designer491 Ricky Sandler's Eminence Capital is shutting down after 27 years, Bloomberg News reported , citing a letter written by the CEO. "Over the last few years, it has become increasingly difficult to apply our rigorous bottom-up investment process to rapidly shifting market conditions and an evolving market structure," Sandler said in the letter seen by Bloomberg. The hedge fund has posted d...
designer491 Ricky Sandler's Eminence Capital is shutting down after 27 years, Bloomberg News reported , citing a letter written by the CEO. "Over the last few years, it has become increasingly difficult to apply our rigorous bottom-up investment process to rapidly shifting market conditions and an evolving market structure," Sandler said in the letter seen by Bloomberg. The hedge fund has posted disappointing returns, and expenses have made it difficult to continue the firm, Sandler reportedly wrote. Eminence Capital is the latest hedge fund to close, reflecting strain on multi-strategy hedge funds. Recently, AllianceBernstein ( AB ) reportedly shut its multi-manager fund AB Arya. More on Eminence Capital Eminence Capital cuts stake in Advanced Micro Devices, Amazon, adds to Meta, Salesforce in Q4 Quant check on Eminence Capital's top Q4 holdings: AMZN, GTLB, AMD, LPX
Soybeans are trading with front months up 2 to 3 cents, as deferred contracts are showing fractional losses. The cmdtyView national average Cash Bean price was up 2 1/2 cents at $11.00 3/4. Soymeal futures are $1.50 to $2.60, with Soy Oil futures up 25 to 35 points. USDA’s weekly...
Soybeans are trading with front months up 2 to 3 cents, as deferred contracts are showing fractional losses. The cmdtyView national average Cash Bean price was up 2 1/2 cents at $11.00 3/4. Soymeal futures are $1.50 to $2.60, with Soy Oil futures up 25 to 35 points. USDA’s weekly...
Corn futures are trading with contracts fractionally to 2 cents lower on Friday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.19 3/4. Export Sales data has corn export commitments totaling 74.1 MMT as of April 16, a 28% increase from the same time last...
Corn futures are trading with contracts fractionally to 2 cents lower on Friday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.19 3/4. Export Sales data has corn export commitments totaling 74.1 MMT as of April 16, a 28% increase from the same time last...
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week. Monday - April 27 Volatility watch - Car rental stocks Avis Budget ( CAR ) and Hertz Global ( HTZ ) are set up for another volatile week of trading based on options volume. The most overbought stocks per their 14-day rel...
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week. Monday - April 27 Volatility watch - Car rental stocks Avis Budget ( CAR ) and Hertz Global ( HTZ ) are set up for another volatile week of trading based on options volume. The most overbought stocks per their 14-day relative strength index include Pitney Bowes ( PBI ), Avanos Medical ( AVNS ), and Skillz ( SKLZ ). The most oversold stocks per their 14-day Relative Strength Index include Northrop Grumman ( NOC ), Lockheed ( LMT ), and Tractor Supply ( TSCO ). Short interest is elevated on SoundHound AI ( SOUN ) and BigBear.ai Holdings ( BBAI ) again. Earnings watch - Notable companies due to report include Verizon ( VZ ), Public Storage ( PSA ), Nucor ( NUE ), and Domino's Pizza ( DPZ ). Options trading implies a double-digit swing for Rambus ( RMBS ) after it reports. Dividend watch - Companies that have an ex-dividend date coming next week include Cal-Maine ( CALM ), AGNC Invest ( AGNC ), Morgan Stanley ( MS ), and Costco ( COST ). IPO watch - Pershing Square USA ( PSUS ) is expected to price its IPO and begin trading. Buyers of the new company will get exposure to Bill Ackman’s investing vehicle plus a small stake in the Pershing Square (PS) management company. The analyst quiet period expires on HMH Holding ( HMH ) to free up analysts to post ratings. Iran watch - Traders will be on edge once again as weekend developments could impact the conflict in the Middle East and energy prices. All day - Shareholders of Calavo Growers ( CVGW ) will vote on the proposed merger with Mission Produce ( AVO ). Tuesday - April 28 Earnings watch - Notable companies due to report include Visa ( V ), Coca-Cola ( KO ), T-Mobile ( TMUS ), Booking Holdings ( BKNG ), Starbucks ( SBUX ), United Parcel Service ( UPS ), Robinhood Markets ( HOOD ), General Motors ( GM ), Spotify ( SPOT ), Barclays ( BCS ), NXP S...
Websites for some of the world’s most prestigious universities are serving explicit porn and malicious content after scammers exploited the shoddy record-keeping of the site administrators, a researcher found recently. The sites included berkeley.edu, columbia.edu, and washu.edu, the official domains for the University of California, Berkeley, Columbia University, and Washington University in St. ...
Websites for some of the world’s most prestigious universities are serving explicit porn and malicious content after scammers exploited the shoddy record-keeping of the site administrators, a researcher found recently. The sites included berkeley.edu, columbia.edu, and washu.edu, the official domains for the University of California, Berkeley, Columbia University, and Washington University in St. Louis. Subdomains such as hXXps://causal.stat.berkeley.edu/ymy/video/xxx-porn-girl-and-boy-ej5210.html, hXXps://conversion-dev.svc.cul.columbia[.]edu/brazzers-gym-porn, and hXXps://provost.washu.edu/app/uploads/formidable/6/dmkcsex-10.pdf. All deliver explicit pornography and, in at least one case, a scam site falsely claiming a visitor’s computer is infected and advising the visitor to pay a fee for the non-existent malware to be removed. In all, researcher Alex Shakhov said, hundreds of subdomains for at least 34 universities are being abused. Search results returned by Google list thousands of hijacked pages. A handful of hijacked columbia.edu subdomains listed by Google One of the sites redirected by a UC Berkeley subdomain. Hijacking a university's good name Shakhov, a researcher at SH Consulting, said that the scammers—which a separate researcher has linked to a known group tracked as Hazy Hawk —are seizing on what amounts to a clerical error by site administrators of the affected universities. When they commission a subdomain such as provost.washu.edu, they create a CNAME record, which assigns a URL to the IP address hosting the subdomain. When the subdomain is eventually decommissioned—something that happens frequently for various reasons—the record is never removed. Scammers like Hazy Hawk then swoop in by registering the expired domain name at the base of the old URL. Read full article Comments
yujie chen/iStock Editorial via Getty Images In early February, I downgraded Intel Corporation ( INTC ) from a Hold to a Sell rating. I stated that the stock was facing a reckoning as I found signs that the company's turnaround was, in fact, losing momentum. Furthermore, the sharp expansion in the valuation showed that a lot of optimism was getting priced in. As you probably know by now, Intel rep...
yujie chen/iStock Editorial via Getty Images In early February, I downgraded Intel Corporation ( INTC ) from a Hold to a Sell rating. I stated that the stock was facing a reckoning as I found signs that the company's turnaround was, in fact, losing momentum. Furthermore, the sharp expansion in the valuation showed that a lot of optimism was getting priced in. As you probably know by now, Intel reported their latest batch of earnings yesterday (April 23rd), and the stock rocketed in after-hours trading. The rating history chart below actually hasn't updated to reflect the extent of these gains, as Intel is now around 65% above levels when my previous update was published. Today, I will conduct a fresh analysis to see whether my pessimism was misplaced or whether the market is getting increasingly irrational. Seeking Alpha Below, it is shown that a turnaround is finally starting to gain traction. Revenue growth has bounced back into positive territory, all segments are seeing considerable improvement, and their margins are expanding significantly. Looking forward, guidance is impressive and shows that the recovery will continue. The prodigal son seems to be finally returning, but that may not necessarily mean the stock is a buy now. Currently, the biggest risk to stock outperformance would be the highly elevated valuation. With a successful turnaround already priced in, I would say that Intel has become only a hold at this point. Q1 Results Overview Intel Q1 Presentation Let's start with an overview of Intel's Q1 results before moving into a deeper dive into each of their segments. Firstly, for the top line, the chipmaker generated total revenues of $13.6 billion , up 7% YoY. While this isn't the strongest growth rate in the world, it does represent a significant improvement from the 4% decline that was seen just last quarter . This may show that an inflection point is in and that business activity is finally starting to rebound in a material manner. Another encouragi...
Royal Court theatre, Liverpool Writer-actor Aron Julius captures the sparkling charm of Liverpudlian fighter John Conteh in a punch-by-punch account of his career Don King is singing the praises of his new signing. The boxing impresario, played by Zach Levene with an extravagant bouffant, sees something special in John Conteh , the light-heavyweight champion. It is a talent that goes beyond the ri...
Royal Court theatre, Liverpool Writer-actor Aron Julius captures the sparkling charm of Liverpudlian fighter John Conteh in a punch-by-punch account of his career Don King is singing the praises of his new signing. The boxing impresario, played by Zach Levene with an extravagant bouffant, sees something special in John Conteh , the light-heavyweight champion. It is a talent that goes beyond the ring. “He walks into a room and the air changes,” he says. Impressively, this is a quality captured by Aron Julius. Playing the Kirkby kid who became WBC light-heavyweight champion in 1974, he is muscular, light-footed and graceful. More than that, he sparkles. With a needling Liverpool wit, he is as cheeky as he is charming. Who wouldn’t want him to win? Continue reading...
yujie chen/iStock Editorial via Getty Images In early February, I downgraded Intel Corporation ( INTC ) from a Hold to a Sell rating. I stated that the stock was facing a reckoning as I found signs that the company's turnaround was, in fact, losing momentum. Furthermore, the sharp expansion in the valuation showed that a lot of optimism was getting priced in. As you probably know by now, Intel rep...
yujie chen/iStock Editorial via Getty Images In early February, I downgraded Intel Corporation ( INTC ) from a Hold to a Sell rating. I stated that the stock was facing a reckoning as I found signs that the company's turnaround was, in fact, losing momentum. Furthermore, the sharp expansion in the valuation showed that a lot of optimism was getting priced in. As you probably know by now, Intel reported their latest batch of earnings yesterday (April 23rd), and the stock rocketed in after-hours trading. The rating history chart below actually hasn't updated to reflect the extent of these gains, as Intel is now around 65% above levels when my previous update was published. Today, I will conduct a fresh analysis to see whether my pessimism was misplaced or whether the market is getting increasingly irrational. Seeking Alpha Below, it is shown that a turnaround is finally starting to gain traction. Revenue growth has bounced back into positive territory, all segments are seeing considerable improvement, and their margins are expanding significantly. Looking forward, guidance is impressive and shows that the recovery will continue. The prodigal son seems to be finally returning, but that may not necessarily mean the stock is a buy now. Currently, the biggest risk to stock outperformance would be the highly elevated valuation. With a successful turnaround already priced in, I would say that Intel has become only a hold at this point. Q1 Results Overview Intel Q1 Presentation Let's start with an overview of Intel's Q1 results before moving into a deeper dive into each of their segments. Firstly, for the top line, the chipmaker generated total revenues of $13.6 billion , up 7% YoY. While this isn't the strongest growth rate in the world, it does represent a significant improvement from the 4% decline that was seen just last quarter . This may show that an inflection point is in and that business activity is finally starting to rebound in a material manner. Another encouragi...
You had a plan. Once you were ready to apply for Social Security benefits, you'd claim on your ex's work record. They earned a lot more than you throughout their career, so you'd be entitled to a spousal benefit that's larger than your own retirement benefit. But then your ex remarried. Suddenly, you're not sure whether you're even allowed to claim on your ex's work record anymore. Fortunately, th...
You had a plan. Once you were ready to apply for Social Security benefits, you'd claim on your ex's work record. They earned a lot more than you throughout their career, so you'd be entitled to a spousal benefit that's larger than your own retirement benefit. But then your ex remarried. Suddenly, you're not sure whether you're even allowed to claim on your ex's work record anymore. Fortunately, the law is pretty clear. Image source: Getty Images. Continue reading
Brazil is taking action to increase the use of ethanol in gasoline in an effort to tame the impacts of rising fuel costs as the war in the Middle East drags on. The world’s second-largest producer of the biofuel is moving ahead with plans for a new 32% mandatory ethanol blending mandate in gasoline, according to a Mines and Energy ministry statement on Friday. That’s up from 30% currently, with ab...
Brazil is taking action to increase the use of ethanol in gasoline in an effort to tame the impacts of rising fuel costs as the war in the Middle East drags on. The world’s second-largest producer of the biofuel is moving ahead with plans for a new 32% mandatory ethanol blending mandate in gasoline, according to a Mines and Energy ministry statement on Friday. That’s up from 30% currently, with abundant biofuel supplies and low prices helping to ease fuel price pressure at Brazilian pumps. “This measure has the potential to reduce the need for gasoline imports by approximately 500 million liters per month,” the statement said. “With this measure, Brazil strengthens its energy sovereignty and moves toward self-sufficiency in gasoline, eliminating fuel imports.” The move is part of a series of measures that are meant to shield consumers from the economic fallout from the Middle East conflict, and comes as President Luiz Inacio Lula da Silva seeks reelection in about six months. Authorities on Thursday said the government will also ask Congress for authorization to use extraordinary revenue linked to oil to cut taxes on fuel such as gasoline, diesel, ethanol and biodiesel. That follows a series of levy reductions and subsidies for diesel, cooking gas and jet fuel, as well as credit lines for airlines struggling with higher costs. Brazil has long used ethanol as a lever in times of energy price shocks, with ethanol-only motors made since the late-1970s helping to reduce the nations need for gasoline imports. More recently, biofuels legislation under Lula set a goal of reaching a blend of as much as 35% in the near future, which would still depend on the outcome of technical tests. A final implementation of the new ethanol blend still depends on a greenlight from energy council CNPE, which is largely expected to follow the ministry’s recommendations.
Vera Tikhonova Ford ( F ) reportedly held talks with China’s Geely ( GELYF ) ( GELHY ) to extend a potential European joint venture to the U.S., but has walked away as a collaboration would be “politically fraught.” According to The Wall Street Journal, Ford ( F ) was in talks to license Geely’s ( GELYF ) ( GELHY ) technology in the U.S. as a way to capitalize on more advanced automobile technolog...
Vera Tikhonova Ford ( F ) reportedly held talks with China’s Geely ( GELYF ) ( GELHY ) to extend a potential European joint venture to the U.S., but has walked away as a collaboration would be “politically fraught.” According to The Wall Street Journal, Ford ( F ) was in talks to license Geely’s ( GELYF ) ( GELHY ) technology in the U.S. as a way to capitalize on more advanced automobile technology while sidestepping a U.S. ban on Chinese tech. While Geely ( GELYF ) ( GELHY ) supports any avenue into the U.S. market, Ford ( F ) remains outwardly opposed to any threats to the U.S. auto industry. Ford CEO Jim Farley has warned that while Chinese-made cars are cheaper, better built, and technologically superior, allowing Chinese automakers to sell cars in the U.S. would be “devastating” to the American auto industry. “Manufacturing is the heart and soul of our country, and for us to lose that to exports would be devastating,” Farley said as recently as this week. While talks to collaborate in the U.S. have stalled, Ford ( F ) and Geely ( GELYF ) ( GELHY ) continue to discuss possible joint ventures in Europe. More on Ford, Geely Automobile Holdings Limited, etc. Ford's Highly Touted BEV Czar Leaves, His Exit Won't Quickly Change Things Ford: Prepare For A Challenging Year Ahead (Rating Downgrade) Wall Street Breakfast Podcast: Ford's EV Shakeup Ford plans software fix on about 1.4M pickup trucks after gear shift concerns Pentagon held talks with GM, Ford on weapons production - report