Lemon_tm/iStock via Getty Images Introduction to the State Street SPDR S&P MIDCAP 400 ETF Trust The State Street SPDR S&P MIDCAP 400 ETF Trust ( MDY ), which is backed by State Street Corporation, has amassed total assets under management of $25 billion since its inception in April 1995. MDY pays dividends four times in a year, annualizing to a little over 1% at the current price. It has an expense ratio of 0.23% What Does MDY Do? MDY, which has been around for over three decades now at the time of writing, is considered to be the oldest US mid-cap ETF in this industry, and it fulfills its objective by mirroring the performance of The S&P MidCap 400® Index [SM4I], which is managed by the index provider S&P Dow Jones Indices LLC. Just like how the S&P 500 is supposed to represent the 500 largest companies within the US, SM4I is designed to represent 400 mid-sized companies that have cleared certain profitability (prospective stocks should have delivered positive reported earnings over the most recent quarter, as well as the aggregate of the four more recent quarters), liquidity (at least 250K worth of shares of the stock should have been exchanged in each of the most recent 6 months before evaluation, as well as an annual dollar value traded to float adjusted market-cap ratio of 0.75x and above, and market-cap (unadjusted market-capitalization range of $8-$22.7 billion, with a float adjusted market-cap that amounts to at least 50% of the unadjusted range) thresholds. Investors should also note that the holdings of SM4I don’t overlap with that of the S&P 500 or the S&P SmallCap 600 Index, for that matter. MDY’s goal of mirroring SM4I is fulfilled by its trustee (as part of the 0.23% expense ratio that MDY charges investors, note that 0.1% consists of fees that go to its trustee), the Bank of New York Mellon Corporation ( BK ), which purchases all the same 400 stocks from the index, weighing them in the same proportion (the trustee also makes changes to the portfolio a...

Key PointsEucalyptus will add $450 million in annual revenue growing at a triple digit rate to Hims & Hers.

Earnings Call Insights: Deere & Company (DE) Q1 2026 Management View Christopher Seibert, Manager of Investor Communications, reported that "John Deere completed the first quarter with a 5.9% operating margin for the equipment operations." Seibert highlighted that "all business segments delivered higher net sales year-over-year with both small ag and turf and Construction & Forestry top line growing by over 20%." He added, "our results for the quarter exceeded our forecast, driven by shipping volumes that were ahead of our initial plan." Seibert stated, "over the course of the quarter, we saw continued strengthening of our order books across several product lines, most notably in small ag and turf as well as construction." Seibert noted, "the developments over the course of the past 3 months have strengthened our belief that 2026 marks the bottom of the current cycle as we project mid-single-digit net sales growth for the equipment operations this fiscal year." Joshua Jepsen, Chief Financial Officer, commented, "the first quarter demonstrated great execution from our teams. All business segments operated efficiently and delivered results ahead of plan." Jepsen also noted, "over the quarter, we returned nearly $750 million in cash to shareholders through dividends and share repurchases." Ryan Campbell, President of Worldwide Construction, Forestry & Power Systems, announced, "we are excited to announce our new Deere designed 20-ton class excavators at the upcoming CONEXPO show in Las Vegas... this is the first step of what will be a multiyear launch plan for a complete line of excavators." Campbell addressed the digital strategy, stating, "yesterday, we completed the acquisition of Tenna... Tenna provides a leading technology platform that automates contractor workflows, gives near real-time insights into equipment operations and maintenance and enhances visibility, planning and coordination to boost productivity and cut costs." Outlook For fiscal year 2026, Seibert ...

Both the Dow Jones Industrial Average and the S&P 500 seem likely to finish today lower than yesterday, but there's little doubt that Wheels Up Experience (NYSE: UP) stock will lose altitude. The private jet company reported fourth-quarter 2025 financial results today before the bell rang, and investors are clearly unhappy with the results, sending Wheels Up stock lower. As of 2:20 p.m. ET, shares of Wheels Up are down 11.7%. Image source: Getty Images. Continue reading

Earnings Call Insights: Western Midstream Partners, LP (WES) Q4 2025 Management View Oscar Brown, President, CEO & Director, stated that 2025 was defined by "record adjusted EBITDA and free cash flow generation, primarily driven by throughput growth across all products and from the Delaware and DJ Basins while focusing on cost competitiveness to support our long-term growth plans." He highlighted the Aris acquisition in late 2025, which "further enhanced our asset base by expanding our produced water solutions capabilities and establishing a more substantial presence in New Mexico." Brown acknowledged increased volatility entering 2026, citing that "many of our producers will reduce previously expected activity levels on acreage that we service, including portions of the Delaware Basin." He explained that this, combined with changes in contract mix and lower commodity prices, is expected to lead to "more moderate rates of growth for overall throughput and adjusted EBITDA in 2026 relative to our initial expectations." The CEO confirmed a reduction in the 2026 capital expenditure program, stating, "from at least $1.1 billion in prior communications to $925 million at the midpoint of our updated guidance range." Kristen Shults, Senior VP & CFO, reported, "During the fourth quarter, we generated net income attributable to limited partners of $187 million and adjusted EBITDA of $636 million." Shults stated, "Our operation and maintenance expense increased by $40 million or 19% sequentially, which was primarily driven by the inclusion of 2.5 months of Aris." Outlook Management expects 2026 adjusted EBITDA to range between $2.5 billion and $2.7 billion, "implying a midpoint of $2.6 billion, which represents growth of approximately 5% year-over-year at the midpoint" (Shults). Capital expenditures for 2026 are now expected to be between $850 million and $1 billion, "implying a midpoint of $925 million, which is significantly less than our previous estimate from the third qua...

sankai/iStock via Getty Images By Christopher Gannatti, CFA Sometimes markets behave in ways that don't make sense, as investors get carried away with a particular idea. This dynamic appears evident in early 2026 when looking at the share price performance of certain cybersecurity stocks. To understand the current picture, it's important to place two concepts in mind: 1. Artificial intelligence (AI) software continues to increase in capability. Collectively, we saw the virality of what is now referenced as OpenClaw 1 in contextualizing what an agentic AI future could really look like - and this is simply the most recent example. Enterprises have finite technology budgets. If AI can do more, firms may require less of their ‘other software' solutions. Put another way, sometimes it's postulated that employees can just ‘vibe code' customized software solutions to suit company needs 2 . 2. It is also true that nearly every time I am seeing OpenClaw mentioned, I am seeing or hearing references to potential cybersecurity issues 3 . It makes sense, in that if this software is taking actions and has access to important systems without being directed in every instance, it's possible that the user may not agree with all of those actions. There is no guarantee that important private data would not be shared or mishandled. The implication : If OpenClaw represents an important window into our potential agentic AI future, proper cybersecurity practices will only become more important for both companies and individuals. The Market Performance Picture The WisdomTree Cybersecurity Fund ( WCBR ) is a strategy that focuses on a specific group of cybersecurity providers 4 . Before progressing further, instead of just saying ‘cybersecurity', which can mean many things, let's zoom in on the specific types of cybersecurity these companies must focus on to have the potential for inclusion in this strategy 5 : Cloud Security – Enterprise cloud migration is accelerating, making security found...

Key PointsThe auto parts supplier is seeing a trend of growth in same-store sales.

原油期貨價格繼上日升超過百分之4後，再升近百分之2。 紐約期油收市報66.43美元一桶，升1.24美元，升幅百分之1.9。倫敦期油收市報71.66美元一桶，升1.31美元，升幅百分之1.8。 美國總統特朗普表明，將於未來10天內決定會否攻擊伊朗；作為產油國的伊朗被攻擊，原油供應將受影響，刺激油價升勢持續。紐約期油本周以來漲幅已升超過半成，今年以來升幅更接近一成六。

格隆汇2月20日｜特朗普：计划在必要时利用冗长辩论来推动“拯救美国法案”在美国国会获得通过。

Most veteran investors can attest that, although they're also often a complete bust, every now and then a biopharma stock dishes out a windfall gain. That's what the analyst community seems to expect from Viking Therapeutics (NASDAQ: VKTX) in the foreseeable future. The stock's current consensus price target of $92.94 is more than 200% above the ticker's present price, while one analyst -- BTIG's Justin Zelin -- says this stock's worth $125. That's more than 300% above its current value. The question is, what do so many stock-picking pros see in this extremely unprofitable pharmaceutical start-up? Continue reading

格隆汇2月20日｜美国参议院少数党领袖舒默选择弗吉尼亚州民主党州长斯潘伯格下周就特朗普的国情咨文发表回应。

Klaus Vedfelt/DigitalVision via Getty Images Introduction As an analyst, I usually start my articles by going over the most recent quarterly results. This time I won't be going over the Q4 2025 results. Why? Effective March 2, Armada Hoffler Properties ( AHH ) will be rebranded to 'AH Realty Trust'. This will be a pretty meaningful repositioning of the REIT and we have to dive into the details to see whether this strategic evolution makes a lot of sense (or not). I will focus on the projected 2026 operational performance and implications of the decisions that have been made. Let me explain what happened and what it means for investors. From complexity to clarity: A more focused and predictable REIT According to management, the renaming and rebranding of 'Armada Hoffler Properties' to 'AH Realty Trust' aligns with the company's evolution as a firm. In the latest Q4 2025 conference call , management said the following: Q4 2025 conference call As you can see, management is planning to simplify its business model by divesting its multifamily portfolio and selling its construction management business as well as their real estate financing business. I already wrote about AHH's new management's focus on simplifying and deleveraging the company Management is planning to use the sale-proceeds to pay down debt, redeploy capital towards retail assets and (perhaps) buy back shares. Q4 2025 conference call There is a lot of demand for these assets/business segments that management is currently in the process of selling. It is important to understand that most of this is happening at cap rates around + 5%. We are under an LOI for 11 of our 14 multifamily assets with a global real estate investment and management firm following a disciplined and targeted marketing process that began months ago, drawing strong interest from multiple credible parties... … Despite the high quality of our assets, public market valuations do not reflect the underlying private market value of the portfo...

财联社2月20日讯（编辑 赵昊） 明尼阿波利斯联储主席尼尔·卡什卡利（Neel Kashkari）表示，凯文·哈西特（Kevin Hassett）针对纽约联储研究的批评，损害了美联储的独立性。 周四（2月19日），卡什卡利在接受采访时说道：“这不过是又一次试图破坏美联储独立性的举动。过去一年里，我们已经看到多次试图损害独立性的企图。说到底，这关乎货币政策。” 纽约联储上周公布的研究结果显示，美国政府2025年加征关税所产生的额外成本中约有90%由美国消费者和企业承担——与美国政府此前宣称的“关税由外国出口商承担”相悖。 前一天，白宫国家经济委员会主任哈西特批评了这份研究结果，并表示与报告相关的人员应该受到惩罚。哈西特称，“他们发布的结论引发了大量带有强烈党派色彩的新闻报道。这些结论所依据的分析甚至连经济学一年级新生都不会接受。” 对此，卡什卡利回应称，地区联储开展研究的目的，是“通过广泛的不同观点，更好地理解和学习经济运行规律”。“我们正尽最大努力，基于数据和分析，对经济形势做出最佳判断。” 卡什卡利还提到，美国司法部针对美联储大楼翻修的调查，也体现了特朗普政府施加的压力。“外界噪音越大，我们就越要牢牢坚守自己的使命。”卡什卡利还强调，美联储的职责是实现物价稳定和充分就业。 当谈及凯文·沃什（Kevin Warsh）时，卡什卡利表示：“我期待与他共事，也期待听听他的想法。” 上月，特朗普提名凯文·沃什为下任美联储主席，这一提名还需获得参议院批准。沃什长期批评美联储多项政策，并称希望对该机构进行改革。 卡什卡利提到了两人曾在金融危机时期合作，“我们总可以做得更好。如果有好的改进思路，就应该推动落实。” 沃什曾主张缩减美联储资产负债表。卡什卡利指出，目前资产负债表规模约为6.6万亿美元，确实比金融危机前大得多。 他解释到，这其中有许多技术性原因，包括全球对美元的需求，以及银行为保持流动性必须在美联储持有更多准备金。 他说：“过去几年我们已经大幅缩表，我不确定在不对金融体系运作方式做出根本改变的情况下，还能进一步缩减多少。” 谈到利率，卡什卡利表示，美联储基准利率目前可能已接近“中性”水平。

Archer Aviation (NYSE: ACHR) is still pre-revenue, but investors are watching closely as FAA certification delays and defense contracts reshape its future. I break down the risks, the runway, and what could unlock meaningful upside from here.

格隆汇2月20日｜美国银行承诺投入250亿美元自有资金用于私募信贷交易。

Moderately bullish activity in Meta Platforms Inc with shares up 0.38% TipRanks

Industrial Logistics Properties Trust (NASDAQ:ILPT) reported fourth-quarter 2025 results that management described as “one of the strongest quarters” in the company’s history, citing record leasing volume, continued double-digit rent roll-ups, and year-over-year growth in normalized funds from opera

Shares of GPS-focused technology behemoth Garmin (NYSE: GRMN) rose 11% this week as of 2 p.m. ET on Thursday following the company's excellent fourth-quarter earnings release on Wednesday. Sales and earnings per share rose 17% and 16% in Q4, rocketing past Wall Street's expectations. Similarly, management's guidance for 9% sales and EPS growth in 2026 also exceeded analysts' consensus, further driving the stock higher this week. Perhaps the main reason the market loved Garmin's 2025 results so much is that the growth was companywide . Each of Garmin's five business segments delivered positive sales growth in 2025: Continue reading

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Western Alliance Bancorporation (Symbol: WAL), where a total of 8,093 contracts have traded so far, representing approximately 809,300 underlying shares. That amounts to

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SELLAS Life Sciences Group Inc (Symbol: SLS), where a total volume of 38,228 contracts has been traded thus far today, a contract volume which is representative

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cummins, Inc. (Symbol: CMI), where a total volume of 23,382 contracts has been traded thus far today, a contract volume which is representative of approximately

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Urban Outfitters, Inc. (Symbol: URBN), where a total of 5,384 contracts have traded so far, representing approximately 538,400 underlying shares. That amounts to about 4

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Chevron Corporation (Symbol: CVX), where a total of 59,944 contracts have traded so far, representing approximately 6.0 million underlying shares. That amounts to about

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in International Business Machines Corp (Symbol: IBM), where a total of 59,461 contracts have traded so far, representing approximately 5.9 million underlying shares. That

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Broadcom Inc (Symbol: AVGO), where a total volume of 149,256 contracts has been traded thus far today, a contract volume which is representative of approximately