JasonDoiy/iStock Unreleased via Getty Images I'm keeping Hitachi, Ltd. ( HTHIY ) ( HTHIF ) as a "Buy"-rated name. The latest news flow confirms that its financial prospects remain promising. My prior April 3, 2025, article touched on how HTHIY will thrive on sustainability- and technology-related advancements. Nuclear Deals Are A Catalyst The firm aims to expand the top line for "Hitachi Energy Se...
JasonDoiy/iStock Unreleased via Getty Images I'm keeping Hitachi, Ltd. ( HTHIY ) ( HTHIF ) as a "Buy"-rated name. The latest news flow confirms that its financial prospects remain promising. My prior April 3, 2025, article touched on how HTHIY will thrive on sustainability- and technology-related advancements. Nuclear Deals Are A Catalyst The firm aims to expand the top line for "Hitachi Energy Segment/HES" by a mid-teens CAGR between FY24 (YE Mar 2025) and FY30 to $33 billion. Analysts' projection of HTHIY's group-level annualized increase during the same timeframe is a more modest +8% (source: S&P Capital IQ). The above-mentioned numbers send me a clear message about HES's critical role in boosting the company's future turnover. Last month, SA News highlighted a "nuclear power project in Tennessee, where GE Vernova ( GEV ) and Hitachi will build BWRX-300 small modular reactors (SMRs)." HES is currently too reliant on the Power Grids sub-segment, which contributes over nine-tenths of its operating profit. Looking ahead, it could move towards a more balanced business mix with this massive U.S. nuclear venture. As per the recent media report, the Tennessee asset's CAPEX alone is estimated at $40 billion, or more than HES's targeted decade-end revenues. Lifecycles Of Various Power Categories Investor Slides Also, I like the fact that HTHIY has chosen SMRs over "Large Nuclear Reactors/LNRs." The former's shorter buildout period as outlined above should imply faster payback. GEV also revealed "a memorandum of understanding with Hitachi to explore opportunities to deploy the BWRX-300 small modular reactor in Southeast Asia/ASEAN" in March. My take is that HES's focus on this geographical region is wise. ASEAN represents "a quarter of growth in global energy demand by 2035" based on a March 26, 2026, "Associated Press" piece . This write-up also indicated that 5 of the countries in this bloc have announced atomic-linked roadmaps. In my opinion, the future performance of H...
Polymarket is seeking an additional $400 million in funding, according to people familiar with the negotiations, after securing $600 million at a $15 billion valuation last month. The new deal brings the prediction market startup’s value up from $9 billion last year, when Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, took a $1 billion stake in Polymarket in a b...
Polymarket is seeking an additional $400 million in funding, according to people familiar with the negotiations, after securing $600 million at a $15 billion valuation last month. The new deal brings the prediction market startup’s value up from $9 billion last year, when Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, took a $1 billion stake in Polymarket in a blockbuster deal. Polymarket, though, is now worth less than the $22 billion valuation that its main rival, Kalshi Inc., fetched in a recent $1 billion fundraising round. Prediction market exchanges are attracting booming trading volume on financial contracts tied to the outcome of sports games, elections and many other events. Read More: Kalshi Gets $1 Billion in New $22 Billion Funding Round (1) The latest money from ICE came after the exchange group announced last year that it planned to invest up to $2 billion into Polymarket. ICE now has a stake of roughly $1.6 billion, and said last month that it has “completed its obligations” under the plan. Polymarket is considering whether to raise the additional $400 million from new investors at the $15 billion valuation, which includes the new money, or wait until it can attract a higher valuation, said one of the people, who asked not to be named discussing private conversations. Polymarket and ICE declined to comment. State gaming regulators have said that prediction markets should be governed by state gambling regulations and have sought to shut them down in court. The Commodity Futures Trading Commission, though, has fought states and said that the exchanges come under the agency’s federal oversight and can operate nationwide. Read More: Criminal Charges Amp Up Growing State Resistance to Kalshi Polymarket is testing out a new US app, but its main business is an international exchange that is not open to US customers. In March, notional trading volume on Polymarket reached $10.6 billion, or six times what it was just six mon...
aprott/iStock via Getty Images Rare earth stocks were one of the hottest themes of 2025. These critical minerals are essential for all sorts of specialized electronics and defense functions, making them key interests for the world's leading economies. And, in the United States, its domestic rare earths supply chain fell far behind that of economic rival China. This cast a spotlight on the sector, ...
aprott/iStock via Getty Images Rare earth stocks were one of the hottest themes of 2025. These critical minerals are essential for all sorts of specialized electronics and defense functions, making them key interests for the world's leading economies. And, in the United States, its domestic rare earths supply chain fell far behind that of economic rival China. This cast a spotlight on the sector, as the U.S. government greenlit investments and policies to help jumpstart the sector. MP Materials ( MP ) has been one of the biggest beneficiaries of these developments. I last covered MP Materials this past October. With MP stock up at $98 per share, I said that it was time to sell the trade war rally . Specifically, rare earth stocks had skyrocketed on concerns around a potential imminent pause in the Chinese rare earth exports. Traders extrapolated from that a potential scenario where rare earth pricing went skyward amid a prolonged shortage. However, as has often happened with tariff-related matters over the past year, the situation eventually deescalated , and China didn't ultimately keep the most stringent rare earth export restrictions in place for long. The frenetic rally in rare earth stocks, including MP, quickly reversed course: Data by YCharts However, while MP stock is trading well beneath the October 2025 peak, it's worth highlighting that the share price has stabilized around $60/share. That's far above where the company's stock was trading prior to the announcement of its game-changing deal with the U.S. government last summer. I think this speaks to the importance of that deal. In my view, the U.S. government's involvement entirely changed the investment proposition around MP Materials. It's no longer a boom/bust mining company that lives or dies by the latest tick in the price of various metals. Now, MP has a structured sales arrangement with the U.S. government and much more predictability for its profits and cash flow generation going forward. Q4 Earni...
⚽️ Premier League updates from the 8pm BST kick-off ⚽️ Latest table | Premier League review | Email Michael What was a bad weekend for Tottenham Hotspur could get a whole lot worse at Selhurst Park. Spurs could and probably should have beaten Brighton to leapfrog West Ham in the relegation but a late, late equaliser for the south-coast side – compounded by wins for Leeds and Nottingham Forest – ha...
⚽️ Premier League updates from the 8pm BST kick-off ⚽️ Latest table | Premier League review | Email Michael What was a bad weekend for Tottenham Hotspur could get a whole lot worse at Selhurst Park. Spurs could and probably should have beaten Brighton to leapfrog West Ham in the relegation but a late, late equaliser for the south-coast side – compounded by wins for Leeds and Nottingham Forest – have left Tottenham staring down the barrel with just four games to go. West Ham – with a game in hand – will stay 17th with a victory this evening but would put themselves four points clear of Spurs in 18th, an important margin given the east Londoners’ inferior goal difference. The Hammers are on something of a tear recently, revitalised under Nuno Espírito Santo, and since 17 January have the fifth best points tally in the Premier League. That they are still in the mire shows how far they had previously fallen. Continue reading...
Many software stocks have been struggling this year due to growing concerns that artificial intelligence (AI) will take over many jobs, put people out of work, and reduce demand for software. One stock that's been doing particularly poorly this year is Microsoft (NASDAQ: MSFT) , which, entering the week, was down 13% -- and that's with it rallying in recent weeks. The doom and gloom around softwar...
Many software stocks have been struggling this year due to growing concerns that artificial intelligence (AI) will take over many jobs, put people out of work, and reduce demand for software. One stock that's been doing particularly poorly this year is Microsoft (NASDAQ: MSFT) , which, entering the week, was down 13% -- and that's with it rallying in recent weeks. The doom and gloom around software may be overblown, according to one Microsoft executive, who doesn't believe that it'll cause a significant decline in revenue. In fact, it may even lead to growth opportunities. Image source: Getty Images. Continue reading
When it comes to the most forward-thinking companies this century, Netflix (NASDAQ: NFLX) is toward the top of the list. It launched its streaming service in the U.S. in 2007. And less than two decades later, it has grown into a market cap of $411 billion. It's no surprise that the streaming stock has been a big winner, rising over 23,000% in 20 years (as of April 17). This high-quality business s...
When it comes to the most forward-thinking companies this century, Netflix (NASDAQ: NFLX) is toward the top of the list. It launched its streaming service in the U.S. in 2007. And less than two decades later, it has grown into a market cap of $411 billion. It's no surprise that the streaming stock has been a big winner, rising over 23,000% in 20 years (as of April 17). This high-quality business should at least be on every investor's watch list, mainly because of the economic moat it has built. Here's what you need to know about Netflix's durable competitive advantage. Image source: The Motley Fool. Continue reading
Caesars Entertainment Inc. has extended the period of exclusive talks about an $18 billion takeover by Tilman Fertitta as new details about the deal emerge. Fertitta, the owner of the Golden Nugget casino chain, has been in talks to purchase Caesars for about $32 a share, according to people familiar with the discussions. There’s no certainty that a deal will be reached, but the parties are close....
Caesars Entertainment Inc. has extended the period of exclusive talks about an $18 billion takeover by Tilman Fertitta as new details about the deal emerge. Fertitta, the owner of the Golden Nugget casino chain, has been in talks to purchase Caesars for about $32 a share, according to people familiar with the discussions. There’s no certainty that a deal will be reached, but the parties are close. Fertitta’s plan is to combine his Landry’s restaurants and Golden Nugget properties with Caesars, creating an even larger casino giant. The financing would include $2 billion to $3 billion in equity and $4 billion to $5 billion in new borrowing against the assets, the people said, asking not to be identified discussing information that’s not public. Fertitta would also assume more than $11 billion in existing Caesars debt. The Carano family, some of whose members sit on Caesars’ board or in the executive suite, and Chief Executive Officer Tom Reeg may have an ongoing role, although no details have been finalized, the people said. Caesars owns or manages some 52 casinos in the US and Golden Nugget owns eight. Fertitta may have to sell some properties to address regulatory concerns about market share in some locations. Other Fertitta assets such as his hotels, office building and the Houston Rockets basketball team would remain separate from the deal. The negotiating window has been pushed back due to the death of Fertitta’s father, who passed away on April 9, the CTFN news outlet reported on Monday. Caesars shares were up 2.7% to $27.95 as of 1:22 p.m. in New York.
Hi, it’s David Carnevali here with a run down on the latest acquisition from serial dealmaker Brad Jacobs—a $17 billion union between his new company, QXO and TopBuild. Also today, we report Pernod Ricard’s preference in its acquisition partner. Today’s top stories QXO to buy TopBuild in $17 billion building products deal. Jersey Mike’s submits confidential IPO filing. Lilly to buy cancer biotech ...
Hi, it’s David Carnevali here with a run down on the latest acquisition from serial dealmaker Brad Jacobs—a $17 billion union between his new company, QXO and TopBuild. Also today, we report Pernod Ricard’s preference in its acquisition partner. Today’s top stories QXO to buy TopBuild in $17 billion building products deal. Jersey Mike’s submits confidential IPO filing. Lilly to buy cancer biotech Kelonia for up to $7 billion . Honeywell to sell productivity business in $1.4 billion deal. Revolut CEO says digital bank’s IPO is two years out . Industrial action If creating an industrials empire from scratch is your mission, QXO CEO Brad Jacobs might have a tip or two. The serial dealmaker announced his intention to become a consolidator in the building-products distribution market in late 2023 with a new vehicle called QXO. Jacobs, who had a record of similar plays in other fragmented sectors such as transportation and logistics, quickly steered QXO through a string of capital raises and acquisitions that culminated over the weekend in a $17 billion purchase of TopBuild—an installer and specialty distribution company. The purchase will catapult QXO to the No. 2 spot among roofing companies in the US. It will also move Jacobs one step closer to his target of building QXO into a platform with $50 billion in revenue. “The TopBuild transaction will also give us critical mass in the insulation sector and expand our exposure to large, complex projects like data centers, where scale matters,” Jacobs said in the statement announcing the deal. This is the third and largest deal for QXO, following its takeovers of Beacon Roofing Supply for about $11 billion in 2025 and closely held Kodiak for roughly $2.25 billion this year. A war chest accumulated by raising money from investors including Apollo and Temasek has helped fund the buying spree. A rampant share price has also played its part. QXO’s shares have risen more than 80% over the last 12 months, allowing Jacobs to throw so...
Nico De Pasquale Photography/DigitalVision via Getty Images Shares of Bank of Hawaii Corporation ( BOH ) have been a solid performer over the past year, gaining about 24%. While the company just reported a Q1 earnings miss , investors largely shook that off, with the stock trading close to flat as adjusted earnings were more in line with expectations. The bank is enjoying meaningful tailwinds from...
Nico De Pasquale Photography/DigitalVision via Getty Images Shares of Bank of Hawaii Corporation ( BOH ) have been a solid performer over the past year, gaining about 24%. While the company just reported a Q1 earnings miss , investors largely shook that off, with the stock trading close to flat as adjusted earnings were more in line with expectations. The bank is enjoying meaningful tailwinds from fixed reinvestment, and this can power earnings growth for some time. While shares are a bit expensive, this premium is justified. Seeking Alpha In the company’s first quarter , Bank of Hawaii earned $1.30, which missed expectations by $0.02 even as revenue grew 13% to $192 million. Results were weighed down by $1.3 million of investment securities losses; otherwise, the quarter was in line with expectations (these losses are generally excluded from analyst consensus). While not the fastest-growing bank, BOH has a very conservative capital structure and long-running margin tailwinds that were both made clear in the quarter. Looking first at its balance sheet , deposits were $21 billion, down 1% sequentially, given seasonal drawdowns after the typical late Q4 build. Average deposits were up about 1% from last year. During the quarter, its cost of interest-bearing deposits declined by 22 bps, a strong pull-through of Q4 rate cuts, to 1.72%. Over the past year, it has cut deposit rates by about 44 bps. About 27% of BOH’s balances are non-interest-bearing (“NIB”). At $5.65 billion, these were up about 1.5% from last year. The Hawaiian deposit market is a bit of an oligopoly, dominated by five players with a small presence from the national banks. Because of this, deposit pricing tends to be relatively low, enabling stronger pass-through of Fed rate cuts onto borrowers. Within this market, BOH has the leading market share. Given its already leading position, I expect long-term deposit growth to be fairly muted (closer to 2% than 4%). Bank of Hawaii On the asset side, it has $14...
NASA may not have new lunar spacesuits ready by the time the agency hopes to land humans back on the moon in 2028, according to a new US government audit. The agency’s Office of Inspector General warned in a report released Monday that suits being developed by Houston-based Axiom Space Inc. may not be ready until 2031 if the company experiences delays typical of past spacesuit development. The rep...
NASA may not have new lunar spacesuits ready by the time the agency hopes to land humans back on the moon in 2028, according to a new US government audit. The agency’s Office of Inspector General warned in a report released Monday that suits being developed by Houston-based Axiom Space Inc. may not be ready until 2031 if the company experiences delays typical of past spacesuit development. The report indicated that based on historical comparisons spacesuits can take nearly nine years to develop, from the time contracts are signed to the time they are ready for in-space demonstrations. NASA awarded Axiom Space a contract in 2022 to develop spacesuits for the agency’s Artemis program, which aims to send humans back to the moon. The following year, Axiom announced a partnership with Italian fashion company Prada SpA to produce the spacesuits. Axiom didn’t immediately respond to a request for comment.
Elon Musk snubbed a summons by French prosecutors investigating how AI chatbot Grok was allowed to spew out sexually explicit deepfakes and Holocaust-denying content, according to Agence France-Presse. Paris officials told AFP in an email that they had “taken note” of the absence of the people they had called to testify as part of their investigation on Monday. Musk’s social media platform X and P...
Elon Musk snubbed a summons by French prosecutors investigating how AI chatbot Grok was allowed to spew out sexually explicit deepfakes and Holocaust-denying content, according to Agence France-Presse. Paris officials told AFP in an email that they had “taken note” of the absence of the people they had called to testify as part of their investigation on Monday. Musk’s social media platform X and Paris prosecutors didn’t respond to multiple requests for comment. The world’s richest man has struck a defiant stance ever since Paris prosecutors requested access in July 2025 to X’s recommendation engine and data on user posts. X responded at the time by saying it wouldn’t comply and claimed in a social media post that the investigation was “distorting French law in order to serve a political agenda.” While the Paris case began examining potential bias and manipulation of X’s algorithm and suspicions it might be used for foreign interference, it was expanded following outrage across the world at Grok creating sexualized images of people — including minors — without their consent. The widening of the case was announced in February as the French offices of X were searched by police. On Monday, Paris prosecutors said they would continue their investigation in spite of Musk’s no-show.
Abu Hanifah Shares of AnaptysBio ( ANAB ) climbed on Monday after completing the spinoff of its biopharma business, First Tracks Biotherapeutics ( TRAXV ), which is concurrently making its Nasdaq debut under the ticker symbol “TRAX.” Following the transaction, Anaptys ( ANAB ) will become a royalty management company focused on its financial collaborations for cancer therapy Jemperli, developed wi...
Abu Hanifah Shares of AnaptysBio ( ANAB ) climbed on Monday after completing the spinoff of its biopharma business, First Tracks Biotherapeutics ( TRAXV ), which is concurrently making its Nasdaq debut under the ticker symbol “TRAX.” Following the transaction, Anaptys ( ANAB ) will become a royalty management company focused on its financial collaborations for cancer therapy Jemperli, developed with GSK ( GSK ), and skin disorder therapy imsidolimab, developed with Vanda ( VNDA ). “We are now exclusively managing royalties from our out-licensed assets, Jemperli and imsidolimab, with streamlined operations requiring limited FTEs, minimal operating expenses, and providing a greater than 95% EBIT margin,” CEO Daniel Faga remarked. Under the spinoff first announced in September, Anaptys (ANAN) shareholders received one share of First Tracks Bio (TRAX) common stock for each share of Anaptys ( ANAB ) common stock they held as of April 6. More on AnaptysBio, First Tracks Biotherapeutics, Inc. AnaptysBio: Upside Constrained By Undifferentiated Data, Legal Uncertainties AnaptysBio, Inc. (ANAB) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Anaptys to spin-off First Tracks Biotherapeutics, announces $100M buyback AnaptysBio GAAP EPS of $1.58 beats by $0.71, revenue of $108.25M beats by $21.16M Seeking Alpha’s Quant Rating on AnaptysBio
May arabica coffee (KCK26 ) today is up +2.70 (+0.93%), and May ICE robusta coffee (RMK26 ) is up +100 (+2.95%). Coffee prices are moving higher today after Iran said on Saturday that the Strait of Hormuz was closed to shipping following the US refusal to lift a naval blockade...
May arabica coffee (KCK26 ) today is up +2.70 (+0.93%), and May ICE robusta coffee (RMK26 ) is up +100 (+2.95%). Coffee prices are moving higher today after Iran said on Saturday that the Strait of Hormuz was closed to shipping following the US refusal to lift a naval blockade...