Berkshire's NYT Stake Looks Like New Abel, Not Old Buffett - Moby BREAKING NEWS Let's start with what portfolio management looks like when you're piloting $561 billion. You trim Apple by 4.3%, which sounds like discipline until you realize the remaining stake is still worth $61.96 billion. That's more than the entire market cap of Ford. Buffett has been shaving Apple for years now, methodically turning a concentrated bet into something merely enormous, and the stock gained 9% in 2025 while the S&P 500 ran ...

April live cattle (LEJ26) futures present a buying opportunity on more price strength. See on the daily bar chart for April live cattle futures that prices are trending higher and Tuesday closed at a nearly four-month high close. Bulls have the firm near-term technical advantage. More News from Barchart Fundamentally, U.S. consumer demand for beef remains strong, while at the same time the U.S. cattle inventory in feedlots is at a 75-year low. That’s a bullish recipe that suggests more price upside for ...

Core Insights - The CEO of C.H. Robinson, Dave Bozeman, emphasizes that the company is a disruptor in the logistics industry, not a victim of the AI hype [2][5] - A recent claim by Algorhythm Holdings about significant advancements in AI for freight logistics led to a sharp decline in the stock prices of logistics companies, including C.H. Robinson [3][4] - Despite the market reaction, C.H. Robinson has been a leader in AI adoption within transportation logistics, contributing to its recent stock performance [5][6] Company Performance - C.H. Robinson experienced a 14.5% drop in stock price, marking its largest one-day percentage loss in over six years due to market panic [5] - The company has maintained strong growth rates even amid a freight recession, showcasing resilience in its operations [6] - Analysts remain optimistic about C.H. Robinson's future performance, with positive sales and profit estimates for the next two years [7] Leadership and Strategy - Bozeman has been at the helm of C.H. Robinson for over two years, focusing on leveraging AI to enhance operating profits [6] - The leadership is confident about the company's trajectory, expressing excitement for upcoming developments in the next two years [7]

Key Takeaways Many teachers who save for retirement don't know a lot about their pension plans, which makes it hard for them to tell whether they’re truly on track. State support for teacher pensions varies widely, which means two teachers in two different states can have very different levels of retirement security. High fees in 403(b) plans and low salaries make it difficult for teachers to build savings on top of their pensions, though lower-cost options are available. It's true that every teac ...

Bitcoin (BTCUSD)-related stocks have never been an exception; they ride a roller coaster just like every other stock. With so many short sellers in the mix, it can get even crazier, where abrupt rallies can occur, and you have the bulls and the bears taken by surprise. The company that is getting buzz presently is Bit Digital (BTBT). It is considered one of the shortest crypto stocks on the market, though it has a market capitalization close to $2 billion. Shortly in late January, nearly a fifth of his st ...

Group 1 - The software trade, particularly in cybersecurity, is experiencing pressure, exemplified by Palo Alto Networks (PANW) shares falling by up to 6% after the company revised its full-year earnings outlook downward [1] - As of February 13, 74% of S&P 500 companies have reported their results, with blended earnings growth at 13.2%, indicating a strong performance overall [1] - If the current growth rate of 13.2% is maintained, it would mark the 10th consecutive quarter of annual earnings growth for the S&P 500 and the fifth consecutive quarter of double-digit growth [2] Group 2 - General Mills (GIS) shares declined following disappointing earnings, while eToro (ETOR) saw a stock increase of over 20% due to a strong quarterly performance [2] - Upcoming earnings reports from major companies such as Walmart (WMT), Deere & Co. (DE), Analog Devices (ADI), Booking Holdings (BKNG), DoorDash (DASH), and eBay (EBAY) will be closely monitored by investors [3]

Core Insights - Sabre is positioning itself as an "AI-native" company, leveraging its extensive travel data and proprietary capabilities to enhance its marketplace and support agentic AI solutions [6][4][5] Company Developments - Virgin Australia is the first airline to implement Sabre's Concierge IQ solution, which can manage complex inquiries and tasks like rebooking and refunds, and is also available through a ChatGPT plugin for other travel partners [1] - BizTrip, an AI-native travel management company, is utilizing Sabre's travel marketplace and APIs to streamline corporate travel processes, with a conversational interface planned for launch in Q2 2026 [2] - Sabre's executives highlighted the launch of agentic APIs and a multi-channel platform designed for large language model (LLM) consumption, indicating a significant shift in travel commerce [3] Financial Performance - In Q4 2025, Sabre reported a 3% year-over-year increase in total revenue, with distribution revenue rising by $27 million (5%) due to higher bookings and favorable rates [8] - The company's normalized adjusted EBITDA for Q4 2025 was $119 million, reflecting a 10% year-over-year increase, with a margin expansion of 107 basis points to 18% [9] - For the full year, Sabre's revenue reached $2.8 billion, a 1% increase year-over-year, with normalized adjusted EBITDA of $536 million, also up 10% [10] Strategic Initiatives - Sabre has made significant progress in deleveraging, paying down over $1 billion in debt during 2025, resulting in a pro forma net leverage decline of approximately 25% [12] - The company anticipates mid-single-digit volume and revenue growth for 2026, driven by share gains and new solutions, with IT solutions revenue expected to grow in the same range [14] - Sabre's leadership changes include the promotion of Garry Wiseman to President of Product and Engineering, indicating a focus on innovation and AI [13] Future Outlook - For 2026, Sabre expects pro forma adjusted EBITDA of approximately $585 million, while maintaining flat technology and SG&A expenses through an inflation offset program [15] - The company projects negative free cash flow of $70 million for 2026, primarily due to restructuring costs, but anticipates near breakeven cash flow excluding these costs [16] - Management is optimistic about mid-single-digit revenue growth in 2027, with sustained adjusted EBITDA growth and positive free cash flow expected [17]

Core Insights - The company reported a mixed performance in Q4, with total revenue down 0.4% year over year, while the building materials segment showed growth and margin expansion [4] - Adjusted EBITDA for building materials was $705 million, up 4.9% year over year, attributed to volume growth and pricing improvements [2] - The company anticipates revenue growth of 4% to 6% and adjusted EBITDA growth of 8% to 11% for 2026, including contributions from the pending PB Materials acquisition [6][15] Financial Performance - Building envelope revenue was $678 million in Q4, down 11.8% year over year, primarily due to weaker residential roofing demand [1] - Building materials revenue was approximately $2.2 billion, up 3.9%, driven by higher cement and aggregates volumes [4] - The company reported full-year revenue of $11.8 billion, up 0.9%, and adjusted EBITDA of $3.0 billion for 2025 [5] Market Demand - Data centers are highlighted as a key growth driver, with the company supporting over 30 data center projects in 2025 [7] - The commercial market is improving, expected to benefit from lower interest rates and increased investments in advanced manufacturing and logistics [8] - Residential markets remain soft, with expectations for gradual demand recovery later in the year [9] Investments and Acquisitions - The company invested $788 million in 2025 and plans to increase this to $900 million in 2026, focusing on capacity expansion and distribution capabilities [10] - The acquisition of PB Materials is expected to add over $180 million in annual revenue and is anticipated to be EPS and cash accretive in 2026 [11] Cash Flow and Balance Sheet - The company generated $1.5 billion in cash flow for 2025, reflecting a 49% cash conversion rate [5] - Net debt at year-end was approximately $3.3 billion, down more than $1.5 billion from the previous quarter, with nearly $6 billion in available liquidity [13] Shareholder Returns - A $1 billion share repurchase program has been approved, along with a proposed special one-time dividend of $0.44 per share and an annual ordinary dividend of $0.44 per share [14] 2026 Outlook - The company expects low single-digit increases in cement pricing and mid-single-digit increases in aggregates pricing for 2026 [16] - Management is targeting 70 basis points of margin expansion in 2026 through the Aspire cost and efficiency program, aiming for $250 million in full synergies by 2028 [17]

Core Insights - Verisk reported another quarter of double-digit growth, driven by contract expansions, solid renewals, and new client acquisitions, with strong interest in Verisk Synergy Studio ahead of its planned launch in 2026 [1] - Subscription revenue, a key indicator of business health, represented 84% of total fourth-quarter revenue, growing 7.7% on an OCC basis [3] - The company expects continued subscription-led growth and expanding adoption of AI-enabled products in claims workflows [7] Financial Performance - Fourth-quarter GAAP revenue was $779 million, up 5.9% year over year, while net income was $197 million, down 6.2% [5] - Organic constant currency (OCC) revenue growth for 2025 was 6.6%, with OCC adjusted EBITDA growth of 8.5% [6] - Fourth-quarter OCC adjusted EBITDA grew 6.2%, with an adjusted EBITDA margin of 56.1%, up 200 basis points year over year [11] Revenue Breakdown - Transactional revenue, which represented 16% of total revenue, declined 6.5% OCC in the fourth quarter, primarily due to lower volumes in property estimating solutions [9] - The decline in transactional revenue was largely tied to storm-related comparisons and a conversion of some transactional revenue to subscription revenue [10] Portfolio Management - Verisk terminated its agreement to purchase AccuLynx and sold Verisk Marketing Solutions as part of ongoing portfolio management [15] - The company redeemed $1.5 billion of senior notes related to the terminated AccuLynx acquisition [16] AI and Product Development - AI is a major area of client discussion and product investment, with over 35 AI-powered projects currently in use [17] - New claims products showcased include XactXpert, XactAI, and XactGen, with expected revenue guidance for 2026 between $3.19 billion and $3.24 billion [18] Future Guidance - The first quarter of 2026 is expected to be a "trough" for reported revenue dollars and growth rates, with anticipated low single-digit percentage decline compared to fourth-quarter 2025 [19] - Verisk plans to provide more detail on strategy and business drivers at its Investor Day on March 5 [20]

Core Insights - Perion Network reported a significant business reset and early results from its "Perion One" strategy, positioning itself as an AI-native execution infrastructure for digital advertising [5] Financial Performance - For Q4, GAAP net income was $8 million, or $0.19 per diluted share, while non-GAAP net income was $21.4 million, or $0.49 per diluted share [1] - Full-year 2025 revenue reached $439.9 million, with Contribution ex-TAC at $203.4 million and Adjusted EBITDA of $45.2 million, reflecting a 22% margin [6] - The company generated $41.9 million in cash from operations for 2025, a 504% year-over-year increase, and Adjusted free cash flow was $40.2 million, up 142% [7] Strategic Initiatives - CEO Tal Jacobson emphasized 2025 as a defining year for Perion, focusing on building Perion One as a centralized platform for marketers through technology integration and strategic partnerships [4] - The company launched new partnerships with Amazon, Walmart, and Mastercard to enhance its advertising capabilities [8][9] Revenue Mix and Growth Engines - Advertising Solutions revenue increased by 7% year-over-year in Q4, while web revenue declined by 17% year-over-year in Q4 and 13% for the full year [7] - CTV revenue grew by 59% in Q4 and 42% for the full year, reaching $62.1 million, while digital out-of-home revenue increased by 28% in Q4 and 36% for the full year, totaling $94.9 million [8] Future Guidance and Targets - For full-year 2026, Perion guided to Contribution ex-TAC of $215 million to $235 million and Adjusted EBITDA of $50 million to $54 million, factoring in a gradual decline in search and legacy activities [12] - Management set ambitious targets for 2028, including a performance spend CAGR of at least 25%, Contribution ex-TAC CAGR of at least 20%, and Adjusted EBITDA margins reaching 28% of Contribution ex-TAC [14]