Plug Power ( PLUG ) shares continued losses for seven straight sessions, as the stock closed 1.2% lower at $2.83 on Thursday. The semiconductor company lost about 22% in the preceding seven sessions. Overall, the stock rose over 41% so far this year, compared to the 6% rise in the broader S&P 500 Index. PLUG is down over 21% over the past one month. The stock closed 1.7% lower on Wednesday at $2.8...
Plug Power ( PLUG ) shares continued losses for seven straight sessions, as the stock closed 1.2% lower at $2.83 on Thursday. The semiconductor company lost about 22% in the preceding seven sessions. Overall, the stock rose over 41% so far this year, compared to the 6% rise in the broader S&P 500 Index. PLUG is down over 21% over the past one month. The stock closed 1.7% lower on Wednesday at $2.86. Looking at Seeking Alpha's Quant Rating, PLUG has a Hold rating with a score of 3.16 out of 5. The company received an A in the prospect of momentum, while it got an F in the profitability factor. Turning to the Wall Street community, five analysts gave PLUG a Strong Buy, 12 analysts have given the stock a Hold recommendation, and three recommended Strong Sell. However, Seeking Alpha analysts are bullish and see the stock as a Buy. “The ongoing AI data center hype and Bloom Energy's success have resulted in speculative investors aggressively chasing shares of fuel cell companies again,” said Seeking Alpha analyst Henrik Alex, adding that recent investor enthusiasm is hard to justify, but momentum appears to be the name of the game right now. “On the positive side, the company has shown real improvement in gross margins, and government policy support could help growth. That creates potential upside,” noted another recent Seeking Alpha analysis by Grassroots Trading. However, the analysis warned that expected revenue declines and other headwinds limit how much investors are likely to gain. More on Plug Power Plug Power: Stock Rallies On Operational Progress And Shift In Market Sentiment (Rating Upgrade) Plug Power's Inflection Point: From Cash Burn To Clean Energy Scale Most and least shorted industrial stocks with market caps between $2B-$10B as of end-May SA analyst upgrades/downgrades: AAPL, GT, CORZ, PLUG
On June 11, the State Administration for Market Regulation, the Cyberspace Administration of China and the National Railway Administration held regulatory talks with seven third-party platform companies. Photo: VCG Chinese regulators have summoned seven major online travel service providers, including Trip.com and Meituan, to demand the rectification of deceptive train ticket sales practices and d...
On June 11, the State Administration for Market Regulation, the Cyberspace Administration of China and the National Railway Administration held regulatory talks with seven third-party platform companies. Photo: VCG Chinese regulators have summoned seven major online travel service providers, including Trip.com and Meituan, to demand the rectification of deceptive train ticket sales practices and data privacy violations. The State Administration for Market Regulation, alongside cyberspace and railway authorities, held talks with the companies on Thursday. Officials targeted platforms including Tongcheng Travel Holdings Ltd., Qunar, Fliggy, Suanya.com, and Gao Tie Guan Jia for aggressively marketing fake ticket acceleration fees, encouraging passengers to book mismatched travel routes, and improperly harvesting personal information.
SpaceX priced its IPO, valuing the company at about $1.8 trillion. That values Musk's stake at about $866 billion. Combined with his Tesla position, Musk is worth roughly $1.1 trillion, according to Barron's.
SpaceX priced its IPO, valuing the company at about $1.8 trillion. That values Musk's stake at about $866 billion. Combined with his Tesla position, Musk is worth roughly $1.1 trillion, according to Barron's.
Excitement around the upcoming market debut of SpaceX has spurred the exchange-traded-fund industry to plan new ETFs will that give traders a way to make risky leveraged bets on the company’s stock after its IPO.
Excitement around the upcoming market debut of SpaceX has spurred the exchange-traded-fund industry to plan new ETFs will that give traders a way to make risky leveraged bets on the company’s stock after its IPO.
MicroStockHub Wall Street rallied on Thursday as investors welcomed signs of easing geopolitical tensions after President Donald Trump said a planned U.S. military operation against Iran had been halted, helping shift market attention back toward economic growth prospects. The technology-heavy Nasdaq Composite ( COMP:IND ) led gains with a +2.5% advance, while the blue-chip Dow Jones Industrial Av...
MicroStockHub Wall Street rallied on Thursday as investors welcomed signs of easing geopolitical tensions after President Donald Trump said a planned U.S. military operation against Iran had been halted, helping shift market attention back toward economic growth prospects. The technology-heavy Nasdaq Composite ( COMP:IND ) led gains with a +2.5% advance, while the blue-chip Dow Jones Industrial Average ( DJI ) climbed +1.8%. The benchmark S&P 500 ( SP500 ) rose +1.7%. According to investing group leader Leo Nelissen of Main Street Alpha, he stated, the session demonstrated how quickly investor sentiment can improve when fears surrounding the Iran conflict begin to subside. “Today was a prime example of what happens when the Iran War fears ease,” Nelissen said, noting that markets quickly pivoted away from geopolitical concerns and back toward growth-oriented themes. The analyst highlighted strong performance among cyclical value stocks, including housing-related companies and industrial names, which significantly outperformed as risk appetite improved. “While history tells us that sentiment can quickly change, the market focused on economic growth,” Nelissen stated, adding that investors responded positively once Trump’s comments reduced immediate concerns about escalation. Nelissen also argued that the rally could have further room to run, citing expectations that potential future Federal Reserve leadership may prove less hawkish than many investors currently anticipate. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets Trump halts Iran strikes and signals major Middle East agreement nearing completion Top 10 most oversold S&P 500 stocks ETFs are ready for liftoff as SpaceX IPO fuels interest in space stocks Over 40% of S&P 500 stocks trade below their 200-day MA amid selloff 15 dividend stocks to wa...
Getty Images This is the right time to raise money Alphabet Inc. ( GOOG ) ( GOOGL ) has been selling off, along with the rest of the Nasdaq ( QQQ ), this week. They've been receiving flak for wanting to float new equity to finance some of the company's future CAPEX ambitions. Let's see how Google is doing for the trailing month and week vs. the Nasdaq. 1 month Data by YCharts 1 week Data by YChart...
Getty Images This is the right time to raise money Alphabet Inc. ( GOOG ) ( GOOGL ) has been selling off, along with the rest of the Nasdaq ( QQQ ), this week. They've been receiving flak for wanting to float new equity to finance some of the company's future CAPEX ambitions. Let's see how Google is doing for the trailing month and week vs. the Nasdaq. 1 month Data by YCharts 1 week Data by YCharts As we can see, Google has been underperforming the Nasdaq in this recent tech selloff. I'm still partially of the opinion that the selloff has been institutions gathering dry powder in preparation for the SpaceX ( SPCX ) IPO, but the Google selloff began before the larger macro trend, to be fair. Let's take a look at the details of the offering : The offerings consist of: -An SEC-registered underwritten offering of $20.7 billion in Class A common stock and Class C capital stock (including exercise in full of the underwriters’ option to purchase additional securities). -SEC-registered underwritten offerings of $19.3 billion in two series of depositary shares representing two series of mandatory convertible preferred stock (including exercise in full of the underwriters’ option to purchase additional securities). -Capped call transactions related to the convertible preferred stock.-A $40 billion SEC-registered at-the-market (ATM) offering program for Class A common stock and Class C capital stock. -A private placement of $10 billion in Class A common stock and Class C capital stock to Berkshire Hathaway Inc. All told, the company will be raising around $90 billion in equity capital through this program. Data by YCharts For starters, 90 billion/4,000 billion = 2.25% dilution. Thus, for any forward earnings assumptions or valuations, I would multiply those by 97.75% to account for this dilutive effect. Buy low, sell high $90 billion sounds like a huge number on paper; it's more than the market cap of many S&P 500 companies. When a company is worth over $4 trillion, however, i...
Samuel Corum/Getty Images News President Donald Trump on Thursday touted what he called a "great settlement" that could resolve the conflict with Iran, indicating the deal may be finalized this weekend. Speaking at the start of an Oval Office event, Trump said the documents were in "pretty final shape" and that a signing ceremony could take place soon, potentially in Europe, with Vice President JD...
Samuel Corum/Getty Images News President Donald Trump on Thursday touted what he called a "great settlement" that could resolve the conflict with Iran, indicating the deal may be finalized this weekend. Speaking at the start of an Oval Office event, Trump said the documents were in "pretty final shape" and that a signing ceremony could take place soon, potentially in Europe, with Vice President JD Vance in attendance. "We just made a great settlement of the war with Iran," Trump said. "And we're going to be, subject to finalization of documents, which should get done over the next few days, probably have a signing, maybe in Europe." "That should be done pretty quickly," Trump added, though he tempered expectations slightly: "We'll see." The president noted he had spoken with several world leaders about the development, including Israeli Prime Minister Benjamin Netanyahu and heads of Gulf nations. Earlier on Thursday, Trump pointed to a potential diplomatic breakthrough with Iran, saying a planned U.S. military operation had been called off as negotiations moved closer to a finalized multinational agreement in the Middle East. Just hours before that, he threatened to hit Iran “very hard” with new strikes. Iranian news agency Fars reported leaders have yet to approve the text of any deal with the U.S., citing an unnamed source. 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 political discussion. More on United States Oil Fund LP ETF, United States Brent Oil Fund LP ETF, etc. Energy Markets Remain Complacent Despite Significant Supply Shock UCO Vs. USO And BNO: Tactical Leveraged Hedge For Oil Inventory Cliff The Strait Of Hormuz Will Be A Positive For Oil Prices For A Long Time To Come Senate defense bill boosts Ukraine aid, backs weapons procurement Oil suddenly turns sharply lower after Trump cancels planned Iran strikes
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) head of global trading Tracey Gunnlaugsson is retiring , Reuters reported Thursday, after t he company reported a $3.9B paper loss stemming from derivatives in Q1 which dragged down overall net income to its lowest level in five years. Gunnlaugsson was appointed to lead the trading division in 2023 after previously serving as a human resources...
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) head of global trading Tracey Gunnlaugsson is retiring , Reuters reported Thursday, after t he company reported a $3.9B paper loss stemming from derivatives in Q1 which dragged down overall net income to its lowest level in five years. Gunnlaugsson was appointed to lead the trading division in 2023 after previously serving as a human resources VP at the company for nearly five years. Exxon's ( XOM ) trading losses contrasted with Q1 trading profits of European oil majors, which amassed billions of dollars from this year's energy supply crunch triggered by the Middle East war. The company uses financial derivatives to mitigate the risk of price changes during the time it takes to deliver cargoes to customers, and it has said the value of the physical shipment is not reflected in earnings until the transaction is complete, which created a large unfavorable timing impact. CEO Darren Woods said on Exxon's ( XOM ) Q1 earnings conference call that the company was confident the quarter's trading losses were a timing problem "that will work itself out." "The timing impact here is primarily driven by the fact that the trading organization is taking advantage of the opportunities in the marketplace and locking in profit," Woods said. More on Exxon Mobil Sneak Peak Into The New Quant Growth & Income Portfolio: An Energy Giant Built For Volatility 3 Growth & Income Stocks To Buy + Steve Answers Your Questions Exxon Mobil: Buy As Iran Fades Into The Past (Hopefully Soon)
Terraxplorer/iStock via Getty Images I wrote about base metals and the Invesco DB Base Metals Fund ( DBB ) on Seeking Alpha on March 3, 2026, when I concluded with the following in my article: The following factors favor higher base metals prices and a rising DBB ETF over the coming months: Base metals are critical for infrastructure building and are increasingly required for energy generation. Th...
Terraxplorer/iStock via Getty Images I wrote about base metals and the Invesco DB Base Metals Fund ( DBB ) on Seeking Alpha on March 3, 2026, when I concluded with the following in my article: The following factors favor higher base metals prices and a rising DBB ETF over the coming months: Base metals are critical for infrastructure building and are increasingly required for energy generation. The demand side of the fundamental equation is growing due to population increases and demand for electricity from EVs, AI, and other advances. Copper is the leading base metal, and analysts expect stagnant production and increasing demand to support higher prices. The base metals tend to follow copper prices. Inflationary pressures continue to push up production costs, driving prices higher. DBB has been in a bullish trend for six years. I reiterate my Buy rating on DBB as the ETF’s price is below its March 2022 high of $27.01 per share, which is the initial upside target. The DBB ETF was trading at $23.94 per share on March 3, 2026, and has rallied toward a test of the March 2022 high. DBB Holdings Include Five Of The Six LME Metals The nonferrous metals on the London Metals Exchange are copper, aluminum, nickel, lead, zinc, and tin. Aside from the LME, copper futures trade on the CME’s COMEX futures exchange. As of June 8, 2026, the DBB ETF includes exposure to five of the six LME metals. DBB excludes tin from its portfolio because it's the least liquid of the LME nonferrous metals and has low daily trading volume. At $25.19 per share, DBB had $384.52 million in assets under management. DBB trades an average of over 450,000 shares per day and charges a 0.75% management fee. The latest $0.60 per share annual dividend yields 2.38%. The yield likely comes from rolling contracts in backwardation, where nearby prices are higher than deferred prices. Copper Is Near A Record High COMEX copper futures rose to an all-time high in May. 30-Year Monthly COMEX Copper Futures Chart (Bar...
Victoria’s Secret & Co. investors have reelected all nine board members, including its board chair who faced a proxy contest, the company said Thursday. The preliminary voting results from Victoria’s Secret’s annual shareholder meeting Thursday marked a loss for billionaire Brett Blundy’s investment firm, which launched a campaign looking to oust the board chair. Blundy’s firm, BBRC International ...
Victoria’s Secret & Co. investors have reelected all nine board members, including its board chair who faced a proxy contest, the company said Thursday. The preliminary voting results from Victoria’s Secret’s annual shareholder meeting Thursday marked a loss for billionaire Brett Blundy’s investment firm, which launched a campaign looking to oust the board chair. Blundy’s firm, BBRC International Pte., had urged shareholders to oust board Chair Donna James and director Mariam Naficy, arguing the stock had underperformed due to “ineffective oversight” by the board. The investor blamed James, who has 25 years of tenure, for poor decision-making leading to years of declining sales. Naficy last month said she wouldn’t seek reelection. BBRC voted against all company nominees other than Victoria’s Secret Chief Execurtive Officer Hillary Super. Victoria’s Secret said James won with about 83% approval and that each of its other director nominees received at least 81% of the votes. The votes follow recommendations last week from proxy advisers Glass Lewis & Co. and Institutional Shareholder Services Inc., which endorsed the current board . A representative for BBRC didn’t immediately respond to a request for comment. “Today’s outcome is a decisive statement of support for the current board leadership from VS&Co’s shareholders,” Victoria’s Secret said in a statement. “It also recognizes the substantial progress, outperformance and value creation delivered under the path to potential strategy and reaffirms shareholder confidence in our board’s continued oversight of that strategy.” Shares of Victoria’s Secret climbed 5% Thursday to $77.74 at 3:36 p.m. in New York trading, giving the company a market value of about $6.2 billion. The lingerie business earlier this month reported net sales of $1.56 billion for the quarter ended May 2, beating analysts estimates. Guidance for the current quarter and comparable sales in the latest quarter also beat forecasts. Shares of Victoria’s S...
ablokhin The Federal Reserve will buy ~$10B in Treasury bills over the next month, unchanged from the previous period, as policymakers seek to shore up reserves ahead of an expected liquidity drain in coming months. The New York Fed's open market desk will make the reserve management purchases from June 12 to July 13, it said on its website. It also plans to conduct ~$16.5B in reinvestment purchas...
ablokhin The Federal Reserve will buy ~$10B in Treasury bills over the next month, unchanged from the previous period, as policymakers seek to shore up reserves ahead of an expected liquidity drain in coming months. The New York Fed's open market desk will make the reserve management purchases from June 12 to July 13, it said on its website. It also plans to conduct ~$16.5B in reinvestment purchases during that period. While the central bank is confident that funding markets will continue to run smoothly, the mechanics and timing of reserve management can sometimes be tricky. The U.S. Treasury is expected to boost the bill supply and increase its cash balance to more than $1T, Bloomberg News reported . That means the cash needs to come from somewhere. Draining that liquidity will drive up funding costs as bank reserves are taken out of the system. At the end of 2025, the Fed stopped its quantitative tightening, a process that shrinks its balance sheet, and then started adding reserves into the financial system through the purchase of short-term Treasuries due in less than a year. In December, the central bank started buying ~$40B of Treasury bills each month for reserve management to reduce pressures on short-term rates. That pace continued until April 13. Then it reduced the purchases to $25B in the next month, dropping to $10B per month starting May 14. Robert Perli, manager of the System Open Market Account at the New York Fed, said last month that the desk's reserve management purchases are not on a predetermined course. The desk will manage the SOMA securities holdings to maintain an ample supply of reserves, he said. "B ut the monthly pace of RMPs is impossible to determine ex ante as it will be a function of varying market conditions." In any case, " we stand ready to adjust the pace of RMPs up or down as necessary to maintain reserves within the ample range," he said. More on Rates How These Sectors Might Slump To The Downside After The June Fed Decision Dow...
Elon Musk's SpaceX (SPAX.PVT) is on the launchpad, just one day away from its scheduled IPO. TrueCar Founder Scott Painter — an early Tesla (TSLA) advisor who sold Musk his Bel-Air mansion in 2020 — discusses his first-hand experiences witnessing Musk's leadership and vision as he seeks to expand his corporate empire. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ti...
Elon Musk's SpaceX (SPAX.PVT) is on the launchpad, just one day away from its scheduled IPO. TrueCar Founder Scott Painter — an early Tesla (TSLA) advisor who sold Musk his Bel-Air mansion in 2020 — discusses his first-hand experiences witnessing Musk's leadership and vision as he seeks to expand his corporate empire. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.