England's Justin Rose clinched an utterly dominant win at the Farmers Insurance Open in a new tournament record score. Rose, the 2019 winner, led by six shots before Sunday's fourth round on Torrey Pines' South Course and was rarely troubled over his final 18 holes. He signed for a two-under-par 70 to finish seven clear of the field on 23 under and claim his 13th PGA Tour title. The 45-year-old, w...
England's Justin Rose clinched an utterly dominant win at the Farmers Insurance Open in a new tournament record score. Rose, the 2019 winner, led by six shots before Sunday's fourth round on Torrey Pines' South Course and was rarely troubled over his final 18 holes. He signed for a two-under-par 70 to finish seven clear of the field on 23 under and claim his 13th PGA Tour title. The 45-year-old, whose last win came at August's FedEx St Jude Championship, picked up birdies at the sixth, eighth and ninth, with a bogey at the 12th his only blip. The previous best winning score in the tournament's history was 22 under - by Tiger Woods in 1999 and George Burns in 1987. Rose also becomes the oldest player to secure a wire-to-wire finish on tour - leading in all four rounds - since Rocco Mediate in October 2010 aged 47. "This has been a huge win and to start the season with a win is amazing," said Rose. "I knew 23 under was a record. I've grown the lead each day so I wanted to finish seven ahead rather than six. "I had my own little mini goals down the stretch which kept me focused, which was key and I managed my game well. "I'm still loving it and working hard and do believe there is some good stuff ahead of me." American Pierceson Coody had the best round of the day - a seven-under-par 65 - which gave him a share of second place alongside South Korea's Si Woo Kim and Japan's Ryo Hisatsune who both shot 69s. American Jake Knapp and Germany's Stephan Jaeger finished a further shot back. Five-time major winner Brooks Koepka, in his first tournament back on the PGA Tour since leaving LIV Golf, finished in a tie for 56th after a final round of 70.
Key Points IBM is seeing solid revenue growth come from AI. Recent acquisitions set it up to be a leader in agentic AI. The stock is reasonably valued. 10 stocks we like better than International Business Machines › Shares of IBM (NYSE: IBM) climbed after the company reported stronger-than-expected results for the fourth quarter and issued upbeat guidance. The stock is up about 35% over the past y...
Key Points IBM is seeing solid revenue growth come from AI. Recent acquisitions set it up to be a leader in agentic AI. The stock is reasonably valued. 10 stocks we like better than International Business Machines › Shares of IBM (NYSE: IBM) climbed after the company reported stronger-than-expected results for the fourth quarter and issued upbeat guidance. The stock is up about 35% over the past year, as of this writing. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » AI driving growth IBM's growth is being driven by artificial intelligence (AI). Customers are now using its mainframes to help run AI inference, while its watsonx software platform is being used for AI governance and Red Hat OpenShift is being deployed to run AI in multicloud environments. Meanwhile, customers are turning to the company for consulting to help them move AI programs from pilots into production. This helped IBM grow its revenue by 12%, or 9% in constant currencies, in the fourth quarter to $19.69 billion, topping the $19.23 billion consensus, as compiled by LSEG. Adjusted earnings per share (EPS), meanwhile, rose 15% to $4.52, besting analyst estimates of $4.32. Infrastructure revenue led the way, with revenue growth of 21% to $5.1 billion. The company said its Z17 platform is now processing 50% more inference operations each day than its older Z16 platform. However, IBM is expecting infrastructure revenue to decline slightly this year as it laps the initial Z17 launch. Software revenue, meanwhile, climbed 14% to $9 billion, and consulting revenue rose 3% to $5.3 billion. It expects software revenue to increase by 10% this year, with Red Hat OpenShift growth of around 30%. Consulting revenue, meanwhile, is predicted to accelerate to low- to mid-single-digit revenue growth in 2026. IBM continues to be a cash-flow machine, generating free cash flow of $14.7 billion. It expects that number to go up by abou...
Key Points Davidson Capital Management increased its VCLT position by 54,315 shares; the estimated trade size was $4.19 million based on quarterly average pricing. Meanwhile, the quarter-end value of the stake rose by $3.46 million, reflecting both trading and price movements. Post-trade, Davidson Capital Management holds 422,785 VCLT shares worth $32.07 million. These 10 stocks could mint the nex...
Key Points Davidson Capital Management increased its VCLT position by 54,315 shares; the estimated trade size was $4.19 million based on quarterly average pricing. Meanwhile, the quarter-end value of the stake rose by $3.46 million, reflecting both trading and price movements. Post-trade, Davidson Capital Management holds 422,785 VCLT shares worth $32.07 million. These 10 stocks could mint the next wave of millionaires › On January 28, Davidson Capital Management Inc. disclosed a buy of the Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT), adding 54,315 shares for an estimated $4.19 million based on quarterly average pricing, according to its latest SEC filing. What happened According to a Securities and Exchange Commission (SEC) filing dated January 28, Davidson Capital Management Inc. increased its position in the Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) by 54,315 shares. The estimated transaction value for the quarter was $4.19 million, calculated using the average closing price over the period. The end-of-quarter position, meanwhile, was valued at $32.07 million, a $3.46 million increase from the prior quarter. What else to know This was a buy, bringing the VCLT stake to 6.94% of Davidson Capital Management's $462.00 million in 13F reportable AUM. Top five holdings after the filing: NASDAQ:VCIT: $75.84 million (16.4% of AUM) NYSEMKT:XMMO: $53.87 million (11.7% of AUM) NYSEMKT:SPHQ: $47.64 million (10.3% of AUM) NASDAQ:QQQ: $32.86 million (7.1% of AUM) NASDAQ:VCLT: $32.07 million (6.9% of AUM) As of January 27, VCLT shares were priced at $76.61, up 0.9% over the past year. ETF overview Metric Value AUM $8.36 billion Yield 5.66% Price (as of January 27) $76.61 1-Year Total Return 7% ETF snapshot Investment strategy: VCLT seeks to track the performance of the Bloomberg U.S. 10+ Year Corporate Bond Index, focusing on long-term, investment-grade corporate bonds. Portfolio composition: It primarily holds U.S. dollar-denominated, fixed-rate, taxable bonds...
The mayor of Portland, Oregon, demanded US Immigration and Customs Enforcement leave his city after federal agents launched teargas at a crowd of demonstrators – including young children – outside an ICE facility during a weekend protest that he and others characterized as peaceful. Witnesses said agents deployed teargas, pepper balls and rubber bullets as thousands of marchers arrived at the Sout...
The mayor of Portland, Oregon, demanded US Immigration and Customs Enforcement leave his city after federal agents launched teargas at a crowd of demonstrators – including young children – outside an ICE facility during a weekend protest that he and others characterized as peaceful. Witnesses said agents deployed teargas, pepper balls and rubber bullets as thousands of marchers arrived at the South Waterfront facility on Saturday. Erin Hoover Barnett, a former OregonLive reporter who joined the protest, said she was about 100 yards (91 metres) from the building when “what looked like two guys with rocket launchers” started dousing the crowd with gas. “To be among parents frantically trying to tend to little children in strollers, people using motorized carts trying to navigate as the rest of us staggered in retreat, unsure of how to get to safety, was terrifying,” Barnett wrote in an email to OregonLive. Portland mayor Keith Wilson said the daytime demonstration was peaceful, “where the vast majority of those present violated no laws, made no threat and posed no danger” to federal agents. “To those who continue to work for ICE: resign. To those who control this facility: leave,” Wilson wrote in a statement on Saturday night. “Through your use of violence and the trampling of the Constitution, you have lost all legitimacy and replaced it with shame.” The Portland fire bureau sent paramedics to treat people at the scene, police said. Police officers monitored the crowd but made no arrests on Saturday. The Portland protest was one of many similar demonstrations nationwide against the Trump administration’s immigration crackdown in cities such as Minneapolis, where in recent weeks federal agents killed two residents, Alex Pretti and Renee Good. Federal agents in Eugene, Oregon, deployed teargas on Friday when protesters tried to get inside the federal building near downtown. City police declared a riot and ordered the crowd to disperse. Donald Trump posted on Saturday o...
Bloomberg Oracle Corp. said Sunday it plans to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure through a combination of debt and equity sales. “Oracle is raising money in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, xAI and othe...
Key Points Nancy Pelosi’s long-term stock investing has been very successful, so following her moves is worthwhile. Paul Pelosi is likely doing most of the couple’s investing, as he runs a San Francisco-based investment firm. 10 stocks we like better than Nvidia › Longtime California Congresswoman Nancy Pelosi, a Democrat, is known for her great long-term track record in stock investing. The forme...
Key Points Nancy Pelosi’s long-term stock investing has been very successful, so following her moves is worthwhile. Paul Pelosi is likely doing most of the couple’s investing, as he runs a San Francisco-based investment firm. 10 stocks we like better than Nvidia › Longtime California Congresswoman Nancy Pelosi, a Democrat, is known for her great long-term track record in stock investing. The former Speaker of the U.S. House of Representatives and her husband, Paul Pelosi, have a net worth of about $275 million, according to Quiver Quantitative, which tracks the net worth of politicians. Much of that wealth can be attributed to successful stock investing, particularly in large-cap tech stocks. 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 » A San Francisco base is likely a plus for tech stock investing Paul Pelosi is likely doing most of the couple's investing, as he runs a San Francisco-based investment firm. The Pelosis are longtime residents of San Francisco, and Nancy Pelosi represents California's 11th congressional district, which includes most of the city. It would seem likely that this proximity to California's Silicon Valley, where most of the big tech companies are headquartered, has benefited their stock investing. Many folks believe that members of Congress have access to inside information that they use in their stock investing. Whether that's true or not is beyond the scope of this article. It's worthwhile to follow Nancy Pelosi's investing moves Regardless of the "whys," Paul and Nancy Pelosi's stock investing has been very successful over the long run. This fact makes it worthwhile for investors -- particularly those interested in big tech stocks -- to follow their investing moves. As a member of Congress, Nancy Pelosi is required to file a disclosure reporting stock, bond, real estate, and other investment transactions made by her...
We're getting a one-two punch — Alphabet on Wednesday evening and Amazon on Thursday evening — that should define the week — at least, until Friday's employment data. These companies, both nation-states with seemingly unlimited capital, are run by the finest executives, both attuned to stock market reaction and the image it creates. That's far different from last week's earnings. Apple puts up wit...
We're getting a one-two punch — Alphabet on Wednesday evening and Amazon on Thursday evening — that should define the week — at least, until Friday's employment data. These companies, both nation-states with seemingly unlimited capital, are run by the finest executives, both attuned to stock market reaction and the image it creates. That's far different from last week's earnings. Apple puts up with the market. Meta Platforms barely tolerates Wall Street. Tesla does not care at all beyond the desire to spoof it. Sadly, Microsoft has gotten a tad ethereal, and I found myself confused by the post-earnings week's conference call. Judging by the stock price, I wasn't alone. Alphabet from A to Z Alphabet has been a magnet for money, and it does everything, and I mean everything — right down to talking about seeking funding for its self-driving ride service Waymo at a reasonable $110 billion valuation. I know that Waymo is small potatoes compared to so much of Alphabet, but it is big potatoes for a public starved of anything that a consumer might be fascinated by, hence the love for Elon Musk . Waymo rides are great fun. They are even better as a template for generations of non-drivers to come. Sure, a Jaguar robotaxi is expensive, but there could be iterations that we don't know about. Suffice it to say: buy, buy, buy. The nuts and bolts of much of Alphabet are controlled by Ruth Porat, who is — not probably — but is the most savvy executive in the country. How in heck she can be both unassuming and kind, I do not know. Her title as president and chief investment officer confounds in the amorphous way of Alphabet; after all, Sundar Pichai is the CEO, and he is hands-on. But when it comes to how the company acts and looks, we are all so accustomed to Ruth in her former role as CFO running the tightest post-earnings conference call in the business, that we ascribe mythical powers to her when it comes to interaction with Wall Street. Three words, Best There Is, come to mind....