Let's start perhaps with the data side of things. Is there going to be a market fallout. It doesn't appear as though right now, but there is going to be a ripple effect and can we trust the data going forward.So, I think the next few days after you're seeing a considerable degree of surprise on Friday, you you very likely will see some market reaction. You're not going to solve this overnight because this is a revision off of several months of data. and the markets were caught by surprise in an environment ...

All right, I'm in short here risking 500. Let's see how much this can drop. All right, price has failed off of that push up.So, I think it's going to take a drop further now. Coming up back up to test our entry now. Big push down now off of that entry.All right, so if this candle closed, I'm going to reduce risk. We're up a,000 basically. And now we're getting a confirmation of that broken low.So, I'm going to go ahead and reduce my risk now. We're up 1,700. I want to see how low this can go.This is the exa ...

Core Viewpoint - NexPoint Real Estate Finance reported Q2 2025 results with Non-GAAP earnings per diluted share of $0.46, aligning with analyst consensus and internal guidance, but showed significant year-over-year declines in earnings available for distribution and cash available for distribution, indicating a stable yet cautious operating environment with pressure on distributable earnings [1][6][11] Financial Performance - Non-GAAP earnings per diluted common share for Q2 2025 were $0.46, matching analyst estimates [1] - Earnings available for distribution (EAD) decreased to $10.0 million, down 37.3% year-over-year, while cash available for distribution (CAD) fell to $10.6 million, a 29.3% decline from Q2 2024 [2][6] - Net income attributable to common stockholders increased to $12.3 million, a 64.2% rise from $7.488 million in Q2 2024 [6] Portfolio and Investment Strategy - The company focuses on investments in commercial real estate debt and equity, with a portfolio totaling $1.1 billion across 86 investments as of June 30, 2025 [5] - Key sectors include multifamily properties (49.5%), life sciences (32.7%), and smaller allocations to single-family rentals, self-storage, specialty manufacturing, and marinas [5] - The weighted-average loan-to-value (LTV) ratio was 58.5%, and the debt service coverage ratio (DSCR) was 1.44x, indicating a conservative risk profile [4] Dividend and Coverage Ratios - The declared dividend remained stable at $0.50 per share for both Q1 and Q2 2025, but coverage ratios based on EAD and CAD fell below 1.0x, indicating pressure on distributable earnings [7][8] - Management guidance for Q3 2025 suggests modest improvement, with expectations for cash available for distribution to reach parity with dividends [8][11] Risk Management and Credit Quality - The company recorded a $3.6 million provision for credit losses in Q1 2025, reflecting a cautious stance amid changing market conditions [9] - The external management structure includes a 1.5% management fee on equity, which may impact operational efficiency and costs [10] Future Outlook - For Q3 2025, management projects EAD per diluted share of $0.425 and CAD per diluted share of $0.505, indicating continued disciplined capital deployment [11] - The company plans to remain active in core sectors, particularly multifamily and life sciences, while seeking opportunities in self-storage and advanced manufacturing [11]

Core Viewpoint - Northern Oil And Gas reported strong revenue performance in Q2 2025, exceeding analyst expectations, but faced a decline in GAAP net income due to softer commodity prices and a non-cash asset impairment [1][7]. Financial Performance - Revenue for Q2 2025 was $574.4 million, surpassing the estimate of $526.46 million [1][7]. - GAAP net income decreased to $99.6 million, down 28.1% from $138.6 million in Q2 2024 [2][7]. - Non-GAAP EPS was $1.37, a 6.2% decline from $1.46 in Q2 2024 [2]. - Adjusted EBITDA increased by 6.6% year-over-year to $440.4 million [2]. Production and Operations - Total production rose by 9% year-over-year to 134,094 barrels of oil equivalent (Boe) per day [5]. - Oil production increased by 10.5% to 76,944 barrels per day, while natural gas output also grew [5]. - Development activity saw a reduction, with only 20.8 net wells added, but the company maintained a record 53.2 net wells in process [6]. Strategic Acquisitions - The company closed a $61.7 million acquisition in Upton County, Texas, along with 22 smaller transactions adding approximately 2,600 net acres and 4.8 net wells [6]. - Management highlighted an "all-time peak" in the pipeline of potential acquisitions, indicating a focus on industry consolidation [6]. Cost and Expenses - Lease operating expenses rose to $9.95 per Boe, reflecting a 6% sequential increase and an 11% year-over-year rise [8]. - Capital spending outside of acquisitions decreased by 12% year-over-year, emphasizing a disciplined approach [8]. Shareholder Returns - The company repurchased 1.1 million shares at an average price of $31.15 and raised the quarterly dividend by 7% to $0.45 per share [9][13]. - Liquidity remained strong with over $1.1 billion available in cash and borrowing capacity [9]. Future Guidance - The company revised its full-year 2025 production forecast to an average of 130,000–133,000 Boe per day, down from a prior midpoint of 132,500 [11]. - Estimated capital expenditures were reduced by $125–$150 million to a range of $925–$1,050 million [11]. - Management indicated a shift towards acquiring existing production rather than organic drilling to maximize risk-adjusted returns [12].

Trading Strategy - Firms often incorrectly implement two-step evaluations by initially setting a 10% target and subsequently reducing it to 5%, which can lead to hesitation and fear of increasing position size [1] - Breakout proposes an alternative two-step approach: starting with a 5% target and then increasing it to 10%, aiming to build momentum and confidence [1] - The two-step approach is presented as a plan for traders who find the one-step approach too aggressive [1] Advantages of the Two-Step Approach - Easier to initiate trades [2] - Lower initial capital commitment [2] - More forgiving, especially when crucial [2]

_Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options: https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document. Supporting documentation for any claims, if applicable, will be furnished upon request._ Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

_Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options: https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document. Supporting documentation for any claims, if applicable, will be furnished upon request._ Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

_Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options: https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document. Supporting documentation for any claims, if applicable, will be furnished upon request._ Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

Lincoln National (LNC 11.43%), a major provider of insurance, annuities, and retirement plan services, released its second quarter results on July 31, 2025. The standout headline was non-GAAP earnings per share of $2.36 in Q2 2025, exceeding analyst expectations by 25.5%. However, non-GAAP revenue was $4.308 billion, falling short of the $4.66 billion consensus estimate by 7.6%. The report showed clear improvement in operating margins and segment performance, especially in Group Protection, where operating ...

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