Winnebago (WGO) delivered earnings and revenue surprises of +7.14% and +5.18%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Winnebago (WGO) delivered earnings and revenue surprises of +7.14% and +5.18%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
querbeet/iStock via Getty Images By Carsten Brzeski, Global Head of Macro Germany’s long-awaited cyclical upswing took a hit in March, as the war in the Middle East has blasted away optimism. This is at least what the just-released Ifo index is telling us. Coming from the highest level since last summer, Germany’s most prominent leading indicator took a severe hit as the war in the Middle East, so...
querbeet/iStock via Getty Images By Carsten Brzeski, Global Head of Macro Germany’s long-awaited cyclical upswing took a hit in March, as the war in the Middle East has blasted away optimism. This is at least what the just-released Ifo index is telling us. Coming from the highest level since last summer, Germany’s most prominent leading indicator took a severe hit as the war in the Middle East, soaring energy prices, and new uncertainty dented previous optimism. The headline reading came in at 86.4, from 88.4 in February. While the current assessment component remained unchanged, expectations took the worst hit since the Russian invasion in Ukraine, dropping to 86.0 from 90.2 in February. Soaring energy prices are clear risk to outlook but fiscal stimulus story still holds (for now) The war in the Middle East has changed a lot, but not everything. The surge in energy prices could dampen any industrial rebound, even if German corporates appear relatively shielded from oil price risks for now. The effects would nonetheless leave broader marks, at least in the short term. A first inflation wave is already in the making, from higher gasoline prices to knock-on effects on transportation and food. And longer-term implications on supply chains can no longer be excluded. Gas reserves are currently at their lowest level at this time of the year in five years, which could bring a cost push for corporates and households next winter. Let’s not forget that the so-called energy-intensive industries account for some 17% of industrial gross value added and employ just under one million people. in Germany. Still, this is not (yet) 2022, when surging energy prices – amplified by fiscal stimulus during the pandemic – first fuelled an inflation wave and then a wage-price spiral. That said, it would be premature to drift into outright pessimism. Let’s not forget that the fundamental drivers of Germany’s economic rebound this year are still there: fiscal stimulus of more than €200bn for ...
Barclays Plc is scaling back its asset-based lending to smaller borrowers, according to people with knowledge of the matter, after the collapses of Market Financial Solutions Ltd. and Tricolor Holdings left the firm facing losses. The British bank is shifting its focus to loans and securitizations for larger corporates, said the people, who asked not to be identified discussing private information...
Barclays Plc is scaling back its asset-based lending to smaller borrowers, according to people with knowledge of the matter, after the collapses of Market Financial Solutions Ltd. and Tricolor Holdings left the firm facing losses. The British bank is shifting its focus to loans and securitizations for larger corporates, said the people, who asked not to be identified discussing private information. The bank has already pulled back from a number of deals and increased pricing to reflect higher perceived risks, one of the people said. A representative for Barclays declined to comment. The downfall of UK property lender MFS and US subprime auto company Tricolor have put a spotlight on lending to non-bank entities that fall outside of regulatory purview. Much of this lending is private, without input from ratings firms, and can be backed by various income-generating assets, such as credit cards, auto loans or mortgages. Banks often provide credit lines known as warehouse facilities to these nonbanks to fund their lending products, which are then packaged into asset-backed securities and sold to bond investors. Read More: Failed Lender MFS Exposes Regulatory Blind Spot in UK Mortgages Barclays reported it had £160.6 billion ($215 billion) of exposure to securitized assets as an originator or sponsor of such deals at the end of 2025, a slight decrease from the year prior, according to a financial filing . That includes loans to corporates and residential mortgages, among other assets. To be sure, Barclays frequently reworks lending portfolios to mitigate risk, and can adjust terms or collateral accordingly, one of the people said. Barclays could reverse course in the future if the risk profile changes, the person said. Banks have scaled up relationships to specialist lenders in recent years as a way of accessing high yields while staying within the stringent regulations put in place after the 2008 financial crisis. These often entail taking on the senior tranche of a secu...