(RTTNews) - The Australian stock market is maintaining its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street on Monday. The benchmark S&P/ASX 200 index is moving well above the 8,550.
(RTTNews) - The Australian stock market is maintaining its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street on Monday. The benchmark S&P/ASX 200 index is moving well above the 8,550.
Photo: AI generated China’s regulatory approvals for new pharmaceuticals surged to a five-year high in 2025, as government efforts to fast-track novel treatments sparked a record number of green lights for first-in-class innovative drugs. The National Medical Products Administration’s Center for Drug Evaluation said in its annual report released May 13 that it accepted 20,149 drug-registration app...
Photo: AI generated China’s regulatory approvals for new pharmaceuticals surged to a five-year high in 2025, as government efforts to fast-track novel treatments sparked a record number of green lights for first-in-class innovative drugs. The National Medical Products Administration’s Center for Drug Evaluation said in its annual report released May 13 that it accepted 20,149 drug-registration applications last year, a 3% increase over the previous year. The agency completed reviews for 19,375 applications, representing an increase of 6.11%.
JuSun/E+ via Getty Images The following segment was excerpted from this fund letter. Equity market volatility picked up in Q1 due in large part to the ongoing war in Iran. After starting the year modestly positive through February, the Russell 1000 Index ended Q1 down 4.2%. Unsurprisingly, energy (+38%) was by far the best-performing sector, with oil prices rising sharply as global supplies were i...
JuSun/E+ via Getty Images The following segment was excerpted from this fund letter. Equity market volatility picked up in Q1 due in large part to the ongoing war in Iran. After starting the year modestly positive through February, the Russell 1000 Index ended Q1 down 4.2%. Unsurprisingly, energy (+38%) was by far the best-performing sector, with oil prices rising sharply as global supplies were impacted by the closure of the Strait of Hormuz. Materials (+10%) and utilities (+8%) also saw strong outperformance in Q1, while financials (-10%), consumer discretionary (-9%) and information technology (-9%) were the worst-performing sectors. The portfolio modestly trailed the long-only benchmark in Q1. Our long positions trailed the Russell 1000 Index by 200 basis points (bps), and our short positions were just over 200 bps ahead, leading to an unfavorable long-short spread (the performance of our long positions relative to the performance of our short positions) of 420 bps. Our long positions in software businesses, including Microsoft ( MSFT ), Salesforce ( CRM ) and Adobe ( ADBE ), were among the most notable detractors in the quarter. While artificial intelligence poses legitimate risks of varying degrees to these businesses, the fundamentals of each remain quite good and valuations imply a scenario that is too pessimistic, in our view. Net exposure of 58% remains modestly below our 60% long-term average, with long exposure ending the quarter around 90% and short exposure around 32%. This leaves gross exposure at 122%, a level we would like to modestly increase over time. However, we will be disciplined in doing so. We continue to find compelling long opportunities, but with elevated valuations across the market, we want to be very confident that the stocks we own will grow more valuable over time. We do not want to assume excessive risk when we are not being compensated to do so. It continues to be a fruitful environment to find attractive short opportunities as ele...
Escobar On Xi's "Constructive Strategic Stability" Authored by Pepe Escobar, If all of us are magnanimous enough, we might infer that Xi and Trump agreed on a three-year stability framework. The headline on the front page of China Daily this past Thursday was a thunder and lightning “Red-carpet welcome for Trump in Beijing”. Well, complete with electric jumpin’ children waving flowers and a visit ...
Escobar On Xi's "Constructive Strategic Stability" Authored by Pepe Escobar, If all of us are magnanimous enough, we might infer that Xi and Trump agreed on a three-year stability framework. The headline on the front page of China Daily this past Thursday was a thunder and lightning “Red-carpet welcome for Trump in Beijing”. Well, complete with electric jumpin’ children waving flowers and a visit to the Temple of Heaven, built in 1420, symbolizing the connection between heaven and humanity. Youth meet tradition. The generation that will lead fully modernized China meets deep History. A dazed and confused POTUS could barely absorb a running masterclass in civilization. Xi Dada was proverbially sharp: “We should be partners, not rivals.” The Exceptionals were stunned. All that after the non-stop litany of trade wars, tech sanctions, non-stop Taiwan hysteria, military encirclement, geoconomic confrontation, anti-China rhetoric. Cool down. Be cool. Oh, the twists and turns of the most important bilateral relation on the planet. Even as both economies are quite intertwined, bilateral trade in goods reached 4.01 trillion yuan ($590 million) in 2025. In global terms, that’s not exactly groundbreaking: only 8.8% of China’s total foreign trade. At the state banquet, Xi’s sharp rhetorical dagger performed the feat of uniting MAGA and the rejuvenation of the Chinese nation: “The people of China and the United States are both great peoples, achieving the great rejuvenation of the Chinese nation, and making America great again, can go hand in hand.” The barbarians were puzzled. Again. Then Xi explained where we are, concisely. It took only one sentence: “The transformation not seen in a century is accelerating across the globe, and the international situation is fluid and turbulent.” Compare it to when he first referred to the “transformation”, in public, for a global audience: right after the meeting with Putin in the Kremlin in the Spring of 2023. And then Xi immediately asked...
Great things are happening to the stocks in this article. They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
Great things are happening to the stocks in this article. They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
Alexander Farnsworth/iStock Editorial via Getty Images It's time, after about 4 months, to update on Swedish miner (and European, really) Boliden ( BDNNY ). This company has perhaps one of the more interesting profiles in the world for a European miner, provided that the circumstances are present for the company to deliver outperformance. When the circumstances are not there, Boliden is perhaps on...
Alexander Farnsworth/iStock Editorial via Getty Images It's time, after about 4 months, to update on Swedish miner (and European, really) Boliden ( BDNNY ). This company has perhaps one of the more interesting profiles in the world for a European miner, provided that the circumstances are present for the company to deliver outperformance. When the circumstances are not there, Boliden is perhaps one of the worst large miners you could invest in - beyond the fact that it is very conservative on a fundamental level. What do I mean by the right circumstances? In order to understand a miner, you have to understand what they mine - metals and how they work. Boliden is easily misunderstood by investors. While its primary work is on what are known as base metals , it has a clear edge or addition with precious metals, like gold and silver . This is viewed, however, as a byproduct of the activities it does in some of its mines. That means, in turn, that in a positive gold macro, the company sees upside - but it is not inherently tied to it, because both gold and silver are just byproducts. This can be exemplified with the Garpenberg asset and the way it acted despite a massive setback with a $70M writedown. Despite this writedown and despite this significant issue with the asset, the operating profits were still up over 70%. That's for the 1Q26 period. So you get results that, unless you clearly understand what's going on, don't really make sense 100%. This surge was not driven by some weird disbelief of its results but rather by significant surges in precious metal prices. Secondly, while it does primarily base metals, it's not tied to iron ore trends. Instead, the company is correlated to copper and zinc, and copper is in a bit of a positive cycle right now. Boliden has Aitik, one of the primary-producing copper mines in all of Europe. That means it enjoys the current upswing in demand for copper. Zinc is a bit of a "special" thing. Not many analysts cover Zinc trends (I'm ...
Earnings Call Insights: Agilysys, Inc. (AGYS) Q4 fiscal 2026 Management View “Fiscal 2026 Q4 was an excellent overall business quarter for Agilysys, including with respect to sales, revenue and profitability, each of which set a new quarter record.” (CEO, President & Director Ramesh Srinivasan) “Fiscal 2026 fourth quarter was the highest sales quarter on record.” (CEO Srinivasan) “All sales and ba...
Earnings Call Insights: Agilysys, Inc. (AGYS) Q4 fiscal 2026 Management View “Fiscal 2026 Q4 was an excellent overall business quarter for Agilysys, including with respect to sales, revenue and profitability, each of which set a new quarter record.” (CEO, President & Director Ramesh Srinivasan) “Fiscal 2026 fourth quarter was the highest sales quarter on record.” (CEO Srinivasan) “All sales and backlog values mentioned here for Q4 and full fiscal year 2026 do not include anything from the Marriott Property Management System, PMS project.” (CEO Srinivasan) “Gaming sales during the quarter improved sequentially by nearly 60%, that is 6-0, improved sequentially by nearly 60% over Q3 of fiscal 2026.” (CEO Srinivasan) “We launched 2 entirely AI-native modules, revenue intelligence and CRS.” (CEO Srinivasan) “The first beta implementations of these modules at customer sites are expected to happen later this fiscal year.” (CEO Srinivasan) “Fiscal 2026 fourth quarter revenue was a record $82.9 million.” (CEO Srinivasan) “After starting the year with a full year revenue guidance level of $308 million to $312 million, full fiscal year 2026 revenue ended up at a record $319.3 million.” (CEO Srinivasan) “Operating income for FY '26 of $43 million, net income of $38.8 million and gain per diluted share of $1.37...” (Senior VP & CFO Dave Wood) “...and adjusted diluted earnings per share of $1.79 compares favorably to $1.55.” (Senior VP & CFO Wood) Outlook “We expect full year fiscal 2027 revenue to be in the range of $365 million to $370 million, with product revenue remaining flat and steady growth in services revenue.” (CEO Srinivasan) “We expect fiscal year 2027 to be the third consecutive year of subscription revenue growth of at least 30%.” (CEO Srinivasan) “We expect adjusted EBITDA by revenue to grow from 21.2% in fiscal 2026 to 24% in fiscal 2027.” (CEO Srinivasan) “We expect adjusted EBITDA by revenue during Q1 to be only 16% to 17% and build upwards from there...” (CEO ...