Backed by the artificial intelligence (AI) boom, Nvidia (NVDA) became the first company to cross the $5 trillion market valuation threshold in October 2025. In the following months, NVDA stock has witnessed some correction and sideways movement. However, shares of the tech giant have still returned 53% in the last 52 weeks. As positive new flows continue for Nvidia, the stock might be poised for a...
Backed by the artificial intelligence (AI) boom, Nvidia (NVDA) became the first company to cross the $5 trillion market valuation threshold in October 2025. In the following months, NVDA stock has witnessed some correction and sideways movement. However, shares of the tech giant have still returned 53% in the last 52 weeks. As positive new flows continue for Nvidia, the stock might be poised for another breakout after consolidation. Last week, Nvidia and Palantir (PLTR) announced a partnership on sovereign AI operating systems. This is an important collaboration, as the sovereign AI architecture will allow enterprises to completely control data, AI models, and applications. The architecture is therefore important for customers with existing GPU infrastructure, latency-sensitive workflows, data sovereignty requirements, and geographical distribution. This can unlock significant revenue potential from governments and multiple industries. The partnership therefore adds to the positive catalysts for NVDA stock for the medium to long term. About Nvidia Stock Headquartered in Santa Clara, California, Nvidia identifies itself as a global leader in AI and accelerated computing. The company’s data center-scale infrastructure and computing platform is used by major cloud service providers, AI model makers, and enterprises for the acceleration of services and offerings. Nvidia has two business segments: Compute & Networking and Graphics. For fiscal 2026, the company reported revenue of $215.9 billion, which was higher by 65% on a year-over-year (YOY) basis. This growth was backed by robust compute demand that’s likely to sustain with growth in agentic AI. It’s worth noting that innovation is the core strength for Nvidia. Since inception, according to the company in a Form 10-K, Nvidia has invested $76.7 billion in research & development. This has given the firm an edge and is likely to ensure steady value creation. Amid all the positives, NVDA stock has remained relatively sid...
by Martin Nancekievill/iStock via Getty Images Higher Oil Prices Meet Higher Inflation Expectations My thesis for this article is based on the idea that risk-free treasury bond rates serve as the gravity on SP500 valuation (or the valuation of other equity indices like NASDAQ , DJI , and RTY ). If you subscribe to this notion, then the obvious next question is how to forecast benchmark treasury bo...
by Martin Nancekievill/iStock via Getty Images Higher Oil Prices Meet Higher Inflation Expectations My thesis for this article is based on the idea that risk-free treasury bond rates serve as the gravity on SP500 valuation (or the valuation of other equity indices like NASDAQ , DJI , and RTY ). If you subscribe to this notion, then the obvious next question is how to forecast benchmark treasury bond rates, say the 10-year treasury bond rates. In the subsequent sections of this article, I will provide a projection based on the method developed by Ben Bernanke (a former Federal Reserve Chairman). In the Bernanke method, the rates on US Treasury bonds are made up of these following three pieces: inflation expectations, real interest rate expectations, and also the so-called term premiums. After examining these pieces with the latest economic data, I suggest investors start preparing for a scenario with much higher 10-year treasury rates and will explain why 6% can be a potential scenario. With the undergoing market conditions, I feel his above method is particularly timely, as these parameters are undergoing substantial changes with the current geopolitical uncertainties. Let me start with the first piece: inflation expectations. These expectations have risen sharply in the past month or so. As an example, the FRED chart provided below illustrates the 5-Year Breakeven Inflation Rate in the past 5 years. For readers unfamiliar with this series, the following tutorial should suffice: The breakeven inflation rate represents a measure of expected inflation derived from 5-Year Treasury Constant Maturity Securities (DGS5) and 5-Year Treasury Inflation-Indexed Constant Maturity Securities (DFII5). The latest value implies what market participants expect inflation to be in the next 5 years, on average. As seen, the expectations reached a temporary bottom in early 2026 at around 2.2% but have trended upward sharply since then. Currently, the expectations stand at 2.61%, reflect...
guvendemir/E+ via Getty Images Three leading defense contractors have secured sizeable multi-year contracts with the Department of War for various missile families since the beginning of 2026, with production expected to grow by a factor of two to five times current levels by the end of the decade, noted Wells Fargo Equity Sector Analyst Lawrence Pfeffer. The analyst noted that these major deals w...
guvendemir/E+ via Getty Images Three leading defense contractors have secured sizeable multi-year contracts with the Department of War for various missile families since the beginning of 2026, with production expected to grow by a factor of two to five times current levels by the end of the decade, noted Wells Fargo Equity Sector Analyst Lawrence Pfeffer. The analyst noted that these major deals were announced before the Iran war, which is likely to drive significant expenditure of interceptor munitions by the U.S., Israel, and Gulf Cooperation Council countries. Pfeffer views the “ongoing strategic takeaway from conflicts in Ukraine and the Middle East as having reinforced the importance of missile defense,” according to the Wells Fargo strategy note. He stated this provides visibility for potential growth beyond recent contract extensions, as well as incremental opportunities for foreign sales. In light of this, below is a list of the top 10 performing aerospace and defense stocks over the past 30 trading days. The list includes companies of various market capitalizations, ranked by their one-month price performance percentage. The list is topped by Karman Holdings Inc. ( KRMN ), with an impressive 37.33% gain and a Strong Buy Quant Rating of 4.68. Elbit Systems Ltd. ( ESLT ) and Firefly Aerospace Inc. ( FLY ) follow closely behind, securing the second and third positions with gains of 29.28% and 23.99%, respectively. Leonardo DRS, Inc. ( DRS ) and Axon Enterprise, Inc. ( AXON ) round out the top five performers with gains of 18.80% and 13.96%. Most stocks in the middle and lower portions of the list, including Intuitive Machines, Inc. ( LUNR ), L3Harris Technologies, Inc. ( LHX ), Rocket Lab Corporation ( RKLB ), Northrop Grumman Corporation ( NOC ), and RTX Corporation ( RTX ), currently hold Hold Quant Ratings. Here is the list: Karman Holdings ( KRMN ), 1 month performance percentage: 37.33% Elbit Systems ( ESLT ), 1 month performance percentage: 29.28% Firefl...
Investing.com -- Amazon CEO Andy Jassy told employees during an internal all-hands meeting that he expects artificial intelligence could help the company's cloud computing unit Amazon Web Services reach $600 billion in annual sales, double his previous estimate, Reuters reported on Tuesday. Jassy said he had previously thought that AWS could reach about $300 billion in annual revenue in roughly 10...
Investing.com -- Amazon CEO Andy Jassy told employees during an internal all-hands meeting that he expects artificial intelligence could help the company's cloud computing unit Amazon Web Services reach $600 billion in annual sales, double his previous estimate, Reuters reported on Tuesday. Jassy said he had previously thought that AWS could reach about $300 billion in annual revenue in roughly 10 years, meaning this most recent estimate represents a double from the prior figure. He added that developments in AI have given AWS a chance to reach at least double that figure. Amazon's net sales increased 12% to $716.9 billion in 2025. AWS segment sales increased 20% year-over-year to $128.7 billion, meaning Jassy's current estimate suggests the unit could grow roughly 5 times over the next 10 years. Amazon has been embracing AI transformation and actively pursuing partnerships. The company recently collaborated with NVIDIA on advanced AI assistants for cars. Separately, AWS and Cerebras formed a collaboration aimed at setting a new standard for AI inference speed and performance in the cloud. Amazon also has a multi-year strategic partnership with ChatGPT maker OpenAI, involving up to $50 billion in investment to accelerate AI innovation. The partnership includes large-scale adoption of Amazon's custom Trainium AI chips by OpenAI. Amazon shares spiked following the report but have since pared back some gains and are currently trading roughly 1% higher. Related articles Amazon CEO reportedly sees AWS reaching $600B in annual sales amid AI This sector is 'poised for a big, beautiful year': Truist Morgan Stanley CIO survey: Why AI hype isn’t boosting 2026 IT budgets
Head coach Arne Slot says he "must have done a lot of things wrong" for Liverpool fans to be "frustrated" at their recent form. Liverpool were booed off on Sunday after conceding a 90th-minute equaliser to Tottenham in a 1-1 draw. Despite winning the Premier League less than 12 months ago, the Reds' style of play and a string of disappointing results have led to discontent among the fanbase. Forme...
Head coach Arne Slot says he "must have done a lot of things wrong" for Liverpool fans to be "frustrated" at their recent form. Liverpool were booed off on Sunday after conceding a 90th-minute equaliser to Tottenham in a 1-1 draw. Despite winning the Premier League less than 12 months ago, the Reds' style of play and a string of disappointing results have led to discontent among the fanbase. Former Liverpool defender Jamie Carragher said it will be "really difficult" for Slot to win back the support of fans. Liverpool are fifth in the league and face Turkish champions Galatasaray in the Champions League at Anfield on Wednesday (20:00 GMT), trailing 1-0 after the first-leg of their last-16 tie. "It's never nice they are frustrated because usually fans are not frustrated after you win," the Dutchman said. "So first of all, you're frustrated yourself and disappointed about the fact that we haven't won," said Slot. "People have told me when I came here that this club is different than other clubs, they will support the manager for such, such, such a long time. "But if you are supposing something, then I must have done a lot of things wrong and that's never a nice feeling to have, because being in the club that's always so supportive for the manager, in good and bad times, then if they are not happy with me, then apparently I've done so many things wrong, and that's never a nice feeling to have." He added: "But I also know how the football industry works. Winning can change a lot. That's what we are trying to achieve tomorrow night. And we're completely ready for that, I can tell you that." Carragher claimed that Liverpool are a team of individuals but Slot disagreed. "I agree with a lot of things Jamie has said throughout this whole season. This particular one, I disagree with him," said Slot, insisting that his players have never given up. "A team that has given up, a team of individuals or a team that does not work together, does not show resilience after our 120th se...
Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Elon Musk is in talks with the Securities and Exchange Commission to settle a lawsuit filed by the regulator last year, accusing the world's richest person of violating securities law in the...
Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Elon Musk is in talks with the Securities and Exchange Commission to settle a lawsuit filed by the regulator last year, accusing the world's richest person of violating securities law in the run up to his Twitter buyout. In a court filing on Tuesday, the SEC revealed that it's "engaged in discussions of a potential resolution that would mean further proceedings might not be necessary" with Musk. The SEC initially filed the suit in January 2025, and the case is proceeding in a federal court in Washington, D.C. A separate class action lawsuit filed by former Twitter investors against Musk is now winding its way through a federal court in San Francisco, with a jury expected to deliberate soon. Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for $44 billion in late 2022 and changed the name to X the following year. Prior to the acquisition, he'd built up a position in the company of greater than 5%, which would've required disclosing his holdings to the public within 10 calendar days of reaching that threshold. He was late to file that disclosure. The SEC said in its complaint that Musk's failure to disclose the stake allowed him to buy shares at "artificially low prices," putting other investors at a disadvantage. Attorneys for Musk and the SEC didn't immediately respond to a request for comment. Musk previously settled civil securities fraud charges brought by the SEC at Tesla . Musk and his auto company each had to pay $20 million in fines, and Musk had to temporarily relinquish his role as chairman of the Tesla board. WATCH: Musk merger complicates SpaceX IPO watch now VIDEO 3:50 03:50 Musk merger complicates SpaceX IPO TechCheck Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Meeting with Samsung’s Lee Jae-yong to Forge an ‘AI Alliance’ Lisa Su, Chief Executive Officer (CEO, photo) of AMD, who is visiting Korea on the 18th, will meet with Lee Jae-yong, Chairman of Samsung Electronics. AMD is a U.S. semiconductor fabless company that competes with Nvidia in the artificial intelligence (AI) accelerator market. While Nvidia is unveiling its latest AI chips at its annual d...
Meeting with Samsung’s Lee Jae-yong to Forge an ‘AI Alliance’ Lisa Su, Chief Executive Officer (CEO, photo) of AMD, who is visiting Korea on the 18th, will meet with Lee Jae-yong, Chairman of Samsung Electronics. AMD is a U.S. semiconductor fabless company that competes with Nvidia in the artificial intelligence (AI) accelerator market. While Nvidia is unveiling its latest AI chips at its annual developer conference “GTC 2026” in the United States, CEO Su of rival AMD is moving to strengthen collaboration with Samsung.According to business circles on the 17th, CEO Su is scheduled to visit Samsung Electronics’ Pyeongtaek campus on the 18th and meet key semiconductor-related executives, including Jun Young-hyun, head of the Device Solutions (DS) Division (Vice Chairman). This is CEO Su’s first visit to Korea since taking office as CEO in 2014. She is expected to tour major Samsung Electronics production lines with top management and then hold a dinner meeting with Chairman Lee.The core agenda of this visit is clearly “strengthening the AI chip partnership.” Since last year, the two companies have been cooperating through the supply of HBM3E for AMD’s latest AI accelerators. In particular, as Samsung Electronics began mass production and shipment last month of HBM4, its 6th-generation product, as a world first to gain an early lead in the market, next-generation memory collaboration is expected to be discussed during this meeting. In the industry, there are also projections that foundry contract manufacturing, which had been limited to certain volumes such as central processing units (CPUs), will be expanded to premium product lines including next-generation AI chips.Recently, Samsung Electronics’ foundry business has delivered a series of positive results with global big tech firms. Last year it secured orders from companies such as Tesla and Qualcomm, and it has also been entrusted with manufacturing Nvidia’s new inference AI chips. A business community official said...
A US congressional committee said on Tuesday it has issued a subpoena to Attorney General Pam Bondi to testify behind closed doors in its probe of the late convicted sex criminal Jeffrey Epstein. Under the subpoena, Bondi would give a sworn deposition to the House of Representatives Oversight Committee on April 14. The Justice Department did not immediately respond to a request for comment. Bo...
A US congressional committee said on Tuesday it has issued a subpoena to Attorney General Pam Bondi to testify behind closed doors in its probe of the late convicted sex criminal Jeffrey Epstein. Under the subpoena, Bondi would give a sworn deposition to the House of Representatives Oversight Committee on April 14. The Justice Department did not immediately respond to a request for comment. Bondi faces accusations that the Justice Department has concealed the names of powerful associates of Epstein in its release of millions of documents related to the late financier, who cultivated close ties to powerful political and business leaders before and after he was convicted in 2008 of soliciting prostitution from a minor. Advertisement Epstein was arrested again in 2019 and died in prison while facing federal sex-trafficking charges. His death was ruled a suicide. Bondi and her deputy, Todd Blanche, are expected to give the committee a separate private briefing on Wednesday. Advertisement Lawmakers have complained that redactions in the Justice Department’s files appear to go beyond the limited exemptions allowed in a law Congress passed nearly unanimously in November. The department has also declined to publish a large volume of material, citing legal privileges.
Kemi Badenoch has called Donald Trump’s repeated criticisms of Keir Starmer “childish”, as the Conservative leader continued her recent moves to distance herself from the US president and his military action against Iran. Speaking shortly before Trump yet again singled out Starmer for condemnation to say the prime minister had not been sufficiently supportive of the US war, Badenoch used a social ...
Kemi Badenoch has called Donald Trump’s repeated criticisms of Keir Starmer “childish”, as the Conservative leader continued her recent moves to distance herself from the US president and his military action against Iran. Speaking shortly before Trump yet again singled out Starmer for condemnation to say the prime minister had not been sufficiently supportive of the US war, Badenoch used a social media video to describe Trump’s actions as counterproductive. Saying she was “Keir Starmer’s biggest critic”, Badenoch said: “But the words coming from the White House are completely wrong. I think it’s actually quite childish. There is a lot that can be said behind closed doors. “We have got President Zelenskyy in our country today. The western alliance having an argument with itself, I think, sends the wrong signal to our opponents, in Iran or in Russia. “We need to be strengthening between the UK and the US, irrespective of who is president and who is prime minister. But I think those words coming from the White House were childish.” Such an open rebuke for Trump is a notable change of stance for Badenoch, who has previously sought to explicitly link her style of leadership to his, praising the president for, she said, having the bravery to take on the liberal elite. When the US and Israel first attacked Iran, Badenoch criticised Starmer for not allowing the US to use UK bases, saying she stood “with our allies in the US and Israel as they take on the threat of the Islamic Republic of Iran and its vile regime”. However, a week ago Badenoch appeared to change stance, denying that she had called for the UK to join in the war. Her evolving view is likely to be shaped in part by polling that has repeatedly shown that the attack on Iran is largely unpopular with British voters, who do not want the UK to become more involved. Badenoch’s remarks followed overnight comments from Trump who criticised Starmer as overreliant on advisers in not immediately committing to sending a mi...
After a subdued week, shares of Oklo (OKLO +2.85%) popped 10% in early Tuesday morning trade as investors braced for the company's earnings coming up at 5 p.m. today. While the nuclear energy stock retreated from those highs as the day progressed, it still traded in the green, up around 3% as of 1:30 p.m. ET Tuesday. Two major announcements just ahead of earnings have provided fresh momentum, and ...
After a subdued week, shares of Oklo (OKLO +2.85%) popped 10% in early Tuesday morning trade as investors braced for the company's earnings coming up at 5 p.m. today. While the nuclear energy stock retreated from those highs as the day progressed, it still traded in the green, up around 3% as of 1:30 p.m. ET Tuesday. Two major announcements just ahead of earnings have provided fresh momentum, and this latest development gives investors a compelling reason to pay close attention to Oklo's upcoming numbers and tune into its earnings conference call. What happened with Oklo stock today? Oklo has gained popularity for its fast-fission nuclear power plants called Aurora, which will produce clean energy that it can eventually sell. Oklo is part of several Department of Energy (DOE) programs. On Tuesday, the DOE approved the Nuclear Safety Design Agreement (NSDA) for Oklo's first reactor at the Idaho National Laboratory (INL) under DOE's reactor pilot program. With this agreement, the Aurora powerhouse enters the next phase of execution, taking Oklo one step closer to deploying its first-ever nuclear power plant. At the same time, the U.S. government is backing efforts to boost national energy security, including the recycling of used nuclear fuel into isotopes that are used for medical research, cancer diagnosis, and other treatments. On Tuesday, the Nuclear Regulatory Commission (NRC) granted Oklo's subsidiary, Atomic Alchemy, its first-ever materials license, officially allowing the company to begin receiving used fuel and processing it into high-value radioisotopes. Expand NYSE : OKLO Oklo Today's Change ( 2.85 %) $ 1.70 Current Price $ 61.39 Key Data Points Market Cap $9.3B Day's Range $ 59.25 - $ 65.88 52wk Range $ 17.42 - $ 193.84 Volume 540K Avg Vol 10M Again, this is a major milestone as fuel recycling could eventually create a major revenue stream for Oklo alongside its power business. Not surprisingly, investor excitement spiked on Tuesday after these announceme...
Key Points Oklo will release its numbers after market close on March 17. Oklo just hit two big milestones, making its upcoming earnings release a must-watch. 10 stocks we like better than Oklo › After a subdued week, shares of Oklo (NYSE: OKLO) popped 10% in early Tuesday morning trade as investors braced for the company's earnings coming up at 5 p.m. today. While the nuclear energy stock retreate...
Key Points Oklo will release its numbers after market close on March 17. Oklo just hit two big milestones, making its upcoming earnings release a must-watch. 10 stocks we like better than Oklo › After a subdued week, shares of Oklo (NYSE: OKLO) popped 10% in early Tuesday morning trade as investors braced for the company's earnings coming up at 5 p.m. today. While the nuclear energy stock retreated from those highs as the day progressed, it still traded in the green, up around 3% as of 1:30 p.m. ET Tuesday. Two major announcements just ahead of earnings have provided fresh momentum, and this latest development gives investors a compelling reason to pay close attention to Oklo's upcoming numbers and tune into its earnings conference call. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What happened with Oklo stock today? Oklo has gained popularity for its fast-fission nuclear power plants called Aurora, which will produce clean energy that it can eventually sell. Oklo is part of several Department of Energy (DOE) programs. On Tuesday, the DOE approved the Nuclear Safety Design Agreement (NSDA) for Oklo's first reactor at the Idaho National Laboratory (INL) under DOE's reactor pilot program. With this agreement, the Aurora powerhouse enters the next phase of execution, taking Oklo one step closer to deploying its first-ever nuclear power plant. At the same time, the U.S. government is backing efforts to boost national energy security, including the recycling of used nuclear fuel into isotopes that are used for medical research, cancer diagnosis, and other treatments. On Tuesday, the Nuclear Regulatory Commission (NRC) granted Oklo's subsidiary, Atomic Alchemy, its first-ever materials license, officially allowing the company to begin receiving used fuel and processing it into high-value radioisotop...
Arizona’s attorney general filed criminal charges against prediction market Kalshi, accusing it of operating a gambling business without a license and offering illegal wagers on elections. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” Attorney General...
Arizona’s attorney general filed criminal charges against prediction market Kalshi, accusing it of operating a gambling business without a license and offering illegal wagers on elections. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” Attorney General Kris Mayes said in a statement on Tuesday. While Arizona’s case is the first time criminal charges have been brought against the company, several other US states have alleged that Kalshi’s markets constitute illegal and unregulated sports betting. Read full article Comments
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities. Not all companies are created equal, and StockStory is here to surface the ones with real upside. That said, here is one cash-producing company that leverages its financial strength to beat its compet...
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities. Not all companies are created equal, and StockStory is here to surface the ones with real upside. That said, here is one cash-producing company that leverages its financial strength to beat its competitors and two best left off your watchlist. Two Stocks to Sell: Coupang (CPNG) Trailing 12-Month Free Cash Flow Margin: 1.5% Founded in 2010 by Harvard Business School student Bom Kim, Coupang (NYSE:CPNG) is an e-commerce giant often referred to as the "Amazon of South Korea". Why Is CPNG Not Exciting? Gross margin of 29.1% is below its competitors, leaving less money to invest in areas like marketing and R&D Lacking free cash flow generation means it has few chances to reinvest for growth, repurchase shares, or distribute capital Coupang’s stock price of $20.44 implies a valuation ratio of 17.5x forward EV/EBITDA. To fully understand why you should be careful with CPNG, check out our full research report (it’s free). Viatris (VTRS) Trailing 12-Month Free Cash Flow Margin: 13.5% Created through the 2020 merger of Mylan and Pfizer's Upjohn division, Viatris (NASDAQ:VTRS) is a healthcare company that develops, manufactures, and distributes branded and generic medicines across more than 165 countries worldwide. Why Do We Think VTRS Will Underperform? Products and services are facing significant end-market challenges during this cycle as sales have declined by 3.7% annually over the last two years Earnings per share fell by 9.8% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable Negative returns on capital show management lost money while trying to expand the business, and its decreasing returns suggest its historical profit centers are aging At $13.46 per share, Viatris trades at 5.5x forward P/E. Dive into our fre...
Hreni/iStock via Getty Images Bicycle Therapeutics ( BCYC ) said it will undergo a reprioritization of some programs as well as lay off ~30% of its workforce to focus on its most promising candidates and extend its cash runway. The company said it will focus its pipeline on BT5528, a potentially first-in-class EphA2 targeting Bicycle Drug Conjugate , as well as its emerging bicycle conjugate pipel...
Hreni/iStock via Getty Images Bicycle Therapeutics ( BCYC ) said it will undergo a reprioritization of some programs as well as lay off ~30% of its workforce to focus on its most promising candidates and extend its cash runway. The company said it will focus its pipeline on BT5528, a potentially first-in-class EphA2 targeting Bicycle Drug Conjugate , as well as its emerging bicycle conjugate pipeline, including radioconjugates. BT5528, also called nuzefatide pevedotin, is currently in a p hase I/II clinical trial as monotherapy and in combination with an immune checkpoint inhibitor, and in phase II trial as monotherapy for metastatic pancreatic ductal adenocarcinoma. Bicycle will de-pririoritize its most-advanced drug conjugate, z elenectide pevedotin (formerly BT8009). That asset targets Nectin-4 expressing tumors. A phase 2 trial was studying zelenectide pevedotin for metastatic urothelial cancer. As a result of the reprioritization and job cuts, the company said annual operating expenses will decline by ~50%. Bicycle added that its cash runway will now last into 2030. More on Bicycle Therapeutics Seeking Alpha’s Quant Rating on Bicycle Therapeutics Historical earnings data for Bicycle Therapeutics Financial information for Bicycle Therapeutics
Investors are demanding higher risk premiums to own the debt of business development companies, reflecting their anxiety around private credit exposure, according to Barclays Plc . A broad-based index of the debt shows spreads climbing 80 basis points to 260 basis points this year, reaching “rarefied territory,” strategists including Corry Short wrote on March 17. Unsecured bonds of BDCs have also...
Investors are demanding higher risk premiums to own the debt of business development companies, reflecting their anxiety around private credit exposure, according to Barclays Plc . A broad-based index of the debt shows spreads climbing 80 basis points to 260 basis points this year, reaching “rarefied territory,” strategists including Corry Short wrote on March 17. Unsecured bonds of BDCs have also “meaningfully” underperformed collateralized loan obligations — an asset class that offers the best point of comparison, according to the bank. “CLOs are reasonable comps for BDCs because both own corporate loan assets financed with debt and equity obtained through the capital markets,” the strategists wrote. “Our view, therefore, is the pricing of those instruments should resemble each other.” But since January, spreads on broadly syndicated loan CLOs have widened about 20 basis points, compared to nearly 75 basis points for unsecured BDC debt. That difference is “justified” due to the lack of collateral or lower-quality assets backing BDCs, the strategists said. They also point out that BDCs have higher exposure to the troubled software sector — 20% on average — compared to about 12% for CLOs. An uptick in redemptions from some BDCs has contributed to wider spreads this year too, they noted. BDCs usually sell shares to retail investors and use that money to buy portfolios of corporate loans issued by small and mid-size companies. The vehicles also raise cash by issuing bonds and other debt to institutional investors. The premium on that debt represents additional interest that investors charge on top of base interest rates. Spreads on BDC unsecureds have surpassed other parts of the investment-grade bond market, as well as some parts of the high-yield market, according to Barclays. The rest of the investment-grade index has widened by just 15 basis points to 92 basis points this year, it said. At the same time, Barclays acknowledges that its analysis doesn’t take into ac...
Shares of Walmart (WMT 0.81%) have delivered excellent returns recently, fueled by the company's successful pivot toward a more profitable, tech-enabled retail model. The retailer's fiscal fourth-quarter report underscored just how well this strategy is taking hold. But a great business and a great stock are two different things. While Walmart is undeniably operating from a position of strength, t...
Shares of Walmart (WMT 0.81%) have delivered excellent returns recently, fueled by the company's successful pivot toward a more profitable, tech-enabled retail model. The retailer's fiscal fourth-quarter report underscored just how well this strategy is taking hold. But a great business and a great stock are two different things. While Walmart is undeniably operating from a position of strength, the expectations baked into the stock price have reached a level that demands near-perfect execution for years to come. For investors trying to decide whether to buy, sell, or hold the stock, the answer lies in evaluating the gap between the company's fundamental performance and its current valuation -- and the gap is big. Momentum in high-margin revenue Walmart's latest earnings report shows why investors have been buying the stock over the last year (it's up more than 40% in 12 months). For the fiscal fourth quarter ended Jan. 31, total revenue climbed 5.6% year over year to $190.7 billion. And, in the U.S. market, comparable-store sales (excluding fuel) advanced a healthy 4.6%. Fueling its strong comparable-store sales growth, U.S. customer transactions were up 2.6%, a clear signal that the retailer is continuing to win actual foot traffic and market share. The real narrative, however, is the structural improvement in Walmart's revenue mix. Digital sales during the quarter skyrocketed 24% year over year and now account for nearly a quarter of the company's total top line. A major catalyst here was store-fulfilled expedited delivery, which jumped 50%. On top of the e-commerce gains, Walmart's high-margin advertising unit expanded by 37% globally. And the membership segment saw fee revenue rise 15.1%. Because digital ads and membership fees carry significantly higher margins than traditional groceries, this evolving mix is supercharging Walmart's bottom line. Constant-currency adjusted operating income jumped 10.5% in the quarter, easily outpacing total sales growth. A meas...
Key Points Walmart's digital and advertising revenue streams are climbing rapidly. The retailer provided a conservative financial forecast for the upcoming fiscal year. Shares trade at a steep valuation assuming near-perfect execution over the next decade. 10 stocks we like better than Walmart › Shares of Walmart (NASDAQ: WMT) have delivered excellent returns recently, fueled by the company's succ...
Key Points Walmart's digital and advertising revenue streams are climbing rapidly. The retailer provided a conservative financial forecast for the upcoming fiscal year. Shares trade at a steep valuation assuming near-perfect execution over the next decade. 10 stocks we like better than Walmart › Shares of Walmart (NASDAQ: WMT) have delivered excellent returns recently, fueled by the company's successful pivot toward a more profitable, tech-enabled retail model. The retailer's fiscal fourth-quarter report underscored just how well this strategy is taking hold. But a great business and a great stock are two different things. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » While Walmart is undeniably operating from a position of strength, the expectations baked into the stock price have reached a level that demands near-perfect execution for years to come. For investors trying to decide whether to buy, sell, or hold the stock, the answer lies in evaluating the gap between the company's fundamental performance and its current valuation -- and the gap is big. Momentum in high-margin revenue Walmart's latest earnings report shows why investors have been buying the stock over the last year (it's up more than 40% in 12 months). For the fiscal fourth quarter ended Jan. 31, total revenue climbed 5.6% year over year to $190.7 billion. And, in the U.S. market, comparable-store sales (excluding fuel) advanced a healthy 4.6%. Fueling its strong comparable-store sales growth, U.S. customer transactions were up 2.6%, a clear signal that the retailer is continuing to win actual foot traffic and market share. The real narrative, however, is the structural improvement in Walmart's revenue mix. Digital sales during the quarter skyrocketed 24% year over year and now account for nearly a quarter of the company's total ...
matdesign24/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of -1.07% (Institutional shares) and -1.10% (Investor A shares, without sales charge) for the fourth quarter of 2025. The largest contributors to relative performance were investment decisions in the health care, financials, and consumer staples sectors. The largest detractors from relative returns were investmen...
matdesign24/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of -1.07% (Institutional shares) and -1.10% (Investor A shares, without sales charge) for the fourth quarter of 2025. The largest contributors to relative performance were investment decisions in the health care, financials, and consumer staples sectors. The largest detractors from relative returns were investment decisions in the communication services, industrials, and real estate sectors. The largest exposures were in the information technology (IT), communication services, and consumer discretionary sectors. During the quarter, the fund increased its allocations to the IT and industrials sectors, and reduced its exposures to the financials and consumer discretionary sectors. Contributors Stock selection in the health care sector, namely in the pharmaceuticals industry, was the largest contributor to relative performance. In the financials sector, selection decisions in the financial services industry proved beneficial. Allocation decisions in the consumer staples distribution & retail industry, within the consumer staples sector, also boosted relative results. Detractors The largest detractor was security selection in the communication services sector, notably in the interactive media & services industry. In the industrials sector, selection decisions in the aerospace & defense industry hindered performance. Another meaningful detractor included stock selection in the real estate sector, namely in the real estate management & development industry. Portfolio management Reid Menge, Sally Du, CFA Top 10 holdings (%) Nvidia Corporation ( NVDA ) 13.90 Microsoft ( MSFT ) 8.74 Amazon.com (AMZN) 8.00 Apple ( AAPL ) 5.83 Meta Platforms Inc ( META ) 5.02 Alphabet ( GOOG ) 4.98 Broadcom Inc ( AVGO ) 4.87 Eli Lilly and Company ( LLY ) 4.52 Tesla Inc ( TSLA ) 3.24 Oracle Corporation ( ORCL ) 3.06 Click to enlarge Investment approach Invests in approximately 25-45 companies that fund managem...