Kira-Yan/iStock Editorial via Getty Images Last time I covered Meta Platforms, Inc. ( META ) back in August, when I published my most recent bullish article on the company. In that article, I argued that the company’s massive bets on AI were likely going to transform the business for the better. While the company’s stock has since that time depreciated by ~25%, the business itself has never been i...
Kira-Yan/iStock Editorial via Getty Images Last time I covered Meta Platforms, Inc. ( META ) back in August, when I published my most recent bullish article on the company. In that article, I argued that the company’s massive bets on AI were likely going to transform the business for the better. While the company’s stock has since that time depreciated by ~25%, the business itself has never been in a stronger position than it is today. The recent earnings report exceeded expectations, the AI investments are beginning to yield decent returns, and the guidance for Q1 suggests that Meta still has plenty of room for growth. While the stock took a beating in the last couple of months, I attribute that more to the worsening of the overall macro environment and not to the company-specific developments. Because of that, I remain optimistic about Meta’s future despite the recent underperformance of its shares. There's Nothing Not To Like About Meta The latest earnings report that was released earlier this year showed that Meta’s business is thriving. In Q4, the revenues increased by 23.8% Y/Y to $59.89 billion and exceeded the expectations by $1.42 billion. Thanks to such results, Meta was able to generate over $200 billion in annual revenues for the first time in its history. While the operating margin decreased from 48% to 41% in Q4 due to the rising costs primarily caused by the increase in spending on AI, I’m not viewing this as a major red flag. After all, all that spending on AI and its advertising engine is already starting to yield some decent results for Meta. During the latest earnings call , Meta’s management noted that the ad impressions were up 18%, while the average price per ad was up 6%, thanks to the better performance of ads. The ad clicks and conversions have also improved as Meta doubled the GPU training capacity for its GEM recommendation model last quarter. More importantly, the company has also redistributed ads across users and sessions on Facebook in...
Grandbrothers/iStock Editorial via Getty Images Brazilian aircraft manufacturer Embraer ( EMBJ ) said Monday that Chief Financial Officer Antonio Carlos Garcia has stepped down from his role. The company added that Chief Executive Officer Francisco Gomes Neto will temporarily take over the finance chief’s responsibilities while a successor is identified. Shares of Embraer ( EMBJ ) were little chan...
Grandbrothers/iStock Editorial via Getty Images Brazilian aircraft manufacturer Embraer ( EMBJ ) said Monday that Chief Financial Officer Antonio Carlos Garcia has stepped down from his role. The company added that Chief Executive Officer Francisco Gomes Neto will temporarily take over the finance chief’s responsibilities while a successor is identified. Shares of Embraer ( EMBJ ) were little changed Monday. More on Embraer Embraer S.A. (EMBJ) Finnair Oyj, - M&A Call - Slideshow Embraer S.A. (EMBJ) M&A Call Transcript Embraer: Stock Tumbles After Earnings, But Disappointing Guidance Hides A Strong Buy Embraer to showcase KC-390 and A-29 aircraft at Chile air show Embraer tests KC-390 in arctic conditions during Sweden campaign
The war in Iran has sent demand for US oil from overseas toward record levels, bolstering President Donald Trump’s push for “American energy dominance.” But as shipments surge, exports are beginning to run up against their practical limits. Constraints in infrastructure and supply are likely to keep US oil flows well below headline capacity figures often cited at around 10 million barrels a day. T...
The war in Iran has sent demand for US oil from overseas toward record levels, bolstering President Donald Trump’s push for “American energy dominance.” But as shipments surge, exports are beginning to run up against their practical limits. Constraints in infrastructure and supply are likely to keep US oil flows well below headline capacity figures often cited at around 10 million barrels a day. Traders and analysts say the system can’t realistically sustain anything close to that level. Under current conditions, they point to a more plausible ceiling of under 6 million barrels a day — or even lower. Exports are already moving quickly toward that range. Flows are expected to approach 5 million barrels a day in April and likely top that in May. Buyers, especially in Asia, are looking for alternative supplies after the war in Iran disrupted Middle East exports and snarled flows through the Strait of Hormuz. Read More: US Crude Exports Set for Record as Asian Buyers Snap Up Supplies Still, there’s a limit to how much exports can grow. The biggest logistical barrier currently stems from shipping, Julian Renton, an analyst at East Daley Analytics, said, noting that price signals suggest US barrels are competing for placement in global markets rather than struggling to reach export terminals. “The main constraint appears to be at the maritime export interface rather than inland infrastructure, with limits around vessel availability and offshore loading increasingly shaping how much crude can leave the US Gulf Coast,” Renton said. Freight costs for very large crude carriers, known as VLCCs, have surged, with some routes seeing records . That’s creating a meaningful drag on export economics even as dock and pipeline capacity remain available. The other issue comes from offshore logistics, particularly lightering operations used to fully load those massive ships. Costs for lightering — the process of transferring cargo between tankers — have soared as much as tenfold in rece...
It's common to hear misguided arguments for buying Bitcoin (CRYPTO: BTC) that boil down to someone having a price target that sounds high. Those forecasts might prove right, but they often depend on assumptions that are somewhat speculative by nature. But there's a bull case for this asset that requires no faith in specific valuations, and if you're holding or thinking of buying the coin, you shou...
It's common to hear misguided arguments for buying Bitcoin (CRYPTO: BTC) that boil down to someone having a price target that sounds high. Those forecasts might prove right, but they often depend on assumptions that are somewhat speculative by nature. But there's a bull case for this asset that requires no faith in specific valuations, and if you're holding or thinking of buying the coin, you should probably know about it, so let's check it out. Image source: Getty Images. Continue reading
This year could be a big one in the world of IPOs. One of the biggest companies to potentially go public in 2026 is OpenAI, the company behind ChatGPT. It's an enticing opportunity for investors to snag shares of what's become one of the most exciting companies in recent years. Meanwhile, artificial intelligence (AI) stocks have been coming under pressure this year. Many of them have been coming o...
This year could be a big one in the world of IPOs. One of the biggest companies to potentially go public in 2026 is OpenAI, the company behind ChatGPT. It's an enticing opportunity for investors to snag shares of what's become one of the most exciting companies in recent years. Meanwhile, artificial intelligence (AI) stocks have been coming under pressure this year. Many of them have been coming off some terrific gains in recent years and may arguably be due for some adjustments in their valuations. Tech giant Nvidia (NASDAQ: NVDA) , for instance, is up around 1,200% in just the past five years. Are you better off holding off on investing in Nvidia or any AI stocks right now and instead just buying OpenAI stock when it becomes available? Continue reading
Grand Warszawski Playtika ( PLTK ) shares have been jolted out of a months-long sideways trade after the company disclosed that a special committee has been formed to consider “strategic alternatives" across its portfolio. The development was widely viewed as a search for a buyer, though there are no assurances of this outcome since it is the second time since 2022 that the company has embarked on...
Grand Warszawski Playtika ( PLTK ) shares have been jolted out of a months-long sideways trade after the company disclosed that a special committee has been formed to consider “strategic alternatives" across its portfolio. The development was widely viewed as a search for a buyer, though there are no assurances of this outcome since it is the second time since 2022 that the company has embarked on a strategic review. However, if the company is looking for a suitor, it shouldn’t have trouble finding a buyer given its strong finish to 2025. Playtika ( PLTK ) reported record free cash flow, a solid profit margin, record direct-to-consumer contribution (now contributing more than a third to its revenue), and new revenue-generating games. Additionally, strong player retention and the growing value of its direct-to-consumer users should enhance its appeal to a potential buyer. While its slots portfolio is losing traction, it's more than offset by strength in SuperPlay, Bingo Blitz, and Disney Solitaire, which continue to support resilient cash flow and shareholder returns. But with shares down more than 35% year-over-year, why is investor sentiment so negative? Seeking Alpha analysts argue that Playtika’s ( PLTK ) value understates its fundamentals…a good setup for a buyer. “Valuation is way out of sync with what’s actually happening in the business. Using the consensus 2026 EPS of $0.57 and a pretty basic 10 to 12 times multiple, you get a fair value between $5.70 and $7.08,” says Seeking Alpha analyst Motti Sapir. That’s about 108% to 158% higher than Friday’s closing price. “Wall Street’s missing how much cash these games keep making and how the new titles might really move the needle,” Sapir adds. Agrees Seeking Alpha analyst Ricardo Weder. “Playtika is executing a successful pivot of legacy social casino games to a high-growth casual games platform, creating an undervalued opportunity.” According to Weder, Playtika ( PLTK ) is making a massive pivot from their old “c...
May arabica coffee (KCK26 ) today is up +3.10 (+1.05%), and May ICE robusta coffee (RMK26 ) is not trading today, with UK markets closed for the Easter Monday holiday. Arabica coffee is moving higher today amid strength in the Brazilian real (^USDBRL ). The real rose to a 3.5-week...
May arabica coffee (KCK26 ) today is up +3.10 (+1.05%), and May ICE robusta coffee (RMK26 ) is not trading today, with UK markets closed for the Easter Monday holiday. Arabica coffee is moving higher today amid strength in the Brazilian real (^USDBRL ). The real rose to a 3.5-week...
lyash01/iStock via Getty Images Cheniere Energy ( LNG ) said Monday that President and CEO Jack Fusco also will assume the role of Chairman, as Andrea Botta plans to retire as Chairman effective May 14 and Patricia Collawn will become the Lead Director. Fusco has served as Cheniere's ( LNG ) President and CEO since May 2016 and as a director since June 2016. " My foremost priorities are maintainin...
lyash01/iStock via Getty Images Cheniere Energy ( LNG ) said Monday that President and CEO Jack Fusco also will assume the role of Chairman, as Andrea Botta plans to retire as Chairman effective May 14 and Patricia Collawn will become the Lead Director. Fusco has served as Cheniere's ( LNG ) President and CEO since May 2016 and as a director since June 2016. " My foremost priorities are maintaining our track record of safety and operational excellence while advancing accretive brownfield growth across Sabine Pass and Corpus Christi to support global energy markets with our secure and reliable LNG for decades to come," Fusco said. Separately, Cheniere's ( LNG ) Sabine Pass liquefied natural gas plant in Louisiana reduced flows of liquefied natural gas after an outage at one of its production units, Reuters reported Thursday. Sabine Pass, the largest U.S. LNG plant, can process more than 5 Bcf/day of gas, but it asked to receive only 2.6 Bcf on Thursday, LSEG data showed. The outage comes amid tight worldwide supply for LNG, with ~20% of global capacity offline as a result of the Middle East war that has forced Qatar to shut in production. More on Cheniere Energy Cheniere's Long-Term Boost From Global LNG Disruptions Largely Priced Into Stock Cheniere Energy: The Biggest Win Is Not Spot Price Arbitrage Cheniere Energy: LNG Demand, AI Power Needs And Buybacks Support Long-Term Upside
designer491/iStock via Getty Images We have personally traded Reinsurance Group of America, Incorporated ( RGA ), multiple times during the last five years. At times, it has even been our largest holding . All of our trades have been on the long side, and our confidence in this business has been rewarded with rich dividends (figuratively and literally). As its name indicates, RGA is in the busines...
designer491/iStock via Getty Images We have personally traded Reinsurance Group of America, Incorporated ( RGA ), multiple times during the last five years. At times, it has even been our largest holding . All of our trades have been on the long side, and our confidence in this business has been rewarded with rich dividends (figuratively and literally). As its name indicates, RGA is in the business of reinsurance, with a focus on life and health reinsurance products. Why do insurers need insurance? RGA Website RGA is one of the largest of its kind globally, with a presence in over 100 countries spanning 6 continents. As of the end of last year, it had around $4.3 trillion of life reinsurance in force and close to $157 billion in assets. Company Website We first covered this company on this platform back in 2021, when it was our largest position. Seeking Alpha Over time, we moved from the common stock to the baby bonds issued by this reinsurer. We spoke about Reinsurance Group of America, Incorporated SB DB FX/FL56 ( RZB ) in our June 2025 piece , where we detailed our rationale for taking a sizeable position in it. We have since sold out of it profitably. Today we will talk about one of its siblings. Reinsurance Group of America, Incorporated NT CAL 52 ( RZC ) This baby bond will be a familiar name to those that read our piece back in November 2022. Issued in 2020, RZC's coupon is 7.125%. It matures on October 15, 2052, but can be redeemed at any time after October 15, 2027, which is also its rate reset date. The debentures will bear interest (i) from and including the date of original issue to, but excluding, October 15, 2027 (the “First Reset Date”) at the fixed rate of 7.125% per annum and (ii) from, and including, the First Reset Date, during each Reset Period, at a rate per annum equal to the Five-Year Treasury Rate as of the most recent Reset Interest Determination Date plus 3.456% to be reset on each Reset Date. Source: RZC Prospectus If the baby bond is not ...