Many electric vehicle (EV) companies promised to challenge the industry's established leaders. Lucid Group (LCID 0.25%) went public in July 2021 , before it had begun meaningful commercial vehicle deliveries. Yet investors were willing to value the company based mainly on its ambitious future production targets. The Amazon- and Ford-backed Rivian (RIVN +1.22%) also reached a market capitalization ...
Many electric vehicle (EV) companies promised to challenge the industry's established leaders. Lucid Group (LCID 0.25%) went public in July 2021 , before it had begun meaningful commercial vehicle deliveries. Yet investors were willing to value the company based mainly on its ambitious future production targets. The Amazon- and Ford-backed Rivian (RIVN +1.22%) also reached a market capitalization of $100 billion for a brief time after its November 2021 initial public offering. For a period, these companies were valued as if rapid scaling, expanding margins, and easy access to capital were assured. However, the environment has changed in 2026. Lucid and Rivian stocks are under pressure. Growth without profitability Lucid delivered 15,841 vehicles in 2025, up roughly 55% year over year. The company expects to deliver 25,000 to 27,000 vehicles in 2026. Expand NASDAQ : LCID Lucid Group Today's Change ( -0.25 %) $ -0.03 Current Price $ 9.81 Key Data Points Market Cap $3.2B Day's Range $ 9.55 - $ 9.91 52wk Range $ 9.12 - $ 33.70 Volume 102K Avg Vol 7.6M Gross Margin -9280.51 % Despite this growth trajectory, Lucid reported a net loss of $2.7 billion in fiscal 2025. It also generated negative free cash flow of around $3.8 billion in fiscal 2025, highlighting the heavy cash burn required to ramp up production capacity. Higher deliveries have not yet translated into positive free cash flows or sustainable margins. Rivian delivered 42,247 vehicles in fiscal 2025 and expects to deliver 62,000 to 67,000 cars in fiscal 2026. Expand NASDAQ : RIVN Rivian Automotive Today's Change ( 1.22 %) $ 0.18 Current Price $ 15.38 Key Data Points Market Cap $19B Day's Range $ 14.81 - $ 15.50 52wk Range $ 10.36 - $ 22.69 Volume 703K Avg Vol 36M Gross Margin -276.59 % While the company achieved its first full year of positive gross profit, it has still posted a net loss of $3.6 billion and negative free cash flow of $2.5 billion for fiscal 2025. Management expects negative adjusted earnings befo...
Key Points Lucid and Rivian are still loss-making, despite rising vehicle deliveries. Tesla generated $94.8 billion in revenues and remained profitable in fiscal 2025. Autonomy, recurring FSD subscriptions, and energy storage growth are key long-term catalysts for Tesla. These 10 stocks could mint the next wave of millionaires › Many electric vehicle (EV) companies promised to challenge the indust...
Key Points Lucid and Rivian are still loss-making, despite rising vehicle deliveries. Tesla generated $94.8 billion in revenues and remained profitable in fiscal 2025. Autonomy, recurring FSD subscriptions, and energy storage growth are key long-term catalysts for Tesla. These 10 stocks could mint the next wave of millionaires › Many electric vehicle (EV) companies promised to challenge the industry's established leaders. Lucid Group (NASDAQ: LCID) went public in July 2021 , before it had begun meaningful commercial vehicle deliveries. Yet investors were willing to value the company based mainly on its ambitious future production targets. The Amazon- and Ford-backed Rivian (NASDAQ: RIVN) also reached a market capitalization of $100 billion for a brief time after its November 2021 initial public offering. For a period, these companies were valued as if rapid scaling, expanding margins, and easy access to capital were assured. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » However, the environment has changed in 2026. Lucid and Rivian stocks are under pressure. Growth without profitability Lucid delivered 15,841 vehicles in 2025, up roughly 55% year over year. The company expects to deliver 25,000 to 27,000 vehicles in 2026. Despite this growth trajectory, Lucid reported a net loss of $2.7 billion in fiscal 2025. It also generated negative free cash flow of around $3.8 billion in fiscal 2025, highlighting the heavy cash burn required to ramp up production capacity. Higher deliveries have not yet translated into positive free cash flows or sustainable margins. Rivian delivered 42,247 vehicles in fiscal 2025 and expects to deliver 62,000 to 67,000 cars in fiscal 2026. While the company achieved its first full year of positive gross profit, it has still posted a net loss of $3.6 billion and negative f...
Ruslan Lytvyn/iStock via Getty Images I have made Kayne Anderson BDC, Inc. ( KBDC ) my largest BDC position almost since the very first moment when I saw and assessed its case, which dates back to October 2024. See Kayne Anderson BDC: Close To Being My Favorite Defensive BDC Pick - the first bullish article on KBDC on this platform (issued by me) that clearly highlights my rationale to go long her...
Ruslan Lytvyn/iStock via Getty Images I have made Kayne Anderson BDC, Inc. ( KBDC ) my largest BDC position almost since the very first moment when I saw and assessed its case, which dates back to October 2024. See Kayne Anderson BDC: Close To Being My Favorite Defensive BDC Pick - the first bullish article on KBDC on this platform (issued by me) that clearly highlights my rationale to go long here. Even though before the release of the Q4 2025 earnings report and the SaaS-driven drama I circulated a less bullish piece , I still made it clear that KBDC remains a defensive pick that should be considered by durable income investors. It was just that my position in KBDC had become disproportionate, and given the recent outperformance, I decided to redirect KBDC's dividends elsewhere. This is how KBDC has performed over the past month or so: YCharts It is quite obvious that some part of the market has recognized the underlying value and defense that KBDC brings to the table, especially in the context of SaaS fears. KBDC's alpha over the overall BDC sector ( BIZD ) is indeed impressive. Now, after digesting the Q4 earnings report, I have to say that all of my core thesis items on KBDC are working out just as I thought. It is definitely a good thing, as it provides yet another base of evidence for those investors who have been doubting KBDC to really consider integrating this name into their high-quality BDC portfolio. Let me explain. Thesis Review There have been only a handful of BDCs that have reported positive quarter-to-quarter NII per share movement. The reasons for that are the following and exactly in the order of what I've listed here: Headwinds from three interest rate cuts in late 2024. New and existing loan investment financings at tighter spreads. Non-accruals (not a system-wide issue, at least not yet). Because of these aspects, BDCs have suffered yet another quarter with a negative rate of change on the NII per share front. This has in turn triggered severa...
Ray Geiger DraftKings ( DKNG ) and Disney's ( DIS ) ESPN announced on Friday that they will enable customers to link their DraftKings Sportsbook and ESPN accounts to deliver a more personalized, streamlined betting and viewing experience. The feature was added just ahead of the men’s and women’s March Madness tournaments, which recently reached their highest viewership in over 30 years. Once live,...
Ray Geiger DraftKings ( DKNG ) and Disney's ( DIS ) ESPN announced on Friday that they will enable customers to link their DraftKings Sportsbook and ESPN accounts to deliver a more personalized, streamlined betting and viewing experience. The feature was added just ahead of the men’s and women’s March Madness tournaments, which recently reached their highest viewership in over 30 years. Once live, users can link accounts via a new "Bet Your Bracket" tab in the DraftKings ( DKNG ) app. Fans who create an ESPN Tournament Challenge bracket will then see betting options tailored to their bracket picks, along with customized suggestions and engagement opportunities throughout the tournament, plus one free month of ESPN Unlimited for those who link. The move is seen by both companies as a strategic step toward deeper integration, with DraftKings ( DKNG ) positioning it as part of its upcoming Super App strategy and ESPN highlighting future features such as in-app and web tracking of upcoming, live, and settled bets and personalized promotions based on users’ favorite teams, players, and fantasy rosters. Shares of DraftKings ( DKNG ) fell 1.6% on the day, while ESPN parent Disney ( DIS ) was down 1.7%. More on DraftKings DraftKings Inc. (DKNG) Analyst/Investor Day Prepared Remarks Transcript DraftKings Inc. (DKNG) Analyst/Investor Day - Slideshow DraftKings: Growth Is Slowing, Not Stopping DraftKings introduces a 'Super App' that combines sportsbook, predictions, casino, and lottery options DraftKings is coming to Arkansas as its reach hits 30 U.S. states
watch now VIDEO 11:42 11:42 Vast CEO Max Haot on raising $500M in new investment round News Videos Vast Space missed out on the first round of NASA awards for the next International Space Station , but that isn't stopping the company from going all in on stage two. CEO Max Haot told CNBC's Morgan Brennan this week that the company is betting on its "leapfrog strategy" and planning to build and lau...
watch now VIDEO 11:42 11:42 Vast CEO Max Haot on raising $500M in new investment round News Videos Vast Space missed out on the first round of NASA awards for the next International Space Station , but that isn't stopping the company from going all in on stage two. CEO Max Haot told CNBC's Morgan Brennan this week that the company is betting on its "leapfrog strategy" and planning to build and launch a successful space station to prove its capabilities. "If we do all of that, or are on the way to do that, I think it will be impossible to ignore for NASA in terms of the hardware that we have," he said. Vast, which is preparing to launch its Haven-1 commercial space station next year, raised $500 million in a funding round led by Balerion Space Ventures , with participation from Qatar's sovereign wealth fund. Last month, the company was also selected for NASA's sixth private astronaut mission to the ISS. The funding round comes during a critical time for space investing ahead of a possible mega initial public offering from SpaceX this year. This week, another startup, Sierra Space, closed a $550 million funding round , and both SpaceX and Rocket Lab had launches. Read more CNBC tech news AI's got a gender gap: Women are more skeptical Google joins Microsoft in telling users Anthropic is still available outside defense projects Samsung reveals first details of its AI smart glasses to CNBC Anthropic CEO says 'no choice' but to challenge Trump admin's supply chain risk designation in court Investors have been pouring more money into space technology as President Donald Trump sets his sights on returning the U.S. to the moon for the first time in 50 years. At the same time, private companies are racing to build components to support an ISS alternative ahead of its 2030 retirement. Congress is also working to allow NASA to operate the ISS until 2032. After months of leadership uncertainty, NASA finally secured Jared Isaacson as its administrator a year after Trump first no...
Earnings Call Insights: Granite Ridge Resources (GRNT) Q4 2025 Management View Tyler Farquharson, CEO & President, highlighted a strategic shift from a traditional nonoperated model to a capital allocator focused on the Permian Basin, stating this "is driving force behind our results." He announced average daily production increased 27% year-over-year to 35,100 barrels of oil equivalent per day fo...
Earnings Call Insights: Granite Ridge Resources (GRNT) Q4 2025 Management View Tyler Farquharson, CEO & President, highlighted a strategic shift from a traditional nonoperated model to a capital allocator focused on the Permian Basin, stating this "is driving force behind our results." He announced average daily production increased 27% year-over-year to 35,100 barrels of oil equivalent per day for Q4, with total production for the year up similarly to 32,000 barrels per day. Adjusted EBITDAX for the quarter was approximately $70 million, and capital expenditures were $127.5 million for Q4. The company maintained its quarterly dividend of $0.11 per share. Farquharson noted partnerships with four operator teams in the Permian, underscoring a scalable operator partnership strategy and proprietary deal flow, reviewing nearly 700 opportunities and investing $122 million across 107 transactions in 2025. He introduced Kyle Kettler as the new CFO, following a six-month search: "We couldn't be happier that Kyle decided to join us. He brings significant capital markets expertise and extensive network and a keen strategic perspective, that will be critical as we transition towards sustainable free cash flow in the next phase of Granite Ridge's development." R. Kettler, Chief Financial Officer, stated, "Granite Ridge is building something truly different, allocating capital and creating value from a platform that's unique in public and private E&P. I'm excited to be here." Kettler added, "For the fourth quarter, oil and natural gas sales totaled $105.5 million. Revenue was essentially flat compared to the prior year quarter because of commodity pricing. However, production grew an impressive 27% year-over-year." Outlook The company expects annual production in 2026 to average 35,000 barrels of oil equivalent per day, representing a 9% increase over 2025. Exit production in 2026 is projected to be essentially flat or modestly up from 2025. Oil volumes are forecast at approximat...
Panya Mingthaisong/iStock via Getty Images Investment Outlook Braze, Inc.’s ( BRZE ) stock has sold off in recent months along with the wider software sector on fears of generative AI disruption. I previously analyzed BRZE in November 2022 with a Hold outlook due to worsening operating losses. The company hasn’t made any progress on its high operating losses, isn’t shareholder-friendly in its capi...
Panya Mingthaisong/iStock via Getty Images Investment Outlook Braze, Inc.’s ( BRZE ) stock has sold off in recent months along with the wider software sector on fears of generative AI disruption. I previously analyzed BRZE in November 2022 with a Hold outlook due to worsening operating losses. The company hasn’t made any progress on its high operating losses, isn’t shareholder-friendly in its capital allocation choices, and has some risk of disruption from GenAI technologies. Given its lack of operating progress and other issues, my outlook on Braze is a bearish Sell. Braze’s Market And Approach Braze provides clients with a cloud-based customer communications and engagement platform via a SaaS revenue model. The company's system offers customers numerous channels to message their prospects, clients and other parties to maximize communication and collaboration. According to a market research report prepared by Grand View Research in 2024, the customer engagement solutions market was an estimated $23.4 billion in 2023 and was expected to exceed $50 billion by 2030. If achieved, this growth rate would represent a CAGR of 11.8% from 2024 to 2030, a fairly robust rate of growth for an already large market size. By region, North America held the highest market share in 2023 at 38.2%. The recent introduction of advanced analytics and generative AI technologies has enhanced offerings to clients just as they seek more effective tools for maximizing prospect interest and customer loyalty. The chart below shows the historical and expected growth trajectory of the US customer engagement solutions market through 2030, divided between solutions and services: Grand View Research Competitors in the customer engagement solutions market include: Adobe ( ADBE ) Klaviyo ( KVYO ) Calabrio Genesys IBM ( IBM ) NICE Hubspot ( HUBS ) Twilio ( TWLO ) Oracle ( ORCL ) Pegasystems ( PEGA ) Salesforce ( CRM ) SAP SE ( SAP ) Sprinklr ( CXM ) - partial overlap Iterable Other point solutions. Braz...
(RTTNews) - Ceconomy AG (MTTRY) announced on Friday, that Chief Executive Officer Kai-Ulrich Deissner has informed the company's Supervisory Board that he intends to step down from his role during 2026 for personal reasons. The company said its Supervisory Board will review Deissner's request and discuss succession planning for the CEO position at its upcoming meeting scheduled for March 12, 2026....
(RTTNews) - Ceconomy AG (MTTRY) announced on Friday, that Chief Executive Officer Kai-Ulrich Deissner has informed the company's Supervisory Board that he intends to step down from his role during 2026 for personal reasons. The company said its Supervisory Board will review Deissner's request and discuss succession planning for the CEO position at its upcoming meeting scheduled for March 12, 2026. CECONOMY added that further details regarding leadership transition will be determined following the board's deliberations. MTTRY is currently trading at $1.06, up $0.12 or 12.77 percent on the OTC Markets. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
alexsl As part of a broader review of life science and diagnostic tools stocks, Barclays upgraded contract research organizations IQVIA Holdings ( IQV ) and Medpace Holdings ( MEDP ) on Friday, noting that concerns over the AI-related disruption in the sector may be overdone. Medpace ( MEDP ) has lost more than 46% over the past 12 months, while IQVIA ( IQV ) has shed over 5% during the same perio...
alexsl As part of a broader review of life science and diagnostic tools stocks, Barclays upgraded contract research organizations IQVIA Holdings ( IQV ) and Medpace Holdings ( MEDP ) on Friday, noting that concerns over the AI-related disruption in the sector may be overdone. Medpace ( MEDP ) has lost more than 46% over the past 12 months, while IQVIA ( IQV ) has shed over 5% during the same period. “We think the sell-off has reset multiples to attractive levels and presents good entry points for both short-term and longer-term investors," Bloomberg reported, quoting Barclays analyst Luke Sergott. However, Sergott downgraded life sciences companies Avantor ( AVTR ) and Pacific Biosciences of California ( PACB ) to Underweight from Equal-weight. “AI likely has more impact on CROs than core tools, but we still think fears over AI’s disruption to CROs are overblown,” the analyst added as he upgraded IQVIA ( IQV ) and Medpace ( MEDP ) to Overweight from Equal-weight. “We think investor fears and the drop in IQV shares are overdone,” Sergott wrote on IQVIA ( IQV ), and he opined that Medpace ( MEDP ) stock warrants a premium and “it has meaningfully closed the gap vs. peers and is back to normal levels.” Regarding Avantor ( AVTR ), the analyst sees “less upside to shares vs. the group and thinks it may be some time before AVTR catches up as the turnaround story slowly takes shape over the course of many incremental announcements in the coming year(s).” Sergott also downgraded AI-driven drug discovery firm Certara ( CERT ) to Equal Weight from Overweight, noting, “It will be some time before we see durable valuation unlock in shares.” More on IQVIA, Medpace IQVIA Holdings: Still Exceeding Expectations As A Stealth Compounder IQVIA Holdings Inc. (IQV) Presents at Citi's 2026 Unplugged MedTech and Life Sciences Access Day Transcript Medpace Holdings, Inc. (MEDP) Q4 2025 Earnings Call Transcript Charles River announces divestitures, updates guidance Medpace outlines 2026 rev...
(RTTNews) - The Switzerland market turned in a weak performance on Friday, mirroring the trend across Europe, as rising concerns about the economic impact of the ongoing Middle East conflict deterred investors from picking up stocks. The benchmark SMI, which opened flat, dropped to a low of 12,994.29 around late afternoon and eventually ended the session at 13,095.55, with a loss of 202.75 points ...
(RTTNews) - The Switzerland market turned in a weak performance on Friday, mirroring the trend across Europe, as rising concerns about the economic impact of the ongoing Middle East conflict deterred investors from picking up stocks. The benchmark SMI, which opened flat, dropped to a low of 12,994.29 around late afternoon and eventually ended the session at 13,095.55, with a loss of 202.75 points or 1.52%. Amrize ended down 5.41%. Sika and Holcim drifted down by 3.65% and 3.3%, respectively. Geberit and Roche Holding closed nearly 3% down. UBS Group, Alcon, VAT Group, Kuehne + Nagel and Lonza Group lost 2%-2.5%. Sandoz Group, Swiss Life Holding, Partners Group, Helvetia Baloise Holding, Novartis, Zurich Insurance and Julius Baer also settled notably lower. Galderma Group, Lindt & Spruengli and Swisscom gained 0.5%-0.7%, while Nestle edged up marginally. Data released by the Swiss National Bank showed that its foreign exchange reserves fell to CHF 710 billion in February 2026, the lowest since May 2025, from an upwardly revised CHF 712 billion in the prior month. This marked the third successive decrease in foreign exchange reserves held by the central bank. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
MercadoLibre's (MELI 0.27%) stock fell after its earnings miss and fears of increasing competition from Amazon (AMZN 1.71%). While some investors soured on MercadoLibre, others see an opportunity to capitalize on strong and sustainable growth during this dip. There are five good reasons to buy MercadoLibre like there's no tomorrow. Let's find out why. Expand NASDAQ : MELI MercadoLibre Today's Chan...
MercadoLibre's (MELI 0.27%) stock fell after its earnings miss and fears of increasing competition from Amazon (AMZN 1.71%). While some investors soured on MercadoLibre, others see an opportunity to capitalize on strong and sustainable growth during this dip. There are five good reasons to buy MercadoLibre like there's no tomorrow. Let's find out why. Expand NASDAQ : MELI MercadoLibre Today's Change ( -0.27 %) $ -4.71 Current Price $ 1775.65 Key Data Points Market Cap $90B Day's Range $ 1738.77 - $ 1779.84 52wk Range $ 1654.24 - $ 2645.22 Volume 9K Avg Vol 584K Gross Margin 44.50 % High growth that's also sustainable In the fourth quarter of 2025, MercadoLibre's revenue grew 45% year over year to $8.7 billion. In 2025, the company grew its total revenue 39%. MercadoLibre is investing heavily in technology, logistics, and shipping abilities. These expenses negatively impacted short-term profitability, but in the long term, they will help MercadoLibre dominate multiple emerging markets. In Chile, Colombia, and Peru, growth was particularly strong in this latest quarter. Growth in Peru hit 57%. A fintech powerhouse MercadoLibre is so much more than just e-commerce. Its fintech segment, Mercado Pago, now has 78 million monthly active users. Moreover, its credit portfolio grew by 90% in the fourth quarter of 2025 to $12.5 billion. Mercado Pago is now a full-fledged digital bank in a region eager to get more people paying for goods and services online. MercadoLibre offers a suite of financial services, ranging from payments to loans, and the company continues to add stickiness to its platform. Exploring untapped markets Latin America is still in an early stage of e-commerce and digital banking adoption. MercadoLibre is fully taking advantage of this opportunity and providing the infrastructure these emerging markets need to get more and more people transacting online. This fact provides MercadoLibre with a multiyear runway for growth. An innovation leader MercadoLibre ann...
There are few stocks on the market today with opportunities that can rival those of MercadoLibre (NASDAQ: MELI). It has an excellent business and plenty of growth drivers, and it's even priced to perfection. Here are five reasons to buy it today. 1. E-commerce is still underpenetrated in Latin America MercadoLibre's core business is e-commerce. It's highly profitable, providing the capital for the...
There are few stocks on the market today with opportunities that can rival those of MercadoLibre (NASDAQ: MELI). It has an excellent business and plenty of growth drivers, and it's even priced to perfection. Here are five reasons to buy it today. 1. E-commerce is still underpenetrated in Latin America MercadoLibre's core business is e-commerce. It's highly profitable, providing the capital for the company to venture into faster-growing businesses. That said, the e-commerce business itself is still growing at a healthy pace. In the second quarter, gross merchandise volume increased 20% year over year, or 82% on a currency-neutral basis, and items sold increased 29%. That's a typical quarter. Management is still investing in its e-commerce segment, adding new features and programs to onboard suppliers and attract new members, improve logistics and delivery times, and offer more products to generate higher sales and engagement. But it's the organic growth as e-commerce grows in this region that's creating the most opportunities. E-commerce penetration is still lower in Latin America than in many other regions, and as it keeps rising, MercadoLibre is well-positioned to grab market share and keep growth rates high. 2. Fintech is just getting started Fintech is a similar story, but it presents even greater opportunities. MercadoLibre has developed a robust fintech segment that was born out of the need for its highly cash-reliant customer base to pay for goods without access to credit cards. That has expanded into a full-service digital financial app that offers credit products, investment accounts, digital payments, and more. The segment is growing even faster than e-commerce with total payment volume up 36% year over year, or 86% currency neutral, in the second quarter. The credit portfolio has become an incredible way for MercadoLibre to maximize its profits, and net interest margin was 31.1% last quarter. Digital financial services continue to take hold of Latin Americ...