In this article FFF SPCX HOOD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 8:39 08:39 Why investors want in on the SpaceX IPO despite valuation concerns Markets and Politics Digital Original Video Marvin Jung isn't buying into SpaceX because he thinks it's a bargain. The 51-year-old regional director of operations in veterinary care believes Elon Musk's rocket company is coming ...
In this article FFF SPCX HOOD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 8:39 08:39 Why investors want in on the SpaceX IPO despite valuation concerns Markets and Politics Digital Original Video Marvin Jung isn't buying into SpaceX because he thinks it's a bargain. The 51-year-old regional director of operations in veterinary care believes Elon Musk's rocket company is coming public at a valuation that is "really, really aggressive." Yet, he still requested 1,000 shares through Robinhood , betting enthusiasm for one of the world's most anticipated initial public offerings will overwhelm concerns about price. SpaceX has set a fixed price of $135 per share in the leadup to its IPO on Friday, placing its valuation at $1.77 trillion. That would make SpaceX immediately the seventh-biggest company in the U.S. based on market cap – higher than Tesla even. "It's outrageous. It's stupid. It's unreasonable, to be frankly honest with you," Jung said of the valuation. That hasn't stopped him from trying to get an allocation, especially given that SpaceX is directing an unusually high amount of shares to retail. The retail allocation is in the low 20% range . Although that's lower than the 30% previously expected, that's still a much bigger cut than usual, as most IPOs only offer between 5% and 10% to retail, per Fidelity . Traders can request access to IPO shares through various brokerage platforms, including Fidelity, which has set its brokerage account balance minimum for traders at $2,000. That's significantly lower than the threshold of between $100,000 and $500,000 that Fidelity typically sets for IPOs, according to a source familiar with the matter. A self-directed investor who trades in his spare time, Jung was active during the meme-stock boom and follows markets closely through Reddit investing forums. His plan isn't to become a long-term SpaceX shareholder. Instead, he hopes to capitalize on what he expects will be a powerful first-day rally and t...
Getty Images Times have been rather tough for shareholders of Jack Henry & Associates ( JKHY ) . Since I reaffirmed the company as a ‘hold’ candidate back in August of last year, shares have fallen 22.3%. That's horrible compared to the 15.8% rise that the S&P 500 saw over the same window of time. In fact, the company was just labeled as one of the most oversold stocks on the market right now. Of ...
Getty Images Times have been rather tough for shareholders of Jack Henry & Associates ( JKHY ) . Since I reaffirmed the company as a ‘hold’ candidate back in August of last year, shares have fallen 22.3%. That's horrible compared to the 15.8% rise that the S&P 500 saw over the same window of time. In fact, the company was just labeled as one of the most oversold stocks on the market right now. Of the players in the S&P 500, only six other businesses have an RSI (Relative Strength Index) reading lower than what it has. Oversold territory is typically a reading of 30 or lower on a scale of 0 to 100. And right now, it has a reading of 29.34. This could indicate a potential rebound around the corner. But at the end of the day, what will matter most will be the fundamentals in question. The good news is that fundamentals are actually quite robust. But the bad news is that I wouldn't exactly call the company a value prospect. It is entirely possible that we could see a recovery in the share price in the near term. But for the foreseeable future, I expect that it will perform more or less along the lines of the broader market. That's why I believe that keeping it rated a ‘hold’ is the right choice. But if you were someone to focus on short term fluctuations, I could understand your thinking behind buying it. Shares aren’t cheap enough… yet For those who are unfamiliar with Jack Henry & Associates, the company operates as a financial technology firm that caters to financial institutions and the people and businesses they serve. Today, the company provides its services to roughly 7,400 financial institutions and other corporate entities. The functionality that it makes available includes certain core bank integrated data processing systems that are made available to more than 950 banks and that include operating environments that facilitate core processing and certain integrated complementary solutions. It also provides credit union data processing solutions to roughly 715 c...
The post What is Prop Trading? by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. If you have ever seen an ad promising to let you trade a $100,000 account after passing a trading challenge for a couple hundred dollars, you have seen modern prop trading in action. The industry has exploded from a niche Wall Street practice into a roughly $20 b...
The post What is Prop Trading? by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. If you have ever seen an ad promising to let you trade a $100,000 account after passing a trading challenge for a couple hundred dollars, you have seen modern prop trading in action. The industry has exploded from a niche Wall Street practice into a roughly $20 billion global market with more than 2,000 active firms, and it has become one of the most searched paths into trading for people who do not have large accounts of their own. What Is Prop Trading? Proprietary trading, or prop trading, is when a firm trades stocks, futures, options, currencies, or other instruments with its own capital rather than with client money, keeping the profits for itself. The traders who execute those trades are not managing customer accounts, so their only job is to generate returns on the firm’s money while staying inside strict risk limits. In exchange, the trader typically keeps a share of the profits, often between 70% and 90% at retail-facing firms, while the firm absorbs the trading losses. That risk transfer is the entire appeal: skilled traders get access to far more buying power than they could fund themselves, and the firm gets a cut of the upside without paying a salary. How Modern Prop Firms Actually Work Traditional prop desks at banks largely disappeared after the Volcker Rule restricted federally insured banks from trading for their own account, pushing the activity into independent firms. Today, most people encountering prop trading meet it through the funded trader model used by online firms. You pay an evaluation fee, often $50 to $700 depending on account size, and trade a simulated account that must hit a profit target, commonly 6% to 10%, without breaching a daily loss limit or a maximum drawdown. Pass the evaluation, and the firm gives you a funded account, frequently $25,000 to $300,000 in buying power, and splits the profits ...
Anastasia Korchagina/iStock Editorial via Getty Images As the overall S&P 500 remains wobbly, many investors have shifted back toward smaller and mid-cap stocks that have dramatically underperformed large-caps over the past few years. A number of small-cap stocks with speculative fundamental trends have moved dramatically higher from their February/March lows. Funko ( FNKO ) is one of these stocks...
Anastasia Korchagina/iStock Editorial via Getty Images As the overall S&P 500 remains wobbly, many investors have shifted back toward smaller and mid-cap stocks that have dramatically underperformed large-caps over the past few years. A number of small-cap stocks with speculative fundamental trends have moved dramatically higher from their February/March lows. Funko ( FNKO ) is one of these stocks. The toymaker, best known for its Pop! figurines, has seen a surprising and staggering ~50% gain this year. The stock has seen a substantial re-rating after a surprising Q1 earnings. But the question remains: can Funko justify this rally? Data by YCharts I last wrote a sell article on Funko in March, when the stock was trading at just shy of $3 per share. Since then, Funko has seen its share price soar >60%. I’ll admit the timing of my call was misinformed, but at the same time, when I take a fresh look at Funko’s prospects today, I struggle to find justification for its boosted multiples. In my eyes, the company’s recent beat was more about timing rather than a true recovery in underlying sales trends. With this in mind, I reiterate my sell rating on this stock. Q1 recap The key argument behind my high-conviction sell rating rests on two principles. First, did Funko really beat Q1 earnings, or did it just pull forward retailer shipments? Second, with all the added risk that Funko faces in this difficult macroeconomy, can the stock really justify its valuation multiples against unimpressive profit guidance? Take a look at the Q1 earnings summary below: Funko Q1 results (Funko Q1 earnings deck) Funko’s revenue grew 5% y/y to $200.9 million, which dramatically beat Wall Street’s expectations of $188.8 million (-1% y/y) by a six point margin. Sales trends vastly improved versus a -7% y/y decline in Q4. Funko itself had guided to a 0% to -2% decline range for the quarter. But it only takes looking one layer under the hood to ask the question: what is the true driver of this be...
Imagine a world with more birdsong and less Nigel Farage. If this is the future, bring it on Unpopular opinion incoming: there’s cool stuff brewing in the world. Microbots might one day mend spinal cords , a petri dish of brain cells can already play video games , and now the prospect of a new wonder: according to a New Yorker article on misophonia ( the condition where unwanted noise triggers dis...
Imagine a world with more birdsong and less Nigel Farage. If this is the future, bring it on Unpopular opinion incoming: there’s cool stuff brewing in the world. Microbots might one day mend spinal cords , a petri dish of brain cells can already play video games , and now the prospect of a new wonder: according to a New Yorker article on misophonia ( the condition where unwanted noise triggers disproportionate, unpleasant cognitive and physiological reactions), a team of miracle workers are “using machine learning to develop headphones that … can quickly target and eliminate irksome audio”. Now we’re talking! This project, led by Shyam Gollakota of the University of Washington’s Mobile Intelligence Lab, aims to develop headphones that selectively filter out triggering noises, leaving or enhancing the good sounds. Gollakota offers the example of sitting on a park bench, oblivious to loud talkers next to you but able to hear birdsong. Continue reading...
India is ramping up its economic defenses as the war in Iran drives up energy costs, prompting authorities to ration diesel, weigh spending cuts and hunt for overseas capital. On Friday, the government announced rare restrictions on diesel sales, capping purchases at 200 liters a day per customer. Separately, Bloomberg News reported that authorities are preparing for the budget deficit to possibly...
India is ramping up its economic defenses as the war in Iran drives up energy costs, prompting authorities to ration diesel, weigh spending cuts and hunt for overseas capital. On Friday, the government announced rare restrictions on diesel sales, capping purchases at 200 liters a day per customer. Separately, Bloomberg News reported that authorities are preparing for the budget deficit to possibly overshoot this year’s target by as much as 50 basis points. Last week, the Reserve Bank of India and the government rolled out a raft of measures to attract foreign capital and boost the rupee from a record low. A government official said this week that more steps are under consideration as authorities look to build buffers against surging oil prices. “The set of announcements show that the government is using everything in its armor to insulate the economy from further shocks,” said Garima Kapoor , an economist at Elara Capital. Here’s a Look at How India Could Further Boost Dollar Inflows India May Let Fiscal Gap Widen to as Much as 4.8% of GDP India Curbs Diesel Sales as State Retailers Struggle With Losses India’s Economy Faces Threats That Currency Band-Aid Can’t Fix As the world’s third-largest oil importer, India is heavily exposed to the surge in crude prices since the Iran war began. India imports the bulk of its oil, liquefied petroleum gas and fertilizer gas needs from the Middle East. Much of those supplies typically pass through the Strait of Hormuz, which has been effectively shut for months. The crisis has weighed on India’s currency, which plunged to a record low of almost 97 against the dollar this year before the latest steps to boost foreign inflows. Among the measures announced last week was an easing in investment rules and tax incentives to overseas investors. Investors said the steps could attract as much as $50 billion into Indian stocks and bonds this year. “There is also recognition that to attract capital flows in this tough environment, you have...
The post Are Stocks Liquid Assets? by Sam Boughedda, Stock Market Analyst appeared first on Benzinga . Visit Benzinga to get more great content like this. When the Nasdaq fell more than 4% on June 5 during the worst chip-stock selloff since April 2025, millions of investors who wanted out were able to sell their shares within seconds, even in the middle of the panic. That ability to convert an inv...
The post Are Stocks Liquid Assets? by Sam Boughedda, Stock Market Analyst appeared first on Benzinga . Visit Benzinga to get more great content like this. When the Nasdaq fell more than 4% on June 5 during the worst chip-stock selloff since April 2025, millions of investors who wanted out were able to sell their shares within seconds, even in the middle of the panic. That ability to convert an investment into cash almost instantly is what liquidity means, and it is one of the biggest reasons stocks remain the backbone of most portfolios. Are Stocks Liquid Assets? Yes, publicly traded stocks are considered liquid assets because you can sell them during market hours in seconds and typically receive your cash within one business day. A liquid asset is anything that can be converted to cash quickly without losing a meaningful amount of its value in the process. Shares of large companies like Apple, Microsoft, and Nvidia trade tens of millions of times per day, which means there is almost always a buyer ready the moment you click sell. That puts stocks near the top of the liquidity ladder, just below cash itself, checking and savings balances, and money market funds. How Fast Can You Actually Get Your Cash? Selling a stock and spending the proceeds are two different events, and the gap between them is called settlement. Since May 2024, U.S. stock trades settle on a T+1 cycle under rules adopted by the Securities and Exchange Commission , meaning the cash officially lands in your brokerage account one business day after the trade. So if you sell shares on a Tuesday, the money settles Wednesday, and a withdrawal to your bank typically arrives within one to three business days after that. Many brokerages also let you reinvest unsettled funds immediately, so the money is rarely idle even before it settles. If you are new to placing trades, Benzinga’s guide on how to buy stocks walks through the mechanics of orders, tickers, and timing. When Stocks Are Less Liquid Than You Th...
Advanced Energy Industries ( AEIS ) has issued a formal notice of redemption to fully clear its remaining $136.71M in outstanding 2.50% convertible senior notes due 2028. The final redemption date is scheduled for September 23, 2026. The notes will be redeemed at 100% of their principal amount, alongside any accrued but unpaid interest up to, but excluding, the redemption date. Interest on the not...
Advanced Energy Industries ( AEIS ) has issued a formal notice of redemption to fully clear its remaining $136.71M in outstanding 2.50% convertible senior notes due 2028. The final redemption date is scheduled for September 23, 2026. The notes will be redeemed at 100% of their principal amount, alongside any accrued but unpaid interest up to, but excluding, the redemption date. Interest on the notes will cease to accrue on and after September 23. Noteholders have the option to surrender their notes for conversion at any time before 5:00 p.m. New York City time on September 22, 2026. The notes feature a base conversion price of approximately $137.46 per share, calculated from the standard rate of 7.2747 shares per $1,000 principal. To incentivize early conversion, Advanced Energy is offering a redemption premium by increasing the conversion rate by an additional 0.0743 shares per $1,000 principal for notes converted in connection with this notice. The final equity value will be determined by a 60-day volume-weighted average price observation period running from June 26, 2026, through September 21, 2026. Bondholders who choose to convert will not receive separate cash payments for accrued interest, as the equity settlement satisfies all outstanding corporate obligations. More on Advanced Energy Advanced Energy Industries, Inc. (AEIS) Presents at Bank of America 2026 Global Technology Conference Transcript Advanced Energy Industries: In An AI Gold Rush, Sell Picks And Shovels Advanced Energy: Data Center Revenue Doubles Advanced Energy surges as Cantor Fitzgerald initiates at Overweight Advanced Energy Industries prices $1B offering of 0% convertible senior notes
United Community Banks ( UCB ) said on Friday that it will sell its equipment finance business, consisting of Navitas Credit and NLFC Reinsurance, to funds managed by Wafra for $1.9B. The all-cash transaction reflects a 7% premium to the par value of Navitas’ loan portfolio, the company said. It is expected to reduce the risk profile of United’s loan portfolio. The equipment finance business repre...
United Community Banks ( UCB ) said on Friday that it will sell its equipment finance business, consisting of Navitas Credit and NLFC Reinsurance, to funds managed by Wafra for $1.9B. The all-cash transaction reflects a 7% premium to the par value of Navitas’ loan portfolio, the company said. It is expected to reduce the risk profile of United’s loan portfolio. The equipment finance business represents 10% of United’s total loan portfolio, while accounting for ~50% of United’s net charge-offs for the last twelve months ended March 31, 2026. United expects the acquisition to result in a one-time pre-tax earnings benefit of $109 million, which is expected to result in 3% accretion to tangible book value per share. It is also expected to generate 145 basis points of CET1 capital. The deal is expected to be completed in the third quarter of 2026 and is subject to customary closing conditions. UCB +2.48% to $35.12 Source: Press Release More on United Community Banks United Community Banks: Q1 Earnings And New Acquisition Are Not Quite Enough United Community Banks, Inc. (UCB) Q1 2026 Earnings Call Transcript United Community Banks, Inc. 2026 Q1 - Results - Earnings Call Presentation United Community CFO Harralson to retire, search for successor underway United Community Banks signals 3-5 bps Q2 NIM expansion while outlining Peach State deal at 40% cost savings
The stock market has spent years waiting for this moment. SpaceX (NASDAQ:SPCX) will begin trading this morning in what is the largest IPO in history. The IPO set a record, raising $75 billion at a valuation of approximately $1.77 trillion. Investor demand has been building for months as retail investors and institutions alike seek exposure ... SpaceX’s IPO Frenzy Just Spawned a New Risk That Could...
The stock market has spent years waiting for this moment. SpaceX (NASDAQ:SPCX) will begin trading this morning in what is the largest IPO in history. The IPO set a record, raising $75 billion at a valuation of approximately $1.77 trillion. Investor demand has been building for months as retail investors and institutions alike seek exposure ... SpaceX’s IPO Frenzy Just Spawned a New Risk That Could Cost Investors a Fortune
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the rising illiquidity premia on offer in private credit, a bold experiment at one of the world’s mightiest pension systems, and the dim outlook for listings despite the spray of mega-cap IPOs. But first we dive...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the rising illiquidity premia on offer in private credit, a bold experiment at one of the world’s mightiest pension systems, and the dim outlook for listings despite the spray of mega-cap IPOs. But first we dive into the top talking points at SuperReturn in Berlin. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Hanging tough It was a question on the lips of many attending the SuperReturn event in Berlin this week: how hard is it to make a bull case for private equity right now? As the struggle to exit ageing investments stretches into another quarter and distributions plumb fresh depths , frustrated limited partners are preparing to cull relationships with sponsors that no longer serve their needs. The private equity industry is separating into top-tier players who can still raise as much as they want, and bottom-tier laggards who face uncertain futures. Manager selection now matters much more than it did five years ago, delegates heard. “LPs are looking with much more scrutiny at the quality of GPs and whether they’re going to generate value going forward,” Imogen Richards , partner and Head of Primaries in Pantheon’s European Private Equity, team told my colleague Leo Kehnscherper on the sidelines of the gathering. “You can’t rely on a rising market. Debt also isn’t available in the same cheap way it used to be. In many ways that’s a return to what private equity originally was: buying a company, making it better, helping it grow and creating something, rather than relying on financial engineering,” she said. Firms at risk of losing favor are making bigger efforts to alter their destinies, starting with communication drives and investor outreach to soothe concerns on valuations and strategy. Still, some skeptical participa...
The post How Does the Stock Market Work? by Eric Huffman appeared first on Benzinga . Visit Benzinga to get more great content like this. This morning, SpaceX began trading on the Nasdaq under the ticker SPCX after pricing its shares at $135 each, raising roughly $75 billion in the largest initial public offering in history. Millions of people who have never owned a single share are placing their ...
The post How Does the Stock Market Work? by Eric Huffman appeared first on Benzinga . Visit Benzinga to get more great content like this. This morning, SpaceX began trading on the Nasdaq under the ticker SPCX after pricing its shares at $135 each, raising roughly $75 billion in the largest initial public offering in history. Millions of people who have never owned a single share are placing their first orders today , which makes this the perfect moment to understand the machine they are stepping into. How Does the Stock Market Work? The stock market is a network of exchanges where buyers and sellers trade small ownership stakes in public companies, with prices set continuously by supply and demand. When you buy a share, you are not buying from the company itself in most cases. You are buying from another investor who wants to sell, with the exchange matching the two of you in fractions of a second. Companies use the market to raise money, and investors use it to grow wealth, collect dividends, and sell their stakes whenever they choose. Where Stocks Actually Trade The two dominant U.S. exchanges are the New York Stock Exchange and the Nasdaq, which together list thousands of companies worth tens of trillions of dollars. Regular trading runs from 9:30 a.m. to 4 p.m. Eastern on weekdays, though many brokerages now offer extended or even overnight sessions. The Securities and Exchange Commission regulates the entire system, and its investor.gov resource explains the rules that protect everyday traders, from disclosure requirements to safeguards against manipulation. How Prices Are Set Every stock price you see is simply the last price at which a buyer and a seller agreed to trade. If more people want to buy a stock than sell it at the current price, the price rises until enough sellers appear. The reverse pushes it down. That is why prices move constantly during the trading day, reacting to earnings reports, economic data, interest rate decisions from the Federal Reser...
In this episode of Motley Fool Hidden Gems Investing , Motley Fool personal finance expert Robert Brokamp and Motley Fool employee Stephanie Marini discuss the following topics: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
In this episode of Motley Fool Hidden Gems Investing , Motley Fool personal finance expert Robert Brokamp and Motley Fool employee Stephanie Marini discuss the following topics: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
Uniti (UNIT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.
Uniti (UNIT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.
Here are Friday's biggest calls on Wall Street: Wolfe initiates SpaceX as outperform Wolfe said it sees plenty of upside. "SpaceX turned a competitive moat into an ocean of opportunity that we don't see others crossing. Bringing (internal) cost of launch to near-zero alongside a willingness to push boundaries of scale support out-of-this-world near-term valuation." UBS reiterates Broadcom as buy U...
Here are Friday's biggest calls on Wall Street: Wolfe initiates SpaceX as outperform Wolfe said it sees plenty of upside. "SpaceX turned a competitive moat into an ocean of opportunity that we don't see others crossing. Bringing (internal) cost of launch to near-zero alongside a willingness to push boundaries of scale support out-of-this-world near-term valuation." UBS reiterates Broadcom as buy UBS said it's sticking with Broadcom despite concerns about the Google Broadcom chip partnership. "The Google upside, however, is now somewhat in question in our minds given the recent roadmap changes and supply challenges." TD Cowen reiterates Warby Parker as buy "We see growth in core WRBY business driven by not only store footprint expansion but also increased awareness, particularly around eye exams and insurance, and penetration of higher ASP & margin categories including progressives and sport." Bank of America upgrades Williams-Sonoma to buy from neutral The firm said the company is "rare, quality compounder in consumer discretionary." "We are reinstating coverage with a Buy rating; we expect WSM will remain a structural share gainer. WSM is in a demographic sweet spot, luxury demand is soft, while lower-income consumers remain pressured." Bank of America initiates Avalo Therapeutics as buy Bank of America said it's bullish on the biotech company's skin disease treatment. "We initiate coverage of Avalo with a Buy rating and $35 PO, with lead drug abdakibart now a cleaner, single-asset immunology story after positive phase 2 data in hidradenitis suppurativa, or HS, a common inflammatory skin disease." Wells Fargo initiates Coca-Cola Europacific Partners as overweight Wells said the Coca-Cola bottler has pricing power. "Initiate CCEP Overweight, $110 target, anchored by this primer. Simple idea: our work suggests CCEP delivers algorithm through what already looks a 2027 inflation cycle, firming a unique profit story amid controversy...all at low valuation vs growth." Be...