BlackRock (BLK) delivered earnings and revenue surprises of +9.34% and +1.48%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
BlackRock (BLK) delivered earnings and revenue surprises of +9.34% and +1.48%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
HABesen/iStock Editorial via Getty Images JBND Strategy JPMorgan Active Bond ETF ( JBND ) is an actively managed multi-sector bond ETF launched on 10/11/2023. JBND has a portfolio of 1,581 securities, a 30-day SEC yield of 4.35%, a trailing 12-month yield of 4.41%, a yield to maturity of 4.30%, and a net expense ratio of 0.25%. Distributions are paid on a monthly basis. As described by J.P. Morgan...
HABesen/iStock Editorial via Getty Images JBND Strategy JPMorgan Active Bond ETF ( JBND ) is an actively managed multi-sector bond ETF launched on 10/11/2023. JBND has a portfolio of 1,581 securities, a 30-day SEC yield of 4.35%, a trailing 12-month yield of 4.41%, a yield to maturity of 4.30%, and a net expense ratio of 0.25%. Distributions are paid on a monthly basis. As described by J.P. Morgan , the fund seeks to outperform the Bloomberg U.S. Aggregate Bond Index over a 3-5 year time horizon. The portfolio includes investment-grade corporate bonds, U.S. Treasuries, agency securities, asset-backed and mortgage-backed securities, and aims to maintain a weighted average maturity between 4 and 12 years and a weighted average credit rating of A- or higher. The fund only buys investment-grade securities but may hold up to 5% of assets in securities downgraded below investment grade. Eligible securities are denominated in U.S. dollars, although they may be issued by foreign entities. The fund may invest in private placements and unregistered securities. It may also use derivatives for investing and hedging purposes. The portfolio turnover rate was 89% in the most recent fiscal year. P ortfolio The portfolio is mostly invested in securities of U.S. issuers (about 94% of net asset value), with 41.9% of asset value in Treasuries/futures, 36.4% in mortgage-backed securities (agency, non-agency, and commercial), 14.3% in corporate bonds, and 11.5% in asset-backed securities. Sector breakdown, % of assets (Chart: author; data: JPMorgan ) The fund has a very low aggregate credit risk, with 63.2% of assets rated AAA and 97% investment grade. Credit quality profile, % of assets (Chart: author; data: JPMorgan ) The fund’s weighted average maturity is 6.48 years, with 87% of assets below 10 years. Maturity profile, % of assets (Chart: author; data: JPMorgan ) Sensitivity to rate variations is average, with an effective duration of 6.05 years. It means the portfolio's asset value ...
Richard Drury/DigitalVision via Getty Images Thesis We have not covered the Saba Closed-End Funds ETF ( CEFS ) for a year now, with our last rating being a downgrade to 'Hold', right before the fund experienced a -10% drawdown: Prior Rating (Seeking Alpha) We own this ETF and we like it. While Saba is a well-known activist in the CEF space, not all their funds are alike, with this ETF being head a...
Richard Drury/DigitalVision via Getty Images Thesis We have not covered the Saba Closed-End Funds ETF ( CEFS ) for a year now, with our last rating being a downgrade to 'Hold', right before the fund experienced a -10% drawdown: Prior Rating (Seeking Alpha) We own this ETF and we like it. While Saba is a well-known activist in the CEF space, not all their funds are alike, with this ETF being head and shoulders above the rest. We recently reviewed their staple Saba Capital Income & Opportunities Fund ( BRW ) CEF, which is a massive disappointment , doing all the things Saba punishes others for (high dividend for marketing purposes which is unsupported, NAV erosion, poor total returns). Unfortunately we own some BRW as well. In today's article we are going to review CEFS' performance in the past year, and articulate why the ETF wrapper is the best suited form of investment for the Saba companies. What does CEFS do? Let us start by looking at the fund description and objective for CEFS: The Saba Closed-End Funds ETF (Cboe BZX Exchange: CEFS) is an actively-managed Exchange Traded Fund that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value, and hedging the portfolio’s exposure to rising interest rates. CEFS offers access to Saba Capital’s portfolio managers who have years of experience investing in closed-end funds. So CEFS is an ETF which uses closed end funds as building blocks for its portfolio. The fund does not disclose exactly the portfolio managers, but they are doing a great job and should be probably managing the BRW fund as well. The name is fairly easy to understand since it shadows a classic 60-40 portfolio build: Allocations (Fund Fact Sheet) Equities represent 61% of the portfolio, bonds (various fixed income) 19%, with the rest being alternative strategies and mixed allocations. To note that the management team uses both CEFS as building blocks as well as trading tools (i.e. one can sell an overextended...
robertcicchetti/iStock Editorial via Getty Images ChargePoint ( CHPT ) president & chief executive officer Richard Wilmer bought 46,847 shares of common stock in a transaction worth approximately $250K, according to a regulatory filing. The shares were purchased in multiple transactions at prices ranging from $5.02 to $5.45 on April 13, 2026. ChargePoint ( CHPT ) shares were up 6% premarket at $5....
robertcicchetti/iStock Editorial via Getty Images ChargePoint ( CHPT ) president & chief executive officer Richard Wilmer bought 46,847 shares of common stock in a transaction worth approximately $250K, according to a regulatory filing. The shares were purchased in multiple transactions at prices ranging from $5.02 to $5.45 on April 13, 2026. ChargePoint ( CHPT ) shares were up 6% premarket at $5.76. More on ChargePoint Holdings ChargePoint Holdings, Inc. (CHPT) Q4 2026 Earnings Call Transcript ChargePoint Holdings, Inc. 2026 Q4 - Results - Earnings Call Presentation ChargePoint Q4: The Misery Continues ChargePoint outlines AI-driven operational improvements and targets ramp of new products while expanding in Europe ChargePoint Holdings GAAP EPS of -$1.85 beats by $0.13, revenue of $109.3M beats by $4.41M
Armando Oliveira/iStock via Getty Images My bullish thesis on StoneCo ( STNE ) before 4Q25 was centered around a top-performing emerging markets fintech that is starting to generate a high ROE of 26%+, with the potential to improve even more. The central idea basically consisted of (1) the payments and credit business gaining scale, (2) operating leverage (profits accelerating faster than revenue)...
Armando Oliveira/iStock via Getty Images My bullish thesis on StoneCo ( STNE ) before 4Q25 was centered around a top-performing emerging markets fintech that is starting to generate a high ROE of 26%+, with the potential to improve even more. The central idea basically consisted of (1) the payments and credit business gaining scale, (2) operating leverage (profits accelerating faster than revenue), and (3) credit starting to contribute more to earnings in a disciplined way. On top of all this, the scenario of falling interest rates in Brazil would reduce funding risk (as it is building a deposit base) and expand margins for StoneCo. The undemanding valuation multiples, with StoneCo trading at ~35% lower P/E compared to the average of its sector peers, rounded out the bullish case for FY26. But then came 4Q25 in March, which was like a cold shower for the bullish momentum around STNE. Shares plummeted 20%+ after the results were released and have since struggled to rebound. Data by YCharts Although I still maintain a constructive long-term view for StoneCo, especially in the current multiples, what 4Q25 brought was a relevant change in the risk profile and predictability of the thesis. STNE is starting to become more dependent on a mix of less predictable factors, such as credit expansion and greater sensitivity to macroeconomic factors. At the same time, signs of underwhelming execution in core payments, especially in churn and quality of growth, raise a yellow flag. It still does not seem to me to be confirmed that the STNE has become a case of structural deterioration of the business but rather of a transition to a more complex model with greater volatility in results and consequently less earnings visibility in the short term. This type of change, by definition, tends to justify lower multiples until there is greater clarity. In this context, I am downgrading my stance on STNE to a Hold, not because of a change in long-term vision, but justified by a worsening in...
France is banking on longer-term investment, including from US firms in data centers, to help overcome a slowdown from the fallout of the conflict in the Middle East, Finance Minister Roland Lescure said. “The French economy was pretty strong getting into that crisis, we have a bit of a slowdown in the short run but again what we are doing is investment,” Lescure told Bloomberg Television’s Lisa A...
France is banking on longer-term investment, including from US firms in data centers, to help overcome a slowdown from the fallout of the conflict in the Middle East, Finance Minister Roland Lescure said. “The French economy was pretty strong getting into that crisis, we have a bit of a slowdown in the short run but again what we are doing is investment,” Lescure told Bloomberg Television’s Lisa Abramowicz and Jonathan Ferro . “At the moment when someone wants to put a data center somewhere, not in the US, they look at France because we have carbon-free, ample and cheap electricity.” Lescure said last week that the Iran war had only a “ relatively moderate ” impact on France’s economy and activity may remain “in sync” with the government’s forecast for a 1% expansion in 2026. France to Nearly Double Support for Switch to Electric Power A Bank of France business survey published Monday also showed the economy proved resilient in March and growth likely accelerated to as much as 0.3% in the first quarter of the year. But the outlook has deteriorated with gauges of confidence declining and households and businesses expecting inflation to accelerate. “Short-term resilience, but a bit of a risk, long term we need to invest in the future, that’s the only way out - growth is the way out,” Lescure said. Still, the finance minister said that the French state will have to limit its investment priorities to areas including defense , energy and financing a transition to electrical power. According to Lescure, that means making savings elsewhere, including on health and pensions as France continues to struggle to rein in a bloated budget deficit. Since the 2024 election fractured parliament, lawmakers have repeatedly toppled governments over plans for spending cuts, sparking sell-offs on French sovereign bond markets. Lescure said he expects France to again “muddle through” adopting a budget later this year, but cautioned the outlook beyond presidential elections in April is unc...
Until recently, the stock market appeared unstoppable. The dynamic Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and artificial intelligence -inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) had all reached record-closing highs since late October. But mounting uncertainties have investors second-guessing the current bull market . Despite a mammoth rally in eq...
Until recently, the stock market appeared unstoppable. The dynamic Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and artificial intelligence -inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) had all reached record-closing highs since late October. But mounting uncertainties have investors second-guessing the current bull market . Despite a mammoth rally in equities last week, one of Wall Street's leading indicators is foreshadowing a bumpy ride to come for the Dow, S&P 500, and Nasdaq Composite. Image source: Getty Images. Continue reading
Lucid has announced former head of Schindler Holding, Silvio Napoli, as its latest CEO alongside $750 million of new investment capital from Uber and Saudi Arabia’s Public Investment Fund. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Lucid has announced former head of Schindler Holding, Silvio Napoli, as its latest CEO alongside $750 million of new investment capital from Uber and Saudi Arabia’s Public Investment Fund. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
AI partnership puts Wolverine World Wide’s marketing under the spotlight Wolverine World Wide (WWW) has teamed up with Yobi and Microsoft Azure to use predictive behavioral AI across its Merrell and Saucony brands. The initiative aims to refine marketing campaigns and target higher value shoppers earlier in their journey. See our latest analysis for Wolverine World Wide. The AI partnership comes a...
AI partnership puts Wolverine World Wide’s marketing under the spotlight Wolverine World Wide (WWW) has teamed up with Yobi and Microsoft Azure to use predictive behavioral AI across its Merrell and Saucony brands. The initiative aims to refine marketing campaigns and target higher value shoppers earlier in their journey. See our latest analysis for Wolverine World Wide. The AI partnership comes after a mixed year for the stock, with a 7-day share price return of 7.45% and a 30-day share...