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Data Update 2 For 2026: Equities Get Tested And Pass Again
investment

Data Update 2 For 2026: Equities Get Tested And Pass Again

Aswath Damodaran14.97K FollowersFollow5ShareSavePlay(17min)CommentsSummaryIt was a disquieting year, as political and economic news stories shook the foundations of the post-war economic order, built around global trade and the US dollar.In this post, I will focus on US equities, starting with the indices and then deconstructing the data to see the differences in the cross-section.I will use this post to update the equity risk premium for the S&P 500 and estimate a value for the index with a 'reasonable' equity risk premium. PhotoLife94/iStock via Getty Images It was a disquieting year, as political and economic news stories shook the foundations of the post-war economic order, built around global trade and the US dollar. In fact, if you had just read the news all through theThis article was written byAswath Damodaran14.97K FollowersFollowI teach corporate finance and valuation at the Stern School of Business at New York University. I am a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about my experiences. As a result, I happen to be at the intersection of three businesses, education, publishing and financial services, that are all big, inefficiently run and deserve to be disrupted. I may not have the power to change the status quo in any of these businesses, but I can stir the pot. Please note that the article that you are reading here was originally written on my blog and is republished in Seeking Alpha and other forums. Consequently, I neither track nor respond to comments here. I am sorry!   ==Editors' Note: Seeking Alpha monitors Dr. Damodaran blog and posts relevant articles on his behalf.

Hera S.p.A. (HRASF) Discusses Multi-Business Model and Strategic Outlook in New Business Plan Presentation Transcript
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Hera S.p.A. (HRASF) Discusses Multi-Business Model and Strategic Outlook in New Business Plan Presentation Transcript

SA Transcripts157.84K FollowersFollow5ShareSaveCommentssvg]:max-h-full [&>svg]:shrink-0 [&>svg]:grow [&>svg]:fill-current size-24 m-0">Play Earnings Callsvg]:max-h-full [&>svg]:shrink-0 [&>svg]:grow [&>svg]:fill-current mr-8 size-24">Play Earnings Call Hera S.p.A. (HRASF) Discusses Multi-Business Model and Strategic Outlook in New Business Plan Presentation January 20, 2026 7:00 PM EST Company Participants Cristian Fabbri - Executive Chairman & Ad Interim Group Market ManagerOrazio Iacono - CEO, Renewable Energies ad interim & Director Conference Call Participants Javier Suarez Hernandez - Mediobanca - Banca di credito finanziario S.p.A., Research DivisionEmanuele Oggioni - Kepler Cheuvreux, Research DivisionRoberto Letizia - Equita SIM S.p.A., Research DivisionFrancesco Sala - Banca Akros S.p.A., Research DivisionDavide Candela - Intesa Sanpaolo Equity Research Presentation Operator Good afternoon, and welcome to Hera Group's new Business Plan to 2029 presentation. The floor now goes to Mr. Cristian Fabbri, Hera's Executive Chairman. Cristian FabbriExecutive Chairman & Ad Interim Group Market Manager Thank you, and good afternoon, everybody. We are here to illustrate our business plan today. But as usual, let's begin by giving you our best possible forecast regarding 2025 results with an EBITDA, which stands above EUR 1.530 billion, with a net profit, which stands above EUR 460 million, up 4% compared to last year and with a net debt-to-EBITDA ratio, which is lower than 2.6x. This is a very positive result for us, allowing us to be stable as far as debt is concerned compared to the previous year. With a further growth in profit despite the fact that, as you can see on the graph on the right-hand side, we had a sharp dip in temporary opportunities, which as far as net profit is concerned, have been entirely offset by organic growth. Over the past 6 years, temporary opportunities have given us an accumulated EBITDA contribution wor

Nat-Gas Prices Underpinned by a Historic US Winter Storm
investment

Nat-Gas Prices Underpinned by a Historic US Winter Storm

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Nat-Gas Prices Underpinned by a Historic US Winter Storm January 24, 2026 — 01:06 am EST Written by Rich Asplund for Barchart-> February Nymex natural gas (NGG26) on Friday closed up by +0.230 (+4.56%).Feb nat-gas prices settled sharply higher on Friday but remained below Thursday's 3-year nearest-futures high.  Nat-gas prices have surged this week as a historic winter storm that will dive into the US this weekend will boost heating demand and drain nat-gas inventories.  Natural gas prices have surged more than 60% this week on forecasts of Arctic weather invading the US, potentially disrupting US gas production as water freezes in gas pipelines.   According to AccuWeather, a massive Arctic cold front will descend into the US as far south as Texas this weekend, bringing below-normal temperatures to more than 150 million people across 24 states.   Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  Also, the frigid conditions expected in Texas this weekend, where key gas production sites are located, and infrastructure is less hardened to cold weather, increase the risk of temporary outages and reduced nat-gas production.  On Thursday, Texas Governor Abbott issued disaster declarations for more than half the counties in the state ahead of the winter storm.Projections for lower US nat-gas production are supportive for prices.  The EIA last Tuesday cut its forecast for 2026 US dry nat-gas production to 107.4 bcf/day from last month's estimate of 109.11 bcf/day.  US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high.US (lower-48) dry gas production on Fri

Lithium Junior Miners News For The Month Of January 2026
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Lithium Junior Miners News For The Month Of January 2026

Trend InvestingInvesting Group LeaderFollow5ShareSavePlay(30min)CommentsSummaryChina lithium carbonate spot prices and spodumene spot prices surged significantly higher the past month.Lithium market news - Katusa Research is forecasting a small lithium deficit to begin in 2026.Junior lithium miner company news - EUR sells a further 5m CRML shares for ~A$124m. Savannah Resources approval of up to €110m Portuguese State Grant for the Barroso Lithium Project.PMET Resources - Wide, high-grade lithium intercepts at Vega Zone (55.0m at 2.58% Li2O, 24.7m at 4.00% Li2O). Q2 Metals extends the known mineralized zone with 179.2m intercept of 1.24% Li2O at the Cisco Lithium Project.I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Just_Super/iStock via Getty Images Welcome to the January 2026 edition of the 'junior' lithium miner news. We have categorized those lithium miners that are not in commercial production as the juniors. Note: Investors are reminded that many of the lithiumThis article was written byTrend Investing26.84K FollowersFollowThe Trend Investing group includes qualified financial personnel with a Graduate Diploma in Applied Finance and Investment and well over 20 years of professional experience in financial markets. They search the globe for great investments with a focus on trending and emerging themes. The current focus is on electric vehicles, the EV metals supply chain, stationary energy storage and AI.They lead the investing group of the same brand name, Trend Investing. Features of the service include: Access to the Trend Investing portfolio, 7 monthly news updates, a monthly macro trends update, stock watchlist, CEO interviews, and direct access to the community and group leaders in chat.Analyst’s Disclosure: I/we have a beneficial long position in the shares of GLOBAL X LITHIUM ETF (LIT), CONTEMPORARY AMPEREX TECHNOLOGY CO [HK:3750], ASX:RI

Kiniksa: Arcalyst Is The Engine, But KPL-387 Is The Accelerator
investment

Kiniksa: Arcalyst Is The Engine, But KPL-387 Is The Accelerator

Equity Eagle1.03K FollowersFollow5ShareSavePlay(14min)CommentsSummaryKiniksa transitions from survival risk to growth, targeting dominance in the pericarditis market with robust cash flow and expanding margins.KNSA's Arcalyst drives revenue growth, with 2026 guidance of $900–$920 million, approaching blockbuster status and supporting self-funding operations.Pipeline evolution with KPL-387 aims to improve adherence, capture full economics, and expand the addressable market, with Phase 2 data in H2 2026 as a key catalyst.Risks center on revenue concentration in Arcalyst and profit-sharing with Regeneron, but strong balance sheet and market penetration support a favorable outlook. Just_Super/iStock via Getty Images Kiniksa (KNSA) is currently at an important inflection point where the focus has changed from commercial execution risk to expanding their pipeline of products and increasing their margins. Instead of being concerned with their abilityThis article was written byEquity Eagle1.03K FollowersFollowI have a strong inclination towards high-growth companies, often treading in sectors poised for exponential expansion. My expertise lies in understanding and investing in disruptive technologies and forward-thinking enterprises. My approach is a mix of fundamental analysis and future trend prediction. I believe in the power of innovation to yield substantial returns and aim to provide insightful analysis on such companies here on SeekingAlpha.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as

Legal AI giant Harvey acquires Hexus as competition heats up in legal tech
technology

Legal AI giant Harvey acquires Hexus as competition heats up in legal tech

Harvey, the high-flying legal AI startup, has acquired Hexus — a two-year-old startup that builds tools for creating product demos, videos, and guides — as the company continues its aggressive expansion amid fierce competition in the legal tech market. Hexus founder and CEO Sakshi Pratap, who previously held engineering roles at Walmart, Oracle, and Google, tells TechCrunch that her San Francisco-based team has already joined Harvey, while the startup’s India-based engineers will come onboard once Harvey establishes a Bangalore office. Pratap adds that she will lead an engineering team focused on accelerating Harvey’s offerings for in-house legal departments. “What we’re bringing to Harvey is deep experience building enterprise AI tools in adjacent problem spaces,” Pratap said. “This expertise helps Harvey move faster in a market that’s becoming increasingly competitive.” Hexus had raised $1.6 million from Pear VC, Liquid 2 Ventures, and angel investors before the acquisition. While Pratap declined to share deal terms, she said the structure was aligned around “long-term team incentives.” The acquisition comes as Harvey looks to cement its position as one of AI’s hottest startups. The company confirmed last fall that it’s now valued at $8 billion after raising $160 million, bringing its funding across 2025 to $760 million. Andreessen Horowitz led that newest round, joined by new investors T. Rowe Price and WndrCo, alongside existing backers Sequoia Capital, Kleiner Perkins, Conviction, and angel investor Elad Gil. (It started the year with a $3 billion valuation after Sequoia led a $300 million Series D round in the company.) Harvey now claims more than 1,000 clients across 60 countries, including a majority of the top 10 U.S. law firms. When TechCrunch spoke with co-founder and CEO Winston Weinberg in November, he traced Harvey’s origin story back to a cold email sent to OpenAI CEO Sam Altman. Weinberg, then a first-year associate at O’Melveny & Myers, and co-f

Supply Chain 'Bottlenecks' May Be An Investment Opportunity
investment

Supply Chain 'Bottlenecks' May Be An Investment Opportunity

TD Wealth5.1K FollowersFollow5ShareSavePlay(12min)CommentsSummaryInvestors should be patient and not overreact to geopolitical headlines.Stocks benefitting from supply bottlenecks may be worth watching.Signals in the credit market may be positive for markets. MoMo Productions/DigitalVision via Getty Images Supply chain disruptions aren’t just a risk, they can be an investing opportunity. Benjamin Gossack, Managing Director and Co-Head of Global Equity Portfolio Management with TD Asset Management, joins MoneyTalk to discuss how “bottlenecks” may create potential openings for investors.This article was written byTD Wealth5.1K FollowersFollowTD Wealth is an integral part of the TD Bank Group, which has approximately 24 million customers worldwide, 85,000 employees and CDN $1 trillion in assets on April 30, 2015. In Canada, TD Wealth services customers through: · TD Direct Investing which provides clients access to the information, tools and support that empower them to invest for themselves with confidence. · TD Wealth Private Client Group, which provides discretionary wealth management for high net worth clients and businesses. · TD Wealth Private Investment Advice provides full service brokerage for investors who want a high level of tailored advice and solutions. · TD Wealth Financial Planning develops and implements a financial plan for individual clients. At TD Wealth, whether you invest yourself or benefit from the knowledge provided by your advisor, you gain access to some of the industry's most highly regarded investment analysts, economists and market strategists.

Groupe Dynamite: When The Bottom Never Comes
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Groupe Dynamite: When The Bottom Never Comes

Pedro Goulart822 FollowersFollow5ShareSavePlay(11min)CommentsSummaryGroupe Dynamite is upgraded to 'Buy' with an $85 short-to-medium-term target, reflecting robust execution and margin expansion.GRGD delivered 31.6% same-store sales growth and 40.7% revenue growth, underpinned by luxury-inspired positioning and disciplined cost control.Management announced a $2.30/share special dividend, maintaining strong cash reserves and signaling ongoing optionality for capital allocation.Valuation scenarios support upside, with fair value anchored near the bull case as GRGD consistently beats estimates and sustains high FCF. StudioKreativa/E+ via Getty Images Last October, I told you I was itching for a pullback in Groupe Dynamite (GRGD:CA) - a fast-growing Canadian apparel retailer—so I could finally snag a piece of this gem. With the valuation stretched andThis article was written byPedro Goulart822 FollowersFollowI’m an equity analyst and founder of Goulart’s Restaurant Stocks, a research firm focused on the U.S. restaurant industry — from quick-service and fast casual to fine dining and niche concepts. I lead all thematic research and valuation efforts, applying advanced financial modeling, sector-specific KPIs, and strategic insights to uncover hidden value across public equities. In addition to restaurants, I cover consumer discretionary, food & beverage, casinos & gaming, and IPOs, with a particular focus on micro and small caps that are often overlooked by mainstream analysts. My research has been featured on Seeking Alpha, Yahoo Finance, Mises Institute, Investing.com and other plataforms. My background combines hands-on experience in finance and business management with academic foundations. I hold an MBA in Controllership and Accounting Forensics, a Bachelor’s in Business Administration. I’ve also pursued specialized training in valuation, financial modeling, and restaurant operations (I had a brief experience as an undergraduate as a franchise partner for a