Key Points Beyond Meat isn't generating a lot of cash, and it's carrying a lot of debt. It's posting losses, not gains. This stock is ultra-risky and probably best avoided. 10 stocks we like better than Beyond Meat › Let's play a what-if game. Let's imagine that you spent $1,000 on shares of alternative protein company Beyond Meat (NASDAQ: BYND) a year ago. What would your stake (not steak!) be worth today? Check it out: 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 » Time period Average annual return Past 1 year (77.46%) Past 3 years (62.12%) Past 5 years (63.47%) Those parentheses mean those are negative returns. Losses. Your $1,000 would have lost 77.5% of its value in a single year, becoming about $225. Yikes. What happened? Well, Beyond Meat has been struggling mightily in recent years. In the company's third-quarter earnings report, it posted revenue of $70.2 million, down 13% year over year. Operating losses came in at $112 million, much deeper than the year-earlier loss of $31 million. In Beyond Meat's own words, "The Company's cash and cash equivalents balance, including restricted cash, was $131.1 million and total outstanding debt was $1.2 billion as of September 27, 2025." Shares were recently priced at less than a dollar, putting them deep in penny-stock territory. (Remember, a penny stock is one trading for less than about $5 per share, and such companies are often extra-volatile and risky.) The premise of the company seems sound: Lots of people want to eat healthier meals, and offerings from companies such as Beyond Meat are indeed full of protein and nutrients. But as Harvard Health has noted, "[M]eatless burgers are heavily processed and high in saturated fat." Given all that, should you consider investing in Beyond Meat, now that its stock price is so much lower than it used to be? The answer, to me, seems a strong no. To me, it...

三星电子表示，2026年内存资本支出将有所增加。(财联社) 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Image source: The Motley Fool. Wednesday, Jan. 28, 2026, at 5 p.m. ET Call participants President and Chief Executive Officer — Michelle Gass Chief Financial and Growth Officer — Harmit Singh Vice President, Investor Relations — Aida Orphan Takeaways Organic net revenue growth -- 7% growth for the fiscal year, with fiscal Q4 up 5% compared to a prior-year increase of 8%, and November holiday season up 7% (highest holiday revenue in at least a decade). -- 7% growth for the fiscal year, with fiscal Q4 up 5% compared to a prior-year increase of 8%, and November holiday season up 7% (highest holiday revenue in at least a decade). Levi's brand performance -- 7% growth in fiscal 2025, remaining the top denim brand globally and holding more share than the next two largest competitors combined. -- 7% growth in fiscal 2025, remaining the top denim brand globally and holding more share than the next two largest competitors combined. Direct-to-consumer (DTC) transformation -- DTC channel grew 11%, now representing approximately half of total business; fiscal Q4 DTC sales rose 10%, marking the fifteenth straight quarter of positive comps. -- DTC channel grew 11%, now representing approximately half of total business; fiscal Q4 DTC sales rose 10%, marking the fifteenth straight quarter of positive comps. DTC margin expansion -- Significant margin expansion delivered in DTC for fiscal 2025, supported by high single-digit comp growth and operational improvements in stores and e-commerce. -- Significant margin expansion delivered in DTC for fiscal 2025, supported by high single-digit comp growth and operational improvements in stores and e-commerce. Wholesale channel -- Wholesale grew 4% for the year; fiscal Q4 global wholesale was flat, attributed to stabilization and new distribution but impacted by US capacity constraints and strong prior-year digital wholesale growth. -- Wholesale grew 4% for the year; fiscal Q4 global wholesale was flat, attributed to stabilization and new dis...

The artificial intelligence (AI) boom is creating an insatiable need for advanced data management solutions. Shares of Seagate Technology (STX +19.14%) popped on Wednesday after the hard disk drive maker's fast-growing profits highlighted the shocking demand for its data storage products. By the close of trading, Seagate's stock price was up more than 19%. The data storage industry is booming Seagate's revenue jumped 22% year over year to $2.83 billion in its fiscal 2026 second quarter, which ended on Jan. 2. "As AI applications amplify the creation and economic value of data, modern data centers increasingly need storage solutions that combine performance and cost-efficiency at exabyte-scale," CEO Dave Mosley said in a press release. An exabyte is an enormous amount of digital information, equal to one billion gigabytes. Expand NASDAQ : STX Seagate Technology Plc Today's Change ( 19.14 %) $ 71.17 Current Price $ 442.93 Key Data Points Market Cap $79B Day's Range $ 389.00 - $ 449.50 52wk Range $ 63.19 - $ 449.50 Volume 15M Avg Vol 4.2M Gross Margin 36.86 % Dividend Yield 0.78 % With demand skyrocketing and supply limited, Seagate is enjoying strong pricing power. The mass-capacity data storage leader's profits are surging in turn. Seagate's adjusted gross margin improved by 6.7 percentage points to 42.2%, while its operating margin increased by 8.8 percentage points to 31.9%. All told, Seagate's adjusted earnings per share leaped 53% to $3.11. A long runway for further growth Looking ahead to Seagate's fiscal third quarter, management guided for revenue of roughly $2.9 billion and adjusted earnings of $3.40 per share. "In the December quarter, we saw sustained demand growth for our high-capacity nearline drives across global cloud data centers as well as continued improvement from the enterprise edge," Mosley said during a conference call with analysts. "Based on our build-to-order pipeline, we anticipate these positive demand trends will continue for some time."

港股开盘：恒生指数低开0.72%，恒生科技指数低开0.79% 2026-01-29 09:20:56 来源： 同花顺7x24快讯 分享 文章提及标的 紫金矿业 -- 恒生指数 -- 中石化油服 -- 有色金属 -- 赤峰黄金 -- 恒生科技ETF大成 -- 港股开盘，恒生指数低开0.72%，恒生科技（159740）指数低开0.79%。有色金属（1B0819）、石油板块再度高开，赤峰黄金（HK6693）涨6.2%，中石化油服（HK1033）涨1.98%，紫金矿业（HK2899）涨1.88%。

Insurance platform Ethos Technologies Inc. priced its initial public offering at $19 per share, according to a person familiar with the matter. The San Francisco-based company and some of its backers were offering 10.5 million shares for $18 to $20 each. The listing was oversubscribed , Bloomberg News has reported. Details of the offering could still change, the person said, asking not to be identified as the information isn’t public. A representative for Ethos declined to comment. The company is led by co-founders Peter Colis and Lingke Wang , its chief executive officer and president respectively. The platform enables users to find and sign up for life insurance policies. Users can secure life insurance without a medical exam in just 10 minutes, according to its website . It was last valued at $2.7 billion in a funding round led by SoftBank Vision Fund 2 that was announced in July 2021. Ethos had net income of $46.6 million on revenue of $277.5 million for the nine months ended Sept. 30, compared with net income of $39.3 million on revenue of $188.4 million from a year earlier, according to the filing. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Ethos follows several US-based insurance-sector companies going public in recent months, including Neptune Insurance Holdings Inc. , Slide Insurance Holdings Inc. and Aspen Insurance Holdings Ltd . Read More: Flood-Focused Neptune’s IPO Joins Boom in Niche Insurer Debuts The offering is being led by Goldman Sachs Group Inc and JPMorgan Chase & Co. The shares are expected to trade on the Nasdaq Global Select Market under the symbol LIFE Thursday.

推荐：Meta 2025年四季度营收同比增24%；微软2025年四季度营收同比增17%；TikTok美国服务持续故障 美国加利福尼亚州桑尼维尔，亚马逊公司标牌。图：视觉中国 【财新网】 亚马逊再裁1.6万人 当地时间1月27日，亚马逊(NASDAQ: AMZN)宣布将裁撤1.6万个岗位，公司为大多数美国本土员工提供90天的时间在公司内部寻找新岗位。亚马逊称，裁员是为了减少层级、增强主人翁意识和消除官僚主义。亚马逊在2025年10月底曾宣布一轮裁员，裁撤约1.4万个岗位。 微软2025年四季度营收同比增17% 1月29日，微软公布2025财年四季度财报，当季总营收达813 亿美元，同比增长17%，增长主要来自云计算业务的强劲表现。具体而言，公司智能云板块实现营收329.1亿美元，同比增长29%；包含office办公软件等业务的生产力和商业流程板块营收341.2亿美元，同比增长16%；个人计算板块营收142.5亿美元，同比下跌3%。

It was an earnings report that contained some stunning numbers: Microsoft reported crossing a significant $50 billion quarterly revenue milestone for its cloud business, and said its demand backlog had more than doubled, to $625 billion, with a boost from OpenAI. But the tech giant’s stock tumbled nearly 5% in after-hours trading, following a second quarter earnings release that showed a slowdown in Azure revenue growth and capacity constraints that Microsoft admitted will extend to “at least” the end of its fiscal year in June. During the earnings call with analysts after market close on Wednesday, chairman and CEO Satya Nadella and chief financial officer Amy Hood were pressed on investor fears over a slowdown in revenue growth for the Azure platform amid soaring capital expenditures—both signs that the company is struggling to keep up with AI demand. Those two figures combined have given rise to questions about whether Microsoft can build out computing capacity as fast as planned, and if that issue will further limit Azure’s growth. Essentially, investors are worried they might be seeing the first blush of a yellow flag. “One of the core issues that is weighing on investors is capex is growing faster than we expected, and maybe Azure is growing a little bit slower than we expected,” said Keith Weiss, head of U.S. software research at Morgan Stanley, during the call. “That fundamentally comes down to a concern on the [return on investment], on this capex spend over time.” To level-set: Microsoft spent $34.9 billion on capital expenditures in the first quarter of fiscal 2026 alone, with roughly half dedicated to assets including GPUs and CPUs, which are the chips it uses in PCs, servers, and the Azure data centers. In Q2, capex was roughly $37.5 billion, which brought the first half total to $72.4 billion, signaling significant infrastructure spending. In the first quarter, Hood told investors the company was seeing growing demand and a rising RPO balance that mean...

btc-usd Forex Signals Jan 29: Apple AAPL, Visa V, Mastercard, Caterpillar and SAP Earnings Preview Today’s session is earnings-heavy, with Apple, Visa, Mastercard, Caterpillar, and SAP all set to report—putting consumer demand, payments... Written by: Skerdian Meta • • 4 min read • Quick overview Today's earnings reports from major companies like Apple, Visa, and Mastercard will provide insights into consumer demand and spending trends. The Federal Reserve's decision to hold rates had little impact on market reactions, reflecting a desensitized response as Chair Powell's term nears its end. Gold prices surged, nearing $5,600, driven by increased demand and reports of substantial gold reserves being built by Tether. Market volatility was evident in forex and cryptocurrency, with significant movements in USD/JPY and Bitcoin finding support at key moving averages. Live BTC/USD Chart BTC/USD 0.0000 MARKETS TREND Today’s session is earnings-heavy, with Apple, Visa, Mastercard, Caterpillar, and SAP all set to report—putting consumer demand, payments activity, industrial momentum, and enterprise software spending firmly in focus. Fed Decision: Familiar Message, Muted Reaction Markets appear increasingly desensitized to Chair Powell as his term nears its May conclusion. The Federal Reserve’s decision to hold rates came exactly as expected, and the policy statement failed to introduce any meaningful surprises. While Powell struck an optimistic tone on the economy during the press conference, it had little impact on markets or Fed funds futures. June remains the earliest window for easing, with pricing still implying around 19 basis points of cuts. Bank of Canada: Steady and Predictable The Bank of Canada meeting delivered even less drama. Updated forecasts showed minimal change, and Governor Macklem emphasized a data-dependent approach before any further rate moves. Currency markets reflected the lack of surprise, with USD/CAD ending the session largely unchanged. ECB: Highe...

Image source: The Motley Fool. Jan. 28, 2026, 5:00 p.m. ET CALL PARTICIPANTS Chief Financial Officer — Paul Shoukry President — Jonathan Orlog Unknown Executive — [spoke only briefly on non-comp expense] TAKEAWAYS Net Revenues -- $3.7 billion, a quarterly record, driven by higher Private Client Group (PCG) assets under administration and market appreciation. -- $3.7 billion, a quarterly record, driven by higher Private Client Group (PCG) assets under administration and market appreciation. Net Income to Common Shareholders -- $562 million GAAP; adjusted net income excluding acquisition expenses was $577 million. -- $562 million GAAP; adjusted net income excluding acquisition expenses was $577 million. Diluted Earnings Per Share -- $2.79 on a GAAP basis; adjusted EPS was $2.86. -- $2.79 on a GAAP basis; adjusted EPS was $2.86. Pretax Margin -- 19.5%; adjusted pretax margin was 20% for the quarter. -- 19.5%; adjusted pretax margin was 20% for the quarter. Annualized Return on Common Equity -- 18%; annualized adjusted return on tangible common equity was 21.4%. -- 18%; annualized adjusted return on tangible common equity was 21.4%. PCG Net Revenues -- $2.77 billion, a record for the segment; segment pretax income was $439 million. -- $2.77 billion, a record for the segment; segment pretax income was $439 million. PCG Pretax Income Change -- Decreased 5% year over year primarily due to a 125 basis point decline in interest rates since early November 2024, which reduced non-compensable revenues. -- Decreased 5% year over year primarily due to a 125 basis point decline in interest rates since early November 2024, which reduced non-compensable revenues. Capital Markets Net Revenues -- $380 million for the quarter; segment pretax income was $9 million, with both figures declining year over year and sequentially due to lower M&A and advisory revenue, debt underwriting, and affordable housing investment revenues. -- $380 million for the quarter; segment pretax income was $9 m...

It was an earnings report that contained some stunning numbers: Microsoft reported crossing a significant $50 billion quarterly revenue milestone for its cloud business, and said its demand backlog had more than doubled, to $625 billion, with a boost from OpenAI. But the tech giant’s stock tumbled nearly 5% in after-hours trading, following a second quarter earnings release that showed a slowdown in Azure revenue growth and capacity constraints that Microsoft admitted will extend to “at least” the end of its fiscal year in June. During the earnings call with analysts after market close on Wednesday, chairman and CEO Satya Nadella and chief financial officer Amy Hood were pressed on investor fears over a slowdown in revenue growth for the Azure platform amid soaring capital expenditures—both signs that the company is struggling to keep up with AI demand. Those two figures combined have given rise to questions about whether Microsoft can build out computing capacity as fast as planned, and if that issue will further limit Azure’s growth. Essentially, investors are worried they might be seeing the first blush of a yellow flag. “One of the core issues that is weighing on investors is capex is growing faster than we expected, and maybe Azure is growing a little bit slower than we expected,” said Keith Weiss, head of U.S. software research at Morgan Stanley, during the call. “That fundamentally comes down to a concern on the [return on investment], on this capex spend over time.” To level-set: Microsoft spent $34.9 billion on capital expenditures in the first quarter of fiscal 2026 alone, with roughly half dedicated to assets including GPUs and CPUs, which are the chips it uses in PCs, servers, and the Azure data centers. In Q2, capex was roughly $37.5 billion, which brought the first half total to $72.4 billion, signaling significant infrastructure spending. In the first quarter, Hood told investors the company was seeing growing demand and a rising RPO balance that mean...

Key Points Paradice increased its stake in Flowserve by 178,356 shares; the estimated trade size was $11.46 million based on the quarterly average price. The quarter-end position value rose by $17.87 million, reflecting both additional shares and stock price movement. The transaction value equaled 2.23% of reportable 13F assets under management (AUM). Post-trade: 516,510 shares held, valued at $35.84 million. The position now represents 6.98% of fund AUM, making it Paradice's fifth-largest holding. These 10 stocks could mint the next wave of millionaires › On Jan. 28, 2026, Paradice Investment Management LLC disclosed a purchase of 178,356 shares of Flowserve (NYSE:FLS), an estimated $11.46 million trade based on quarterly average pricing. What happened According to a Securities and Exchange Commission (SEC) filing dated Jan. 28, 2026, Paradice Investment Management LLC increased its position in Flowserve by 178,356 shares during the fourth quarter of 2025. The estimated value of this share purchase is $11.46 million, based on the average closing price over the quarter. The fund’s quarter-end position in Flowserve rose in value by $17.87 million, a figure that incorporates both trading activity and stock price changes. What else to know This purchase increased Flowserve’s stake to 6.98% of Paradice's reportable 13F assets under management (AUM). Top holdings after the filing: Globus Medical : $46.10 million (8.98% of AUM) Tandem Diabetes Care : $45.67 million (8.89% of AUM) Envista : $37.11 million (7.23% of AUM) Lear Corp. : $36.86 million (7.18% of AUM) Flowserve: $35.84 million (6.98% of AUM) As of Jan. 28, 2026, shares were priced at $76.90, up 28.49% over the past year, outperforming the S&P 500 by 12 percentage points. Company overview Metric Value Revenue (TTM) $4.69 billion Net Income (TTM) $452.78 million Dividend Yield 1.09% Price (as of market close Jan. 28, 2026) $76.90 Company snapshot Flowserve provides industrial flow management equipment, including p...

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SweetBabeeJay/iStock Editorial via Getty Images Fossil Group, Inc. ( FOSL ) is at an interesting point in time. A secular decline in the fashion watch market and Fossil’s operational missteps have made the company’s earnings performance weak, leading to the stock's sharp long-term decline. The stock has more recently caught the market’s attention, though – Fossil’s shares have doubled during the past year as the company's turnaround plan has shown progress. Insider purchases have reaffirmed the market's faith in a turnaround. Regardless, I remain skeptical of Fossil’s ability to successfully and sustainably turn around earnings. Seeking Alpha A Very Brief Introduction of Fossil Fossil designs, sources, markets, and distributes a range of fashion accessories, primarily watches , through a number of brands. The company owns the Fossil watch brand among other names, but also sells a number of licensed fashion brands, including Michael Kors, Empirio Armani, and others. The brands are primarily priced in an affordable price range. Setting the Scene: Fossil’s Sales Are on a Steep Decline The long-term financial performance of Fossil hasn’t been pretty. Sales have been on a near-constant decline from 2015 forward. Fossil’s sales currently stand at $1066 million, down at a sharp -10.7% CAGR from $3229 million in 2015. Fossil guides a mid-teens revenue decline for 2025, and that adjusted operating income will be “ breakeven to slightly positive ”. Weakening sales continue to cause significant margin pressure, as Fossil is struggling to maintain the cost base at a corresponding level to generate healthy earnings. Author's Illustration Using TIKR Data Fossil’s concerning trend coincides with the launch of the Apple Watch in 2015 – the market for mechanical fashion watches has been dwindling since. Consumers are shifting from fashion watches to smartwatches for their better functionality. Fossil previously tried to enter the smartwatch category in 2016, but wasn’t ultimately ab...

(RTTNews) - The Hong Kong stock market has moved higher in six straight sessions, gaining more than 1,330 points or 5 percent along the way. The Hang Seng Index now sits just above the 27,825-point plateau although it's due for consolidation on Thursday. The global forecast for the Asian markets is soft amid geopolitical concerns, although support from gold and oil figure to limit the downside. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference. The Hang Seng finished sharply higher on Wednesday with gains across the board, especially among the technology companies. For the day, the index surged 699.96 points or 2.58 percent to finish at the daily high of 27,826.91 after trading as low as 27,258.10. Among the actives, Alibaba Group gained 2.12 percent, while Alibaba Health Info expanded 2.70 percent, ANTA Sports stumbled 1.16 percent, China Life Insurance strengthened 3.17 percent, China Mengniu Dairy accelerated 3.76 percent, China Resources Land spiked 4.63 percent, CITIC improved 2.27 percent, CNOOC soared 4.85 percent, CSPC Pharmaceutical skyrocketed 6.14 percent, Galaxy Entertainment perked 0.24 percent, Haier Smart Home slumped 0.93 percent, Hang Lung Properties vaulted 3.07 percent, Henderson Land jumped 3.57 percent, Hong Kong & China Gas gathered 1.79 percent, Industrial and Commercial Bank of China rallied 3.62 percent, JD.com climbed 2.47 percent, Lenovo and Xiaomi Corporation both added 2.14 percent, Li Auto surged 4.90 percent, Li Ning sank 0.30 percent, Meituan rose 1.86 percent, New World Development dropped 0.67 percent, Nongfu Spring increased 2.24 percent, Techtronic Industries advanced 2.29 percent and WuXi Biologics was up 0.47 percent. The lead from Wall Street is of little help as the major averages opened higher on Wednesday but tailed off and hugged the line, finishing mixed and little changed. The Dow rose 12.19 points or 0.02 percent to finish at 49,015.60, while the ...

Image source: The Motley Fool. Wednesday, January 28, 2026 at 5 p.m. ET Call participants President and Chief Executive Officer — Barry C. McCarthy Senior Vice President and Chief Financial Officer — Chip Zint Vice President, Investor Relations — Brian Anderson Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Organic revenue growth -- Comparable organic revenue increased 1% for the full year, marking growth in both the fourth quarter and annual periods. -- Comparable organic revenue increased 1% for the full year, marking growth in both the fourth quarter and annual periods. Adjusted EBITDA -- Comparable adjusted EBITDA expanded by more than 6%, with a full-year figure of $431.5 million and a margin of 20.2%, up 90 basis points from the prior year. -- Comparable adjusted EBITDA expanded by more than 6%, with a full-year figure of $431.5 million and a margin of 20.2%, up 90 basis points from the prior year. Adjusted EPS -- Comparable adjusted EPS reached $3.67, up 12.6% from $3.26 in 2024, driven by expanded operating profits and lower interest expense. -- Comparable adjusted EPS reached $3.67, up 12.6% from $3.26 in 2024, driven by expanded operating profits and lower interest expense. GAAP net income -- GAAP net income was $85.3 million, or $1.87 per share, up from $52.9 million, or $1.18 per share in 2024, reflecting improved revenue, margins, and lower restructuring expenses. -- GAAP net income was $85.3 million, or $1.87 per share, up from $52.9 million, or $1.18 per share in 2024, reflecting improved revenue, margins, and lower restructuring expenses. Free cash flow -- Free cash flow was $175.3 million, exceeding the company’s 2026 target one year early, supported by improved EBITDA, lower restructuring spend, and enhanced working capital efficiency. -- Free cash flow was $175.3 million, exceeding the company’s 2026 target one year early, supported by improved EBITDA, lower restructuring spend, and enhanced working capital efficiency. ...

Meta Platforms Inc (Nasdaq: META) closed at $672.36, up 2.1% intraday. Market capitalization: USD 1.69 trillion at close. Latest Quarterly Results (Q4FY25) Consolidated revenue: $59,893 million, up 24% year-over-year. Net income: $22,768 million, up 9% year-over-year. Segment highlights: – Family of Apps revenue: $58,938 million (Q4 2025). – Reality Labs revenue: $955 million (Q4 2025). – Family of Apps operating income: $30,766 million (Q4 2025). – Reality Labs operating loss: $6,021 million (Q4 2025). Business & Operations Update Family daily active people averaged 3.58 billion in December 2025, up 7% year-over-year. Ad impressions rose 18% in the fourth quarter. Capital expenditures were $22.14 billion in Q4 and $72.22 billion for the full year 2025. The company cited increased infrastructure and technical hiring tied to AI initiatives. During the quarter, Meta continued to invest in infrastructure to support its advertising and artificial intelligence workloads. The company reported higher spending on servers, data centers, and network equipment, alongside continued hiring in technical roles. Advertising pricing increased year over year, while the average price per ad reflected changes in demand and advertiser mix across platforms. M&A or Strategic Moves No material M&A was announced in the company’s Q4 2025 press release. Equity Analyst Commentary Institutional analysts noted the quarter’s revenue beat and highlighted higher planned capital expenditure for 2026 as a key focus for investors. Institutional research notes following the results highlighted the divergence between the core advertising business and the Reality Labs segment. Analysts pointed to sustained user engagement across the Family of Apps and reiterated attention on expense discipline and capital allocation trends, particularly in relation to infrastructure investment and long-term product development. Guidance & Outlook — what to watch for Company guidance: Q1 2026 revenue range $53.5–56.5 bill...

Meta Platforms shares rise after Q4 revenue of $59.89 billion AlphaStreet News

文章提及标的 融资融券 -- 沪深300 -- 黄金ETF易方达 -- 截至1月28日，ETF两市融资融券（885338）余额1220.17亿元，分类型来看，股票型ETF两融余额699.44亿元，债券型ETF两融余额90.06亿元，商品型ETF两融余额153.39亿元，QDII型ETF两融余额277.27亿元。其中，两融余额最高的非货币型ETF分别是华安黄金易(ETF)(518880)、易方达黄金ETF(159934)、华泰柏瑞沪深300（399300）ETF(510300)，两融余额分别为75.23亿元、41.15亿元、39.95亿元。 公募基金Q4加减仓动向及重仓行业梳理>>>

智通财经获悉，全球市值最高的汽车制造商特斯拉(TSLA.US)正以前所未有的力度加码 人工智能 (AI)布局。公司首席执行官马斯克在最新财报 电话 会上宣布，特斯拉将投入巨资建设一座名为“TeraFab”的 芯片制造 工厂，以应对未来三到四年可能出现的“芯片墙”瓶颈。同时，特斯拉还披露将向马斯克旗下的AI初创公司xAI投资约20亿美元，进一步深化其在AI领域的战略部署。 自建“TeraFab”：打破供应链与地缘政治双重约束 马斯克在会议上明确指出，当前依赖三星电子(SSNLF.US)、台积电(TSM.US)及美光科技(MU.US)等供应商的模式已无法满足特斯拉在AI、自动驾驶和 机器人 领域日益增长的芯片需求。“为了解除三四年内可能出现的制约，我们必须建设特斯拉TeraFab，”他表示，“这是一座集逻辑芯片、 存储芯片 和封装于一体的大型本土化芯片工厂。” 这一决策背后，是马斯克对地缘政治风险的深切担忧。当前，世界非常依赖台积电及其本土产能来供应尖端芯片。马斯克警告称：“我认为人们可能低估了一些地缘政治风险，这些风险将在几年后成为主要因素。” 马斯克近期已多次释放信号，暗示特斯拉或将自主生产芯片，以应对他所认为的“AI竞赛中的关键瓶颈”。 在与X Prize基金会创始人Peter Diamandis的播客对话中，马斯克用行业术语解释道：“若不建晶圆厂，我们将撞上‘芯片墙’。摆在我们面前的路只有两条：要么撞墙，要么建厂。” 诚然，芯片制造的经济挑战极其严峻。建设尖端工厂需要数百亿美元的固定成本，且从建设到全面运营耗时漫长。此外，特斯拉还需从多个供应商处采购复杂设备，尤其是 光刻机 巨头阿斯麦(ASML.US)的关键设备。 尽管如此，自建芯片工厂符合马斯克一贯的垂直整合战略。通过将关键组件内部化，特斯拉及其关联公司(SpaceX、xAI、Neuralink和The Boring Company)能够以远超供应链的速度推进创新。 20亿美元注资xAI 同日，特斯拉在第四季度财报中宣布，已同意向马斯克于2023年创立的xAI投资约20亿美元，参与该公司此前宣布的200亿美元融资轮。xAI以开发AI聊天机器人及图像生成工具Grok而闻名，被视作对OpenAI的直接竞争。 特斯拉表示，此项投资“基于与其他投资者此前商定的市场条款”，并已签订框架协议，开始“评估两家公司之间潜在的...

格隆汇1月29日｜人民币兑美元中间价报6.9771，下调16点。

存储芯片火上烹油，光刻机奇货可居 北京时间 1 月 28 日中午， ASML（阿斯麦））披露了第四季度财报，营业收入录得 97.18 亿欧元，处于三季度指引的高位，略高于大摩预期。毛利录得 50.69 亿欧元，对应毛利率达到了 52.2% ，也高于大摩预期。 图： ASML 财报汇总，来源：企业财报，锦缎整理 整体来看， ASML 四 季度财报表现相当夸张 ： 其 本身产品相对单一，很难出现单季度营收大幅超预期的情况，但最关键的是新订单额却录得了远超预期的表现。 此前大摩在财报前瞻中，计算了台积电、三星、海力士、美光等主流下游客户的资本开支增幅，给出了相对“激进”的新订单预测，预计四季度新订单额在 72.7 亿欧左右。 但显然下游客户，乃至整个 AI 行业的 Infra 预期要狂热的多， 四季度 ASML 的新订单额达到了恐怖的 131.58 亿欧，不仅连续两个季度同比接近翻倍，更是比大摩的“乐观”预期还要高出 80% 。 相对应的，有了扎实的订单额支撑， ASML 管理层对新一年的指引进行上调，预计 2026Q1 的营收在 82-89 亿欧左右， 2026 全年能达到 340-390 亿的区间，指引区间中位数也要略高于大摩的预期，同时毛利指引也维持在了 51%-53% 的相对高位。 总结来看： · AI 基建展示了较强的确定性， ASML 营收增速预期拉满，结合新订单量，至少在 2027 年不会出现明显的下滑。 ·存储芯片依然有不小的缺口，新订单占比已经超过了逻辑芯片，并且有持续增长的趋势。先进制程产品增速迅猛，成熟制程同样回暖，芯片行业整体的成本可能还会提升。 · ASML 中 短期内会经历甜蜜期，但长期来看，需要警惕 AI 行业整体成本沉降的可能。 详细财报分析如下： 1. 营收净利均创新高， AI 基建的确定性逐渐增强。 ASML的营收相对透明，第四季度整体的营收 97.18 亿欧元，在高基数下同比增长 4.9% 。 图： ASML 单季度营收趋势，来源：企业财报，锦缎研究院整理 收入指引层面， 管理层给出了相对乐观的指引， 2026 年 Q1 的指引区间 82-89 亿欧，以中位数测算，预计 2026 年第一季度 ASML 的营收增速能达到 11% 左右。 管理层对于 2026 年明显充满信心，全年给出的指引落在了 340-390 亿区间，以中位数来测算，...

格隆汇1月29日｜集运指数欧线期货主力合约日内涨幅扩大至3%，报1267.6点。

格隆汇1月29日｜据韩联社，韩国警方在电子商务公司Coupang开展搜查和扣押行动。

人民币兑美元中间价报6.9771，较上日调低16点。 注：人民币中间价由中国外汇交易中心于每日银行间外汇市场开盘前向所有银行间外汇市场做市商询价，并将全部市商报价作为人民币对美元汇率中间价的计算样本，去掉最高和最低报价后，将剩余做市商报价加权平均得到。人民币汇率中间价是即期银行间外汇交易市场和银行挂牌汇价的最重要参考指标。

Image source: The Motley Fool. Wednesday, January 28, 2026 at 5:00 p.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Bill McDermott President and Chief Financial Officer — Gina Mastantuono President, Chief Product Officer, and Chief Operating Officer — Amit Zavery Vice President, Investor Relations — Darren Yip Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Q4 2025 subscription revenue -- $3.47 billion, up 21% quarter over quarter and year over year on a reported (non-GAAP) basis, and exceeding the high end of guidance by 1.5 percentage points. -- $3.47 billion, up 21% quarter over quarter and year over year on a reported (non-GAAP) basis, and exceeding the high end of guidance by 1.5 percentage points. CRPO (Current Remaining Performance Obligations) -- Grew 25%, or 21% on a constant currency basis, two points above guidance, with a 1% contribution from Moveworks. -- Grew 25%, or 21% on a constant currency basis, two points above guidance, with a 1% contribution from Moveworks. Non-GAAP operating margin -- 31%, one point above guidance; full-year non-GAAP operating margin reached 31%, up 1.5 percentage points year over year. -- 31%, one point above guidance; full-year non-GAAP operating margin reached 31%, up 1.5 percentage points year over year. Free Cash Flow Margin -- 57% in Q4 (up 950 basis points year over year); full-year free cash flow margin was 35%, exceeding guidance by 1 percentage point. -- 57% in Q4 (up 950 basis points year over year); full-year free cash flow margin was 35%, exceeding guidance by 1 percentage point. Deal Volume -- 244 deals over $1 million in NNACV; 603 customers generated over $5 million in ACV; customers over $20 million in ACV rose more than 30%. -- 244 deals over $1 million in NNACV; 603 customers generated over $5 million in ACV; customers over $20 million in ACV rose more than 30%. Net New ACV Growth -- Accelerated both quarter over quarter and year over year; technology workflows net ...

格隆汇1月29日｜现货黄金延续涨势，今日盘中一度冲高至5595.41美元/盎司，再创新纪录。现货黄金本周累涨超600美元，累涨幅度超12%。 美元持续走软以及经济和地缘政治不确定性加剧是推动金价上涨的主要因素。此前，特朗普总统对美元跌至四年低点不以为意，暗示尽管面临持续的关税威胁并再次批评美联储的独立性，但他仍能容忍美元疲软，这进一步增强了金价的上涨势头。与此同时，美联储维持利率在3.50%至3.75%不变，指出经济活动具有韧性，劳动力市场也出现了企稳的早期迹象，但同时警告称，通胀仍然高企，前景高度不确定。两位官员倾向于立即降息，这一分歧的决定强化了市场对今年晚些时候可能出台宽松政策的预期。此外，货币贬值担忧也支撑了金价上涨，财政风险促使投资者抛售货币和债券，加之各国央行的强劲购债行动和持续的ETF资金流入，金价进一步走高。 美银近日发表极具冲击力的观点，直言投资者应该“忘记5000美元”这一关口，因为金价的上涨动能远未耗尽，预计在2026年春季就将触及6000美元/盎司 。

官方数据显示，2025年中国查处违反中央八项规定精神问题29万余起。 中共政治局2012年12月召开会议，审议通过了《中央政治局关于改进工作作风、密切联系群众的八项规定》，主要内容包括改进调查研究、精简会议活动、精简文件简报、规范出访活动、改进警卫工作、改进新闻报道、严格文稿发表、厉行勤俭节约八个方面，一般简称“中央八项规定”或“八项规定”。 中央纪委国家监委网站星期三（1月28日）公布，全国共查处违反中央八项规定精神问题29万0752起，批评教育和处理37万5604人，其中党纪政务处分26万1788人。 从查处问题类型看，2025年，在履职尽责、服务经济社会发展和生态环境保护方面不担当、不作为、乱作为、假作为，严重影响高质量发展方面，共查处问题11万9418起，占查处的形式主义、官僚主义问题总数的84.7%。查处的违规收送名贵特产和礼品礼金、违规吃喝、违规发放津补贴或福利三类问题，分别占2025年查处的享乐主义、奢靡之风问题总数的54.5%、22.3%、12.1%。 从查处级别看，2025年，全国共查处省部级领导干部问题18起，地厅级领导干部问题1196起，县处级领导干部问题1万6368起，乡科级及以下干部问题27万3170起。其中，乡科级及以下干部问题占查处问题总数的94.0%。 中央纪委国家监委也说，去年12月全国共查处违反中央八项规定精神问题3万9236起，批评教育和处理4万8770人，其中党纪政务处分3万6441人。 中央纪委国家监委网站强调，2026年是“十五五”开局之年。各级纪检监察机关要强化正风肃纪，巩固拓展深入贯彻中央八项规定精神学习教育成果。要持续狠刹享乐主义、奢靡之风，对违规吃喝、违规收送礼品礼金等易发多发问题深化整治；对以调研考察、开展党建活动、培训的名义搞公款旅游，变相公款出国（境）旅游等问题严肃查处；对借民生项目违规建设楼堂馆所等新动向密切关注并纠治。 中央纪委国家监委网站也说，春节将近，要紧盯节日期间易发多发的违规吃喝、违规收送礼品礼金等突出问题持续做好监督，对顶风违纪问题依规依纪从严查处，确保节日风清气正。