Aleksandr Potashev/iStock Editorial via Getty Images The story of the stock market in 2026 is one of dispersion. While semiconductor stocks have ridden a historic boom and added hundreds of billions in market cap, the vast majority of the software and internet sectors remain in deep bear market territory, especially in the small- and mid-cap space. These stocks represent the best buying opportunit...
Aleksandr Potashev/iStock Editorial via Getty Images The story of the stock market in 2026 is one of dispersion. While semiconductor stocks have ridden a historic boom and added hundreds of billions in market cap, the vast majority of the software and internet sectors remain in deep bear market territory, especially in the small- and mid-cap space. These stocks represent the best buying opportunities in an expensive stock market, but individual stock picking is of the utmost importance as value traps abound. Cars.com ( CARS ), a used car research site, is one of the proverbial lemons I'm finding in the stock market. The stock has recently rebounded after what I viewed to be a disastrous Q1 earnings print, reversing most of its losses this year, but in my view, this is a dead-cat bounce that is likely to snap back downward. Data by YCharts I last wrote a sell rating on Cars.com in February, when the stock was trading near $9 per share. Since then, Cars.com has rallied to ~$12, mostly in sympathy with the broader market and a widening risk-on attitude as investors look ahead to the resolution of conflict in Iran. Still, we think there is little actual fundamental support for this rally, and I'm reiterating my sell rating here. Let's first touch on valuation, which I think is Cars.com's main actual merit at this point. At current share prices just shy of $12, Cars.com trades at a market cap of $666.0 million. Netting off the $64.6 million of cash and $451.8 million of debt on the company's latest balance sheet gives us an enterprise value of $1.05 billion. For the remainder of FY26, Car.com has merely maintained its full-year outlook at 0-2% full-year revenue growth ($723-$728 million in revenue). It's also expecting a 28-30% adjusted EBITDA margin, which reflects a midpoint at $211.8 million in adjusted EBITDA. Cars.com outlook (Cars.com Q1 earnings deck) This positions Cars.com's valuation at 4.9x EV/FY26 adjusted EBITDA. Yes, it's true that Cars.com trades at about ...
(RTTNews) - The Thai Stock market has finished lower in two straight sessions, sinking more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,500-point plateau although it may stop the bleeding on Monday.
(RTTNews) - The Thai Stock market has finished lower in two straight sessions, sinking more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,500-point plateau although it may stop the bleeding on Monday.
Reliance Industries Ltd. is reversing its plans for the initial public offering of Jio Platforms Ltd. , potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported , citing unidentified people familiar with the talks. The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the Mukesh Ambani -led co...
Reliance Industries Ltd. is reversing its plans for the initial public offering of Jio Platforms Ltd. , potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported , citing unidentified people familiar with the talks. The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the Mukesh Ambani -led conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors, according to the newspaper. An IPO comprising entirely freshly issued shares would send all proceeds to Jio, rather than shareholders selling down through an offer for sale. It would also dilute the value of existing shareholdings. Reliance may now let the market set the price after listing, allowing private equity investors to exit later, according to the Economic Times. About 250 billion rupees ($2.65 billion) may go toward debt repayment, it said. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The listing could mark the first public offering by a major Reliance unit in nearly two decades. The company formally kicked off IPO preparations in March, appointing as many as 19 banks to manage the issue. Kotak Mahindra Capital Co., Morgan Stanley, JM Financial Ltd., Goldman Sachs Group Inc., HSBC Holdings Plc, Bank of America Corp. and Citigroup Inc. are among those selected for advisory roles, people familiar with the matter have said. Jio is now expected to file the draft prospectus within the next week or fortnight, potentially delaying the listing to July, the people told the newspaper. Jio didn’t respond to ET’s request for comment.