Strong stock market gains have begun to spread beyond large tech companies at the start of the year. One destination for investor money in January was the construction and engineering company Flour (NYSE: FLR). The stock popped 16.6% in January, according to data provided by S&P Global Market Intelligence. Investors look to be buying the dip after Flour shares lost almost 20% in 2025. A growing business backlog has sparked renewed confidence in the company. Investors will hear more when Fluor reports its ...

Core Viewpoint - Sigma has announced a collaboration with Snowflake to support the launch of Snowflake's new Energy Solutions, aimed at helping energy organizations utilize data and AI more effectively across their operations [1] Group 1: Collaboration Details - The partnership between Sigma and Snowflake is focused on empowering oil and gas, power, and utilities providers [1] - The collaboration aims to modernize infrastructure and improve efficiency within the energy sector [1] - The initiative is expected to accelerate progress in the energy industry through enhanced data and AI applications [1]

Financial Data and Key Metrics Changes - Q4 core FFO was $1.44 per share, finishing at the top end of guidance ranges [10] - Average occupancy was 95.3% for Q4 and 95% for the full year, with period-end occupancy at 95.8% [10] - Same-store NOI growth was 4.7% on a net effective basis and 5.7% on a cash basis, exceeding guidance [11] - Net effective rent change for the year was over 50%, with a quarterly change of 44% [10][11] Business Line Data and Key Metrics Changes - The company signed 57 million sq ft of leases in Q4, driving occupancy towards 96% [9] - Development platform, particularly build-to-suits, exceeded expectations, capturing significant market share [9] - The Data Center business saw a growing power pipeline, with expectations for solid starts in the upcoming year [9] Market Data and Key Metrics Changes - Q4 net absorption was 59 million sq ft in the U.S., leading to a decline in U.S. vacancy to 7.4% [14] - Many markets are experiencing a slowdown in rent decline, with some showing positive growth [14] - International markets, particularly in Latin America and Europe, are outperforming, with strong occupancy and rent growth [16] Company Strategy and Development Direction - The company focuses on three priorities: extending leadership as a best-in-class operator, capturing value creation opportunities in logistics and data centers, and enhancing shareholder returns through growth in assets under management [7][8] - The company aims to develop critical infrastructure in logistics and data centers, leveraging customer relationships and expertise [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational momentum and strategic initiatives in place for 2026, indicating a strong position for long-term growth [22] - The tone of customer conversations is increasingly positive, with e-commerce driving demand [15] - Management noted that while uncertainties exist, they are treated as planning assumptions rather than impediments [15] Other Important Information - The company sold approximately $900 million of value-maximized assets and acquired $625 million at attractive discounts [11] - The company achieved significant milestones in strategic capital, including the IPO of the China AMC Prologis Logistics REIT [17] Q&A Session Summary Question: Changes in strategic initiatives with new leadership - Management highlighted a focus on compounding the core logistics business while broadening the platform, with plans to grow strategic capital significantly [24][25] Question: Market rent growth expectations for 2026 - Management expects net absorption to approach 200 million sq ft in 2026, with vacancies declining to 7.1%-7.2% by year-end [33] Question: Data Center project details and guidance - Management indicated that 40% of the overall development starts guidance will be in Data Centers, with a mix of powered shell and turnkey projects [38] Question: Update on the 10 GW power outlook - Management remains confident in the 10 GW pipeline, emphasizing the significant opportunities available [43] Question: Capital deployment pipeline and ramp-up - Management noted that capital deployment decisions are made based on market conditions, with a significant number of opportunities available [56][57] Question: Same-store growth guidance breakdown - Management indicated that occupancy gains are expected across geographies, with a smaller contribution from mark-to-market as rent changes normalize [79]

Core Viewpoint - Shell plc (NYSE:SHEL) is recognized as one of the best non-US stocks to buy according to hedge funds, following its announcement of a significant investment decision regarding the waterflood project at the Kaikias field in the US Gulf of Mexico [1] Group 1: Project Details - The Kaikias waterflood project will utilize the waterflood method to enhance oil recovery, injecting water to displace oil into adjacent production wells [2] - This project is expected to increase recoverable resource volumes by approximately 60 million metric barrels of oil equivalent and extend the production lifecycle of the Ursa platform by several years [2] Group 2: Ownership and Stake - Shell currently holds a 61.3484% ownership stake in the Ursa asset, alongside BP Exploration & Production Inc. and ECP GOM III [3] Group 3: Market Sentiment - Wall Street analysts remain optimistic about Shell's stock, with Michele Della Vigna from Goldman Sachs and Lydia Rainforth from Barclays both maintaining a Buy rating and a price target of £2,686.5 [4]