vittaya pinpan/iStock via Getty Images Youdao ( DAO ), a developer and supplier of technologies needed to provide online learning content, applications, and solutions, responded well to comments made from its biggest shareholder, which resulted in the stock appreciating by 10.2% on February 20. DAO could have used the help because it allowed for DAO to recover the losses following the earlier rele...
vittaya pinpan/iStock via Getty Images Youdao ( DAO ), a developer and supplier of technologies needed to provide online learning content, applications, and solutions, responded well to comments made from its biggest shareholder, which resulted in the stock appreciating by 10.2% on February 20. DAO could have used the help because it allowed for DAO to recover the losses following the earlier release of the Q4 FY2025 report this month. However, while the stock is now only slightly down from where it was pre-earnings, a lot more needs to happen if the stock is to keep gaining since there is still a lot DAO needs to improve on if long DAO is to be warranted. DAO Has Gone Flat Even With a Lot of Volatility A previous article from November 2025 written by myself took note of a significant deterioration in the Q3 FY2025 report, which stood in contrast to the improvement in preceding quarterly results, though modest. DAO needed to show the report was an aberration and get back to improving the income statement, or there could be undesirable consequences for DAO and the stock itself. In the end, I opted to rate DAO a hold in the article. Source: Thinkorswim app The chart above shows how the stock is not far from where the stock traded after the previous article, but that is with a 10.2% gain on February 20. This happened after NetEase ( NTES ) held its earnings call after the release of its latest earnings report, which included upbeat comments about DAO, something that matters a lot since NTES is DAO's largest shareholder because it owns 9.3% of outstanding Class A shares and 74.1% of outstanding Class B shares. NTES is not only DAO's largest shareholder by far, with about 67.2% of voting power, but the two also cooperate in a number of areas, including in terms of AI. NTES has also provided much-needed short-term loans to DAO to shore up its finances. The comments made by NTES suggest it continues to back DAO, which is important because if DAO needs financial support, it...
Ellington Financial press release ( EFC ): Q4 adjusted distributable earnings of $0.47 beats by $0.01 . Revenue of $146.65M (+103.8% Y/Y) beats by $14.58M . More on Ellington Financial Ellington Financial's Historical Value Creation May Offer Insights Into Its Future Returns Ellington Financial: 8.5% Yielding Preferred Shares Look Best For Income Investors Ellington Financial: A Sound mREIT, But T...
Ellington Financial press release ( EFC ): Q4 adjusted distributable earnings of $0.47 beats by $0.01 . Revenue of $146.65M (+103.8% Y/Y) beats by $14.58M . More on Ellington Financial Ellington Financial's Historical Value Creation May Offer Insights Into Its Future Returns Ellington Financial: 8.5% Yielding Preferred Shares Look Best For Income Investors Ellington Financial: A Sound mREIT, But The Preferred Shares Stand Out On A Risk-Adjusted Basis Ellington Financial Q4 2025 Earnings Preview Ellington Financial prices $118.5M stock offering
Societe Generale SA has hired two senior people for its business selling credit products in Japan, as opportunities in the country spur global banks to expand their local presence. Mihiro Motegi joined the French firm’s investment banking unit in Tokyo from Banco Santander SA this month as a managing director, according to people familiar with the matter. He will lead sales of credit investments, ...
Societe Generale SA has hired two senior people for its business selling credit products in Japan, as opportunities in the country spur global banks to expand their local presence. Mihiro Motegi joined the French firm’s investment banking unit in Tokyo from Banco Santander SA this month as a managing director, according to people familiar with the matter. He will lead sales of credit investments, including those tied to overseas corporate loans as well as asset-backed securities, to major Japanese financial companies. Societe Generale Securities Japan Ltd. also added Takekazu Hiramatsu , a former UBS Group AG trader of structured credit products, for a senior role that involves tailoring investments tied to interest rates, foreign exchange and credit markets for clients, the people said, asking not to be identified because the information is private. The unit plans to recruit one more senior salesperson in the coming months, one of the people said. Meanwhile, Naoyuki Kumon , who has led sales for regional banks at the Japanese subsidiary since 2021 according to his LinkedIn page , is leaving, one of the people said. Societe Generale confirmed the hiring of Motegi and Hiramatsu in an emailed statement, while declining to comment on Kumon’s departure. Kumon also declined to comment. The latest moves bring Societe Generale’s senior hires in Tokyo since late 2024 to at least seven, highlighting Japan’s growing importance to the lender as it steps up efforts to boost fixed-income operations worldwide. Banks in countries from Canada to Spain have been competing for talent in Japan, where a market revival is fueling demand for financial services. BBVA Plans to Start Japan Brokerage in First for Spanish Bank Bank of Montreal Hires Ex-Barclays Bankers for Japan Push Citigroup, Daiwa Are Latest to Expand Japan Dealmaking Teams Societe Generale Securities Japan has been adding veteran salespeople for interest-rate products, foreign exchange and derivatives. Now it’s focusing o...
Ferrovial SE press release ( FER ): FY Revenue of €9.63B (+5.2% Y/Y). Adjusted EBITDA reached €1.5 billion, a 12.2% rise year over year in like-for-like terms. Net profit amounted to €888 million in 2025 compared to €3.2 billion a year earlier, when the company accounted for capital gains from assets rotation. More on Ferrovial SE Ferrovial: Current Valuation Is Unattractive, Hold Until 2026 Seeki...
Ferrovial SE press release ( FER ): FY Revenue of €9.63B (+5.2% Y/Y). Adjusted EBITDA reached €1.5 billion, a 12.2% rise year over year in like-for-like terms. Net profit amounted to €888 million in 2025 compared to €3.2 billion a year earlier, when the company accounted for capital gains from assets rotation. More on Ferrovial SE Ferrovial: Current Valuation Is Unattractive, Hold Until 2026 Seeking Alpha’s Quant Rating on Ferrovial SE Historical earnings data for Ferrovial SE Dividend scorecard for Ferrovial SE Financial information for Ferrovial SE
Nvidia may have made its immense fortune on the back of specialized graphics processing units (GPUs) used to power artificial intelligence servers, but CEO Jensen Huang is increasingly professing his love for the more generalist CPU. The CPU, or central processing unit, was for decades traditionally viewed as the main brain of a computer - a product most associated with Intel or sometimes Advance...
Nvidia may have made its immense fortune on the back of specialized graphics processing units (GPUs) used to power artificial intelligence servers, but CEO Jensen Huang is increasingly professing his love for the more generalist CPU. The CPU, or central processing unit, was for decades traditionally viewed as the main brain of a computer - a product most associated with Intel or sometimes Advanced Micro Devices. Huang is fond of saying that where once 90% of computing used to happen on CPUs and 10% on chips like his, the ratio had flipped in recent years.