Wall St Engine
Lockheed Martin $LMT says it now expects the F-35 Lot 19 contract to be awarded sooner than previously guided, potentially ahead of the second half of the year. CFO Evan Scott also noted Lots 18 and 19 may be combined into a single contract. The F-35 program has faced delays tied to tech upgrades.
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Lockheed Martin $LMT says it now expects the F-35 Lot 19 contract to be awarded sooner than previously guided, potentially ahead of the second half of the year. CFO Evan Scott also noted Lots 18 and 19 may be combined into a single contract. The F-35 program has faced delays tied to tech upgrades.
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Wall St Engine
Warren Buffett, now 94, says there was no big moment behind stepping down—just the steady realization that Greg Abel was operating at a different pace. “The difference in energy level… became more and more dramatic,” he told the WSJ. “It was unfair, really, not to put Greg in the job.”
Buffett added, “I didn’t really start getting old… until I was about 90. But when you start getting old, it’s irreversible.” He said he never saw himself as CEO for life—just until someone else could do the job better. “And it surprised me how long it went.”
Even with the title change, Buffett isn’t disappearing. “I’m not going to sit at home and watch soap operas,” he joked. “My interests are still the same.” And in markets? “I don’t get fearful when things go down in price… that really isn’t a function of age.”
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Warren Buffett, now 94, says there was no big moment behind stepping down—just the steady realization that Greg Abel was operating at a different pace. “The difference in energy level… became more and more dramatic,” he told the WSJ. “It was unfair, really, not to put Greg in the job.”
Buffett added, “I didn’t really start getting old… until I was about 90. But when you start getting old, it’s irreversible.” He said he never saw himself as CEO for life—just until someone else could do the job better. “And it surprised me how long it went.”
Even with the title change, Buffett isn’t disappearing. “I’m not going to sit at home and watch soap operas,” he joked. “My interests are still the same.” And in markets? “I don’t get fearful when things go down in price… that really isn’t a function of age.”
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Wall St Engine
RAY DALIO’S BRIDGEWATER Q1 PORTFOLIO IS OUT:
LARGEST BUYS WERE ALIBABA $BABA, GOLD, BAIDU $BIDU, BOOKING $BKNG, AND PALO ALTO NETWORKS $PANW https://t.co/iYfuZ7G0Iq
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RAY DALIO’S BRIDGEWATER Q1 PORTFOLIO IS OUT:
LARGEST BUYS WERE ALIBABA $BABA, GOLD, BAIDU $BIDU, BOOKING $BKNG, AND PALO ALTO NETWORKS $PANW https://t.co/iYfuZ7G0Iq
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Wall St Engine
S&P 500 Closing Bell Heatmap (May 14, 2025)
$SPY +0.12% 🟩
$QQQ +0.60% 🟩
$DJI -0.21% 🟥
$IWM -0.87% 🟥
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S&P 500 Closing Bell Heatmap (May 14, 2025)
$SPY +0.12% 🟩
$QQQ +0.60% 🟩
$DJI -0.21% 🟥
$IWM -0.87% 🟥
S&P 500 Opening Bell Heatmap (May 14, 2025)
$SPY +0.18% 🟩
$QQQ +0.28% 🟩
$DJI +0.16% 🟩
$IWM -0.35% 🟥 tweet
Wall St Engine
Truist on FDA Ruling – Key Read-Through for Wegovy/Ozempic
Bottom Line: Court ruled in favor of FDA in the Mounjaro/Zepbound shortage case, reinforcing FDA's authority and methods—offering potential implications for Wegovy/Ozempic.
Key Takeaways:
FDA Projections Upheld: Court backed FDA’s forward-looking supply projections as reasonable.
Nationwide Scope Validated: Local shipping delays don’t equal national shortages; FDA’s nationwide view was upheld.
Demand Assessment Supported: FDA was right to exclude compounded drug demand from past usage analysis.
Lilly Coordination Accepted: FDA’s collaboration with Lilly was not improper, as Lilly held the necessary data.
Implication: Court deference to FDA’s approach could support similar decisions regarding GLP-1 drugs like Wegovy and Ozempic.
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Truist on FDA Ruling – Key Read-Through for Wegovy/Ozempic
Bottom Line: Court ruled in favor of FDA in the Mounjaro/Zepbound shortage case, reinforcing FDA's authority and methods—offering potential implications for Wegovy/Ozempic.
Key Takeaways:
FDA Projections Upheld: Court backed FDA’s forward-looking supply projections as reasonable.
Nationwide Scope Validated: Local shipping delays don’t equal national shortages; FDA’s nationwide view was upheld.
Demand Assessment Supported: FDA was right to exclude compounded drug demand from past usage analysis.
Lilly Coordination Accepted: FDA’s collaboration with Lilly was not improper, as Lilly held the necessary data.
Implication: Court deference to FDA’s approach could support similar decisions regarding GLP-1 drugs like Wegovy and Ozempic.
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Wall St Engine
$NFE | New Fortress Energy Q1 2025 Earnings Highlights
🔹 Revenue: $470.5M (Est. $547M); 🔴 -32% YoY
🔹 Adjusted EBITDA: $82.3M; -76% YoY
🔹 Net Loss: -$197.4M (vs. Net Income $56.7M YoY)
🔹 EPS: -$0.73
🔹 Total Cash Balance: $827M (Unrestricted: $448M)
Segment Operating Margin
🔹 Terminals & Infrastructure: $74.6M (vs. $350.1M YoY)
🔹 Ships Segment: $31.4M (vs. $34.2M YoY)
🔹 Total Segment Operating Margin: $106.0M (vs. $384.3M YoY)
Strategic & Operational Updates
🔸 Completed sale of Jamaica assets to Excelerate Energy for $1.055B
🔸 Proceeds to repay $270M in Revolving Credit, $55M in Term Loan A, remainder to cash
🔸 Expect further core earnings growth from Brazil, Nicaragua, and Puerto Rico projects
🔸 624MW CELBA plant in Brazil ~95% complete; to begin generating in Q3 2025
🔸 Fast LNG asset fully commissioned, optimization underway
🔸 Exploring asset-based financing using LNG terminal portfolio
CEO Wes Edens Commentary
🔸 “The sale of our Jamaican assets marks a key milestone in simplifying our business and reducing corporate debt.”
🔸 “We’re focused on core infrastructure, long-term LNG contracts, and earnings expansion from our growth projects.”
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$NFE | New Fortress Energy Q1 2025 Earnings Highlights
🔹 Revenue: $470.5M (Est. $547M); 🔴 -32% YoY
🔹 Adjusted EBITDA: $82.3M; -76% YoY
🔹 Net Loss: -$197.4M (vs. Net Income $56.7M YoY)
🔹 EPS: -$0.73
🔹 Total Cash Balance: $827M (Unrestricted: $448M)
Segment Operating Margin
🔹 Terminals & Infrastructure: $74.6M (vs. $350.1M YoY)
🔹 Ships Segment: $31.4M (vs. $34.2M YoY)
🔹 Total Segment Operating Margin: $106.0M (vs. $384.3M YoY)
Strategic & Operational Updates
🔸 Completed sale of Jamaica assets to Excelerate Energy for $1.055B
🔸 Proceeds to repay $270M in Revolving Credit, $55M in Term Loan A, remainder to cash
🔸 Expect further core earnings growth from Brazil, Nicaragua, and Puerto Rico projects
🔸 624MW CELBA plant in Brazil ~95% complete; to begin generating in Q3 2025
🔸 Fast LNG asset fully commissioned, optimization underway
🔸 Exploring asset-based financing using LNG terminal portfolio
CEO Wes Edens Commentary
🔸 “The sale of our Jamaican assets marks a key milestone in simplifying our business and reducing corporate debt.”
🔸 “We’re focused on core infrastructure, long-term LNG contracts, and earnings expansion from our growth projects.”
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Wall St Engine
$CSCO | Cisco Q3'25 Earnings Highlights
🔹 Revenue: $14.15B (Est. 14.05B) 🟢; UP +11% YoY
🔹 Non-GAAP EPS: $0.96 (Est. $0.92) 🟢; UP +9% YoY
🔹 Operating Cash Flow: $4.1B; UP +2% YoY
FY25 Guidance
🔹 Revenue: $56.5B–$56.7B (Prev: $56B–$56.5B) 🟢
🔹 Non-GAAP EPS: $3.77–$3.79
🔹 GAAP EPS: $2.53–$2.58
Q4 FY25 Guidance
🔹 Revenue: $14.5B–$14.7B
🔹 Non-GAAP EPS: $0.96–$0.98
🔹 GAAP EPS: $0.62–$0.67
Segment Revenue Breakdown
🔹 Networking: $7.07B; UP +8% YoY
🔹 Security: $2.01B; UP +54% YoY
🔹 Collaboration: $1.03B; UP +4% YoY
🔹 Observability: $261M; UP +24% YoY
🔹 Services: $3.78B; UP +3% YoY
Geographic Revenue
🔹 Americas: $8.38B; UP +14% YoY
🔹 EMEA: $3.74B; UP +8% YoY
🔹 APJC: $2.03B; UP +9% YoY
Margins & Operating Metrics
🔹 GAAP Gross Margin: 65.6%
🔹 Non-GAAP Gross Margin: 68.6%
🔹 GAAP Operating Income: $3.2B; UP +46% YoY
🔹 GAAP Operating Margin: 22.6%
🔹 Non-GAAP Operating Income: $4.9B; UP +12% YoY
🔹 Non-GAAP Operating Margin: 34.5%
Strategic & Operational Updates
🔸 Product orders up +20% YoY; +9% YoY excluding Splunk
🔸 AI infrastructure orders from webscale customers exceeded $600M
🔸 Declared $0.41/share quarterly dividend, payable July 23, 2025
🔸 Returned $3.1B to shareholders via buybacks and dividends
🔸 Closed acquisition of SnapAttack to expand threat detection platform
CEO & CFO Commentary
🔸 CEO Chuck Robbins: “Demand for our technologies remains strong. Our AI momentum is accelerating with trusted partnerships and secure networking.”
🔸 CFO Scott Herren: “Execution drove EPS, revenue, and margins above guidance. Strong cash flows are fueling shareholder returns.”
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$CSCO | Cisco Q3'25 Earnings Highlights
🔹 Revenue: $14.15B (Est. 14.05B) 🟢; UP +11% YoY
🔹 Non-GAAP EPS: $0.96 (Est. $0.92) 🟢; UP +9% YoY
🔹 Operating Cash Flow: $4.1B; UP +2% YoY
FY25 Guidance
🔹 Revenue: $56.5B–$56.7B (Prev: $56B–$56.5B) 🟢
🔹 Non-GAAP EPS: $3.77–$3.79
🔹 GAAP EPS: $2.53–$2.58
Q4 FY25 Guidance
🔹 Revenue: $14.5B–$14.7B
🔹 Non-GAAP EPS: $0.96–$0.98
🔹 GAAP EPS: $0.62–$0.67
Segment Revenue Breakdown
🔹 Networking: $7.07B; UP +8% YoY
🔹 Security: $2.01B; UP +54% YoY
🔹 Collaboration: $1.03B; UP +4% YoY
🔹 Observability: $261M; UP +24% YoY
🔹 Services: $3.78B; UP +3% YoY
Geographic Revenue
🔹 Americas: $8.38B; UP +14% YoY
🔹 EMEA: $3.74B; UP +8% YoY
🔹 APJC: $2.03B; UP +9% YoY
Margins & Operating Metrics
🔹 GAAP Gross Margin: 65.6%
🔹 Non-GAAP Gross Margin: 68.6%
🔹 GAAP Operating Income: $3.2B; UP +46% YoY
🔹 GAAP Operating Margin: 22.6%
🔹 Non-GAAP Operating Income: $4.9B; UP +12% YoY
🔹 Non-GAAP Operating Margin: 34.5%
Strategic & Operational Updates
🔸 Product orders up +20% YoY; +9% YoY excluding Splunk
🔸 AI infrastructure orders from webscale customers exceeded $600M
🔸 Declared $0.41/share quarterly dividend, payable July 23, 2025
🔸 Returned $3.1B to shareholders via buybacks and dividends
🔸 Closed acquisition of SnapAttack to expand threat detection platform
CEO & CFO Commentary
🔸 CEO Chuck Robbins: “Demand for our technologies remains strong. Our AI momentum is accelerating with trusted partnerships and secure networking.”
🔸 CFO Scott Herren: “Execution drove EPS, revenue, and margins above guidance. Strong cash flows are fueling shareholder returns.”
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Wall St Engine
$CRWV | CoreWeave Q1'25 Earnings Highlights
🔹 Revenue: $981.6M (Est. $857.1M) 🟢; UP +420% YoY
🔹 Diluted EPS: -$1.49 (Est. -$0.12) 🔴
🔹 Adj EBITDA: $606.1M; UP +480% YoY
🔹 Adj EBITDA Margin: 62% (vs. 55% YoY)
🔹 Adj Operating Income: $162.6M; UP +550% YoY
🔹 Adj Net Loss: -$149.6M (vs. -$23.6M YoY)
🔹 Revenue Backlog: $25.9B (includes $14.7B RPO + $11.2B under contract)
GAAP Financials
🔹 Operating Loss: -$27.5M (vs. +$16.8M YoY)
🔹 Net Loss: -$314.6M (vs. -$129.2M YoY)
🔹 Net Loss Margin: -32%
🔹 Operating Expenses: $1.01B; UP +487% YoY
🔹 Interest Expense: $263.8M; UP +549% YoY
🔹 Stock-Based Comp: $177M (IPO-triggered vesting)
Strategic & Operational Updates
🔸 Secured $11.2B deal with OpenAI; drove surge in revenue backlog
🔸 Partnered with IBM to deliver compute for Granite models
🔸 Expanded to 420 MW of active compute power, 1.6 GW contracted
🔸 IPO raised $1.4B; $17.2B total raised to date
🔸 Launched CoreWeave AI Object Storage (CAIOS) and on-demand cluster scaling
🔸 Only cloud provider to earn Platinum rating from SemiAnalysis ClusterMAX™
🔸 GB200 support live across platform; MLPerf Inference v5.0 benchmark leader
🔸 Supporting NVIDIA AI Enterprise software and Cloud Functions
CEO & CFO Commentary
🔸 CEO Michael Intrator: “Strong Q1 caps off a string of milestones—IPO, OpenAI deal, and accelerating demand for our AI platform.”
🔸 CFO Nitin Agrawal: “Financials highlight the scale and opportunity; we’re investing for long-term leadership while managing capital structure efficiently.”
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$CRWV | CoreWeave Q1'25 Earnings Highlights
🔹 Revenue: $981.6M (Est. $857.1M) 🟢; UP +420% YoY
🔹 Diluted EPS: -$1.49 (Est. -$0.12) 🔴
🔹 Adj EBITDA: $606.1M; UP +480% YoY
🔹 Adj EBITDA Margin: 62% (vs. 55% YoY)
🔹 Adj Operating Income: $162.6M; UP +550% YoY
🔹 Adj Net Loss: -$149.6M (vs. -$23.6M YoY)
🔹 Revenue Backlog: $25.9B (includes $14.7B RPO + $11.2B under contract)
GAAP Financials
🔹 Operating Loss: -$27.5M (vs. +$16.8M YoY)
🔹 Net Loss: -$314.6M (vs. -$129.2M YoY)
🔹 Net Loss Margin: -32%
🔹 Operating Expenses: $1.01B; UP +487% YoY
🔹 Interest Expense: $263.8M; UP +549% YoY
🔹 Stock-Based Comp: $177M (IPO-triggered vesting)
Strategic & Operational Updates
🔸 Secured $11.2B deal with OpenAI; drove surge in revenue backlog
🔸 Partnered with IBM to deliver compute for Granite models
🔸 Expanded to 420 MW of active compute power, 1.6 GW contracted
🔸 IPO raised $1.4B; $17.2B total raised to date
🔸 Launched CoreWeave AI Object Storage (CAIOS) and on-demand cluster scaling
🔸 Only cloud provider to earn Platinum rating from SemiAnalysis ClusterMAX™
🔸 GB200 support live across platform; MLPerf Inference v5.0 benchmark leader
🔸 Supporting NVIDIA AI Enterprise software and Cloud Functions
CEO & CFO Commentary
🔸 CEO Michael Intrator: “Strong Q1 caps off a string of milestones—IPO, OpenAI deal, and accelerating demand for our AI platform.”
🔸 CFO Nitin Agrawal: “Financials highlight the scale and opportunity; we’re investing for long-term leadership while managing capital structure efficiently.”
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Digging deep into research has never been easier, but most retail investors still only spend around 6 minutes looking into a stock before buying—and just 14% of that time goes toward understanding the company’s fundamentals. Don’t skip the part that actually matters.
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Digging deep into research has never been easier, but most retail investors still only spend around 6 minutes looking into a stock before buying—and just 14% of that time goes toward understanding the company’s fundamentals. Don’t skip the part that actually matters.
Your MD pinged you at 2 am staffing you on tariff research... you staffed Hebbia https://t.co/gtUKTl7I9n tweet
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Quiver Quantitative
BREAKING: Representative Seth Magaziner just said:
"Tonight I’m holding the floor with bipartisan allies calling for a ban on Members of Congress from trading stocks...
The people are ready for a vote."
Magaziner has introduced a bill to ban congressional stock trading. https://t.co/UAsqaLVvOZ
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BREAKING: Representative Seth Magaziner just said:
"Tonight I’m holding the floor with bipartisan allies calling for a ban on Members of Congress from trading stocks...
The people are ready for a vote."
Magaziner has introduced a bill to ban congressional stock trading. https://t.co/UAsqaLVvOZ
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