Price-to-Book Ratio Explained: When Book Value Matters
P/B compares stock price to the accounting value of a company’s net assets. How to calculate it, why it works for banks, and when book value misleads.
Bear Steepener Alert: 30-Year Yield Hits 5.17%, Curve Widens
The 30-year Treasury yield touched 5.17% on July 23, a multi-year high, and the curve steepened sharply after the July FOMC. Here is what is driving it.
Microsoft Q4 Beat: Azure Crosses $100B, MSFT Jumps 9%
Microsoft’s Q4 FY2026 topped estimates: $90B revenue (+18%), $4.81 diluted EPS, and Azure crossed $100B annual. Shares jumped ~9% after hours on July 29.
Iron Condor Explained: How the 4-Leg Trade Actually Works
A plain-English guide to iron condors: the four legs, breakevens, max profit and loss, a worked example, and when the trade blows up.
Jersey Mike’s Prices $1B NYSE IPO at $23; JMKE Debuts Today
Blackstone-backed Jersey Mike’s priced its NYSE IPO at $23/share, raising about $1B at a $7.3B equity valuation; JMKE begins trading July 30.
Manhattan Associates Pops 21% on Q2 Beat, Raises 2026 Guide
Manhattan Associates jumped 21% July 29 after Q2 revenue of $297.8M, 26% cloud growth, and a raised 2026 outlook. Stifel lifted its target to $225.
Free Cash Flow Explained: FCF, FCFE, and FCFF
Free cash flow: what operating cash flow minus CapEx actually tells you, plus how FCFE and FCFF differ, with Apple, Microsoft, and Alphabet numbers.
Shein Files HK IPO at $40-50B, Discloses U.S. FTC Probe
Shein filed for its Hong Kong IPO at a $40-50B valuation, down from $64B in 2024, while disclosing an ongoing FTC investigation into its U.S. business.
Ford Beats Q2, Raises 2026 Guide to $10-11B Adjusted EBIT
Ford reported Q2 2026 revenue of $48.3B and adjusted EPS of $0.42, then raised full-year adjusted EBIT guidance to $10-11B. Shares jumped 5% pre-market.
Interest Rate Swaps Explained: Fixed-for-Floating and SOFR
How an interest rate swap turns floating debt into fixed. Mechanics, a $100M worked example, SOFR after LIBOR, and Dodd-Frank clearing.