Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Advisors Capital Management’s JoAnne Feeney, Center for International Policy Vice Chair Joe Cirincione, UBS’ Michael Lasser, Ethan Allen Interiors CEO Farooq Kathwari, Principal Asset Management’s George Maris, The Points Guy’...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Advisors Capital Management’s JoAnne Feeney, Center for International Policy Vice Chair Joe Cirincione, UBS’ Michael Lasser, Ethan Allen Interiors CEO Farooq Kathwari, Principal Asset Management’s George Maris, The Points Guy’s Becky Blaine, Complex CEO Aaron Levant, Pete & Gerry’s CEO Tom Flocco, & KPMG’s Diane Swonk. (Source: Bloomberg)
gorodenkoff/iStock via Getty Images MTU Aero Engines AG ( MTUAY , MTUAF ) has lost 17% of its value since my last report and that is definitely not the type of performance I am looking for in a strong buy rated name. I believe that MTU Aero Engines is still looking attractive for the long term, and the share price decline is more in sympathy with an industry that saw its valuation levels rise subs...
gorodenkoff/iStock via Getty Images MTU Aero Engines AG ( MTUAY , MTUAF ) has lost 17% of its value since my last report and that is definitely not the type of performance I am looking for in a strong buy rated name. I believe that MTU Aero Engines is still looking attractive for the long term, and the share price decline is more in sympathy with an industry that saw its valuation levels rise substantially rather than an immediate concern for MTU Aero Engine’s business. However, we also note that the company’s earnings presentation included one particular slide that captures a justified concern that investors may have. In this report, I discuss the company’s earnings for 2025, assess the guidance and update my price target. MTU Aero Engines Had A Good Year Despite GTF Pressures MTU Aero Engines For 2025, MTU had guided for revenues of €8.6-€8.8 billion against an initial guidance of €8.3-€8.5 billion. The company ended the year with €8.72 billion in sales marking 16% growth in sales. EBIT grew 29% to €1.35 billion with margins growing from 14% to 15.5%. The company had initially guided mid-teens growth and later upped that to mid-twenties. So, the nearly 30% growth is extremely strong. The company’s 2030 targets were 14.5%-15.5% and we see that MTU reached that years ahead of the planning. Net income increased 27% to €968 million while free cash flow more than doubled to €378 million despite €360 million in GTF related compensation to customers. The GTF engine issues are not caused by MTU, but as a risk-sharing partner on the program they are impacted by the issues. MTU Aero Engines saw its OEM (Original Equipment Manufacturer) sales increase 13.6% to €2.875 billion driven by 18% growth in OEM revenues to €2.26 billion while OEM military revenue remained flat at €614 billion. EBIT grew 43% to €873 million marking a margin improvement from 24.2% to 30.4%. The growth was driven by a favorable OEM mix. We do note that organic commercial OEM sales performance was strong...
Shares of satellite communications provider jumped 12.4% in the morning session after reports surfaced that Amazon was in discussions to acquire competitor Globalstar, a deal that lifted investor sentiment across the satellite telecommunications sector.
Shares of satellite communications provider jumped 12.4% in the morning session after reports surfaced that Amazon was in discussions to acquire competitor Globalstar, a deal that lifted investor sentiment across the satellite telecommunications sector.
Archive of Our Own (AO3) is officially exiting beta. The Organization for Transformative Works - the nonprofit behind the fanfiction site - announced the update on Thursday , which comes 17 years after AO3's launch in 2009. "Since 2009, AO3 has grown and changed a lot," the announcement says. "We've introduced many features over the years through the efforts of our volunteers and coding contributo...
Archive of Our Own (AO3) is officially exiting beta. The Organization for Transformative Works - the nonprofit behind the fanfiction site - announced the update on Thursday , which comes 17 years after AO3's launch in 2009. "Since 2009, AO3 has grown and changed a lot," the announcement says. "We've introduced many features over the years through the efforts of our volunteers and coding contributors, as well as the contractors we've been able to hire thanks to generous donations from our users." The post highlights some of the features that AO3 has since its launch, including a tagging system, fanworks downloads, privacy settings that allow … Read the full story at The Verge.
DieterMeyrl Mexican Gold Mining ( MEX:CA ) appointed Holgren Lai as its Chief Financial Officer, effective today, April 2, 2026. He was a seasoned accounting professional with experience in financial reporting, supporting IPOs, tax reporting, payroll, and internal controls across mining and other industries. Mr. Lai became the new CFO , replacing Julie Van Baarsen, who resigned to pursue other opp...
DieterMeyrl Mexican Gold Mining ( MEX:CA ) appointed Holgren Lai as its Chief Financial Officer, effective today, April 2, 2026. He was a seasoned accounting professional with experience in financial reporting, supporting IPOs, tax reporting, payroll, and internal controls across mining and other industries. Mr. Lai became the new CFO , replacing Julie Van Baarsen, who resigned to pursue other opportunities. More on Mexican Gold Mining Corp. Financial information for Mexican Gold Mining Corp.
Blue Owl Capital (NYSE:OWL) , an alternative asset manager, closed Thursday at $8.57, down 1.61%. The stock moved lower after news that it would restrict withdrawals on two of its funds. Trading volume reached 62.4 million shares, coming in about 116% above its three-month average of 28.9 million shares. Blue Owl Capital IPO'd in 2020 and has fallen 20% since going public. The S&P 500 (SNPINDEX:^G...
Blue Owl Capital (NYSE:OWL) , an alternative asset manager, closed Thursday at $8.57, down 1.61%. The stock moved lower after news that it would restrict withdrawals on two of its funds. Trading volume reached 62.4 million shares, coming in about 116% above its three-month average of 28.9 million shares. Blue Owl Capital IPO'd in 2020 and has fallen 20% since going public. The S&P 500 (SNPINDEX:^GSPC) edged up 0.11% to 6,583, while the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.18% to finish at 21,879. Within asset management, industry peers Blackstone (NYSE:BX) declined 1.12% to close at $113.07, and KKR (NYSE:KKR) ended down 0.14% at $91.23 as investors reassessed private credit risk. Continue reading
Luis Alvarez/DigitalVision via Getty Images April 2nd was a really rough day for shareholders of Acuity Inc. ( AYI ). The stock dropped over 7.5% in late afternoon trading after management reported, prior to the market opening, financial results for the second quarter of the company's 2026 fiscal year. Although revenue and earnings both increased year over year, they fell short of analysts’ expect...
Luis Alvarez/DigitalVision via Getty Images April 2nd was a really rough day for shareholders of Acuity Inc. ( AYI ). The stock dropped over 7.5% in late afternoon trading after management reported, prior to the market opening, financial results for the second quarter of the company's 2026 fiscal year. Although revenue and earnings both increased year over year, they fell short of analysts’ expectations . This is disappointing to say the least. But there is some good news here. And this is the fact that the stock is now trading cheaper than it was. In fact, based on recent growth and how cheap shares appear to be at the moment, I would actually argue that upgrading it from the Hold I rated it in January of this year to a very soft Buy makes sense. The picture finally looks good enough In the past, I have been rather neutral about Acuity. In my January article, for instance, I acknowledged that the business was achieving operational improvements. However, the stock was not yet cheap enough to justify anything other than a Hold rating. Since then, however, shares are down 17%. That's far worse than the 5.4% drop that the S&P 500 ( SP500 ) experienced over the same window of time. It is worth noting that, since I originally rated it a Hold way back in March of 2022, the stock is up just a bit less than the market is, having risen 44.2% compared to the 50.7% rise that the market enjoyed. But even back then, the stock looked a bit more expensive from a valuation standpoint than I wanted it to be. Author - SEC EDGAR Data You would think, judging by recent underperformance, that the company was experiencing issues. But I would challenge that narrative. Year over year for the second quarter of the 2026 fiscal year, revenue grew from $1.01 billion to $1.06 billion. While that meant that the company still fell short of expectations that analysts had given to the tune of $25.1 million, it still represents a nice increase. We saw a similar thing when it came to profitability. E...
RHJ/iStock via Getty Images Anfield Energy ( AEC ) has been one of the top-performing stocks of the entire stock market in the last 12 months. The stock has surged 93%, and thus it has outperformed the S&P 500, which has gained 17%, by an impressive margin. The outstanding performance of Anfield Energy has resulted from the bright outlook of nuclear power and the ideal positioning of the company t...
RHJ/iStock via Getty Images Anfield Energy ( AEC ) has been one of the top-performing stocks of the entire stock market in the last 12 months. The stock has surged 93%, and thus it has outperformed the S&P 500, which has gained 17%, by an impressive margin. The outstanding performance of Anfield Energy has resulted from the bright outlook of nuclear power and the ideal positioning of the company to benefit from the expected boom of nuclear power. The big question is whether the stock remains attractive after such a steep rally. Business overview Anfield Energy is engaged in the exploration, development, and production of mineral properties in the U.S. It is primarily focused on uranium, vanadium, and gold properties. Uranium is the key input of nuclear reactors, while vanadium is a vital metal in many industries, such as construction, aerospace, and automotive. Nuclear power was suffering from negative public sentiment for decades due to two catastrophic accidents, namely the accident at Chernobyl, Ukraine, in 1986 and the accident in Fukushima, Japan, in 2011. Due to these two accidents, the global energy produced by nuclear plants has remained essentially flat over the last two decades. Nuclear Generation Per Year (World Nuclear Association) Source: World Nuclear Association However, the global energy landscape is currently going through a major transition. The demand for energy is likely to grow significantly in the upcoming years thanks to the secular boom of AI data centers. As nearly all countries are doing their best to curtail the consumption of fossil fuels, the incremental demand should be covered with clean energy sources. Solar and wind power plants are clean sources of energy, but they are not 100% reliable, as they cannot generate energy on a continuous basis due to the volatile nature of weather. Therefore, nuclear power is widely viewed as the ideal solution, as it is both clean and continuous. Uranium is the primary input of nuclear reactors, and he...