Futu Plunges 27% on $271M China Penalty; Tiger Hit Too
Futu Holdings dropped 26.9% Friday after the CSRC proposed a ~$271M penalty for unlicensed mainland brokerage. Tiger Brokers fell 25.3% in sympathy.
Earnings
Analysis of company earnings, guidance, margins, cash flow, and the market’s reaction. We separate reported results from estimates and explain the operating metrics behind headline numbers.
Dell Jumps 16.8% on NVIDIA Halo; Q1 Bar Is High Now
Dell ripped 16.77% Friday after NVIDIA’s record $81.6B quarter. With a $43B AI server backlog already in hand, Q1 FY27 has to deliver.
Stock Buybacks Explained: Mechanics, EPS Math, Taxes
How share repurchases actually work — open-market vs ASR vs Dutch auction, the EPS math that drives them, SEC Rule 10b-18, and the 1% excise tax.
Enterprise Value Explained: When EV/EBITDA Beats P/E
Enterprise value captures the debt and cash that market cap ignores. Here’s the EV formula, the EV/EBITDA multiple, a worked example, and when it misleads.