Deagreez/iStock via Getty Images Back at the beginning of December 2025, I wrote about how Bitcoin USD ( BTC-USD ) likely peaked and was already in the crypto winter or bear market phase of this price cycle, with more significant declines on the way. Crypto winters tend to last for about one year from the peak price in each 4-year price cycle. So, I'm expecting Bitcoin's price to bottom approximately in September 2026 (about one year after the October 2025 peak price). As a result, I'm expecting further declines in the price of the iShares Bitcoin Trust ETF ( IBIT ) in 2026, which tracks the price of Bitcoin. Bitcoin's price consolidated between $80k and $100k from the second half of November through January 2026. Bitcoin just closed the month of January below $80k, which confirms that the crypto winter is continuing. Back in December 2025, after the first initial sharp price decline, many investors were saying that Bitcoin was in an extended bull cycle. The thesis behind that idea was that institutional buying would offset retail selling and change the dynamics of the previous 4-year price cycles. Some investors were saying something similar back in 2021 that more widespread adoption of Bitcoin would extend or change the standard 4-year price cycle. However, I didn't buy that theory. The reason for that was that the technicals were showing a bearish divergence on Bitcoin's monthly chart. This occurred in the current price cycle, and it also occurred back in 2021. Plus, the price cycles have been relatively consistent, lasting about 1,050 days from the price bottom to the price peak. So, I theorized that this price cycle would act similarly. The peak price in October 2025 was about 1,050 days from the price bottom in 2022. Bitcoin's Monthly Price Chart Bitcoin (BTC-USD) Monthly Price Chart w/ RSI & MACD (TradingView) The bearish divergence for the current price cycle occurred from the peak price in January 2025 through the peak price in October 2025. The price made ...

This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares slid about 1.5% on Monday after a report said its planned investment in OpenAI may not move forward as first outlined. The Wall Street Journal reported that discussions between Nvidia and OpenAI have slowed, citing people familiar with the matter. Nvidia had said in September it could invest up to $100 billion in the artificial intelligence company and help build large-scale computing capacity. Chief Executive Jensen Huang later told industry contacts that the investment was not binding and had not been finalized, the report said. He also raised concerns about OpenAI's business approach and competition from companies such as Alphabet's Google (NASDAQ:GOOGL) and Anthropic. Over the weekend, Huang said claims of dissatisfaction with OpenAI were nonsense, but added that the investment would not exceed $100 billion. He said Nvidia would still take part in the funding round led by OpenAI Chief Executive Sam Altman, according to comments reported by Bloomberg. Investors appeared cautious about the uncertainty around the deal size. Sarah Kunst of Cleo Capital said the shifting tone on the amount to be invested may be adding to market unease. Nvidia shares are up sharply over the past year, driven by strong demand for AI chips.

RiverNorthPhotography Michael Burry weighed in Monday on the direction he sees GameStop ( GME ) taking based on CEO Ryan Cohen's comments last week about making a major acquisition. Cohen has not named his potential M&A target but said he is seeking a publicly traded consumer company that’s undervalued, "high quality, durable, and scalable with growth prospects," and has a "sleepy management team." Burry sees Cohen and GameStop ( GME ) having the firepower to go after a large acquisition because his 0% convertible bonds and warrants give him an additional $6.1 billion in net cash if shares cross into the $30s (GME currently trades up 7% at $25.73). For his part, Burry thinks Cohen is likely to approach multiple different companies and essentially LBO them in a strategy he calls "Instant Berkshire." The strategy would be to create a portfolio of great companies that generate excess capital or float for additional investment beyond what is required for their growth. As for targets, Burry started with ADT ( ADT ), which is seen as attractive for its synergy opportunities, cash flow, and customer relationships. Wayfair ( W ) ranked second on Burry's list of GameStop ( GME ) M&A targets. The online retailer's logistics infrastructure and customer relationships were highlighted. Other signs seen by Burry as being potential candidates in the Instant Berkshire portfolio include Assured Guaranty ( AGO ), Penske Automotive Group ( PAG ), Mattel ( MAT ), Sprouts Farmers Markets ( SFM ), and Sirius XM ( SIRI ). He also mentioned Wynn Resorts ( WYNN ) or MGM Resorts ( MGM ) as potentially interesting alternatives to Wayfair ( W ). More on GameStop GameStop: A Cash-Rich Holding Company Is A New Kind Of Growth Investment GameStop: From Melting Ice Cube To A Directional Bet On Cohen's Incentives Wall Street Lunch: GameStop's CEO Bets On $100B Dream GameStop rallies as M&A intrigue brings in speculative buyers Insider trades: JNJ, Intel, IBM among notable names

oonal/iStock via Getty Images Arbutus Biopharma ( ABUS ) is up ~10% in Monday afternoon trading after a federal judge in Delaware determined that a patent dispute involving technology used in Moderna's ( MRNA ) mRNA COVID-19 vaccine should be settled in a jury trial. Moderna is off ~3%. Judge Joshua Wolson wrote that the "prosecution history of some of Arbutus's patents forecloses Arbutus’s doctrine-of-equivalents claims based on the molar ratios in Moderna’s Covid-19 vaccine. For Arbutus to succeed on those claims, it will have to prove literal infringement." The patents at issue in the case deal with Arbutus and Genevant Sciences' ( ROIV ) lipid nanoparticle (LNP) delivery technology, which is essential for preventing mRNA degradation in the body. "Moderna has proven that prosecution history estoppel bars Arbutus's doctrine-of-equivalents claims about the Molar Ratio Patents, so I will grant Moderna’s Motion on that issue," Wolson concluded. "A jury will have to resolve questions of invalidity." That jury trial is slated to begin in March. More on Arbutus Biopharma Arbutus falls as patent dispute with Moderna hits EU snag Seeking Alpha’s Quant Rating on Arbutus Biopharma Historical earnings data for Arbutus Biopharma Financial information for Arbutus Biopharma

This article first appeared on GuruFocus. Klarna Group plc (NYSE:KLAR) is stepping deeper into the AI shopping world, joining Alphabet Inc.'s Google Universal Commerce Protocol as companies start preparing for a future where AI agents help handle buying decisions. The move builds on Klarna's long running partnership with Google, which already spans Google Pay, Google Store, Google Play, and Google Cloud. By backing the Universal Commerce Protocol, Klarna is supporting an open system designed to let AI powered assistants search, shop, and handle payments more smoothly across different platforms, instead of being locked into closed ecosystems. Klarna executives say the goal is to make sure AI driven shopping develops on infrastructure that people can trust. As AI agents become more involved in everything from product discovery to checkout, open standards like Google's are meant to keep the experience interoperable and transparent. The announcement comes as interest grows around agentic commerce, where AI tools don't just recommend products but can complete purchases on a user's behalf. Klarna is positioning itself early for that shift.

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matejmo/iStock via Getty Images By Elior Manier Markets are digesting the Friday announcement of Powell's replacement as the next Fed Chair, taking effect in May 2026. In case you missed it, Kevin Warsh will take his spot. The announcement brought a wave of high volatility, combined with record pace January month-end flows. Metals were subject to a now-famous 6-sigma event (where volatility exceeds 99.9996% of previous observations) , taking silver back to $78 and gold back below $5,000. In parallel, the US dollar ( DXY ) spiked higher, reversing a large part of its end-January move lower as participants saw Warsh's nomination as a positive for the greenback. The 2006-2011 Governor was seen as a "hard money hawk", so his appointment was initially seen as negative for stocks and risk assets, particularly given movements in metals and cryptocurrencies. Seen as a reformist, the next Fed Chair will undoubtedly contribute to drastic changes in the way the central bank operates - the rest will be to know if it gets a positive response from investor sentiment. Being appointed by Trump and remaining close to the current Administration, it would be surprising to see the opposite. Propped higher by Iran tensions turning into discussions , a very positive surprise on the Manufacturing PMIs (52.6 vs. 48.5 expected!) and month-beginning reallocations, US benchmarks are heading to their recent highs in the morning session. Current picture for the stock market (11:29 A.M. ET) - February 2, 2026 (Source: TradingView) Let's dive into our daily session charts and trading levels for the major US Indexes: Dow Jones, Nasdaq, and S&P 500 . Dow Jones 4H Chart and Trading Levels Dow Jones (CFD) 4H Chart - February 2, 2026 (Source: TradingView) Many factors are to be considered to trade equities these days, between earnings (season now ending), geopolitical, and political events colliding. Still, the DJIA holds its rangebound picture near the all-time highs (48,400-49,700) - a sign of inves...

Schools Closed For 8th Day Across Multiple States As Cold Weather Persists Authored by Zachary Stieber via The Epoch Times, Superintendents are keeping schools closed to students across multiple states on Feb. 2 as cold weather persists, leaving some roads and sidewalks difficult to navigate. Officials in Montgomery County, Maryland; Fairfax County, Virginia; and Winston-Salem/Forsyth County, North Carolina were among those announcing canceled classes on Monday for the eighth day in the wake of a storm that dumped snow and ice along the East Coast. “Snow and ice removal from this winter weather event has been slow, where Monday will be the first day above freezing in 9 days,” Montgomery County Public Schools said on the district’s website. “We know we will not have perfect conditions any time soon, but many streets and sidewalks are NOT passable for buses or safe for student walkers,” officials added later. They said they want to resume classes on Tuesday, but doing so would be partially contingent on people clearing sidewalks around them. Fairfax County Public Schools said on its website that classes were canceled because of “continued concerns about safe travel for students and staff to and from school.” The district did not commit to opening on Tuesday. At least some employees in both counties are expected to report to work on Feb. 2, officials said. Winston-Salem/Forsyth County Schools said on its website that schools were closed Monday “due to unsafe road conditions.” Those three districts were among those not holding remote classes or instruction over the Internet. Other districts, such as Randolph County Schools in North Carolina, were having a remote learning day rather than holding classes as normal in person. Still others, including schools in Baltimore County in Maryland and the District of Columbia, opened for in-person instruction, but two hours later than usual. A number of states are dealing with snow and ice brought by a January storm. Some areas rep...

Key Points Bitcoin’s price has tumbled over the past year. Financial institutions are still holding a lot of Bitcoin. It could stabilize and rise again as fiat currencies continue to shed value. 10 stocks we like better than Bitcoin › Bitcoin's (CRYPTO: BTC) price has declined nearly 20% over the past 12 months. However, the world's top cryptocurrency still has significant institutional backing. Goldman Sachs (NYSE: GS) reportedly held $1.6 billion in Bitcoin exchange-traded funds (ETFs) at the end of 2024, while JPMorgan (NYSE: JPM) had invested about $343 million in those ETFs as of last November. Other major banks, including Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC), have also made modest investments in Bitcoin. 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 » Should investors follow that lead and buy more Bitcoin? Back in 2024, Bitcoin's latest four-year halving, the approvals of its first spot price ETFs, and declining interest rates all drove its price higher. Yet as those tailwinds dissipated and Treasury yields stubbornly remained high, many bulls backed off and booked profits. Bitcoin is still challenging to value, but it's actively mined, has a limited supply, and could become a defensive investment against the monetary expansion of fiat currencies. If that happens, its price could stabilize and rise over the next few years as it becomes "digital gold". Bitcoin's price will likely remain volatile in this choppy market. But if you expect the U.S. dollar and other fiat currencies to lose their value over the next few decades, it might be a brilliant idea to follow the banks and buy, hold, and forget about some Bitcoin ETFs. Should you buy stock in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one ...

In the most recent quarterly earnings call for Tesla (TSLA), CEO Elon Musk made a case for building data centers in space. Shedding light on the savings that will ensue due to “effortless” cooling, he argued for sending millions of satellites into space for this. Alongside this, the huge spending increase and the administration's focus on defense only bode well for a company like the recently listed York Space Systems (YSS). About York Space Systems Founded in 2012, York Space Systems builds mission-focused, lower-cost satellites at scale for national security and commercial customers. It designs and manufactures small satellites and spacecraft platforms and provides mission integration and launch support while also providing ground-side software/antenna network services. Its customer base primarily includes U.S. defense and national security agencies, including the Space Development Agency (SDA), U.S. Space Force, and Army Space & Missile Defense Command, along with some civil/commercial work. Initially planning to issue 16 million shares at a price range of $30-$34, the company eventually offered 18.5 million shares. The stock made a strong debut on the bourses, climbing more than 7% before dipping 11% by this afternoon. Its valuation stands at close to $5 billion now. So, following a showing of relative strength with its IPO, will it be a case of morning showing the day for YSS? Or, will it be prudent to exercise some caution? Let's find out. Financials Getting There Just like the process of developing satellites is a complex and capital-intensive process, the financial management of such a company is equally an arduous task. How is York faring then? Not badly, but as it is with any early-stage company, there remains massive room for improvement, which will come if the company's slew of products and services continue to meet the standards of its biggest and most critical customer: the government. For the moment, it is a relief to know that the company's revenues ...

Palantir is set to report earnings after the market close. What Wall Street expects CNBC

Palantir Technologies is facing an earnings test after its recent slump. Shares of Palantir have lost 25% in the past three months amid a broader decline in software stocks , which are among the S & P 500's worst performers year to date on concerns of artificial intelligence disruption. One popular technical metric showed that Palantir was one of the market's most oversold stocks last week . For all that, however, Palantir is still ahead 81% over the past year. Now Wall Street is gearing up for Palantir's fourth-quarter financial results due after the market close on Monday. According to LSEG, analysts covering Palantir expect the company to report earnings of 23 cents per share on revenue of $1.329 billion in the December quarter. The company topped third-quarter estimates in November, when it reported adjusted earnings of 21 cents per share on revenue of $1.18 billion. Government sales, especially from high-profile military contracts, have been essential to Palantir's growth in recent quarters. The company's U.S. commercial business has also soared — more than doubling year-over-year in the previous period — after locking in new partnerships with Nvidia , Snowflake and others. Some analysts view the stock as a buying opportunity after its recent pullback, and see global geopolitical conflicts and a large U.S. defense budget as major catalysts for Palantir's future government and commercial revenue. Analyst Arvind Ramnani from Truist Securities, for example, pointed to Palantir's 40%+ free cash flow margins as positioning the company led by CEO Alex Karp to ramp up capital returns over time. PLTR 5Y mountain Palantir Technologies stock performance over the past five years. Still, opinions on the Street are varied. Of the 27 analysts surveyed by LSEG who cover the stock, only three rate it a strong buy while five give it a buy rating. Sixteen analysts maintain hold ratings, while two give it an underperform and one has a sell rating. The consensus price target sugge...

OpenAI launches Codex app to gain ground in AI coding race Reuters

Alphabet (GOOG) (GOOGL) will release its fourth-quarter financial results on Wed., Feb. 4. Heading into the earnings, Alphabet stock has surged 81.35% over the past six months, reaching a fresh high of $344.83 today. Alphabet stock has got a significant boost from its growing artificial intelligence (AI) capabilities and AI-driven momentum across its businesses. November's launch of Gemini 3 has strengthened Google’s position in the AI space. Further, investors’ optimism has also been supported by Alphabet’s expanding role in AI infrastructure. For instance, the technology giant announced a major agreement with Anthropic that could provide the startup access to Google’s custom Tensor Processing Units. Valued in the billions, the deal reflects rising demand for Google’s in-house AI chips and opens up a new growth avenue. Further, Alphabet’s recent partnerships with Apple (AAPL) and Walmart (WMT) lifted its share price. While the impact of these relationships will take time to play out, they add optimism around Alphabet’s ecosystem reach and provide new growth opportunities. Given the strong AI-driven momentum, Google could once again deliver solid growth in Q4. However, after such a sharp rally, some caution is emerging. Alphabet’s 14-day RSI is 65.7 on a daily time frame. While it is below the 70 threshold that signals overbought conditions, it remains high, suggesting the stock is running hot heading into earnings and increasing the chance of volatility even if results are strong. The options market is bracing for a higher-than-average move in GOOGL stock. Contracts expiring Feb. 6 are pricing in a post-earnings swing of about 5.3% in either direction, higher than Alphabet’s average earnings-related move of around 3.4% over the past four quarters. Alphabet Q4: Here’s What to Expect The ongoing strength in Search, Cloud, and YouTube will enable Alphabet to deliver strong financials in Q4. The technology company continues to benefit from steady demand in digital adve...

On Jan. 22, 2026, FSC Wealth Advisors, LLC disclosed in an SEC filing that it sold 99,329 shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) , an estimated $5.96 million trade based on quarterly average pricing. According to a SEC filing dated Jan. 22, 2026, FSC Wealth Advisors, LLC reduced its holdings in First Trust Enhanced Short Maturity ETF by 99,329 shares. The estimated transaction value was $5.96 million, based on the average unadjusted closing price for the quarter ended Dec. 31, 2025. The quarter-end value of the stake decreased by $5.95 million, reflecting both trading activity and changes in share price. First Trust Enhanced Short Maturity ETF (FTSM) is a large, actively managed short-duration fixed income ETF with a market capitalization of $6.2 billion. The fund aims to deliver attractive, risk-adjusted yields while maintaining a conservative duration profile, making it suitable for investors seeking enhanced cash management. FTSM's diversified portfolio and focus on high-quality securities provide a competitive edge in the short-term bond ETF space. Continue reading

It was the evening of 6 May 2010 and months after being released from jail for procuring a child for prostitution, Jeffrey Epstein was curious as to the result of Britain’s general election. “Well?” he emailed Peter Mandelson, the then de facto deputy prime minister in Gordon Brown’s government. Twenty minutes later, and a few hours before the polls were due to close, Mandelson responded: “We are praying for a hung parliament. Alternatively, a well hung young man.” In an interview with the BBC last month that appeared to be an attempt at rehabilitation after being withdrawn as US ambassador over fresh revelations about his ties to Epstein, Mandelson insisted that he had been “at the edge of this man’s life”. If the implication was that he was insignificant to Epstein, that may be arguable. But some of the millions of fresh emails released by the US justice department seem to make clear that Epstein was right at the heart of Mandelson’s world for a number of years. Taken together, and followed by his resignation from the Labour party and calls for a police investigation, they appear to be the epitaph for a politician who may finally have encountered a scandal he is unable to outrun. View image in fullscreen Peter Mandelson receives Keir Starmer at the US ambassador’s residence in Washington DC in February 2025. Photograph: Carl Court/Reuters Mandelson’s relationship with the financier was professional and personal - intimate even - with the boundaries between the two blurred to the point of being non-existent. When the Labour peer believed that his then-partner, now husband, Reinaldo Avila da Silva had gained access to his text messages in March 2010, it was to Epstein that he turned for help. “I have had v bad setback with R who has somehow got into my texts,” wrote Mandelson, who by then was already number two in the UK government. “What shall I do? You may need to help. How does he see them?” Epstein responded: “This email is probably compromised as well, lets tal...

Iranian President Masoud Pezeshkian has ordered the start of nuclear talks with the United States, local media said on Monday, after US leader Donald Trump said he was hopeful of a deal to avert military action against the Islamic Republic. Following the Iranian authorities’ deadly response to anti-government protests that peaked last month, Trump has threatened military action and ordered the dispatch of an aircraft carrier group to the Middle East. Trump has maintained he is hopeful of making a deal and Tehran has also insisted it wants diplomacy, while vowing an unbridled response to any aggression. Advertisement “President Pezeshkian has ordered the opening of talks with the United States” on Iran’s nuclear programme, the Fars news agency reported on Monday, citing an unnamed government source. The report was also carried by the government newspaper and the reformist daily Shargh. US news site Axios cited two unnamed sources saying Iranian Foreign Minister Abbas Araghchi was expected to meet with US envoy Steve Witkoff on Friday in Istanbul to discuss a possible deal on the nuclear file. Advertisement Trump had warned “time is running out” for Iran to reach a deal on its nuclear programme, which the West believes is aimed at making an atomic bomb, a claim Tehran has repeatedly denied.

TLDR Oracle announces $45-50 billion fundraising initiative in 2026, equally split between debt and equity, to build cloud infrastructure for AI clients Cost to insure Oracle’s debt has surged from $40 to $153.90 per $10,000, matching financial crisis-era levels Oracle shares have plunged 36% in three months, dropping from over $300 to $164.58 Both S&P and Moody’s issued negative credit outlooks citing cloud spending’s effect on cash flow Bondholders filed lawsuit in January alleging Oracle concealed its debt requirements for AI infrastructure expansion Oracle revealed plans to raise $45-50 billion during 2026 to expand its cloud computing capabilities. The company will split the massive fundraising equally between debt instruments and equity offerings. Oracle Corporation, ORCL The announcement comes as Oracle races to meet contracted demand from major technology players. Key customers include OpenAI, Meta Platforms, Nvidia, Advanced Micro Devices, TikTok, and xAI. Oracle already holds approximately $100 billion in long-term debt as of November. The additional borrowing arrives as market skepticism around AI infrastructure spending intensifies. Debt Insurance Costs Skyrocket The cost to protect against Oracle default has exploded in recent months. Five-year credit default swaps now cost $153.90 annually to insure $10,000 of debt. This marks a dramatic jump from roughly $40 at the end of July. Current levels haven’t been seen since the 2008-09 financial crisis. Oracle’s debt has essentially become a proxy for broader AI market confidence. Investors are increasingly nervous about the company’s growing dependence on unprofitable customers like OpenAI. Credit rating agencies are taking notice. Both S&P and Moody’s issued negative outlooks for Oracle in recent months. Their concerns center on how cloud infrastructure investments are squeezing free cash flow. Equity and Debt Mix Oracle plans to raise approximately half its 2026 funding through equity-related offerings. Th...

Claude 5 Will Probably Launch In Q1: Here's What GOOGL, NVDA, AMZN Investors Should Know Benzinga

At Holdings Channel, we have reviewed the latest batch of the 26 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Marathon Petroleum Corp. (Symbol: MPC) was held by 11 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen. Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in MPC positions, for this latest batch of 13F filers: In terms of shares owned, we count 4 of the above funds having increased existing MPC positions from 09/30/2025 to 12/31/2025, with 3 having decreased their positions and 2 new positions. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the MPC share count in the aggregate among all of the funds which held MPC at the 12/31/2025 reporting period (out of the 2,930 we looked at in total). We then compared that number to the sum total of MPC shares those same funds held back at the 09/30/2025 period, to see how the aggregate share count held by hedge funds has moved for MPC. We found that between these two periods, funds increased their holdings by 342,169 shares in the aggregate, from 50,405,794 up to 50,747,963 for a share count increase of approximately 0.68%. The overall top three funds...

Palantir Technologies Shares Rise After William Blair Upgrade marketscreener.com

Quantum stocks, including IonQ (IONQ), have sunk sharply in recent days as a number of factors, including disappointment in Microsoft's (MSFT) quarterly results, have made the Street averse to high-risk stocks in general and high-risk tech names in particular. IONQ has a great deal of potential. But because the decline of high-risk tech names looks poised to continue in the short term and quantum computing is still in its early stages, I would not advise investors to buy IONQ stock at this point. Also making me cautious about IONQ is the fact that its valuation remains quite stratospheric despite the recent downturn of its shares. About IONQ IonQ produces and markets quantum technologies, including quantum computers and related software. In the last several months, it has made multiple acquisitions, including Seed Innovation, which has “expertise in machine learning (ML), advanced software architecture, and cloud migration,” according to IonQ. In November, the quantum-computing firm disclosed that it had agreed to purchase Skywater Technology for about $1.8 billion in cash and stock. SkyWater, which has multiple chip factories and customers in the aerospace and industrial sectors, is expected to enable IonQ to launch its upcoming products more quickly. Additionally, the quantum firm hopes to sell its offerings to SkyWater's customers. Among IonQ's current customers are Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Airbus, Hyundai, the National Quantum Computing Centre, and the Los Alamos National Laboratory. In the third quarter of 2025, the company's revenue jumped to $39.87 million, up 92.7% versus the same period a year earlier. However, its net loss soared to $1.05 billion from $52.5 million in Q3 of 2024. Analysts' average estimate calls for the company's per-share loss to narrow to -$1.74 this year from -$5.08 in 2025. IONQ stock has a market capitalization of $13.9 billion and a price-to-sales (P/S) ratio of 124x. High Potential and High Risk Many huge tech comp...

Guido Mieth/DigitalVision via Getty Images Market Review In the fourth quarter of 2025, equity markets produced modestly positive returns, supported by generally upbeat earnings reports from companies, continued solid economic data, and a more accommodating Fed. This capped a strong year for equity markets in 2025. Despite economic fears and uncertainty causing a market pullback early in the year, 2025 was the third straight year of double-digit gains for US equities. Shortly after President Trump’s inauguration, the new administration embarked on many new initiatives that quickly created uncertainty for the global economy, causing market volatility and weak equity performance in late February and throughout March. Following the announcement of sweeping tariffs in early April, the markets experienced a significant two-day selloff, with most indices approaching or entering bear market territory. However, sentiment reversed almost instantly after a 90-day tariff reprieve announcement and further supported by country-specific trade deal progress. This kick-started a strong rally that continued for the next six months and was buoyed by macroeconomic stability, cooling inflation, Fed rate cuts, and fiscal stimulus from the OBBB, among others. While Big Tech led for most of the year, there were signs of the market broadening out as the market recovered. In large caps, the S&P Equal-Weighted Index beat the overall benchmark by 238bps from October 29 th , and the Russell 2000 Index outperformed the Russell 1000 Index by 400bps from the April 8 th low (Source: Jefferies). Active managers faced a challenging environment in 2025. According to data from Steven DeSanctis at Jefferies, 2025 was the 2 nd biggest underperformance by all active managers in the history of their data, along with the 2 nd lowest batting average. Since the April 8 th low, the average small cap growth manager trailed the Russell 2000 Growth Index by 809bps. For the year, only 19% of small growth managers...

There's a harsh reality setting in for global automakers that have dipped their toes, or gone all-in, into the electric vehicle (EV) industry. That reality is that Chinese EV makers are quite far advanced in EV technology and supply chains, all while severely undercutting global pricing. Roughly half of China's new-vehicle market is already generated by EVs, far ahead of the global market share, and the brands are rapidly exporting and expanding around the globe. Nio (NYSE: NIO) is a premium Chinese EV manufacturer that has expanded its number of brands quickly, but it also has one massive uncertainty for potential investors: its battery swap network. It's easy to understand why investors are intrigued by Nio. When considering EV investments broadly, investors might be quick to jump toward leading Chinese automakers such as BYD , which has overtaken Tesla in global sales, or Nio, which has positioned itself in the premium market and then branched out to more affordable models to boost sales volume. Continue reading

Moelis & Company provides advisory services for mergers, restructurings, and capital markets deals to clients worldwide. On February 2, Capital Management Corp disclosed an 80,297-share buy of Moelis & Company (MC +0.71%), an estimated $5.36 million trade based on quarterly average pricing. What happened According to a SEC filing dated February 2, Capital Management Corp increased its holding in Moelis & Company by 80,297 shares during the fourth quarter. The estimated value of shares acquired is $5.36 million based on the average closing price for the period. The quarter-end value of the holding rose by $4.93 million, a figure that captures both the share increase and changes in the stock price. What else to know The purchase brought the fund’s holding in Moelis & Company to 3.48% of 13F reportable AUM. Top five holdings after the filing: NASDAQ:IDCC: $37.12 million (6.1% of AUM) NYSE:PBI: $30.97 million (5.1% of AUM) NYSE:GTN: $29.76 million (4.9% of AUM) NASDAQ:NXST: $25.92 million (4.2% of AUM) NYSE:AEM: $22.72 million (3.7% of AUM) As of February 2, shares of Moelis & Company were priced at $72.21, down 8% over the past year and well underperforming the S&P 500’s roughly 15% gain in the same period. Company overview Metric Value Price (as of February 2) $72.21 Market Capitalization $5.4 billion Revenue (TTM) $1.47 billion Net Income (TTM) $234.57 million Company snapshot Moelis & Company provides investment banking advisory services, including mergers and acquisitions, recapitalizations, restructurings, and capital markets transactions. The investment bank generates revenue primarily through advisory fees from corporate finance transactions and strategic financial services. It serves multinational corporations, middle-market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds globally. Moelis & Company is a global investment banking advisory firm with a strong presence across major financial markets. The company leverag...

lcva2 PepsiCo ( PEP ) is scheduled to report its results for the fourth quarter on Tuesday, before the market opens. Wall Street expects the company to post EPS of about $2.24, implying a 14.3% rise on a revenue of $28.97B, up 4.3% year over year. The beverage giant has seen heightened activity across strategy, products, costs, and governance. During the period, the company outlined plans to review its North America supply chain and cut costs following talks with activist investor Elliott Management. PepsiCo also announced new product initiatives, including preparations for a prebiotic drink launch, ambitions to scale Poppi into a billion-dollar brand, and broader innovation and cost priorities heading into 2026 amid a leadership transition. The quarter was also marked by sustained investor, regulatory, and legal scrutiny. Elliott Management, which disclosed a multibillion-dollar stake, pushed for changes including cost reductions, portfolio actions, and a potential review of the company’s bottling operations, with reports later indicating the activist was close to a settlement with PepsiCo. Separately, PepsiCo was named alongside Walmart in a proposed U.S. consumer class action alleging price-fixing and discriminatory pricing practices , which the company denied, while also resolving a lawsuit tied to Gatorade bar health claims. Broader industry developments involved pricing pressure, private-label competition, sustainability and plastics-reduction commitments , artificial ingredient reformulation, and shifting consumer preferences toward functional and lower-sugar beverages. According to Seeking Alpha’s Quant Rating system, PepsiCo is rated Hold. The company holds an A+ grade in profitability, while valuation and growth are both graded D+. An analyst said PepsiCo’s more capital-intensive structure and higher leverage “bring into serious question the ability to continue expanding dividends at historical rates,” adding that Coca-Cola offers a more attractive setup d...