Defense and space stocks are having a moment. Whether due to the upcoming initial public offering ( IPO ) of SpaceX or the growing need for defense supplies amid conflicts around the world, investors are buying defense stocks for their portfolios at a rapid pace. This is all fine and well, but the sun doesn't always shine on the defense/war contractors, especially in programs that are experimental...
Defense and space stocks are having a moment. Whether due to the upcoming initial public offering ( IPO ) of SpaceX or the growing need for defense supplies amid conflicts around the world, investors are buying defense stocks for their portfolios at a rapid pace. This is all fine and well, but the sun doesn't always shine on the defense/war contractors, especially in programs that are experimental and bound for revisions, such as the Golden Dome missile defense system. If you have money to invest and want a prime contractor in the defense industry with the backlog to get through any Trump-era volatility, then Lockheed Martin (NYSE: LMT) may be just for you. If you have $7,500 available to invest, here's why you might want to put it toward buying and holding this stock for the long term. Continue reading
The S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,041.28, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.36% to 24,102.70, keeping both in record territory. The Dow Jones Industrial Average (DJINDICES:^DJI) added 0.24% to 48,578.72 as solid earnings and cautious hopes for an end to the U.S.-Iran conflict reassured investors. Charles Schwab (NYSE:SCHW) dropped after reporting mixed Q1 results and mis...
The S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,041.28, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.36% to 24,102.70, keeping both in record territory. The Dow Jones Industrial Average (DJINDICES:^DJI) added 0.24% to 48,578.72 as solid earnings and cautious hopes for an end to the U.S.-Iran conflict reassured investors. Charles Schwab (NYSE:SCHW) dropped after reporting mixed Q1 results and missing analyst revenue expectations. Robinhood Markets (NASDAQ:HOOD) slipped on news that Schwab would launch spot crypto trading, sparking competition worries. Trading in major tech stocks was patchy today, with only Microsoft (NASDAQ:MSFT) making a notable move higher. Akamai Technologies (NASDAQ:AKAM) surged about 7%, erasing some of its losses from the past five days. Continue reading
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . The Weston family is increasing its hold over the land Canada’s grocery stores are built on. The family’s public real estate arm, Choice Properties, teamed up with private equity firm KingSett Capital to buy one of the country’s larges...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . The Weston family is increasing its hold over the land Canada’s grocery stores are built on. The family’s public real estate arm, Choice Properties, teamed up with private equity firm KingSett Capital to buy one of the country’s largest independent retail landlords, First Capital REIT. It’s a complex three-way transaction worth C$9.4 billion ($6.9 billion), including debt. Assuming the deal goes through, KingSett and Choice will split the assets, and the latter will come away with 101 grocery-anchored retail properties — further cementing its position as Canada’s largest publicly traded real estate company. Though more than half of the new properties are anchored by stores from the Westons’ Loblaw stable of brands, the rest are not, Choice CEO Rael Diamond said on an analyst call. So Choice’s overall exposure to tenants other than Loblaw will grow. Though brick-and-mortar retailers have begun something of a recovery in recent years, with rents and foot traffic starting to grow, the particular property niche the Westons operate in — called “necessity-based” retail — never really took much of a hit in the first place. Even as pandemic lockdowns were tipping mall owners and department stores into insolvency, grocery stores and pharmacies stayed open and continued to pay rent, providing healthy returns to landlords. The Westons, one of Canada’s wealthiest clans, spun off the real estate underneath their retail empire into Choice Properties more than a decade ago, essentially becoming their own landlords. With today’s deal, they’re becoming indirect landlords to a larger number of other retailers as well. In an interview, Diamond said tenant diversification will benefit the company. He also said he expects Canada’s competition regulator to approve the transaction. The Westons have been dinged by the Competiti...
The sudden swings in U.S. stock prices over the past two months may be making you a little dizzy. After last touching an all-time high in early February, the Vanguard S&P 500 ETF (NYSEMKT: VOO) went on to fall roughly 9% over the next two months, its biggest drawdown in about a year. Since then, the exchange-traded fund, which tracks the broad-market S&P 500 index, has climbed all the way back and...
The sudden swings in U.S. stock prices over the past two months may be making you a little dizzy. After last touching an all-time high in early February, the Vanguard S&P 500 ETF (NYSEMKT: VOO) went on to fall roughly 9% over the next two months, its biggest drawdown in about a year. Since then, the exchange-traded fund, which tracks the broad-market S&P 500 index, has climbed all the way back and begun to set new all-time highs again in just three weeks. This period, though, hasn't just been a roller coaster ride for investors. It has also featured events that meaningfully changed the trajectory of the U.S. economy. And not for the better. Continue reading
Stellantis and Microsoft have signed a five-year collaboration to co-develop more than 100 AI, cybersecurity, and engineering initiatives and to move much of Stellantis’ global digital infrastructure onto Microsoft Azure, including an AI-driven cyber defense center and extensive use of Microsoft 365 Copilot across its workforce. This broadening alliance places Microsoft deeper inside Stellantis’ v...
Stellantis and Microsoft have signed a five-year collaboration to co-develop more than 100 AI, cybersecurity, and engineering initiatives and to move much of Stellantis’ global digital infrastructure onto Microsoft Azure, including an AI-driven cyber defense center and extensive use of Microsoft 365 Copilot across its workforce. This broadening alliance places Microsoft deeper inside Stellantis’ vehicle, manufacturing, and IT stack, reinforcing Azure and Copilot as core platforms for...
Nvidia (NasdaqGS:NVDA) has released Ising, an open-source quantum AI platform focused on quantum processor calibration and error correction. IQM Quantum Computers is using Nvidia Ising for agentic calibration so quantum systems can self-optimize for production use. EeroQ and Conductor are running autonomous quantum lab operations on hardware with Nvidia models and the Ising platform. Nvidia is ext...
Nvidia (NasdaqGS:NVDA) has released Ising, an open-source quantum AI platform focused on quantum processor calibration and error correction. IQM Quantum Computers is using Nvidia Ising for agentic calibration so quantum systems can self-optimize for production use. EeroQ and Conductor are running autonomous quantum lab operations on hardware with Nvidia models and the Ising platform. Nvidia is extending its AI footprint into quantum computing with Ising, while its shares trade at about...
WaFd press release ( WAFD ): Q2 GAAP EPS of $0.82 beats by $0.07 . Revenue of $197.3M (+9.7% Y/Y) beats by $6.83M . More on WaFd WaFd: 7.3% Yielding Preferred Share Good For Income Investors WaFd Looks Cheap For A Reason, And That's Why I'm Interested Seeking Alpha’s Quant Rating on WaFd Historical earnings data for WaFd Dividend scorecard for WaFd
WaFd press release ( WAFD ): Q2 GAAP EPS of $0.82 beats by $0.07 . Revenue of $197.3M (+9.7% Y/Y) beats by $6.83M . More on WaFd WaFd: 7.3% Yielding Preferred Share Good For Income Investors WaFd Looks Cheap For A Reason, And That's Why I'm Interested Seeking Alpha’s Quant Rating on WaFd Historical earnings data for WaFd Dividend scorecard for WaFd
Lockheed Martin ( LMT ) on Thursday provided more details about a contract valued at up to $105 million by the U.S. Space Force to continue work on the Global Positioning System’s ground control infrastructure. The award is part of an ongoing effort to modernize the network that supports positioning, navigation and timing services worldwide. The agreement extends more than a decade of work tied to...
Lockheed Martin ( LMT ) on Thursday provided more details about a contract valued at up to $105 million by the U.S. Space Force to continue work on the Global Positioning System’s ground control infrastructure. The award is part of an ongoing effort to modernize the network that supports positioning, navigation and timing services worldwide. The agreement extends more than a decade of work tied to the Space Force’s Architecture Evolution Plan, under which Lockheed ( LMT ) has been updating the GPS ground segment that manages satellites and delivers signals to military and civilian users. The latest contract includes support for launch, early orbit operations and eventual disposal of upcoming GPS IIIF satellites, along with broader system upgrades. For investors, the award underscores the steady, long-duration nature of U.S. defense space spending, where incremental modernization contracts can provide predictable revenue streams for prime contractors. It also highlights Lockheed’s ( LMT ) entrenched position in GPS infrastructure, a critical system with high switching costs that can support recurring work tied to upgrades, sustainment and next-generation satellite deployments. The GPS ground segment plays a central role in ensuring that signals from orbiting satellites remain accurate and resilient, particularly for military operations that depend on secure and jam-resistant navigation. Lockheed said the work will focus in part on improving system resilience as new satellites with enhanced capabilities are introduced. The company has completed production of its GPS III satellites and is now manufacturing the next-generation GPS IIIF series at its Denver facility. These satellites are designed to deliver stronger anti-jamming signals and improved accuracy compared with earlier generations. Under the new contract, Lockheed ( LMT ) will help integrate those satellites into the broader GPS enterprise, including enabling the deployment of M-Code, an encrypted military sig...
(RTTNews) - Streaming giant Netflix Inc. (NFLX) on Thursday reported first-quarter results, with profit rising from a year earlier, driven by double-digit revenue growth and a hefty termination fee tied to the Warner Bros. Deal.
(RTTNews) - Streaming giant Netflix Inc. (NFLX) on Thursday reported first-quarter results, with profit rising from a year earlier, driven by double-digit revenue growth and a hefty termination fee tied to the Warner Bros. Deal.
Dr. Bea Bakshi, CEO & Co-Founder of C the Signs joins Bloomberg Businessweek to discuss the future of cancer detection and how AI is part of the solution even in the early stages. (Source: Bloomberg)
Dr. Bea Bakshi, CEO & Co-Founder of C the Signs joins Bloomberg Businessweek to discuss the future of cancer detection and how AI is part of the solution even in the early stages. (Source: Bloomberg)
Premier American Uranium ( PUR:CA ) ( OTCQB: PAUIF ) on Thursday said that Greg Duras has stepped down as Chief Financial Officer, effective immediately. The company has appointed Soo-Whan Kim, currently corporate controller, as interim CFO, where he will continue to oversee financial reporting and accounting functions. Premier American Uranium said the transition is aimed at ensuring continuity a...
Premier American Uranium ( PUR:CA ) ( OTCQB: PAUIF ) on Thursday said that Greg Duras has stepped down as Chief Financial Officer, effective immediately. The company has appointed Soo-Whan Kim, currently corporate controller, as interim CFO, where he will continue to oversee financial reporting and accounting functions. Premier American Uranium said the transition is aimed at ensuring continuity as it advances its strategic initiatives. Source: Press Release More on Premier American Uranium Inc. Historical earnings data for Premier American Uranium Inc. Financial information for Premier American Uranium Inc.