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Barrick Mining Corporation (B) Draws Mixed Views as UBS Cuts Target and CIBC Turns More Bullish
Yahoo Finance· 2026-02-09 13:24
Barrick Mining Corporation (NYSE:B) is included among 12 Unstoppable Dividend Stocks to Buy According to Analysts. Barrick Mining Corporation (B) Draws Mixed Views as UBS Cuts Target and CIBC Turns More Bullish Image by Csaba Nagy from Pixabay On February 6, UBS lowered its price target on Barrick Mining Corporation (NYSE:B) to $55 from $59, while maintaining a Buy rating on the stock. A few days earlier, on February 4, CIBC moved in the opposite direction. The firm raised its price target on Barrick t ...
Shell needs big discovery or deals as oil, gas reserves dwindle
Reuters· 2026-02-09 13:24
Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet... ...
Should You Be Bullish on Toll Brothers (TOL)?
Yahoo Finance· 2026-02-09 13:23
Pelican Bay Capital Management (PBCM), an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. PBCM Concentrated Value Strategy returned 8.5% in the quarter, compared to a 3.8% return for the Russell 1000 Value Index. The robust performance of AI-related stocks and commodities exposure drove the Strategy’s performance in the quarter. For the full year, the Strategy returned 20.6% compared to 15.9% for the Index. The firm seeks to inve ...
Why Kyndryl's stock is sinking after earnings
MarketWatch· 2026-02-09 13:23
Core Viewpoint - Kyndryl's stock is experiencing a significant decline due to an accounting investigation, a change in the chief financial officer, and a downward revision of financial guidance, leading to expectations of a revenue decline for the fiscal year [1] Financial Performance - Kyndryl anticipates a revenue decline of 2% to 3% on a constant-currency basis for the fiscal year ending in March, a shift from its previous forecast of 1% growth [1] Management Changes - The company has suddenly changed its chief financial officer, which is contributing to investor concerns and the stock's sharp decline [1] Accounting Issues - Kyndryl expects to report "material weaknesses" around its financial controls, which is a significant red flag for investors [1]
Public sector banks' profit grows 18% to record Rs 52,603 cr in Q3
Rediff· 2026-02-09 13:22
Banks which reported more than 20 per cent improvement in profit aside from SBI are Bank of Maharashtra with 27 per cent increase and Canara Bank with 26 per cent rise in their profits.Kindly note the image have only been published for representational purposes. Photograph: Ajay Verma/Reuters Key PointsSBI alone contributed 40% to the total earningsIndian Overseas Bank reported the highest net profit growth of 56%For the nine months ended December 2025, the aggregate profit of PSBs crossed Rs 145,000 crore ...
Transocean to Acquire Valaris in $5.8 Billion Deal
WSJ· 2026-02-09 13:22
Core Viewpoint - Transocean has agreed to acquire Valaris in an all-stock transaction valued at $5.8 billion [1] Company Summary - The acquisition will enhance Transocean's position in the offshore drilling services market [1] - Valaris is a fellow offshore drilling services company, indicating a strategic consolidation within the industry [1] Financial Summary - The deal is structured as an all-stock transaction, which may impact the financial metrics of both companies [1] - The total value of the acquisition is $5.8 billion, reflecting significant investment in the offshore drilling sector [1]
Sliding sales, impairment charges push Hain Celestial to Q2 loss
Yahoo Finance· 2026-02-09 13:21
Hain Celestial today (9 February) booked widening second-quarter losses amid falling sales and the recording of impairment charges in the US and the UK. The Celestial Seasonings tea and Earth's Best baby food owner posted a net loss of $116m for the three months to the end of December. A year earlier, the US-based group ran up a quarterly loss of $104m. Second-quarter net sales dropped 7% to $384.1m amid a 7% decline in organic sales. In North America, Hain Celestial’s organic net sales fell 10%. The c ...
Edgewell Personal Care (EPC) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2026-02-09 13:20
Core Insights - Edgewell Personal Care (EPC) reported a quarterly loss of $0.16 per share, which was better than the Zacks Consensus Estimate of a loss of $0.18, representing an earnings surprise of +11.11% [1] - The company posted revenues of $422.8 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 12.15% and down from $478.4 million year-over-year [2] - The stock has increased by approximately 21.7% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $588.06 million, while for the current fiscal year, the estimate is $2.33 on revenues of $2.26 billion [7] - The estimate revisions trend for Edgewell Personal was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Consumer Products - Staples industry, to which Edgewell belongs, is currently in the bottom 30% of the Zacks Industry Rank, suggesting that stocks in this category may underperform compared to those in the top 50% [8]
Here’s What Hurt Builders FirstSource (BLDR) in Q4
Yahoo Finance· 2026-02-09 13:20
Core Insights - Pelican Bay Capital Management (PBCM) reported a strong performance for its Concentrated Value Strategy, achieving an 8.5% return in Q4 2025, outperforming the Russell 1000 Value Index which returned 3.8% [1] - The full-year return for the Strategy was 20.6%, compared to 15.9% for the Index, driven by AI-related stocks and commodities exposure [1] Company Performance - Builders FirstSource, Inc. (NYSE:BLDR) was highlighted as an underperformer in PBCM's Q4 2025 investor letter, with a one-month return of 0.27% and a 52-week loss of 20.10% [2][3] - As of February 6, 2026, Builders FirstSource, Inc. had a stock price of $124.42 and a market capitalization of $13.758 billion [2] Market Sentiment - Elevated mortgage rates and a slowdown in new home sales negatively impacted investor sentiment towards homebuilding companies, including Builders FirstSource and Toll Brothers, which were among the bottom five detractors for PBCM [3] - Despite current challenges, PBCM remains bullish on the long-term prospects for the homebuilding sector, citing a housing shortage and significant discounts to intrinsic values as positive indicators [3] Hedge Fund Interest - Builders FirstSource, Inc. was held by 72 hedge fund portfolios at the end of Q3 2025, a slight decrease from 74 in the previous quarter, indicating a stable but cautious interest among hedge funds [4] - PBCM suggests that while Builders FirstSource has potential, certain AI stocks may offer greater upside potential with less downside risk [4]
Elon Musk Says You Don’t Need To Worry About Saving for Retirement
Yahoo Finance· 2026-02-09 13:20
Group 1: AI and Future Workforce - Elon Musk predicts that AI will become so advanced that saving for retirement will become irrelevant, suggesting a complete transformation of the workforce by 2030 [1] - Musk believes that by 2030, AI will exceed the intelligence of all humans combined, leading to significant changes in employment and economic structures [1] Group 2: Cost of Goods and Services - Musk claims that the future will see "tens of billions of robots" providing goods and services at nearly no cost, which he views as a revolutionary change [2] - However, finance experts express skepticism about the feasibility of this vision, arguing that while automation may lower costs in some areas, it will not necessarily make essential services like healthcare free [3][4] Group 3: Access and Economic Stability - Experts highlight that even if services become cheaper, access to these services will still depend on various factors, including technology control and distribution [3] - The notion that everything will be free overlooks critical issues such as access and the stability of government policies [3] Group 4: Importance of Retirement Planning - Financial advisors emphasize that despite advancements in technology, traditional retirement planning remains crucial, as technology alone will not resolve issues like housing and healthcare costs [4][5] - Saving for retirement is framed as a realistic approach to ensure financial security, rather than a pessimistic view against technological progress [5][6]