Spencer Platt/Getty Images News Exxon Mobil ( XOM ) said Wednesday that disruptions to its assets in Qatar and the United Arab Emirates will reduce its global oil-equivalent production by 6% in Q1 compared to the previous quarter, as the Iran war paralyzed much of the Persian Gulf energy industry. Exxon ( XOM ) said its upstream assets in Qatar and the United Arab Emirates, which account for ~20% ...
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) said Wednesday that disruptions to its assets in Qatar and the United Arab Emirates will reduce its global oil-equivalent production by 6% in Q1 compared to the previous quarter, as the Iran war paralyzed much of the Persian Gulf energy industry. Exxon ( XOM ) said its upstream assets in Qatar and the United Arab Emirates, which account for ~20% of the company's global oil-equivalent barrels of production, were impacted by production disruptions beginning in early March. Attacks in Qatar impacted two liquefied natural gas trains in which Exxon ( XOM ) has ownership interest, assets that accounted for 3% of 2025 upstream production, the company said, adding that it is not yet clear when the two trains will return to normal operations, pending an on-site evaluation. Exxon ( XOM ) also noted its Middle East assets represent ~5% of its global refining and chemical capacity, and disruptions and reduced crude availability will reduce its Q1 global energy product throughput by 2% compared to the previous quarter. Exxon ( XOM ) said it expects a Q1 boost to earnings of as much as ~$2.9B from higher oil and natural gas prices, compared with the prior quarter, when it reported a $6.5B profit. However, the company warned of negative timing effects associated with its trading program that should weigh on Q1 earnings in the range of $3.5B-$4.9B, the equivalent of ~$0.93/share at the midpoint; in Q4 2025, Exxon's ( XOM ) earnings were $1.53/share, or $1.71/share after stripping out certain one-time costs. Exxon ( XOM ) said the negative timing effects are the result of how the company accounts for certain trades and will unwind over time. Exxon ( XOM ) shares are indicated down 5.6% pre-market Wednesday, as energy companies decline across the board alongside oil prices after the U.S. and Iran agreed to a two-week ceasefire aimed at reopening the Strait of Hormuz. More on Exxon Mobil Exxon Mobil: Buy, But Only If You Accept The O...
Green Rain Energy Holdings, Inc. has made significant strides in expanding electric vehicle (EV) infrastructure across U.S. markets, marking a pivotal transition from strategy to execution. Recently, the company has completed the installation of several EV charging stations, including in San Diego and Rochester, which are key components of a growing network designed to meet the rising demand for E...
Green Rain Energy Holdings, Inc. has made significant strides in expanding electric vehicle (EV) infrastructure across U.S. markets, marking a pivotal transition from strategy to execution. Recently, the company has completed the installation of several EV charging stations, including in San Diego and Rochester, which are key components of a growing network designed to meet the rising demand for EV charging. This expansion responds to shifting global energy markets, with rising fuel costs and...
valentinrussanov/E+ via Getty Images When Forgent Power Solutions ( FPS ) went public early in February, I wondered if shares had the power. Currently, shares have been trading largely flattish in a $26-$37 price range, with shares exchanging hands around the $30 mark. Compared to the time of the offering two months ago, my regard for the business has improved a great deal, in between accelerating...
valentinrussanov/E+ via Getty Images When Forgent Power Solutions ( FPS ) went public early in February, I wondered if shares had the power. Currently, shares have been trading largely flattish in a $26-$37 price range, with shares exchanging hands around the $30 mark. Compared to the time of the offering two months ago, my regard for the business has improved a great deal, in between accelerating growth, margin gains, strong guidance, a strong order intake, and remarks about long-term growth and capacity. This is highly encouraging in my view, amidst a relatively stable share price while market conditions at large are difficult. This makes me quite upbeat here. My regard for the business has increased a great deal, and dips from here certainly look compelling enough to buy into dips. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . Recent News In the final days of March, Forgent sold a total of some 34.5 million shares at $29.50 per share. Nearly 24 million shares were sold by selling shareholders, with the company offering 10.8 million shares, including the overallotment option here. The offering came relatively soon after the offering, and Forgent reported second-quarter results in the middle of the month. That was the first public report of Forgent as a publicly traded business. These numbers look quite solid at face value, with reported sales up 69% to $296 million, driven by data center and grid customers. GAAP operating profits of $20 million were up minimally on the year before, suggesting real deleverage in percentage terms. Quarterly revenues rose a bit from a $283 million number for the first quarter, yet GAAP operating margins have come in quite a bit from a $31 million number in the first quarter. With interest expenses largely coming in around levels of operating profits, the company posted largely break-even results. Those are the GAAP results, with adjusted earnings for the quarter seen around ...
Defense Secretary Pete Hegseth said, “Operation Epic Fury was a historic and overwhelming victory on the battlefield,” as he declared victory in the US and Israeli war against Iran on Wednesday. The statement comes a day after Washington and Tehran agreed to a two-week ceasefire. (Source: Bloomberg)
Defense Secretary Pete Hegseth said, “Operation Epic Fury was a historic and overwhelming victory on the battlefield,” as he declared victory in the US and Israeli war against Iran on Wednesday. The statement comes a day after Washington and Tehran agreed to a two-week ceasefire. (Source: Bloomberg)
laddawan punna/iStock via Getty Images Key takeaways 1 The market experienced a period of digestion Growth equities underperformed value during the quarter after outperforming since the Trump administration's April 2nd tariff announcements, as markets adjusted to the reality that AI funding would require companies to raise capital on an ongoing basis. 2 Massive capital spending on AI is creating o...
laddawan punna/iStock via Getty Images Key takeaways 1 The market experienced a period of digestion Growth equities underperformed value during the quarter after outperforming since the Trump administration's April 2nd tariff announcements, as markets adjusted to the reality that AI funding would require companies to raise capital on an ongoing basis. 2 Massive capital spending on AI is creating opportunities and challenges We believe the AI investment cycle is still in its early innings and may involve potential for shorter-term volatility. 3 We believe active management will be important in this environment Strategic stock selection will be particularly crucial in navigating this market environment and the AI innovation wave, in our opinion. Investment objective The fund seeks long-term capital appreciation. Fund facts Fund AUM ($M) 17,493.44 Click to enlarge Portfolio managers Ido Cohen, Ronald Zibelli Manager perspective and outlook US equities saw renewed volatility in the fourth quarter amid economic crosscurrents and mixed investor sentiment toward artificial intelligence (AI) valuations and AI-related spending. The longest government shutdown in US history further dampened confidence, as key economic data were delayed. Once released, the initial third-quarter GDP estimate showed robust growth of 4.3%. However, labor market conditions softened. Consumer spending remained resilient but showed signs of strain among lower income households. Inflation moderated but stayed above the US Federal Reserve's (Fed) 2% target. Against this backdrop, the Fed cut the federal funds rate twice during the quarter, lowering the target range to 3.50% - 3.75%. We have a constructive outlook for US equities, supported by a resilient economy, strong corporate profits, reduced regulatory burdens, tax cuts and tax credits, as well as Fed interest rate cuts. If 2025 was about building the AI foundation, we believe 2026 is poised to be about scaling and monetizing AI across the global...
Micron stock was surging alongside Sandisk and Western Digital as investors rush back into the memory and storage trade. Here's how long the cycle can last.
Micron stock was surging alongside Sandisk and Western Digital as investors rush back into the memory and storage trade. Here's how long the cycle can last.
NVIDIA (NASDAQ:NVDA) shares have pulled back from their 52-week high while the underlying business accelerates. Here is where our model lands. 24/7 Wall St. Price Target Summary Metric Value Current Price $176.28 24/7 Wall St. Price Target $237.71 Upside Potential 34.85% Recommendation BUY Confidence Level 90% Our price target for NVIDIA is $237.71, implying 34.85% ... Nvidia Price Prediction: 1 Y...
NVIDIA (NASDAQ:NVDA) shares have pulled back from their 52-week high while the underlying business accelerates. Here is where our model lands. 24/7 Wall St. Price Target Summary Metric Value Current Price $176.28 24/7 Wall St. Price Target $237.71 Upside Potential 34.85% Recommendation BUY Confidence Level 90% Our price target for NVIDIA is $237.71, implying 34.85% ... Nvidia Price Prediction: 1 Year Bull and Bear Case