SeatGeek announced on Wednesday a new integration with Spotify, bringing a seamless ticket-buying experience for Spotify users. Now, when Spotify users browse an artist’s page or upcoming tour dates, they will see ticket links powered by SeatGeek for concerts at these participating venues, allowing for a streamlined purchase process. Currently, the integration is available for […]

Robert Way/iStock Editorial via Getty Images Introduction Garmin Ltd. ( GRMN ) just reported its Q4 results , which surprised analysts and the investment community overall, with a double beat and an aggressive guidance that led to its shares popping over 10%. I wanted to go over the numbers in more detail and give some comments on the outlook. With this current pop in the share price, GRMN is still underperforming the S&P 500 ( SPY ) since my last article on it back in October of last year, but I can see this changing if the performance of certain key growth segments continues to surprise to the upside. By the numbers Sales for Q4 came in at $2.12B, up 16.5%, and beat analysts’ estimates by around $110m. Let’s take a look at the individual segments to see which ones performed the best. There is one clear leader here, and that is the Fitness revenue segment, which saw a whopping 42% y/y growth for Q4 to $765.8m, due to a strong demand for wearables, with Venu 4 and Forerunner 970 getting praise. The aviation segment continues to perform well, with 16% y/y growth to $274.2m, and the Marine segment grew even more at 18% growth to $296.9m. Auto OEM declined 3% to $160.3m, and the Outdoor segment, which is the company’s now second biggest revenue generator behind fitness, came in flat to slightly down for the quarter to $627.6m vs $629.3m last year. Looking at Garmin’s profitability for the quarter and the full year, we can see that for Q4 gross margins were more or less maintained (-10bps) at 59.2% and flat for the full year at 58.7%. Gross profit for the quarter increased 17% to $1.258B and 15% to $4.256B for the year. Operating margins saw a boost of around 60bps for Q4 and the full year, coming in at 28.9% and 25.9%, respectively. In dollar terms, operating income for Q4 increased 19% to $614.1m and 18% to $1.876B for the full year. This gives us Q4 GAAP EPS of $2.73 and $2.79 adjusted EPS, which beat analysts’ estimates by a very respectable 40 cents. A 17% surprise...

Elliott Management recently disclosed a 10% stake in Norwegian Cruise Lines ( NCLH ) in what will likely be a campaign by the activist investor to effect changes in the company’s board and reverse years of mismanagement. In a letter to shareholders, Elliott blamed NCLH’s underperformance on the board’s lack of expertise, a new CEO without industry experience, and bloated costs that were misaligned with competitors. As part of its effort to realign the business and return to profitable growth, Elliott targets $4B+ in EBITDA by 2027 versus street estimates for 2027 EBITDA of $3.35B. Citi Research analyst James Hardiman thinks this goal is unachievable by 2027 and that the required turnaround outlined by the activist investor “presents significant challenges.” First off, Norwegian ( NCLH ) will need to face the challenge of fighting a best-in-class and better-capitalized Royal Caribbean ( RCL ) for essentially the same customer. “This does not excuse NCLH’s performance (rather, it underscores the importance of getting their house in order) but speaks to the difficulty of regaining ground overnight,” Hardiman says. Second, cost performance has been getting better but may not be good enough. Hardiman is encouraged by the significant improvement of the trajectory of unit costs over the past couple of years, but the cuts have come off an “exceedingly high base” that occurred during the “cost is no object” tenure of previous CEO Frank Del Rio. And finally, private destination investments are not a panacea for NCLH, as the company is already behind its competitors. “There is no easy fix here, as even after the opening of Great Stirrup Cay’s waterpark, NCLH will likely find itself losing ground against RCLH, who will have 4+ land assets by 2027,” Hardiman adds. While $4B+ EBITDA in 2027 seems unlikely, Hardiman thinks that with just modest margin improvements, significantly better execution, “and maybe most of all a steadier hand,” NCLH could reach that goal by 2028, “on the ...

Pope Leo lamented ⁠a world “in flames” ⁠due to wars and ⁠the destruction of the environment during an Ash Wednesday Mass, opening the season of Lent for the world’s Christians. Before sprinkling ashes on the heads of participants, a sign of mortality, ‌the pope said the ashes could represent “the weight of a world that is ablaze, of entire cities destroyed by war”. He also told participants the ashes could signify “the ashes of international law and justice among peoples, [and] the ashes of...

Micron, Palantir among market cap stock movers on Wednesday Investing.com

Several officials would have supported a statement by the Fed indicating rates could rise if inflation remained high.

Earnings Call Insights: PROG Holdings (PRG) Q4 2025 Management View Steven Michaels, CEO, opened the call by highlighting that "2025 was a year that required balance, discipline and focus," noting that the company navigated a challenging retail and consumer environment and the bankruptcy of a large retail partner. He reported that leasing GMV was down 8.6% year-over-year, but after adjusting for the Big Lots bankruptcy and intentional tightening, underlying GMV grew in the mid-single digits. Michaels emphasized that "Four delivered triple-digit GMV and revenue growth throughout the year" and is playing an "increasingly important role in our ecosystem." Michaels detailed that Money App and Four contributed approximately $45 million of incremental leasing GMV in 2025, up from $23 million the previous year. The sale of the Vive portfolio was described as a strategic move to redeploy capital toward areas with stronger alignment and return potential. Michaels also announced the acquisition of Purchasing Power, completed in January 2026, expanding offerings into a new channel and growth platform. Michaels introduced Lee Wright as the new President of Purchasing Power, highlighting his background in retail and consumer finance and noting, "We're excited to have him on the team as we integrate the business and unlock its long-term potential." Brian Garner, CFO, stated, "Q4 consolidated revenues were within our outlook range provided in October and our adjusted EBITDA of $61.5 million along with a non-GAAP EPS at $0.74 exceeded the high end of this outlook." He added, "Consolidated gross margins improved 284 basis points to 36.3%, driven by margin expansion at Progressive Leasing and a shift towards higher-margin Four revenue." Outlook The company expects 2026 consolidated revenues to be in the range of $3 billion to $3.1 billion, with adjusted EBITDA targeted at $320 million to $350 million and non-GAAP EPS in the range of $4 to $4.45. Purchasing Power is projected to contr...

Earnings Call Insights: Fresh Del Monte Produce Inc. (FDP) Q4 2025 Management View CEO Mohammad Abu-Ghazaleh opened by stating fiscal 2025 "marked a clear inflection point for Fresh Del Monte" with a shift to core strengths, divestment of noncore assets, and a focus on "operational efficiency and high-return investments." He emphasized that these actions "strengthened our balance sheet, expanded margins and generated the cash flow needed to preserve flexibility and reinvest for long-term leadership." The company announced it expects to close the acquisition of select assets from Del Monte Foods before the end of Q1 2026, following U.S. Bankruptcy Court approval. Abu-Ghazaleh described the move as "not about expansion for expansion sake" but about "alignment," unifying the Del Monte brand and creating "a stronger, more flexible platform focused on efficiency innovation and long-term value creation." Addressing integration, Abu-Ghazaleh explained the acquired business will function as a "dedicated unit" post-closing, with a "light touch integration strategy" to "preserve its agility and customer focus," while leveraging Fresh Del Monte's capital and supply chain. CFO Monica Vicente detailed the acquisition, noting the $285 million purchase price plus assumed liabilities, covering "the vegetable tomato and refrigerated fruit businesses, primarily under the Del Monte, S&W and Contadina brands," as well as facilities in the U.S., Mexico, and Venezuela. Vicente stated, "it is premature to comment on accretion, synergies or fair value at this time." Vicente confirmed the sale of Mann Packing and the sale of three older break bulk vessels, further simplifying the portfolio. She highlighted, "Net sales were $1.02 billion, driven by higher net sales in our Other Products and Services and Banana segments," and "gross profit was $106 million, reflecting higher gross profit across all business segments." Outlook The company expects net sales on a continuing operating basis to be...

格隆汇2月19日｜美联储会议纪要公布后，现货黄金保持涨势，现涨2.3%，报4992美元/盎司。

herstockart Eminence Capital AUM declined in 2025 from ~$6.54B in Q4 2024 to ~$6.23B in Q4 2025. Its number of holdings also declined to 39 as it saw notable shifts in both position size and allocation. The portfolio remains concentrated in information technology, consumer discretionary, and communication sectors. Amazon ( AMZN ) was the top holding, as allocation to the e-commerce company increased to 1.47M shares, up 59% Y/Y, valued close to $340M. Allocation to Louisiana-Pacific ( LPX ) surged 180% Y/Y to ~4.05M shares. DraftKings ( DKNG ) allocation jumped a whopping 380% to 8.42M from 1.75M shares a year back. New additions in 2025 include Meta Platforms ( META ), UnitedHealth Group ( UNH ), Union Pacific Corporation ( UNP ), Synopsys ( SNPS ) among others. Over the same period, the fund completely exited stakes in Uber Technologies ( UBER ), MGM Resorts International ( MGM ), The Progressive ( PGR ), Lennar ( LEN ), while reducing holdings in Alibaba ( BABA ) to 825.7K shares from 1.74M, reflecting a 53% decrease, as well as trimming positions in Pinterest ( PINS ), Sea Limited ( SE ), and Zillow Group ( Z ) among others. Check Seeking Alpha's quant rating on Eminence Capital's top 15 holdings: Amazon.com ( AMZN ) – Quant rating : 3.41 – Hold Sea Limited ( SE ) – Quant rating : 2.90 – Hold Louisiana-Pacific ( LPX ) – Quant rating : 1.80 – Sell Workiva ( WK ) – Quant rating : 2.66 – Hold Coupang ( CPNG ) – Quant rating : 2.78 – Hold DraftKings ( DKNG ) – Quant rating : 2.64 – Hold GitLab ( GTLB ) – Quant rating : 3.31 – Hold Salesforce ( CRM ) – Quant rating : 3.41 – Hold Performance Food Group Company ( PFGC ) – Quant rating : 2.82 – Hold Jefferies Financial Group ( JEF ) – Quant rating : 2.27 – Sell Asbury Automotive Group ( ABG ) – Quant rating : 2.75 – Hold Advanced Micro Devices ( AMD ) – Quant rating : 4.60 – Strong Buy Atmus Filtration Technologies ( ATMU ) – Quant rating : 3.42 – Hold Dynatrace ( DT ) – Quant rating : 3.28 – Hold Graphic Packaging Holdi...

Quant check on Eminence Capital's top Q4 holdings: AMZN, GTLB, AMD, LPX (PINS:NYSE) Seeking Alpha

In this video, I will discuss the current market situation. Why do software and AI stocks get punished while value stocks trade at 50 times earnings? Watch the short video to learn more, consider subscribing, and click the special offer link below.

The market is really concerned about one thing right now: artificial intelligence (AI) spending. It's understandable; many of the AI hyperscalers are dumping a boatload of money into this technology, and there hasn't really been a return on investment. The market would rather see some of that money go toward proven technologies or strategies that can provide a return on capital. I think AI will provide that, but investors have to be patient. The market isn't usually a patient entity. For the most part, each stock is judged on what it's doing in the next quarter or year, not where it's heading in five years. This mistake is an ideal investor opportunity, as this AI spending starts to make sense when you look at it from a 50-year time frame. With that in mind, I think the capital expenditure projections from Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , and Microsoft (NASDAQ: MSFT) are reasonable, as the opportunity is there. Image source: Getty Images. Continue reading

According to an SEC filing dated Feb. 17, 2026, Ananym Capital Management, LP increased its stake in LKQ (NASDAQ:LKQ) by 361,902 shares during the fourth quarter of 2025. The estimated size of the share purchase is $10.91 million, calculated using the average quarterly closing price. The total value of the LKQ position rose by $10.68 million, reflecting both trading activity and share price changes. After the buy, LKQ now accounts for 13.79% of Ananym’s 13F reportable assets under management. As of Feb. 17, 2026, LKQ shares were priced at $32.51, down 14.9% over the past year and underperforming the S&P 500 by 29 percentage points. Continue reading

在1月份会议上，意见分歧的美联储官员表示，目前应暂停进一步降息，但如果通胀形势配合，年内晚些时候可能重启降息。 根据周三公布的1月27—28日会议纪要，尽管美联储维持基准利率不变的决定基本获得认可，但未来政策路径仍不明朗，委员们在抗通胀与稳就业之间存在立场冲突。 会议纪要称： “在评估货币政策前景时，多位与会者表示，如果通胀回落符合预期，联邦基金利率目标区间 进一步下调 可能是合适的。” 但与会官员对政策方向意见不一，就是应更侧重抗通胀还是稳就业展开争论。 纪要显示： “部分与会者认为，在委员会审慎评估最新数据期间， 政策利率在一段时间内维持不变 可能是合适的；其中多位官员认为，在有明确迹象表明通胀回落进程重新回到稳定轨道之前， 不宜进一步放松政策 。” 此外，部分官员甚至提出 重启加息 的可能性，并希望会后声明更清晰地体现“委员会未来利率决策的 双向可能性 ”。 这一表述意在说明： “若通胀持续高于目标水平，上调联邦基金利率目标区间也可能是合适的。” 美联储在2025年9月、10月、12月连续三次降息，累计下调 75个基点 ，将关键利率区间降至 3.5%—3.75% 。 本次会议是新一届地方联储行长投票阵容的首次会议，其中至少两人——达拉斯联储主席洛里・洛根、克利夫兰联储主席贝丝・哈马克已公开表示，认为美联储应 无限期暂停 调整利率。两人均认为通胀仍是持续威胁，应成为当前政策重心。全部19位理事及地方联储行长参与会议，但仅有12人拥有投票权。 美联储内部本就存在理念分歧，若前理事凯文・瓦尔什获提名出任下一任美联储主席，分歧可能进一步扩大。瓦尔什支持降息，现任理事斯蒂芬・米兰、克里斯托弗・沃勒也持相同立场；沃勒与米兰在1月会议上投下反对票，主张再降息25个基点。现任主席杰罗姆・鲍威尔任期将于5月结束。 会议纪要未点名具体与会者，仅用“部分”“少数”“多位”等表述描述立场，其中罕见两次提及“绝大多数”。 与会者普遍预计年内通胀将回落，“但回落速度与时点仍不确定”。官员们注意到关税对物价的影响，并预计影响将在年内逐步减弱。 纪要指出： “但多数与会者提醒，实现委员会2%通胀目标的进程可能慢于预期、更不均衡，且认为 通胀持续高于目标的风险不容忽视 。” 会议期间，负责制定利率的联邦公开市场委员会调整了会后声明部分措辞，指出通胀与就业市场的风险已更趋平衡，缓解了此前对就业状...

格隆汇2月19日｜美联储会议纪要：美联储工作人员对经济活动的展望较12月更为强劲，预计通胀将略高于此前预期，失业率自2026年起将逐步下降。

格隆汇2月19日｜美联储会议纪要：少数与会者倾向于在1月降息。

格隆汇2月19日｜美联储会议纪要：多位与会者认为，进一步降息可能会削弱市场对通胀目标承诺的认知。

格隆汇2月19日｜美联储会议纪要：多名与会者表示，他们本会支持对未来利率决议采用双向表述，以反映如果通胀持续高于目标水平，加息可能是适当的选择。

Many short-term traders focus on the Federal Reserve's interest rate decisions. If the Fed cuts its benchmark rates, bond yields will fall, the financial conditions will ease, and more investors will take on debt and rotate back toward riskier investments. Those conditions could broadly lift the financial sector , which thrives on increased investments, trading, and loans. If you expect Kevin Warsh, the Trump Administration's nominee for the next Fed chair, to aggressively cut rates upon succeeding Jerome Powell this May, then it might be a good time to get bullish on financial stocks. Let's take a look at a popular ETF that aims to triple daily returns in the financial sector -- and whether it's a safe long-term play on lower interest rates. Image source: Getty Images. Continue reading

AlexSecret/iStock via Getty Images Overview When I previously covered Flaherty & Crumrine Total Return Fund ( FLC ), I issued a hold rating due to the fund's use of leverage and how it may suppress total returns. However, FLC has continued to outperform the S&P 500 since my last coverage due to its solid portfolio strategy. FLC has now released an updated annual report for 2025, which prompted me to revisit the fund's performance and outlook for the year. While there are certainly some limitations to the fund, FLC can still be an efficient position for investors that want to prioritize a steady stream of income generation while getting direct equity exposure to stocks in the financial sector. Looking at the performance over the last 12 months, we can see that FLC's share price has increased by about 4.6%. The fund has demonstrated its ability to partially participate in the positive market momentum over the last few quarters. When including all distributions that were paid out to shareholders, the total return jumps up to 12.2% over the same time frame. The fund now offers a starting dividend yield of about 6.9% while issuing payouts on a monthly basis. After reviewing the most recent annual report, I believe that FLC is capable of supporting its current payout rate over the next 12 months. Data by YCharts Although the share price has increased in the last few months, FLC still trades at a reasonable price to NAV valuation. This could present an opportunity for patient investors that are willing to wait for a lower interest rate environment. The fund still utilizes leverage, which increases the risk profile but can work in FLC's favor once the cost of debt declines. So let's start by taking a look at the fund's updated valuation and financial highlights. Updated Valuation At the time of my last coverage, FLC traded at a discount to NAV of 6.92%. Following the uptick in share price, FLC now trades at a slightly smaller discount to NAV of 5.75%. For reference, FLC has...

格隆汇2月19日｜美联储会议纪要：与会者预计通胀将向2%的目标回落，但回落的速度和时间仍不确定。

Archival storage poses lots of challenges. We want media that is extremely dense and stable for centuries or more, and, ideally, doesn't consume any energy when not being accessed. Lots of ideas have floated around— even DNA has been considered —but one of the simplest is to etch data into glass. Many forms of glass are very physically and chemically stable, and it's relatively easy to etch things into it. There's been a lot of preliminary work demonstrating different aspects of a glass-based storage system. But in Wednesday's issue of Nature, Microsoft Research announced Project Silica, a working demonstration of a system that can read and write data into small slabs of glass with a density of over a megabyte per cubic millimeter. Writing on glass We tend to think of glass as fragile, prone to shattering, and capable of flowing downward over centuries, although the last claim is a myth. Glass is a category of material, and a variety of chemicals can form glasses. With the right starting chemical, it's possible to make a glass that is, as the researchers put it, "thermally and chemically stable and is resistant to moisture ingress, temperature fluctuations and electromagnetic interference." While it would still need to be handled in a way to minimize damage, glass provides the sort of stability we'd want for long-term storage. Read full article Comments

格隆汇2月19日｜美联储会议纪要：与会者指出，经济活动似乎正以稳健的步伐扩张；普遍预计2026年的经济增长步伐将保持稳健。

格隆汇2月19日｜美联储会议纪要：与会者普遍认为，在实施适当货币政策的情况下，劳动力市场今年很可能先趋于稳定，然后有所改善。

Lawyers for the plaintiffs argue that Meta intentionally designed its social media platforms to be addictive The Meta CEO, Mark Zuckerberg, is testifying at a landmark trial of social media companies on Wednesday. After arriving at the courthouse, Zuckerberg was asked by a security guard at a metal detector if he had any metal on him. “I have a gold chain on,” he responded, according to the New York Post . Continue reading...

格隆汇2月19日｜美联储会议纪要：多数与会者警告称，通胀向2%目标迈进的进程可能比普遍预期更缓慢、更不均衡，且通胀持续高于目标的风险被评估为具有重要意义。

In this article GS Follow your favorite stocks CREATE FREE ACCOUNT David Solomon, CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs CEO David Solomon said Wednesday "it is very, very important that we codify a rule-based system" for how cryptocurrency and related financial instruments will operate" in the United States . "As an American, I think it is very important that as we put legislation in place, we get it right for the long term," Solomon told CNBC's Sara Eisen during an interview in front of attendees at the World Liberty Forum at the Mar-a-Lago club in Palm Beach, Fla., which was hosted by the Trump family 's crypto venture World Liberty Financial . "I believe that to operate markets safely and soundly, we need to have a rules-based system," said Solomon, whose firm is one of the world's premier traditional investment banks . "Our banking system is unique, and our banking system needs to coexist with this technological innovation." "If there are people who think we are going to operate in this environment without rules, they are probably wrong, and they should move to El Salvador, " he said. El Salvador's government has purchased bitcoin since 2022. Because of the decline in bitcoin's price, the value of El Salvador's holdings of that cryptocurrency has fallen to about $500 million, down from a high of $800 million last year. Solomon commented weeks after a Senate committee advanced a cryptocurrency market bill that would create a national regulatory structure for crypto. That bill has stalled over a dispute about whether digital asset companies would be allowed to offer customers rewards, or payments on stablecoins that are held in those companies. Banks have opposed such rewards, which could compete with their interest payments on depositors' accounts. Solomon said Wednesday that he is "super-interested in" crypto-related business. Read more CNBC politic...

格隆汇2月19日｜美联储会议纪要：几乎所有与会者都支持在1月份暂停利率行动。多位与会者表示，如果通胀按其预期下降，进一步降息很可能将是合适的。

Sen. Elizabeth Warren (D-Mass.) has slammed Tesla Inc. (NASDAQ:TSLA) for failing to pay any federal income taxes in 2025. Does That Seem Fair To You? In a post on the social media platform X on Monday, Warren expressed her criticism of the Elon Musk-led EV giant. "Does that seem fair to you?" she said in the post, sharing an image that said that Tesla had paid "$0.00" in Federal income taxes last year. Does that seem fair to you? pic.twitter.com/OL6PlfKTPy— Elizabeth Warren (@SenWarren) February