Key Points Slate Path Capital LP sold 5,973,800 shares of GitLab (GTLB), with an estimated trade value of $174.48 million based on quarterly average pricing Quarter-end position value declined by $224.20 million, reflecting both trading activity and price movement Represents a 2.59% reduction in fund 13F assets under management (AUM) Post-trade, the fund holds zero shares and $0 value in GitLab The position previously accounted for 3.0% of fund AUM, marking a significant exit from a notable holding 10 stocks we like better than GitLab › What happened According to a filing with the U.S. Securities and Exchange Commission (SEC) dated May 15, 2026, Slate Path Capital LP reported selling its entire holding of 5,973,800 shares of GitLab (NASDAQ:GTLB). The estimated value of the trade was $174.48 million, based on the average closing price for the quarter. The net position value declined by $224.20 million, reflecting both share sales and price movements during the period. What else to know This was a complete exit from GitLab, with the stake dropping from 3.0% of AUM in the previous quarter to zero post-trade (current stake: n/a of AUM). Top holdings after the filing: NASDAQ: TXN: $518.40 million (7.7% of AUM) NASDAQ: ON: $482.90 million (7.2% of AUM) As of May 14, 2026, GitLab shares were priced at $22.60, down 57.7% over the past year, underperforming the S&P 500 by 85.0 percentage points. Company/ETF overview Metric Value Revenue (TTM) $955.22 million Net Income (TTM) $-55.96 million Price (as of market close May 14, 2026) $22.60 One-Year Price Change -57.70% Company/ETF snapshot GitLab Inc. is a technology company specializing in end-to-end DevOps solutions, serving clients worldwide from its base in San Francisco. The company leverages a unified platform to drive faster software delivery and increased visibility across the development lifecycle. Its integrated approach positions GitLab as a key partner for organizations aiming to accelerate digital transformation an...

在岸人民币兑美元较周二夜盘收盘涨150点 2026-05-21 03:32:41 来源： 同花顺7x24快讯 分享 在岸人民币兑美元(CNY)北京时间03:00收报6.7972元，较周二夜盘收盘涨150点。成交量556.24亿美元。

ArtMarie/E+ via Getty Images Watsco ( WSO ) is the largest HVAC distributor in the country, is debt-free, is consistently profitable, and has built a technology platform in e-commerce and contractor tools that no competitor has come close to replicating. Since my last article on the company, where I rated shares a 'hold,' shares have been range-bound as the S&P 500 has gone on to deliver a 50% total return. Even with the valuation compression, I see little to get excited about following the company's most recent Q1'26 results , reported April 28. A look at Q1'26 results Watsco reported a quarter that beat on both the top and bottom lines relative to analyst expectations. On revenue, the top line was essentially flat at $1.533 billion but beat the sell-side estimate by $45 million or by about 3%. Geographically, U.S. markets were up 2%, and international was down 11%, with Latin American weakness driving the international shortfall. HVAC equipment at 65% of sales declined 1%. The nuance here is that unit volumes were down meaningfully, but it was offset with a 9% increase in average selling price from a higher mix of A2L refrigerant-compatible and higher-efficiency systems. Other HVAC products (which are ~30% of sales) grew 4%. Commercial refrigeration (the remaining 5% of sales) grew 11%. Seeking Alpha Company Filings Moving down the income statement, Watsco's gross margin of 27.9% came in slightly below the sell-side estimate of 28.2% and was down 20bps from last year largely as a result of the A2L product mix transition (source: Bloomberg). SG&A was flat in both dollar terms and as a percentage of revenue. Operating income of $110 million was down 2% year over year at a 7.2% margin. Finally, on earnings per share, EPS of $1.87 was down 3% from $1.93 but beat consensus by 19 cents. Company Filings Company Filings In my view, the operating cash flow picture was the most encouraging data point in the quarter. Cash from operations was -$19 million versus -$178 million...

格隆汇5月21日｜美国总统特朗普淡化了进一步加大对古巴政府施压力度的必要性。此前，美国以谋杀罪起诉古巴前领导人劳尔·卡斯特罗，此举显著升级了美国与古巴之间的对峙，外界猜测这可能是在为推翻古巴领导层的美国军事行动铺路。不过特朗普今日表示，他认为没有必要对古巴政府采取更激进行动。特朗普说：“不，不会升级。我认为没有这个必要。你看，那个地方正在崩溃，一团糟，他们某种程度上已经失去控制。他们确实已经失去了对古巴的控制。”在提出指控的同时，特朗普政府也正在进一步收紧对古巴的经济施压。美国实际上的封锁已切断燃料运输，而古巴政府表示，该国发电厂的柴油和燃料油已经耗尽。当被问及禁运将持续多久时，特朗普表示：“让我们拭目以待。我们很快就会宣布。”

Contributing to a 401(k) for many years could be your ticket to a financially stable retirement. But simply putting money into a 401(k) plan year after year isn't enough. It's important to invest your 401(k) mindfully and be strategic about funding and managing that account. And part of that means avoiding these key mistakes that could cause you serious problems once retirement arrives. 1. Not contributing enough to get your full employer match Many companies offer to match worker contributions to their 401(k)s. That could mean your employer will match a percentage of your salary or a preset dollar amount -- for example, give you up to $3,000 a year toward retirement savings regardless of what your salary is. A workplace match is basically free money for your retirement. And if you don't contribute enough to your 401(k) to claim your match in full, you could end up with a lot less money once you're ready to start tapping your savings. One thing to remember about 401(k) matching dollars is that you're able to invest that money. So over time, it could grow into a large sum. If your company offers a generous match, consider pushing yourself to work a side hustle so you're able to capitalize on it. You never know when you might switch jobs and end up working someplace where there's a much smaller 401(k) match, or no match at all. 2. Cashing out your savings too early Speaking of switching jobs, if you move from one company to another and cash out your 401(k) balance each time you do, you could end up with a serious problem once retirement rolls around. First of all, if you cash out a 401(k) before turning 59 and 1/2, you typically face a 10% early withdrawal penalty on your balance. So even though you might think it makes sense to pocket a 401(k) with $2,000 in it rather than deal with the hassle of rolling it into another retirement account, doing so will mean handing $200 over to the IRS right off the bat. Also, if you keep cashing out your 401(k) balances when you mo...

A sinkhole was discovered at New York’s LaGuardia airport on Wednesday, shutting down a runway while emergency crews sought to determine its cause and how to fix it. In a post on X, LaGuardia, which handles domestic travel, said the sinkhole had been discovered at about 11am “near runway 4/22” while the airport’s operator was conducting its daily morning inspection. “The runway was immediately shut down, and emergency construction and engineering crews are onsite to determine the cause and complete necessary repairs as quickly and safely as possible,” the post said. New York’s Port Authority warned that travelers should “expect delays and cancellations, particularly with forecast thunderstorms expected later today, and are strongly encouraged to check directly with their airlines for the latest flight status information”. LaGuardia is built on land reclaimed from the surrounding bay in the 1930s, and sits on an area that once featured homes, hotels and an amusement park. Airports are increasingly challenged by uneven ground sinking along runways, according to a 2025 report. San Francisco international airport is reportedly sinking the fastest. Overall, about 3.5m sq meters of runway experiencing significant sinking, and nearly 14,000 sq meters at high risk of structural damage, the report noted. The closure of LaGuardia comes nearly two months after an unrelated crash of Air Canada flight struck a Port Authority fire truck on the same runway as the sinkhole. Two pilots were killed. At 3pm EST, the FAA’s airport monitoring service reported that due to expected thunderstorms a traffic management program is in effect for arriving air traffic, causing some arriving flights to be delayed an average of 1 hour and 37 minutes.

Image source: The Motley Fool. Wednesday, May 20, 2026 at 9 a.m. ET CALL PARTICIPANTS Chairman, President, and Chief Executive Officer — Marvin R. Ellison Executive Vice President, Merchandising — William P. Boltz Executive Vice President, Stores — Joseph M. McFarland III Executive Vice President, Chief Financial Officer — Brandon J. Sink Vice President, Investor Relations — Shelly Hubbard TAKEAWAYS Sales -- $23.1 billion, representing 10.3% growth driven by seasonal execution and gains in Pro, Appliances, Online, and Home Services. -- $23.1 billion, representing 10.3% growth driven by seasonal execution and gains in Pro, Appliances, Online, and Home Services. Comparable Sales -- Increased 0.6%, marking four consecutive quarters of positive comps with February down 1.4%, March up 2.1%, and April up 0.5% as weather normalized. -- Increased 0.6%, marking four consecutive quarters of positive comps with February down 1.4%, March up 2.1%, and April up 0.5% as weather normalized. Adjusted Diluted EPS -- $3.03, up 3.8%, with a $2.90 GAAP diluted EPS reflecting a $96 million pretax charge from acquisition-related amortization. -- $3.03, up 3.8%, with a $2.90 GAAP diluted EPS reflecting a $96 million pretax charge from acquisition-related amortization. Gross Margin -- 32.7%, down 70 basis points due to the dilutive impact of FBM and ADG acquisitions, partially offset by higher credit revenue. -- 32.7%, down 70 basis points due to the dilutive impact of FBM and ADG acquisitions, partially offset by higher credit revenue. SG&A Expense Ratio -- 19.2% of sales, an improvement of 17 basis points, attributed to cost discipline and the accretive impact of acquisitions. -- 19.2% of sales, an improvement of 17 basis points, attributed to cost discipline and the accretive impact of acquisitions. Adjusted Operating Margin -- 11.5%, down 43 basis points as expected, reflecting acquisition mix and investments in productivity initiatives. -- 11.5%, down 43 basis points as expected, refle...

Photronics, IPG Photonics, AMD, KLA Corporation, and MACOM Stocks Trade Up, What You Need To Know The Globe and Mail

What Happened? A number of stocks jumped in the afternoon session after traders positioned ahead of Nvidia's fiscal Q1 earnings. Nvidia accounted for a significant percentage of the S&P 500's gains heading into the announcement, making the print the binary catalyst for the entire AI-infrastructure complex — networking ASICs, connectivity silicon, memory, and packaging all move together on the read-through. Falling oil prices also supported the bullish sentiment. Semis carry arguably the longest-dated cash flows in the equity market because most of their value sits in 2027–2030 AI capex, not in the current quarter. When Brent crude drops 5.21% (like it did during the session), expected inflation falls, the Fed gets more room to cut, and the discount rate applied to those distant cash flows compresses. A small rate move produces an outsized stock move, which is why a 5% oil decline can power 8%+ chip rallies on the same day. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Allegro MicroSystems (ALGM) Allegro MicroSystems’s shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock dropped 4.4% as a broad-based sell-off hit the semiconductor sector following news of a potential strike at Samsung and a stake sale by Taiwan Semiconductor Manufacturing (TSMC), which rattled global chip supply chains. These events highlighted significant supply-chain risks, triggering a sharp reversal across the chip industry. Adding to the sector's weakness were rising valuation concerns, inflation fears, and broader market jitters that led to renewed selling pressure on major companies like NVIDIA, Intel, and...

If you are choosing between Vanguard 500 Index Fund ETF (NYSEARCA:VOO) and iShares Core S&P 500 ETF (NYSEARCA:IVV), the index is the same. Both track the S&P 500. Both charge 0.03% in expenses. Yet over the past year, IVV returned 32.22% while VOO returned 32.12%. Over ten years, the gap flipped the other way: VOO ... IVV Beat VOO by 10 Basis Points Last Year and Securities Lending Is the Reason Most Investors Miss

Source: Bloomberg, 0:00

Alleged to be a Russian intelligence asset, Marsalek is the subject of an Interpol Red Notice and, as such, could be arrested if found in the territory of any of the countries belonging to the 196-member international police organisation.

What Happened? A number of stocks jumped in the afternoon session after traders positioned ahead of Nvidia's fiscal Q1 earnings. Nvidia accounted for a significant percentage of the S&P 500's gains heading into the announcement, making the print the binary catalyst for the entire AI-infrastructure complex — networking ASICs, connectivity silicon, memory, and packaging all move together on the read-through. Falling oil prices also supported the bullish sentiment. Semis carry arguably the longest-dated cash flows in the equity market because most of their value sits in 2027–2030 AI capex, not in the current quarter. When Brent crude drops 5.21% (like it did during the session), expected inflation falls, the Fed gets more room to cut, and the discount rate applied to those distant cash flows compresses. A small rate move produces an outsized stock move, which is why a 5% oil decline can power 8%+ chip rallies on the same day. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Photronics (PLAB) Photronics’s shares are extremely volatile and have had 38 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock dropped 3.8% on the news that a broader selloff hit the semiconductor sector amid valuation concerns and investor nervousness ahead of Nvidia's earnings report. The decline was part of an industry-wide trend where investors retreat from richly valued chip stocks. These stocks were a primary force behind the U.S. market's climb to record highs. Earnings from Nvidia, a key player in the artificial intelligence space, were viewed as a significant test for the AI boom narrative that powered the market. This uncertainty contributed t...

Image source: The Motley Fool. Thursday, November 6, 2025 at 7 a.m. ET CALL PARTICIPANTS Chief Financial Officer — Craig Yan Zeng Investor Relations Director — Sterling Song TAKEAWAYS Net Revenue -- RMB 1.78 billion, comprised of media services (RMB 298 million), leads generation services (RMB 664 million), and online marketplace and others (RMB 816 million, up 32.1% year over year). -- RMB 1.78 billion, comprised of media services (RMB 298 million), leads generation services (RMB 664 million), and online marketplace and others (RMB 816 million, up 32.1% year over year). NEV Revenue Growth -- New Energy Vehicle-related revenues, including new retail business, increased by 58.6% year over year. -- New Energy Vehicle-related revenues, including new retail business, increased by 58.6% year over year. Cost of Revenues -- RMB 646 million, rising from RMB 408 million in the same period of 2024. -- RMB 646 million, rising from RMB 408 million in the same period of 2024. Gross Margin -- 63.7%, compared to 77% for the prior year period. -- 63.7%, compared to 77% for the prior year period. Operating Profit -- RMB 147 million, up from RMB 83 million in 2024's third quarter. -- RMB 147 million, up from RMB 83 million in 2024's third quarter. Adjusted Net Income Attributable to Autohome ATHM +1.10% ) -- RMB 407 million, down from RMB 497 million the prior year. -- RMB 407 million, down from RMB 497 million the prior year. Non-GAAP Basic and Diluted EPS -- RMB 0.87 and RMB 0.86, respectively; Non-GAAP basic and diluted earnings per ADS were RMB 3.47 and RMB 3.45. -- RMB 0.87 and RMB 0.86, respectively; Non-GAAP basic and diluted earnings per ADS were RMB 3.47 and RMB 3.45. Operating Cash Flow -- Net operating cash flow of RMB 67 million generated during the period. -- Net operating cash flow of RMB 67 million generated during the period. Cash, Cash Equivalents, and Short-Term Investments -- RMB 21.89 billion as of September 30, 2025. -- RMB 21.89 billion as of September 30, 2025....

Joe Hendrickson Honeywell ( HON ) and the National Hockey League on Wednesday announced a multi-year partnership centered on arena operations, energy management and facility modernization across professional and community hockey venues in North America. The agreement names Honeywell ( HON ) the NHL’s official building automation and energy management partner. The companies said the collaboration will focus on improving efficiency and reliability at arenas, practice facilities and community rinks as attendance and participation in hockey continue to grow. Focus on arena infrastructure The partnership reflects increasing attention on the operational demands facing sports venues, which rely on extensive cooling, power, security and digital infrastructure to support games and fan experiences. Honeywell ( HON ) said its building automation technologies can help facilities monitor energy use, manage maintenance needs and coordinate systems such as fire safety, security and venue access. The company also pointed to growing power and cooling requirements tied to modern arena operations and digital services. “Today’s hockey venues are highly complex, dynamic environments where efficiency and reliability directly impact performance and business outcomes,” Juan Picon, president of the Americas for Honeywell Building Automation, said in the announcement. The NHL framed the partnership as part of broader efforts to modernize facilities while supporting local hockey infrastructure. “Our business requires an unprecedented level of interconnectivity and flexibility to deliver best-in-class experiences vital to the game on the ice and the fan experience off the ice,” David Lehanski, NHL executive vice president of business development and innovation, said in the announcement. Community rinks included The companies said the agreement also extends to community rinks, which often operate with tighter budgets and aging infrastructure. Honeywell ( HON ) said its systems could help operat...

The poll was triggered by the resignation of Labour MP Josh Simons, who stepped down to allow Greater Manchester Mayor Andy Burnham an opportunity to contest the seat and seek a return to Westminster.

Image source: The Motley Fool. Thursday, March 5, 2026 at 7 a.m. ET CALL PARTICIPANTS Chief Financial Officer — Craig Yan Zeng [Management Spokesperson] — Sterling Song TAKEAWAYS Net Revenue -- RMB 1.46 billion for the quarter, with media services contributing RMB 334 million, lead generation services RMB 68 million, and online marketplace and others RMB 408 million. -- RMB 1.46 billion for the quarter, with media services contributing RMB 334 million, lead generation services RMB 68 million, and online marketplace and others RMB 408 million. Gross Margin -- 78.2% compared to 76% in the prior year period. -- 78.2% compared to 76% in the prior year period. Cost of Revenues -- RMB 319 million versus RMB 428 million in the prior year period. -- RMB 319 million versus RMB 428 million in the prior year period. Operating Profit -- RMB 92 million compared to RMB 232 million in the prior year period. -- RMB 92 million compared to RMB 232 million in the prior year period. Non-GAAP Basic and Diluted EPS -- RMB 0.65 per share for both, down from RMB 1 per share in the prior year. -- RMB 0.65 per share for both, down from RMB 1 per share in the prior year. Full-Year Revenue Breakdown -- Total RMB 6.45 billion; media services RMB 1.15 billion, lead generation services RMB 2.71 billion, online marketplace and others RMB 2.59 billion (component figures do not sum due to business line overlap). -- Total RMB 6.45 billion; media services RMB 1.15 billion, lead generation services RMB 2.71 billion, online marketplace and others RMB 2.59 billion (component figures do not sum due to business line overlap). Adjusted Net Income -- RMB 1.61 billion for the year, with a 24.9% adjusted net margin. -- RMB 1.61 billion for the year, with a 24.9% adjusted net margin. Cash Holdings -- RMB 21.36 billion in cash, cash equivalents, short-term investments, and long-term financial products at year-end. -- RMB 21.36 billion in cash, cash equivalents, short-term investments, and long-term financial pro...

Tammy Kiely, senior managing director in technology investment banking at Evercore Inc., and Wally Cheng, Morgan Stanley's head of global technology M&A, discuss the outlook for dealmaking in the artificial intelligence sector. They speak with Dani Burger on ``Bloomberg Deals.'' (Source: Bloomberg)

据知情人士透露，白宫国家网络总监办公室于周二向OpenAI、Anthropic与ReflectionAI等公司通报了一项拟议的人工智能行政令。该命令将授权情报机构及其他政府部门，在先进AI模型公开发布前对其进行审查。 知情人士称，特朗普总统最早或于周四签署该行政令。另有两位知情人士补充，云服务商、半导体企业、网络安全公司及银行代表也出席了本次通报会。 该行政令旨在为前沿模型开发者建立一套自愿性框架，要求企业在新AI模型发布前向政府报备。根据拟议框架，AI实验室需在模型公开发布前最长90天向政府提交模型供审查。 责任编辑：李桐

According to a recent SEC filing dated May 13, 2026, Monashee Investment Management reduced its holding in Structure Therapeutics (NASDAQ:GPCR) by 175,000 shares during the first quarter. The estimated transaction value was $11.98 million, based on the quarter’s average closing price. The value of Monashee’s GPCR position decreased by $13.24 million over the quarter, a figure that includes both trading and stock price effects. Structure Therapeutics is a clinical-stage biotechnology company specializing in the development of novel oral therapies for chronic and serious diseases. With a focused pipeline led by GSBR-1290 for type-2 diabetes and obesity, the company leverages expertise in G-protein-coupled receptor (GPCR) drug targets to address significant market opportunities. Its strategy emphasizes innovation in small-molecule drug design, aiming to deliver differentiated treatments to large, underserved patient populations. Monashee sharply reduced its position in Structure Therapeutics, cutting its holdings from roughly 225,000 shares to about 50,000 shares -- even as the company itself seems to be doing well. So, what does this indicate about Structure's future potential? Continue reading

One Punch/iStock via Getty Images Market Review Municipals Market Review Q1 2026 YTD Bloomberg Municipal Bond Index -0.18% -0.18% Bloomberg High Yield Municipal Bond Index 0.71% 0.71% Bloomberg Municipal Bond Index (2-4) 0.47% 0.47% Bloomberg Municipal Bond Index (8-12) 0.01% 0.01% Bloomberg Municipal Bond Index (22+) -0.22% -0.22% Bloomberg Municipal Bond (AAA) -0.34% -0.34% Bloomberg Municipal Bond (AA) -0.20% -0.20% Bloomberg Municipal Bond (A) -0.03% -0.03% Bloomberg Municipal Bond (BAA) -0.08% -0.08% Click to enlarge Source: FactSet as 03/31/2026. Past performance is not a reliable indicator or guarantee of future results. Due to market volatility, the market may not perform in a similar manner in the future. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment. The index data provided is not representative of any Lord Abbett product. The municipal market, as represented by the Bloomberg Municipal Bond Index, returned -0.18% during the first quarter of 2026 1 . Overall, municipal yields rose across the curve with the largest increases occurring in intermediate and longer maturities. The municipal yield curve remains significantly steep, particularly in the 10-to-20-year segment, where relative value continues to be more pronounced. In terms of sectors, Education trailed followed by Hospital & Special Tax, while Transportation was the only sector with positive performance over the quarter. In terms of credit quality, A-rated and BBB-rated bonds led while AAA-rated bonds underperformed. The high yield municipal market, as represented by the Bloomberg Municipal High Yield index, outperformed investment grade and returned 0.71% during the first quarter of 2026. According to Lipper Data 2 , municipal bond fund flows started the year strong, reaching the largest first-quarter inflow on record with approximately $25bn. Monthly flows were relatively consistent throughout the quarter, while softening at the...

In December 2025, Apple and Google had a clear message for employees on visas: Don’t leave the U.S., lest you risk not returning. That month, as part of a wider crackdown in immigration, the Trump administration added new criteria for foreign workers seeking visas, including requiring H-1B applicants and dependents to adjust their social media privacy settings to “public” for official review. The extra screenings prolonged the processing and approval of visa appointments, heaping uncertainty onto employees’ travel and work plans. Speaking at Fortune’s Workforce Innovation Summit on Wednesday, Hiba Mona Anver, partner at the Erickson Immigration Group, warned companies need to have a plan for employees vulnerable to hiccups in the visa approval process, lest those workers become stranded overseas. “The issue now is whether or not there is the possibility that this individual will run into some sort of interruption in their ability to remain in the United States and continue working for the company that is sponsoring them,” Anver told Fortune senior writer Phil Wahba. “There have been instances where changes in policy have resulted in employees getting stuck in India and separated from their families for months, many of which have still not been able to make their way back to the United States, and this happened barely six months ago.” Foreign-born workers make up nearly 20% of the U.S. civilian workforce, with about 1% of U.S. workers requiring temporary visas. These contributions in the labor market, as well as in consumer spending, generated about $1.7 trillion in economic activity in 2023. President Donald Trump has sought to reduce the number of foreign workers, claiming the U.S. would be unable to increase wages for American employees if it continued accepting immigrant workers. However, in some cases, the administration’s messaging around foreign labor has been muddied: Last year, Trump slapped a $100,000 fee on new H-1B visa applications for highly skilled wor...

NVIDIA Could 10X Sales If It Weren’t for This One Bottleneck 24/7 Wall St.

Hedge fund manager Gavin Baker, founder and CIO of Atreides Management, offered a counterintuitive framing of the AI trade on a recent appearance on Patrick O’Shaughnessy’s Invest Like the Best program. Baker’s central paradox is that the very supply constraint holding NVIDIA (NASDAQ:NVDA) back is keeping AI infrastructure spending from tipping into a classic capex ... NVIDIA Could 10X Sales If It Weren’t for This One Bottleneck

primeimages/E+ via Getty Images Objective Use for Morningstar category High total return until its target retirement date One-stop retirement investment Target-Date 2055 Click to enlarge Financial assets experienced mixed returns in the first quarter. The fund posted a negative total return but outperformed the benchmark. Asset allocation and underlying manager performance each contributed positively. Market review and outlook The world financial markets, after performing well in the first two months of the year on continued optimism about trends in economic growth and interest rates, turned lower following the start of the conflict in the Middle East in Iran in early March. The ensuing spike in oil prices, together with concerns about possible shortages of other commodities caused by disrupted supply chains, dampened the growth outlook and led to a sharp rise in inflation expectations. The deteriorating inflation picture, in turn, dashed optimism that central banks could continue cutting rates. In combination, these developments led to a surge in global government bond yields that erased the positive total returns achieved in the first two months of the year. The conflict also fueled a sizable downturn in major global equity indexes in March, sending stocks into the red. With this said, the majority of the negative return for equities stemmed from weakness in the growth style in general, and mega-cap U.S. technology stocks in particular. Conversely, the value style, dividend payers, and more defensive companies generally produced positive returns, benefiting diversified investors. We're encouraged by the broadening of leadership away from the "Magnificent Seven" group of U.S. tech companies, as it provided a tailwind for our diversified positioning. Contributors and detractors Underlying manager performance was the primary contributor to relative performance in the quarter, highlighted by relative strength in international equities. The effect of allocation was rou...

NVIDIA (NVDA) Earnings Report Anticipation Boosts Markets GuruFocus

Aaron Rodgers has said that the 2026 season will be the final one of his NFL career. “Yes. This is it,” the Steelers quarterback told reporters in Pittsburgh on Wednesday when asked if the upcoming campaign would be his last. The four-time MVP agreed last weekend to return to the Steelers on a one-year deal reportedly worth up to $25m. The 42-year-old, who is entering his 22nd NFL season, led the Steelers to the AFC North division title last season. The Steelers hired Mike McCarthy, Rodgers’s coach for 13 seasons with the Green Bay Packers, after Mike Tomlin stepped down this offseason. McCarthy and Rodgers defeated Tomlin’s Steelers to win the Super Bowl during the 2010 season in Green Bay, and the quarterback earned two of his four MVPs playing under McCarthy. After signing a one-year deal with the Steelers last June, he told the Pat McAfee Show that the 2025 season would probably be his final in the NFL. He then guided the Steelers to the division title and a playoff appearance, throwing for 3,322 yards, 24 touchdowns and seven interceptions. Rodgers said Wednesday that he contemplated retirement after Tomlin resigned following the Steelers’ playoff loss to the Houston Texans in January, but the hiring of McCarthy changed his mind. “When [Tomlin] said he was stepping away, that was an emotional moment just because we all love him so much and care about him, and I thought that was probably it for me in Pittsburgh,” Rodgers said. “But when the decision was made to hire [McCarthy], I started opening my mind back up to coming back.” After 18 seasons with the Packers, Rodgers played for the New York Jets from 2023 to 2024. He told reporters that playing under McCarthy again would be a “full circle” moment. “There was some doubt for sure, but I had good conversations with Mike going back to when he was hired. It’s nice to come back. It felt different than last year, cause I knew some of the guys and the people that work here,” Rodgers said. “So it felt good coming in.”

Leading broker B.Riley recently upgraded shares of cloud cybersecurity firm Zscaler (ZS) to a “Buy” rating from “Neutral.” Dispelling fears about the so-called “SaaSpocalypse," the firm cited Zscaler's private cloud network, a large database of cybersecurity clients, and reliability as reasons for the upgrade. B.Riley lowered its price target to $225 from $275 due to a correction in the valuation multiples of the wider sector. Even so, the revised price target suggests potential upside of about 29% from current levels. About Zscaler Stock Founded in 2007, Zscaler is a cloud cybersecurity company focused on zero-trust security, secure internet access, cloud-delivered enterprise security, and secure access service edge (SASE). Essentially, Zscaler is trying to replace traditional corporate network security architectures with cloud-native security. Valued at a market capitalization of $28.1 billion, ZS stock is down almost 23% on a year-to-date (YTD) basis. So, share price weakness remains. But can the recent upgrade from B.Riley provide a much-needed flip to Zscaler's fortunes? Zscaler's Robust Q2 As with many companies exposed to “SaaS will become irrelevant” fears, the financials of Zscaler remain solid. The company's second-quarter results are a prime example of this strength. For Q2 2026, Zscaler reported a beat on both revenue and earnings. Revenue grew 26% year-over-year (YOY) to $815.8 million as the company's ARR went up by 25% in the same period to $3.4 billion. Meanwhile, non-GAAP earnings increased at an even higher rate of 29.5% to $1.01 per share, surpassing the consensus estimate of $0.89. Notably, this was the ninth consecutive quarter showing an earnings beat from the company. Zscaler guided for Q3 revenue between $834 million and $836 million, while the Street is expecting $835.7 million in revenue. Similarly, Zscaler guided for earnings between $1 per share and $1.01 per share. The Street expects the same. Coming to the cash flows, net cash from oper...

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