有業內人士指，中東局勢對航空煤油整個供應鏈影響很大，東南亞不少國家需要依賴進口，因此近期部分外國航空公司，取消從內地往東南亞航班，不只是因為價格，還因為無油可加。 而多間內地航空公司負責人指，若旅客在五一期間航班被取消，可優先簽轉，全力維護旅客合法權益。