hxdbzxy/iStock via Getty Images The Technology Select Sector SPDR Fund ( XLK ) slipped 0.29% in January, reflecting relatively muted performance in large-cap tech. Beneath that modest decline, however, short interest in the technology sector remained sharply divided. While short sellers are crowding into select hardware and software names with double-digit short interest, bearish positioning is fa...
hxdbzxy/iStock via Getty Images The Technology Select Sector SPDR Fund ( XLK ) slipped 0.29% in January, reflecting relatively muted performance in large-cap tech. Beneath that modest decline, however, short interest in the technology sector remained sharply divided. While short sellers are crowding into select hardware and software names with double-digit short interest, bearish positioning is far lighter in mega-cap and highly profitable semiconductor stocks, where short interest sits closer to 2%. Quantum Computing ( QUBT ) tops the most shorted list with 21.89% short interest as of January 30, while Ingram Micro Holding ( INGM ) leads the least shorted list, with 1.34% short interest. Here’s a list of the 10 most shorted mid-to-mega cap technology stocks as of January 30: Quantum Computing ( QUBT ) – 21.89% Navitas Semiconductor ( NVTS ) – 15.86% Lumentum Holdings ( LITE ) – 15.71% Super Micro Computer ( SMCI ) – 14.65% Cipher Mining ( CIFR ) – 13.52% Bill Holdings ( BILL ) – 13.32% UiPath ( PATH ) – 12.42% Synaptics ( SYNA ) – 9.96% ViaSat ( VSAT ) – 9.15% ON Semiconductor ( ON ) – 8.83% Least shorted mid-to-mega cap tech stocks as of January 30: Ingram Micro Holding ( INGM ) – 1.34% Texas Instruments ( TXN ) – 2.12% Tower Semiconductor ( TSEM ) – 2.17% Diebold Nixdorf ( DBD ) – 2.28% Advanced Micro Devices ( AMD ) – 2.34% Micron Technology ( MU ) – 2.45% Synopsys ( SNPS ) – 2.59% Autodesk ( ADSK ) – 2.60% NetScout Systems ( NTCT ) – 2.63% Onto Innovation ( ONTO ) – 2.66% More on State Street Technology Select Sector SPDR ETF Tech Vs. Small Caps Volatility Widens As Rotation Accelerates Software Leads AI-Driven Tech Rout - What Next? The Magnificent Seven Maintains Its Winning Ways Even As Software Shows Cracks Top small-cap information technology stocks surging above 200-Day moving average The key levels 'froth assets' need to hold
borealisgallery/iStock Editorial via Getty Images Over the past few months, all manner of software stocks have been hammered, as suddenly investors are no longer enticed by recurring revenue streams and the high margins that these businesses provide, preferring instead to bet their chips on highly in-demand semiconductor stocks that are directly feeding the AI data center boom. I caution investors...
borealisgallery/iStock Editorial via Getty Images Over the past few months, all manner of software stocks have been hammered, as suddenly investors are no longer enticed by recurring revenue streams and the high margins that these businesses provide, preferring instead to bet their chips on highly in-demand semiconductor stocks that are directly feeding the AI data center boom. I caution investors not to follow the crowd too closely, especially as the recent selloff has positioned many previously expensive stocks at much more reasonable prices. Even gaming companies, such as Take Two Software ( TTWO ), have been heavily impacted, and the stock is down over 20% from December peaks above $260. Data by YCharts I last wrote a "Sell" article on Take Two in January, when the stock was trading at $250. At the time, I had argued that the stock commanded too rich a valuation premium, especially in the wake of a highly competitive gaming industry with platforms like Roblox ( RBLX ) gaining substantially in popularity. While I don’t necessarily think Take Two is a buy just yet, the recent drawdown in its valuation makes it a much more interesting play, especially amid a recent burst in bookings that drove a bump to full-year bookings expectations. We’re also aware of Take Two’s very strong pipeline ahead for fiscal FY27, which makes me more confident in upping my rating on the stock to "Neutral." In my view, at current share prices, I see a more balanced bull and bear case for Take Two. On the bright side for the company: Diverse portfolio of games to span interests and gaming levels. Take Two has an incredibly broad range of titles, spanning from casual racing and puzzle apps built for mobile, to sporting titles (NBA2k26), and the genre-bending Grand Theft Auto franchise, which will get its latest installment in late 2026. Recurring and license sales fuel consistent bookings growth. Unlike traditional gaming companies, which primarily earn one-time revenue from game sales at ...
Bigcommerce (NASDAQ:BIGC) executives used their fourth-quarter and fiscal 2025 earnings call to highlight operational improvements, growing momentum in B2B, and a shift toward monetization initiatives tied to AI-driven commerce and payments. Management also introduced new reporting metrics—gross mer
Bigcommerce (NASDAQ:BIGC) executives used their fourth-quarter and fiscal 2025 earnings call to highlight operational improvements, growing momentum in B2B, and a shift toward monetization initiatives tied to AI-driven commerce and payments. Management also introduced new reporting metrics—gross mer
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “Emerging Markets Growth Strategy.” A copy of the letter can be downloaded here. The fourth quarter of 2025 marked strong divergence from the market. Market leadership by AI beneficiaries and revival of cyclical sectors dominated the market, while quality growth strategies faced...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “Emerging Markets Growth Strategy.” A copy of the letter can be downloaded here. The fourth quarter of 2025 marked strong divergence from the market. Market leadership by AI beneficiaries and revival of cyclical sectors dominated the market, while quality growth strategies faced […]
Cement stocks extended recent declines on speculation the European Union will delay tightening its carbon controls, reducing the pricing power of firms that have transitioned toward greener practices. Switzerland’s Holcim AG and Germany’s Heidelberg Materials AG both fell more than 7% on Thursday. They’re trading down about 13% and 18%, respectively, since reports of a policy change by the Europea...
Cement stocks extended recent declines on speculation the European Union will delay tightening its carbon controls, reducing the pricing power of firms that have transitioned toward greener practices. Switzerland’s Holcim AG and Germany’s Heidelberg Materials AG both fell more than 7% on Thursday. They’re trading down about 13% and 18%, respectively, since reports of a policy change by the European Union emerged earlier this month. The latest declines were sparked by German Chancellor Friedrich Merz ’s suggestion that the EU could give companies more time to decarbonize . That would potentially slow the phaseout of free permits to pollute. It’s “rational” to interpret a delay to the harsher carbon regulations as a net negative for big cement companies, Berenberg analyst Sebastian Bray said. The looming regulations have required hefty investments, which in their turn have entailed price increases to ensure the costs are recovered, Bray said. Firms have also closed less-efficient plants, meaning improving utilization rates, he noted. Among other cement stocks declining on Thursday, Italy’s Buzzi SpA fell as much as 5.6%, while France’s Vicat SACA dropped 3.2%. Read: EU Carbon Prices Plunge as Merz Signals Openness to Soften Rules
China's aggregate financing rises on strong government borrowing, even as banks moderate early-year lending and households hold back China’s new bank lending likely edged down in January from a year earlier, even as overall credit growth accelerated, supported by a surge in government borrowing aimed at jump-starting the economy. New yuan loans are estimated at 5.07 trillion yuan ($730.0 billion) ...
China's aggregate financing rises on strong government borrowing, even as banks moderate early-year lending and households hold back China’s new bank lending likely edged down in January from a year earlier, even as overall credit growth accelerated, supported by a surge in government borrowing aimed at jump-starting the economy. New yuan loans are estimated at 5.07 trillion yuan ($730.0 billion) in January, slightly below the 5.13 trillion yuan recorded in the same month last year, according to the median forecast of 12 financial institutions surveyed by Caixin. In contrast, aggregate financing — a broader gauge of credit to the real economy — is expected to rise to 7.16 trillion yuan, up from 7.05 trillion yuan a year earlier. The January data, typically marked by a seasonal lending push from banks, are set to be released shortly.
Everything you need to know about buying ski gear: our fashion expert’s top budget brands for goggles, gloves, salopettes and jackets • How to dress in cold weather Skiing is expensive. From your lift pass to your equipment hire, transfers, travel and accommodation, it’s not a particularly accessible sport. Luckily, there are ways to curb your spending if you’re heading to the slopes – one of whic...
Everything you need to know about buying ski gear: our fashion expert’s top budget brands for goggles, gloves, salopettes and jackets • How to dress in cold weather Skiing is expensive. From your lift pass to your equipment hire, transfers, travel and accommodation, it’s not a particularly accessible sport. Luckily, there are ways to curb your spending if you’re heading to the slopes – one of which is your choice of ski gear. There are several reasonably priced brands that provide quality for a fraction of the price of luxury labels. Sure, you won’t be buying the most technologically advanced gear – if you’re a seasoned skier tackling extreme weather off piste, a high-street jacket probably won’t cut it – but if you’re a touch more fairweather, like me, these products will do the job just fine. And some brands offer a high spec for a relatively reasonable price, too – the North Face and Tog24 always put performance first, for example. Continue reading...
Sign up now! Sign up now! Sign up now? Sign up now! There are a lot of billionaires making global headlines at the moment and even if we were dying of thirst, Football Daily wouldn’t go for a pint with any of them. Big Sir Jim Ratcliffe almost certainly wouldn’t want to come for a pint with us, given our backstreet local’s clientele boasts no end of foreigners of every stripe and shade, all of who...
Sign up now! Sign up now! Sign up now? Sign up now! There are a lot of billionaires making global headlines at the moment and even if we were dying of thirst, Football Daily wouldn’t go for a pint with any of them. Big Sir Jim Ratcliffe almost certainly wouldn’t want to come for a pint with us, given our backstreet local’s clientele boasts no end of foreigners of every stripe and shade, all of whom are apparently more hell-bent on annexing the pool table than “colonising the UK” . A man who is so patriotic he would do anything for his country except live or pay taxes in it, Big Sir Jim has plumbed unprecedented depths of unpopularity among Manchester United fans by embarking on a diatribe against immigrants that played fast and loose in its use of far-right rhetoric and was backed up by wildly inaccurate statistics. Re: yesterday’s Football Daily . I am sure I am in tune with 1,057 others when I suggest that Tottenham Hotspur did a Frank appraisal of their situation and decided to have a frank conversation with Frank to explain that, frankly, his tenure as manager was not good enough and that, as soon as their franking machine could print off the postage, Frank would be getting a frank letter, asking him – frankly – to do one. Which is a great shame, as he seems to be a really good guy and, as his time at Brentford shows, he is a very good manager. As an Arsenal fan, I now wish him well, which I haven’t been able to do since June last year” – Andrew Kluth (and no others). In yesterday’s Football Daily (full email edition), we have Liam Rosenior making sure his players are ‘switched on for 90 minutes’. Can I be one of 1,057 pedants pointing out that, according to no less an authority than Big Website , games now last an average of 100 minutes, 36 seconds? Demand more, Liam. Demand more” – Simon Riley (and no others). This may be scant consolation to Rod de Lisle ( yesterday’s Football Daily letters ) but Leicester’s capitulation against Southampton, while spectacular...
JHVEPhoto/iStock Editorial via Getty Images Despite posting better-than-expected financials for Q4 2025, Zoetis ( ZTS ) traded lower on Thursday after the animal health company projected a slowdown in its topline growth with its full-year outlook. The company projects $9.825B - $10.025B in revenue for 2026, which at the midpoint exceeds the $9.91B consensus, indicating a ~5% YoY growth compared to...
JHVEPhoto/iStock Editorial via Getty Images Despite posting better-than-expected financials for Q4 2025, Zoetis ( ZTS ) traded lower on Thursday after the animal health company projected a slowdown in its topline growth with its full-year outlook. The company projects $9.825B - $10.025B in revenue for 2026, which at the midpoint exceeds the $9.91B consensus, indicating a ~5% YoY growth compared to last year. Zoetis ( ZTS ) has expanded its topline with a compound annual growth rate of ~7% since 2020. However, the company’s Q4 2025 results did beat Street forecasts, with its revenue rising ~3% YoY to $2.4B as its international operations added $1.1B with ~8% YoY growth, offsetting a 2% decline in its U.S. segment, which added $1.2B. The U.S. sales from its livestock products dropped ~6% following the divestiture of its medicated feed additive product portfolio and related assets, while sales from its companion animal products fell ~1% YoY amid headwinds to its osteoarthritis pain portfolio. However, ZTS reported $830M in earnings from its U.S. segment with a ~1% YoY growth as gross margins in that business improved to 82.8% from 81.8% in the prior year quarter, while international gross margins slipped 30 bps to 67.4%. As for the bottom line, the company recorded $648M in adjusted net income for Q4, beating the consensus by $0.08 per share. Its full-year net income stood at $2.8B with a ~6% YoY growth, implying $6.41 of adjusted EPS, which meant that its earnings outlook of $7.00–$7.10 for 2026 exceeded $6.82 in the consensus with a ~10% YoY growth. More on Zoetis Zoetis Inc. 2025 Q4 - Results - Earnings Call Presentation Zoetis: Undervalued And Oversold ZTS Stock: High Profitability Vs. Lagging Growth | 2-Minute Analysis Zoetis Q4 2025 Earnings Preview Elanco upgraded, Zoetis downgraded at Piper Sandler
hapabapa/iStock Editorial via Getty Images Thesis NetEase, Inc. ( NTES ) isn’t exactly a household name here, but it’s actually a big deal in China. The company has been around for almost 30 years. Over time, it has built a strong position in a few key areas: video games, music streaming via Cloud Music, and edtech through Youdao. Seeking Alpha However, over the past six months or so, NTES’s momen...
hapabapa/iStock Editorial via Getty Images Thesis NetEase, Inc. ( NTES ) isn’t exactly a household name here, but it’s actually a big deal in China. The company has been around for almost 30 years. Over time, it has built a strong position in a few key areas: video games, music streaming via Cloud Music, and edtech through Youdao. Seeking Alpha However, over the past six months or so, NTES’s momentum has started drifting south, which has given the broader market ( SP500 ) a slight advantage. Regardless, after reviewing the company’s latest earnings , I’m leaning bullish because I see improving margins, disciplined execution, and AI beginning to translate into real operating leverage. NetEase’s Q4 Positive Highlights Seeking Alpha Full-year games revenue RMB 92.1 billion (up 10% from 2024). Q4 came in at RMB 22 billion (growing 3% year-over-year). Where Winds Meet surpassed 80 million cumulative players. Marvel Rivals was #1 in the U.S. and Canada. Youdao's adding fuel too, with Q4 revenue up 17% to RMB 1.6 billion. Cloud Music's subscriptions grew Q4 revenue 5% to RMB 2 billion. Gross margins jumped to 64.2% in Q4 from 60.8%. Durable cash flows at RMB 163.5 billion net position. NetEase’s Q4 Weaker Points Seeking Alpha EPS $1.58 missed by $0.46. While up YoY, revenue missed by $163.25M for Q4. Non-GAAP net income down 27% YoY to RMB 7.1 billion. Cloud Music full-year revenue down 2% to RMB 7.8 billion. Innovative businesses Q4 revenue is down 10% YoY. Youdao's gross margin fell to 45.1% from 47.8%. Games Q4 revenue decreased QoQ from seasonal trends. Social entertainment services revenue is lower YoY. Resilient Core, Emerging Frictions — My Take Let's start off with the silver lining spectacles. While revenue missed by a quarter billion, YoY managed a small 3% gain , chiefly because its own self-developed games performed better. This helped make up for the usual drop in activity that happens after busy summer events. One major game, Fantasy Westward Journey Online, ...
Intel's reported $100 million commitment to SambaNova Systems, potential Nvidia foundry partnership for 2028, and renewed GPU push position the chipmaker to capture a bigger slice of the $1 trillion semiconductor market.
Intel's reported $100 million commitment to SambaNova Systems, potential Nvidia foundry partnership for 2028, and renewed GPU push position the chipmaker to capture a bigger slice of the $1 trillion semiconductor market.
On February 10, 2026, Reinhart Partners disclosed a significant buy of Paycom (NYSE:PAYC) , adding 537,726 shares in a transaction estimated at $95.28 million based on quarterly average pricing. According to an SEC filing dated February 10, 2026, Reinhart Partners increased its holding in Paycom by 537,726 shares. The estimated transaction value was $95.28 million, based on the average closing pri...
On February 10, 2026, Reinhart Partners disclosed a significant buy of Paycom (NYSE:PAYC) , adding 537,726 shares in a transaction estimated at $95.28 million based on quarterly average pricing. According to an SEC filing dated February 10, 2026, Reinhart Partners increased its holding in Paycom by 537,726 shares. The estimated transaction value was $95.28 million, based on the average closing price during the quarter. At quarter-end, the value of the stake rose by $82.74 million compared to the prior period, a figure that includes both the impact of share purchases and market price changes. The move was a buy, resulting in Paycom accounting for 2.9% of the fund’s reportable assets as of December 31, 2025. Continue reading
Hi, it’s Veena Ali-Khan in New York, wrapping up the best bits from the latest Bloomberg Deals TV show, which touched on the themes of AI, software and trends in consumer dealmaking. Elsewhere, an icon of UK finance is getting a new American owner. Today’s top stories Nuveen to buy UK asset manager Schroders in £10 billion deal . Toyota extends $35 billion deal deadline at 9% short of goal. Clear ...
Hi, it’s Veena Ali-Khan in New York, wrapping up the best bits from the latest Bloomberg Deals TV show, which touched on the themes of AI, software and trends in consumer dealmaking. Elsewhere, an icon of UK finance is getting a new American owner. Today’s top stories Nuveen to buy UK asset manager Schroders in £10 billion deal . Toyota extends $35 billion deal deadline at 9% short of goal. Clear Street slashes IPO target by 65% after investor pushback. Telegraph limbo drags on as UK probes takeover by rival DMGT. Ancora could see multiple ways to win in Warner Bros. fight. Exit routes General Atlantic Chairman and CEO Bill Ford has issued a bold prediction: the two-year “exit recession” that froze liquidity and stalled private equity transactions is thawing—and quickly. “I do think M&A will come back in a significant way this year,” Ford said in an interview for the second episode of the Bloomberg Deals weekly TV show. He said he thinks 2026 could be the most active M&A market in a decade; if he’s right, Bloomberg-compiled data show that would make it a record. A potentially rather large fly in the ointment is the heavy selloff in software stocks that could have a nasty impact on PE firms’ ability to sell the software companies in their portfolios—many of which were bought at rich valuations in 2021 and will be coming toward the end of a traditional PE holding period. The rout is tied to a wave of new AI tools from companies like Anthropic, which many believe will ultimately render incumbent software-as-a-service providers obsolete. Ryan Gould appeared on Bloomberg Deals to talk through Anthropic’s surging valuation , as General Atlantic’s Ford noted the software reset and warned tech companies can’t afford to fall behind by failing to embrace AI. Also speaking on yesterday’s show was Thoma Bravo Managing Partner Holden Spaht, who pushed back against the notion that AI poses an existential threat , saying that “AI is software and software is AI—if you do it right.”...
straga/iStock via Getty Images Stocks for the week ended February 6 were 2,214 Bcf vs. 2,463 Bcf for the week ended January 30. Net change: -249 Bcf vs. -360 Bcf for the week ended January 30. Consensus: -256B. ETFs: ( UNG ), ( BOIL ), ( KOLD ), ( FCG ), ( UNL ), ( HNU:CA ) Click here to read the full EIA Weekly Natural Gas Storage Report. More on Natural Gas Futures Natural Gas: Europe Hydropower...
straga/iStock via Getty Images Stocks for the week ended February 6 were 2,214 Bcf vs. 2,463 Bcf for the week ended January 30. Net change: -249 Bcf vs. -360 Bcf for the week ended January 30. Consensus: -256B. ETFs: ( UNG ), ( BOIL ), ( KOLD ), ( FCG ), ( UNL ), ( HNU:CA ) Click here to read the full EIA Weekly Natural Gas Storage Report. More on Natural Gas Futures Natural Gas: Europe Hydropower Shortfall Lifts LNG Pull As U.S. Holds $3 Natural Gas: Warm Weather Drives Slide Toward $3 Support Natural Gas: Oversupply Fears Cap Rebound Near $3 Support Crude oil tumbles ahead of U.S.-Iran talks; U.S. posts record natural gas storage draw U.S. natural gas prices plunge by most in 30 years as weather forecasts turn warmer
Elon Musk has repeatedly touted the Optimus humanoid robot as Tesla’s (NYSE:TSLA) most significant long-term value driver, suggesting it could eventually propel the company’s market cap to $25 trillion. Yet, prediction market odds suggest a humanoid robot in 2026 may be a little too optimistic. During Tesla's recent “We, Robot” event, Musk claimed the robots could perform everything from babysitti...
Elon Musk has repeatedly touted the Optimus humanoid robot as Tesla’s (NYSE:TSLA) most significant long-term value driver, suggesting it could eventually propel the company’s market cap to $25 trillion. Yet, prediction market odds suggest a humanoid robot in 2026 may be a little too optimistic. During Tesla's recent “We, Robot” event, Musk claimed the robots could perform everything from babysitting to mowing lawns, with a price tag between $20,000 and $30,000. But according to Kalshi, the human