Earnings Call Insights: Prospect Capital Corporation (PSEC) Q2 2026 Management View CEO John Barry reported net investment income of $91 million or $0.19 per common share and net asset value of $3 billion, $6.21 per common share. Barry also detailed a net debt to total assets ratio of 28.2% as of December 31 and announced monthly common shareholder distributions of $0.045 per share for February, M...
Earnings Call Insights: Prospect Capital Corporation (PSEC) Q2 2026 Management View CEO John Barry reported net investment income of $91 million or $0.19 per common share and net asset value of $3 billion, $6.21 per common share. Barry also detailed a net debt to total assets ratio of 28.2% as of December 31 and announced monthly common shareholder distributions of $0.045 per share for February, March, and April. He stated, "We continue to make progress with our strategic priorities, including: number one, rotation of assets into our core business of first lien senior secured middle market loans with our first lien mix increasing 728 basis points to 71.4% since June 2024." Barry emphasized reducing second lien exposure and highlighted the near-complete exit from subordinated structured notes, with the mix decreasing 818 basis points to near 0 since June 2024. The company continues to exit targeted equity-linked assets, including real estate, and completed significant asset sales within Echelon Transportation in July and December 2025. President Michael Eliasek noted that Prospect's exited investments in middle market lending to companies with less than $50 million of EBITDA over nearly 22 years resulted in an investment level exited gross IRR of approximately 17.2% with an annualized net realized loss rate of 0.1%. He emphasized, "Middle market lending comprised 100% of our originations during the December quarter with a continued prioritization of first lien senior secured loans." CFO Kristin Van Dask stated, "We believe our prudent leverage, diversified access to match book funding, substantial majority of unencumbered assets, weighting toward unsecured fixed rate debt and avoidance of unfunded asset commitments all demonstrate balance sheet strength as well as substantial liquidity to capitalize on attractive opportunities." Van Dask highlighted that the company has locked in a ladder of liabilities extending 26 years and recently issued $168 million in senior un...
There are some very complex dynamics currently at play in the stock market. Heading into the year, investors had concerns about artificial intelligence (AI) stocks. Valuations were high, and the hyperscalers are each planning to pour hundreds of billions into AI-related capital expenditures this year. Investors began to question whether this kind of capex would truly yield worthwhile returns. The ...
There are some very complex dynamics currently at play in the stock market. Heading into the year, investors had concerns about artificial intelligence (AI) stocks. Valuations were high, and the hyperscalers are each planning to pour hundreds of billions into AI-related capital expenditures this year. Investors began to question whether this kind of capex would truly yield worthwhile returns. The group sold off. In recent weeks, software stocks have also crashed, largely due to concerns that AI can easily replicate or disrupt software-as-a-service (SaaS) products, business models, and margins. The combination of these two dynamics has resulted in a paradoxical doomsday of sorts: AI may be running out of gas, yet it is also going to disrupt software as we know it. Can AI really be struggling and disrupting software at the same time? The issue for AI is that large tech companies like those in the "Magnificent Seven" have spent heavily on AI-related capex, yet the market is unsure whether the returns will pan out. For one, there is the issue of resources. AI runs on massive datasets and is powered by data centers. These data centers consume resources like power and fresh water to cool the chips in the data centers. A report published by the Lawrence Berkeley National Laboratory in December 2024 found that by 2028, over half of the power being used by data centers will be for AI, which could consume enough electricity equivalent to 22% of all U.S. households. Another report published by the consulting firm McKinsey last year estimated that there would need to be $6.7 trillion in spending on data centers by 2030 to keep pace with the demand for computing power. Meanwhile, the latest models from OpenAI's ChatGPT have faced criticism, leading investors to wonder whether all this spending will yield significantly better models. This, coupled with high valuations, has triggered a sell-off in recent months. But at the same time, software stocks have been crushed on the threat...
In recent months, broad U.S. software and cloud stocks have tumbled as investors step back from last year’s AI euphoria. According to Barchart data reports, the software sector has fallen roughly 24% behind the S&P 500 ($SPX) over the past three months, with Oracle (ORCL) the “loss leader,” off nearly 50% since late October. That slide reflected concerns about massive cloud capital spending and Op...
In recent months, broad U.S. software and cloud stocks have tumbled as investors step back from last year’s AI euphoria. According to Barchart data reports, the software sector has fallen roughly 24% behind the S&P 500 ($SPX) over the past three months, with Oracle (ORCL) the “loss leader,” off nearly 50% since late October. That slide reflected concerns about massive cloud capital spending and OpenAI’s uncertain funding. But on Feb. 9, Oracle suddenly jumped 10% after D.A. Davidson upgraded the stock. Analyst Gil Luria argued that a “revamped OpenAI” will renew demand for Oracle’s cloud services and that new OpenAI funding should finally allow it to honor its commitments to Oracle’s massive AI data centers. Oracle’s Global Cloud and AI Leadership Oracle is a global leader in enterprise software and cloud infrastructure. It pioneered the relational database and now offers integrated applications, middleware, and cloud services. Uniquely, Oracle operates 211+ data center regions worldwide, more than any major peer, and pursues a “cloud-neutral” strategy so its tech can run on any public cloud. Management emphasizes embedding AI across its stack, from autonomous databases to analytics and apps. Indeed, Oracle pivoted heavily into AI infrastructure, even landing a multibillion-dollar deal reported at $300 billion with OpenAI to build large-scale cloud centers. Oracle has been actively expanding its AI infrastructure and applications. In January 2026, it announced a major contract with the U.K. Ministry of Defence. The MoD will migrate legacy systems onto Oracle Cloud Infrastructure (OCI) and adopt Oracle’s AI-powered tools for defense analytics. Meanwhile, Oracle’s high‑capacity AI data center builds are progressing. The company’s blog notes active AI infrastructure projects in partnership with OpenAI at two campuses in Texas and sites in New Mexico, Wisconsin, and Michigan. For example, Michigan regulators recently approved a plan to power a 1.4‑gigawatt Oracle/OpenAI...
Key Points AMD and Alphabet produced strong performance in 2025, including record revenue growth. Wall Street did not like aspects of their latest earnings reports, leading to share price drops. AMD and Alphabet now sport similar share price valuations, as evidenced by their forward P/E ratios. 10 stocks we like better than Advanced Micro Devices › Artificial intelligence remains a hot investment ...
Key Points AMD and Alphabet produced strong performance in 2025, including record revenue growth. Wall Street did not like aspects of their latest earnings reports, leading to share price drops. AMD and Alphabet now sport similar share price valuations, as evidenced by their forward P/E ratios. 10 stocks we like better than Advanced Micro Devices › Artificial intelligence remains a hot investment area in 2026, but it's also a volatile sector. For example, Wall Street was disappointed in the latest earnings reports from Advanced Micro Devices (NASDAQ: AMD) and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), contributing to a share price drop for both. This volatility creates opportunities for the astute long-term investor. Now is the time to scoop up shares in AMD and Alphabet. After all, one earnings report does not define how these companies will perform over the long run. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » But is one a better long-term investment in AI? To answer that question, let's dive into where they stand currently. A look into AMD AMD wrapped up 2025 on a strong note. Revenue in its fiscal fourth quarter, ended Dec. 27, was a record $10.3 billion. Each of its divisions, from data centers to gaming, experienced year-over-year Q4 sales growth. AMD's excellent results were thanks to the fast-growing artificial intelligence market. Customers are rushing to buy the company's products to build the computing power needed for AI. This demand is expected to continue. AMD forecasted fiscal Q1 revenue of about $9.8 billion, representing 32% growth from the prior year's $7.4 billion, which was record first quarter revenue at the time. That prediction was not enough for Wall Street's sky-high expectations, leading to AMD's share price drop. How Alphabet is faring Alphabet also delivered a strong performance. Its Q4 sales soared 18% year over year...
The FBI seized ballots and voting records from a Georgia county election office in connection with a criminal investigation into alleged “improprieties” with the 2020 election. Information about the probe was included in a US Justice Department filing in court that was unsealed Tuesday under order from a federal judge. The documents included an affidavit used to justify a court-ordered search warr...
The FBI seized ballots and voting records from a Georgia county election office in connection with a criminal investigation into alleged “improprieties” with the 2020 election. Information about the probe was included in a US Justice Department filing in court that was unsealed Tuesday under order from a federal judge. The documents included an affidavit used to justify a court-ordered search warrant for the FBI’s raid on a Fulton County, Georgia, elections center in late January.
The uranium miner still has a bright future. Cameco (CCJ 1.75%) struggled for a decade after the Fukushima disaster of 2011. From 2011 to 2021, the Canadian uranium miner's revenue plummeted from $2.4 billion to $1.5 billion as more countries throttled or paused their nuclear expansion plans. Uranium's spot price plunged from a peak of $136 per pound in June 2007 to $18 per pound in November 2016,...
The uranium miner still has a bright future. Cameco (CCJ 1.75%) struggled for a decade after the Fukushima disaster of 2011. From 2011 to 2021, the Canadian uranium miner's revenue plummeted from $2.4 billion to $1.5 billion as more countries throttled or paused their nuclear expansion plans. Uranium's spot price plunged from a peak of $136 per pound in June 2007 to $18 per pound in November 2016, forcing Cameco and its peers to suspend their mining operations. But over the past few years, the growth of the power-hungry cloud and AI markets, new decarbonization initiatives, and the development of safer, more sophisticated reactors have driven more countries to restart their nuclear projects. As a result, uranium's spot price rebounded to approximately $94 as of this writing. From 2021 to 2024, Cameco's revenue doubled from $1.5 billion to $3.1 billion as it restarted its biggest mines. It mined roughly 17% of the world's uranium in 2024, making it the second largest uranium miner after Kazatomprom (NATK.Y +3.52%), Kazakhstan's national atomic company. After years of net losses, it turned profitable again in 2022, 2023, and 2024. As those tailwinds kicked in, Cameco's stock surged more than 620% over the past five years. But will this nuclear "super cycle" drive its stock even higher over the next ten years? Expand NYSE : CCJ Cameco Today's Change ( -1.75 %) $ -2.12 Current Price $ 118.56 Key Data Points Market Cap $53B Day's Range $ 117.56 - $ 120.98 52wk Range $ 35.00 - $ 135.24 Volume 2.2M Avg Vol 4.2M Gross Margin 26.64 % Dividend Yield 0.14 % What could happen to Cameco over the next decade? Over the next decade, Cameco will likely diversify its business away from the volatile uranium mining market and evolve into a more diversified nuclear energy company. Cameco has already taken several significant steps toward achieving that long-term goal. Back in 2021, it increased its stake in Global Laser Enrichment (GLE) -- its uranium enrichment joint venture with Silex...
Key Points Cameco’s stock bounced back as uranium prices rose again. It’s still a great long-term play on the nuclear energy market. 10 stocks we like better than Cameco › Cameco (NYSE: CCJ) struggled for a decade after the Fukushima disaster of 2011. From 2011 to 2021, the Canadian uranium miner's revenue plummeted from $2.4 billion to $1.5 billion as more countries throttled or paused their nucl...
Key Points Cameco’s stock bounced back as uranium prices rose again. It’s still a great long-term play on the nuclear energy market. 10 stocks we like better than Cameco › Cameco (NYSE: CCJ) struggled for a decade after the Fukushima disaster of 2011. From 2011 to 2021, the Canadian uranium miner's revenue plummeted from $2.4 billion to $1.5 billion as more countries throttled or paused their nuclear expansion plans. Uranium's spot price plunged from a peak of $136 per pound in June 2007 to $18 per pound in November 2016, forcing Cameco and its peers to suspend their mining operations. But over the past few years, the growth of the power-hungry cloud and AI markets, new decarbonization initiatives, and the development of safer, more sophisticated reactors have driven more countries to restart their nuclear projects. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » As a result, uranium's spot price rebounded to approximately $94 as of this writing. From 2021 to 2024, Cameco's revenue doubled from $1.5 billion to $3.1 billion as it restarted its biggest mines. It mined roughly 17% of the world's uranium in 2024, making it the second largest uranium miner after Kazatomprom (OTC: NATK.Y), Kazakhstan's national atomic company. After years of net losses, it turned profitable again in 2022, 2023, and 2024. As those tailwinds kicked in, Cameco's stock surged more than 620% over the past five years. But will this nuclear "super cycle" drive its stock even higher over the next ten years? What could happen to Cameco over the next decade? Over the next decade, Cameco will likely diversify its business away from the volatile uranium mining market and evolve into a more diversified nuclear energy company. Cameco has already taken several significant steps toward achieving that long-term goal. Back in 2021, it increased its stake in Global Laser Enrichment (GLE)...
The S&P 500 Index ($SPX) (SPY) today is down -.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.25%. Stock indexes are mixed today. This morning a weaker-than-expected reports on Dec retail sales was released and the Q4 employment cost index, which knocked bond yields lower. The 10-year T-note yield fell to a 3-week low today at 4.1...
The S&P 500 Index ($SPX) (SPY) today is down -.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.25%. Stock indexes are mixed today. This morning a weaker-than-expected reports on Dec retail sales was released and the Q4 employment cost index, which knocked bond yields lower. The 10-year T-note yield fell to a 3-week low today at 4.14%. Join 200K+ Subscribers: US retail sales unexpectedly stagnated in December, suggesting some weakness in consumer spending. Also, the weakness in retail sales could lead to a downward revision in Q4 GDP. The US Q4 employment cost index rose +0.7% q/q, weaker than expectations of +0.8% q/q and the smallest increase in 4.5 years. US Dec retail sales were unchanged m/m, weaker than expectations of +0.4% m/m. Dec retail sales ex-autos were also unchanged m/m, weaker than expectations of +0.4% m/m. The markets this week will focus on corporate earnings results and economic news. On Wednesday, Jan nonfarm payrolls are expected to climb +68,000, and the Jan unemployment rate is expected to remain unchanged at 4.4%. Also, Jan average hourly earnings are expected to rise by +0.3% m/m and +3.7% y/y. On Thursday, initial weekly unemployment claims are expected to fall by -7,000 to 224,000. Also, Jan existing home sales are expected to decline by -4.3% m/m to 4.16 million. On Friday, Jan CPI is expected to be up +2.5% y/y, and Jan core CPI is expected to be up +2.5% y/y. Q4 earnings season is in full swing, as more than half of the S&P 500 companies have reported earnings results. Earnings have been a positive factor for stocks, with 79% of the 297 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%. The markets are d...
Soybeans are trading with 10 to 11 cent gains so far on Tuesday. The cmdtyView national average Cash Bean price is up 10 ½ cents at $10.55. Soymeal futures are $2.40 higher on the day, with Soy Oil futures are 37 to 38 points in the green on the day. WASDE data from this morning indicated no adjustments to the US ending stocks projection, which was left at 350 mbu. Don’t Miss a Day: Of the major w...
Soybeans are trading with 10 to 11 cent gains so far on Tuesday. The cmdtyView national average Cash Bean price is up 10 ½ cents at $10.55. Soymeal futures are $2.40 higher on the day, with Soy Oil futures are 37 to 38 points in the green on the day. WASDE data from this morning indicated no adjustments to the US ending stocks projection, which was left at 350 mbu. Don’t Miss a Day: Of the major world adjustments Brazil was raised by 2 MMT as expected to 180 MMT, with Argentina left at 48.5 MMT. The World Ag Outlook Board also raised the world ending stocks number by 1.10 MMT to 125.51 MMT. Mar 26 Soybeans are at $11.21 1/2, up 10 3/4 cents, Nearby Cash is at $10.55, up 10 1/2 cents, May 26 Soybeans are at $11.36, up 11 cents, Jul 26 Soybeans are at $11.47 3/4, up 11 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures are up 39 to 59 points so far across the front months on Tuesday. The dollar index is up 97 points so far on the day, with crude oil futures back down $3.15/barrel. After the Monday close, NASS reported 45% of the US cotton crop with bolls opening, ahead of the 40% average, with 8% harvested, 2 percentage points above normal. Condition ratings dropped back 4% to 40% in the gd/ex cat...
Cotton futures are up 39 to 59 points so far across the front months on Tuesday. The dollar index is up 97 points so far on the day, with crude oil futures back down $3.15/barrel. After the Monday close, NASS reported 45% of the US cotton crop with bolls opening, ahead of the 40% average, with 8% harvested, 2 percentage points above normal. Condition ratings dropped back 4% to 40% in the gd/ex categories, with the Brugler500 index down 9 points to 306. The Seam ported 2,051 online cash cotton bale sales on Monday, average 58.46 cents/lb. ICE cotton stocks were unchanged on September 9, leaving 265 bales of cert stocks. The Cotlook A Index was down 140 points on September 9 at 79.40 cents/lb. The USDA Adjusted World Price (AWP) was raised by 29 points from the week prior on Thursday to 57.27 cents/lb. Dec 24 Cotton closed at 68.28, up 59 points, Mar 25 Cotton closed at 69.92, up 46 points, May 25 Cotton closed at 71.26, up 46 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corn futures are trading with fractional to penny gains so far on Tuesday, following friendly USDA report. The CmdtyView national average Cash Corn price is up ¾ cent at $3.96. The monthly WASDE update from the USDA showed the US ending stocks cut by 100 mbu, with carryout projected at 2.117 bbu. The only major adjustment was a 100 mbu increase to the export projection. Don’t Miss a Day: The world...
Corn futures are trading with fractional to penny gains so far on Tuesday, following friendly USDA report. The CmdtyView national average Cash Corn price is up ¾ cent at $3.96. The monthly WASDE update from the USDA showed the US ending stocks cut by 100 mbu, with carryout projected at 2.117 bbu. The only major adjustment was a 100 mbu increase to the export projection. Don’t Miss a Day: The world numbers also got an update, with Brazil corn production unchanged, as well as Argentina. World ending stocks were projected at 288.98 MMT, down 1.93 MMT from January. Mar 26 Corn is at $4.29 1/2, up 3/4 cent, Nearby Cash is at $3.96, up 3/4 cent, May 26 Corn is at $4.37 3/4, up 3/4 cent, Jul 26 Corn is at $4.44 3/4, up 1 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The wheat complex is trading with the three markets mixed, Chicago SRW future are trading with slight 1 to 2 cent losses so far on the day. KC HRW futures are showing penny gains on Tuesday. MPLS spring wheat is trading with slight loses to 1 ¼ cents at midday USDA released updated WASDE data this morning, with the US carryout projection for 2025/26 raised by 5 mbu to 931 mbu. That came via a 5 mb...
The wheat complex is trading with the three markets mixed, Chicago SRW future are trading with slight 1 to 2 cent losses so far on the day. KC HRW futures are showing penny gains on Tuesday. MPLS spring wheat is trading with slight loses to 1 ¼ cents at midday USDA released updated WASDE data this morning, with the US carryout projection for 2025/26 raised by 5 mbu to 931 mbu. That came via a 5 mbu reduction to the food use category. Don’t Miss a Day: World wheat stocks were tallied at 277.51 MMT, which was down 0.74 MMT from January, and below the average trade estimate. Canadian stocks were trimmed as increased exports offset lower domestic use by 0.5 MMT. Argentina exports were up 2 MMT, which helped to trim stocks by 1.7 MMT. EU exports were trimmed by 1 MMT, as well as a 0.5 MMT increase to imports raised stocks by 1.45 MMT. EU soft wheat exports from July 1 to February 8 are tallied at 13.43 MMT according to EU Commission data, which is now 0.26 MMT above the same period last year. Mar 26 CBOT Wheat is at $5.27 1/2, down 1 1/4 cents, May 26 CBOT Wheat is at $5.37 1/2, down 1 1/4 cents, Mar 26 KCBT Wheat is at $5.29 3/4, up 1 cent, May 26 KCBT Wheat is at $5.42 3/4, up 1 cent, Mar 26 MIAX Wheat is at $5.69 1/4, down 1 1/4 cents, May 26 MIAX Wheat is at $5.80 1/4, down 1 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.