Volatility is a feature, not a bug, of liquid markets like the stock market, in which new prices might be found every millisecond. Now, I see myself as a long-term investor, and as such, I obviously do not care about milliseconds, seconds, minutes, or hours. Mostly, not even days. What weExcellent academic Finance background and Finance professional with over five years of cumulative experience in Consulting & Audit Firms including a professional Valuation position, FP&A and Controlling positions, and Finan ...

I’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 mic ...

I gave a hold rating to Jabil Inc. (NYSE: JBL ) in June because the valuation was too high at 19x NTM PE, albeit I did have a positive view on the fundamentals. JBL has deliveredI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to their intrinsic value ...

Costco delivered another rock-solid earnings report.Costco Wholesale (COST -2.92%) is one of the most dominant retailers in the world, and it continues to outpace its brick-and-mortar peers, quarter in and quarter out.Costco keeps opening stores around the world, differentiating itself from other retail giants like Walmart and Home Depot, and it's seeing strong growth in e-commerce, showing that there's plenty of untapped demand for the buy-in-bulk, big-box chain.Those trends were on display in Costco's fis ...

Hi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: Spotting high-potential winners before they break out, focusing on asymmetric opportunities (with at least upside potential of 2-3X outweighing the downside risk). By leveraging market inefficienci ...

公司：新东方教育科技集团 (New Oriental Education & Technology, EDU US) 财务表现与预期 * 公司预计其2026财年第一季度（1QF26）的收入和营业利润率（OPM）将超过此前指引的高端 收入此前指引为同比增长2-5% 营业利润率指引为同比提升0-0.5个百分点[1][2] * 业绩超预期主要得益于海外业务收入好于预期 实际同比变化为-5%至0% 优于此前指引的-5%[2] * 管理层维持2026财年全年收入增长指引为同比增长5-10% 营业利润率指引为持平至小幅增长[9] * 公司当前预测2026财年非GAAP营业利润为5.86亿美元（营业利润率11.1%）非GAAP净利润为5.49亿美元（净利润率10.4%）[9] 业务分部表现 * 海外业务收入仍面临挑战 同比预计下降5% 不确定性持续存在 尚未出现明确好转迹象[1][9] * 高中业务收入增长强劲 预计同比增长10-12%[9] * K9业务（义务教育阶段）增长加速 预计同比增长20% 并且在2026财年第二季度开始重新加速增长[9] 股东回报与估值 * 公司当前有为期三年的股东回报计划 承诺将不低于GAAP净利润的50%用于回报股东[4] * 管理层计划提高派息比率 目标是将50%以股息形式发放 其余用于股票回购[4] * 摩根士丹利维持对公司“持股观望”（Equal-weight）的评级 目标股价47美元 对应2026财年预期市盈率13.7倍[4] * 该估值基于公司2026至2029财年8.4%的盈利年复合增长率（CAGR）[4] 利润驱动因素与风险 * 成本控制努力 K9业务营业利润率的改善以及盈利性的东方甄选（East Buy）业务 预计将有助于抵消海外业务带来的拖累[9] * 上行风险包括：非学科辅导和智能学习设备的留存率超预期 其他新业务增长快于预期 留学需求更强力复苏[12] * 下行风险包括：竞争加剧 其直播电商业务的收入/盈利能见度相对教育业务较低 高中及非学科辅导监管政策可能发生变化[12] 行业：中国教育 行业观点与覆盖 * 摩根士丹利对中国教育行业的整体观点为“具吸引力”（Attractive）[6] * 研究覆盖范围内的公司包括新东方教育科技集团（评级：持股观望）和好未来教育集团（TAL Education Group, TAL US，评级：增持）[63]

For more on the Tik Tok deal and the broader impact on big tech, let's bring in Jeffrey's managing director and senior technology analyst, Brent Th. Brent, great to have you with us. Um, we just got a number in terms of valuation, $14 billion for US Tik Tok.What's your take. That's massively undervalued. I think Carter said it well.Like, how do you buy a blender for a higher market cap. This is crazy. I mean, the numbers got to be wrong.Uh, it doesn't make any sense. The market cap of Snap is 14. the market ...

Key Takeaways ConocoPhillips maintains a debt-to-capitalization of 26.4%, far below the industry's 49.1%.A strong balance sheet lets COP fund growth projects, acquisitions and dividend payments.COP trades at 5.37X EV/EBITDA, well below the industry average of 11.16X.ConocoPhillips (COP) is among the large oil and natural gas exploration and production companies, and therefore is highly vulnerable to fluctuations in commodity prices. Thus, just like any other upstream player, the company’s cash flow generati ...

U.S. stock futures are trading mixed on Thursday, September 25, 2025, as investors digest a flurry of economic data and brace for remarks from multiple Federal Reserve officials. The cautious sentiment follows two consecutive days of declines for the major U.S. indexes, driven by profit-taking in technology stocks and concerns over valuations.Premarket Trading Activity and Futures MovementsAs of early Thursday, futures tied to the S&P 500 (SPX) are slightly down by approximately 0.18% to 0.4%, while Nasdaq ...

评级与目标价调整 - Jefferies将Quanta Services评级从持有上调至买入 目标价从398美元提升至469美元 [1] - 股价在消息公布当日上涨超过3% [1] 增长驱动因素 - 公司可触达市场在多领域扩张 包括数据中心 可再生能源 输电系统和管道设施 [2] - 通过卓越执行力 稳固客户关系和熟练劳动力资源实现可持续增长 [2] 财务预测 - 预计2026至2030年每股收益复合年增长率达18.4% 高于市场共识预期的17.9% [2] - 当前估值水平提供具吸引力入场时机 股价已从夏季高点回调 [2]