Robert Way Alibaba ( BABA ) was in the spotlight on Tuesday as Citi reiterated its Buy rating on the Chinese tech giant, citing gains in artificial intelligence and cloud computing. “We forecast AI-related revs to grow at 90% CAGR from FY26-31E to reach 70% of total cloud revs by FY2031 with [model-as-a-service revenues] growing at 235% CAGR to reach Rmb438.6bn, representing 53% of total cloud rev...
Robert Way Alibaba ( BABA ) was in the spotlight on Tuesday as Citi reiterated its Buy rating on the Chinese tech giant, citing gains in artificial intelligence and cloud computing. “We forecast AI-related revs to grow at 90% CAGR from FY26-31E to reach 70% of total cloud revs by FY2031 with [model-as-a-service revenues] growing at 235% CAGR to reach Rmb438.6bn, representing 53% of total cloud revs by FY2031,” analyst Alicia Yap wrote in a note to clients. In addition to the Buy rating, Yap reiterated her $205 price target on the ADRs, noting there may be “significant value-unlocking opportunities” ahead. She also upped her 2028 and 2029 cloud revenue estimates, as she expects cloud revenue to grow at a 39% compound annual rate from 2026 until 2031, hitting an estimated Rmb833.4B by 2031. “We believe Alibaba is well-positioned to capitalize on the rapid growth of the token economy and reaffirm its status as our top pick for China AI play,” Yap added. More on Alibaba Alibaba Making All The Right Moves, But It's Not On Sale Yet Alibaba's AI Engine Is Powering A Still Undervalued Comeback Alibaba: Burning Profits To Build China's AI Stack, And It's Working Alibaba adds Qwen AI to Taobao to offer agentic shopping Quant snapshot: Beachbody, Deutsche Telekom among top-rated names as IceCure Medical, Fold Holdings lag
syahrir maulana/iStock via Getty Images This article updates my review of November 2025 in light of current holdings and recent performance. FESM strategy Fidelity Enhanced Small Cap Core ETF ( FESM ) is an actively managed fund launched on 12/20/2007. However, historical data are publicly available from 11/20/2023 because it was listed as an ETF in November 2023. FESM has 688 holdings, a dividend...
syahrir maulana/iStock via Getty Images This article updates my review of November 2025 in light of current holdings and recent performance. FESM strategy Fidelity Enhanced Small Cap Core ETF ( FESM ) is an actively managed fund launched on 12/20/2007. However, historical data are publicly available from 11/20/2023 because it was listed as an ETF in November 2023. FESM has 688 holdings, a dividend yield of 0.54%, and an expense ratio of 0.28%. It is a large and liquid fund, with about $5 billion in assets under management and $30 million in average daily traded volume. As described by Fidelity , the fund selects and weights companies from the Russell 2000 Index using… …a research-driven approach identifying long-term drivers of stock returns that may include, but are not limited to, valuation, growth, quality, and other factors. This multi-factor process is combined with a proprietary portfolio construction and risk-management methodology. The fund has an objective of capital appreciation and intends to outperform the Russell 2000 in total return. The portfolio turnover rate in the most recent fiscal year was 73%. This article will use as a benchmark the parent index Russell 2000, represented by iShares Russell 2000 ETF ( IWM ). FESM portfolio FESM is almost exclusively invested in U.S. companies (99% of asset value). The sector breakdown is close to that of the Russell 2000. It was already the case in my latest review, suggesting that the weighting methodology, undisclosed in the prospectus, aims to keep sector risk similar to the parent index. The portfolio has notable exposure in industrials (19.3%), technology (18.3%), financials (15.4%), and healthcare (14.9%). Other sectors are below 8%. FESM sector breakdown in % of asset value (Chart: author; data: Fidelity, iShares) FESM holds 5.5% of assets in cash-equivalent funds and is very diversified, with low company-specific risk. The top 10 stock holdings, listed in the next table, represent 10.7% of asset value, a...
Wall Street’s verdict on Apollo Global Management (NYSE: APO) after a week of frenzied dealmaking is unmistakably bullish. Analysts have a Moderate Buy consensus with an average price target of $146.71 for the stock, and the high end of the range now stretches well above where shares closed Monday, even after a sharp one-month rebound ... Wall Street’s Verdict on Apollo Global After a Flurry of De...
Wall Street’s verdict on Apollo Global Management (NYSE: APO) after a week of frenzied dealmaking is unmistakably bullish. Analysts have a Moderate Buy consensus with an average price target of $146.71 for the stock, and the high end of the range now stretches well above where shares closed Monday, even after a sharp one-month rebound ... Wall Street’s Verdict on Apollo Global After a Flurry of Dealmaking
watch now VIDEO 4:10 04:10 OpenAI CEO Sam Altman set to testify today Squawk Box OpenAI CEO Sam Altman is slated to testify in federal court in Oakland, California, on Tuesday as part of the trial in Elon Musk 's lawsuit against the artificial intelligence company. Altman is expected to take the stand after Bret Taylor, the chairman of the board at OpenAI, concludes his testimony , his lawyers tol...
watch now VIDEO 4:10 04:10 OpenAI CEO Sam Altman set to testify today Squawk Box OpenAI CEO Sam Altman is slated to testify in federal court in Oakland, California, on Tuesday as part of the trial in Elon Musk 's lawsuit against the artificial intelligence company. Altman is expected to take the stand after Bret Taylor, the chairman of the board at OpenAI, concludes his testimony , his lawyers told Judge Yvonne Gonzalez Rogers on Monday. Taylor was called as a witness on Monday afternoon, where he answered questions about the role of OpenAI's board and the company's corporate structure. He will re-take the stand at 8:30 a.m. PT on Tuesday. Musk sued OpenAI, Altman, and the company's president, Greg Brockman, in 2024, alleging they went back on their vow to keep the company a nonprofit and to follow its charitable mission. Musk, who co-founded OpenAI alongside Altman and Brockman in 2015, claims the roughly $38 million he donated to the company was used for unauthorized commercial purposes. Altman's testimony has been a highly anticipated moment in the trial, which kicked off late last month. Musk, who took the stand during the first week of proceedings, repeatedly accused Altman and Brockman of trying to enrich themselves and "steal a charity." CNBC's reporters covered the trial from the federal courthouse in Oakland, California, as well as from CNBC's bureaus in San Francisco and Englewood Cliffs, New Jersey. 26 Min Ago Here's what Bret Taylor has said so far Taylor took the stand toward the end of Monday's proceedings. He is the chairman of OpenAI's board, a role he agreed to take on during the chaotic period where Altman was briefly ousted as CEO in 2023. Taylor said it was a rough few days for the company. "I would describe it as dire," Taylor testified. "It felt like the organization might collapse if a resolution was not reached." Taylor also spoke about OpenAI's corporate structure before and after its recapitalization last year. He said the new setup is a lo...
GMR Solutions Inc. , an air and ground emergency medical services company that counts KKR & Co. among its backers, revised the terms of its IPO and is seeking to raise $479 million, down from an earlier target of as much as $798 million. The company, known as Global Medical Response, fixed its initial public offering price at $15 each, according to a filing Tuesday with the US Securities and Excha...
GMR Solutions Inc. , an air and ground emergency medical services company that counts KKR & Co. among its backers, revised the terms of its IPO and is seeking to raise $479 million, down from an earlier target of as much as $798 million. The company, known as Global Medical Response, fixed its initial public offering price at $15 each, according to a filing Tuesday with the US Securities and Exchange Commission. GMR had offered nearly 32 million shares at $22 to $25 apiece. If GMR sells all 32 million shares at $15, it would have a market value of about $3.3 billion, based on the outstanding shares listed in Tuesday’s filing. Funds affiliated with KKR, Ares Management Corp. , and BlackRock Inc. ’s HPS are expected to buy $500 million of private placement warrants at the IPO price in a concurrent deal, the filing shows. The placement was increased from $350 million in the previous filing. GMR is the largest provider of emergency medical services and one of the largest integrated providers of alternate-site, out-of-hospital care in the US. Its air and ground ambulances are able to provide service to all 50 states, the filing shows. The firm’s operations cover more than 60% of the country’s population. The company encounters about 5.5 million patients annually and has a team of more than 24,000 clinicians. KKR acquired helicopter ambulance company Air Medical Group Holdings Inc. from investors including Bain Capital in a $2.09 billion deal in 2015, according to PitchBook data. The New York-based firm then combined the company with American Medical Response after buying the transport company from Envision Healthcare Corp. for $2.4 billion in cash in 2017. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . KKR and entities affiliated with BlackRock hold greater than 5% stakes in the company, ...
US consumer beef prices surged to new all-time highs, adding urgency to the Trump administration’s efforts to tackle inflation. Average ground beef prices in April broke the $7 per pound threshold for the first time, while steak surged past $13 a pound, according to data from the US Bureau of Labor Statistics on Tuesday. The White House has been trying to tamp down prices of the protein ahead of t...
US consumer beef prices surged to new all-time highs, adding urgency to the Trump administration’s efforts to tackle inflation. Average ground beef prices in April broke the $7 per pound threshold for the first time, while steak surged past $13 a pound, according to data from the US Bureau of Labor Statistics on Tuesday. The White House has been trying to tamp down prices of the protein ahead of the midterm elections, though the complexities of the cattle supply chain are poised to keep prices elevated for longer. Read More: Record Beef Prices Spark Blame Game in Complex Cattle Economy Trump had been expected to sign executive orders on Monday aimed at reducing beef prices, Bloomberg reported . The orders, one of which would have temporarily suspended the tariff-rate quota to allow for more imports, were delayed as the administration finalizes details, the Wall Street Journal said late Monday. The newspaper added that the delay followed an outcry from cattle ranchers and some congressional Republicans. Beef prices continue to rise even as the US imported nearly 600,000 tons of beef and beef products in the first quarter of this year, up 16% from the same period in 2025, according to the US Department of Agriculture. Those shipments are forecast to reach a record this year in order to meet resilient demand at a time when the country’s own cattle herd is at its smallest in 75 years, though foreign shipments still make up less than 20% of supplies. Trump has already increased the amount that Argentina is allowed to ship, and other major global beef exporters like Brazil and Australia could also be poised to benefit from the executive orders. Yet increasing imports comes with political risks. Trump’s move in Argentina also faced a fierce backlash from ranchers and the lawmakers representing them. Foreign imports would likely cool overall beef prices, but still don’t mark a quick fix as such shipments often come in the form of lean beef trimmings to be blended with fatti...
Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) closed fiscal 2025 within a day of each other, and their dividend postures diverge more than the headline numbers suggest. Home Depot beat on earnings with a steadier balance sheet. Lowe’s missed, but is leaning harder on acquisitions and shareholder payouts even as equity sits underwater. Both ... Home Depot vs. Lowe’s: One Dividend Has Room to Double
Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) closed fiscal 2025 within a day of each other, and their dividend postures diverge more than the headline numbers suggest. Home Depot beat on earnings with a steadier balance sheet. Lowe’s missed, but is leaning harder on acquisitions and shareholder payouts even as equity sits underwater. Both ... Home Depot vs. Lowe’s: One Dividend Has Room to Double
The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.72%. June E-mini S&P futures (ESM26 ) are down -0.38%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.72%. June E-mini S&P futures (ESM26 ) are down -0.38%, and June E-mini Nasdaq futures...
Quarterly filings reveal Nvidia's revenue base and profit margins far outpace AMD's, with both companies posting notable product launches in early 2026.
Quarterly filings reveal Nvidia's revenue base and profit margins far outpace AMD's, with both companies posting notable product launches in early 2026.
Wheat is extending the bounce from Monday, with early Tuesday double digit gains. The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. Open interest suggested new buying, up 2,947 contracts, mainly in December (+4,057) KC...
Wheat is extending the bounce from Monday, with early Tuesday double digit gains. The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. Open interest suggested new buying, up 2,947 contracts, mainly in December (+4,057) KC...
Live cattle futures closed Monday with contracts up 50 cents in front month June, but other contracts 55 cents lower to down $1.92. Open interest was down 5,729 contracts, with 13,165 rolling out of June. Cash trade settled in at $256-260 last week, with southern action $256-258 and northern trade...
Live cattle futures closed Monday with contracts up 50 cents in front month June, but other contracts 55 cents lower to down $1.92. Open interest was down 5,729 contracts, with 13,165 rolling out of June. Cash trade settled in at $256-260 last week, with southern action $256-258 and northern trade...
Corn prices are up 3 to 4 cents so far on Tuesday. Futures closed the Monday session with contracts up 3 to 5 cents across most contracts. Open interest showed modest short covering, down 3,444 contracts, mainly in July (-9,266). The CmdtyView national average Cash Corn price was up 4...
Corn prices are up 3 to 4 cents so far on Tuesday. Futures closed the Monday session with contracts up 3 to 5 cents across most contracts. Open interest showed modest short covering, down 3,444 contracts, mainly in July (-9,266). The CmdtyView national average Cash Corn price was up 4...
Lean hog futures posted gains of 27 cents to $1.60 across the board on Monday. Open interest was up 708 contracts, suggesting a rotation of ownership, with 11,455 contracts rolling out of June. USDA’s national base hog price was not reported on Monday afternoon to thin trade. The CME Lean...
Lean hog futures posted gains of 27 cents to $1.60 across the board on Monday. Open interest was up 708 contracts, suggesting a rotation of ownership, with 11,455 contracts rolling out of June. USDA’s national base hog price was not reported on Monday afternoon to thin trade. The CME Lean...
Cotton prices are down 95 to 110 points so far on Tuesday morning. Futures rallied 152 to 304 points across most contracts on Monday, with some deferreds lower. The US dollar index was $0.016 higher at $97.800. Crude oil was up $2.83 at $98.25 on Monday. NASS Crop Progress data...
Cotton prices are down 95 to 110 points so far on Tuesday morning. Futures rallied 152 to 304 points across most contracts on Monday, with some deferreds lower. The US dollar index was $0.016 higher at $97.800. Crude oil was up $2.83 at $98.25 on Monday. NASS Crop Progress data...
Soybeans are trading with 2 to 5 cent gains on Tuesday morning. Futures saw gains of 2 ¼ to 5 ½ cents across the board on Monday. Net new buying was noted, with open interest up 2,921 contracts, heavily in November (+3,969). The cmdtyView national average Cash Bean price was...
Soybeans are trading with 2 to 5 cent gains on Tuesday morning. Futures saw gains of 2 ¼ to 5 ½ cents across the board on Monday. Net new buying was noted, with open interest up 2,921 contracts, heavily in November (+3,969). The cmdtyView national average Cash Bean price was...
peterschreiber.media/iStock via Getty Images Consumer staples stocks with strong momentum are continuing to attract investor attention, especially those that also offer reasonable valuations. The following list highlights consumer staples companies that earned an A+ momentum grade, ranking them based on recent performance while also factoring in valuation grades to uncover potentially undervalued ...
peterschreiber.media/iStock via Getty Images Consumer staples stocks with strong momentum are continuing to attract investor attention, especially those that also offer reasonable valuations. The following list highlights consumer staples companies that earned an A+ momentum grade, ranking them based on recent performance while also factoring in valuation grades to uncover potentially undervalued opportunities among the market’s strongest performers. Leading the list is Archer-Daniels-Midland Company ( ADM ), which combines an A+ momentum grade with a solid C+ valuation grade. Close behind are The Andersons, Inc. ( ANDE ) and Bunge Global SA ( BG ), both of which also carry the highest possible momentum rating, reflecting strong recent price performance. The list showcases a broad mix of companies across the consumer staples sector. It includes food retail operators such as Casey’s General Stores ( CASY ), specialty food distributor The Chefs’ Warehouse ( CHEF ), and beverage brand The Vita Coco Company ( COCO ). Although all eight companies achieved top-tier momentum grades, their valuation profiles differ considerably. Among the group, United Natural Foods ( UNFI ) stands out as the strongest combination of momentum and value, earning both an A+ momentum grade and an A+ valuation grade. Darling Ingredients Inc. ( DAR ) also appears particularly attractive, pairing its A+ momentum score with an A- valuation grade. These two companies may offer the most compelling balance between strong market performance and attractive pricing. The grading system ranges from A+ to F. In the momentum category, an A+ grade represents stocks with the strongest recent performance trends. In valuation, an A+ grade signals the most undervalued stocks, while lower grades indicate increasingly expensive valuations. Here is the list: Archer-Daniels-Midland ( ADM ), Momentum: A+, Valuation C+ The Andersons ( ANDE ), Momentum: A+, Valuation C Bunge Global SA ( BG ), Momentum: A+, Valuation C-...