Natali_Mis/iStock via Getty Images Investment Thesis In spite of the fundamental headwinds casting a shadow over the BDC sector, a lot of investors continue to maintain their confidence in these assets. But I see more significant risks, and the risk profile is starting to outweigh the double-digit returns of funds like the VanEck BDC Income ETF ( BIZD ) and the Putnam BDC Income ETF ( PBDC ). Some...
Natali_Mis/iStock via Getty Images Investment Thesis In spite of the fundamental headwinds casting a shadow over the BDC sector, a lot of investors continue to maintain their confidence in these assets. But I see more significant risks, and the risk profile is starting to outweigh the double-digit returns of funds like the VanEck BDC Income ETF ( BIZD ) and the Putnam BDC Income ETF ( PBDC ). Some of the most notable developments have centered on Blue Owl Capital, Inc. ( OWL ), which has seen its stock lose more than 40% since the start of 2026. The freeze on redemptions by Blue Owl is causing panic among retail and institutional investors that previously considered alternative lending one of the safest market segments for generating high passive income. Century Capital's financial irregularities are exacerbating the situation, and Moody's has downgraded FS KKR Capital ( FSK ) to «junk» status (Ba1). This company's non-performing loan ratio has reached 5.5%, with the software crash in Q1 2026 increasingly hitting software companies, who have historically been some of BDC’s key borrowers. Considering that BDCs must repay or refinance $12.7 billion in unsecured debt in 2026, the impact on NII and future payments will be even more severe. This article aims not merely to provide a comparative analysis of BIZD and PBDC rather to justify why I am changing my rating on them from «Hold» to «Sell.» Previous Thesis A key point of my previous article on BIZD and PBDC was how focusing on active portfolio management for PBDC would yield higher returns than BIZD. Furthermore, it is PBDC that has demonstrated higher total return metrics over time, showing the early effectiveness of active management through portfolio rebalancing and the elimination of BDC assets with poor performance. Also, it was my opinion that the active management style of PBDC’s portfolio managers would enable them to anticipate the potential negative impact of continued monetary easing by the Fed by shifting...
Dmitry Vinogradov/iStock Editorial via Getty Images The Invesco S&P MidCap Quality ETF ( XMHQ ) has struggled to deliver market-beating returns for shareholders over the last twelve months. XMHQ’s subpar performance is blamed on its portfolio concentration in the health care and financial stocks, with a lower tilt towards the information technology sector. On the positive side, the industrial and ...
Dmitry Vinogradov/iStock Editorial via Getty Images The Invesco S&P MidCap Quality ETF ( XMHQ ) has struggled to deliver market-beating returns for shareholders over the last twelve months. XMHQ’s subpar performance is blamed on its portfolio concentration in the health care and financial stocks, with a lower tilt towards the information technology sector. On the positive side, the industrial and energy sectors are contributing to its total returns. Its expense ratio of 0.25% is lower than the median of all ETFs but higher than most of its peers. The valuations are slightly higher when compared to the broader mid-cap index. The fund received a hold rating with a low quant score of less than 3.0. I also maintain my hold rating for XMHQ. Whereas, I suggest investors consider other mid-cap strategies for better returns than XMHQ. XMHQ Struggles Compared to Peers In the last twelve months, XMHQ underperformed compared to the S&P MidCap 400 Index and other strategies. XMHQ price returns compared to peers (Seeking Alpha) For example, in the last twelve months, XMHQ’s price return of 7% was lower than the State Street SPDR S&P MidCap 400 ETF Trust’s ( MDY ) 11%. Whereas, other ETFs, including the Invesco S&P MidCap 400 QVM Multi-factor ETF ( QVMM ), Invesco S&P MidCap Momentum ETF ( XMMO ), Invesco S&P MidCap Value with Momentum ETF ( XMVM ), and iShares S&P Mid-Cap 400 Growth ETF ( IJK ), have also outperformed the quality factor ETF by a significant percentage. XMHQ dividend profile compared to peers (Seeking Alpha) Besides the price returns, XMHQ’s dividend yield of 0.62% is significantly below its peers. In addition, the fund’s dividend growth history is unimpressive, given several cuts since 2020. Why Is XMHQ Underperforming? The Invesco S&P MidCap Quality ETF seeks to track the performance of the S&P MidCap 400 Quality Index by using a full replication technique. The fund’s quality portfolio is built on three key characteristics: higher return on equity, strong profi...
Strategic Education (NASDAQ:STRA) , a global provider of degree and workforce training programs, reported a sale by its General Counsel in its latest SEC filing. Lizette Benedi Herraiz, General Counsel of Strategic Education, reported the sale of common stock in an open-market transaction on March 18, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($7...
Strategic Education (NASDAQ:STRA) , a global provider of degree and workforce training programs, reported a sale by its General Counsel in its latest SEC filing. Lizette Benedi Herraiz, General Counsel of Strategic Education, reported the sale of common stock in an open-market transaction on March 18, 2026, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($79.88); post-transaction value based on March 18, 2026 market close ($80.41). Continue reading
Alistair Berg | Digitalvision | Getty Images About 59 million Americans provided care for an adult family member, neighbor or friend in 2024, according to a new report from the AARP Public Policy Institute. Their efforts added up to 49.5 billion hours of care, representing $1.01 trillion in total economic value annually, the report estimates. The Public Policy Institute is the policy research arm ...
Alistair Berg | Digitalvision | Getty Images About 59 million Americans provided care for an adult family member, neighbor or friend in 2024, according to a new report from the AARP Public Policy Institute. Their efforts added up to 49.5 billion hours of care, representing $1.01 trillion in total economic value annually, the report estimates. The Public Policy Institute is the policy research arm for the AARP, a nonprofit, nonpartisan organization representing individuals ages 50 and older. Family caregivers usually provide long-term services and supports, nearly all of which are unpaid, the research found. The average hourly value for that work was $20.41 in 2024. Their labor includes essential care for adults like managing medications, coordinating care appointments and assisting with other needs like bathing, dressing and navigating insurance claims, Myechia Minter-Jordan, CEO of AARP, said during a press briefing on the research. "Many are doing all of this while working, while raising children and trying to stay afloat, both financially and emotionally," Minter-Jordan said. watch now VIDEO 4:26 04:26 How to prevent burnout and financial stress when caring for an elderly parent or relative Personal Finance The $1.01 trillion economic value of family caregiving exceeded the $932 billion total in federal, state and local Medicaid spending and $557 billion total in out-of-pocket health spending, according to AARP. This is the seventh report AARP has done on caregiving costs. Its first report estimated that the economic value of caregiving in 2006 was $350 billion, with an average hourly value of $9.63. "Behind every data point in our report is a person, a daughter, a husband, a grandchild, a neighbor," Nancy LeaMond, chief advocacy and engagement officer at AARP, said during the press briefing. "They deserve some financial relief." How policy changes may help defray costs In the recent presidential election, both Democratic and Republican nominees said they were in...
Oxford Industries press release ( OXM ): Q4 GAAP EPS of -$0.48 misses by $0.52 . Revenue of $374.5M (-4.1% Y/Y) beats by $2.66M . Royalties and other operating income decreased $4 million to $16 million for the full year primarily due to decreased royalty income in Tommy Bahama reflecting the lower sales of licensing partners. Full-year net loss was $28 million in fiscal 2025, compared to net earn...
Oxford Industries press release ( OXM ): Q4 GAAP EPS of -$0.48 misses by $0.52 . Revenue of $374.5M (-4.1% Y/Y) beats by $2.66M . Royalties and other operating income decreased $4 million to $16 million for the full year primarily due to decreased royalty income in Tommy Bahama reflecting the lower sales of licensing partners. Full-year net loss was $28 million in fiscal 2025, compared to net earnings of $93 million in the prior year. For the fourth quarter of fiscal 2025, net loss was $7 million compared to net earnings of $18 million in the prior year. Full-year EBITDA was $36 million in fiscal 2025, compared to $187 million in the prior year. On an adjusted basis, full-year EBITDA was $107 million compared to $193 million in the prior year. For the fourth quarter of fiscal 2025, adjusted EBITDA was $8 million compared to $38 million in the prior year, while adjusted EBITDA was $14 million in fiscal 2025 and $40 million in the prior year. As a result of interim impairment assessments performed in the third quarter of fiscal 2025, the Company recognized noncash impairment charges totaling $61 million, primarily related to the Johnny Was trademark. Interest expense increased to $7 million from $2 million in the prior year period primarily due to higher average outstanding debt during fiscal 2025 than the prior year. The effective tax rate for fiscal 2025 was 27% compared to 20% in the prior year. The effective tax rate for the fourth quarter of fiscal 2025 was 27% compared to 8% for the fourth quarter of fiscal 2024. The effective tax rates for both the full year and fourth quarter of fiscal 2025 were higher than a typical effective tax rate of 25% and included certain unfavorable discrete items that are not expected to recur in future periods. More on Oxford Industries Oxford Industries, Inc. (OXM) Q3 2025 Earnings Call Transcript Oxford Industries Q4 2026 Earnings Preview Top-yielding consumer discretionary stocks amid war-driven global energy shock Seeking Alpha’...
Successful completion of first-in-human study LIBERATE-1 paired with preclinical proof of concept data for a semaglutide implant advance NPM-139, miniature, ultra long-acting semaglutide implant under development for chronic weight management toward a Phase 1 clinical study with results anticipated by the end of 2026.
Successful completion of first-in-human study LIBERATE-1 paired with preclinical proof of concept data for a semaglutide implant advance NPM-139, miniature, ultra long-acting semaglutide implant under development for chronic weight management toward a Phase 1 clinical study with results anticipated by the end of 2026.
Micron Stock Slumps After Google Unveils New Technology wsj.com Here's Why Micron Stock Fell 12% This Week The Motley Fool Micron Technology (MU) Shares Rallied More Than Triple In 2025 Yahoo Finance
Micron Stock Slumps After Google Unveils New Technology wsj.com Here's Why Micron Stock Fell 12% This Week The Motley Fool Micron Technology (MU) Shares Rallied More Than Triple In 2025 Yahoo Finance
Conférence téléphonique et diffusion en direct sur Internet le mercredi 1er avril 2026 à 14h00 CEST / 8h00 EDT Conférence téléphonique et diffusion en direct sur Internet le mercredi 1er avril 2026 à 14h00 CEST / 8h00 EDT
Conférence téléphonique et diffusion en direct sur Internet le mercredi 1er avril 2026 à 14h00 CEST / 8h00 EDT Conférence téléphonique et diffusion en direct sur Internet le mercredi 1er avril 2026 à 14h00 CEST / 8h00 EDT
Conference call and webcast scheduled for Wednesday, April 1st, 2026, at 8:00 am EDT / 2:00 pm CEST Conference call and webcast scheduled for Wednesday, April 1st, 2026, at 8:00 am EDT / 2:00 pm CEST
Conference call and webcast scheduled for Wednesday, April 1st, 2026, at 8:00 am EDT / 2:00 pm CEST Conference call and webcast scheduled for Wednesday, April 1st, 2026, at 8:00 am EDT / 2:00 pm CEST
J Studios/DigitalVision via Getty Images On one side, there are the tech layoff announcements, often to clean up what tech CEOs widely called “over-hiring” to describe what they’d done in 2020-2022, when their payrolls exploded; Block CEO Jack Dorsey was the latest on X , “yes we over-hired during covid…,” after Block announced that it would lay off nearly half its staff, which had more than tripl...
J Studios/DigitalVision via Getty Images On one side, there are the tech layoff announcements, often to clean up what tech CEOs widely called “over-hiring” to describe what they’d done in 2020-2022, when their payrolls exploded; Block CEO Jack Dorsey was the latest on X , “yes we over-hired during covid…,” after Block announced that it would lay off nearly half its staff, which had more than tripled in 2020-2022 (from 3,900 to 12,500). At the same time, there is helter-skelter hiring for AI-related jobs with huge compensation offers leading to what’s locally called a “mansion shortage” in AI epicenter San Francisco. And there is very tepid hiring in other parts of the private sector, accompanied by massive layoffs at the federal government, and job reductions at state governments. These currents come amid a crackdown on illegal immigration and the tightening up of some legal immigration that have led to a drop in the total supply of labor. This is not a labor market the US is used to. It’s a labor market of low unemployment despite low job creation in the private sector and job destruction at the federal government. Job creation in the private sector is low because there is less demand for labor in some industries, including because AI is being deployed to do things that college graduates entering the labor market would have done, making this job market very difficult to enter for recent graduates. And job creation is also low because of labor shortages in other industries, such as skilled labor in the trades, including those needed in construction, which has started a whole discussion of how it would have been better for some young people, instead of going to college and loading up on student loans, to go to trade school and then train to be auto technicians or electricians or HVAC technicians or carpenters or welders. The latest piece of the puzzle in these countercurrents : The four-week average of initial applications for unemployment insurance benefits in the w...
BMA’s decision to withdraw from talks with government and NHS chiefs has sparked a war of words NHS bosses have accused resident doctors of seeking to cause “maximum harm” to patients by striking for six days next month over pay and jobs. Wes Streeting has given resident – formerly junior – doctors in England until 2 April to reconsider their rejection on Wednesday of his “generous” offer to end t...
BMA’s decision to withdraw from talks with government and NHS chiefs has sparked a war of words NHS bosses have accused resident doctors of seeking to cause “maximum harm” to patients by striking for six days next month over pay and jobs. Wes Streeting has given resident – formerly junior – doctors in England until 2 April to reconsider their rejection on Wednesday of his “generous” offer to end the dispute. It would have given them £700m in extra pay over the next three years. Continue reading...
Datacentrex ( DTCX ) on Thursday said it has commenced a public offering of common stock and pre-funded warrants to purchase common stock, subject to market conditions. The company said it intends to use the proceeds for working capital and general corporate purposes, but did not disclose the size or pricing of the offering. The offering is being made under an effective shelf registration filed wi...
Datacentrex ( DTCX ) on Thursday said it has commenced a public offering of common stock and pre-funded warrants to purchase common stock, subject to market conditions. The company said it intends to use the proceeds for working capital and general corporate purposes, but did not disclose the size or pricing of the offering. The offering is being made under an effective shelf registration filed with the U.S. Securities and Exchange Commission. DTCX -9.67% after hours to $2.8. Source: Press Release More on Datacentrex, Inc. Financial information for Datacentrex, Inc.
Newsmax Inc. press release ( NMAX ): Q4 Revenue of $52.2M beats by $8.21M . Newsmax reported a quarterly Net Loss of $(3.0) million as compared to a net loss of $(6.9) million reported in same quarter in the prior year, primarily driven by higher strategic investments in headcount, programming and production capabilities to support the ongoing expansion and enhancement of our content offering, sto...
Newsmax Inc. press release ( NMAX ): Q4 Revenue of $52.2M beats by $8.21M . Newsmax reported a quarterly Net Loss of $(3.0) million as compared to a net loss of $(6.9) million reported in same quarter in the prior year, primarily driven by higher strategic investments in headcount, programming and production capabilities to support the ongoing expansion and enhancement of our content offering, stock-based compensation costs, offset by higher broadcasting advertising, affiliate fees, book sales and licensing revenue. Quarterly adjusted EBITDA was $(1.3) million, a decrease of $(3.8) million from the amount reported in the same quarter last year, primarily due to higher production and programming expense, increased personnel, increase legal, consulting and public company costs. (See reconciliation of net loss to adjusted EBITDA below). The Company ended the quarter with $131.3 million in cash and short-term investments. cash and cash equivalents were $20.4 million and short-term investments were $110.9 million. More on Newsmax Inc. Newsmax: Still Not Cheap Enough Newsmax to debate broadcaster lobby group NAB on TV ownership rules Newsmax to launch local channel in Ukraine, signs distribution deals in Europe, Mid-East Historical earnings data for Newsmax Inc. Financial information for Newsmax Inc.
Zenas BioPharma ( ZBIO ) has commenced underwritten public offerings of its convertible senior notes due 2032 and shares of its common stock. In addition, Zenas intends to grant the underwriters a 30-day option to purchase up to an additional 15% of convertible notes and shares of common stock. Zenas BioPharma currently intends to use the net proceeds from the proposed offerings, if consummated, t...
Zenas BioPharma ( ZBIO ) has commenced underwritten public offerings of its convertible senior notes due 2032 and shares of its common stock. In addition, Zenas intends to grant the underwriters a 30-day option to purchase up to an additional 15% of convertible notes and shares of common stock. Zenas BioPharma currently intends to use the net proceeds from the proposed offerings, if consummated, to support the planned U.S. commercial launch of obexelimab for the treatment of IgG4-RD, if approved, and to advance the company’s development pipeline, including funding its ongoing and planned orelabrutinib Phase 3 clinical trials for progressive multiple sclerosis and ZB021 Phase 1 and Phase 2 clinical development, as well as for working capital and other general corporate purposes. ZBIO +0.09% after hours to $22.17. Source: Press Release More on Zenas BioPharma, Inc. Zenas BioPharma, Inc. (ZBIO) Discusses Positive Phase 3 INDIGO Trial Results for Obexelimab in IgG4-Related Disease Transcript Zenas: Maintaining 'Strong Buy' As Cross-Trial Comparison Of Obexelimab Should Not Be A Factor Zenas BioPharma, Inc. GAAP EPS of -$4.54 misses by $3.66 Zenas Bio rises after over $1M stock purchase by CEO Seeking Alpha’s Quant Rating on Zenas BioPharma, Inc.
bari paramarta After a week-long pause due to the regional conflict, Ferrari ( RACE ) is resuming shipments to the Middle East. The disruptions in the Strait of Hormuz, coupled with the closure of airspace in the region limiting options for automakers to ship vehicles. To compensate, Ferrari ( RACE ) employed contingency measures and adapted to the conflict with the “maximum level of flexibility,”...
bari paramarta After a week-long pause due to the regional conflict, Ferrari ( RACE ) is resuming shipments to the Middle East. The disruptions in the Strait of Hormuz, coupled with the closure of airspace in the region limiting options for automakers to ship vehicles. To compensate, Ferrari ( RACE ) employed contingency measures and adapted to the conflict with the “maximum level of flexibility,” said Giorgio Turri, Managing Director of Ferrari Middle East. Ships were rerouted around the Strait of Hormuz, while planes were used to fly in a limited number of vehicles. While the elevated cost to fly in a vehicle would make certain vehicles prohibitively expensive, Ferrari ( RACE ) owners were willing to pay the additional $20K to $40K bill to ensure a safe delivery. Despite the challenges delivering a vehicle, Turri confirmed to Gulf News that there were no cancellations. “It’s not a need—it's a dream. You don’t take decisions based on the mood of the day. The dream is never a short-term decision,” Turri added. More on Ferrari Ferrari: The Luxury Flywheel Seems Intact, But 'Luce' Is The Brand Test Of The Decade Ferrari Remains Resilient But Isn't A Buy Yet Ferrari N.V. (RACE) Q4 2025 Earnings Call Transcript Iran conflict chokes off Ferrari's richest region As Lamborghini shelves plan for EV supercar, Ferrari takes the lead