May arabica coffee (KCK26 ) today is down -0.50 (-0.16%), and May ICE robusta coffee (RMK26 ) is down -22 (-0.60%). Coffee prices are under pressure today as long liquidation emerged in coffee futures amid hopes that US-Iran diplomacy will soon end the war in Iran and allow for the...
May arabica coffee (KCK26 ) today is down -0.50 (-0.16%), and May ICE robusta coffee (RMK26 ) is down -22 (-0.60%). Coffee prices are under pressure today as long liquidation emerged in coffee futures amid hopes that US-Iran diplomacy will soon end the war in Iran and allow for the...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... There’s a bunch of stuff said online that annoys me. But one of the more recent things that’s been grinding my proverbial gears are all the kneejerk responses to repeated headlines about multiple private credit funds limiting investor withdrawals. In recent days, both Apollo and Ares have put up gates on redemptions from some of their biggest non-traded business development companies (BDCs). The responses to this type of news are usually some variation of: “ Gates in private credit are a feature, not a bug - they stop panic selling that would hurt all investors, not just those trying to exit ” or “ these funds advertise liquidity of up to 5%. Do you think investors can capture an illiquidity premium while also demanding more liquidity than a fund advertises? ” or the classic, “ but it was in the prospectus !” These points are more or less true. But even if you accept that these funds are working as designed , I think there’s reason for concern. Setting aside the philosophical question of whether illiquid assets belong inside quasi-liquid wrappers, and setting aside any worries about hidden linkages between private credit and the broader financial system — setting all of that aside — there is still a good reason not to dismiss these gating stories as “nothing to see here.” The key to understanding why is to flip the usual framing around private credit. People talk constantly about the illiquidity premium , or the idea that inv...
Getty Images Introduction Global equity markets have seen significant swings in recent weeks amid energy price volatility. While uncertainty is likely to remain high amid the ongoing war in Iran, a potential ceasefire may result in the outperformance of ETFs primarily invested in companies operating in net energy-importing countries. Investors optimistic about a quick resolution to Middle East hos...
Getty Images Introduction Global equity markets have seen significant swings in recent weeks amid energy price volatility. While uncertainty is likely to remain high amid the ongoing war in Iran, a potential ceasefire may result in the outperformance of ETFs primarily invested in companies operating in net energy-importing countries. Investors optimistic about a quick resolution to Middle East hostilities may want to consider the iShares MSCI ACWI ex US ETF ( ACWX ), which I rate with a Buy rating. Key sticking points behind my bullish outlook include: An attractive 2.79% dividend yield achieved with a modest 0.54x payout ratio, notwithstanding the ETF's cyclical sector tilt. A total return outlook of about 8.94%, with earnings growth driven by retained earnings and the ETF's small allocation to fast-growing emerging markets. Significant diversification across individual holdings and countries, presenting less company-specific risks relative to the S&P 500. Strategy and Key Characteristics ACWX is a passive ETF investing in large- and mid-cap companies outside the United States (its benchmark is the MSCI ACWI ex-US index). ACWX invests in both developed and emerging markets, presenting a mix between institutional stability offered by developed markets (which account for the bulk of the ETF's investments), as well as higher GDP growth potential coming from emerging markets. The portfolio is quite diversified, spanning some 1,727 individual companies , with allocation to the top ten holdings standing at about 14%. This is notably below the circa 37% weight the S&P 500 has in its top ten holdings , indicating that ACWI returns are much less dependent on individual company performance. From a geographic perspective, allocation is primarily to energy-importing countries in Asia (Japan, China, and Taiwan) and Europe (United Kingdom, France, and Switzerland), although ACWX also has a circa 14% exposure to relative beneficiaries of the current energy crisis, such as Canada,...
A woman from Florida pleaded not guilty on Wednesday to the attempted murder of singer Rihanna. Ivanna Lisette Ortiz, of Orlando, also pleaded not guilty through her lawyer to more than a dozen other felony counts in Los Angeles Superior Court. Prosecutors allege the singer, her hip-hop star partner A$AP Rocky and their three young children were among the people assaulted at their home in the Beve...
A woman from Florida pleaded not guilty on Wednesday to the attempted murder of singer Rihanna. Ivanna Lisette Ortiz, of Orlando, also pleaded not guilty through her lawyer to more than a dozen other felony counts in Los Angeles Superior Court. Prosecutors allege the singer, her hip-hop star partner A$AP Rocky and their three young children were among the people assaulted at their home in the Beverly Hills area on March 8 when Ortiz, 35, pulled up to the property and sprayed bullets from an...
Justin Sullivan/Getty Images News HP's ( HPQ ) Imagine event continued management's focus to develop AI devices for hybrid work, but the new hardware failed to move the needle for a notable inflection in either direction as the PC market deteriorates, according to Morgan Stanley. The Palo Alto-based company introduced a new lineup of high-powered workstations, AI PCs, and laptops. They also reveal...
Justin Sullivan/Getty Images News HP's ( HPQ ) Imagine event continued management's focus to develop AI devices for hybrid work, but the new hardware failed to move the needle for a notable inflection in either direction as the PC market deteriorates, according to Morgan Stanley. The Palo Alto-based company introduced a new lineup of high-powered workstations, AI PCs, and laptops. They also revealed what they called the "future of work" through HP IQ, a connected ecosystem of intelligent devices designed to make work more seamless across devices, spaces, and experiences through a new workplace layer . HP shares had increased nearly 4% by afternoon trading on Wednesday. "As a result, our near-to-medium-term outlook doesn't change," said Morgan Stanley analysts, led by Erik Woodring, in an investor note. "And as we look out over the next 12 months, we believe the challenges that HPQ and the broader PC industry faces are building, with memory price inflation and shortages intensifying, CPU shortages and price hikes also escalating, and deteriorating 1H notebook ODM builds indicating a weakening of the PC market faster than we expected just 3 months ago, all contributing to our new PC market forecast that assumes 16% Y/Y global shipment declines vs. expectations for flat to -5% Y/Y declines just 3 months ago." Morgan Stanley maintained its Underweight rating and $16 price target on HP. More on HP HP Inc.: A Cash Machine That Offers A Potential 14% Shareholder Yield HP Inc.: Too Cheap To Ignore Despite Triple Whammy HP Inc.: Hardware Weakness Is Creating A Double-Digit Yield Opportunity Intel, AMD's CPU supply constraints impacting PC, server makers: report HP reveals IQ, an enterprise layer capable of connecting workflows across AI devices
Costco Wholesale ( COST ) has quietly launched a new Kirkland energy drink at some stores. While the company has not issued a formal announcement with details about the launch, social media accounts have posted pictures of 24-pack Kirkland Signature Sparkling Energy Drink products being sold in three flavor varieties. Early reports suggest the product is selling well during its first week on the s...
Costco Wholesale ( COST ) has quietly launched a new Kirkland energy drink at some stores. While the company has not issued a formal announcement with details about the launch, social media accounts have posted pictures of 24-pack Kirkland Signature Sparkling Energy Drink products being sold in three flavor varieties. Early reports suggest the product is selling well during its first week on the shelves. The drink is a Kirkland house-brand sparkling energy drink in 12-ounce cans, with 200 mg of caffeine, zero sugar, and about 10 calories per can. Reported flavors include Tropical, Peach, and Orange, and the package price is $16.99 for 24 cans, or about $0.70 each. Notably, Google search interest for the query "Costco energy drinks" spiked this week. Google The launch is interesting because Costco ( COST ) does sell Red Bull, Monster ( MNST ), and Celsius ( CELH ) energy drinks at many locations. Weighing in on the development, TD Cowen analyst Robert Moskow said the sell-off this week in Celsius Holdings ( CELH ) looks like an overreaction given that Costco only represents ~10% of sales and the category has not historically had strong private label entrants. He reminded investors that 7-Eleven's private label energy drink launch in 2024 did not have meaningful implications for branded energy drink market share, even as the largest convenience store in the U.S. "We view the pullback as a buying opportunity given strong distribution tailwinds in 2026," wrote Moskow on the setup for Celsius ( CELH ). More on Costco Costco: A Likely Outperformer Based On The Business Model, Despite Disruptions Costco: Continued Operating Outperformance, Shares Fairly Valued Costco's $1,000 Price Tag Makes A Stock Split Hard To Ignore Costco shares snapped six-session losing streak Sign of the times? Costco is opening standalone gas stations
CIBC Qx U.S. Low Volatility Dividend ETF ( CQLU:CA ) announces distribution of CAD 0.03 CIBC Qx International Low Volatility Dividend ETF ( CQLI:CA ) announces distribution of CAD 0.067 CIBC Canadian Short-Term Bond Index ETF ( CSBI:CA ) ( CSBI:CA ) announces distribution of CAD 0.054 CIBC 2026 Investment Grade Bond Fund - ETF Series ( CTBB:CA ) announces distribution of CAD 0.024 CIBC 2027 Invest...
CIBC Qx U.S. Low Volatility Dividend ETF ( CQLU:CA ) announces distribution of CAD 0.03 CIBC Qx International Low Volatility Dividend ETF ( CQLI:CA ) announces distribution of CAD 0.067 CIBC Canadian Short-Term Bond Index ETF ( CSBI:CA ) ( CSBI:CA ) announces distribution of CAD 0.054 CIBC 2026 Investment Grade Bond Fund - ETF Series ( CTBB:CA ) announces distribution of CAD 0.024 CIBC 2027 Investment Grade Bond Fund - ETF Series ( CTBC:CA ) announces distribution of CAD 0.029 CIBC 2028 Investment Grade Bond Fund - ETF Series ( CTBD:CA ) announces distribution of CAD 0.033 CIBC 2029 Investment Grade Bond Fund - ETF Series ( CTBE:CA ) announces distribution of CAD 0.043 CIBC 2030 Investment Grade Bond Fund - ETF Series ( CTBF:CA ) announces distribution of CAD 0.035 CIBC 2026 U.S. Investment Grade Bond Fund - ETF Series ( USD )* ( CTUD.U:CA ) announces distribution of $0.021 CIBC 2027 U.S. Investment Grade Bond Fund - ETF Series ( USD )* ( CTUE.U:CA ) announces distribution of $0.022 Payable April 6; for shareholders of record March 31; ex-div March 31 Source: Press Release More on Blaize: Revenue Guidance Is Vindicated, There's Light At The End Of The Tunnel Hyperliquid Strategies: Fade The Crypto HYPE Local Bounti Corporation (LOCL) Q4 2025 Earnings Call Prepared Remarks Transcript McDonald's shares snap six-session losing streak Barclays scales back some asset-based lending amid private credit turmoil - report
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Concentrix Corporation ( CNXC ) is one of those stocks that appears to be significantly more damaged on the charts than it is in its financials. That said, I have to admit that since I wrote about Concentrix two times before, the stock has been down roughly 50 percent. For me, I think it makes sense to be honest because the stock price ...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis Concentrix Corporation ( CNXC ) is one of those stocks that appears to be significantly more damaged on the charts than it is in its financials. That said, I have to admit that since I wrote about Concentrix two times before, the stock has been down roughly 50 percent. For me, I think it makes sense to be honest because the stock price today does not simply reflect a poor first quarter by the company; rather, the current stock price reflects an investor community that has lost confidence in Concentrix's ability to execute upon the planned business model transition. In my opinion, this is not enough to turn me constructive on adding, but it is enough to keep me in the name. At the time of writing, Concentrix's valuation as measured by its price-to-earnings is approximately 2x forward EPS. Additionally, management expects Adjusted Free Cash Flow to range between $630M and $650M in fiscal year 2026 . The company generated $2.5B in revenue for the most recent fiscal quarter, which represented a 5.4% YoY increase. This type of data would normally represent a company facing considerable difficulties. However, I view this as a company in the process of undergoing a complex and expensive transition, with pressured margins and elevated debt levels, but ultimately a true and sizeable customer base, solid expected future cash flows, and tangible evidence of a meaningful transition into AI-driven customer experience solutions. Therefore, my rating is Hold. I will not be growing in my current position. I know the company is under pressure during this transition, but I still believe the story deserves time to play out, and I will explain why in the sections below. Those that have not yet purchased shares may want to wait for clearer evidence that the transition is working before stepping in. Why This Story Has Become So Complex for the Market It must be said that Concentrix is not operating in a normal context for th...
Over the last 7 days, the United States market has dropped 2.3%, yet it remains up by 13% over the past year with earnings expected to grow by 16% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate robust innovation and adaptability, positioning themselves well amidst fluctuating market conditions.
Over the last 7 days, the United States market has dropped 2.3%, yet it remains up by 13% over the past year with earnings expected to grow by 16% annually. In this context, identifying high growth tech stocks involves looking for companies that demonstrate robust innovation and adaptability, positioning themselves well amidst fluctuating market conditions.
The theft of the ex-Labour chief of staff’s mobile has raised eyebrows in the context of the scandal over ex-ambassador Morgan McSweeney is not the first person to have had their phone snatched on a London street, but the fact he was at the time Keir Starmer’s chief of staff, and that his phone most likely contained messages to and from Peter Mandelson, has prompted questions. So what do we know a...
The theft of the ex-Labour chief of staff’s mobile has raised eyebrows in the context of the scandal over ex-ambassador Morgan McSweeney is not the first person to have had their phone snatched on a London street, but the fact he was at the time Keir Starmer’s chief of staff, and that his phone most likely contained messages to and from Peter Mandelson, has prompted questions. So what do we know about the circumstances surrounding the theft of McSweeney’s phone? Continue reading...
As travelers continue to face hours-long airport security lines during the busy spring-break season, some airlines are making it easier and less expensive to change flights.
As travelers continue to face hours-long airport security lines during the busy spring-break season, some airlines are making it easier and less expensive to change flights.
Rachata Amnataree/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 2.38% (Institutional shares)( MASPX ) and 2.31% (Investor A shares, without sales charge)( MDSPX ) for the fourth quarter of 2025. The fund's outperformance of its benchmark was led by sentiment and macro-related insights. Sentiment signals, particularly those looking at informed investor positioning, we...
Rachata Amnataree/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 2.38% (Institutional shares)( MASPX ) and 2.31% (Investor A shares, without sales charge)( MDSPX ) for the fourth quarter of 2025. The fund's outperformance of its benchmark was led by sentiment and macro-related insights. Sentiment signals, particularly those looking at informed investor positioning, were the strongest contributors. Macro insights that identified trends in wage growth and industry revenues also added positively. From a sector-positioning perspective, the fund remained largely neutral. At quarter-end, there were slight overweight positions in the health care and industrials sectors, and underweight holdings in the consumer discretionary and utilities sectors. Contributors Sentiment insights were the strongest contributors to performance. Signals that tracked short-seller activity helped align positioning with market flows, delivering positive results, particularly in the financials sector. Another sentiment measure that captured institutional interest via corporate access data added value in the information technology and industrials sectors. Additionally, value signals contributed, including one that emphasized operating cash flow and another that followed broker price target revisions, with both supporting stock selection across several sectors. Detractors Macro-related signals were the main detractors. Style-timing and economic similarity models struggled to anticipate sector rotation, which led to weaker positioning in areas including the energy and consumer staples sectors. Certain fundamental quality measures detracted, particularly one that penalized inconsistent language in earnings calls as it missed gains in speculative growth areas. Retail- and app-based sentiment signals weighed on performance in select consumer stocks. Further insight Global equities ended a strong 2025 near record highs, though the final weeks showed that key market debates r...
More financial firms are wading into prediction markets in Canada, working to get the green light from regulators to bring a popular betting product to traders. Wealthsimple said on Wednesday it has received approval from the Canadian Investment Regulatory Organization to offer trading in contracts tied to economic indicators, financial markets and climate data. The Toronto-based firm, which has m...
More financial firms are wading into prediction markets in Canada, working to get the green light from regulators to bring a popular betting product to traders. Wealthsimple said on Wednesday it has received approval from the Canadian Investment Regulatory Organization to offer trading in contracts tied to economic indicators, financial markets and climate data. The Toronto-based firm, which has more than C$100 billion ($72.4 billion) in assets under administration, is following Interactive Brokers Group Inc. , which announced the launch of Canadian prediction markets almost a year ago. Prediction markets companies have grown rapidly to have annual revenue of around $2 billion , and that’s likely to surge to more than $10 billion by 2030, analysts at Citizens Financial said late last year. One of the biggest players, Kalshi Inc. , was valued at $22 billion in a recent financing round, Bloomberg News reported earlier this month. However, Canadian regulators have been more reluctant than US watchdogs to allow a wide variety of such bets. While the newly approved firms are able to offer certain forecast contracts, some of the hottest prediction markets trades in the US — sports and elections — aren’t available in Canada. The Canadian Securities Administrators, a group of provincial regulators, banned selling or advertising short-term binary options — contracts based on a yes-or-no proposition — in 2017 due to the higher risk they carry. “Canada appears to be permitting some forecast contracts on a controlled basis through a registered dealer structure, not broadly legalizing prediction markets,” said Noah Billick, a partner and director of regulatory, funds and compliance at Renno & Co . He added that even though contracts of 30 days or longer fall outside the CSA’s binary option restriction, it “does not mean every event contract is suddenly lawful for retail distribution.” Interactive Brokers allows Canadians to bet on events such as Federal Reserve decisions, inflat...
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. On Monday, Janus Living's Director, Charles J. Herman Jr., made a $110,000 purchase
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. On Monday, Janus Living's Director, Charles J. Herman Jr., made a $110,000 purchase
Five Below's ability to capitalize on the hottest new toy on the market sets shares up for success, according to Wolfe Research. The mystery squishy dumpling, created by toy manufacturer RMS USA, is the latest viral toy trend gaining traction on TikTok and other online platforms. Mystery dumplings are shaped like a steamed bao bun and packaged in a miniature bamboo steamer, coming in a variety of ...
Five Below's ability to capitalize on the hottest new toy on the market sets shares up for success, according to Wolfe Research. The mystery squishy dumpling, created by toy manufacturer RMS USA, is the latest viral toy trend gaining traction on TikTok and other online platforms. Mystery dumplings are shaped like a steamed bao bun and packaged in a miniature bamboo steamer, coming in a variety of colors and rarity. And much like other blind boxes that took off in popularity last year, consumers are unable to see which version they've bought until after purchase and opening the package. Wolfe Research analyst Spencer Hanus pointed to Five Below's ability to capitalize on this trend as a catalyst for the off-price retailer. "Comp momentum at FIVE remains the strongest in our coverage, and our store checks this past weekend suggest the 'Dumpling' craze is accelerating. This trend is helping to drive incremental traffic, higher ticket, and greater awareness of Five Below," he wrote. "If the current demand lasts through 2026, it could drive an incremental 100-200bps to the comp. While investors are already expecting a beat in 1Q, this is further proof that the strategy is working, even if demand for this trend slows quicker than expected," he added. The analyst currently has an outperform rating on the stock. His new price target of $291, up from $275, implies an upside ahead of 26% from Tuesday's close. This mystery dumpling craze parallels that of plushy Labubu dolls, which became a worldwide sensation last year after Lisa, a performer in K-pop group Blackpink, was spotted sporting the toy. The dolls' popularity skyrocketed the revenue and shares of its maker, Pop Mart, which are listed in Hong Kong. "We don't think this trend is as big as others (yet), but it is a positive that they can chase these trends. The other swing factor is the attach of other items, and Five Below does have other products that fit this 'squishy' theme," Hanus added. The analyst also noted tha...
Yahoo Finance Senior Producer John Hyland tracks Tuesday's top moving stocks and biggest market stories.Disney (DIS) stock is under pressure due to shifts in its OpenAI (OPAI.PVT) partnership, as well as Epic Games's layoff announcement.Meta (META) is in focus amid reports of potential layoffs across Reality Labs and other key teams.
Yahoo Finance Senior Producer John Hyland tracks Tuesday's top moving stocks and biggest market stories.Disney (DIS) stock is under pressure due to shifts in its OpenAI (OPAI.PVT) partnership, as well as Epic Games's layoff announcement.Meta (META) is in focus amid reports of potential layoffs across Reality Labs and other key teams.