IBM - IBM shares rose over 7% following better-than-expected quarterly results, with revenue increasing by 12% to $19.7 billion and adjusted EPS at $4.52, surpassing the expected $4.32 [1][2] - The company anticipates full-year revenue growth above 5%, exceeding consensus expectations, and expects free cash flow to rise by $1 billion, which is significant for dividends and buybacks [2] - IBM's generative AI business has reached $12.5 billion, indicating strong enterprise demand beyond pilot projects [3] - Software revenue increased by 14%, with Red Hat growing by 10%, driven by hybrid cloud and AI-enabled workload demand, while infrastructure revenue surged over 20% [4][5] - Analysts suggest IBM may be a better investment in quantum computing compared to younger players, with a long-term vision to scale by 2030 [6] Royal Caribbean - Royal Caribbean's adjusted EPS was $2.80, with revenue at $4.26 billion, meeting expectations, and management reported strong demand for future cruises [8] - The company forecasts adjusted EPS for 2026 between $17.70 and $18.10, significantly above street expectations, with anticipated double-digit revenue growth [9] - Approximately two-thirds of capacity for 2026 is already booked at record pricing, indicating strong demand and pricing power in the experience economy [11] Lamb Research - Lamb Research shares gained after reporting adjusted EPS of $1.27, beating the expected $1.17, with revenue at $5.35 billion [13] - The company anticipates 23% growth in the wafer fab equipment market in 2026, driven by strong demand from the AI boom [13] - The CEO emphasized ramping execution velocity to support customer growth, highlighting strength in DRAM, leading-edge logic, and advanced packaging [14]

Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter for 2025, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [5][15] - For the full year 2025, sales increased by 7% organically, or 6% excluding the impact of the Bombardier agreement, with adjusted earnings per share rising to $9.78, up 12% year-over-year [21][30] - Free cash flow for 2025 was $5.1 billion, up 20%, representing a 14% margin [21][32] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][22] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [16] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] - Energy and sustainability solutions declined by 7%, attributed to lower petrochemical catalyst shipments [17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe also showing strong mid-single-digit growth [16] - Orders grew 23% organically, with significant contributions from long-cycle aerospace and energy projects [17] Company Strategy and Development Direction - Honeywell is focused on portfolio simplification, with the aerospace spin expected to be completed in Q3 2026, following the successful spin-off of Solstice Advanced Materials [6][9] - The company is investing in R&D to drive innovation, with a goal of achieving 6%-9% earnings growth in 2026 [6][21] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance strategic focus and agility [9][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong organic growth driven by record backlog conversion, disciplined pricing, and new product introductions [5][6] - The company anticipates continued strength in aerospace and building automation markets, with a gradual recovery expected in process automation [22][24] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-term demand in LNG and refining [61] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments aimed at maintaining leadership in quantum computing [29][56] - The company has made key leadership appointments in preparation for the aerospace spin-off, enhancing operational experience [8][9] Q&A Session Summary Question: Margin progression for the total company - Management indicated that operational margins are expected to expand by 50-90 basis points, with a headwind from Quantinuum in the first quarter [42][43] Question: Aerospace margins and contract renewals - Aerospace margins are expected to improve as contract negotiations progress, with a positive long-term impact anticipated [48][50] Question: Quantinuum IPO and investment spending - Management confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing efforts to prepare for a potential IPO [54][56] Question: Strength in process orders - Management noted increased capital spending in LNG and refining as a driver for order growth, while cautioning about ongoing pressure in the petrochemical sector [60][61] Question: Pricing strategy and inflation impacts - Management discussed a more mature pricing strategy in response to persistent inflation, with expected price increases of 3%-4% in 2026 [66][70]

Core Insights - ZenaTech is enhancing its Taiwan-based Spider Vision Sensors (SVS) facility to comply with the National Defense Authorization Act (NDAA), aiming to build a vertically integrated supply chain for secure drone technologies [1][2] - The facility is set to begin production of printed circuit boards (PCBs) and is expected to be fully operational within the quarter [1][2] - The strategic investment in the SVS facility aims to strengthen supply chain resilience, enable customization, and support growth aligned with long-term operational goals [2] Facility and Production - The SVS facility spans 16,000 square feet and has completed critical infrastructure and assembly line buildout, securing all necessary permits for regulatory compliance [2] - Essential manufacturing equipment, including PCB and Surface Mount Technology (SMT) assembly machines, is being installed and calibrated, with initial production capacity focused on PCBs [2] - Pilot production is underway to validate processes and ensure NDAA compliance by sourcing drone parts free from restricted Chinese-made components [3] Product Development and Market Position - The SVS facility will support the scaled production of drone components for ZenaDrone platforms, including the ZenaDrone 1000 and its IQ Series, with final assembly occurring in Mesa, Arizona [3] - ZenaTech specializes in AI drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, targeting commercial, government, and defense sectors [4] - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions for various applications, including agriculture and defense, with products like the ZenaDrone 1000 and IQ Nano [5]

FORWARD LOOKING STATEMENTS FOURTH QUARTER 2025 EARNINGS AND 2026 OUTLOOK JANUARY 29, 2026 We describe many of the trends and other factors that drive our business and future results in this presentation. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Automation and Aerospace Technologies and the planned sale of the Productivity Solutions and ...

There's no denying that some quantum computing stocks have delivered amazing returns for investors during the past few years. And Rigetti Computing (NASDAQ: RGTI) is a standout even among some of the most impressive gains, with the stock rising more than 2,400% since January 2023. But as we all know, all that glitters is not gold. There are some very good reasons to avoid Rigetti right now, even as its stock price surges. Here are three of them. Where to invest $1,000 right now? Our analyst team just reve ...

Core Insights - Quantum computing is emerging as a transformative technology, with significant investor interest reflected in the stock prices of companies like Rigetti Computing [1] - The year 2026 may serve as a reality check for quantum computing investments, suggesting a shift in focus from newer companies to established players like IBM [2] Company Insights - Rigetti Computing is recognized for its superconducting quantum computing technology, with its Cepheus-1-108Q system expected to be the largest modular quantum computing system available by the end of Q1 2026 [4] - Rigetti's manufacturing capabilities are highlighted, as it has established the first dedicated foundry for quantum integrated circuits, positioning itself as a leader in design and fabrication [5] - Despite its potential, Rigetti faces challenges, including ongoing financial losses, with reported revenue of only $1.9 million in the latest quarter, and competition from other companies using similar superconducting technology [6] IBM Insights - IBM is a major competitor to Rigetti, boasting over 300 clients and partners, and has developed the widely used Qiskit software for quantum computing [7][8] - IBM's Quantum Nighthawk QPU, which supports 120 qubits, has already been released, while Rigetti's system launch has been delayed [8] - IBM aims to achieve quantum advantage by 2026 and has plans for a fault-tolerant 200-qubit quantum computer by 2029, with aspirations for systems supporting up to 2,000 qubits beyond 2033 [9] - Financially, IBM is well-positioned, expecting a free cash flow of around $14 billion for the full year 2025, with a cash position of $14.9 billion at the end of Q3 2025 [10] Investment Perspective - While Rigetti Computing has long-term potential, its success is contingent on its technology matching or exceeding that of competitors [11] - IBM's diversified business model allows it to remain successful even if its quantum computing investments do not yield immediate results, showcasing its adaptability in the evolving tech landscape [11] - Overall, IBM is viewed as the more strategically positioned company in the quantum computing race compared to Rigetti [12]

The Hong Kong Institute of Certified Public Accountants (HKICPA) has set out its recommendations for the Hong Kong Government’s budget for 2026–27 fiscal year. The accounting body has submitted its proposals under the theme 'Reinforcing and enhancing Hong Kong’s strengths, innovation and talent for a bright and bold future'. The HKICPA proposes a package of tax and policy measures to enhance Hong Kong’s competitiveness, support growth and strengthen public finances. To attract investment, it suggests a ...

Core Insights - IonQ's acquisition of SkyWater Technology for $1.8 billion represents a strategic shift in the quantum computing industry, enabling IonQ to create a vertically integrated quantum platform valued at $35 per share [1] - This acquisition addresses a significant limitation in quantum scaling by allowing IonQ to internalize fabrication, which is expected to enhance development cycles and manufacturing flexibility [2] - IonQ's move towards vertical integration contrasts with competitors like D-Wave and Rigetti, who still rely on external manufacturing partners, indicating a divergence in strategic approaches within the quantum ecosystem [3] Quantum Enablers - Northrop Grumman, Cloudflare, and Arqit Quantum are identified as key enablers in the quantum sector, positioned to benefit from the industry's shift towards scalable manufacturing and infrastructure, with projected earnings growth exceeding 10% by 2026 [4][5] - The global quantum computing market is anticipated to grow from approximately $3.52 billion in 2025 to $20.2 billion by 2030, highlighting the increasing importance of enabling technologies [5] - McKinsey's research suggests that the three core pillars of quantum technology could generate up to $97 billion in revenues by 2035, emphasizing the potential for enablers to provide clearer revenue paths compared to standalone hardware developers [6] Northrop Grumman - Northrop Grumman is actively investing in quantum technologies, committing $12.5 million to support quantum information science at Virginia Tech, and is focused on developing internal capabilities in advanced quantum computing [7][8] - The company is expected to report earnings growth of 10.2% in 2026, with revenue growth projected at 5.1% [9] Cloudflare - Cloudflare is enhancing its post-quantum security infrastructure, with plans for broader protocol compatibility in its Zero Trust Network Access solution, positioning itself as a critical enabler for quantum-era cybersecurity [10] - The company is projected to achieve earnings growth of 28.8% in 2026, with revenue growth of 26.9% [11] Arqit Quantum - Arqit Quantum is advancing quantum-safe encryption through its Encryption Intelligence platform, which has been commercially launched and is being utilized in a pilot program by the UK National Cyber Security Centre [12] - The company has secured multi-year contracts, including a significant agreement with a global telecom operator for quantum-safe network deployment, indicating strong market demand [12] - Arqit is expected to report earnings growth of 30.3% in 2026, with revenue growth projected at an impressive 214.2% [13]

Depending on the circumstances, investing in quantum computer developer IonQ (NYSE:IONQ) can be thrilling or gut-wrenching. ...

We recently published 14 Stocks on Jim Cramer’s Radar.  Honeywell International Inc. (NASDAQ:HON) is one of the stocks on Jim Cramer's radar. Industrial conglomerate Honeywell International Inc. (NASDAQ:HON)’s shares are up by 4% over the past year and by 12.9% year-to-date. Most attention on the firm is due to its ongoing spinoff execution. For instance, JPMorgan upgraded the shares to Overweight from Neutral in January and increased the share price target to $255 from 218. The bank cited Honeywell Inter ...