Oaktree Capital Management LP has secured $2.4 billion in commitments for its latest fund focused on corporate special situations, according to people familiar with the matter, setting a firm record for that strategy. The Los Angeles-based manager recently completed a first close for Oaktree Special Situations Fund IV , which had been targeting about $4 billion, the people said. The firm now expec...
Oaktree Capital Management LP has secured $2.4 billion in commitments for its latest fund focused on corporate special situations, according to people familiar with the matter, setting a firm record for that strategy. The Los Angeles-based manager recently completed a first close for Oaktree Special Situations Fund IV , which had been targeting about $4 billion, the people said. The firm now expects to raise as much as $5 billion ahead of a final close later this year, the people added, asking not to be identified discussing confidential information. A representative for Oaktree declined to comment. Oaktree’s momentum is a sign that its backers still see opportunities in credit and equity to take advantage of excess leverage and unsustainable capital structures. The firm’s previous two funds of this type have both recorded net internal rates of return of roughly 30%, the people said. Oaktree Special Situations III raised $3 billion in 2023, beating its $2.5 billion target. The firm also recently told investors that it’s promoting long-time partner Thomas Casarella to co-portfolio manager to lead the strategy alongside Jordon Kruse and Matt Wilson , the people said. Casarella led Oaktree’s investment in consumer brand licenser WHP Global , which is one of the best performing investments in the firm’s second vintage, they added. Oaktree’s special situations group focuses on investing in distressed companies in the middle market through what it calls an “all-weather strategy” across both credit and private equity. Current portfolio companies include contract beer manufacturer City Brewing Co., cancer treatment provider GenesisCare and car wash operator Whistle Express, according to its website.
The company's end markets look weak, but investors are focusing on evidence that the restructuring is working in the forthcoming results. Advance Auto Parts (AAP +5.25%) will release its fourth-quarter earnings in a couple of days, and investors appear to be getting excited ahead of them. The stock rose another 5.4% today, and is up a remarkable 51.9% in 2026 alone. Advance Auto Parts, a deep valu...
The company's end markets look weak, but investors are focusing on evidence that the restructuring is working in the forthcoming results. Advance Auto Parts (AAP +5.25%) will release its fourth-quarter earnings in a couple of days, and investors appear to be getting excited ahead of them. The stock rose another 5.4% today, and is up a remarkable 51.9% in 2026 alone. Advance Auto Parts, a deep value stock for 2026 I discussed the stock earlier this year and highlighted its deep value opportunity it which still exists today. Simply put, the company's operational metrics are so far behind peers like O'Reilly Automotive and AutoZone that all it will take is an improvement to something like their levels, and its stock price will soar. Expand NYSE : AAP Advance Auto Parts Today's Change ( 5.25 %) $ 2.97 Current Price $ 59.57 Key Data Points Market Cap $3.4B Day's Range $ 57.86 - $ 59.84 52wk Range $ 28.89 - $ 70.00 Volume 92K Avg Vol 1.8M Gross Margin 37.55 % Dividend Yield 1.77 % It's a compelling case, but it's been so for over a decade, and previous management teams and activist investors have failed to deliver. That said, CEO Shane O'Kelly's fundamental restructuring is the most comprehensive attempt to date, and he deserves the benefit of the doubt. As the ex CEO of HD Supply (Home Depot's industrial distributor of products to professional facilities managers) O'Kelly clearly has extensive experience in managing vast amounts of the right stock-keeping units (SKUs) being delivered to customers on time. In essence, that's the key to the auto parts retailing business, and unfortunately, Advance Auto doesn't have a great track record of doing it. O'Kelly's turnaround All of that said, his aggressive closure of over 700 locations, opening of new stores in geographic areas where the company leads the market, and focus on opening larger market hub stores , which will help make more SKUs available to customers and improve same-day delivery to customers, makes sense. Investor...
Key Points The stock continues to receive support due to its deep value characteristics. A turnaround has been a long time coming, but the current CEO has the right background to engineer it. 10 stocks we like better than Advance Auto Parts › Advance Auto Parts (NYSE: AAP) will release its fourth-quarter earnings in a couple of days, and investors appear to be getting excited ahead of them. The st...
Key Points The stock continues to receive support due to its deep value characteristics. A turnaround has been a long time coming, but the current CEO has the right background to engineer it. 10 stocks we like better than Advance Auto Parts › Advance Auto Parts (NYSE: AAP) will release its fourth-quarter earnings in a couple of days, and investors appear to be getting excited ahead of them. The stock rose another 5.4% today, and is up a remarkable 51.9% in 2026 alone. Advance Auto Parts, a deep value stock for 2026 I discussed the stock earlier this year and highlighted its deep value opportunity it which still exists today. Simply put, the company's operational metrics are so far behind peers like O'Reilly Automotive and AutoZone that all it will take is an improvement to something like their levels, and its stock price will soar. 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 » It's a compelling case, but it's been so for over a decade, and previous management teams and activist investors have failed to deliver. That said, CEO Shane O'Kelly's fundamental restructuring is the most comprehensive attempt to date, and he deserves the benefit of the doubt. As the ex CEO of HD Supply (Home Depot's industrial distributor of products to professional facilities managers) O'Kelly clearly has extensive experience in managing vast amounts of the right stock-keeping units (SKUs) being delivered to customers on time. In essence, that's the key to the auto parts retailing business, and unfortunately, Advance Auto doesn't have a great track record of doing it. O'Kelly's turnaround All of that said, his aggressive closure of over 700 locations, opening of new stores in geographic areas where the company leads the market, and focus on opening larger market hub stores , which will help make more SKUs available to c...
The S&P 500 Index ($SPX) (SPY) closed unchanged on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. March E-mini S&P futures (ESH26) rose +0.01%, and March E-mini Nasdaq futures (NQH26) rose +0.26%. Stock indexes settled mixed on Wednesday, with the S&P 500 posting a 2-week high and the Nasdaq 100 posting a 1-wee...
The S&P 500 Index ($SPX) (SPY) closed unchanged on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. March E-mini S&P futures (ESH26) rose +0.01%, and March E-mini Nasdaq futures (NQH26) rose +0.26%. Stock indexes settled mixed on Wednesday, with the S&P 500 posting a 2-week high and the Nasdaq 100 posting a 1-week high. Wednesday’s stronger-than-expected US Jan payrolls report pushed bond yields higher and dampened expectations for additional Fed interest rate cuts, weighing on stocks. The 10-year T-note yield rose +3 bp to 4.17%, and the chance of a Fed rate cut at next month’s FOMC meeting fell to 6% from 23% before Wednesday’s payroll report. Join 200K+ Subscribers: Stocks were supported by Wednesday’s better-than-expected monthly US jobs report that showed January nonfarm payrolls increased more than expected by the most in 13 months, and the unemployment rate unexpectedly declined, signaling a stable labor market. Wednesday’s decline in software companies limited gains in the broader market and kept the Dow Jones Industrials in negative territory. Also, real estate service stocks sank on Wednesday amid concerns that the newest crop of artificial intelligence applications and tools could disrupt the industry. US MBA mortgage applications fell -0.3% in the week ended February 6, with the purchase mortgage sub-index down -2.4% and the refinancing mortgage sub-index up +1.2%. The average 30-year fixed mortgage rate was unchanged from the prior week at 6.21%. US Jan nonfarm payrolls rose +130,000, stronger than expectations of +65,000 and the most in 13 months. The Jan unemployment rate unexpectedly fell -0.1 to 4.3%, showing a stronger labor market than expectations of no change at 4.4%. US Jan average hourly earnings rose +3.7% y/y, right on expectations. The annual benchmark revision to 2025 US payrolls subtracted -862,000 jobs, a larger revision than the -825,000 expected. Comm...
PM Images/DigitalVision via Getty Images Dividends from many large-cap companies appear to be going the route of the Dodo bird. More companies are choosing to invest their profits back into their operations through capital expenditures or using them for stock buybacks. Last year was the fifth in a row that companies spent more on stock buybacks than they did on dividends. There was about a trillio...
PM Images/DigitalVision via Getty Images Dividends from many large-cap companies appear to be going the route of the Dodo bird. More companies are choosing to invest their profits back into their operations through capital expenditures or using them for stock buybacks. Last year was the fifth in a row that companies spent more on stock buybacks than they did on dividends. There was about a trillion dollars committed to buybacks and only $750 billion in dividend payments. "Total shareholder yield", which includes dividends and stock repurchases, has replaced dividend yield in many earnings presentations as a performance metric. As shown in the chart below, the average dividend yield from a stock in the S&P 500 has been cut in half over the last decade. Data by YCharts The Invesco Dividend Achievers ETF ( PFM ) recognizes companies that are bucking this trend . The ETF owns stocks that have been increasing their payouts during this time when the overall market seems to be moving in the other direction. The criticism of this behavior, of course, is that these companies could be better off taking those dividends and reinvesting in research, expansion, or acquisitions. A rising dividend could be a sign of a lack of meaningful growth opportunities. While I do not think this is always the case, it may be correct just enough to hamstring the overall returns from PFM. ETF Overview The Invesco Dividend Achievers ETF seeks to follow the performance of the NASDAQ US Broad Dividend Achievers Index . This index is made up of the stocks traded in the US that have at least 10 straight years of increasing their annual dividend. Comprised of mostly large-cap companies, this index would appear to be a steppingstone on the way to Dividend Champion status, which requires at least 25 years of increased payouts. PFM and the index that it follows are reconstituted annually in March and then rebalanced every three months in March, June, September, and December. As of the opening of the mark...
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s selloff of stocks that investors think are on the wrong side of the AI revolution. Plus, Twilio founder Jeff Lawson discusses his new nuclear fusion startup Inertia, which raised a $450 million Series A. And, Lyft CEO David Risher discusses earnings after the rideshare firm issued a forecast that disappointed investors. (Source: Bloombe...
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Wall Street’s selloff of stocks that investors think are on the wrong side of the AI revolution. Plus, Twilio founder Jeff Lawson discusses his new nuclear fusion startup Inertia, which raised a $450 million Series A. And, Lyft CEO David Risher discusses earnings after the rideshare firm issued a forecast that disappointed investors. (Source: Bloomberg)
Global index provider MSCI revised its China gauge on Wednesday, swapping property and conglomerates for semiconductor and artificial intelligence stocks in a sign of technology’s rising role in the economy. The MSCI China Index added tech stocks including SenseTime, Pony.ai and Hesai Technology for a second straight quarter of net constituent growth since late 2025, a move analysts said would acc...
Global index provider MSCI revised its China gauge on Wednesday, swapping property and conglomerates for semiconductor and artificial intelligence stocks in a sign of technology’s rising role in the economy. The MSCI China Index added tech stocks including SenseTime, Pony.ai and Hesai Technology for a second straight quarter of net constituent growth since late 2025, a move analysts said would accelerate capital flows into the country’s technology sector. Against a macro backdrop of a relatively weaker US dollar and investors seeking greater diversification, Asia’s emerging equity markets, particularly China, have clearly attracted increased attention from offshore institutional investors, according to Shujin Chen, chief economist at CSOP Asset Management. Advertisement While passive funds tracking the index have been flowing in since late last year, Chen said “over the past one to two months, we’ve seen active funds from other parts of Asia as well as Europe show growing interest in China, with some capital starting to flow in”. “Further inclusion of Chinese tech stocks will likely accelerate that trend,” she added. SenseTime is one of the additions to the MSCI China Index. Photo: Sam Tsang Chinese tech stocks have gained significantly since early last year following a breakthrough by AI start-up DeepSeek. The momentum has been further reinforced as China stepped up efforts to compete with the US in an AI arms race.
Image source: The Motley Fool. Wednesday, Feb. 11, 2026 at 5:00 p.m. ET Call participants Chief Executive Officer — Brian J. Blaser Chief Financial Officer — Joseph M. Busky Vice President, Investor Relations — Juliet C. Cunningham Head of Research & Development — Jonathan Segrist Takeaways Revenue -- The Labs business posted 7% growth in Q4 and 6% for the full year, pointing to ongoing demand. --...
Image source: The Motley Fool. Wednesday, Feb. 11, 2026 at 5:00 p.m. ET Call participants Chief Executive Officer — Brian J. Blaser Chief Financial Officer — Joseph M. Busky Vice President, Investor Relations — Juliet C. Cunningham Head of Research & Development — Jonathan Segrist Takeaways Revenue -- The Labs business posted 7% growth in Q4 and 6% for the full year, pointing to ongoing demand. -- The Labs business posted 7% growth in Q4 and 6% for the full year, pointing to ongoing demand. Regional growth -- LATAM delivered 18%, EMEA 4%, with a 900 basis point margin improvement, and JPAC 6%, while China is projected for low single digit growth in the coming year. -- LATAM delivered 18%, EMEA 4%, with a 900 basis point margin improvement, and JPAC 6%, while China is projected for low single digit growth in the coming year. Point of care -- The business grew 7% in Q4, with triage showing a 16% increase, and the immunohematology business advancing 3%. -- The business grew 7% in Q4, with triage showing a 16% increase, and the immunohematology business advancing 3%. Adjusted diluted EPS -- Reached $0.46 in Q4 and $2.12 for the year, with guidance for 2026 set between $2 and $2.42, factoring in increased depreciation of $20 million, and incremental investments. -- Reached $0.46 in Q4 and $2.12 for the year, with guidance for 2026 set between $2 and $2.42, factoring in increased depreciation of $20 million, and incremental investments. Adjusted EBITDA -- Management projects $630 million to $670 million for 2026, equating to a margin of 23.3%, and a 130 basis point improvement over last year. -- Management projects $630 million to $670 million for 2026, equating to a margin of 23.3%, and a 130 basis point improvement over last year. Free cash flow -- Generated $87 million in Q4, and excluding onetime items, recurring free cash flow for the year totaled $100 million, or 17% of adjusted EBITDA, below the 25% target due to ERP issues and late sales collections. -- Generated ...
A popular strategy pops up in Hong Kong around this time each year: betting on which stocks will be added to a trading link giving mainland buyers easy access to the city’s shares. The trade is simple enough: buy stocks of likely candidates in advance and sell on inclusion. Shares added to the Hang Seng Composite Index in the March and September reshuffles last year, and included in the trading co...
A popular strategy pops up in Hong Kong around this time each year: betting on which stocks will be added to a trading link giving mainland buyers easy access to the city’s shares. The trade is simple enough: buy stocks of likely candidates in advance and sell on inclusion. Shares added to the Hang Seng Composite Index in the March and September reshuffles last year, and included in the trading connect shortly after, jumped an average 27%, based on their prices 20 days before and after the index announcement, according to Mizuho Securities Asia Ltd. The potential gains may be even bigger this year given optimism over the increasing participation of Chinese investors in Hong Kong. There’s also speculation there may be a record number of additions to the so-called Southbound Stock Connect trading link. “It’s a popular strategy and people are setting it up much earlier than last year,” said Andy Zhou , a sales trader at Market Securities Hong Kong Ltd. “These trades are heavily one-sided and crowd quickly. Given the thin liquidity of some HSCI candidates, you want to be early, and watch the average daily volume carefully.” Eligibility for inclusion in the trading link between the mainland and Hong Kong is based on constituents in the HSCI, but is also reviewed by the Hong Kong exchange and other authorities. In addition to the major reshuffles in March and September, ad hoc changes can also take place through the year. Morgan Stanley and Mizuho have both pitched trading strategies to their clients ahead of the next review by Hang Seng Indexes Co. due this Friday. The index changes will come into effect from March 9, and the list of stocks that will be added to the Southbound link is expected to be announced shortly after that. Morgan Stanley recommended investors buy its list of 44 potential Southbound inclusion candidates and sell its 25 likely deletions, entering the positions on Feb. 9 and exiting on March 9. Potential additions include Jingdong Industrials Inc. , O...
On Wednesday, xAI took the rare step of publishing a full 45-minute all-hands meeting video on X, making it publicly accessible. Details of the Tuesday night meeting were previously reported by The New York Times, which may have influenced xAI’s decision to post the video online. The full video reveals significant new details about Musk’s plans for the AI lab, including its product roadmap and its...
On Wednesday, xAI took the rare step of publishing a full 45-minute all-hands meeting video on X, making it publicly accessible. Details of the Tuesday night meeting were previously reported by The New York Times, which may have influenced xAI’s decision to post the video online. The full video reveals significant new details about Musk’s plans for the AI lab, including its product roadmap and its ongoing ties to the X platform. Since xAI was formed just 30 months ago, the small and talented team has made remarkable progress. The future has never looked more exciting! pic.twitter.com/QZ73H2mpBj — xAI (@xai) February 11, 2026 The most immediate revelation concerned a string of departing employees, which Musk described as layoffs resulting from a changing organizational structure at the company. While reorganizations are common, the breadth of the departures has caused significant confusion, particularly as it has meant the loss of a significant portion of the founding team. “As a company grows, especially as quickly as xAI, the structure must evolve,” Musk said on X. “This unfortunately required parting ways with some people. We wish them well in future endeavors.” The new organizational system splits xAI into four primary teams: one focused on the Grok chatbot (including voice), another for the app’s coding system, another for the Imagine video generator, and finally a team focused on the Macrohard project, which spans from simple computer use simulation to modeling entire corporations. “[Macrohard] is able to do anything on a computer that a computer is able to do,” Toby Pohlen, who will lead the project under the new organizational structure, told his colleagues. “There should be rocket engines fully designed by AI.” Screenshot The all-hands also featured claims about new usage and revenue figures for xAI and X. Nikita Bier, X’s head of product, said X had “just crossed” $1 billion in annual recurring revenue from subscriptions, which he attributed to a marketing ...
Oil held a gain as traders focused on tensions between the US and Iran that have overshadowed signs of swelling supplies. West Texas Intermediate steadied near $65 a barrel, after rising by more than 1% on Wednesday as Brent closed above $69. While US President Donald Trump signaled that his goal was to reach a deal with Tehran — commenting after talks on the region with Israeli Prime Minister Ben...
Oil held a gain as traders focused on tensions between the US and Iran that have overshadowed signs of swelling supplies. West Texas Intermediate steadied near $65 a barrel, after rising by more than 1% on Wednesday as Brent closed above $69. While US President Donald Trump signaled that his goal was to reach a deal with Tehran — commenting after talks on the region with Israeli Prime Minister Benjamin Netanyahu — traders remain concerned about the potential for military strikes and risks to supply. Meanwhile, US crude inventories jumped by 8.5 million barrels last week to reach the highest level since June, according to the Energy Information Administration. Later Thursday, the International Energy Agency is due to release its monthly market outlook that may again point to a global glut. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for March delivery added 0.4% to $64.90 a barrel at 7:23 a.m. in Singapore. Brent for April settlement closed 0.9% higher at $69.40 a barrel on Wednesday.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Oracle Corporation (NYSE:ORCL - Get Free Report)'s stock price traded down 1.7% during trading on Wednesday . The stock traded as low as $154.00 and last traded at $157.1840. 24,311,166 shares changed hands during trading, a decline of 14% from the average session volume of 28,215,982 shares. The stock had previously closed at $159.89. Get Oracle alerts: Sign Up Trending Headlines about Oracle Her...
Oracle Corporation (NYSE:ORCL - Get Free Report)'s stock price traded down 1.7% during trading on Wednesday . The stock traded as low as $154.00 and last traded at $157.1840. 24,311,166 shares changed hands during trading, a decline of 14% from the average session volume of 28,215,982 shares. The stock had previously closed at $159.89. Get Oracle alerts: Sign Up Trending Headlines about Oracle Here are the key news stories impacting Oracle this week: Analysts Set New Price Targets A number of equities analysts recently commented on ORCL shares. Barclays reiterated an "overweight" rating on shares of Oracle in a report on Monday, February 2nd. JPMorgan Chase & Co. cut their price objective on shares of Oracle from $270.00 to $230.00 and set a "neutral" rating for the company in a report on Thursday, December 11th. Robert W. Baird reduced their target price on Oracle from $365.00 to $315.00 and set an "outperform" rating on the stock in a report on Tuesday, November 18th. Jefferies Financial Group reissued a "buy" rating and issued a $400.00 price objective on shares of Oracle in a research note on Monday, January 5th. Finally, Stephens boosted their target price on Oracle from $208.00 to $331.00 and gave the stock an "equal weight" rating in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $292.43. Check Out Our Latest Analysis on ORCL Oracle Trading Down 1.7% The company has a market capitalization of $451.61 billion, a P/E ratio of 29.55, a PEG ratio of 1.37 and a beta of 1.64. The business has a fifty day moving average of $187.05 and a 200-day moving average of $232.85. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. Oracle (NYSE:ORCL - ...
Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) were down 2.7% during trading on Wednesday . The stock traded as low as $132.95 and last traded at $135.68. Approximately 52,418,132 shares traded hands during trading, an increase of 4% from the average daily volume of 50,447,664 shares. The stock had previously closed at $139.51. Get Palantir Technologies alerts: Sign Up Key He...
Shares of Palantir Technologies Inc. (NASDAQ:PLTR - Get Free Report) were down 2.7% during trading on Wednesday . The stock traded as low as $132.95 and last traded at $135.68. Approximately 52,418,132 shares traded hands during trading, an increase of 4% from the average daily volume of 50,447,664 shares. The stock had previously closed at $139.51. Get Palantir Technologies alerts: Sign Up Key Headlines Impacting Palantir Technologies Here are the key news stories impacting Palantir Technologies this week: Wall Street Analyst Weigh In PLTR has been the subject of a number of research reports. Zacks Research downgraded Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 30th. Royal Bank Of Canada lifted their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an "underperform" rating in a research report on Tuesday, November 4th. HSBC upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Finally, Northland Securities raised Palantir Technologies from a "market perform" rating to an "outperform" rating and set a $190.00 price objective for the company in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $191.05. Check Out Our Latest Analysis on PLTR Palantir Technologies Trading Down 2.7% The company has a market cap of $323.39 billion, a P/E ratio of 215.37, a price-to-earnings-growth ratio of 2.74 and a beta of 1.64. The company's...