Earnings Call Insights: ADT Inc. (ADT) Q4 2025 Management View CEO James DeVries highlighted that "ADT again delivered a solid quarter and that our overall performance for 2025 was within the guidance ranges we shared at the beginning of the year and updated on our October call." He emphasized a strategy anchored in three core differentiators: unrivaled safety, premium experience, and innovative o...
Earnings Call Insights: ADT Inc. (ADT) Q4 2025 Management View CEO James DeVries highlighted that "ADT again delivered a solid quarter and that our overall performance for 2025 was within the guidance ranges we shared at the beginning of the year and updated on our October call." He emphasized a strategy anchored in three core differentiators: unrivaled safety, premium experience, and innovative offerings, while outlining a vision to combine ADT's human expertise with intelligent technologies for improved outcomes and business economics. DeVries detailed significant investments for 2026 in product technology, customer service, artificial intelligence, and customer acquisition efficiency, focusing on expanding the ADT+ platform, launching features like Live Light and My Safety, and incorporating Origin AI's presence-sensing capabilities. He noted the expansion into e-commerce channels and the launch of ADT Blue for value-conscious and DIY customers. Omar Khan, Chief Business Officer, explained the Origin AI acquisition, describing it as a "defining milestone" that will integrate advanced AI sensing into the ADT+ platform, enabling privacy-first security with unique presence detection capabilities. He announced a five-year, $30 million minimum agreement with Verisure to scale Origin's technology internationally. CFO Jeffrey Likosar stated, "We grew our adjusted free cash flow, including interest rate swaps, by 16% in 2025" and returned nearly $800 million to shareholders. He reported full year revenue of $5.1 billion, adjusted EBITDA of $2.68 billion, and adjusted EPS of $0.89, with attrition at 13.1%. Likosar also noted the reduction of leverage to 2.7x adjusted EBITDA. Outlook Management projected that 2026 revenue and EPS will be approximately flat to 2025 due to prioritization of cash generation, a $50 million investment in technology and go-to-market initiatives, and a $45 million increase in subscriber acquisition costs from tariffs. Likosar shared, "We are cons...
Yahoo Finance's John Hyland tracks today's top moving stocks and biggest market stories in this Market Minute, including how equities (^DJI, ^IXIC, ^GSPC), oil prices (CL=F, BZ=F), and US bond yields (^TYX, ^TNX, ^FVX) are reacting to rising geopolitical risk following US airstrikes on Iran; BYD (1211.HK, BYDDY) shares are gaining after hinting at a new "disruptive" technology; and Paramount Skyda...
Yahoo Finance's John Hyland tracks today's top moving stocks and biggest market stories in this Market Minute, including how equities (^DJI, ^IXIC, ^GSPC), oil prices (CL=F, BZ=F), and US bond yields (^TYX, ^TNX, ^FVX) are reacting to rising geopolitical risk following US airstrikes on Iran; BYD (1211.HK, BYDDY) shares are gaining after hinting at a new "disruptive" technology; and Paramount Skydance (PSKY) stock takes a dip. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
The home secretary is seeking to make refugee status temporary. Let’s go in the opposite direction and fight for an essential right Nigel Farage is worried about democracy. Specifically, he’s worried about his Reform party losing the Gorton and Denton byelection, feeling that they are the victim of “ sectarian voting and cheating ”. Sectarian voting is a peculiar little concept: if it means “every...
The home secretary is seeking to make refugee status temporary. Let’s go in the opposite direction and fight for an essential right Nigel Farage is worried about democracy. Specifically, he’s worried about his Reform party losing the Gorton and Denton byelection, feeling that they are the victim of “ sectarian voting and cheating ”. Sectarian voting is a peculiar little concept: if it means “everyone sharing the same belief system has voted the same way”, isn’t that all voting? Is it a problem if everyone in the same NCT group also voted the same way? Surely there’s more to it. Drill down a little further, and the problem is “family voting”, wherein one family member dictates the votes of all the others. One volunteer polling observers group says it witnessed this in 12% of cases, but it hasn’t been clear on what it means or looks like. Does the head of the family stand at the door saying, “You know what to do” to a crocodile formation of cousins? Would they not have been more likely to do that by WhatsApp? I have personally been the victim of family voting, when in 1997 I wanted to spoil my ballot and my mum told me to vote Labour and stop being stupid. Taking the incredibly long view, it’s possible that I was not stupid, but too late now, I’ve already been party to election rigging. Continue reading...
Like clockwork, Wall Street strategists and investors are turning to a traditional playbook that says stock-market dips triggered by sudden geopolitical flareups are almost always good buying opportunities. There’s one big asterisk to the strategy this time around, however: The potential for a prolonged US and Israeli confrontation with Iran to send oil to the neighborhood of $100 a barrel for som...
Like clockwork, Wall Street strategists and investors are turning to a traditional playbook that says stock-market dips triggered by sudden geopolitical flareups are almost always good buying opportunities. There’s one big asterisk to the strategy this time around, however: The potential for a prolonged US and Israeli confrontation with Iran to send oil to the neighborhood of $100 a barrel for some time, choking off the consumer-driven US economy. While a jump to as high as $100 is currently not the consensus call among oil analysts, it’s a risk that equity bulls are now considering. A prolonged surge in energy costs would not only threaten consumer spending, it would also potentially reignite inflation and send interest rates back up — a scenario that unfolded in real time Monday as US yields spiked higher when Treasuries failed to play their traditional role of safe haven in times of acute geopolitical stress. “Inflation concerns may start to bubble if there is an extended period of higher oil prices,” Jay Woods , chief global strategist for Freedom Capital Markets, wrote in a note. “That will be an enormous and unexpected tax on the consumer, an issue the Fed doesn’t need to grapple with while under presidential pressure to lower rates.” In the first day of trading following the assault on Iran and its subsequent retaliation, the dip in equities proved to be short lived: The S&P 500 slid as much as 1.2% shortly after the open of US exchanges, before recovering losses to trade little changed by midday. West Texas Intermediate crude oil jumped as much as 12% to $75.33 a barrel, before paring gains in half to trade near $71. Brent crude was up 7.4% at $77.85 a barrel. Yet the conflict in the Middle East is hitting a stock market that was already trading cautiously due to concerns about the potential disruption that artificial intelligence poses to a wide variety of companies, as well as accompanying cracks appearing in credit markets . Oil prices have historically o...
Totojang/iStock via Getty Images Investing In Energy ETFs I don't know about my readers, but so far, 2026 has been a year so full of big events that it almost seems that a whole year has already gone by. And yet we are still in Q1. We all know that the outbreak of the conflict with Iran is currently shaping the market, with oil and defense stocks up while many other sectors are losing one or two p...
Totojang/iStock via Getty Images Investing In Energy ETFs I don't know about my readers, but so far, 2026 has been a year so full of big events that it almost seems that a whole year has already gone by. And yet we are still in Q1. We all know that the outbreak of the conflict with Iran is currently shaping the market, with oil and defense stocks up while many other sectors are losing one or two percentage points. What is happening is making me review and revisit what I have discussed about energy. In particular, I underlined how energy (crude and gas, in particular) sees two opposite forces: as a geopolitical weapon, the U.S. has increased its domestic inventory to record highs , which obviously represents a possible bearish fact on oil prices; as the primary source of power, the AI buildout is creating a demand boom which is surely bullish for commodity and related-stock prices. In particular, on oil, I took the stance that I am not investing right now in shale because production in the Permian has higher breakeven points. I argued that Canadian Natural Resources was a better pick because of its sand assets . As far as natural gas goes, I am personally invested in AMLP, which is the best way to be exposed to midstream MLPs without the burden of complex tax filings. However, there is another very interesting pick if we want to invest in American pipelines and energy infrastructure. It is the Global X MLP & Energy Infrastructure ETF ( MLPX ), which I described as a dividend-growth play on the U.S. energy boom . In particular, while AMLP offers a higher yield, MLPX grows its dividends at a faster growth rate and has historically offered better performance. This is why the strategy I previously discussed is to use MLPX as a core compounder and AMLP as an income booster. Given how fast the situation evolved after Maduro's capture and Khameini's death, let's then take a look at this ETF once again, focusing on how the macroeconomic situation can impact its holdings. MLP...
Parradee Kietsirikul/iStock via Getty Images The End of a Winning Streak. After 9 months of unrelenting gains, the market did the unthinkable in February - it declined in value. For the month of February, the S&P 500 TR Index logged a modest -.75% loss and intra-month volatility ticked up as well, with 2.55% pts. separating the high and the low point. AI Sentiment Shift. Sentiment around the AI st...
Parradee Kietsirikul/iStock via Getty Images The End of a Winning Streak. After 9 months of unrelenting gains, the market did the unthinkable in February - it declined in value. For the month of February, the S&P 500 TR Index logged a modest -.75% loss and intra-month volatility ticked up as well, with 2.55% pts. separating the high and the low point. AI Sentiment Shift. Sentiment around the AI stocks that have fanned the flames of this bull market dimmed this month. Amazon ( AMZN ): -12.2% META ( META ): -9.5% Microsoft ( MSFT ): -8.7% Google ( GOOG ): -7.8% Nvidia ( NVDA ): -7.3% Broadcom ( AVGO ): -3.5% In part, we believe this shift has to do with AI investment exuberance shifting to anxiety. In the pursuit of AGI, all the major hyperscalers have announced enormous capital investment plans for 2026. As it turns out, the work of producing intelligence out of rocks and electricity is very expensive. Four-wall data center construction, electrical grid connections, backup generators, water systems, cooling systems; and of course, expensive semiconductors clusters with the price tag of each chip hovering at about the same level as a mid-sized SUV. Earlier in the month, Amazon announced the most ambitious capital plan of the bunch. Management has promised to spend $200B on AI and related projects. Saying that number is enormous seems insufficient. It feels to us that we are now at the part of the cycle where language fails to describe the math and the market is starting to ask sensible questions. How fast, reasonable and large is the expected return on this plan? Given that decline in Amazon's stock price, the market remains skeptical, but for his part, for the last six months or so, CEO Andy Jassy has repeatedly said that as fast as we're adding capacity [AWS - AI] right now, we're monetizing it. - Article: Yahoo Finance Private Credit, Trouble in Paradise. Outside of the happenings of the AI world, the developments coming out of the private credit markets are the mo...
alxpin/E+ via Getty Images Listen below or on the go via Apple Podcasts and Spotify Cruise lines, airlines, hotels all struggle . (0:15) AES plunges after agreeing to buyout . (1:41) ISM Manufacturing Index tops expectations . (2:05) The following is an abridged transcript: Travel and leisure stocks are being hit hard as investors weighed the impact of the U.S.-Israel-Iran conflict and higher oil ...
alxpin/E+ via Getty Images Listen below or on the go via Apple Podcasts and Spotify Cruise lines, airlines, hotels all struggle . (0:15) AES plunges after agreeing to buyout . (1:41) ISM Manufacturing Index tops expectations . (2:05) The following is an abridged transcript: Travel and leisure stocks are being hit hard as investors weighed the impact of the U.S.-Israel-Iran conflict and higher oil prices. Carnival Corporation ( CCL ), Royal Caribbean Cruises ( RCL ) and Norwegian Cruise Line Holdings ( NCLH ) are all slumping. In the airline sector, the biggest decliners were Frontier Group ( ULCC ), United Airlines ( UAL ), American Airlines ( AAL ), LATAM Airlines ( LTM ), and Delta ( DAL ). Jefferies said jet fuel prices were a bigger concern with investors across the group than cancellations of flights to the Middle East. Intercontinental ( IHG ), Hyatt ( H ), Wyndham Hotels (W H ) and Hilton ( H LT) are all notably lower. Analysts pointed to concerns over Middle East bookings for the next few months, even if the conflict resolves quickly. And Six Flags ( FUN ) is under pressure, with its Saudi Arabia theme park at risk of near-term traffic disruption. But the overall market has erased nearly all of its morning losses, helped by the tech sector. Former J.P. Morgan strategist Marko Kolanovich says: “Oil is up, Yields are up, Gold is up, Global stocks are down. U.S. stocks are a bit delusional.” But Societe Generale notes that in the five previous oil shocks in the last 50 years , the S&P tends to be slightly higher a week later, down 2.3% after three months, but back in the green six months down the line. Among other active stocks, out of the M&A-adviser penalty box, J.P. Morgan resumed coverage of Netflix ( NFLX ) with an Overweight rating and a $120 price target — more than 40% upside from current levels. Analysts say Netflix remains a healthy organic growth story, driven by strong content, global subscriber growth, continued pricing power, and an ad tier that’s...
vadishzainer Oppenheimer analysts are signaling bullish momentum opportunities across several sectors as the market enters March, citing historical patterns that favor equity gains when the S&P 500 ( SP500 ) sits above its 200-day moving average. “Historically, equities have posted stronger returns in March than February,” the strategists noted, adding that since 1950, the benchmark has averaged a...
vadishzainer Oppenheimer analysts are signaling bullish momentum opportunities across several sectors as the market enters March, citing historical patterns that favor equity gains when the S&P 500 ( SP500 ) sits above its 200-day moving average. “Historically, equities have posted stronger returns in March than February,” the strategists noted, adding that since 1950, the benchmark has averaged a 1.2% gain and traded higher 66% of the time under these conditions. The index remains in an uptrend above 6,520 support, according to Oppenheimer, with the recent four-month consolidation resetting overbought conditions. The analysts are pivoting away from mega-cap concentration toward broader market participation, stating they “side with strength in market breadth over weakness in market capitalization” as the bull cycle enters its fourth year. According to Oppenheimer, while the Magnificent Seven stocks ( MAGS ) have weighed on the S&P 500 ( SP500 ) since October, the momentum factor has shown resilience through the value rotation. The strategists highlighted that avoiding certain underperforming areas can be just as important as picking winners, noting minimal software ( IGPT ), ( XSW ), ( IGV ) exposure has supported their momentum-focused approach. Within the technology sector ( AIQ ), ( ARTY ), ( VGT ), Oppenheimer sees a clear divergence between struggling software stocks and the broader equal-weighted segment. “Software has weighed on technology since our mid-January downgrade,” the analysts wrote, noting that excluding software's -10% momentum score, technology's overall rating improves dramatically to +6% from -4%. The firm’s buy-rated technology picks include Apple ( AAPL ), TE Connectivity ( TEL ), Jabil ( JBL ), and MongoDB ( MDB ). Biotechnology ( XBI ), ( BBH ) and Metals & Mining ( ICOP ), ( XME ) rank as top industries in Oppenheimer’s momentum work, with the analysts declaring that for biotech, “the lost decade appears to have reached an inflection point....
Lassie Is Skeptical That The RC Team Can Get Absolutely Anything Right Eudyptula/iStock via Getty Images In our previous coverage of Ready Capital Corporation ( RC ), we highlighted the ongoing destruction of book value and decided not to put a buy rating despite the large discount to NAV. We did point out that there are usually no straight lines to zero and RC could bounce. So this remains a stoc...
Lassie Is Skeptical That The RC Team Can Get Absolutely Anything Right Eudyptula/iStock via Getty Images In our previous coverage of Ready Capital Corporation ( RC ), we highlighted the ongoing destruction of book value and decided not to put a buy rating despite the large discount to NAV. We did point out that there are usually no straight lines to zero and RC could bounce. So this remains a stock for traders and not for investors. Post tax-loss selling, you might get some sort of a big bounce. There is a long list of firms that did 50% plus rallied from intermediate lows, on their way on an eventual goose egg. No reason RC cannot be one. Source: Value Destruction Proceeds On Schedule This caution worked out, as the stock, despite the big up move on February 27, remains well below the point at which we last wrote about it. Seeking Alpha We review the recently released results and tell you why we are more confident about it going to zero. Q4-2025 RC reported a massive loss of $1.46 and distributable losses of 43 cents per share. Even the most clean-shaven of all metrics, "distributable losses before realized losses," was negative. Interestingly enough, the company still originated almost $375 million of new loans. RC Presentation There are a couple more things we want to touch on in that slide, but we will get to that later. On an operating segment level, RC managed to lose money in every possible direction. RC Presentation Book value per share dropped to $8.79. This offset multiple quarters of book value increases driven by share repurchases. To be clear, book value per share has moved in one general direction...down. What we are getting at is that all these share repurchases were just a small offset of the value destruction in the regular course of business. RC Presentation Outlook & Verdict Despite some small reduction in RC's balance sheet, the total value at risk remains incredibly high. In fact, as we see the reduction in total assets from Q3-2025 to Q4-2025, ...
JPMorgan, Barclays and Fifth Third face a fresh lawsuit as Tricolor noteholders allege ignored audit red flags in ABS deals now trading at under 10 cents on the dollar.
JPMorgan, Barclays and Fifth Third face a fresh lawsuit as Tricolor noteholders allege ignored audit red flags in ABS deals now trading at under 10 cents on the dollar.