Earnings Call Insights: Amrize AG (AMRZ) Q4 2025 Management View CEO Jan Jenisch highlighted that "2025 was a very important year for Amrize as we did our successful spin-off and launch in June of the company," emphasizing a focus on North American operations and customer delivery. For the full year, Amrize increased revenues by 0.9% to $11.8 billion with $3 billion in adjusted EBITDA and generate...
Earnings Call Insights: Amrize AG (AMRZ) Q4 2025 Management View CEO Jan Jenisch highlighted that "2025 was a very important year for Amrize as we did our successful spin-off and launch in June of the company," emphasizing a focus on North American operations and customer delivery. For the full year, Amrize increased revenues by 0.9% to $11.8 billion with $3 billion in adjusted EBITDA and generated $1.5 billion in cash flow. The company completed the year with a net leverage ratio of 1.1x and invested $788 million to expand production and improve efficiencies. Jenisch announced a strategic acquisition: "we were excited to announce our agreement to acquire PB Materials, the aggregates leader in West Texas, significantly expanding our position in this high-growth region." This acquisition is expected to add over $180 million in annual revenue and 26 operational sites. The deal is anticipated to close in Q1 2026. The Board has approved a $1 billion share repurchase program and is proposing a special onetime dividend of $0.44 per share, as well as an annual ordinary dividend of $0.44 per share to be paid in quarterly installments, both subject to shareholder approval. Jenisch outlined a robust project pipeline, noting expansion of the Ste. Gen. cement plant and planned investments in Texas, Alberta, and Quebec. He also spotlighted the ASPIRE cost-savings program, targeting $250 million in synergies by 2028 and a 70 basis point margin expansion in 2026. CFO Ian Johnston stated, "Revenues were approximately $2.2 billion in the quarter, an increase of 3.9%, driven primarily by higher volumes across both our cement and aggregates businesses, combined with continued aggregates pricing growth." Outlook Jenisch stated, "we have set our 2026 guidance, reflecting accelerating customer demand and profitable growth. This includes 4% to 6% growth in revenues and 8% to 11% growth in adjusted EBITDA." Both targets include the PB Materials acquisition. Cement pricing is expected to in...
Earnings Call Insights: Devon Energy Corporation (DVN) Q4 2025 Management View Clay Gaspar, President and CEO, highlighted the recently announced merger with Coterra Energy, stating this creates "a clear path to superior value creation that neither company could achieve independently" and forms a "world-class position in the Delaware Basin, which will generate more than half of our total productio...
Earnings Call Insights: Devon Energy Corporation (DVN) Q4 2025 Management View Clay Gaspar, President and CEO, highlighted the recently announced merger with Coterra Energy, stating this creates "a clear path to superior value creation that neither company could achieve independently" and forms a "world-class position in the Delaware Basin, which will generate more than half of our total production and cash flow, backed by a decade-plus of top-tier inventory." Gaspar underscored that "we expect to deliver $1 billion in annual pretax run rate synergies by year-end '27," describing these as incremental to existing business optimization targets. He also emphasized plans for "accelerated capital returns to shareholders through higher dividends and expect a significant new share repurchase authorization." Gaspar noted that for Q4, the company "beat on production, operating cost and capital results in an impressive free cash flow for Q4" and achieved $700 million in free cash flow, driven by well performance and cost efficiencies. He stated, "Our production optimization efforts drove oil above the top end of the guide, fueled by strong new well performance and outstanding base production management." Gaspar reported a 193% reserve replacement rate at an F&D cost of just over $6 per BOE for the year. On business optimization, Gaspar said, "In less than a year, we have captured 85% of our $1 billion target, and we are firmly on track to achieve the remaining savings during 2026." The CEO also announced Devon’s increased investment in Fervo Energy, raising its stake to approximately 15% in the geothermal energy company. Jeffrey Ritenour, Executive VP & CFO, stated, "In 2025, we generated $3.1 billion in free cash flow, demonstrating the strength of our asset base and the effectiveness of our operational execution. This robust free cash flow enabled us to return $2.2 billion to shareholders through dividends, share buybacks and debt retirement." Ritenour added, "We increased ...
In afternoon trading on Wednesday, Energy stocks are the best performing sector, up 1.4%. Within that group, APA Corp (Symbol: APA) and Exxon Mobil Corp (Symbol: XOM) are two of the day's stand-outs, showing a gain of 5.3% and 3.0%, respectively. Among energy ETFs, one ETF foll
In afternoon trading on Wednesday, Energy stocks are the best performing sector, up 1.4%. Within that group, APA Corp (Symbol: APA) and Exxon Mobil Corp (Symbol: XOM) are two of the day's stand-outs, showing a gain of 5.3% and 3.0%, respectively. Among energy ETFs, one ETF foll
The worst performing sector as of midday Wednesday is the Utilities sector, showing a 1.4% loss. Within that group, NiSource Inc. (Symbol: NI) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 2.7% and 2.5%, respective
The worst performing sector as of midday Wednesday is the Utilities sector, showing a 1.4% loss. Within that group, NiSource Inc. (Symbol: NI) and Public Service Enterprise Group Inc (Symbol: PEG) are two large stocks that are lagging, showing a loss of 2.7% and 2.5%, respective
Billionaire fund manager David Tepper just made a massive $285 million bet on Micron (MU) stock, doubling down on the AI memory boom. Tepper’s hedge fund Appaloosa just disclosed a head-turning bet on Micron, turning the memory giant into one of the fund’s biggest holdings. That position now ...
Billionaire fund manager David Tepper just made a massive $285 million bet on Micron (MU) stock, doubling down on the AI memory boom. Tepper’s hedge fund Appaloosa just disclosed a head-turning bet on Micron, turning the memory giant into one of the fund’s biggest holdings. That position now ...
Amazon emerged as the clear Magnificent Seven favorite among major hedge funds at the end of last year, right before the stock went on to slide 10% in about the first six weeks of the new year. Leading institutional investors, from Bill Ackman of Pershing Square Capital to Stanley Druckenmiller of Duquesne Family Office to Seth Klarman of Baupost Group, bought a net 40.9 million shares in the clou...
Amazon emerged as the clear Magnificent Seven favorite among major hedge funds at the end of last year, right before the stock went on to slide 10% in about the first six weeks of the new year. Leading institutional investors, from Bill Ackman of Pershing Square Capital to Stanley Druckenmiller of Duquesne Family Office to Seth Klarman of Baupost Group, bought a net 40.9 million shares in the cloud provider in the fourth quarter, according to a CNBC analysis of data from Verity. Indeed, hedge funds now own 2.5% of Amazon shares outstanding, far more than they do any other Mag 7 company, the data showed. Here is how some of those hedge funds are positioned. Klarman took a new position in Amazon amounting to $490 million. That means the megacap is now the Baupost's second-largest holding. Ackman raised his stake by 65% to a $2.2 billion holding. That makes the tech stock Pershing's third-largest holding. Druckenmiller increased his position by more than 800% to $106.8 million, making Amazon the fund's fourth-largest position. But their bets have yet to pay off. Shares of Amazon are now more than 20% off their November high — having entered a bear market just last week. Other hedge funds, including Tiger Global, Appaloosa Management and Third Point, were among those that actually lowered their exposure to Amazon in the fourth quarter. Amazon is one of the "big three" hyperscalers — alongside Alphabet and Microsoft — that investors expect will see huge revenue growth from growing AI adoption. Yet high valuations, as well as massive capital expenditures plans, have weighed on the companies lately. Those worries came to a head after Amazon's latest earnings result. On Friday, Feb. 6, the stock dropped 5.6% after saying it would lift 2026 spending to $200 billion, much higher than the $146.6 billion analysts were expecting. Yet Amazon remains loved on the Street . Many analysts said the company's cloud computing business already appears to be paying off, citing the $35.58 ...
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
Apple Inc. (NASDAQ:AAPL) is the odd one out in Big Tech’s AI spending race. While the rest of the Magnificent 7 are collectively committing around $700 billion in capital expenditure (capex) over the next year, Apple cut its own spending 19% year-over-year last quarter to $2.37 billion. The chart, published by A16Z, captures the gap visually. Since 2014, Apple’s quarterly capex line has barely mov...
Apple Inc. (NASDAQ:AAPL) is the odd one out in Big Tech’s AI spending race. While the rest of the Magnificent 7 are collectively committing around $700 billion in capital expenditure (capex) over the next year, Apple cut its own spending 19% year-over-year last quarter to $2.37 billion. The chart, published by A16Z, captures the gap visually. Since 2014, Apple’s quarterly capex line has barely moved. Every other Big Tech line has turned parabolic. Don't Miss: This AI Helps Fortune 1000 Brands Av
Oklahoma Governor Declares State Of Emergency As Fast-Moving Wildfires Scorch The Panhandle Oklahoma Governor Kevin Stitt declared a State of Emergency as a massive wildfire spread across the panhandle region of the state and crossed into Kansas. The Ranger Road Fire has burned 145,000 acres and is one of four wildfires raging in the northwest region of the state. In total, the fires have scorched...
Oklahoma Governor Declares State Of Emergency As Fast-Moving Wildfires Scorch The Panhandle Oklahoma Governor Kevin Stitt declared a State of Emergency as a massive wildfire spread across the panhandle region of the state and crossed into Kansas. The Ranger Road Fire has burned 145,000 acres and is one of four wildfires raging in the northwest region of the state. In total, the fires have scorched about 156,000 acres. Latest from the Oklahoma Department of Agriculture: Ranger Road Fire: 145,000 acres, 0% contained Stevens Fire: 5,500 acres Side Road Fire: 3,300 acres, 25% contained 43 Fire: 2,200 acres, 20% contained The Oklahoma Department of Agriculture shared this update on wildfires: Ranger Road Fire: 145,000 acres, 0% contained Stevens Fire: 5,500 acres, 25% contained Side Road Fire: 3,300 acres, 25% contained 43 Fire: 2,200 acres, 20% contained 🎥Tammy Lawrence Follow our live blog:… pic.twitter.com/9ywZAQ8BZa — KSN News Wichita (@KSNNews) February 18, 2026 "I've declared a State of Emergency in Beaver, Texas, and Woodward counties as wildfires continue to impact parts of Oklahoma," Stitt wrote on X. I’ve declared a State of Emergency in Beaver, Texas, and Woodward counties as wildfires continue to impact parts of Oklahoma. Please join me in continuing to support and pray for these affected communities, families, farmers, as well as our first responders who are working… — Governor Kevin Stitt (@GovStitt) February 18, 2026 Storm chaser Jaden Pappenheim published a drone video showing a large swath of charred land in the aftermath of the Ranger Road Fire in Beaver County. HEARTBREAKING First Light of the Ranger Road Fire aftermath across Beaver County, Oklahoma, this morning. The Ranger Road Fire has burned approximately 145,000 acres, injured four firefighters, and destroyed a few homes. Please keep everyone impacted by yesterday’s fires in your… pic.twitter.com/qPMkVkFpjB — Jaden Pappenheim (@PappenheimWx) February 18, 2026 More than 5 million people were under...
This week, Apple released the first developer betas for iOS 26.4, iPadOS 26.4, macOS 26.4, and its other operating systems. On Tuesday, it followed those up with public beta versions of the same updates. Usually released around the midpoint between one major iOS release and the next, the *.4 updates to its operating system usually include a significant batch of new features and other refinements, ...
This week, Apple released the first developer betas for iOS 26.4, iPadOS 26.4, macOS 26.4, and its other operating systems. On Tuesday, it followed those up with public beta versions of the same updates. Usually released around the midpoint between one major iOS release and the next, the *.4 updates to its operating system usually include a significant batch of new features and other refinements, and if the first beta is any indication, this year's releases uphold that tradition. A new "Playlist Playground" feature will let Apple Music subscribers generate playlists with text prompts, and native support for video podcasts is coming to the Podcasts app. The Creator Studio version of the Freeform drawing and collaboration app is also available in the 26.4 updates, allowing subscribers to access stock images from Apple's Content Hub and to insert AI-generated images. Read full article Comments
Abstract Aerial Art/DigitalVision via Getty Images Past Coverage And Investment Thesis: Nvidia Corporation ( NVDA ) has been more or less consolidating since I last covered the stock in late November, up only 2.4%, and underperforming the market, with the S&P 500 ( SP500 ) up around 4.6% during the same period. Seeking Alpha Even prior to my post-earnings Buy, my hold call pre-earnings on November...
Abstract Aerial Art/DigitalVision via Getty Images Past Coverage And Investment Thesis: Nvidia Corporation ( NVDA ) has been more or less consolidating since I last covered the stock in late November, up only 2.4%, and underperforming the market, with the S&P 500 ( SP500 ) up around 4.6% during the same period. Seeking Alpha Even prior to my post-earnings Buy, my hold call pre-earnings on November 17th also shows the same pattern, with the stock down around 0.8% since, underperforming the S&P 500, which is up 2.5% during the same period. The stock is also up around 1.8% since my late August buy, also underperforming the S&P 500, up 5.5% during the same period. You get the gist. Seeking Alpha While the stock didn’t exactly go out of the market’s favor per se, investors are standing on the sidelines, especially as fears of an AI bubble reenter the conversation. Just look at the MAG 7 performance year-to-date. Seeking Alpha While Nvidia is down 0.8%, Apple ( AAPL ) is down another 2.9%, Meta ( META ) is down 3.1%, Google ( GOOG ) is down 3.5%, Tesla ( TSLA ) is down 8.6%, Amazon ( AMZN ) is down another 12.8%, and lastly, Microsoft ( MSFT ) is down 17.9%. Nvidia stock isn't underperforming because the business is underperforming; quite the opposite. The stock is underperforming in sympathy with the rest, and because the market is demanding proof of monetization from its customers (Microsoft, Amazon, etc.) before it allows Nvidia to move to the next leg. If Nvidia shows that Blackwell demand is not just strong but also supply-constrained through the end of 2026, this consolidation will likely resolve to the upside. But if the AI bubble narrative gains more steam, specifically as China continues to spend a fraction of the U.S.’s spend, while also coming out with superior models, we could see that $180 level tested again. The announced partnership with Meta, which I’ll get to in a second, reinforces the idea that big tech isn’t just buying chips for a one-time hype cycle....
The T Rowe Price Technology ETF is seeing unusually high volume in afternoon trading Wednesday, with over 491,000 shares traded versus three month average volume of about 44,000. Shares of TTEQ were up about 1.6% on the day. Components of that ETF with the highest volume on We
The T Rowe Price Technology ETF is seeing unusually high volume in afternoon trading Wednesday, with over 491,000 shares traded versus three month average volume of about 44,000. Shares of TTEQ were up about 1.6% on the day. Components of that ETF with the highest volume on We