Comision Federal de Electricidad: Execution risks are manageable, but ...

As CFE proceeds with a $30 billion capital improvement program, cost overruns from supply disruptions or a spike in natural gas prices would have only fleeting effects on its credit quality.

Dynamic Top Pick List Update March 2026: Removing Aedifica – Adding Pr...

The tariff war between US and China has eased, but with the Iran conflict and an erratic Trump, uncertainty will continue into 2027. Energy prices have gone ballistic, with gas prices doubling in Europe and has hit the cyclical stocks hard. The highly anticipated AI productivity gains also will have to transpire sooner or later or a US market correction becomes unavoidable. While the macro-economic impact has been limited so far, a prolonged uncertain situation will result in economic damage. We...

Quest Diagnostics Inc: 4 directors

Four Directors at Quest Diagnostics Inc sold/sold after exercising options 11,568 shares at between 207.730USD and 212.520USD. The significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades b...

Bilan mensuel – février 2026 – des peurs sur l’intelligence artificiel...

Avec le fort mouvement de vente sur le software et les autres secteurs considérés, de façon excessive selon nous, comme « perdants de l’IA générative », les actions européennes ont nettement surperformé les actions américaines, avec un retour de la « vieille économie » et une surperformance des Staples et des Défensives. Les taux longs avaient déjà baissé, comme par anticipation de ce qui devient désormais le principal sujet de préoccupation : la guerre en Iran et ses conséquences sur le prix et...

Melexis/Slow start to the year/HOLD

Melexis delivered a disappointing 4Q25 update. After a guided slow start in 1Q26 we do not expect that FY26 to show meaningful growth vs FY25. Our long-term projections reflect the view that growth in Melexis' automotive semiconductor segment will be structurally lower going forward. We keep our HOLD and revise our target price downward to €50 per share (from €55).

BE Semiconductor Industries/Sweet spot exposure/BUY

We reiterate our Buy rating on BESI and raise our target price from €200 to €220 per share. Strength is driven by AI data centre-related applications 2.5D packaging and photonics. In our view this performance reinforces BESI's investment case, which is now supported by three key drivers: (1) Sustained AI-related demand for advanced packaging technologies; (2) A cyclical recovery in mainstream packaging after a prolonged downturn; and (3) Long-term growth underpinned by continued adoption of hybr...

ASM International/Industry outperformance at a discount/BUY

ASM provided a very solid guidance for FY26. We expect this strength to continue in subsequent years as AI strength and ongoing technology transitions are key tailwinds for ASM. We expect the company to significantly outgrow its peers. We again increase our estimates, up our DCF-based target price to €950 per share (from €900) and reiterate our BUY. ASM remains on the ING Benelux Favourites list.

NSI/Vacancy headwinds not expected to fade quickly/HOLD

NSI reported in-line FY25 results. Looking ahead, recently finalised disposals and vacancy headwinds will weigh on the 2026-27 top and bottom line. The successful delivery of HNK Rotterdam, the gradual re-letting of Vivaldi II and clarity on the Vitrum development are positives but will not outweigh disposals and increased vacancy. We expect re-letting to be challenging, particularly as the vacancies relate to two non-central assets (Glass House and Bioscience Park, c.10% of rental income) that ...

Cenergy : Seeing plenty new contract potential, we expect further cons...

Flughafen Wien : Elevated capex leaves limited scope for additional sh...

Adidas : 2026 de-risked, CEO contract extended and growth to continue ...

American Transmission Systems, Incorporated: Update to credit analysis

Our credit view of American Transmission Systems reflects its strong financial profile and supportive regulatory environment under FERC, balanced against its large but manageable investments

Acquiring high-growth, high-margin businesses

E-commerce Q4'25: binary outcomes

More of the same expected in Q1'26e

Murphy Oil Corp: 1 director

A director at Murphy Oil Corp sold 8,608 shares at 34.927USD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

Adecco : Operating leverage slowly returns

Randstad : Cutting numbers as the balancing act continues