US Global Sea to Sky Cargo ETF

'Little Tencent' Sea 4Q25 First Take: Results showed the familiar split, with business metrics and revenue broadly beating estimates while profits lagged across segments due to heavier investment. The positives and negatives are clear; details as follows: 1) Excluding the less critical games segment, core e-commerce and fintech growth both came in well above expectations. In games, bookings rose Approx. 24% YoY, decelerated QoQ, and ran slightly below the ~25% growth expected. 2) In the most important e-commerce segment, order volume grew 33% YoY vs. 29% last qtr, materially ahead of estimates. Logistics build-out clearly lifted growth. For the first time, GMV and revenue also beat expectations. 3) In fintech, the key metric—outstanding loan balance—grew 80% YoY, re-accelerating vs. last qtr and far exceeding estimates. Revenue showed similarly strong growth. 4) The core issue was opex overshooting estimates by Approx. $50 mn, mainly dragged by a sharp increase in credit loss provisions. Marketing expense also rose ~34% YoY but was broadly in line.Logistics investment in e-commerce showed up in GPM contracting ~90 bps YoY. Together these factors pressured the key profit metric: Adj. EBITDA of Approx. $790 mn, missing by ~$60 mn (~8%), with all three segments below expectations. $Sea(SE.US)

Today’s Key News Recap

AAPL

QCOM

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

0303 | Dolphin Research Focus: 🐬 Macro/Industry1) Today, both Hong Kong and A-share markets sold off sharply as Middle East geopolitical tensions escalated. Qatar's LNG output halted and the Strait of Hormuz was blocked, stoking fear across markets.Money rotated out of equities and other high-risk assets into safe havens such as gold and crude. Risk assets globally came under pressure.Meanwhile, oil spiked, lifting inflation expectations. Investors fear the Fed may delay its rate-cut cycle, putting high-valuation growth tech under pressure. The Hang Seng Tech index led the declines.

Apple

Dragon

Qualcomm

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

Geopolitical shock triggers broad selloff; AAPL's budget 17e launch props up sentiment｜Daily News Recap

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Conference Minutes

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The following are the minutes of the $Sea(SE.US) FY25Q3 earnings call organized by Dolphin Research. For the earnings interpretation, please refer to &#34;SEA: The Unchanged Answer Sheet Can't Compete with the Market's 'Changed Heart'.&#34; 1. Review of Core Financial Data Performance Overview: The company's total revenue for the third quarter of 2025 was $6 billion, an increase of 38% year-on-year; all three major business segments performed strongly: the e-commerce platform Shopee's GMV increased by 28% year-on-year; digital financial services revenue increased by 61% year-on-year, with loan balances up 70% year-on-year to $7.9 billion; digital entertainment bookings revenue increased by 51% year-on-year...

Meta Platforms

Electronic Arts

Alphabet - C

Alphabet

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

International Paper

ONLINE OFFLINE

Paymentus

Franklin Covey

Ameriprise Financial

Sea (Minutes): Investing for Long-term Profit Growth

Financial Analysis

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TCTZF

80700

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HTCD

The Southeast Asian Little Tencent, $Sea(SE.US), delivered its Q3 earnings report on the evening of November 11, before the U.S. stock market opened. In summary, this quarter's performance is a mix of highlights and shortcomings. Firstly, growth remains very strong, with revenue and business growth across the three major segments exceeding expectations. However, as the company has started to focus more on growth rather than profit, with gross margins narrowing quarter-on-quarter and expenses maintaining high growth, the profit margins of each segment have marginally deteriorated this quarter. Specifically: 1. GMV remains strong...

TENCENT

Tencent Holdings Limited

TENCENT-R

Tencent

Tencent HK SDR 10to1

SEA: An Unchanged Report Card Can't Compete with a 'Changed Heart' Market

GAME

LOAN

Sea 3Q25 Quick Interpretation: Overall, Sea's performance this quarter is somewhat fragmented, with both highlights and shortcomings. The highlight is on the growth side, where the revenue and business metrics of the three major segments exceeded expectations, and the extent of the outperformance was significant. Before the earnings release, the market's main concern was that the company's increased focus on growth would lead to a slowdown in margin improvement. This quarter indeed validated this concern, as the adjusted EBITDA of the most important e-commerce and financial segments both fell short of expectations, and the segment margins continued to decline sequentially. Specifically, 1) Total revenue for the quarter grew by 38% year-on-year, maintaining the high growth rate of the previous quarter and significantly exceeding the market expectation of 30%. The revenue growth of all three business segments surpassed expectations by 3-7 percentage points, with no segment lagging behind. 2) In terms of key operating metrics, the year-on-year growth rate of e-commerce GMV was 28.3%, continuing to accelerate slightly from the previous quarter and significantly better than expected. The traffic volume of the gaming business also grew by an impressive 51%, far exceeding expectations, reportedly stimulated by collaborations with the Naruto anime and Squid Game. The loan balance of the financial segment reached 7.9 billion this quarter, with a year-on-year growth rate of 72%, also far exceeding the expected 60%. It is evident that the core metrics of the three major segments grew significantly stronger than expected. 3) In terms of profit, the group's overall adjusted EBITDA for the quarter was 870 million, which at first glance is slightly higher than Bloomberg's expectations, but this is mainly due to the unexpectedly strong yet potentially unsustainable performance of the gaming business. (The gaming segment is currently the largest contributor to profits, but it is the least important segment in terms of valuation.) 4) By segment, the gaming business indeed had the best profit performance, with actual profits exceeding expectations by about 60 million, and the adjusted EBITDA margin did not decline significantly sequentially. However, the e-commerce segment's profit was about 30 million less than expected, and the profit margin narrowed from 0.76% to 0.58% (based on adj. EBITDA/GMV), although the market had anticipated a decline in margin, the actual extent was greater. Adding insult to injury, the profit margin of the financial business, which is the second most important for the company's future growth, also declined more than expected, at 26.1% this quarter, down 2.8 percentage points sequentially. As a result, despite a 61% increase in revenue for the financial segment, the segment's adjusted EBITDA only grew by 37% year-on-year. Therefore, overall, although the growth of the three major segments was stronger than expected, the sequential contraction in margins across all three segments meant that profit growth was not as robust as revenue growth. $Sea(SE.US)

GameSquare

Manhattan Bridge Capital

JPMorgan Cuts Earnings Forecast for Cosco Shipping

JPMorgan Maintains Overweight Rating for Orient Overseas

Orient Overseas Container Line Reports 7.6% Drop in Q1 2026 Container Transport Revenue

Hafnia to Release FY2025 Earnings on April 17 During-Market (EST), Forecast Revenue USD 1.02 B, EPS USD 0.67

Cosco Shipping Holdings Responds to Limited Impact of Middle East Conflict on Middle East Route Capacity

SHFE Approves COSCO Shipping Logistics Supply Chain Co., Ltd. and its Subsidiaries to Engage in Group Delivery Business

Chinese container ships successfully cross the Strait of Hormuz

Cosco Shipping vessels trapped in the Persian Gulf

Jefferies analyst maintains hold rating on COSCO SHIPPING Holdings with a target price of HKD 13.90

Cosco Shipping Holdings Repurchased 1.2195 Million Shares

Two COSCO Container Ships Redirected to the Persian Gulf

HFI Vessels Exercise Option to Purchase Six Ships

Cosco Shipping Holdings Repurchased 2.2 Million H Shares

COSCO Shipping Lines Resumes New Booking Business in Middle Eastern Countries

CICC Raises Target Price and Rating for COSCO Shipping Holdings

BW LPG to release FY2025 earnings report on March 31 During-Market EST, forecast revenue USD 767.64 M

COSCO Shipping Holdings Repurchased 730,000 Shares at HK$14.83 to HK$15.14 per Share

Cosco Shipping Holdings Adjusts Fuel Charges Amid Middle East Uncertainty, Daiwa Adjusts Earnings Forecast and Rating

BOA Securities Adjusts Earnings Forecast and Rating for Cosco Shipping Holdings

The Europe Line Index for Container Shipping Futures Rises 12% Intra-day

Real Messenger

Creative Media & Community Trust

Rectitude

Redcloud

Virax Biolabs

Bitcoin Depot

DevvStream

Aeluma

Lichen

Momentus

CHRW

FTXR

BDRY

BOAT

SUPL

SHPP

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has received a consensus rating of "Moderate Buy" from 23 research firms. Analysts' recommendations include one sell, seven hold, and fifteen buy ratings. The average 1-year target price is $186.43. Recent price objectives from analysts range from $153.00 to $219.00. Insider trading activity includes purchases and sales of shares, with 93.15% of stock owned by institutional investors. The stock opened at $164.92, with a market cap of $19.44 billion and a PE ratio of 34.14.

Market Beat

C.H. Robinson Worldwide

First Trust NasdaqTransport

SPDR S&P Transp

iShares US Transportation ETF

Breakwave Dry Bulk Shipping

Sonicshares Global Shipping ETF

Proshares Supply Chain Logistics ETF

Pacer Industrials and Logistics ETF

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of "Moderate Buy" from Analysts

Genco Shipping Advises Shareholders to Ignore Diana Shipping's Inadequate Acquisition Proposal

marketscreener

Genco Shipping & Trading

Diana Shipping

Genco Shipping Advises Shareholders to Ignore Diana Shipping's Inadequate Acquisition Proposal

FedEx Corp. Announces Chief Financial Officer Changes, Effective June 1, 2026

FedEx

FedEx Corp. Announces Chief Financial Officer Changes, Effective June 1, 2026

JETS

Elite Express reported Q1 FY2026 revenue of $0.805 million, a 16.3% increase year-over-year, with a net loss of $0.110 million and loss per share of $(0.01). Gross profit improved to $0.157 million (19.4% margin). The growth was driven by higher e-commerce delivery volumes, with 100% of revenue from FedEx. Operational efficiency improved with increased parcel deliveries and reduced costs. The company continues to invest in technology and staffing for expansion.

TradingView

Elite Express

Us Global Jets

Elite Express Q1 FY2026: Revenue $0.805M, EPS $(0.01)

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An oil tanker heading to China was forced to reverse course due to a US blockade in the Strait of Hormuz. Following a brief surge in shipping traffic, only four vessels were observed passing through the strait on Monday, as caution increased. The US has deployed over 15 warships to enforce the blockade, which has already impacted vessel movements, with at least two tankers turning back. China has warned the US against interfering with its ships, emphasizing its commitment to trade agreements with Iran. The blockade's long-term effects on shipping and oil sanctions remain uncertain.

ZeroHedge

BP p.l.c.

Occidental Petroleum

HSPC

Breakwave Tanker Shipping ETF

VanEck Oil Services ETF

ISHRS S&P Glb Engy

iShares US Oil Equip & Svcs

iShares US Oil & Gas Expl & Prod

VG Energy

VanEck Oil Refiners ETF

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

Us Brent Oil

iShares MSCI China

SPDR Energy Select

United States Oil Fund LP

SPDR O&G Ex & Prd

Oil Tanker Going To China Forced To Reverse Course Before Crossing Hormuz Under US Blockade

AMKBY

Maersk says temporarily revising rates for cargo insurance & cargo care for shipments loaded or discharged in ports of Saudi Arabia, UAE, Lebanon & Israel

A.P. Moller - Maersk

Maersk says temporarily revising rates for cargo insurance & cargo care for shipments loaded or discharged in ports of Saudi Arabia, UAE, Lebanon & Israel

SBLK

Reuters

Star Bulk Carrier

Diana Shipping Seeks To Elect Six Independent Nominees To Genco Board At 2026 Annual Meeting

JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is set to report Q1 earnings on April 15, with analysts predicting $1.45 EPS and $2.95 billion in revenue. The stock rose 0.8% to $227.04. Recent analyst ratings include a Buy from Benchmark with a price target increase to $230, a Hold from Stifel with a target of $205, and an Outperform from Evercore ISI with a target of $232. B of A Securities maintained a Buy but lowered the target to $225, while UBS raised their Neutral target to $196.

benzinga_article

J.B. Hunt Transport Services

J.B. Hunt Transport Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Yunmanman released the latest progress of the "Reverse Cargo Clearance" special governance on April 13, 2025, banning 19,821 violating accounts and handling over 2,600 violating shipper accounts. The governance action significantly reduced the volume of reverse cargo and the complaint rate, safeguarding the rights and interests of drivers and shippers. Yunmanman has enhanced its governance capabilities by tracking and controlling every shipment order, implementing strict real-name authentication and qualification reviews, combating fake accounts and improper profit-making behaviors, and forming a strong deterrent

雷帝触网

Full Truck Alliance

YunManMan takes strong measures against counterfeit goods: bans 19,821 violating accounts again

Diana Shipping Inc. has sent an open letter to Genco Shipping & Trading shareholders, criticizing the Genco Board for refusing to engage in discussions regarding Diana's fully financed, all-cash offer of $23.50 per share. The letter accuses the Genco Board of spreading misinformation and entrenching their positions to protect their compensation. Diana, which owns 14.8% of Genco's shares, urges shareholders to elect its six independent director nominees at Genco's upcoming 2026 Annual Meeting. Diana's offer is backed by significant financing and aims to provide premium value to Genco shareholders.

StockTitan

Diana Shipping Inc. Sends Open Letter to Genco Shipping & Trading Shareholders | DSX Stock News

NCEW

Rosen Law Firm is investigating potential securities claims for shareholders of New Century Logistics (BVI) Ltd. (NASDAQ: NCEW) due to allegations of misleading business information. Investors who purchased NCEW securities may be entitled to compensation through a class action without upfront costs. Interested parties can contact the firm for more information. Rosen Law Firm has a strong track record in securities class actions, having secured significant settlements for investors.

MorningStar

New Century Logistics BVI

Rosen Law Firm Encourages New Century Logistics (BVI) Ltd. Investors to Inquire About Securities Class Action Investigation – NCEW

Shipping through the Strait of Hormuz is operating at reduced levels as President Trump announced a blockade by the US Navy, following failed US-Iran peace talks. Trump stated, "The Blockade will begin shortly," accusing Iran of extortion. Despite the blockade, some vessels, including the supertanker Mombasa B, successfully entered the Persian Gulf. However, tracking is complicated by electronic interference, and many vessels are avoiding detection. Outbound traffic has decreased, with several vessels linked to Iran and China observed exiting the strait.

Bloomberg

CW Petroleum Corp

Bosera CSI Oil & Gas Resources Index ETF

WisdomTree Brent Crude Oil

China Universal CSI Oil & Gas Resources ETF

SINOPEC CORP

Sinopec Corp.

WisdomTree Brent Crude Oil 1mth

WisdomTree Brent Crude Oil Longer Dated

Guotai CSI Oil & Gas Industry ETF

Hormuz Tracker: Limited Transits Before Trump Announces Blockade

XPO (XPO) is gaining investor interest due to improvements in service quality and a rise in hedge fund ownership. The company has seen a 45.58% share price increase over the past three months, raising questions about its current valuation. Analysts suggest a fair value of $203.58, indicating the stock may be slightly overvalued at its last close of $212.74. XPO's investments in AI and technology are expected to enhance productivity, but risks remain regarding shipping volumes and cost pressures. Investors are encouraged to assess the balance of risks and rewards before making decisions.

Simplywall

Assessing XPO (XPO) Valuation After Service Improvements And Rising Hedge Fund Interest

FedEx has reached a tentative 5-year labor agreement with its pilots' union, covering over 5,000 pilots and addressing compensation and working conditions. This agreement coincides with FedEx Freight's planned spinoff into an independent business. Management has set medium-term growth targets and operational priorities. The pilot deal may increase fixed costs but could enhance labor stability and service reliability. Investors should monitor the ratification of the pilot agreement, the execution of the Freight spinoff, and how management aligns its goals with operations.

FedEx Pilot Deal And Freight Spinoff Reframe Costs And Growth Targets

EXPD

TD Cowen analyst Jason Seidl has assigned a Sell rating to Expeditors International (EXPD) with a price target of $131.00. Seidl, a top 100 analyst with a 22.6% average return and 68.74% success rate, also covers other stocks in the Industrials sector. This follows a similar Sell rating from Barclays analyst Brandon Oglenski. However, TipRanks had previously reiterated a Hold rating on the stock on March 24.

Tip Ranks

Expeditors

Expeditors International (EXPD) Receives a New Rating from a Top Analyst

US Global Sea to Sky Cargo ETF(SEA.US)

US Global Sea to Sky Cargo ETF Stock Performance Chart

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Receives Average Rating of "Moderate Buy" from Analysts

Genco Shipping Advises Shareholders to Ignore Diana Shipping's Inadequate Acquisition Proposal

FedEx Corp. Announces Chief Financial Officer Changes, Effective June 1, 2026

Elite Express Q1 FY2026: Revenue $0.805M, EPS $(0.01)

Oil Tanker Going To China Forced To Reverse Course Before Crossing Hormuz Under US Blockade