Weitz Investment Management Inc. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,710 shares of the social networking company's stock after selling 7,000 shares during the period. Meta Platforms comprises about 4.3% of Weitz Investment Mana...
Weitz Investment Management Inc. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,710 shares of the social networking company's stock after selling 7,000 shares during the period. Meta Platforms comprises about 4.3% of Weitz Investment Management Inc.'s investment portfolio, making the stock its 6th biggest position. Weitz Investment Management Inc.'s holdings in Meta Platforms were worth $79,834,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms in the 3rd quarter valued at about $26,000. Bare Financial Services Inc bought a new stake in shares of Meta Platforms in the second quarter valued at about $30,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter worth about $42,000. Knuff & Co LLC bought a new position in shares of Meta Platforms during the second quarter worth about $44,000. Finally, WFA Asset Management Corp lifted its stake in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock valued at $49,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Analyst Ratings Changes META has been the topic of a number of recent research reports. Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $1,117.00 to $1,144.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Truist Financial raised their price objective on Meta Platforms from $875.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Citigroup reissued...
EVgo Inc. (EVGO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +73.77%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually p...
EVgo Inc. (EVGO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +73.77%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.09, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. EVgo, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $118.47 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 23.83%. This compares to year-ago revenues of $67.51 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. EVgo shares have lost about 2.8% since the beginning of the year versus the S&P 500's gain of 0.5%. What's Next for EVgo? While EVgo has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, th...
Units of MPLX (MPLX +0.34%) have soared more than 20% since bottoming out last fall, rising from below $50 to around $60. Several factors have helped fuel the surge in the master limited partnership's (MLP) unit price, including higher oil prices and its expansion initiatives. Here's a look at whether the MLP has the fuel to reach $100. The steady growth should continue MPLX is coming off another ...
Units of MPLX (MPLX +0.34%) have soared more than 20% since bottoming out last fall, rising from below $50 to around $60. Several factors have helped fuel the surge in the master limited partnership's (MLP) unit price, including higher oil prices and its expansion initiatives. Here's a look at whether the MLP has the fuel to reach $100. The steady growth should continue MPLX is coming off another solid year. The MLP generated over $7 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), up nearly 4% from 2024's level. That's at the low end of its target of delivering mid-single-digit adjusted EBITDA growth. The pipeline company has plenty of fuel to grow within that target range in the coming years. It invested $5.5 billion in growth initiatives last year (acquisitions and growth capital projects) and plans to spend another $2.4 billion in growth capital this year. MPLX has a long list of expansion projects under construction that should come online through the end of the decade. Expand NYSE : MPLX MPLX Today's Change ( 0.34 %) $ 0.20 Current Price $ 59.14 Key Data Points Market Cap $60B Day's Range $ 58.59 - $ 59.84 52wk Range $ 44.60 - $ 59.84 Volume 1.2K Avg Vol 1.7M Gross Margin 45.17 % Dividend Yield 6.88 % If MPLX grows its earnings at 5% per year, its unit price could reach $100 within a decade, assuming no change in its valuation multiple. Two additional fuel sources MPLX could grow its earnings per unit even faster by continuing to repurchase units. Last year, the MLP completed $400 million of repurchases. Over the past five years, the company has retired nearly 2% of its outstanding units, more than offsetting the dilution from newly issued units. Future repurchases could enable MPLX to grow earnings per unit faster, potentially driving higher price appreciation. Another potential upside catalyst is changing its corporate structure. MLPs trade at much lower valuation multiples than pipeline corporations due to the ad...
Key Points Same-restaurant sales are in decline. Expansion plans have pulled back in 2026. A new CEO has yet to make an imprint on the company. 10 stocks we like better than Portillo's › Portillo's (NASDAQ: PTLO) has struggled with over-expansion over the past few years and now a pullback in consumer spending is making the company's problems even worse. Same-restaurant comparable sales are down an...
Key Points Same-restaurant sales are in decline. Expansion plans have pulled back in 2026. A new CEO has yet to make an imprint on the company. 10 stocks we like better than Portillo's › Portillo's (NASDAQ: PTLO) has struggled with over-expansion over the past few years and now a pullback in consumer spending is making the company's problems even worse. Same-restaurant comparable sales are down and expansion plans have been put on the back burner. The restaurant industry is tough, but Portillo's has made matters worse for itself by diluting the brand. Can a new CEO save the day or is this a comeback that's doomed to fail? I dig into the numbers below. *Stock prices used were end-of-day prices of Feb. 25, 2026. The video was published on Feb. 26, 2026. 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 » Should you buy stock in Portillo's right now? Before you buy stock in Portillo's, 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 Portillo's 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 $519,015!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,086,211!* Now, it’s worth noting Stock Advisor’s total average return is 941% — a market-crushing outperformance compared to 194% 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 3, 2026. Travis Hoium has positions in Portillo's. The Mot...
Key Points MPLX expects to grow its earnings at a mid-single-digit annual rate. The midstream giant is steadily buying back its units. The MLP trades at a discount to pipeline corporations. 10 stocks we like better than MPLX › Units of MPLX (NYSE: MPLX) have soared more than 20% since bottoming out last fall, rising from below $50 to around $60. Several factors have helped fuel the surge in the ma...
Key Points MPLX expects to grow its earnings at a mid-single-digit annual rate. The midstream giant is steadily buying back its units. The MLP trades at a discount to pipeline corporations. 10 stocks we like better than MPLX › Units of MPLX (NYSE: MPLX) have soared more than 20% since bottoming out last fall, rising from below $50 to around $60. Several factors have helped fuel the surge in the master limited partnership's (MLP) unit price, including higher oil prices and its expansion initiatives. Here's a look at whether the MLP has the fuel to reach $100. 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 » The steady growth should continue MPLX is coming off another solid year. The MLP generated over $7 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), up nearly 4% from 2024's level. That's at the low end of its target of delivering mid-single-digit adjusted EBITDA growth. The pipeline company has plenty of fuel to grow within that target range in the coming years. It invested $5.5 billion in growth initiatives last year (acquisitions and growth capital projects) and plans to spend another $2.4 billion in growth capital this year. MPLX has a long list of expansion projects under construction that should come online through the end of the decade. If MPLX grows its earnings at 5% per year, its unit price could reach $100 within a decade, assuming no change in its valuation multiple. Two additional fuel sources MPLX could grow its earnings per unit even faster by continuing to repurchase units. Last year, the MLP completed $400 million of repurchases. Over the past five years, the company has retired nearly 2% of its outstanding units, more than offsetting the dilution from newly issued units. Future repurchases could enable MPLX to grow earnings per unit fa...
Western Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,457 shares of the e-commerce giant's stock after purchasing an additional 4,058 shares during the period. Amazon.com comprises about 1.7% of Western Wealth Management LLC's hol...
Western Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,457 shares of the e-commerce giant's stock after purchasing an additional 4,058 shares during the period. Amazon.com comprises about 1.7% of Western Wealth Management LLC's holdings, making the stock its 11th largest position. Western Wealth Management LLC's holdings in Amazon.com were worth $32,377,000 at the end of the most recent reporting period. Get Amazon.com alerts: Sign Up Several other institutional investors and hedge funds have also made changes to their positions in the company. Breakwater Capital Group grew its stake in Amazon.com by 1.4% during the 3rd quarter. Breakwater Capital Group now owns 29,217 shares of the e-commerce giant's stock worth $6,415,000 after buying an additional 408 shares during the last quarter. Legacy Financial Strategies LLC grew its position in shares of Amazon.com by 9.5% during the third quarter. Legacy Financial Strategies LLC now owns 13,325 shares of the e-commerce giant's stock worth $2,926,000 after acquiring an additional 1,153 shares during the last quarter. Provident Co of the Employees of the Hebrew University LTD increased its holdings in shares of Amazon.com by 4.1% in the 3rd quarter. Provident Co of the Employees of the Hebrew University LTD now owns 23,473 shares of the e-commerce giant's stock valued at $5,140,000 after acquiring an additional 933 shares during the period. Candriam S.C.A. increased its holdings in shares of Amazon.com by 6.5% in the 3rd quarter. Candriam S.C.A. now owns 2,337,689 shares of the e-commerce giant's stock valued at $513,286,000 after acquiring an additional 143,383 shares during the period. Finally, New York Life Investment Management LLC raised its position in Amazon.com by 2.5% in the 3rd quarter. New York Life Investment Management LLC now owns 1,321,824 sha...
SWP Financial LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,903 shares of the iPhone maker's stock after selling 2,307 shares during the period. Apple makes up 5.0% of SWP Financial LLC's investment portfolio, making the stock its 7...
SWP Financial LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,903 shares of the iPhone maker's stock after selling 2,307 shares during the period. Apple makes up 5.0% of SWP Financial LLC's investment portfolio, making the stock its 7th biggest holding. SWP Financial LLC's holdings in Apple were worth $9,906,000 as of its most recent filing with the Securities and Exchange Commission. Get Apple alerts: Sign Up Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Apple in the 2nd quarter valued at $38,942,255,000. Nuveen LLC bought a new position in shares of Apple in the first quarter valued at $17,472,482,000. PKS Advisory Services LLC grew its holdings in shares of Apple by 98,917.0% during the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker's stock valued at $12,106,000 after buying an additional 57,898,088 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds. Apple Price Performance NASDAQ AAPL opened at $264.72 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.89 trillion, a PE ratio of 33.47...
Wilson Asset Management International PTY Ltd. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,300 shares of the e-commerce giant's stock after selling 3,302 shares during the period. Amazon.com comprises approximately 2.6% of Wilson Asset Management Internati...
Wilson Asset Management International PTY Ltd. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,300 shares of the e-commerce giant's stock after selling 3,302 shares during the period. Amazon.com comprises approximately 2.6% of Wilson Asset Management International PTY Ltd.'s investment portfolio, making the stock its 16th biggest position. Wilson Asset Management International PTY Ltd.'s holdings in Amazon.com were worth $10,386,000 as of its most recent SEC filing. Get Amazon.com alerts: Sign Up Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barlow Wealth Partners Inc. boosted its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after purchasing an additional 44 shares during the last quarter. Probity Advisors Inc. lifted its holdings in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock valued at $2,667,000 after buying an additional 45 shares during the period. IMPACTfolio LLC boosted its position in Amazon.com by 3.8% during the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant's stock valued at $269,000 after acquiring an additional 45 shares during the last quarter. Cadence Wealth Management LLC raised its position in shares of Amazon.com by 3.5% in the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after acquiring an additional 45 shares in the last quarter. Finally, Union Savings Bank raised its position in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock worth $2,510,000 after acquiring an additional 45 shares i...
Marvell Technology, Inc. MRVL is set to report fourth-quarter fiscal 2026 results on March 5, 2026. Investor attention is firmly focused on surging demand for MRVL’s Custom AI and Connectivity products due to the AI-driven data center business. Marvell Technology has been experiencing robust adoption of its custom AI silicon and electro-optics solutions in recent quarters, cementing its position i...
Marvell Technology, Inc. MRVL is set to report fourth-quarter fiscal 2026 results on March 5, 2026. Investor attention is firmly focused on surging demand for MRVL’s Custom AI and Connectivity products due to the AI-driven data center business. Marvell Technology has been experiencing robust adoption of its custom AI silicon and electro-optics solutions in recent quarters, cementing its position in the AI infrastructure market. With data center revenues now accounting for the bulk of its total sales, Marvell Technology is expected to reflect robust growth in this high-demand business. Click here to know how Marvell Technology’s overall fiscal fourth-quarter performance is likely to have been. MRVL’s Carrier, Enterprise & Data Center Business Growing Marvell Technology’s data center segment is propelling the company’s growth, driven by the rising adoption of AI workloads across both hyperscale and enterprise markets. In the third quarter of fiscal 2026, the communication business grew 25.7% year over year, the data center rose 38% and the carrier rose 98%. This trend is likely to have continued in the to-be-reported quarter. Marvell Technology, Inc. Price and EPS Surprise Marvell Technology, Inc. price-eps-surprise | Marvell Technology, Inc. Quote The momentum in the data center business is likely to have been aided by rising cloud capital expenditure forecasts, the expanding adoption of 1.6T optical products and a growing pipeline of XPU-attach, driving MRVL’s revenues in the to-be-reported quarter. To grow its data center end market, the company has launched the Golden Cable initiative. Together with the introduction of the Golden Cable initiative and acquisition of XConn Technologies and Celestial AI, revenues of the data center end market are expected to have increased in the fourth quarter of fiscal 2026. MRVL is also gaining from the adoption of scale-up switches that connect AI accelerators within and across racks. The normalizing of customer inventory levels ...
Marvell Technology, Inc. MRVL is set to report fourth-quarter fiscal 2026 results on March 5, 2026. Investor attention is firmly focused on surging demand for MRVL’s Custom AI and Connectivity products due to the AI-driven data center business. Marvell Technology has been experiencing robust adoption of its custom AI silicon and electro-optics solutions in recent quarters, cementing its position i...
Marvell Technology, Inc. MRVL is set to report fourth-quarter fiscal 2026 results on March 5, 2026. Investor attention is firmly focused on surging demand for MRVL’s Custom AI and Connectivity products due to the AI-driven data center business. Marvell Technology has been experiencing robust adoption of its custom AI silicon and electro-optics solutions in recent quarters, cementing its position in the AI infrastructure market. With data center revenues now accounting for the bulk of its total sales, Marvell Technology is expected to reflect robust growth in this high-demand business. Click here to know how Marvell Technology’s overall fiscal fourth-quarter performance is likely to have been. MRVL’s Carrier, Enterprise & Data Center Business Growing Marvell Technology’s data center segment is propelling the company’s growth, driven by the rising adoption of AI workloads across both hyperscale and enterprise markets. In the third quarter of fiscal 2026, the communication business grew 25.7% year over year, the data center rose 38% and the carrier rose 98%. This trend is likely to have continued in the to-be-reported quarter. Marvell Technology, Inc. Price and EPS Surprise Marvell Technology, Inc. Price and EPS Surprise Marvell Technology, Inc. price-eps-surprise | Marvell Technology, Inc. Quote The momentum in the data center business is likely to have been aided by rising cloud capital expenditure forecasts, the expanding adoption of 1.6T optical products and a growing pipeline of XPU-attach, driving MRVL’s revenues in the to-be-reported quarter. To grow its data center end market, the company has launched the Golden Cable initiative. Together with the introduction of the Golden Cable initiative and acquisition of XConn Technologies and Celestial AI, revenues of the data center end market are expected to have increased in the fourth quarter of fiscal 2026. MRVL is also gaining from the adoption of scale-up switches that connect AI accelerators within and across rack...
FREDERICA ABAN/iStock via Getty Images Market Review Global equities rose in the fourth quarter, with signs that market leadership was beginning to broaden. Notably, the monthslong artificial intelligence (AI)-driven rally appeared to enter a new phase, with investors becoming increasingly cautious about the sustainability of elevated AI capital expenditure. Many perceived AI winners—mainly compan...
FREDERICA ABAN/iStock via Getty Images Market Review Global equities rose in the fourth quarter, with signs that market leadership was beginning to broaden. Notably, the monthslong artificial intelligence (AI)-driven rally appeared to enter a new phase, with investors becoming increasingly cautious about the sustainability of elevated AI capital expenditure. Many perceived AI winners—mainly companies investing in or enabling AI infrastructure—sold off as the pace of spending on chips and data centers, which has been significantly reliant on debt financing, showed no signs of moderating, leading many to question the returns such investments would ultimately generate. However, AI-linked stocks staged a recovery in the closing weeks of the period; ultimately, nine of the top 10 contributors to the MSCI All Country World Index’s fourth-quarter gain were AI-levered names, which, combined, accounted for 62% of the index’s return. In the US, investors cheered as the Federal Reserve lowered interest rates at three consecutive policy meetings despite disagreements among officials about the path ahead. At its December policy meeting, the central bank hinted that it would likely pause further cuts as it collects more data to assess labor market and inflation conditions. Investors also reacted positively to a delayed release of third-quarter US GDP data showing stronger than expected growth driven by resilient consumer spending, powering stocks in the region to new highs toward the end of the period. Meanwhile in Europe, stocks advanced after the European Central Bank held interest rates steady amid signs that the eurozone’s economic outlook was improving, suggesting its easing cycle was largely complete. The Bank of England lowered interest rates in December to their lowest level in nearly three years but signaled a slower pace of future reductions. Central banks in Switzerland, Sweden, and Norway left their key interest rates unchanged during the quarter. In Japan, equities r...
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) founder Mark Zuckerberg and his wife, Priscilla Chan, have completed a $170 million purchase of a mansion on Indian Creek Island in Biscayne Bay, in a deal that people familiar with the matter say closed on Monday and may reset expectations for the top end of Miami's housing market. The property at 7 Indian Creek Island Road wa...
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META) founder Mark Zuckerberg and his wife, Priscilla Chan, have completed a $170 million purchase of a mansion on Indian Creek Island in Biscayne Bay, in a deal that people familiar with the matter say closed on Monday and may reset expectations for the top end of Miami's housing market. The property at 7 Indian Creek Island Road was acquired from celebrity plastic surgeon Aaron Rollins and his wife, Marine, and includes a partially completed mansion. At $170 million, the transaction surpasses the prior Miami-Dade County record set in 2025, when developer Vlad Doronin sold his Star Island estate for $120 million, marking what appears to be a new benchmark for the region. The acquisition places Zuckerberg among a widening group of Silicon Valley billionaires purchasing ultra-luxury properties in South Florida, a trend that has gathered pace following discussion of a proposed billionaires' tax in California. Alphabet (NASDAQ:GOOG) co-founder Larry Page has spent $188 million on three Miami-area properties, while Sergey Brin is purchasing a $50 million home in Miami Beach. Indian Creek, often referred to as the billionaire bunker, functions as its own municipality, with private roads, a country club and golf course closed to the public, and counts Ivanka Trump and Jared Kushner, Carl Icahn (Trades, Portfolio) and Tom Brady among its residents. Danny Hertzberg of the Jills-Zeder Group, who represented the sellers, described the deal as the highest sale in Miami's history by a wide margin and suggested it could signal additional nine-figure transactions, pointing to other properties and offers currently in the market. Zuckerberg, whose net worth is listed at $231 billion on the Bloomberg Billionaires Index, already owns homes in Palo Alto and Lake Tahoe, California, as well as in Washington, DC, and on the Hawaiian island of Kauai. It remains uncertain whether the Miami property will serve as a primary res...
The global economy must be reordered to ensure it serves ordinary people around the world rather than the “frivolous and destructive demands of the ultra-rich,” according to a leading UN figure. Olivier De Schutter, the UN special rapporteur on extreme poverty and human rights, says politicians must stop prioritising “socially and ecologically destructive growth” that only increases the profits – ...
The global economy must be reordered to ensure it serves ordinary people around the world rather than the “frivolous and destructive demands of the ultra-rich,” according to a leading UN figure. Olivier De Schutter, the UN special rapporteur on extreme poverty and human rights, says politicians must stop prioritising “socially and ecologically destructive growth” that only increases the profits – and serves the consumption demands – of the world’s richest individuals and corporations. Instead, to tackle the interwoven crises of rising inequality, ecological collapse and a resurgent far-right politics, a new economic agenda is needed. “The scarce resources we have should be used to prioritise the basic needs of people in poverty and to create what is of societal value rather than serve the frivolous desires of the ultra-rich.” De Schutter said an economy that uses its limited resources to prioritise building large mansions rather than social housing, or powerful cars rather than public transportation systems is “grossly inefficient” and “will inevitably fail to satisfy the basic needs of people living on low incomes”. The intervention follows the Guardian’s Beyond Growth series published last month which highlighted calls for an end to the relentless focus on indiscriminate growth that critics say is driving not only ecological collapse but also rising inequality. Next month, De Schutter said he will publish his “roadmap for eradicating poverty beyond growth”, the result of an informal “beyond growth coalition” he formed that includes UN agencies, academics, civil society and unions. The aim of the roadmap is to expand the range of policy options available to governments, multilateral institutions and development agencies in the fight against poverty. Among the moves it is considering are a universal basic income, job guarantees, debt cancellation or an extreme wealth tax. Critically, De Schutter says the roadmap will coincide with two other initiatives: one instigat...
bopav/iStock via Getty Images The Defiance R2000 Weekly Distribution ETF ( IWMY ) is an actively managed exchange-traded fund designed to provide investors with weekly income by managing a call options strategy on the Russell 2000 Index (RUT). The strategy was designed to target a 30% annualized distribution rate, an appealing value proposition if executed accordingly. The strategy currently provi...
bopav/iStock via Getty Images The Defiance R2000 Weekly Distribution ETF ( IWMY ) is an actively managed exchange-traded fund designed to provide investors with weekly income by managing a call options strategy on the Russell 2000 Index (RUT). The strategy was designed to target a 30% annualized distribution rate, an appealing value proposition if executed accordingly. The strategy currently provides full exposure to the Russell 2000 Index through the use of short- and long-dated call options with no direct exposure to a tracking ETF. Investment Case for IWMY IWMY will inherently provide investors with indirect exposure to the Russell 2000 Index through the purchase and sale of call options as well as direct exposure through the use of Index-tracking ETFs. The current makeup of the portfolio is entirely invested in a call options strategy with no direct exposure to the Index. With the current holdings, IWMY is essentially a synthetic covered call strategy, purchasing long-dated call options on the underlying Index while selling short-dated call options. Corporate Filings While many investors may criticize covered call strategies for their performance relative to the underlying Index, I believe there may be value in investing in these types of strategies. As an alternative equity strategy designed to maximize income, I’d argue that buy-write and covered call strategies may be more appropriately categorized as a hybrid fixed income strategy, more appropriately compared to high-yield fixed income funds. Though derivatives may expose investors to greater risk relative to high-yield corporate bond funds or preferred shares, the nature of the overall fund strategy is relatively similar in which the portfolio invests in riskier assets with the intention of gaining high income exposure. The key risks involved in investing in IWMY are geared more towards the time value of the options strategy, particularly the long-dated call options that are used to gain long exposure to th...
Waddell & Associates LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,691 shares of the social networking company's stock after purchasing an additional 876 shares during the quarter. Waddell & Associates LLC's...
Waddell & Associates LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 31.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,691 shares of the social networking company's stock after purchasing an additional 876 shares during the quarter. Waddell & Associates LLC's holdings in Meta Platforms were worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors also recently modified their holdings of META. Westchester Capital Management Inc. purchased a new position in Meta Platforms in the 3rd quarter worth $26,000. Bare Financial Services Inc bought a new stake in shares of Meta Platforms in the 2nd quarter valued at about $30,000. Briaud Financial Planning Inc purchased a new stake in Meta Platforms during the 2nd quarter valued at about $42,000. Knuff & Co LLC purchased a new position in Meta Platforms in the 2nd quarter worth approximately $44,000. Finally, WFA Asset Management Corp lifted its position in Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company's stock valued at $49,000 after purchasing an additional 20 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors. Get Meta Platforms alerts: Sign Up Insiders Place Their Bets In other news, CTO Andrew Bosworth sold 8,089 shares of the firm's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total value of $5,106,100.36. Following the transaction, the chief technology officer directly owned 2,841 shares in the company, valued at $1,793,352.84. This trade represents a 74.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 55...
(RTTNews) - Village Super Market, Inc. (VLGEA) reported a profit for its second quarter that Increased, from last year The company's bottom line totaled $17.87 million, or $1.21 per share. This compares with $16.89 million, or $1.14 per share, last year. The company's revenue for the period rose 6.9% to $640.96 million from $599.65 million last year. Village Super Market, Inc. earnings at a glance...
(RTTNews) - Village Super Market, Inc. (VLGEA) reported a profit for its second quarter that Increased, from last year The company's bottom line totaled $17.87 million, or $1.21 per share. This compares with $16.89 million, or $1.14 per share, last year. The company's revenue for the period rose 6.9% to $640.96 million from $599.65 million last year. Village Super Market, Inc. earnings at a glance (GAAP) : -Earnings: $17.87 Mln. vs. $16.89 Mln. last year. -EPS: $1.21 vs. $1.14 last year. -Revenue: $640.96 Mln vs. $599.65 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Krot Studio/iStock via Getty Images Westlake ( WLK ) is dealing with volume and pricing pressure particularly in the performance and essential materials segment - things like chlorovinyls, PVC resin and polyethylene. Significant supply shutdowns have been undertaken to improve EBITDA and react to oversupply in the industry both domestically and in export markets and those exposed to tariffs on Chi...
Krot Studio/iStock via Getty Images Westlake ( WLK ) is dealing with volume and pricing pressure particularly in the performance and essential materials segment - things like chlorovinyls, PVC resin and polyethylene. Significant supply shutdowns have been undertaken to improve EBITDA and react to oversupply in the industry both domestically and in export markets and those exposed to tariffs on China, discussed in our previous coverage . These have seemed to have bottomed out the market but sustained improvement is unclear and based on demand. Tensions in the Middle East will also be helping make more scarce the part of the petrochem value chain that WLK participates in downstream of ethylene. We made a relative valuation argument on the basis that the more specialty businesses look a little ignored at WLK. But the underlying markets are not very good, also for the specialty businesses in terms of volume, with housing starts as one metric not really picking up despite lower rates. Higher oil prices are also not going to be helping matters as it will be a cost push increase to ethylene prices, which we have understood they offtake from ( WLKP ) at a markup still. Though stalled, vertically integrated petrhochem capacity in affected regions will be a positive supply effect for the operational assets under WLK in the ethylene value chain. Cost push inflation may also prevent some of the pernicious effects of when prices are expected to fall, and suppliers therefore run lower inventories than normal - a prevention of deflationary spirals. Shut capacity is a little constructive to prices in some markets but it's coming from capitulation by Westlake and other producers, so it's not good news as it reflects a pretty poor demand environment which we aren't expecting to improve particularly quickly given macro dynamics, with unemployment still quite high and the rate cuts not yet really juicing real estate activity. But there are considerable cost improvements coming. If thos...