加拿大运输部周二表示，在美国总统特朗普威胁取消加拿大制造飞机的认证并对其征收关税之后，正与美国联邦航空管理局（FAA）就私人飞机的监管审批问题开展合作 。 特朗普上周表示，美国 将取消庞巴迪Global Express公务喷气机的认证，并威胁对所有加拿大制造的飞机征收50%的进口关税 ，直到加拿大监管机构对美国竞争对手湾流公司生产的一些飞机进行认证为止。 虽然预计美国联邦航空局不会取消对加拿大运营中飞机的监管批准，但特朗普是否会兑现对边境以北制造的喷气式飞机征收50%关税的威胁，仍是个问题。 与其他行业相比，航空航天受特朗普领导的贸易战的影响一般较小，来自欧洲 和加拿大的飞机和零部件一般无需关税即可过境。 加拿大监管机构表示，它正在与美国联邦航空局、庞巴迪BBDb.TO和湾流航空母公司 通用动力 合作，“以保护安全和监管完整性的方式解决悬而未决的认证问题，同时保持边境两侧的市场准入”。 这场争执在边境两侧引起了恐慌，并在全球航空业引起了反响。分析人士和行业专家警告说，飞机的认证或监管审批应该以安全为基础，而不是出于政治或经济原因。 当天早些时候 ，加拿大工业部长梅拉妮·乔利表示，加拿大将竭尽全力支持庞巴迪。 “庞巴迪是魁北克和加拿大的皇冠上的明珠，对我们来说非常非常重要。当然，我们将竭尽所能支持该公司和航空业，”乔利告诉记者。 乔利还表示，她已于周一与庞巴迪首席执行官埃里克·马特尔进行了交谈，但她没有透露细节。 责任编辑：李桐

摩根大通 （JPM）周二早盘上涨1.5%。因美国总统特朗普坚持要求司法部继续调查美联储主席杰罗姆·鲍威尔，美联储领导层时间表的不确定性仍是各包括该行在内的各大银行的关注点。 责任编辑：张俊 SF065

@media (max-width: 768px) { .image-container { width: 100% !important; float: none !important; margin: 0 0 1rem 0 !important; } } Image source: The Mo

@media (max-width: 768px) { .image-container { width: 100% !important; float: none !important; margin: 0 0 1rem 0 !important; } } Image source: The Mo

JHVEPhoto/iStock Editorial via Getty Images Shares of Eaton Corporation ( ETN ) have been a solid performer over the past year, gaining about 14% as the electrical equipment giant has benefited from incremental data center demand. However, after a multiyear strong run, concerns have mounted that shares are priced for perfection. That concern has more credence Tuesday morning as a somewhat disappointing outlook sent shares down 4% in early trading. I last covered shares in December , rating the stock a “ H old” given my view that fundamental strength was fully priced into valuation. After today’s drop, shares are up about 1%, consistent with my rating, and with updated financials, now is a good time to revisit ETN. Seeking Alpha In the company’s fourth quarter , Eaton earned $3.33 per share, which beat estimates by just a penny. Revenue was up 13%, but at $7.06 billion, it was still $30 million light. For a company with a trailing multiple approaching 30x, investors need to see clearer beats to continue buying shares. Eaton’s results were in no way poor; they simply failed to surpass sky-high expectations. EPS was still up 18% from last year, and margins of 24.9% were up 20 bps to a new record. Eaton continues to win orders more quickly than it can produce product, and with many of these data center construction projects multiple years in nature, the company is building out visible revenue for several years. Its backlog is now nearly $20 billion and continues to grow at a 20+% pace. Eaton is perfectly positioned to benefit from this multiyear cap-ex cycle that technology companies are undertaking. Eaton Corporation Data Centers and Aviation Are Driving Growth Looking first at its Electrical Americas segment, revenue surged 21% to $3.5 billion, led by 15% organic growth and a 5% contribution from M&A. Operating profit was up a more modest 14% to $1.05 billion as margins compressed 180 bps to 29.8%. Most of this margin compression is due to M&A, and as it scales up the...

Trafigura ships first Venezuelan fuel oil to Europe in nearly two years Reuters

Coinbase（COIN）周二早盘下跌4.1%。该公司与银行在白宫会议上讨论稳定币收益规则，白宫官员敦促本月达成协议以推进参议院市场结构法案。 责任编辑：张俊 SF065

格隆汇2月4日｜欧洲斯托克(Eurostoxx)50指数跌0.27%，英国富时100指数跌0.28%，法国CAC40指数跌0.02%，德国DAX30指数跌0.10%，富时意大利MIB指数涨0.90%。

Earnings Call Insights: RPC, Inc. (RES) Q4 2025 Management View Ben Palmer, CEO, reported a sequential revenue decline across most service lines in Q4, with service lines outside of pressure pumping making up 70% of total revenues and seeing a 4% sequential decrease. He highlighted "revenues increase at Spinnaker's cementing business, Patterson Tubular Services storage and inspection business and Cudd Pressure Control, snubbing and well control businesses." Palmer pointed to continued share gains for Thru Tubing Solutions with the A-10 downhole motor and expansion of the Metal Max product, allowing entry into new markets. He also mentioned ongoing marketing of the UnPlug technology, with growing adoption noted during the quarter. Cudd Pressure Controls revenues were up 1% sequentially, supported by a 13% increase in snubbing. The company expects delivery of a custom big bore snubbing unit in 2026, supporting a long-term customer in gas storage maintenance. Palmer noted that Pintail Completions, the largest wireline provider in the Permian Basin, saw a 3% revenue decline but expects 2026 to track large operator activity in the region. Pressure pumping revenues fell 6%, mainly due to holiday shutdowns and idled fleet, with no plans to reactivate until returns improve. Early Q1 has been affected by winter storms, with lost operating days impacting near-term profitability. Palmer stated, "RPC's focus remains on leveraging our strong balance sheet and maximizing long-term shareholder returns," emphasizing growth in less capital-intensive service lines both organically and via acquisitions. Michael Schmit, CFO, stated, "revenues decreased 5% to $426 million compared to Q3." Technical Services made up 95% of total Q4 revenues, down 4%, while Support Services comprised 5%, down 18%. He gave a detailed revenue mix: pressure pumping (27.6%), wireline (24.1%), downhole tools (22.4%), coiled tubing (9.7%), cementing (5.9%), and rental tools (3.4%). Schmit disclosed a change in ...

Earnings Call Insights: J&J Snack Foods Corp. (JJSF) Q1 2026 Management View Daniel Fachner, President, CEO & Chairman, stated that "our earnings recovery is underway and gaining momentum," highlighting adjusted EBITDA of $27 million on sales of $343.8 million for the quarter and a 7% increase in adjusted EBITDA compared to the prior year. He emphasized the impact of Project Apollo, noting "the early benefits of Project Apollo transformation initiatives and our continued focus on operational excellence." Fachner explained that gross margin improved by 200 basis points to 27.9%, primarily driven by plant consolidation and improved product mix, while net sales declined 5.2% to $343.8 million, mainly due to focused SKU optimization and portfolio management. Fachner reported that Project Apollo delivered "over $3 million of net savings in Q1" and reaffirmed, "We remain confident in achieving $20 million of run rate operating income once all initiatives are activated." The CEO highlighted a completed $42 million share repurchase and the authorization of another $50 million repurchase program. Fachner described strong pretzel sales in Food Service, up 6.9%, and noted that "pretzel sales were up about 4%" in retail for the 13 weeks ending December, attributing the trends to new formulations and packaging. Innovation in frozen novelties was led by Dogsters, with "volume growing over 20% in the quarter," and Dippin' Dots sales up approximately 4%. The CEO noted progress in expanding ICEE at convenience and QSR, and previewed upcoming product launches including protein and whole-grain pretzels, Luigi mini pops with functional benefits, and the introduction of traditional Dippin' Dots for retail. Shawn Munsell, Senior VP & CFO, stated, "We’re pleased with our Q1 performance, which demonstrates early progress on our transformation initiatives," and detailed segment performance, cost controls, and the completion of the share repurchase authorization. Outlook Fachner indicated th...

Earnings Call Insights: Two Harbors Investment Corp. (TWO) Q4 2025 Management View William Greenberg, President & CEO, introduced the recently announced merger with United Wholesale Mortgage, stating, "This merger brings us together with the #1 mortgage originator in the country in UWM and doubles the size of the MSR portfolio to a pro forma $400 billion." Greenberg emphasized that this partnership marks the culmination of the company’s business plan, offering "very powerful strategic alignment and positions the combined company for accelerated growth and enhanced outcomes, which should deliver meaningful upside to shareholders." Greenberg highlighted the company’s investment portfolio performance, reporting a total economic return of 3.9% for the fourth quarter and noting that, excluding a previously recorded litigation settlement, the full-year economic return on book value would be 12.1%. Addressing investor questions on asset management post-merger, Greenberg said, "In the short term, the answer is that we intend to manage our business in the ordinary course... we will be thoughtful about how we proceed. There are some paths that lead to selling some or all of these assets over time, and there are other paths where the combined company will need many or even more than our existing TBA and specified pool positions." William Dellal, VP & Chief Financial Officer, reported, "Our book value increased to $11.13 per share at December 31 compared to $11.04 per share at September 30. Including the $0.34 common stock dividend, this resulted in a positive 3.9% quarterly economic return." Nicholas Letica, VP & Chief Investment Officer, added, "At December 31, the portfolio was $13.2 billion, including $9 billion in settled positions and $4.2 billion in TBAs. Our primary risk metrics quarter-over-quarter were not materially different. Our economic debt-to-equity was slightly lower at 7x." Outlook Management projected that about 65% of capital is allocated to servicing with a...

This article first appeared on GuruFocus. Cathie Wood's ARK Invest added shares of Alphabet (NASDAQ:GOOGL), Robinhood Markets (NASDAQ:HOOD), and CoreWeave (NASDAQ:CRWV) on Feb. 2. The purchases suggest continued focus on artificial intelligence and cloud computing themes. ARK's funds often add to positions during market pullbacks tied to growth stocks. Robinhood was the largest buy of the day. ARK purchased about 363,000 shares, valued near $36 million. The stock slid about 10% as cryptocurrency prices weakened and trading activity appeared softer. Bitcoin briefly fell toward a multi-month low, pressuring crypto-linked platforms. Robinhood generates a meaningful share of revenue from digital-asset trading. ARK also increased its stake in CoreWeave, buying roughly 164,000 shares worth about $15 million. The stock edged down about 5% as investors showed caution toward high-valuation AI infrastructure firms facing heavy spending and profit uncertainty. Alphabet was another addition. ARK bought nearly 38,000 shares valued around $13 million ahead of the company's quarterly earnings release expected later this week. Analysts forecast double-digit revenue growth, supported by advertising demand and Google Cloud expansion.

格隆汇2月4日｜诺和诺德美国存托股（ADRS）因待发布消息而暂停交易。诺和诺德预计2026年销售额在汇率不变情况下将下降5%至13%，估算跌幅为1.39%。

Image source: The Motley Fool. Feb. 3, 2026, 11 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Scott Edward Doyle Executive Vice President and Chief Financial Officer — Adam W. Woodard Vice President, Investor Relations — Megan L. McPhail Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Adjusted EPS -- $1.77, increasing from $1.34, reflecting higher earnings driven by new utility rates and improved segment performance. -- $1.77, increasing from $1.34, reflecting higher earnings driven by new utility rates and improved segment performance. Adjusted Net Income -- $108 million, up from $81 million, contributing to the gain in per-share results. -- $108 million, up from $81 million, contributing to the gain in per-share results. Gas Utilities Segment Earnings -- $104 million, a rise of $26 million, exceeding 33% growth attributable to rate increases in Missouri and better margins in Alabama under RSE. -- $104 million, a rise of $26 million, exceeding 33% growth attributable to rate increases in Missouri and better margins in Alabama under RSE. Gas Marketing Segment Earnings -- $4.5 million, up $2.3 million due to "increased portfolio optimization opportunities," as stated by Woodard. -- $4.5 million, up $2.3 million due to "increased portfolio optimization opportunities," as stated by Woodard. Midstream Segment Earnings -- $12.7 million, an increase of nearly $1 million, supported by added capacity at Spire Storage and partially offset by higher depreciation and interest expense. -- $12.7 million, an increase of nearly $1 million, supported by added capacity at Spire Storage and partially offset by higher depreciation and interest expense. Corporate and Other Adjusted Loss -- $12.7 million, higher by approximately $2 million on increased corporate expenses and interest. -- $12.7 million, higher by approximately $2 million on increased corporate expenses and interest. Capital Expenditures -- $230 million this quarter, primaril...

These Analysts Revise Their Forecasts On Palantir Technologies After Q4 Earnings Benzinga

US benchmark stock indexes fell in late-morning trading Tuesday as investors weighed earnings from m Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.

In trading on Tuesday, shares of Jack Henry & Associates, Inc. (Symbol: JKHY) crossed below their 200 day moving average of $171.32, changing hands as low as $170.00 per share. Jack Henry & Associates, Inc. shares are currently trading down about 5% on the day. The chart below shows the one year performance of JKHY shares, versus its 200 day moving average: Looking at the chart above, JKHY's low point in its 52 week range is $144.12 per share, with $196 as the 52 week high point — that compares with a last trade of $170.50. The JKHY DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

诺和诺德预计2026年销售额在汇率不变情况下将下降5%至13%，估算跌幅为1.39%。（财联社）

PERFORMANCE: Prices as of 11.30 am ET on Monday, February 2 UPCOMING IPOS: Upcoming IPO and direct listings expected include OpenAI, AGI Inc (AGBK), Speed Group (SPED), and Lendbuzz (LBZZ). Click here to see upcoming IPO calendar on TipRanks. OpenAI is accelerating its plans for a public listing as rivalry with Anthropic intensifies, now planning on listing in Q4 of this year, Berber Jin, Corrie Driebusch, and Kate Clark of The Wall Street Journal reports. OpenAI is holding discussions with Wall Street banks about a potential initial public offering and has hired several executives to oversee its finance team, sources told the Journal. AGI Inc, or Agibank, has filed with the SEC for an initial public offering of its Class A common shares. The company intends to apply to list its Class A common shares on the New York Stock Exchange under the symbol “AGBK.” The prospectus states, “Agibank Brazil is a privately held financial holding company and the holder of 100% of the outstanding share capital of Banco Agibank S.A., or Banco Agibank. In turn, Nuova Holding S.A., or Nuova, was a privately held, non-financial holding company controlled by our controlling shareholder, Mr. Marciano Testa… Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers.” Speed Group filed a prospectus for 2.5M share initial public offering. It expects the IPO price to be in the range of $4.00 to $5.00 per. The company’s operating subsidiary, Speed Logistics, is an e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Europe and North America. The services include warehousing, c...

Vertigo3d/E+ via Getty Images Investment Thesis SanDisk ( SNDK ) is turning out to be one of the major beneficiaries of the AI infrastructure growth, where data center storage is redefining the earnings growth path for the company. With hyperscalers rushing to deploy infrastructure for AI, the demand for high-performance enterprise solid-state drives is far outstripping supply, providing SanDisk with considerable pricing leverage. With the move from commoditized consumer NAND to specialized AI storage, the structural improvement in margins is redefining the earnings path for the company. Data by YCharts AI Data Center Mix Drives Gross Margins to 65%+ by Q3 In my view, Sandisk is benefitting from a tremendous acceleration in data center demand as infra build-outs for AI continue. This is in my view the primary catalyst for Sandisk’s turnaround and forward outlook. The data center segment saw a 64% sequential revenue increase in Q2, reaching $440 million . Sandisk projects that this segment will become the largest NAND market by 2026. This change from client-centric commodity storage to high-performance enterprise storage creates durable revenue expansion and margin improvement. The immediate impact is on the pricing leverage SanDisk now commands. Demand for high-performance Triple-Level Cell (TLC) and Quad-Level Cell ( QLC ) drives goes over the current supply. As a result, Sandisk has a non-GAAP gross margin of 51.1% in Q2 and it is rising from 29.9% YoY. This 21.2%-point expansion led largely by higher pricing beyond volume growth. How? As bit shipments increased only in the low single digits QoQ. Outlook suggests this trend will accelerate as Q3 gross margins may be between 65%-67%. This level of profitability is coming directly from the scarcity of specialized storage solutions required for AI workloads. Q2 Earnings I see that by possessing certified products for hyperscalers, SanDisk captures value over traditional consumer markets. The qualification of PCIe Gen...

Key Points The rise of artificial intelligence has led to the creation of neoclouds -- companies that specialize in operating data centers designed to power AI. Neocloud CoreWeave rents data center space from Applied Digital. CoreWeave and Applied Digital each took on a ton of debt to finance their infrastructure buildouts. 10 stocks we like better than Applied Digital › Artificial intelligence (AI) is a computing-intensive technology, and with demand for high-performance data centers outstripping supply, a host of players in the cloud sector are rapidly expanding their footprints. The persistent gap between the volume of computing capacity the big AI players can supply in-house and what is needed has created an opening for a new class of cloud computing infrastructure companies: neoclouds. These businesses are focused solely on providing the high-end computational power and hardware resources required to train and run AI models. One such neocloud is CoreWeave (NASDAQ: CRWV). It rents some space from Applied Digital (NASDAQ: APLD), which also owns and operates data centers. 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 » Neoclouds are a subset of the AI infrastructure market, which Fortune Business Insights forecasts will grow from $59 billion in 2025 to $356 billion by 2032. And investors interested in capitalizing on this expected massive expansion may find that buying shares of CoreWeave or Applied Digital makes sense to them. But which looks like a better investment today? A look into Applied Digital Applied Digital was up by nearly 500% over the past 12 months through Jan. 28, when it hit a 52-week high of $42.27. That hot performance was all thanks to AI. The AI-related demand for more computing power helped lift its revenue by a whopping 250% year over year to $126.6 million in its fiscal 2026 second quarter, which ended Nov. 30. That top-line growth is poised to continue. ...

Homebuilders Working On Massive Program To Build Up To 1 Million "Trump Homes" To Boost Affordability Last October, Dubai-based billionaire and Emaar Properties founder Mohammed Alabbar unveiled an audacious $400 billion proposal to help solve America's worsening housing shortage by building millions of housing units, describing it as both a humanitarian and economic opportunity that could "reshape the U.S. market" and create up to 20 million jobs. According to Alabbar, the United States is experiencing a significant housing-supply shortfall, which has led to a crushing lack of affordable housing. Analysts estimate a gap of about 4.7 million to nearly 5 million housing units currently exists in the US. This shortage is the result of many years of underconstruction, soaring costs, regulatory and labor constraints. The effects are broad: higher home and rent prices, fewer first-time buyers, and mobility barriers for workers. In short: a weak supply side has become a drag on affordability, economic growth and inflation control. In response, Alabbar - who now runs the largest real estate developer in the UAE - proposed a $400 billion "fix" at the Reuters NEXT Gulf Summit in Abu Dhabi, capital which he claimed could be raised in as little as one week if the right partners are assembled. But while Alabbar's proposal was unlikely to be taken seriously - as it benefits his company as much as it does US homebuyers - the logic behind it is sound - build much more housing - and has seemingly impressed the Trump admin. It does explains why, as Bloomberg reports, US homebuilders are working on a plan for a massive program to develop up to a million "Trump Homes" that would address the US affordability crisis while allowing private capital to deploy many billions of dollars. Lennar and Taylor Morrison are among the firms that have worked on the proposal, which calls for builders to sell entry-level homes into a pathway-to-ownership program funded by private investors. The size of...

Bueno Higino Filho, mayor of Coité do Noia, told local media: "The loss is immense. They were all my friends... I woke up today to the sad news and I'm heading to the site of the accident to see what we can do [to help]."

The AI and data mining specialist just leveled up. Palantir Technologies (PLTR +5.68%) stock hit the ground running Tuesday, climbing as much as 11.7%. As of 10:55 a.m. ET, the stock was still up 6.8%. The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was its quarterly financial report, which helped quell concerns about an AI slowdown. It just keeps getting better Just when investors believe that Palantir's results couldn't possibly get any better, the company pulls another rabbit out of its hat. For the fourth quarter, Palantir generated record revenue of $1.4 billion, an increase of 70% year over year and 19% quarter over quarter. This marked the 10th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.25. Analysts' consensus estimates called for revenue of $1.34 billion and EPS of $0.23, so the results exceeded Wall Street's already lofty expectations. The company's Artificial Intelligence Platform (AIP) continued to drive Palantir's growth. While U.S. government revenue climbed 66% to $570 million, U.S. commercial revenue -- which includes AIP -- soared 137% to $507 million. If that growth rated continues, U.S. commercial revenue will soon overtake government contracts as the company's biggest growth driver. Expand NASDAQ : PLTR Palantir Technologies Today's Change ( 5.68 %) $ 8.40 Current Price $ 156.16 Key Data Points Market Cap $352B Day's Range $ 153.13 - $ 165.06 52wk Range $ 66.12 - $ 207.52 Volume 2.8M Avg Vol 45M Gross Margin 80.81 % Beyond the accelerating revenue growth, one of the more telling trends is Palantir's expanding margins. The company's gross profit margin climbed to 84.6%, up from 78.9% in the prior-year quarter, while its net profit margin rose to 43.4%, up from 9.2%. This helps dismiss any concerns regarding Palantir's ability to effectively scale its operations. Management issued preliminary guidance for 2026, catching investors off guard, forecast...

Key Points Palantir's track record of impressive growth continued. The company beat on both the top and bottom lines, and its 2026 forecast outpaced Wall Street's expectations. Palantir's valuation is still lofty by any measure, but its growth rate is convincing skeptics. 10 stocks we like better than Palantir Technologies › Palantir Technologies (NASDAQ: PLTR) stock hit the ground running Tuesday, climbing as much as 11.7%. As of 10:55 a.m. ET, the stock was still up 6.8%. The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was its quarterly financial report, which helped quell concerns about an AI slowdown. 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 » It just keeps getting better Just when investors believe that Palantir's results couldn't possibly get any better, the company pulls another rabbit out of its hat. For the fourth quarter, Palantir generated record revenue of $1.4 billion, an increase of 70% year over year and 19% quarter over quarter. This marked the 10th successive quarter of accelerating growth. This drove adjusted earnings per share (EPS) of $0.25. Analysts' consensus estimates called for revenue of $1.34 billion and EPS of $0.23, so the results exceeded Wall Street's already lofty expectations. The company's Artificial Intelligence Platform (AIP) continued to drive Palantir's growth. While U.S. government revenue climbed 66% to $570 million, U.S. commercial revenue -- which includes AIP -- soared 137% to $507 million. If that growth rated continues, U.S. commercial revenue will soon overtake government contracts as the company's biggest growth driver. Beyond the accelerating revenue growth, one of the more telling trends is Palantir's expanding margins. The company's gross profit margin climbed to 84.6%, up from 78.9% in the prior-year quarter, while its net profit margin rose ...

Why Palantir Technologies Stock Charged Higher Today Yahoo Finance

Image source: The Motley Fool. Tuesday, Feb. 3, 2026 at 8:30 a.m. ET Call participants Founder and CEO — Michael Novogratz President and Head of Asset Management — Christopher Ferraro Chief Financial Officer — Anthony Paquette Need a quote from a Motley Fool analyst? Email [email protected] Takeaways GAAP Net Loss -- $241 million, or $0.61 per share, with approximately $160 million attributable to one-time items including mining infrastructure write-downs, US listing and reorganization costs, and a negative mark-to-market on exchangeable notes. -- $241 million, or $0.61 per share, with approximately $160 million attributable to one-time items including mining infrastructure write-downs, US listing and reorganization costs, and a negative mark-to-market on exchangeable notes. Adjusted EBITDA -- $34 million, achieved despite a 10% decline in total crypto market capitalization and a 24% drop in digital asset prices in the fourth quarter. -- $34 million, achieved despite a 10% decline in total crypto market capitalization and a 24% drop in digital asset prices in the fourth quarter. Digital Assets Segment Adjusted Gross Profit -- $5 million, up 67% year over year, with broad-based growth across trading, investment banking, lending, asset management, and staking. -- $5 million, up 67% year over year, with broad-based growth across trading, investment banking, lending, asset management, and staking. Global Markets Adjusted Gross Profit -- $423 million for the year, up 88% year over year; $30 million delivered in Q4 alone. -- $423 million for the year, up 88% year over year; $30 million delivered in Q4 alone. Record Trading Volumes and Loan Book Growth -- Record level of trading activity noted, with the average loan book at $1.8 billion in Q4, up slightly versus Q3, despite a sharp 24%-25% industry asset price decline. -- Record level of trading activity noted, with the average loan book at $1.8 billion in Q4, up slightly versus Q3, despite a sharp 24%-25% industry asset p...

Investors considering a purchase of Quanta Services, Inc. (Symbol: PWR) shares, but cautious about paying the going market price of $487.57/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2028 put at the $310 strike, which has a bid at the time of this writing of $21.50. Collecting that bid as the premium represents a 6.9% return against the $310 commitment, or a 3.5% annualized rate of return (at Stock Options Channel we call this the). Selling a put does not give an investor access to PWR's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $310 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Quanta Services, Inc. sees its shares fall 36.1% and the contract is exercised (resulting in a cost basis of $288.50 per share before broker commissions, subtracting the $21.50 from $310), the only upside to the put seller is from collecting that premium for the 3.5% annualized rate of return. Interestingly, that annualized 3.5% figure actually exceeds the 0.1% annualized dividend paid by Quanta Services, Inc. by 3.4%, based on the current share price of $487.57. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 36.13% to reach the $310 strike price. Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Quanta Services, Inc., looking at the dividend history chart for PWR below can help in...

Brent Thill, an analyst at Jefferies, made a compelling case for Amazon (AMZN) stock ahead of the company's earnings report this week. His argument is straightforward: Amazon's stock is trading cheaply, and most investors are missing it. The Valuation Disconnect According to Thill, Amazon currently trades at 13 times next-twelve-month enterprise value to EBITDA. It means that investors are paying significantly less for Amazon's profits than they have historically. The discount is striking. Amazon trades six turns below its 10-year average and a full eight turns below Walmart, according to Thill's analysis. For a company with Amazon's growth profile and multiple revenue streams, that's unusual. "We think that's too cheap at the early stage of AWS re-acceleration," Thill wrote in his note to clients. The stock trades at a 25% discount compared to major internet peers. That's a meaningful gap for a company that dominates e-commerce, leads in cloud computing, and continues to expand into advertising and other high-margin businesses. AWS Is Ready to Accelerate The biggest catalyst Thill sees is Amazon Web Services (AWS). The server juggernaut generated $33 billion in revenue last quarter, growing 20.2% year-over-year (YoY). That marked the fastest growth rate in 11 quarters and represented a 270-basis-point acceleration from the prior quarter. But Thill believes the real story is just beginning. He points to three specific drivers that could push AWS backlog growth into the mid-20s percentage range or higher in the fourth quarter. First, AWS faces its easiest YoY comparison in the fourth quarter of 2025. Second, October bookings alone surpassed the entire third quarter's deal volume. That includes a massive $38 billion contract with OpenAI that wasn't even reflected in the third quarter backlog of $200 billion. Third, industry checks across the board indicate bullish sentiment toward cloud spending. Companies want to run their AI workloads on AWS because of its superior ...

Investors eyeing a purchase of Coinbase Global Inc (Symbol: COIN) shares, but cautious about paying the going market price of $181.50/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2028 put at the $100 strike, which has a bid at the time of this writing of $21.65. Collecting that bid as the premium represents a 21.6% return against the $100 commitment, or a 7.5% annualized rate of return (at Stock Options Channel we call this the). Selling a put does not give an investor access to COIN's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $100 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Coinbase Global Inc sees its shares fall 45% and the contract is exercised (resulting in a cost basis of $78.35 per share before broker commissions, subtracting the $21.65 from $100), the only upside to the put seller is from collecting that premium for the 7.5% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Coinbase Global Inc, and highlighting in green where the $100 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the December 2028 put at the $100 strike for the 7.5% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Coinbase Global Inc (considering the last 251 trading day closing values as well as today's price of $181.50) to be 71%. For other put options contract ideas at the various different ...