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Klaus Vedfelt/DigitalVision via Getty Images No theme has shaken the stock market this year as sharply as the selloff in software stocks. Though the S&P 500 remains near all-time highs, many software names (both large caps and small caps) are in deep correction territory as investors fear the threat of AI and vibe coding completely wiping out traditional enterprise software's business models. Fear...
Klaus Vedfelt/DigitalVision via Getty Images No theme has shaken the stock market this year as sharply as the selloff in software stocks. Though the S&P 500 remains near all-time highs, many software names (both large caps and small caps) are in deep correction territory as investors fear the threat of AI and vibe coding completely wiping out traditional enterprise software's business models. Fear of AI risks has positioned many software stocks in oversold territory. In my view, this is an opportunity for us to be more picky in our investing. While struggling legacy software companies like Blackbaud ( BLKB ) have followed higher-growth peers downward, their relative valuation advantages are also thinning. Blackbaud just reported rather uninspiring Q4 results and a lackluster FY26 guide, which stimulated further selling pressure on the stock. Data by YCharts I last wrote a "Sell" article on Blackbaud in October, when the stock was trading just shy of $70 per share. The fall below $50 certainly makes Blackbaud more appealing for me, especially as the company now sits at adjusted EBITDA multiples that may be more appealing for a PE-oriented buyer. That said, we note that Blackbaud's growth prospects are quite slim, and it's clear from sliding organic growth rates that the company's execution isn't exactly enviable either. I remain at a "Sell" rating here. To me, there are several core issues that I find with Blackbaud. To shed light on the growth deficiency further, consider the fact that Blackbaud believes its TAM is $10 billion. The company stresses that it covers a wide range of solutions, from fundraising and CRM products and organizational tools to streamline program management. Blackbaud TAM (Blackbaud Q4 earnings deck) If we believe this estimate of its TAM, the company's current ~$1.1 billion revenue base is just over 10% penetrated. But despite only holding a small slice of this niche market, we struggle with the fact that the company is only producing low sin...
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Robinhood’s Senior VP and GM for Crypto, Johann Kerbrat, speaks with Bloomberg’s Annabelle Droulers at Consensus Hong Kong about the recent crypto rout, shifting retail and institutional flows, and how Robinhood plans to grow despite market volatility. He discusses the firm’s move into blockchain infrastructure, tokenized assets, and expansion across Asia, including acquisitions in Indonesia and S...
Robinhood’s Senior VP and GM for Crypto, Johann Kerbrat, speaks with Bloomberg’s Annabelle Droulers at Consensus Hong Kong about the recent crypto rout, shifting retail and institutional flows, and how Robinhood plans to grow despite market volatility. He discusses the firm’s move into blockchain infrastructure, tokenized assets, and expansion across Asia, including acquisitions in Indonesia and Singapore. Kerbrat also shares how AI is transforming Robinhood’s operations and customer tools on Insight with Haslinda Amin. (Source: Bloomberg)
Micron Technology has managed to become one of the most recognizable equities in the artificial intelligence industry, and its share value has grown by about 300 % in the last twelve months and now is valued at around $372 a share, which means the company, is worth almost $420 billion in the stock market. The boom may be deemed to be the expression of the generational lack of devices with a high b...
Micron Technology has managed to become one of the most recognizable equities in the artificial intelligence industry, and its share value has grown by about 300 % in the last twelve months and now is valued at around $372 a share, which means the company, is worth almost $420 billion in the stock market. The boom may be deemed to be the expression of the generational lack of devices with a high bandwidth of memory because AI data centers, graphic processing units, and custom AI accelerators take up nearly all the accessible memory bandwidth. Analysts currently expect Micron to generate EPS of $32.19 in fiscal 2026, implying a year-over-year increase of more than 300% – 319% to be precise. Given the company’s strong start to the year and the favorable industry environment, earnings expectations could rise further if pricing and demand remain strong. History of Booms and Busts The historical path of Micron demonstrates the fluctuations of assets that are related to memory. In previous booms in the past 20 years, the company shares have experienced maximum returns of about 600% compared to the previous downturns, before experiencing sudden turns as it has been in 2012-2014 and 2016-2018. At the latest profit peak, but based on the demand to use cloud-computing, the trailing net income of Micron reached over $16 billion but the trailing price-to-earning ratio fell to about 3 when share price rose after the announcement of earnings. The reason why this cycle looks different Micron Technology has had a strong start to 2026, with its stock price up 39% as of January 22. The growth is largely due to its excellent financial results, which included a record revenue of $13.6 billion, a 57% year-over-year increase, in the first quarter of its fiscal year 2026 (which ended November 27, 2025). The major difference of naturalness lies in the magnitude and foreseeability of AIinfrastructure expenditure. The significant %age of capital spending that will be dedicated to AI-compute ...
J Studios/DigitalVision via Getty Images By Jeremy Schwartz, CFA & Behnood Noei, CFA Rising Japanese bond yields and the weak yen are causing some market consternation as politics and fiscal policy are back in the driver's seat. Initially, Prime Minister Sanae Takaichi dissolved parliament and set a February 8 general election, catching markets off guard, especially with her pledge to scrap a cons...
J Studios/DigitalVision via Getty Images By Jeremy Schwartz, CFA & Behnood Noei, CFA Rising Japanese bond yields and the weak yen are causing some market consternation as politics and fiscal policy are back in the driver's seat. Initially, Prime Minister Sanae Takaichi dissolved parliament and set a February 8 general election, catching markets off guard, especially with her pledge to scrap a consumption tax on food for two years. The election has delivered a decisive victory for the Liberal Democratic Party under Prime Minister Takaichi, with the ruling bloc securing well above the “absolute stable majority” threshold of 261 seats and exceeding a two-thirds majority in the Lower House. However, there are still questions about the direction of fiscal policy, and longer-dated bond yields have spiked higher. The rise in yields was large enough that the Bank of Japan commented on the speed of the selloff and suggested it's prepared to step in if trading becomes disorderly, even as it continues to move policy away from ultra-easy settings. Let's put the recent moves in a better context. Japan's fiscal picture is improving as the economy moves past deflation and nominal growth picks up. Higher nominal gross domestic product (GDP) has translated into stronger tax revenues and a healthier fiscal balance, and the debt-to-GDP ratio has already started to edge lower. If we compare Japan's budget deficit to GDP, it stacks out better than the U.S., France, Italy and Germany—this represents a complete reversal from 15 years ago, where it stood as the worst in the group. It also helps to look at the broader public-sector balance sheet: because the Bank of Japan holds a large share of outstanding long-term JGBs, the headline debt numbers can make the near-term financing situation look worse than it really is. Figure 1: Budget Balance as Percentage of GDP Source: Bloomberg, WisdomTree, for the period 12/31/10–12/31/24. Also, where the bond market stress is showing up matters. The b...
Good morning and welcome to Markets Today. FTSE 100 futures are up about 0.2%, a little stronger than for Europe and about in line with US contracts. The pound is a little stronger, though continues to sit short of $1.37. Stay with Kit, Morwenna and me for everything that matters to UK markets.
Good morning and welcome to Markets Today. FTSE 100 futures are up about 0.2%, a little stronger than for Europe and about in line with US contracts. The pound is a little stronger, though continues to sit short of $1.37. Stay with Kit, Morwenna and me for everything that matters to UK markets.
(RTTNews) - ABN AMRO Bank N.V. (ABN.AS), a Dutch financial institution, on Wednesday reported its net income came in higher in the fourth quarter compared with the previous year. For the fourth quarter, Profit attributable to owners of the parent company increased to 410 million euros from 397 million euros in the previous year. Earnings per share were 0.43 euros versus 0.43 euros last year. Opera...
(RTTNews) - ABN AMRO Bank N.V. (ABN.AS), a Dutch financial institution, on Wednesday reported its net income came in higher in the fourth quarter compared with the previous year. For the fourth quarter, Profit attributable to owners of the parent company increased to 410 million euros from 397 million euros in the previous year. Earnings per share were 0.43 euros versus 0.43 euros last year. Operating income increased to 2.26 billion euros from 2.24 billion euros last year. Net interest income decreased to 1.67 billion euros from 1.67 billion euros in the previous year. Total loans and advances to customers increased to 155.76 billion euros from 248.78 billion euros last year. Further, the company said that its total income for 2028 is expected to exceed 10 billion euros, supported by growth in core client segments and higher fee income. On Tuesday, ABN AMRO Bank closed trading 1.59% lesser at EUR 30.98 on the Amsterdam Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
If you had invested $2,000 in Netflix (NASDAQ: NFLX) shortly after its IPO in May 2002 and held on, that position today would be worth almost $1.5 million, given that the company has averaged an annualized return of 31.72% over the past 24 years. It's fair, therefore, to say that Netflix has delivered returns that would have made average retail investors millionaires over the past 24 years. But co...
If you had invested $2,000 in Netflix (NASDAQ: NFLX) shortly after its IPO in May 2002 and held on, that position today would be worth almost $1.5 million, given that the company has averaged an annualized return of 31.72% over the past 24 years. It's fair, therefore, to say that Netflix has delivered returns that would have made average retail investors millionaires over the past 24 years. But could the company pull a similar feat off again over the next 25? Image source: Getty Images. Netflix's current market cap is about $347 billion. If it were to average a 31.72% compound annual growth rate over the next 25 years, it would be worth about $340.1 trillion. That's high, to say the very least -- more than 10 times the current gross domestic product of the U.S. And that sort of growth rate would also be extraordinary over any extended period for any company, let alone one operating in a much more competitive industry than Netflix faced in the early days of video streaming . Continue reading
William Luque President Donald Trump will unveil plans to use government funding and Pentagon contracts to sustain US coal-fired power plants as he seeks to drive domestic reliance on the fossil fuel, Bloomberg News reported on Tuesday, citing a White House official. The marquee initiative, set to be announced Wednesday, will come through an executive order, as Trump directs Defense Secretary Pete...
William Luque President Donald Trump will unveil plans to use government funding and Pentagon contracts to sustain US coal-fired power plants as he seeks to drive domestic reliance on the fossil fuel, Bloomberg News reported on Tuesday, citing a White House official. The marquee initiative, set to be announced Wednesday, will come through an executive order, as Trump directs Defense Secretary Pete Hegseth to enter into agreements to purchase electricity from coal plants to power military operations, the report said. Trump is also set to unveil a plan by the Department of Energy to provide $175 million for upgrades at six coal-fired plants in Kentucky, North Carolina, Ohio, Virginia, and West Virginia, the report added. The White House also said it would hold an event on Wednesday promoting coal-powered energy sources. Coal executives, miners, and energy industry leaders will visit the White House as Trump makes the announcements, the report added. U.S.-listed coal companies include Alpha Metallurgical Resources ( AMR ), Peabody Energy ( BTU ), Core Natural Resources ( CNR ), Warrior Met Coal ( HCC ), Alliance Resource Partners ( ARLP ), and Ramaco Resources ( METC ). More on Range Global Coal Index ETF, Peabody Energy, etc. MetLife, Inc. (MET) Presents at Bank of America Financial Services Conference 2026 Transcript Alpha Metallurgical Resources: Pricing Lags, Cycle Pressure MetLife, Inc. 2025 Q4 - Results - Earnings Call Presentation Mid-cap stocks with lowest dividend growth grade Peabody signals ramp to 10.8M tons met coal in 2026 with Centurion mine boosting premium pricing