Futures Rise Ahead Of Critical Nvidia Earnings US equity futures are higher into NVDA earnings release after the close, and the risk-on tone in the US yesterday has spread globally with tech giant's earnings a catalyst for maintaining the rally aided by Tech. As of 8:00am ET, S&P 500 futures were up 0.3% as with Nasdaq 100 contracts +0.4%; NVDA is up 0.6% in premarket trading and while blowout res...
Futures Rise Ahead Of Critical Nvidia Earnings US equity futures are higher into NVDA earnings release after the close, and the risk-on tone in the US yesterday has spread globally with tech giant's earnings a catalyst for maintaining the rally aided by Tech. As of 8:00am ET, S&P 500 futures were up 0.3% as with Nasdaq 100 contracts +0.4%; NVDA is up 0.6% in premarket trading and while blowout results from the company later today may soothe nerves about the AI trade, “even if they have tremendous numbers, we know the markets are really fickle,” said Mahoney Asset Management’s Ken Mahoney. Other Mag7s are also higher ex-AAPL and TSLA with Cyclicals bid, led by Fins/Industrials/Materials while Defensives mostly lower pre-mkt, ex-Healthcare, reflecting the risk-on tone. JPM says to keep an eye on Software if TMT gains positive momentum. European stocks rose 0.5%, hitting a record on a rebound in banks and miners. South Korea pushed past France in stock-market value.Bond yields are +1-3bp, the dollar slipped after President Donald Trump doubled down on his commitment to tariffs, before erasing the move, and commodities are bid led by Metals with precious outperforming base especially silver and platinum. Bitcoin rallied more than 2%. Gold and silver climbed. Today’s macro data releases are light (only Mortgage Applicatgions which rose 0.4%) ahead of tomorrow's jobless claims and Friday’s PPI, but with multiple Fedspeakers. Yesterday we saw better weekly ADP data, weaker regional Fed data, and improving consumer sentiment. In premarket trading, Magnificent Seven stocks are mostly higher, with Nvidia +0.8% ahead of its report (Alphabet +0.5%, Amazon +0.5%, Microsoft +0.3%, Meta Platforms +0.3%, Tesla +0.4%, Apple -0.2%). Lithium stocks are rising after Zimbabwe suspended exports of lithium concentrates and raw minerals. AbCellera Biologics (ABCL) rises 8% after the drug developer reported total revenue for the fourth quarter that was ahead of the average analyst estimate....
gorodenkoff/iStock via Getty Images Cipher Mining Inc. ( CIFR ) recently entered the AI data center race, so quarterly results were expected to be volatile until the business scales. The company has signed substantial leases for data centers, but investors have to be patient with leases not starting until end of this year. My investment thesis is more Bullish on the stock as the company scales AI ...
gorodenkoff/iStock via Getty Images Cipher Mining Inc. ( CIFR ) recently entered the AI data center race, so quarterly results were expected to be volatile until the business scales. The company has signed substantial leases for data centers, but investors have to be patient with leases not starting until end of this year. My investment thesis is more Bullish on the stock as the company scales AI power while the stock has traded sideways for the last few months. Source: Finviz Digital Transition Cipher Mining used the Q4 2025 earnings report as a time to rebrand the company as Cipher Digital going forward. The company has moved towards exiting the bitcoin mining business with the sale of non-core data center assets. Source: Cipher Mining Q4 2025 presentation The AI data center company reported a disappointing quarter with revenues of $60 million, missing analyst estimates by over $25 million due to lower bitcoin processes. The quarterly numbers aren't worth much analytical focus, with the new Cipher Digital planning to fully exit the bitcoin mining business producing those revenues. Cipher sold a 49% position in Alborz, Bear, and Chief mining sites and is working on retrofitting the Black Pearl facility to HPC. The only remaining assets are the Odessa site with the flexibility to continue bitcoin mining into July 2027 while evaluating a potential conversion to HPC for the 207 MW of power. The company has fully transitioned to the HPC hosting business. Cipher Digital has two major leases with AWS ( AMZN ) and Google ( GOOG ) via FluidStack. These contracts offer $9.3 billion in contracted leases over 10 to 15 years. The contracts start generating revenues in 2026 and will generate NOI averaging $669 million annually through 2035, with an exit NOI of $754. Most importantly, these long-term leases only cover 600 MW of gross capacity. Source: Cipher Mining Q4 2025 presentation The stock market has always fully understood that the new Cipher Digital has only monetized a ...
Earnings Call Insights: Merit Medical Systems (MMSI) Q4 2025 Management View Martha Aronson, President, CEO & Director, stated that "total revenue of $393.9 million, up 11% year-over-year on a GAAP basis and up 10% year-over-year on a constant currency basis." She emphasized that "constant currency revenue growth delivered in the fourth quarter exceeded the high end of the range of the growth expe...
Earnings Call Insights: Merit Medical Systems (MMSI) Q4 2025 Management View Martha Aronson, President, CEO & Director, stated that "total revenue of $393.9 million, up 11% year-over-year on a GAAP basis and up 10% year-over-year on a constant currency basis." She emphasized that "constant currency revenue growth delivered in the fourth quarter exceeded the high end of the range of the growth expectations that we outlined on the Q3 2025 earnings call." Aronson highlighted that organic constant currency growth was 6.6% in Q4, with contributions from acquisitions surpassing expectations. The CEO noted a "meaningful leadership change during the second half of the year" and pointed to strong performance across all major segments, with significant margin expansion and record free cash flow. Aronson introduced new financial guidance for 2026, focusing on "solid constant currency growth, year-over-year non-GAAP operating margin expansion and strong free cash flow generation." She also mentioned the divestiture of the DualCap product line for $28 million, aiming to free up resources for higher-margin and higher-growth products. Raul Parra, CFO & Treasurer, stated, "Fourth quarter total revenue growth of 10% was driven primarily by 9% growth in our Cardiovascular segment and, to a lesser extent, by 15% growth in our Endoscopy segment." Parra added, "Our non-GAAP operating margin increased 138 basis points year-over-year to 21%." The CFO detailed that "gross margin was 54.5%, up 103 basis points year-over-year and represents the highest quarterly gross margin in the company's history." Outlook 2026 guidance projects "total GAAP net revenue growth in the range of 6% to 8% year-over-year and 5% to 7% year-over-year on a constant currency basis, excluding an expected 80 basis point tailwind to GAAP growth from changes in foreign currency exchange rates." Non-GAAP diluted EPS for 2026 is expected to be in the range of $4.01 to $4.15, "up 5% to 8% year-over-year." The company expe...
TBE/iStock Editorial via Getty Images Novartis ( NVS ) on Wednesday announced plans to build its latest radioligand therapy (RLT) manufacturing site in Denton, Texas, as part of the Swiss drugmaker’s efforts to expand its U.S. operations. The new 46,000-square-foot facility is expected to become operational in 2028, adding to the company’s existing RLT sites in New Jersey, Indiana, and California,...
TBE/iStock Editorial via Getty Images Novartis ( NVS ) on Wednesday announced plans to build its latest radioligand therapy (RLT) manufacturing site in Denton, Texas, as part of the Swiss drugmaker’s efforts to expand its U.S. operations. The new 46,000-square-foot facility is expected to become operational in 2028, adding to the company’s existing RLT sites in New Jersey, Indiana, and California, as well as a newly announced site in Florida. It will mainly serve patients in the Southern U.S. as the RLT use broadens with FDA approval for earlier-line settings and additional tumor types, the company said. The construction of the new plant is scheduled to begin this year as part of Novartis’ ( NVS ) plans to boost its U.S. manufacturing and R&D footprint with a $23B investment over the next 4-5 years. More on Novartis Novartis: Value Price, Growth Pipeline Novartis AG 2025 Q4 - Results - Earnings Call Presentation Novartis AG (NVS) Q4 2025 Earnings Call Transcript Trump says tariffs prompt Novartis to expand U.S. manufacturing Novartis to sell 70.7% stake in Indian unit for $159M
The sounds of Afghan history are being erased to prevent music’s ‘moral corruption’ of the Afghan people. We can help keep Afghanistan’s music alive. Plus, Eliane Radigue’s deep listening, and the brilliance of Sinners’s score The horrors of the Taliban’s rule in Afghanistan are all-encompassing. New laws that effectively legalise domestic abuse means that every woman in the country now lives with...
The sounds of Afghan history are being erased to prevent music’s ‘moral corruption’ of the Afghan people. We can help keep Afghanistan’s music alive. Plus, Eliane Radigue’s deep listening, and the brilliance of Sinners’s score The horrors of the Taliban’s rule in Afghanistan are all-encompassing. New laws that effectively legalise domestic abuse means that every woman in the country now lives with the threat of state-sanctioned violence. In the context of the twin tragedies of the Taliban’s fundamentalist zealotry, and the rest of the world’s silence in the face of their atrocities, the fate of Afghanistan’s cultural life might seem a smaller catastrophe. Yet it’s equivalently devastating. The recent burning of hundreds of musical instruments and equipment – reported last week on Afghan National Television – is the latest stage of the Taliban morality police’s ongoing mission to destroy all these artefacts. Last week’s pyre included tablas and harmoniums, instruments that are the bedrocks of Afghanistan’s unique tradition of classical music, as well as keyboards and amplifiers. Continue reading...
Strategy (NASDAQ:MSTR) bought 592 Bitcoin (CRYPTO: BTC) for $39.8 million marking its 100th purchase announcement since August 2020, despite sitting on a $7 billion unrealized loss. The 100th Purchase Milestone Strategy sold 297,940 shares of common stock between February 17-22,...
Strategy (NASDAQ:MSTR) bought 592 Bitcoin (CRYPTO: BTC) for $39.8 million marking its 100th purchase announcement since August 2020, despite sitting on a $7 billion unrealized loss. The 100th Purchase Milestone Strategy sold 297,940 shares of common stock between February 17-22,...
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets. The financial co-operative is flush: it has more than C$4 billion ($2.9 billion) of available capital after a year in which surplus earnings — a measure of profitability before member dividends — rose ...
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets. The financial co-operative is flush: it has more than C$4 billion ($2.9 billion) of available capital after a year in which surplus earnings — a measure of profitability before member dividends — rose 14% to C$3.8 billion. “Scale is important when you look at the level of investment you need to do, whether it’s in artificial intelligence, security, digital transformation,” Chief Executive Officer Denis Dubois said in an interview. The firm spends C$2 billion per year on technology. “And if you don’t have the scale, it’s just hard to keep pace with that.” Desjardins has a pending deal for Toronto-based money manager Guardian Capital Group Ltd. , which will boost its wealth business to around C$300 billion of assets under management and advisement. Dubois set a goal to reach C$500 billion within five years. “Mergers and acquisitions will be part of the play to get there,” he said. Desjardins is among the largest retail financial institutions in Canada, with a C$510 billion balance sheet that makes it only a little bit smaller than Montreal-based rival National Bank of Canada — despite 65% of its business being in a single province, French-speaking Quebec. Dubois, an actuary who spent most of his career at Desjardins, succeeded Guy Cormier in September. He played a key role in the firm’s growth in insurance and wealth management, notably with the acquisition of State Farm General Insurance Co. ’s Canadian operations in 2015, which made it a significant player in home and auto insurance outside Quebec, and last year’s Guardian deal. Desjardins’ current Tier 1 capital ratio is near 24%, almost double that of Canada’s largest banks. “That means excess capital over C$4 billion we need to redeploy,” said Dubois, “so we’re in a position where we have the resources.” The credit un...
Adecco Group AG press release ( AHEXY ): Q4 Non-GAAP EPS of €0.76. Revenue of €5.96B (+3.1% Y/Y). More on Adecco Group AG Adecco Group AG 2025 Q4 - Results - Earnings Call Presentation Adecco Group: More Upbeat Expectations For 2026 Seeking Alpha’s Quant Rating on Adecco Group AG Historical earnings data for Adecco Group AG Dividend scorecard for Adecco Group AG
Adecco Group AG press release ( AHEXY ): Q4 Non-GAAP EPS of €0.76. Revenue of €5.96B (+3.1% Y/Y). More on Adecco Group AG Adecco Group AG 2025 Q4 - Results - Earnings Call Presentation Adecco Group: More Upbeat Expectations For 2026 Seeking Alpha’s Quant Rating on Adecco Group AG Historical earnings data for Adecco Group AG Dividend scorecard for Adecco Group AG
Here are the biggest calls on Wall Street on Wednesday: RBC initiates Eli Lilly at outperform RBC says the weight loss pharmaceutical maker is best positioned to fight obesity. "We favor Lilly ( TP $1,250) as our top momentum pick given its GLP-1 franchise strength and orforglipron oral launch." Bank of America downgrades Molson Coors to underperform from neutral Bank of America says the brewer's ...
Here are the biggest calls on Wall Street on Wednesday: RBC initiates Eli Lilly at outperform RBC says the weight loss pharmaceutical maker is best positioned to fight obesity. "We favor Lilly ( TP $1,250) as our top momentum pick given its GLP-1 franchise strength and orforglipron oral launch." Bank of America downgrades Molson Coors to underperform from neutral Bank of America says the brewer's outlook was weaker than expected. "We lower our price objective to $42 from $50, based on an unchanged ~9x P/E multiple 2027 EPS estimates. TAP's FY26 outlook was weaker than expected and, in our view, provided limited visibility into stabilizing volumes." MoffettNathanson reiterates Apple as neutral MoffettNathanson raised its price target on the iPhone maker. "Thanks to positive earnings revisions in the wake of Apple's strong December quarter, Apple's valuation is now more reasonable, in our view. We are raising our target price to $270 (from $241). We maintain our neutral rating." Rothschild & Co Redburn reiterates Nvidia as buy The firm said in an open letter to CEO Jensen Huang ahead of earnings that there are issues that Nvidia must address. "Six potential threats over the next 8 quarters. As we head into earnings and then GTC San Jose in March 2026, the market will be responsive to your perspective on six potential strategic threats." Goldman Sachs reiterates Advanced Micro Devices as neutral Goldman raised its price target to $240 per share from $215 following the chipmaker's deal with Meta Platforms on Tuesday. "On February 24th before the market open, AMD and Meta announced a strategic partnership to deploy 6GW of AMD GPUs over the next five years." Bank of America reiterates Amazon as buy Bank of America says sentiment will improve for Amazon once Amazon Web Services revenue accelerates. "Amazon shares are down 6% since 4Q earnings (vs the S & P 500 at +1%) as investors have questioned elevated sector investment levels and returns on AI spend. However, we think ...
Blackstone Secured Lending ( BXSL ) declares $0.77/share quarterly dividend , in line with previous. Forward yield 12.92% Payable April 24; for shareholders of record March 31; ex-div March 31. The company has now announced a dividend of $0.77 for eleven consecutive quarters. See BXSL Dividend Scorecard, Yield Chart, & Dividend Growth. More on Blackstone Secured Lending Blackstone Secured Lending ...
Blackstone Secured Lending ( BXSL ) declares $0.77/share quarterly dividend , in line with previous. Forward yield 12.92% Payable April 24; for shareholders of record March 31; ex-div March 31. The company has now announced a dividend of $0.77 for eleven consecutive quarters. See BXSL Dividend Scorecard, Yield Chart, & Dividend Growth. More on Blackstone Secured Lending Blackstone Secured Lending Fund. (BXSL) Presents at Bank of America Financial Services Conference 2026 Transcript Best Of Breed 12.5% Yield At A Big Discount: Blackstone Secured Lending Blackstone Secured Lending Fund Rates Hold After Peak Rates: Income Yes, Upside Limited Seeking Alpha’s Quant Rating on Blackstone Secured Lending Historical earnings data for Blackstone Secured Lending