Image source: The Motley Fool. Wednesday, Feb. 4, 2026 at 8 a.m. ET Call participants Chairman and Chief Executive Officer — John Weinberg Chief Financial Officer — Timothy LaLonde Head of Investor Relations — Katy Haber Takeaways Adjusted Net Revenue -- $3.9 billion for the full year, up 29% and a new record for the firm. -- $3.9 billion for the full year, up 29% and a new record for the firm. Q4...
Image source: The Motley Fool. Wednesday, Feb. 4, 2026 at 8 a.m. ET Call participants Chairman and Chief Executive Officer — John Weinberg Chief Financial Officer — Timothy LaLonde Head of Investor Relations — Katy Haber Takeaways Adjusted Net Revenue -- $3.9 billion for the full year, up 29% and a new record for the firm. -- $3.9 billion for the full year, up 29% and a new record for the firm. Q4 Adjusted Net Revenue -- Nearly $1.3 billion, the highest quarterly figure in Evercore's history. -- Nearly $1.3 billion, the highest quarterly figure in Evercore's history. Adjusted Operating Income -- $839 million for the year, a 50% year-over-year increase. -- $839 million for the year, a 50% year-over-year increase. Adjusted Earnings Per Share -- $14.56 for the year, up 55%. -- $14.56 for the year, up 55%. Adjusted Operating Margin -- 21.6% for the full year, up 300 basis points. -- 21.6% for the full year, up 300 basis points. Adjusted Advisory Fees -- $3.3 billion for the year, up 34%; Q4 advisory fees exceeded $1.1 billion, both setting new records. -- $3.3 billion for the year, up 34%; Q4 advisory fees exceeded $1.1 billion, both setting new records. Adjusted Underwriting Revenue -- $180 million for the year, up 14%. -- $180 million for the year, up 14%. Q4 Adjusted Underwriting Fees -- $49 million, up 87% from the prior year period. -- $49 million, up 87% from the prior year period. Commissions and Related Revenue -- $243 million for the year, up 13%. -- $243 million for the year, up 13%. Adjusted Asset Management and Administration Fees -- $91 million for the year, up 8%. -- $91 million for the year, up 8%. Record Business Contribution -- Approximately 45% of firm-wide revenues came from non-M&A businesses during both Q4 and the full year. -- Approximately 45% of firm-wide revenues came from non-M&A businesses during both Q4 and the full year. Adjusted Compensation Ratio -- 64.2% for the year, down 150 basis points, reflecting expense leverage and talent investmen...
Putin 'Kept His Word' On Ceasefire, Trump Says, As Large Attacks On Kiev Resume President Trump has praised his Russian counterpart for keeping his word on the brief winter freeze ceasefire. Last week Trump had picked up the phone and urged President Putin to refrain from attacking Kiev and other major cities. Trump said of the surprise pause that Putin had agreed to halt strikes for one week . Tr...
Putin 'Kept His Word' On Ceasefire, Trump Says, As Large Attacks On Kiev Resume President Trump has praised his Russian counterpart for keeping his word on the brief winter freeze ceasefire. Last week Trump had picked up the phone and urged President Putin to refrain from attacking Kiev and other major cities. Trump said of the surprise pause that Putin had agreed to halt strikes for one week . Trump has newly told reporters that the agreement expired on Sunday, and that Russia kept its word. "It was Sunday to Sunday, and it opened up and he hit them hard last night," Trump explained at the White House on Tuesday . "He kept his word on that … we’ll take anything, because it’s really, really cold over there." Russian attack in the Ukrainian capital on Feb. 3, 2026. via Associated Press But it was only last Thursday Jan.29 that first Trump unveiled the contents of the prior Putin call. It seems the pause lasted a little short of a full week, but maybe Trump is only counting business days? It is possible the phone call in question was held significantly before the announcement, but it remains there has not been a full week that Kiev hasn't seen bombs or drones in the sky. What Trump said at the time was: " Because of the extreme cold…I personally asked President Putin not to fire on Kiev and the cities and towns for a week." He went on to say Putin " agreed to do that , " adding that " we’re very happy" with the outcome. On Wednesday, American, Ukrainian and Russian representatives are once again gathered the United Arab Emirates for the next round of trilateral talks in an effort to forge a final peace. The Abu Dhabi talks are expected to run until Thursday. Ukrainian President Volodymyr Zelensky is complaining about the timeline of Trump's winter brief truce, saying it only began last Friday, a day after Trump announced he reached the temporary deal. And then as Reuters reported : Russia's air attack on Ukraine's energy system overnight on Tuesday was the biggest sin...
The Trump administration is reducing the number of immigration enforcement officers in Minnesota after state and local officials agreed to cooperate by turning over arrested immigrants, border tsar Tom Homan said on Wednesday. About 700 of the roughly 3,000 federal officers deployed around Minnesota will be withdrawn, Homan said. The immigration operations have upended the Twin Cities and escalate...
The Trump administration is reducing the number of immigration enforcement officers in Minnesota after state and local officials agreed to cooperate by turning over arrested immigrants, border tsar Tom Homan said on Wednesday. About 700 of the roughly 3,000 federal officers deployed around Minnesota will be withdrawn, Homan said. The immigration operations have upended the Twin Cities and escalated protests, especially since the killing of protester Alex Pretti, the second fatal shooting by federal officers in Minneapolis. “Given this increase in unprecedented collaboration, and as a result of the need for less public safety officers to do this work and a safer environment, I am announcing, effective immediately, we’ll draw down 700 people effective today – 700 law enforcement personnel,” Homan said during a news conference. Advertisement Homan said last week that federal officials could reduce the number of federal agents in Minnesota, but only if state and local officials cooperate. His comments came after President Donald Trump seemed to signal a willingness to ease tensions in the Minneapolis and St. Paul area. A banner reading “ICE OUT OF MN” hangs on the side of Wrecktangle Pizza on Monday. Photo: Getty Images via AFP Homan pushed for jails to alert ICE to inmates who could be deported, saying transferring such inmates to the agency is safer because it means fewer officers have to be out looking for people in the country illegally.
Fourth-quarter 2025 earnings for Internet stocks were significantly influenced by accelerating artificial intelligence adoption and massive infrastructure investments. Major tech companies substantially increased capital expenditures, with Meta nearly doubling spending to $115-$135 billion for 2026 to support AI initiatives. AI-driven demand fueled strong revenue growth, particularly benefiting so...
Fourth-quarter 2025 earnings for Internet stocks were significantly influenced by accelerating artificial intelligence adoption and massive infrastructure investments. Major tech companies substantially increased capital expenditures, with Meta nearly doubling spending to $115-$135 billion for 2026 to support AI initiatives. AI-driven demand fueled strong revenue growth, particularly benefiting software analytics companies and cloud computing providers. Strong advertising demand and improved AI-powered recommendation algorithms also boosted revenues for social media platforms, while enterprise AI adoption accelerated across commercial and government sectors. This is evident from the strong results delivered by Meta Platforms META. Meta Platforms' fourth-quarter performance is likely to have benefited from increasing AI-infusion across its services, which currently reach more than 3.58 billion people daily. META’s improved recommendation system is driving up user engagement. AI usage is making META a popular name among advertisers. Drawing on our proprietary research and market insight, we’ve identified four stocks — Akamai Technologies AKAM, Five9 FIVN, Fastly FSLY and Spotify Technology SPOT — that appear well-positioned to beat earnings estimates this season. Prospects of Internet Stocks The fourth quarter witnessed Internet stocks navigating a complex landscape shaped by both supportive and challenging dynamics. The artificial intelligence buildout boom remained a primary catalyst, as hyperscalers and technology companies accelerated capital expenditure plans to secure competitive positioning in AI infrastructure. Accelerated AI integration across platforms emerged as a significant driver, with companies demonstrating meaningful progress in monetizing AI capabilities through enhanced search functionality, content creation tools, and personalized user experiences. Digital advertising markets showed resilience, benefiting from improved targeting technologies and me...
The fourth quarter witnessed Internet stocks navigating a complex landscape shaped by both supportive and challenging dynamics. The artificial intelligence buildout boom remained a primary catalyst, as hyperscalers and technology companies accelerated capital expenditure plans to secure competitive positioning in AI infrastructure. Accelerated AI integration across platforms emerged as a significa...
The fourth quarter witnessed Internet stocks navigating a complex landscape shaped by both supportive and challenging dynamics. The artificial intelligence buildout boom remained a primary catalyst, as hyperscalers and technology companies accelerated capital expenditure plans to secure competitive positioning in AI infrastructure. Accelerated AI integration across platforms emerged as a significant driver, with companies demonstrating meaningful progress in monetizing AI capabilities through enhanced search functionality, content creation tools, and personalized user experiences. Digital advertising markets showed resilience, benefiting from improved targeting technologies and measurement capabilities that enhanced return on investment for advertisers. Cloud infrastructure demand continued to expand as enterprises accelerated digital transformation initiatives, supporting Internet companies with significant cloud computing divisions. The Federal Reserve's monetary easing cycle that began in September continued to support growth-oriented Internet stocks, creating a more accommodative financial environment. Seasonal market patterns also played a favorable role, with historically strong fourth-quarter performance trends providing positive technical momentum for equity markets. However, tariff-related uncertainty continued casting shadows over the quarter. Trade tensions persisted despite some bilateral agreements, creating concerns about cost pressures and supply chain disruptions. Software application companies faced particular challenges as concerns mounted about AI disruption threatening traditional business models, leading to underperformance within the broader technology sector. Meanwhile, advertising-dependent business models faced potential pressure from economic deceleration concerns, raising questions about sustained capital expenditure levels by major cloud providers. The quarter ultimately reflected a tug-of-war between transformative technological opportun...
Image source: The Motley Fool. Feb. 4, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Joakim Weidemanis Chief Financial Officer — Marc Vandiepenbeeck Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Orders Growth -- Orders increased nearly 40%, following a 16% comparison period, with data center, life sciences, and mission-critical verticals all contribu...
Image source: The Motley Fool. Feb. 4, 2026 at 8:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Joakim Weidemanis Chief Financial Officer — Marc Vandiepenbeeck Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Orders Growth -- Orders increased nearly 40%, following a 16% comparison period, with data center, life sciences, and mission-critical verticals all contributing. -- Orders increased nearly 40%, following a 16% comparison period, with data center, life sciences, and mission-critical verticals all contributing. Revenue -- Reported organic revenue grew 6%, with service delivering 9% growth and all regions achieving positive sales momentum. -- Reported organic revenue grew 6%, with service delivering 9% growth and all regions achieving positive sales momentum. Adjusted EBIT Margins -- Margins expanded by 190 basis points to reach 12.4%, attributed to productivity, pricing, and structural cost improvements. -- Margins expanded by 190 basis points to reach 12.4%, attributed to productivity, pricing, and structural cost improvements. Adjusted EPS -- Adjusted earnings per share rose nearly 40% to $0.89, surpassing prior guidance. -- Adjusted earnings per share rose nearly 40% to $0.89, surpassing prior guidance. Segment Margins -- Americas delivered adjusted segment EBITDA margin of 16.4% (up 20 basis points), EMEA 13.5% (up 120 basis points), APAC 16.9% (up 290 basis points), supported by both volume and productivity gains. -- Americas delivered adjusted segment EBITDA margin of 16.4% (up 20 basis points), EMEA 13.5% (up 120 basis points), APAC 16.9% (up 290 basis points), supported by both volume and productivity gains. Backlog -- The backlog reached a record $18 billion, representing year-over-year growth of 20%. -- The backlog reached a record $18 billion, representing year-over-year growth of 20%. Balance Sheet and Liquidity -- Johnson Controls International JCI +6.73% ) -- Operating Leverage -- Operating leverage for the current...
Key Points The S&P 500 has a consistent pattern in the year leading up to and after U.S. midterm elections. The average S&P 500 returns in the 12 months after midterm elections are a solid 13.6%. Investors should consider dollar-cost averaging to avoid trying to time the market. 10 stocks we like better than S&P 500 Index › After a down year in 2022, the S&P 500 (SNPINDEX: ^GSPC) has pulled off th...
Key Points The S&P 500 has a consistent pattern in the year leading up to and after U.S. midterm elections. The average S&P 500 returns in the 12 months after midterm elections are a solid 13.6%. Investors should consider dollar-cost averaging to avoid trying to time the market. 10 stocks we like better than S&P 500 Index › After a down year in 2022, the S&P 500 (SNPINDEX: ^GSPC) has pulled off three consecutive years of double-digit gains (16% in 2025, 23% in 2024, and 24% in 2023). It's only the eighth time that this has happened since 1926. Who knows what 2026 holds for the stock market's most popular index? But with the U.S. midterm elections in November, there's an interesting pattern worth noting. It's a historical pattern that could work in investors' favor -- but there's a catch. 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 can get cloudy before it gets sunny again History shows that the S&P 500 often hits a rough patch in the year leading up to the midterm elections. The good news is that in the 12 months after, the S&P 500 has typically gone on a good run. Midterm Date Largest Drawdown Before Midterm S&P 500 Returns Post-Midterms (12m) Nov. 8, 2022 (25.4%) 13.6% Nov. 6, 2018 (10.2%) 12% Nov. 4, 2014 (7.4%) 4.5% Nov. 2, 2010 (16%) 2.1% Nov. 7, 2006 (7.7%) 6.6% Nov. 5, 2002 (33.8%) 14.9% Nov. 3, 1998 (19.3%) 22% Nov. 8, 1994 (8.9%) 25.9% Nov. 6, 1990 (19.9%) 24.7% Nov. 4, 1986 (9.4%) 1.9% These are just the past 10 midterms, too. Dating back to the 1926 midterm, the average S&P 500 returns in the 12 months after are 13.6%. The only two times that it finished negatively were after the 1930 and 1938 midterms. Every situation is different, but one broad reason this tends to be the case is that there's more certainty after the midterms. Leading up to it, there's a chance new leadership could mean new regulations, tax rule changes, or an...
Joaquin Corbalan/iStock via Getty Images Nova Minerals ( NVA ) said late Tuesday it plans to redomicile to the U.S. following the loss of its foreign private issuer status while retaining its dual ASX and Nasdaq listings. In addition to reducing potential compliance obstacles, Nova's ( NVA ) board believes the proposed redomiciliation has several benefits, including improved access to lower-cost e...
Joaquin Corbalan/iStock via Getty Images Nova Minerals ( NVA ) said late Tuesday it plans to redomicile to the U.S. following the loss of its foreign private issuer status while retaining its dual ASX and Nasdaq listings. In addition to reducing potential compliance obstacles, Nova's ( NVA ) board believes the proposed redomiciliation has several benefits, including improved access to lower-cost equity capital in the U.S. markets, which are larger and more diverse than Australian capital markets, and increased appeal to a broader U.S. investor base. As part of the reorganization, Nova ( NVA ) said it will seek to acquire the remaining 15% interest in its Estelle gold and critical minerals project in Alaska, securing full ownership to support its advancement toward construction and facilitating access to funding. Nova ( NVA ) also said CFO Michael Melamed has provided three months' notice that he intends to resign from his position, as the company begins a search for a U.S.-based CFO with experience in mining operations and U.S. GAAP accounting. More on Nova Minerals Nova Minerals: Solid Capital Injection And Possible Mineral Production In 2026 Nova Minerals Discusses Estelle Project Strategy and Major U.S. Award for Antimony Production Transcript Seeking Alpha’s Quant Rating on Nova Minerals
Ralf Geithe/iStock via Getty Images Thesis Devon Energy ( DVN ) and Coterra Energy ( CTRA ) announced a merger of equals on February 2nd . The combined entities will now have a merged value of roughly $58 billion. The transaction checks multiple boxes for investors. The deal increases the dividend to equivalent to that of CTRA, giving DVN shareholders a slight boost in yield. Additionally, the com...
Ralf Geithe/iStock via Getty Images Thesis Devon Energy ( DVN ) and Coterra Energy ( CTRA ) announced a merger of equals on February 2nd . The combined entities will now have a merged value of roughly $58 billion. The transaction checks multiple boxes for investors. The deal increases the dividend to equivalent to that of CTRA, giving DVN shareholders a slight boost in yield. Additionally, the combined companies are expected to realize $1B in synergies, allowing for double-digit free cash flow yield post-merger. The deal also strengthens the optionality of the DVN portfolio through specific investment hubs in oil, wet gas, and dry gas via the Delaware, Anadarko, and Marcellus shales. These basins can also implement the efficiency improvements of CTRA’s large row projects as well as DVN’s usage of AI-driven artificial lift. Combined, the synergy potential is large. The deal enhances the value of both companies that I have previously rated positively. The new and more efficient version is well deserving of a BUY rating. Merger Highlights CTRA shareholders will receive 0.7 DVN shares for each of their existing shares. The combination will result in the pro forma version of DVN ratcheting up in scale, now exceeding the likes of EOG Resources ( EOG ) and Occidental Petroleum ( OXY ) in terms of total production. DVN+CTRA Investor Presentation Also of note is the company’s shift to a gassier portfolio. The combined entity will have an oil cut of roughly one-third of total production. This is likely to be seen as a positive in both the near and medium terms as gas returns are expected to be more favorable versus oil. Operationally, the main attraction for investors is centered in the Permian Basin. The combined entity will have a significantly expanded scale, particularly in the Northern Delaware. Here we can see that many of the seemingly “lost” CTRA blocks fit nicely into the neighboring DVN acreage. This effectively makes multiple “sub-cores” within the Delaware Basin, ...
Kemi Badenoch is using an arcane parliamentary procedure known as a humble address to try to compel the government to release documents relating to the appointment of Peter Mandelson as Britain’s ambassador to the US. The Conservative leader’s aim is to secure the release of documents including the due diligence work carried out by the Cabinet Office, and emails between Mandelson and Morgan McSwee...
Kemi Badenoch is using an arcane parliamentary procedure known as a humble address to try to compel the government to release documents relating to the appointment of Peter Mandelson as Britain’s ambassador to the US. The Conservative leader’s aim is to secure the release of documents including the due diligence work carried out by the Cabinet Office, and emails between Mandelson and Morgan McSweeney, an ally of the former peer who is now chief of staff at No 10. What is a humble address? It is a motion sometimes tabled by the opposition on a day in the House of Commons allocated for the discussion of subjects chosen by non-government parties. Officially a petition to the monarch, which can be used as a way of extracting something from the government, it is used for reasons including calling for papers from departments headed by a secretary of state. It can be debated, amended and voted on like any other motion. In the case of the one put forward this week, the government has added an amendment stating that all documents would be published “except papers prejudicial to UK national security or international relations”. If agreed, humble addresses are understood to be binding on the house. What is their history? Humble addresses have rarely been used over the past 200 years, but were deployed as far back as 1715, during the first parliament of George I, to address what its proponents viewed as national security fears “abetted and encouraged by treasonable practices at home, in favour of a Popish Pretender”. John Stuart Mill, a liberal philosopher and MP, used a humble address in 1866 as part of the campaign to extend votes to women. Have they become more frequent? While originally regarded as a polite, ceremonial message, one view is that they have been politically weaponised in recent years by opposition parties looking for procedural back doors to force the release of sensitive documents. A key moment came in 2017 when the Tory-led government conceded that it had to...
B4LLS The S&P Global U.S. Composite PMI rose to 53.0 in January from 52.7 in December, and compared to the 52.8 recorded in the preliminary reading, according to data released on Wednesday. The services PMI rose to 52.7 from 52.5 in December, vs. 52.5 flash. Employment, meanwhile, rose only marginally, while confidence in the outlook softened. Cost pressures remained elevated, although inflation w...
B4LLS The S&P Global U.S. Composite PMI rose to 53.0 in January from 52.7 in December, and compared to the 52.8 recorded in the preliminary reading, according to data released on Wednesday. The services PMI rose to 52.7 from 52.5 in December, vs. 52.5 flash. Employment, meanwhile, rose only marginally, while confidence in the outlook softened. Cost pressures remained elevated, although inflation weakened from the end of 2025. A similar trend was seen for output charges. "Sustained service sector growth, supported by a robust rise in manufacturing output in January, indicates the economy is growing at an annualized rate of around 1.7%," said Chris Williamson, chief business economist at S&P Global Market Intelligence. "However, that's a lower gear compared to the pace of expansion seen prior to December's slowdown, and hints at GDP growth cooling in the first quarter," added Williamson. More on U.S. Economy U.S. private sector labor market softens further in January: ADP jobs report House passes spending bill to end partial government shutdown The U.S. is set to run the economy hot in 2026, TS Lombard says
Key Points Hycroft Mining is a gold and silver miner that rose alongside metals prices. The company is sitting on proposed gold and silver mines, but is not actually operating today. The stock looks highly risky for investors, even after dipping in February. 10 stocks we like better than Hycroft Mining › Shares of Hycroft Mining (NASDAQ: HYMC) rocketed 57% higher in January, according to data from...
Key Points Hycroft Mining is a gold and silver miner that rose alongside metals prices. The company is sitting on proposed gold and silver mines, but is not actually operating today. The stock looks highly risky for investors, even after dipping in February. 10 stocks we like better than Hycroft Mining › Shares of Hycroft Mining (NASDAQ: HYMC) rocketed 57% higher in January, according to data from S&P Global Market Intelligence. The company, which owns proposed gold and silver mines but does not actually mine today, is seeing a booming stock price amid the resurgence of metals prices. The company also outlined a large silver concentration late in December, which could prove profitable. However, with gold and silver prices collapsing to start February, Hycroft Mining stock has quickly retraced 23% from recent highs. Here's why the stock was rising in January, and whether now is a good time to buy the dip on this gold and silver miner. 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 » Booming metals pricing The mining business is easy to understand. If you can produce refined metal at a price below the current selling price, the business will make a profit, meaning the higher the price, the better. With gold and silver both up around 100% in the last year, investors turned Hycroft Mining into a momentum stock. It is up over 1,000% in the last twelve months based on assumptions for operating leverage once it begins to mine for gold and silver. It even announced a high silver concentration at one of its locations in December, which, combined with a rapidly rising silver price, sent Hycroft Mining stock into overdrive. There is just one problem with Hycroft Mining: it does not actually mine metal today. It will be a few years -- if not longer -- before the company plans to actually bring gold and silver to market. This means it cannot take advantage of the recent price surge and must hop...
The upshot of Glencore selling a stake in its DRC business to a U.S. government backed entity is a cash injection and a potential derisking of its mining operations.
The upshot of Glencore selling a stake in its DRC business to a U.S. government backed entity is a cash injection and a potential derisking of its mining operations.
(RTTNews) - Shares of Advanced Micro Devices, Inc. (AMD) are falling about 12 percent on Wednesday morning trading despite no corporate-related announcements to impact the movement. The company's shares are currently trading at $211.46 on the Nasdaq, down 12.81 percent. The stock opened at $209.79 and has climbed as high as $218.58 so far in today's session. Over the past year, it has traded in a ...
(RTTNews) - Shares of Advanced Micro Devices, Inc. (AMD) are falling about 12 percent on Wednesday morning trading despite no corporate-related announcements to impact the movement. The company's shares are currently trading at $211.46 on the Nasdaq, down 12.81 percent. The stock opened at $209.79 and has climbed as high as $218.58 so far in today's session. Over the past year, it has traded in a range of $76.48 to $267.08. AMD closed trading at $242.11 on Tuesday. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.