The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.55%. March E-mini S&P futures (ESH26) fell -0.84%, and March E-mini Nasdaq futures (NQH26) fell -1.54%. Stock indexes gave up an early advance on Tuesday and sold off sharply, with the Dow Jones Industrials falling fro...
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.55%. March E-mini S&P futures (ESH26) fell -0.84%, and March E-mini Nasdaq futures (NQH26) fell -1.54%. Stock indexes gave up an early advance on Tuesday and sold off sharply, with the Dow Jones Industrials falling from a new record high and the S&P 500 and Nasdaq 100 dropping to 1.5-week lows. Data service and software stocks retreated on Tuesday, dragging the broader market lower, following the release of an automation tool for lawyers by artificial-intelligence firm Anthropic. Also, chip makers and AI-infrastructure stocks gave up an early rally and fell sharply as investors rotated out of tech stocks into more economically sensitive industries. Stocks initially moved higher on Tuesday after robust earnings from Palantir Technologies and Teradyne sparked a rally in technology stocks. Palantir Technologies closed up more than +5% after forecasting 2026 revenue that significantly exceeded expectations. Also, Teradyne closed up by more than +11% after forecasting Q1 revenue well above consensus. Mining stocks rallied on Tuesday after the price of gold jumped more than +6% and silver prices soared more than +8%. Precious metals are rebounding after the sharp selloff seen over the past two sessions. Cryptocurrency-exposed stocks tumbled on Tuesday after Bitcoin (^BTCUSD) fell more than 3% to a 1.25-year low, as the rout in equity markets sparked risk-off sentiment across other asset markets. Richmond Fed President Tom Barkin said today that the US economic outlook is improving as uncertainty fades, but risks remain, with hiring concentrated in a few sectors and inflation still running above the Fed's goal. The partial US government shutdown, now in its fourth day on Tuesday, has dampened investor sentiment as markets await the House's approval of a funding deal President Trump worked out w...
Jack Henry & Associates press release ( JKHY ): FQ2 GAAP EPS of $1.72 beats by $0.29 . Revenue of $619.33M (+7.9% Y/Y) beats by $8.93M . Full year fiscal 2026 guidance (Dollars in millions): 3 Current GAAP Low High Revenue $2,508 $2,525 Operating margin 4 24.3 % 24.5 % EPS $6.61 $6.72 Non-GAAP 5 Adjusted revenue $2,474 $2,491 Adjusted operating margin 23.7 % 23.9 % Click to enlarge More on Jack He...
Jack Henry & Associates press release ( JKHY ): FQ2 GAAP EPS of $1.72 beats by $0.29 . Revenue of $619.33M (+7.9% Y/Y) beats by $8.93M . Full year fiscal 2026 guidance (Dollars in millions): 3 Current GAAP Low High Revenue $2,508 $2,525 Operating margin 4 24.3 % 24.5 % EPS $6.61 $6.72 Non-GAAP 5 Adjusted revenue $2,474 $2,491 Adjusted operating margin 23.7 % 23.9 % Click to enlarge More on Jack Henry & Associates Jack Henry & Associates: Reliable Compounder, Solid Outlook Jack Henry & Associates, Inc. (JKHY) Presents at 53rd Annual Nasdaq Investor Conference Transcript Jack Henry & Associates, Inc. (JKHY) Presents at UBS Global Technology and AI Conference 2025 Transcript Jack Henry & Associates FQ2 2026 Earnings Preview Jack Henry & Associates declares $0.58 dividend
Prudential Financial press release ( PRU ): Q4 Non-GAAP EPS of $3.30 misses by $0.06 . Shares -3.86% . Fourth quarter 2025 net income attributable to Prudential Financial, Inc. of $905 million or $2.55 per Common share versus net loss of $57 million or $0.17 per share for the year-ago quarter. The current quarter included a net after-tax organizational charge of $107 million or $0.30 per Common sh...
Prudential Financial press release ( PRU ): Q4 Non-GAAP EPS of $3.30 misses by $0.06 . Shares -3.86% . Fourth quarter 2025 net income attributable to Prudential Financial, Inc. of $905 million or $2.55 per Common share versus net loss of $57 million or $0.17 per share for the year-ago quarter. The current quarter included a net after-tax organizational charge of $107 million or $0.30 per Common share. Book value per Common share of $92.05 versus $77.62 per share for the year-ago quarter; adjusted book value per Common share of $100.17 versus $95.82 per share for the year-ago quarter. Parent company highly liquid assets (1) of $3.8 billion versus $4.6 billion for the year-ago quarter. In May 2025, there was a $1.0 billion hybrid securities redemption. Assets under management (2) of $1.609 trillion versus $1.512 trillion for the year-ago quarter. Capital returned to shareholders of $730 million in the fourth quarter, including $250 million of share repurchases and $480 million of dividends, versus $720 million in the year-ago quarter. Dividends paid in the fourth quarter were $1.35 per Common share, representing a yield on adjusted book value of over 5%. As previously announced, the Company's Board of Directors has authorized the repurchase of up to $1.0 billion of outstanding Common Stock during the period from January 1, 2026 through December 31, 2026. In addition, the Company declared a quarterly dividend of $1.40 per Common share, payable on March 12, 2026, to shareholders of record as of February 17, 2026. This represents an increase of 4% over the prior year dividend level and the 18 th consecutive year the dividend has increased. Today, Prudential of Japan announced a voluntary, 90-day suspension of new sales at Prudential of Japan to address previously disclosed employee misconduct issues.
Key Points While the broader crypto market is in the red, Internet Computer is up 2% to start 2026. However, the price of Internet Computer has collapsed by more than 99.5% from its all-time high in 2021. A pivot into AI may be the only catalyst capable of reviving Internet Computer's future prospects. 10 stocks we like better than Internet Computer › In 2026, it's getting harder and harder to fin...
Key Points While the broader crypto market is in the red, Internet Computer is up 2% to start 2026. However, the price of Internet Computer has collapsed by more than 99.5% from its all-time high in 2021. A pivot into AI may be the only catalyst capable of reviving Internet Computer's future prospects. 10 stocks we like better than Internet Computer › In 2026, it's getting harder and harder to find winners in the crypto market. Bitcoin (CRYPTO: BTC) is still down 5% for the year, and that's dragging down every other major cryptocurrency. But there's one name that stands out, if for no other reason than it's still in the green in 2026: Internet Computer (CRYPTO: ICP). It's up a modest 2% for the year. So, is it worth a closer look by crypto investors? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Internet Computer's five-year chart Long-time crypto investors probably recognize the name Internet Computer. It briefly soared to fame during the crypto bull market rally of 2020-2021. After hitting an all-time high of $750 in May 2021, though, the company rapidly collapsed in value. By the end of the year, it was trading for less than $30. For the past few years, Internet Computer has been flatlining. Today, it trades for just under $3, capping off a stunning 99.5% decline in price. You can see for yourself. Just check out this five-year chart for Internet Computer. Its price fell off a cliff in 2021 and, after hitting rock bottom, has absolutely flatlined. Zero signs of life. So, there's definitely reason to be skeptical. A modest 2% return in the first 30 days of 2026 is nothing to get excited about, especially when it has already lost 99.5% of its value. If anything, it's likely to be nothing more than a dead cat bounce. That helps to explain why nobody's talking about the company. Is AI a possible catalyst? However, Internet Computer may have foun...
Seeking Alpha More on Lumen Lumen: Major Questions For 2026 Lumen Technologies: After A Great 2025, Here's What I'm Expecting In 2026 Lumen Technologies No Longer Deserves To Trade At Legacy Telco Multiples Lumen Technologies Q4 earnings on deck: What to expect Lumen Technologies subsidiary Level 3 Financing prices $650M add-on senior notes
Seeking Alpha More on Lumen Lumen: Major Questions For 2026 Lumen Technologies: After A Great 2025, Here's What I'm Expecting In 2026 Lumen Technologies No Longer Deserves To Trade At Legacy Telco Multiples Lumen Technologies Q4 earnings on deck: What to expect Lumen Technologies subsidiary Level 3 Financing prices $650M add-on senior notes
beast01 Wall Street suffered another day of losses due to investors extending the technology sector sell-off despite some of the biggest names reporting positive earnings in the fourth quarter. “Each day brings new volatility as markets are in yo-yo mode,” said Seeking Alpha analyst Andrew Hecht . “Trading, rather than investing, is the optimal approach in these conditions, but only approach volat...
beast01 Wall Street suffered another day of losses due to investors extending the technology sector sell-off despite some of the biggest names reporting positive earnings in the fourth quarter. “Each day brings new volatility as markets are in yo-yo mode,” said Seeking Alpha analyst Andrew Hecht . “Trading, rather than investing, is the optimal approach in these conditions, but only approach volatile markets with a clear risk-reward strategy that protects capital,” he said. “This is not the environment for passive investors, but for flexible traders who follow markets in real time; the current price action creates a paradise of opportunities,” Hecht added. The Nasdaq Composite ( COMP:IND ) dipped as much as -2.2% during market hours, reaching negative territory on the year so far, but ending slightly higher at -0.8%, while the S&P 500 ( SP500 ) ended at -1.4%. “Markets remain risk-on but weakening, with bullish phases intact across indexes and supportive seasonality into mid-February, even as momentum fades, leadership narrows, and value continues to outperform lagging growth,” said Keith Schneider, co-founder and CEO of MarketGauge , in a recent analysis . “Risk is rising, with deteriorating market internals, mixed breadth and volume, warning phases in tech and growth, a volatility uptick, and renewed pressure from macro crosscurrents like the dollar, commodities, and crypto,” Schneider added. When looking at the volatility index ( VIX ), stocks have been battling between highs and lows, while volatility has seen nervous ticks. VIX vs. the markets (Seeking Alpha) “As we move past earnings season, the spread between VIXEQ (which measures the market-cap-weighted implied volatility of individual stocks within the S&P 500) and VIX ( VIX ) should begin to narrow, indicating that dispersion in the index is unwinding,” said Investing Group Leader Mott Capital Management in another analysis . “As dispersion declines, correlation rises, and the spread between the dispersion...
Aziz Shamuratov /iStock Editorial via Getty Images Emerson Electric ( EMR ) shares were little changed in extended trading Tuesday after the industrial automation company reported fiscal first-quarter results that topped earnings expectations and matched Wall Street revenue forecasts. Emerson ( EMR ) reported adjusted earnings of $1.46 a share for the quarter ended December 31, beating the Wall St...
Aziz Shamuratov /iStock Editorial via Getty Images Emerson Electric ( EMR ) shares were little changed in extended trading Tuesday after the industrial automation company reported fiscal first-quarter results that topped earnings expectations and matched Wall Street revenue forecasts. Emerson ( EMR ) reported adjusted earnings of $1.46 a share for the quarter ended December 31, beating the Wall Street consensus estimate of $1.41 a share. Revenue totaled $4.35 billion, in line with analyst expectations and up from $4.18 billion a year earlier. Net income rose to $605 million, or $1.07 a share, from $585 million, or $1.02 a share, a year earlier. Emerson ( EMR ) said underlying orders increased 9% year over year, marking a fourth straight quarter of growth. Net sales rose 4% from the prior year period, while underlying sales increased 2%. “Emerson met sales commitments and exceeded expectations for profitability as our global teams continue to execute well,” President and Chief Executive Lal Karsanbhai said in the earnings release. Operating cash flow declined 10% from a year earlier to $699 million, while free cash flow fell 13% to $602 million, reflecting working capital timing and higher interest expense. Emerson ( EMR ) also updated its outlook for fiscal 2026 and said it plans to return about $2.2 billion to shareholders through roughly $1 billion in share repurchases and about $1.2 billion in dividends. The company declared a quarterly cash dividend of $0.555 a share, payable March 10 to shareholders of record on February 13. For fiscal 2026, Emerson ( EMR ) forecast adjusted earnings of $6.40 to $6.55 a share on net sales growth of about 5.5%, citing continued demand for its automation technology across North America, India and the Middle East and Africa. More on Emerson Electric Emerson Electric: Encouraging Turnaround Meets Valuation Hurdles Emerson Electric's Comeback: A 'Boring' Business Setting Up For Solid Long-Term Returns Emerson Electric Co. (EMR) 2025...
(RTTNews) - Chipotle Mexican Grill Inc. (CMG-B) revealed earnings for fourth quarter of $330.932 million The company's bottom line totaled $330.932 million, or $0.25 per share. This compares with $331.764 million, or $0.24 per share, last year. Excluding items, Chipotle Mexican Grill Inc. reported adjusted earnings of $331.339 million or $0.25 per share for the period. The company's revenue for th...
(RTTNews) - Chipotle Mexican Grill Inc. (CMG-B) revealed earnings for fourth quarter of $330.932 million The company's bottom line totaled $330.932 million, or $0.25 per share. This compares with $331.764 million, or $0.24 per share, last year. Excluding items, Chipotle Mexican Grill Inc. reported adjusted earnings of $331.339 million or $0.25 per share for the period. The company's revenue for the period rose 4.9% to $2.983 billion from $2.845 billion last year. Chipotle Mexican Grill Inc. earnings at a glance (GAAP) : -Earnings: $330.932 Mln. vs. $331.764 Mln. last year. -EPS: $0.25 vs. $0.24 last year. -Revenue: $2.983 Bln vs. $2.845 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Advanced Micro Devices Inc. (AMD) released earnings for its fourth quarter that Increases, from last year The company's earnings came in at $1.511 billion, or $0.92 per share. This compares with $482 million, or $0.29 per share, last year. Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $2.519 billion or $1.53 per share for the period. The company's revenue f...
(RTTNews) - Advanced Micro Devices Inc. (AMD) released earnings for its fourth quarter that Increases, from last year The company's earnings came in at $1.511 billion, or $0.92 per share. This compares with $482 million, or $0.29 per share, last year. Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $2.519 billion or $1.53 per share for the period. The company's revenue for the period rose 34.1% to $10.270 billion from $7.658 billion last year. Advanced Micro Devices Inc. earnings at a glance (GAAP) : -Earnings: $1.511 Bln. vs. $482 Mln. last year. -EPS: $0.92 vs. $0.29 last year. -Revenue: $10.270 Bln vs. $7.658 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
igorbondarenko/iStock via Getty Images Xcel Energy ( XEL ) said Tuesday it submitted along with partners Great River Energy and ITC Midwest an application for a certificate of need for PowerOn Midwest, a series of new electric transmission projects anchored by a 765 kV backbone transmission line, to the Minnesota Public Utilities Commission. In Minnesota , the 765 kV line would connect the Lakefie...
igorbondarenko/iStock via Getty Images Xcel Energy ( XEL ) said Tuesday it submitted along with partners Great River Energy and ITC Midwest an application for a certificate of need for PowerOn Midwest, a series of new electric transmission projects anchored by a 765 kV backbone transmission line, to the Minnesota Public Utilities Commission. In Minnesota , the 765 kV line would connect the Lakefield , Pleasant Valley and North Rochester substa tions in Jackson , Mower and Olmstead counties; the line would connect to the existing transmission grid in eastern South Dakota , travel across southern Minnesota and connect to the broader regional grid. Earlier Tuesday , Xcel Energy ( XEL ) and GE Vernova ( GEV ) unveiled a strategic alliance agreement that aims to utilize multiple gigawatts of GE Vernova wind turbines in future projects. As a first step in the agreement, Xcel Energy ( XEL ) said it agreed to purchase five, F-class gas turbines from GE Vernova ( GEV ) and will integrate the company's technology into its renewable energy pipeline, completing a capacity reservation agreement for multiple gigawatts of wind projects utilizing the company's wind turbines. More on Xcel Energy Xcel Energy: Don't Miss Out On This Upcoming Dividend Aristocrat Xcel Energy: I Love Utilities In My Portfolio Xcel Energy: In Full Investing Mode
Skyline Champion press release ( SKY ): Q3 GAAP EPS of $0.97 beats by $0.05 . Revenue of $656.6M (+1.8% Y/Y) beats by $7.2M . U.S. homes sold decreased 2.6% to 6,270 Backlog decreased 15.1% to $266.0 million from the sequential second quarter of fiscal 2026 Average selling price (“ASP”) per U.S. home sold increased 4.6% to $99,300 Gross profit margin decreased by 190 basis points to 26.2% Net inco...
Skyline Champion press release ( SKY ): Q3 GAAP EPS of $0.97 beats by $0.05 . Revenue of $656.6M (+1.8% Y/Y) beats by $7.2M . U.S. homes sold decreased 2.6% to 6,270 Backlog decreased 15.1% to $266.0 million from the sequential second quarter of fiscal 2026 Average selling price (“ASP”) per U.S. home sold increased 4.6% to $99,300 Gross profit margin decreased by 190 basis points to 26.2% Net income decreased by 11.7% to $54.3 million More on Skyline Champion Champion Homes: Valuation And Other Warning Signs Necessitate Caution Skyline Champion Q3 2026 Earnings Preview Champion Homes appoints Dave McKinstray CFO Seeking Alpha’s Quant Rating on Skyline Champion Historical earnings data for Skyline Champion
JHVEPhoto AMD ( AMD ) shares fell around 4% in extended trading on Tuesday even as the Dr. Lisa Su-led company reported fourth-quarter results and guidance that were well above Wall Street's forecast. For the period ending Dec. 27, AMD said it earned an adjusted $1.53 per share as revenue rose xx% year-over-year to $10.27B. Data Center revenue rose 39% year-over-year to $5.4B, aided by its MI300 A...
JHVEPhoto AMD ( AMD ) shares fell around 4% in extended trading on Tuesday even as the Dr. Lisa Su-led company reported fourth-quarter results and guidance that were well above Wall Street's forecast. For the period ending Dec. 27, AMD said it earned an adjusted $1.53 per share as revenue rose xx% year-over-year to $10.27B. Data Center revenue rose 39% year-over-year to $5.4B, aided by its MI300 AI accelerator and its Instinct and EPYC processors. Analysts were anticipating $4.97B in Data Center revenue. Revenue from the Client and Gaming segment, which houses AMD's PC business, rose to $3.9B, up 39% year-over-year. Client revenue was $3.1B, up 34% year-over-year, while gaming revenue surged 50% to $843M, largely due to strong demand for Radeon gaming GPUs. Sales from the Embedded segment rose 3% year-over-year to $950M. Analysts had expected the company to earn $1.32 on revenues of $9.65B for the entire quarter. Intel ( INTC ) and Nvidia ( NVDA ) ticked down slightly in sympathy with AMD's results and guidance. “2025 was a defining year for AMD, with record revenue and earnings driven by strong execution and broad-based demand for our high-performance and AI platforms,” said Su in a statement. “We are entering 2026 with strong momentum across our business, led by accelerating adoption of our high-performance EPYC and Ryzen CPUs and the rapid scaling of our data center AI franchise.” Alex King of Cestrian Capital Research , Investing Group Leader for Growth Investor Pro, said the results were “rock solid.” “The stock is down a touch in post-market trading, though, I would speculate, because revenue growth decelerated and the guide is for further deceleration and because the semiconductor sector is very extended and is probably ripe for an outrotation of capital into something else.” Looking ahead, AMD said it expects first-quarter sales to be between $9.5B and $10.1B, with the mid-point of $9.8B above the $9.39B consensus. The revenue includes roughly $100M of Insti...
Rallybio Corporation ( RLYB ) said on Tuesday it will implement a one-for-eight reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on February 6, 2026. The company said the move is intended to increase its share price to meet the Nasdaq Capital Market’s minimum listing requirement and provide flexibility for future business needs. Rallybio said its shares will begin trad...
Rallybio Corporation ( RLYB ) said on Tuesday it will implement a one-for-eight reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on February 6, 2026. The company said the move is intended to increase its share price to meet the Nasdaq Capital Market’s minimum listing requirement and provide flexibility for future business needs. Rallybio said its shares will begin trading on a split-adjusted basis on February 6 under the same ticker symbol, RLYB. RLYB closed -4.57% at $0.626. Source: Press Release More on Rallybio Seeking Alpha’s Quant Rating on Rallybio Historical earnings data for Rallybio Financial information for Rallybio
The Super Bowl is not only one of the biggest sporting events in the world, it’s also one of the best times of year to find a deal on a big TV. For major events in particular, a large TV makes sense because it provides a more immersive experience and allows for groups of friends to gather and enjoy the game together. And as interest in big TVs grows, the prices continue to come down, making them m...
The Super Bowl is not only one of the biggest sporting events in the world, it’s also one of the best times of year to find a deal on a big TV. For major events in particular, a large TV makes sense because it provides a more immersive experience and allows for groups of friends to gather and enjoy the game together. And as interest in big TVs grows, the prices continue to come down, making them more accessible than ever — especially during sales you’ll find this week. Which TV is best for you and your space will depend on a few factors: how much light is in your room, how big of a TV can you accommodate, what your viewing habits are (beyond the Super Bowl), and of course what your budget is. But luckily there are plenty of good TVs in different sizes and price ranges to choose from. Samsung S95F Where to Buy: $2197.99 $1897.99 at Amazon (55-inch) $2997.99 $2297.99 at Amazon (65-inch) $3299.99 $2299.99 at Best Buy (65-inch) There are a few reasons why the S95F is one of the best TVs you can get for game day. It’s more than bright enough to stand up to ambient light that might be streaming in through windows or from lamps and ceiling lights, plus it has a glare-free matte finish that significantly mitigates reflections. So, you’ll be able to keep the lights on to see your food and drink and reflections won’t get in the way of seeing any on-screen action. The S95F is a QD-OLED that has excellent color accuracy and vibrancy that will make the field and the players look realistic, and the OLED technology allows for wide viewing angles, keeping the image consistent for you and your friends no matter who is relegated to the edge seats. Since it is a flagship TV, the Samsung S95F isn’t the cheapest on this list — the 65-inch model is on sale for $2,297.99 at Amazon — but it’s one of the best TVs on the market. Although, Samsung’s built-in OS Tizen is not the most intuitive, with some useful features buried in the menus. Still, if you have a room that gets a bunch of sun du...
Lam Research ( LRCX ) announced that Sesha Varadarajan will become chief operating officer, effective March 6, 2026. Varadarajan will continue overseeing Lam’s global product portfolio and focus on faster innovation, market expansion, and services growth. Varadarajan succeeds Pat Lord. More on Lam Research Lam Research Corporation 2026 Q2 - Results - Earnings Call Presentation Lam Research Corpora...
Lam Research ( LRCX ) announced that Sesha Varadarajan will become chief operating officer, effective March 6, 2026. Varadarajan will continue overseeing Lam’s global product portfolio and focus on faster innovation, market expansion, and services growth. Varadarajan succeeds Pat Lord. More on Lam Research Lam Research Corporation 2026 Q2 - Results - Earnings Call Presentation Lam Research Corporation (LRCX) Q2 2026 Earnings Call Transcript Lam Research: Winning As Chips Go Vertical Lam Research rises after strong Q2 and outlook draw analysts' praise Lam Research outlines $135B WFE forecast for 2026 as AI-driven demand accelerates
Some call it the “SaaSpocalypse.” Others are saying it’s a software “loan-ageddon.” Whatever the name, shares of Wall Street’s largest alternative-investment firms plunged on Tuesday, driven by fears that artificial intelligence-driven disruptions would cause steep losses on their books. Blue Owl Capital Inc. , which initially focused on financing software businesses, led the decline, tumbling as ...
Some call it the “SaaSpocalypse.” Others are saying it’s a software “loan-ageddon.” Whatever the name, shares of Wall Street’s largest alternative-investment firms plunged on Tuesday, driven by fears that artificial intelligence-driven disruptions would cause steep losses on their books. Blue Owl Capital Inc. , which initially focused on financing software businesses, led the decline, tumbling as much as 13% before closing at the lowest level since September 2023. Ares Management Corp. , KKR & Co. and TPG Inc. each fell by more than 10% at one point, while Apollo Global Management Inc. and Blackstone Inc. dropped by as much as 8%. The decline in alternative investment firms’ shares caps a bruising start to the year. Last month marked their worst January in a decade , and the largest of them are down roughly 15% since the start of the year. The latest leg lower reflects mounting concerns about the fallout that AI will cause among software companies — many of whom received funding from alternative asset managers at lofty valuations. UBS Group AG analysts this week estimated that private credit could see default rates surge to as high as 13% if the disruption is “aggressive.” “Fears over software have been going back and forth for awhile, even before the AI storm,” said Wells Fargo & Co. analyst Finian O’Shea . “Last week, it spilled into the leveraged-loan market and this week, it feels like alternatives and BDCs are catching up.” Those fears are now playing out. On Tuesday, Anthropic released a new tool to automate legal work, which sent investors fleeing from software exposure. An index that tracks software shares posted its largest decline, around 15%, since October 2008. Loans in the broadly syndicated market have tumbled, too. Read More: ‘Get Me Out’: Traders Dump Software Stocks as AI Fears Erupt Shares of business development companies, which pool private credit loans, have also hit multi-year lows this week as investors ingest the level of software exposure in...
Anne Czichos Chipotle Mexican Grill ( CMG ) fell sharply in after-hours trading on Tuesday after returning to negative comparable sales growth. A 4.6% increase in total revenue to $2.98B was driven by new restaurant openings and gift card breakage revenue of $27.0M. Comparable sales fell 2.5% during the quarter that ended on December 31 due to lower transactions of 3.2%, partially offset by a 0.7%...
Anne Czichos Chipotle Mexican Grill ( CMG ) fell sharply in after-hours trading on Tuesday after returning to negative comparable sales growth. A 4.6% increase in total revenue to $2.98B was driven by new restaurant openings and gift card breakage revenue of $27.0M. Comparable sales fell 2.5% during the quarter that ended on December 31 due to lower transactions of 3.2%, partially offset by a 0.7% increase in average check. The comparable sales growth mark was better than the consensus estimate of -2.9% but was worse than the +0.3% comp in Q3. Digital sales represented 37.2% of total food and beverage revenue during the quarter. Restaurant-level margin was down 150 basis points year-over-year to 27.4% of sales during the quarter to edge past the consensus estimate of 23.0%. Food, beverage, and packaging costs were 30.2% of sales vs. 30.4% a year ago. The decrease was primarily due to the benefit of menu price increases, lower dairy costs, and cost of sales efficiencies. Those decreases were partially offset by inflation, primarily in beef and chicken, and the impact from tariffs enacted in 2025. Labor costs as a percentage of sales moved 30 basis points higher to 25.5%. Chipotle ( CMG ) opened 132 new company-owned restaurants during the quarter, of which 97 included a Chipotlane. It was noted that Chipotlanes continue to perform well and are helping enhance guest access and convenience, as well as increase new restaurant sales, margins, and returns. Chipotle ( CMG ) sees full-year restaurant growth of 350 to 370 units, with over 80% having a Chipotlane. " Through our proven business model, prudent investments in operational excellence, and the support of a strong balance sheet, 2025 was a year of progress and resilience for Chipotle. Against a dynamic consumer backdrop, we opened a record number of restaurants globally and grew Q4 and full-year revenue, " stated CEO Scott Boatwright on the quarter. Looking ahead, Chipotle ( CMG ) sees flat comparable restaurant sal...