Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ET Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ET Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
vasantytf/iStock via Getty Images Not just popping champagne. Envela Corporation ( ELA ) seems to know how to make its stock pop, too. Seeking Alpha This is quite funny because I'm terrible at popping champagne, but at least I can say I slapped Buy early here. And no, I'm not exaggerating. For at least three years, I've been put "in charge" by my wife of popping the champagne at the New Year's par...
vasantytf/iStock via Getty Images Not just popping champagne. Envela Corporation ( ELA ) seems to know how to make its stock pop, too. Seeking Alpha This is quite funny because I'm terrible at popping champagne, but at least I can say I slapped Buy early here. And no, I'm not exaggerating. For at least three years, I've been put "in charge" by my wife of popping the champagne at the New Year's party. Three years in a row now, and I still can't time it with the fireworks. A shame—but also kind of funny. I think it's better to stick to stock picking. And speaking of Envela, it wasn't a typical pop. The stock soared ~30% after the bell rang (it was almost 50% mid-session), making them gain almost $100 million in market capitalization today alone. Seeking Alpha If you read my articles here , you'll know they didn't do any kind of magic to achieve this. It's basically Wall Street paying for the time they underestimated them. And you don't have to believe me. Look at the last few quarters. Envela beat market estimates for the last eight quarters. Seeking Alpha All double-beat with a big surprise. It was no different in Q4 FY 2025, but the beat was stronger . EPS came in at $0.23, "only" ~180% above the $0.08 they were targeting. Revenue also surprised them, but by just over 17%. Operational Leverage Has Arrived Even if Envela's CEO has a bad memory like I do, he definitely won't forget Q4 FY 2025. Revenue soared just over 66% to $80.5 million. A tremendous bump considering they achieved ~21% in the last quarter. Press release Consumer accounted for $67.7 million of sales. So, it went from 78.5% to 84% of Envela's total revenue. Management said this came from strong holiday sales and probably (here's a hunch of mine) awareness of new brands. All those tailwinds of resale also seem to continue blowing as wealthier customers trade down to used products. But what's most important here is the profitability of the Consumer segment. And, to tell the truth, I was surprised too. T...
Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Stay In Your Lane Earlier this week, a good chunk of the ETF industry gathered in Las Vegas for this year’s Exchange conference — a fitting location, given that gambling-esque ETFs seem to be all the rage right now. I had the chance to share the stage fo...
Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Stay In Your Lane Earlier this week, a good chunk of the ETF industry gathered in Las Vegas for this year’s Exchange conference — a fitting location, given that gambling-esque ETFs seem to be all the rage right now. I had the chance to share the stage for 45 action-packed minutes with bond whiz Jeffrey Sherman, DoubleLine Capital’s deputy CIO. Naturally, our conversation made its way to the carnage underway in the retail private credit landscape, where investors are trying (in some cases, to little avail) to yank their money out of semi-liquid funds en masse. News of redemption requests from private credit funds have dominated headlines for weeks, with some firms going to great lengths to meet investor demands while others have gated withdrawals altogether. Until there is some risk-on shift in sentiment — and who knows when or what that could be — those sorts of headlines will likely proliferate for the rest of 2026, in Sherman’s view. Asset managers love to tell me that they’re “wrapper agnostic.” But while structures such as interval funds and BDCs are working as designed, the magnitude and frequency of the redemption requests suggests that there’s a bit of a mismatch in liquidity expectations between the retail investors and the firms who sold these products to them. “I don’t love the hybrid structures,” Sherman told me. “I don’t love having this stuff together, because the beauty of private is keeping it locked up and away from you.” So, do private assets belong in open-ended ETFs, which trade constantly and allow investors to pull their money at any moment? “I’ve got to be careful because we work with some of those partners who do that stuff, but absolutely not,” Sherman said. Mic drop. A Watershed Arrives We are living in historic times. I’m talking, of course, about the first modern-day ETF share class launch . The ...
Lucid Group (LCID 2.23%) has given some investors reason to cheer as it finally managed to drive beyond early supply chain and production speed bumps to more consistent production and deliveries. In fact, Lucid achieved its eighth consecutive quarter of record deliveries in the fourth quarter of 2025, driven by improved manufacturing execution and the production ramp-up of Lucid's Gravity SUV elec...
Lucid Group (LCID 2.23%) has given some investors reason to cheer as it finally managed to drive beyond early supply chain and production speed bumps to more consistent production and deliveries. In fact, Lucid achieved its eighth consecutive quarter of record deliveries in the fourth quarter of 2025, driven by improved manufacturing execution and the production ramp-up of Lucid's Gravity SUV electric vehicle (EV). Lucid's strategy to drive profitability revolves around four key components, but really only one matters for investors right now. The four-pronged strategy Sure, all four of the above points have massive potential for the young EV maker, and there's no doubt some of its focus should be on the long term. However, for investors buying into that long-term vision, the first two (starting from the left) are more important, while the latter two should be on the back burner for now. For Lucid, it appears 2026 will be focused on maximizing and optimizing the existing Lucid Air while continuing to ramp up the production of the newer Gravity. The truth is, compared to rival Rivian Automotive (RIVN 7.41%), Lucid is a step behind in maximizing current vehicle production to take steps toward gross profitability. Rivian, while currently focused on launching the R2, has made significant progress on gross profitability on its existing vehicles already. In fact, Rivian achieved its first full-year of positive gross profit in 2025, reversing the prior year's $1.2 billion gross loss. Let's give Lucid a little more credit than it has earned, as it's on its way to optimizing and improving the efficiency of the Air sedan and the Gravity SUV, which should improve throughout the year. The most important of the four-pronged strategy is absolutely Lucid's midsize platform, which is targeted for a launch late this year. Introducing Cosmos and Earth Lucid's midsize platform has been engineered in its entirety from the ground up, in hopes that the brand can keep delivering technologi...
Shares of Tencent Music Entertainment (TME 1.80%) fell 28.8% this week through 3:30 p.m. Friday, according to data from S&P Global Market Intelligence. Tencent Music is sometimes regarded as the "Spotify (SPOT 1.16%) of China," since it's the leading streaming music subscription service in the country. However, Tencent Music's business is a bit different, as it also generates revenue from social m...
Shares of Tencent Music Entertainment (TME 1.80%) fell 28.8% this week through 3:30 p.m. Friday, according to data from S&P Global Market Intelligence. Tencent Music is sometimes regarded as the "Spotify (SPOT 1.16%) of China," since it's the leading streaming music subscription service in the country. However, Tencent Music's business is a bit different, as it also generates revenue from social music interactions, such as karaoke tipping and other interactive services. This week, Tencent Music held its fourth-quarter earnings. While the headline numbers themselves weren't bad, some concerns emerged over certain KPIs (key performance indicators). Management also said it would no longer disclose certain KPIs going forward, fueling more investor skepticism. Expand NYSE : TME Tencent Music Entertainment Group Today's Change ( -1.80 %) $ -0.18 Current Price $ 10.11 Key Data Points Market Cap $5.9B Day's Range $ 10.02 - $ 10.38 52wk Range $ 9.86 - $ 26.70 Volume 9.3M Avg Vol 7.7M Gross Margin 48.77 % Dividend Yield 1.75 % Subscriber deceleration overshadows a revenue beat In the fourth quarter, Tencent Music grew revenue 15.9% to $1.24 billion, which beat expectations, while adjusted (non-GAAP) earnings per American Depositary Share (ADS) were up a lower 8.8%, just meeting expectations. Whenever a company grows profits at a lower rate than revenues, it could suggest that it's feeling competitive pressure. Moreover, investors appeared concerned about the slowdown in the subscription business, which grew just 13.2%, down from roughly 17% in the prior quarter. In general, investors like to see more revenue from subscriptions, which are perceived as "recurring" and higher quality, rather than advertising or other services that may be cyclical or more fleeting. Adding to the anxiety was Tencent Music saying that it would no longer disclose quarterly online music monthly active users (MAUs), the number of paying users, or average revenue per user (ARPU). Instead, Tencent Music...
Halter , a startup making artificial intelligence-powered collars for cows, is in talks to raise a new funding round that would double its valuation to more than $2 billion, according to people familiar with the matter. Billionaire Peter Thiel’s venture capital firm, Founders Fund , is set to lead the financing, said the people, who asked not to be identified discussing private information. The ta...
Halter , a startup making artificial intelligence-powered collars for cows, is in talks to raise a new funding round that would double its valuation to more than $2 billion, according to people familiar with the matter. Billionaire Peter Thiel’s venture capital firm, Founders Fund , is set to lead the financing, said the people, who asked not to be identified discussing private information. The talks are ongoing and details could change. Halter’s technology is designed to create a virtual fence for cattle and enable farmers to monitor the animals’ locations and health indicators through an app. Its collars, which are solar-powered, connect to farmers’ phones to allow them to manage pastures remotely — for example, a rancher can herd their cows using vibrations and audio cues from the collars. Read More: Cows in Smart Collars, Virtual Fences Help Make Farming Greener The latest raise would value Halter at about $2 billion before accounting for the new money, one of the people said. The size of the funding hasn’t yet been determined because strong interest from investors has meant the deal is heavily oversubscribed. Halter didn’t respond to requests for comment. Founders Fund declined to comment. Halter is something of an AI-fueled outlier in the agricultural tech world, a sector that has slumped in recent years. A slew of agtech companies have declared bankruptcy, and VCs have fled the category as startups struggled to get farmers to adopt their products while managing high operational costs. The startup’s approach is part of a broader “precision agriculture” push, where farmers use technology to better manage their fields and reduce human labor needs. Many collars for cattle on the market focus on monitoring digestion, searching for any irregularities that could signal sickness or other issues, and on tracking breeding cycles. Even pharmaceutical giant Merck & Co. makes cow collars . “The goal was to make pasture farming more sustainable and productive using technol...
Tesla CEO Elon Musk has called LiDAR technology a "fool's errand" that isn't a cost-effective way to make advanced driver assistance systems like Full Self-Driving (Supervised) safer. But this week, the National Highway Traffic Safety Administration announced that it was escalating its ...
Tesla CEO Elon Musk has called LiDAR technology a "fool's errand" that isn't a cost-effective way to make advanced driver assistance systems like Full Self-Driving (Supervised) safer. But this week, the National Highway Traffic Safety Administration announced that it was escalating its ...
NextNav (NN 3.18%), a leader in advanced 3D geolocation, reported a sale by its CEO amid ongoing direct holding reductions. Mariam Sorond, CEO and Board Chair of NextNav, reported the sale of 69,853 shares of common stock in open-market transactions on March 3, 2026, as disclosed in this SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 69,853 Transaction value ~$1.2 million...
NextNav (NN 3.18%), a leader in advanced 3D geolocation, reported a sale by its CEO amid ongoing direct holding reductions. Mariam Sorond, CEO and Board Chair of NextNav, reported the sale of 69,853 shares of common stock in open-market transactions on March 3, 2026, as disclosed in this SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 69,853 Transaction value ~$1.2 million Post-transaction shares (direct) 1,270,946 Post-transaction value (direct ownership) ~$21.7 million Transaction value based on SEC Form 4 weighted average purchase price ($16.91); post-transaction value based on March 3, 2026 market close ($17.06). Key questions How does the size of this transaction compare to Mariam Sorond's historical sales? This sale of 69,853 shares matches the median size of recent sell transactions by Mariam Sorond, equaling the median of 69,853 shares across five sales since March of last year. This sale of 69,853 shares matches the median size of recent sell transactions by Mariam Sorond, equaling the median of 69,853 shares across five sales since March of last year. What proportion of Sorond's direct holdings was involved in this sale? The transaction represented 5.21% of direct ownership at the time of sale, in line with the recent median of 4.72% of holdings per sale. The transaction represented 5.21% of direct ownership at the time of sale, in line with the recent median of 4.72% of holdings per sale. Was there any participation by indirect entities or derivative securities in this transaction? No, all shares affected were held directly, with no indirect holdings (such as family trusts or LLCs) or derivative security activity reported in this filing. No, all shares affected were held directly, with no indirect holdings (such as family trusts or LLCs) or derivative security activity reported in this filing. What does this transaction suggest about the ongoing pattern and insider capacity? The steady reduction in direct holdings over the past ye...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Mark Cerny, the lead architect of the PlayStation 5 and PS5 Pro, told Digital Foundry that ML-based frame generation tech is coming to “PlayStation platfor...
is a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Mark Cerny, the lead architect of the PlayStation 5 and PS5 Pro, told Digital Foundry that ML-based frame generation tech is coming to “PlayStation platforms” in the future, letting the game console use AI to imagine new frames between the ones it’s actually rendering, which can create smoother perceived image quality while (typically) introducing some amount of lag. At least, that’s how it works on PCs, where critics call them “fake frames.” Cerny previously suggested the PS6 wouldn’t arrive before 2027 at the earliest, and that’s also true of this ML-based frame generation. “All I can say is that we have no more releases planned for this year. And that I look forward to discussing this more in the future,” he told Digital Foundry. But if the PS6 is delayed, Sony might want to try to get more out of the existing PS5 Pro in the meanwhile. This won’t be the first implementation of frame gen on console. The PS5 already offers AMD FSR3 frame generation in some games, but FSR3 doesn’t have the machine learning support. It’s interpolating between real frames, rather than AI imagining what should be between them. Nvidia and AMD typically warn that frame generation isn’t a solve for low framerate, because you need a relatively stable framerate to begin with for the technique to work. I don’t typically use it on gaming handhelds, where I might only get 30 to 40fps to begin with on a title, and on my desktop where I can easily get 90fps on higher settings, I usually prefer leaving it off. There are some edge cases where I enjoy it, though.