Vadym Terelyuk/iStock via Getty Images Shares of BXP ( BXP ) have been a poor performer over the past year, losing about 10% of their value. The owner of office real estate has struggled with secular headwinds, and beyond that, its large expansion project has been a source of concern given an already leveraged balance sheet. I last covered shares in December when I downgraded the stock to a "hold"...
Vadym Terelyuk/iStock via Getty Images Shares of BXP ( BXP ) have been a poor performer over the past year, losing about 10% of their value. The owner of office real estate has struggled with secular headwinds, and beyond that, its large expansion project has been a source of concern given an already leveraged balance sheet. I last covered shares in December when I downgraded the stock to a "hold" given my concerns about its development plan. While I was right to be cautious, I should have cut shares all the way to a sell considering their 17% decline. With updated financials, now is a good time to revisit BXP to see if shares are worth buying here. Seeking Alpha In the company's first quarter , BXP generated $1.59 of funds from operations ("FFO"), which beat estimates by $0.01 as revenue grew 1% to $872 million. While revenue was up slightly, FFO was down 3% from last year. Rental operating expenses grew about 4% to $344 million more than offsetting revenue gains and leading to compressed margins. During the quarter, it executed 1.1 million square feet of leases at an 8.7 year average term. Frankly against the backdrop of deep pessimism in the office sector, BXP's operating results were solid. BXP's occupancy rate was 87.4%, up 70bps sequentially with its leased rate at 90.9%. Until tenants actually occupy the space, BXP does not begin recording revenue, reflecting the fact that some work is often needed to be done by the landlord to get the property ready to be occupied. This 350bp gap is fairly large, and as this lease space becomes occupied, it should begin lifting revenue. 90% of the space is slated to commence this year, which is why I have been expecting occupancy to improve in 2026. BXP generates about 90% of its results of its revenue from central business districts ("CBD"), and it mostly operates high-quality properties in core urban centers. It reported sequential improvement in every single metro area except for one, Washington DC. I am very cautious on ...
juvaida khatun/iStock via Getty Images Annualized Annualized Annualized Annualized Annualized Performance 1Q26 1YR 3YR 5YR 7YR 10YR TimesSquare International Small Cap Composite (Gross) -4.32% 19.15% 9.77% 1.54% 4.99% 5.61% TimesSquare International Small Cap Composite (Net) -4.53% 18.16% 8.76% 0.57% 3.98% 4.59% MSCI EAFE® Small Cap (Net) Index -1.25% 25.55% 12.64% 4.43% 7.38% 7.42% Click to enlar...
juvaida khatun/iStock via Getty Images Annualized Annualized Annualized Annualized Annualized Performance 1Q26 1YR 3YR 5YR 7YR 10YR TimesSquare International Small Cap Composite (Gross) -4.32% 19.15% 9.77% 1.54% 4.99% 5.61% TimesSquare International Small Cap Composite (Net) -4.53% 18.16% 8.76% 0.57% 3.98% 4.59% MSCI EAFE® Small Cap (Net) Index -1.25% 25.55% 12.64% 4.43% 7.38% 7.42% Click to enlarge Please see the important performance and other related disclosures at the end of this Commentary, which are an integral part of this quarterly Commentary Newsletter. In the first quarter, markets navigated a complex backdrop of geopolitical tensions and economic resilience, alongside temporary global tariffs following a Supreme Court decision. Prior to the Iran conflict, markets had reached all-time highs with lower volatility, a dynamic that reversed following U.S. and Israeli engagement. Oil prices spiked, supply chains were disrupted, financial conditions tightened, and investors shifted toward safer assets. The conflict in Iran further underscored the growing importance of national resilience, prompting a re-evaluation of global supply chains and energy dependencies and accelerating the shift away from efficiency toward resilience and strategic autonomy. Central banks largely held policy steady in response to energy-driven inflation, with both the Federal Reserve and the ECB adopting a wait-and-see approach. Meanwhile, Japan’s snap election delivered political stability and a mandate for fiscal expansion, despite ongoing concerns around long-term debt sustainability. Amidst this volatility, international equities outperformed their US peers. For the quarter, the Russell 3000’s -5% return underperformed both the MSCI EAFE (-1%) and MSCI Emerging Markets (-0.2%). Value indexes outpaced growth in both developed and emerging markets. Among global risk factors, Momentum, Liquidity, and Dividend Yield enjoyed positive performance, while Beta, Profitability, and Growth were...
Check out the companies making the biggest moves premarket: Seagate Technology — The data storage stock popped almost 18%. Seagate sees fiscal fourth-quarter revenue coming in at $3.45 billion, plus or minus $100 million, and adjusted earnings of $5 per share, plus or minus 20 cents. That compares to the LSEG estimate of $3.97 per share in earnings and revenue of $3.16 billion. Third-quarter resul...
Check out the companies making the biggest moves premarket: Seagate Technology — The data storage stock popped almost 18%. Seagate sees fiscal fourth-quarter revenue coming in at $3.45 billion, plus or minus $100 million, and adjusted earnings of $5 per share, plus or minus 20 cents. That compares to the LSEG estimate of $3.97 per share in earnings and revenue of $3.16 billion. Third-quarter results beat estimates on the top and bottom lines. Booking Holdings — Shares fell about 4.5% after the travel technology platform lowered its full-year adjusted earnings per share growth to the "low to mid-teens," down from prior estimates in the "mid-teens," citing lagging impacts from the Middle East conflict through the end of June. However, Booking posted both a beat on both the top and bottom lines for its first quarter. Shares of Expedia Group slipped about 3% in sympathy. Mondelez International — The maker of Oreo cookies and Sour Patch Kids candy added 1.5% after reporting first-quarter adjusted earnings of 67 cents per share on revenue of $10.08 billion. Analysts polled by FactSet had anticipated earnings of 61 cents per share and $9.75 billion in revenue. Humana — Shares of the insurer fell about 4.5% despite it reporting an earnings and revenue beat in its first quarter report. Humana delivered earnings of $10.31 per share and $39.65 billion in revenue, compared to expectations of $10.20 in earnings per share and $39.37 billion in revenue, according to analysts polled by FactSet. While the company's earnings guidance for 2026 was reaffirmed at above estimates, its full-year revenue outlook came in cooler than expected. Robinhood — The maker of the trading app saw shares tumble nearly 10% after first-quarter results fell short of expectations. Robinhood posted earnings of 38 cents per share on revenue of $1.07 billion. LSEG consensus estimates called for 43 cents per share and $1.18 billion. Starbucks — The coffee chain jumped 4% after Starbucks raised its full-year o...
If you're anywhere near retirement age, you've probably heard that the longer you wait to collect Social Security, the more you'll get per month. And that's true. Americans who qualify for retirement benefits can choose to start receiving them at any point between the ages of 62 and 70, and the longer you wait, the higher your monthly benefit will be. However, many people don't know how much of a ...
If you're anywhere near retirement age, you've probably heard that the longer you wait to collect Social Security, the more you'll get per month. And that's true. Americans who qualify for retirement benefits can choose to start receiving them at any point between the ages of 62 and 70, and the longer you wait, the higher your monthly benefit will be. However, many people don't know how much of a difference the age at which you claim Social Security makes. So, let's take a closer look at what it could mean to you to start collecting Social Security at the ages of 62, 67, 70, and any other age within that range. Image source: Getty Images. Continue reading
Tim Robberts/DigitalVision via Getty Images Sure enough, I have anticipated a much better period for AppLovin ( APP ). Quite frankly, the stock is down in double digits since my last piece . But did it change my view around the company? Well, no, not really. So far, I was wrong. I have underestimated how investor confidence and sentiment may change in a short period of time. AI threat-driven sell-...
Tim Robberts/DigitalVision via Getty Images Sure enough, I have anticipated a much better period for AppLovin ( APP ). Quite frankly, the stock is down in double digits since my last piece . But did it change my view around the company? Well, no, not really. So far, I was wrong. I have underestimated how investor confidence and sentiment may change in a short period of time. AI threat-driven sell-off was brutal. But I don't think in APP's case it was justified. Sure, the software sector needed a cool-off from premium valuations, but I don't find much rationale behind APP's drop to be honest. I don't change my rating. I maintained a Strong Buy. Short-term volatility didn't change my long-term thesis. Quite the opposite, I view several tailwinds developing favorably. Significant APP's Market Position That AI Can't Replace Don't get me wrong. AI threat is real. But I don't think the risk is so significant as for other tech-software names, quite frankly. AppLovin has an ecosystem that requires time to be built. It surely wasn't surprising that this fear of AI disrupting businesses sparked a sell-off in APP, too. But in my honest opinion, I don't find much rationale behind AppLovin dropping more than tech-software ETF ( IGV ) over the past 6 months, which contains names that are much disruptable. As you can see down below, the mobile tech name had a strong correlation to IGV's performance. APP: Stock Performance Versus IGV (Seeking Alpha) That's why I say that it's difficult to me to rationalize this sell-off. Sure, it wasn't the cheapest stock. But it's still a high-growth name with strong presence in the field. Also, it enhances AI capabilities itself with its Axon . So, it's even more challenging to justify the downtrend. The way I view it, AI may not disrupt it, but quite oppositely help APP maintain strong market position. On top of this, APP's strength is the ecosystem. It has years of experience, know-how, and tools, which have led to happy clientele. That's impor...
Canadian National Railway press release ( CNI ): Q1 Non-GAAP EPS of $1.80 misses by $0.01 . Revenue of $4.38B (-0.5% Y/Y) misses by $20M . Operating ratio, defined as operating expenses as a percentage of revenues, of 64.6%, an increase of 120 basis points, and adjusted operating ratio of 64.2%, an increase of 80 basis points. First -quarter 2026 compared to first -quarter 2025 Gross ton miles (GT...
Canadian National Railway press release ( CNI ): Q1 Non-GAAP EPS of $1.80 misses by $0.01 . Revenue of $4.38B (-0.5% Y/Y) misses by $20M . Operating ratio, defined as operating expenses as a percentage of revenues, of 64.6%, an increase of 120 basis points, and adjusted operating ratio of 64.2%, an increase of 80 basis points. First -quarter 2026 compared to first -quarter 2025 Gross ton miles (GTMs) increased 3% to 118,389 (millions). Revenue ton miles (RTMs) increased 3% to 61,834 (millions), a new first quarter record. Through dwell decreased by 4% to 7.5 (entire railroad, hours). Car velocity increased by 6% to 201 (car miles per day). Through network train speed increased by 6% to 18.7 (mph). Record first quarter fuel efficiency of 0.892 (US gallons of locomotive fuel consumed per 1,000 gross ton miles (GTMs)), was 3% more efficient. Train length increased by 2% to 7,873 (feet). GTMs per average number of employees increased 8% to 5,026 (thousands), the best employee productivity in the last five years. Operating expenses per GTM decreased 2% to 2.39 (cents). More on Canadian National Railway Company Canadian National Railway: Don't Play On Railroad Tracks, Own Them Canadian National Railway Company (CNR:CA) Presents at JPMorgan Industrials Conference 2026 Transcript Canadian National Railway Company (CNR:CA) Presents at Citi's Global Industrial Tech & Mobility Conference 2026 Transcript Canadian National Railway Q1 2026 Earnings Preview Canadian National Railway raises dividend by ~3%, announces normal course issuer bid
More on Sofi SoFi Technologies: The Market Is Handing You A $17 Entry On A $4.7 Billion Revenue Machine SoFi: This Fintech Leader Is Ready To Rebound SoFi's Reset Is Testing More Than Valuation Sofi Non-GAAP EPS of $0.12 in-line, revenue of $1.1B beats by $50M SoFi Technologies Q1 preview: Revenue growth, margin expansion in focus
More on Sofi SoFi Technologies: The Market Is Handing You A $17 Entry On A $4.7 Billion Revenue Machine SoFi: This Fintech Leader Is Ready To Rebound SoFi's Reset Is Testing More Than Valuation Sofi Non-GAAP EPS of $0.12 in-line, revenue of $1.1B beats by $50M SoFi Technologies Q1 preview: Revenue growth, margin expansion in focus
(RTTNews) - IDEX Corp. (IEX), a diversified manufacturing company, on Wednesday reported its net income increased in the first quarter of the full year 2026 compared with the previous year.
(RTTNews) - IDEX Corp. (IEX), a diversified manufacturing company, on Wednesday reported its net income increased in the first quarter of the full year 2026 compared with the previous year.
Rise, the fan-created, flown-to-the-moon plush toy that served as the Artemis II crew's zero-g indicator and mascot, is now available as a NASA-approved collectible . Its sales will benefit the agency's employee morale activities. "Perfect for display, gifting or inspiring the next generation of explorers, the Official Rise Plush is a fun addition to any space enthusiast's collection," reads the d...
Rise, the fan-created, flown-to-the-moon plush toy that served as the Artemis II crew's zero-g indicator and mascot, is now available as a NASA-approved collectible . Its sales will benefit the agency's employee morale activities. "Perfect for display, gifting or inspiring the next generation of explorers, the Official Rise Plush is a fun addition to any space enthusiast's collection," reads the doll's description on the NASA Exchange website. Designed by Lucas Ye, a 9-year-old Californian who won NASA and Freelancer.com's "Moon Mascot" online challenge , Rise is a tribute to "earthrise"—the iconic scene first seen in person by the Apollo 8 crew in 1968 and recently witnessed by the Artemis II crew . Rise wears a cap that resembles the Earth rising over the Moon. Read full article Comments
Federal National Mortgage Association press release ( FNMA ): Q1 GAAP EPS of $0.01. Revenue of $7.28B (+2.8% Y/Y) beats by $30M . More on Federal National Mortgage Association Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2025 Update Federal National Mortgage Association (FNMA) Q4 2025 Earnings Call Prepared Remarks Transcript Federal National Mortgage Association 2025 Q4 - Results - E...
Federal National Mortgage Association press release ( FNMA ): Q1 GAAP EPS of $0.01. Revenue of $7.28B (+2.8% Y/Y) beats by $30M . More on Federal National Mortgage Association Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2025 Update Federal National Mortgage Association (FNMA) Q4 2025 Earnings Call Prepared Remarks Transcript Federal National Mortgage Association 2025 Q4 - Results - Earnings Call Presentation Michael Burry pushes back on housing shortage narrative, calls for GSE reform "Stupidly Cheap": Bill Ackman sees 10X potential in Fannie and Freddie amid Middle East conflict
Cosco Shipping Holdings Co. reported a 50% drop in first-quarter profit on weaker freight rates, warning that war in the Middle East has posed “significant challenges” for the industry. Net income fell to 5.9 billion yuan ($863 million) from 11.7 billion yuan a year earlier, according to a filing Wednesday. Revenue dipped 11% to 51.8 billion yuan, with the transpacific route seeing the biggest gro...
Cosco Shipping Holdings Co. reported a 50% drop in first-quarter profit on weaker freight rates, warning that war in the Middle East has posed “significant challenges” for the industry. Net income fell to 5.9 billion yuan ($863 million) from 11.7 billion yuan a year earlier, according to a filing Wednesday. Revenue dipped 11% to 51.8 billion yuan, with the transpacific route seeing the biggest growth decline. “The conflict in the Middle East has posed significant challenges to the safety and stability of global shipping,” China’s biggest container liner said. First-quarter container freight rates averaged 14% lower than a year earlier, Bloomberg Intelligence analysts led by Kenneth Loh wrote in a note prior to earnings. Cosco told investors earlier this month that it remained relatively insulated from the Middle East conflict and that capacity of container shipping routes to the region accounts for a “relatively small proportion” of global total capacity. The liner also resumed new bookings for general cargo containers for shipments to countries including the United Arab Emirates and Saudi Arabia.