This fantastic business has been on my radar for years, but has persistently traded at expensive valuations. Due to the recent broad market sell-off, I finally upgraded this stock to a buy.
This fantastic business has been on my radar for years, but has persistently traded at expensive valuations. Due to the recent broad market sell-off, I finally upgraded this stock to a buy.
⚽️ WCL updates from the 8pm GMT kick-off at Old Trafford ⚽️ Arsenal 3-1 Chelsea | WSL trophy revamp | And mail Luke The local weather has provided a proper ‘welcome to Manchester’ for the Bayern Munich players today, with not only a chilling, blustery wind and frequent heavy showers but even a sudden burst of hail, which pounded on to the top of my car like pebbles a couple of hours ago as I was d...
⚽️ WCL updates from the 8pm GMT kick-off at Old Trafford ⚽️ Arsenal 3-1 Chelsea | WSL trophy revamp | And mail Luke The local weather has provided a proper ‘welcome to Manchester’ for the Bayern Munich players today, with not only a chilling, blustery wind and frequent heavy showers but even a sudden burst of hail, which pounded on to the top of my car like pebbles a couple of hours ago as I was driving along the M56 towards the stadium. There is a freezing-cold feel in the air and rumours of an overnight frost on the way. So it will feel like this game is being played in January rather than late March, and you wonder whether than can benefit the hosts. Everyone in the stands has their hat, their scarves and their gloves back on again. I’ll expand on those teams shortly , but now, an update from our intrepid reporter at Old Trafford … Continue reading...
Oil prices fell on Wednesday after reports that the U.S. had given Iran a plan to end the war, pushing stocks higher. Can investors finally breathe a sigh of relief? Not so fast, says Morgan Stanley. In a client note, analysts said that even a reopening of the critical Strait of Hormuz, which Iran has effectively closed to oil tankers during the conflict, won't immediately restore the world to its...
Oil prices fell on Wednesday after reports that the U.S. had given Iran a plan to end the war, pushing stocks higher. Can investors finally breathe a sigh of relief? Not so fast, says Morgan Stanley. In a client note, analysts said that even a reopening of the critical Strait of Hormuz, which Iran has effectively closed to oil tankers during the conflict, won't immediately restore the world to its pre-conflict state. Some 20-25% of the world's oil supply and 20% of its liquefied gas passes through this critical shipping lane, and the ease with which it was shut down may permanently change how countries approach their own energy policies. It's a new lens for many. Despite all the many conflicts in the Middle East over many decades, not one has caused a total shutdown of the Strait of Hormuz. As the analysts pointed out, this post-war global economy will likely change in three ways: The world needs reserves away from the Middle East. Most of the world's excess oil sits on the wrong side of the Strait, making it largely inaccessible in the case of a shutdown. This will force countries to rethink the value of that spare capacity, given its location, thereby keeping prices high and volatile. Put another way, countries may look to asterisk the excess supply that sits on the wrong side of the Strait, counting only a portion of it as actually accessible excess. Greater emphasis on strategic stockpiles . Once this conflict is over, countries will likely look to build domestic reserves to even higher levels than before. The U.S. has never managed to refill its strategic petroleum reserve to pre-2022 levels. Coming out of this, there is likely to be increased effort to do so, especially in Europe and Asia, which are really feeling the brunt of this oil disruption. Higher prices for longer. We likely see a premium on oil supplies that do not pass through the Strait. And since energy is a global commodity, premiums on oil from one place will drive up prices overall, even if "Str...
watch now In this video ETH.CM= BTC.CM= Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Crypto World Bitcoin inches toward $71,000 as hopes for U.S.-Iran talks push oil prices lower: CNBC Crypto World On today's episode of CNBC Crypto World, bitcoin moves towards $71,000 after Iran counters a U.S. ceasefire plan. Also, Senators reported...
watch now In this video ETH.CM= BTC.CM= Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email Crypto World Bitcoin inches toward $71,000 as hopes for U.S.-Iran talks push oil prices lower: CNBC Crypto World On today's episode of CNBC Crypto World, bitcoin moves towards $71,000 after Iran counters a U.S. ceasefire plan. Also, Senators reportedly reached an agreement on crypto market structure legislation language to settle a dispute between the banking and crypto sectors. Franklin Templeton's Max Gokhman also discusses how bitcoin is performing as the Iran war continues. 08:46 15 minutes ago Tanaya Macheel Jordan Smith Kaan Oguz
Brandon Moser SpaceX ( SPACE ) is exploring an initial public offering that could become the largest in history, with internal discussions pointing to a fundraising target of roughly $70 billion to $75 billion, Bloomberg News reported Wednesday, citing people familiar with the matter. That range for Elon Musk's rocket and satellite company would far exceed the current IPO record set by Saudi Aramc...
Brandon Moser SpaceX ( SPACE ) is exploring an initial public offering that could become the largest in history, with internal discussions pointing to a fundraising target of roughly $70 billion to $75 billion, Bloomberg News reported Wednesday, citing people familiar with the matter. That range for Elon Musk's rocket and satellite company would far exceed the current IPO record set by Saudi Aramco’s $29 billion listing in 2019 and surpass earlier expectations of about $50 billion. The company is still targeting a potential market debut around June, though timing remains flexible. Preparations for a confidential filing are ongoing, and plans could still change. SpaceX is also said to be considering a valuation above $1.75 trillion, which would place it among the most valuable companies globally, larger than Meta ( META ) and even Musk’s Tesla ( TSLA ), and trailing only a handful of tech giants. More on SpaceX SpaceX IPO: What I Learned From ULA's Heydays SpaceX-xAI Deal: Building America's New Icon SpaceX IPO's $700 Billion Valuation Increase Benchmarked By Rocket Lab 10th xAI cofounder departs ahead of SpaceX IPO: report Tesla and SpaceX's Terafab project likely signals first step toward merger: Wedbush
onimate/iStock via Getty Images Investment Overview Today, news has broken that Terns Pharmaceuticals, Inc. ( TERN ), a Foster City, California-based biotech, is set to be acquired by the Pharma giant Merck & Co., Inc. ( MRK ), in a deal worth $53 per share, or ~$6.7bn - according to a press release issued today: This equates to approximately $5.7 billion net of acquired cash and represents an app...
onimate/iStock via Getty Images Investment Overview Today, news has broken that Terns Pharmaceuticals, Inc. ( TERN ), a Foster City, California-based biotech, is set to be acquired by the Pharma giant Merck & Co., Inc. ( MRK ), in a deal worth $53 per share, or ~$6.7bn - according to a press release issued today: This equates to approximately $5.7 billion net of acquired cash and represents an approximate premium of 31% to the 60-day and 42% to the 90-day volume-weighted average stock price on March 24, 2026. The release also states: Terns’ lead candidate, TERN-701, is a novel investigational oral allosteric BCR::ABL1 tyrosine kinase inhibitor (TKI) currently being evaluated in the Phase 1/2 CARDINAL trial ( NCT06163430 ) for patients with Philadelphia chromosome-positive (Ph+), chronic phase chronic myeloid leukemia (CML) previously treated with at least one prior TKI and who experienced treatment failure, suboptimal response or treatment intolerance. In March 2024 , the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation for TERN-701 for the treatment of CML. Analysis - Terns' Phenomenal Rise From The Ashes Terns has experienced a phenomenal rise in its share price across the past 12 months - its stock is now up a scarcely believable >1,400% during this period, in fact. I gave TERN stock a Buy rating when it traded at $4.9 per share in July last year, discussing its two clinical stage drug candidates as follows: The first is TERN-701, which is indicated for chronic myeloid leukemia ("CML")—a "$5bn market, Tern's research indicates. This drug targets the harder-to-reach "allosteric," as opposed to orthosteric sites of proteins, and it is a tyrosine kinase inhibitor ("TKI"). Terns compares its potency favorably to asciminib, marketed and sold by Swiss Pharma giant Novartis ( NVS ) as Scemblix, earning $689m of revenues in 2024. There are 15 patients enrolled in a Phase 1 study of TERN-701, and the "major molecular response" rate, a key efficacy m...
Sundry Photography/iStock Editorial via Getty Images The Business the Market Has Not Yet Fully Understood nVent Electric plc ( NVT ) continues its strong momentum in the markets, and as of the time of writing this article, the company is reaching new all-time highs. It looks very different today compared to a few years ago, when only 12% of sales came from infrastructure, whereas today it already ...
Sundry Photography/iStock Editorial via Getty Images The Business the Market Has Not Yet Fully Understood nVent Electric plc ( NVT ) continues its strong momentum in the markets, and as of the time of writing this article, the company is reaching new all-time highs. It looks very different today compared to a few years ago, when only 12% of sales came from infrastructure, whereas today it already reaches 45%, with expectations to surpass 50% by FY26 . Following the results published last February , it can be seen that the data center vertical has generated $1B in revenue compared to $600M in 2024. A +67% increase that I take very seriously given the existing demand for liquid cooling. To better understand what we are dealing with, it is worth explaining the verticals that NVT currently operates and thus better understand its business model. The main source of monetization comes from the Systems Protection vertical, where liquid cooling is commercialized, along with different thermal solutions for data centers, power utilities, and various industries. The other part of the business mix corresponds to the Electrical Connections vertical, where connectors, cables, and different electrical management solutions are offered. nVent Both verticals enjoy margins above +20%, and although sales are also growing at a good pace, the most positive point comes from Systems with +34% growth thanks to the weight of the data center business, with Electrical also growing at nearly double digits. Ultimately, it is a company that benefits from the investment that the four major hyperscalers are carrying out , with figures exceeding $416B in CapEx in 2025 and guidance of $630B for 2026. Liquid cooling still represents between 10% and 15% of total cooling spending in data centers, with expectations of exceeding 30% by 2028 . Considering that records were set in January 2026 in terms of construction of these infrastructures and that the ISM manufacturing index returned to expansion in Janu...
Iran doesn’t have to do much to ensure that oil tankers won’t come through the Strait of Hormuz, Bloomberg Opinion columnist Liam Denning explains. (Source: Bloomberg)
Iran doesn’t have to do much to ensure that oil tankers won’t come through the Strait of Hormuz, Bloomberg Opinion columnist Liam Denning explains. (Source: Bloomberg)
Investors looking for protection during market volatility often turn to dividend-paying stocks. These days, they are also moving into small- and mid-cap dividend names. The markets have been churning all year, particularly since the start of the Iran war on Feb. 28 and rally in the price of crude oil. On Wednesday, stocks moved higher following reports that the United States sent Iran a plan to en...
Investors looking for protection during market volatility often turn to dividend-paying stocks. These days, they are also moving into small- and mid-cap dividend names. The markets have been churning all year, particularly since the start of the Iran war on Feb. 28 and rally in the price of crude oil. On Wednesday, stocks moved higher following reports that the United States sent Iran a plan to end the conflict . Still, the S & P 500 is down about 4% year to date. Meanwhile, the small-cap focused Russell 2000 is slightly positive in 2026. Bank of America expects small- and mid-cap stocks, helped by faster earnings growth, to outperform mega caps this year. While the firm has been bullish on small caps since last summer, higher oil is also a modest positive to earnings, said Jill Carey Hall, head of U.S. small- and mid-cap strategy at Bank of America. "If this event plays out and oil stays at elevated levels for longer, small caps do have more exposure to sectors that are beneficiaries of higher oil rather than sectors that are hurt, like consumer," she said in an interview with CNBC's " Squawk Box " Wednesday. Small caps are also negatively correlated with volatility, and the CBOE Volatility Index has jumped from a low of 13 late last year to more than 25 this month, Carey Hall said in a report last week. VIX levels over 20 signal increased investor uncertainty and fear. Mid-caps outperform Mid-cap stocks are faring even better than small caps, with the mid-cap S & P 400 index adding nearly 3% year to date. The companies are usually seen as more stable than small-cap businesses. In addition, they tend to be less expensive than large caps. Dividend stocks are also outperforming the broader market this year as investors seek reliable income to smooth out the bumps. The companies are also generally considered defensive and therefore less volatile than the wider market. Combining dividends with small- and medium-cap stocks could turn into a winning strategy for investor...
Manuel “Makro” Kroiss has told people that he is leaving xAI ( X.AI ), Business Insider reported, citing people familiar with the matter. Kroiss led the company's pretraining efforts and also worked on improving xAI's coding models, the news outlet added . Kroiss is the 10th cofounder of the generative artificial intelligence company to leave, which comes ahead of the highly anticipated initial pu...
Manuel “Makro” Kroiss has told people that he is leaving xAI ( X.AI ), Business Insider reported, citing people familiar with the matter. Kroiss led the company's pretraining efforts and also worked on improving xAI's coding models, the news outlet added . Kroiss is the 10th cofounder of the generative artificial intelligence company to leave, which comes ahead of the highly anticipated initial public offering of parent company SpaceX ( SPACE ). xAI did not immediately respond to a request for comment from Seeking Alpha. On Wednesday, it was reported that SpaceX could raise as much as $75B in its upcoming IPO. The maker of the Grok chatbot was founded in 2023 by Elon Musk and 11 other researchers, including Kroiss, Toby Pohlen, Jimmy Ba, Tony Wu, and Greg Yang. All five men have left the company, as have five others. Following Kroiss' departure, only Ross Nordeen will remain with xAI. Earlier this month, Musk apologized for not building xAI “right” as reports of the departures continued to make headlines. “xAI was not built right first time around, so is being rebuilt from the foundations up,” Musk wrote in his apology. “The same thing happened with Tesla.” Musk followed that up and apologized for the fact that “many talented people over the past few years were declined an offer or even an interview” with the generative artificial intelligence company. He added that he and another xAI executive, Baris Akis, are going through the company's interview history and “reaching back out to promising candidates.” In January, xAI closed a Series E funding round for $20B. The maker of the Grok chatbot did not disclose the valuation at the time, but previous reporting had indicated that the next funding round could value xAI at $230B. Last month, SpaceX announced it was acquiring xAI in a deal that valued the combined company at $1.25T. Tesla ( TSLA ) received clearance from the U.S. government earlier this month that allowed it to convert its investment in xAI into a stake in ...