Rivian says it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs by the end of 2025. That’s despite Rivian saying one month ago that it was still holding to its estimate of delivering 46,000 to 51,000 vehicles across this year. Rivian’s announcemen ...

Now may be a smart time to buy small stakes in these fundamentally robust companies.In 2025, Wall Street has been rattled with increasing concerns about U.S.-China trade wars, escalating geopolitical pressures, rising economic uncertainties, and growing recession fears. The benchmark S&P 500 index is down nearly 4.7% in 2025.However, this market volatility and sell-off have opened up attractive entry opportunities for retail investors. Companies such as Broadcom (AVGO 3.17%), Shopify (SHOP 2.34%), Vertex Ph ...

Here's our initial take on Apple's (AAPL 0.22%) financial report.Key MetricsMetricQ2 2024Q2 2025Changevs. ExpectationsRevenue$90.8 billion$95.4 billion5%BeatEarnings per share$1.53$1.658%BeatiPhone revenue$46.0 billion$46.8 billion2%n/aServices revenue$23.9 billion$26.6 billion12%n/aApple Makes Progress Navigating Trade IssuesInvestor focus coming into this quarter centered on how Apple is navigating ongoing trade wars. The answer was a mixed message.First, the good news: Apple said a majority of its device ...

America's top supermarket chain could continue to outperform the market.Shares of Kroger (KR 1.29%) rallied nearly 30% over the past 12 months as the S&P 500 advanced less than 10%. The largest supermarket operator in America dazzled the market with its robust sales growth, its resistance to macro headwinds, and its effective digital strategies. It also ramped up its buybacks after its planned merger with Albertsons (NYSE: ACI) collapsed.But can Kroger's stock keep climbing higher over the next 12 months as ...

Core Insights - The data center market is experiencing a pause rather than a complete bust, with strong long-term growth signals driven by AI deployments [2][4][8] - Major players like Amazon and Nvidia reaffirmed the strength of the data center market, indicating ongoing strong demand [3][7] - Microsoft has decided to halt its planned data centers in Ohio, reflecting a strategic reevaluation amid the AI rush [5][6] Industry Trends - The data center industry is undergoing a temporary pause, with significant project pipelines still in place, particularly for AI training models [4][8] - Power availability is becoming a critical factor for data center development, with new centers requiring significantly more electricity than before [10][11][12] - The data center market is projected to grow at a rate of 20%–25% over the next five to seven years, despite year-to-year variations [16] Company Strategies - Microsoft is focusing on projects that align with its investment strategy, having increased its leased capital expenditures significantly [6] - Companies are expected to implement cost-mitigation strategies in response to potential tariff impacts on supply chains [17][18] - The need for efficient compute power solutions is rising due to the demands of AI, prompting a shift in data center project dynamics [19]

Bank7 Corp. (BSVN) Q1 2025 Earnings Conference Call April 10, 2025 09:00 AM ET Company Participants Operator - Conference Call OperatorKelly Harris - Chief Financial OfficerTom Travis - President and CEOBrad Haynes - ChairmanJason Estes - Chief Credit Officer Conference Call Participants Nathan Race - Analyst, Piper SandlerWoody Lay - Analyst, KBWMatt Olney - Analyst, Stevens Brad Haynes Welcome to Bank 7 Core's first quarter 2025 earnings call. Before we get started, I'd like to highlight the legal informa ...

Financial Data and Key Metrics Changes - For the quarter ending December 31, 2024, the company reported net investment income of $0.8 million or $0.06 per share, down from $0.16 per share in the prior quarter [4] - The net asset value per share decreased by $0.16 to $5.39 compared to $5.55 as of September 30, 2024 [4] - The fair value of the portfolio was $191.6 million, an increase from $190.1 million at September 30 [17] - Net assets declined by $2.3 million from the prior quarter to $77.6 million [17] - The weighted average yield of the debt portfolio decreased slightly from 10.5% to 10.4% [17] Business Line Data and Key Metrics Changes - The median EBITDA of the portfolio remained flat at approximately $61.76 million, while the weighted average net leverage increased from 4.8 times to 5 times [9] - The percentage of covenant appeals increased from 70% to 77% [9] - The weighted average yield of debt investments made in the quarter was approximately 11.8% [11] Market Data and Key Metrics Changes - Approximately 30% of the portfolio may experience moderate effects from tariffs, with strategies in place to mitigate these risks [7] - The company is strategically targeting investments in critical sectors and defensive industries, including a recent investment in the data center sector [8] Company Strategy and Development Direction - The company remains focused on capital preservation and NAV stability, with a disciplined investment approach [22] - The management is adapting to market volatility and heightened competition among lenders, with a focus on quality assets [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties and delivering value to shareholders [6] - The potential impact of tariffs on the portfolio and M&A market is being closely monitored [36] Other Important Information - The company appointed Andrew Muns as Chief Operating Officer, enhancing the executive team [3] - The company declared a distribution of $0.12 per share for the quarter ending March 31, 2025, payable in cash [19] Q&A Session Summary Question: What was the cause for the drop in PIK income quarter-over-quarter? - The drop in PIK income was due to a reversal of non-accrual for one portfolio company in the previous quarter, which inflated PIK income [25] Question: What are the comments on the sustainability of the dividend given lower yields and higher leverage? - The company is constantly evaluating the sustainability of the dividend and will monitor the portfolio's performance [26][27] Question: Is the company changing to a calendar fiscal year? - Yes, the company has changed its fiscal year from June to December [28][30] Question: What is the trend for investment yield over the next quarter or two? - The investment yield is expected to remain similar, around 10.5% plus or minus, unless there is a significant economic shock [34][36]

Financial Data and Key Metrics Changes - For the quarter ending December 31, 2024, the company reported net investment income of $0.8 million or $0.06 per share, down from $0.16 per share in the prior quarter [4] - The net asset value per share decreased by $0.16 to $5.39 compared to $5.55 as of September 30, 2024 [4] - The fair value of the portfolio was $191.6 million compared to $190.1 million at September 30 [17] - Net assets were $77.6 million, a decline of $2.3 million from the prior quarter [17] - The weighted average yield of the debt portfolio decreased slightly from 10.5% to 10.4% [17] Business Line Data and Key Metrics Changes - The median EBITDA of the portfolio remained flat at approximately $61.76 million, while the weighted average net leverage increased from 4.8 times to 5 times [9] - The percentage of covenant appeals increased from 70% to 77% [9] - The weighted average yield of debt investments made in the quarter was approximately 11.8% [11] Market Data and Key Metrics Changes - Approximately 30% of the portfolio may experience moderate effects from tariffs, with strategies in place to mitigate these risks [7] - The company is strategically targeting investments in critical sectors and defensive industries, including a recent investment in the data center sector [8] Company Strategy and Development Direction - The company remains focused on capital preservation and NAV stability, with a disciplined investment approach [22] - The management is adapting to economic uncertainties and believes the portfolio is well-positioned for the shifting economic environment [6][7] Management's Comments on Operating Environment and Future Outlook - Management noted that heightened market volatility has created a tightening spread environment, impacting investment yields [5] - There is optimism for a resurgence in M&A activity post-election, although risks from tariff wars and fiscal policy changes create uncertainty [5][6] - The company does not foresee significant changes in investment yields in the near term, expecting them to remain around 10.5% [34] Other Important Information - The company appointed Andrew Muns as Chief Operating Officer, enhancing the executive team [3] - The company has approximately $12.1 million in cash, with $11.3 million being restricted cash [20] - A distribution of $0.12 per share was declared for the quarter ending March 31, 2025, payable in cash [19] Q&A Session Summary Question: What was the cause for the drop in PIK income quarter-over-quarter? - The drop was due to a reversal of non-accrual for one portfolio company in the previous quarter, which inflated PIK income [25] Question: What are the comments on the sustainability of the dividend given lower yields and higher leverage? - The company is constantly evaluating the dividend sustainability and will monitor the portfolio's performance [26][27] Question: Is the company changing to a calendar fiscal year? - Yes, the company has changed its fiscal year from June to December [28][30] Question: Where does the company see the trend for investment yield over the next quarter or two? - The investment yield is expected to remain stable around 10.5%, barring any economic shocks [34][36]