Core Thesis - Brookfield Infrastructure Partners L.P. (BIP) is viewed positively due to its strong performance and growth potential, with shares trading at $37.03 and trailing and forward P/E ratios of 40.86 and 156.25 respectively [1][2] Financial Performance - BIP reported a Q4/25 FFO of $0.87 per unit and increased its annual distribution by 6% to $1.82, marking a 17-year streak of distribution increases [2] - Management anticipates that 2026 will be an inflection year, with FFO growth expected to exceed 10% driven by new investments and a growing backlog of data-related capital projects [2] Transaction Activity - The company has robust transaction activity, including the first Bloom Energy project delivering 55MW of power to a U.S. data center, and secured additional hyperscaler projects, bringing total AI and data center exposure to approximately 230MW [3] - Capital recycling is progressing well, highlighted by a $150 million sale of Brazilian electricity transmission that generated a 45% IRR, alongside monetization of stabilized North American data centers to fund further development [3] Strategic Focus - BIP's approach to AI and data infrastructure emphasizes disciplined growth with long-term, inflation-protected contracts and investment-grade counterparties, allowing for upside capture without excessive risk [3] Liquidity and Valuation - The company maintains $2.7 billion in corporate liquidity and offers a current yield of 5%, positioning it among the top TSX60 dividend payers, while its valuation remains below its long-term mid-range despite recent 52-week highs [4] Investment Outlook - With accelerating earnings, strong transaction momentum, and active capital recycling, BIP is well-positioned to deliver reliable income and capital appreciation, presenting a compelling risk/reward profile for long-term holders [5]

Gary Smith, chief executive officer and president of Ciena Corp., speaks during a Bloomberg Television interview in New York on June 14, 2013.Networking hardware maker Ciena will join the S&P 500, returning to the benchmark after getting booted 17 years ago. The stock rose in extended trading. Ciena is replacing human resources software company Dayforce, S&P Dow Jones Indices said in a statement on Wednesday. Private equity firm Thoma Bravo acquired Dayforce for $12.3 billion.Ciena sells a variety of produc ...

Super Micro Computer (NasdaqGS:SMCI) Q2 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsCharles Liang - CEODavid Weigand - CFOMichael Staiger - VP of Corporate DevelopmentConference Call ParticipantsAnanda Prosad Baruah - Equity Research AnalystAsiya Merchant - Equity Research AnalystBrandon Nispel - Equity Research AnalystCatherine Murphy - Equity Research AnalystJonathan Tanwanteng - Equity Research AnalystMark Newman - Senior Equity Research AnalystNehal Sushil Chokshi - Senior Equit ...

Super Micro Computer (NasdaqGS:SMCI) Q2 2026 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsCharles Liang - CEODavid Weigand - CFOMichael Staiger - VP of Corporate DevelopmentConference Call ParticipantsAnanda Prosad Baruah - Equity Research AnalystAsiya Merchant - Equity Research AnalystBrandon Nispel - Equity Research AnalystCatherine Murphy - Equity Research AnalystJonathan Tanwanteng - Equity Research AnalystMark Newman - Senior Equity Research AnalystNehal Sushil Chokshi - Senior Equit ...

Core Viewpoint - Celestica Inc. has announced its Annual Meeting of Shareholders will take place on May 19, 2026, in a hybrid format, with further details to be provided in the definitive proxy statement [1] Group 1: Meeting Details - The Annual Meeting of Shareholders is scheduled for May 19, 2026, at 9:30 a.m. EDT [1] - The record date for determining eligible shareholders is set for March 27, 2026 [2] - Celestica will utilize the notice-and-access method for delivering proxy materials to shareholders, which will be available on its website and other platforms [3] Group 2: Company Overview - Celestica is a technology leader focused on customer success and market advancements, specializing in data center infrastructure for AI, cloud, and hybrid cloud solutions [4] - The company leverages its expertise in design, engineering, manufacturing, and supply chain to provide competitive advantages to its customers [4]

Summary of Gorilla Technology Group Conference Call Company Overview - **Company**: Gorilla Technology Group (NasdaqCM: GRRR) - **Date of Call**: January 28, 2026 - **Speakers**: Jay Chandan (Chairman and CEO), Bruce Bauer (CFO) Key Points Financial Performance and Projections - **Backlog**: The company has a signed backlog exceeding **$100 million**, which is tied to delivery milestones and represents contracted revenue [4][7] - **Revenue Guidance for 2026**: Expected revenue is projected to be between **$137 million and $200 million**, driven by backlog and ramp-up in data center programs across Asia, the Middle East, and Europe [5][7] - **Data Center Deployment**: Targeting deployment of up to **100 megawatts** by the end of 2026, with plans for several hundred megawatts in subsequent years [6][7] Market Opportunities - **Pipeline**: Actively pursuing deals exceeding **$10 billion** in AI infrastructure and data centers [5][7] - **U.S. Acquisition**: The company is in the process of a U.S. acquisition, which has been delayed due to government shutdowns affecting procurement and approvals [12][13] - **Client Contracts**: A significant contract worth **$1.4 billion** is in place, with the contractor based in Singapore, focusing on AI data center backbone work [15][16] Technology and Infrastructure - **AI Data Center Development**: The company is focusing on building AI reasoning workloads and deploying advanced GPU systems, including the **B300 Grace Blackwell** architecture [16][17] - **Strategic Partnerships**: Collaborating with major partners like NVIDIA, Broadcom, and HPE to enhance delivery capabilities globally [13][14] Financial Strategy - **Project Financing**: Emphasis on non-dilutive project-level capital to maintain corporate cash discipline [19][22] - **Buyback Program**: Increased buyback authorization to **$20 million**, with over **$11 million** already repurchased [35][38] Market Dynamics - **Rising Costs**: Anticipated increases in NVIDIA product prices (60%-70% for DRAM, 20%-40% for HBM3e) are expected to impact gross margins, but the company has structured contracts to manage these costs effectively [27][29] - **Demand Trends**: Increased urgency from clients to secure allocations as prices rise, indicating strong demand for compute resources [30][31] Regional Focus - **India and Southeast Asia**: The AI data center market in India is projected to grow from **$1.9 billion to $4 billion** in the coming years, with significant infrastructure expansion [32][33] - **Global Expansion**: The company is also exploring opportunities in the Middle East, including Saudi Arabia and the UAE, while maintaining operations in Egypt [51][56] Compliance and Governance - **Regulatory Compliance**: Commitment to transparency and compliance with SEC reporting obligations, ensuring accurate disclosures [26][46] R&D and Product Development - **Video Analytics and SDK**: The company has an existing SDK for video analytics and is actively developing integrated solutions for smart city applications [60][61] Conclusion - Gorilla Technology Group is positioned for significant growth in the AI infrastructure and data center market, with a strong backlog, strategic partnerships, and a disciplined financial approach. The company is navigating challenges in the market while focusing on execution and compliance.

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $594 million, representing a year-over-year growth of 12% and an organic growth of 7% [15] - Adjusted EBITDA margin increased to 20.5%, up 480 basis points, indicating significant operational leverage [15] - Operating cash flow for the quarter was $139 million, with free cash flow of $120 million, and the company ended the quarter with $563 million in cash [15] Business Line Data and Key Metrics Changes - The electronics product segment saw sales increase by 21%, driven by strong organic sales in passive products and growth in protection semiconductor products [17] - The transportation product segment experienced a 1% increase in sales, but a 1% decline organically, primarily due to softer commercial vehicle volumes [18] - The industrial products segment reported a 4% increase in sales, but a 1% decline organically, as improved demand in energy storage and grid infrastructure was offset by lower HVAC demand [19] Market Data and Key Metrics Changes - The company noted double-digit revenue growth in high-growth markets such as data centers, grid and utility infrastructure, and renewables [5] - Automotive sales grew in the mid-single digits despite a decline in global vehicle production [5] - The company anticipates a significant investment of approximately $3 trillion in grid modernization through 2030, positioning itself for growth in this market [8] Company Strategy and Development Direction - The acquisition of Basler Electric is expected to enhance high-power capabilities and expand the company's position in key growth markets [4] - The company is focused on enhancing operational excellence and optimizing its semiconductor business to improve profitability [11][44] - A new go-to-market strategy is being implemented to better understand and solve customer technology challenges, particularly in the data center market [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with a robust backlog and significant momentum, expecting double-digit revenue growth in the first quarter [7] - There are emerging signs of a broad-based industrial recovery, with strong momentum in various segments [6][31] - The company is focused on being price-cost neutral amid rising commodity prices, with a strategy to manage inflation impacts effectively [34][35] Other Important Information - The company recorded a non-cash goodwill impairment charge of $301 million related to previous acquisitions, reflecting weaker sales and profitability than expected [16] - The company plans to provide a detailed review of its strategy and long-term financial goals at an Investor Day on May 14th [4][14] Q&A Session Summary Question: Data center market growth and opportunities - Management highlighted that design wins in the data center market more than doubled in 2025, indicating strong momentum and opportunities for growth [24][27] Question: Industrial market recovery signs - Management noted broader-based momentum in the industrial market, particularly in diversified industrial segments, while still facing softness in residential HVAC [30][31] Question: Impact of metals inflation on costs - Management discussed strategies to manage rising costs of metals like copper and silver, focusing on supply chain opportunities and pricing adjustments [34][35]

Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” investor letter for the fourth quarter of 2025. A copy of the letter can be downloaded here. Global equity markets delivered robust results in the quarter, backed by easing inflation trends and strong economic data. The Hardman Johnston Global Equity Strategy returned 2.91%, net of fees, compared to the MSCI AC World Net Index’s 3.29% gain. The Financials and Consumer Staples sectors c ...

Core Viewpoint - Energy Transfer (ET) shares experienced a 4.4% increase this week, driven by a significant rise in retail investor sentiment on Reddit, which surged 105% from neutral to very bullish [2][3]. Group 1: Investor Sentiment and Stock Performance - Retail investor sentiment on Reddit's r/wallstreetbets saw a notable increase, with a specific post titled "200k $ET yolo on MOASS" capturing attention and contributing to the bullish outlook [2][4]. - Despite a 7.4% decline in the stock over the past year, the recent sentiment shift indicates a growing interest among retail investors [2][3]. Group 2: Financial Metrics and Growth Plans - Energy Transfer is trading at a price-to-earnings ratio of 14x, with a dividend yield of 7.45%, which is significantly lower than the industry average of 20x [3][6]. - The company plans to allocate $5 billion to $5.5 billion for growth capital spending in 2026, focusing on natural gas pipelines to meet the increasing demand from data centers [3][6]. Group 3: Insider Activity and Market Position - Director Kelcy Warren has purchased millions of shares, indicating strong insider confidence despite recent earnings misses [3][6]. - Analysts maintain a consensus Buy rating for Energy Transfer, with a price target of $21.45, suggesting an 18% upside potential [7].

Market Overview - Recent market volatility has been influenced by tensions between the US and Europe, with concerns about President Trump's erratic behavior affecting investor sentiment [1] - Jim Cramer suggests that the market may be overreacting to current volatility and emphasizes the potential for a turnaround if positive news emerges from the President [1] Texas Roadhouse, Inc. (NASDAQ:TXRH) - Texas Roadhouse's shares have increased by 7% over the past year and 12.8% year-to-date [6] - BMO Capital raised the share price target to $170 from $155 while maintaining a Market Perform rating, citing potential challenges in 2026 due to cost and consumer spending pressures [6] - TD Cowen initiated coverage with a $215 price target and a Buy rating, highlighting the company's same-store sales and value perception [6] - Morgan Stanley also increased the price target to $208 from $205, maintaining an Overweight rating [6] Oracle Corporation (NYSE:ORCL) - Oracle's shares have decreased by 3.4% over the past year and 9% year-to-date [7] - Guggenheim reiterated a $400 price target and a Buy rating, calling Oracle its "Best Idea" in the software industry despite concerns over debt related to AI infrastructure spending [7] - Cramer discussed the importance of Oracle's ability to maintain investment-grade ratings and its potential for long-term growth [8] - Munro Global Growth Fund noted Oracle as a key detractor in performance, with scrutiny over its aggressive spending plans linked to OpenAI [8][9]