MacroGenics ( MGNX ) fell ~18% in the premarket on Tuesday after the cancer drug developer announced that the U.S. FDA has imposed a partial clinical hold on a mid-stage trial for its lead asset, lorigerlimab. The agency has initiated the partial clinical hold on the Phase 2 LINNET study after the company notified it of certain safety events observed in four patients who received lorigerlimab, Mac...
MacroGenics ( MGNX ) fell ~18% in the premarket on Tuesday after the cancer drug developer announced that the U.S. FDA has imposed a partial clinical hold on a mid-stage trial for its lead asset, lorigerlimab. The agency has initiated the partial clinical hold on the Phase 2 LINNET study after the company notified it of certain safety events observed in four patients who received lorigerlimab, MacroGenics ( MGNX ) said in a statement on Monday after the close. According to the company, the safety events ranged from Grade 4 thrombocytopenia, Grade 4 myocarditis, and Grade 4 neutropenia to septic shock, which resulted in a Grade 5 event. As part of LINNET, which is designed to evaluate loriglimab in patients with gynecologic cancers, 41 subjects have received 6 mg/kg of the drug every three weeks so far. Until the FDA lifts the partial hold, the company will not be allowed to enroll new patients in the trial. Existing patients will continue to receive the experimental therapy. More on MacroGenics Incyte wins EU backing for MacroGenics-partnered cancer drug in GIT indication Seeking Alpha’s Quant Rating on MacroGenics Historical earnings data for MacroGenics Financial information for MacroGenics
Geely Auto – assembler of mainland China’s bestselling pure electric vehicle (EV), the Galaxy Xingyuan – said it is betting on longer-range and faster-charging technologies, rather than price cuts, to consolidate its leading position in the world’s largest car market. Jerry Gan Jiayue, CEO of the firm’s car subsidiary, pledged that the carmaker, as a bellwether player, would “oppose involution”, w...
Geely Auto – assembler of mainland China’s bestselling pure electric vehicle (EV), the Galaxy Xingyuan – said it is betting on longer-range and faster-charging technologies, rather than price cuts, to consolidate its leading position in the world’s largest car market. Jerry Gan Jiayue, CEO of the firm’s car subsidiary, pledged that the carmaker, as a bellwether player, would “oppose involution”, while staying committed to driving the growth of China’s automobile sector. Involution refers to...
Ferguson Enterprises Inc. press release ( FERG ): Q4 Non-GAAP EPS of $2.10 beats by $0.01 . Revenue of $7.5B (+3.7% Y/Y) beats by $40M . Calendar 2026 Guidance Calendar 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth (vs estimated growth of 4.31% Y/Y) Adjusted operating margin* 9.4% - 9.8% Interest expense ~$200 million Capital expenditures $350 - $400 million ...
Ferguson Enterprises Inc. press release ( FERG ): Q4 Non-GAAP EPS of $2.10 beats by $0.01 . Revenue of $7.5B (+3.7% Y/Y) beats by $40M . Calendar 2026 Guidance Calendar 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth (vs estimated growth of 4.31% Y/Y) Adjusted operating margin* 9.4% - 9.8% Interest expense ~$200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* ~26% * The Company does not reconcile forward-looking non-GAAP measures. See “Non-GAAP Reconciliations and Supplementary information”. Click to enlarge More on Ferguson Enterprises Inc. Ferguson: Capitalizing On The Infrastructure Supercycle While We Wait For Housing Ferguson: Stay Buy Rated As The Earnings Growth Runway Remains Clear Ferguson Enterprises Inc. 2026 Q1 - Results - Earnings Call Presentation Ferguson Enterprises Inc. declares $0.89 dividend ClearBridge Appreciation Strategy adds LHX, BSX, and ASMIY; exits CP, LEN, and TXN among Q4 moves
Thibault Renard The UK government said Tuesday streaming platforms like Netflix ( NFLX ), Amazon Prime Video ( AMZN ), and Disney+ ( DIS ) will have to adhere to accessibility rules set for traditional broadcasters by the communications services regulator, Ofcom, for the benefit of disabled people in the region. The move by the government requires streaming platforms to have at least 80% of their ...
Thibault Renard The UK government said Tuesday streaming platforms like Netflix ( NFLX ), Amazon Prime Video ( AMZN ), and Disney+ ( DIS ) will have to adhere to accessibility rules set for traditional broadcasters by the communications services regulator, Ofcom, for the benefit of disabled people in the region. The move by the government requires streaming platforms to have at least 80% of their total catalog subtitled, 10% audio-described, and 5% signed, which will aid 18M people across the UK with disabilities impacting their sight or hearing. UK ministers will work to create a new VoD accessibility code, which will set minimum requirements for accessibility features, the government said. "The government wants to ensure that UK viewers with disabilities can be confident that the appropriate accessibility requirements are in place, whether they tune in via traditional channels or a mainstream on-demand service," the government said in a statement. Large mainstream services will have four years to meet the requirements, with interim targets after two years. More on Netflix, Amazon, etc. Amazon: How I Learned To Stop Worrying And Love The CapEx Amazon: We Initiated A Position Amidst Tariff-Related Market Volatility Amazon: History Rhymes As E-Commerce Playbook Meets AI What they're saying about Paramount's bid for Warner Bros. Paramount reportedly submits new bid for Warner Bros. - Variety (update)
Life Time Group press release ( LTH ): Q4 Non-GAAP EPS of $0.34 beats by $0.01 . Revenue of $745.1M (+12.3% Y/Y) beats by $1.1M . Revenue increased 12.3% to $745.1 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particul...
Life Time Group press release ( LTH ): Q4 Non-GAAP EPS of $0.34 beats by $0.01 . Revenue of $745.1M (+12.3% Y/Y) beats by $1.1M . Revenue increased 12.3% to $745.1 million due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in our new and ramping centers, and higher member utilization of our in-center offerings, particularly in Dynamic Personal Training. Center memberships of 822,380 increased by 10,318, or 1.3%, when compared to December 31, 2024, and decreased by 18,242 from the third quarter 2025, consistent with seasonality expectations and continued shifts in membership mix. Total subscriptions, which include center memberships and our on-hold memberships, increased 0.8% to 872,936 as compared to December 31, 2024. We opened four new centers during the fourth quarter and a total of 10 centers for the year. As of December 31, 2025, we operated a total of 189 centers. FY26 revenue consensus of $3.32B Full-Year 2026 Guidance Percent Year Ending Year Ending Year Ended Change December 31, 2026 December 31, 2026 December 31, 2025 (Using (Guidance as of ($ in millions) (Guidance) (Actual) Midpoints) January 22, 2026) Total revenue $3,300 – $3,330 $2,995.3 10.7 % $3,300 – $3,330 Rent $378 – $388 $339.2 12.9 % $378 – $388 Net Income $330 – $336 $373.7 (10.9) % $330 – $336 Adjusted net income $369 – $378 $325.5 14.7 % $369 – $378 Adjusted EBITDA $910 – $925 $825.2 11.2 % $910 – $925 Click to enlarge More on Life Time Group Life Time Group Holdings: An Undiscovered Gem With Excellent Growth Life Time Group: Reasonable Valuation But Weak Moat Life Time Group Q4 2025 Earnings Preview Life Time rises 3%, guides Q4 topline above estimates Seeking Alpha’s Quant Rating on Life Time Group
Alexander Farnsworth Walmart has reached a record 72% grocery penetration in the United States, according to consumer tracking by retail research firm Dunnhumby. A Dunnhumby study attributed Walmart ( WMT ) hitting the milestone in part to deep and persistent financial insecurity among adults ages 18 to 54, with about 70% reporting difficulty covering a $400 unexpected expense, which is pushing ho...
Alexander Farnsworth Walmart has reached a record 72% grocery penetration in the United States, according to consumer tracking by retail research firm Dunnhumby. A Dunnhumby study attributed Walmart ( WMT ) hitting the milestone in part to deep and persistent financial insecurity among adults ages 18 to 54, with about 70% reporting difficulty covering a $400 unexpected expense, which is pushing households to prioritize affordability over other store attributes. Notably, Walmart's ( WMT ) grocery penetration rose 6 percentage points year over year, the largest gain of any retailer tracked. Remarkably, the retail giant chain now reaches beyond 190 million Americans each month, which is around 2.5X the reach of second-place Dollar General ( DG ). Dunnhumby highlighted that consumer concern about pricing has outlasted the peak of inflation, and shoppers are increasingly deliberate in how they use coupons, loyalty programs, and promotions to stretch budgets, suggesting that Walmart's ( WMT ) elevated grocery reach is underpinned by durable behavior changes rather than a temporary response to periodic price spikes. More on Walmart Walmart Q4 Results: A Rare Miss On Earnings Outlook, Shares Fairly Valued Walmart Q4: Too Expensive To Support Forward Operating Income Growth Expectations Sell Walmart Before It Loses Its $1 Trillion Valuation After the Supreme Court's tariff ruling, here's what could be next for stocks Walmart outlines 6% to 8% operating income growth for FY27 as automation and AI adoption accelerate
juststock/iStock via Getty Images Market Environment International small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth. For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares at NAV)( MISAX ) outperformed the ...
juststock/iStock via Getty Images Market Environment International small-cap equities rose for the fourth consecutive quarter, supported by easing financial conditions, slowing inflation, and continued earnings growth. For the quarter, the S&P® Developed Ex-U.S. SmallCap Index advanced 3.5%, while the Victory Trivalent International Small-Cap Fund (Class A shares at NAV)( MISAX ) outperformed the benchmark. All regions were positive, with European equities outpacing their Asia-Pacific peers, largely due to easing trade tensions and resilient economic data. Israel was the highest-performing country in the index, rising 12.0% as optimism around potential peace developments supported expectations for an economic recovery. Canada posted gains of 10.6%, bolstered by higher precious metals prices. Finland rose 9.9% as investors responded to positive industrial activity and early signs of economic stabilization. South Korea climbed 7.7%, attributable to AI-related demand and reaching a favorable trade deal with the United States. On the downside, Hong Kong was the largest decliner, falling 10.6%, mainly driven by profit-taking. Germany fell 1.7%, but the economic outlook is improving as the government accelerates infrastructure investments. Eight out of the eleven sectors posted gains. Materials climbed 12.5% as precious metals had a strong quarter. Energy rose 5.9% despite declining oil prices, reflecting longer-term expectations of tightness between supply and demand. Financials posted gains of 5.4%, largely driven by strength in the banking industry. On the downside, Communication Services experienced the steepest decline, down 4.3% due to concerns of overvaluation. Portfolio Review Security selection was positive as excess returns were generated in four of five regions and seven of the eleven economic sectors. From a style perspective, the Fund’s overall exposure to value, business momentum, and quality factors contributed to relative performance, with value generating...
TELUS Digital will showcase production-ready artificial intelligence (AI) driven customer experience (CX) and network optimization solutions for telecommunications providers at Mobile World Congress (MWC) 2026 in Barcelona, Spain. The company will demonstrate how telecom operators can win the moments that matter by transforming AI pilots into enterprise-scale deployments that deliver measurable bu...
TELUS Digital will showcase production-ready artificial intelligence (AI) driven customer experience (CX) and network optimization solutions for telecommunications providers at Mobile World Congress (MWC) 2026 in Barcelona, Spain. The company will demonstrate how telecom operators can win the moments that matter by transforming AI pilots into enterprise-scale deployments that deliver measurable business value through innovative use cases.
Corporate bond sales in Swiss francs could top 25 billion this year, far beyond the market’s normal volumes if the haven currency’s low interest rates spur more international borrowers to follow Google parent Alphabet Inc. in to the market. US technology giant Alphabet raised almost $32 billion in a one-day debt frenzy earlier this month that spanned dollar, Swiss franc and sterling debt, accordin...
Corporate bond sales in Swiss francs could top 25 billion this year, far beyond the market’s normal volumes if the haven currency’s low interest rates spur more international borrowers to follow Google parent Alphabet Inc. in to the market. US technology giant Alphabet raised almost $32 billion in a one-day debt frenzy earlier this month that spanned dollar, Swiss franc and sterling debt, according to data compiled by Bloomberg. The sales in the latter two currencies were the biggest-ever in those markets and the five-tranche , 3.055 billion Swiss franc ($3.95 billion) transaction has pushed year-to-date sales in the currency to the highest in at least a decade, the data show. “With 5.5 billion Swiss franc corporate supply year-to-date, we are about 40% above the 2025 run rate,” said Deutsche Bank ’s Head of CHF Syndicate Christian Spahn . “This might slow down a bit over the coming quarters, but we see a realistic chance to reach a corporate issuance volume of over 25 billion Swiss francs in 2026, albeit with a strong skew towards international corporates,” he added. The sales mark a trend of global corporates turning to the Swiss franc bond market to diversify their funding and benefit from a favorable rate environment and low foreign exchange swap costs. A robust deal pipeline and syndicate desks preparing for an influx of international mega-deals suggests the trend is set to accelerate this year. France’s Air Liquide Finance SA is set to price a triple-tranche Swissie offering on Tuesday, according to a person with knowledge of the sale, who asked not to be identified as the information is private. It’s marketing notes due in 2031, 2034 and 2038 in its debut foray in the currency, according to data compiled by Bloomberg. “It makes sense if you’re looking to issue corporate debt in a low interest rate environment, Switzerland, Japan and other low-rate countries are very attractive,” said Kamal Sharma , G10 FX Strategist, Bank of America Global Research. “It’s ano...
felixmizioznikov Home Depot ( HD ) reported revenue decreased 3.8% year-over-year to $38.2B during the company's fourth quarter. Comparable sales increased 0.4% for the quarter that ended on February 1, beating the consensus expectation for a decrease of 0.4%. Comparable sales in the U.S. were up 0.3% during the quarter. Comparable customer transactions fell 1.6% year-over-year, while the comparab...
felixmizioznikov Home Depot ( HD ) reported revenue decreased 3.8% year-over-year to $38.2B during the company's fourth quarter. Comparable sales increased 0.4% for the quarter that ended on February 1, beating the consensus expectation for a decrease of 0.4%. Comparable sales in the U.S. were up 0.3% during the quarter. Comparable customer transactions fell 1.6% year-over-year, while the comparable average ticket for customers was up 2.4%. Total customer transactions fell 8.5% to 366.5M. Home Depot ( HD ) reported adjusted operating income for the quarter was $4.02B and an adjusted operating margin of 10.5% vs. 11.7% a year ago. Cost of sales decreased 3.5% during the quarter to $25.7B. Adjusted non-GAAP EPS was reported at $2.72 vs. $2.5 consensus and $3.13 a year ago. During a media interview, Chief Financial Officer Richard McPhail said U.S. consumers and the company have been in a frozen housing environment for the last three years. "What we’ve seen as an added pressure during the last year has been this increase in consumer uncertainty, a gradual decline in consumer confidence," he warned. Looking ahead, Home Depot ( HD ) expects total sales to increase approximately 2.5% to 4.5% in FY26. The midpoint of the guidance range implies revenue short of the consensus estimate of $171.1B. Shares of Home Depot ( HD ) were up 3.2% in premarket trading on Tuesday. Rival Lowe's ( LOW ) gained 1.7%. More on Home Depot Home Depot Q4 Earnings Preview: Housing Trends In Focus, Shares Fairly Valued Home Depot: Why It Surprised Me, But Isn't A Buy Yet Home Depot: The Canary In The Coal Mine Home Depot beats top-line and bottom-line estimates; introduces FY26 outlook Home Depot Q4 2025 Earnings Preview: Housing trends, FY26 commentary in focus
China’s tech prowess is making the country an increasingly attractive investment destination, according to Christian Nolting , Deutsche Bank AG’s global chief investment officer for private banking. Inflows into China equities are likely to rise this year, driven by investors in Southeast Asia and Europe, he said in an interview. The weak dollar is also contributing to the shift as asset managers ...
China’s tech prowess is making the country an increasingly attractive investment destination, according to Christian Nolting , Deutsche Bank AG’s global chief investment officer for private banking. Inflows into China equities are likely to rise this year, driven by investors in Southeast Asia and Europe, he said in an interview. The weak dollar is also contributing to the shift as asset managers seek alternatives to US assets. “We are optimistic for China as an investment location,” Nolting said. “It is no longer the extended workbench where companies go for cheap production. It’s the second-largest global AI hub after the US and has a leading role in industries like robotics and EVs.” Nolting’s comments echo the optimism of other fund managers, who are increasingly bullish on Asia markets as an alternative to pricey US tech shares. The MSCI Asia Pacific Index has soared 12% so far this year, while the S&P 500 is flat. Read More: Morgan Stanley IM Adds Emerging Equities Without AI Risks (1)