Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Siemens Energy should not 'squander' wind division, investor Deka says February 26, 20269:01 AM UTCUpdated ago By Reuters A logo is seen at Siemens Energy's site in Muelheim an der Ruhr, Germany, August 3, 2022. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights, opens new tab FRANKFURT, Feb 26 (Reuters) - Siemens Energy should not sell its wind division below value, a top-20 shareho ...

Core Viewpoint - AT&T has reached a settlement regarding a lawsuit from four New York City pension funds, allowing shareholders to vote on the disclosure of workforce diversity data [1] Group 1: Lawsuit Settlement - The lawsuit was initiated by four New York City pension funds to prevent AT&T from soliciting shareholder proxies that would exclude a diversity proposal from the 2026 annual meeting [1] - New York City Comptroller Mark Levine announced the settlement, which permits shareholders to vote on the breakdown of AT&T's 133,000-person workforce by race, ethnicity, and gender [1]

Group 1 - U.S. software stocks experienced a rebound due to partnerships with AI startup Anthropic, which announced the development of new tools for investment banking, wealth management, and HR tasks [1][1][1] - Shares of partners such as LSEG, FactSet, Salesforce's Slack, and DocuSign rose between 0.4% and 5.3%, while the S&P 500 software & services index increased by 1.4% and the iShares Expanded Tech-Software Sector ETF jumped 2.4% [1][1][1] - The software index had previously hit a 10-month low, following a selloff that erased approximately $1 trillion in market value, referred to as 'Software-mageddon' [1][1][1] Group 2 - Anthropic's Claude Code tool is expected to modernize programming languages on IBM systems, leading to a significant drop in IBM's shares, which later recovered by 3.5% [1][1][1] - Other companies like Intuit and Intapp also saw gains of 2.8% and 7.1% respectively after announcing separate partnerships with Anthropic [1][1][1]

SAN FRANCISCO, Feb 24 (Reuters) - Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key ‌areas of their work, weeks after other releases sparked an aggressive selloff ‌of traditional software company shares. The San Francisco-based startup said its plug-ins could now help with investment banking tasks ​like reviewing deals, wealth-management tasks such as portfolio analysis and human resource-related tasks such as making new-hire mate ...

Think if you read my post yesterday, I did say that I will break up my post into two. I wanted to look at some of the potential weakness areas. Why?Perhaps it is to sense if the underlying health of the US economy. If prices indicates future earnings, it also indicates future revenues and revenues come from spending. The second reason is also the believe that nothing stays shit forever: Some folks like to buy strong (momentum). Some have the aversion to expensive. So lets look at some distressed areas. The ...

Core Insights - The recent release of Anthropic's Claude Cowork and Claude Opus 4.6 has triggered a "repricing mode" across various sectors, leading to significant market volatility [1][4] - Companies that were previously valued highly are now facing skepticism regarding their future cash flows and competitive advantages, resulting in a reassessment of their valuations [5][10] - The market is questioning the sustainability of high margins and economic moats for many firms, particularly in the software and data sectors, as they transition towards more commoditized offerings [5][18] Market Dynamics - The market's reaction to new information often leads to either over-optimism or excessive pessimism, complicating investment decisions [2][3] - Companies like ZoomInfo, Fastly, and Teledoc have seen their valuations decline significantly compared to their peaks in 2020, raising concerns about their long-term viability [3][4] - The shift in market dynamics suggests that previously high-growth companies may need to adapt their business models to remain competitive [5][12] Valuation Considerations - High valuations based on future cash flows are now under scrutiny, as the market reassesses the ability of these companies to maintain their operating margins [5][10] - The transition from high-margin, asset-light models to more asset-heavy structures could negatively impact key financial metrics such as ROIC, ROA, and ROE [10][22] - Historical data indicates that companies undergoing significant asset growth often experience stock price declines, suggesting a need for caution in investment strategies [10][24] Sector Performance - A list of software and data companies has shown significant year-to-date declines, with some experiencing drawdowns of over 30% [21][22] - The performance of these companies contrasts sharply with their perceived economic moats just a few years ago, indicating a shift in investor sentiment [21][22] - The current market environment may favor asset-heavy companies that are less affected by the recent volatility and uncertainty [22][23] Long-term Trends - The article highlights the importance of recognizing that market trends can last longer or shorter than anticipated, emphasizing the need for adaptive investment strategies [24] - Valuation remains a critical factor in long-term investment success, with fewer companies demonstrating consistent quality over time [24][25] - The evolving landscape suggests that investors may need to reassess their portfolios to account for changing market dynamics and emerging opportunities [18][19]

Core Insights - LSEG is developing an on-chain settlement capability aimed at institutional market participants, which is part of its broader initiative to tokenize bonds and securities [2][6] Group 1: LSEG Digital Securities Depository (DSD) - The LSEG DSD will facilitate the connection between traditional and digital markets, enhancing interaction between existing settlement platforms and new digital infrastructures [2][6] - This initiative aims to improve efficiencies in collateral management and increase liquidity access across various asset classes, including fixed income and equities [6] Group 2: Strategic Partnerships and Ecosystem Development - LSEG is actively seeking strategic partners to provide feedback and support the development of its Digital Markets Infrastructure, which aims to create a seamless ecosystem for market participants [7] - The company has initiated the rollout of its blockchain-powered Digital Markets Infrastructure (DMI) platform, starting with private funds, and plans to expand it to include other asset classes [7][8] Group 3: Commitment to Market Access and AI Integration - LSEG is focused on improving access to private markets by streamlining workflows and enhancing distribution and liquidity [9] - The company has announced a collaboration with OpenAI to integrate its licensed financial data and analytics into ChatGPT, aiming to deliver AI-ready data across financial markets [9]

Group 1 - LSEG plans to develop an on-chain settlement service called the LSEG Digital Securities Depository to connect traditional and digital securities markets [1] - The service will facilitate trading and settlement of tokenized bonds, equities, and private market assets across multiple blockchain networks while remaining compatible with existing settlement platforms [1] - The first deliverable under this system is expected in 2026, pending regulatory approval [3] Group 2 - LSEG is under pressure from activist investor Elliott Management, which has acquired a stake in the company and is advocating for changes due to a more than 35% decline in the company's shares over the past year [2] - The company's stock has been affected by a broader selloff of global software stocks related to AI concerns, although it saw a slight increase of 0.9% on Thursday [2] Group 3 - Major British banks and financial institutions, including Barclays, Lloyds, NatWest Markets, Standard Chartered, and Brookfield, have expressed support for LSEG's initiative [4] - The initiative aims to create an ecosystem that allows participants to seamlessly transition between digital and traditional markets, accommodating various time zones and payment options [3]

Group 1 - An activist investor has acquired a stake in LSEG, indicating potential influence on company strategies [1] - The investor is expected to advocate for increased stock buybacks, which could enhance shareholder value [1] - There is an anticipated push for actions aimed at improving profit margins within LSEG [1]

ANNA: ANNA: IT IS WEDNESDAY THE 11TH. IT IS WEDNESDAY THE 11TH. GOOD MORNING EVEN. GOOD MORNING EVEN.ON OUR AGENDA TODAY. ON OUR AGENDA TODAY. AI IS COMING FOR WEALTH AI IS COMING FOR WEALTH MANAGEMENT.MANAGEMENT. WEAK RETAIL SALES SET THE STAGE WEAK RETAIL SALES SET THE STAGE FOR THE U.S. FOR THE U.S. JOBS REPORT. JOBS REPORT.TOM: TOM: THE ASIA PACIFIC UP 1% IN THE THE ASIA PACIFIC UP 1% IN THE SESSION TODAY. SESSION TODAY. UP ABOUT 12% YEAR TO DATE. UP ABOUT 12% YEAR TO DATE.THINK ABOUT THAT VS. THINK ABO ...