KanawatTH/iStock via Getty Images Mag 7 Stocks Fall Far Behind the "Other 493" The "Magnificent 7" once accounted for the majority of U.S. stock market performance, delivering outsized returns from 2023 through Q3 2025. Collectively making up nearly one-third of the S&P 500’s market capitalization, their performance largely influenced the broad market's rise in the preceding three years. However, ...
KanawatTH/iStock via Getty Images Mag 7 Stocks Fall Far Behind the "Other 493" The "Magnificent 7" once accounted for the majority of U.S. stock market performance, delivering outsized returns from 2023 through Q3 2025. Collectively making up nearly one-third of the S&P 500’s market capitalization, their performance largely influenced the broad market's rise in the preceding three years. However, market leadership has begun to shift. As valuations pushed higher and growth expectations were increasingly scrutinized, the group's performance has weakened, turning yesterday’s market leaders into today’s laggards. The " Lag 7 " is a more fitting moniker. Meanwhile, the "Other 493" stocks have quietly outperformed, producing broad gains over the past six months, lifting the equal-weighted index, while the Lag 7 has pulled down the S&P 500. Mag 7 Stocks Pull S&P 500 Below Equal-Weight Index: 6-Month Returns Seeking Alpha This shift in market leadership raises an important question: Are these mega-cap giants still worth owning? How I Used the Quant System to Review the Mag 7 Stocks If you’re not familiar with how the Quant Ratings and Factor Grades work, the system grades each stock by five "factors," which are Value, Growth, Profitability, Momentum, and EPS Revisions. To do this, we compare the relevant metrics for the factor in question for the stock to the same metrics for the other stocks in its sector. The factor is then assigned a grade, from A+ to F. To maximize the predictive value of the Quant Rating, some factors are weighted higher than others. In my review of the Mag 7 stocks, I analyzed each company’s Factor Grades to explain each of their respective Quant Ratings. 1. Amazon.com Inc ( AMZN ) Market Capitalization: $2.31T Quant Rating: Strong Buy Quant Sector Ranking (as of 03/18/2026): 16 out of 479 Quant Industry Ranking (as of 03/18/2026): 2 out of 26 Sector: Consumer Discretionary Industry: Broadline Retail Seeking Alpha Amazon stands out as the only Quant "...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Joe is thinking about... The chart of the 2-year yield tells the whole story of the day. The rate briefly dipped at 2 p.m. when the FOMC statement came out and we got this headline: *FED MAINTAINS PROJECTIONS FOR ONE RATE CUT IN 2026, ONE IN 2027 This wasn’t inevitable. With oil prices surging, and other measures of inflation firm, it would not be crazy at all for the FOMC to have taken cuts completely off the table. But as of right now, they still lean in a dovish direction. But then the very first question of Jerome Powell’s press conference, from Colby Smith of the FOMC, had to do with how the Fed is thinking about the oil price shock, and whether the fact that inflation has been above target for 5 years now will inform how the Fed is thinking about the problem. And after a little bit of throat clearing, Powell confirmed that yes it would. The fact that the Fed has missed its target for so long reduces the Fed’s comfort for looking through shocks that in another era might have been considered transitory. And this really set the tone for the entire Q&A portion of the press conference. Yes, the Fed is probably still overall slightly inclined to cut rates, particularly because so many of the various factors out there are logically one-offs. But the more one-offs you have (one-off pandemic, one-off war in Ukraine, one-off tariffs, one-off war in Iran etc.) the greater the perceived risk that inflation expectations become unmoored. Now I’m not sure if t...
JHVEPhoto Paramount Skydance's ( PSKY ) planned purchase of Warner Bros. Discovery ( WBD ) will “absolutely not” get quicker approval due to politics, the head of the Justice Department's antitrust division told Reuters on Wednesday. "The idea that somehow enforcement has been politicized is ludicrous," Acting Assistant Attorney General Omeed Assefi, told Reuters in an interview. There has been ...
JHVEPhoto Paramount Skydance's ( PSKY ) planned purchase of Warner Bros. Discovery ( WBD ) will “absolutely not” get quicker approval due to politics, the head of the Justice Department's antitrust division told Reuters on Wednesday. "The idea that somehow enforcement has been politicized is ludicrous," Acting Assistant Attorney General Omeed Assefi, told Reuters in an interview. There has been some speculation that the antitrust review of the deal may have an easier time due to Paramount CEO David Ellison's father, billionaire Oracle co-founder Larry Ellison, having some ties with President Donald Trump. California State Attorney General Rob Bonta has said that he's probing the combination and will be "vigorous" in its review. Shares of Warner Bros. edged lower by 1.1%, while Paramount Skydance fell 2.5%. More on Warner Bros. Discovery, Paramount Skydance Corporation Debt Will Eat Paramount's Future Returns Warner Bros. Discovery And Paramount Skydance: A Lower-Risk Arb Play And A Leveraged Bet Warner Bros. Discovery, Inc. (WBD) Paramount Skydance Corporation, - M&A Call - Slideshow Warner CEO Zaslav to pocket over $667M from sale to Paramount 'One Battle After Another' dominates Oscars
Reviva Pharmaceuticals Holdings ( RVPH ) on Wednesday said it intends to offer shares of its common stock and warrants to purchase shares of common stock in a public offering. All of the securities to be sold in the offering are to be offered by Reviva. The company currently intends to use the net proceeds from the offering together with its existing cash and cash equivalents to fund research and ...
Reviva Pharmaceuticals Holdings ( RVPH ) on Wednesday said it intends to offer shares of its common stock and warrants to purchase shares of common stock in a public offering. All of the securities to be sold in the offering are to be offered by Reviva. The company currently intends to use the net proceeds from the offering together with its existing cash and cash equivalents to fund research and development activities, including its planned RECOVER-2 Phase 3 trial for brilaroxazine in schizophrenia, and for working capital and other general corporate purposes. Source: Press Release More on Reviva Pharmaceuticals Seeking Alpha’s Quant Rating on Reviva Pharmaceuticals Historical earnings data for Reviva Pharmaceuticals Financial information for Reviva Pharmaceuticals
Accelerant Holdings press release ( ARX ): Q4 Non-GAAP EPS of $0.23 beats by $0.01 . Revenue of $248.4M (+30.3% Y/Y) beats by $3.43M . Chief Financial Officer Transition effective March 31, 2026 Jay Green notified the Accelerant Board of Directors of his plan to resign as Chief Financial Officer to pursue personal interests Linda Huber, an experienced and seasoned public company finance executive,...
Accelerant Holdings press release ( ARX ): Q4 Non-GAAP EPS of $0.23 beats by $0.01 . Revenue of $248.4M (+30.3% Y/Y) beats by $3.43M . Chief Financial Officer Transition effective March 31, 2026 Jay Green notified the Accelerant Board of Directors of his plan to resign as Chief Financial Officer to pursue personal interests Linda Huber, an experienced and seasoned public company finance executive, has joined Accelerant and will be named Chief Financial Officer First Quarter & Full Year 2026 Outlook Exchange Written Premium expected to be $1.07 billion to $1.13 billion in the first quarter of 2026 and at least $5.1 billion for the full year 2026 Third-Party Direct Written Premium expected to be $450 million to $470 million in the first quarter of 2026 and at least $2.2 billion for the full year 2026 Adjusted EBITDA expected to be $64 million to $66 million in the first quarter of 2026 and at least $275 million for the full year 2026 Shares -2.66% AH. More on Accelerant Holdings Accelerant Holdings: An Insurance Marketplace Trading Like A Broken IPO Accelerant Holdings reports Q4 results Accelerant expects Q4 revenue to be $248 million Historical earnings data for Accelerant Holdings Financial information for Accelerant Holdings
Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger on "Bloomberg Deals." UniCredit CEO Andrea Orcel said his takeover bid for Commerzbank is aimed at breaking a long-running impasse and forcing talks among stakeholders, as he seeks to revive a deal he has been pursuing for more than 18 months. (Source: Bloomberg)
Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger on "Bloomberg Deals." UniCredit CEO Andrea Orcel said his takeover bid for Commerzbank is aimed at breaking a long-running impasse and forcing talks among stakeholders, as he seeks to revive a deal he has been pursuing for more than 18 months. (Source: Bloomberg)
Serina Therapeutics ( SER ) on Wednesday said that it has entered into agreements for a private placement that could raise up to $30 million to support development of its Parkinson’s disease treatment. The financing includes an initial $15 million tranche expected to close on March 20, 2026, and a second tranche of up to $15 million anticipated by April 30, 2026. The offering consists of common st...
Serina Therapeutics ( SER ) on Wednesday said that it has entered into agreements for a private placement that could raise up to $30 million to support development of its Parkinson’s disease treatment. The financing includes an initial $15 million tranche expected to close on March 20, 2026, and a second tranche of up to $15 million anticipated by April 30, 2026. The offering consists of common stock and pre-funded warrants priced at $2.25 per share, with additional warrants that could generate up to $33.3 million if exercised. Proceeds will fund the company’s ongoing registrational study of SER-252 for advanced Parkinson’s disease. SER +46.10% after hours to $1.87. Source: Press Release More on Serina Therapeutics Seeking Alpha’s Quant Rating on Serina Therapeutics Historical earnings data for Serina Therapeutics Financial information for Serina Therapeutics
4D Molecular Therapeutics press release ( FDMT ): FY GAAP EPS of -$2.42 beats by $0.98 . Collaboration and license revenue was $85 million for the year ended December 31, 2025, as compared to $0 million for the year ended December 31, 2024. Cash, cash equivalents and marketable securities were $514 million as of December 31, 2025. Net loss was $140 million for 2025, as compared to net loss of $161...
4D Molecular Therapeutics press release ( FDMT ): FY GAAP EPS of -$2.42 beats by $0.98 . Collaboration and license revenue was $85 million for the year ended December 31, 2025, as compared to $0 million for the year ended December 31, 2024. Cash, cash equivalents and marketable securities were $514 million as of December 31, 2025. Net loss was $140 million for 2025, as compared to net loss of $161 million for 2024. More on 4D Molecular Therapeutics 4D Molecular Therapeutics, Inc. (FDMT) Presents at Barclays 28th Annual Global Healthcare Conference Transcript 4D Molecular Therapeutics, Inc. (FDMT) Presents at TD Cowen 46th Annual Health Care Conference Prepared Remarks Transcript 4D Molecular Therapeutics, Inc. (FDMT) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Seeking Alpha’s Quant Rating on 4D Molecular Therapeutics Historical earnings data for 4D Molecular Therapeutics
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Lea en español Argentina’s unemployment rate rose to 7.5% at the end of last year, the highest fourth-quarter reading since the Covid-19 pandemic, as job losses worsened before Javier Milei ’s administration passed a historic labor reform last month. The jobless rate in Argentina’s formal sector jumped for the first time in three quarters as informal employment held steady at about 43% of the empl...
Lea en español Argentina’s unemployment rate rose to 7.5% at the end of last year, the highest fourth-quarter reading since the Covid-19 pandemic, as job losses worsened before Javier Milei ’s administration passed a historic labor reform last month. The jobless rate in Argentina’s formal sector jumped for the first time in three quarters as informal employment held steady at about 43% of the employed population, according to data published Wednesday. Argentina’s formal private sector has lost over 200,000 salaried jobs, or about 3% of its total, since Milei took office. His administration has also cut several thousand government jobs, but the unemployment rate hasn’t jumped consistently during his tenure partly due to an increase in freelance and informal workers, according to a separate set of official data. Milei notched his biggest legislative victory in February when Congress passed a watered-down version of his labor reform that eases the rules and costs around hiring, firing and severance, among a series of other technical changes. While markets applauded the reform, economists warn it’s unlikely to quickly translate into job gains as economic activity sputters, consumer spending remains down and labor-intensive industries are struggling to compete as Milei opens up the economy. Milei’s Labor Reform Runs Into Reality in Struggling Steel Towns Inflation Topped Estimates in Argentina Ahead of Iran War Shock Argentina’s Lower House Passes Milei’s Flagship Labor Reform
Getty Images Howmet Aerospace Inc. ( HWM ) has a growing market opportunity across the aerospace & defense and industrial markets, led by increasing demand for aircraft deliveries and gas turbine manufacturing driven by heightened electricity demand. With a tight supply market for the niche products Howmet manufactures, I believe the firm should continue to realize margin-accretive growth over the...
Getty Images Howmet Aerospace Inc. ( HWM ) has a growing market opportunity across the aerospace & defense and industrial markets, led by increasing demand for aircraft deliveries and gas turbine manufacturing driven by heightened electricity demand. With a tight supply market for the niche products Howmet manufactures, I believe the firm should continue to realize margin-accretive growth over the coming years, supported by strong market dynamics and limited competition. Given the appealing market environment, I am recommending HWM shares with a Buy rating with a price target of $318/share at 34.25x eFY'28 EV/aEBITDA. Howmet Aerospace Operational Update Corporate Filings Howmet has found itself in a peculiar position with market demand outstripping its manufacturing capacity, a phenomenon that has been a common tone unique to the AI market in recent years. Rather than AI standing for artificial intelligence, aerospace & industrials are leading the way for heightened demand for Howmet’s hardened, lightweight alloys. As a result of heightened backlogs amongst the aerospace OEMs, Howmet is positioned to drive growth through capacity expansion to keep up with demand. According to the IATA , the commercial aircraft fleet currently stands at roughly 35,550, with the average age nearing 15 years, up from a multi-decade low of 13 years in 2017. As a result of supply chain disruptions during COVID-19 and Boeing’s ( BA ) operational challenges, there is currently a 5,284 aircraft supply gap, with the market not expected to normalize until 2034. IATA As a result of the tight supply chain for aircraft manufacturing, I believe Howmet may also realize an appealing market environment for maintenance, repair, and overhaul [MRO] work, which I expect will also be a tight market over the coming years, as suggested in my report covering StandardAero ( SARO ). MRO is similar to OEM with respect to engine repair as well as aftermarket engine manufacturing as offered by companies like AAR...
Jiade Limited ( JDZG ) will implement a 1-for-25 reverse stock split effective March 23, 2026. The move is aimed at regaining compliance with Nasdaq’s minimum bid price requirement. The split will significantly reduce outstanding shares across Class A, Class B, and preference shares. JDZG shares down 29.5% post-market. More on JIADE Limited JIADE Limited signs cooperation pact with South Korea’s C...
Jiade Limited ( JDZG ) will implement a 1-for-25 reverse stock split effective March 23, 2026. The move is aimed at regaining compliance with Nasdaq’s minimum bid price requirement. The split will significantly reduce outstanding shares across Class A, Class B, and preference shares. JDZG shares down 29.5% post-market. More on JIADE Limited JIADE Limited signs cooperation pact with South Korea’s Chinalink Education Financial information for JIADE Limited
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal second-quarter profit of $13.79 billion. On a per-share basis, the Boise, Idaho-based company said it had profit of $12.07. Earnings, adjusted for one-time gains and costs, came to $12.20 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks ...
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal second-quarter profit of $13.79 billion. On a per-share basis, the Boise, Idaho-based company said it had profit of $12.07. Earnings, adjusted for one-time gains and costs, came to $12.20 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $8.80 per share. The chipmaker posted revenue of $23.86 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $19.61 billion. For the current quarter ending in May, Micron expects its per-share earnings to range from $18.75 to $19.55. The company said it expects revenue in the range of $32.75 billion to $34.25 billion for the fiscal third quarter. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU
Costa Rica closed its embassy in Cuba citing attacks on free speech and a deteriorating economy that has made it difficult to find basic goods. The Central American nation also asked Cuba to reciprocate and close its embassy in San Jose, leaving only consulate personnel to handle visas, Costa Rican Foreign Affairs Minister Arnoldo Andre Tinoco told reporters Wednesday. “Closing the embassy is a fi...
Costa Rica closed its embassy in Cuba citing attacks on free speech and a deteriorating economy that has made it difficult to find basic goods. The Central American nation also asked Cuba to reciprocate and close its embassy in San Jose, leaving only consulate personnel to handle visas, Costa Rican Foreign Affairs Minister Arnoldo Andre Tinoco told reporters Wednesday. “Closing the embassy is a firm signal of concern, and an invitation for significant change that allows for the re-establishment of diplomatic relations,” Tinoco said. “There have been a significant worsening of restrictions on fundamental freedoms including limits on free speech and peaceful protest.” Tinoco said that worsening economic conditions on the island have made it difficult to find food and medicine and access basic services. US President Donald Trump has stepped up pressure on the island’s communist government, enforcing an oil embargo that has led to nationwide blackouts amid a dwindling fuel supply. Other governments including Guatemala and Honduras said they would stop using Cuban doctors and health care workers , depriving the island of a source of revenue and foreign currency. The Cuban government said it is in talks with Washington amid the mounting pressure.
dLocal press release ( DLO ): Q4 GAAP EPS of $0.18 in-line. Revenue of $337.89M (+65.2% Y/Y) beats by $41.55M . Full year 2026 outlook For 2026, dLocal provides the following financial guidance: Metric 2025 2026 Guidance Key considerations TPV $40.8B 50% - 60% YoY Strong commercial traction with large merchants scaling across geographies Expansion deals with APMs Aggregation theory benefits create...
dLocal press release ( DLO ): Q4 GAAP EPS of $0.18 in-line. Revenue of $337.89M (+65.2% Y/Y) beats by $41.55M . Full year 2026 outlook For 2026, dLocal provides the following financial guidance: Metric 2025 2026 Guidance Key considerations TPV $40.8B 50% - 60% YoY Strong commercial traction with large merchants scaling across geographies Expansion deals with APMs Aggregation theory benefits create flywheel: pricing pressure downstream, FX liquidity and better data to aid conversion rates leads to more customer acquisition Gross Profit $403M 22.5% – 27.5% YoY Some structural volume-based discounting expected, which is a sign of scale and of our long-term merchant relationships Operating Profit $220M 27.5% – 32.5% YoY We will use Operating Profit a measure beginning in 2026 to assess our operating performance New OPEX baseline post-2025 investment cycle, temporarily pressuring 1H26 margins but driving operating leverage improvements in 2H26 Click to enlarge Shares +7.42% AH.