The looming oil crisis caused by the Iran war gives the Conservative leader a platform from which to jump to the wrong conclusions Losing sleep over the war in Iran? Worried sick about the cost of living? Can’t pay your energy bills? Then relax. Because Kemi Badenoch has a displacement activity for you. It’s becoming increasingly easier to understand the Conservative leader by viewing her as a hyp...
The looming oil crisis caused by the Iran war gives the Conservative leader a platform from which to jump to the wrong conclusions Losing sleep over the war in Iran? Worried sick about the cost of living? Can’t pay your energy bills? Then relax. Because Kemi Badenoch has a displacement activity for you. It’s becoming increasingly easier to understand the Conservative leader by viewing her as a hyperactive five-year old at the back of the class who is constantly disruptive. Who can’t get through a lesson without some kind of attention-seeking behaviour. Who has a constant desire to be indulged even though her first reactions are invariably wrong. Who flies into a temper tantrum when anyone dares to challenge her. Continue reading...
Morgan Stanley ’s E*Trade unit is in talks with SpaceX to lead the sale of IPO shares to small investors, potentially being favored over rival brokerage platforms from Robinhood Markets Inc. and SoFi Technologies Inc. , Reuters reported, citing two people familiar with the matter. SpaceX is considering cutting Robinhood and SoFi out altogether despite the two firms pitching for roles on the initia...
Morgan Stanley ’s E*Trade unit is in talks with SpaceX to lead the sale of IPO shares to small investors, potentially being favored over rival brokerage platforms from Robinhood Markets Inc. and SoFi Technologies Inc. , Reuters reported, citing two people familiar with the matter. SpaceX is considering cutting Robinhood and SoFi out altogether despite the two firms pitching for roles on the initial public offering, Reuters said. The rocket and satellite company would instead rely on Morgan Stanley to route shares set aside for retail investors through E*Trade, Reuters said. SpaceX could allocate as much as 30% of the offering to retail investors, Bloomberg News has reported, helping to boost demand for what is widely expected to be the largest IPO of all time. Read More: SpaceX Plans April Investor Briefings as IPO Questions Swirl Fidelity is also vying for a chance to distribute some of the shares on its trading platform, Reuters said, citing one of the unnamed people. Representatives for SpaceX, Morgan Stanley, E*Trade, Fidelity, Robinhood and SoFi didn’t immediately respond to Bloomberg’s requests for comment. SpaceX is set to file confidentially as soon as this month for an initial public offering that could raise as much as $75 billion, Bloomberg News has reported. Billionaire Elon Musk ’s company is telling prospective IPO investors to expect briefings in April from company executives, people familiar with the matter have said. Morgan Stanley is among the group of Wall Street giants being positioned to lead work on the IPO. The roster also includes Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co., people with knowledge of the details have said.
Last year, just before the Fourth of July holiday, the US Space Force officially took ownership of a new operating system for the GPS navigation network, raising hopes that one of the military's most troubled space programs might finally bear fruit. The GPS Next-Generation Operational Control System, or OCX, is designed for command and control of the military's constellation of more than 30 GPS sa...
Last year, just before the Fourth of July holiday, the US Space Force officially took ownership of a new operating system for the GPS navigation network, raising hopes that one of the military's most troubled space programs might finally bear fruit. The GPS Next-Generation Operational Control System, or OCX, is designed for command and control of the military's constellation of more than 30 GPS satellites. It consists of software to handle new signals and jam-resistant capabilities of the latest generation of GPS satellites, GPS III, which started launching in 2018. The ground segment also includes two master control stations and upgrades to ground monitoring stations around the world, among other hardware elements. RTX Corporation, formerly known as Raytheon, won a Pentagon contract in 2010 to develop and deliver the control system. The program was supposed to be complete in 2016 at a cost of $3.7 billion. Today, the official cost for the ground system for the GPS III satellites stands at $7.6 billion. RTX is developing an OCX augmentation projected to cost more than $400 million to support a new series of GPS IIIF satellites set to begin launching next year, bringing the total effort to $8 billion. Read full article Comments
Morgan Stanley's ( MS ) E*Trade is in talks to take the leading role for smaller U.S. investors in SpaceX's ( SPACE ) IPO. Robinhood ( HOOD ) and SoFi Technologies ( SOFI ) have also pitched for the small retail role in the IPO, but SpaceX is considering cutting them both out, according to a Reuters report on Monday, which cited people familiar with the matter. The two companies remain in talks to...
Morgan Stanley's ( MS ) E*Trade is in talks to take the leading role for smaller U.S. investors in SpaceX's ( SPACE ) IPO. Robinhood ( HOOD ) and SoFi Technologies ( SOFI ) have also pitched for the small retail role in the IPO, but SpaceX is considering cutting them both out, according to a Reuters report on Monday, which cited people familiar with the matter. The two companies remain in talks to handle some of the sales. Mutual fund Fidelity is also trying to see if it can distribute some of the SpaceX (SPAC) shares on its trading platform, according to the report. Robinhood, Morgan Stanley, SoFi and Fidelity declined to comment to Reuters. SpaceX did not respond to a request for comment. The latest update comes after Reuters reported last Thursday that Elon Musk is talking about allocating as much a s 30% of SpaceX's IPO to individual investors. More on SpaceX, Robinhood Markets, etc. I Sold SoFi At $30, Now I'm Eyeing Re-Entry SoFi: Execution Makes It A Buy Again (Rating Upgrade) SoFi Is Down 35%... The Bears Might Have A Point Artemis II crew arrives in Florida ahead of historic lunar flyby SpaceX IPO filing not imminent, prediction markets say
hapabapa BNP Paribas launched sweeping coverage on the restaurant sector. Analyst Steve McManus and his team favor high-quality concepts with strong unit economics and idiosyncratic growth drivers over those more reliant on the macro recovery or turnarounds. Wingstop ( WING ), Shake Shack ( SHAK ), and Dutch Bros ( BROS ) were named the top picks in the sector. McManus views Wingstop ( WING ) as a...
hapabapa BNP Paribas launched sweeping coverage on the restaurant sector. Analyst Steve McManus and his team favor high-quality concepts with strong unit economics and idiosyncratic growth drivers over those more reliant on the macro recovery or turnarounds. Wingstop ( WING ), Shake Shack ( SHAK ), and Dutch Bros ( BROS ) were named the top picks in the sector. McManus views Wingstop ( WING ) as a long-duration, asset-light compounder with best-in-class franchise economics and a multi-year unit runway. The near-term comparable sales pressure for Wingstop ( WING ) is believed to be well understood and already priced into shares, which was noted to create an attractive entry point ahead of a re-acceleration in the second half of the year and 2027. The firm started off coverage on Wingstop with an Outperform rating and a price target of $275, based on a 30X EV/EBITDA multiple. Shake Shack ( SHAK ) also landed an Outperform rating from BNP Paribas. "From its origins as a hot dog cart in Madison Square Park, Shake Shack has become a global premium fast-casual brand known for its burgers and shakes. And after several years of uneven comp trends and cost volatility, Shake Shack looks to be entering a more durable phase of earnings growth. We see improving risk/reward as execution stabilizes and margins inflect," highlighted McManus. BNP Paribas is also bullish on Dutch Bros ( BROS ). The coffee chain's unique drive-thru beverage platform, offering everything from “protein coffee” to energy drinks, shakes & smoothies, and seasonal drinks, was said to be anchored by a loyal, high-frequency customer base that skews Gen Z. "Within the fast-growing specialty beverage category, BROS is emerging as a durable share gainer, supported by strong unit economics and a long runway for unit expansion," highlighted McManis. The firm initiated coverage on Dutch Bros ( BROS ) with an Outperform rating and price target of $73. More on restaurant stocks Dutch Bros: A Great Growth Play For Lon...
Erik Isakson/DigitalVision via Getty Images Needham started coverage of AI infrastructure solutions provider TSS ( TSSI ) with a Buy rating and a $16 price target. Shares of TSS were largely flat on Monday. "TSS solves a key bottleneck in data center construction by delivering AI-enabled server racks to support rapidly evolving capacity expansion requirements, and we view it as a unique way to pla...
Erik Isakson/DigitalVision via Getty Images Needham started coverage of AI infrastructure solutions provider TSS ( TSSI ) with a Buy rating and a $16 price target. Shares of TSS were largely flat on Monday. "TSS solves a key bottleneck in data center construction by delivering AI-enabled server racks to support rapidly evolving capacity expansion requirements, and we view it as a unique way to play rising enterprise AI inference adoption," said analyst Matthew Calitri. The analyst noted that order volume from Dell Technologies ( DELL ) has ticked up in response to demand for AI-optimized infrastructure and is forecast to continue tracking with Dell's growing pipeline. "This robust rack integration demand will prove durable in our view, driving Revenue growth via TSS's Systems Integration business. The company is already seeing returns on investments made to meet increasing delivery requirements from Dell, and shipments above an established minimum contracted quantity carry a 4x Revenue boost," said Calitri. The analyst added that as a critical partner of Dell, TSS is forecasting that rack integration volumes will double in 2026, and they believe this is a durable demand trend based on pipeline build, organizations' appetites for AI, and how quickly the market is evolving. The recent ramp-up of TSS's Georgetown, Texas, rack integration facility makes the company well-positioned to capitalize on increased order capacity, and there is a four-times multiplier effect on revenue when TSS clears the minimum weekly shipment requirement defined in its agreement with Dell, the analyst noted. More on TSS TSS, Inc.: Scaling Fast, But Not Yet Converting TSS: The 41% Sell-Off Isn't Quite The Bargain It Appears To Be TSS, Inc. (TSSI) Q4 2025 Earnings Call Transcript TSS forecasts $20M–$22M adjusted EBITDA for 2026 as AI demand accelerates and contract extension boosts visibility Seeking Alpha’s Quant Rating on TSS
Sophie Park/Getty Images News Treasury bonds extended their surge Monday after Federal Reserve Chair Jerome Powell characterized U.S. President Donald Trump’s sweeping tariffs as a one-time price increase, signaling the central bank has limited control over supply-driven shocks like recent oil price spikes. Yields on two- to 10-year notes ( US2Y ) ( US10Y ) dropped by at least 10 basis points in a...
Sophie Park/Getty Images News Treasury bonds extended their surge Monday after Federal Reserve Chair Jerome Powell characterized U.S. President Donald Trump’s sweeping tariffs as a one-time price increase, signaling the central bank has limited control over supply-driven shocks like recent oil price spikes. Yields on two- to 10-year notes ( US2Y ) ( US10Y ) dropped by at least 10 basis points in afternoon trading as Powell addressed students at Harvard University. The rally in the $31T government debt market accelerated during his remarks, building on earlier gains driven by concerns that escalating Middle East tensions could slow global economic growth. Following Powell’s comments, traders largely abandoned bets on an interest-rate hike this year, instead pricing in the possibility of a cut by the end of 2026. The bond market had faced weeks of selling pressure driven by surging oil costs and fears that central banks would need to aggressively raise rates to combat inflation. “Following Powell’s remarks, we are finally back to pricing one or more cuts as fractionally more likely than a hike this year,” said Krishna Guha, head of central bank strategy at Evercore ISI, Bloomberg reported. “The repricing has more to run, even though we are not relaxed about the prospects for a US-Iran deal.” Seeking Alpha More on United States 3-Month Bill Yield, United States 12-Month Bill Yield, etc. Is This A Major Market Top? Energy Shock, Rising Rates, And Weakening Internals The Iran War Effects: Disturbing Signal From The Bond Market Weekly Market Pulse: War - What Is It Good For? Apollo warns that the US10Y is mispriced by more than 50 bps as term premium surges Oil shock breaks the 60/40 playbook as bonds fail to provide cover
bodnarchuk/iStock via Getty Images The recent bull market in precious metals has been a godsend for gold mining stocks. After years of sub-par performance, gold miners have been one of the best places to be in the equity market over the past year or so. As one of the largest gold mining companies in the world, Newmont Corporation ( NEM ) was in the eye of the storm. NEM's 5-year performance, howev...
bodnarchuk/iStock via Getty Images The recent bull market in precious metals has been a godsend for gold mining stocks. After years of sub-par performance, gold miners have been one of the best places to be in the equity market over the past year or so. As one of the largest gold mining companies in the world, Newmont Corporation ( NEM ) was in the eye of the storm. NEM's 5-year performance, however, still lags behind that of the large-cap gold mining sector as measured by the VanEck Gold Miners ETF ( GDX ). Data by YCharts The reason for this underperformance has been related to idiosyncratic risks specific to NEM, which I outlined in early 2025. Last year, the company began to make some good progress on resolving these issues through a major restructuring. This, in combination with the stock's very conservative valuation last year, has made NEM more attractive even than Agnico Eagle Mines ( AEM )—my long-time favourite in the sector. I outlined my reasoning for this in an article from last April where I showed why NEM has become a better pick than AEM. The odds of AEM continuing to outperform NEM in 2025 are quite low, given the large valuation gap between the two and the dynamic between margins and production growth. I would go as far as to say that Newmont Corporation is, in fact, in a better spot to deliver superior returns in the short term. Source: Seeking Alpha About a year later, this prediction has now become true, with NEM delivering a total return of almost 107%, compared to 79% for AEM. Data by YCharts Following this spectacular performance, gold mining stocks are no longer in the good position that they were a year ago, as precious metal prices are now likely to consolidate , the risk for equities has skyrocketed , and last but not least, energy prices have increased significantly. Tailwinds Fading It is nearly impossible to predict where the price of gold is headed, but the probability of the current bull market continuing on the same trajectory has d...
A ray of hope is finally peaking through the dark clouds that have been lingering over Tesla 's (NASDAQ: TSLA) European business for a while now. Namely, for the first time since December 2024, the European Automobile Manufacturers Association reports a year-over-year increase in the number of new registrations of Tesla-made vehicles. All told, the American company sold 17,664 vehicles in Europe l...
A ray of hope is finally peaking through the dark clouds that have been lingering over Tesla 's (NASDAQ: TSLA) European business for a while now. Namely, for the first time since December 2024, the European Automobile Manufacturers Association reports a year-over-year increase in the number of new registrations of Tesla-made vehicles. All told, the American company sold 17,664 vehicles in Europe last month, up nearly 12% from February 2024. Obviously, all big trends start out as small ones, so this small step could be the first step in a positive direction. Anyone viewing this news as a reason to step into beaten-down Tesla shares, however, might want to hold off at least a little while longer. There's some important context missing from the headline. Yes, Tesla made some much-needed progress in Europe last month. That bar was set rather low, though. Due to a retooling shutdown at multiple production facilities in early 2025, Tesla's sales in Europe plunged 40% year over year in February of last year, to only 16,888 automobiles. Simply having these factories up and running again a year later made a world of positive difference this time around. Look for a similar year-over-year benefit in the March 2026 numbers as well. Continue reading