Royal Caribbean (RCL) is rising 7% today after the cruise operator reported higher-than-expected fourth-quarter earnings per share. Moreover, the midpoint of the firm’s full-year EPS guidance range came in above analysts’ average estimate. A Look at RCL’s Q4 Results and Its Full-Year EPS Guidance The company generated Q4 EPS, excluding certain items, of $1.63, versus […]
Utility stocks (XLU) are rebounding Tuesday morning following yesterday's market downturn triggered by Chinese artificial intelligence (AI) startup DeepSeek. Jefferies managing director of US power, utilities, and clean energy research Paul Zimbardo joins Morning Brief to analyze the sector's outlook. Zimbardo cautions that energy names aren't out of the woods yet, describing the DeepSeek situation as "the first wrinkle" in the yearlong AI trade. He explains that investors' previous bullish stance on utilities stemmed from expectations that AI's power demands would drive "significantly higher power contracts." "Hopefully we can ... resume some of that upward trend, but this really does kind of cast some uncertainty into that thesis," he notes. For investors seeking opportunities in the sector, Zimbardo recommends two picks: PPL Corporation (PPL) for traditional utility exposure and Talen Energy Corporation (TLN) in the power company category. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
This story incorporates reporting fromBenzinga.com, The Associated Press - Business News on MSN.com and The Wall Street Journal on MSN.com.General Motors reported a fourth-quarter loss attributed primarily to $5 billion in charges connected to its operations in China and difficulties in its robotaxi business. Despite these setbacks, the company still managed to surpass Wall Street’s expectations for both revenue and earnings. The automotive giant’s cash flow increased by 1.6% year over year, amo
MicroStrategy coming offering of $250 million of convertible preferred securities is due to carry an attractive yield of 8% and could appeal to retail investors. MicroStrategy, the largest corporate Bitcoin holder, has about $6 billion of convertible debt outstanding and the coming preferred deal to be known by its ticker STRK will be its first preferred offering. Preferreds are a form of equity senior to common stock and junior to corporate debt.
Lockheed Martin Corp (NYSE:LMT) shares are trading lower after the company reported mixed fourth-quarter 2024 results. The company reported a net sales decline of 1.3% year-over-year to $18.622 billion, missing the consensus of $18.91 billion. LMT reported Adjusted EPS of $7.67, beating the consensus of $6.64. The gross margin contracted 845 bps to 3.7%, and the gross profit fell 70% year over year to $690 million. Aeronautics sales were $8.009 billion (+5% YoY), and the operating margin was 5.4