Although Plug Power Inc. shares soared 31% Tuesday after the alternative energy company announced a new funding arrangement, a BMO Capital Markets analyst isn’t convinced that better days are ahead. In fact, BMO’s Ameet Thakkar turned bearish on Plug Power’s stock PLUG, +0.56% Wednesday, writing that while the company revealed some “positives” on its business-update call a day before, he also sees an “increasingly arduous path” between “now and when and if” the company receives the money from the Depart ...

利普曼的商业抵押债券交易 - 格雷格·利普曼准备在商业抵押债券上展开下一个大交易[1] - 利普曼认为商业地产债务困境创造了机会[2] - 利普曼创立了对冲基金LibreMax Capital，专注于结构融资，目前管理资产达102亿美元[3] - 利普曼预计商业抵押支持证券的回收率将高于当前价格反映的水平[6] - 利普曼寻找老旧、错定价的支持不同物业类型贷款池的证券，而非单一纽约摩天大楼[11] - 利普曼认为商业地产价格下跌，但机会不会在未来三个月消失[21] LibreMax对商业抵押支持证券的看法 - LibreMax团队相信商业抵押支持证券市场存在被过度抛售的情况[5] - LibreMax寻找老旧、错定价的支持不同物业类型贷款池的证券，而非单一纽约摩天大楼[11] - LibreMax看好投资级BBB评级的支持证券，认为风险较低的证券有优势[12] - LibreMax并非唯一看好商业抵押支持证券的公司[14] DoubleLine对商业抵押支持证券的看法 - DoubleLine Capital的Morris Chen表示，市场上的资金正在关注这一领域[15] - Chen认为联邦储备信号将降息可能性激发了新的乐观情绪[16] - DoubleLine推出了新的交易所交易基金DoubleLine Commercial Real Estate ETF，专注于AAA到Single A-类别的高评级债券[19]

文章核心观点 - 自由港麦克莫兰公司第四季度利润和收入超华尔街预期，铜销量超此前估计，股价周三上涨6.3%，公司预计2024年黄金产量增加，铜产量持平 [1] 财务表现 - 第四季度收益降至3.88亿美元，合每股27美分，上年同期为6.97亿美元，合每股48美分 [1] - 调整后每股盈利27美分，超FactSet普遍预期的23美分 [1] - 第四季度收入从57.6亿美元增至59.1亿美元，超分析师普遍预期的58.5亿美元 [1] 产品销售情况 - 第四季度铜销量11亿磅，超10月预测，第一季度预计销售10亿磅铜 [2] - 2024年预计销售410万磅铜，与2023年持平 [2] - 第一季度预计产金57.5万盎司，高于第四季度的54.9万盎司 [2] - 2024年预计产金200万盎司，高于2023年的170万盎司 [2] 价格情况 - 第四季度铜平均实现价格为每磅3.81美元，低于2023年全年的每磅3.85美元 [2] - 第四季度黄金实现价格升至每盎司2034美元，高于2023年全年的每盎司1972美元 [3] - 第四季度钼价为每磅20.66美元，低于全年的24.64美元 [3] 股价表现 - 周三股价变动前，过去一年该股下跌18.2%，而标准普尔500指数上涨21.1% [3]

AT&T Inc. expects to see further improvements to free cash flow in the year ahead as its wireless and fiber businesses continue to grow.The telecom company on Wednesday reported $16.8 billion in free cash flow for last year, above its prior increased forecast of roughly $16.5 billion. Looking at 2024, AT&T T, +2.32% models $17 billion to $18 billion on the metric, whereas analysts were expecting $17.35 billion. Free cash flow is a key metric to AT&T investors given that it supports the company’s dividend, w ...

文章核心观点 - 德意志银行将奈飞评级从买入下调至持有，虽上调目标价但认为当前股价已充分反映其领导地位，后续市盈率扩张空间有限 [1] 分组1：股价表现 - 周三盘前交易中，奈飞股价上涨9%至539美元 [1] 分组2：评级与目标价调整 - 德意志银行将奈飞目标价从460美元上调至525美元，但将评级从买入下调至持有 [1] 分组3：公司地位与估值 - 奈飞是垂直整合的制作商、编程商和发行商中媒体领域最佳标的 [1] - 奈飞当前股价对应2024年预期每股收益的32倍和2025年的27倍，2024年每股收益增长预计达38%，2025年和2026年分别降至21%和16%，认为当前股价已充分反映其领导地位，市盈率扩张空间有限 [1] 分组4：业务情况 - 打击账号共享对2024年业绩仍有一定益处，但容易实现的成果已取得 [1] - 广告业务仍处于早期阶段，2024年重点是扩大广告层级用户基础和拓展国际销售，而非大幅提升广告收入 [2]

Futures showed the S&P 500 on course for another record as a batch of well-received earnings, calmer bond markets and a monetary boost in China lifted risk appetite.On Tuesday, the Dow Jones Industrial Average DJIA fell 96 points, or 0.25%, to 37905, the S&P 500 SPX increased 14 points, or 0.29%, to 4865, and the Nasdaq Composite COMP gained 66 points, or 0.43%, to 15426.What’s driving markets Technology stocks looked like leading Wall Street higher again on Wednesday, after Netflix NFLX, +1.33% jumped 10% ...

Europe’s largest tech company, ASML Holding, on Wednesday held onto its conservative outlook for 2024 despite promising signs of a recovery in the semiconductor industry that saw it receive a record €9.2 billion worth of orders in the final quarter of 2023. The Dutch company which makes the machines used to manufacture microchips saw its orders rise from €6.3 billion in the year-earlier quarter and €2.6 billion in the third quarter, as its books were bolstered by €5.2 billion in orders for its cutting-edge ...

Baker Hughes财报 - 公司第四季度净利润为4.39亿美元，每股收益为43美分，较去年同期的1.82亿美元或每股18美分有所增长[2] - 经过调整后，公司每股收益为51美分，FactSet调查的分析师预测调整后每股收益为48美分[3] - 收入增长16%，达到68.4亿美元，但未达到FactSet分析师预期的69.3亿美元[4] Baker Hughes业务发展 - Baker Hughes在最新季度的利润大幅增长，主要受益于更强劲的营收表现[1] - 公司首席执行官Lorenzo Simonelli表示，Baker Hughes正在努力成为一家更精益、更高效的能源技术公司，继续谨慎执行计划，以显著提高利润率[5]

Netflix Inc.’s growing advertising business is proving that the streaming company’s bet that its customers would tolerate commercials in exchange for a cheaper price is paying off, and Wall Street should win as well. In November 2022, Netflix launched ad-supported subscription tiers, a complete about-face on its longstanding policy to never have commercials on its service. Some were skeptical that this move, which harkens back to broadcast TV, would work.But Netflix is proving those naysayers, including thi ...

Intel Corp. just kicked off a pivotal year, and investors are about to learn more about what to expect from it. The chip company is in the midst of recovering off its lows, and its upcoming report Thursday afternoon will bear that out — adjusted earnings per share could rise more than 300% from a year earlier, while revenue is expected to increase by 8%. But Intel INTC, +1.39% still faces a host of uncertainties, as it prepares to relaunch its foundry business and makes a push to capture frenzied spending o ...