Norway’s natural gas producers are operating near full capacity, according to the country’s energy minister, putting further pressure on European nations looking to fill depleted stockpiles of the fuel. “We are essentially producing at full capacity. I don’t think there is much additional output to be found,” Terje Aasland said in an interview at his offices in Oslo on Tuesday. “We hope this won’t...
Norway’s natural gas producers are operating near full capacity, according to the country’s energy minister, putting further pressure on European nations looking to fill depleted stockpiles of the fuel. “We are essentially producing at full capacity. I don’t think there is much additional output to be found,” Terje Aasland said in an interview at his offices in Oslo on Tuesday. “We hope this won’t be a long-lasting situation.” The sudden closure of the world’s largest liquefied natural gas export facility in Qatar following an Iranian drone attack on Monday sent European gas prices soaring. Prices spiked to the highest since 2023 and are up more than 70% since Friday’s close, amid uncertainty over how long the shutdown at the facility will last. Read More: European Gas Hits Three-Year High as Qatar LNG Halt Rocks Market “We do not want prices to rise in this way, when events like this occur,” Aasland said. “We need to focus on the role we are going to play. We must be a stable, long-term and predictable supplier — and make sure that we are able to maintain that.” Norway became the major seller of natural gas to Europe after Russian flows slumped following the invasion of Ukraine and today supplies about a third of the continent’s needs. The region is entering the last stretch of winter with its storage tanks depleted, and will need to compete with other major global buyers for supplies during the upcoming stockpiling season. “When we see prices rising like this, it’s important that the market actually works,” the minister said. “That’s an important lesson from what happened after the invasion of Ukraine. Trying to intervene in the market at this moment would be risky.”
Intuitive Machines' ( LUNR ) wholly owned subsidiary Lanteris Space Systems was selected by L3Harris Technologies ( LHX ) to support the development and production of spacecraft platforms for the Space Development Agency Tranche 3 Tracking Layer of the Proliferated Warfighter Space Architecture. Under this selection, Intuitive Machines will design, build and deliver 18 advanced spacecraft platform...
Intuitive Machines' ( LUNR ) wholly owned subsidiary Lanteris Space Systems was selected by L3Harris Technologies ( LHX ) to support the development and production of spacecraft platforms for the Space Development Agency Tranche 3 Tracking Layer of the Proliferated Warfighter Space Architecture. Under this selection, Intuitive Machines will design, build and deliver 18 advanced spacecraft platforms to help enable the next generation of space-based missile tracking capabilities. This effort supports the SDA mission to deliver persistent, real-time tracking of advanced missile threats, including hypersonic and ballistic systems. LHX -0.43% premarket to $376.84. Source: Press Release More on L3Harris Technologies, Intuitive Machines L3Harris Technologies, Inc. (LHX) Analyst/Investor Day - Slideshow L3Harris Technologies: Resilient Business Model Underpinned By Strategic Demand L3Harris Technologies, Inc. 2025 Q4 - Results - Earnings Call Presentation Check latest U.S. defense contracts for BA, HOS, LHX, ESLT Quant check: Defense stocks volatile on rising U.S.-Iran tensions
The European Union’s ambitious industrial policy to challenge China has been gutted, removing AI semiconductors and quantum computing from a list of strategic technologies that must be “made in Europe” to tap billions in government funds. Biotechnology and robotics are other cutting-edge sectors to be cut from the Industrial Accelerator Act (IAA) ahead of the proposal’s formal unveiling by the Eur...
The European Union’s ambitious industrial policy to challenge China has been gutted, removing AI semiconductors and quantum computing from a list of strategic technologies that must be “made in Europe” to tap billions in government funds. Biotechnology and robotics are other cutting-edge sectors to be cut from the Industrial Accelerator Act (IAA) ahead of the proposal’s formal unveiling by the European Commission on Wednesday, a leaked draft showed. Plans to exclude non-EU-based producers from government contracts and funds have been kicked down the road for six months, but the draft suggested those countries that align with the bloc’s economic security policies could eventually be included. Advertisement The IAA is designed to promote local industries at the expense of competing companies from outside the EU market. While China is directly referred to only twice in 93 pages of legislation and annexes, the act is seen as a crucial prong of Brussels’ efforts to de-risk from the Asian giant. Advertisement It aims to reduce EU dependence on China by mandating local content rules for strategic sectors such as electric vehicles and solar for public procurement and state support schemes, meaning a high proportion of qualifying products should be made in Europe.
March 3 (Reuters) - Nvidia-backed Ayar Labs, which develops chips that transmit data using light, said on Tuesday it has raised $500 million in a series E round at a valuation of $3.75 billion. The latest round, which brings its total funding to $870 million, was led by investment firm Neuberger Berman and involved new investors including ARK Invest, Qatar Investment Authority and 1789 Capital...
March 3 (Reuters) - Nvidia-backed Ayar Labs, which develops chips that transmit data using light, said on Tuesday it has raised $500 million in a series E round at a valuation of $3.75 billion. The latest round, which brings its total funding to $870 million, was led by investment firm Neuberger Berman and involved new investors including ARK Invest, Qatar Investment Authority and 1789 Capital. Investor appetite in the AI ecosystem has remained strong as venture and private-equity firms bet on the technology to upend traditional workflows, driving steady funding into companies building the infrastructure. Ayar's technology uses light instead of the traditionally used electrical signals, aiming to speed transmission by linking AI computing chips with memory chips, an increasingly valuable prospect as hyperscalers and governments spend hundreds of billions of dollars for achieving AI infrastructure supremacy. The company competes with firms such as Celestial AI, which raised $250 million last March, as well as Lumentum and Coherent, which received $2 billion each in investments from Nvidia on Monday. Ayar plans to use the new funds to scale production and test capacity, expand global operations, including at its new Hsinchu, Taiwan-based office and accelerate the deployment of its co-packaged optics solution. (Reporting by Pragyan Kalita in Bengaluru; Editing by Shailesh Kuber)
Victory Capital Management Inc. raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 38.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,887,577 shares of the wireless technology company's stock after acquiring an additional 1,089,692 shares during the quarter. Victory Capital Manag...
Victory Capital Management Inc. raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 38.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,887,577 shares of the wireless technology company's stock after acquiring an additional 1,089,692 shares during the quarter. Victory Capital Management Inc. owned about 0.36% of Qualcomm worth $646,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also recently made changes to their positions in QCOM. Manske Wealth Management bought a new stake in shares of Qualcomm during the 3rd quarter valued at $255,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Qualcomm by 17.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 11,000 shares of the wireless technology company's stock worth $1,866,000 after buying an additional 1,618 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Qualcomm by 161.1% in the third quarter. Kingsview Wealth Management LLC now owns 95,726 shares of the wireless technology company's stock valued at $15,925,000 after acquiring an additional 59,064 shares during the period. Kelman Lazarov Inc. grew its position in shares of Qualcomm by 4.2% during the 3rd quarter. Kelman Lazarov Inc. now owns 1,859 shares of the wireless technology company's stock valued at $309,000 after purchasing an additional 75 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in Qualcomm by 17.1% during the third quarter. Elo Mutual Pension Insurance Co now owns 132,926 shares of the wireless technology company's stock valued at $22,114,000 after buying an additional 19,380 shares during the period. 74.35% of the stock is owned by institutional investors. Get Qualcomm alerts: Sign Up Insider Buying and Selling In other news, EVP...
Sportradar Group AG (SRAD) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -89.55%. A quarter ago, it was expected that this company would post earnings of $0.1 per share ...
Sportradar Group AG (SRAD) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -89.55%. A quarter ago, it was expected that this company would post earnings of $0.1 per share when it actually produced earnings of $0.08, delivering a surprise of -20%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Sportradar Group, which belongs to the Zacks Internet - Software industry, posted revenues of $429.43 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 1.27%. This compares to year-ago revenues of $327.58 million. The company has not been able to beat consensus revenue estimates 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. Sportradar Group shares have lost about 17.6% since the beginning of the year versus the S&P 500's gain of 0.5%. What's Next for Sportradar Group? While Sportradar Group 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 earning...
Alexander Shapovalov/iStock Editorial via Getty Images Joint strikes over the weekend sent shares in travel-related stocks lower at the start of the new trading week. This included shares in Carnival Corp. ( CCL ), which was down about 7% on the Monday following the strikes. The escalating conflict in the Middle East raised concern about both higher fuel costs and shipping interruptions. While I’m...
Alexander Shapovalov/iStock Editorial via Getty Images Joint strikes over the weekend sent shares in travel-related stocks lower at the start of the new trading week. This included shares in Carnival Corp. ( CCL ), which was down about 7% on the Monday following the strikes. The escalating conflict in the Middle East raised concern about both higher fuel costs and shipping interruptions. While I’m not as concerned as it relates to CCL, I do believe the developments are worth monitoring and considering with respect to CCL. Prior to the weekend events, the cruise operator has been having a good year, with shares up over 25% and trading near the top-end of its 52-week range. Seeking Alpha - Basic Trading Data Of CCL Stock Even with the gains, CCL still trades at a very reasonable 12x forward earnings, a discount compared to the valuations across the broader markets. For investors seeking positioning, I believe the pullback offers an attractive opportunity to average-down on cost. However, for new investors, I believe there is a more attractive opportunity within the peer set in Norwegian Cruise Lines ( NCLH ). Nonetheless, I believe CCL remains a name worth a continued watch. CCL Key Stock Metrics Prior to the significant world events over the weekend, investors were bullish on CCL’s prospects. Almost all of the coverage, for example, from the Seeking Alpha (“SA”) community over the last 90 days has been bullish , and the sentiment has been even stronger from those on Wall Street. Seeking Alpha - Wall Street Ratings Summary Of CCL Stock Over this timeframe, about 70% of those covering the stock have rated shares as a ‘buy’ or ‘strong buy’, with 80% of this population saying the latter. This has also been attached to an average price target just shy of $40/share. Seeking Alpha - Average Price Target Of CCL Stock This would represent upside potential of roughly 30% from current trading levels. In my view, the stock could certainly get here, especially if the strong wave ...
FREDERICA ABAN/iStock via Getty Images Investment environment The U.S. fixed income market delivered strong positive quarterly returns. This capped off the best calendar year of performance since 2020, with the Bloomberg U.S. Aggregate Index returning 7.3% in 2025. Short-term Treasury yields rallied, helping to drive positive returns and a steeper yield curve. High-yield corporates and securitized...
FREDERICA ABAN/iStock via Getty Images Investment environment The U.S. fixed income market delivered strong positive quarterly returns. This capped off the best calendar year of performance since 2020, with the Bloomberg U.S. Aggregate Index returning 7.3% in 2025. Short-term Treasury yields rallied, helping to drive positive returns and a steeper yield curve. High-yield corporates and securitized assets outperformed U.S. Treasuries and investment-grade (IG) corporates. In December, the Federal Reserve (Fed) cut interest rates by 25 basis points (bps) for a third consecutive meeting, bringing policy rates closer to neutral in response to the U.S. unemployment rate hitting a four-year high of 4.6% in November. Other data releases were more positive, with third-quarter gross domestic product (GDP) growth that surprised on the upside. Despite policymakers indicating that they anticipate one more cut in 2026, futures markets are pricing in an additional two to three cuts in 2026. Speculation also continued to build around who would replace Fed Chair Jerome Powell when his term expires in May, and the degree to which their appointment might signal a shift in the central bank’s traditional independence. The U.S. 10-year Treasury yield ended the quarter two bps higher, at 4.17%. Investment-grade corporate spreads widened four bps to 78 bps, while high-yield spreads were virtually unchanged at 266 bps, as investor sentiment remained upbeat. Portfolio review Our overweight allocation to credit-spread risk was the primary contributor to relative performance. Specific contributors included overweight allocations to high-yield corporate bonds and loans, as well as security selection within IG corporate bonds and agency mortgage-backed securities (MBS). Our exposure to asset-backed securities (ABS) detracted. Overall yield curve positioning performed in line with the benchmark. Positioning on the short end proved beneficial as the curve steepened, with short-term Treasury yields...
As the conflict in the Middle East widened on Monday following U.S. strikes on Iran, JPMorgan analyst Mislav Matejka published a note suggesting a similar approach. Ryan Detrick, chief market strategist at Carson Group, notes data showing the median S&P 500 gain three months after a major market shock, including everything from the attacks on Pearl Harbor in 1940 to last year’s tariff-induced chao...
As the conflict in the Middle East widened on Monday following U.S. strikes on Iran, JPMorgan analyst Mislav Matejka published a note suggesting a similar approach. Ryan Detrick, chief market strategist at Carson Group, notes data showing the median S&P 500 gain three months after a major market shock, including everything from the attacks on Pearl Harbor in 1940 to last year’s tariff-induced chaos, is 2.7%.
MongoDB's Q4 beat consensus on revenue and earnings, yet shares plunged 25% on a management shakeup. At long-term lows, the risk-reward setup is compelling.
MongoDB's Q4 beat consensus on revenue and earnings, yet shares plunged 25% on a management shakeup. At long-term lows, the risk-reward setup is compelling.
Waverton Investment Management Ltd lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,871 shares of the information services provider's stock after selling 5,161 shares during the period. Waverton Investment Management Ltd's holdings in Alpha...
Waverton Investment Management Ltd lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,871 shares of the information services provider's stock after selling 5,161 shares during the period. Waverton Investment Management Ltd's holdings in Alphabet were worth $8,005,000 as of its most recent SEC filing. Get Alphabet alerts: Sign Up A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Ignite Planners LLC lifted its stake in shares of Alphabet by 1.0% in the second quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider's stock valued at $2,697,000 after buying an additional 144 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Alphabet by 7.4% in the second quarter. Sequoia Financial Advisors LLC now owns 594,959 shares of the information services provider's stock valued at $105,540,000 after buying an additional 41,132 shares in the last quarter. Joseph P. Lucia & Associates LLC grew its holdings in shares of Alphabet by 3.7% during the second quarter. Joseph P. Lucia & Associates LLC now owns 3,134 shares of the information services provider's stock valued at $556,000 after buying an additional 111 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC bought a new stake in shares of Alphabet during the second quarter worth about $329,000. Institutional investors and hedge funds own 27.26% of the company's stock. Insider Activity at Alphabet In related news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transacti...
(RTTNews) - Sharply lower U.S. and Canadian futures and weak European markets point to a gap down opening for stocks on Bay Street on Thursday. A report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 59.36 points in June from 61.60 points in May of 2022. Canada GDP data for the month of April, and a preliminary reading of Canadian GDP fo...
(RTTNews) - Sharply lower U.S. and Canadian futures and weak European markets point to a gap down opening for stocks on Bay Street on Thursday. A report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 59.36 points in June from 61.60 points in May of 2022. Canada GDP data for the month of April, and a preliminary reading of Canadian GDP for May are due at 8:30 AM ET. The Canadian market ended notably lower on Wednesday after languishing in the red almost the entire duration of the trading session, as worries about tighter policy and possibility of a recession rendered the mood quite bearish. The benchmark S&P/TSX Composite Index ended with a loss of 159.65 points or 0.83% at 19,063.09 after dropping to a low of 19,010.44 intraday. Asian stocks ended on a mixed note on Thursday as investors weighed worries over an economic slowdown against improved Chinese data. China's Shanghai Composite Index jumped 1.1% after China's official gauges of factory and services activity returned to expansion in June following three months of contraction. European stocks are down sharply and are on course for their worst quarter since the pandemic-led carnage in early 2020 amid worries about prolonged inflation leading to a global economic downturn. In commodities trading, West Texas Intermediate Crude oil futures are down $1.14 or 1.04% at $108.64 a barrel. Gold futures are down $11.10 or 0.61% at $1,806.40 an ounce, while Silver futures are lower by $0.288 or 1.39% at $20.380 an ounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Morsa Images/DigitalVision via Getty Images UnitedHealth's ( UNH ) share price has dropped by 8% since my previous rating downgrade to a 'Hold.' It was a timely downgrade because UNH delivered disappointing Q4 earnings, which triggered another selloff wave. The stock currently trades just below a strong $300 support level, while its valuation ratios look extremely attractive across the board. I th...
Morsa Images/DigitalVision via Getty Images UnitedHealth's ( UNH ) share price has dropped by 8% since my previous rating downgrade to a 'Hold.' It was a timely downgrade because UNH delivered disappointing Q4 earnings, which triggered another selloff wave. The stock currently trades just below a strong $300 support level, while its valuation ratios look extremely attractive across the board. I think that too much pessimism is already priced in while the company still remains profitable with an unparalleled scale in the industry. Of course, regulatory and political uncertainty persists under President Trump's administration. However, I believe that UNH currently offers a compelling risk-reward, and the stock deserves to be upgraded back to 'Buy.' Time to Buy UNH There are a few reasons to buy UNH. The share price has more than halved from its ATH of $600 in late 2024, as it currently trades slightly below $300. This appears to be a strong psychological support level for UNH. I think so, not only because of this beautiful even number but also because the stock traded at approximately $300 just before the pandemic. And if we go to UNH's historical income statement , we can see that its revenue has almost doubled since then. Of course, despite revenue almost doubling, the FY2025 EBITDA returned to FY2019 levels. SA However, a much larger scale gives more opportunities to unlock cost efficiency opportunities because your fixed overheads can be spread across a much larger revenue base. Moreover, the AI era will open new opportunities to streamline and automate many back-office tasks, which is another likely opportunity to drive cost efficiency. UNH's management expects to generate $1 billion in AI-driven cost reductions in the foreseeable future, and I think it is just the tip of an iceberg considering the company's massive headcount of circa 400k employees . Therefore, even if UNH's revenue continues stagnating due to adverse political and regulatory developments, I thi...
Strategas has a message for investors who think Nvidia (NASDAQ:NVDA) has already peaked: you’re looking at the wrong number. In a recent appearance, Strategas analyst Ryan Grabinski made the bull case plainly: Nvidia should be at like $212-$215, not $180. I just think there continues to be — are we at the peak for Nvidia ... Strategas: Nvidia Should Trade to $212-$215, Not $180; Earnings Aren’t Pe...
Strategas has a message for investors who think Nvidia (NASDAQ:NVDA) has already peaked: you’re looking at the wrong number. In a recent appearance, Strategas analyst Ryan Grabinski made the bull case plainly: Nvidia should be at like $212-$215, not $180. I just think there continues to be — are we at the peak for Nvidia ... Strategas: Nvidia Should Trade to $212-$215, Not $180; Earnings Aren’t Peaking
hapabapa Wedbush ( IVES ) said it is seeing sales cycle elongation across the board but has not seen any lost deals in the pipeline following its security and software channel checks related to cyber spending. The firm noted that from a vendor standpoint, CrowdStrike ( CRWD ) and Rubrik ( RBRK ) had the strongest feedback. Analysts led by Dan Ives said that they hosted a call with a security indus...
hapabapa Wedbush ( IVES ) said it is seeing sales cycle elongation across the board but has not seen any lost deals in the pipeline following its security and software channel checks related to cyber spending. The firm noted that from a vendor standpoint, CrowdStrike ( CRWD ) and Rubrik ( RBRK ) had the strongest feedback. Analysts led by Dan Ives said that they hosted a call with a security industry expert, Jim Gruzlewski, to get feedback on cyber spending across enterprise and federal verticals in North America. The analysts noted that organizations across the cybersecurity space continue to see an increase in total budgets across both enterprise businesses, which includes the increase in their separate AI budgets. The analysts added that they have noted seeing a 20% increase in enterprise budgets on Jan. 1, while seeing an additional 20% increase in its AI budget, resulting in a 33% net increase in IT budgets across tech and AI. "We note that ~50% of deals in the pipeline were revised downward of the 100 deals in Jim’s pipeline at this time last year with the average discount being ~$0.80 on the dollar, but we are not seeing the same theme; we are seeing ~80% of deals seeing a revision upward pointing to increased quotes for more products. We note that more companies are now seeing their goals change with greater emphasis on recurring revenue and stronger revenue growth across multiple products rather than just one product," said Ives and his team. The analysts added that more organizations are pushing their sales force to get additional training across new products to hit the higher goals, or there will be a greater impact on payouts; this is particularly focused on AI cyber companies, according to the analysts. "While the recent emergence of Claude Cowork has thrown a significant curveball across the cyber industry, we are yet to see a material impact on cyber budgets as more organizations are choosing for additional proof-of-concepts rather than replacement of...