Elanco Animal Health CEO Jeff Simmons discusses global supply chains, the current protein 'craze,' and the robust outlook for US farmers. He talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)
Elanco Animal Health CEO Jeff Simmons discusses global supply chains, the current protein 'craze,' and the robust outlook for US farmers. He talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Tushar Yadava, BlackRock Head of Markets for Model Portfolio Solutions, Dan Egan, Betterment VP of Behavioral Finance and Investing, Joel Schneider, Dimensional Fund Advisors' Deputy Head of Portfolio Management for North America, ...
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Tushar Yadava, BlackRock Head of Markets for Model Portfolio Solutions, Dan Egan, Betterment VP of Behavioral Finance and Investing, Joel Schneider, Dimensional Fund Advisors' Deputy Head of Portfolio Management for North America, and Brittany Christensen, Tidal Financial Group Senior Vice President Head of Business Development. (Source: Bloomberg)
Dejan Sarec/iStock via Getty Images Shares of Manhattan Associates, Inc. ( MANH ) have come under great pressure. While the company is a technology leader in supply chain and omnichannel ecommerce, investors treat it as the next software platform to be disrupted by the emergence of AI. Management claims that its line of business is considerably more complex to be disrupted, and while the outcome o...
Dejan Sarec/iStock via Getty Images Shares of Manhattan Associates, Inc. ( MANH ) have come under great pressure. While the company is a technology leader in supply chain and omnichannel ecommerce, investors treat it as the next software platform to be disrupted by the emergence of AI. Management claims that its line of business is considerably more complex to be disrupted, and while the outcome of the debate is clearly ongoing, I have reservations about the stock in either case. From a peak of just over $300 late in 2024, shares have been more than cut in half to $137 per share, with shares trading back to levels first seen in 2021, when the company rode the post-pandemic ride higher. Given the substantial fall in the share price, the board decided to up its share buyback program significantly, as we have seen similar action by other management teams, for instance, in the case of Salesforce.com ( CRM ). Other, higher conviction ideas, including growth plays in software segments, can be found at Value In Corporate Events . Upping The Buyback Program The board of directors of Manhattan Associates upped its share buyback program from $100 million to $500 million in the first week of March. While little has been said about the timing and pricing of such buybacks, the reality is that it, of course, sends a signal. With a current market value of just over $8 billion, the program is equivalent to about 6%-7% of the prevailing market valuation, making this a sizable buyback program. The news is actually noteworthy, with the company announcing a week earlier that long-term CFO Dennis Story was set to retire after two decades of tenure as CFO, during which the market value has increased about 50 times. With such a track record, investors certainly regret the departure of Mr. Story at such an important point. The Results Late in January, Manhattan Associates reported a near 4% increase in full-year sales to $1.08 billion. Cloud subscriptions rose by 21% to $408 million, now m...
Tim Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While the tech giant's CEO has given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware...
Tim Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While the tech giant's CEO has given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple’s revenue. At 50, Ternus is also younger than many of the company’s other senior leaders, meaning he could be in the top job longer. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
The S&P 500 (SNPINDEX:^GSPC) rose 1.15% to 6,581.00 and the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.38% to 21,946.76. The Dow Jones Industrial Average (DJINDICES:^DJI) gained 1.38% to 46,208.47 as oil prices plunged following Iran conflict de‑escalation signals.. Market movers Industrials, financials, and travel companies erased some of their recent losses as oil prices fell. Norwegian Crui...
The S&P 500 (SNPINDEX:^GSPC) rose 1.15% to 6,581.00 and the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.38% to 21,946.76. The Dow Jones Industrial Average (DJINDICES:^DJI) gained 1.38% to 46,208.47 as oil prices plunged following Iran conflict de‑escalation signals.. Market movers Industrials, financials, and travel companies erased some of their recent losses as oil prices fell. Norwegian Cruise Line (NYSE:NCLH) soared 6.17% to finish at $20.12. American Airlines (NASDAQ:AAL) and Delta Air Lines (NYSE:DAL) also posted gains. Fair Isaac Corporation (NYSE:FICO) slid more than 5%. This could have been due to increased competition or news of a politician’s call for a pricing probe. AI bellwether, Nvidia (NASDAQ:NVDA), gained on broader sector strength. What this means for investors Today saw another volatile, headline-driven day of trading as investors weighed signs of de-escalation in the Iran war. Brent crude fell about 11% to finish below $100 a barrel, powering indexes higher. The conflict is now in its fourth week, and President Trump’s comments this morning fueled cautious hope that a prolonged conflict could be avoided. The bounce comes amid growing concerns about rising costs. The full impact of the spike in energy prices has yet to be seen. However, inflation may well increase, dashing investor hopes for multiple rate cuts from the Federal Reserve this year. For investors, the recent volatility highlights the importance of diversification. Portfolios with exposure to a mix of industries, including defensive sectors, tend to fare better during market downturns. Should you buy stock in S&P 500 Index right now? Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and S&P 500 Index wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2...
Getty Images I've seen this move before. This time, however, I don't see a happy ending like the one on April 9, 2025. As I'm writing, markets are treating President Trump's 5-day delay on strikes against Iranian energy infrastructure as another familiar backoff trade. The market tape below suggests strong signs of early complacency, especially given the fact that consumer discretionary is outrunn...
Getty Images I've seen this move before. This time, however, I don't see a happy ending like the one on April 9, 2025. As I'm writing, markets are treating President Trump's 5-day delay on strikes against Iranian energy infrastructure as another familiar backoff trade. The market tape below suggests strong signs of early complacency, especially given the fact that consumer discretionary is outrunning any other sector today and oil is down double digits. Guidance Terminal Call me crazy, but the last time I checked, the transit through the Strait of Hormuz was still halted, except two Indian-flagged LPG tankers on March 23, which didn't surprise me at all after the talks between Iran and India over the past weeks. In fact, Israeli strikes continued after Trump's postponement and, even more concerning to me, Iran has denied direct talks with Washington. This time, delays lead to more damage, as each day Hormuz is closed, about 20% of the oil and gas supply in the world is blocked. What does it mean? Well, it means that I'm not buying the dip. Not yet. I need to see a confirmation from both sides that they are moving toward diplomatic talks. Yes, markets are going to rally after such an announcement, even with the Strait of Hormuz closed. However, I prefer to pay that premium rather than risking further downside ahead. To be clear, as I noted in my last coverage, any dip that I buy will be with a short term timeframe in mind. Beyond the headlines in the Middle East, I think the oil supply will take months to resume to pre-war levels after the Strait is reopened. Therefore, the March/April/May headline CPI reports could move the SPY back to the 6,100 level. Bottom line: I'm staying on the sidelines with a decent amount of cash as dry powder. What's Clear So Far As I'm writing this piece minutes after the market opened on March 23, I think it's important to differentiate what has been confirmed and what hasn't, given the market reaction below: Guidance Terminal | 1D retur...
Good morning . Trump walks back his Hormuz ultimatum. Toyota plows $1 billion into two US plants. And Thailand hotels are slashing prices as the war hampers travel. Listen to the day’s top stories . Market Snapshot S&P 500 6,581.00 +1.1% Brent Futures $100.21 -11% WTI Futures $88.13 -10% Market data as of 05:19 PM ET. Data is subject to provider delays. Donald Trump backed off his threat to destro...
Good morning . Trump walks back his Hormuz ultimatum. Toyota plows $1 billion into two US plants. And Thailand hotels are slashing prices as the war hampers travel. Listen to the day’s top stories . Market Snapshot S&P 500 6,581.00 +1.1% Brent Futures $100.21 -11% WTI Futures $88.13 -10% Market data as of 05:19 PM ET. Data is subject to provider delays. Donald Trump backed off his threat to destroy Iran’s power infrastructure if the Islamic Republic didn’t reopen the Strait of Hormuz after US allies and Gulf countries were said to have privately warned the president of the dangers of following through with his threat. The commander-in-chief is now offering the Islamic Republic a five-day reprieve , pointing to new talks he believes would result in a deal to resolve the conflict. There’s just one snag: Both sides disagreed whether any discussions were held prior to Trump’s announcement. Pakistan is positioning itself as the lead mediator between the warring parties, the Financial Times reported. Trump’s decision, which was said to be aimed in part at calming markets, had the desired effect, sending stocks and Treasuries higher on the signs of possible de-escalation. Oil, on the other hand, posted one of the biggest intraday swings on record. Even so, US Energy Secretary Chris Wright downplayed the war’s impact on energy markets, saying prices haven’t risen enough to trigger “meaningful demand destruction.” Modi Seeks to Calm India as Iran War Causes Gas Shortage Read more As Beijing loosens its control over capital inflows, China is planning to increase the amount of money that approved investors can channel into overseas assets. The move should help domestic institutions better meet their cross-border investment needs. Japan’s largest labor group said workers secured an average pay increase above 5% for a third straight year, an outcome that may keep the central bank on track for another interest-rate hike in coming months. Wage growth that outpaces inflation is cri...
地盤全面禁煙｜業界指對地盤負責人懲罰較重 孫玉菡冀提高承建商禁煙動力 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】因應宏福苑大火，政府建議修例要求地盤全面禁煙，目標9月前實施。勞工及福利局局長孫玉菡期望修例提高...
地盤全面禁煙｜業界指對地盤負責人懲罰較重 孫玉菡冀提高承建商禁煙動力 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】因應宏福苑大火，政府建議修例要求地盤全面禁煙，目標9月前實施。勞工及福利局局長孫玉菡期望修例提高承建商確保地盤禁煙的動力，業界正與當局商討執行細節。 勞工處向立法會提交文件，建議將建築地盤列為法定禁煙區，違者定額罰款3,000元，承建商最高可罰款40萬。勞福局局長孫玉菡期望修例能令承建商出一分力確保地盤禁煙。孫玉菡：「整個地盤都是煙頭，即使當刻沒有工人吸煙，我們覺得你沒有做足所有措施，可以提告的。不只是煙頭的，如出入口有否放下煙的東西， 有否大海報張貼指不准吸煙，如果安裝鏡頭更好。希望做到不只靠政府執法。」 建造業界表示大致贊成地盤全面禁煙，但在執行細節上仍在與政府商討。香港建造商會會長廖聖鵬：「僱主或地盤負責人的責任，懲罰得比較重，我們都有些意見。第三、地盤僱主負責人已經做了足夠措施，而工人違法吸煙，我們可以如何盡責的守則？」 勞福局預計年中將建議提交立法會，9月前實施。
When the late Japanese prime minister Shinzo Abe gave his landmark speech in the Indian parliament in August 2007 referring to the “confluence of the two seas” , he gave birth to the concept of the Indo-Pacific as a strategic space connecting East and South Asia. But the latest conflict in the Middle East illustrates how South Asia’s interconnectedness increasingly lies to its west. Some of these ...
When the late Japanese prime minister Shinzo Abe gave his landmark speech in the Indian parliament in August 2007 referring to the “confluence of the two seas” , he gave birth to the concept of the Indo-Pacific as a strategic space connecting East and South Asia. But the latest conflict in the Middle East illustrates how South Asia’s interconnectedness increasingly lies to its west. Some of these connections are deeply rooted in history: South Asia is home to the world’s largest Muslim population and the Middle East is the birthplace of Islam. Other connections are more recent, such as South Asia’s heavy dependence on energy imports and remittances from the Gulf. About 10 million Indians live and work in the region, accounting for close to 40 per cent of the country’s remittance inflows. For other South Asian countries, this interdependency is even starker. As much as half of Nepal’s remittances come from the Middle East, which is significant when over a quarter of the country’s gross domestic product comes from remittances. Advertisement The dependency is even more notable in the energy space. All South Asian countries are heavily dependent on commodities transiting the Strait of Hormuz . For India, that’s over 80 per cent of its liquefied petroleum gas (LPG) imports, 55 per cent of its liquefied natural gas (LNG) imports, half of its oil imports and almost a quarter of its fertiliser imports before the conflict started. These economic and cultural connections are being supplemented by a broader strategic and security interconnectedness. This is reflected in Pakistan’s strategic mutual defence agreement with Saudi Arabia last year and membership of the US-led “Board of Peace” earlier this year. Advertisement
The Innovation Showcase is back at Transform 2026: The Orchestration of Enterprise Agentic AI at Scale , taking place July 14 and 15 in Menlo Park. This year, we are moving beyond generative AI to autonomous agents, focusing on enterprise agentic orchestration, LLM observability and evaluation (LLMOps), RAG infrastructure, inference platforms and optimization, and agentic AI security and identity....
The Innovation Showcase is back at Transform 2026: The Orchestration of Enterprise Agentic AI at Scale , taking place July 14 and 15 in Menlo Park. This year, we are moving beyond generative AI to autonomous agents, focusing on enterprise agentic orchestration, LLM observability and evaluation (LLMOps), RAG infrastructure, inference platforms and optimization, and agentic AI security and identity. We’re on the hunt for the 10 most innovative autonomous agent technologies poised to redefine the enterprise. If you have built agents that can reason, plan and execute complex workflows independently to drive real business value, we want to see you on our main stage . Innovators chosen to present at VB Transform 2026 will have the opportunity to share their tech to an audience of hundreds of AI industry decision-makers. You’ll receive direct, live feedback from a curated panel of enterprise tech thought leaders. Beyond the stage, every presenter receives exclusive editorial coverage from VentureBeat, positioning your agentic AI technology in front of our millions of monthly readers. Who should apply? We are looking for dynamic companies with compelling agentic AI technologies that are ready for prime time. Whether you are building specialized autonomous agents to support workers or the orchestration layers that manage AI agents, we want to hear your story. We will select up to 10 candidates across two tracks: up to five seed to early-stage Series A (raised $50M or less) and up to five Series B or later startups, or units within mature, large companies (raised/allocated more than $50M). If you have a product that delivers tangible enterprise results and a vision for the future of autonomous work, don't miss this opportunity. Application deadline: June 1, 2026, at 5 p.m. PT. Submit here Read about last year’s winner: Solo.io
One of the big themes emerging in the early stages of 2026 is rising fears about the state of private credit markets, with Blue Owl Capital (OBDC +1.75%) ranking as one of the epicenters of that angst. This is an admittedly condensed version of what took place and what's roiling private credit investors: Blue Owl Capital is essentially a business development company (BDC), meaning it's a non-bank ...
One of the big themes emerging in the early stages of 2026 is rising fears about the state of private credit markets, with Blue Owl Capital (OBDC +1.75%) ranking as one of the epicenters of that angst. This is an admittedly condensed version of what took place and what's roiling private credit investors: Blue Owl Capital is essentially a business development company (BDC), meaning it's a non-bank lender. Last month, the company announced a permanent halt to redemptions at one of its funds geared toward retail investors, pledging to compensate those stakeholders with capital from asset sales and loan payments. That's a very simplified version of what happened, but the takeaways are much more straightforward. Investors, even some pros, are spooked about private credit at the moment. Second, risk-tolerant market participants may find value in BDCs. Enter the VanEck BDC Income ETF (BIZD +1.73%). For the bold, BIZD may be a value play Understanding why the BIZD ETF, the second-highest yielder in the VanEck suite, is down by more than 12% so far this year is easy. Investors are skittish about this asset class. Blue Owl Capital is the fund's second-largest holding, with a 8.4% weight, and as lost more than 38% in stock price in 2026. But there are some gray areas to consider. Private credit default rates hit new highs last year. Still, the bulk of those disasters are confined to small issuers, while larger issuers have significantly longer odds of default. That might not be enough comfort for income investors to flock to BDCs or the VanEck ETF, but if you're more tolerant of risk, the cost of admission is low. BDCs are trading at their steepest discounts to book value since the asset class started recovering from a slump caused by the coronavirus pandemic. Expand NYSEMKT : BIZD VanEck ETF Trust - VanEck Bdc Income ETF Today's Change ( 1.73 %) $ 0.22 Current Price $ 12.92 Key Data Points Day's Range $ 12.63 - $ 13.01 52wk Range $ 12.40 - $ 17.11 Volume 4.3M To be precise, t...
Grocery Outlet (GO +11.05%) has had its struggles lately, but you wouldn't know that from its stock's performance on Monday. Investors eagerly snapped up shares of the food retailer to send them to a more than 11% gain that trading session. The main catalyst in the rally was a chunky insider stock buy. A major insider move In a regulatory filing, Grocery Outlet divulged that its CEO and chairman, ...
Grocery Outlet (GO +11.05%) has had its struggles lately, but you wouldn't know that from its stock's performance on Monday. Investors eagerly snapped up shares of the food retailer to send them to a more than 11% gain that trading session. The main catalyst in the rally was a chunky insider stock buy. A major insider move In a regulatory filing, Grocery Outlet divulged that its CEO and chairman, Jason Potter, purchased 286,097 shares of the company's common stock last Thursday, March 19. The price was $5.90 per share, for a total outlay of just under $1.7 million. The buy-in more than doubled his stake; it now stands at 574,366 shares. Potter's move comes less than three weeks after Grocery Outlet published an earnings report that disappointed investors. Although its fiscal fourth quarter of 2025 saw the retailer grow net sales by almost 11% year-over-year (to $1.22 billion), much of that rise had to do with an extra week in that quarter compared to the year-ago period. Comparable sales, a closely watched metric in the retail world, seemed more revealing. They fell by nearly 1% in the reported quarter. Meanwhile, despite a 29% rise in net income not under generally accepted accounting principles (GAAP) to $18.7 million, that line item came in under the consensus analyst estimate. Expand NASDAQ : GO Grocery Outlet Today's Change ( 11.05 %) $ 0.64 Current Price $ 6.43 Key Data Points Market Cap $568M Day's Range $ 6.00 - $ 6.46 52wk Range $ 5.66 - $ 19.41 Volume 193K Avg Vol 3.3M Gross Margin 30.27 % Strong buy... according to the CEO Potter's bold move sent a strong enough signal to the market that he believes in the company's future. It also served as a reminder that those quarterly results weren't as disastrous as the market's initial reaction might have suggested. Still, with a "business optimization plan" in place that includes 36 store closures, this doesn't feel like a company about to bounce into glorious success. I feel it's best to wait for signs of progres...
A flight attendant on the Air Canada Express plane that crashed into a fire truck at New York’s LaGuardia Airport Sunday was found alive on the tarmac after being ejected meters away — and still attached to her seat. “It’s nothing short of a miracle,” Sarah Lepine, the daughter of the flight attendant Solange Tremblay, told Montreal-based news outlet TVA Nouvelles . Lepine said that her mother was...
A flight attendant on the Air Canada Express plane that crashed into a fire truck at New York’s LaGuardia Airport Sunday was found alive on the tarmac after being ejected meters away — and still attached to her seat. “It’s nothing short of a miracle,” Sarah Lepine, the daughter of the flight attendant Solange Tremblay, told Montreal-based news outlet TVA Nouvelles . Lepine said that her mother was the lead flight attendant on the aircraft, placing her in close proximity to the pilots’ cabin that was torn apart in the accident. Both aviators died. Read More: ‘I Messed Up’: Harrowing Final Moments in LaGuardia Crash Lepine said she spoke to her mother Monday morning, who recounted being ejected “more than a hundred meters from the plane.” “She was still strapped to her seat” when reached by first responders, Lepine told TVA. Tremblay broke her leg in several places and will need surgery, but she is “in good spirits,” Lepine said. “I’m still trying to figure out how all this happened,” she said. “She really had a guardian angel watching over her.”
Key findings for Astera Labs Inc. (NASDAQ: ALAB) Weak Near-Term Sentiment Could Precede Shifts in Mid and Long-Term Outlook No clear price positioning signal identified. Elevated downside risk as no additional long-term support signals remain. Signals: 123.87 · 127.19 · 179.25 · 238.99 (bold = current price) · 127.19 · 179.25 · 238.99 Positive Sentiment is prevailing thus far — See current SIGNALS...
Key findings for Astera Labs Inc. (NASDAQ: ALAB) Weak Near-Term Sentiment Could Precede Shifts in Mid and Long-Term Outlook No clear price positioning signal identified. Elevated downside risk as no additional long-term support signals remain. Signals: 123.87 · 127.19 · 179.25 · 238.99 (bold = current price) · 127.19 · 179.25 · 238.99 Positive Sentiment is prevailing thus far — See current SIGNALS for positioning and risk parameters. Institutional Trading Strategies Our AI models have generated three distinct trading strategies tailored to different risk profiles and holding periods. Each strategy incorporates sophisticated risk management parameters designed to optimize position sizing and minimize drawdown risk. Position Trading Strategy LONG Entry Zone $127.19 Target $137.37 Stop Loss $127.56 Momentum Breakout Strategy BREAKOUT Trigger $127.19 Target $129.51 Stop Loss $126.83 Risk Hedging Strategy SHORT Entry Zone $127.19 Target $120.83 Stop Loss $127.57
Ben Stokes says the past three months have been "the hardest period" of his England captaincy, and backed the current regime to take the team forward. The 34-year-old posted an open letter to fans on social media after it was announced that he, head coach Brendon McCullum and England team managing director Rob Key would remain in their posts despite a 4-1 Ashes defeat over the winter. England's Te...
Ben Stokes says the past three months have been "the hardest period" of his England captaincy, and backed the current regime to take the team forward. The 34-year-old posted an open letter to fans on social media after it was announced that he, head coach Brendon McCullum and England team managing director Rob Key would remain in their posts despite a 4-1 Ashes defeat over the winter. England's Test tour of Australia was blighted by poor planning, substandard performances and off-the-field issues including concerns over alcohol consumption. Despite this, the England and Wales Cricket Board (ECB) resisted changing personnel after a review of the tour. Earlier on Monday, Key said there was "no bust-up" between Stokes and McCullum during the Ashes despite the pair offering conflicting messages during the series. Stokes subsequently said, in a post with a picture of himself, Key and McCullum, the existing England leadership group have the necessary "passion and desire" as he looked to the future. "Being England captain is the greatest honour a player can be given and I do not take it for granted," Stokes wrote. "It has its highs and it has its lows, it makes you want to smile it makes you want to cry. It completely and utterly consumes you and feels like it's the only thing in your life at times. "The last three months has without a doubt been the hardest period of my captaincy journey, it's tested me in so many different ways and I'm sure every other captain has gone through this as well. "Baz [McCullum], Rob [Key] and myself have the passion and desire to take this team forward, we are going to give you everything we have, we know we made mistakes along the way and we have learnt from those mistakes, you learn more from failure than success." Stokes has not played since he sustained a groin problem in the fifth Ashes Test in Sydney in January. He is expected to play for Durham in the County Championship early next month before attention switches to England's summer Te...
We Are/DigitalVision via Getty Images Intro I've been bullish on Match Group, Inc. ( MTCH ) for quite some time. My initial article on the company, which owns the world’s No. 1 dating app, Tinder, was published last July. I also reiterated my positive view in November following the release of their FY2025 Q3 results . In my opinion, Match has made great progress recently. While Tinder is still dea...
We Are/DigitalVision via Getty Images Intro I've been bullish on Match Group, Inc. ( MTCH ) for quite some time. My initial article on the company, which owns the world’s No. 1 dating app, Tinder, was published last July. I also reiterated my positive view in November following the release of their FY2025 Q3 results . In my opinion, Match has made great progress recently. While Tinder is still dealing with a modest decline in users, group‑level revenue — driven by growth at their other popular dating app, Hinge — has shifted from a period of contraction to modest growth. The company’s financial position is strong, and it continues to generate robust cash flow. The Price to Free Cash Flow (P/FCF) ratio stands at around 7 at the time of writing, with roughly $1 billion in excess cash sitting on the balance sheet. Nevertheless, the stock price has not reflected these improvements. Both of my prior Buy ratings were issued when the stock was trading around $33 per share, slightly above the current price of about $31. In fact, Match’s stock began trending higher back in July of last year, showing an encouraging upward move shortly after the publication of my first analysis on the company. The rally lasted a couple of months, with shares climbing close to the $40 level. However, the stock reversed course after news emerged at the end of September that Meta’s ( META ) Facebook Dating had refreshed its offering with a set of new, compelling, and free features. Match 1-Year Chart (Seeking Alpha) Last August, I also wrote a neutral piece on another dating industry leader, Bumble Inc. ( BMBL ). I was impressed by the founder and CEO’s journey as the youngest female self-made billionaire, who had recently returned as CEO after a year and a half away from the company’s daily operations. While I recognized BMBL’s strong profitability and substantial free cash flow, I was nonetheless concerned about the pace of revenue decline and the drop in active paying users. So, I chose to ste...
"We do think there's relief in sight," Julian Emanuel, Evercore ISI equity, derivatives and quantitative strategy senior managing director, says when asked about yields amid the rise in oil prices on "Bloomberg The Close." (Source: Bloomberg)
"We do think there's relief in sight," Julian Emanuel, Evercore ISI equity, derivatives and quantitative strategy senior managing director, says when asked about yields amid the rise in oil prices on "Bloomberg The Close." (Source: Bloomberg)
The dollar index (DXY00) fell to a 1.5-week low on Monday and finished down by -0.65%. The dollar gave up overnight gains and turned lower as stocks rallied sharply after President Trump postponed attacks against Iranian energy infrastructure and power plants for five days following the start of talks with Iran to end the war, curbing liquidity demand for the dollar. The dollar added to its losses...
The dollar index (DXY00) fell to a 1.5-week low on Monday and finished down by -0.65%. The dollar gave up overnight gains and turned lower as stocks rallied sharply after President Trump postponed attacks against Iranian energy infrastructure and power plants for five days following the start of talks with Iran to end the war, curbing liquidity demand for the dollar. The dollar added to its losses on Monday amid weaker-than-expected US economic news, including the Feb Chicago Fed National Activity index and Jan construction spending. The US Feb Chicago Fed National Activity Index fell -0.31 to -0.11, weaker than expectations of 0.16. Join 200K+ Subscribers: US Jan construction spending unexpectedly fell -0.3% m/m, weaker than expectations of a +0.1% m/m increase. Swaps markets are discounting the odds at 8% for a +25 bp rate hike at the April 28-29 FOMC meeting. The dollar continues to be undercut by a poor outlook for interest rate differentials, with the FOMC expected to cut interest rates by at least -25 bp in 2026, while the BOJ and ECB are expected to raise rates by at least +25 bp in 2026. EUR/USD (^EURUSD) on Monday recovered from overnight losses and rallied to a 1.5-week high and finished up by +0.44%. The euro moved higher on Monday as the dollar tumbled after President Trump postponed strikes on Iranian energy infrastructure, citing "very good" talks to end the war. The euro added to its gains today after crude oil prices plunged more than -10%, a positive factor for the Eurozone economy, as Europe imports most of its energy needs. Gains in the euro were limited after the Eurozone Mar consumer confidence index fell more than expected to a nearly 2.5-year low. ECB Governing Council member Peter Kazimir said, "The ECB can do little about the inflation spike in the next few months, but if we judge that the risk of inflation remaining above our target for a prolonged period is significant, we will act with appropriate forcefulness to bring inflation back down...