Societe Generale SA and Crédit Mutuel Arkéa have signed a memorandum of understanding for the sale of a key division of Societe Generale Securities Services. Crédit Mutuel Arkéa is taking over the French retail custody business of Societe Generale, the banks said in a statement on Tuesday. Societe Generale had previously explored a €1 billion ($1.2 billion) sale of its entire securities services b...
Societe Generale SA and Crédit Mutuel Arkéa have signed a memorandum of understanding for the sale of a key division of Societe Generale Securities Services. Crédit Mutuel Arkéa is taking over the French retail custody business of Societe Generale, the banks said in a statement on Tuesday. Societe Generale had previously explored a €1 billion ($1.2 billion) sale of its entire securities services business. Under the proposed deal, Crédit Mutuel Arkéa subsidiary ProCapital would become the securities services provider for SG French Retail Network, BoursoBank and Societe Generale Private Banking in France. No value was given for the transaction, which is expected to be completed in 2028. Societe Generale Chief Executive Officer Slawomir Krupa has been working to divest the lender’s less profitable units in order to strengthen its capital buffers.
Oil and gas prices have risen again after Iran carried out attacks on production facilities for the first time since the start of the war with the US and Israel. Brent crude, the international benchmark oil price, climbed 3% to $103.2 (£77.52) a barrel on Tuesday and was up nearly 50% from levels before the war began on 28 February. Wholesale gas prices rose nearly 3% to €52 (£45) a megawatt hour,...
Oil and gas prices have risen again after Iran carried out attacks on production facilities for the first time since the start of the war with the US and Israel. Brent crude, the international benchmark oil price, climbed 3% to $103.2 (£77.52) a barrel on Tuesday and was up nearly 50% from levels before the war began on 28 February. Wholesale gas prices rose nearly 3% to €52 (£45) a megawatt hour, compared with about €30 before the war. For the first time, Iran successfully targeted oil and gas production facilities, rather than just refineries, terminals and storage. The United Arab Emirates said a drone struck the Shah natural gasfield – one of the largest in the world – on Monday and set it on fire. Operations remained suspended on Tuesday while officials assessed the damage. An oilfield in Iraq, Majnoon, and the UAE’s biggest port and oil storage facility, Fujairah, were also hit by Iranian drones and missiles as the war entered its third week. A tanker was hit by an unknown projectile off the port of Fujairah in the Gulf of Oman. The attack caused a fire in the port, a vital export terminal where oil loading by the state company Adnoc has been halted. When operating normally, Fujairah is the outlet for more than 1m barrels of oil a day. The disruptions threaten to completely cut off the UAE’s remaining crude export outlet from global markets as the Middle East crisis deepens. Daily crude oil output from the UAE, the third biggest producer within the Opec cartel, has more than halved since the conflict started. The UAE’s other export hubs are located within the Gulf, which has in effect been cut off from the world by Iran’s stranglehold of the strait of Hormuz, a narrow waterway between Iran and Oman through which a fifth of the world’s oil shipments and a fifth of gas supplies pass in normal times. Gulf Arab states, including the UAE, have faced more than 2,000 missile and drone attacks since the start of the US-Israeli war on Iran, targeting US diplomatic miss...
Key Points The S&P 500 is having a strong year in 2025, but investors who own the Vanguard Growth ETF are doing even better. This exchange-traded fund invests aggressively in some of America's largest growth stocks, which typically outperform the rest of the market. The Vanguard Growth ETF is likely to beat the S&P 500 again in 2026 because of its unique investing strategy. 10 stocks we like bette...
Key Points The S&P 500 is having a strong year in 2025, but investors who own the Vanguard Growth ETF are doing even better. This exchange-traded fund invests aggressively in some of America's largest growth stocks, which typically outperform the rest of the market. The Vanguard Growth ETF is likely to beat the S&P 500 again in 2026 because of its unique investing strategy. 10 stocks we like better than Vanguard Index Funds - Vanguard Growth ETF › The S&P 500 (SNPINDEX: ^GSPC) is having a strong year with a gain of 16.1% so far, which is much higher than its average annual return of 10.5% since it was established in 1957. However, had investors bought the Vanguard Growth ETF (NYSEMKT: VUG) at the start of this year instead, they would be sitting on a much better return of 19.2%. This exchange-traded fund (ETF) has actually outperformed the S&P 500 every year since its inception in 2004, mainly because it invests more aggressively in the stocks that typically deliver the highest returns. Names like Nvidia (NASDAQ: NVDA), Microsoft, and Amazon are just a few examples. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here's why I think those stocks will drive the Vanguard Growth ETF to another market-beating return in 2026. High exposure to the leaders of the artificial intelligence race The Vanguard Growth ETF tracks the CRSP U.S. Large Cap Growth index, which invests in the top 85% of American companies in the CRSP U.S. Total Market index by value. In other words, if we ranked all 3,498 stocks in the Total Market index in order of their size, the CRSP U.S. Large Cap Growth index would start at the top and invest in every company on the list until it captured 85% of their combined value. Here's the interesting part: The Vanguard Growth ETF holds just 160 stocks. That's right, the top 160 listed American companies account for 85% of the entire value of all 3,498 companies in the Total...
Getty Images Shares of Salesforce, Inc. ( CRM ) have seen a modest rebound after the company announced a huge share buyback program and announced a historically large bond offering to pay for this. News about this can be interpreted as positive or negative, depending on your view about if, how much, and how fast AI might disrupt the business model. Management feels confident about the current pros...
Getty Images Shares of Salesforce, Inc. ( CRM ) have seen a modest rebound after the company announced a huge share buyback program and announced a historically large bond offering to pay for this. News about this can be interpreted as positive or negative, depending on your view about if, how much, and how fast AI might disrupt the business model. Management feels confident about the current prospects and valuations given its actions. Shares have seen a modest 10% recovery from the lows, still cut nearly in half from the peak in 2024. Other, higher conviction ideas can be found at Value In Corporate Events . A Huge Buyback Program After announcing the intention to buy back a huge amount of shares early in March, Salesforce.com announced that it has priced $25 billion in senior notes, with net proceeds used to pursue an accelerated share repurchase agreement. SEC filings indicate a wide range of maturities being issued, with coupons seen ranging between 4.5% and 6.7%, with maturities ranging between 2028 and 2066, with average coupons seen around 5%, or just above. The company immediately took delivery of some 103 million shares, with this initial delivery representing roughly 80% of total shares anticipated to be repurchased. If that is correct and shares continue to trade at current levels, that suggests nearly 129 million shares to be repurchased. This suggests that average prices are seen around $194 per share based on a $25 billion buyback program. Putting Things Into Perspective The huge buyback program came just after Salesforce.com reported its fiscal 2026 results. Full-year revenues of $41.5 billion were up 10% in reported dollar terms, aided by a point tailwind from currencies, with organic growth reported at 8% if we strip out the revenue contribution from the acquired Informatica business. The company reported adjusted operating profits of around 34% and GAAP operating margins of around 20%, both of these up around a percent over the year before. In term...
Oracle’s first quarter saw strong momentum, with revenue and non-GAAP profit both outpacing analyst expectations. Management attributed the outperformance to accelerating adoption of its AI-powered cloud infrastructure and multicloud database services, which are driving demand across traditional and new workloads. CEO Mike Cecilia emphasized the benefit of embedding advanced AI capabilities direct...
Oracle’s first quarter saw strong momentum, with revenue and non-GAAP profit both outpacing analyst expectations. Management attributed the outperformance to accelerating adoption of its AI-powered cloud infrastructure and multicloud database services, which are driving demand across traditional and new workloads. CEO Mike Cecilia emphasized the benefit of embedding advanced AI capabilities directly into Oracle’s application suite, enabling faster customer value realization. The company also highlighted significant enterprise wins and over 2,000 customer go-lives, reflecting broad-based market traction across industries. Is now the time to buy ORCL? Find out in our full research report (it’s free). Oracle (ORCL) Q1 CY2026 Highlights: Revenue: $17.19 billion vs analyst estimates of $16.93 billion (21.7% year-on-year growth, 1.5% beat) Adjusted EPS: $1.79 vs analyst estimates of $1.69 (5.7% beat) Adjusted Operating Income: $7.38 billion vs analyst estimates of $7.20 billion (42.9% margin, 2.4% beat) Revenue Guidance for Q2 CY2026 is $19.08 billion at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2026 is $1.98 at the midpoint, above analyst estimates of $1.92 Operating Margin: 31.8%, in line with the same quarter last year Billings: $17.13 billion at quarter end, up 25.3% year on year Market Capitalization: $448.6 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Our Top 5 Analyst Questions From Oracle’s Q1 Earnings Call
Key Points Hedge fund billionaires Israel Englander and David Tepper sold Nvidia and bought Micron in the fourth quarter, but Wall Street now sees Nvidia as the more attractive stock. Nvidia is the market leader in AI accelerators and networking equipment, and the stock looks cheap compared to Wall Street's forward earnings estimates. Micron reported triple-digit earnings growth in the first quart...
Key Points Hedge fund billionaires Israel Englander and David Tepper sold Nvidia and bought Micron in the fourth quarter, but Wall Street now sees Nvidia as the more attractive stock. Nvidia is the market leader in AI accelerators and networking equipment, and the stock looks cheap compared to Wall Street's forward earnings estimates. Micron reported triple-digit earnings growth in the first quarter, but that growth was driven by price increases made possible by a severe supply shortage. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU) design data center infrastructure critical to artificial intelligence, which has made both stocks popular with investors. But billionaires Israel Englander and David Tepper sold Nvidia and bought Micron in the fourth quarter. Englander and Tepper run hedge funds that beat the S&P 500 (SNPINDEX: ^GSPC) by more than 30 percentage points in the last three years, which makes them excellent sources of inspiration. But investors should think twice before swapping Nvidia for Micron. 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 » Micron shares have added 50% while Nvidia shares have fallen 3% since the fourth quarter ended in December, and Wall Street now views Nvidia as the more attractive stock. Among 69 analysts, Nvidia has a median target price of $265 per share. That implies 47% upside from its current share price of $180. Among 49 analysts, Micron has a median target price of $450 per share. That implies 6% upside from its current share price of $426. Here's what investors should know about Nvidia and Micron. The Micron and Nvidia logos arranged side-by-side on colored backgrounds. Image source: The Motley Fool. Nvidia: The stock Englander and Tepper sold in the fourth quarter Nvidia develops graphics processing units (G...
Some companies quietly build powerful businesses while the market focuses somewhere else. The three stocks below stand out to me because they combine growth, durable business models, and real long-term opportunity. Each of these tickers operates in a different industry, but all three share two things in common: They are considered tech stocks, and they look undervalued compared to the scale of wha...
Some companies quietly build powerful businesses while the market focuses somewhere else. The three stocks below stand out to me because they combine growth, durable business models, and real long-term opportunity. Each of these tickers operates in a different industry, but all three share two things in common: They are considered tech stocks, and they look undervalued compared to the scale of what they're building. 1. Clearwater Analytics Clearwater Analytics (CWAN +1.14%) provides a cloud-native platform for investment management covering accounting, reporting, compliance, and risk across more than $10 trillion in client assets. In fourth-quarter 2025, revenue surged 72% to $217.5 million. Annual recurring revenue (ARR) hit $841 million, up 77%. The growth engine for this ticker is artificial intelligence (AI). In November 2025, Clearwater launched CWAN GenAI, which automates reconciliation, portfolio analysis, and reporting with over 800 AI agents. Clients report 90% less manual work and 80% faster reporting cycles. In January 2026, Clearwater embedded agentic AI into its Beacon risk platform, enabling model validation in hours instead of weeks. Expand NYSE : CWAN Clearwater Analytics Today's Change ( 1.14 %) $ 0.27 Current Price $ 23.43 Key Data Points Market Cap $6.9B Day's Range $ 23.25 - $ 23.45 52wk Range $ 15.73 - $ 27.76 Volume 101K Avg Vol 13M Gross Margin 67.29 % Earlier this month, Tensile Capital sold about 160,000 shares of Clearwater Analytics worth roughly $3.2 million, slightly reducing its position but still keeping the stock as a significant part of its portfolio. I'm not worried about the sale as it doesn't look like a negative signal. Tensile only trimmed part of its position, and the stock is already tied to a pending acquisition, which limits how much it can move anyway. Clearwater is currently the target of an $8.4 billion buyout effort that would pay shareholders $24.55 per share, slightly above the current trading price. This buyout is a g...
0317 ｜Dolphin Research Focus 🐬 Stocks 1.$NVIDIA(NVDA.US) NVIDIA's GTC 2026 kicked off, with founder and CEO Jensen Huang delivering the keynote. He unveiled the next-gen Vera Rubin architecture and a Vera Rubin Space Module purpose-built for in-orbit data centers, claiming 25x performance vs. H100. NVIDIA also announced a partnership with Groq to develop new LPU chips. Huang said combined orders f...
0317 ｜Dolphin Research Focus 🐬 Stocks 1.$NVIDIA(NVDA.US) NVIDIA's GTC 2026 kicked off, with founder and CEO Jensen Huang delivering the keynote. He unveiled the next-gen Vera Rubin architecture and a Vera Rubin Space Module purpose-built for in-orbit data centers, claiming 25x performance vs. H100. NVIDIA also announced a partnership with Groq to develop new LPU chips. Huang said combined orders for Blackwell and Rubin through 2027 are expected to surpass $1 trillion, broadly in line with the Street, and the stock reaction last night was muted. Dolphin Research has compiled the key takeaways and views: '英伟达 GTC：AI 界春晚，满心期待、扫兴而归？' and '英伟达（GTC 纪要）：LPU 解构 AI 推理，算力工厂向太空进发' (cf. links). 2.$Alibaba(BABA.US) $BABA-W(09988.HK) Alibaba formally set up the Alibaba Token Hub (ATH) biz. unit, led directly by CEO Eddie Wu. ATH will integrate core assets including the Tongyi Qianwen LLM, MaaS, AI agents, and DingTalk enterprise AI, centered on the creation, delivery, and application of Token to unify AI R&D and commercialization. The move sharpens Alibaba's AI To B competitiveness and accelerates commercialization of the Tongyi LLM. 3.$Apple(AAPL.US) Apple launched the next-gen AirPods Max 2 featuring the H2 chip, with ANC 1.5x better than the first gen. New features include Adaptive Audio, Conversation Awareness, and real-time translation, plus a USB‑C port and support for lossless audio, priced at RMB 3,999. The product fills out Apple's high-end audio lineup, strengthens ecosystem moats, and should lift accessories GPM. 4.$Meta Platforms(META.US) Meta said it will invest $27 bn to procure Nebius compute capacity to train its next-gen multimodal LLMs. This signals that, beyond its in-house clusters, the company is starting to scale up usage of third-party AI cloud infrastructure. Separately, Meta is reportedly weighing headcount cuts of 20% or more to offset the heavy AI infra spend. 5.$AMD(AMD.US) AMD and Celestica announced a strategic partnership to launch the open-architec...
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Dmitry Vinogradov Stock index futures were lower on Tuesday as the Federal Reserve kicked off its two-day policy meeting, with traders widely expecting the central bank to keep interest rates unchanged when it announces its decision Wednesday. S&P 500 futures ( SPX ) slipped 0.39%, Nasdaq 100 futures ( US100:IND ) fell 0.36%, and Dow Jones Industrial Average futures ( INDU ) edged down 0.24%. The ...
Dmitry Vinogradov Stock index futures were lower on Tuesday as the Federal Reserve kicked off its two-day policy meeting, with traders widely expecting the central bank to keep interest rates unchanged when it announces its decision Wednesday. S&P 500 futures ( SPX ) slipped 0.39%, Nasdaq 100 futures ( US100:IND ) fell 0.36%, and Dow Jones Industrial Average futures ( INDU ) edged down 0.24%. The Pending Home Sales Index is set for release later today. Treasury yields ticked higher across the curve as investors positioned ahead of the Fed’s monetary policy announcement. The 10-year Treasury yield ( US10Y ) rose 1.4 basis points to 4.24%, while the 2-year yield ( US2Y ) edged up 0.2 basis points to 3.69%. The 30-year yield ( US30Y ) climbed 1.2 basis points to 4.88%. Top S&P 500 gainers in premarket trading included Uber Technologies ( UBER ) +2.89%, International Flavors & Fragrances ( IFF ) +2.65%, and Builders FirstSource ( BLDR ) +2.29%. Decliners included Accenture ( ACN ) -1.68%, Emerson Electric ( EMR ) -1.57%, and Warner Bros. Discovery ( WBD ) -1.44%. More on markets U.S.-Iran War: Hidden Risks For Semiconductors Time Is Running Out Since 1941, This Is How The Stock Market Has Behaved In Times Of War And Oil Shocks AI came up on over 65% of S&P 500 Q4 earnings calls S&P weighs rule change that could speed SpaceX entry into S&P 500 after IPO
AMD CEO Lisa Su is scheduled to visit Samsung Electronics' production line in Korea and meet senior semiconductor division officials, industry sources said Tuesday.According to the sources, Su plans to visit Samsung Electronics' chip production complex in Pyeongtaek, Gyeonggi, on Wednesday for a meeting with co-CEO Jun Young-hyun, who oversees the chip division, and Han Jin-man, head of Samsung's ...
AMD CEO Lisa Su is scheduled to visit Samsung Electronics' production line in Korea and meet senior semiconductor division officials, industry sources said Tuesday.According to the sources, Su plans to visit Samsung Electronics' chip production complex in Pyeongtaek, Gyeonggi, on Wednesday for a meeting with co-CEO Jun Young-hyun, who oversees the chip division, and Han Jin-man, head of Samsung's foundry business.Su's scheduled visit will mark her first trip to Korea since taking the position in 2014.Industry watchers said the two companies are expected to discuss cooperation in the foundry segment, expanding ties beyond memory chips.Since 2025, Samsung Electronics has been supplying HBM3E to AMD's latest AI solutions, maintaining a close business relationship.The discussions may include measures to utilize Samsung Electronics' production capacity for AMD's next-generation AI chips.Samsung Electronics may gain momentum for its foundry business should it successfully secure AMD as a new client, potentially improving profitability in the sector, which is largely dominated by Taiwan Semiconductor Manufacturing.Su may also met with Samsung Electronics Executive Chairman Lee Jae-yong, according to the sources.Yonhap
EFG Asset Management Americas Corp. trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,763 shares of the software giant's stock after selling 2,954 shares during the quarter. Microsoft accounts for approximately ...
EFG Asset Management Americas Corp. trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,763 shares of the software giant's stock after selling 2,954 shares during the quarter. Microsoft accounts for approximately 4.9% of EFG Asset Management Americas Corp.'s portfolio, making the stock its largest holding. EFG Asset Management Americas Corp.'s holdings in Microsoft were worth $28,364,000 at the end of the most recent quarter. A number of other hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC boosted its holdings in Microsoft by 79.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 75,380 shares of the software giant's stock valued at $39,043,000 after purchasing an additional 33,330 shares in the last quarter. Ehrenkranz Partners L.P. purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $388,000. BlueSpruce Investments LP lifted its holdings in shares of Microsoft by 14.2% in the 3rd quarter. BlueSpruce Investments LP now owns 1,531,978 shares of the software giant's stock valued at $793,488,000 after buying an additional 190,131 shares during the period. Bollard Group LLC boosted its stake in shares of Microsoft by 2.4% in the third quarter. Bollard Group LLC now owns 322,656 shares of the software giant's stock valued at $167,120,000 after buying an additional 7,577 shares in the last quarter. Finally, Brick & Kyle Associates grew its holdings in Microsoft by 1.3% during the third quarter. Brick & Kyle Associates now owns 28,236 shares of the software giant's stock worth $14,625,000 after acquiring an additional 354 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock. Get Microsoft alerts: Sign Up Wall Street Anal...