Core Insights - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the best all-time high stocks to buy according to Wall Street [1] - Jefferies and UBS have both raised their price targets for Williams, indicating strong market confidence in the company's growth potential [1][2] Financial Performance - Williams reported Q4 adjusted EPS of $0.55, slightly below the consensus estimate of $0.57 [4] - The company achieved a record adjusted EBITDA of $7.75 billion in 2025, reflecting a five-year adjusted EBITDA CAGR of 9% and a five-year EPS CAGR of 14% [4][5] - For 2026, the adjusted EBITDA guidance is set at $8.2 billion at the midpoint, supported by pipeline transmission and offshore projects [5] Growth Projections - Jefferies expects Williams to deliver a 12% to 13% EBITDA compound annual growth rate through FY30, with a sustainable EBITDA trajectory of over 10% beyond 2030 [1] - UBS highlighted a power generation backlog of approximately $7.3 billion, which is expected to generate about $1.4 billion in annual EBITDA by 2029 [2] Business Segments - The Williams Companies operates energy infrastructure assets in the United States through various segments, including Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services [6]

FedEx Corporation (NYSE:FDX) is among the 11 Best All-Time High Stocks to Buy According to Wall Street. On February 13, 2026, Stifel analyst J. Bruce Chan raised the price target on FedEx Corporation (NYSE:FDX) to $412 from $328 and maintained a Buy rating after the company hosted an Investor Day outlining its mid-term strategic roadmap to 2029. J. Bruce Chan said FedEx is emerging from a turbulent stretch in the parcel market, shaped by 3.5 years of freight cycle softness, the post-COVID normalization of ...

Core Insights - CoStar Group, Inc. (NASDAQ:CSGP) is recognized as one of the 14 best real estate stocks to buy according to hedge funds [1] - Jefferies upgraded CoStar to Buy from Hold, setting a new price target of $67, down from $84, citing a compelling entry point due to ongoing investor debate around Homes.com [2] - The company is expected to see strong long-term growth, with adjusted EBITDA projected to triple to $2.4 billion by 2030 and margins expanding to 36% [2] Industry Outlook - CoStar's forecast for the US retail market remains largely unchanged through 2026, with retail vacancy expected to rise slightly before declining later in the year and into 2027 [3] - Store closures are anticipated to increase in the first half of 2026, driven by uneven retail sales trends prompting some tenants to reduce their store footprint [4] - Full-year net absorption for retail space is projected to be just over 16 million square feet, marking the third weakest year for retail space demand in the past decade, only ahead of 2020 and 2025 [4] Company Overview - CoStar Group, Inc. is a global leader in commercial real estate information, analytics, and online marketplaces, focusing on digitizing real estate data to aid better property decisions [5]

Core Insights - Google has launched an infrastructure initiative called "US-India Connect" aimed at enhancing network connectivity across the US, India, Australia, and Africa through new submarine cables and terrestrial fiber lines [1][3] Group 1: Infrastructure Development - The initiative is part of Google's five-year $15 billion investment in AI infrastructure in India, focusing on building digital infrastructure and skill training to improve connectivity and reduce the risk of transitioning from a "digital divide" to an "AI divide" [1] - A new international submarine cable landing station will be established in Visakhapatnam on India's east coast, along with three new submarine cable routes connecting India to Singapore, South Africa, and Australia [3] - Google plans to construct a direct connection from Visakhapatnam to South Africa, integrating with existing Equiano and Nuvem cable systems to create a high-capacity redundant route from the US East Coast to Visakhapatnam [4] Group 2: Strategic Fiber Routes - In addition to the east coast developments, a new fiber route will be built from Mumbai to Western Australia, complementing existing TalayLink and Honomoana cable systems to form another South Pacific route from the US West Coast to Mumbai [4] - The new routes will enhance the resilience of India's digital backbone by making Visakhapatnam a significant international submarine cable landing station, complementing existing stations in Mumbai and Chennai [4] Group 3: Digital Skills Training - Alongside infrastructure development, Google is advancing a digital skills training program in collaboration with the Indian government's "Karmayogi Bharat" digital mission, aiming to provide scalable learning infrastructure for over 20 million public officials across 800 regions in India [5] - The partnership will leverage AI technology to enhance the learning experience on the iGOT Karmayogi online training platform, including digitizing historical training materials and supporting over 18 Indian languages for native language learning [5] - These investments are part of Google's ongoing efforts to promote AI accessibility in Africa, Australia, and the Pacific, with plans to continue collaborating with various partners to extend the benefits of AI to all [5]

Core Viewpoint - Analog chips have largely missed out on a broader semiconductor rally over the last two years, but this trend may be on the verge of changing [1] Industry Summary - The semiconductor industry has experienced a significant rally, yet analog chips have not participated in this growth [1] - There is an indication that the market dynamics for analog chips may be shifting, potentially leading to increased demand and investment opportunities [1]

岁序更替，万象更新。农历马年春节已至，回望刚刚过去的2025年，中国资本市场在波动与修复中不断 寻找新的平衡点；展望2026年，在"十五五"规划开局之年，经济结构与资本市场正站在新一轮周期的起 点。谨以此文，与投资者共同回顾过往、展望前路。 一、回望2025：从流动性修复到结构定价 2025年，是资本市场"止跌企稳、结构分化"的一年。 从宏观层面看，全球流动性环境边际改善，美联储在年内多次降息，为风险资产提供了外部缓冲；国内 政策持续托底，在货币、财政、产业政策协同发力下，市场风险偏好逐步修复。A股与港股在年初和年 中均出现阶段性反弹，但整体仍呈现出指数不强、结构活跃的特征。 从市场结构看，资金并未全面回流，而是高度聚焦在少数具备中长期逻辑的方向：AI算力、自主可 控、高端制造、新质生产力相关领域表现突出；与此同时，传统地产链条与部分顺周期行业仍在出清与 筑底阶段。这一阶段的市场，更像是一次从情绪定价向结构定价过渡的过程。 二、马年中国经济：周期起点中的结构机会 站在2026年这一节点，我们对中国经济的判断是——弱复苏中的结构性向上。 从中长期视角看，中国正处于新一轮技术周期与产业周期的起步阶段。新技术、新能 ...

Group 1 - The core viewpoint of the article indicates that the storage industry has fully transitioned into a seller's market, driven by real demand from AI and limited cleanroom space [2] - SK Hynix revealed that current DRAM and NAND inventory is only about 4 weeks, with no customers able to fully meet their demand [2] - The extreme shortage of standard DRAM is significantly enhancing suppliers' bargaining power, leading to long-term contract negotiations within the supply chain to secure future supply [2] Group 2 - The demand surge from AI, combined with supply bottlenecks, has resulted in storage chips entering a comprehensive "seller's market," with SK Hynix stating that all customers' demands will not be fully satisfied this year [2] - Price increases in the storage market have become a certainty due to these dynamics [2]

【编者按】 2026年是"十五五"开局之年，中国经济步入新发展阶段。 新形势下，外资投行唱多中国的声音不绝于耳。高盛2026年建议高配A股和港股；摩根大通将中国内地 与香港股市评级调升至"超配"；瑞银认为，政策支持、企业盈利改善及资金流入等因素可能推动A股估 值提升。这些判断均反映出国际资本对中国经济转型方向与2026年发展前景的认同，更预示着冬去春 来，全球资本有望流向东方。 智通财经"首席连线"2026年市场展望以《春水向东流》为题，取的也是此意。展望中，"首席连线"工作 室将访谈数十位权威经济学家、基金经理和分析师，请他们谈谈对新一年中国经济的判断，解析投资新 机遇。 近日，国海富兰克林基金QDII投资总监徐成在接受智通财经专访时表示，当前港股市场整体仍具备鲜 明的"物美价廉"特征。在全球资产比价维度下，中国香港市场估值相较于美、日、印等市场仍存在显著 折价，这种估值洼地效应为中长期的估值修复提供了充足的安全边际。 徐成强调，折价并不等同于平庸，香港市场汇聚了一批具备全球核心竞争力的优质企业。展望全年，宏 观经济的企稳回暖叠加板块结构性红利，将构成驱动市场价值回归的双重核心动力。同时，投资者仍需 保持审 ...

回顾假期第一周，市场围绕着三大主线铺开：AI、地缘、关税。 AI担忧持续发酵，科技股相对承压。一方面，市场担忧AI重构软件商业模式，软件板块持续走弱；另一方面，微软、Meta等巨头面临资本开支过高的质 疑。当前科技板块韧性呈现明确的层级排序：最稀缺硬件（如存储）>纯AI大模型标的（港股MinMax等）>核心硬件供应链（英伟达、台积电等）>高资 本开支互联网巨头，这一分化背后，核心是盈利链条与现金流的传导逻辑：需求端实际支付能力才是基本面的核心引线。 虽然当前市场普遍担忧AI领域过度投资，但我们认为，巨头持续的资本开支并非风险点本身（反而是上游基本面强势的基石），真正的潜在风险在于资 本开支未来出现实质性收缩。从当前产业趋势来看，AI技术落地节奏未减，因此我们判断当前AI板块的调整仍以良性为主。板块仍具备结构性机会，重 点关注稀缺硬件与优质大模型标的的布局窗口。 智通财经APP获悉，国联民生证券发布研报称，今年美联储继续降息的概率依然不低。考虑到当前关税对通胀的影响再度削弱，短期内经济"滞"的风险可 能更大，四季度美国GDP年化环比增速超预期下降至1.4%已然透露出一定隐患。而且国联民生此前的报告提示，当前美国 ...

Energy Vault Holdings Inc. (NASDAQ:NRGV) is one of the best alternative energy stocks to invest in according to analysts. On February 11, Energy Vault Holdings Inc. (NASDAQ:NRGV) shared preliminary estimates for the December-ending quarter and fiscal year, Q4 FY2025. The company expects quarterly revenue to range between $150 million and $155 million, which is well above Wall Street’s expected $140.9 million. The figure is also a 355% jump year over year, and a roughly 5x sequential increase from Q3 2025’s ...