Core Viewpoint - Elastic is preparing to present at an investor conference to highlight its strategic initiatives, financial health, and future growth plans, which could significantly influence investor sentiment and stock price [1] Group 1: Financial Performance - Morgan Stanley has set a price target of $80 for Elastic (ESTC), indicating a potential price increase of about 31.08% from its current price of $61.03 [2] - The stock currently trades at $61.55, reflecting a slight increase of 0.85% or $0.52 [2] - Elastic's market capitalization is approximately $6.49 billion, with a trading volume of 557,374 shares, indicating the company's size and investor interest [4] Group 2: Stock Volatility - The stock's trading range today has been between $60.05 and $62.31, indicating some volatility [3] - Over the past year, ESTC has experienced a high of $117.49 and a low of $56.70, showcasing its fluctuating nature [3]

Core Viewpoint - Deere & Company reported strong first-quarter earnings and revenue, exceeding analyst expectations and raising its full-year profit forecast, leading to a significant increase in share price [1]. Financial Performance - The company achieved a first-quarter net income of $656 million, or $2.42 per share, surpassing analyst estimates of $2.02 per share [2]. - Revenue increased by 13% year over year to $9.61 billion, significantly above the consensus estimate of $7.59 billion [2]. - Despite the revenue growth, net income declined by 25% compared to $869 million, or $3.19 per share, reported in the same quarter a year earlier [2]. - Deere raised its fiscal 2026 net income guidance to a range of $4.5 billion to $5.0 billion [2]. Segment Performance - The Small Agriculture & Turf segment saw sales increase by 24% to $2.17 billion, with operating profit surging by 58% to $196 million [3]. - The Construction & Forestry segment also experienced strong growth, with sales rising by 34% to $2.67 billion and operating profit more than doubling to $137 million [3].

Core Insights - Etsy reported fourth-quarter earnings that exceeded Wall Street expectations on earnings per share, while revenue slightly missed forecasts. The stock surged over 11% intra-day following the announcement of the sale of Depop to eBay for $1.2 billion in cash [1] Financial Performance - The company posted earnings per share of $0.92, surpassing analyst estimates of $0.85. Revenue reached $881.6 million, reflecting a year-over-year increase of 6.6% when excluding Reverb from the prior-year period, but was marginally below the consensus estimate of $884.14 million [2] - Adjusted EBITDA was reported at $222.5 million, resulting in a consolidated adjusted EBITDA margin of approximately 25.2%. Gross merchandise sales (GMS) totaled $3.59 billion, marking a 2.4% year-over-year increase, or 1.3% growth on a currency-neutral basis when excluding Reverb. The quarterly take rate was 24.5% [3] Future Guidance - Looking ahead, Etsy provided guidance for first-quarter 2026 GMS in the range of $2.38 billion to $2.43 billion, with an expected adjusted EBITDA margin of roughly 28% to 30%. The company also forecasted a first-quarter take rate of approximately 25.5% [4]

Core Viewpoint - Walmart's full-year earnings outlook for fiscal 2027 is below Wall Street expectations, citing "substantial uncertainty" from various economic factors [1] Group 1: Earnings Outlook - Walmart guided for fiscal 2027 adjusted earnings per share between $2.75 and $2.85, below Bloomberg consensus estimates of $2.97 [1] - For the first quarter, Walmart projected adjusted earnings of $0.63 to $0.65 per share, compared to Wall Street expectations of $0.69 [1] Group 2: Fourth Quarter Performance - In the fourth quarter, Walmart reported adjusted earnings of $0.74 per share on revenue of $190.66 billion, slightly exceeding analyst forecasts of $0.73 per share and $190.58 billion in revenue [2] - The performance indicates that U.S. economic growth is primarily driven by higher-income households and corporations, while lower-income consumers face challenges from elevated living costs and a softer labor market [2] Group 3: Sales and E-commerce Growth - Comparable sales at Walmart's U.S. stores increased by 4.6%, excluding fuel, during the 13 weeks ended January 30, supported by spending from higher-income households [3] - E-commerce accounted for a record 23% of total sales, driven by demand for faster delivery services [4] - Walmart has partnered with OpenAI and Google to enhance operational efficiencies and improve the digital shopping experience [4] Group 4: Membership Fee Income - Membership fee income declined by 11.2%, attributed to a comparison against prior-year proceeds from an insurance recovery [4]

Core Insights - Wayfair Inc. reported fourth-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of $0.85 compared to the estimate of $0.68, but shares fell over 10% intra-day due to cautious investor sentiment [1] Financial Performance - Revenue for the fourth quarter totaled $3.3 billion, which was in line with consensus estimates and represented a year-over-year increase of 6.9% [1] - U.S. net revenue increased by 7.4% to $2.9 billion, while international revenue rose by 3.7% to $395 million; excluding the impact of exiting Germany, total net revenue would have grown by 7.8% year over year [2] - The company recorded a net loss of $116 million, or $0.89 per diluted share, an improvement from a net loss of $128 million, or $1.02 per share, in the prior-year quarter [2] - Non-GAAP adjusted EBITDA reached $224 million, more than double the $96 million reported in the fourth quarter of 2024 [2] Customer Metrics - Active customers totaled 21.3 million at the end of the quarter, reflecting a decline of 0.5% year over year [3] - Average order value increased to $301 from $290, and net revenue per active customer rose by 5.6% to $586 [3] Annual Performance - For the full year 2025, Wayfair reported total net revenue of $12.5 billion, up 5.1% from 2024, with a net loss of $313 million [3] - Operating cash flow reached $534 million, while free cash flow totaled $329 million for the year [3]

Core Viewpoint - UBS has lowered its price target on Moody's Corp to $490 from $515 while maintaining a Neutral rating, indicating a cautious outlook despite recent performance improvements [1] Group 1: Financial Performance - Moody's shares have outperformed following a solid quarterly report and constructive fiscal 2026 guidance, with the core ratings business expected to deliver high-single-digit revenue growth [1] - The outlook for Moody's core ratings business is viewed as stronger than that of S&P Global, suggesting potential for upside if capital markets remain supportive [1] Group 2: Segment Analysis - Moody's Analytics has shown mixed results relative to medium-term targets, although the company has undertaken selective divestitures to enhance growth prospects for this segment [2] Group 3: Competitive Positioning - Moody's is considered relatively insulated from artificial intelligence-related disruption risks that have affected parts of the information services sector, positioning it as a high-quality franchise with a favorable growth profile [3] - Despite its strong positioning, Moody's valuation trades at a meaningful premium to peers, which may limit its relative risk-reward attractiveness [3]

Core Viewpoint - UBS has raised its price target on Carter's to $40 from $33 while maintaining a Neutral rating, indicating a positive outlook based on operational improvements under new CEO Doug Palladini [1] Group 1: Earnings Guidance - Carter's fiscal 2026 earnings per share guidance aligns broadly with market expectations, with risks slightly skewed to the upside [1] - UBS believes that if operational improvements continue, Carter's could return to approximately $6.20 in earnings per share over time, compared to an estimated $3.25 for fiscal 2025 [2] Group 2: Valuation and Market Sentiment - The current stock valuation is approximately 13 times forward earnings, which could expand if earnings improve as anticipated [2] - The options market is pricing in a potential move of plus or minus 7.0% around the earnings event, higher than the historical average move of 5.2%, suggesting modestly skewed volatility risk to the upside [3]

Palantir shares have slumped lately. Does that make them a deal? ...

Core Viewpoint - Apple is facing a lawsuit from West Virginia Attorney General JB McCuskey over allegations that iCloud is being used to store and distribute child sexual abuse material (CSAM), with claims that Apple has been aware of this issue for years and has not taken appropriate action [1][5]. Group 1: Allegations and Evidence - The lawsuit includes alleged iMessage conversations between Apple executives acknowledging the presence of CSAM on iCloud as early as February 2020 [1][2]. - In these conversations, one executive reportedly stated that iCloud is "the greatest platform for distributing child porn" and suggested that Apple has chosen to remain ignorant of the extent of the CSAM issue [2]. - The number of CSAM reports made by Apple to the National Center for Missing and Exploited Children in 2023 was only 267, significantly lower than Google's 1.47 million and Meta's 30.6 million [3]. Group 2: CSAM Detection Tools and Encryption - The lawsuit claims that Apple failed to implement CSAM detection tools, including a proprietary scanning tool that was abandoned after an initial initiative in 2021 [4]. - Apple's Advanced Data Protection, which allows end-to-end encryption for photos and videos on iCloud, is alleged to hinder law enforcement efforts to identify and prosecute CSAM offenders [5]. - Apple has stated that its safety and privacy measures are designed with user protection in mind, including features like Communication Safety, which aims to protect children from CSAM content [6]. Group 3: Industry and Privacy Debate - The ongoing debate surrounding end-to-end encryption highlights the tension between privacy and security, particularly in relation to law enforcement and cybercrime [7]. - Privacy advocates have praised the introduction of encryption to iCloud, arguing that constant scanning for CSAM could lead to false positives and unwarranted investigations [8]. - The Electronic Frontier Foundation emphasized that blocking end-to-end encryption would undermine online security and privacy for all users, especially young people [9]. Group 4: Legal Context - The lawsuit was filed in the Circuit Court of Mason County, West Virginia, on February 19, 2024, following a class-action lawsuit in Northern California involving 2,680 plaintiffs who allege that Apple's inaction on CSAM scanning constitutes complicity in its distribution [10][11].

Core Insights - Deere & Co. shares have surged over 40% since the beginning of the year, reaching a new high after reporting earnings that exceeded analysts' expectations [1][1][1] Financial Performance - Deere reported earnings per share of $2.42 and revenue of $9.61 billion, reflecting a 13% year-over-year increase [1][1][1] - The company expects net income for the full year to be between $4.5 billion and $5 billion, an increase from the previous range of $4 billion to $4.75 billion [1][1][1] Market Drivers - The positive results were attributed to increased infrastructure spending and investments in AI data centers [1][1][1] - CEO John May noted a recovery in demand within the construction and small agriculture segments, despite ongoing challenges in the global large agriculture industry [1][1][1] Future Outlook - Deere anticipates that 2023 could mark the bottom of the current cycle, with expectations for stronger sales growth in 2027 and beyond [1][1][1] - Sales from the Production & Precision Agriculture segment are projected to decline by 5% to 10%, while small agriculture and construction sales are expected to rise by approximately 15% [1][1][1]