-- （更改摩根大通報告來源，並在第三段和第四段添加細節） 摩根大通（JPM）週三發布的一份報告顯示，該行創建了一個追蹤約6,400家美國中型私人企業的指數，這些企業的年收入合計達1兆美元。 該指數名為“摩根大通私募資產指數（JPAX）- 中型市場”，追蹤年收入在1000萬美元至10億美元之間的美國中型私營企業的業績和股權價值增長。 該指數將作為一種「診斷」工具而非交易產品，並補充說，該指數每月進行再平衡並發布。 報告也指出，指數回報可歸因於三個驅動因素：收入成長、淨債務變化和公開市場等效產業本益比變化。
Price: $314.60, Change: $+5.20, Percent Change: +1.68%
Tenaris (TS) reported fiscal Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMH delivered Q4 2025 FFO of $0.47 per share, in line with consensus, while revenue of $455M missed estimates despite 4.2% growth driven by higher rental rates. Average occupancy declined 30 bps to 95.0% and blended lease rates of +2.8% decelerated from 3.6% in Q3, signaling weakening pricing power in a challenging rental market. Management significantly lowered 2026 core NOI growth guidance to just 1.0%-3.0%, down from beginning 2025 expectations, citing economic uncertainties. The trust maintains a strong balance sheet with $5.2B total debt, no maturities until 2028, and 8.5-year average maturity. AMH plans $500M-$600M in property acquisitions and $150M-$250M in development for 2026, while executing $115M in share repurchases. We view the disappointing guidance and slowing lease growth as signs of mounting operational headwinds, though the unencumbered balance sheet and disciplined capital allocation provide some stability in the near term.