Source: Bloomberg, 3:06

Image source: The Motley Fool. Tuesday, Jan. 28, 2025 at 8:30 a.m. ET Call participants Chairman, President, and Chief Executive Officer — John W. Bordelon Senior Executive Vice President and Chief Financial Officer — David T. Kirkley Operator Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Net income -- $9.7 million, or $1.21 per share, for the quarter. -- $9.7 million, or $1.21 per share, for the quarter. Net interest margin (NIM) -- Expanded for the third consecutive quarter to 3.82%, driven by a 15 basis point decline in the cost of interest-bearing liabilities and a higher mix of non-interest-bearing deposits. -- Expanded for the third consecutive quarter to 3.82%, driven by a 15 basis point decline in the cost of interest-bearing liabilities and a higher mix of non-interest-bearing deposits. Loan growth -- 7.5% annualized in the fourth quarter and 5.3% for the full year, with commercial real estate, construction, and multi-family loans accounting for most of the $50 million quarterly increase. -- 7.5% annualized in the fourth quarter and 5.3% for the full year, with commercial real estate, construction, and multi-family loans accounting for most of the $50 million quarterly increase. Loan originations -- $50 million in the fourth quarter, with a blended yield of 7.75%, approximately 130 basis points above the current portfolio yield. -- $50 million in the fourth quarter, with a blended yield of 7.75%, approximately 130 basis points above the current portfolio yield. Deposits -- Grew by 4.1% in 2024, with a shift toward money market accounts and certificates of deposit; non-interest-bearing deposits declined slightly but remain 26% of total deposits. -- Grew by 4.1% in 2024, with a shift toward money market accounts and certificates of deposit; non-interest-bearing deposits declined slightly but remain 26% of total deposits. Loan to deposit ratio -- Ended the quarter at 97.8%. -- Ended the quarter at 97.8%. Net interest income -- $31....

Image source: The Motley Fool. Monday, January 26, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman and Co-Chief Executive Officer — Byron Boston Co-Chief Executive Officer and President — Smriti Popenoe Chief Financial Officer — Rob Colligan Chief Investment Officer — T.J. Connelly Head of Capital Markets — Mike Sartori Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Shareholder Return -- 67% for the decade ending December 31, 2025, translating to an annualized 9% rate with dividends reinvested. -- 67% for the decade ending December 31, 2025, translating to an annualized 9% rate with dividends reinvested. 2025 Total Shareholder Return -- 29.4%, comprised of both dividend income and share price gains in a year described by management as marked by policy and rate volatility. -- 29.4%, comprised of both dividend income and share price gains in a year described by management as marked by policy and rate volatility. Equity Market Capitalization -- $3 billion as of the prior week, including preferred shares, nearly tripling over thirteen months. -- $3 billion as of the prior week, including preferred shares, nearly tripling over thirteen months. Capital Raised and Invested -- Over $1.5 billion raised in the past thirteen months, with more than $1 billion deployed in 2025 and nearly $350 million raised during early January 2026. -- Over $1.5 billion raised in the past thirteen months, with more than $1 billion deployed in 2025 and nearly $350 million raised during early January 2026. Portfolio Size Progression -- $9.8 billion at start of 2025, increasing to $15.8 billion in September and ending the year at $19.4 billion; post-year-end portfolio currently stands at $22 billion in TBAs and mortgages. -- $9.8 billion at start of 2025, increasing to $15.8 billion in September and ending the year at $19.4 billion; post-year-end portfolio currently stands at $22 billion in TBAs and mortgages. Book Value Increase -- 75¢ growth for the year, resultin...

文章提及标的 伦敦银 -- 现货白银日内涨幅扩大至10%，报113.53美元/盎司。

A surge in AI data center spending is straining the global memory chip market, driving prices higher and setting up a shortage that industry leaders expect to last through at least 2027. The aggressive investment in artificial intelligence infrastructure has sharply increased demand for memory chips, especially high-bandwidth memory used in AI servers. As tens of billions of dollars flow into data centers, the memory supply has shifted heavily toward AI workloads, leaving fewer chips available for consumer electronics such as smartphones, PCs, and laptops. Industry Leaders Warn of Prolonged Shortage Sassine Ghazi, CEO of Synopsys, Inc. (NASDAQ:SNPS) , told CNBC on Monday that most output from leading memory suppliers is now absorbed by AI infrastructure, crowding out other end markets. "Now it's a golden time for the memory companies," Ghazi said. Financial markets are already reflecting the shift. Micron Technology, Inc. (NASDAQ:MU) is up over 328% in the past year, while SK Hynix and Samsung Electronics Co., Ltd (OTC:SSNLF) have posted strong gains in 2026. He said the industry lacks spare capacity, creating shortages across non-AI products. Ghazi said the current chip crunch is likely to persist through 2026 and 2027 because expanding memory manufacturing takes at least two years to bring new capacity online. Leading memory producers Samsung, SK Hynix, and Micron are working to expand production, but near-term relief remains limited. Rising Prices Pressure Electronics Makers Rising memory prices are already pushing electronics makers to consider price increases. Ghazi said higher prices are already taking effect. Lenovo Group Ltd. (OTC:LNVGY) CFO Winston Cheng also said demand continues to exceed supply, and manufacturers are positioned to pass higher costs along. He noted that ongoing PC upgrades tied to Microsoft Corp.'s (NASDAQ:MSFT) Windows 11 release continue to support demand, even as cost pressures build across the industry. Samsung and SK Hynix Battle for...

It's official. Oracle owns part of American TikTok now. Oracle (ORCL +3.64%) stock jumped 3% through 10:40 a.m. ET Monday after publication of an internal memo to employees from TikTok CEO Shou Chew -- confirming the TikTok U.S. deal is done. Oracle, alongside private equity firm Silver Lake and Abu Dhabi-based MGX, now collectively owns 45% of TikTok U.S. Non-Chinese ownership totals 80%, with 20% of the new joint venture remaining under control of Chinese parent company ByteDance. What does the TikTok memo say? As Business Insider reported today, the memo (circulated on Thursday) confirms that "TikTok USDS Joint Venture LLC has been established in compliance with the Executive Order signed by President Trump on September 25, 2025." The joint venture is "majority American owned" and "will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software assurances for US users." The Chinese side of the joint venture appears to be a ByteDance subsidiary called "TT Commerce & Global Services LLC." The company's board of directors has appointed Adam Presser to run the JV. According to his LinkedIn profile, Mr. Presser has been with TikTok for nearly 4 years and was formerly head of Warner Bros. Entertainment's subsidiary, WarnerMedia China, Austria & New Zealand. Expand NYSE : ORCL Oracle Today's Change ( 3.64 %) $ 6.45 Current Price $ 183.61 Key Data Points Market Cap $509B Day's Range $ 178.61 - $ 185.25 52wk Range $ 118.86 - $ 345.72 Volume 442K Avg Vol 25M Gross Margin 65.40 % Dividend Yield 1.13 % What does this mean for Oracle stock? At this early date, it's unclear how good this news is for Oracle -- although the fact that Oracle has been actively pursuing an ownership stake in TikTok U.S. for the last few years suggests that Oracle, at least, will think this is good news. At a valuation of 33 times trailing earnings, and a forecast growth rate of 23%, Oracle stock doesn'...

Why Oracle Stock Just Popped The Motley Fool

Wizz Air's ( WZZZY ) UK subsidiary has formally applied to the U.S. Department of Transportation for an exemption and a foreign air carrier permit that would allow it to operate both charter and scheduled services between the UK and the U.S. The filing from the UK airline does not specify routes or launch dates but seeks broad rights for passenger and cargo operations, which is considered a signal that the company intends to establish a flexible platform for low-cost transatlantic flying once approvals are granted. Initial plans from Wizz Air's ( WZZZY ) highlight passenger charter operations using the Airbus ( EADSF ) ( EADSY ) A321 fleet, including long-range A321XLRs, but the carrier also wants full scheduled authority so it can move quickly into regular services without a second regulatory process. Wizz Air ( WZZZY ) applied for a cargo-focused U.S. permit attempt in 2022 that was ultimately rejected after opposition from pilot unions/ Looking at the big picture, Wizz Air ( WZZZY ) is pursuing an aggressive expansion agenda centered on leveraging its ultra-low-cost model and a rapidly growing Airbus A321neo-family fleet to deepen its European footprint while also selectively opening new long-haul niches. Wizz Air ( WZZZY ) now operates more than 1,000 routes to around 200 destinations in over 50 countries and has grown its fleet past 250 aircraft, with a long-term ambition to reach roughly 500 aircraft by the end of the decade. Management is targeting about 20% growth in 2026 as additional Airbus jets arrive and previously grounded aircraft return to service, with network build-out focused on strengthening connectivity between Western Europe and high-growth markets in Central and Eastern Europe. More on Wizz Air Wizz Air Holdings Plc 2026 Q2 - Results - Earnings Call Presentation Wizz Air Holdings Plc (WZZZY) Q2 2026 Earnings Call Transcript Seeking Alpha’s Quant Rating on Wizz Air Holdings Plc Historical earnings data for Wizz Air Holdings Plc Financial informa...

微软 于周一发布自研第二代人工智能芯片，同时推出配套软件工具，剑指英伟达在开发者群体中最大的一项竞争优势。 微软方面表示，新款芯片名为 “玛雅 200”（Maia 200），本周将率先在美国艾奥瓦州的一座数据中心投入使用，后续计划在亚利桑那州增设第二个部署地点。该芯片是微软 2023 年推出的玛雅系列人工智能芯片的第二代产品。 当下，微软、字母表旗下 谷歌 以及 亚马逊 旗下亚马逊云科技等一众头部云计算企业，均在发力自研芯片，与英伟达的竞争日趋激烈 —— 而这些企业恰恰是英伟达的核心客户群体，玛雅 200 芯片的问世正是这一趋势的缩影。 其中，谷歌的动作尤为引人关注。元宇宙平台公司等英伟达的大型客户正与谷歌展开深度合作，力求填补谷歌与英伟达在人工智能芯片软件生态上的核心差距。 微软则透露，在推出新款玛雅芯片的同时，还将配套发布一套芯片编程软件工具包。该工具包包含开源软件工具 Triton，ChatGPT 研发方 OpenAI 为这款工具的开发作出了重要贡献。Triton 的功能与英伟达的 CUDA 软件相匹敌，而不少华尔街分析师认为，CUDA 正是英伟达最核心的竞争优势所在。 与英伟达本月初发布的旗舰级 “薇拉・鲁宾”（Vera Rubin）芯片一样，微软的玛雅 200 芯片同样由 台积电 采用 3 纳米制程工艺打造，且均搭载高带宽内存芯片。不过，玛雅 200 所使用的高带宽内存芯片，在代际上要落后于英伟达即将推出的新款芯片，相应的运行速度也更慢。 与此同时，微软还借鉴了英伟达部分新兴竞争对手的技术路线，为玛雅 200 芯片配备了大容量的静态随机存取存储器（SRAM）。这种存储器能够让聊天机器人及其他人工智能系统在应对海量用户并发请求时，具备显著的速度优势。 近期与 OpenAI 达成 100 亿美元算力供应协议的赛睿博系统公司（Cerebras Systems），正是这项技术的重度应用者；另一家初创企业格罗克公司（Groq）也不例外 —— 有报道称，英伟达曾以 200 亿美元的价格，向该公司授权相关技术。 责任编辑：郭明煜

AMD's 'Strix Halo' (ie, Ryzen AI Max 300) chips have been a bit of a damp squib for gaming. Despite some initial and possibly naïve hopes that it could deliver fantastic integrated graphics for mainstream gaming laptops and handhelds, in reality it's been out for a year and has delivered only a little. Instead, it's primarily been found in weird hybrid tablets, ridiculously expensive handhelds, and a select few similarly expensive workstation laptops. It looks like that might soon change, though. Lenovo has been cooking up some new gaming laptops, some of which it showed off for CES 2026 (including one with a rollable screen), and it's just hinted that a Strix Halo laptop might be in the works. Specifically, a 'Lenovo Legion 7 15ASH11', which was for a while listed as a supported model for its Legion Space software (via VideoCardz). This is the Lenovo Legion 9i Gen 10, featuring an Intel Core Ultra 9 275HX and Nvidia RTX 5080 mobile. (Image credit: Future) Note the 'ASH' there, which presumably stands for 'AMD Strix Halo.' It's noteworthy that although VideoCardz shows this model listed in a screenshot, it looks like Lenovo has now deleted this entry in addition to a couple of others, including the 'Legion 7 15N1X11'. This model presumably refers to a laptop featuring N1X, a long-anticipated Arm-based Nvidia CPU that's rumoured to launch very soon. The thing is, though, based on what we've seen of Strix Halo so far, if Lenovo does launch a gaming laptop featuring the chip, we can expect it to be very expensive. And that was the case even before the memory shortage and resultant apocalyptic prices. Saying that, though, there's a chance the new laptop could feature the similarly new Strix Halo chip that was just announced at CES 2026. We're all hoping that one will be cheaper than the other, beefier Strix Halo chips that are already out there, because it gets rid of half of the CPU cores but keeps all the GPU cores. Which might not be so great for workstations but wou...

Today, we’re proud to introduce Maia 200, a breakthrough inference accelerator engineered to dramatically improve the economics of AI token generation. Maia 200 is an AI inference powerhouse: an accelerator built on TSMC’s 3nm process with native FP8/FP4 tensor cores, a redesigned memory system with 216GB HBM3e at 7 TB/s and 272MB of on-chip SRAM, plus data movement engines that keep massive models fed, fast and highly utilized. This makes Maia 200 the most performant, first-party silicon from any hyperscaler, with three times the FP4 performance of the third generation Amazon Trainium, and FP8 performance above Google’s seventh generation TPU. Maia 200 is also the most efficient inference system Microsoft has ever deployed, with 30% better performance per dollar than the latest generation hardware in our fleet today. Maia 200 is part of our heterogenous AI infrastructure and will serve multiple models, including the latest GPT-5.2 models from OpenAI, bringing performance per dollar advantage to Microsoft Foundry and Microsoft 365 Copilot. The Microsoft Superintelligence team will use Maia 200 for synthetic data generation and reinforcement learning to improve next-generation in-house models. For synthetic data pipeline use cases, Maia 200’s unique design helps accelerate the rate at which high-quality, domain-specific data can be generated and filtered, feeding downstream training with fresher, more targeted signals. Maia 200 is deployed in our US Central datacenter region near Des Moines, Iowa, with the US West 3 datacenter region near Phoenix, Arizona, coming next and future regions to follow. Maia 200 integrates seamlessly with Azure, and we are previewing the Maia SDK with a complete set of tools to build and optimize models for Maia 200. It includes a full set of capabilities, including PyTorch integration, a Triton compiler and optimized kernel library, and access to Maia’s low-level programming language. This gives developers fine-grained control when needed...

Image source: The Motley Fool. Thursday, October 24, 2024 at 8:45 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jim Vena Chief Financial Officer — Jennifer Hamann Executive Vice President, Marketing & Sales — Kenny Rocker Executive Vice President, Operations — Eric Gehringer TAKEAWAYS Net Income -- $1.7 billion, a 9% increase, reflecting higher volumes, operational efficiencies, and strong cost controls. -- $1.7 billion, a 9% increase, reflecting higher volumes, operational efficiencies, and strong cost controls. Earnings Per Share -- $2.75, up 10%, driven by improved operating income and a lower average share count. -- $2.75, up 10%, driven by improved operating income and a lower average share count. Operating Revenue -- $6.1 billion, rising 3%, supported by a 6% volume increase and core pricing gains, though tempered by adverse business mix and flat fuel surcharge revenue. -- $6.1 billion, rising 3%, supported by a 6% volume increase and core pricing gains, though tempered by adverse business mix and flat fuel surcharge revenue. Freight Revenue (Excluding Fuel) -- Increased 5%, reflecting fundamental core pricing improvements and higher volume. -- Increased 5%, reflecting fundamental core pricing improvements and higher volume. Operating Expenses -- Declined 2%, primarily from productivity initiatives and a 17% drop in fuel prices, partially offsetting inflationary wage pressures and incremental volume costs. -- Declined 2%, primarily from productivity initiatives and a 17% drop in fuel prices, partially offsetting inflationary wage pressures and incremental volume costs. Operating Ratio -- 60.3%, a 310-basis-point improvement year over year, with core operational gains contributing nearly half of the progress. -- 60.3%, a 310-basis-point improvement year over year, with core operational gains contributing nearly half of the progress. Free Cash Flow -- Up over $900 million from 2023, with cash flow conversion at 83%, after higher operating income and despit...

文章提及标的 伦敦银 -- 现货白银向上触及113美元/盎司，日内上涨9.62%。

阿里 巴巴 集团（BABA）周一早盘下跌1%。随着人工智能主导达沃斯论坛讨论，阿里巴巴集团及其他中国开发商凭借“快速且廉价”的开源模型正赢得美国企业青睐。 责任编辑：张俊 SF065

Name: Polygamous working. Age: It’s really a post-pandemic phenomenon. Appearance: A Zoom meeting window, with video disabled. I’ve heard of polygamy, but I didn’t know you could make money from it. This has nothing to do with polygamy; it’s a term for having more than one job. You mean like moonlighting? Moonlighting refers to someone taking on a secondary job to make ends meet, usually at night. Like a side hustle, then? A side hustle generally involves freelance work undertaken in your own time, as an additional income stream. What if you don’t make any money doing it? Then it’s a hobby. So what’s the polygamy thing? Polygamous working is holding two or more full-time jobs simultaneously, without an employer knowing. Presumably they figure it out when they notice you’re only there half the time. In the old days maybe, but with the rise of hybrid and remote working, polygamous employment can easily go undetected. If no one can tell, then what’s wrong with it? There’s no law against having two jobs, but in some circumstances it could be considered fraud, and there is a law against that. How will I know? Did you sign an employment contract? Signed it; didn’t read it. It may well require you to declare any other employment, it may prohibit it outright, or it may impose confidentiality restrictions that make it impossible for you to hold another job. The work gets done, the money gets paid – this is a victimless crime. Is it? Last month a woman was convicted of fraud for having two full-time jobs, one at Barnet council and the other at Croydon council. That’s outrageous! She’s stealing from the taxpayer! The National Fraud Initiative (NFI) has started cross-referencing payroll and pension data to crack down on public sector polygamous working. Your side hustle is small potatoes by comparison. How widespread is this? It’s hard to tell. The NFI uncovered 13 cases in the last financial year. But on social media sites – including Reddit’s r/overemployed community – polyga...

Treasuries rose as gains in most European government bond markets offset strong US economic data and supply pressure from this week’s early-starting auctions. For the five- to 30-year tenors, US yields touched their lowest levels in a week as France led rallies for most government bond markets worldwide. Gains were briefly pared after the Commerce Department released preliminary durable goods orders data for November that came in stronger than economists estimated. Shorter maturities, more closely tied to the interest rate set by the Federal Reserve, were little changed as the data supported expectations policymakers will pause cutting rates this week. Also, investors are facing the first of three Treasury auctions in the period, a $69 billion two-year note sale at 1 p.m. New York time. The price action drove longer-dated yields closer to shorter-dated ones, the opposite of what many investors have been anticipating. “Economic data still suggests a decent growth picture, putting flattening pressure on the curve, which is likely causing some unwind of the popular steepener,” said Dan Carter , a senior portfolio manager at Fort Washington Investment Advisors. It’s aided, he said, by global bond markets shaking off last week’s selloff in Japanese government bonds and aggressive US rhetoric seeking control of Greenland. Meanwhile, interest-rate strategists at Citigroup Inc. and Natixis SA expect those forces to return and are recommending investors prepare for a selloff in longer-term US Treasuries. Related story: Citi, Natixis Warn Investors of Long-End Treasury Risk: Roundup Fed policymakers are expected to leave rates unchanged on Wednesday after cuts at each of their past three meetings in response to signs of job-market weakening. Traders still see the central bank as likely to deliver two more this year. As for Monday’s auction, Treasury’s note and bond sales normally take place no earlier in the week than Tuesday, with Monday used when necessary to avoid Fed deci...

AMD Stock Slips Despite Price Target Increases from Top Wall Street Analysts TipRanks

Image source: The Motley Fool. Tuesday, April 29, 2025 at 1 p.m. ET CALL PARTICIPANTS President & Chief Executive Officer — James Beckwith Executive Vice President & Chief Financial Officer — Heather Luck Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Income -- $13.1 million for the quarter, as reported by CFO Heather Luck. -- $13.1 million for the quarter, as reported by CFO Heather Luck. Return on Average Assets (ROAA) -- 1.3% for the quarter. -- 1.3% for the quarter. Return on Average Equity (ROAE) -- 13.28% as disclosed in management commentary. -- 13.28% as disclosed in management commentary. Total Loans Held for Investment -- Increased by $89.1 million, or 2.52%, sequentially from the prior quarter. -- Increased by $89.1 million, or 2.52%, sequentially from the prior quarter. Loan Originations -- $259.3 million during the quarter, with payoffs of $65.6 million and paydowns of $104.6 million. -- $259.3 million during the quarter, with payoffs of $65.6 million and paydowns of $104.6 million. Commercial Real Estate Concentration -- Rose to 81.11% of the loan portfolio, up from 80.75% at prior quarter-end. -- Rose to 81.11% of the loan portfolio, up from 80.75% at prior quarter-end. Average Loan Yield -- 6.02%, a one basis point increase over the previous quarter. -- 6.02%, a one basis point increase over the previous quarter. Net Interest Margin -- 3.45% for the quarter, a nine basis point improvement from 3.36% in the prior quarter. -- 3.45% for the quarter, a nine basis point improvement from 3.36% in the prior quarter. Deposits -- Increased by $178.4 million, or 5.0%, compared with prior quarter, driven by non-interest-bearing and most interest-bearing accounts, partially offset by a decline in interest-bearing transaction deposits. -- Increased by $178.4 million, or 5.0%, compared with prior quarter, driven by non-interest-bearing and most interest-bearing accounts, partially offset by a decline in interest-bearing transaction ...

纽约银日内涨幅达11.5%，报113.02美元/盎司。 现货白银日内涨幅达9.5%，报113.14美元/盎司。

Both companies may succeed in this industry. Pharmaceutical giant Eli Lilly (LLY 0.11%) and biotech Viking Therapeutics (VKTX 0.22%) have one major thing in common: They both work in the high-growth area of weight loss drugs. Lilly's tirzepatide, sold as Mounjaro for type 2 diabetes and as Zepbound for weight loss, is bringing in blockbuster revenue and driving the company's growth. Viking's candidates, which are in the same class of drugs as Lilly's, are progressing in late-stage clinical studies. The weight loss drug market is forecast to reach nearly $100 billion by the end of the decade, and demand has been consistently high for today's commercialized products -- so there's reason to be optimistic about the growth potential of these types of drugs. Considering this, which stock is more likely to be a millionaire-maker -- Eli Lilly or Viking Therapeutics? The case for Eli Lilly As mentioned, Lilly's weight loss drugs, known as dual GIP/GLP-1 receptor agonists, already are delivering blockbuster revenue. In the most recent quarter, Mounjaro and Zepbound together brought in more than $10 billion in sales. (Though Zepbound is commercialized for weight loss, doctors have also prescribed Mounjaro for this indication.) The company shares market leadership with Novo Nordisk, the maker of similar drugs, Wegovy and Ozempic, and demand has been so high that it surpassed the supply of all of these products a few years ago. Since, the companies have ramped up production to better serve demand. Expand NYSE : LLY Eli Lilly Today's Change ( -0.11 %) $ -1.15 Current Price $ 1063.14 Key Data Points Market Cap $1.0T Day's Range $ 1043.86 - $ 1066.31 52wk Range $ 623.78 - $ 1133.95 Volume 48K Avg Vol 3.5M Gross Margin 83.03 % Dividend Yield 0.56 % Lilly's drugs are injectables, but the company may soon enter the market with an oral weight loss drug. Regulators are reviewing the candidate, orforglipron, right now, and a potential approval could act as a positive catalyst for stock p...

The world's largest asset manager has increased its stake in Archer Aviation, validating the company's financial strategy and its path to commercialization.

Just_Super/iStock via Getty Images TheYieldMax SMCI Option Income Strategy ETF ( SMCY ) is an options-income fund with an astounding 211% yield over the last twelve months. Yet, this is a sign of weaknesses in the strategy, and continued troubles in the underlying stock could weigh it down further. Summary Of Original Thesis I first wrote about SMCY last September which was about a year after the fund's inception date. In addition to my cautious Hold rating, I explained the synthetic covered call strategy of the fund: YieldMax uses cash/Treasuries to sell puts Put proceeds are used to purchase calls Purchased calls are used to sell calls, creating a spread Net premiums and interest income on the cash/Treasuries provide income The underlying stock for these option positions is that of Super Micro Computer ( SMCI ), a business that creates server hardware and that plays an important role in developing the hardware to run AI. Unlike other companies with a big role in the AI economy, SMCI regularly found itself struggling. Volatility in the stock caused it to decline sharply, forcing a fund like SMCY to lock in losses on its puts positions, with little room to recover because of the covered calls. I wrote: For SMCY to reverse course and be an investment that produces positive returns (even beat the market), we need good reason to think that SMCI will go up. In my view, the financial profile of this company makes that difficult. It's very vulnerable to bad news and setbacks. I was worried that its high yield could only make up the shrinking base of capital. Recent Performance Since I last covered SMCY, the price of the shares has continued to decline, prompted by continued weakness in SMCI's own price. SMCY & SMCI Recent Price Performance (Seeking Alpha) The price performance since September illustrates the limiting factors of the covered calls. SMCY generally captures the full drop but only part of a recovery. Recent Distribution History (Seeking Alpha) The income has c...

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随着三菱日联集团（MUFG）指出美元指数跌破98及干预风险预示美元疲软和双向波动，iShares MSCI日本ETF追踪日元走强趋势。 责任编辑：张俊 SF065

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Advanced Micro Devices Inc (AMD) Trading Down 3.34% on Jan 26 GuruFocus

Image source: The Motley Fool. Tuesday, April 22, 2025 at 8:30 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Chris Calio Chief Financial Officer — Neil Mitchill Vice President, Investor Relations — Nathan Ware TAKEAWAYS Organic Sales Growth -- 8% organic sales growth was reported, including contributions from all segments. -- 8% organic sales growth was reported, including contributions from all segments. Segment Operating Profit -- $2.5 billion in segment operating profit represented an 18% increase and 120 basis points of margin expansion, with four consecutive quarters of year-over-year segment margin expansion. -- $2.5 billion in segment operating profit represented an 18% increase and 120 basis points of margin expansion, with four consecutive quarters of year-over-year segment margin expansion. Adjusted Earnings Per Share (EPS) -- Adjusted EPS was $1.47, up 10%, driven by profit growth but partially offset by a higher tax rate and share count. -- Adjusted EPS was $1.47, up 10%, driven by profit growth but partially offset by a higher tax rate and share count. Free Cash Flow -- Free cash flow reached $792 million and included approximately $200 million in powder metal-related compensation. -- Free cash flow reached $792 million and included approximately $200 million in powder metal-related compensation. Backlog -- The ending backlog was $217 billion, up 8%, comprising $125 billion of commercial and $92 billion of defense orders. -- The ending backlog was $217 billion, up 8%, comprising $125 billion of commercial and $92 billion of defense orders. Commercial Aftermarket Sales -- Up 21% organically, including a 13% increase at Collins and a 28% increase at Pratt & Whitney, driven by both large commercial engines and Pratt Canada. -- Up 21% organically, including a 13% increase at Collins and a 28% increase at Pratt & Whitney, driven by both large commercial engines and Pratt Canada. Commercial OE Sales -- Increased by 3% organically, with Col...

投资者上周继续涌入新兴市场股票和债券交易所交易基金(ETF)，这是此类ETF连续第14周录得资金流入。数据显示，截至1月23日当周，投资于多个新兴市场国家或特定国家的美国上市新兴市场ETF合计录得资金流入68.3亿美元，而前一周流入71.3亿美元。今年迄今为止，资金流入累计184亿美元。其中，股票ETF流入66.7亿美元，债券ETF流入1.58亿美元，总资产从4604亿美元增至4737亿美元。中国资金流入最多，达16.5亿美元，以iShares安硕核心MSCI（159577）新兴市场ETF为首。前一周，中国流入规模16.9亿美元，也在各市场中居首。哈萨克斯坦的资金流出最大，为47.48万美元。

Image source: The Motley Fool. Monday, April 21, 2025 at 2 p.m. ET Call participants Chairman and Chief Executive Officer — Jeff Dick Chief Financial Officer — Tom Chmelik Chief Accountant — Alex Vari Chief Lending Officer — Tom Floyd Takeaways Net interest margin -- 3.3%, up 34 basis points sequentially, attributed mainly to lower deposit costs and balance sheet adjustments. -- 3.3%, up 34 basis points sequentially, attributed mainly to lower deposit costs and balance sheet adjustments. Earnings per share -- $0.25, reflecting current period profitability under core banking focus. -- $0.25, reflecting current period profitability under core banking focus. Return on average assets -- 0.46%, supported by improved interest income and expense control. -- 0.46%, supported by improved interest income and expense control. Return on average equity -- 4.78%, aligned with stated performance objectives. -- 4.78%, aligned with stated performance objectives. Non-performing loans -- $21.7 million, expected to decline to $10.5 million following a court-approved payoff in June. -- $21.7 million, expected to decline to $10.5 million following a court-approved payoff in June. Avenue banking-as-a-service discontinuation -- Management confirmed, "we've discontinued our Avenue banking-as-a-service initiative," and related intangible was fully written off in fiscal Q1 2025 (period ended March 31, 2025). -- Management confirmed, "we've discontinued our Avenue banking-as-a-service initiative," and related intangible was fully written off in fiscal Q1 2025 (period ended March 31, 2025). Operating expense reduction plan -- Targeted 12.5% decrease in operating expenses in fiscal Q2 2025, with additional reductions planned for following quarters. -- Targeted 12.5% decrease in operating expenses in fiscal Q2 2025, with additional reductions planned for following quarters. Loan growth -- Gross loans increased by $1 million quarter over quarter, with non-owner occupied commercial real estate up $...

Over the years, hackers and modders at large have made it their mission to port classic first-person shooter Doom to practically anything with a display . Recently, though, coder Arin Sarkisan has taken the "Can it Run Doom ?" idea in an unlikely direction: wireless earbuds that aren't designed to output graphics at all. To be clear, this hack doesn't apply to any generic set of earbuds. The "Doombuds" project is designed specifically for the PineBuds Pro , which are unique in featuring completely open source firmware and a community-maintained SDK . That means Sarkisan was able to code up a JavaScript interface that uses the earbuds' UART contact pads to send a heavily compressed MJPEG video stream to a web server (via a serial server). The 2.4 MB/s data stream from the UART connection can put out about 22 to 27 frames per second in this format, which is more than enough for a CPU that can only run the game at a maximum of 18 fps anyway. Read full article Comments