At the start of last year, China as an investing theme was as good as dead. Few had optimistic views on the nation’s stocks after years of underperformance, a crackdown on private enterprise and amid expectations Donald Trump’s return to the White House would presage a trade war. And then came DeepSeek. Released just days after Trump’s inauguration, the company’s cheap artificial intelligence mode...
At the start of last year, China as an investing theme was as good as dead. Few had optimistic views on the nation’s stocks after years of underperformance, a crackdown on private enterprise and amid expectations Donald Trump’s return to the White House would presage a trade war. And then came DeepSeek. Released just days after Trump’s inauguration, the company’s cheap artificial intelligence model was the first shot in the battle for primacy of AI. By the end of the year, the Hang Seng Index had outperformed the S&P 500 by 9 percentage points — the biggest margin since 2017. As evidence of how sharp the turnaround in investor sentiment toward the world’s second-largest economy has been, Eight Roads — a venture capital firm backed by Fidelity Investments’ billionaire Johnson family — is said to have shelved plans to sell its holdings in dozens of Chinese technology companies. Eight Roads had planned to unload its investments in about 40 tech companies for roughly $400 million, people familiar with the matter said, a steep discount to their peak combined valuation of about $1 billion. The planned sale emerged last year after the US curbed investments in China’s advanced technology sector. The private investment vehicle for the Johnson family , including billionaire Abigail Johnson, was an early investor in China’s internet sector, injecting more than $1.1 billion in over 130 companies including Alibaba. The change in tack follows an improvement in sentiment and valuations, the people said, with US-Sino tensions easing after Trump and Xi Jinping met in October. This trend looks set to continue. Investors are considering adding money to China funds at an accelerated pace this year, surveys from Goldman Sachs and BNP Paribas show. Money managers have shaken off concerns about slowing economic growth, seeing China instead as a way to diversify portfolios. One only needs to look at quant hedge fund giant Qube to capture the surge in demand. Its China long-only equity fund...
BP is halting share buybacks to shore up its balance sheet as pressure mounts on the UK energy giant to deliver on its turnaround efforts. Bloomberg's Alaric Nightingale reports. (Source: Bloomberg)
BP is halting share buybacks to shore up its balance sheet as pressure mounts on the UK energy giant to deliver on its turnaround efforts. Bloomberg's Alaric Nightingale reports. (Source: Bloomberg)
Justin Paget/DigitalVision via Getty Images Brookfield Renewable's ( BEP ) ( BEPC ) back-to-back years of dividend hikes reflect a business that has entered a flow state of consistent funds from operations ("FFO") growth as global demand for energy continues to ascend. The company reported fiscal 2025 fourth quarter FFO of $346 million , up 13.82% from its year-ago comp and $0.51 per share. This g...
Justin Paget/DigitalVision via Getty Images Brookfield Renewable's ( BEP ) ( BEPC ) back-to-back years of dividend hikes reflect a business that has entered a flow state of consistent funds from operations ("FFO") growth as global demand for energy continues to ascend. The company reported fiscal 2025 fourth quarter FFO of $346 million , up 13.82% from its year-ago comp and $0.51 per share. This growth is being led by the continued expansion of operating capacity, with this at 47,203 megawatts as of the end of the fourth quarter. This figure was up from 46,211 megawatts a year ago and is spread across 25 countries and a mixed portfolio of clean energy technology, with hydro, utility-scale solar, and wind forming the largest components of BEPC's portfolio. The company derives around 44% of FFO from its operating hydro assets, with solar at 20%, and with wind at 16%. This blend helps to diversify BEPC's FFO, reducing earnings volatility to form a strong pillar of its bull case. Total returns will be from the aggregate of the ongoing dividend yield, FFO growth on a per share basis, and the oscillations of the company's multiple to FFO. Brookfield Infrastructure Fiscal 2025 Fourth Quarter Supplemental Brookfield Infrastructure Fiscal 2025 Fourth Quarter Supplemental Negative Spreads, FFO Growth Outlook, And The Preferreds The third point is more bearish currently with BEPC trading close to its 52-week high on the back of a price return of 53% over the last 1-year. The company is now swapping hands for 20.87x times its FFO for its fiscal 2025 of $2.01 per share. Its highest multiple is years, creating a headwind for this lever of total returns to be positive. The company just declared a quarterly cash dividend of $0.392 per share , 5.1% increase from its prior distribution and $1.568 per share annualized for a 3.74% dividend yield. BEPC could face more flatlined price growth through 2026 on the back of a dividend yield that's actually at a negative 50 basis points spread...
Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs). Required minimum distributions (RMDs) are mandatory annual withdrawals from tax-deferred retirement accounts like 401(k) plans and traditional IRAs. The IRS enforces RMDs to ensure income tax is eventually paid on contributions and any gains that were allowed to grow in a tax-free environment. RMD ...
Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs). Required minimum distributions (RMDs) are mandatory annual withdrawals from tax-deferred retirement accounts like 401(k) plans and traditional IRAs. The IRS enforces RMDs to ensure income tax is eventually paid on contributions and any gains that were allowed to grow in a tax-free environment. RMD rules change periodically due to legislative updates. For instance, the Secure 1.0 Act (passed in 2019) increased the age at which RMDs begin and introduced a mandatory 10-year liquidation rule for retirement accounts inherited by most nonspousal beneficiaries. Similarly, the Secure 2.0 Act (passed in 2022) once again increased the age at which RMDs begin, exempted Roth 40(k) plans from RMDs during the original account holder's lifetime, and reduced the excise tax penalty assessed for failing to complete RMDs on time. Here are the important details. 1. The Secure 1.0 Act and the Secure 2.0 Act increased the age at which RMDs begin The age at which required minimum distributions (RMDs) begin depends on when you were born, but the thresholds have gradually increased over time. The table provides details. Account Holder's Birth Date Age When RMDs Begin Before July 1, 1949 70 ½ July 1, 1949, to December 31, 1950 72 January 1, 1951, to December 31, 1959 73 After December 31, 1959 75 RMDs on traditional 401(k) plans and traditional IRAs (including SEP IRAs and SIMPLE IRAs) are mandatory once you reach the age listed in the chart regardless of your employment status. RMDs must generally be completed by Dec. 31, but the first distribution can be delayed until April 1 of the following year. In either case, all subsequent distributions must be completed by the end of each year. An example: Chris turns 73 in 2026. He has savings in a traditional IRA. He can delay his first RMD until April 1, 2027. But the second RMD must be completed by Dec. 31, 2027, no matter when Chris chooses to t...
Gold may climb to $6,000 an ounce by the end of the year and bullion’s ratio to silver is set to rise as macroeconomic and geopolitical risks persist, BNP Paribas SA’s David Wilson said. The gold-silver ratio, while still lower than its two-year average in the 80s, has bounced back, said Wilson, BNP’s director of commodities strategy. “I think there is still room for further disconnect,” he said o...
Gold may climb to $6,000 an ounce by the end of the year and bullion’s ratio to silver is set to rise as macroeconomic and geopolitical risks persist, BNP Paribas SA’s David Wilson said. The gold-silver ratio, while still lower than its two-year average in the 80s, has bounced back, said Wilson, BNP’s director of commodities strategy. “I think there is still room for further disconnect,” he said on Bloomberg Television. “Gold to me makes sense in a way that silver doesn’t provide the same sort of, let’s say, risk protection.” Gold’s outlook is also supported by continued central-bank buying, including Poland’s announcement last month to purchase another 150 tons after being the largest buyer last year. ETF inflows for bullion have also remained steady, with only a brief drop during last week’s correction before picking up, he added. Read More: How Gold’s Safe-Haven Appeal Is Fueling Record Prices: QuickTake Many banks and asset managers, including Deutsche Bank AG and Goldman Sachs Group Inc., have backed bullion to recover due to these long-term demand drivers. Underscoring resilient official demand, the Chinese central bank also extended its gold buying to a 15th month in January. Silver, meanwhile, has seen extreme volatility in last few months, driven by strong physical buying particularly in Asia. However, the physical market is now showing signs of softening as metal supplies flow into Europe and Asia. The approaching Lunar New Year holiday is likely to further dampen demand in China for the white metal, according to Wilson. This story was produced with the assistance of Bloomberg Automation.
Cairn Investment Group Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,739 shares of the iPhone maker's stock after selling 5,488 shares during the period. Apple makes up approximately 4.6% of Cairn Investment Group Inc.'s holdings, making the stock its 4th ...
Cairn Investment Group Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,739 shares of the iPhone maker's stock after selling 5,488 shares during the period. Apple makes up approximately 4.6% of Cairn Investment Group Inc.'s holdings, making the stock its 4th largest holding. Cairn Investment Group Inc.'s holdings in Apple were worth $9,610,000 at the end of the most recent reporting period. Get Apple alerts: Sign Up A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. ROSS JOHNSON & Associates LLC increased its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the last quarter. Nexus Investment Management ULC grew its stake in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker's stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. LSV Asset Management purchased a new stake in Apple during the 4th quarter worth approximately $65,000. Morgan Dempsey Capital Management LLC increased its holdings in Apple by 41.0% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker's stock worth $88,000 after purchasing an additional 125 shares during the last quarter. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple in the 1st quarter valued at approximately $99,000. Hedge funds and other institutional investors own 67.73% of the company's stock. Apple Stock Performance Shares of NASDAQ AAPL opened at $274.62 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The firm's 50-day moving average price is $267.88...
Katamaran Capital LLP acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,397 shares of the chip maker's stock, valued at approximately $349,000. Intel makes up approximately 0.3% of Katamaran Capital LLP's portfolio, making the stock its 27th largest holding. Get Intel a...
Katamaran Capital LLP acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,397 shares of the chip maker's stock, valued at approximately $349,000. Intel makes up approximately 0.3% of Katamaran Capital LLP's portfolio, making the stock its 27th largest holding. Get Intel alerts: Sign Up A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Intel during the 2nd quarter worth approximately $1,579,378,000. AQR Capital Management LLC grew its stake in shares of Intel by 210.9% in the second quarter. AQR Capital Management LLC now owns 15,498,219 shares of the chip maker's stock valued at $346,230,000 after buying an additional 10,514,007 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Intel by 2.3% in the second quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker's stock valued at $8,644,244,000 after buying an additional 8,513,298 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Intel by 66.4% during the second quarter. Rafferty Asset Management LLC now owns 19,396,839 shares of the chip maker's stock worth $434,489,000 after buying an additional 7,736,635 shares during the last quarter. Finally, Amundi raised its position in Intel by 16.2% during the second quarter. Amundi now owns 43,995,698 shares of the chip maker's stock worth $962,626,000 after acquiring an additional 6,117,601 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock. Intel Stock Performance INTC opened at $50.24 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.02 and a quick ratio of 1.65. The business has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $34.99. Intel Corp...
Winslow Asset Management Inc. trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,028 shares of the enterprise software provider's stock after selling 12,618 shares during the period. Oracle makes up approximately 5.9% of Winslow Asset Management Inc.'s invest...
Winslow Asset Management Inc. trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,028 shares of the enterprise software provider's stock after selling 12,618 shares during the period. Oracle makes up approximately 5.9% of Winslow Asset Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Winslow Asset Management Inc.'s holdings in Oracle were worth $31,507,000 as of its most recent filing with the SEC. Several other institutional investors have also bought and sold shares of the stock. Compagnie Lombard Odier SCmA grew its position in Oracle by 75.6% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 73,246 shares of the enterprise software provider's stock valued at $20,600,000 after buying an additional 31,536 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Oracle by 5.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 88,214 shares of the enterprise software provider's stock worth $24,809,000 after acquiring an additional 4,348 shares during the period. BridgePort Financial Solutions LLC bought a new position in shares of Oracle in the third quarter valued at approximately $281,000. Midwest Trust Co increased its stake in shares of Oracle by 7.2% during the third quarter. Midwest Trust Co now owns 29,375 shares of the enterprise software provider's stock valued at $8,261,000 after acquiring an additional 1,970 shares during the period. Finally, Rockland Trust Co. raised its holdings in Oracle by 15.6% during the third quarter. Rockland Trust Co. now owns 89,429 shares of the enterprise software provider's stock worth $25,151,000 after purchasing an additional 12,075 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock. Get Oracle alerts: Sign Up Analyst Upgrades and Downgrades A number of equities analysts have is...
Tempus Wealth Planning LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 77.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,897 shares of the chip maker's stock after selling 30,170 shares during the quarter. Tempus Wealth Planning LLC's holdings in Intel were wo...
Tempus Wealth Planning LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 77.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,897 shares of the chip maker's stock after selling 30,170 shares during the quarter. Tempus Wealth Planning LLC's holdings in Intel were worth $299,000 at the end of the most recent quarter. Get Intel alerts: Sign Up Other institutional investors and hedge funds have also modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Intel during the 2nd quarter valued at $28,000. Corundum Trust Company INC acquired a new stake in shares of Intel during the third quarter worth $29,000. Eukles Asset Management grew its stake in shares of Intel by 55.6% during the second quarter. Eukles Asset Management now owns 1,400 shares of the chip maker's stock worth $31,000 after purchasing an additional 500 shares during the period. Strengthening Families & Communities LLC acquired a new position in Intel in the third quarter valued at about $33,000. Finally, GoalVest Advisory LLC bought a new position in Intel during the third quarter worth about $34,000. 64.53% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of brokerages have recently commented on INTC. Tigress Financial reaffirmed a "buy" rating and issued a $66.00 price target on shares of Intel in a research note on Wednesday, January 28th. Bank of America restated an "underperform" rating and issued a $34.00 price objective on shares of Intel in a research report on Monday, October 13th. Wedbush reaffirmed a "neutral" rating and set a $30.00 price objective on shares of Intel in a research note on Tuesday, January 20th. Raymond James Financial began coverage on Intel in a research note on Friday, November 21st. They issued a "market perform" rating for t...
RMR Wealth Builders trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,090 shares of the semiconductor manufacturer's stock after selling 5,911 shares during the quarter. Broadcom accounts for 1.4% of RMR Wealth Builders' portfo...
RMR Wealth Builders trimmed its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,090 shares of the semiconductor manufacturer's stock after selling 5,911 shares during the quarter. Broadcom accounts for 1.4% of RMR Wealth Builders' portfolio, making the stock its 17th largest position. RMR Wealth Builders' holdings in Broadcom were worth $16,525,000 at the end of the most recent reporting period. Get Broadcom alerts: Sign Up A number of other institutional investors have also recently bought and sold shares of AVGO. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Broadcom during the 2nd quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new stake in Broadcom in the 2nd quarter valued at $31,000. New England Capital Financial Advisors LLC bought a new stake in Broadcom in the second quarter valued at $31,000. Finally, JCIC Asset Management Inc. acquired a new position in Broadcom during the third quarter worth $31,000. Institutional investors and hedge funds own 76.43% of the company's stock. Key Stories Impacting Broadcom Here are the key news stories impacting Broadcom this week: Broadcom Price Performance Shares of AVGO stock opened at $343.94 on Tuesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm's 50 day moving average is $347.75 and its 200-day moving average is $339.70. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 72.26, a PEG ratio of 1.07 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings...
格隆汇2月10日｜据中国贸易救济信息网，1月31日，新西兰商业、创新与就业部（MBIE）发布公告，对原产于中国的总重不超过5千克的罐装桃（Preserved Peaches）作出反倾销第一阶段裁定，裁定出口商J&G International Co., Ltd.存在倾销，且该倾销对新西兰国内产业造成了实质性损害，建议对该企业征收17.78%的反倾销税；出口商青岛开创食品有限责任公司（Qingdao...
Key Points Demand for weight loss drugs is high, and analysts predict the market may reach nearly $100 billion in a few years. Eli Lilly dominates the GLP-1 market in the U.S. 10 stocks we like better than Eli Lilly › Eli Lilly (NYSE: LLY) has already scored major accomplishments in the GLP-1 boom. The company has delivered double-digit revenue growth, taken leadership in the market, and seen its ...
Key Points Demand for weight loss drugs is high, and analysts predict the market may reach nearly $100 billion in a few years. Eli Lilly dominates the GLP-1 market in the U.S. 10 stocks we like better than Eli Lilly › Eli Lilly (NYSE: LLY) has already scored major accomplishments in the GLP-1 boom. The company has delivered double-digit revenue growth, taken leadership in the market, and seen its stock price explode higher. GLP-1 drugs have been in great demand as they've helped people quickly and safely shed pounds. Now, though, after Lilly stock's 200% increase over three years, you may be wondering if the growth story has fully played out or if there's more to come. Could this pharma giant turn today's GLP-1 obesity drug boom into multi-decade, millionaire-maker gains? Let's find out. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » How GLP-1 drugs work First, let's take a quick look at these popular treatments. GLP-1 drugs act on hormones involved in the digestion process, helping manage blood sugar levels and appetite. Today, with the exception of Novo Nordisk's recently released weight loss pill, GLP-1 drugs are taken in an injectable format. Novo Nordisk makes semaglutide, commercialized as Ozempic for type 2 diabetes and as Wegovy for weight loss. And Lilly makes tirzepatide, sold as Mounjaro for the former indication and Zepbound for the latter. Doctors, however, have been known to also prescribe Ozempic and Mounjaro off-label for patients aiming to lose weight. Novo recently won approval for Wegovy in pill form, and Lilly's oral weight loss candidate, orforglipron, currently is under regulatory review. Novo was first to the GLP-1 market, but in recent years, Lilly has chipped away at its market share. Today, Lilly is the leader with more than 60% of the U.S. market. And Lilly's revenue ha...
dreamextreme/iStock Editorial via Getty Images Aena ( ANNSF , ANYYY ), a leading airport operator in Spain and Brazil, delivered a 19% gain since my last report published in June 2025, outperforming the S&P 500’s 15.8% gain. While it is not the type of strong outperformance that we see with aerospace and defense names, it is a good result for an infrastructure stock, and Aena also has exceeded my ...
dreamextreme/iStock Editorial via Getty Images Aena ( ANNSF , ANYYY ), a leading airport operator in Spain and Brazil, delivered a 19% gain since my last report published in June 2025, outperforming the S&P 500’s 15.8% gain. While it is not the type of strong outperformance that we see with aerospace and defense names, it is a good result for an infrastructure stock, and Aena also has exceeded my price target. That provides a good moment to review the company’s Q3 2025 earnings and update my price target and rating. In this report, I explain why I am downgrading the stock from buy to hold following a formidable run-up in the stock price of nearly 120%, outperforming the S&P 500’s 61.7% return since I initiated coverage . Aena EBITDA Margins Continue to Expand Aena (9M 2025 Results Presentation) Aena increased its ordinary revenues 8.4% to €4.7 billion on a 4.1% increase in passenger traffic. Revenues for regulated aeronautical services increased 5.1%, while commercial revenues increased 10.6% and real estate services revenues grew 13.7%. The Murcia airport revenues grew 3.9%, and international revenues grew 17%. Excluding construction revenue, which are pass-through items, international revenues would have increased only 2.8%. So, the adjusted revenues were €4.667 billion compared to €4.358 billion a year ago, marking a 7% increase. Compared to the 4.1% increase in revenues, this is a favorable top line growth. Commercial revenues increased, driven by renovations of retail spaces, the introduction of a new brand, new units and more retail space, higher car rental and car park revenues, and VIP lounge access. The real estate and commercial retail business grew, driven by higher fixed and variable rents as well as higher minimum guarantees on leases. Operating expenses grew 7%, driven by higher staff costs and other operating expenses, including utilities. The reported EBITDA grew 8.2% to €2.89 billion, but this still marks a 40-basis point margin contraction. Adjusti...
(RTTNews) - Fincantieri S.p.A. (FNCNF, FCT.MI), an Italian shipbuilding company, on Tuesday announced that its subsidiary WASS Submarine Systems has secured an order worth more than 200 million euros from the Ministry of Defense of the Kingdom of Saudi Arabia for the supply of MU90 lightweight torpedoes. The program will be managed by WASS' facility in Livorno, with deliveries expected between 202...
(RTTNews) - Fincantieri S.p.A. (FNCNF, FCT.MI), an Italian shipbuilding company, on Tuesday announced that its subsidiary WASS Submarine Systems has secured an order worth more than 200 million euros from the Ministry of Defense of the Kingdom of Saudi Arabia for the supply of MU90 lightweight torpedoes. The program will be managed by WASS' facility in Livorno, with deliveries expected between 2029 and 2030. The deal is expected to support future cross-selling opportunities. The agreement was announced during the 2026 World Defence Show in Riyadh. The MU90 lightweight torpedo, a third-generation system, is currently in service with the Italian Navy and the navies of more than 10 other countries. The system is designed for multi-mission, all-environment anti-submarine warfare operations and can be deployed from surface vessels and fixed- or rotary-wing aircraft. The contract also includes the provision of logistical support services for the Royal Saudi Naval Forces. The contract represents the largest order in WASS' 150-year history and marks a record in order intake following a recent contract with the Indian Navy. The agreement marks the first direct contract between WASS and the Saudi Ministry of Defense. On Monday, Fincantieri is currently trading 0.19% lesser at EUR 16.06 on the Milan Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Thapana Onphalai Ichor Holdings ( ICHR ) shares surged 24% in premarket trading on Tuesday after the company reported better-than-expected fourth-quarter results and projected first-quarter revenues between $240 million and $260 million, signaling strong demand heading into the year. "Early indications of customer demand entering the year provide us with a first-quarter revenue outlook reflecting ...
Thapana Onphalai Ichor Holdings ( ICHR ) shares surged 24% in premarket trading on Tuesday after the company reported better-than-expected fourth-quarter results and projected first-quarter revenues between $240 million and $260 million, signaling strong demand heading into the year. "Early indications of customer demand entering the year provide us with a first-quarter revenue outlook reflecting solidly upward momentum from Q4’s trough levels," Phil Barros, Ichor’s CEO, said, adding that the company expects this upward trend to continue into the second half of the year. "While our gross margin improvement strategies are just beginning to take shape… we expect to deliver strong earnings leverage in the quarters ahead.” Strategic initiatives for 2026 include "global footprint realignment," with expansion of machining capacity in Mexico and the launch of a new manufacturing center in Malaysia. "By year-end, we expect to have products in place to enable us to reach our long-stated objective of having Ichor-branded products capable of supporting up to 75% of the content within the systems we make," Barros projected. When asked about the $10 million increase in Q1 revenue guidance and annual growth relative to WFE industry benchmarks, he responded, "Every week, we're seeing strengthening demand. So we're becoming more and more bullish on the market as we move through the year…your range of around 15% to 20% is kind of where we're coalescing as well." The company, however, noted temporary capacity reductions as assets are relocated to new manufacturing sites, stating, "We are in the process of relocating a portion of our receiving assets to these critical sites, which will temporarily reduce our capacity for these components." The Malaysia facility carries some risk related to qualifications, Barros said . More on Ichor Holdings Ichor Holdings, Ltd. (ICHR) Q4 2025 Earnings Call Transcript Ichor Holdings, Ltd. (ICHR) Presents at 28th Annual Needham Growth Conference Transc...