AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm Overview Qualcomm ( QCOM ) is crashing after hours Wednesday following quarterly earnings results that have apparently left investors wanting. It certainly doesn't help that tech stocks are experiencing a bit of a sell-off at the moment, which has set the bar quite high. With QCOM hovering above 52-week lows, I think current price lev...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm Overview Qualcomm ( QCOM ) is crashing after hours Wednesday following quarterly earnings results that have apparently left investors wanting. It certainly doesn't help that tech stocks are experiencing a bit of a sell-off at the moment, which has set the bar quite high. With QCOM hovering above 52-week lows, I think current price levels represent a solid long-term buying opportunity. Data by YCharts In my previous piece on QCOM back in December 2024, I did a fairly in-depth analysis of the company's ongoing modem war with Apple ( AAPL ), concluding that Qualcomm's technology was far superior and would entrench a competitive advantage going forward. That article can be read here . Up until about a month ago, shares were holding up quite well, though not really setting any return records. Then came some analyst downgrades, competition fears, memory-related demand concerns, the general AI/tech sector sell-off, and finally an underwhelming earnings report. For a stock that hasn't actually moved all that much in the grand scheme of things (-8% over the past five years if the 10% implied after hours decline holds), if you zoom in on the chart you'll notice it's actually quite volatile and this is decidedly not uncharted territory. QCOM Q1 2026 Earnings Results Let's quickly recap the Q1 2026 report: Qualcomm Q1 2026 Earnings Press Release As has become par for the course for Qualcomm, gradual growth and incremental improvements are the name of the game -- revenue rose 5% YoY and 8.6% QoQ, non-GAAP EPS rose 3% to $3.50 per share, and both the QCT and QTL (licensing) divisions chipped in. Handset revenue grew 3% YoY as the market has continued to recover out of a trough in late 2023 and automotive and IoT revenue grew by 15% and 9%, respectively. This quarter was another rung on the slow revenue climb of the last couple years: Data by YCharts Perhaps the main concern that investors have when discussing QCOM is...
J Studios/DigitalVision via Getty Images Introduction With AI enthusiasm remaining high, leading investors to chase the next big thing, Altria ( MO ) offers a unique blend of value and safety. It's easy to lose track of companies with staying power when the markets are currently being dominated by AI and precious metals stocks. Altria reported their Q4 earnings to close out the year and delivered ...
J Studios/DigitalVision via Getty Images Introduction With AI enthusiasm remaining high, leading investors to chase the next big thing, Altria ( MO ) offers a unique blend of value and safety. It's easy to lose track of companies with staying power when the markets are currently being dominated by AI and precious metals stocks. Altria reported their Q4 earnings to close out the year and delivered another Altria-like performance. Showing resilience in the face of declines in traditional smoking, I believe the stock could deliver another year of double-digit total returns for 2026 after beating the market in 2025. Cheap with strong upside potential, Altria looks poised for solid returns going forward. In this article, I break down their latest quarter, fundamentals, and why I see solid upside in the next year or two. Previous Thesis I last covered Altria back in November. This was after what I thought was an overreaction to their Q3 earnings. MO reported mixed results with a miss on revenue and EPS in line with estimates. Despite continued declines in traditional smoking, I remained bullish as the tobacco giant continued to shift towards a smoke-free world. This was evidenced by their acquisition of Swedish nicotine pouch maker, Another Snus Factory. Lower interest rates and smoke-free expansion were expected to provide tailwinds, but competitive pressures and economic uncertainty were expected to present challenges. Using their normal P/E of 13.88x, which I thought was fair for a company of MO's caliber, the upside was compelling with a 2027 price target of $80.94 a share. Since then, MO has outperformed the S&P ( SP500 ), up over 8% compared to nearly 2% for the index. Seeking Alpha Another MO-Like Quarter Altria's Q4 report was another MO-like quarter, meaning mixed results. EPS of $1.30 missed analysts' estimates by $0.02, while revenue beat by $50 million. Revenue came in at $5.08 billion. This was similar to the prior quarter, except EPS was in line at $1.45, wh...
Mike Hansen/iStock via Getty Images Introduction Earlier this week, I wrote an article titled “Everyone’s Warning About Valuations - I’m Betting On The Roaring 20s.” I obviously didn’t write it to stir commotion, but it certainly resulted in one of the most divided comment sections I’ve seen in a long time. Seeking Alpha Don’t get me wrong. That’s a good thing. I provide food for thought. I don’t ...
Mike Hansen/iStock via Getty Images Introduction Earlier this week, I wrote an article titled “Everyone’s Warning About Valuations - I’m Betting On The Roaring 20s.” I obviously didn’t write it to stir commotion, but it certainly resulted in one of the most divided comment sections I’ve seen in a long time. Seeking Alpha Don’t get me wrong. That’s a good thing. I provide food for thought. I don’t tell you what to do. Even if I wanted to, I could not legally do that. And besides that, I think disagreement is good. After all, when we all agree on something, the thesis may already be mainstream. In the comment section, I joked that my article later in the week would be even more controversial. Well, this is the article I hinted at. It builds on an article I published on January 23, when I wrote, “Why I’m Betting The Majority Of My Portfolio On A Cyclical Boom.” While the year is still young, this was one of my favorites so far, as it covered one of my core theses, the one about cyclical value stocks being some of the best options for capital allocation in 2026 and beyond. I explained that we are not in a late-stage economy. On the contrary, I believe we’re looking at a new recovery, led by manufacturing and cyclical stocks in general. Here’s a key part of my takeaway: For the first time, my contrarian thesis on cyclical value is getting strong fundamental support, as it looks like a synchronized breakout in some of my favorite leading indicators. Especially the developments in new orders and inventories cause me to believe we are in the early innings of a rebound. When adding policy support and aggressive data center spending on top of other themes like economic re-shoring, I am a big fan of cyclical value and believe that's where the alpha will be for the foreseeable future. I expanded on this thesis last year, when sentiment remained weak and money shifted into Big Tech. Now, it seems like this thesis is coming to fruition. I’m not just bringing this up to toot my ow...
primeimages/E+ via Getty Images In Part 1 , we established the big shift for 2026: AI has stopped being “just tech” and become a macro force. It’s driving a capex wave that touches everything - investment spending, supply chains, financing, and the physical constraints of the economy. Now we move to the ripple effects. Because once you accept that AI is macro, the next questions are obvious: Where...
primeimages/E+ via Getty Images In Part 1 , we established the big shift for 2026: AI has stopped being “just tech” and become a macro force. It’s driving a capex wave that touches everything - investment spending, supply chains, financing, and the physical constraints of the economy. Now we move to the ripple effects. Because once you accept that AI is macro, the next questions are obvious: Where does the money go next? What breaks first? And which parts of the economy get rebuilt because they have to? Here are the themes I’m watching most closely as we enter 2026. Energy, baby (because AI eats electrons) The themes that follow are all connected to AI in some way. The rising need for energy didn’t start because of AI, but AI turned it into a pressing issue. Annual power demand growth has roughly doubled in recent years - from about 2% to about 4%. If that pace continues, we’ll need twice today’s generating capacity within 20 years. The strain won’t show up evenly. Some regions will feel it far more than others, and supply chains are already stretched. AI is a major (and cyclical) driver of this surge, and it comes with a real-world tension: data centres competing with homes and critical industries for the same electrons. (Source: Mackenzie 2026 Market Outlook ) What this supports is a two-step reality - Near term: We need more “reliable, available” energy sources (oil & gas still matter). Long term: We need massive investment to build a stronger, more dependable power structure. This can fuel a strong bull case across multiple sectors - Utilities: Grids are underbuilt and need upgrades (transmission, distribution, reliability) Basic materials: Copper and aluminum are structurally scarce inputs Energy: Natural gas becomes a practical bridge for intermittent renewables Utilities + materials: Uranium benefits from reliability concerns Infrastructure, reshoring, and the "world rebuild." Call it whatever you want - every firm has its own label - but the message is the s...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm Overview Qualcomm ( QCOM ) is crashing after hours Wednesday following quarterly earnings results that have apparently left investors wanting. It certainly doesn't help that tech stocks are experiencing a bit of a sell-off at the moment, which has set the bar quite high. With QCOM hovering above 52-week lows, I think current price lev...
AutumnSkyPhotography/iStock Editorial via Getty Images Qualcomm Overview Qualcomm ( QCOM ) is crashing after hours Wednesday following quarterly earnings results that have apparently left investors wanting. It certainly doesn't help that tech stocks are experiencing a bit of a sell-off at the moment, which has set the bar quite high. With QCOM hovering above 52-week lows, I think current price levels represent a solid long-term buying opportunity. Data by YCharts In my previous piece on QCOM back in December 2024, I did a fairly in-depth analysis of the company's ongoing modem war with Apple ( AAPL ), concluding that Qualcomm's technology was far superior and would entrench a competitive advantage going forward. That article can be read here . Up until about a month ago, shares were holding up quite well, though not really setting any return records. Then came some analyst downgrades, competition fears, memory-related demand concerns, the general AI/tech sector sell-off, and finally an underwhelming earnings report. For a stock that hasn't actually moved all that much in the grand scheme of things (-8% over the past five years if the 10% implied after hours decline holds), if you zoom in on the chart you'll notice it's actually quite volatile and this is decidedly not uncharted territory. QCOM Q1 2026 Earnings Results Let's quickly recap the Q1 2026 report: Qualcomm Q1 2026 Earnings Press Release As has become par for the course for Qualcomm, gradual growth and incremental improvements are the name of the game -- revenue rose 5% YoY and 8.6% QoQ, non-GAAP EPS rose 3% to $3.50 per share, and both the QCT and QTL (licensing) divisions chipped in. Handset revenue grew 3% YoY as the market has continued to recover out of a trough in late 2023 and automotive and IoT revenue grew by 15% and 9%, respectively. This quarter was another rung on the slow revenue climb of the last couple years: Data by YCharts Perhaps the main concern that investors have when discussing QCOM is...
JACKSONVILLE, FL / ACCESS Newswire / February 5, 2026 / ParkerVision, Inc. ("the Company") (OTCQB:PRKR), a leader in wireless radio-frequency (RF) innovation, announced the filing of its opening brief to the Court of Appeals for the Federal Circuit ("CAFC") in its appeal of the district court decision in ParkerVision v. Qualcomm in the Middle District of Florida. A copy of the Company's opening br...
JACKSONVILLE, FL / ACCESS Newswire / February 5, 2026 / ParkerVision, Inc. ("the Company") (OTCQB:PRKR), a leader in wireless radio-frequency (RF) innovation, announced the filing of its opening brief to the Court of Appeals for the Federal Circuit ("CAFC") in its appeal of the district court decision in ParkerVision v. Qualcomm in the Middle District of Florida. A copy of the Company's opening brief can be found here. On January 21, 2026, the CAFC granted ParkerVision's motion to reinstate an expedited schedule for its appeal. The schedule provided that ParkerVision's opening brief was due by February 4, 2026, Qualcomm's response to the brief is due by March 16, 2026, and ParkerVision's final reply is due seven days following the filing of Qualcomm's response. The order further provides that the case will be scheduled for oral argument at the next available session after completion of briefing. The CAFC had originally granted an expedited schedule in October 2025; however, one day following the CAFC's order, Qualcomm filed a motion to dismiss the appeal for lack of jurisdiction, automatically suspending the original expedited schedule. The CAFC's January 2026 order indicated the parties may address any jurisdictional issues in the briefs. Jeffrey Parker, CEO of ParkerVision stated, "We are pleased that the CAFC has reinstated our request for an expedited briefing schedule. As explained in our brief, this case is well suited for appellate review. We are hopeful the CAFC will reverse the district court's claim construction which rendered the patent claims nonsensical." Mr. Parker continued, "We have also requested reassignment of the case to a new judge, for the reasons set forth in our brief. This case was filed nearly 12 years ago, and we believe it is long past time for this matter to be allowed to proceed to resolution by a jury." In addition to the Qualcomm appeal, the Company has two upcoming trials scheduled in the Western District of Texas - MediaTek, schedul...
Job seeker Melaku Woldeamanuel browses job listings at the Rubicon Programs' career center in San Francisco on April 3. (Getty Images) Job cuts surged nationwide in January following large layoffs, but California's losses slowed after a year in which it led the nation in staff reductions. U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year —...
Job seeker Melaku Woldeamanuel browses job listings at the Rubicon Programs' career center in San Francisco on April 3. (Getty Images) Job cuts surged nationwide in January following large layoffs, but California's losses slowed after a year in which it led the nation in staff reductions. U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year — and triple the 35,553 announced in December, according to outplacement firm Challenger, Gray & Christmas. The January totals were the highest for the month since 2009, when the financial crisis was ongoing. They included 30,000 cuts by UPS as it winds down ties with Amazon, and 16,000 cuts by the online retail giant itself, which closed retail stores and thinned management ranks. Read more: California led the nation in job cuts last year, but the pace slowed in December “Generally, we see a high number of job cuts in the first quarter, but this is a high total for January,” said Andy Challenger, an executive at the outplacement firm. U.S. employers last month announced plans to hire just 5,306 workers, the lowest total for the month, Challenger said, since it began tracking hiring plans in 2009. In December, employers said they planned to hire 10,496 workers. Tariffs and persistent inflation have been cited by economists as a drag on the economy. The massive California economy, by contrast, saw employers announce only 8,286 job cuts in January. That was nearly a third fewer than the same month last year, when the state was battered by disruption in tech and entertainment. Thousands of workers were laid off in 2025 at Intel, Salesforce, Meta, Paramount, Walt Disney Co. and elsewhere. Apple even pushed through a rare round of cuts — though the bloodletting slowed by the end of the year. Read more: Amazon to lay off 16,000 and close Amazon Fresh stores California led all states last year with 175,761 job losses. The state was surpassed only by Washington, D.C., where about 30...
Recent filings from BlackRock show the money manager owns more than 8% of eVTOL maker Archer Aviation. Since debuting on the New York Stock Exchange in September 2021, shares of electric vertical takeoff and landing (eVTOL) stock Archer Aviation (ACHR 3.54%) have plummeted 26%. For most of its trading history, Archer has been a spectacle of retail investor enthusiasm. These dynamics are swiftly ch...
Recent filings from BlackRock show the money manager owns more than 8% of eVTOL maker Archer Aviation. Since debuting on the New York Stock Exchange in September 2021, shares of electric vertical takeoff and landing (eVTOL) stock Archer Aviation (ACHR 3.54%) have plummeted 26%. For most of its trading history, Archer has been a spectacle of retail investor enthusiasm. These dynamics are swiftly changing, though. According to a recent 13G filing from BlackRock (BLK +0.53%), the world's largest asset manager just increased its ownership stake in Archer to 8.1%. Let's dig into why BlackRock recently bought more shares of the popular eVTOL stock and explore if now is a good time for investors to follow suit. Is BlackRock betting big on Archer Aviation? Given BlackRock's growing position in Archer, you might think the money manager has some special intent when it comes to the aircraft company. This isn't necessarily the case, though. The Securities and Exchange Commission (SEC) requires that ownership stakes of 5% or more are disclosed to the public. However, the type of filing can help signal the meaning behind these purchases. A 13G signals that an investor has acquired a significant stake in a company but does not have the intent to influence its operations. In other words, BlackRock's position in Archer is not an activist move. Rather, it is a passive position spread across the bank's various exchange-traded funds (ETFs). Expand NYSE : ACHR Archer Aviation Today's Change ( -3.54 %) $ -0.26 Current Price $ 6.95 Key Data Points Market Cap $5.1B Day's Range $ 6.73 - $ 7.20 52wk Range $ 5.48 - $ 14.62 Volume 13K Avg Vol 47M What makes Archer Aviation an attractive investment? Archer could be thought of as an asymmetric investment. The downsides are that the company never achieves enough regulatory approval or that Archer mismanages its capital and struggles to reach commercial scale. The upside, however, could be massive as Archer seeks to disrupt the aviation and mobili...
sibway/iStock via Getty Images Summary Following my coverage on C.H. Robinson Worldwide ( CHRW ), which I recommended a hold rating previously as I don't think the 22x forward P/E multiple makes sense given the lack of clarity into when demand will recover, this post is to provide an update on my thoughts on the business and stock. My view has not changed. While Q4 showed encouraging progress on p...
sibway/iStock via Getty Images Summary Following my coverage on C.H. Robinson Worldwide ( CHRW ), which I recommended a hold rating previously as I don't think the 22x forward P/E multiple makes sense given the lack of clarity into when demand will recover, this post is to provide an update on my thoughts on the business and stock. My view has not changed. While Q4 showed encouraging progress on productivity, the freight cycle itself remains in a downturn, with no clear timeline for a demand inflection. Despite that, the stock has continued to re-rate higher, which makes the risk/reward skew towards the downside. Investment Thesis This was a bad quarter for CHRW. Q4 total revenues were down 6.5% y/y to $3.9 billion. To be fair, a part of this decline is driven by the divestiture of the Europe Surface Transportation business. By segments, in North American Surface Transportation (NAST), truckload brokerage gross profit was essentially flat (down ~0.4% y/y), while the LTL brokerage business grew gross profit by 6% y/y. As for the Global Forwarding segment, ocean volumes fell 8% y/y, while air freight tonnage declined 12.5% y/y. The good news here is that despite the topline weakness, profitability held well. Adj. gross profit and net revenue margin in NAST compressed only by 40 bps sequentially to 14.6%. On earnings, GAAP diluted EPS came in at $1.12, down 8.2% y/y, while adj. diluted EPS was $1.23, up 1.7% y/y (helped by a lower effective tax rate of 18.1%). The cash flow profile was good. Operating cash flow grew by $37.5 million to $305.4 million, which reflects the counter-cyclical nature of CHRW's model, where working capital releases cash even when revenue declines. Productivity Gains In my past few updates, a key point I pushed forward was that the People Plus Tech strategy was the key variable that actually mattered for the near term, because it was the only lever that CHRW could pull to structurally reset the cost base. I think we have a very solid set of num...
MicroStockHub KKR ( KKR ) Q4 2025 total operating earnings grew 17% Y/Y, with fee-related earnings rising 15%. Still, the alternative asset manager's results fell short of the Wall Street consensus. KKR stock dipped 2.3% in Thursday premarket trading. The company highlighted record metrics for the full year 2025. "We had record annual figures across our key metrics, including fee-related earnings ...
MicroStockHub KKR ( KKR ) Q4 2025 total operating earnings grew 17% Y/Y, with fee-related earnings rising 15%. Still, the alternative asset manager's results fell short of the Wall Street consensus. KKR stock dipped 2.3% in Thursday premarket trading. The company highlighted record metrics for the full year 2025. "We had record annual figures across our key metrics, including fee-related earnings and adjusted net income per share, capital raised, and capital invested," said Co-CEOs Joseph Y. Bae and Scott C. Nuttall. Q4 adjusted EPS of $1.12, trailing the average analyst estimate of $1.14, fell from $1.41 in Q3 and $1.32 in Q4 2024. Excluding the impact of the previously disclosed carried interest repayment obligation, Q4 2025 adjusted EPS would have been $1.30. Fee-related earnings of $972.0M, missing the Visible Alpha consensus of $980.3M, declined from $1.03B in the previous quarter and increased from $843.0M in the year-ago period. Total operating earnings of $1.28B compared with $1.40B in Q3 and $1.10B in Q4 2025. Assets under management of $744B, vs. the Visible Alpha consensus of $748B, climbed from $723B at the end of Q3 and rose 17% Y/Y. The company raised new capital of $28B in the quarter vs. $43B in the prior quarter and invested $32B vs. $26B in Q3. Uncalled commitments, commonly called dry powder, sat at $118.4B vs. $125.8B at Sept. 30, 2025. Gross return by fund type (gross unrealized performance income totaled $10.2B at Dec. 31, 2025): Traditional private equity portfolio: +4% in Q4 vs. +2% in Q3; +14% in the last 12 months. Real assets: Opportunistic real estate portfolio: 0% vs. 0% in Q3; +5% in the last 12 months. Infrastructure portfolio: +2% in Q4 vs. +3% in Q3; +11% in the last 12 months. Credit: Leveraged credit composite: +1% vs. +2% in the prior quarter; +6% last 12 months. Alternative credit composite: +1% vs. +4% in Q3; +8% last 12 months. Conference call at 9:00 AM ET. More on KKR & Co. KKR: The Value Case Is Strong, Despite The Macro Ris...
US equity futures were pointing higher on Thursday as traders await key labor market data and a fres Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
US equity futures were pointing higher on Thursday as traders await key labor market data and a fres Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Taiwan’s TSMC, the world’s largest contract computer chip maker, has announced it will be manufacturing advanced 3-nanometer semiconductors in Japan to meet booming AI demand TSMC to make advanced AI semiconductors in Japan in boost for its chipmaking ambitions By CHAN HO-HIM Associated Press and MARI YAMAGUCHI Associated Press Japan's Prime Minister Sanae Takaichi speaks during a meeting with Tai...
Taiwan’s TSMC, the world’s largest contract computer chip maker, has announced it will be manufacturing advanced 3-nanometer semiconductors in Japan to meet booming AI demand TSMC to make advanced AI semiconductors in Japan in boost for its chipmaking ambitions By CHAN HO-HIM Associated Press and MARI YAMAGUCHI Associated Press Japan's Prime Minister Sanae Takaichi speaks during a meeting with Taiwan Semiconductor Manufacturing Company's Chairman C.C. Wei at the prime minister's office in Tokyo, Thursday, Feb. 5, 2026. (Kazuhiro Nogi/Pool Photo via AP) Japan's Prime Minister Sanae Takaichi speaks during a meeting with Taiwan Semiconductor Manufacturing Company's Chairman C.C. Wei at the prime minister's office in Tokyo, Thursday, Feb. 5, 2026. (Kazuhiro Nogi/Pool Photo via AP) Japan's Prime Minister Sanae Takaichi speaks during a meeting with Taiwan Semiconductor Manufacturing Company's Chairman C.C. Wei at the prime minister's office in Tokyo, Thursday, Feb. 5, 2026. (Kazuhiro Nogi/Pool Photo via AP) Japan's Prime Minister Sanae Takaichi speaks during a meeting with Taiwan Semiconductor Manufacturing Company's Chairman C.C. Wei at the prime minister's office in Tokyo, Thursday, Feb. 5, 2026. (Kazuhiro Nogi/Pool Photo via AP) TOKYO -- Taiwan’s chipmaker TSMC said Thursday it will be manufacturing some of the world's most cutting-edge semiconductors in Japan to meet booming artificial intelligence-related demand, in a boost for the country's chipmaking ambitions. Taiwan Semiconductor Manufacturing Corp., a major chip supplier to companies such as Nvidia and Apple, said Thursday it plans to make 3-nanometer semiconductors — advanced chips that are used in areas such as AI products and smartphones — at its second factory in Japan’s Kumamoto Prefecture, which is under construction. The decision by TSMC, the world’s largest contract chip maker, was a coup for Prime Minister Sanae Takaichi ahead of a general election on Sunday, where she hopes to secure the public’s manda...
Cemex press release ( CX ): Q4 GAAP EPADS of $0.24. Revenue of $4.18B (+9.7% Y/Y) beats by $170M . More on Cemex CEMEX: Improvement Is Evident, But More Is Needed To Expand The Multiple Seeking Alpha’s Quant Rating on Cemex Historical earnings data for Cemex Dividend scorecard for Cemex Financial information for Cemex
Cemex press release ( CX ): Q4 GAAP EPADS of $0.24. Revenue of $4.18B (+9.7% Y/Y) beats by $170M . More on Cemex CEMEX: Improvement Is Evident, But More Is Needed To Expand The Multiple Seeking Alpha’s Quant Rating on Cemex Historical earnings data for Cemex Dividend scorecard for Cemex Financial information for Cemex
Peter Mandelson began seeking advice from the convicted sex offender Jeffrey Epstein on how to land “highly paid” senior roles with companies including BP and Glencore within days of Labour’s 2010 electoral defeat, emails show. A flurry of messages, sent in the weeks and months following the collapse of the New Labour project, reveal how Epstein mentored Mandelson as the former cabinet minister to...
Peter Mandelson began seeking advice from the convicted sex offender Jeffrey Epstein on how to land “highly paid” senior roles with companies including BP and Glencore within days of Labour’s 2010 electoral defeat, emails show. A flurry of messages, sent in the weeks and months following the collapse of the New Labour project, reveal how Epstein mentored Mandelson as the former cabinet minister touted himself for lucrative jobs at global businesses. The emails – released by the US justice department among 3m pages of files on Epstein – lay bare the money-spinning opportunities available to departing ministers. In particular, they reveal Mandelson’s dogged pursuit of a job with the global mining firm Glencore, which became known as the “billionaire factory” thanks to the huge rewards on offer to senior staff from its $60bn stock market float in 2011. Mandelson offered to help the company with “government attention and interference” as it prepared its listing. Glencore had faced scrutiny over its tax affairs and environmental record. The pair also discussed the possibility of Mandelson taking a lucrative job as a “fireman”, helping BP to manage the ongoing reputational and financial fallout of the 2010 Deepwater Horizon oil spill and environmental disaster. Mandelson’s post-parliamentary job hunt appears to have begun in earnest on 22 May 2010, 11 days after Labour lost power, the latest tranche of Epstein files suggest. Days after losing his role as a cabinet minister, Mandelson wrote to Epstein to say that he was due to meet Ivan Glasenberg, Glencore’s billionaire chief executive, later that day. Mandelson highlighted Glasenberg’s 30% stake in another mining company, Xstrata, which he said “may be looking [for] a chairman”. Mandelson said that throwing his hat in the ring was “Nat[’s] idea”, understood to be a reference to his friend, the financier Nat Rothschild, who was an investor in the mining industry and knew Glasenberg. Sources close to Rothschild said he spo...
(RTTNews) - Maximus, Inc. (MMS), a government services provider, on Thursday reported that net income increased despite lower revenue in the first quarter compared with the previous year. For the first quarter of fiscal year 2026, net income increased to $93.94 million from $41.1 in the previous year. Earnings per share were $1.70 versus $0.69 last year. Adjusted net income increased to $102.28 mi...
(RTTNews) - Maximus, Inc. (MMS), a government services provider, on Thursday reported that net income increased despite lower revenue in the first quarter compared with the previous year. For the first quarter of fiscal year 2026, net income increased to $93.94 million from $41.1 in the previous year. Earnings per share were $1.70 versus $0.69 last year. Adjusted net income increased to $102.28 million from $96.51 million in the prior year. Adjusted earnings per share were $1.85 versus $1.61 last year. On average, two analysts had expected the company to report $1.82 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA rose to $170.41 million from $156.62 millon in the previous year. Adjusted EBITDA Margin decreased $170.41 million from $156.62 million in the previous year. Operating income increased to $146.21 million from $86.79 million in the prior year. Revenue decreased to $1.35 billion from $1.40 billion in the previous year. On average, two analysts had expected the company to report revenue at $1.37 billion. Analysts' estimates typically exclude special items. Looking ahead, the company raised its fiscal 2026 earnings guidance and narrowed its revenue outlook, while maintaining free cash flow guidance. Revenue is now expected to range between $5.2 billion and $5.35 billion, including a $25 million impact from the divestiture of the U.S. Services Segment. Full-year adjusted EBITDA margin guidance improved by 30 basis points to about 14%. Adjusted diluted earnings per share guidance was raised by $0.10 to a range of $8.05 to $8.35 for fiscal 2026. On Wednesday, Maximus closed trading 1.42% higher at $93.69 on the New York Stock Exchange. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
A trial at the Old Bailey in London heard Motin, 59, did not keep a proper lookout on 10 March last year, or use all available means to determine the risk of a collision or leave enough time to take evasive action.
A trial at the Old Bailey in London heard Motin, 59, did not keep a proper lookout on 10 March last year, or use all available means to determine the risk of a collision or leave enough time to take evasive action.
Getty Images Investment Summary My recommendation for PACCAR Inc. ( PCAR ) is a buy rating. The setup going for 2026 is solid. The Q4 results confirmed industry inventory has reset, and there is a strong tailwind that pulls forward demand ahead. All of these should result in high operating leverage, driving earnings up significantly over the next few years. Business Overview PCAR designs, manufact...
Getty Images Investment Summary My recommendation for PACCAR Inc. ( PCAR ) is a buy rating. The setup going for 2026 is solid. The Q4 results confirmed industry inventory has reset, and there is a strong tailwind that pulls forward demand ahead. All of these should result in high operating leverage, driving earnings up significantly over the next few years. Business Overview PCAR designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks. It has three primary segments. First is Truck, which PCAR engineers and builds vehicles under the Kenworth, Peterbilt, and DAF brands, with manufacturing facilities located in the United States, Europe, Australia, Brazil, and Mexico. Two is Parts, which functions as a global distributor of aftermarket components for both proprietary and third-party commercial vehicles. Last is Financial Services, which provides dealer inventory financing and consumer retail financing for the purchase of new and used trucks. 4Q25 Results Overview PCAR total revenue was $6.82 billion in Q4 2025, driven by the Truck segment’s $4.52 billion revenue, the Parts segment’s $1.74 billion revenue, and Financial Services revenue of $568.7 million. Although y/y growth was still negative, the good thing is that the freight environment is no longer deteriorating. Demand seems to be stabilizing as total truck deliveries came in at 32,900 units, up sequentially. While the increase is little, it does show that we may be past the trough of this cycle. On margins, Truck, Parts & Other gross margins came in at 12%, in line with both company guidance and consensus. But this margin could have been better if not for the temporary inefficiencies from production relocation. Adj. EPS came in at $1.06, landing in line with consensus. Overall, I see this as a stabilization quarter. The Inventory Reset And The "Pre-Buy" Wave The most important data point from this quarter, in my view, is dealer inventory. PCAR exited Q4 2025 with dealer inventory at...
Investing.com -- Bank of America on Thursday downgraded Qualcomm (NASDAQ:QCOM) to Neutral, citing a weaker handset market and mounting share losses that it said are likely to weigh on growth over the coming quarters. The bank also cut its price objective to $155 from $215, pointing to a combination of cyclical and structural pressures in smartphones, which account for the bulk of the company’s chi...
Investing.com -- Bank of America on Thursday downgraded Qualcomm (NASDAQ:QCOM) to Neutral, citing a weaker handset market and mounting share losses that it said are likely to weigh on growth over the coming quarters. The bank also cut its price objective to $155 from $215, pointing to a combination of cyclical and structural pressures in smartphones, which account for the bulk of the company’s chip revenue. The downgrade comes after Qualcomm’s latest quarterly report, which sent its shares tumbling around 12% in premarket trading Thursday. BofA analysts now expect the handset market to post a far steeper contraction than previously anticipated, forecasting a “~15% decline in unit volume this year vs -2% prior expectations,” largely driven by volatility in memory pricing, with similar weakness recently flagged by Arm (NASDAQ:ARM) and MediaTek (TW:2454). Furthermore, Qualcomm is “losing 25% share at Samsung,” analysts led by Tal Liani highlighted, with its position at Apple also "expected to decline in September.” The analysts further pointed to a likely seasonal slowdown in China following recent handset launches and holiday-driven demand. As a result, the brokerage now models Qualcomm’s core chip revenues declining in fiscal 2026. "While the stock is relatively inexpensive, currently trading at 12x FY27E P/E, we see limited near term catalysts for the stock," they wrote. Recent performance in the handset segment has already shown signs of strain. While handset revenue grew modestly year on year in the latest quarter, BofA said forward guidance implies a sharp deterioration, with second-quarter trends pointing to a “-13.4% handset growth rate” versus far milder expectations across the market. Rising memory prices are pressuring smartphone makers’ inventory plans, particularly in China, with constraints expected to persist for several years. "This, together with share losses at key customers, is hindering the handset growth profile," the analysts said. Outside handset...
SelectQuote press release ( SLQT ): Q2 GAAP EPS of $0.26 beats by $0.05 . Revenue of $537.1M (+11.6% Y/Y) beats by $6.37M . Fiscal Year 2026 Guidance Ranges: Revenue expected in a range of $1.61 billion to $1.71 billion Adjusted EBITDA* expected in a range of $90 million to $100 million More on SelectQuote SelectQuote Q2 Earnings Preview: Sell The Medicare Reimbursement News (Rating Downgrade) Sel...
SelectQuote press release ( SLQT ): Q2 GAAP EPS of $0.26 beats by $0.05 . Revenue of $537.1M (+11.6% Y/Y) beats by $6.37M . Fiscal Year 2026 Guidance Ranges: Revenue expected in a range of $1.61 billion to $1.71 billion Adjusted EBITDA* expected in a range of $90 million to $100 million More on SelectQuote SelectQuote Q2 Earnings Preview: Sell The Medicare Reimbursement News (Rating Downgrade) SelectQuote, Inc. 2026 Q1 - Results - Earnings Call Presentation SelectQuote: Shaky Carrier Trends Rattle My Confidence (Downgrade) SelectQuote Q2 2026 Earnings Preview SelectQuote secures $415M credit facility, extending debt maturity to 2031
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Bristol-Myers Squibb Co. (BMY) initiated its adjusted earnings and revenue growth guidance for the full-year 2026, above analysts' estimates. For fiscal 2026, the company now projects adjusted earnings in a range of about $6.05 to $6.35 per share on worldwide total revenues between about $46.0 billion and $47.5 billi...
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Bristol-Myers Squibb Co. (BMY) initiated its adjusted earnings and revenue growth guidance for the full-year 2026, above analysts' estimates. For fiscal 2026, the company now projects adjusted earnings in a range of about $6.05 to $6.35 per share on worldwide total revenues between about $46.0 billion and $47.5 billion. On average, 25 analysts polled expect the company to report earnings of $6.04 per share on a revenues decline of 7.85 percent to $44.22 billion for the year. Analysts' estimates typically exclude special items. In Thursday's pre-market trading, BMY is trading on the NYSE at $58.64, up $1.01 or 1.75 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.