投资要点： 事件：中国工程机械工业协会发布2026年2月主要企业挖掘机和装载机销量统计。 挖掘机：2026年2月销售各类挖掘机17226台，同比下降10.6%，其中国内销量6755台，同比下降42%；出口销量10471台，同比增长37.2%。2026年2月销售电动挖掘机35台。2026年1-2月国内销量15478台，同比下降9.19%；出口20456台，同比增长38.8%。 装载机：2026年2月销售各类装载机9540台，同比增长9.28%。其中国内销量3863台，同比下降14.3%；出口销量5677台，同比增长34.4%。2026年2月销售电动装载机2142台。2026年1-2月国内销量9156台，同比增长11.5%；出口12143台，同比增长43.9%。 挖掘机出口向好。国内方面，2026年2月挖掘机内销同比下降42%，主要系2026年春节假期位于2月，2月工作日减少导致短期需求走弱，同时去年同期基数相对较高导致，需求落地滞后。未来国内有色矿山、重大水利工程、新藏铁路、高标准农田等项目将逐步落地，释放需求红利，助力国内工程机械行业需求回升。挖掘机寿命在8年左右，上一波销量高峰在2019-2022年，政府持续推动大规模淘汰老旧设备补贴政策落地，刺激下游更新需求提前释放，挖掘机需求进入了理性增长期，预计内销呈持续复苏态势。海外方面，2026年2月出口同比增长37.2%，即使遇到国内春节假期，海外销量也持续向好；2025年12月，我国挖掘机（含履带式和轮式）出口总额为12.77亿美元，环比增长39.28%，与2024年同期的7.29亿美元相比大幅增长75.17%；俄罗斯、印度尼西亚、几内亚、菲律宾四国均有明显涨幅，其中俄罗斯和几内亚涨幅均超100%，高性价比和优质售后国产设备受到青睐，国产设备全球渗透率逐步提升。从工程机械出口金额来看，2025年我国工程机械整机贸易出口金额601.69亿美元，同比增长13.8%。今年全年挖掘机行业预计呈持续复苏态势。 装载机内外销大幅增长。2026年1-2月国内销量同比增长11.5%，内销持续复苏，表明国内需求回升，主要受益于国内重大项目集中开工，雅下水电站、新藏铁路等项目开工，项目进入土石需求高峰期，促进装载机内需上升。2026年2月海外销量出口同比增长34.4%，主要系全球新兴市场基建需求持续增长。2026年2月电动装载机销量21...

万源通(920060) 事件：公司发布2025年年报，2025年实现营收为11.80亿元，同比增长13.15%，归母净利润为1.25亿元，同比增长1.14%。公司拟向全体股东每10股派发现金红利5元（含税），预计总派发金额为7602万元。 投资要点 2025年公司实现业绩稳健增长，营收达11.80亿元，同比增长13.15%：公司在宏观经济与行业竞争承压的背景下实现了经营业绩的稳健增长，归属于上市公司股东的净利润达1.25亿，同比增长1.14%。国内昆山与东台工厂实现高效联动，扩充产能；国外启动泰国生产基地建设，2025年境外收入同比增长75.29%，充实公司全球化战略布局，提升抗风险能力与响应速度。公司计划继续布局优化，并实现产品突破。 AI驱动PCB行业进入新增长周期，产业格局迈向双中心演进阶段：随着AI算力大幅提升催动高端产品市场扩容，PCB产品性能要求进一步提升。Prismark预计全球PCB市场有望在2029年突破千亿美元大关，加之AI服务器集群PCB用量激增，性能要求逐步严苛，PCB价值量也迎来大规模释放，从而驱动全产业链技术升级，向高密度互联、高层数、高频高速及系统级封装融合方向演进。另一方面，全球贸易环境变化拉动PCB产能转移，产业地理格局正向“中国+东南亚”双中心演进。公司持续在新领域加强研发，积极布局泰国生产基地，加速构建双循环发展格局，迎合了行业转型升级需求。 重点布局核心领域，以技术创新加速承接行业红利：2025年公司研发支出达0.43亿元，拥有专利数量达91个，同比增加7个，现有研发项目覆盖光模块产品技术研发与高端产品可靠性升级项目，展现了优良的红利承接能力，为切入高端市场奠定了坚实基础。同时，公司进一步推动产能资源向高多层板、高频高速板等高端产品倾斜，匹配了快速增长的市场需求。万源通正面临技术研发成效与宏观波动的不确定性，但凭借优秀的全流程生产能力与优质客户群构建起了核心竞争壁垒，未来公司将进一步深化市场拓展，提升技术壁垒，提升全球渗透与服务能力。 盈利预测与投资评级：公司经营业绩稳定增长，PCB行业进入新一轮增长周期，有望持续释放增长红利。综合考虑，我们调整公司2026-2028年归母净利润预测至1.53（+0.03）/1.75(+0.1)/2.28（新增）亿元，对应PE分别34.85/30.58/23.41倍，维持“买入”评级。 风险提...

投资要点 事件： 3月10日，海关总署发布2026年1-2月外贸数据。 2026年1-2月，以美元计价，出口同比21.8%， 2025年12月同比6.6%；进口同比19.8%， 2025年12月同比5.7%。 核心观点： 2026年1-2月出口增速超预期， 规模创同期历史新高，“开门红”得到兑现。 一方面， 全球制造业景气度回暖，美日等主要发达国家制造业连续两个月处于扩张区间， 欧洲2月重回扩张区间， 直接拉动了外需， 东盟、非洲和“一带一路”国家出口增速也有明显提升；另一方面， 产业链优势下高端制造是出口增长的核心动力。 进口方面， AI产业链的快速发展也成为主要拉动项， 但传统内需相关商品进口依然偏弱。 长期来看， 出口产品的高端化，以及出口目的地的优化都具备延续性和持续性，虽然地缘政治局势可能形成扰动，但年内出口在高基数上依然有超预期的可能。 出口显著超预期， 大幅强于季节性。 同比来看， 1-2月21.8%， 较2025年12月回升15.2个百分点； 环比来看， 1-2月83.53%， 高于近4年同期均值64.79%， 明显强于季节性，尤其是在去年12月高基数上（单月规模历史最高）。 前两个月出口规模达6565.78亿美元，创下历史同期新高。 开年以来， 全球制造业景气度小幅回暖。 1-2月，摩根大通全球制造业PMI均值为51.4%，较2025年12月回升了1.0%，全球制造业景气度小幅回升。 整体来看， 1-2月美国ISM制造业PMI、 欧元区制造业PMI、 日本制造业PMI均值分别较2025年12月回升了4.6个、 1.4个、2.3个百分点至52.5%、 50.2%、 52.3%。 对美国、 东盟出口增速回升较大，对非洲出口贡献较多。 对美国、 欧盟、 东盟、日本出口增速皆有不同程度回升，较2025年12月分别回升19.01、 16.17、 18.25、 3.64个百分点至-11.00%、 27.80%、 29.4%、 8.9%。 从拉动的角度， 美欧日1-2月拉动6.13pct， 东盟拉动6.36pct， 合计整体较12月回升13.08pct；其他地区拉动9.3pct， 前值7.18pct， 其中对非洲出口贡献较大， 拉动6.04pct。 高端制造成为出口核心动力。 机电产品、高新技术产品、农产品出口增速皆有不同程度的回升， 较2025年12月分别回升...

报告要点 海外方面，本周地缘风险烈度下降，但持续性或超预期，要为市场波动做好准备。 我们认为，伊朗方面已经选出了新的领导人；伊朗封锁霍尔木兹海峡对油价影响较大，对美国通胀压力较大，美国国内通胀长期被选民诟病，预计构成特朗普“taco”最重要动力；伊朗为了保全政权生存谈判的意愿也比较强，双方可能在向着局势降级的方向演进，油价对于市场的冲击可能缓和。 国内方面，两会的关注点转向传统的投资和基建，总量政策变化不大。 今年GDP目标设置为4.5%-5%，我们假设按照平均值4.8%左右作为目标。而从政策的角度看，今年财政表内赤字率维持4%不变，广义赤字13.9万亿（一般债5.9万亿+特别国债1.6万亿+专项债6.4万亿），和去年持平。因此，今年4.5%-5%的赤字率主要需要表外特别是金融信贷的支撑，特别是以8000亿政策性金融工具撬动基建类投资。 “十五五”规划方面，数字基础设施、碳减排和先进制造仍是重点关注的产业方向。 中观行业：鉴于战争阶段性缓和，短期可积极关注景气度高的行业，看好科技板块反弹。结合国内经济形势、美国流动性预期情况，整体继续维持哑铃型配置。 进攻端可积极关注科技新技术（CPO、大模型、国产芯片等）、电网投资、近期涨价的周期品种（化工、有色）、电子布、存储等AI上游。 防御端除高股息外，战略性推荐消费等板块的配置价值：1）春节数据略好于预期，部分龙头公司业绩已出现改善迹象；2）板块去年整体三季度业绩基数较低；3）板块估值、机构配置水平处于历史低位，下行空间有限。4）对比海外，低利率环境下消费板块估值有望逐步抬升。 风险提示：国内风险：1）物价持续低位运行；2）地产销售继续下行；3）出口受贸易政策影响；4）固定资产投资增速转负风险；海外 风险：1）地缘政治风险：中东等地缘政治冲突可能进一步加剧；2）美国关税政策再调整风险；3）美联储降息不及预期风险；4）海外经济衰退风险

01 主要观点 PART ONE 宏观：伊朗局势仍不明朗，国内两会胜利开幕 影响因素 主要逻辑 回顾 本周国内大宗商品多数上涨，工业品和农产品多数品种均出现上涨。受中东地缘局势紧张的驱动，国际油价大幅上涨，带动能化板块集体走高。其他板块亦受到一定程度的驱动。 海外 1）伊朗局势仍不明朗，霍尔木兹海峡船运基本陷入停滞，导致全球能源价格在不确定性下持续飙升。美国总统特朗普已承诺将为霍尔木兹海峡上的油轮护航，但目前尚无可信的执行方案；同时，中东其他产油国预计很快将要减产，一系列问题导致WTI原油周五涨12.67%至91.27美元/桶，天然气价格也出现飙升。2）从2月就业数据来看，造成新增非农走弱的原因之一是医疗保健服务的罢工，大约影响了3.1万就业。但即使考虑到这部分就业，整体的新增就业仍然相对疲软。不过从失业率数据上来看，约4.4%的失业率并未显著走高，这对于美联储而言，意味着劳动力市场虽然走软，但并未出现全面大幅的降温，因此其大概率会选择继续观望。此外，如果油价出现长期的中枢上移，一方面会抬升美国通胀，另一方面则会压制美国经济增长，从而影响美联储决策。3）2026年2月美国制造业采购经理人指数（PMI）为52.4，较1月的52.6微幅下降0.2个百分点，但显著高于市场预期的51.8。一方面，制造业连续扩张印证了经济韧性；另一方面，价格指数的飙升强化了通胀顽固性的担忧。值得注意的是，本次调查数据统计于美伊冲突升级前，此后国际油价大幅跳涨，意味着价格压力可能进一步加剧。 国内 1）两会胜利召开。政府工作报告的重点，一是，2026年GDP增速目标定在4.5-5%，在实际工作中努力争取更好结果。在“十五五”开局之年，4.5-5%区间目标的设定，有助于“为调结构、防风险、促改革留出空间，为后期更好发展打牢基础”。二是“继续实施更加积极的财政政策”。赤字率拟按4%左右安排，持平于上年，由于名义GDP规模增长，赤字规模5.89万亿，比上年增加2300亿元。在增加赤字的方向上，政府工作报告提出“提高民生类政府投资比重”，在提高民生领域支出上有望更进一步。拟发行超长期特别国债1.3万亿，与上年持平，拟发行特别国债3000亿元，支持国有大型商业银行补充资本，较上年减少2000亿元。拟安排地方政府专项债券4.4万亿、持平于去年预算（去年四季度还使用了5000亿专项债限额余额，今年有望继续安...

市场分析 重视伊朗局势尾部风险。2月28日美国以色列对伊朗进行了空袭，随后伊朗伊斯兰革命卫队展开大规模反击。截至目前，中东及周边地区多处能源与生产设施遭打击损毁，地区生产与供应链受到显著冲击，且霍尔木兹海峡通行受到严重阻断。伊朗冲突时间已经超过美以最初4-5天“结束战争”的预期，甚至美国还存在进一步增派人手的风险伊朗局势的尾部风险急剧上升。伊朗局势主要影响的品种集中在原油、LPG和航运板块，并且油价的持续上涨已经形成对油化工和油脂油料的带动作用，且引发市场通胀造成经济衰退的担忧。若霍尔木兹海峡被更长时间阻断预计油价及对应板块仍有进一步走高的风险。中东主要产油国削减产量。阿联酋和科威特已开始减产，因霍尔木兹港关闭导致储罐迅速填满，伊拉克上周已开始关闭产能。哈梅内伊之子穆杰塔巴成为伊朗新任最高领袖；特朗普扬言未经美方认可的新领袖“难长久”，甚至威胁不排除武力夺取浓缩铀。美国总统特朗普8日对以色列媒体说，将在“适当时机”作出结束对伊朗军事行动的最终决定。受中东冲突升级引发的能源价格上涨担忧影响，韩国政府正考虑近30年来首次实施油价上限；韩国总统李在明表示，如有必要，将扩大100万亿韩元的市场稳定计划规模。关注国内两会。2026年政府工作报告提到，经济社会发展总体要求和政策取向：经济增长4.5%—5%，赤字率拟按4%左右安排，赤字规模5.89万亿元、比上年增加2300亿元。一般公共预算支出规模将首次达到30万亿元、比上年增加约1.27万亿元。拟发行超长期特别国债1.3万亿元，持续支持“两重”建设、“两新”工作等。我们复盘历史上13个样本的两会表现：两会期间股商有压力，两会后股指回暖，一、两会期间，市场存在“卖事实”表现，整体A股指数平均涨跌幅录得负数，但样本平均上涨概率接近50%附近，A股有压力但幅度有限；而商品板块的压力明显，整体指数的样本上涨概率仅有15%，其中煤焦钢矿、农副产品、化工、有色均面临一定压力；二、两会结束后，股指再度走强，其中中证500和中证1000涨幅和胜率均领先，商品板块则未有明显规律。基本面来看，受政府停摆影响美国2025年四季度GDP环比折年率录得1.4%，低于预期的2.5%，此外，美国2月非农意外减少，叠加油价上涨进一步限制降息空间。国内1月社融开门红，显示稳增长政策有望超前发力。中国2月官方制造业PMI49，非制造业PMI49.5。中国2月CP...

【宏观经济】2月通胀点评张晓娇朱启兵。2月CPI和PPI同比增速均高于万得一致预期；CPI增速受春节假期消费影响较大，食品和服务价格均有不同程度的显著上涨；PPI受现代化产业体系建设和“反内卷”政策影响，延续同比增速上行趋势；2月输入性因素的影响仍较大，国际金价持续影响CPI，国际油价的波动也对CPI和PPI构成上行拉动；关注3月国际油价超预期波动对国内通胀的输入性影响加大的情况。 【食品饮料】食品饮料行业政府工作报告学习体会邓天娇。2026年3月5日，十四届全国人大四次会议在北京召开，国务院总理李强作政府工作报告（以下简称“报告”）。政府工作报告回顾总结了2025年取得的重大成绩，并对2026年经济社会发展和政府工作作出指导。政府工作报告强调坚持内需主导，激发居民消费内生动力和促消费政策并举，消费对经济贡献的重要性进一步增加。在经济结构转型的大背景下，部分传统消费行业面临短期阵痛，随着宏观经济持续恢复，以及国内政策制度的逐步完善，消费行业有望走出困境，建议积极把握不同子行业结构性投资机会。 【交通运输】交通运输行业周报王靖添。交通新生态方面，两会明确因地制宜发展交通运输生产力，低空经济与RoboTaxi等主题赛道具有趋势性投资机会。低空经济方面，迅起科技V1000混动eVTOL正式亮相，千公里级航程打开城际低空应用空间。物流方面，京东物流2025年收入突破2171亿元，JoyExpress品牌落地欧洲中东核心市场。航空方面，中国往返中东航班恢复显著分化，中东地区国际航线供给短期承压。航运方面，霍尔木兹海峡航运瘫痪致中东航线停摆，大西洋航线承接转移需求成交活跃。 【基础化工】化工行业周报余姝嫄范琦岩。三月份建议关注：1.地缘政治事件对原油及部分石化产品带来的价格影响；2.低估值行业的龙头公司；3.“反内卷”等背景下相关子行业涨价行情；4.下游需求旺盛，自主可控日益关键背景下的电子材料公司与涨价背景下的部分新能源材料公司。 【计算机】OpenClaw带领AI步入“实用Agent”时代杨思睿郑静文。OpenClaw热度高涨，表明AI时代用户更需要能执行复杂任务的智能体（Agent），OpenClaw有望带领AI正式步入Agent时代。政府工作报告六次重点提及量子科技，我国在量子计算、通信及精密测量领域接连取得重大突破，产业呈现快速增长，使其有望成为引领新一轮科技革命的国...

Deadline Alert: Oracle Corporation (ORCL) Shareholders Who GlobeNewswire

(AMD) Trading Report Trading Plans (Long Term) No Long plans offered at this time. Short near 38.53, target n/a, stop loss @ 38.72 Check the time stamp on this data. Updated AI-Generated Signals for Advanced Micro Devices CDR (CAD Hedged) (AMD:CA) available here. AMD:CA Ratings for March 9: Term Near Mid Long Rating Weak Weak Strong ⚠Triggers may have already come Get Real Time Triggers Here.

This article first appeared on GuruFocus. Nvidia (NVDA, Financials) has selected Samsung Electronics and SK Hynix as the suppliers of sixth-generation high-bandwidth memory (HBM4) for its upcoming Vera Rubin AI accelerator, according to a report from the Korea Economic Daily citing industry officials. The arrangement puts the two South Korean chipmakers in a good position to provide an important part for Nvidia's next-generation AI platform, which is expected to run sophisticated data center workloads and large-scale AI models. AI accelerators need high-bandwidth memory because it lets data move between processors and memory stacks more quickly. As more and more people want AI computing, sophisticated memory technologies like HBM have become a must-have for high-performance semiconductor systems. The source added that the decision leaves out Micron Technology (MU, Financials), a U.S.-based memory maker that has been trying to get supply positions in Nvidia's growing AI hardware ecosystem. As cloud providers and businesses spend more on data center hardware, Nvidia has quickly grown its AI infrastructure services. The Vera Rubin platform is likely to come after the company's current generation of AI processors, which might lead to even more need for enhanced memory. Investors will probably keep an eye on Nvidia's next updates to its product roadmap and manufacturing schedules to learn more about the Vera Rubin platform.

German robotics startup Neura Robotics has inked a partnership with semiconductor giant Qualcomm to build the next generation of robots and physical AI. The deal is the latest coupling in the emerging physical AI industry between robotics startups and larger tech hardware and software companies. While no specific products were mentioned in the Monday announcements, the companies will work together to build the “brain and nervous system” of robots in a quest to advance the deployment of humanoid and general-purpose robots in the real world in both domestic and industrial settings. More specifically, Neura will use Qualcomm’s Dragonwing Robotics IQ10 processors as reference designs in its robots. This IQ10 series was announced at CES earlier this year, and these chips are designed to work with autonomous mobile robots (AMRs) and humanoids. Neura also plans to use its Neuraverse robotic simulation and training platform, which was released in June 2025, to test and fine-tune the robots running on Qualcomm’s IQ10 processors. “This collaboration marks a major step toward making physical AI real: open, scalable, and trusted,” David Reger, CEO and founder of Neura Robotics, said in a press release. “By bringing together our cognitive robotics platforms and the Neuraverse ecosystem with Qualcomm Technologies’ leadership in edge AI and connectivity, we’re aiming to accelerate a future where cognitive robots operate safely alongside humans across industries and throughout everyday life.” This deal makes a lot of sense for both sides. And it’s a formula that will likely become a popular strategy for robotics companies trying to bring their products into the real world. For instance, Boston Dynamics announced a strategic partnership with Google DeepMind in January to speed up the development of the robotic company’s Atlas humanoid robot by using Google’s AI foundational models. While Boston Dynamics and Neura’s respective partnerships deal with different technologies — AI models...

格隆汇3月9日｜特朗普就油价问题表示：“我对一切都有计划”。

This article first appeared on GuruFocus. Apple (AAPL, Financials) is increasingly targeting lower-priced device segments as part of a strategy to expand its user base while maintaining margins on premium products, according to a research note from Bernstein. The firm analyzed Apple's recent Launch Week, held from March 2 to March 4, during which the company introduced several devices designed to strengthen its ecosystem amid a weak outlook for global smartphone and PC markets. Apple unveiled a new $599 entry price point across multiple products, including the iPhone 17e, iPad Air powered by the M4 chip, and a new MacBook Neo. Bernstein said the move signals a broader push into more affordable hardware segments aimed at attracting new users and increasing market share. At the same time, Apple raised prices on certain premium devices while improving base specifications, including doubling starting storage on some models. Analysts said this approach helps justify higher prices while reducing potential consumer resistance. Bernstein said Apple appears willing to accept lower hardware margins on budget devices to expand its installed base, which can generate higher-margin revenue through services tied to the company's ecosystem. The research firm maintained an outperform rating on Apple with a $340 price target, suggesting potential upside from the stock's recent closing price near $262.

据报道，特朗普就油价问题表示：“我对一切都有计划”。(财联社) 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

A group of banks led by Goldman Sachs Group Inc . is bracing for losses on a debt deal backing chemical maker Arclin Inc. ’s acquisition of DuPont de Nemours Inc. ’s Aramids business after investors balked amid concerns about the industry’s volatility. Arclin’s $1.1 billion leveraged loan sold at just 92 cents on the dollar — a steep discount that forced the group of banks to absorb losses to cover the higher borrowing costs they had promised the company, according to people familiar with the matter. Banks typically have some flexibility on the discount they can offer before eating into fees they get from the deal. But at 92 cents, this exceeded that level, the people said, asking not to be identified discussing private information. The final tally of the losses wasn’t immediately clear, they said. The loan is part of a broader financing package that went through a few iterations as the banks sought to assuage investor concerns about demand swings in the specialty chemicals sector. The deal now includes a $645 million bank-held term loan A which will also help fund the Aramids acquisition, the people said. The lenders plan to sell that piece to investors at a later date when markets are less volatile, according to the people. The bank group additionally offered a privately-placed bond at a 9.75% coupon and roughly 94 cents on the dollar, equal to a yield of approximately 11%, the people said. A representative for Goldman Sachs declined to comment. A representative for TJC, the private equity firm that owns Arclin, didn’t have a comment. Goldman Sachs kicked off the loan sale in early February to finance the $1.8 billion purchase of DuPont’s Aramids operations, which make fibers used for protective gear like body armor. Arclin’s struggles follow a sharp drop in secondary loan prices, which have been battered by a dip in software companies’ debt and rising unease from conflict in the Middle East. Other deals have also struggled in the leveraged loan market. Units of m...

koto_feja/iStock via Getty Images Investment Overview Xenon Pharmaceuticals Inc. ( XENE ) completed its Initial Public Offering in November 2014, issuing 4m shares priced at $9 per share. As of the close of business on Friday 6th March, the stock traded at $42 per share - up >350% since listing. However, pre-market today, March 9th, 2026, they were priced even higher - ~$62.4, up ~48% - as the company shared positive top line data from its Phase 3 X-TOLE-2 study of lead drug candidate Azetukalner in patients with focal onset seizures ("FOS"). According to a press release issued by the company earlier today: The study met its primary endpoint of MPC (median percentage change) in monthly FOS frequency from baseline to week 12 in both the 25 mg and 15 mg azetukalner dose groups compared to placebo [MPC of -53.2% (p=0.000000000006), -34.5% (p=0.00007) and -10.4%, respectively]. The placebo-adjusted MPC in the 25 mg group was -42.7%, outperforming the previously completed Phase 2b X-TOLE study, which demonstrated a -34.6% placebo-adjusted MPC in the 25 mg dose group over 8 weeks (-52.8% in the 25 mg group and -18.2% in the placebo group). Azetukalner also demonstrated a safety and tolerability profile consistent with prior studies. In its recent 2025 annual report / 10-K submission , Xenon states that its: goal is to build a fully-integrated and profitable biopharmaceutical company that discovers, develops, and commercializes innovative therapeutics to treat a range of neurological and psychiatric disorders. The company discusses its lead drug as follows: Azetukalner, a novel, potent Kv7 potassium channel opener, represents the most advanced, clinically-validated potassium channel modulator in late-stage clinical development for the treatment of multiple indications, including two in epilepsy – focal onset seizures, or FOS, and primary generalized tonic-clonic seizures, or PGTCS, – as well as neuropsychiatric disorders, including MDD or BPD. Azetukalner studies overview ...

In trading on Monday, shares of the Vanguard Small-Cap ETF (Symbol: VB) entered into oversold territory, changing hands as low as $258.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Vanguard Small-Cap, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 33.9. A bullish investor could look at VB's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), VB's low point in its 52 week range is $190.27 per share, with $281.90 as the 52 week high point — that compares with a last trade of $261.23. Vanguard Small-Cap shares are currently trading off about 1.9% on the day. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Monday, shares of the Invesco High Yield Equity Dividend Achievers ETF (Symbol: PEY) crossed below their 200 day moving average of $21.03, changing hands as low as $20.64 per share. Invesco High Yield Equity Dividend Achievers shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of PEY shares, versus its 200 day moving average: Looking at the chart above, PEY's low point in its 52 week range is $19.2713 per share, with $22.675 as the 52 week high point — that compares with a last trade of $20.59. Click here to find out which 9 other ETFs recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Russian government hackers are targeting Signal and WhatsApp users, particularly government and military officials, as well as journalists all over the world, Dutch intelligence said on Monday. The Netherlands’ Defence Intelligence and Security Service (MIVD) and the General Intelligence and Security Service (AIVD) published details about a “large-scale global” hacking campaign against Signal and WhatsApp users. The two agencies accused “Russian state actors” of using phishing and social engineering techniques — rather than malware — to take over accounts on the two messaging apps. In the case of Signal, the hackers are masquerading as the app’s support team and messaging targets directly with warnings of suspicious activity, “a possible data leak,” or of attempts to access the target’s private data. If the target falls for it, the hackers ask for a verification code sent via SMS — the hackers themselves request this code from Signal — as well as the targets’ PIN code. Contact Us Do you have more information about this hacking campaign, or other campaigns targeting Signal and WhatsApp? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram and Keybase @lorenzofb, or Do you have more information about this hacking campaign, or other campaigns targeting Signal and WhatsApp? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram and Keybase @lorenzofb, or email . The hackers then use the verification and PIN codes to register a new device with a new phone number, impersonate the target, and potentially access their contacts, according to the report. Also, the target gets locked out of their account, but can re-register their number. “Because Signal stores the chat history locally on the phone, a victim can regain access to that history after re‑registering. As a result, the victim may assume that nothing is wrong. The Dutch service...

Most of the 2026 gains in the S&P 500 energy sector came before the U.S. and Israel attacked Iran. Meanwhile, stock prices are pulling back in one corner of the oil and natural-gas industry.

Here’s How YCG’s Strategy of Buying Cyclically Unprofitable Stock, Apple (AAPL), Has Paid Off Insider Monkey

Douglas Rissing Anthropic ( ANTHRO ) has retaliated against the U.S. Department of War with a pair of civil suits after the department dropped its contract with the AI startup and labeled it a "supply-chain risk" due to ideological differences. The startup filed one suit in the U.S. District Court in the Northern District of California and another in the D.C. Circuit Court of Appeals, according to The New York Times . It accuses the Pentagon of inappropriately applying the label over philosophical differences. It is the only time the label has been given to a U.S. business. "This is a necessary step to protect our business, our customers, and our partners," Anthropic said in a statement, according to the report . "We will continue to pursue every path toward resolution, including dialogue with the government." Anthropic, which developed the Claude chatbot, has provided AI systems for classified Pentagon work since last year. But the company balked when the Department of War sought unrestricted access to its technology for lawful military use ahead of the recent strike on Iran. Those limits include barring mass surveillance of Americans and refusing to allow its AI to operate fully autonomous weapons without human oversight. In late February, U.S. President Donald Trump ordered federal agencies to stop using Anthropic's AI tools, canceling more than $200M in contracts. Defense Secretary Pete Hegseth described the company as a national security "supply chain risk." OpenAI ( OPENAI ) was swift to swoop in and sign a contract with the Pentagon to begin deploying its AI models within a classified government network. However, even Anthropic rival OpenAI said it did not consider the company a "supply chain risk." In the new lawsuits, Anthropic, which is backed by Amazon ( AMZN ), contends the status is unlawful and was politically motivated to punish the company. Anthropic CEO Dario Amodei argued against the designation after receiving a letter from the Department of War o...

NoDerog/iStock Unreleased via Getty Images Hormel Foods Corporation ( HRL ) share price has fallen from its peak in April 2022, along with its valuation. Simultaneously, the dividend yield had soared to over 5% before recently pulling back. The combination makes Hormel interesting. Granted, operational challenges and inflation have taken their toll, but leadership changes, portfolio reshaping, and business simplification are the right moves. Moreover, the balance sheet is sound, the risk of a dividend cut is low, and the firm has market leadership in multiple protein product categories. The company is also a Dividend King with a 60-year streak of increases. The share price decline in late 2025 and the recent earnings revision have made this stock undervalued. Hence, I view Hormel as a strong buy. Overview of Hormel Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, MN. Today, the company is a market leader in branded and commodity protein sales, particularly pork, turkey, and nuts. It also sells various other food products outside of these categories. The firm operates globally in three segments: Retail (62% of revenue), Foodservice (32% of revenue), and International (6% of revenue). Its top eight brands are Jennie-O, Hormel Chilli, Black Label Bacon, Hormel Pepperoni, Planters, Spam, Applegate, and Skippy. It is the market leader in over 40 product categories. Total revenue was over $12,106 million in the fiscal year 2025 and $12,145 million in the last twelve months (“LTM”). The company’s fiscal year ends on the last Friday in October. Hormel Investor Relations Latest Results Hormel reported mixed first-quarter fiscal year 2026 results on February 26 th , 2026, beating bottom-line analyst estimates by $0.02 per share, but missing revenue estimates by $30 million. Still, revenue increased 1.3% to $3,027 million from $2,989 million year-over-year. Diluted adjusted earnings per share (“EPS") decreased $0.34 from $0.35 in the prior year on c...

Investors have a tricky balancing act on their hands during the Iran war, Jim Cramer said Monday, recognizing both the real risks that surging oil prices pose to stocks and the difficulties of timing the market. After a weekend of escalation in the Middle East, Jim said the current conditions in the oil market — including the Strait of Hormuz shipping lane at an effective standstill and a steady attack on the energy infrastructure — are very troublesome for the economy and, by extension, the stock market. Global oil benchmark Brent crude traded around $100 per barrel in late Monday morning trading, up nearly 7%. Reports that the Group of Seven nations is considering dipping into its strategic crude reserves moved Brent off its overnight high above $119. West Texas Intermediate crude, the American standard, also topped $119 overnight, before trimming gains on the G7 chatter and dipping below $97. Jim, however, said he wasn't ready to rule out a worsening of conditions that sends oil back to those levels and potentially even higher into the realm of $150 a barrel. In mid-February, Brent was in the upper $60s. Prices at the pump in the U.S. have already moved up considerably. The average price of U.S. gasoline reached $3.48 a gallon on Monday, up 16% from a week ago, according to AAA. Anything that dampens expectations of future corporate profits is problematic for the stock market. With the surge in oil, businesses are not only confronting higher input costs that could eat into their margins unless they raise prices. But consumers will also have less money to spend elsewhere in the economy if more of their budgets go toward filling up their tanks. "This is going to cut into consumer spend. It always does," Jim said on CNBC. That's why big moves higher in oil prices are typically accompanied by significant drawdowns in the stock market, he explained. The most recent example is in 2022, when Russia's invasion of Ukraine in late February sent oil prices into triple-digit...

美團－Ｗ(03690)出現大手賣出6.61萬股，成交價$78.55，涉資519.216萬 AASTOCKS.com

美国总统特朗普9日对《纽约邮报》说，目前还“远未到”下令美军进入伊朗“保护”核材料的地步。在谈到有关美国可能向伊朗伊斯法罕地下铀浓缩设施部署兵力的报道时，特朗普说：“我们还没有就此做出任何决定。我们离那一步还很远。”谈及伊朗新任最高领袖穆杰塔巴.哈梅内伊，特朗普再次表示“不高兴”。(新华社) 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

metamorworks/iStock via Getty Images Micware’s Financials Are Deteriorating Micware Co., Ltd. ( MWC ) has filed proposed terms for a $30 million U.S. IPO, per an F-1 SEC registration statement . The company provides software development and related services for the automotive and mobility sectors. Its topline revenue growth rate is slowing, operating margin is dropping, valuation is excessive and it suffers from intense customer concentration and vulnerability. My outlook on the MWC IPO is to sell (avoid it). What Does Micware Do? The company specializes in the development of software for what it calls software-defined vehicles. Micware was founded in 2003 and its main focus is on in-vehicle infotainment [IVI] systems for multimedia, navigation, human interface, driver assistance and telematics applications. It reports revenue from three segments: Software development Licensing Software-related services The revenue contribution from the three segments and its Japan/International breakdown for the first six month of fiscal 2026 is shown in the pie charts below: SEC The company has offices throughout Japan, and in overseas locations of the U.S., Germany and Thailand. Micware’s customer base is primarily focused on automotive OEMs, which include Toyota and Honda, who have become shareholders in the firm. The firm’s Selling, G&A expenses as a percentage of total revenue have trended higher in recent quarters, per the table below: Selling, G&A Expenses vs. Revenue Period Percentage Six Months Ended August 31, 2025 18.7% FYE February 28, 2025 19.8% FYE February 29, 2024 14.1% Click to enlarge (Source - SEC) Its core operating leverage ratio has fluctuated within a moderately narrow range: Core Operating Leverage Ratio Period Ratio Six Months Ended August 31, 2025 0.76 Six Months Ended August 31, 2024 0.66 FYE February 28, 2025 0.71 FYE February 29, 2024 0.64 Click to enlarge (Source - SEC) Its Rule of 40 results have been in need of improvement: Rule of 40 Calculation Rec...

Micron Technology (NASDAQ:MU - Get Free Report) had its price target upped by stock analysts at Citigroup from $385.00 to $430.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor manufacturer's stock. Citigroup's target price would indicate a potential upside of 14.39% from the stock's current price. Several other analysts have also commented on MU. Needham & Company LLC increased their price target on shares of Micron Technology from $380.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Morgan Stanley boosted their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $220.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, December 18th. Finally, Barclays lifted their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and a consensus price target of $381.14. Get Micron Technology alerts: Sign Up Check Out Our Latest Research Report on MU Micron Technology Stock Up 1.5% Shares of NASDAQ:MU traded up $5.62 on Monday, reaching $375.92. The company had a trading volume of 16,662,047 shares, compared to its average volume of 35,610,973. The firm has a market capitalization of $423.10 billion, a PE ratio of 35.73 and a beta of 1.50. The company h...

Donald Trump threatened not to sign any bills until Congress approves the Save America Act, a curtailment of voting access. The president, fixated on unsubstantiated claims that noncitizens are stealing US elections ahead of midterm elections that are expected to be bruising for Republicans, said on Truth Social Sunday that the Save America Act “must be done immediately” and “supersedes everything else”. “MUST GO TO THE FRONT OF THE LINE. I, as President, will not sign other Bills until this is passed, AND NOT THE WATERED DOWN VERSION – GO FOR THE GOLD,” he wrote. He laid out a list of what he wanted in the bill, much of which is not currently in the proposal: showing voter ID and proof of citizenship, banning mail ballots except for a few instances, and, unrelated to voting, a ban on transgender people participating in women’s sports and gender-affirming surgeries for minors. The White House previously confirmed that Trump was pushing for measures to be added to the voting bill on trans issues. The White House press secretary, Karoline Leavitt, said last week that Trump “added on some priorities” for the bill, including a ban on “transgender transition surgeries for minors”. “We are not gonna tolerate the mutilation of young children in this country. No men in women’s sports,” she said. “The president putting all of these priorities together speaks to how common sense they are.” The Save America Act is a rebranded name for the Safeguard American Voter Eligibility Act, or the Save Act, a bill that has been circulating through Congress in some version for more than two years. The US House passed the bill earlier this year, but it faces steep odds in the Senate, where it would need 60 votes to move forward because of the filibuster rule. Republican senators will face heavy lobbying to lift the filibuster to advance the act. Already, Ken Paxton, a Republican contender for US Senate in Texas who is facing a heated runoff with John Cornyn, said he would consider dropping...

Hong Kong has been urged to extend its stock trading hours to maintain its status as an international financial hub, as competitors move towards near 24-hour operations to capture global liquidity. Speaking at the “ Redefining Hong Kong 2026 Budget Edition ” forum organised by the South China Morning Post on Monday, Kenny Shui Chi-wai, vice-president of think tank Our Hong Kong Foundation, said the city should consider lengthening the stock market’s trading hours, which rivals were already doing. “In the past, Hong Kong, London and New York complemented each other to cover the global call. But nowadays, the London Stock Exchange and also the New York Stock Exchange are exploring 24-hour trading,” he said. Advertisement “For the Hong Kong stock exchange, I think we also need to think about whether we need to extend our trading hours to maintain our global competitiveness and also increase our transactions.” The stock market, operated by Hong Kong Exchanges and Clearing (HKEX), currently trades for 5½ hours on weekdays, from 9.30am to 4pm, with a one-hour lunch break. That compares with four hours of trading in Shanghai and Shenzhen, five hours in Tokyo, 6½ hours in Toronto, 8½ hours in London and 14 hours in Frankfurt. Advertisement Shui also suggested lowering the 500,000 yuan (US$72,500) entry requirement for mainland Chinese investors under the cross-border Stock Connect scheme to attract more capital.