Michael Vi/iStock Editorial via Getty Images Shares of Palantir Technologies ( PLTR ) surged about 11% premarket on Tuesday after fourth quarter results and outlook exceeded expectations, drawing positive reactions from analysts. "Palantir Technologies Inc. ( PLTR ) reported strong earnings results on Monday evening, easily beating estimates and showing accelerating business growth. The market reacted very positively to that, sending PLTR's shares higher. While shares have pulled back from the highs seen last summer, Palantir Technologies still is a pretty expensive stock -- which is why it's not a must-own, despite its strong growth," said Seeking Alpha analyst Jonathan Weber. Weber noted that looking at Palantir's fourth quarter report, there are many things to like, with almost every metric moving in the right direction, but added that Palantir's "valuation remains pretty high." The analyst noted that the company trades at roughly 50 times its sales and 90 times its operating profit today. "Depending on your risk tolerance and goals, I thus think that Palantir can either be considered a Hold or a Buy today -- it definitely looks better than last summer," Weber added. "To me, the most striking element of Palantir’s Q4 update was its initial guidance calling for >60% revenue growth in FY26 (while the Street had expected deceleration to ~40%). The company is also forecasting at least 115% growth in the U.S. commercial business. This should help to appease investors who are laser focused and worried on Palantir’s valuation multiples," said Seeking Alpha analyst Gary Alexander . The analyst noted that Palantir is expensive, "but it’s also in the very early stages of commercial monetization with <600 U.S. enterprise customers - indicating a long runway ahead. It’s also difficult to argue with Palantir’s efficiency, at a “Rule of 40” score of 127 in Q4 and forecasting >55% FCF margins for FY26." Seeking Alpha analyst Ahan Vashi from The Quantamental Investor said Palant...

Michael Vi/iStock Editorial via Getty Images Shares of Palantir Technologies ( PLTR ) surged about 11% premarket on Tuesday after fourth quarter results and outlook exceeded expectations, drawing positive reactions from analysts. "Palantir Technologies Inc. ( PLTR ) reported strong earnings results on Monday evening, easily beating estimates and showing accelerating business growth. The market reacted very positively to that, sending PLTR's shares higher. While shares have pulled back from the highs seen last summer, Palantir Technologies still is a pretty expensive stock -- which is why it's not a must-own, despite its strong growth," said Seeking Alpha analyst Jonathan Weber. Weber noted that looking at Palantir's fourth quarter report, there are many things to like, with almost every metric moving in the right direction, but added that Palantir's "valuation remains pretty high." The analyst noted that the company trades at roughly 50 times its sales and 90 times its operating profit today. "Depending on your risk tolerance and goals, I thus think that Palantir can either be considered a Hold or a Buy today -- it definitely looks better than last summer," Weber added. "To me, the most striking element of Palantir’s Q4 update was its initial guidance calling for >60% revenue growth in FY26 (while the Street had expected deceleration to ~40%). The company is also forecasting at least 115% growth in the U.S. commercial business. This should help to appease investors who are laser focused and worried on Palantir’s valuation multiples," said Seeking Alpha analyst Gary Alexander . The analyst noted that Palantir is expensive, "but it’s also in the very early stages of commercial monetization with <600 U.S. enterprise customers - indicating a long runway ahead. It’s also difficult to argue with Palantir’s efficiency, at a “Rule of 40” score of 127 in Q4 and forecasting >55% FCF margins for FY26." Seeking Alpha analyst Ahan Vashi from The Quantamental Investor said Palant...

RomoloTavani/iStock via Getty Images What I learned about the second leg up About a week ago, I wrote an article to caution potential investors to temper their FOMO (fear of missing out) on gold and silver at those price levels. At that time, both metals were trading near their ATH (all-time highs). My caution is rooted in the similarities I saw between today's market and the 1980 Hunt Brothers episode (aka Silver Thursday). For readers new to this part of the history, the following recap should bring you up to speed with the rest of this article: In January 1980, silver price peaked around $48 per ounce, representing a ~700% increase in a year (see the next chart below). The surge was largely driven by concentrated long positions, funded by substantial leverage by Nelson Bunker Hunt and William Herbert Hunt, collectively known as the Hunt brothers. The rally did not last, and the silver price fell (and gold prices too) sharply afterwards, causing heavy losses to the Hunt brothers and forcing them to declare bankruptcy later. In the next few days since that article, the market has experienced some of the most extreme volatilities these precious metals have seen. During intraday trading last Friday, Jan 30, 2026, SLV prices plummeted ~33% off their recent high, and GLD dropped more than 12%. The decline continued over the weekend in the futures market and also in Monday's trading as I am typing these lines. I certainly do not want to pretend I saw the above coming when I wrote that article. I actively run away from people who claim they can time the market. Fortunately, decades of experience have taught me that investors do not need timing to be successful. An assessment that is only directionally correct would be sufficient. Under this notion, the purpose of this article is twofold. Firstly, I want to explain why my last thesis has largely run its course already with the corrections thus far. Secondly and subsequently, I want to stick my neck out again and make anot...

格隆汇2月3日｜新加坡燃气公司首席执行官：我们最终将拥有800万至1000万吨的液化天然气投资组合。

Hamilton Lane ( HLNE ) declares $0.54/share quarterly dividend , in line with previous. Forward yield 1.53% Payable April 6; for shareholders of record March 20; ex-div March 20. See HLNE Dividend Scorecard, Yield Chart, & Dividend Growth. More on Hamilton Lane Hamilton Lane: Back To An Attractive 'Buy' Price Hamilton Lane raises $1.9B for new infrastructure fund, exceeding target Seeking Alpha’s Quant Rating on Hamilton Lane Historical earnings data for Hamilton Lane Dividend scorecard for Hamilton Lane

Mueller press release ( MLI ): Q4 GAAP EPS of $1.38. Revenue of $962.4M (+4.2% Y/Y). Net sales increased by $38.9 million. The increase was attributable to higher net selling prices due to rising raw material costs, but offset by lower unit volumes, primarily in our core copper and brass products. More on Mueller Mueller Industries: Fair Value Reached As Growth Normalizes (Rating Downgrade) Seeking Alpha’s Quant Rating on Mueller Historical earnings data for Mueller Dividend scorecard for Mueller Financial information for Mueller

格隆汇2月3日｜美国联邦住房金融局局长普尔特：认为沃什(美联储主席)提名会获得确认。如果特朗普有此意愿，我们已准备好推进房利美和房地美的IPO。房利美和房地美IPO有很大概率会发生，但也有可能不会发生。

Dan Ives and his colleagues at Wedbush think such a deal is a possibility, after the world's richest man combined his rocket-and-satellite business with his artificial-intelligence startup. "Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla over the next 12 to 18 months in some form," they wrote in a note to clients Tuesday. Adding up the valuations of SpaceX, xAI and Tesla would create a roughly $2.8 trillion company.

More on Pfizer Pfizer: Buyer Beware, The Risk Outweighs The Reward Pfizer: A High-Yield Pharma At A Turning Point Pfizer: The Great Healthcare Plan Does Not Change My Bullish Stance Pfizer obesity therapy causes up to 12% weight loss in mid-stage study Pfizer Non-GAAP EPS of $0.66 beats by $0.09, revenue of $17.6B beats by $770M

Zedcor ( ZDC:CA ) expanded its credit facility with the National Bank of Canada by $25M to a total of $75M in committed borrowing availability, plus an uncommitted $25M accordion option. The move supports fleet expansion of Zedcor's MobileyeZ towers. It coincides with the operational launch of a new manufacturing and monitoring facility in Houston, Texas, boosting production to over 50 towers per week. More on Zedcor Inc. Zedcor: Institution Level Quality And Uplisting To The TSX To Be A Catalyst Zedcor Inc. (ZDC:CA) Q3 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on Zedcor Inc. Historical earnings data for Zedcor Inc. Financial information for Zedcor Inc.

Daniel Grizelj/DigitalVision via Getty Images Thesis Crypto officially became an asset class for us when it got structured within the exchange-traded fund wrapper. Since the introduction of Bitcoin via the iShares Bitcoin Trust ETF ( IBIT ), crypto has virtually exploded on traditional exchanges with leveraged and covered call funds. To fully understand the quick adoption, please remember that IBIT was the fastest-growing ETF ever in history after launch. In today's article we are going to discuss a 2x leveraged ETF based on bitcoin, namely the ProShares Ultra Bitcoin ETF ( BITU ), and highlight our macro view on the currency and why BITU should be avoided. What is BITU? BITU is an exchange-traded fund that targets 2x daily bitcoin returns. The name falls in the leveraged products category; thus, investors need to remember the FINRA suitability guidance on the product: * Most leveraged ETFs are designed to achieve their stated objective on a daily basis only. * Holding these funds for longer than one day, particularly in volatile markets, can result in performance that differs significantly from the underlying index. * They are not intended to be held for intermediate or long periods and can experience "volatility drag" where the underlying index remains flat, but the leveraged ETF loses value. The ETF uses swaps and futures to achieve its goal: Fund Holdings (Fund Website) Swaps are OTC contracts that can be structured to provide any agreed-upon returns in exchange for a recurring fee. Doing it via swaps removes any potential basis between the structure and a 2x daily return. When performance warnings from FINRA are spot-on Remember the warnings from FINRA we posted above in the article? Guess what - they were spot on: Data by YCharts Looking back on a 1-year period, we can see BITU severely underperforming the expected 2x bitcoin return. While IBIT is down -17% (we are using IBIT as a bitcoin proxy), one would expect a BITU performance somewhere around -34%. What ...

格隆汇2月3日｜阿曼国家通讯社：阿曼投资管理局在制造业领域启动四项总投资达9.35亿阿曼里亚尔的项目。

QatarEnergy signs 27-year LNG supply agreement with Japan's Jera Reuters

BalkansCat/iStock Editorial via Getty Images Capri Holdings Limited ( CPRI ) rallied in early trading on Tuesday after topping FQ3 earnings expectations and setting favorable guidance. Total revenue fell 4.0% during the quarter that ended on December 27 to $1.025B. On a constant currency basis, total revenue decreased 5.9%. By segment, Michael Kors revenue fell 5.6% on a reported basis and was down 7.3% on a constant currency basis, while Jimmy Choo revenue increased 5.0% on a reported basis and 1.9% on a constant currency basis. Adjusted income from operations was $79M, and adjusted operating margin was 7.7%, compared to $97M and 9.1% in the prior year. Non-GAAP EPS of $0.81 beat the consensus mark of $0.78. In terms of the balance sheet, Capri Holdings ( CPRI ) highlighted that proceeds from the Versace sale were used to significantly reduce debt levels. The company ended the quarter with $80M of net debt. Net inventory at the end of the quarter was $663 million, down 6.5% compared to the prior year. CEO update: "We were pleased with our third-quarter performance, which exceeded our expectations. Across both Michael Kors and Jimmy Choo, we continue to advance our strategic initiatives to position our iconic brands for long-term success. Looking ahead, we remain confident that these strategies will support a return to growth in fiscal 2027 as well as establish the groundwork for sustainable performance well into the future." Looking ahead, Capri Holdings ( CPRI ) expects FY26 total revenue of approximately $3.45B to $3.475B (midpoint $3.4625B) vs. $3.46B consensus and operating income of approximately $100 million. Adjusted earnings per share is seen landing in a range of $1.30 to $1.40 ($1.35 midpoint) vs. $1.38 consensus. Shares of Capri Holdings ( CPRI ) were up 3.6% in the premarket session to $23.96 vs. the 52-week range of $11.86 to $28.27. Short interest on CPRI stands at 7.2% of the total float. More on Capri Capri Holdings Limited (CPRI) Presents at Morgan...

Our cartoonist on the Swindon Town manager’s fiery response after his captain was suspended at short notice Buy a cartoon | David’s favourite work of 2025 And his latest book, Chaos in the Box: get it now Continue reading...

J&J Snack Foods press release ( JJSF ): Q1 Non-GAAP EPS of $0.33 misses by $0.03 . Revenue of $343.77M (-5.2% Y/Y) misses by $20.25M . Shares +2% PM. More on J&J Snack Foods J&J Snack Foods: Fairly Valued, Though It's Getting Harder To Say No To This Treat J&J Snack Foods Corp. (JJSF) Q4 2025 Earnings Call Transcript J&J Snack Foods declares $0.80 dividend J&J Snack Foods outlines $20M cost savings through Project Apollo as company accelerates share repurchases Seeking Alpha’s Quant Rating on J&J Snack Foods

"I still face challenges with my pain, cancer changes a person, you may think this is not the life I imagined growing up but it is a life and we've got to be so thankful.

Galaxy Digital press release ( GLXY ): Q4 Non-GAAP EPS of -$1.08 misses by $0.16 . Revenue of $10.37B (-34.4% Y/Y) misses by $1.77B . More on Galaxy Digital Galaxy Digital's Rally Reflects Crypto Activity, Not A Stabilized Earnings Base Galaxy Digital: Helios De-Risks The Story, But 2026 Crypto Risks Remain Galaxy Digital: Transforming Digital Asset Volatility Into Recurring Infrastructure Revenue Coinbase, MSTR, Circle, others retreat after bitcoin's weekend slide Top performing financial stocks in the past month

Billionaire Mukesh Ambani ’s conglomerate and US asset manager Blackrock Inc. have rolled out an investment advice platform to push deeper into India’s fast-growing wealth management industry. Building on their existing partnership in mutual funds, the two companies on Tuesday launched JioBlackRock Investment Advisory at an event in Mumbai. The low-cost, app-based service is aimed at cultivating India’s vast pool of retail investors as potential clients. India has 139 million individual investors at present, a ten-fold jump since 2019, according to the Securities and Exchange Board of India. “There is a traditional form of investment advisory which is a high touch model with a relationship manager that manages what the investor wants. But that is not a scalable model,” Marc Pilgrem, chief executive officer at JioBlackrock Investment Advisors Pvt, said at the event. JioBlackRock Asset Management Company Pvt., has amassed 151 billion rupees ($1.7 billion) in mutual funds assets as of December, according to public disclosures. The new platform will offer advice to mutual funds investors to begin with, while more asset classes and products will be added in the future, said Pilgrem. Powered by BlackRock’s proprietary Aladdin platform, the advisory service will be available on the JioFinance and MyJio mobile apps. The digital-first investment advice app will provide “access to financial products and investment advice to people who have not had access before”, said Pilgrem. Ambani, Asia’s richest man, has a penchant for entering competitive markets by launching products at scale and lower prices. Take telecommunications, he rolled out cellular services under Reliance Jio Infocomm in 2016 at prices well below the prevailing market rates. The telecom company had over 515 million customers as of December. In 2024, Ambani signed a $18.5 billion deal with Walt Disney Co. to create India’s largest broadcasting and digital entertainment platform. His retail business is also takin...

PayPal just saw a major slowdown on a metric that’s closely watched by investors. Soon HP veteran Enrique Lores will be tasked with trying to turn the company around.

格隆汇2月3日｜英国通信监管机构Ofcom：Ofcom今日公布了对X展开调查的下一步计划。我们的调查仍在进行中，我们继续与英国资讯委员办公室(ICO)密切合作。我们正以紧急事项推进对X的调查。

alexsl/iStock via Getty Images My previous cautious Credo Technology ( CRDO ) thesis aged well as the stock demonstrated share price weakness and is down by 23% since then. On the other hand, it was an upgrade to a "Hold" last time, so I might have been better off staying with the bearish article back in November 2025. Anyway, it is already February 2026 today, and I think that it might be a good opportunity to start buying CRDO again because a recent share price dip happened despite there being numerous positive earnings revisions over the last three months. Last week's reports from Meta ( META ) and Microsoft ( MSFT ) demonstrated that tech giants are ready to boost their investments in AI infrastructure further. We have earnings from Amazon ( AMZN ) and Google ( GOOGL ) this week, which are also highly likely to announce aggressive FY2026 CAPEX plans because they simply cannot afford to lose the AI race. The most important part is that due to the share price dip and upgraded EPS revisions, Credo's valuation now looks much better. Moreover, the stock is close to oversold levels, which is a great addition to the overall bullish setup. When I first covered CRDO , it was a bullish thesis, and I decided to buy the stock at that time when it traded approximately at $36. I then made a great mistake and sold the stock at ~$90 in July 2025 because I underestimated the accelerated pace of AI adoption. I don't want to make the same mistake again, so I restart buying CRDO and upgrade it to "Strong Buy". Recent Developments Credo Technology released its latest quarterly earnings [FQ2 2026] on December 1, delivering a solid dual beat against consensus estimates. It was a really impressive performance, as revenue was 14% higher than consensus, and the adjusted EPS outperformed by 35%. From the YoY growth perspective, earnings were even more impressive. Credo's FQ2 2026 revenue growth pace remained approximately at the same level as FQ1's, a staggering 272% spike. The company's ...

《科创板日报》2月3日讯（记者 黄心怡） 上海市第十六届人民代表大会第四次会议今日在上海世博中心开幕。上海市人大代表、安衡讯（上海）信息技术服务有限公司总经理吕奕昊对《科创板日报》记者表示，其提交了《关于优化中小学生春秋假期的建议》。 近年来，随着国家教育改革的深化，中小学假期制度的优化已成为提升素质教育质量、促进学生全面发展的重要议题。2025年9月，国家九部门联合印发《关于扩大服务消费的若干政策措施》，明确鼓励各地探索中小学春秋假制度。国内已有浙江、湖北等地区率先试点，并取得了积极成效。 多方调研信息显示，对上海中小学生的春秋假期实施优化存在诸多积极的方面，包括在一定程度上实现错峰出行，进一步促进消费等。 为此，吕奕昊建议，从中小学生暑假中抽取8-10天，非均匀分流至清明、劳动节、端午、国庆、中秋等黄金周假期。先在上海市中小学进行试点，覆盖公立与民办学校，高校自主决定。分阶段实施，用两到三年的时间，逐步从劳动节与国庆节，延展到端午节、清明节和中秋节等，直至实现扩展全覆盖。 吕奕昊认为，在总时长不变的前提下，中小学生多外出促进全面发展，家长可以请（年）假出行，更好的贯彻长期以来没有落实好的“带薪休假”等政策。上海充分发挥先行先试的优势，形成可复制可推广的模式，为全国中小学假期优化模式提供宝贵的经验。

One of the most precious marine reserves in the world, home to sharks, turtles and rare tropical fish, will be opened to some fishing for the first time in 16 years under the UK government’s deal to hand back the Chagos Islands to Mauritius. Allowing non-commercial fishing in the marine protected area (MPA) is seen as an essential part of the Chagossian people’s return to the islands, as the community previously relied on fishing as their main livelihood. But some conservationists have raised the alarm, as nature has thrived in the waters of the Indian Ocean since it was protected from fishing. The Chagos Islands MPA was designated in 2010, and it became one of the largest “no-take” zones in the world, meaning no fishing is allowed at all. At the time, the plans, backed by environment NGOs such as Greenpeace and the RSPB, were controversial, with local people accusing the UK and US governments – who set up a military base on Diego Garcia, one of the islands – of putting the fishing ban in place to make it difficult for the Chagossian people to return. The marine protected zone, covering 247,000 sq miles (640,000 sq km) , hosts some of the cleanest water, healthiest coral reefs and most biodiverse marine life in the world and is a crucial sanctuary for more than 76 species on the International Union for Conservation of Nature’s red list. As well as sea turtles, there are 800 species of fish in the archipelago, including rays, skates and more than 50 different types of shark. About 175,000 pairs of seabirds visit the islands to breed. Most of the currently protected zone will be open to some fishing, a Foreign Office spokesperson said. Plans discussed in the Mauritian media outline the allowance of what the government describes as “sustainable” fishing in almost 99% of the area, with the space around the Diego Garcia base prohibited from being visited by fishing boats. Richard Ally, from the campaign group Chagossian Voices, said it was important for an agreement to p...

In recent weeks, reports have emerged that NVIDIA’s previously announced plan to invest up to US$100 billion in OpenAI has stalled, with CEO Jensen Huang stressing that the headline figure was never a binding commitment even as he reiterates intentions for a large, though unspecified, investment. This pause in finalizing the OpenAI deal highlights how closely investors are watching NVIDIA’s capital allocation choices and customer relationships as proxies for future AI chip demand. We’ll now examine how this uncertainty around the OpenAI investment shapes NVIDIA’s broader AI infrastructure story and long-term investment narrative. Find companies with promising cash flow potential yet trading below their fair value. What Is NVIDIA's Investment Narrative? To own NVIDIA today, you have to believe its AI “factory” model will keep scaling across clouds, sovereign projects and industry verticals, not just a single flagship customer like OpenAI. The stalled “up to US$100 billion” OpenAI plan, and Jensen Huang’s clarification that this was never a binding commitment, matter less for near term earnings than for what they signal about capital discipline and customer concentration risk. At the same time, NVIDIA is doubling down on infrastructure-heavy partnerships such as the expanded CoreWeave stake and new DOE Argonne and healthcare collaborations, which still sit at the heart of the AI buildout story. The key short term catalysts remain data center demand, Rubin and H200 ramps, and China export developments, while the biggest risks cluster around valuation, hyperscalers’ in house chips and any cracks in marquee relationships like OpenAI. But there is one capital allocation risk here that investors should not ignore. NVIDIA's share price has been on the slide but might be up to 20% below fair value. Find out if it's a bargain. Exploring Other Perspectives NVDA 1-Year Stock Price Chart Community members on Simply Wall St place NVIDIA’s fair value between about US$141 and US$34...

Did NVIDIA's (NVDA) Paused OpenAI Megadeal Just Reframe Its AI Infrastructure Investment Narrative? Yahoo Finance

SoFi has significant excess capital and ambitious plans to expand its product portfolio. SoFi (SOFI 3.16%) has been growing impressively in recent years, and the results the company reported for the fourth quarter of 2025 showed no signs of slowing. However, the company made one big move during the fourth quarter that left investors scratching their heads. Despite having strong capital levels and no apparent need to raise additional money, SoFi decided to raise $1.5 billion by selling additional shares, thereby diluting existing shareholders. Investors had several theories on why the capital raise took place, but perhaps the most common was that SoFi was planning a major acquisition and was looking to raise funds for it. Well, SoFi's top leaders just addressed this in the fourth quarter earnings conference call. SoFi has excess capital First, just to clarify, I'm not saying that SoFi has too much capital. Having excess capital gives a bank an additional element of safety if things go poorly and financial flexibility to grow in whatever ways management determines will provide the best returns. Having said that, after the recent stock offering, SoFi has a capital ratio that is 1,000 basis points above the required level. As CFO Chris Lapointe said in the earnings call, the bank's capital is "meaningfully higher than the regulatory minimum plus our internal stress buffer... We're in that enviable position where we can grow and put more assets on the balance sheet." Is an acquisition in store for 2026? The short answer is that although an acquisition could certainly happen, it isn't the reason why SoFi raised more capital. As CEO Anthony Noto said in the earnings call, when it comes to spending money on an acquisition, the "bar is really high." Noto said that SoFi is certainly interested in opportunities to buy things when it would be more efficient than building a comparable product or feature from scratch. He specifically mentioned the company's technology platform, b...

UniFirst provides workplace uniforms and facility services via recurring contracts to a broad customer base in North America and beyond. On February 2, Tweedy, Browne disclosed a new position in UniFirst (UNF 3.25%), acquiring 102,059 shares during the fourth quarter in an estimated $19.69 million trade based on quarterly average pricing. What happened According to a SEC filing dated February 2, Tweedy, Browne reported a new position in UniFirst (UNF 3.25%), acquiring 102,059 shares during the fourth quarter. This increased the quarter-end position value by $19.69 million, a figure that reflects the new purchase of shares. What else to know The new UniFirst position accounts for 1.59% of Tweedy, Browne’s $1.24 billion in reportable U.S. equity assets after the fourth-quarter filing. Top holdings after the filing: NASDAQ: IONS: $195.00 million (15.8% of AUM) NYSE: CNH: $186.07 million (15.03% of AUM) NYSE: KOF: $112.59 million (9.10% of AUM) NYSE: BRK-A: $108.69 million (8.78% of AUM) NASDAQ: GOOGL: $62.46 million (5.05% of AUM) As of February 2, UniFirst shares were priced at $208.02, down 2.7% over the past year and underperforming the S&P 500 by 17.70 percentage points. Company overview Metric Value Revenue (TTM) $2.45 billion Net income (TTM) $139.53 million Dividend yield 0.68% Price (as of February 2) $208.02 Company snapshot UniFirst offers uniforms, protective workwear, facility service products, and first aid supplies, with revenue primarily from rental and cleaning services, as well as direct sales. The company operates a multi-segment business model including full-service rental programs, garment leasing, and direct sales, generating recurring revenue from ongoing service contracts. It serves a diversified customer base across automotive, retail, manufacturing, food service, healthcare, government, and high-technology sectors in the United States, Canada, and Europe. UniFirst is a leading provider of workplace uniforms and facility services, operating at s...

格隆汇2月3日｜经纪商Tradition Dubai的全球宏观顾问Steven Major表示，由凯文·沃什领导的美联储的降息幅度可能远超市场当前预期。Major周二说：“我认为，一个相当合理的假设是：如果他不属于降息阵营，就不会被考虑担任这个职位。市场目前计入了大约两次降息，但我们可能会看到四或五次，而非两次。”货币市场目前给出的定价是：2026年出现第二次降息的概率约为80%，上周市场一度认为存在第三次降息的可能。这是因为相比特朗普此前考虑的其他人选，市场认为沃什更偏鹰派。他的提名仍需获得参议院确认。

Koldunov/iStock via Getty Images Main Thesis and Background The purpose of this article is to evaluate the PIMCO Corporate & Income Opportunity Fund ( PTY ) as an investment option at its current market price. The fund's objective is to "seek maximum total return through a combination of current income and capital appreciation". I write about PTY a few times each year, and it is a fund I have owned in the past (many years ago). I kept thinking it may be a decent add for my income allocation, but the cost of ownership continues to be stubbornly high. I reiterated this point back in Q4, and it looks like my caution was vindicated in hindsight: Fund Performance (Seeking Alpha) As you can see, PTY has been struggling of late. While this is not news, what really caught my eye is just how poorly it performed in 2025 overall. When I dug a little deeper, it turned out that those who held from January 1 through December 31 (in 2025) actually had a flat return! That was a pretty amazing stat, given how well the broader market performed, and it got me pondering how that happened. I will discuss the why in detail below and also support the decision to keep a cautious rating in place on this CEF. Did PTY Really Underperform Cash? Yes Let's open this with a discussion on why PTY lost to cash in 2025. It wasn't because the market was having a bad year - in fact, it was a bull market! And it wasn't because the debt sector performed poorly; securities of both high and low grade held their own too. So how could PTY have performed so poorly? The primary reason, in my view, is valuation. When I discussed this fund back in February, I noted a 25% premium to NAV on the open market. Just think about that for a minute. 25%. And these aren't third-party numbers. This is the fund managers telling you they have calculated the underlying value of the basket of securities PTY owns, and the price these are collectively going for (the share price) is 25% higher than the worth of the securities. A...