FOURTH QUARTER AND FULL YEAR, DECEMBER 31, 2025 Cautionary Statement Regarding Forward-Looking Statements This Supplemental Information contains forward-looking information within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of certain securities laws including Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securitie ...

Key Takeaways UNG rose as heating demand surged, pushing U.S. natural gas futures above $7/MMBtu during the storm.XLY may face pressure as snowbound, high-income Northeast regions curb discretionary spending amid alerts.JETS is under pressure after 13,000 flight cancellations, raising lost revenues and operating costs.A powerful winter storm swept across much of the United States, stretching from Texas to New England, bringing heavy snow, ice and Arctic cold that disrupted daily life across large parts of t ...

分组1 - The stock market is experiencing mixed results, with the Dow down 285 points, S&P slightly up by 0.03%, and NASDAQ up by 28 points, indicating a focus on fundamentals moving forward [2] - Newor, a leading steel company, pre-announced earnings that fell short of expectations, yet the stock rose by approximately 12% following a Fed rate cut and tariffs on foreign steel, suggesting a buying opportunity if the stock dips [3][4] - Boeing is expected to report earnings after a significant stock increase, with a positive outlook for a multi-year turnaround, indicating potential for continued investment [4] 分组2 - General Motors is set to report earnings, with a historical pattern of underperformance in the initial trading hours, presenting a potential buying opportunity [5] - CSX and Union Pacific are highlighted as key players in the transportation sector, with expectations for positive performance [6] - Seagate, a storage and memory chip manufacturer, has seen a 25% increase in stock value this year due to rising demand from data centers, with expectations for a strong earnings report [8] 分组3 - Starbucks is reporting earnings and will follow up with an investor day, raising questions about the sustainability of its recent stock performance, which is considered overbought [10][11] - Generova, spun out from GE, has seen its stock price rise significantly, but high expectations may lead to a better entry point for investors [12] - Corning is noted for its strong prospects in data centers, with a recommendation to wait for a price drop to buy [13] 分组4 - Microsoft and Meta have faced stock price pressures, with Microsoft affected by concerns over generative AI, while Meta's stock has fluctuated following comments from its CEO about spending [14][15] - Tesla is positioned as a company focused on autonomous driving, with expectations that its upcoming earnings report could significantly boost its stock price [16] - Service Now is anticipated to be a critical report of the week, with the CEO needing to clarify the company's position amidst a stock decline [18][19] 分组5 - Honeywell's upcoming earnings report is complicated by its plans to split into multiple businesses, which may lead to stock volatility [21][22] - Caterpillar is expected to perform well due to its role in providing backup generators for data centers, contrasting with past performance trends [24] - Apple has faced stock declines due to rising storage costs, which may impact its gross margins, but the recommendation is to hold rather than trade [25][26] 分组6 - American Express typically reports strong earnings but often sees stock declines post-reporting, presenting a buying opportunity [27] - Chevron and Exxon are highlighted for their strong cash flow and buyback programs, with Chevron favored for its consistency and potential benefits from operations in Venezuela [28]

Group 1: Corporate Outlook - Executives are expressing concerns that jittery US consumers and geopolitical tensions are impacting demand as earnings season progresses [1][5] - Delta Air Lines and United Airlines have highlighted that geopolitical uncertainty is affecting their profit outlook and travel demand [2] - Consumer staples companies like Procter & Gamble and McCormick report that shoppers are remaining cautious [2] Group 2: Industry Performance - 3M Co. experienced a significant decline after its outlook missed estimates, citing uncertainty in consumer and auto sectors [3] - Fastenal Co. and JB Hunt Transport Services also reported disappointing results, indicating uneven demand and a fragile freight market [3] - Despite these challenges, about 80% of S&P 500 Index members reporting so far have exceeded analysts' expectations [4] Group 3: Economic Environment - Executives note that policy uncertainty and geopolitical risks are overshadowing otherwise positive economic fundamentals [5] - McCormick's CEO mentioned that the market environment is characterized by volatility, inflation pressure, and low consumer confidence [6]

My previous investment thought on Knight-Swift Transportation Holdings ( KNX ) was a hold rating, as the TL pricing trend was still weak and I saw risk to near-term LTL margins. After reviewing theI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to id ...

Market Overview - U.S. stock futures declined slightly after major indices posted gains for two consecutive days [1] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 all showed minor declines in premarket trading [4] Economic Data - U.S. Final GDP for Q3 was reported at 4.4%, exceeding estimates of 4.3% [2] - The Personal Consumption Expenditures (PCE) price index increased by 2.8% year-over-year, aligning with expectations [2] - The 10-year Treasury bond yield was at 4.23%, while the two-year bond yield was at 3.60% [3] - Market expectations indicate a 95% likelihood that the Federal Reserve will maintain current interest rates in January [3] Stocks in Focus - **Capital One Financial Corp.**: Shares fell 3.31% in pre-market trading after Q4 results missed analyst estimates [6] - **Revelation Biosciences Inc.**: Stock surged 38.11% after announcing an agreement with the FDA for its drug Gemini [6] - **Intel Corp.**: Shares dropped over 12% due to a weak Q1 outlook that fell short of expectations [6] - **CSX Corp.**: Stock rose 2.99% despite missing consensus estimates on both revenue and earnings [6] Sector Performance - Energy, materials, consumer discretionary, and health care sectors led gains in the S&P 500 on Thursday [7] Analyst Insights - Bank of America's fund manager survey indicates institutional investors are the most bullish since 2021, with 38% expecting stronger global growth [9] - The survey included 196 participants managing $575 billion in assets, showing a significant increase in equity allocations [9] - BofA's Bull & Bear Indicator rose to 9.4, indicating high optimism in the market [10] Commodities and Crypto - Crude oil futures increased by 1.03% to approximately $59.97 per barrel [11] - Gold Spot price rose by 0.19% to around $4,918.76 per ounce [11] - Bitcoin traded 0.40% lower at $89,258.41 per coin [11]

重庆市发展和改革委员会22日发布消息称，2025年推动成渝地区双城经济圈建设"十项行动"年度重大项 目建设硕果盈枝，181个重大项目累计完成投资2961.44亿元，年度投资完成率114.96%，重点领域齐头 并进、多点开花。 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 科技创新与开放项目完成投资172.71亿元，年度投资完成率125.43%。西部陆海新通道建设成效显著， 重庆南部综合物流园等重点节点加速成型，"防城港—綦江"货运班列稳定开行，"氢走廊"综合能源站投 用，"通道+枢纽+网络"的现代物流体系日益完善。 此外，生态、消费与民生项目完成投资796.63亿元，年度投资完成率114.01%。其中，龙溪河生态修复 综合整治项目实现支流水质稳定达标，防洪护岸与污水治理同步提质，打造出渝东北生态修复的示范流 域。解放 ...

Core Viewpoint - Berkshire Hathaway Inc. (BRK.B) is expected to report a decline in earnings per share (EPS) for the fiscal fourth quarter of 2025, reflecting broader challenges in its financial performance [2][3]. Financial Performance - Analysts anticipate BRK.B will report a profit of $4.89 per share on a diluted basis, which is a decrease of 27.3% from $6.73 per share in the same quarter last year [2]. - For the full fiscal year, EPS is projected to be $20.86, down 5.2% from $22 in fiscal 2024, and is expected to decline further to $19.98 in fiscal 2026, representing a year-over-year decrease of 4.2% [3]. Stock Performance - Over the past 52 weeks, BRK.B stock has underperformed the S&P 500 Index, which gained 13.7%, with BRK.B shares only increasing by 3.3% during this period [4]. - The stock also lagged behind the Financial Select Sector SPDR Fund, which saw a gain of 5.6% in the same timeframe [4]. Recent Earnings Report - On November 1, 2025, BRK.B reported its Q3 results, showing a year-over-year EPS increase of 17.2% to $14.28, although its insurance-investment income fell to $3.2 billion, down 13.2% year over year [5]. Analyst Ratings - The consensus opinion on BRK.B stock is moderately bullish, with a "Moderate Buy" rating. Among six analysts, two recommend a "Strong Buy" and four suggest a "Hold" [6]. - The average analyst price target for BRK.B is $537.75, indicating a potential upside of 11.1% from current levels [6].

Company Overview - American Electric Power Company, Inc. (NASDAQ:AEP) is involved in generating, transmitting, and distributing electricity using a mix of coal, natural gas, nuclear, renewable, and other energy sources [2]. Investment Insights - AEP is considered a strong utility stock and has been favored by investment analysts for multiple years [1]. - There is a comparison made between AEP and other sectors such as transport (Uber), retail (Amazon), tobacco (Philip Morris), and technology (NVIDIA), highlighting the diversification of the portfolio [1]. Market Position - While AEP shows potential as an investment, some analysts suggest that certain AI stocks may offer greater upside potential and carry less downside risk [3].

Core Insights - The U.S. Labor Economy, comprising roughly 60 million workers earning less than $25 an hour, significantly impacts consumer spending, accounting for about 15% of total U.S. consumer spending [1][5] - Recent data indicates a 0.81% month-over-month decline in average hourly wages for Labor Economy workers, leading to an estimated $14 billion annualized reduction in consumer spending [3][10] - Personal job-security sentiment among Labor Economy workers has sharply decreased by 6.7 points in one month, exacerbating financial pressures [3][10] Economic Impact - The Labor Economy serves as a stabilizing force for GDP due to its spending being tied to essential needs, with pullbacks in this group affecting demand in sectors reliant on consistent consumer traffic [5][10] - As wages fluctuate, spending becomes more about necessity rather than confidence, particularly for households with limited savings [5][10] Credit Utilization - Over one-third (33.8%) of Labor Economy workers typically carry a revolving credit card balance, compared to less than 25% of the broader population [6][10] - Average outstanding credit card balances for these workers exceed 22% of their annual income, indicating that credit is primarily used to manage cash flow rather than for discretionary spending [7][10] Spending Patterns - Labor Economy workers predominantly spend on local, necessity-driven categories such as groceries, fuel, food service, and basic retail [8][9] - Credit is utilized to cover essential expenses and offset inflation in unavoidable categories like food and utilities, allowing households to maintain their routines [8][10] Economic Resilience - The reliance on credit is increasing not due to excess but due to economic fragility, highlighting the importance of the Labor Economy's financial resilience for stable consumer demand and broader economic growth [10]