Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
mdisk/iStock via Getty Images Sportradar Group AG ( SRAD ) launched a new iGaming brand called Playradar that is designed to offer a fully integrated ecosystem of cross-vertical gaming experiences for global operators. The company said the launch marks the next phase in the evolution of its iGaming business. Playradar combines Sportradar's ( SRAD ) live and historical sports data, AV streams, and ...
mdisk/iStock via Getty Images Sportradar Group AG ( SRAD ) launched a new iGaming brand called Playradar that is designed to offer a fully integrated ecosystem of cross-vertical gaming experiences for global operators. The company said the launch marks the next phase in the evolution of its iGaming business. Playradar combines Sportradar's ( SRAD ) live and historical sports data, AV streams, and casino content to create proprietary hybrid products. Key elements of the new brand include a 24/7 “Experience Center” where players can watch live sports streams and play games on the same screen, fostering community interaction and both engagement-only and real-money play. It will also offer live and historical sports/casino hybrid content that turns real sporting moments into interactive, event-driven gameplay, including a live prediction product powered by Sportradar’s data. In addition, the brand will provide premium iGaming content such as virtual sports, slots, table games, arcade titles, and crash games. Sportradar ( SRAD ) has appointed former Playtech Live CEO Edo Haitin to lead the division, leveraging his more than 20 years of experience in iGaming operations, live casino development, and executive leadership to accelerate growth. Looking ahead, Sportradar ( SRAD ) plans to scale Playradar using its existing game studio, sports data expertise, streaming capabilities, global distribution network, and marketing technologies, aiming to drive cross-sell, higher player value, and longer sessions for operators that already span both betting and iGaming. Playradar will operate only in regulated markets and will roll out games through 2026 across the UK, North America, and Latin America. "Playradar content is designed to provide optimized cross-sell between the worlds of sport and casinos, helping operators to increase player value and session length at a time when engagement and retention are key to operational sustainability," highlighted Sportradar ( SRAD ) CEO Carst...
Robert Way Two of the world's biggest beauty companies may soon be getting together. Estée Lauder ( EL ) has confirmed it's in talks to acquire Spain's Puig ( PUIGF ) in a potential cash-and-stock transaction that would be valued north of $10B. The move would be a big deal for the firm, which is facing weak demand in the Americas and a double punch from tariffs and inflation. Puig stock jumps Back...
Robert Way Two of the world's biggest beauty companies may soon be getting together. Estée Lauder ( EL ) has confirmed it's in talks to acquire Spain's Puig ( PUIGF ) in a potential cash-and-stock transaction that would be valued north of $10B. The move would be a big deal for the firm, which is facing weak demand in the Americas and a double punch from tariffs and inflation. Puig stock jumps Backdrop: Organic growth has become harder to find in recent years following the post-pandemic spending boom. Companies are looking to consolidate, especially given growing competition in the beauty arena, where Gucci owner Kering ( PPRUY ) just sold its beauty business to L'Oréal ( LRLCY ). Coty ( COTY ) is also conducting a strategic review, while Elf Beauty ( ELF ) has shelled out big bucks for Hailey Bieber's skincare brand Rhode. Estée Lauder's ( EL ) deal for Puig would immediately vault it into a global leader in high-growth fragrances (such as Carolina Herrera and Rabanne), while leveraging makeup brands like Charlotte Tilbury into Estée's ( EL ) massive distribution network (Clinique and M.A.C). Shares of Estee ( EL ) sank nearly 8% on Monday following the news that broke just before the closing bell. Investors seemed concerned about the risks involved for such a big acquisition and the financing that it would take to add more brands to its sprawling portfolio. Estée ( EL ) already spent $2.8B on a deal for Tom Ford several years back, and while the strategic acquisition boosted its prestige portfolio by upending a sale to Kering ( PPRUY ), the long-term investment hasn't yet paid back financially. Outlook: Estée Lauder's ( EL ) shares have been in a downtrend for years, slumping 80% from their all-time high in late 2021, and a whopping 25% in 2026 alone. It has attempted a turnaround plan called "Beauty Reimagined" that aims to cut costs and utilize supply chain efficiencies to fund a pivot toward the digital growth channels of younger consumers, like Amazon and TikTo...
Core & Main press release ( CNM ): Q4 Non-GAAP EPS of $0.52 beats by $0.19 . Revenue of $1.58B (-6.5% Y/Y) misses by $10M . Adjusted EBITDA (Non-GAAP) decreased 6.7% to $167 million; Adjusted EBITDA margin (Non-GAAP) increased 10 bps to 10.6%. Net cash provided by operating activities of $268 million. Fiscal 2026 Outlook Based on current market conditions and expected execution of its strategic pr...
Core & Main press release ( CNM ): Q4 Non-GAAP EPS of $0.52 beats by $0.19 . Revenue of $1.58B (-6.5% Y/Y) misses by $10M . Adjusted EBITDA (Non-GAAP) decreased 6.7% to $167 million; Adjusted EBITDA margin (Non-GAAP) increased 10 bps to 10.6%. Net cash provided by operating activities of $268 million. Fiscal 2026 Outlook Based on current market conditions and expected execution of its strategic priorities, Core & Main provides the following outlook for the fiscal year ended January 31, 2027 ("fiscal 2026"): Net sales of $7,800 to $7,900 million, reflecting net sales growth of 2% to 3% vs. consensus of $7.93B. Adjusted EBITDA (Non-GAAP) of $950 to $980 million Adjusted EBITDA Margin (Non-GAAP) of 12.2% to 12.4% Operating Cash Flow of 60% to 70% of Adjusted EBITDA More on Core & Main Seeking Alpha’s Quant Rating on Core & Main Historical earnings data for Core & Main Financial information for Core & Main
“Open your mind，越长大，越smart。” 关于把车越做越大的这件事，smart很自信。今年2月，smart官方公众号还专门发文diss了一下相关的质疑。但在要求别人格局打开的同时，也许其也应该“Open your eyes”，因为从最新的价格行情和销量数据来看，市场对越来越大的smart始终不怎么买账。 01 根据来源于中汽协和乘联会的终端销量数据，smart在近一年（2025年3...
“Open your mind，越长大，越smart。” 关于把车越做越大的这件事，smart很自信。今年2月，smart官方公众号还专门发文diss了一下相关的质疑。但在要求别人格局打开的同时，也许其也应该“Open your eyes”，因为从最新的价格行情和销量数据来看，市场对越来越大的smart始终不怎么买账。 01 根据来源于中汽协和乘联会的终端销量数据，smart在近一年（2025年3月—2026年2月）合计卖出29986辆新车，其中尺寸最小但上市最久的精灵1号占比约64%，尺寸依次递增的精灵3号和精灵5号分别占14%和22%。 值得一提的是，尺寸最大的精灵5号是2025年smart主推的旗舰车型，尤其是在2025年10月加推的插电混合动力版本精灵5号。 按照第一财经、汽车像素等媒体的报道，smart在2025年曾设定8万辆的销量目标，后续根据市场实际情况有过下调，但最终依然没有达成。从这个角度出发，2025年关键新车精灵5号的市场表现显然没有达到smart的预期。 时间来到2026年的当下，精灵5号甚至还出现要靠二手车商清库存的情况。 3月23日，源Auto从重庆某二手车平台工作人员了解到，一批“0公里”、未上牌的smart精灵5号车源正被甩卖，平台标价比官方指导价低10万元。 “（这一批车都是）smart精灵5号长续航奇旅豪华版，指导价269900，（现在）裸车价169800，是24年底的车。”该工作人员告诉源Auto，如果有旧车置换以及计划贷款购车的话，裸车价还能在16.98万元的基础上再往下谈。 事实上，作为一款上市以来月销量长期徘徊在三位数的车型，smart精灵5号需要借助二手车渠道清库并不令人意外。反而是smart眼见精灵3号、精灵5号两款越来越大的车始终卖不过精灵1号，仍不及时止损并调整方向，令人对这个以精品小车起家的品牌感到担忧。 毕竟smart下一款要力推的新车，是尺寸比精灵5号再大一圈的精灵6号。 根据smart精灵6号的工信部申报信息，这款插电式混动轿车的车长接近5米，2926毫米的轴距更是品牌全系车型里最长的。 从精灵6号的尺寸和产品定位看，该车上市后将会与小米SU7、特斯拉Model 3形成竞争关系，要在20万—30万元级别新能源轿车市场撼动这两款车型，至少暂时还没有一家车企能做到。 回看smart近年的产品更新节奏，显然尺寸相...
Middle Eastern funds have racked up outsize gains from bets on newly-listed Chinese artificial intelligence companies, bucking a broader selloff in equity markets caused by the ongoing conflict in the Gulf. Abu Dhabi Investment Authority ’s $65 million cornerstone investment in MiniMax Group Inc. has risen more than sixfold as of Tuesday’s close to over $400 million since the firm listed in Hong K...
Middle Eastern funds have racked up outsize gains from bets on newly-listed Chinese artificial intelligence companies, bucking a broader selloff in equity markets caused by the ongoing conflict in the Gulf. Abu Dhabi Investment Authority ’s $65 million cornerstone investment in MiniMax Group Inc. has risen more than sixfold as of Tuesday’s close to over $400 million since the firm listed in Hong Kong in January. Aramco Ventures ’ roughly $30 million pre-IPO investment in Knowledge Atlas Technology JSC Ltd. , known as Zhipu, has meanwhile climbed to about $415 million since its debut at the start of the year. The Chinese firms rank as the best-performing listings of the year for deals that raised more than $500 million. MiniMax and Zhipu were among the first post-ChatGPT generative AI firms to go public in January, contributing to a strong month for listings in Hong Kong. The surge in their shares since has underscored strong appetite for Chinese firms in the sector and contrasts with a selloff globally. Attacks on energy and infrastructure targets across the Middle East over the past month have shaken oil markets and weighed on equities, while raising concerns about potential disruption to critical assets such as Gulf data centers. Read More: China Becomes Agentic AI’s Biggest Lab With OpenClaw Stampede The $1 trillion ADIA is one of the world’s largest wealth funds and Aramco Ventures oversees assets of close to $7 billion. While the investments into the AI firms represent a tiny proportion of overall outlays, they come at a time when Middle Eastern investors are having to navigate a delicate balancing act between their biggest markets — America and China. Many Gulf entities have attempted to pare back ties to China and pledged investments in key Western markets. Others have said they continue to look at investments in Beijing, while steering clear of deals that could raise concerns in Washington. Read More: Mideast Wealth Funds Draw Greater US Scrutiny Over China ...
Advanced Micro Devices is setting up for a rebound that could be triggered by the Q1 earnings report, and analysts and institutions are accumulating this stock.
Advanced Micro Devices is setting up for a rebound that could be triggered by the Q1 earnings report, and analysts and institutions are accumulating this stock.
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]