In this article GPC Follow your favorite stocks CREATE FREE ACCOUNT NAPA Auto Parts store entrance showing corporate logo above door. Universal Images Group | Getty Images Automotive and industrial parts distributor Genuine Parts will separate into two independent companies, it said on Tuesday, months after a deal with activist investor Elliott Investment Management. The move follows a comprehensi...
In this article GPC Follow your favorite stocks CREATE FREE ACCOUNT NAPA Auto Parts store entrance showing corporate logo above door. Universal Images Group | Getty Images Automotive and industrial parts distributor Genuine Parts will separate into two independent companies, it said on Tuesday, months after a deal with activist investor Elliott Investment Management. The move follows a comprehensive strategic and operational review of market opportunities, in-flight initiatives and the company's structure, it said. The separation into two publicly traded companies – Automotive Parts Group and Industrial Parts Group – follows a settlement late last year with shareholder Elliott. Activist investors have increasingly pushed companies to simplify corporate structures and shed underperforming or non-core divisions, arguing that leaner businesses unlock greater shareholder value. The split, which does not require shareholder approval, is expected to be completed in the first quarter of 2027. Company names, executive teams and the boards for the separated companies would be announced at a later date. Founded in 1928, Genuine Parts now has a market value of roughly $20 billion as its Automotive Parts Group distributes replacement parts around the world, primarily under the NAPA brand name. Its Motion Industries unit supplies advanced engineered components and technical services to manufacturing and industrial customers across the U.S. Separately, Genuine Parts forecast full-year 2026 profit below Wall Street estimates. It sees adjusted EPS between $7.50 and $8.00, while analysts expect $8.44, according to data compiled by LSEG. Shares of the Atlanta-based company, fell nearly 6% in premarket trading on Tuesday Industrial sales for the fourth quarter was up 4.6% at $2.2 billion from a year earlier. High interest rates and elevated household expenses have prompted many U.S. consumers to postpone non-essential vehicle maintenance in the past. Genuine Parts' adjusted profit for...
Nigerian stocks’ strong start to the year has helped them recover the market value wiped out by a sharp naira devaluation two years ago. The West African nation’s benchmark index surged 31% this year, delivering the world’s second best dollar returns. The rally far outpaces the 11% gain in the broader emerging-market index and the 6.4% advance in a gauge of frontier-market stocks . The stellar run...
Nigerian stocks’ strong start to the year has helped them recover the market value wiped out by a sharp naira devaluation two years ago. The West African nation’s benchmark index surged 31% this year, delivering the world’s second best dollar returns. The rally far outpaces the 11% gain in the broader emerging-market index and the 6.4% advance in a gauge of frontier-market stocks . The stellar run has added $21 billion in market value, lifting capitalization to about $84 billion, roughly 58% higher than in January 2024, just before a sharp naira devaluation more than halved the dollar value of companies listed on the Lagos exchange. The devaluation was part of President Bola Tinubu ’s push to unify and liberalize the foreign-exchange market and bring in investment. Companies whose valuations were battered by the naira’s fall have since shored up their balance sheets and returned to profitability, making them more attractive to investors, said Olabode Williams , an analyst at SBG Securities Ltd. , a unit of Standard Bank Group Ltd. A lot of investors have started pricing in growth, he added. Read More: Nigerian Firms Seen Reversing Equity Losses as Profits Rebound Stock gains have also been underpinned by a firmer naira, now the world’s second-best performing currency this year of those tracked by Bloomberg with a more than 7% advance against the dollar. Foreign participation is rebounding in tandem. Non-Nigerian trading in local equities surged to a 19-year high in 2025 , according to data from the Nigerian Exchange Group. Transactions by foreign investors more than tripled to 2.65 trillion naira ($1.97 billion) from 852 billion naira a year earlier — the strongest level since 2007 and the highest combined inflows and outflows over the period. CSL Stockbrokers Ltd. , a unit of FCMB Group Plc , expects Nigeria’s stock market to surpass $100 billion this year, driven by the anticipated listings of the 650,000-barrel-a-day Dangote Refinery and fertilizer plant — both c...
Oxford Lane Capital ( OXLC ) estimates net asset value (NAV) in the range of $13.48 - $13.78 per share as of January 31, 2026. Net asset value per share as of December 31, 2025, stood at $15.51, compared with an NAV per share on September 30, 2025 of $19.19. More on Oxford Lane Capital The New Oxford Lane Capital: Using Retained Earnings To Rebuild 2026 Book Value Reviewing The CEF CLO Files: Oxfo...
Oxford Lane Capital ( OXLC ) estimates net asset value (NAV) in the range of $13.48 - $13.78 per share as of January 31, 2026. Net asset value per share as of December 31, 2025, stood at $15.51, compared with an NAV per share on September 30, 2025 of $19.19. More on Oxford Lane Capital The New Oxford Lane Capital: Using Retained Earnings To Rebuild 2026 Book Value Reviewing The CEF CLO Files: Oxford Lane Capital The Better Buy Compared To Eagle Point Oxford Lane Capital Corporation 2026 Q3 - Results - Earnings Call Presentation Oxford Lane Capital cuts dividend by half from April Oxford Lane Capital slashes dividend to invest in CLO opportunities
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . With competitiveness dominating the EU’s political agenda, discussions are intensifying about the Industrial Accelerator Act, the bedrock of its “Made in Europe” plan. French Commissioner Stephane Sejourne said today that the Commissi...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . With competitiveness dominating the EU’s political agenda, discussions are intensifying about the Industrial Accelerator Act, the bedrock of its “Made in Europe” plan. French Commissioner Stephane Sejourne said today that the Commission is working “at full speed” to adopt the package on Feb. 26. Legally introducing a local preference “entails quite a change of Europe’s economic doctrine,” he said. “It’s therefore no surprise that it takes time and effort” to get there. According to a draft document of the proposal seen by Bloomberg this week, a central pillar of the plan centers on so-called “ green steel ” — which is produced with more climate-friendly technologies. The EU’s executive arm aims to incentivize the update of low-carbon steel by introducing voluntary certification programs and creating fresh sources of demand via public procurement and the automotive sector. As John Ainger reported yesterday , steel will be classified according to the emissions generated during its manufacture. Governments will have to ensure that 25% of the metal used under public procurement and subsidy programs is low-carbon. The use of scrap steel, electric-arc furnaces or green hydrogen are seen as key decarbonization technologies for the sector. Similar rules will apply to aluminum and cement. The proposed Industrial Accelerator Act — which had initially been expected last year — also includes new rules around electric vehicles to help the continent’s beleaguered car industry. Another focus is permitting — identified as a key barrier for businesses by German Chancellor Friedrich Merz and others at last week’s Industrial Summit in Antwerp. While the draft calls for streamlined and digitalized permit processing, much of the decision-making power in this domain — like many of the EU’s more ambitious proposals — lies wit...
Macquarie Asset Management has agreed to acquire the South American wireless tower operations of IHS Mauritius BR, part of IHS Holding ( IHS ), for around $685 million. Under the terms of the agreement executed today, Macquarie Asset Management will acquire over 8,500 sites in Brazil and 270 sites in Colombia. The transaction is expected to close later in 2026. IHS +1.45% premarket to $8.41. Sourc...
Macquarie Asset Management has agreed to acquire the South American wireless tower operations of IHS Mauritius BR, part of IHS Holding ( IHS ), for around $685 million. Under the terms of the agreement executed today, Macquarie Asset Management will acquire over 8,500 sites in Brazil and 270 sites in Colombia. The transaction is expected to close later in 2026. IHS +1.45% premarket to $8.41. Source: Press Release More on IHS Holding IHS Holding: 2026 Macro Tailwinds Create A 'Perfect Storm' For Upside IHS Holding: Downgrade To Hold As Profit Growth Outlook Is No Longer Attractive Sphere Entertainment, EchoStar top communications services stocks in short interest; Atlanta Braves, IHS see the lowest exposure IHS to sell 51% stake in I-Systems to Brazil-based TIM Seeking Alpha’s Quant Rating on IHS Holding
PM says action is looking at potential criminal liability in order to protect children and end ‘impunity’ of online platforms The Spanish government will ask prosecutors to investigate the social media companies X, Meta and TikTok to determine whether they have committed criminal offences by allegedly allowing their AI to generate and disseminate child sexual abuse material. Spain’s socialist prim...
PM says action is looking at potential criminal liability in order to protect children and end ‘impunity’ of online platforms The Spanish government will ask prosecutors to investigate the social media companies X, Meta and TikTok to determine whether they have committed criminal offences by allegedly allowing their AI to generate and disseminate child sexual abuse material. Spain’s socialist prime minister, Pedro Sánchez, said his government had taken the decision in order to protect “the mental health, dignity and rights of our sons and daughters” and to end the “impunity” of huge social media platforms. Continue reading...
Some say they may stop visiting or even renounce their British citizenship owing to stricter requirements British dual nationals living abroad have told of their disgust, fury and distress over new UK border rules that mean they could risk be denied boarding on a flight, ferry or train. The new rules , which come into force on 25 February, have caught many by surprise and require British dual nati...
Some say they may stop visiting or even renounce their British citizenship owing to stricter requirements British dual nationals living abroad have told of their disgust, fury and distress over new UK border rules that mean they could risk be denied boarding on a flight, ferry or train. The new rules , which come into force on 25 February, have caught many by surprise and require British dual nationals to present a British passport or a “certificate of entitlement”, which costs £589, to visit the UK on their non-British passport. Continue reading...
China’s Nantianmen Project – translated as Southern Celestial Gate – has captured widespread attention as a blend of science fiction storytelling and hi-tech military speculation. Launched in 2017 by a subsidiary of the state-owned Aviation Industry Corporation of China (Avic), the project originated as an aviation-themed sci-fi intellectual property (IP) rather than an active weapons development ...
China’s Nantianmen Project – translated as Southern Celestial Gate – has captured widespread attention as a blend of science fiction storytelling and hi-tech military speculation. Launched in 2017 by a subsidiary of the state-owned Aviation Industry Corporation of China (Avic), the project originated as an aviation-themed sci-fi intellectual property (IP) rather than an active weapons development programme. At its core, the project serves as a creative vehicle to showcase more than 100...
Zacks.com users have recently been watching Palantir Technologies (PLTR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Palantir Technologies (PLTR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Mike's Red Tacos, based in San Diego, is best known for its birria tacos, but its menu features more than just the buzzy regional Mexican food. Source: Mike's Red Tacos The restaurant investors behind the success of Dave's Hot Chicken are making a new nationwide bet on the next-hottest restaurant trend: birria. Mike's Red Tacos, a San Diego-based birria chain with just two locations, plans to anno...
Mike's Red Tacos, based in San Diego, is best known for its birria tacos, but its menu features more than just the buzzy regional Mexican food. Source: Mike's Red Tacos The restaurant investors behind the success of Dave's Hot Chicken are making a new nationwide bet on the next-hottest restaurant trend: birria. Mike's Red Tacos, a San Diego-based birria chain with just two locations, plans to announce on Tuesday a new franchising initiative that will build hundreds of restaurants across the U.S., with support from early-stage backers Bill Phelps and Andrew Feghali, CNBC can report. Financial terms of their investment, which took place in early 2025, were not disclosed. "We just saw that this was a brand and a concept that really had legs to it," Phelps told CNBC. "And then the critical thing is, we brought down prospective franchisees. ... Everyone gave it the thumbs up." Phelps said he had never heard of birria before Feghali introduced him to Mike's. Traditional birria is a beef or goat stew, slow cooked with spices and chiles to give the meat lots of flavor. Birria tacos, like those sold at Mike's, use the slow-cooked meat as a filling and usually include a consomme on the side as a dip for the taco. Once known as a regional Mexican food, birria now appears on 3.7% of U.S. menus, according to Datassential. That's more than quadruple its menu penetration four years ago, based on the firm's data, but there's still a long runway before it reaches ubiquity. Mexican-inspired fast-food brands such as Qdoba, El Pollo Loco, Del Taco and even Taco Bell have released their own versions of birria. And there's at least 478 restaurant operators running birria-focused restaurants, according to Datassential. Mike's menu also includes burritos, loaded nachos and fries, and birria ramen. "It appeals to a very broad range of guests — it's not just your millennials and Gen Zs," Phelps said, speaking about the customers in Mike's Red Tacos restaurants. "There's older people in the r...
Welcome back to Bloomberg’s Defense Monitor , a weekly rundown on the companies, geopolitics and finances of the future battlefield. Sign up now if you’re not already on the list. The Munich Security Conference got off to a cheerful start, with open discussion of how Europe could develop its own nuclear deterrent amid waning trust with old ally the US. Germany and France have been chatting about t...
Welcome back to Bloomberg’s Defense Monitor , a weekly rundown on the companies, geopolitics and finances of the future battlefield. Sign up now if you’re not already on the list. The Munich Security Conference got off to a cheerful start, with open discussion of how Europe could develop its own nuclear deterrent amid waning trust with old ally the US. Germany and France have been chatting about the subject, German Chancellor Friedrich Merz said in his opening speech, and a study group presented an assessment of the continent’s atomic options. Elsewhere in Europe, negotiations over ending the war in Ukraine kicked into a higher gear, although some leaders expressed doubts that Russia was serious about stopping the fighting . The US city of El Paso, Texas, saw its airspace completely shut down for a few hours on Wednesday by a mysterious Federal Aviation Administration directive. The eventual explanation was messy: People familiar with the matter said US anti-drone weapons in the area posed a hazard to air traffic, with one saying it was a laser system operated by the Department of Homeland Security. And in the Caribbean, the US forces arrayed since last year for Venezuela-related activities further melted away as Washington hustled them off to confront Iran. Their departure removed a few zeros from operational costs that were surprisingly large for what was billed as a small special forces raid, as you’ll see in the Breakout.... — Gerry Doyle Market Snapshot Boeing Co/The $242.96 +1.5% Airbus SE $195.24 -1.0% Huntington Ingalls Industries Inc $418.78 +3.0% AeroVironment Inc $243.87 +3.7% Dassault Aviation SA $408.01 +7.8% Market data as of 08:52 AM ET. Data is subject to provider delays. Breakout After cruising the Caribbean since last year as the centerpiece of US Venezuela-related operations , the USS Gerald R. Ford is heading to the Middle East. It is carrying dozens of strike aircraft, about 4,000 personnel and a sizable price tag . A Bloomberg analysis of the V...
Willie B. Thomas/DigitalVision via Getty Images Thesis I am initiating a Sell rating on Toast, Inc. ( TOST ) stock due to its unjust valuation becoming increasingly disconnected from their future outlook. Toast continues to report strong growth rates, but the deceleration is what tells the beginning of the story that valuation multiples will need to compress to match performance. Rather than typic...
Willie B. Thomas/DigitalVision via Getty Images Thesis I am initiating a Sell rating on Toast, Inc. ( TOST ) stock due to its unjust valuation becoming increasingly disconnected from their future outlook. Toast continues to report strong growth rates, but the deceleration is what tells the beginning of the story that valuation multiples will need to compress to match performance. Rather than typical EPS or Revenue guidance, Elena Gomez, CFO, stated the following for FY 2026: For the full year, we expect 20 to 22% growth in our recurring gross profit streams and Adjusted EBITDA of $775 to 795 million... The 22% growth signals a trending slowdown in growth compared to 34% the prior year and 42% before that. The payment processing and point of sale sector is inherently commoditized with low switching costs and no shortage of competition. I expect a further decline in Toast stock's valuation as investors price in this unfolding reality. Toast's Strategy Unlike a traditional payment processor, Toast decided to target the restaurant industry specifically, designing a vertical software platform . Toast's offerings span from front-of-house POS and ordering to back-of-house payroll, HR, and supply chain management tools. Additionally, Toast secured strategic partnerships with Uber Eats and DoorDash to integrate online ordering into a restaurant's workflow. They effectively created a volume payment and SaaS business model. They've also implemented Toast IQ , which is an AI assistant for restaurants to help automate workflows and productivity. Since payment processing does not have high barriers to entry or switching costs, Toast is attempting a "high barrier to exit" strategy with the platform approach. 2024 Investor Day Presentation (Toast, Inc.) The Risks and Headwinds I must admit that Toast, Inc.'s execution so far has been robust, but the stock is fighting a bleak history that no payment processor has escaped from. In fintech, start-ups generally experience rapid scale a...
MicroStockHub/iStock via Getty Images I must say that the recovery in Realty Income Corporation ( O ) has stunned me. I know that I kept my bullish rating on Realty Income back in November, and I even urged investors to remain contrarian, because back then, O appeared to be facing tremendous difficulties getting past the $55 level. However, how quickly the last few months have shifted the bullish ...
MicroStockHub/iStock via Getty Images I must say that the recovery in Realty Income Corporation ( O ) has stunned me. I know that I kept my bullish rating on Realty Income back in November, and I even urged investors to remain contrarian, because back then, O appeared to be facing tremendous difficulties getting past the $55 level. However, how quickly the last few months have shifted the bullish narrative in favor of O. I guess part of the narrative has got to be the market relocating away from previous winners in technology and growth. However, the fact remains that the real estate sector is still facing fundamental and structural challenges. As a result, if you look at the real estate sector's past one-year return , it only posted a +3% return and is still mired among the bottom three sectors in the U.S. market. Therefore, I guess I’m justified in feeling somewhat perplexed as to why O has mustered >25% in total return over the past year while also besting its real estate peers and also the SPX. Nevertheless, I believe this bifurcation hasn't been misunderstood, and I don’t think that investors have overstated its bullish narrative from the November lows. After all, despite posting recent outperformance against peers and the market, O is still rated at a discount (forward AFFO of 15.1x) when considering the multiples that it was valued at over the past 10 years (average of 17.3x). Realty Income highlights (Realty Income) And some could argue that the discount that was imposed on Realty Income may not be completely justified. After all, the company is a big player on a global stage in the net lease sector. Hence, the company doesn’t just possess the scale, but it also owns a rock-solid balance sheet that could help it sustain the investment activity needed to pursue increasingly accretive growth projects that are ultimately crucial to maintaining a predictable growth outlook for its AFFO per share, underpinning its income investment proposition. Realty Income perf...
Michael Vi/iStock Editorial via Getty Images Palantir Might Have Found Its Support If you have read me for some time here on Seeking Alpha, you probably know that I've been a long-time skeptic of Palantir Technologies Inc's ( PLTR ) rally that defied all logic for the past few months. I was upgrading it from Buy to Hold, then to Sell, and I was changing Sell to Hold and back depending on the stock...
Michael Vi/iStock Editorial via Getty Images Palantir Might Have Found Its Support If you have read me for some time here on Seeking Alpha, you probably know that I've been a long-time skeptic of Palantir Technologies Inc's ( PLTR ) rally that defied all logic for the past few months. I was upgrading it from Buy to Hold, then to Sell, and I was changing Sell to Hold and back depending on the stock's price action and the corporate events that had been taking place. The last few ratings from me were negative, and since the most recent update in November, the stock has managed to correct by over 20%. However, I think this correction had little to do with the actual causes that drove the stock down. From what I see in the markets lately is a rise in fear that AI can eat SaaS companies' market share - that's one of the main reasons why PLTR is down 36%+ off its ATH: Data by YCharts I believe we're nearing a point when Palantir finds a strong support level that it'll use as a lever to rebound because the AI fears - the causes of the current dip - don't seem to pose a real threat to PLTR's business model. That's why I decided to update my coverage on the stock with an upgrade to Hold. I don't issue a Buy because the risks of a further correction remain elevated until we see a more reasonable forward-based valuation setup. Palantir Has Sold Off For The Wrong Reason You might have heard from different sources that AI is going to disrupt the entire SaaS tech industry. As a result, the iShares Expanded Tech-Software ETF ( IGV ) has managed to lose all its gains of the past year, dropping by almost 23% on a YoY basis: Data by YCharts Most SaaS-like stocks - or at least those perceived as such - have followed the same trend, and Palantir is no exception. But what exactly made the market think this way? Anthropic's recently released Claude Code seems to be to blame. The updated LLM can build high-quality software in hours (if not minutes), making the existing software stacks look...
TrueDialog, a leading provider of enterprise-grade SMS texting solutions, today announced the launch of its visual Rich Communication Services (RCS) composer, giving businesses the ability to create, test, and deploy rich, interactive messaging campaigns directly within the TrueDialog platform—no code required.
TrueDialog, a leading provider of enterprise-grade SMS texting solutions, today announced the launch of its visual Rich Communication Services (RCS) composer, giving businesses the ability to create, test, and deploy rich, interactive messaging campaigns directly within the TrueDialog platform—no code required.