There was always a version of this story that ended in a single, violent instant. Lindsey Vonn was 13th to push out of the start gate on Sunday in Cortina d’Ampezzo knowing exactly what she was racing with: a fully ruptured anterior cruciate ligament in her left knee, a heavy brace wrapped around the joint, and the accumulated wear of a career spent flirting with speed and consequence. Vonn barely...
There was always a version of this story that ended in a single, violent instant. Lindsey Vonn was 13th to push out of the start gate on Sunday in Cortina d’Ampezzo knowing exactly what she was racing with: a fully ruptured anterior cruciate ligament in her left knee, a heavy brace wrapped around the joint, and the accumulated wear of a career spent flirting with speed and consequence. Vonn barely made it out of the opening phase of the run. Not 13 seconds into her descent, under bright late-morning sunshine on the Olimpia delle Tofane, the 41‑year‑old American appeared to clip her right pole on a gate. The contact was subtle, almost imperceptible at full speed, but catastrophic in effect. She lost her balance, lurched violently to the right, twisted awkwardly in the air and landed hard on her side before being pitched backward down the piste. On the television coverage, her screams could be heard over the course microphones as she slid to a stop along the side of the run. In the finish area, the noise dissipated from the crowd of thousands gathered at the Tofane Alpine Centre. Teammates watching the big screen in clusters froze. Breezy Johnson, the reigning world champion who had just set the fastest time – 0.04 seconds clear of Germany’s Emma Aicher – covered her eyes and turned away. Nearby, Vonn’s sister, watching from the bottom, stood motionless, her face drained of color. Within seconds, the race was stopped. Medical staff reached Vonn as she lay on the course, and within minutes a helicopter was called. The delay stretched toward half an hour as she was stabilized, strapped into a stretcher and winched into the air – the second time in nine days she had left a racecourse by helicopter, after crashing in Crans‑Montana, Switzerland, the week before. As the aircraft lifted away, the crowd broke from their stunned silence into sustained applause. Just like that, the Olympic downhill Vonn had spent two years trying to reach, and six years believing she might neve...
Key Points Even though this business launched its flagship steaming platform 12 years after Netflix, it has quickly grown into a global platform. What were once billions in operating losses for the streaming segment have now turned into surging profits. Because the stock trades at a sizable discount to the S&P 500, there’s added upside for investors. 10 stocks we like better than Walt Disney › Net...
Key Points Even though this business launched its flagship steaming platform 12 years after Netflix, it has quickly grown into a global platform. What were once billions in operating losses for the streaming segment have now turned into surging profits. Because the stock trades at a sizable discount to the S&P 500, there’s added upside for investors. 10 stocks we like better than Walt Disney › Netflix's jaw-dropping success sparked the streaming movement. And now, the industry is crowded with numerous players all jockeying for viewership in the attention economy. There's one well-known Netflix rival, which itself has long been a juggernaut in the media and entertainment industry, that is posting skyrocketing streaming profits. And the stock is down 48% from its peak (as of Feb. 5). 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 » Is this a bargain opportunity that's ready for a bull run? Better late than never It's crazy to think that Netflix launched its streaming service all the way back in 2007. It wasn't until the end of 2019 that Walt Disney (NYSE: DIS) stepped into the ring. In November of that year, Disney+ hit the market. It was a rough start. In fiscal 2020 and fiscal 2021, Disney's direct-to-consumer (DTC) streaming operations, which also included Hulu and ESPN+, reported a cumulative operating loss of $4.6 billion. Investors became skeptical about the segment's long-term viability. The company quickly scaled up its subscriber base, though, thanks in large part to its unmatched intellectual property from the likes of Pixar, Star Wars, and Marvel, all of which have global appeal. The DTC division's operating profit totaled $1.3 billion in fiscal 2025 (ended Sept. 27, 2025). It is expected to be $500 million in the current quarter (Q2 2026), or about $200 million higher than the year-ago period. Tactical pricing actions and expense discipl...
Russia Accused Of Intercepting, Shadowing European Satellites For Signals Intelligence Russian spacecraft have reportedly been intercepting the communications of at least a dozen high-value European satellites, according to EU security officials, in the latest Ukraine-related 'scare' by Moscow. However, any information gleaned would be from communications that the satellite operators failed to enc...
Russia Accused Of Intercepting, Shadowing European Satellites For Signals Intelligence Russian spacecraft have reportedly been intercepting the communications of at least a dozen high-value European satellites, according to EU security officials, in the latest Ukraine-related 'scare' by Moscow. However, any information gleaned would be from communications that the satellite operators failed to encrypt. Officials told the Financial Times that such interceptions risk exposing sensitive data and could even give Russia the ability to interfere with satellite trajectories or even force them offline entirely . Illustrative, source: Pixabay "Two Russian satellites 'Luch-1' and 'Luch-2' repeatedly approached European communication satellites and could intercept information from at least ten key geostationary satellites located over Europe," the report says. It was already widely reported that Russian spacecraft have increasingly shadowed European satellites in recent years, tracking them closely as tensions with the West spiraled related to Ukraine - a trend also highlighting how space is fast becoming the next battlefield. Also, this isn't the first time some very specific allegations have been publicly made, as last year German Defense Minister Boris Pistorius said Russian Luch Olymp surveillance satellites were trailing Germany's Intelsat satellites , which are also used by other governments. The Russian craft are said to linger near their targets for weeks at a time , with Luch-2 in particular being known to have approached at least 17 satellites. German officials have bluntly alleged that these Russian satellites are not benign or for civilian use, but clearly are in the "signals intelligence business" . In the background, there are fears that Ukraine and its European backers are far outmatched by Russia's space capabilities. One publication called this a wake-up call : Russia, they found, could draw on a fleet of roughly 200 satellites with military utility. Ukraine h...
Key Points VXUS and IXUS both offer broad international equity exposure, but Vanguard’s ETF has more than double the holdings of IXUS. Both funds have a similar sector allocation, leaning more towards the financial sector. 10 stocks we like better than iShares Trust - iShares Core Msci Total International Stock ETF › Both the Vanguard Total International Stock ETF (NASDAQ:VXUS) and iShares Core MS...
Key Points VXUS and IXUS both offer broad international equity exposure, but Vanguard’s ETF has more than double the holdings of IXUS. Both funds have a similar sector allocation, leaning more towards the financial sector. 10 stocks we like better than iShares Trust - iShares Core Msci Total International Stock ETF › Both the Vanguard Total International Stock ETF (NASDAQ:VXUS) and iShares Core MSCI Total International Stock ETF (NASDAQ:IXUS) target the performance of international stock markets outside the United States, making them core vehicles for global diversification. This comparison highlights their expense ratios, returns, sector exposures, and portfolio makeup to help investors weigh which may fit best in a long-term allocation. Snapshot (cost & size) Metric VXUS IXUS Issuer Vanguard IShares Expense ratio 0.05% 0.07% 1-yr return (as of Feb. 7, 2026) 31.83% 31.67% Dividend yield 2.96% 3.01% Beta 1.00 0.76 AUM $133.1 billion $54.40 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. IXUS charges a slightly higher fee than VXUS and has a higher dividend yield, but the difference is small. Performance & risk comparison Metric VXUS IXUS Max drawdown (5 y) -29.43% -30.05% Growth of $1,000 over 5 years $1,277 $1,282 What's inside IXUS tracks an MSCI index covering large-, mid-, and small-cap stocks from developed and emerging markets, excluding the United States. It holds 4,211 securities, with its largest positions in Taiwan Semiconductor Manufacturing (2330.SR), Samsung Electronics Ltd (005930.KS), and ASML Holding N.V. (AMS:ASML.AS). Financial services, industrials, and technology are the top sectors by weight. The fund launched over 13 years ago, aiming for broad, low-cost international diversification. VXUS, by contrast, spreads its assets across 8,602 stocks, doubling IXUS’s holding count and slightly increasing exposure to fina...
4m ago 13.37 GMT Quiz time: what does this seminal 80s kids’ TV show have to do with Crystal Palace? Share 6m ago 13.36 GMT Get a load of this: Playing for Palace: Paul Hinshelwood, late grandfather of Jack. Share 8m ago 13.33 GMT I’ll probably end up looking silly, but I quite fancy Palace here. Brighton lack a reliable scorer – though Katsoulas’ brilliant goal against Bournemouth tells us he kno...
4m ago 13.37 GMT Quiz time: what does this seminal 80s kids’ TV show have to do with Crystal Palace? Share 6m ago 13.36 GMT Get a load of this: Playing for Palace: Paul Hinshelwood, late grandfather of Jack. Share 8m ago 13.33 GMT I’ll probably end up looking silly, but I quite fancy Palace here. Brighton lack a reliable scorer – though Katsoulas’ brilliant goal against Bournemouth tells us he knows where the goal is – and I think Palace have the speed of foot and of pass to cause them problems. Share 11m ago 13.31 GMT So where is the game? Brighton will expect – and probably allowed – to have more of the ball, with Mitoma and Rutter staying narrow and Kadioglu and De Cuyper keeping width outside them – especially useful when facing a three-at-the-back system. The space will be in behind the wing-backs and down the sides of the centre-backs, though I’d also expect Katsoulas to target the space in behind. Palace, meanwhile, will look for Wharton to fire those hard, low passes into Strand Larsen, with Pino and Sarr roaming behind, looking to combine and hit the space in behind; I’d also expect them to try plenty of crosses, with their new striker looking to hit the front post. Share 16m ago 13.26 GMT Glasner tells Sky that Strand Larsen has shown in training that he can score, something Palace have been without lately; the team need to offer him crosses and runs into the box to create space for him. He’s happy to have more options than previously. Share 25m ago 13.17 GMT Palace, meanwhile, are without Mateta but with Strand Larsen, who makes a debut. And with Adam Wharton back from suspension, Jefferson Lerma moves into the back three with Riad relocating to the bench. Share 27m ago 13.14 GMT Otherwise, the headline news is that 17-year-old Harry Howell comes in for a full Premier League debut; he’ll be on the right of Brighton’s midfield three. “It’s not about age, it’s about quality,” Hurzeler says, noting that excellence in training was crucial in making his mind u...
Fee structure, asset mix, and liquidity set these crypto ETFs apart—see how each approach shapes investor experience and risk. Fidelity Wise Origin Bitcoin Fund (FBTC +9.94%) and Grayscale CoinDesk Crypto 5 ETF (GDLC +10.61%) differ most in cost, portfolio concentration, and liquidity, with FBTC charging a lower fee but offering pure Bitcoin exposure, while GDLC holds a broader crypto basket at a ...
Fee structure, asset mix, and liquidity set these crypto ETFs apart—see how each approach shapes investor experience and risk. Fidelity Wise Origin Bitcoin Fund (FBTC +9.94%) and Grayscale CoinDesk Crypto 5 ETF (GDLC +10.61%) differ most in cost, portfolio concentration, and liquidity, with FBTC charging a lower fee but offering pure Bitcoin exposure, while GDLC holds a broader crypto basket at a higher price. This comparison looks at two of the most prominent crypto-focused exchange-traded funds: Grayscale CoinDesk Crypto 5 ETF, which tracks a basket of large digital assets, and Fidelity Wise Origin Bitcoin Fund, which offers direct exposure to Bitcoin. Both seek to simplify access to the digital asset class, but their approaches and risk profiles diverge in meaningful ways. Snapshot (cost & size) Metric GDLC FBTC Issuer Grayscale Fidelity Expense ratio 0.59% 0.25% 1-yr return (as of 2026-01-30) -17.2% -20.4% AUM $538.8 million $16.08 billion FBTC stands out as the more affordable option on fees, charging less than half GDLC’s expense ratio. Performance & risk comparison Metric GDLC FBTC Max drawdown (2 y) (36.94%) (33.28%) Growth of $1,000 over 2 years $2,794 $1,961 What's inside FBTC is designed for investors seeking direct exposure to Bitcoin, holding just two positions: Bitcoin (accounting for almost the entire portfolio) and a negligible allocation to net other assets. The fund has been trading for just over two years. With around 240 million shares outstanding and $16.08 billion in assets under management, FBTC offers ample liquidity and ease of entry or exit. Expand NYSEMKT : FBTC Fidelity Wise Origin Bitcoin Fund Today's Change ( 9.94 %) $ 5.51 Current Price $ 60.96 Key Data Points Day's Range $ 58.40 - $ 62.32 52wk Range $ 54.20 - $ 110.25 Volume 10M Avg Vol 7M GDLC, by contrast, holds a diversified basket of five large-cap digital assets, but its current top holdings in Bitcoin, Ethereum, and BNB are 93.12%. This broader approach spreads risk across multi...
England fought from the brink to avoid a major shock and beat an inspired Nepal by four runs in their opening match of the T20 World Cup in Mumbai. A month on from the conclusion of their Ashes defeat, England needed Sam Curran to defend 10 from the last over to deny Nepal the biggest win in their cricketing history and save his side from more misery. The brilliant Lokesh Bam needed to hit the las...
England fought from the brink to avoid a major shock and beat an inspired Nepal by four runs in their opening match of the T20 World Cup in Mumbai. A month on from the conclusion of their Ashes defeat, England needed Sam Curran to defend 10 from the last over to deny Nepal the biggest win in their cricketing history and save his side from more misery. The brilliant Lokesh Bam needed to hit the last ball for six to secure victory but only managed one. Lokesh, who finished on 39 not out from 20 balls, dropped to his haunches at the finish as England's shook his hand to congratulate his efforts. He had looked to be taking his side to victory when he struck two sixes to take Jofra Archer for 22 in the 18th over before striking Luke Wood for another two fours in the 19th. But England hung on - the recently-recalled Curran finding yorkers under pressure at the death. It means head coach Brendon McCullum and captain Harry Brook begin their World Cup without the ignominy of overseeing one of the biggest upsets in World Cup history. They have three days before their next match against West Indies on Wednesday at the same ground. England's relief was obvious at the end. There was no wild celebration. They had pulled it back from the brink. Despite all that has happened this winter, they come into this World Cup among the favourites having won 10 of their past 11 T20s. Had Curran not salvaged the victory, everything – McCullum's future in particular - would have come under the microscope again. That is pushed back for another day. England must also be praised for not wilting where other England sides have before. Praise must also go to Will Jacks, who struck three important sixes at the death in England's 184-7, and Liam Dawson, who took 2-21 from his four overs in his first World Cup match aged 35.
A memorial for the victims of a deadly fire at a new year party in Switzerland itself caught fire early on Sunday, probably sparked by candles left burning inside, police have said. It was a makeshift tribute to the 41 people killed and the 115 injured in the fire that erupted in the early hours of 1 January at Le Constellation bar in the ski resort town of Crans-Montana, which was packed with mai...
A memorial for the victims of a deadly fire at a new year party in Switzerland itself caught fire early on Sunday, probably sparked by candles left burning inside, police have said. It was a makeshift tribute to the 41 people killed and the 115 injured in the fire that erupted in the early hours of 1 January at Le Constellation bar in the ski resort town of Crans-Montana, which was packed with mainly teenagers and young adults. The memorial, laden with flowers, candles and messages of condolence, had been set up near the site of the tragedy. It caught alight shortly before 6am on Sunday, regional police in Switzerland’s south-western canton of Valais said in a statement. Images broadcast by Swiss public broadcaster RTS on Sunday showed the blackened top of a white, igloo-like tarpaulin erected over the memorial to protect it from the weather, visible behind a white screen and police tape. “Thanks to the rapid intervention of the emergency services, the fire was quickly brought under control,” police said. No one was injured in the fire at the memorial, they said, adding, however, that “several commemorative objects were damaged by the flames.” A large book of remembrance, filled with messages of condolence left by those who have visited the memorial over the past five weeks, had been saved, the statement said. Police said an investigation had been opened into what caused the blaze at the memorial, which had initially been placed in front of the burned-out bar but which had recently been moved a bit farther away. “According to initial reports, the fire started near the candles placed on a table in the centre of the memorial,” the statement said. “At this stage, third-party involvement can be ruled out.” Investigators believe that the new year inferno at Le Constellation started when champagne bottles with sparklers attached were raised too close to a ceiling in the bar crowded with revellers, igniting sound insulation foam. The French couple who co-owned the bar, Jac...
E.l.f. shares made a sudden reversal after big gains. After opening up with big gains following the announcement of its fiscal third-quarter results, e.l.f. Beauty (ELF +6.99%) did a complete 180 to trade decisively lower. However, this surprising reversal after outstanding results and increased guidance looks like a golden opportunity to buy the stock. Sales jump For its fiscal Q3, ended Dec. 31,...
E.l.f. shares made a sudden reversal after big gains. After opening up with big gains following the announcement of its fiscal third-quarter results, e.l.f. Beauty (ELF +6.99%) did a complete 180 to trade decisively lower. However, this surprising reversal after outstanding results and increased guidance looks like a golden opportunity to buy the stock. Sales jump For its fiscal Q3, ended Dec. 31, e.l.f. Beauty sales soared 38% year over year to $489.5 million, easily topping the analyst consensus of $460 million, as compiled by LSEG. Adjusted earnings per share (EPS), meanwhile, surged 68% from $0.74 to $1.24, besting the $0.72 analyst consensus. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 79% to $123 million. Expand NYSE : ELF e.l.f. Beauty Today's Change ( 6.99 %) $ 5.37 Current Price $ 82.23 Key Data Points Market Cap $4.9B Day's Range $ 76.32 - $ 84.40 52wk Range $ 49.40 - $ 150.99 Volume 124K Avg Vol 2.2M Gross Margin 65.91 % Organic growth, excluding its acquisition of Rhode, rose 2%. However, total consumption climbed 6%, including 8% in the U.S. Meanwhile, its namesake brand took 130 basis points of share in the mass cosmetics market in the quarter. Rhode contributed $128 million in revenue in the quarter, bolstered by its launch at Sephora, which is owned by LVMH. U.S. revenue rose by 36%, while international revenue climbed 44%. However, it said it was seeing weak consumption in the U.K., while noting it also lapped its launch into the German market through Rossmann stores. Looking ahead, e.l.f. raised its full-year fiscal 2026 guidance, with sales now expected to increase 22% to 33%, up from a prior expectation of 18% to 20% growth. Below is its updated outlook. Metric Prior Fiscal 2025 Outlook Updated Fiscal 2025 Outlook Net sales $1.55 billion to $1.57 billion $1.6 billion to $1.612 billion Adjusted EBITDA $302 million to $306 million $323 million to $326 million Adjusted EPS $2.80 to $2.85 $3.05 to $3.10 Th...
Here are two leaders in growing industries that should reward patience. Successful investing is not complicated. Focusing on companies that offer services people use every day can help you avoid many mistakes and put you on the path to a happy retirement. Amazon (AMZN 5.55%) and Booking Holdings (BKNG +0.31%) are two dominant leaders in e-commerce, cloud computing, and travel. Here's why these sto...
Here are two leaders in growing industries that should reward patience. Successful investing is not complicated. Focusing on companies that offer services people use every day can help you avoid many mistakes and put you on the path to a happy retirement. Amazon (AMZN 5.55%) and Booking Holdings (BKNG +0.31%) are two dominant leaders in e-commerce, cloud computing, and travel. Here's why these stocks are strong long-term investments. Amazon Amazon is a relentless innovator that has greatly benefited long-term shareholders. Its dominance in e-commerce and its growing revenue streams in advertising and cloud computing provide multiple ways for the company to increase the value of your investment over time. Amazon's online retail business has a durable competitive advantage built on its extensive infrastructure and same-day delivery to customers in cities across the U.S. While other large retailers have stepped up their e-commerce game in recent years, Amazon continues to stay a step ahead. In the third quarter, management noted that its Rufus AI-powered shopping assistant had reached 250 million active users and was projected to hit $10 billion in incremental annualized sales for 2025. Expand NASDAQ : AMZN Amazon Today's Change ( -5.55 %) $ -12.37 Current Price $ 210.32 Key Data Points Market Cap $2.2T Day's Range $ 200.31 - $ 211.44 52wk Range $ 161.38 - $ 258.60 Volume 179M Avg Vol 44M Gross Margin 50.29 % Adding to its e-commerce advantages, the company's large customer base has turned into an advertising magnet. Revenue from ad services now has a $85 billion annual run rate, with ad service revenue up 22% year over year in the fourth quarter. As more brands shift their ad spending to digital platforms, Amazon is clearly positioned to benefit. However, Amazon Web Services (AWS) remains the company's AI growth engine. Its investments in custom chips and data center capacity are helping organizations reduce the cost of using AI services in the cloud. AWS revenue rose...
Key Points E.l.f. turned in strong fiscal Q3 results that crushed estimates. The growth was led by Rhode, which is exceeding expectations. The stock is trading at a bargain valuation. 10 stocks we like better than e.l.f. Beauty › After opening up with big gains following the announcement of its fiscal third-quarter results, e.l.f. Beauty (NYSE: ELF) did a complete 180 to trade decisively lower. Ho...
Key Points E.l.f. turned in strong fiscal Q3 results that crushed estimates. The growth was led by Rhode, which is exceeding expectations. The stock is trading at a bargain valuation. 10 stocks we like better than e.l.f. Beauty › After opening up with big gains following the announcement of its fiscal third-quarter results, e.l.f. Beauty (NYSE: ELF) did a complete 180 to trade decisively lower. However, this surprising reversal after outstanding results and increased guidance looks like a golden opportunity to buy the stock. 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 » Sales jump For its fiscal Q3, ended Dec. 31, e.l.f. Beauty sales soared 38% year over year to $489.5 million, easily topping the analyst consensus of $460 million, as compiled by LSEG. Adjusted earnings per share (EPS), meanwhile, surged 68% from $0.74 to $1.24, besting the $0.72 analyst consensus. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 79% to $123 million. Organic growth, excluding its acquisition of Rhode, rose 2%. However, total consumption climbed 6%, including 8% in the U.S. Meanwhile, its namesake brand took 130 basis points of share in the mass cosmetics market in the quarter. Rhode contributed $128 million in revenue in the quarter, bolstered by its launch at Sephora, which is owned by LVMH. U.S. revenue rose by 36%, while international revenue climbed 44%. However, it said it was seeing weak consumption in the U.K., while noting it also lapped its launch into the German market through Rossmann stores. Looking ahead, e.l.f. raised its full-year fiscal 2026 guidance, with sales now expected to increase 22% to 33%, up from a prior expectation of 18% to 20% growth. Below is its updated outlook. Metric Prior Fiscal 2025 Outlook Updated Fiscal 2025 Outlook Net sales $1.55 billion to $1.57 billion $1.6 billion to $1.612 billion...
coffeekai/iStock via Getty Images Elevator Thesis A few days back, I deep-dived into Essential Utilities ( WTRG ) and why boring businesses usually prove to be highly profitable. Indeed, regulated utilities do not grow quickly, and neither do they make headlines. Nevertheless, they collect constant cash from customers who need their services regardless of how the economy is performing. My interest...
coffeekai/iStock via Getty Images Elevator Thesis A few days back, I deep-dived into Essential Utilities ( WTRG ) and why boring businesses usually prove to be highly profitable. Indeed, regulated utilities do not grow quickly, and neither do they make headlines. Nevertheless, they collect constant cash from customers who need their services regardless of how the economy is performing. My interest in the sector took me to another utility stock, which I am going to dissect today. It is one other than New Jersey Resources ( NJR ). Fundamentally, NJR is a regulated energy utility. It transfers natural gas to households and businesses and earns a reliable cash flow in return. Its core business, New Jersey Natural Gas, is steadily expanding by making smart investments in infrastructure and a supportive regulatory environment. The first quarter of FY2026 proved this consistency, as the company was able to provide stable results even under difficult conditions. Additionally, NJR is adding optional growth. Its Clean Energy Ventures segment is increasing solar capacity with most revenue contracted and hedged, providing upside without adding risk. There is also an increased push in storage and transportation projects that are supported by contracts and visibility. Despite all this, NJR still trades below sector averages. All in all, for consistent performance with upside potential, NJR stock is a 'buy' right now. Q1 FY2026 Reinforces NJR’s Resilient Earnings Framework NJR began FY2026 with strong momentum, even though yearly reported results showed some noise. Consolidated net financial earnings dipped because of a non-recurring gain in the previous year, but there was solid performance in the core businesses. Most significantly, Energy Services showed outstanding performance in January's extreme weather conditions. NJR Net Financial EPS (NJR Q1 2026 Presentation) This prompted the management to increase full-year FY2026 NFEPS expectations by $0.25, to a range of $3.28–$3.43 ...
Alones Creative/iStock via Getty Images In January, I downgraded Rocket Lab stock (NASDAQ: RKLB ) to sell. Sales-driven valuation methods showed that in the best case the stock was around 20% overvalued. The stock price turned down sharply amidst a broader market selloff and news of a setback on the Neutron program. In this report, I discuss and assess the Neutron setback and discuss why I am upgr...
Alones Creative/iStock via Getty Images In January, I downgraded Rocket Lab stock (NASDAQ: RKLB ) to sell. Sales-driven valuation methods showed that in the best case the stock was around 20% overvalued. The stock price turned down sharply amidst a broader market selloff and news of a setback on the Neutron program. In this report, I discuss and assess the Neutron setback and discuss why I am upgrading the stock back to buy. Setback for Neutron Program: Launch Schedule Under Pressure Rocket Lab One issue that I have repeatedly highlighted with Rocket Lab’s stock price and the way that investors look at Rocket Lab is the fact that much of the optimism is actually driven by the optimism about Rocket Lab’s Neutron rocket as a competitor to SpaceX’s Falcon 9 . However, with the focus on the Neutron program, investors have built in a lot of optimism in the share price while at the same time ignoring Rocket Lab’s space system segment and the Electron rocket improving launch cadence, including test applications for hypersonics. The result is that on any setback for the Neutron rocket program, Rocket Lab may encounter pressure on its share prices. That setback came in a news release on the 21 st of January: Long Beach, Calif. January 21, 2026: Rocket Lab Corporation ( Nasdaq: RKLB ) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced an update relating to the development of its Neutron rocket. As the Company pushes Neutron to the limits and beyond to qualify its systems and structures for launch, qualification testing of the Stage 1 tank overnight resulted in a rupture during a hydrostatic pressure trial. Testing failures are not uncommon during qualification testing. We intentionally test structures to their limits to validate structural integrity and safety margins to ensure the robust requirements for a successful launch can be comfortably met. There was no significant damage to the test structure or facilities, the next...
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: What we're watching What we're reading Economic data releases and earnings If you are looking to be consoled after 25% in value was sliced off your software stock holdings this week, then click out of this and go about your day. Because I'm not here to offer up sloppy kisses an...
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: What we're watching What we're reading Economic data releases and earnings If you are looking to be consoled after 25% in value was sliced off your software stock holdings this week, then click out of this and go about your day. Because I'm not here to offer up sloppy kisses and warm hugs. I'm in a mood to dish out some pain on two fronts. One is to you — the investors I love so much — as these painful losses could have been avoided. All you had to do was what I have suggested time and time again: take frequent pulse checks in the companies you own. So many software stocks were priced for perfection (and still are) coming into the year, and the backdrop was far from perfect. AI updates out of Anthropic (ANTH.PVT) and Google (GOOG, GOOGL) are calling into question the long-term value of software companies. Meanwhile, these stocks were bid up to aggressive valuations in part because of hopes of additional interest rate cuts. Well, Fed Chair Jerome Powell told you last week those weren't coming anytime soon. And the Kevin Warsh announcement as Fed chair nominee hasn't helped matters. The entire software investment thesis has been blown up. I also want to hand out pain to a few tech companies that I lightly touched on during Opening Bid late in the week. First, Qualcomm (QCOM). Qualcomm's guidance stunk, and the sell-off on Thursday was deserved. The company called out weakness in the smartphone market, largely due to the global memory chip shortage. Execs said this dynamic could persist into 2027. An outlook like this should have been teed up by management three months ago. Come on, guys, do better! Expect Qualcomm shares to stay in the penalty box. "Smartphone headwinds an ongoing concern; AI chip potential still unclear," HSBC analyst Frank Lee said. The next tech giant in line is chip player Arm Holdings (ARM). Arm also served up some less-than-s...
Khanchit Khirisutchalual/iStock via Getty Images Introduction: Closed-end funds offer an attractive investment class that covers various asset classes and promises high distributions to income investors. They can also offer reasonable total returns if the distributions are reinvested, but generally lag the performance of the S&P500. They are not for everyone, but are particularly appealing to reti...
Khanchit Khirisutchalual/iStock via Getty Images Introduction: Closed-end funds offer an attractive investment class that covers various asset classes and promises high distributions to income investors. They can also offer reasonable total returns if the distributions are reinvested, but generally lag the performance of the S&P500. They are not for everyone, but are particularly appealing to retirees and income investors. However, it will be best to diversify into 7 to 10 CEFs covering many different asset classes and market segments. During the last decade, the S&P500 or U.S.-based domestic funds, has outperformed almost every other country. However, that started changing last year when most foreign markets, both developed and emerging markets, outperformed the S&P500 for the first time in many years. It is highly anticipated that this trend will continue in 2026. This is mainly because the U.S. market has become highly overvalued in comparison to the rest of the world, and now the rest of the world is catching up. However, there are no guaranteed outcomes for the future. So, in this backdrop, we think the AEF fund is worth considering as it provides exposure to a large number of emerging economies/countries, but excluding China, with one click of the mouse. We recently covered another fund, Templeton Emerging Markets Fund ( EMF ), that includes China exposure as well. If you are planning to have some exposure to emerging markets, it may be prudent to have exposure to both of these funds. However, since these funds are concentrated in the emerging economies only, we should allocate only a small portion of our portfolio to emerging markets. Fund's Background The fund abrdn Emerging Market Ex-China Fund ( AEF ) was launched in October 1991 as a perpetual equity closed-end fund. However, it appears that the fund has existed in some form since 1989. Nonetheless, the fund has been around for a long time. However, the fund has changed its investment policy at least twic...
Growing numbers of emerging-market companies are borrowing overseas at cheaper rates than their countries of origin, a sign that sovereign risk is becoming less of a drag for the stronger, export-focused names. Corporates from Mexico, Turkey and other developing nations have borrowed in dollar bond markets this year at an average 5.828% yield, versus the 6% demanded of sovereigns for similar-matur...
Growing numbers of emerging-market companies are borrowing overseas at cheaper rates than their countries of origin, a sign that sovereign risk is becoming less of a drag for the stronger, export-focused names. Corporates from Mexico, Turkey and other developing nations have borrowed in dollar bond markets this year at an average 5.828% yield, versus the 6% demanded of sovereigns for similar-maturity debt, according to Bloomberg’s analysis of new bond issues through Feb. 4. In the case of Ukrainian agri-business MHP SE, investors were willing to accept yields several percentage points below that of the sovereign. Compare that to the same period in 2024 and 2025, when corporates paid 7%-plus on average to sell debt —- significantly more than the yield on new government bonds, data show. The perception that corporates might be considered safer than their countries of origin has been gaining acceptance in the US and Europe, where conglomerates like Microsoft Corp. and Airbus SE often boast higher credit ratings and lower borrowing costs than their debt-laden governments. Yet, in the developing world, investors have been slower to separate corporate risk from sovereign. Read: Bonds Enter Era With Corporates Safer Than Powerful Nations Emerging-market companies have long been “guilty by association,” according to Charles Gelinet , a portfolio manager at J. Stern & Co in London. “When you dig under the bonnet, these are often global companies, they’ve got diversified sources of revenue, but they’re effectively penalized for their postcode.” That could be changing for some companies. Gelinet is among the investors who bought the recent bond from MHP, a compamy that exports grain, oil and poultry products while operating in war-ravaged Ukraine. It paid a 10.5% coupon for debt maturing 2029 — about 650 basis points below the Ukraine government’s four-year bond. Orders for the sale topped $2.25 billion. Unlike Ukraine’s government which defaulted in 2022, MHP “remained curren...