Aldi Irvan Darmansyah/iStock via Getty Images The following segment was excerpted from the Calamos Phineus Long/Short Fund Q1 2026 Commentary. Top 5 Stock Contributors for Q1 2026 NAME SYMBOL CONTRIBUTION % OF FUND NAV FIRM PROFILE L3 Harris Technologies Inc. ( LHX ) LHX 0.69% 3.6% long as of 03/31/26 US Defense BAE Systems PLC BA/LN 0.61% 2.4% long as of 03/31/26 US Defense Regal Rexnord Corp. RR...
Aldi Irvan Darmansyah/iStock via Getty Images The following segment was excerpted from the Calamos Phineus Long/Short Fund Q1 2026 Commentary. Top 5 Stock Contributors for Q1 2026 NAME SYMBOL CONTRIBUTION % OF FUND NAV FIRM PROFILE L3 Harris Technologies Inc. ( LHX ) LHX 0.69% 3.6% long as of 03/31/26 US Defense BAE Systems PLC BA/LN 0.61% 2.4% long as of 03/31/26 US Defense Regal Rexnord Corp. RRX 0.38% 1.5% long as of 03/31/26 US Industrials CACI International Inc. CACI 0.27% 1.6% long as of 03/31/26 US IT Services Johnson Controls Intl PLC ( JCI ) JCI 0.26% 2.2% long as of 03/31/26 US Industrials Click to enlarge L3Harris Technologies Inc. ( LHX ) L3Harris is a large US defense prime providing mission-critical technologies across space, airborne, and land domains, with strengths in communications, electronic warfare, and missile propulsion systems following its July 2023 acquisition of Aerojet Rocketdyne. The stock rallied in early January after President Trump indicated he would ask Congress for a $1.5 trillion defense budget in 2027—a 50% increase over fiscal 2026. While we have not assumed an increase of that magnitude, even a more modest 10%–20% increase should drive meaningful upside to revenue and earnings estimates over the next few years. The Aerojet acquisition continues to validate both financially and strategically. In mid-January, L3Harris announced a direct partnership with the Department of Defense to expand capacity for solid rocket motors that power vital US and allied missiles. The DoD will invest $1 billion in L3Harris' Missile Solutions business through a convertible preferred security, which would convert into common equity upon an expected IPO in the second half of 2026. We view LHX's majority ownership in this higher-growth business as additional upside given the premium multiples at which faster-growing defense technology names trade. We see nearly 20% upside to $410 based on 24x our 2027 EPS estimate, equivalent to a 4.2% free cash flow yi...
In this article @LCO.1 @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT In an aerial view, the Marathon Petroleum Corp's Los Angeles Refinery is seen on April 2, 2026 in Carson, California. Justin Sullivan | Getty Images Oil prices declined after closing sharply higher on Monday, as traders continue to assess the risk of immediate supply disruptions amid renewed tensions between the United St...
In this article @LCO.1 @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT In an aerial view, the Marathon Petroleum Corp's Los Angeles Refinery is seen on April 2, 2026 in Carson, California. Justin Sullivan | Getty Images Oil prices declined after closing sharply higher on Monday, as traders continue to assess the risk of immediate supply disruptions amid renewed tensions between the United States and Iran. Futures for international benchmark Brent crude for July delivery slid 0.60% to $113.77 per barrel Tuesday, while U.S. West Texas Intermediate futures lost 1.35% to $105.06 per barrel. Brent and WTI settled 6% and 4% higher, respectively on Monday. A fragile ceasefire between the United States and Iran appeared close to unraveling on Monday after the United Arab Emirates was hit by Iranian drones and missiles, while Washington said it had sunk Iranian vessels in the Strait of Hormuz. Speaking to Fox News, U.S. President Donald Trump warned that Iran would be "blown off the face of the earth" if it targeted U.S. ships safeguarding commercial traffic through the strait. In a separate post on Truth Social, Trump said a South Korean cargo vessel had come under fire in the waterway, adding: "Perhaps it's time for South Korea to come and join the mission!" Stock Chart Icon Stock chart icon Brent crude Global oil inventories are not yet at critically low levels, but the pace of drawdowns and uneven distribution across regions is raising concerns about localized shortages, Goldman Sachs wrote in a note on Monday. The bank said easily accessible buffers of refined products are being depleted rapidly, particularly in petrochemical feedstocks such as naphtha and LPG, as well as jet fuel. Chevron CEO Mike Wirth warned Monday that fuel shortages were a growing concern in some regions of the world as the strait remains closed. "I think as people look at the realities of very tight supplies, it's not just a question of price," Wirth told CNBC's David Faber at the Milken Ins...
Earnings Call Insights: Lattice Semiconductor (LSCC) Q1 2026 Management View CEO Fouad Tamer framed the quarter as momentum-driven and tied it directly to a major strategic shift, saying the AMI deal “positions Lattice to create the industry's most comprehensive secure management and control platform.” He reported Q1 revenue of $170.9 million and said the “Compute and Communications end market ach...
Earnings Call Insights: Lattice Semiconductor (LSCC) Q1 2026 Management View CEO Fouad Tamer framed the quarter as momentum-driven and tied it directly to a major strategic shift, saying the AMI deal “positions Lattice to create the industry's most comprehensive secure management and control platform.” He reported Q1 revenue of $170.9 million and said the “Compute and Communications end market achieved record revenue, driven by continued momentum in data center AI application,” adding that “62% of our revenue came from Compute and Communications products.” Tamer emphasized improving industrial conditions and channel normalization, stating industrial and embedded revenue “grew more than 20% sequentially” and that “channel inventory reduced from 3 months last quarter to close to 2 months of inventory on hand, and we expect this trend to continue to under 2 months in Q2.” CFO Lorenzo A. Flores said, “Revenue reached $170.9 million, growing 42% year-over-year and 17% quarter-over-quarter,” and added that non-GAAP EPS “grew more than 80% year-over-year to $0.41… and above the high end of our guidance.” On AMI, Tamer said Lattice signed a definitive agreement to acquire AMI and expects the combination of “BIOS, BMC and platform security” with Lattice hardware to create “the industry's most complete secure management and control platform,” while remaining “processor and silicon agnostic.” Outlook Q2 non-GAAP EPS guidance of $0.42-$0.46 vs. $0.38 (analystsEstimates) and Q2 revenue guidance of $175 million-$195 million vs. $171,022,800 (analystsEstimates); Flores said guidance “reflects expectations for Lattice stand-alone” because the company is “targeting closing the AMI acquisition in Q3.” Flores guided Q2 non-GAAP gross margin to “be 70% plus or minus 1%,” non-GAAP operating expense to “be between $64 million and $67 million,” and non-GAAP tax rate to “be between 4% and 6%.” Compared with the prior quarter’s tone, Q1 introduced transaction timing and accretion language a...