Image source: The Motley Fool. Aug. 5, 2025 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Kevin M. Stein Co-Chief Operating Officer and CEO-elect — Michael J. Lisman Chief Financial Officer — Sarah L. Wynne General Counsel and Chief Compliance Officer — Armani Vadiee Co-Chief Operating Officer — Joel Reese Executive Vice President — Patrick Murphy Executive Vice President — Dave Wilmot...
Image source: The Motley Fool. Aug. 5, 2025 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Kevin M. Stein Co-Chief Operating Officer and CEO-elect — Michael J. Lisman Chief Financial Officer — Sarah L. Wynne General Counsel and Chief Compliance Officer — Armani Vadiee Co-Chief Operating Officer — Joel Reese Executive Vice President — Patrick Murphy Executive Vice President — Dave Wilmot TAKEAWAYS Revenue guidance -- Midpoint set at $8.79 billion, up approximately 11% versus prior year. -- Midpoint set at $8.79 billion, up approximately 11% versus prior year. EBITDA as defined guidance -- Raised to a midpoint of $4.725 billion, representing 13% growth, with a margin forecast around 53.8%. -- Raised to a midpoint of $4.725 billion, representing 13% growth, with a margin forecast around 53.8%. Sales guidance change -- Full-year guidance reduced by $60 million, driven by lower commercial OEM build rates and inventory destocking. -- Full-year guidance reduced by $60 million, driven by lower commercial OEM build rates and inventory destocking. EBITDA as defined guidance change -- Increased $40 million from prior guidance, reflecting improved operating performance. -- Increased $40 million from prior guidance, reflecting improved operating performance. Adjusted EPS guidance -- Midpoint is $36.74, an approximate increase of 8% year over year. -- Midpoint is $36.74, an approximate increase of 8% year over year. Commercial OEM revenue growth expectation -- Revised to flat to low single-digit percentage range, down from prior low to mid-single-digit range. -- Revised to flat to low single-digit percentage range, down from prior low to mid-single-digit range. Commercial aftermarket and defense guidance -- Growth outlook unchanged at high single-digit to low double-digit percentage range for each channel. -- Growth outlook unchanged at high single-digit to low double-digit percentage range for each channel. Commercial OEM actual performance -- Revenue declined 7% year...
Earnings Call Insights: T. Rowe Price Group, Inc. (TROW) Q4 2025 Management View Robert Sharps, President, CEO & Chair of the Board, highlighted that T. Rowe Price concluded the year with $1.78 trillion in assets under management, reflecting over 10% growth from the start of the year, despite $56.9 billion in net outflows. He emphasized, “We are building momentum across our strategic initiatives. ...
Earnings Call Insights: T. Rowe Price Group, Inc. (TROW) Q4 2025 Management View Robert Sharps, President, CEO & Chair of the Board, highlighted that T. Rowe Price concluded the year with $1.78 trillion in assets under management, reflecting over 10% growth from the start of the year, despite $56.9 billion in net outflows. He emphasized, “We are building momentum across our strategic initiatives. I remain confident in our plan and our people, and I look forward to what's ahead.” Sharps noted improvement in key strategies' performance and a continued strong long-term track record, particularly in fixed income and the Target Date franchise. He reported, “We established a strategic collaboration with Goldman Sachs to pursue opportunities in wealth and retirement...launched the first co-branded model portfolios...and announced in January a new strategic partnership with First Abu Dhabi Bank.” The company launched 13 ETFs in 2025, bringing the total to 30 and exceeding $21 billion in ETF assets under management. Sharps also highlighted a first close for a T. Rowe Price-managed private equity fund in early 2026 and OHA’s second consecutive record fundraising year with over $16 billion raised. Jen Dardis, CFO & Treasurer, stated, “Our adjusted diluted earnings per share for Q4 2025 was $2.44, bringing full year adjusted diluted EPS to $9.72, which is up 4.2% from 2024 on higher average AUM, investment advisory revenue and lower average share count.” Outlook Dardis provided 2026 expense guidance: “Based on normal market conditions and assets at the end of 2025, we anticipate 2026 adjusted operating expenses, excluding carried interest expense, will be up 3% to 6% over 2025's $4.6 billion.” The company expects ongoing expense management, continued investment in growth areas such as ETFs, SMAs, models, alternatives, and partnerships. Management cited moderate equity market growth and modest fixed income growth assumptions for 2026. Sharps explained, “The biggest factor in any...
It might have aired on 5 January but it was instantly hailed as a contender for TV moment of the year. Egged on by his pal Amanda Holden, the reluctant Alan Carr braved a huge slide at a water park in Corfu called the Black Hole. “It’s pitch black,” warned Holden. “You won’t see a thing.” “Sounds awful,” said the nervous comedian, asking the lifeguard to “Pray for me.” He proceeded to fall out of ...
It might have aired on 5 January but it was instantly hailed as a contender for TV moment of the year. Egged on by his pal Amanda Holden, the reluctant Alan Carr braved a huge slide at a water park in Corfu called the Black Hole. “It’s pitch black,” warned Holden. “You won’t see a thing.” “Sounds awful,” said the nervous comedian, asking the lifeguard to “Pray for me.” He proceeded to fall out of his rubber ring and scream all the way down a long, dark tunnel before hurtling head first into the pool. Holden just about recovered from her hysterical mirth to wrap the traumatised Carr in a towel, noting that he looked like “ET on the bike”. Welcome to Amanda & Alan’s Greek Job – the most feelgood guilty pleasure on air. Allow TikTok content? This article includes content provided by TikTok . We ask for your permission before anything is loaded, as they may be using cookies and other technologies. To view this content, click 'Allow and continue'. Allow and continue Pulling in 4 million viewers, this surprise hit is a mashup of celebrity travelogue and renovation show. You might well think there is already enough of both genres clogging up the schedules. You would be correct – but this total riot of a show proves an exception. The pitch might sound suspiciously like daytime ITV trash, rather than primetime BBC fodder, but it’s elevated by the high-wattage charisma of its stars and their downright adorable friendship. The ultimate hun and the chatty man have been close friends for 20 years and have chemistry to burn. They get stuck into the ouzo. They visit a spa together and get told off for laughing too much in the Jacuzzi. Holden shamelessly attempts to matchmake Carr with every eligible male they meet. In her quest to land him “a Greek god”, she signs Carr up for a gay dating app and has to guess some crucial measurements. “This is an eye-opener!” she gasps delightedly. “They’re very detailed on these apps.” They wear matching Elvis-style white jumpsuits, for reasons ...
This article first appeared on GuruFocus. Palantir (NASDAQ:PLTR) shares plunged nearly 10% on Wednesday morning despite an upgrade from HSBC, which moved its rating to "Buy" from "Hold" and raised its price target to $205 from $197. HSBC analyst Stephen Bersey said he expects the U.S. commercial segment to see a compound annual growth rate of 58.8% from 2025 to 2029, reaching $9.3 billion in 2029....
This article first appeared on GuruFocus. Palantir (NASDAQ:PLTR) shares plunged nearly 10% on Wednesday morning despite an upgrade from HSBC, which moved its rating to "Buy" from "Hold" and raised its price target to $205 from $197. HSBC analyst Stephen Bersey said he expects the U.S. commercial segment to see a compound annual growth rate of 58.8% from 2025 to 2029, reaching $9.3 billion in 2029. Bersey pointed to Palantir's 4Q25 commercial momentum, noting revenue rose 137% year-on-year to $507 million (3Q25: up 122%), and that total contract value of new agreements was $1,344 million in 4Q25 versus $1,310 million in 3Q25. Bersey's upgrade and higher target reflect that performance, but he cautioned the return on invested capital for some internal enterprise AI projects can be disappointing, which may slow the tempo of future contract signings. Investors appeared to focus on those cautionary notes despite the firm results, sending the shares lower. Market participants will likely watch incoming sales and contract disclosures closely for evidence of sustainable commercial growth. Analysts and investors await Palantir's next quarterly update and guidance closely.
Alphabet reports Q4 2025 earnings today after market close. After being one of only two Magnificent Seven companies that outperformed the S&P 500 last year, Wall Street is expecting EPS of $2.64, up nearly 23% year-over-year (YOY), on revenue near $113 billion, up around 15% YOY. Shares have gained nearly 63% over the past year ... Alphabet Aims for 12 Consecutive Quarterly Earnings Beats When It ...
Alphabet reports Q4 2025 earnings today after market close. After being one of only two Magnificent Seven companies that outperformed the S&P 500 last year, Wall Street is expecting EPS of $2.64, up nearly 23% year-over-year (YOY), on revenue near $113 billion, up around 15% YOY. Shares have gained nearly 63% over the past year ... Alphabet Aims for 12 Consecutive Quarterly Earnings Beats When It Reports Today
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares slid about 2% on Wednesday morning after a delay in U.S. approval for China chip exports renewed investor concerns. The stock fell to around $179 as traders reacted to uncertainty over when Nvidia can resume large-scale sales of its H200 artificial-intelligence chips to China. U.S. authorities are still reviewing export license ...
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares slid about 2% on Wednesday morning after a delay in U.S. approval for China chip exports renewed investor concerns. The stock fell to around $179 as traders reacted to uncertainty over when Nvidia can resume large-scale sales of its H200 artificial-intelligence chips to China. U.S. authorities are still reviewing export license applications on national security grounds, even after earlier signals that some shipments could restart. The extended review has led Chinese customers to postpone orders until clearer guidance is issued. China has been a key growth market for Nvidia's data-center business. Chief Executive Jensen Huang has said demand for advanced AI chips there could be significant over time. However, some suppliers linked to the H200 program have slowed production while the approval process remains unresolved. Analysts said the delay adds regulatory risk at a time when Nvidia's valuation reflects strong expectations for AI spending. Any setback in access to overseas markets could weigh on near-term sentiment. Morgan Stanley said recent share weakness may be overstated, citing steady industry demand and the possibility of stronger earnings if export approvals are eventually granted.
What The Hell Happened To Don Lemon? From "Racism Is Over" To White Christian-Hating Radical Authored by Steve Watson via Modernity.news, In one of his most revealing moments years ago, Don Lemon sat down with Morgan Freeman and admitted exhaustion with the race narrative. “Sometimes, I get so tired of talking about it,” Lemon said. “I wanna just go, ‘This is over. Can we move on?’” Don Lemon once...
What The Hell Happened To Don Lemon? From "Racism Is Over" To White Christian-Hating Radical Authored by Steve Watson via Modernity.news, In one of his most revealing moments years ago, Don Lemon sat down with Morgan Freeman and admitted exhaustion with the race narrative. “Sometimes, I get so tired of talking about it,” Lemon said. “I wanna just go, ‘This is over. Can we move on?’” Don Lemon once told Morgan Freeman that he was tired of talking about race because racism “is over.” “Sometimes, I get so tired of talking about it. I wanna just go, ‘This is over. Can we move on?’” Now Don Lemon harasses pastors and portrays church goers as white supremacists. pic.twitter.com/nROt2HvcrX — Vigilant Fox 🦊 (@VigilantFox) February 2, 2026 He also once had some sage advice for black people: pic.twitter.com/SKq9kkRd5A — MCM (@MMike218) February 2, 2026 Today that same man harasses pastors, calls ordinary churchgoers entitled because of “WHITE SUPREMACY,” and defends mobs that storm Christian services. Lemon’s dramatic transformation reached a new level this month when he was arrested by federal agents in connection with the anti-ICE mob that disrupted a worship service at Cities Church in St. Paul, Minnesota. The Trump DOJ is now pursuing prison time against Lemon and others involved under federal civil rights statutes protecting religious freedom. A clear turning point came in March 2024 when Elon Musk terminated a planned partnership for The Don Lemon Show on X. Musk bluntly explained that Lemon’s approach was “just CNN, but on social media” and lacked authenticity. Lemon responded by calling Musk racist, claiming the billionaire was “not used to having to answer to anyone, especially someone like me who doesn’t look like him.” Musk fired back, placing Lemon in the “stupid asshole” quadrant on a personality-intelligence chart. Instead of recalibrating toward more independent journalism, Lemon doubled down on the very identity politics he once appeared weary of. By May 2025,...
Why AMD’s stock dove to its worst day in years after earnings MarketWatch AMD stock sinks 17% after earnings. Here's why CNBC AMD predicts weaker first-quarter sales, shares plunge on Nvidia comparisons Reuters Advanced Micro Devices Stock Falls 12% Nasdaq AMD Is Being Punished For The Wrong Reasons (Q4 Earnings Review) (NASDAQ:AMD) Seeking Alpha AMD’s Post-Earnings Dip Looks Like the Buying Windo...
Why AMD’s stock dove to its worst day in years after earnings MarketWatch AMD stock sinks 17% after earnings. Here's why CNBC AMD predicts weaker first-quarter sales, shares plunge on Nvidia comparisons Reuters Advanced Micro Devices Stock Falls 12% Nasdaq AMD Is Being Punished For The Wrong Reasons (Q4 Earnings Review) (NASDAQ:AMD) Seeking Alpha AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted MarketBeat Why AMD Stock Crashed Today fool.com AMD's Stock Takes a Hit Despite Solid Earnings. What Happened? Investopedia AMD Stock Drops Despite Beat-And-Raise Earnings Report Investor's Business Daily
Image source: The Motley Fool. Tuesday, Oct. 22, 2024, at 9:00 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Derek Schmidt Chief Financial Officer — Mike Ressler Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Sales -- $104 million, representing a 9.9% increase, marking the fourth consecutive quarter of year-over-year growth and near the high end ...
Image source: The Motley Fool. Tuesday, Oct. 22, 2024, at 9:00 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Derek Schmidt Chief Financial Officer — Mike Ressler Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Sales -- $104 million, representing a 9.9% increase, marking the fourth consecutive quarter of year-over-year growth and near the high end of the guidance range. -- $104 million, representing a 9.9% increase, marking the fourth consecutive quarter of year-over-year growth and near the high end of the guidance range. Sales Orders -- $100.8 million, up 9.4% from the prior year's quarter total of $92.1 million. -- $100.8 million, up 9.4% from the prior year's quarter total of $92.1 million. Sales Order Backlog -- $60.5 million at period end, providing forward visibility into demand. -- $60.5 million at period end, providing forward visibility into demand. GAAP Operating Income -- $6 million, translating to a 5.8% operating margin, a 380-basis-point increase from the prior year quarter. -- $6 million, translating to a 5.8% operating margin, a 380-basis-point increase from the prior year quarter. Operating Margin Trend -- Fifth consecutive quarter of year-over-year improvement, reflecting ongoing leverage and portfolio management. -- Fifth consecutive quarter of year-over-year improvement, reflecting ongoing leverage and portfolio management. Operating Cash Flow -- $2.4 million generated, with the increase attributed to higher profit and effective working capital management. -- $2.4 million generated, with the increase attributed to higher profit and effective working capital management. Life Insurance Proceeds -- $1.2 million received during the quarter. -- $1.2 million received during the quarter. Capital Expenditures -- $0.4 million invested, focused primarily on modernizing ERP systems. -- $0.4 million invested, focused primarily on modernizing ERP systems. Working Capital -- $98.3 million on hand at quarter en...
Lockheed Martin (NYSE: LMT) stock rose an astonishing 31.1% in January according to data provided by S&P Global Market Intelligence, as the company and the U.S. defense sector were bolstered by President Trump's call for a $1.5 trillion defense budget in 2027. It's a figure equivalent to more than the GDP of the Netherlands and a massive ramp from the $900 billion approved for 2026. In addition, L...
Lockheed Martin (NYSE: LMT) stock rose an astonishing 31.1% in January according to data provided by S&P Global Market Intelligence, as the company and the U.S. defense sector were bolstered by President Trump's call for a $1.5 trillion defense budget in 2027. It's a figure equivalent to more than the GDP of the Netherlands and a massive ramp from the $900 billion approved for 2026. In addition, Lockheed released a positive set of full-year earnings and guidance that contained a strategic game-changer for the company. On one hand, the intended massive ramp in spending is extremely bullish for defense companies, and the market wasted no time in pricing it into defense stock valuations. On the other hand, the Trump administration continued its aggressive approach to rewriting the government's relationship with defense companies. Back in April 2025, Trump issued an executive order referencing "misplaced priorities and poor management" in defense acquisition and called for a revitalization of the "defense industrial base." directed the Secretary of War to ensure future defense contracts permit the Secretary to cap executive salaries, and "prohibit stock buybacks and corporate distributions" if the contractor is underperforming and not delivering on the contract in time. Continue reading
India will play England in the final of the Under-19 World Cup after a record-breaking run-chase against Afghanistan in Harare. The five-time winners chased down an Under-19 World Cup record target of 311 for the loss of just three wickets and with more than eight overs to spare in a blistering display. Aaron George hit 115 after 14-year-old Vaibhav Suryavanshi, who already has a 35-ball IPL centu...
India will play England in the final of the Under-19 World Cup after a record-breaking run-chase against Afghanistan in Harare. The five-time winners chased down an Under-19 World Cup record target of 311 for the loss of just three wickets and with more than eight overs to spare in a blistering display. Aaron George hit 115 after 14-year-old Vaibhav Suryavanshi, who already has a 35-ball IPL century to his name, smoked a scintillating 68 off just 33 balls after being dropped twice. Captain Ayush Mhatre added a half-century of his own as India waltzed into their 10th final against an England side looking for their first win in the competition since 1998. Faisal Khan Shinozada and Uzairullah Niazai both hit centuries for Afghanistan, who looked well set until the India batters took over. "Our discussion was simple - just play our natural game," said Mhatre. "The wicket was playing beautifully, a real flat wicket, so we knew if we played naturally, it would be a manageable total. "Suryavanshi played a major role in the chase. Scoring 90 runs in the first 10 overs released all the pressure, making it much easier for the rest of us to build the innings. "George is a classy, fabulous batsman. He anchored the innings perfectly." There will be ball-by-ball commentary of Friday's final on BBC Radio 5 Sports Extra and the BBC Sport website and app from 07:30 GMT.
Image source: The Motley Fool. Monday, May 12, 2025 at 5:00 p.m. ET Call participants Chief Executive Officer — Javier Rodriguez Chief Financial Officer — Joel Ackerman Takeaways Adjusted Operating Income -- $439 million, above prior guidance due to stronger expense management, phosphate binder profitability, and international performance, partially offset by lower-than-expected treatment volume. ...
Image source: The Motley Fool. Monday, May 12, 2025 at 5:00 p.m. ET Call participants Chief Executive Officer — Javier Rodriguez Chief Financial Officer — Joel Ackerman Takeaways Adjusted Operating Income -- $439 million, above prior guidance due to stronger expense management, phosphate binder profitability, and international performance, partially offset by lower-than-expected treatment volume. -- $439 million, above prior guidance due to stronger expense management, phosphate binder profitability, and international performance, partially offset by lower-than-expected treatment volume. Adjusted EPS -- $2 for the quarter, reflecting outperformance in key cost and revenue drivers. -- $2 for the quarter, reflecting outperformance in key cost and revenue drivers. Free Cash Flow -- Negative $45 million, with no explicit callout for seasonality or one-time items impacting the period. -- Negative $45 million, with no explicit callout for seasonality or one-time items impacting the period. U.S. Treatments per Day -- Declined 40 basis points year over year and trailed internal forecast by approximately 50 basis points, primarily due to an elevated flu season and weather disruptions. -- Declined 40 basis points year over year and trailed internal forecast by approximately 50 basis points, primarily due to an elevated flu season and weather disruptions. Annual Treatment Volume Guidance -- Updated to an expected 50 basis point decline for the year, citing census impact from flu, increased mistreatment rate, and approximately 500 admissions lost during a two-week period tied to the cyber incident. -- Updated to an expected 50 basis point decline for the year, citing census impact from flu, increased mistreatment rate, and approximately 500 admissions lost during a two-week period tied to the cyber incident. Revenue per Treatment (RPT) -- $4 higher sequentially, with approximately $10 increase attributed to new phosphate binder reimbursement, partially offset by a $5 seasonal d...
Image source: The Motley Fool. Aug. 5, 2025, at 5 p.m. ET Call participants Chief Executive Officer — Javier J. Rodriguez Chief Financial Officer — Joel Ackerman Takeaways Adjusted operating income -- $551 million was reported for the quarter. -- $551 million was reported for the quarter. Adjusted earnings per share -- $2.95 was disclosed for the period. -- $2.95 was disclosed for the period. Free...
Image source: The Motley Fool. Aug. 5, 2025, at 5 p.m. ET Call participants Chief Executive Officer — Javier J. Rodriguez Chief Financial Officer — Joel Ackerman Takeaways Adjusted operating income -- $551 million was reported for the quarter. -- $551 million was reported for the quarter. Adjusted earnings per share -- $2.95 was disclosed for the period. -- $2.95 was disclosed for the period. Free cash flow -- $157 million was generated during the quarter. -- $157 million was generated during the quarter. U.S. treatment volume -- Per day, declined by 1.1%, which was 50 basis points below internal expectations, mainly due to elevated missed treatments following a cyber incident. -- Per day, declined by 1.1%, which was 50 basis points below internal expectations, mainly due to elevated missed treatments following a cyber incident. Full-year U.S. treatment volume guidance -- Now forecasts a 0.75%-1% decline, versus prior guidance of down 0.5%. -- Now forecasts a 0.75%-1% decline, versus prior guidance of down 0.5%. Revenue per treatment (RPT) -- Increased sequentially by approximately $4.50 but was lower than expectations due to cyber-related issues and decreased phosphate binder volumes; quarter RPT impact from the cyber incident was estimated at $40 million to $50 million. -- Increased sequentially by approximately $4.50 but was lower than expectations due to cyber-related issues and decreased phosphate binder volumes; quarter RPT impact from the cyber incident was estimated at $40 million to $50 million. Full-year RPT growth outlook -- Guidance now points to the lower end of the original 4.5%-5.5% range. -- Guidance now points to the lower end of the original 4.5%-5.5% range. Patient care costs (PCC) per treatment -- Fell by about $3.50 versus the previous quarter, primarily from higher treatment counts, increased labor productivity, and lower binder dispensing. -- Fell by about $3.50 versus the previous quarter, primarily from higher treatment counts, increased lab...
New York, Feb 4, 2026, 10:39 ET — Regular session Broadcom shares dipped 2.3% to $312.87 in early trading Wednesday, retreating alongside other chip stocks as investors scaled back risk following a steep decline in Advanced Micro Devices. Traders are rethinking the strength of the latest surge in AI chip demand. AMD shares dropped after the company forecasted sales below investor expectations, rei...
New York, Feb 4, 2026, 10:39 ET — Regular session Broadcom shares dipped 2.3% to $312.87 in early trading Wednesday, retreating alongside other chip stocks as investors scaled back risk following a steep decline in Advanced Micro Devices. Traders are rethinking the strength of the latest surge in AI chip demand. AMD shares dropped after the company forecasted sales below investor expectations, reigniting doubts about how fast AI hardware spending will grow and which players will benefit. (Reuters) The announcement comes amid jitters over AI’s ripple effects in software. After Anthropic unveiled its new “Claude Cowork” agent plug-ins, software and IT services shares faced a global selloff. Investors worry these AI tools might automate tasks underpinning traditional software business models. (Reuters) Broadcom occupies a tricky spot, straddling data center chip sales and a hefty infrastructure software segment centered on VMware. This blend has turned its stock into a barometer for changing moods on AI hardware demand and enterprise software spending. The shares dropped 3.3% on Tuesday, lagging behind several semiconductor rivals amid a broader market decline. (MarketWatch) Broadcom rolled out new product news Tuesday, unveiling what it claims is the first enterprise Wi‑Fi 8 access point and switch solution built on a unified architecture designed for “AI-ready” networks. The company is already sampling the platform with early access customers. “The demand for a robust, intelligent, and secure network infrastructure has never been greater,” said Mark Gonikberg, senior vice president and general manager at Broadcom. Siân Morgan, research director at Dell’Oro Group, noted the move should boost “enhanced network performance and advanced analytics for AIOps,” which refers to applying AI to IT operations. (Nasdaq) Investors should mark their calendars. Broadcom announced Monday it will release its fiscal 2026 first-quarter results on March 4, after the market closes, follo...
bopav Nasdaq ( NDAQ ), the exchange operator that also owns popular equity indexes, is proposing to accelerate the inclusion of newly listed, large-cap companies to its Nasdaq 100 Index, the company said. The proposal comes as some closely held tech giants are preparing initial public offerings, including Elon Musk's SpaceX ( SPACE ), which is seeking a valuation of over $1T, OpenAI ( OPENAI ), an...
bopav Nasdaq ( NDAQ ), the exchange operator that also owns popular equity indexes, is proposing to accelerate the inclusion of newly listed, large-cap companies to its Nasdaq 100 Index, the company said. The proposal comes as some closely held tech giants are preparing initial public offerings, including Elon Musk's SpaceX ( SPACE ), which is seeking a valuation of over $1T, OpenAI ( OPENAI ), and Anthropic ( ANTHRO ). Under the current rules, new stocks are only added to the index during the index's annual reconstitution, when an index member is deleted, or as the result of a spinoff. A “fast entry” rule would allow a stock to be added to the index when its entire market capitalization ranks within the top 40 current constituents, Nasdaq said in a statement. A “fast entry” addition would be announced with at least five trading days' notice and would be added to the index after 15 trading days, it said. The addition would be exempt from seasoning and liquidity requirements, and its inclusion wouldn't require the removal of a security. Instead, the index constituent account would be increased until the next annual reconstitution. The quicker addition to the Nasdaq 100 Index is important because index-based ETFs would automatically add the new stock to their holdings. Invesco QQQ ETF ( QQQ ) is the largest ETF based on the Nasdaq 100, with class assets under management of $412B. If the proposals become final, they won't be implemented until after the March Quarterly Rebalance effective date of March 23, 2026. More on Nasdaq, Invesco QQQ ETF When Market Darlings Become Outcasts Energy, Infrastructure, And Industrials - My Favorite Places To Invest For The Next Decade Risk-Off Flows And A Tech/AI Panic - Market Reactions Nasdaq drops 2% as tech rout deepens and bitcoin slides 5% in risk-off move ETF inflows shatter records as $165B floods in during the month of January