Core Insights - TC Energy Corporation (TRP) is scheduled to report its fourth-quarter earnings on February 13, with earnings estimated at 65 cents per share and revenues at $2.93 billion [1][7]. Group 1: Recent Performance - In the last reported quarter, TRP's adjusted earnings were 56 cents per share, aligning with consensus estimates, driven by strong performance in its Canadian, U.S., and Mexico Natural Gas Pipelines segments [2]. - TRP's quarterly revenues reached $3.7 billion, exceeding the Zacks Consensus Estimate by $49 million [2]. Group 2: Earnings Surprise History - TRP has beaten consensus estimates in two of the past four quarters, matched in one, and missed once, resulting in an average surprise of 2.49% [3]. - The Zacks Consensus Estimate for fourth-quarter 2025 earnings has experienced one upward and three downward revisions in the past 30 days, indicating a projected 13.33% year-over-year decrease in earnings, while revenues are expected to increase by 14.79% [3]. Group 3: Factors Influencing Q4 Performance - TRP generates income by operating a vast network of pipelines for natural gas and oil transportation, charging fees for these services, and also earns from natural gas storage and power generation [4]. - The company is expected to see improved revenues in the upcoming quarter, but rising expenses may negatively impact its bottom line, as total costs and expenses were higher in the previous quarter [5][7]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for TRP this season, as the Earnings ESP is -0.23% and the company holds a Zacks Rank of 3 [6][8].

Group 1 - Alphabet Inc. is planning to raise approximately $15 billion through a US high-grade dollar bond sale, contributing to a trend of increased borrowing among companies involved in the artificial intelligence investment boom [1] - Major cloud-computing companies, referred to as hyperscalers, are projected to invest over $650 billion this year to enhance AI infrastructure, with a significant amount of debt being issued to finance this expansion [2] - Alphabet is structuring its bond sale into as many as seven parts, with initial pricing discussions for the longest bond maturing in 2066 set at a premium of about 1.2 percentage points above Treasuries [3] Group 2 - In addition to the US dollar bond offering, Alphabet is also exploring potential debt offerings in Swiss francs and sterling, including a rare 100-year note [4] - The company announced plans to spend up to $185 billion this year, exceeding previous forecasts, and reported fourth-quarter earnings that surpassed analyst estimates [5] - Capital spending in AI, cloud infrastructure, and data centers is expected to reach a total of $3 trillion by 2029, according to Bloomberg Intelligence [6]

Core Viewpoint - The software sector is currently experiencing a significant selloff, which analysts believe is overblown and not reflective of the actual market conditions. Companies like Palantir, Microsoft, CrowdStrike, Snowflake, and Salesforce are highlighted as potential investment opportunities despite the prevailing negative sentiment [3][4][30]. Group 1: Palantir (PLTR) - Palantir is recognized as a leading software company specializing in data integration and AI-driven decision platforms, with a market cap of $332.6 billion and a stock price increase of 20% over the past year [5][6]. - For Q4 2025, Palantir reported revenues of $1.4 billion, reflecting a 70.5% annual growth rate, and earnings per share (EPS) of $0.25, up 78.6% from the previous year [6]. - Analysts have rated PLTR stock as a "Moderate Buy" with a mean target price of $198.28, indicating an upside potential of about 52.5% from current levels [8]. Group 2: Microsoft (MSFT) - Microsoft, valued at $3.1 trillion, is a major player in the software industry, although its stock has decreased by 5% over the past year [10]. - For the quarter ended December 31, 2025, Microsoft reported revenues of $81.3 billion, a 16.7% increase year-over-year, with cloud business revenues rising by 26% to $51.5 billion [12]. - Analysts have assigned a "Strong Buy" rating to MSFT stock, with a mean target price of $602.57, suggesting an upside potential of roughly 53% [14]. Group 3: CrowdStrike (CRWD) - CrowdStrike is a leading cybersecurity technology company with a market cap of $104.7 billion, although its shares are down 10% over the past year [16]. - The company reported Q3 revenues of $1.23 billion, up 22% year-over-year, and EPS of $0.96, which exceeded the consensus estimate [17]. - Analysts have rated CRWD stock as a "Moderate Buy," with a mean target price of $559.21, indicating an upside potential of about 48% [19]. Group 4: Snowflake (SNOW) - Snowflake operates a cloud-based data platform and has a market cap of $56.6 billion, with its stock down 13% over the past year [21]. - In Q3 2025, Snowflake reported revenues of $1.21 billion, reflecting a 28.5% annual growth, and EPS of $0.35, up 75% from the previous year [22]. - Analysts have given SNOW stock a "Strong Buy" rating, with a mean target price of $277.07, suggesting an upside potential of about 77% [24]. Group 5: Salesforce (CRM) - Salesforce, a pioneer in cloud-based CRM software, has a market cap of $418.6 billion and has seen its stock decline by 43% over the past year [26]. - For the third quarter of fiscal year 2026, Salesforce reported revenues of $10.3 billion, a 9% increase year-over-year, and EPS of $3.25, surpassing estimates [27]. - Analysts have assigned a "Strong Buy" rating to CRM stock, with a mean target price of $329.27, indicating an upside potential of about 73% [29].

Core Viewpoint - STMicroelectronics NV has seen a significant increase in its stock price due to its expanded strategic engagement with Amazon Web Services, aimed at enhancing high-performance computing infrastructure for cloud and AI data centers [1] Company Summary - STMicroelectronics NV's shares rose sharply in pre-market trading [1] - The company is focusing on enabling new high-performance compute infrastructure [1] - The strategic engagement with Amazon Web Services is specifically targeted at cloud and AI data centers [1]

Core Viewpoint - The artificial intelligence (AI) infrastructure boom continues, with Lumentum experiencing significant growth in revenue and profitability, driven by its essential role in AI and cloud computing systems [1][3]. Group 1: Financial Performance - Lumentum's revenue increased by 65.5% year over year, reaching $665.5 million in the second quarter of fiscal 2026 [3]. - The company's adjusted net income surged by 380% to $143.9 million, translating to $1.67 per share, exceeding Wall Street's expectations of $1.41 per share [5]. - The adjusted operating margin improved by 17 percentage points to 25.2% [5]. Group 2: Future Projections - For the fiscal third quarter, Lumentum anticipates revenue growth of approximately 85%, projecting between $780 million and $830 million [6]. - Management expects adjusted operating margins to be between 30% and 31%, with earnings per share forecasted at $2.15 to $2.35 [6]. Group 3: Market Position and Technology - Lumentum is recognized as a foundational engine of the AI revolution, with its technologies powering virtually every AI network through partnerships and as a critical component supplier [4]. - The company's optical and photonic technologies are essential for enabling faster and more efficient data transfer in AI and cloud computing systems [3].

Core Viewpoint - Amazon reported strong earnings with a top-line beat and significant growth in AWS, yet the stock fell due to concerns over a $200 billion capital expenditure plan for 2026 [1][2][6]. Financial Performance - Net sales reached $213.4 billion, reflecting a 14% year-over-year increase [6]. - Operating income was reported at $25.0 billion, or $27.4 billion when excluding one-time charges [6]. - Net income stood at $21.2 billion, translating to $1.95 per diluted share [6]. - AWS sales amounted to $35.6 billion, marking a 24% year-over-year growth [6]. - Free cash flow decreased to $11.2 billion from $38.2 billion a year earlier [10]. - Operating cash flow increased by 20% to $139.5 billion [10]. AWS Significance - AWS continues to be a critical component of Amazon's business, with operating income from AWS at $12.5 billion in Q4 [5]. - The growth of AWS exceeded expectations and accelerated as more capacity became available [5]. Market Reaction - Despite strong earnings, the stock fell by as much as 9% due to investor concerns about the capital expenditure plan [1][2]. - The market is currently evaluating whether major tech companies are shifting from "asset-light" models to capital-heavy operations, which adds to the apprehension surrounding Amazon's spending plans [8]. Strategic Outlook - The $200 billion capital expenditure target is viewed as a necessary investment to maintain competitiveness in AI and cloud services, rather than a sign of financial strength [2][7].

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) pushed back against Wall Street's growing skepticism over soaring AI-related capital expenditures. Amazon Pushes Back On AI CapEx Concerns During the company's fourth-quarter earnings call, Amazon addressed investor concerns around its aggressive spending on AI and data center infrastructure, arguing the investments are already producing returns. Responding to questions from Evercore ISI analyst Mark Mahaney about long-term return on invested capital, CFO Brian ...

Amazon - Amazon is a dominant player in e-commerce and cloud computing, benefiting long-term shareholders through innovation and multiple revenue streams [3][8] - The company's online retail business has a competitive advantage due to its extensive infrastructure and same-day delivery capabilities, with its AI-powered shopping assistant reaching 250 million active users and projected to generate $10 billion in incremental annualized sales by 2025 [4][6] - Amazon's advertising revenue has an annual run rate of $85 billion, with a 22% year-over-year increase in the fourth quarter, positioning the company to benefit from the shift of ad spending to digital platforms [6] - Amazon Web Services (AWS) is a key growth driver, with a 24% year-over-year revenue increase in the fourth quarter, contributing to approximately half of Amazon's profits [7] - Analysts project Amazon's earnings per share to grow at an annualized rate of 17% in the coming years, indicating strong prospects for the business [8] Booking Holdings - Booking Holdings operates several well-known travel platforms, including Booking.com and Priceline, and has built a competitive advantage through loyalty rewards and its Connected Trips initiative [9] - The company reported 323 million room nights in the third quarter, an 8% year-over-year increase, leading to a 13% rise in revenue and a 19% increase in adjusted earnings per share [11] - Management targets 8% annual growth in gross bookings and revenue, aiming for a 15% rise in adjusted earnings, while investing in AI capabilities for personalized recommendations [12] - With a consistent operating history and prospects for double-digit earnings growth, Booking Holdings is positioned as a strong investment in the growing travel industry [13]

Group 1 - Microsoft's stock has declined 11% in 2026, with a significant drop of 10% following its Q2 fiscal year 2026 earnings report [1][2] - The S&P 500 has only increased by 1%, indicating that Microsoft faces challenges in outperforming the market despite its current low price [2] - Azure, Microsoft's cloud computing division, is identified as a key factor that could enable the company to outperform the market in 2026 [2][4] Group 2 - Cloud computing is essential for AI development, as smaller companies cannot afford to build their own data centers, leading them to rely on large tech firms like Microsoft [4] - Microsoft does not disclose Azure's individual profit margins, but competitors AWS and Google Cloud reported operating margins of 35% and 24% respectively [5] - It is estimated that Azure's operating margins are likely between 25% to 35%, which may be lower than Microsoft's overall operating margin of around 47% [6] Group 3 - Azure is the fastest-growing segment for Microsoft, with a revenue growth rate of 39% in Q2 [8] - Microsoft's overall growth rate for Q2 was 17%, with Microsoft 365 Consumer Cloud being the next fastest-growing segment at 29% [8][9] - The growth of cloud computing is expected to continue driving Microsoft's performance in the coming years [9]

Company Overview - Khaveen Investments is a global investment advisory firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers comprehensive services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, blending three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - The firm's core expertise lies in disruptive technologies reshaping modern industries, including Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]