Seeking Alpha More on FedEx FedEx Corporation: Its Valuation Has Already Traveled Quite Too Far FedEx Corporation (FDX) Analyst/Investor Day - Slideshow FedEx Corporation (FDX) Analyst/Investor Day Transcript FedEx boosts guidance after solid holiday quarter results FedEx Non-GAAP EPS of $5.25 beats by $1.12, revenue of $24B beats by $520M
Seeking Alpha More on FedEx FedEx Corporation: Its Valuation Has Already Traveled Quite Too Far FedEx Corporation (FDX) Analyst/Investor Day - Slideshow FedEx Corporation (FDX) Analyst/Investor Day Transcript FedEx boosts guidance after solid holiday quarter results FedEx Non-GAAP EPS of $5.25 beats by $1.12, revenue of $24B beats by $520M
SGL Carbon press release ( SGLFF ): Consolidated sales revenue of €850.2M. SGL Carbon consolidated net results were -€79.2M. More on SGL Carbon Historical earnings data for SGL Carbon Financial information for SGL Carbon
SGL Carbon press release ( SGLFF ): Consolidated sales revenue of €850.2M. SGL Carbon consolidated net results were -€79.2M. More on SGL Carbon Historical earnings data for SGL Carbon Financial information for SGL Carbon
Gemini Space Station, Inc. press release ( GEMI ): Q4 Revenue of $60.34M (+39.4% Y/Y) beats by $8.64M . Outlook: More on Gemini Space Station, Inc. Gemini Space Station: Not Chasing This Crypto Turnaround Yet Gemini Space Station: Losses Outpace Scale Gemini Space Station downgraded at Citi after Bitcoin, Ethereum price target revision DeFi Development sees highest short interest among crypto firm...
Gemini Space Station, Inc. press release ( GEMI ): Q4 Revenue of $60.34M (+39.4% Y/Y) beats by $8.64M . Outlook: More on Gemini Space Station, Inc. Gemini Space Station: Not Chasing This Crypto Turnaround Yet Gemini Space Station: Losses Outpace Scale Gemini Space Station downgraded at Citi after Bitcoin, Ethereum price target revision DeFi Development sees highest short interest among crypto firms with up to $2B market cap Historical earnings data for Gemini Space Station, Inc.
York Space Systems, Inc. press release ( YSS ): Q4 Revenue of $105.35M (+37.5% Y/Y) beats by $2.23M . As of December 31, 2025, our cash and cash equivalents were $162.6 million, and availability under our Revolving Facility was $150 million, for total liquidity of $312.6 million. Business outlook as of March 19, 2026 York Space Systems expects revenue for the full year 2026 to be in the range of $...
York Space Systems, Inc. press release ( YSS ): Q4 Revenue of $105.35M (+37.5% Y/Y) beats by $2.23M . As of December 31, 2025, our cash and cash equivalents were $162.6 million, and availability under our Revolving Facility was $150 million, for total liquidity of $312.6 million. Business outlook as of March 19, 2026 York Space Systems expects revenue for the full year 2026 to be in the range of $545 million to $595 million. Over 70% of this, at the midpoint, is expected to come from our existing backlog, giving us high confidence in achieving our goals, and the ability to focus on building our pipeline for beyond this year. More on York Space Systems, Inc. York Space: Next Space Play To Go Public York Space Systems acquires Orbion Space Technology Wall Street launches coverage of York Space Systems with predominantly bullish ratings Historical earnings data for York Space Systems, Inc. Financial information for York Space Systems, Inc.
Key Points The software giant's revenue topped $81 billion in its most recent quarter. The company's free cash flow recently declined sequentially as it ramped up capital expenditures. Microsoft's cloud revenue is surging. 10 stocks we like better than Microsoft › Shares of Microsoft (NASDAQ: MSFT) have been slammed so far in 2026. As of this writing, the stock is down about 19% year to date -- a ...
Key Points The software giant's revenue topped $81 billion in its most recent quarter. The company's free cash flow recently declined sequentially as it ramped up capital expenditures. Microsoft's cloud revenue is surging. 10 stocks we like better than Microsoft › Shares of Microsoft (NASDAQ: MSFT) have been slammed so far in 2026. As of this writing, the stock is down about 19% year to date -- a decline far worse than the S&P 500's 3% pullback. This sell-off comes even as the company continues to post impressive top- and bottom-line growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » So why did shares fall? The answer likely comes down to the staggering cost of the artificial intelligence (AI) arms race and the risks this race introduces. Even though Microsoft's top line is compounding at an enviable rate, the massive investments required to support this growth are elevating the company's cost structure. Accelerating AI demand Microsoft's second-quarter results for fiscal 2026 showed a business firing on all cylinders. Total revenue in the period came in at $81.3 billion. And the company's profitability was particularly impressive. Microsoft's non-GAAP (adjusted) net income jumped 23% year over year to $30.9 billion. Highlighting the software giant's underlying momentum, its Microsoft Cloud segment was a key driver for the business. "Microsoft Cloud surpassed $50 billion in revenue for the first time, up 26% year-over-year, reflecting the strength of our platform and accelerating demand," Microsoft CEO Satya Nadella explained in the company's second-quarter earnings call. The company is seeing rapid adoption of its AI-powered software tools, too. Microsoft 365 Copilot -- the company's generative AI -- saw paid seats hit 15 million during the quarter. This was up more than 160% year over year....
Earnings Call Insights: Darden Restaurants, Inc. (DRI) Q3 2026 Management View CEO Ricardo Cardenas highlighted a strong quarter with $3.3 billion in total sales, up 5.9% year-over-year, driven by same-restaurant sales growth of 4.2%. He emphasized, "each of our four largest brands exceeded the industry by more than 400 basis points." Cardenas noted that all segments delivered positive same-restau...
Earnings Call Insights: Darden Restaurants, Inc. (DRI) Q3 2026 Management View CEO Ricardo Cardenas highlighted a strong quarter with $3.3 billion in total sales, up 5.9% year-over-year, driven by same-restaurant sales growth of 4.2%. He emphasized, "each of our four largest brands exceeded the industry by more than 400 basis points." Cardenas noted that all segments delivered positive same-restaurant sales, with the company maintaining "historically high team member and manager retention levels." Olive Garden achieved positive same-restaurant sales of 3.2% and launched a lighter portion menu, adding seven dishes under $15, which Cardenas said "is clearly resonating with our guests and our restaurant teams." LongHorn Steakhouse posted same-restaurant sales growth of 7.2% and was recognized as one of the best places to work by Glassdoor. Fine Dining and Other Business segments also saw positive comp sales, with Yard House setting multiple daily records on Valentine's Day. Sixteen new restaurants opened during the quarter. CFO Rajesh Vennam reported, "we generated $3.3 billion of total sales, 5.9% higher than last year," and adjusted diluted net earnings per share of $2.95, up 5.4%. He explained, "our same-restaurant sales exceeded the industry benchmark by 540 basis points" and noted a weather impact from winter storms. Vennam said, "food and beverage expenses were 50 basis points higher, primarily due to elevated beef cost driving total commodities inflation of approximately 5% for the quarter." He also outlined the permanent closure of 14 Bahama Breeze locations and conversion plans for the remaining 14. Outlook Darden updated its fiscal 2026 guidance, now expecting total sales growth of approximately 9.5%, same-restaurant sales growth of approximately 4.5%, and around 70 new restaurant openings. Commodities inflation is projected at approximately 4%, with an effective tax rate of about 12.5%. Adjusted diluted net earnings per share are expected in the range of $10...
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT The Iran Abadan, left, a crude oil tanker owned by the National Iranian Tanker Company in Dubai, United Arab Emirates. Charles Crowell | Bloomberg | Getty Images The extreme spike in oil prices seen in local markets in the Middle East could give investors a glimpse into to where U.S. and Europe prices are headed if the Strait of...
In this article @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT The Iran Abadan, left, a crude oil tanker owned by the National Iranian Tanker Company in Dubai, United Arab Emirates. Charles Crowell | Bloomberg | Getty Images The extreme spike in oil prices seen in local markets in the Middle East could give investors a glimpse into to where U.S. and Europe prices are headed if the Strait of Hormuz isn't opened soon. Dubai crude oil prices surpassed $166 a barrel to a new record high on Thursday, according to market data provider Platts. Dated Brent and West Texas intermediate Cushing's are trading around the $100 mark after historic runs higher. The local markets for oil are often overlooked, but are now seen as a possible precursor of what could be ahead if the conflict doesn't end soon. Dubai and Oman current prices reflect the steep severity of the shortage in the Gulf, according to Natasha Kaneva, JPMorgan's head of commodities research. But that doesn't mean the American market will be spared another sharp jump, she said. "If the Strait does not reopen, this divergence is unlikely to persist," Kaneva said in a note to clients this week. "Brent and WTI will ultimately reprice higher as Atlantic basin inventories are drawn down and the global market is forced to clear at a materially tighter supply level." West Texas Intermediate crude is not seen as an ideal substitute like Oman, said Andy Harbourne, senior oil markets analyst at Wood Mackenzie. But it could become a more sought-after alternative if transit through Hormuz remains depressed, given that buyers will turn more desperate. The Hormuz factor The Strait of Hormuz, a key passageway connecting the Persian Gulf and sea, is where around one-fifth of the world's oil transits. Daily transit calls have tumbled to nearly zero from highs above 120 seen earlier this year, data analyzed by Charles Schwab shows. Prices for crude directly leaving Middle East countries such as Dubai has risen faster than oil l...
US producers of polyethylene — a common plastic used in everything from packaging to containers — are buying more of a key ingredient, ethylene, in a sign that manufacturers are working to take advantage of export opportunities as global supplies tighten. The global plastics market has been thrown into upheaval as the war in Iran disrupts flows of oil and products used in production, squeezing glo...
US producers of polyethylene — a common plastic used in everything from packaging to containers — are buying more of a key ingredient, ethylene, in a sign that manufacturers are working to take advantage of export opportunities as global supplies tighten. The global plastics market has been thrown into upheaval as the war in Iran disrupts flows of oil and products used in production, squeezing global supplies but leaving American producers with a window to sell more overseas. As the manufacturers load up on the feedstock, prices for ethylene on the US Gulf Coast have been climbing. Spot ethylene traded at 30.25 cents a pound Wednesday at Enterprise Products Partners LP ’s Mont Belvieu, Texas hub, according to a trader. That was up from about 27 cents on Monday, which had already marked a one-year high. The latest trade puts prices at their highest since February 2025, underscoring strengthening demand. American polyethylene makers “may set production records in March as export demand ramps up,” said Harrison Jacoby, Director, PE Americas at ICIS, adding that the producers could increase their operating rates to 100%, from about 90% now. North American producers are pushing for price increases in March contracts of around 10 cents per pound, according to ICIS. North American producers, which include LyondellBasell Industries NV and Dow Inc , represent more than 40% of global net exports, ICIS data show. Disruptions to exports from the Middle East through the Strait of Hormuz, a major supplier of polyethylene and other petrochemicals, have tightened global availability. Meanwhile, outages and feedstock shortages in Asia are also lifting prices across the plastics chain. That dynamic is boosting demand for US-produced polyethylene. Operating rates at US ethane crackers, which produce ethylene, have climbed into the low 90% range, up from around 85% prior to the Iran conflict, reflecting stronger margins and improved demand.
Early this week, Citigroup (NYSE: C) lowered its 12-month price targets for both Bitcoin (BTC) and Ethereum (ETH) due to the delay in the legislative process regarding crypto assets in the United States. Next, the 213-year-old Wall Street banking giant lowered the price targets ...
Early this week, Citigroup (NYSE: C) lowered its 12-month price targets for both Bitcoin (BTC) and Ethereum (ETH) due to the delay in the legislative process regarding crypto assets in the United States. Next, the 213-year-old Wall Street banking giant lowered the price targets ...
Kalshi Inc. has raised more than $1 billion at a valuation of $22 billion in a new financing round, according to a person familiar with the situation. The deal will roughly double Kalshi’s valuation from its last funding round in December when it was worth $11 billion. That financing was led by Paradigm with backing from Sequoia Capital, Andreessen Horowitz and ARK Invest. The new funding round wa...
Kalshi Inc. has raised more than $1 billion at a valuation of $22 billion in a new financing round, according to a person familiar with the situation. The deal will roughly double Kalshi’s valuation from its last funding round in December when it was worth $11 billion. That financing was led by Paradigm with backing from Sequoia Capital, Andreessen Horowitz and ARK Invest. The new funding round was led by Coatue Management , according to the person, who asked not to be named because the information is private. Kalshi’s annualized revenue — an annual run rate — is currently $1.5 billion, the person said. Kalshi and Coatue didn’t respond to request for comments. The deal was first reported by the Wall Street Journal. The fundraising push shows investor appetite to gain exposure to the fast-growing prediction market industry remains healthy despite lawmaker blowback. Arizona’s attorney general filed criminal charges this week against Kalshi for running what it called an “illegal gambling operation.” Kalshi refuted the allegations and it has won support from the new chair of the Commodity Futures Trading Commission, the federal regulator overseeing the exchange.
Getty Images Introduction Vale S.A. ( VALE ) has been on my review list for a while, as I’ve covered most of its peers like Rio Tinto ( RIO ) and Freeport-McMoRan ( FCX ). The firm is extremely cheap considering its fundamental transformation that has been under-recognized by the broad market. Despite a positive macro landscape and a nice run-up in share prices, I believe that the company can stil...
Getty Images Introduction Vale S.A. ( VALE ) has been on my review list for a while, as I’ve covered most of its peers like Rio Tinto ( RIO ) and Freeport-McMoRan ( FCX ). The firm is extremely cheap considering its fundamental transformation that has been under-recognized by the broad market. Despite a positive macro landscape and a nice run-up in share prices, I believe that the company can still shoot higher with its best-in-class cost structure. Operation Overview The largest engine behind Vale’s cash flow remains its iron ore operations, which for the full year delivered the strongest performance since the pre-Brumadinho era. Production has reached 336MM tons , surpassing the guidance and resulting in a 2% Y/Y increase. This also highlights Vale’s overall competitive advantage in its integrated logistics infrastructure, with the Carajas and Vitoria a Minas railroads, which connect primary mining hubs to deep-water ports capable of hosting Valemax vessels, the largest bulk carriers in the world. This integration creates a massive barrier to entry and a cost advantage. As such, the C1 cash costs reached $21.3 per ton, a 2% Y/Y reduction which marks the second consecutive year of deflation in an otherwise inflationary global environment. Management has also guided for further improvements, targeting a potential $20 per ton. As such, the AISC for Iron ore has reached $54.2 per ton in 2025, while realized prices have averaged $95.4 per ton, resulting in Vale’s high margin profile. The global steel industry has also pivoted toward decarbonization as Chinese steel mills need to improve blast furnace productivity, shifting towards high-grade iron ore making Carajas ore the benchmark for high-quality feed. That’s why the share of premium brands in Vale’s portfolio has risen significantly and Carajas sales are forecasted to grow to 50MM tons in 2026, allowing Vale to capture the premium segment, decoupling earnings from the 62% Fe. Though Vale is largely known for Iron o...
Known as a major hyperscaler, Meta Platforms (META 1.46%) is one of several large tech companies that are essentially funding the infrastructure needed to power the deployment of artificial intelligence (AI). One way the hyperscalers are doing this is by building data centers or purchasing computing capacity in centers designed to run AI applications. Recently, Meta just provided incredible news t...
Known as a major hyperscaler, Meta Platforms (META 1.46%) is one of several large tech companies that are essentially funding the infrastructure needed to power the deployment of artificial intelligence (AI). One way the hyperscalers are doing this is by building data centers or purchasing computing capacity in centers designed to run AI applications. Recently, Meta just provided incredible news to one AI data center stock. A large five-year deal Recently, an AI data center company called Nebius Group (NBIS +2.56%) announced that it had just inked a five-year contract with Meta to provide capacity across several of its data centers for the "Magnificent Seven" tech giant. Per the agreement, Nebius will provide $12 billion in capacity at its data centers, which will feature Nvidia's next-generation graphics processing units (GPUs) and platform, called Vera Rubin. Meta will also purchase added computing capacity worth up to $15 billion in other Nebius data centers that will open over the next five years. Nebius plans to sell this capacity to third-party cloud customers, but Meta will buy the remaining capacity. The contract between Nebius and Meta has a total value of up to $27 billion. The former builds data centers equipped with Nvidia's latest platforms and GPUs, then rents them to companies looking to deploy AI. Many of these customers have been hyperscalers. Nebius and Meta had already announced a first agreement at the end of 2025 to provide $3 billion of capacity over a five-year period. So this second deal, which is occurring only about four months after the first, is a good sign for the relationship between the two. The deal will significantly expand Nebius' revenue The new Meta deal has the potential to be bigger than an earlier agreement Nebius signed with Microsoft, which has the potential to be worth $19.4 billion over five years. Therefore, the Meta deal should significantly increase Nebius' medium-term revenue guidance. In 2025, Nvidia exited the year wi...
Key Points Meta Platforms could end up with over $200 billion in capital expenditures between last year and this year's projections. Most of this is being spent to build data centers or rent computing capacity at data center companies. The company just struck a potentially huge five-year contract with one company that rents capacity at data centers it operates. 10 stocks we like better than Nebius...
Key Points Meta Platforms could end up with over $200 billion in capital expenditures between last year and this year's projections. Most of this is being spent to build data centers or rent computing capacity at data center companies. The company just struck a potentially huge five-year contract with one company that rents capacity at data centers it operates. 10 stocks we like better than Nebius Group › Known as a major hyperscaler, Meta Platforms (NASDAQ: META) is one of several large tech companies that are essentially funding the infrastructure needed to power the deployment of artificial intelligence (AI). One way the hyperscalers are doing this is by building data centers or purchasing computing capacity in centers designed to run AI applications. Recently, Meta just provided incredible news to one AI data center stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » A large five-year deal Recently, an AI data center company called Nebius Group (NASDAQ: NBIS) announced that it had just inked a five-year contract with Meta to provide capacity across several of its data centers for the "Magnificent Seven" tech giant. Per the agreement, Nebius will provide $12 billion in capacity at its data centers, which will feature Nvidia's next-generation graphics processing units (GPUs) and platform, called Vera Rubin. Meta will also purchase added computing capacity worth up to $15 billion in other Nebius data centers that will open over the next five years. Nebius plans to sell this capacity to third-party cloud customers, but Meta will buy the remaining capacity. The contract between Nebius and Meta has a total value of up to $27 billion. The former builds data centers equipped with Nvidia's latest platforms and GPUs, then rents them to companies looking to deploy AI. Many of these customers have been...
Nvidia's (NASDAQ: NVDA) driverless car technology will help more manufacturers develop this capability. (NYSE: UBER) Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of March 17, 2026....
Nvidia's (NASDAQ: NVDA) driverless car technology will help more manufacturers develop this capability. (NYSE: UBER) Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of March 17, 2026. The video was published on March 19, 2026. Should you buy stock in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Uber Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $510,710!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,949!* Now, it’s worth noting Stock Advisor’s total average return is 927% — a market-crushing outperformance compared to 186% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 19, 2026. Parkev Tatevosian, CFA has positions in Nvidia and Uber Technologies. The Motley Fool has positions in and recommends Nvidia and Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily...
Costa Rica's President Cuts Off Diplomatic Ties With Cuban Regime Authored by Kimberlyh Hayek via The Epoch Times (emphasis ours), Costa Rica’s President Rodrigo Chaves revealed Wednesday that his government has ceased recognizing the legitimacy of Cuba’s communist regime and ordered the Cuban embassy in San José to close. The Costa Rican embassy in Havana, Cuba, on March 18, 2026. Yamil Lage/AFP ...
Costa Rica's President Cuts Off Diplomatic Ties With Cuban Regime Authored by Kimberlyh Hayek via The Epoch Times (emphasis ours), Costa Rica’s President Rodrigo Chaves revealed Wednesday that his government has ceased recognizing the legitimacy of Cuba’s communist regime and ordered the Cuban embassy in San José to close. The Costa Rican embassy in Havana, Cuba, on March 18, 2026. Yamil Lage/AFP via Getty Images In a press conference in Peñas Blancas during the inauguration of new U.S.-donated mobile drug scanners at the northern border with Nicaragua, Chaves said the decision was a stand against the Cuban government’s oppression of its people. “ Costa Rica does not recognize the legitimacy of Cuba’s Communist regime, given the mistreatment, repression, and undignified conditions endured by the inhabitants of that beautiful island ,” Chaves said. “We must cleanse the hemisphere of communists.” During Wednesday’s press conference, Foreign Minister Arnoldo André Tinoco said the government chose to shutter its Costa Rica embassy in Havana and asked Cuba to remove its diplomatic personnel from San José, while permitting consular services to continue for practical purposes. The decision comes as the Chaves administration positions itself against perceived leftist influences in the region and transnational crime syndicates. Meanwhile, Costa Rica and the United States increased collaboration on stopping drug trafficking. Chaves doubled-down on the country’s security infrastructure at key ports, including Japdeva’s Gastón Kogan port, Peñas Blancas, Paso Canoas, and Caldera. Chaves on Wednesday connected the technology’s rollout to his administration’s campaign against organized crime. Chaves said the new scanners would play a key role in blocking cocaine and fentanyl flows, crediting American support while condemning past domestic setbacks. Cuba’s foreign ministry said it was informed on Tuesday of Costa Rica’s order for diplomatic staff to withdraw, leaving only consulate...
PM Images/DigitalVision via Getty Images I’ve been bullish on the Cohen & Steers Infrastructure Fund ( UTF ) since the beginning of 2023, and it’s even more appealing now than back then. I think we're in a very rare moment where the macroeconomic landscape is causing investors to look for safety while the sector dynamics of UTF’s holdings are becoming more appealing due to the AI revolution. The A...
PM Images/DigitalVision via Getty Images I’ve been bullish on the Cohen & Steers Infrastructure Fund ( UTF ) since the beginning of 2023, and it’s even more appealing now than back then. I think we're in a very rare moment where the macroeconomic landscape is causing investors to look for safety while the sector dynamics of UTF’s holdings are becoming more appealing due to the AI revolution. The AI buildout is consuming electricity at a pace nobody forecasted five years ago, and utilities are experiencing increased levels of demand. While Wall Street is being spooked by the CapEx numbers due to the increased demand for GPU clusters, it looks like a rotation out of tech and into predictable cash flow is happening. UTF sits right in the middle of all three of those trends, and the $1.86 distribution is generating a yield that exceeds 7%. I am still very bullish on UTF as I believe it’s a great CEF that has produced a long history of generating distributions from assets the world literally cannot turn off. With the price of oil skyrocketing and the chance of inflation coming back increasing, I think that infrastructure companies from utilities to industrials will become more popular and that UTF is a great pick for this trend. Seeking Alpha Following up on my previous article about UTF In the middle of November, I wrote an article about UTF ( can be read here ) and since then it has increased by 8.72% while the S&P 500 has declined by -2.21%. When the distribution is accounted for, UTF has a total return of 11.46%. I felt that the recent decline in shares of UTF was attributed to a rights offering and market dynamics, and it would be short-lived. UTF has built a 21-year history of reliable distributions, and income investors could look at it as a stable cash-flowing CEF. I felt that the record CapEx spending on data centers signaled strong future demand for the fund's infrastructure holdings. I am following up with a new article to discuss why I am still bullish and ad...
LindaJoHeilman/iStock Editorial via Getty Images FedEx Corporation ( FDX ) gained in post-market trading on Thursday after easily topping expectations with its fiscal third-quarter earnings report. The Memphis-based shipping giant reported revenue was up 8.1% year-over-year to $24.0B in FQ3. EPS came in at $5.25 for the quarter that ended on February 28 vs. $4.15 consensus and $4.51 a year ago. Op...
LindaJoHeilman/iStock Editorial via Getty Images FedEx Corporation ( FDX ) gained in post-market trading on Thursday after easily topping expectations with its fiscal third-quarter earnings report. The Memphis-based shipping giant reported revenue was up 8.1% year-over-year to $24.0B in FQ3. EPS came in at $5.25 for the quarter that ended on February 28 vs. $4.15 consensus and $4.51 a year ago. Operating income was $1.62B during the quarter on an adjusted basis to beat the consensus expectation of $1.37B. The parcel delivery company reported an operating margin rate of 6.7% vs. 6.8% a year ago and the consensus estimate of 6.0%. The company said Federal Express segment operating results improved during the quarter, driven by higher U.S. domestic and international priority package yields, continued cost savings from transformation initiatives, and increased U.S. domestic package volume. Those factors were partially offset by higher variable incentive compensation expenses and wage rates, the financial impacts of global trade policy changes, increased purchased transportation rates, and the MD-11 groundings. FedEx Freight segment operating results decreased during the quarter due to increased costs associated with the company's planned spin-off, lower shipments, and higher wage rates, partially offset by increased yield. Notably, FedEx ( FDX ) said the planned spin-off of FedEx Freight into a new publicly traded company continues to advance and is expected to be achieved in a tax-efficient manner for FedEx stockholders ( FDX ) on June 1. Looking ahead, FedEx sees FY26 revenue growth of +6.0% to +6.5% and EPS of $19.30 to $20.10 (midpoint $19.70) vs. $18.69 consensus. "As we look ahead, we are very well positioned to drive higher profitability and generate strong free cash flow both this fiscal year and longer-term, supporting meaningful stockholder value creation," stated CFO John Dietrich. Shares of FedEx ( FDX ) were up 1.1% in after-hours trading on Thursday, after...
John Chirico, Citigroup Inc. ’s global chair of investment banking, is retiring after decades of work for some of the bank’s most important clients. The move was announced Thursday in an internal memo reviewed by Bloomberg News. “John has built and developed banking teams charged with providing leading edge financing and advisory solutions to our clients globally” Vis Raghavan , Citigroup’s head o...
John Chirico, Citigroup Inc. ’s global chair of investment banking, is retiring after decades of work for some of the bank’s most important clients. The move was announced Thursday in an internal memo reviewed by Bloomberg News. “John has built and developed banking teams charged with providing leading edge financing and advisory solutions to our clients globally” Vis Raghavan , Citigroup’s head of banking, said in the memo. Chirico has led banking for some of Citigroup’s most influential clients, including Verizon , Tesla and SpaceX . He also advised on major corporate restructurings at companies such as AT&T , AIG , Ford , General Electric and General Motors , according to the memo. Previously an engineer and product manager at Bell Laboratories, Chirico joined Salomon Brothers in 1997 in the financial strategy group, according to the memo. With the transition to Citigroup, John was promoted to lead the bank’s equity capital markets group in the Americas in 2005 and later to co-lead the combined debt and equity capital markets businesses. In 2019, Chirico was promoted to co-lead the bank’s investment banking and corporate banking units in the Americas, before being tapped in 2024 to lead the global corporate banking unit. He was named global chair of investment banking this year. A spokesperson for Citigroup confirmed the contents of the memo, but declined to comment further.