SpaceX aims to raise $75 billion, in what could become the largest IPO in history, according to the data from Renaissance Capital. For Elon Musk, the SpaceX offering comes 16 years after Tesla went public in June 2010. In 2019, Saudi Aramco raised $25.6 billion in its IPO on the Saudi Exchange. The amount placed the oil giant as the most valuable company in the world. Now, seven years later, the r...
SpaceX aims to raise $75 billion, in what could become the largest IPO in history, according to the data from Renaissance Capital. For Elon Musk, the SpaceX offering comes 16 years after Tesla went public in June 2010. In 2019, Saudi Aramco raised $25.6 billion in its IPO on the Saudi Exchange. The amount placed the oil giant as the most valuable company in the world. Now, seven years later, the rocket and AI company will break that record by raising roughly three times that amount. SpaceX is seeking a valuation of $1.8 trillion , a number that will be put to test when it goes public on Friday. At this valuation, the company would rank immediately among some of the most valuable publicly traded companies such as Alphabet, Apple, Amazon, Microsoft, Nvidia and another of Musk's companies, Tesla. Saudi Aramco was valued at $1.7 trillion when it filed for an IPO. The state-owned petroleum giant now has a market cap of $6.5 trillion. But unlike Aramco, some of the most valuable companies today entered public markets at comparatively modest valuations. Nvidia, the world's most valued company, started off with a valuation of $625 million, compared with SpaceX's estimated $1.8 trillion valuation, which is roughly 2,900 times larger. Apple, too, had a modest valuation of $1.8 billion when it went public in December 1980, but today has a market capitalization of $4.3 trillion, making it one of the most valued companies. Amazon went public in 1997 with a valuation of $438 million. Adjusted for inflation, that equates to less than $1 billion today — a fraction of SpaceX's proposed valuation. Tesla debuted with a valuation of roughly $1.7 billion in 2010. SpaceX could enter public markets at more than 1,000 times that valuation. High valuation could limit future growth Jay Ritter, a University of Florida finance professor who has extensively studied IPOs compares SpaceX's starting valuation to Nvidia's to illustrate how much future success may already be reflected in the price. ...
matejmo Bank of America's closely watched Bull & Bear Indicator rose to 8.8 from 8.7 , remaining firmly in "sell" territory for a fourth consecutive week as strong investor sentiment continued to build. The indicator, which signals a contrarian sell when it rises above 8.0 and a buy below 2.0, was lifted by record inflows into technology funds, although the move was partly offset by high-yield and...
matejmo Bank of America's closely watched Bull & Bear Indicator rose to 8.8 from 8.7 , remaining firmly in "sell" territory for a fourth consecutive week as strong investor sentiment continued to build. The indicator, which signals a contrarian sell when it rises above 8.0 and a buy below 2.0, was lifted by record inflows into technology funds, although the move was partly offset by high-yield and emerging-market bond outflows and weaker global equity market breadth. BofA said the latest reading marked the fourth straight week the indicator had flashed a sell signal. Since 2002, it has generated 17 sell signals, with global stocks posting average declines of 2%-3% over the following two to three months and maximum drawdowns of 15%-20%. The bank's sentiment gauge is currently being driven by bullish positioning in fund manager surveys, bond flows, credit market technicals, and global stock market breadth, while hedge fund positioning and equity flows remain neutral. The latest reading comes as BofA continues to warn that elevated inflation and the prospect of tighter monetary policy could weigh on risk assets, even as investor positioning remains increasingly optimistic. More on markets Brace For A Hawkish Turn And A Deeper Selloff - June Fed Meeting Preview May CPI Report: War Impact Remains Contained, Allowing The Fed To Stay On Hold Sentiment Sours As Stocks Pull Back Vanguard overtakes BlackRock as largest ETF issuer - Bloomberg Is SpaceX worth $1.8T? SA analysts weigh In ahead of the blockbuster IPO
Super Group ( SGHC ) declares $0.05/share quarterly dividend, in line with previous. Forward yield 1.45% Payable June 30; for shareholders of record June 23; ex-div June 23. See SGHC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Super Group Super Group: Market Values Growth Prospects Fairly Super Group (SGHC) Limited (SGHC) Q1 2026 Earnings Call Transcript Super Group (SGHC) Limited ...
Super Group ( SGHC ) declares $0.05/share quarterly dividend, in line with previous. Forward yield 1.45% Payable June 30; for shareholders of record June 23; ex-div June 23. See SGHC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Super Group Super Group: Market Values Growth Prospects Fairly Super Group (SGHC) Limited (SGHC) Q1 2026 Earnings Call Transcript Super Group (SGHC) Limited 2026 Q1 - Results - Earnings Call Presentation Super Group reaffirms FY2026 targets of at least $2.55B revenue and more than $680M adjusted EBITDA as it shifts to Africa/international reporting Super Group GAAP EPS of $0.17 misses by $0.01, revenue of $612M beats by $26.66M
The post How Many Stocks Should I Own? by Sam Boughedda, Stock Market Analyst appeared first on Benzinga . Visit Benzinga to get more great content like this. Nvidia now accounts for roughly 8% of the entire S&P 500 after topping a $5 trillion market cap this spring , and the index’s 10 largest companies make up close to 40% of its total value. That kind of concentration has a lot of investors loo...
The post How Many Stocks Should I Own? by Sam Boughedda, Stock Market Analyst appeared first on Benzinga . Visit Benzinga to get more great content like this. Nvidia now accounts for roughly 8% of the entire S&P 500 after topping a $5 trillion market cap this spring , and the index’s 10 largest companies make up close to 40% of its total value. That kind of concentration has a lot of investors looking at their own portfolios and asking whether they are spread across enough companies, or too few. How Many Stocks Should You Own? For most people who buy individual stocks, 20 to 30 holdings spread across different sectors is the sweet spot. Decades of academic research, going back to studies in the late 1960s, show that a portfolio of roughly 20 to 30 stocks eliminates the large majority of company-specific risk, the kind that comes from one business stumbling on its own. Add stocks beyond that point and each new position reduces your risk by a smaller and smaller amount while adding more work to track. If your core holdings are index funds, the answer changes, and even 5 to 10 individual stocks can be plenty as a satellite around that base. Why 20 to 30 Is the Sweet Spot Owning one stock exposes you fully to whatever happens to that company: a bad earnings report, a lawsuit, or a product recall. Spreading the same money across 20 to 30 companies in different industries means no single disaster can sink you, which is the entire point of diversification as the SEC explains it . The math has diminishing returns, though. Going from 1 stock to 10 cuts your company-specific risk dramatically, going from 10 to 25 helps meaningfully, and going from 50 to 100 barely moves the needle. Past 30 or so holdings, you also start to mirror the broad market anyway, except with higher effort and more chances to make a costly mistake. At that point, a low-cost fund does the same job better, and Benzinga’s roundup of the best S&P 500 index funds shows how cheap that option has become. When...
Taiwan plans to help bring a $200 million data center to Paraguay, its lone ally in South America, in a rare investment aimed at shoring up the two partners’ diplomatic relationship that’s backed by Washington. Paraguay is hoping to have the data center, which will provide 10 megawatts of computing capacity, operational by the end of 2027, officials say. At the same time, Taiwan’s International Co...
Taiwan plans to help bring a $200 million data center to Paraguay, its lone ally in South America, in a rare investment aimed at shoring up the two partners’ diplomatic relationship that’s backed by Washington. Paraguay is hoping to have the data center, which will provide 10 megawatts of computing capacity, operational by the end of 2027, officials say. At the same time, Taiwan’s International Cooperation and Development Fund has reached out to Google, Microsoft and Amazon to gauge interest in investing in the project or becoming a customer for its computing capacity, according to two people familiar with the matter. Taiwan will provide Nvidia computer chips and other equipment while Paraguay will contribute government land near its capital, Asuncion, cheap hydropower and basic infrastructure, Paraguay’s Information Technology Minister Gustavo Villate said in an interview. He added that both sides are discussing financing with the US International Development Finance Corporation. Allies since the 1950s, officials in Paraguay have longed griped about a relationship that’s reaped few concrete benefits while others in Latin America that ditched Taiwan received billions of Chinese investment. With the Trump administration supporting both Paraguay and Taiwan, the investment helps President Santiago Peña justify the relationship. “It shows that Taiwan can seriously help its partner in a modern, sophisticated way,” said Evan Ellis, a professor at the Army War College who focuses on Latin America. “It helps Paraguay be part of a US-friendly narrative of what can be done working together with the Taiwanese.” Taiwan has sought to leverage the key role its corporations play in the global semiconductor industry to push back against Beijing’s attempts to further isolate the self-ruled democracy. Taipei has broadened the scope of aid projects funded by the Foreign Ministry’s ICDF to include AI-related initiatives like the proposed data center in Paraguay. Taiwan has also boosted...
Adamas Trust ( ADAM ) entered into an equity distribution agreement under which it may offer and sell up to $250M of stock, the company said Friday. The company may sell the stock from time to time, it said. Adamas Trust ( ADAM ) stock rose 3.8% in premarket trading. The mortgage REIT expects to use net proceeds from the sale of offered stock for general corporate purposes, which may include to ac...
Adamas Trust ( ADAM ) entered into an equity distribution agreement under which it may offer and sell up to $250M of stock, the company said Friday. The company may sell the stock from time to time, it said. Adamas Trust ( ADAM ) stock rose 3.8% in premarket trading. The mortgage REIT expects to use net proceeds from the sale of offered stock for general corporate purposes, which may include to acquire its targeted assets and other kinds of mortgage-, residential housing, and credit-related assets, among other things. More on Adamas Trust Adamas Trust: ADAMH Note Vs. ADAMN PFD Adamas Trust Preferred Shares Offer 10.5% Yield Adamas Trust, Inc. 2026 Q1 - Results - Earnings Call Presentation Adamas Trust anticipates 5 to 6 BPL rental securitizations in 2026 as Constructive turns profitable Adamas Trust downgraded at B. Riley Securities despite blowout earnings
BlockchAIn Digital Infrastructure ( AIB ) on Friday said the company is expected to join the Russell Microcap Index as part of the first semi-annual 2026 Russell indexes reconstitution, according to preliminary index additions lists published by FTSE Russell. The newly reconstituted Russell indexes take effect after the US market closes on June 26, 2026. Press release More on BlockchAIn Digital In...
BlockchAIn Digital Infrastructure ( AIB ) on Friday said the company is expected to join the Russell Microcap Index as part of the first semi-annual 2026 Russell indexes reconstitution, according to preliminary index additions lists published by FTSE Russell. The newly reconstituted Russell indexes take effect after the US market closes on June 26, 2026. Press release More on BlockchAIn Digital Infrastructure, Inc. BlockchAIn prices $55 million public offering of common stock Financial information for BlockchAIn Digital Infrastructure, Inc.
Stocks can continue climbing without a specific catalyst, despite recent volatility, as structural factors support higher valuations, according to HSBC Chief multi-asset strategist Max Kettner. “I don’t think there needs to be a catalyst,” said Kettner. He explained that we’re in a world of structurally higher nominal growth, and structurally higher revenue growth, meaning if company margins don’t...
Stocks can continue climbing without a specific catalyst, despite recent volatility, as structural factors support higher valuations, according to HSBC Chief multi-asset strategist Max Kettner. “I don’t think there needs to be a catalyst,” said Kettner. He explained that we’re in a world of structurally higher nominal growth, and structurally higher revenue growth, meaning if company margins don’t change then earnings will continue to rise. Kettner joined Guy Johnson, Anna Edwards and Tom Mackenzie on "The Opening Trade." (Source: Bloomberg)
SimoneN/iStock via Getty Images Copper and copper miners are rallying pre-market Friday, lifted by the prospect of an agreement to end the U.S.-Iran war that has threatened to impact the global economy. President Trump said a deal could be signed within days, and Iran's semi-official Mehr News Agency published a 14-point draft deal, including a possible reopening of the Strait of Hormuz, but also ...
SimoneN/iStock via Getty Images Copper and copper miners are rallying pre-market Friday, lifted by the prospect of an agreement to end the U.S.-Iran war that has threatened to impact the global economy. President Trump said a deal could be signed within days, and Iran's semi-official Mehr News Agency published a 14-point draft deal, including a possible reopening of the Strait of Hormuz, but also said the text still requires approval by Iranian authorities. Freeport-McMoRan ( FCX ) up 1.6% pre-market after surging 6.8% on Thursday, Southern Copper ( SCCO ) up 1.2% after jumping 8.6% on Thursday, and Teck Resources ( TECK ) up 1.7% after rising 6.1% in the previous session. On Thursday, BHP ( BHP ), Rio Tinto ( RIO ), and Vale ( VALE ) finished up 6.1%, 4.6%, and 2.9%, respectively. Benchmark c opper futures ( HG1:COM ) recently traded up 1.5% to $13,690/ton on the London Metal Exchange, while zinc climbed 1.6% and nickel gained 0.8%. A more stable macroeconomic environment would help prices rebound toward levels seen earlier this year, said Jia Zheng, trading manager at Suzhou Chuangyuan Harmony-Win Capital Management trading manager Jia Zheng told Bloomberg. China's domestic copper inventories have continued declining, and orders from downstream manufacturers have been resilient, Zheng also said. Long-term demand prospects for copper are increasingly driving optimism for prices, Jefferies analysts said this week in a report, delivering a bullish upgrade to its copper forecasts. A plan by Beijing to spend ~2T yuan ($295B) over the next five years on nationwide computing networks underscored the bullish demand outlook. ETFs: ( CPER ), ( COPX ) More on Freeport-McMoRan and copper Freeport-McMoRan: Robust Pipeline And Significant Long-Term Potential Make It A Buy Freeport-McMoRan: Copper Exposure Without Southern Copper's Premium What's Next For U.S. Copper Import Tariffs
BlackRock Inc. capped redemptions from its flagship private credit fund for the second straight quarter after investors sought to pull about 13%, a sign that shareholders remain nervous about the health of the $1.8 trillion market. The roughly $25 billion HPS Corporate Lending Fund, known as HLEND, said it would allow only 5% redemptions, according to a filing Friday. The request for 13.3% was hig...
BlackRock Inc. capped redemptions from its flagship private credit fund for the second straight quarter after investors sought to pull about 13%, a sign that shareholders remain nervous about the health of the $1.8 trillion market. The roughly $25 billion HPS Corporate Lending Fund, known as HLEND, said it would allow only 5% redemptions, according to a filing Friday. The request for 13.3% was higher than the prior quarter when shareholders asked to redeem 9.3% of their shares. “This liquidity feature is critical to HLEND’s ability to provide its investors with a premium return to public credit markets,” the firm said in a letter to investors. “This profile is further bolstered by continued subscriptions and distribution reinvestment, which together are expected to more than fully offset repurchases during the first six months of 2026.” BlackRock’s HLEND, one of the largest private credit vehicles of its kind, was the first major fund this year to enforce redemption limits and manage liquidity in the face of swelling investor concerns about direct lenders’ underwriting standards and exposure to software businesses vulnerable to AI disruption. The move was a contrast to rivals including Blackstone Inc. , which had gone to unusual lengths to satisfy investor demands for cash. But this quarter, Blackstone also enforced the 5% limit on its flagship private credit fund after investors asked to redeem even more money than in the prior period. Redemption requests are widely expected to increase across the industry as investors redouble efforts to claw back money after being restricted. And there are persistent concerns about the credit cycle turning, with industry leaders warning of a rise in defaults as artificial intelligence continues to disrupt businesses and borrowings from the era of ultra-low rates come due. JPMorgan Chase & Co. analysts who track business development companies have said they’re watching “net new redemptions” to gauge the pressure on the private cre...
JLGutierrez/iStock via Getty Images Executive Summary Adobe Inc. ( ADBE ) had a solid quarterly report . On the surface, Adobe exceeded revenue expectations and non-GAAP [EPS] expectations. Free cash flow remained strong, and Adobe raised its full-year guidance. Despite all of this good news, the stock price went down. Seeking Alpha At first glance, that might seem irrational. However, today inves...
JLGutierrez/iStock via Getty Images Executive Summary Adobe Inc. ( ADBE ) had a solid quarterly report . On the surface, Adobe exceeded revenue expectations and non-GAAP [EPS] expectations. Free cash flow remained strong, and Adobe raised its full-year guidance. Despite all of this good news, the stock price went down. Seeking Alpha At first glance, that might seem irrational. However, today investors aren't judging Adobe solely by how well they're doing financially today. They want to know if the company can use the "AI" trend as a means of generating sustainable revenue from customers who adopt new technology and if they can do so without disrupting the momentum of their subscription based model. This is the actual debate regarding Adobe. I assign Adobe a Hold rating. The valuation of ADBE has become much more attractive and I continue to believe in the business itself. There isn't anything broken about the company's operations. But in my opinion, the story is muddled enough to warrant a hold rating until Adobe demonstrates that users of the free product version will ultimately pay for their usage and that the applications developed with AI will generate incremental revenue for ARR rather than merely replace or substitute other products offered through their existing subscription model. Additionally, I need to see evidence that the recent changes in leadership will allow the business to focus on innovation during this critical time in their growth cycle. Earnings Summary Adobe posted a double beat in Q2 FY2026. Revenue reached a record $6.62B, up 13% year over year and 11% in constant currency. Non-GAAP EPS came in at $5.96 which is above consensus. Agar Capital, Bloomberg Terminal A print like this would normally have been sufficient to produce a neutral or even positive market response. However, there was a negative response from the markets. The shares declined approximately 5.5% after hours on June 11 . In my opinion the explanation for this decline is quite s...
Bouchon Racine is old school, for lovers of traditional French cooking and boozy afternoons – it even aims to stop taking bookings online If you’re someone who consults social media to find the best spots for a weeknight dinner reservation, you’d be forgiven for thinking that having a viral social media account or influencer chef at the stove is the only way to run a successful restaurant these da...
Bouchon Racine is old school, for lovers of traditional French cooking and boozy afternoons – it even aims to stop taking bookings online If you’re someone who consults social media to find the best spots for a weeknight dinner reservation, you’d be forgiven for thinking that having a viral social media account or influencer chef at the stove is the only way to run a successful restaurant these days. However, the operators of the newly-crowned top UK restaurant are not just unbothered about competing in the algorithm olympics, they’re actively seeking out ways to be more analogue – even considering only take bookings by phone. Continue reading...