Source: Bloomberg, 41:15

格隆汇4月4日｜据俄罗斯卫星网4月4日消息，伊朗驻开罗外交使团团长莫杰塔巴·费尔多乌西普尔在接受该媒体采访时称，伊朗倾向于通过外交途径解决问题，但美国和以色列曾在谈判期间两次对伊朗发动袭击。费尔多乌西普尔称，"我们在危机期间始终秉持外交手段。2025年我们曾坐在谈判桌前，但当时美国和以色列袭击了我们。此后在达成协议方面取得进展，但随后袭击事件再次发生。"美国和以色列于2月28日开始对伊朗境内目标实施打击。伊朗对以色列领土及美国在中东的军事目标进行回击。

A student who featured in a controversial Hong Kong documentary has said she did not give her consent to it being shown at an Italian film festival, reiterating her objection to it being screened publicly. Ah Ling, one of six students who featured in the coming-of-age documentary To My Nineteen-Year-Old Self, said she was only notified by Ying Wa Girls’ School on Friday that the film would be screened at the Far East Film Festival in Udine, Italy, this month. The school also did not address her...

This tech stock is moving from development to execution, and investors are taking notice.

Key PointsPoet Technologies reported fourth-quarter 2025 financial results this week.

SCM Jeans/iStock Editorial via Getty Images Good investments have to survive the test of time. While many companies perform well during good times, an extended sell-off is often a good way to stress-test a financial choice. Even though economic growth rates remain stable, most corporations are no longer able to rely on what have shown to be unreliable price increases over the last several years, and many of these companies are seeing minimal organic growth as well. Few corporations have struggled more since COVID and the pandemic era shutdowns ended than United Parcel Services ( UPS ). The carrier saw record-high revenues in 2021 and 2022, when UPS made nearly $100 billion that year. Data by YCharts UPS has offered investors total returns of negative 29.26 percent over the last 5 years, while the S&P 500 ( SPY ) has offered investors total returns of 75.17 percent during the same time period. The carrier has consistently and significantly underperformed the broader indexes for several years now. I last wrote about the United Parcel Services in January of 2026, and I rated the company a strong sell. Today, I am reiterating my strong sell rating of the carrier. The company's turnaround plan is not showing substantive progress of achieving the core goal of both increasing margins while also driving substantive revenue and earnings growth. The recent price shock in the oil market also further shows how vulnerable the company's fragile profitability levels are to rising costs as well. UPS still looks overvalued. UPS reported fourth-quarter earnings per share normalized actual $2.38 and revenue actual of $24.48 billion, beating lowered expectations of nearly $24 billion and $2.20 a share. The United Parcel Services gets nearly 76 percent of the company's revenues from the US market and 67 percent of revenues from domestic shipping within the United States. The company also stated domestic revenue per piece increased by 8.3 percent while the carrier's volumes predictably d...

I was quite surprised to see shares of Arm Holdings (NASDAQ:ARM) rocketing higher after the release of its AGI CPU. Indeed, perhaps the enthusiasm and euphoria were more to do with the “AGI” part of the naming than anything else. With shares starting to fluctuate wildly in both directions after the big spike, questions linger ... Arm Holdings: The Chip Designer Drawing NVIDIA Comparisons—Is It Justified?

Getty Images Asset managers have taken a beating as of late, with big players like Blackstone ( BX ), Ares Management ( ARES ), and Blue Owl Capital Inc. ( OWL ) trading at fractions of their 52-week highs. While the market is concerned around their exposure software companies in private credit portfolios, asset managers of all stripes have also been dragged down with them. In other words, I believe the ‘baby has been thrown out with the bathwater’, resulting in bargain opportunities in this sector. This brings me to Brookfield Asset Management ( BAM ), which is more focused on infrastructure assets. At the current price of $44.45, trades near its 52-week low while supporting a +4% dividend yield, as shown below. BAM Stock 1-Yr Trend (Seeking Alpha) In this article, I highlight BAM including its operating fundamentals, and discuss why it’s currently a solid buy for income and total returns, so let’s dive in! Why BAM? Brookfield Asset Management is one of the world’s largest alternative investment platforms, specializing in real assets such as infrastructure, renewable power, real estate, private equity, and credit. It focuses on long-duration, cash-generating assets that are essential to the global economy. BAM’s client base includes institutional investors, insurance platforms, and increasingly individual investors. At present, BAM has $1.2 trillion in AUM and $603 billion in fee-bearing capital . It’s benefitting from renewed demand for inflation-protected real assets that generate durable cashflow for investors. As shown below, BAM has a solid track record of double-digit annual returns for investors across sectors. Investor Presentation BAM continued to generate strong results during Q4 2025, with quarterly fee-related earnings growing by 28% YoY to $867 million. Distributable earnings grew by 18% YoY to $767 million. During the full year, BAM raised a substantial $112 billion of capital and deployed a record $66 billion into high quality assets across its core ...

‘Mentality wasn’t there’ in 4-0 loss to Manchester City Slot adds ‘the amount of goals we score is far too low’ Arne Slot slammed Liverpool’s “missing fighting spirit” after the 4-0 humiliation by Manchester City that propelled Pep Guardiola’s team into the FA Cup semi-finals. The manner of the 4-0 reverse will heighten scrutiny of the manager’s future, with Liverpool next at Paris Saint-Germain for Wednesday’s Champions League quarter-final first leg. A similar defeat in the tie may prove terminal for Slot. Continue reading...

Peshkova/iStock via Getty Images I have covered Rigetti Computing ( RGTI ) before , where I outlined the company’s background in detail, explained why I didn’t understand all the excitement about the company, and why I did consider it a strong sell. Since then, the stock has fallen by a 50% and has almost reached my $11 fair value; however, most of this fall is due to a reduction in the quantum valuations, which is why I further reduced its fair value to $8 per share. Despite this I upgrade the stock to a sell because lately it is achieving more contracts. Background Rigetti Computing is a quantum computing company founded in 2013. The company follows a full stack approach, developing superconducting qubit based processors in its in house Fab-1, the only dedicated and integrated quantum foundry, and selling cloud access through Quantum Cloud Services. Investor Presentation Rigetti bases its quantum technology on superconducting qubits, as it considers that offer fast gate speeds and modular architectures based on semiconductor manufacturing. However, those advantages still come with meaningful disadvantages around coherence, complexity and temperature requirements because to achieve superconducting qubits, the electrical circuits must be cooled to near absolute zero. Investor Presentation These difficulties have already been showed by several delays with the last one this year. In January management delayed its Cepheus-1-108Q and said the system was expected to reach general availability around the end of the first quarter of 2026 . Even during the Q4 conference call at the beginning of March management said: Our near-term priority is completing deployment of the 108-qubit system at 99.5% median 2-qubit gate fidelity, which we expect around the end of March. Beyond that, our focus is to deploy a system with more than 150-qubits with an anticipated 99.7% median 2-qubit gate fidelity around end of December 2026. Given that it is now April and the company has not annou...

Dennis Chraplak/iStock via Getty Images The thesis for Brookfield Asset Management ( BAM ) in August last year rested on the idea that BAM was an asset-light, high margin manager poised to benefit from the long term growth in alternatives. I was especially confident that the premium valuations were justified because of the strong Fee Related Earnings (FRE) profile. Since then the stock has corrected by over 25% despite FRE growing consistently, implying that this has been a sharp multiple compression story rather than a deterioration in fundamentals. As we dive into the numbers, we can see there has been a subtle change in the quality and timing of growth though. While fundraising remains strong, a larger share is now attributed to non-flagship strategies such as credit and insurance (segments that have lower fees and less carry upside). A significant portion of the raised capital also remains uncalled, delaying full earnings realization. These factors justify the multiple compression to a large extent, in addition to an evolved macro setup where we are now talking about stagflation risks, higher for longer rates and tighter liquidity. BAM is now being viewed as a quality business, but cyclical - not a secular compounding business I had positioned it as in August last year. For existing investors, given that the earnings growth engine is still intact, this drop could be an opportunity to accumulate. The yield also becomes more lucrative today at over 4%. However, I don't view BAM as a income instrument as the payout ratio is tight and dependent on growth, not excess cash. Overall, I retain the Buy rating on BAM at current valuations, but this is a lower conviction Buy than where I was in August. I would not recommend aggressively doubling down till the macro turns favorable, and the fundraising mix and deployment improves. The What and Why of the Fall Instead of the PE valuation approach used in August last year, I turn to a better valuation measure for BAM - which ...

Qatar shutting down the world's largest liquefied natural gas facility has disrupted the global helium supply, threatening medical applications, semiconductor manufacturing, and national defense technology. Pulsar Helium President Cliff Cain joins Christina Ruffini and Joe Mathieu on Bloomberg This Weekend to explain the downstream effects the prolonged conflict in the Middle East is having on the industry. (Source: Bloomberg)

格隆汇4月4日｜市场消息称，截至美国东部时间上午11:44（北京时间晚上11:44），离五角大楼最近的达美乐披萨店客流量高于平均水平。

2 AI Stocks That Survived the March Sell-Off -- and Look Stronger Because of It The Globe and Mail

格隆汇4月4日｜市场消息称，阿尔忒弥斯2号宇航员已完成过半奔月旅程。

Key PointsArm Holdings has a massive opportunity ahead of it with its new data center CPUs.

Arm Holdings and AMD both saw their stocks rise in March despite the tech sell-off.

Nvidia or AMD? We asked ChatGPT which is the better AI stock for Q2 2026 Finbold

Russia and Ukraine traded deadly strikes overnight and on Saturday morning, killing 10 people and wounding several dozen more, officials on both sides said on Saturday. The attacks came as Ukrainian President Volodymyr Zelensky travelled to Istanbul for talks with Turkish President Recep Tayyip Erdogan. He will also meet with Ecumenical Patriarch Bartholomew, the spiritual leader of Eastern Orthodox Christians. “We are working to strengthen our partnership to ensure the real protection of lives,...

Alistair Berg Wall Street ended the trading week higher, as investors balanced a stronger-than-expected March jobs report with rising geopolitical tensions that pushed oil prices sharply higher. For the week, the tech-heavy Nasdaq Composite popped 4.4%, while the S&P jumped +3.3%, and the blue-chip Dow added +2.9%. Oracle ( ORCL ) is reportedly cutting thousands of jobs, according to a CNBC report. These layoffs come as the company increases its investment in artificial intelligence infrastructure to strengthen its position against competitors in the cloud market. Cutting 20,000 to 30,000 employees could lead to $8 billion to $10 billion in incremental free cash flow, TD Cowen analysts wrote in a January note. In a March regulatory filing, the cloud computing company stated that it expects total costs related to its fiscal 2026 restructuring plan to reach as much as $2.1 billion, with most of the expenses tied to employee severance and associated costs. Tesla ( TSLA ) reported on Thursday that it delivered 358,023 vehicles in the first quarter, missing the consensus estimate of around 365,000 units. The company also stated that it produced 408,386 vehicles during the same period. Despite the shortfall, Q1 deliveries rose 6.2% compared to a year earlier, when Tesla delivered 336,881 vehicles in the first quarter of 2025. The company noted that demand was impacted by the expiration of electric vehicle tax credits, particularly affecting sales in the latter half of 2025 and continuing into 2026. Nike ( NKE ) dropped significantly after providing weaker-than-expected guidance during its earnings call. The company forecast that sales will decline by 2% to 4% in the fourth fiscal quarter, falling short of the consensus estimate, which had projected a 1.9% increase. Nike also highlighted a sharp slowdown in its Greater China segment, where it expects revenue to decline by about 20%. Applied Optoelectronics ( AAOI ) jumped 20% by the close of trading on Thursday and gained ...

The price of an ounce of silver surged by 144% in 2025, as investors piled into precious metals to hedge against rising economic and political uncertainty. It carried its momentum into 2026 and set a new record high of $121 per ounce in January, but it has since plummeted by 38% to trade at just $75 per ounce as I write this in early April. Unlike its close sibling, gold, silver is used extensively in industrial settings, with the majority of its demand coming from manufacturers of electronics, alloys, solders, and more. Therefore, its price is highly sensitive to changes in economic conditions. With geopolitical tensions raging in the Middle East and oil prices soaring, investors might be selling silver on fears of a global economic slowdown. Overall, precious metals have been a reliable investment over the long term, so investors might be wondering if they should buy silver while it's trading under the $100 milestone. Read on for the surprising answer. Continue reading

格隆汇4月4日｜以色列军方：探测到伊朗发射导弹，防御系统正在执行拦截任务。

格隆汇4月4日｜市场消息称，以色列耶路撒冷城内传出爆炸声。以色列媒体报道称弹片落在耶路撒冷城。

Napster CEO John Acunto explains how the company has been reimagined, shifting focus from traditional music streaming to what they call "streaming intelligence." Watch his full interview on Bloomberg This Weekend with hosts Christina Ruffini and Lisa Mateo. (Source: Bloomberg)

Bobex-73/iStock via Getty Images Robinhood ( HOOD ) stock is down by -25% since my last analysis , in which I issued a Hold rating on the company. However, now there's evidence that we could be set up at world-class entry point. I admit that the equity is valued speculatively, but I'm willing to overlook that on the premise that HOOD stock looks to track Bitcoin ( BTC ) broadly, as well as software. Therefore, once the crypto winter ends, I see it as quite logical that sentiment for HOOD stock will begin to rise. It's not a value investment, but it does have decent growth and is trading down from its prior highs significantly. To be specific, Hood is 55% below its all-time high. I rate the stock a Buy . Business Fundamentals Robinhood's growth positioning is elite, even if the fundamental value isn't. FY25 revenue grew 52%, adjusted EBITDA grew 76%, and adjusted EBITDA margin expanded by 8 percentage points. 11 of the company's businesses were already above a $100M annualized run-rate by the end of 2025. Furthermore, platform assets in FY25 were up by about 67% year-over-year (not all organic), with last- twelve -month net deposits compounding at about a 35% rate relative to the prior asset base. Moreover, Q4 ARPU increased by 16%, Gold subscribers grew by 58%, and retirement AUC grew 102%. This is fundamentally well-diversified business that is growing across several fronts. Robinhood stock trades with crypto because the market still sees it as a liquid crypto-adjacent risk-appetite proxy. Crypto was about 20% of Robinhood's 2025 revenue, and its crypto market share rose 63% year-over-year. Unfortunately, unlike a Bitcoin treasury like Strategy ( MSTR ), or direct crypto, Robinhood stock is currently trading like a speculative sentiment asset even though it has a reliable and diversified operating business. Valuation Most readers are not going to like this valuation strategy, but I'm going to do it anyway because you have to break a few traditions to beat the herd ...

AnnaStills/iStock via Getty Images Introduction Huntington Bancshares (HANB) is an Ohio-based bank holding company, operating more than 1,000 branches in 14 states as of the end of 2025. And since the end of last year, the bank has completed the acquisition of Cadence , which will further boost its earnings results. In this article, I will also have a look at a series of Huntington’s preferred stock, as I think the risk/reward ratio continues to improve. A look at the financial results of Huntington Bancshares As the income statement below shows, Huntington Bancshares reported a total interest income of approximately $10.3B, an increase of approximately 4% compared to 2024. At the same time, the total amount of interest expenses decreased by in excess of 5%, and the combination of both resulted in a net interest income of approximately $6B, an increase of in excess of 10% compared to the $5.35B in net interest income generated in 2024. HBAN Investor Relations The net interest income is, of course, a major driver of Huntington’s bottom line result. As the income statement above shows, Huntington posted a net non-interest expense of $2.84B due to an increase in personnel costs, partially offset by higher fees and wealth & asset management revenue. Meanwhile, the total amount of loan loss provisions remained very reasonable, at approximately $460M. While this represents a 10% increase compared to the provisions recorded in the previous two years, it goes without saying that number is very manageable, and Huntington Bancshares reported a total pre-tax income of $2.7B and a net profit of $2.21B after taking the profit attributable to non-controlling interests into account. And as the bank needed just under 6% of its net income to cover the $124M in preferred dividends, it is clear these preferred dividends enjoy excellent coverage levels. The balance sheet still shows Huntington Bancshares as a standalone entity, so before taking the completion of the acquisition of Cade...

Major US Shale Producer To Boost Output, And It Suggests One Thing Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is " not like the 2011-2014 shale boom " is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix. But now, on day 35 of Operation Epic Fury , that assumption about a less responsive U.S. shale patch in the face of soaring energy prices looks increasingly stale. President Trump's remarks earlier this week were viewed by some analysts as less of a de-escalation. Trump said, "We are going to hit them extremely hard. Over the next two to three weeks, we're going to bring them back to the Stone Age." Since Kapteyn's mid-March note, Wall Street has also started to reprice the duration of the energy shock. Goldman last week raised its 2026 Brent forecast to $80 a barrel , while Reuters polling shows much of the Street expects crude to be over $82 this year, up from the low $60s earlier this year, reflecting that the Hormuz chokepoint won't fade quickly. Context here matters because the energy mess in the Gulf is no longer being treated as a "temporary" shock, and shale can no longer afford to ignore it. The longer Hormuz remains disrupted and the more Trump signals a prolonged military campaign, the greater the odds of a response from America's shale complex. The first sign that U.S. shale players are beginning to respond to higher prices, and the admission that elevated WTI prices are here to stay, comes from billionaire oil wildcatter Harold Hamm's Continental Resources, which plans to increase production shortly. " Continental is increasing our capital budget, which will increase production ," CEO Doug Lawler told Bloomberg in a statement. Lawler did not explain how much production will increase or how many new rigs will...

A Look At Advanced Micro Devices (AMD) Valuation After New AI And Data Center Partnerships simplywall.st

格隆汇4月4日｜土耳其总统办公室：土耳其总统埃尔多安告诉乌克兰总统泽连斯基，土耳其将继续支持俄乌谈判。

guirong hao/iStock via Getty Images Following the war in Iran, aerospace and defense stocks have not fared well but there is one company that has taken the spotlight in the war both in positive and negative sense and that company is Palantir Technologies ( PLTR ). The stock has gained 8.7% since my last report . In this report, I pay closer attention to how Palantir’s product stack is used as the current war in Iran provides large-scale evidence of how Palantir’s stack scales the war capabilities. Note: War often comes with an unmeasurable amount of human tragedy and a fair bit of geopolitics. While I am cognizant of these factors, this report does not intend to discuss either the human tragedy or the politics behind the most recent combat action but aims to provide qualitative analysis of the role of Palantir’s product stack in the war. Palantir’s Modular Set Up Shines Palantir product suite is often misunderstood because it is not a set of isolated products, but a layered software stack where each component plays a distinct role. Understanding how these pieces connect is of paramount importance to understand the product value proposition. Palantir Foundry can be seen as the data backbone integrating data from disparate sources, builds a data model and enables analytics and model development. Palantir Gotham can be seen as the operational brain and operational decision platform fusing multiple intelligence streams into an operational picture allowing for mission planning and execution. Whereas Foundry organizes data, Gotham fuses it and turns its into actionable operations. Palantir Apollo allows for the continuous delivery of software even in disconnected environments. Pantar Artificial Intelligence Platform or AIP is the AI orchestration layer that sits on top of Foundry and Gotham and introduces AI-driven decision making. Maven Smart System is a mission-specific AI application built on top of the stack used for analyzing drone and sensor data, object detection a...