Sergio Delle Vedove/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify Nike shares fall on weak outlook, options , analysts see rebound. (0:15) Dave & Buster’s up on turnaround hopes . (1:56) February retail sales beat estimates as core spending shows resilience. (2:07) This is an abridged transcript of the podcast: Out top story so far, a disappointing guida...
Sergio Delle Vedove/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify Nike shares fall on weak outlook, options , analysts see rebound. (0:15) Dave & Buster’s up on turnaround hopes . (1:56) February retail sales beat estimates as core spending shows resilience. (2:07) This is an abridged transcript of the podcast: Out top story so far, a disappointing guidance update has Nike ( NKE ) shares tumbling — but the options market suggests some traders see the selloff as overdone. The company guided for a Q4 revenue decline of 2% to 4%, sharply below the 1.9% growth consensus estimate. A 20% drop in Greater China revenue added to an already challenging outlook. Still, activity in the April 10 expiration chain points in a more constructive direction. The $60 call is the single most active strike — more than 25% above the current share price — implying conviction around a potential rebound over the next nine days. Heavy volume in the $55 and $58 calls also suggests positioning for a move back into the $55 to $60 range. RBC Capital Markets says it remains constructive on Nike’s mid-term recovery potential , though it now expects the turnaround to take longer than initially anticipated, citing weakness in Greater China, Converse, and sportswear. On the positive side, RBC noted management appears willing to make difficult decisions to address operational shortcomings. Analysts broadly say Nike’s read-through could ripple across the sector. Under Armour ( UA ) ( UAA ), Deckers ( DECK ), Skechers ( SKX ), and Lululemon ( LULU ) all have China exposure. In Europe, Adidas ( ADDYY ), Puma ( PMMAF ), Anta Sports ( ANPDY ) ( ANPDF ), and On Holding ( ONON ) will also be in focus. Among other active stocks, shares of RH ( RH ) are plunging after the company’s Q4 results and forward guidance disappointed investors , even as management said it is navigating what it called a “dire housing market.” For Q1, revenue is projected to decline 2% to 4%, o...
SlavkoSereda/iStock via Getty Images Overview FS Specialty Lending Fund ( FSSL ) is one of the new players within the high yield credit space. The fund was once a private business development company but recently completed its transition to a public closed-end fund in October of 2025. Since the fund was once a business development company, we will see a lot of parallels with its portfolio strategy...
SlavkoSereda/iStock via Getty Images Overview FS Specialty Lending Fund ( FSSL ) is one of the new players within the high yield credit space. The fund was once a private business development company but recently completed its transition to a public closed-end fund in October of 2025. Since the fund was once a business development company, we will see a lot of parallels with its portfolio strategy and investment approach. Although the debt markets have continued to deteriorate over the last few quarters, I wanted to provide some insights into the fund's outlook and overall value proposition for income investors. FSSL had the unfortunate timing of launching when the credit markets started to deteriorate. Therefore, FSSL's share price has declined by about 10.7% since its inception. Even when including all distributions that were paid out to shareholders, the total return still sits at a loss of about 7.1% over the same time frame. FSSL now offers investors a starting dividend yield of 13.5%, while issuing those payouts on a monthly basis. However, I have some concerns around the overall sustainability of these payouts over the next twelve months. Data by YCharts Although FSSL's portfolio structure looks strong, there are always risks that the fund is negatively impacted by continued deterioration of the credit markets. Higher interest rates have continued to put pressure on underperforming borrowers, while also limited the amount of new investment opportunities for fund managers. Unfortunately, it appears that FSSL is vulnerable to a lot of the same risks as other credit funds, indicated by the fact that the NAV has eroded over the last twelve months. So let's start by taking a look at the underlying strategy that FSSL implements to generate its earnings. Portfolio Strategy According to the most updated fund overview , FSSL has $1.9B in total assets under management that are spread across 83 different portfolio companies. Unlike traditional equities, FSSL's success d...
Luis Alvarez/DigitalVision via Getty Images Income-Covered Closed-End Fund Report (This was formerly the "Quality" CEF Report, now renamed to better reflect the focus on distribution coverage) Quantitative screens help to rapidly narrow down attractive candidates from the database of ~400 closed-end funds for further due diligence and investigation. Logo Based on feedback from our members, we reco...
Luis Alvarez/DigitalVision via Getty Images Income-Covered Closed-End Fund Report (This was formerly the "Quality" CEF Report, now renamed to better reflect the focus on distribution coverage) Quantitative screens help to rapidly narrow down attractive candidates from the database of ~400 closed-end funds for further due diligence and investigation. Logo Based on feedback from our members, we recognize that distribution coverage and return of capital ( ROC ) are key metrics for many investors. While ROC requires deeper analysis beyond simply viewing it as negative, many investors prefer funds with coverage above 100%, meaning distributions are fully supported by earnings. This level of coverage can suggest a lower risk of distribution cuts, which are events that often trigger significant price declines. The Income-Covered CEF Report therefore screens for funds where net investment income provides distribution coverage exceeding 100%. However, several important considerations should be noted. Investors should always verify current coverage ratios using official fund documents before making investment decisions. Additionally, while coverage above 100% is favorable, it doesn't guarantee stable distributions, as funds may adjust their payouts as market conditions change. Finally, our 100% screening threshold, while practical for filtering purposes, remains arbitrary; there's very little meaningful difference between funds at 99.9% versus 100.1% coverage. How is coverage calculated? For the following fund houses, the latest trailing coverage numbers from the fund's latest unaudited monthly estimates are used: PIMCO: trailing 6-month coverage BlackRock: trailing 3-month coverage Nuveen: trailing 3-month coverage Eaton Vance: trailing 3-month coverage Coverage ratios for the remaining funds are based on earnings data from their latest annual or semi-annual reports. Since these reports are published just twice yearly, these coverage figures may lag by up to 6 months compare...
MF3d/E+ via Getty Images Palo Alto Networks ( PANW ) received a Buy rating from Benchmark as the financial services firm initiated coverage on the cybersecurity company. Benchmark also set a $200 price target on the stock. "We believe Palo Alto Networks is a core holding in the cybersecurity sector as we have a relatively great line of sight to bridge Next Gen Security ARR to more than double from...
MF3d/E+ via Getty Images Palo Alto Networks ( PANW ) received a Buy rating from Benchmark as the financial services firm initiated coverage on the cybersecurity company. Benchmark also set a $200 price target on the stock. "We believe Palo Alto Networks is a core holding in the cybersecurity sector as we have a relatively great line of sight to bridge Next Gen Security ARR to more than double from $8.57 billion expected by the end of FY26 year ending July 2026 to $20 billion by FY2030," said Benchmark analyst Yi Fu Lee in an investor note. "We favor companies providing long-term operating models based on achievable goals, and our due diligence work in decomposing the key business pillars suggests NGS is expanding ARR at a tremendous scale, +32.4% y/y to $6.33 billion, even when benchmarking to modern high-growth peers," Lee added. "The positive news is we have yet to bake in AI and Quantum Security to our projection, providing an additional margin of safety." Benchmark also contends that large language model providers such as Anthropic ( ANTHRO ) and OpenAI ( OPENAI ) cannot easily disrupt cybersecurity or critical infrastructure software such as observability and data cloud platforms. More on Palo Alto Networks Palo Alto Networks: AI Threat Is Real Palo Alto Networks: Platform And Hardware Strength To Face AI Disruption Palo Alto Networks: Buy Other Battered Cybersecurity Stocks Instead (Downgrade) Identity, network and endpoint security stand least at risk to LLM disruption: Jefferies 'We must fight AI with AI,' says Palo Alto CEO as frontier models' capabilities expand
Kittisak Kaewchalun Pfizer ( PFE ) and BioNTech ( BNTX ) have halted recruitment for a large U.S.-based clinical trial designed to test their updated COVID-19 vaccine in healthy adults aged 50-64 years, citing challenges in generating enough data due to lower-than-expected enrollments, Reuters reported. The New York-based pharma giant, in a letter sent to trial investigators, stated that it will n...
Kittisak Kaewchalun Pfizer ( PFE ) and BioNTech ( BNTX ) have halted recruitment for a large U.S.-based clinical trial designed to test their updated COVID-19 vaccine in healthy adults aged 50-64 years, citing challenges in generating enough data due to lower-than-expected enrollments, Reuters reported. The New York-based pharma giant, in a letter sent to trial investigators, stated that it will no longer conduct surveillance of trial subjects for signs of COVID-19 disease after Apr. 3. A review of current epidemiological trends led the company to halt enrollments on Mar. 6, according to the letter. Pfizer ( PFE ) and BioNTech ( BNTX ) told Reuters that they communicated with the FDA regarding plans to halt the COVID vaccine study due to difficulties in recruiting enough trial subjects. The study was expected to target roughly 25K–30K enrollments in the U.S. "This study is not ending as a result of any safety or benefit-risk concerns,” the companies said, adding, “We intend to stop the study due to slow enrollment and therefore the inability to generate relevant post-marketing data. ” Under the Trump administration, the regulatory requirements for COVID-19 vaccines have been tightened. In 2025, the FDA required COVID vaccine makers to conduct agency-recommended randomized placebo-controlled trials as a post-marketing requirement for their products targeting healthy adults aged 50-64 years. More on Pfizer, BioNTech Pfizer: Why Wall Street Habitually Overestimates Target Price Why Pfizer Remains A Strong Buy In 2026 Pfizer: Undervalued High-Yield Giant With A Pipeline Built For The Next Decade Belgian court orders Poland, Romania to accept $2.2B of Pfizer COVID shots Pfizer is said to close South San Francisco research site
franckreporter/iStock via Getty Images Former JPMorgan strategist Marko Kolanovic cautioned investors Wednesday that the ongoing market rebound may be deceiving, warning it looks more like a setup for further declines than genuine de-escalation. “I think it’s likely that some sort of ground operation will start for this long weekend,” Kolanovic wrote in a post on X, adding that “all the noise and ...
franckreporter/iStock via Getty Images Former JPMorgan strategist Marko Kolanovic cautioned investors Wednesday that the ongoing market rebound may be deceiving, warning it looks more like a setup for further declines than genuine de-escalation. “I think it’s likely that some sort of ground operation will start for this long weekend,” Kolanovic wrote in a post on X, adding that “all the noise and deception” was designed “to keep markets (stocks) supported and lid on Oil.” He advised investors that “it’s probably safer to fade this rally.” The warning came on the heels of Wall Street’s strongest session in nearly a year. On Tuesday, the Dow Jones Industrial Average ( DJI ) jumped 1,125 points, the S&P 500 ( SP500 ) jumped about 3% and the Nasdaq ( COMP:IND ) surged ~4% as traders responded to signs the Iran conflict might ease. Oil prices ( CL1:COM ) ( CO1:COM ) pulled back, and equities continued climbing into Wednesday trading amid optimism over a potential resolution. However, the broader market picture remains uncertain, with the S&P 500 finishing the first quarter in the red and Brent crude posting its biggest quarterly rise since the Gulf War. Kolanovic’s concern centers on this disconnect: markets are trading on headlines and relief while underlying war risks persist. President Donald Trump is set to deliver a prime-time address at 9 p.m. New York time to provide an update on the war in Iran. Earlier on Wednesday, he said that Iran has asked the U.S. for a ceasefire, but made clear he will not consider it until the Strait of Hormuz is reopened. But Iranian Foreign Minister Abbas Araghchi subsequently confirmed that Iran does not accept a ceasefire from the U.S., alleging that they are seeking an end to the war with the guarantees that "such aggressions will not be repeated." Five-day price returns (Seeking Alpha ) Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate po...
Jaguar Mining press release ( JAG:CA ): Q4 Non-GAAP EPS of $0.04. Revenue of $38M (-10.2% Y/Y) from $42.3M in 2024. Net loss rose to 20.54M in 2025 from 19.88M. More on Jaguar Mining Jaguar Mining: Limited Margin Of Safety At Current Levels Jaguar Mining reports Q4 results Historical earnings data for Jaguar Mining Financial information for Jaguar Mining
Jaguar Mining press release ( JAG:CA ): Q4 Non-GAAP EPS of $0.04. Revenue of $38M (-10.2% Y/Y) from $42.3M in 2024. Net loss rose to 20.54M in 2025 from 19.88M. More on Jaguar Mining Jaguar Mining: Limited Margin Of Safety At Current Levels Jaguar Mining reports Q4 results Historical earnings data for Jaguar Mining Financial information for Jaguar Mining
China’s Supreme People’s Court has upheld the validity of key AI patents held by Xiao-I Corporation in its infringement case against Apple. The ruling is final in China, closing Apple’s ability to challenge these patents through further appeals. The case now moves toward a damages and remedies phase that could affect Apple’s China operations and product decisions. For investors following NasdaqGS:...
China’s Supreme People’s Court has upheld the validity of key AI patents held by Xiao-I Corporation in its infringement case against Apple. The ruling is final in China, closing Apple’s ability to challenge these patents through further appeals. The case now moves toward a damages and remedies phase that could affect Apple’s China operations and product decisions. For investors following NasdaqGS:AAPL, this development touches a core market where Apple sells hardware, services, and software...
Nico De Pasquale Photography/DigitalVision via Getty Images Back in August 2025, I wrote a bullish article suggesting that Snap Inc. ( SNAP ) shares were worth buying after dropping from a high of around $80 to just $7. My bullishness has not paid off, and the stock recently dropped to below $4. The stock seemed to be in freefall for the past month as the stock market went into a correction due to...
Nico De Pasquale Photography/DigitalVision via Getty Images Back in August 2025, I wrote a bullish article suggesting that Snap Inc. ( SNAP ) shares were worth buying after dropping from a high of around $80 to just $7. My bullishness has not paid off, and the stock recently dropped to below $4. The stock seemed to be in freefall for the past month as the stock market went into a correction due to the war in Iran. Plus, there was an unfavorable legal case for Meta Platforms ( META ) which negatively impacted social media stocks. Basically, it seems like Snap shares have been in a perfect storm. If I feel I was wrong about a stock I am willing to cut my losses and sell. But, if I think the market is wrong, I will often buy more shares when a stock declines, and that is exactly what I did when Snap shares plunged into the $3 range. I believe that because of a lot of negative sentiment, Snap shares have become disconnected from the value it has in the mid- to long-term time frame scenario. I think there is a lot of value in Snap and that management needs to change course. Just a couple of weeks ago, I wrote an article about how AI-related job losses could hurt the economy but that some companies like Snap could be poised to announced major layoffs and potentially massively increase earnings in the coming years. My article pointed out that Meta Platforms and Block ( XYZ ) had just announced big layoffs and that I believed Snap would soon do the same. It seems that other investors are seeing this potential as well, because activist shareholder Irenic just sent an open letter to Snap's management team with this and other suggestions that could potentially create significant shareholder upside. With all of this in mind, let's take a look at why I keep buying Snap shares, and how some potential changes at the company could drive this stock much higher: The Chart As shown in the chart below, Snap shares were trading for about $9 per share just a few weeks ago and it is reall...
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk's SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC's David Faber, bringing Elon Musk's rocket company one step closer to what's expected to be a record public offering. Bloomberg was first to report on SpaceX's confidential filing, citin...
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk's SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC's David Faber, bringing Elon Musk's rocket company one step closer to what's expected to be a record public offering. Bloomberg was first to report on SpaceX's confidential filing, citing people familiar with the matter, adding that the company could seek a valuation of $1.75 trillion. Founded by Musk in 2002 to develop and operate reusable rockets, SpaceX has turned into NASA's biggest launch partner after the agency ended its space shuttle program in 2011. The company merged with Musk's xAI in February, creating a combined entity that he valued at the time at $1.25 trillion. When SpaceX eventually lists, Musk will become the first person to helm two separate trillion-dollar publicly traded companies. WATCH: SpaceX has filed confidentially for IPO Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Investors are starting to lose confidence in computer hardware firm Super Micro Computer (SMCI) despite its strong sales growth, close ties to chipmaker Nvidia (NVDA), and a key role in building AI data centers. This comes after co-founder Wally Liaw was indicted for allegedly bypassing U.S. export restrictions to China, which triggered another wave of selling. While Liaw has stepped down and the ...
Investors are starting to lose confidence in computer hardware firm Super Micro Computer (SMCI) despite its strong sales growth, close ties to chipmaker Nvidia (NVDA), and a key role in building AI data centers. This comes after co-founder Wally Liaw was indicted for allegedly bypassing U.S. export restrictions to China, which triggered another wave of selling. While Liaw has stepped down and the company says it is cooperating, the damage to sentiment has already been done, especially since this
TAC Infosec, a global leader in cybersecurity (NSE: TAC), with presence across 100+ countries, announced a historic milestone by crossing 10,000 clients – 6,500+ of TAC Security and 3,500+ of CyberScope, since April 2024, delivering on its commitment to shareholders to achieve this by 2026.
TAC Infosec, a global leader in cybersecurity (NSE: TAC), with presence across 100+ countries, announced a historic milestone by crossing 10,000 clients – 6,500+ of TAC Security and 3,500+ of CyberScope, since April 2024, delivering on its commitment to shareholders to achieve this by 2026.