Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services business. IBM responded by stressing the resilience, security and integration needs of mission critical enterprise systems that go beyond code translation. At the same time, IBM announced a new partnership with Deepgram to bring advanced voice AI into its Watsonx generative AI pl...
Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services business. IBM responded by stressing the resilience, security and integration needs of mission critical enterprise systems that go beyond code translation. At the same time, IBM announced a new partnership with Deepgram to bring advanced voice AI into its Watsonx generative AI platform for enterprises. For investors watching NYSE:IBM, this news affects a core part of the...
quantic69 UBS on Tuesday set a new end-March 2027 forecast for Brent at $67 per barrel and widened its assumed WTI-Brent spread to $4 from $3. "A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market should bring Brent back into the $60-70/bbl range, in our view," the investment bank said. Crude oil prices have had their best start to a year since 2...
quantic69 UBS on Tuesday set a new end-March 2027 forecast for Brent at $67 per barrel and widened its assumed WTI-Brent spread to $4 from $3. "A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market should bring Brent back into the $60-70/bbl range, in our view," the investment bank said. Crude oil prices have had their best start to a year since 2022, up by 17% so far. "There has been no indication of an oil glut so far, which likely plays an important role. (Additionally), Chinese stockpiling is keeping inventories in other locations low, also supporting prices," Giovanni Staunovo, strategist, UBS Switzerland AG, said in a note. Near term, prices will likely be strongly influenced by the tensions in the Middle East, he said, adding that historically, the geopolitical risk premium on crude prices has tended to fade if there were no supply disruptions. Brent ( CO1:COM ) and WTI futures ( CL1:COM ) eased 0.7% each to $71.01/bbl and $65.84/bbl, respectively, at press time, as traders await news from nuclear talks between the U.S. and Iran. Yet, with crude prices currently at a seven-month high, UBS said three factors are supporting oil prices this year. Cold weather in the U.S. in January temporarily reduced crude output, while disruptions in Russia and Kazakhstan, including drone attacks affecting Russian production and lower exports from the Caspian Pipeline terminal, have also lent support. In addition, Middle East tensions have added a modest risk premium, though exports from the region, including Iran, have so far remained largely unaffected. Still, UBS said it expects a "modest price setback over the coming weeks," barring any escalation of Middle East tensions that disrupts supply. More energy, etc. SPX Skew Steepens To 1Y High As Tariff Uncertainty Rises EIA's Global Oil Market Balance Estimate & Forecast Doesn't Fit Its Own Data Commodities: Oil Softens Ahead Of Further U.S.-Iran Talks, Rising Tariff Uncertain...
Earnings Call Insights: Novanta Inc. (NOVT) Q4 2025 Management View CEO Matthijs Glastra stated that "Novanta posted record revenue in the fourth quarter with 9% reported growth, 2% organic growth and 4% sequential growth. Bookings surged 25% year-over-year and 12% sequentially with a book-to-bill of 1.11." He emphasized, "Every single business delivered double-digit bookings growth and a positive...
Earnings Call Insights: Novanta Inc. (NOVT) Q4 2025 Management View CEO Matthijs Glastra stated that "Novanta posted record revenue in the fourth quarter with 9% reported growth, 2% organic growth and 4% sequential growth. Bookings surged 25% year-over-year and 12% sequentially with a book-to-bill of 1.11." He emphasized, "Every single business delivered double-digit bookings growth and a positive book-to-bill in the same quarter. That's the first time that's happened since 2022." New product revenue grew over 60% for the year and over 80% in the fourth quarter. Glastra highlighted strategic investments in minimally invasive and robotic surgery, AI-driven robotics, digital manufacturing, and precision medicine. He noted, "Our strategic focus is to continue to expand our business mix and technology leadership in medical technologies, medical consumables and embedded software." On acquisitions, Glastra said, "In November, we raised more than $600 million...with nearly $1.5 billion in total acquisition capacity and a proven track record of disciplined value creation, we're actively working multiple opportunities and expect to deploy meaningful capital in 2026." CFO Robert Buckley provided additional detail: "Our fourth quarter 2025 non-GAAP adjusted gross profit was $118 million or 45.5% adjusted gross margin compared to $112 million or 47% adjusted gross margin in the fourth quarter of 2024." Buckley explained, "Prioritizing customer deliveries over transfer timing created higher dual running costs in the quarter with more than a 100 basis point impact to gross margin and a 400 basis point increase to net working capital as a percent of sales." Outlook For 2026, Novanta expects GAAP revenue to be approximately $1,030 million to $1,050 million, representing 4% to 6% organic revenue growth. Buckley stated, "We expect to see sequentially increasing momentum in our quarterly organic growth." Adjusted gross margin for 2026 is projected at approximately 47%, a 100 basis poi...
Earnings Call Insights: Orthofix Medical Inc. (OFIX) Q4 2025 Management View Massimo Calafiore, President and CEO, reported "strong consistent performance in Bone Growth Therapies and U.S. Limb Reconstruction" with double-digit net sales growth in the global Spine Fixation business. He emphasized this momentum led to "our eighth consecutive quarter of adjusted EBITDA growth and a standout quarter ...
Earnings Call Insights: Orthofix Medical Inc. (OFIX) Q4 2025 Management View Massimo Calafiore, President and CEO, reported "strong consistent performance in Bone Growth Therapies and U.S. Limb Reconstruction" with double-digit net sales growth in the global Spine Fixation business. He emphasized this momentum led to "our eighth consecutive quarter of adjusted EBITDA growth and a standout quarter of free cash flow generation." Calafiore highlighted a 10% annual and quarterly net sales growth for Global Spine Fixation and 6% annual, 5% quarterly growth for U.S. Spine Fixation. He said, "With this transition now largely behind us, variable access to important IDN accounts and a strengthened highly aligned distributor network in place, we believe the business is set up well for 2026." The CEO noted enabling technologies, with "7D FLASH navigation continue to be a powerful differentiator," and stated Voyager earnout placement grew 30% in 2025. He announced the "full market release of our VIRATA Spinal Fixation System in the second half of the year," targeting the $2 billion U.S. pedicle screw market. The Orthopedics business was rebranded as Limb Reconstruction, focusing on "limb preservations, limb lengthening, complex fracture management and extremity deformity correction," representing a $2.6 billion opportunity. U.S. Limb Reconstruction grew 8% in Q4 and 16% for the full year, led by TrueLok Elevate and FITBONE product launches. Bone Growth Therapies delivered "accelerating momentum," with 7% Q4 growth. Calafiore stated, "BGT continues to be an important contributor to our overall progress." The company is "recalibrating the time line for our 3-year financial targets" by extending it one year, now aiming for the operational and commercial leverage from channel enhancement to materialize fully by 2028. Julie Andrews, CFO, stated, "Total global net sales in Q4 reached $218.6 million, a 3% increase supported by strong performances in our Bone Growth Therapies and U.S. ...
Chinese drone maker DJI said on Tuesday that it had filed suit challenging the US Federal Communications Commission decision to bar imports of all of its new models and critical components. The ban also includes products from Autel, another China-based drone maker. DJI, the world’s largest drone maker, said in a statement it had challenged the FCC decision in the US Court of Appeals for the 9th...
Chinese drone maker DJI said on Tuesday that it had filed suit challenging the US Federal Communications Commission decision to bar imports of all of its new models and critical components. The ban also includes products from Autel, another China-based drone maker. DJI, the world’s largest drone maker, said in a statement it had challenged the FCC decision in the US Court of Appeals for the 9th Circuit. “It carelessly restricts DJI’s business in the US and summarily denies US customers access...
Wasatch Advisors disclosed a new stake in Everus Construction Group (NYSE:ECG) in its February 12, 2026, SEC filing, acquiring 2,160,337 shares worth $184.84 million. According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Wasatch Advisors established a new position in Everus Construction Group (NYSE:ECG) , acquiring 2,160,337 shares. The quarter-end value of the st...
Wasatch Advisors disclosed a new stake in Everus Construction Group (NYSE:ECG) in its February 12, 2026, SEC filing, acquiring 2,160,337 shares worth $184.84 million. According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Wasatch Advisors established a new position in Everus Construction Group (NYSE:ECG) , acquiring 2,160,337 shares. The quarter-end value of the stake totaled $184.84 million, reflecting both the purchase and stock price shifts during the period. Everus Construction Group, Inc. operates at scale within the engineering and construction industry, with a diversified service offering that spans utility infrastructure, specialty equipment, and maintenance. The company's strategy emphasizes integrated solutions for complex utility and industrial projects, leveraging expertise in both construction and manufacturing. This diversified approach provides a competitive edge in securing long-term contracts and recurring revenue streams from major utility and commercial clients. Continue reading
JHVEPhoto/iStock Editorial via Getty Images Shares of Fidelity National Information Services, Inc. ( FIS ), have been a poor performer over the past year, losing over 30% of their value. Optimism last year over its decision to sell its remaining stake in Worldpay has given way to increasing fear that AI can disrupt financial payment networks, sending shares steadily lower and to a 52-week low. Aft...
JHVEPhoto/iStock Editorial via Getty Images Shares of Fidelity National Information Services, Inc. ( FIS ), have been a poor performer over the past year, losing over 30% of their value. Optimism last year over its decision to sell its remaining stake in Worldpay has given way to increasing fear that AI can disrupt financial payment networks, sending shares steadily lower and to a 52-week low. After being on the sideline, I upgraded FIS to a Buy in November , given potential benefits from bank M&A. This has been a bad call given rising AI fears, and shares are down 25%. With updated financials and such poor performance, now is a good time to revisit Fidelity. Seeking Alpha In the company’s fourth quarter , Fidelity National Information Services earned $1.68, which was a penny below expectations even as revenue beat by $70 million at $2.8 billion. Revenue was up a solid 7.4%, and recurring revenue now accounts for 78% of the business. This provides stability and visibility to the company’s financials, a fact that remains underappreciated in my view. In 2025, FIS announced it was selling its remaining stake in Worldpay and buying the Issuer Solutions business from Global Payments ( GPN ), and I expect this deal to provide ~$1.25 of incremental EPS. On January 9th, FIS closed these transactions, and it is in the process of integrating this new business. SG&A was slightly higher than I expected, driving the miss, and costs associated with these pending transactions can create noise in financials. Overall, I view this as an essentially in-line quarter. Recurring revenue supports Q4 Drilling into segment results, its banking solutions unit grew revenue by 8.3% with a 130 bps tailwind from M&A. Within this, recurring revenue grew an even faster 8.8%. As a result, adjusted EBITDA jumped 12% to $819 million, with margins expanding 130 bps to 43.9%. Consistent with all of 2025, professional services was weak, and the pace of weakening has accelerated, with revenue down 16% fr...
South Bow Corp. is considering an expansion of its pipeline system that may revive a version of the canceled Keystone XL project. Bridger Pipeline LLC filed an application last month with the Montana Department of Environmental Quality to build and operate a 550,000 barrel a day line that would move Canadian crude through Montana to Wyoming. The route would originate near Keystone XL’s planned bor...
South Bow Corp. is considering an expansion of its pipeline system that may revive a version of the canceled Keystone XL project. Bridger Pipeline LLC filed an application last month with the Montana Department of Environmental Quality to build and operate a 550,000 barrel a day line that would move Canadian crude through Montana to Wyoming. The route would originate near Keystone XL’s planned border crossing, raising the prospect that parts of the long-stalled project could be repurposed. Keystone XL was meant to be an expansion of the existing Keystone system, which crosses the US border in North Dakota, and instead has become a political flashpoint since it was originally proposed in 2008. Former US President Joe Biden withdrew a key permit for the project in 2021 after portions had already been built in Canada. South Bow is now evaluating an expansion that would leverage existing infrastructure and permitted corridors in Canada to connect with downstream pipelines in the US, Solomiya Lyaskovska, a South Bow spokesperson, said in an email, responding to questions about the Bridger plan. The concept is in its early stages, and the company will work with prospective customers, stakeholders and rightsholders before sharing further details, she said. South Bow is a spinoff of TC Energy Corp. , which originally proposed Keystone XL. The Bridger project would allow the “stranded steel” of Keystone XL to be converted into a working pipeline system, according to a report from RBN Energy LLC. If tied into that dormant footprint, the combined pipes could create a functional cross-border outlet without the need for Keystone XL’s southern leg, RBN said. Bill Salvin, a spokesperson for Bridger Pipeline, declined to comment on which pipeline or other infrastructure in Canada would link to the company’s proposed project. A project resembling Keystone XL might ease tensions between Canada and President Donald Trump after tariffs imposed early in his term damaged cross-border rel...
French billionaire Bernard Arnault , Europe’s richest man, further tightened his grip on LVMH after he delivered on a promise to boost his holding in the luxury group beyond the 50% mark. Arnault’s family raised its stake in LVMH Moët Hennessy Louis Vuitton SE to 50.01%, up from 49.77% at the end of last year, the company said. It now has 65.94% of the voting rights. “It testifies to the strong co...
French billionaire Bernard Arnault , Europe’s richest man, further tightened his grip on LVMH after he delivered on a promise to boost his holding in the luxury group beyond the 50% mark. Arnault’s family raised its stake in LVMH Moët Hennessy Louis Vuitton SE to 50.01%, up from 49.77% at the end of last year, the company said. It now has 65.94% of the voting rights. “It testifies to the strong confidence of Bernard Arnault and his family in the future of LVMH,” a spokesperson for the family said. The Arnault clan, which routinely buys up the group’s stock, has capitalized on a slump in LVMH shares amid a luxury industry slowdown to accumulate a bigger stake. The stock has erased close to 38% of its value since a record high in April 2023 in line with a post-pandemic demand boom for luxury goods. Just this year, LVMH shares have tumbled about 13%, valuing the Paris-based company at €280 billion ($330 billion). LVMH is still the biggest company by market capitalization on France’s benchmark CAC40 index and the fourth largest on Europe’s Stoxx Europe 600. Arnault, 76, noted during LVMH’s annual results presentation last month that his family’s holding in the conglomerate would surpass 50% this year. LVMH posted a weaker-than-expected performance at its key division which includes Louis Vuitton and Christian Dior in the last three months of last year, sending its shares and those of its rivals lower. Its wines and spirits unit saw its third year of falling sales, hurt in particular by a collapse in demand for Hennessy Cognac. With a net worth of about $185 billion, Arnault ranks 7th on the Bloomberg Billionaires Index , behind six American tech moguls led by Elon Musk . Arnault’s five children are all involved in LVMH operations. Earlier this month, his son Antoine , 48, who oversees image and sustainability at the group, was promoted to the group’s executive committee, joining Arnault’s 50-year-old daughter Delphine , who is the CEO of Christian Dior Couture. Arnault’...
The Centers for Disease Control and Prevention (( CDC)) has assigned Mar. 18–19 as the dates for the next meeting of its vaccine advisors. The decision came after the agency delayed an earlier meeting of the panel following a lawsuit challenging its composition. On Thursday, multiple media outlets reported that the CDC has postponed the meeting of its Advisory Committee on Immunization Practices (...
The Centers for Disease Control and Prevention (( CDC)) has assigned Mar. 18–19 as the dates for the next meeting of its vaccine advisors. The decision came after the agency delayed an earlier meeting of the panel following a lawsuit challenging its composition. On Thursday, multiple media outlets reported that the CDC has postponed the meeting of its Advisory Committee on Immunization Practices (( ACIP )) , which was previously scheduled to take place from Feb. 25 to 27. The decision came after several leading medical groups filed a lawsuit seeking a ruling to bar the CDC from holding the meeting, citing, among other things, HHS Secretary Robert F. Kennedy Jr.’s move to reconstitute the panel with his handpicked members last year. The CDC’s ACIP panel issues non-binding recommendations to the agency regarding who should receive FDA-approved vaccines in the U.S., making their input critical for companies in receiving insurance coverage for their products. Leading vaccine makers: GSK ( GSK ), Sanofi ( SNY ), Pfizer ( PFE ), Moderna ( MRNA ), BioNTech ( BNTX ), Novavax ( NVAX ), Merck ( MRK ), AstraZeneca ( AZN ) More on Pfizer, Merck, etc. Merck: Why Investors Should Remain Bullish Despite Patent Risks Pfizer: A Risky 6.3% Yield For Income-Oriented Investors Q4 Healthcare Dividends: Johnson & Johnson Kept Outshining Pfizer (Rating Upgrades) GSK inks licensing deal worth up to $1B with China’s Frontier Bio Pfizer strikes $495M deal for obesity drug rights in China
Bath & Body Works has launched its first authorized storefront on Amazon's platform. The new storefront brings an official, curated selection of Bath & Body Works products directly to Amazon customers. For investors watching Amazon.com (NasdaqGS:AMZN), this move highlights how the company continues to build out its role as a partner for established consumer brands. Bath & Body Works is a widely re...
Bath & Body Works has launched its first authorized storefront on Amazon's platform. The new storefront brings an official, curated selection of Bath & Body Works products directly to Amazon customers. For investors watching Amazon.com (NasdaqGS:AMZN), this move highlights how the company continues to build out its role as a partner for established consumer brands. Bath & Body Works is a widely recognized retailer of fragrances, body care, and home products, and its presence on Amazon...
If you have $4,000 sitting in your savings account that you accumulated gradually after covering your regular expenses and emergency needs, you may want to reconsider what that money is really doing for you. If it has simply been sitting there untouched, it could be losing value over time due to inflation. A better choice would be to allocate it to today's cryptocurrency leaders, such as XRP (CRYP...
If you have $4,000 sitting in your savings account that you accumulated gradually after covering your regular expenses and emergency needs, you may want to reconsider what that money is really doing for you. If it has simply been sitting there untouched, it could be losing value over time due to inflation. A better choice would be to allocate it to today's cryptocurrency leaders, such as XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) , which are often viewed as leading projects in the digital asset space. However, that choice depends on how each cryptocurrency is positioned to handle the current and future needs of its target users over the next decade or so. Let's dive in. Continue reading
(RTTNews) - Expeditors International of Washington Inc. (EXPD) on Tuesday said its board has authorized a new share repurchase program of up to $3 billion of the company's common stock.
(RTTNews) - Expeditors International of Washington Inc. (EXPD) on Tuesday said its board has authorized a new share repurchase program of up to $3 billion of the company's common stock.
The dollar index (DXY00 ) today is up by +0.23%. The dollar is climbing today on weakness in the yen, which fell to a 2-week low against the dollar. Also, today's better-than-expected US economic news of Dec S&P composite-20 home prices and Feb consumer confidence is supportive of the dollar....
The dollar index (DXY00 ) today is up by +0.23%. The dollar is climbing today on weakness in the yen, which fell to a 2-week low against the dollar. Also, today's better-than-expected US economic news of Dec S&P composite-20 home prices and Feb consumer confidence is supportive of the dollar....
Nikada/iStock Unreleased via Getty Images Apple ( AAPL ) shareholders voted to approve the company’s latest executive pay packages and reject an outside proposal to audit the iPhone maker's China operations, according to preliminary tallies, Bloomberg News reported. The tech giant shared the results on Tuesday during its annual meeting of shareholders, which was held virtually. Apple's CEO Tim Coo...
Nikada/iStock Unreleased via Getty Images Apple ( AAPL ) shareholders voted to approve the company’s latest executive pay packages and reject an outside proposal to audit the iPhone maker's China operations, according to preliminary tallies, Bloomberg News reported. The tech giant shared the results on Tuesday during its annual meeting of shareholders, which was held virtually. Apple's CEO Tim Cook and outgoing General Counsel Kate Adams led the proceedings. Cook provided an overview of the company’s operations. Ahead of the meeting, Apple requested shareholders to approve proposals related to the pay packages and the board and ratify Ernst & Young as its independent auditing firm. The company advised against the audit of China ties, saying it was unnecessary, the report added . Apple did not immediately respond to a request for comment from Seeking Alpha. Cook highlighted Apple’s efforts to make more products in the US. This includes a push to produce Mac mini desktop computers in Houston, which was announced today. "We’re thrilled to begin making this product in the US and shipping to customers later this year,” said Cook. In early January, Apple noted that its pay package for Cook last year came in at about $74M. That was in line with the year prior. One interesting fact about this year’s proceedings is that Arthur Levinson, the company’s non-executive chairman, is staying despite crossing Apple’s usually required retirement age of 75, the report noted. More on Apple Apple: The 2.5 Billion Device Machine Apple Obliterated Tariff Headwinds - The Supreme Court Decision Doesn't Matter Apple: Why I'm Finally Turning Bullish (Rating Upgrade) Apple more confident in Mac Mini Houston plans than Mac Pro Austin; moves to expand U.S. assembly and chip production Nvidia re-enters PC market with AI-powered laptop chips
asbe/iStock via Getty Images Unity Software ( U ) is evaluating options for its China venture, including a possible sale. The 3-D games company is working with an adviser to garner interest in Unity China, according to a Bloomberg report on Tuesday, which cited people familiar with the matter. Unity Software ( U ) is looking for a valuation of more than $1 billion for the China business. Deliberat...
asbe/iStock via Getty Images Unity Software ( U ) is evaluating options for its China venture, including a possible sale. The 3-D games company is working with an adviser to garner interest in Unity China, according to a Bloomberg report on Tuesday, which cited people familiar with the matter. Unity Software ( U ) is looking for a valuation of more than $1 billion for the China business. Deliberations are ongoing, and no deal may come to fruition, according to the report. Unity Software ( U ) declined to comment to Bloomberg. Shares of Unity Software ( U ) have plunged 60% this year after jumping 97% last year. More on Unity Software Inc Unity: A Meltdown Worth Buying - Robust GameDev/AdTech Monetization Prospects Unity: The Market Is Right, This Is Still A Sell Unity Software Inc. (U) Q4 2025 Earnings Call Transcript Unity targets $1B+ annual run rate for Vector by end of 2026 as advertising and AI initiatives accelerate Unity plummets after Q1 revenue outlook falls below expectations
The biggest risk to the U.S. economy right now could actually be a stock market correction, according to Goldman Sachs. The firm's U.S. economist Pierfrancesco Mei is largely sanguine on the U.S. economy in 2026, forecasting it will expand by 2.5% on a year-over-year basis in the fourth quarter. That's largely thanks to a favorable mix of fiscal stimulus, looser monetary policy and easing tariff h...
The biggest risk to the U.S. economy right now could actually be a stock market correction, according to Goldman Sachs. The firm's U.S. economist Pierfrancesco Mei is largely sanguine on the U.S. economy in 2026, forecasting it will expand by 2.5% on a year-over-year basis in the fourth quarter. That's largely thanks to a favorable mix of fiscal stimulus, looser monetary policy and easing tariff headwinds. But he also worries that a sharp drop in equity prices could restrain that expansion. As an example, he wrote that a 10% pullback in the first half of the year could result in a 0.5 percentage point reduction to his GDP forecast, knocking it down to 2.0%. A steeper stock market pullback does even more damage. Another exhibit in Mei's 16-page note out Monday showed a 20% stock drawdown could result in GDP falling short of his baseline estimate by nearly a full percentage point. 'Near-term risk' "Our analysis suggests that a sharp equity correction represents the most significant near-term risk," Mei wrote. The primary risk lies in the damage a correction would inflict on the so-called " wealth effect ," the idea that households that hold a lot of stocks and real estate feel financially secure and willing to spend when the value of those assets rise — even when their incomes lag. In recent years, that has primarily helped higher income households, which are more likely to be invested in stocks that have been on a record-breaking tear since ChatGPT debuted in late 2022. An investor in the S & P 500 over the last three calendar years would be up a cumulative 64%. An investor in Nvidia would have seen their holdings surge by more than 450% over the same period. To be sure, Mei wrote that no single factor would tip the economy into a recession unless it were very large or resulting from multiple risks, such as a stock market selloff in addition to AI-driven job displacement and limited productivity gains. Under that scenario, the Federal Reserve is likely to cut interes...