Oli Scarff/Getty Images News BP ( BP ) said Thursday it agreed to sell its Gelsenkirchen refinery in Germany to Klesch Group for an undisclosed sum and raised its cost reduction target, as the company continues to simplify its portfolio and shore up its balance sheet. BP ( BP ) did not provide a value of the deal or the liabilities the sale would remove from its books, but Barclays analyst Lydia ...
Oli Scarff/Getty Images News BP ( BP ) said Thursday it agreed to sell its Gelsenkirchen refinery in Germany to Klesch Group for an undisclosed sum and raised its cost reduction target, as the company continues to simplify its portfolio and shore up its balance sheet. BP ( BP ) did not provide a value of the deal or the liabilities the sale would remove from its books, but Barclays analyst Lydia Rainforth estimated the latter in the $1.3B-$1.7B range. The company said the sale of the refinery, which processes ~12M metric tons/year of crude oil, allowed it to increase its structural cost reduction target by ~$1B to $6.5B-$7.5B by 2027, which equates to ~30% of its 2023 cost baseline. The deal will add to BP's ( BP ) free cash flow based on historical performance and will help lower the cash breakeven for its remaining refining portfolio, the company said. The move follows an agreement in December to sell a 65% stake in its Castrol lubricants business for $8B; BP ( BP ) said last month that it had announced or completed more than $11B of its $20B divestment target for 2027. More on BP Four Reasons BP Could Correct BP: Oil At $100, Strong Buy BP: Buybacks Halted As Balance Sheet Takes Priority, Yet Valuation Remains Attractive
Key Points Sold 62,013 shares of Kymera Therapeutics; estimated transaction value $4.19 million (based on mean unadjusted close for the quarter). The quarter-end position value increased by $2.41 million, reflecting both share sales and price movement. The transaction represented 0.4% of the fund’s 13F reportable assets under management (AUM). Nextech held 278,896 shares valued at $21.70 million a...
Key Points Sold 62,013 shares of Kymera Therapeutics; estimated transaction value $4.19 million (based on mean unadjusted close for the quarter). The quarter-end position value increased by $2.41 million, reflecting both share sales and price movement. The transaction represented 0.4% of the fund’s 13F reportable assets under management (AUM). Nextech held 278,896 shares valued at $21.70 million at quarter-end. The position now accounts for 2.1% of AUM, placing it outside the fund's top five holdings. 10 stocks we like better than Kymera Therapeutics › Nextech Invest, Ltd. disclosed in a February 17, 2026, Securities and Exchange Commission (SEC) filing that it reduced its stake in Kymera Therapeutics (NASDAQ:KYMR) by 62,013 shares, an estimated $4.19 million trade based on quarterly average pricing. Nextech Invest sold 62,013 shares of Kymera Therapeutics at an estimated transaction value of $4.19 million (based on quarterly average pricing). The quarter-end position value increased by $2.41 million, reflecting both share sales and price movement. The transaction represented 0.4% of fund’s 13F reportable assets under management (AUM). Post-trade holding: 278,896 shares valued at $21.70 million as of December 31, 2025. The position now represents 2.1% of AUM, which places it outside the fund's top five holdings. What happened According to the SEC filing dated February 17, 2026, Nextech Invest, Ltd. sold 62,013 shares of Kymera Therapeutics in the fourth quarter. The estimated transaction value was $4.19 million, calculated using the average closing price during the quarter. The quarter-end value of the position increased by $2.41 million, a figure reflecting both trading activity and changes in the stock’s price. What else to know Nextech Invest, Ltd. continued normal trading activity, trimming its Kymera stake to 2.1% of 13F AUM Top five holdings after the filing: NASDAQ:RVMD: $605.43 million (58.5% of AUM) NASDAQ:TYRA: $106.63 million (10.3% of AUM) NASDAQ:TNGX: $...
How it works The system is built on Palantir’s Ontology framework, which is designed to sit on top of existing systems of record and unify data across the mortgage lifecycle. The partners said the platform translates investor guidelines and operational policies into configurable, testable and auditable rules that can drive agentic AI — software agents that execute tasks on behalf of human users. I...
How it works The system is built on Palantir’s Ontology framework, which is designed to sit on top of existing systems of record and unify data across the mortgage lifecycle. The partners said the platform translates investor guidelines and operational policies into configurable, testable and auditable rules that can drive agentic AI — software agents that execute tasks on behalf of human users. In early use at Freedom Mortgage, the platform is already live on “several key processes,” improving speed and accuracy for servicing and operations staff, the companies said, although they did not disclose specific productivity or cost metrics. “This strategic partnership will reshape the future of our industry,” said Michael Middleman, chairman of Moder. “Together, we’re building technology that can help improve affordability, lower borrowing costs, and expand access to homeownership for millions of Americans.” “Combining our deep expertise in the mortgage industry with Palantir’s data and AI capabilities, we’re already seeing measurable results improving the homeownership experience and helping mortgage servicers run more efficiently,” Moder president and CEO Erik Anderson said. Freedom Mortgage is the first lender to pilot the joint platform. Based in New Jersey, Freedom was the nation’s eighth-largest mortgage lender in 2025, according to Inside Mortgage Finance (IMF). Its origination volume of $55.8 billion last year was up nearly 22% year over year. And Freedom was the sixth-largest primary mortgage servicer in the fourth quarter of 2025, with a $642 billion servicing portfolio, IMF reported. This week, the indirect parent company of Freedom Mortgage announced an expansion in the servicing arena, agreeing to purchase Seneca Mortgage Servicing LLC from EFJ Capital LP. Under the Freedom umbrella, Seneca is expected to expand its platform and allow outside investors to invest in high-quality mortgage assets. “Freedom Mortgage is excited about the tremendous impact this s...
JHVEPhoto/iStock Editorial via Getty Images Honeywell ( HON ) on Thursday introduced an artificial intelligence system designed to help industrial operators anticipate equipment issues and respond to potential disruptions before they escalate. The product, called Experion Operations Assistant, is built on the company’s Experion PKS control system and combines historical plant data with real-time i...
JHVEPhoto/iStock Editorial via Getty Images Honeywell ( HON ) on Thursday introduced an artificial intelligence system designed to help industrial operators anticipate equipment issues and respond to potential disruptions before they escalate. The product, called Experion Operations Assistant, is built on the company’s Experion PKS control system and combines historical plant data with real-time inputs. The goal is to give operators earlier visibility into emerging risks tied to safety incidents or production losses. Experion Operations Assistant (Honeywell) The launch follows a pilot program involving companies including Chevron ( CVX ) and TotalEnergies ( TTE ) ( TTEF ). During testing, the system identified potential alarm events several minutes in advance, allowing operators to take corrective steps and reduce unplanned downtime. Honeywell ( HON ) executives said the tool is intended to address operational challenges such as maintaining output from existing assets and managing the loss of experienced workers. The system uses plant-specific data and AI models to generate real-time guidance for control room staff. Designed to integrate with existing infrastructure, the assistant analyzes site-level information and provides alerts intended to help operators respond more quickly to developing issues. More on Honeywell International Honeywell International Inc. (HON) Presents at JPMorgan Industrials Conference 2026 Transcript Honeywell International Inc. (HON) Presents at Bank of America Global Industrials Conference 2026 Transcript Honeywell International Inc. (HON) Presents at Citi's Global Industrial Tech & Mobility Conference 2026 Transcript Honeywell slips as CEO flags Middle East shipping disruptions War isn’t moving defense stocks the way you’d expect: WSJ
AlexSecret/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Franklin Limited Duration Income Trust ( FTF ) has provided monthly distributions to its investors going all the way back to its inception in 2003. Though the distribution level has certainly changed over that time, it currently has a relatively hefty distribution rate of over 12% currently. That makes...
AlexSecret/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Franklin Limited Duration Income Trust ( FTF ) has provided monthly distributions to its investors going all the way back to its inception in 2003. Though the distribution level has certainly changed over that time, it currently has a relatively hefty distribution rate of over 12% currently. That makes it quite appealing for income-focused investors. However, it is always important to remember that a fund can pay what it would like, for as long as it likes, as long as the net asset value remains above $0. So, given the elevated distribution rate currently, there is some concern regarding the distribution's current coverage. At the same time, even if there is a cut, it is highly likely that it will still be providing a monthly distribution to investors, given its long history. Additionally, shares are continuing to trade at a relatively wider discount, which we had noted as one of the positives in our prior piece as well. That would suggest investors looking to add to their positions or maintain their current position today are doing so at a rather opportunistic valuation. FTF Basics 1-Year Z-score: -1.26 Discount/Premium: -8.29% Distribution Yield: 12.36% Expense Ratio: 1.68% Leverage: 32.11% Managed Assets: $367 million Structure: Perpetual FTF's investment objective is "to provide high, current income, with a secondary objective of capital appreciation." They do this by investing "primarily in high-yield corporate bonds, floating-rate corporate loans, and mortgage- and other asset-backed securities." The fund's focus is on fixed-income, primarily in the high-yield space. While it has an emphasis on corporate and leveraged loan investments, the fund's largest allocation is actually to marketplace loans. FTF also employs leverage in an effort to enhance the overall performance of the fund. That comes with greater overall volatility, increasing risk for investors. Additio...
What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, 1607 Capital Partners, LLC increased its holdings in iShares Trust - iShares MSCI Europe Financials ETF (EUFN 1.27%) by 921,396 shares during the fourth quarter. The fund’s quarter-end value in EUFN rose by $42.10 million, reflecting both new purchases and share price movement. What else to know T...
What happened According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, 1607 Capital Partners, LLC increased its holdings in iShares Trust - iShares MSCI Europe Financials ETF (EUFN 1.27%) by 921,396 shares during the fourth quarter. The fund’s quarter-end value in EUFN rose by $42.10 million, reflecting both new purchases and share price movement. What else to know The fund increased its EUFN stake, which now comprises 9.62% of its 13F reportable assets Top holdings after this filing: NYSEMKT:FEZ: $173.10 million (11.8% of AUM) NYSEMKT:BBJP: $111.64 million (7.6% of AUM) NYSEMKT:EWL: $89.59 million (6.1% of AUM) NYSEMKT:GOVT: $73.94 million (5.0% of AUM) NYSEMKT:BKLN: $61.00 million (4.2% of AUM) As of February 17, 2026, EUFN shares were priced at $37.33, up 44.0% over the past year. The ETF outperformed the S&P 500 by 34.71 percentage points. EUFN’s trailing twelve-month dividend yield is 3.55%; shares are 4.26% below their 52-week high. ETF overview Metric Value AUM 4.39 billion Dividend yield 3.50% Price (as of market close 2/17/26) $37.33 1-year total return 43.96% ETF snapshot iShares MSCI Europe Financials ETF (EUFN) provides targeted exposure to the financial sector across developed European markets, leveraging a market capitalization-weighted approach. The ETF is structured as an open-ended fund and is listed on NASDAQ, offering investors exposure to European financials. The fund tracks the performance of the MSCI Europe Financials Index, investing at least 80% of assets in constituent securities and similar investments. Its portfolio is composed primarily of equities from the financial sector in developed European markets. The fund's strategy enables investors to access a broad basket of leading European financial institutions through a single, liquid vehicle. EUFN's diversified holdings and attractive yield position it as a core satellite allocation for those seeking sector-specific international equity exposure. What this tr...
Oracle (ORCL) has been under pressure recently, and that’s why the latest analyst call is important. Analyst Siti Panigrahi at Mizuho wrote that “bearish concerns” surrounding Oracle are easing after the Q3 report while maintaining an “Outperform” rating on the shares but cutting the price target to $320 from $400 due to peer multiple contraction rather than a change in their underlying thesis. Th...
Oracle (ORCL) has been under pressure recently, and that’s why the latest analyst call is important. Analyst Siti Panigrahi at Mizuho wrote that “bearish concerns” surrounding Oracle are easing after the Q3 report while maintaining an “Outperform” rating on the shares but cutting the price target to $320 from $400 due to peer multiple contraction rather than a change in their underlying thesis. The old thesis was rather straightforward: Oracle’s aspirations in AI were legitimate, but the company would need to go heavily leveraged to support that investment in the data center business. The new argument is that a significant part of that business growth can be supported through customer prepayments and bring-your-own-hardware models. About Oracle Stock Oracle is one of the largest enterprise software and cloud infrastructure companies in the world, is based out of Austin, Texas, and has a market capitalization of approximately $444.9 billion. Oracle has become increasingly prominent in terms of its position within the overall AI infrastructure landscape as Oracle Cloud Infrastructure grows rapidly and wins larger deals within the AI space. ORCL's stock price has also seen significant volatility. The stock is currently at about $155, which is near the lower end of its 52-week range of $118.86 to $345.72. This means that the stock is up about 31% from the low end of its 52-week range but still down about 55% from the high end of its range. Regarding the valuation, the stock is no longer cheap but also no longer overpriced from the perspective of the old-school value investor. The stock is at 25.72 forward earnings and 7.75 sales. When the company is growing total revenue at more than 20% and cloud infrastructure at more than 80%, the stock price no longer seems overpriced from the perspective of the old-school value investor. The stock also offers a quarterly dividend of $0.50 per share. The next dividend is payable on April 24, 2026, to the shareholders of record as of...
US Defence Secretary Pete Hegseth said Thursday there was no “time frame” for ending the US-Israeli war against Iran , which was launched three weeks ago. “We wouldn’t want to set a definitive time frame,” Hegseth told a news conference, adding that “we’re very much on track” and that President Donald Trump would be the one to decide when to stop. “It will be at the president’s choosing, ultimatel...
US Defence Secretary Pete Hegseth said Thursday there was no “time frame” for ending the US-Israeli war against Iran , which was launched three weeks ago. “We wouldn’t want to set a definitive time frame,” Hegseth told a news conference, adding that “we’re very much on track” and that President Donald Trump would be the one to decide when to stop. “It will be at the president’s choosing, ultimately, where we say, ‘Hey, we’ve achieved what we need to.’” Advertisement American objectives in the war had not changed since strikes started on February 28, he said. The US has carried out strikes against 7,000 targets inside Iran , and hit more than 40 Iranian minelaying vessels and 11 submarines. A volunteer salvages belongings from a house damaged in a strike in Tehran on Wednesday. Photo: WANA/Reuters “Our objectives, given directly from our America-first president, remain exactly what they were on day one,” Hegseth told reporters.
WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed Having diverged significantly overnight from Brent crude prices, WTI is now exploding higher, breaking back above $100, after hopes of a US export ban were crushed by Politico's sources. Sophia Cai (@SophiaCai99) posted on X that: NEW: The White House will not implement a crude export ban, and told oil executives as much at this mo...
WTI Crude Bursts Back Above $100 After US Export Ban Hopes Crushed Having diverged significantly overnight from Brent crude prices, WTI is now exploding higher, breaking back above $100, after hopes of a US export ban were crushed by Politico's sources. Sophia Cai (@SophiaCai99) posted on X that: NEW: The White House will not implement a crude export ban, and told oil executives as much at this morning’s meeting with API, per an admin official who participated in the meeting. The reaction was immediate... Erasing the overnight blowout in the WTI-Brent spread... Will The White House deny this and signal the possibility? Tyler Durden Thu, 03/19/2026 - 11:51
Oracle Corporation ORCL is making one of the most aggressive infrastructure bets in enterprise technology, and its third-quarter fiscal 2026 results have sharpened the debate around whether this capital-intensive pivot will ultimately pay off. The company posted total revenues of $17.2 billion for the quarter ended Feb. 28, 2026, up 22% year over year. Cloud revenues climbed 44% to $8.9 billion, w...
Oracle Corporation ORCL is making one of the most aggressive infrastructure bets in enterprise technology, and its third-quarter fiscal 2026 results have sharpened the debate around whether this capital-intensive pivot will ultimately pay off. The company posted total revenues of $17.2 billion for the quarter ended Feb. 28, 2026, up 22% year over year. Cloud revenues climbed 44% to $8.9 billion, with Oracle Cloud Infrastructure (“OCI”) leading the charge at 84% growth to $4.9 billion. Non-GAAP earnings per share rose 21% to $1.79. These figures mark the first quarter in over 15 years where both organic total revenues and non-GAAP EPS grew at 20% or better simultaneously — a milestone that underscores the scale of Oracle's ongoing transformation. Yet the headline that continues to generate the most scrutiny is capital expenditure. Oracle has guided its fiscal 2026 capex guidance at $50 billion, a figure that has ballooned significantly over the past year and pushed free cash flow into negative territory. The risk side of the equation is real: a heavy debt load and constrained near-term cash generation leave limited room for execution missteps. The reward argument, however, is equally compelling. Remaining Performance Obligations surged 325% year over year to $553 billion — a contractual backlog driven almost entirely by large-scale AI agreements. Crucially, Oracle structured much of this demand to reduce capital strain, with customers either funding equipment upfront or supplying their own hardware. Over 10 gigawatts of power and data capacity have been secured for AI infrastructure over the next three years, with more than 90% partner-funded. Operating cash flow over the trailing 12 months stood at $23.5 billion. Looking ahead, Oracle raised its fiscal 2027 revenue target to $90 billion, signaling confidence in sustained demand conversion. Whether Oracle's capex surge represents disciplined long-term infrastructure investment or an overleveraged growth gamble will l...