Astrada Advisors downgraded Qfin Holdings from Buy to Hold/Neutral citing deteriorating fundamentals, rising regulatory challenges, and a significant RMB 500 million tax charge impacting Q2 earnings. The company faces increased risk metrics and a shrinking loan market, causing earnings to become more volatile and less predictable. Despite these challenges, Qfin's strong balance sheet, a 2.5x forward earnings multiple, and a 5% dividend yield help limit further downside risk. Investors are advised to remain cautious due to weak guidance and ongoing macroeconomic and regulatory uncertainties.
BYD Company Limited reported strong Q2 2026 results with earnings per share of $0.14, beating analyst estimates of $0.11. The company leads the global electric vehicle market by delivery volume and outperforms competitors like Tesla in profit margins...
SentinelOne reported Q2 fiscal 2027 revenue of about $292 million, a 21% increase year-over-year, beating estimates. Bernstein kept its Outperform rating and raised the price target from $19 to $21. Despite strong earnings and a 10% non-GAAP operatin...
Hafnia Limited reported a robust Q2 2026, achieving a net profit of $278 million and an EPS of $0.56, surpassing analyst expectations. The company benefits from a younger-than-average fleet and increased demand due to geopolitical disruptions and lon...
Veeva Systems Inc. reported strong Q2 revenue growth of 18%, surpassing both company guidance and analyst expectations. The company is actively reducing its share count through a $2 billion buyback program, which supports earnings per share growth by...
Bitcoin's 90-day correlation with gold has surged above 50%, while its correlation with the Nasdaq 100 has dropped to about 33%, signaling a shift from a tech-like asset to a scarce macro asset. This change coincides with Bitcoin's strong rally in Au...
