Earnings Call Insights: Rand Capital (RAND) Q4 2025 Management View CEO Daniel Penberthy highlighted that 2025 was a year of "disciplined execution and capital allocation," with a focus on balance sheet strength and risk management over sheer growth. Penberthy stated, "We closed the year with more than $23 million of total liquidity and no debt outstanding. That gives us significant flexibility an...
Earnings Call Insights: Rand Capital (RAND) Q4 2025 Management View CEO Daniel Penberthy highlighted that 2025 was a year of "disciplined execution and capital allocation," with a focus on balance sheet strength and risk management over sheer growth. Penberthy stated, "We closed the year with more than $23 million of total liquidity and no debt outstanding. That gives us significant flexibility and allows us to move decisively as market conditions improve and compelling opportunities present themselves." Penberthy reported capital recycling as a core aspect of Rand’s model, noting "we generated approximately $17.8 million from repayments and select realizations, while deploying $6.6 million into new and follow-on investments." The CEO detailed a net asset value per share of $17.57 at year-end, with valuation adjustments impacting NAV, particularly due to Tilson Technology’s bankruptcy, but emphasized a "transparent and conservative approach" to valuations. Penberthy reiterated Rand’s commitment to shareholder returns, referencing a total cash dividend payout of $1.72 per share for 2025, including a special dividend of $0.56 per share declared in Q4, and announced the Q1 2026 dividend of $0.29 per share. The portfolio had a fair value of $48.5 million across 20 companies, with 79% in debt investments at year-end, reflecting a shift toward income generation and an annualized weighted average yield of 11.3% on debt investments. Penberthy identified a new $3.25 million investment in Bauer Sheet Metal and Fabricating, including a 13% term loan and warrants representing 12% ownership interest. The CEO noted, "We are positioned to scale the portfolio prudently and pursue attractive risk-adjusted returns as the M&A environment continues to evolve." CFO Margaret Brechtel stated, "Total investment income was $1.3 million, down 40% compared with the prior year period. The decrease primarily reflects a 46% reduction in interest income due to the repayment of 5 debt instruments ...
Coneyl Jay/DigitalVision via Getty Images Karman Holdings Inc. ( KRMN ) is positioned across multiple fronts to deliver substantial growth over the coming years, particularly following its recently closed acquisition of Seemann Composites and Materials Sciences Corporation. With operations supporting missile defenses, hypersonic missile development, unmanned aerial vehicles and counter-UAVs, and m...
Coneyl Jay/DigitalVision via Getty Images Karman Holdings Inc. ( KRMN ) is positioned across multiple fronts to deliver substantial growth over the coming years, particularly following its recently closed acquisition of Seemann Composites and Materials Sciences Corporation. With operations supporting missile defenses, hypersonic missile development, unmanned aerial vehicles and counter-UAVs, and marine, I believe Karman should realize multiple growth tailwinds over the coming years. Given the heightened demand for munitions replenishment and marine vessels, I am recommending KRMN shares with a Strong Buy rating with a price target of $117/share at 68.92x eFY26 EV/aEBITDA. Karman Holdings Operational Update Corporate Filings The big announcement for q4’25 was the acquisition of Seemann Composites and Materials Sciences Corporation, closing on February 5, 2026. Seemann Composites and MSC were acquired to advance Karman’s capabilities in deep-sea and deep-space technology, establishing a Maritime Defense Systems market segment. Seemann has a long history of developing composites for surface and submarine as a critical supplier of the US Navy. The acquisition was for a sum of $220mm, $210mm of which was in cash and $10mm in common stock. I believe that the deal is particularly appealing for two reasons: Increased focus on domestic shipbuilding. Advancing materials production for launch vehicles, particularly for hypersonic missiles. Seemann brings a variety of capabilities like resin infusion, automated fiber placement, fabric weaving, fatigue tests, and 3D printing. These programs should complement Karman’s resin solutions in becoming a more vertically integrated materials producer for applications like solid rocket motor nozzles and submarine bow domes that require significant temperature resistance. On April 9, 2025 , President Donald Trump signed an executive order to bolster domestic shipbuilding capabilities in order to rebuild US naval vessels. Though this is an ...
Amazon is starting to roll out its redesigned Fire TV mobile app to customers, the company announced on Thursday. While you could previously only use the app as a backup remote, the updated experience lets you browse and discover content directly from your phone, manage your watchlist on the go, and play titles on your TV from the mobile app. “The updated app turns smartphones into a second screen...
Amazon is starting to roll out its redesigned Fire TV mobile app to customers, the company announced on Thursday. While you could previously only use the app as a backup remote, the updated experience lets you browse and discover content directly from your phone, manage your watchlist on the go, and play titles on your TV from the mobile app. “The updated app turns smartphones into a second screen for discovering what to watch next, making it easy to add a friend’s show recommendation to a watchlist even when away from home,” Amazon wrote in an email to TechCrunch. “This seamless integration between mobile and TV creates a more flexible and convenient viewing experience for Fire TV customers to find what they want to watch, fast.” The app is rolling out now in the U.S., Brazil, Canada, France, Germany, India, Italy, Japan, Mexico, Spain, and the U.K. Image Credits:Amazon Amazon says the refreshed look matches the new Fire TV user interface that it launched last month, which was designed to put more focus on content, while also simplifying navigation. The updated user interface introduced rounded corners, varied gradients, consistent typography, and increased spacing between content, while also providing more room for pinned apps. The top navigation bar has been simplified into categories marked with clear icons for Movies, TV, Live TV, Sports, and News. The search button is more easily accessible to the left of the Home tab. Within these tabs, Fire TV shows the content you’re already watching alongside recommendations from your subscribed services, organized in rows labeled “For You.” The tabs also feature free movies, top movies and shows, and other paid content you might like. The changes to the app and the user interface come in response to the surge of streaming content, which has made it harder to keep track of what’s available on each service, requiring platforms like Fire TV to function more as discovery hubs rather than just places to launch streaming apps.
J Studios/DigitalVision via Getty Images SentinelOne, Inc. ( S ) heads into FQ4 earnings with the stock oddly not trading down much over the last week due to the AI replacement fears. The cybersecurity stock was already trading substantially lower over the last 6 months due to fears unexplained by the financial results. My investment thesis is ultra Bullish on SentinelOne, with signs some AI-relat...
J Studios/DigitalVision via Getty Images SentinelOne, Inc. ( S ) heads into FQ4 earnings with the stock oddly not trading down much over the last week due to the AI replacement fears. The cybersecurity stock was already trading substantially lower over the last 6 months due to fears unexplained by the financial results. My investment thesis is ultra Bullish on SentinelOne, with signs some AI-related acquisitions are paying off. Source: Finviz AI Threats Cybersecurity firms spent the last week explaining why the sector isn't going to be replaced by Claude Code. Heading into the week, cybersecurity was a sector expected to greatly benefit from the growth of AI and agentic AI to protect corporate platforms and data, but a lot of the leading stocks had produced big losses. In fact, the stock crashes of sector leaders got so bad CrowdStrike ( CRWD ) CEO George Kurtz took to social media to explain the business wasn't going to be upended by vibe coding. Even Claude seems to suggest Anthropic isn't going to replace cybersecurity products. Source: Twitter/X As highlighted in the last earnings call , SentinelOne has now seen the business completely shift away from endpoint security. The cybersecurity company now has ~50% of quarterly bookings from other areas like data, Purple AI, and Cloud Security Services. SentinelOne gets high scores for AI security via Purple AI and a new emerging threat in agentic AI via the acquisition of Prompt Security back in 2025. Software Analyst Cyber Research listed the company as a leader in Unified Agentic Defense Platforms (UADP), right behind the much larger Palo Alto Networks ( PANW ). Source: Software Analyst Cyber Research Even research from Oppenheimer provided indications that SentinelOne saw strong growth to start 2026 after ending 2025 on a strong note. The analyst noted the partner checks actually showed the business growing at a high 20% growth rate, with Purple AI beating the Charlotte AI solution from CrowdStrike. Big Quarter Nex...
Indiana Governor Signs Bill Allowing Crypto In Retirement Plans Authored by Stephen Katte via Cointelegraph , Indiana will start allowing certain retirement and savings plans to include crypto investments and has enacted stronger legal protections for the crypto industry under a newly signed bill. Governor Mike Braun signed House Bill 1042 into law on Tuesday, after it passed the legislature last ...
Indiana Governor Signs Bill Allowing Crypto In Retirement Plans Authored by Stephen Katte via Cointelegraph , Indiana will start allowing certain retirement and savings plans to include crypto investments and has enacted stronger legal protections for the crypto industry under a newly signed bill. Governor Mike Braun signed House Bill 1042 into law on Tuesday, after it passed the legislature last Thursday . The legislation requires Indiana’s state public retirement and savings plans to offer self-brokerage accounts with at least one crypto investment option by July 2027. According to the bill’s description, this requirement applies to the legislators’ defined contribution plan, the Hoosier START plan, certain public employees’ retirement funds, and specified teachers’ retirement fund plans. More institutions are adopting digital assets, with Bitbo estimating that over 3.7 million Bitcoin (worth $258 billion) are held by publicly traded and private companies, exchange-traded funds and governments. Protections for crypto payments and mining The bill also includes provisions to protect the rights of crypto users. Under the legislation, public agencies — except the Department of Financial Institutions — are barred from adopting or enforcing rules that ban crypto payments, self-custody or mining. The bill also clarifies that a money transmitter license isn’t required for apps and software protocols that allow non-custodial transfers. Local governments, such as counties, municipalities, or townships, also can’t single out crypto mining businesses or home miners with special restrictions not applied to similar businesses or activities in the same zoning area. Noise from crypto mining operations has caused friction in other states. Residents in Hood County, Texas, attempted to form a new municipality to regulate noise from a local mining facility last year. Access to retirement funds a boon for crypto At the federal level, President Donald Trump’s August executive order “De...
March is turning out to be a miserable month to own UPS (UPS 5.65%) stock. Shares of the package transportation giant declined each trading day so far this month -- and even longer. Stretching back into February, UPS is down five trading days in a row, including Thursday's 6.2% drop through 2:40 p.m. ET. But don't blame Raymond James. This Wall Street analyst is doing its best to buck up UPS's sto...
March is turning out to be a miserable month to own UPS (UPS 5.65%) stock. Shares of the package transportation giant declined each trading day so far this month -- and even longer. Stretching back into February, UPS is down five trading days in a row, including Thursday's 6.2% drop through 2:40 p.m. ET. But don't blame Raymond James. This Wall Street analyst is doing its best to buck up UPS's stock price. RJ hearts UPS Reiterating his $127 price target on UPS today, reports StreetInsider.com, Raymond James analyst Patrick Tyler Brown argues UPS is a "buy" despite warning investors it will experience zero revenue growth -- and worse profit margins than feared -- in H1. Growth may not happen in H1, says Brown. But H2 should see "low-single-digit y/y growth" and substantially higher operating margins of 11.5% as the company recovers from its "deliberate exit from low-value, retailer-controlled last-mile volume" work for customers such as Amazon.com, and replaces this revenue with more profitable work. At the same time, UPS is reconfiguring its network to, among other things, favor use of automated facilities that offer "27% better productivity vs. non-automated." Ultimately, the analyst sees UPS emerging from this realignment, focusing its business on providing "premium service" and enjoying "better customer economics," leading to renewed sales growth and better profits. Expand NYSE : UPS United Parcel Service Today's Change ( -5.65 %) $ -6.24 Current Price $ 104.26 Key Data Points Market Cap $94B Day's Range $ 103.25 - $ 110.44 52wk Range $ 82.00 - $ 123.70 Volume 548K Avg Vol 6M Gross Margin 18.53 % Dividend Yield 5.94 % Is UPS stock a buy? And Raymond James may be right about that. With its stock price down 8% over the past year, UPS stock isn't much to look at right now. But the shares sell for under 17 times earnings, pay a dividend yield of nearly 6%, and are expected to grow earnings at 9% over the next five years. With numbers this cheap, it won't take much im...
Key Points Raymond James analyst Patrick Tyler Brown doubled down on his UPS buy rating today. UPS may not grow much in H1, says the analyst, but by H2 growth should resume. 10 stocks we like better than United Parcel Service › March is turning out to be a miserable month to own UPS (NYSE: UPS) stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-...
Key Points Raymond James analyst Patrick Tyler Brown doubled down on his UPS buy rating today. UPS may not grow much in H1, says the analyst, but by H2 growth should resume. 10 stocks we like better than United Parcel Service › March is turning out to be a miserable month to own UPS (NYSE: UPS) stock. 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 » Shares of the package transportation giant declined each trading day so far this month -- and even longer. Stretching back into February, UPS is down five trading days in a row, including Thursday's 6.2% drop through 2:40 p.m. ET. But don't blame Raymond James. This Wall Street analyst is doing its best to buck up UPS's stock price. RJ hearts UPS Reiterating his $127 price target on UPS today, reports StreetInsider.com, Raymond James analyst Patrick Tyler Brown argues UPS is a "buy" despite warning investors it will experience zero revenue growth -- and worse profit margins than feared -- in H1. Growth may not happen in H1, says Brown. But H2 should see "low-single-digit y/y growth" and substantially higher operating margins of 11.5% as the company recovers from its "deliberate exit from low-value, retailer-controlled last-mile volume" work for customers such as Amazon.com, and replaces this revenue with more profitable work. At the same time, UPS is reconfiguring its network to, among other things, favor use of automated facilities that offer "27% better productivity vs. non-automated." Ultimately, the analyst sees UPS emerging from this realignment, focusing its business on providing "premium service" and enjoying "better customer economics," leading to renewed sales growth and better profits. Is UPS stock a buy? And Raymond James may be right about that. With its stock price down 8% over the past year, UPS stock isn't much to look at right now. But t...
Astera Labs has slumped nearly 30% so far into 2026 but this formerly red-hot semiconductor stock is worth a second look. Shares pulled back as recently as February after Astera announced the hiring of a new chief financial officer.
Astera Labs has slumped nearly 30% so far into 2026 but this formerly red-hot semiconductor stock is worth a second look. Shares pulled back as recently as February after Astera announced the hiring of a new chief financial officer.
In this video, I will cover the recent updates regarding Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 4, 2026. The video was published on March. 5, 2026. Will AI create the world's first trillionaire? Our team just released a report on the one little...
In this video, I will cover the recent updates regarding Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 4, 2026. The video was published on March. 5, 2026. 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 » Should you buy stock in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $532,066!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,122,072!* Now, it’s worth noting Stock Advisor’s total average return is 959% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 5, 2026. Neil Rozenbaum has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect ...
A handful of banks recently rewarded savers parking cash in a certificate of deposit with a little more yield, according to Morgan Stanley. Select banks under the firm's coverage lifted the highest rates they were willing to offer on CDs, meaning that savers have another opportunity to lock in sweet yields in the event the Federal Reserve resumes its rate cuts. Of the 35 banks that Morgan Stanley ...
A handful of banks recently rewarded savers parking cash in a certificate of deposit with a little more yield, according to Morgan Stanley. Select banks under the firm's coverage lifted the highest rates they were willing to offer on CDs, meaning that savers have another opportunity to lock in sweet yields in the event the Federal Reserve resumes its rate cuts. Of the 35 banks that Morgan Stanley covers, six raised their top CD rate in February, analyst Betsy Graseck found in a Thursday report. Last month, the average highest rate was up 4 basis points to 3.68%. One basis point is equal to one one-hundredth of a percentage point. Graseck pointed to two factors behind the increase: First, less certainty around the Fed's future path for rate cuts. The fed funds target rate currently sits at 3.5% to 3.75% following a trio of cuts in late 2025. Policymakers in January said that while the unemployment rate has shown signs of stabilizing, inflation remains "somewhat elevated." Second, banks are also seeing improving loan growth, Graseck said. When borrowing activity picks up, banks become more profitable and they generate more net interest income – that is, the difference between the income they earn from loans and what they pay for customers' deposits. See below for a list of banks still offering rates of 4% or greater on CDs as of Thursday afternoon. Maturities will vary. Bread Financial , which once offered an annual percentage yield exceeding 5% on its 12-month CD, is offering a 4.15% yield on a nine-month CD. Bread's 12-month CD currently pays a rate of 3.75%. For investors with a 12-month time horizon, Marcus by Goldman Sachs is offering a 4% yield, while Synchrony Financial has a 14-month CD with a 4.1% yield. Be aware that while CDs allow investors to lock in rates for a set period, they will have to prepare for the likelihood that fewer rich options will be available at maturity. Renewal rates on CDs may also be much lower than the yield originally offered. In th...
This article first appeared on GuruFocus. JD.com (NASDAQ:JD) has reported its first quarterly loss in nearly four years, reflecting the growing financial strain from its expansion into China's competitive food delivery market even as policymakers attempt to revive consumer spending. For the quarter ended December, the Chinese e-commerce company recorded a net loss of 2.7 billion yuan, marking its ...
This article first appeared on GuruFocus. JD.com (NASDAQ:JD) has reported its first quarterly loss in nearly four years, reflecting the growing financial strain from its expansion into China's competitive food delivery market even as policymakers attempt to revive consumer spending. For the quarter ended December, the Chinese e-commerce company recorded a net loss of 2.7 billion yuan, marking its first quarterly deficit since 2022. Revenue rose 1.5% to 352.3 billion yuan, slightly ahead of the 349.9 billion yuan average estimate, while shares moved about 1% higher in extended trading. The results come as China continues to grapple with subdued consumer confidence despite policy efforts aimed at supporting household spending. Authorities have introduced subsidies designed to encourage purchases of big-ticket items such as home appliances, and Premier Li Qiang reiterated plans to strengthen domestic consumption in the government's annual work report delivered in Beijing. However, broader retail indicators suggest demand could still be under pressure, with national home-appliance retail sales declining 18% in the fourth quarter, a trend that may have limited overall growth despite steadier performance in general merchandise and logistics. At the same time, JD is allocating substantial resources to compete with Alibaba Group Holding (NYSE:BABA) and Meituan in the country's food-delivery market, where companies have been offering large subsidies to attract users. The company recently indicated it aims to capture around 30% of China's food delivery market by the end of the year, up from more than 15%. Meanwhile, China's antitrust regulator has begun examining competition practices across the sector, while JD is also expanding internationally by rolling out its JoyExpress express delivery service in Europe and preparing to launch its Joybuy online retail platform in the region.
We’re into March, and volatility has returned to markets. Geopolitics aren’t helping. The Dow Jones Industrial Average is down 2.24% today on fears the Iran War could lead to a prolonged increase in oil prices. What stocks in the Magnificent 7 could provide shelter if the market keep selling off? Let’s look at which stocks performed ... Magnificent 7 Stock Report: Apple Leads, NVIDIA Fades, Micros...
We’re into March, and volatility has returned to markets. Geopolitics aren’t helping. The Dow Jones Industrial Average is down 2.24% today on fears the Iran War could lead to a prolonged increase in oil prices. What stocks in the Magnificent 7 could provide shelter if the market keep selling off? Let’s look at which stocks performed ... Magnificent 7 Stock Report: Apple Leads, NVIDIA Fades, Microsoft Crashes
Amazon.com Inc. ’s website and mobile app malfunctioned for some users on Thursday, with critical features like product listings and checkout options producing error pages. Downdetector, which tracks user reports of outages, reported a spike in complaints about the world’s largest online retailer at about 2 p.m. New York time. “We’re sorry that some customers may be experiencing issues while shopp...
Amazon.com Inc. ’s website and mobile app malfunctioned for some users on Thursday, with critical features like product listings and checkout options producing error pages. Downdetector, which tracks user reports of outages, reported a spike in complaints about the world’s largest online retailer at about 2 p.m. New York time. “We’re sorry that some customers may be experiencing issues while shopping,” Jennie Bryant, an Amazon spokesperson, said in an emailed statement. “We appreciate customers’ patience as we work to resolve the issue.” Amazon Web Services, the company’s cloud-computing unit, has been working this week to restore services at data centers in the United Arab Emirates and Bahrain that were damaged by drone strikes, but on Thursday reported no new issues likely to cause problems for Amazon’s retail services in North America, according to the AWS service health page . Bryant said AWS was functioning normally.