TRAVELARIUM/iStock Editorial via Getty Images Investment Thesis Almost two years ago, I said that Microsoft Corporation ( MSFT ) has all the tools it needs to become the undisputed winner among its public cloud provider peers. It has an established enterprise software platform with unparalleled reach, enabling it to quickly roll out its AI offerings through popular products such as GitHub, Microso...
TRAVELARIUM/iStock Editorial via Getty Images Investment Thesis Almost two years ago, I said that Microsoft Corporation ( MSFT ) has all the tools it needs to become the undisputed winner among its public cloud provider peers. It has an established enterprise software platform with unparalleled reach, enabling it to quickly roll out its AI offerings through popular products such as GitHub, Microsoft 365, Dynamics 365, and others. This proved partly right. AI has driven growth across MSFT's ecosystem. One example is Commercial Microsoft 365 revenue, which has grown strongly in recent quarters. MSFT But the AI industry has changed since then, and the business's capital-intensive nature has created a new competitive frontier: in-house chip technology and design. Microsoft isn't the clear winner here. That's not a bearish thesis, but it does change the perspective on the market position. Then comes another important consideration: product design, discussed in more detail in the "Risk Section." Circling back to the relative profitability issue, a few years ago, Microsoft was the most profitable operator in terms of Return on Invested Capital "ROIC" among the three top public cloud providers. In recent quarters, it was beaten by Alphabet ( GOOGL ), which leveraged its foundational models to enhance the effectiveness of its advertising platform, enhancing KPIs. The operational leverage I forecasted for MSFT appears stronger in Alphabet. Data by YCharts Wall Street analysts (and I) remain bullish on Microsoft, expecting revenue to almost double by 2030 compared to TTM sales, reaching $606 billion. That's a CAGR of about 17.5% annually (assuming a 4-year period). It's a reasonable medium-term forecast, in my view, given today's signals. Last quarter, the company said that its total Remaining Performance Obligations "RPOs," a portion of future revenue that is currently contracted, reached $633 billion ( p.22 ) - 30% of which is expected to be recognized over the next 12 month...
PureCycle Technologies ( PCT ) has launched concurrent offerings totaling $395M, consisting of $250M in convertible senior notes due 2032 and $145M in common stock. The company is offering underwriters a 30-day option to purchase up to $37.5M additional notes and $18.75M additional common stock to cover over-allotments. If fully exercised, the offerings could raise up to $451.25M in gross proceeds...
PureCycle Technologies ( PCT ) has launched concurrent offerings totaling $395M, consisting of $250M in convertible senior notes due 2032 and $145M in common stock. The company is offering underwriters a 30-day option to purchase up to $37.5M additional notes and $18.75M additional common stock to cover over-allotments. If fully exercised, the offerings could raise up to $451.25M in gross proceeds. The 2032 notes will be general unsecured obligations of PureCycle and will pay semiannual interest. A primary use of proceeds is the cash repurchase of a portion of PureCycle's outstanding 7.25% Green Convertible Notes due 2030. The company may also repurchase additional 2030 Green Convertible Notes over time. Remaining proceeds will be used for working capital and general corporate purposes. PCT shares down 9% post-market. More on PureCycle Technologies PureCycle Technologies: Until Ironton Scales, I'm Waiting PureCycle Technologies: Scale-Up Risk Still Outweighs The Growth Case PureCycle Technologies, Inc. (PCT) Q1 2026 Earnings Call Transcript PureCycle outlines 25M-50M lb New Jersey demand catalyst as Thailand targets a $250M build PureCycle Technologies Q1 2026 Earnings Preview
SpaceX (NASDAQ: SPCX) , the aerospace and AI company founded by Elon Musk, will go public on June 12. It's set the IPO price at $135 per share and aims to raise $75 billion, valuing the company at about $1.77 trillion and making it the biggest IPO in history. The IPO is already more than four times oversubscribed, suggesting it will start trading at an even higher price. So what could a $10,000 in...
SpaceX (NASDAQ: SPCX) , the aerospace and AI company founded by Elon Musk, will go public on June 12. It's set the IPO price at $135 per share and aims to raise $75 billion, valuing the company at about $1.77 trillion and making it the biggest IPO in history. The IPO is already more than four times oversubscribed, suggesting it will start trading at an even higher price. So what could a $10,000 investment in SpaceX's IPO be worth in a year? Image source: Getty Images. Continue reading
Anterix press release ( ATEX ): Q4 GAAP EPS of $0.98 misses by $0.39 . Spectrum revenue of $1.96M (+41.0% Y/Y) beats by $0.39M . FY 2026 GAAP EPS of $4.83. Spectrum revenue of $6.5M At March 31, 2026, the Company had no debt and cash and cash equivalents of $98.5 million. In addition, the Company had a restricted cash balance of $6.1 million in escrow deposits. More on Anterix Anterix Inc. (ATEX) ...
Anterix press release ( ATEX ): Q4 GAAP EPS of $0.98 misses by $0.39 . Spectrum revenue of $1.96M (+41.0% Y/Y) beats by $0.39M . FY 2026 GAAP EPS of $4.83. Spectrum revenue of $6.5M At March 31, 2026, the Company had no debt and cash and cash equivalents of $98.5 million. In addition, the Company had a restricted cash balance of $6.1 million in escrow deposits. More on Anterix Anterix Inc. (ATEX) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Anterix: America's Spectrum Monopoly: The $7 Billion Asset At 89% Discount Anterix Inc. (ATEX) Discusses FCC 900 MHz Spectrum Expansion and Its Impact on Broadband Connectivity Transcript Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag Small-Cap communication services stocks ranked by quant ratings after earnings season
ZOOZ Strategy ( ZOOZ ) on Wednesday said it is evaluating strategic alternatives alongside its bitcoin treasury strategy. The company said the review could include acquisitions, business combinations, strategic investments, partnerships, and other corporate initiatives, while stressing it remains committed to bitcoin as a long-term store of value. ZOOZ adopted its bitcoin treasury strategy in July...
ZOOZ Strategy ( ZOOZ ) on Wednesday said it is evaluating strategic alternatives alongside its bitcoin treasury strategy. The company said the review could include acquisitions, business combinations, strategic investments, partnerships, and other corporate initiatives, while stressing it remains committed to bitcoin as a long-term store of value. ZOOZ adopted its bitcoin treasury strategy in July 2025, when bitcoin was trading above $100,000. BTC-USD recently is around $61,846.73. Shares were volatile in after-hours trading and were last down about 2%, after rising as much as 8% following the announcement. Stock has lost more than 70% of its value over the past year. More on ZOOZ Strategy Ltd. ZOOZ to implement 1-for-20 reverse share split Seeking Alpha’s Quant Rating on ZOOZ Strategy Ltd. Historical earnings data for ZOOZ Strategy Ltd. Financial information for ZOOZ Strategy Ltd.
Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, March 25, 2025. Saul Loeb | AFP | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one legacy pain point for individuals who contact it — long phone wa...
Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, March 25, 2025. Saul Loeb | AFP | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one legacy pain point for individuals who contact it — long phone wait times for the toll-free helpline. SSA has brought the average "speed of answer," or the time it takes for an agent to answer an incoming call, to the "lowest level in a decade," Bisignano said in written testimony to the House Ways and Means Social Security and Work & Welfare subcommittee hearing. In May, the average speed of answer was under five minutes, according to Bisignano's testimony, an 89% reduction from an all-time high of 42 minutes in fiscal year 2024. "We now answer 90% of calls to our 800 number, and have reduced average wait time to five minutes, a 75% improvement," Bisignano said on Wednesday. Read more CNBC personal finance coverage Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says Retirees fear running out of money. Many are spending too little instead Social Security retirement trust fund may be depleted in 2032: Trustees report College sticker prices top $100,000 at 16 schools — but many students pay less CNBC's Financial Advisor 100: Best financial advisors, top firms ranked The Social Security Administration will have more than 800 million customer interactions this year, as a result of its record-breaking performance, according to Bisignano. The agency currently serves more than 300 million Americans, Bisignano said. It currently issues Social Security benefits to around 71 million individuals and provides other services, such as issuing Social Security cards. Lawmaker concerns over wait times persist Bisignano's testimony comes more than one year after he was sworn in to lead the Social Security Administration in May ...
Managed care firm Humana ( HUM ) on Wednesday said it has signed an agreement to divest its minority interest in home health, palliative, and hospice care provider Gentiva. The agreement values Humana’s minority interest stake at about $900 million, the company said . However, other financial terms were not disclosed. Humana said it intends to utilize proceeds from the sale for general corporate p...
Managed care firm Humana ( HUM ) on Wednesday said it has signed an agreement to divest its minority interest in home health, palliative, and hospice care provider Gentiva. The agreement values Humana’s minority interest stake at about $900 million, the company said . However, other financial terms were not disclosed. Humana said it intends to utilize proceeds from the sale for general corporate purposes. The transaction is expected to close in the third quarter of this year, and the company does not anticipate a material impact to 2026 earnings from this pending transaction. Humana’s ownership interest in Gentiva resulted from its earlier acquisition of the remaining interest in Kindred at Home in 2021. In 2022, Humana announced an agreement to divest a majority interest in the Hospice and Personal Care divisions of Kindred at Home subsidiary to private investment firm Clayton, Dubilier & Rice. These divisions were then subsequently restructured into a standalone business and rebranded to Gentiva. More on Humana Humana: Perhaps The 'Buy The Dip' Thesis Was Right All Along (Rating Upgrade) Humana Inc. (HUM) Q1 2026 Earnings Call Transcript Humana Is Still A Hold Despite The Medicare Advantage Rate Boost Market momentum: The S&P 500 stocks that crushed it and crashed this week It’s not just UnitedHealth, its Medicare peers are also rallying