Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Investors might want to bet on CBOE Global (CBOE) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors o ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum i ...

Investors might want to bet on Bank of NT Butterfield & Son (NTB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...

Anavex Life Sciences (AVXL) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Financial Data and Key Metrics Changes - In Q4 2025, adjusted EBITDA was $285 million, a 4% year-over-year increase driven by higher gathering and compression volumes [5] - Free cash flow after dividends for Q4 was $85 million, contributing to a leverage reduction to 2.7x and approximately $48 million in share repurchases [5] - For the full year 2025, free cash flow after dividends reached a record $325 million, a 30% increase compared to 2024 [5] Business Line Data and Key Metrics Changes - The acquisition of HG Midstream for $1.1 billion adds over 400 undeveloped locations in the Marcellus Shale, enhancing Antero Midstream's competitive position [3] - The company expects 8% year-over-year EBITDA growth and 11% year-over-year free cash flow growth in 2026, driven by the integration of the acquired assets [4][7] Market Data and Key Metrics Changes - The company anticipates generating over $1.2 billion in adjusted EBITDA for 2026, reflecting an 8% increase year-over-year [7] - The capital budget for 2026 is set between $190 million and $220 million, focusing on well connections, water capital, and compression asset integration [6] Company Strategy and Development Direction - Antero Midstream's strategy emphasizes capital-efficient organic growth and the integration of acquired assets to enhance free cash flow [3][8] - The company aims to maintain a strong balance sheet with leverage in the low 3x range while executing a balanced return of capital program [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued EBITDA growth and capital efficiency, projecting high single-digit growth beyond 2027 [12] - The integration of the water system and the development program is expected to provide significant growth visibility [4] Other Important Information - The company achieved a 20% return on invested capital (ROIC) in 2025, indicating strong capital efficiency [5] - The acquisition is fully financed, allowing for value accretion to existing shareholders without the need for equity financing [8] Q&A Session Summary Question: Long-term growth outlook post-acquisition - Management indicated that the 3 rig, 2 crew program will support continued growth beyond 2027, with expected throughput volume growth of about 200 million a day [12] Question: Growth plans for Antero Resources (AR) and implications for Antero Midstream (AM) - Management noted that AM's capital requirements remain minimal due to existing infrastructure, while AR is well-positioned to meet growing demand over the next 5-10 years [15][16]

Financial Data and Key Metrics Changes - The company reported Q4 AFFO per share of $0.45, with full year AFFO at $1.78 per share, representing a 2.9% growth over 2024 [22] - Q4 cash rental income was $67.5 million, reflecting an 11.1% growth compared to the previous year [23] - Annualized cash-based rent at quarter end was $264.2 million, with a weighted average five-year annual cash rent escalator of 1.5% [23] Business Line Data and Key Metrics Changes - In Q4, the company acquired 30 properties for $95 million at a blended cap rate of 7%, marking a 20 basis point expansion over the previous quarter [12] - Total investment volume for 2025 increased by 20% from 2024, with 53 unique transactions completed [13] - The company maintained a portfolio occupancy rate of 99.6%, with 95% of leases expiring in 2025 remaining occupied [24] Market Data and Key Metrics Changes - The company sidestepped major tenant credit issues, reporting zero bad debt expense in 2020 and 2025 [6] - Rent coverage in Q4 was 5.1x for the majority of the portfolio, among the strongest in the net lease industry [6] - The company has diversified its rent sources, with 37% coming from outside casual dining, including automotive service (13%), quick service restaurants (11%), and medical retail (10%) [9] Company Strategy and Development Direction - The company focuses on acquiring high-quality real estate occupied by creditworthy tenants, avoiding problematic retail sectors [5][9] - The strategy includes expanding into new retail categories such as grocery and equipment rental, while maintaining a cautious approach to acquisitions [10][15] - The company aims to leverage its strong balance sheet and low leverage to capitalize on acquisition opportunities in 2026 [11][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current market, citing a favorable debt capital environment and ample liquidity [19][20] - The company anticipates continued growth in 2026, supported by a strong pipeline of acquisition opportunities and a disciplined capital allocation strategy [17][76] - Management highlighted the importance of maintaining a balanced approach to real estate and credit, avoiding sectors with high risk [46] Other Important Information - The company has no debt maturities until December 2026, with a focus on managing minor upcoming maturities [21] - The company reported a significant gap between its implied cap rate and the blended cap rate of recently sold net lease properties, indicating potential undervaluation [25] Q&A Session Summary Question: Can you discuss the market for United Rentals and industrial outdoor storage? - Management noted the attractiveness of the sector, highlighting the large addressable market and the potential for creditworthy tenants [28] Question: What is the status of the Bahama Breeze locations? - Management confirmed that several locations will be converted to other Darden brands, with strong interest from potential new tenants [32][38] Question: How does the company manage its balance sheet and leverage? - Management emphasized a disciplined approach to capital allocation, with a focus on maintaining low leverage while pursuing accretive acquisitions [41] Question: What is the company's exposure to Red Lobster? - Management indicated that Red Lobster is performing better under new ownership, with stores predominantly under a master lease [45] Question: Are there any sectors the company is avoiding? - Management reiterated its focus on balanced real estate and credit, avoiding sectors that have not proven resilient through cycles [46]

Novo Nordisk A/S (NYSE:NVO) plans to start selling its blockbuster obesity drug Wegovy in vials, marking its latest effort to strengthen its position against rival Eli Lilly and Co. (NYSE:LLY) as competition intensifies in the fast-growing weight-loss market.Currently, Novo markets Wegovy in prefilled injector pens.Lilly began offering vials of Zepbound in 2024 amid widespread shortages, when demand outpaced its ability to manufacture sufficient pen devices.Eli Lilly CEO Dave Ricks said earlier this month t ...

Financial Data and Key Metrics Changes - In Q4 2025, adjusted EBITDA was $285 million, a 4% year-over-year increase driven by higher gathering and compression volumes [5] - Free cash flow after dividends for Q4 was $85 million, contributing to a leverage reduction to 2.7x and approximately $48 million in share repurchases [5] - For the full year 2025, free cash flow after dividends reached a record $325 million, a 30% increase compared to 2024 [5] Business Line Data and Key Metrics Changes - The acquisition of HG Midstream for $1.1 billion adds over 400 undeveloped locations, enhancing Antero Midstream's competitive position in the Marcellus Shale [3] - The company expects 8% year-over-year EBITDA growth and 11% year-over-year free cash flow growth in 2026 [4][7] Market Data and Key Metrics Changes - The capital budget for 2026 is set between $190 million and $220 million, focusing on well connections, water capital, and compression asset integration [6] - The forecast for 2026 includes adjusted EBITDA of over $1.2 billion, reflecting an 8% increase year-over-year [7] Company Strategy and Development Direction - The company emphasizes a just-in-time capital investment strategy that generates consistent free cash flow [3] - The integration of the acquired water system and investment in dry gas assets are expected to provide high visibility into growth [4] - The strategy includes a balanced return of capital program through debt reduction and share repurchases [8] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued growth beyond 2027, with mid- to high single-digit EBITDA growth expected [12] - The company is well-positioned to meet growing demand over the next 5-10 years due to its strategic location and infrastructure [16] Other Important Information - The company achieved a 20% return on invested capital (ROIC) in 2025 [5] - The acquisition is fully financed, allowing for value accretion to existing shareholders without equity financing [8] Q&A Session Summary Question: Long-term growth outlook post-acquisition - Management indicated that the 3-rig, 2-rig program will support continued growth beyond 2027, with expected throughput volume growth of about 200 million a day [12] Question: Growth plans for Antero Resources (AR) and implications for Antero Midstream (AM) - Management noted that there is minimal additional capital required for AM due to existing infrastructure, and AR is well-positioned to meet growing demand with firm transport options [14][16]