Market Overview - The U.S. stock markets closed on January 1st, 2026, for New Year's Day, following a four-day losing streak after a strong year in 2025 driven by optimism around artificial intelligence and a resilient economy [1] - The final trading day of 2025 saw U.S. stocks close lower, extending a post-Christmas pullback and dampening hopes for a "Santa Claus Rally" [2] Index Performance - The Dow Jones Industrial Average (DJI) fell by 0.6% to close at 48,063.29, marking a 94.87-point decline, but concluded 2025 with a 13% annual gain [3] - The S&P 500 (SPX) dropped 0.7% to finish at 6,845.50, a decrease of 50.74 points, yet posted a robust 16.4% gain for 2025, marking its third consecutive year of double-digit returns [3] - The Nasdaq Composite (IXIC) led declines, falling 0.8% to 23,241.99, but finished 2025 with a 20.4% rally, largely driven by excitement surrounding artificial intelligence [4] Volatility Index - The CBOE Volatility Index (VIX) increased by 0.9% to 14.33, reflecting underlying caution among investors as they transition into the new year [5] Corporate Developments - Nike (NKE) shares advanced by 4.1% after CEO Elliott Hill purchased approximately $1 million worth of stock, signaling insider confidence [7] - Corcept Therapeutics (CORT) stock plunged after the FDA did not approve its hypercortisolism treatment, highlighting risks in pharmaceutical development [7] - Ares Management Corporation (ARES) shares fell 3.4%, marking it as one of the major losers in the S&P 500 [7] - Micron Technology (MU) was down 2.5% on the final trading day but surged 239% over the year due to advancements in AI [7] - Nvidia (NVDA) finished 2025 up 39% with a valuation of $4.55 trillion, while Alphabet (GOOGL) climbed 65% and Advanced Micro Devices (AMD) rose 77% [7] - Lundin Mining Corporation (LUN) completed its share buyback program for 2025, reducing its issued and outstanding shares [7] - Amplify Energy Corp. (AMPY) closed an amended revolving credit facility, extending its maturity to December 31, 2028 [7] - Mercantile Bank Corporation (MBWM) completed its merger with Eastern Michigan Financial Corporation to enhance its presence in Michigan [7] - TransDigm Group Incorporated (TDG) entered into an agreement to acquire Stellant Systems, Inc. for approximately $960 million in cash [7] - SoftBank Group Corp. completed a $22.5 billion investment in OpenAI, increasing its ownership interest to approximately 11% [7] Upcoming Economic Data - Investors will monitor key economic indicators and corporate earnings reports as markets prepare to reopen, with initial jobless claims and construction data expected on January 2nd [8] - The week will include significant reports such as the ISM Manufacturing Index, ADP National Employment Report, and the Employment Situation report, which are crucial for assessing economic health [11]

Core Insights - Amplify Energy Corp. (NYSE:AMPY) has seen a price increase of over 33% since the release of its fiscal second quarter results on August 6, 2025 [1] Financial Performance - The company reported a revenue of $68.36 million, which represents a 14.01% decrease year-over-year and fell short of expectations by $154,000 [2] - Earnings per share (EPS) was $0.15, exceeding consensus estimates by $0.05 [2] Strategic Focus - Management is concentrating on simplifying the portfolio, increasing oil weighting, reducing debt, lowering operating costs, and streamlining the organization [2] - The company is pursuing divestitures of assets in East Texas and Oklahoma, and has completed the sale of non-operated Eagle Ford assets for $23 million [2] Analyst Ratings - Following the earnings release, Poe Fratt from Alliance Global Partners maintained a Buy rating on Amplify Energy Corp. with a price target of $6 [3] - Amplify Energy is characterized as an independent oil and natural gas company focused on acquiring, developing, and producing oil and natural gas properties in key US regions [3]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Top KingWin Ltd (WAI) has increased by 79% to $5.68 - Robo.ai Inc. (AIIO) is up 16% at $2.84 - Amplify Energy Corp. (AMPY) has risen by 12% to $6.53 - Diginex Limited (DGNX) is up 9% at $14.50 - MasterBrand, Inc. (MBC) has increased by 9% to $14.15 - GLOBALFOUNDRIES Inc. (GFS) is up 8% at $35.69 - Crinetics Pharmaceuticals, Inc. (CRNX) has risen by 7% to $38.50 - Aquestive Therapeutics, Inc. (AQST) is up 7% at $5.68 - American Woodmark Corporation (AMWD) has increased by 6% to $69.40 - NLS Pharmaceutics AG (NLSP) is up 5% at $2.17 [3] Premarket Losers - Concentrix Corporation (CNXC) has decreased by 21% to $43.05 - N2OFF, Inc. (NITO) is down 20% at $4.40 - SciSparc Ltd. (SPRC) has fallen by 16% to $5.11 - Legacy Education Inc. (LGCY) is down 13% at $10.68 - DarioHealth Corp. (DRIO) has decreased by 12% to $11.99 - AlphaTON Capital Corp. (ATON) is down 12% at $5.50 - SHF Holdings, Inc. (SHFS) has fallen by 10% to $6.20 - Fusion Fuel Green PLC (HTOO) is down 8% at $4.55 - Linkage Global Inc (LGCB) has decreased by 8% to $2.19 - PepGen Inc. (PEPG) is down 7% at $5.42 [4]

Core Viewpoint - Loomis Sayles Small/Mid Cap Growth Fund underperformed the Russell 2500 Growth Index in Q2 2025, returning 8.49% compared to the index's 11.31% due to security selection issues in the consumer discretionary and financials sectors [1] Fund Performance - The fund experienced a challenging quarter starting with high policy uncertainty but ended with the S&P 500 reaching an all-time high [1] - The fund's performance lagged behind its benchmark, indicating potential areas for improvement in investment strategy [1] Company Focus: Flowco Holdings Inc. - Flowco Holdings Inc. (NYSE:FLOC) was highlighted as a significant detractor from the fund's performance, with a one-month return of -1.00% and a 12.29% decline over the last three weeks [2][3] - As of September 12, 2025, Flowco Holdings Inc. had a market capitalization of $1.43 billion, closing at $15.84 per share [2] - The company is positioned in the oilfield service sector, focusing on production optimization and methane abatement, which are seen as stable areas despite recent commodity price declines [3] Hedge Fund Interest - Flowco Holdings Inc. was held by 17 hedge fund portfolios at the end of Q2 2025, a decrease from 21 in the previous quarter, indicating a potential decline in interest among institutional investors [4] - The company is not currently among the 30 most popular stocks among hedge funds, suggesting a cautious outlook from the investment community [4]

Company Overview - Amplify Energy (NYSE: AMPY) recently sold its non-operated Eagle Ford assets for $23 million, which is considered a fair price based on an estimated valuation of 0.7x to 0.8x PD PV-10 at current strip prices, providing the company with additional liquidity [2]. Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a top-rated analyst on TipRanks. He co-founded a mobile gaming company that was acquired by PENN Entertainment and has designed in-game economic models for mobile apps with over 30 million combined installs [2].

Company Performance - Kimbell Royalty (KRP) reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, and showing a significant increase from earnings of $0.04 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $84.21 million for the quarter ended March 2025, which was 4.56% below the Zacks Consensus Estimate, but an increase from $82.23 million in the same quarter last year [2] - Over the last four quarters, Kimbell Royalty has surpassed consensus EPS estimates two times and topped consensus revenue estimates only once [2] Stock Performance and Outlook - Kimbell Royalty shares have declined approximately 26.8% since the beginning of the year, contrasting with the S&P 500's decline of 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $80.53 million, and for the current fiscal year, it is $0.30 on revenues of $332.35 million [7] Industry Context - The Oil and Gas - Royalty Trust - United States industry, to which Kimbell Royalty belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Kimbell Royalty's stock performance [5]

Murphy Oil (MUR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this oil and gas producer would post earnings of $0.56 per share when it actually produced earnings of $0.35, delivering a surprise of -37.50%.Over the last four quarters, the ...

Core Insights - Chord Energy Corporation reported quarterly earnings of $4.04 per share, exceeding the Zacks Consensus Estimate of $3.60 per share, but down from $5.10 per share a year ago, indicating an earnings surprise of 12.22% [1] - The company posted revenues of $1.22 billion for the quarter, missing the Zacks Consensus Estimate by 8.04%, but up from $1.09 billion year-over-year [2] - Chord Energy shares have declined approximately 22.8% year-to-date, contrasting with the S&P 500's decline of 3.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.50, with expected revenues of $1.23 billion, and for the current fiscal year, the EPS estimate is $11.03 on revenues of $5.11 billion [7] - The estimate revisions trend for Chord Energy is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Vitesse Energy (VTS) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 155.56%. A quarter ago, it was expected that this energy company would post earnings of $0.26 per share when it actually produced earnings of $0.18, delivering a surprise of -30.77%. Over the last four quarters, the ...

Core Viewpoint - Amplify Energy Corp. has announced the adjournment of its Special Meeting of Stockholders to May 1, 2025, to allow more time for stockholders to participate and vote on the proposed merger with Juniper Capital's upstream Rocky Mountain portfolio companies [1][2]. Group 1: Meeting Details - The Special Meeting will be reconvened on May 1, 2025, at 8:00 a.m. Central Time, and will be held virtually [1]. - The record date for the Special Meeting remains unchanged as March 3, 2025 [1]. - Stockholders must register in advance to attend the virtual meeting, with a deadline of April 30, 2025, at 8:00 a.m. Central Time [2]. Group 2: Voting Information - The Company encourages stockholders who have not yet voted to do so before the reconvened meeting [2]. - Stockholders who have already cast their votes do not need to take any action unless they wish to change or revoke their prior proxy or voting instructions [2]. - The Board of Directors recommends voting FOR the proposals outlined in the definitive proxy statement for the Special Meeting [3]. Group 3: Company Overview - Amplify Energy Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties [4]. - The Company's operations are primarily located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and the Eagle Ford (Non-op) [4].