Key PointsSprott acquired 200,000 shares in the open market for a transaction value of ~$9.2 million on Jan. 29, 2026.

The S&P 500 sectors that top investment newsletters currently like most are strongest at market peaks.

The Value Rotation Illusion Authored by Michael Lebowitz via RealInvestmentAdvice.com, “ Value is back in vogue ”, the media claim. Investors are rushing out of the high-flying mega-cap tech stocks and into the boring staples, utilities, and healthcare stocks. Given the huge outperformance of value stocks versus growth stocks, it appears investors are going all in on the value rotation. What some of these investors don’t know is that they are not necessarily buying value but could, in fact, be selling it. Before turning your investment perspective upside down, let’s define how most investors think about value and growth stocks. Commonly, investors refer to value stocks as those whose shares trade at a low price relative to their earnings and earnings potential. Growth stocks are those whose earnings are expected to grow faster than the market average. For some reason, investors often assume that growth and value are mutually exclusive. They are not, as we will explain. Valuation Heat Maps The FinViz website offers a great perspective on valuations across the S&P 500. Their heat map below shows the P/E ratio for every S&P 500 stock. The “E” is based on the trailing twelve months of earnings. The box sizes are commensurate with each market cap. This layout provides a unique way to view and compare valuations by stock, sector, and market cap. As the map shows, many companies, large and small, across most sectors, have expensive P/E ratios of 30 or higher. Conversely, there are very few green boxes with more reasonable P/E ratios. The P/E ratios shown above are a good indicator of a stock’s current price relative to its earnings over the last 12 months. There is a benefit to tracking trailing earnings-based valuations; however, we must keep in mind that investors are buying tomorrow’s earnings, not yesterday’s . Thus, the forward P/E ratio should be considered alongside the more traditional trailing P/E. The heat map below shows forward P/Es. The “E” in these calculatio...

Key PointsTenable is a cybersecurity company that specializes in vulnerability management solutions.

据财政部消息，为支持科普事业发展，财政部、海关总署和税务总局联合发布通知，明确“十五五”期间对科技馆、自然博物馆等科普场馆进口的科普影视作品及科普用品免征进口关税及增值税。政策涵盖购买自用科普影视作品播映权的相关设备，以及国内无法生产或性能不满足需求的科普仪器设备和展品。该政策将于2026年1月1日至2030年12月31日实施，具体免税商品清单由相关部门制定。

Some 35 Labour MPs are among those who have written to the home secretary to raise concerns about the plans.

IPG Photonics press release ( IPGP ): Q4 GAAP EPS of $0.46 beats by $0.26 . Revenue of $274.5M (+17.2% Y/Y) beats by $24.97M . Adjusted EBITDA was $41.2 million. During the fourth quarter, IPG spent $18 million on capital expenditures and $4 million on share repurchases. The Board of Directors has authorized a new program to purchase up to $100 million of IPG common stock. Outlook: For the first quarter of 2026, IPG expects revenue of $235 million to $265 million vs. $243.44M consensus , adjusted gross margin between 37% and 39% and operating expenses of $90 million to $92 million. IPG anticipates delivering adjusted earnings per diluted share in the range of $0.10 to $0.40 vs. $0.25 consensus and adjusted EBITDA in the range of $25 million to $40 million. More on IPG Photonics IPG Photonics: Cyclical Recovery Can Help, But Core Markets Have Changed IPG Photonics FY 2025 Earnings Preview Seeking Alpha’s Quant Rating on IPG Photonics Historical earnings data for IPG Photonics Financial information for IPG Photonics

FiscalNote Holdings ( NOTE ) on Thursday announced an expansion into the political prediction market. Shares were -18.57% pre-market to $0.94. The AI-driven policy and regulatory intelligence company has introduced a preview experience at PoliticalPredictions.com. The preview is expected to enable the company to engage audiences, refine forecasting approaches, and advance market design across multiple potential applications over time. "As public interest in politics and policy decisions accelerates, this category is poised to reshape how political insight is formed, shared, and acted upon, extending well beyond traditional audiences," said CEO Josh Resnik. "With this expansion into prediction markets, FiscalNote is positioning itself to define this space over time, bringing its policy intelligence, data sets, and expertise into a category that is still taking shape," added Resnik. In connection with the expansion, the Washington-based company has appointed Dr. Laila Mintas as a strategic advisor for this initiative. Furthermore, FiscalNote has entered into a non-binding MOU to form a strategic partnership with 365Prediction, founded by Mintas. More on FiscalNote Seeking Alpha’s Quant Rating on FiscalNote Historical earnings data for FiscalNote Financial information for FiscalNote

据港交所文件：深圳信立泰药业股份有限公司向港交所提交上市申请书。

格隆汇2月12日｜花旗资深利率策略师本杰明·威尔特希尔表示，投资者可能低估了美国消费者的韧性，市场通胀预期仍有小幅上修空间。“市场似乎坚信通胀将持续回落，但我们仍处于结构性高通胀环境。”他建议买入5y5y远期通胀合约，称当前约2.5%的定价水平过低——美联储青睐的核心通胀指标仍顽固持稳于略低于3%的水平。威尔特希尔指出，鉴于去年美国关税政策传导之迟滞曾令市场普遍失望，当前交易员对通胀风险定价颇为犹疑。“为通胀溢价定价的劲头已不复存在，从结构上看，通胀显然被低估了。”

Wall Street broker Clear Street cuts US IPO valuation target to $7.2 billion Reuters

Alnylam Pharmaceuticals press release ( ALNY ): Q4 Non-GAAP EPS of $1.25 misses by $0.25 . Revenue of $1.09B (+83.8% Y/Y) misses by $70M .' Full-year 2026 financial guidance is summarized below: Total TTR net product revenues (AMVUTTRA, ONPATTRO) 1 $4,400 million - $4,700 million Total Rare net product revenues (GIVLAARI, OXLUMO) 1 $500 million - $600 million Total net product revenues 1 $4,900 million - $5,300 million Net product revenues growth vs. 2025 at currency exchange rates as of December 31, 2025 2 64% - 77% Net product revenues growth vs. 2025 at constant exchange rates 2 64% - 77% Net revenues from collaborations and royalties $400 million - $500 million Non-GAAP R&D and SG&A expenses 3 $2,700 million - $2,800 million Click to enlarge More on Alnylam Pharmaceuticals Alnylam Pharmaceuticals, Inc. (ALNY) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Alnylam Pharmaceuticals, Inc. (ALNY) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Alnylam Pharmaceuticals: Challenges In The TTR Space And Few Late-Stage Catalysts Are A Concern Alnylam Pharmaceuticals Q4 2025 Earnings Preview Lululemon, Biogen to exit Nasdaq 100 with Alnylam, Seagate among additions

Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking an increase for three consecutive quarters, as the Housing Bureau attributed the increase to high demand for flats in urban areas. According to figures announced on Thursday, the latest average waiting time for general applicants – family or elderly households – over the past 12 months was higher than 5.5 years recorded in September and 5.4 years in June. The figure was 5.3 years, as of March...

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, electric utility Exelon Corp. (EXC) initiated its adjusted operating earnings guidance for the full year 2026 in a range of $2.81 to $2.91 per share.

Crocs’s overall sales fell, but beat expectations by a wide margin, as strength in the Crocs brand and internationally offset HeyDude weakness.

The space economy is one of the hottest investment themes of 2026. Privately held SpaceX leads the way and is reportedly planning an IPO this year, with a valuation of $1 trillion or more expected at its public market debut. But what if you want to buy a stake in the fast-growing space economy right now? The good news is that any investor can do this by buying Rocket Lab (NASDAQ: RKLB) stock, a hot competitor to SpaceX whose stock is up 594% over the last five years. Let's take a look at Rocket Lab's business and see where the stock might be in one year. Continue reading

Dana Incorporated ( DAN ) appointed Byron Foster as chief executive officer effective July 1, 2026. Current chairman and CEO R. Bruce McDonald will remain chairman of the board after Foster assumes the CEO role. Foster currently serves as senior vice president and president of Dana’s Light Vehicle Systems, its largest business unit. More on Dana Dana Incorporated (DAN) Discusses Backlog And Market Outlook Call Transcript Dana Incorporated 2025 Q4 - Results - Earnings Call Presentation Dana Incorporated: Bullish About Business Divestment And Margin Expansion Mid-cap stocks with lowest dividend growth grade Bottom 10 mid-cap stocks with lowest dividend safety grade

First Asset Morningstar International Value Index ETF (VXM-A.TO) 風險 Yahoo 財經

记者12日获悉，比利时警方当天突击搜查了欧盟委员会多处办公场所，调查其房地产资产出售中可能存在的违规行为。据了解，警方当天上午对欧盟委员会在布鲁塞尔的多处办公场所进行了搜查，其中包括预算部门。此次调查由欧洲检察官办公室 (EPPO) 牵头，涉及比利时主权财富基金SFPIM在2024年以9亿欧元收购的23栋建筑。欧盟委员会当时表示该交易符合欧盟金融法规。欧洲检察官办公室发言人蒂娜·霍勒沃特当天确认，欧洲检察官办公室正在对此进行一项持续调查，并开展证据收集工作。她表示，“为了不影响正在进行的调查程序及其结果，现阶段无法透露更多信息。”欧盟委员会方面尚未对此做出表态。（央视新闻）

Melco Resorts & Entertainment press release ( MLCO ): Q4 GAAP EPADR of $0.05 misses by $0.06 . Revenue of $1.29B (+8.4% Y/Y) beats by $20M . Total operating revenues for the fourth quarter of 2025 were US$1.29 billion, representing an increase of approximately 9% from US$1.19 billion for the comparable period in 2024. The increase in total operating revenues was primarily attributable to the improved overall rolling chip and mass market table games performance. For the quarter ended December 31, 2025, total operating revenues at City of Dreams were US$695.7 million, compared with US$591.1 million in the fourth quarter of 2024. Rolling chip volume increased to US$6.28 billion during the fourth quarter of 2025, compared with US$6.24 billion in the fourth quarter of 2024 and win rate was 3.18% in the fourth quarter of 2025, compared with 2.35% in the fourth quarter of 2024. The expected rolling chip win rate range is 2.85%-3.15%. Mass market table games drop increased to US$1.74 billion in the fourth quarter of 2025, compared with US$1.53 billion in the fourth quarter of 2024 and hold percentage was 31.0% in the fourth quarter of 2025, compared with 32.0% in the fourth quarter of 2024. Gaming machine handle for the fourth quarter of 2025 was US$1.09 billion, compared with US$1.03 billion in the fourth quarter of 2024 and win rate was 2.3% in the fourth quarter of 2025, compared with 3.1% in the fourth quarter of 2024. More on Melco Resorts & Entertainment Melco Resorts: Focus Is On Industry Headwinds, Company Positives (Downgrade) Melco Resorts & Entertainment Q4 2025 Earnings Preview Macau casino gaming revenue soars ahead of key Chinese New Year holiday Seeking Alpha’s Quant Rating on Melco Resorts & Entertainment Historical earnings data for Melco Resorts & Entertainment

格隆汇2月12日｜2月11日，市场监管总局在北京召开餐饮服务连锁企业行政指导会，督促企业严格落实主体责任，采取切实有效措施，保障消费者饮食安全。会议强调，地方市场监管部门要聚焦连锁餐饮食品安全风险防控重点，创新监管手段方法。紧盯重点品类、重点环节、重点区域，加大监管执法力度，对突破道德底线、造成恶劣影响的坚决从严从重惩处。

格隆汇2月12日｜据一财，2026开年，住房“以旧换新”“收储二手房用作保障房”的政策，正在全国多地铺开。过去，地方政府或国企下场“收储”的对象主要是存量新房项目，随着二手房市场的重要性被重新认识，许多城市开始加入收储二手房的行列。这些举措不仅能打通市民“卖旧买新”的置换堵点，也被业内视为中国房地产行业从“增量开发”转向“存量运营”的关键信号，地方政府与城投平台的角色或将从“土地供应商”向“市场稳定器”和“住房资源运营商”转变。

2月11日，影石Insta360举办年会，其中，最重磅的特别贡献奖是5套大湾区商品房，均由90后获得。据极目新闻，记者从影石方面获悉，现场还有保时捷、特斯拉、理想、宝马等名车相送。 另据红星新闻， 记者从该公司一名知情员工处获悉，年会中送出商品房一事属实，房子价值百万元以上，5名获奖者都是“90后”，其中没有高管。此外，该员工还表示，年会上公司还送出6辆汽车，其中一人获得一辆保时捷，另五人从理想L7 Pro、新款BMW 3系、特斯拉Model Y三款中任选一辆。 年会活动负责人表示，获奖员工可从两个环境优美、配套完善的高品质小区中自由选择。 记者注意到，年会举办前（2月11日）凌晨，影石Insta360创始人刘靖康曾在朋友圈发布筹备照片，配文“每年年会前都没有睡觉”。公开数据显示，公司连续多年向员工赠送奖品，去年年会曾一次性送出6台新能源汽车。 据极目新闻，网上流传的影石Insta360年会奖品清单还显示，特等奖为36克影石定制金钞，一等奖则包含3台iPhone 17 Pro、3台影翎Antigravity A1以及3份8克定制金钞，各类奖品总数超3600份。影石方面也向记者证实，该奖品清单属实，中奖率高达80%。其中，特等奖36g金纸（含黄金36g），被一位入职10天的新同事收入囊中，实习生现场抽走一台iPhone 17 Pro。 影石Insta360创始人刘靖康在年会现场表示， 2025年是影石史上营收规模最高的一年，2025年第四季度是影石历史上营收最高的一个季度，其营收增速创近10个季度新高。同时他还提到，公司2025年一年的研发投入，就超过之前三年的总和。在他看来，长期的价值比短期利润更重要。 年会现场，刘靖康还展示了首款手持云台相机的双摄外观，据悉该产品命名为“Luna”，将于2026年上半年发布。刘靖康表示，这绝不是另一个Pocket，而是一款有非常多创新定义与革新的产品。从现场演示画面来看，Luna或将成为市场上首款具备长焦功能的手持云台相机。 据报道，影石创新科技股份有限公司（简称“影石创新”）是一家总部位于中国深圳的智能影像科技企业，成立于2015年。2025年6月11日，影石创新正式登陆上海证券交易所科创板，此次上市募资19.38亿元。 公开数据显示，过去7年影石累计研发投入超30亿元；仅2025年前三季度，研发费用便超10亿元，占营收比例15...

Hilton Worldwide Holdings Inc. is conducting an internal review of a Frankfurt hotel and weighing whether to terminate a management agreement amid scrutiny over the property’s ultimate beneficial owner, according to people familiar with the matter. The US-based hotel operator is assessing whether continuing to manage the Hilton Frankfurt Gravenbruch could expose it to sanctions risks after a Bloomberg News investigation revealed that the property’s ultimate owner is Mojtaba Khamenei , the second-eldest son of Iran’s Supreme Leader, said the people, who asked not to be identified discussing a confidential process. Khamenei has been under US sanctions since 2019. Hilton manages the hotel under a long-term contract with Allsco Gravenbruch Hotelbetriebsgesellschaft mbH, which has owned the property since 2011, Bloomberg reported last month. The Bloomberg investigation found that Khamenei directs a sprawling international investment network spanning luxury London property, European hotels and offshore companies financed largely from the proceeds of oil sales. Ownership was structured so that no assets were held directly in his name. Instead, many purchases appeared in the name of Ali Ansari , an Iranian businessman who has known Khamenei for decades. Ansari has not been sanctioned by Washington. Read more: How the Son of Iran’s Leader Built a Global Property Empire A spokesperson for Hilton declined to comment, while a representative for the Treasury Department — which administers and enforces the US sanctions program — didn't respond to a request for comment. The review comes as Western governments step up scrutiny of Iran-linked assets, part of efforts to punish Tehran for a crackdown on domestic protests that has left thousands dead since the start of the year. Last October, the UK sanctioned Ansari , while in late January the European Union tightened measures targeting Iran’s leadership and designated the Islamic Revolutionary Guard Corps — a powerful branch of the m...

A documentary film about First Lady Melania Trump surprised movie experts with a strong opening weekend at the box office last week. That opening weekend may have been a good start, but the film's plunge in the second weekend box office is more bad news for Amazon.com Inc (NASDAQ:AMZN). ‘Melania' Box Office Falls Amazon.com's movie studio segment had a busy weekend with a Super Bowl LX commercial for its upcoming theatrical film "Project Hail Mary." That film could have high expectations and be

With 13 medals through the first five days – surpassing their total at Turin 2006 – the Italians are the surprise stars of these Games. What’s different this time? From Milan to Cortina and beyond, the star of the first Olympic weekend in Italy was … Italy. The electric celebrations started Saturday in Bormio, close to the Swiss border, with a silver and bronze in the men’s downhill. They echoed a few hours later in Milan, where Francesca Lollobrigida set an Olympic record in women’s 3000m speed skating for the host country’s first gold. Continue reading...

格隆汇2月12日｜瑞穗金融集团全球市场部门联席主管Kenya Koshimiz表示，由于通胀持续以及日元疲弱，日本央行最快可能在3月再次加息，今年最多可能加息三次。日本名义经济增长达3%至4%，加上首相高市早苗政府更清晰的政策，在多个正面因素下，央行将需要根据这些情况来调整货币政策。

Is Apple Inc Gaining or Losing Market Support? Benzinga

格隆汇2月12日｜波罗的海干散货指数涨7%，至2095点。

LSEG said on Thursday it plans to build an on-chain settlement service for institutional investors called ‌the LSEG Digital Securities Depository, which will connect traditional ‌and digital securities markets. This will enable trading and settlement of tokenised bonds, equities and ​private market assets across multiple blockchain networks, while remaining interoperable with existing settlement platforms, the London Stock Exchange operator said. The move comes as LSEG faces pressure to improve performance from activist investor Elliott Management, ‌which has built a ⁠stake in the company and is pushing for changes, after the company's shares fell more than 35% ⁠over the past year.