Key Takeaways ARK divested 412,711 Roku shares valued at approximately $40 million spread across three exchange-traded funds The firm acquired 66,934 Amazon shares totaling ~$14.5 million following news of the company’s $21 billion Spanish expansion ARK continued reducing its Taiwan Semiconductor position, selling shares worth ~$4.9 million Purchases in Roblox and Genius Sports collectively reache...
Key Takeaways ARK divested 412,711 Roku shares valued at approximately $40 million spread across three exchange-traded funds The firm acquired 66,934 Amazon shares totaling ~$14.5 million following news of the company’s $21 billion Spanish expansion ARK continued reducing its Taiwan Semiconductor position, selling shares worth ~$4.9 million Purchases in Roblox and Genius Sports collectively reached approximately $15 million The firm also initiated smaller positions in Joby Aviation and Archer Aviation Cathie Wood’s investment management firm ARK Invest executed multiple significant portfolio adjustments on Wednesday, March 4, 2026, according to the company’s publicly disclosed trading activity. The most notable transaction involved divesting Roku holdings. The firm liquidated 412,711 shares across its ARKK, ARKW, and ARKF exchange-traded funds, representing approximately $40 million in total value. Following a 3.7% increase in Roku’s share price the previous session, ARK capitalized on the momentum to trim its exposure. Roku, Inc., ROKU This divestment represents part of a broader strategy. ARK has been systematically reducing its Roku allocation over multiple trading sessions since the streaming platform released its fiscal fourth-quarter financial results on February 14. Additionally, ARK decreased its exposure to Taiwan Semiconductor, offloading 13,663 shares valued at approximately $4.9 million. This transaction extended ARK’s recent pattern of scaling back its TSMC holdings. The firm also liquidated 202,146 Iridium Communications shares for roughly $4.95 million, while disposing of more than 1.4 million Nextdoor Holdings shares as it continues withdrawing from that position. Amazon Purchase Follows Major Spanish Investment Reveal ARK’s most substantial acquisition involved Amazon. The firm accumulated 66,934 shares distributed across five ETFs — ARKK, ARKQ, ARKW, ARKF, and ARKX — representing approximately $14.5 million in capital deployment. Amazon shares clim...
(RTTNews) - Snam (SRG.MI) reported fiscal 2025 net profit of 1.27 billion euros compared to 1.26 billion euros, last year. Adjusted EBITDA was 2.97 billion euros, up 7.8%. Adjusted net profit was 1.42 billion euros, up 10.3%. Total revenues were 3.89 billion euros, up 8.9% compared to 2024, mainly driven by higher regulated revenues from the gas infrastructure business. For 2026, the company expec...
(RTTNews) - Snam (SRG.MI) reported fiscal 2025 net profit of 1.27 billion euros compared to 1.26 billion euros, last year. Adjusted EBITDA was 2.97 billion euros, up 7.8%. Adjusted net profit was 1.42 billion euros, up 10.3%. Total revenues were 3.89 billion euros, up 8.9% compared to 2024, mainly driven by higher regulated revenues from the gas infrastructure business. For 2026, the company expects: adjusted net profit to reach above 1.45 billion euros, and adjusted EBITDA to reach around 3.1 billion euros. "We are investing 14 billion euros by 2030 to create an increasingly integrated, secure and competitive Italian and European energy system. We are pragmatically addressing the challenges of the current global context, with energy demand expected to grow in the medium to long term and gas to continue to play a central role as a key balancing energy vector to preserve system reliability and adequacy, as described in our new, technology-based energy scenario", said Agostino Scornajenchi, CEO. The Board decided to propose to the Shareholders' Meeting a final dividend of 0.1813 euro per share, payable on June 24, 2026. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Broadcom (NASDAQ: AVGO) just released its Q1 2026 results on March 4, showing the company continues to deliver exceptional growth. The stock currently trades around $310, well below its December 2025 high of $413. Despite the pullback, this remains a high-stakes bet on AI infrastructure. So is the dip a buying opportunity? It’s tempting, but risky. Broadcom’s business is firing on all cylinders, b...
Broadcom (NASDAQ: AVGO) just released its Q1 2026 results on March 4, showing the company continues to deliver exceptional growth. The stock currently trades around $310, well below its December 2025 high of $413. Despite the pullback, this remains a high-stakes bet on AI infrastructure. So is the dip a buying opportunity? It’s tempting, but risky. Broadcom’s business is firing on all cylinders, but the valuation remains stratospheric. At these prices, you’re paying for perfection with minimal margin for error. But before we delve into the details, if you seek an upside with less volatility than holding an individual stock, consider the High Quality Portfolio. It has comfortably outperformed its benchmark—a combination of the S&P 500, Russell, and S&P MidCap indexes—and has achieved returns exceeding 105% since its inception. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics. How expensive is it? Very. Broadcom trades at a P/E of 65 versus 25 for the S&P 500—nearly triple the market multiple. Based on trailing adjusted earnings, the P/E ratio stands at a lofty 49x—well above its four-year average of 35x. The P/S ratio of 24 dwarfs the S&P’s 3.3, and its price-to-free cash flow of 61 is almost three times the market’s 21. These aren’t premium valuations; they’re stratospheric. But the growth justifies it, right? The growth is undeniably impressive. Revenue has expanded 25.2% annually over three years, crushing the S&P 500’s 5.7%. Last quarter saw 29% year-over-year growth to $19.3 billion. Over the past year, revenue jumped from $52 billion to $64 billion. This is a company in hypergrowth mode. What about profitability? Exceptional. Operating margins of 41.3% and net margins of 36.6% are both far above market averages. Broadcom generated $26 billion in operating income and $28 billion in operating cash flow on $68 billion in reve...
imaginima/E+ via Getty Images A surge in oil prices triggered by the U.S. and Israel’s war on Iran will improve the current account balance of only a handful of sub-Saharan African economies, while most others are likely to suffer, according to a Bloomberg Economics report. If oil prices remain around $85 a barrel, Angola, Nigeria, and Ghana could see improvements in their current account balances...
imaginima/E+ via Getty Images A surge in oil prices triggered by the U.S. and Israel’s war on Iran will improve the current account balance of only a handful of sub-Saharan African economies, while most others are likely to suffer, according to a Bloomberg Economics report. If oil prices remain around $85 a barrel, Angola, Nigeria, and Ghana could see improvements in their current account balances, while the Democratic Republic of Congo, South Africa, and Kenya may be among the hardest hit, Bloomberg Economics economist Yvonne Mhango wrote in a report on Thursday. Bloomberg Economics estimates that a $20 increase in oil prices would have sharply uneven effects across sub-Saharan Africa. Angola’s current account balance could improve by as much as 3.3% of GDP, while Nigeria’s could rise by roughly 2.3%, based on calculations using World Bank WITS data. Nigeria stands to benefit not only from crude exports but also from refined fuel sales. Nigerian billionaire Aliko Dangote this week suggested he could increase shipments from his 650,000-barrel-per-day refinery to Europe if prices remain attractive. In contrast, oil/fuel-importing economies would likely face deteriorating external balances, with South Africa’s current account worsening by about 1% of GDP and the Democratic Republic of Congo’s by as much as 3.2%. “For most African economies, higher oil prices mean weaker currencies and renewed inflationary pressure, which could put rate hikes back on the table,” Mhango said. Inflation is expected to be the biggest risk for many countries. In South Africa, fuel costs are set to rise in April, according to Central Energy Fund data, while traders have begun pricing in the possibility of an interest-rate hike later this month. For South Africa, fuel supply constraints could also emerge if India and Oman, two of its largest suppliers, curb exports. Crude oil futures ( CL1:COM ) rose +2.2% to $76.28/bbl, while Brent crude ( CO1:COM ) was up +1.5% at $82.64/bbl. Natural gas f...
xiao zhou/iStock Editorial via Getty Images Alibaba ( BABA ) said it would form a task force to accelerate foundation model development, following the resignation of its Qwen AI unit head Lin Junyang. The task force will consist of Alibaba's CEO Eddie Wu, Alibaba Group Chief Technology Officer Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, according to a memo shared by CEO Wu to the Tongyi Lab...
xiao zhou/iStock Editorial via Getty Images Alibaba ( BABA ) said it would form a task force to accelerate foundation model development, following the resignation of its Qwen AI unit head Lin Junyang. The task force will consist of Alibaba's CEO Eddie Wu, Alibaba Group Chief Technology Officer Wu Zeming, and Alibaba Cloud CTO Zhou Jingren, according to a memo shared by CEO Wu to the Tongyi Laboratory colleagues, who develop the Qwen model. "Additionally, the company will establish a Foundation Model Task Force, consisting of me, Jingren and Fanyu [nickname for Wu Zeming], who will jointly coordinate group-wide resources to accelerate foundation model development, said the memo provided by Alibaba to Seeking Alpha. The letter came a day after the resignation of Lin, the technical lead for Alibaba’s Qwen foundational models. Lin said in a post on X that he was stepping down, which saw many, including Chinese AI startup MiniMax, thanking him for his contribution to the open-source community. CEO Wu said in the memo that the company accepted Lin's resignation and was thankful for his contributions. "Advancing foundation models is a core strategic priority for our future. While continuing to uphold our open-source model strategy, we will further scale up investment in AI research and development, accelerate the recruitment of top talent," said the memo. Zhou will continue to lead Tongyi Laboratory — the research division within Alibaba Cloud that develops the Qwen AI models — and drive its ongoing initiatives, the memo added. More on Alibaba From Deep Value To High Growth - Rethinking My Alibaba Position Alibaba: Risk Outweighs Reward In Its Q3 Earnings Despite AI Chips Alibaba Q3 Is Critical - But Not A Catalyst Alibaba's Qwen AI unit head steps down amid other exits Alibaba offers low-cost AI coding plans with API access to up to four models
JHVEPhoto/iStock Editorial via Getty Images Back in November 2025, I initiated coverage on Amgen Inc. ( AMGN ) with a buy rating. I viewed them as a cheap biotech leader as I saw strong sales growth, an impressive pipeline, and a discounted valuation relative to sector peers. The stock has gained a very respectable ~18% since then, and that is clearly shown in the rating history chart below. Amgen...
JHVEPhoto/iStock Editorial via Getty Images Back in November 2025, I initiated coverage on Amgen Inc. ( AMGN ) with a buy rating. I viewed them as a cheap biotech leader as I saw strong sales growth, an impressive pipeline, and a discounted valuation relative to sector peers. The stock has gained a very respectable ~18% since then, and that is clearly shown in the rating history chart below. Amgen reported earnings back in February, and so today I'll be analyzing their fundamentals to see if the bull thesis remains intact now. Seeking Alpha Below, it is shown that the long-term looks quite bright for Amgen, as their pipeline of innovative products is impressive. However, the company's financial performance is quite mixed, as growth is slowing and AmgenNow discounts look like they are taking a toll on the company's gross margin. Moving forward, guidance for 2026 is less than ideal. With the valuation having climbed since my previous article, the risk/reward now seems to be around neutral, with current levels not offering a good entry point. Therefore, I have decided to downgrade to a hold rating. Pipeline Looks Strong Amgen Q4 Presentation Before looking at their financial results for 2025 Q4, it is important to look at their pipeline since it is usually a key indicator of the company's future and long-run performance. Above, you can see Amgen's Phase 3 pipeline for the four key therapeutic areas. They have strong candidates in each of the categories, and for rare diseases, Tepezza and Dazodalibep are both expected to have study completions in H2 2026. Therefore, there is potential for approval in the not-so-distant future, and if the treatment is indeed successful, the financial results will follow. One of the most exciting pipeline products for Amgen is likely MariTide. Currently, there is no shortage of weight management options, but Amgen believes they bring a differentiated product to the table. In their presentation at the TD Cowen 46th Annual Health Care Confe...
Davide Campari-Milano NV raised its dividend and said its plan to focus on its strongest brands was paying off, sending the stock to its biggest gain in four months. Sales of Aperol and Espolon tequila are expanding in the US as the company disposes of weaker brands, Chief Executive Officer Simon Hunt said in an interview on Bloomberg Television. That’s helped Campari deleverage sooner than it exp...
Davide Campari-Milano NV raised its dividend and said its plan to focus on its strongest brands was paying off, sending the stock to its biggest gain in four months. Sales of Aperol and Espolon tequila are expanding in the US as the company disposes of weaker brands, Chief Executive Officer Simon Hunt said in an interview on Bloomberg Television. That’s helped Campari deleverage sooner than it expected, with more debt reduction in store. “We’re putting all of our effort behind fewer brands and really driving it,” Hunt said. “If you look at the individual brands we’re focusing on, we saw some very good growth.” Campari on Wednesday posted adjusted operating profit of €637 million ($738 million) for 2025, a 5% rise that surpassed a Bloomberg-compiled consensus of €615 million. Hunt unveiled a new strategy in November to refocus Campari on fewer names and dispose of non-core brands, using the increased cash flows and proceeds to lower debt. The plan’s success has allowed it to change its capital allocation formula, the company said, as it raised its dividend by 54% from the prior year, to €.10 per share. Read More: Campari’s New CEO Wants to Swap Beer for Aperol Spritz in US Campari advanced as much as 8.8%, the most intraday since Oct. 30, and were up 8.1% at 11:01 a.m. in Milan. Campari’s performance comes in dire times for the beverages industry, stuck between tariffs and a general trend of declining alcohol consumption. Guinness maker Diageo lowered its dividend and cut its sales view for 2026, while Pernod Ricard SA ’s sales also declined , weighed down by a prolonged slump in demand for spirits in the US and China. Fourth-quarter revenue growth, which hit 4.7% on an organic basis, was “impressive, considering an ongoing tough backdrop for the spirits sector and what its peers have reported,” RBC analyst Wassachon Udomsilpa said in a note. On an adjusted basis, net debt stood at 2.5 times earnings before interest, taxes, depreciation and amortization at year-end, ...
Bilibili press release ( BILI ): Q4 Non-GAAP EPS of $0.28 beats by $0.01 . Revenue of $1.19B beats by $10M , representing an increase of 8% from the same period of 2024. Average daily active users (DAUs) were 113.0 million, an increase of 10% year over year. Average daily time spent per active user were 107 minutes, an increase of 8% year over year. Net cash provided by operating activities. Net c...
Bilibili press release ( BILI ): Q4 Non-GAAP EPS of $0.28 beats by $0.01 . Revenue of $1.19B beats by $10M , representing an increase of 8% from the same period of 2024. Average daily active users (DAUs) were 113.0 million, an increase of 10% year over year. Average daily time spent per active user were 107 minutes, an increase of 8% year over year. Net cash provided by operating activities. Net cash provided by operating activities was RMB7.15 billion (US$1,022.0 million), compared with RMB6.01 billion in 2024. Cash and cash equivalents, time deposits and short-term investments. As of December 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB24.15 billion (US$3.45 billion). More on Bilibili Bilibili: Multiple Growth Catalysts Stacked For 2026 Seeking Alpha’s Quant Rating on Bilibili Historical earnings data for Bilibili Financial information for Bilibili