Group 1 - TD Cowen analyst Jason Gabelman raised the price target on Marathon Petroleum (MPC) to $198 from $183 while maintaining a Buy rating on the shares [1] - The firm's updated model reflects earnings that exceeded expectations due to refining gross margin aligning with historical capture [1] - First quarter 2026 throughput and operating expenses will be affected by turnarounds, but operations are expected to improve thereafter with lower year-over-year turnaround spending and future declines [1] Group 2 - Margins are anticipated to benefit from seasonality [1]

Core Insights - Snap (SNAP) reported fourth-quarter 2025 earnings of 3 cents per share, exceeding the Zacks Consensus Estimate of a loss of 2 cents, and up from earnings of 1 cent per share in the same period last year [1] - Revenues increased by 10.2% year over year to $1.72 billion, surpassing the Zacks Consensus Estimate by 1% [1] Revenue Breakdown - North America, accounting for 60% of total revenues, saw a 6% year-over-year increase to $1.03 billion [2] - Europe, representing 20% of revenues, experienced a 19% rise to $341 million [2] - Revenues from the Rest of World (ROW), also 20% of revenues, reached $350 million, up 16% year over year [2] - Average revenue per user (ARPU) rose 5% year over year to $3.62, with North America and Europe seeing increases of 12% and 20%, respectively [2] Subscription and User Engagement - Other revenues, primarily from Snapchat+ subscriptions, surged 62% year over year to $232 million, with an annualized run rate exceeding $928 million [3] - Snapchat+ subscribers reached 24 million, reflecting a 71% year-over-year growth [3] - Global daily active users (DAU) reached 474 million, a 5% increase year over year, although there was a loss of three million DAU quarter-over-quarter [4] Advertising Performance - Revenues from In-App Optimizations grew 89% year over year, driven by advancements in app models and new immersive formats [7] - Dynamic Product Ads revenues increased by 19% year over year, supported by large advertisers and a shift from static to dynamic solutions [7] - Sponsored Snaps click-through rates grew 7%, and click-through purchases increased 17% from Q3 to Q4 [8] Financial Metrics - Total active advertisers increased by 28% year over year, aided by improved onboarding and campaign workflows [10] - Cost of revenues rose 5% year over year to $702 million, while adjusted EBITDA increased by 29.6% to $358 million, with an adjusted EBITDA margin expansion of 3 percentage points to 21% [11] Cash Flow and Balance Sheet - As of December 31, 2025, cash, cash equivalents, and marketable securities totaled $2.9 billion, down from $3 billion as of September 30, 2025 [12] - Operating cash flow was $270 million, compared to $146 million in the prior quarter, and free cash flow was $206 million, up from $93 million [12] Future Guidance - For Q1 2026, Snap expects revenues between $1.56 billion and $1.6 billion, indicating a year-over-year growth of 9-12% [13] - The company projects adjusted EBITDA between $205 million and $245 million, with low double-digit revenue growth anticipated for 2026 and an adjusted EBITDA margin expansion of approximately 500 basis points compared to full-year 2025 [13]

分组1 - Hershey reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, but down from $2.69 per share a year ago, resulting in an earnings surprise of +21.74% [1] - The company achieved revenues of $3.09 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.98%, and up from $2.89 billion year-over-year [2] - Hershey has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 13.1% since the beginning of the year, significantly outperforming the S&P 500, which gained 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $1.93 on revenues of $3 billion, and for the current fiscal year, it is $7.06 on revenues of $12.02 billion [7] - The Food - Confectionery industry, to which Hershey belongs, is currently ranked in the top 2% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

分组1 - Cardinal Health reported quarterly earnings of $2.63 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, and up from $1.93 per share a year ago, representing an earnings surprise of +9.86% [1] - The company achieved revenues of $65.63 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.90%, and an increase from $55.26 billion year-over-year [2] - Cardinal has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates two times during the same period [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.78 on revenues of $62.78 billion, and for the current fiscal year, it is $10.04 on revenues of $259.68 billion [7] - The Medical - Dental Supplies industry, to which Cardinal belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

分组1 - XPO reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, but down from $0.89 per share a year ago, representing an earnings surprise of +16.25% [1] - The company achieved revenues of $2.01 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.47% and up from $1.92 billion year-over-year [2] - XPO has outperformed the S&P 500 with a 32.1% increase in shares since the beginning of the year, compared to the S&P 500's gain of 0.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $2 billion, and for the current fiscal year, it is $4.27 on revenues of $8.36 billion [7] - The Transportation - Truck industry, to which XPO belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Another trucking company, Saia, is expected to report quarterly earnings of $1.90 per share, reflecting a year-over-year decline of -33.1%, with revenues projected at $780.61 million, down 1.1% from the previous year [9][10]

Core Insights - MasterCraft Boat Holdings, Inc. reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing a significant increase from $0.10 per share a year ago, resulting in an earnings surprise of +77.59% [1] - The company achieved revenues of $71.76 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.71% and increasing from $63.37 million year-over-year [2] - MasterCraft's stock has increased by approximately 22.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.40 on revenues of $83.68 million, and for the current fiscal year, it is $1.24 on revenues of $301.1 million [7] Industry Context - The Leisure and Recreation Products industry, to which MasterCraft belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - Thoma Bravo has successfully completed the acquisition of Dayforce for approximately $12.3 billion, marking a significant transaction in the market [1]. Group 1: Acquisition Details - The acquisition agreement for Dayforce was initially announced on August 21 [1]. - The transaction received approval from Dayforce stockholders during a special meeting held on November 12 [1]. - Dayforce stockholders will receive $70.00 in cash for each share of common stock they owned [1]. Group 2: Market Impact - Following the completion of the acquisition, Dayforce's common stock has ceased trading [1]. - The stock will be delisted from both the New York Stock Exchange and the Toronto Stock Exchange [1].

Lawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management. He also manages the Focused Growth portfolio on the new fintech platform called Dub, which is the first copy-trading platform approved by securities regulators in the US, allowing retail investors to copy the po ...

Fidelity Investments, an investment management company, recently released its “Fidelity Growth Strategies Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fidelity Growth Strategy is a diversified equity strategy aimed at domestic midcap growth stocks. The approach focuses on identifying quality companies that deliver steady above-average growth and can outperform over time. The Fund (Retail Class shares) returned -3.44% in the quarter compared to the benchmark Ru ...

PresentationTheunis Eloff Ladies and gentlemen, welcome to this 25th Annual General Meeting of Astral Foods Limited. Pleasure and welcome you. My name is Theunis Eloff, Chairman of the Board. And in terms of the memorandum of incorporation, I preside as Chairman. The Secretary informs me that the necessary quorum is present, and I declare this meeting properly constituted. I suggest that the notice convening this meeting, which has been circulated and a copy of which is before you be taken as read. Is that ...