VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced it has appointed artificial intelligence strategist Khadija Mustafa to its advisory council, as the company looks to expand its global footprint in AI-focused infrastructure. Mustafa brings more than two decades of experience in global technology...
VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced it has appointed artificial intelligence strategist Khadija Mustafa to its advisory council, as the company looks to expand its global footprint in AI-focused infrastructure. Mustafa brings more than two decades of experience in global technology...
(RTTNews) - Shares of Cemtrex, Inc. (CETX) are climbing about 76 percent on Tuesday morning trading after its subsidiary Invocon, Inc. was selected as an apparently successful offeror for a Phase I Small Business Innovation Research (SBIR) contract with the Naval Sea Systems Comm
(RTTNews) - Shares of Cemtrex, Inc. (CETX) are climbing about 76 percent on Tuesday morning trading after its subsidiary Invocon, Inc. was selected as an apparently successful offeror for a Phase I Small Business Innovation Research (SBIR) contract with the Naval Sea Systems Comm
Sven Piper/iStock Editorial via Getty Images As an aerospace engineer myself, despite having very low (nay, extremely low) conviction in the “AI in space” narrative, I rate SpaceX ( SPACE ) a Strong Buy. Wait. What? Unlike traditional value investors, I strongly believe this stock will face a decoupling between fundamentals and price action. I see three reasons why. First, Elon Musk. He is the fou...
Sven Piper/iStock Editorial via Getty Images As an aerospace engineer myself, despite having very low (nay, extremely low) conviction in the “AI in space” narrative, I rate SpaceX ( SPACE ) a Strong Buy. Wait. What? Unlike traditional value investors, I strongly believe this stock will face a decoupling between fundamentals and price action. I see three reasons why. First, Elon Musk. He is the founder and, coincidentally, also the CEO of Tesla, Inc. ( TSLA ), a company whose fundamentals have been significantly deteriorating in the last year. Yet, its stock is up 28% in the past 12 months, mostly on the robotaxi and humanoid hype. I say hype because their contributions to financials remain limited today. Second, I foresee strong retail participation in the IPO. In fact, some sources suggest that Elon may be considering setting aside up to 30% of shares for the retail crowd. Third, I strongly believe the retail crowd will bid up the stock post-IPO, given the fact that the xAI ( X.AI ) merger has expanded the valuation framework of the company from a boring industrial/telecommunications stock to a futuristic AI play. That may happen only if the market is in risk-on mode at the time of its IPO. Otherwise, I foresee a sharp selloff, given the raw valuation of the company. I discuss more below. IPO, xAI Merger, and Data Centers in Space Narrative Let me start with this week's IPO news. It appears that SpaceX is planning to launch its IPO roadshow the week of June 8, host 1,500 retail investors on June 11, and make its prospectus public in late May. Interestingly, Elon Musk may be planning to set aside up to 30% of shares for retail investors versus the typical 5% to 10% in most IPOs. What does this mean? Simple. I expect the stock to trade in the grotesquely overpriced realm on a P/E basis, as the post-IPO retail frenzy could bid it up much like what happened with CoreWeave ( CRWV ) after its IPO. I considered including below a chart showing the returns of CoreWeave vs. ...
Apple (NASDAQ:AAPL) is drawing fresh scrutiny from Wall Street as UBS (NYSE:UBS) maintains its Neutral rating and $280 price target on Apple shares. The firm’s latest note flags a meaningful deceleration in App Store activity that could weigh on the Services segment’s momentum heading into the March quarter. UBS analysis of App Store data shows ... Apple Holds Steady: UBS Keeps Neutral Rating as A...
Apple (NASDAQ:AAPL) is drawing fresh scrutiny from Wall Street as UBS (NYSE:UBS) maintains its Neutral rating and $280 price target on Apple shares. The firm’s latest note flags a meaningful deceleration in App Store activity that could weigh on the Services segment’s momentum heading into the March quarter. UBS analysis of App Store data shows ... Apple Holds Steady: UBS Keeps Neutral Rating as App Store Growth Slows to 7% in March Quarter
Boarding1Now Delta Air Lines ( DAL ) became the latest major airline to raise fees for checked bags on domestic and select short-haul international routes. Of course, the airline sector in general is looking at ways to offset soaring jet fuel costs tied to the conflict in the Middle East. Typically, higher baggage fees are easier to pass off to consumers than bumps in airfares. Notably, the baggag...
Boarding1Now Delta Air Lines ( DAL ) became the latest major airline to raise fees for checked bags on domestic and select short-haul international routes. Of course, the airline sector in general is looking at ways to offset soaring jet fuel costs tied to the conflict in the Middle East. Typically, higher baggage fees are easier to pass off to consumers than bumps in airfares. Notably, the baggage fee increase for Delta ( DAL ) on its domestic routes is the first in two years and follows similar moves by rivals United Airlines ( UAL ) and JetBlue Airways ( JBLU ). JetBlue ( JBLU ) increased checked bag fees first, and United ( UAL ) followed with a $10 hike on first and second checked bags for tickets purchased starting April 3. Meanwhile, Delta ( DAL ) is increasing the fees for first and second checked bags to $45, up from $35, on domestic and some short-haul international routes. The biggest hike from the Atlanta-based carrier is on the third checked bag, which is going up by $50 to $200. More on Delta Air Lines Delta Air Lines: Why It Is A Relative Winner (Rating Upgrade) Delta Air Lines Will Potentially Lead In This Year Of Chaos Delta Air Q1 Earnings Preview: A High Bar To Fly Over, Shares Fairly Valued Delta leads off airline earnings season with a jet fuel advantage Trump budget proposes TSA job cuts, $1.5B reduction in funding
Ceri Breeze/iStock Editorial via Getty Images The investment thesis for Bank of America ( BAC ) today seems to me to be leaning on the durability of net interest income growth in an environment that is beginning to change. The bank continues to deliver solid results, with NII still healthy and resilient and a well-diversified business base. But the market has clearly stopped looking at what has be...
Ceri Breeze/iStock Editorial via Getty Images The investment thesis for Bank of America ( BAC ) today seems to me to be leaning on the durability of net interest income growth in an environment that is beginning to change. The bank continues to deliver solid results, with NII still healthy and resilient and a well-diversified business base. But the market has clearly stopped looking at what has been delivered recently and has started to question what is sustainable from now on. It is in this gap between perception and reality that I see the opportunity starting to form as the 1Q26 earnings approach ( scheduled for April 15 , before the opening bell). At the same time, BAC no longer seems to me to be just a pure "spread bank," and this may not yet be well embedded in its share price. The evolution of fee businesses—wealth and capital markets, more specifically—suggests a more balanced model throughout the cycle and with the ability to cushion part of a normalization of the NII. This particular NII normalization, on the other hand, seems to me well embedded in BAC's share price. I don't see BAC as an obvious or immediate bull case, but in a scenario where the worst already seems widely priced in, the setup starts to get more interesting for those who are willing to wait for this confirmation. The Market Has Already Moved On In the last earnings season, broken down by sub-segments, bank revenues came as follows, as depicted in the chart below. Author, company's filings It is interesting how there is a low correlation between the 4Q25 revenue performance and year-to-date stock returns of these large U.S. banks. In a way, it reinforces the idea that the market is already looking far beyond the recent results and focused on the durability of earnings in a seemingly shifting macro environment. Data by YCharts As ~59% of BAC's revenues come from the consumer and wealth management sides of the business, this is a bank with a greater exposure in consumer spending than other "...
The standup is taking their club night to new heights with an all-day extravaganza. They talk about new talent, learning to laugh in hard times and ‘performative activism’ Kemah Bob’s face lights up when they tell me about their “passion project that has got really out of hand”. In 2018, the Texan standup created FOC It Up , a comedy club for femmes of colour, after wanting to work with more peopl...
The standup is taking their club night to new heights with an all-day extravaganza. They talk about new talent, learning to laugh in hard times and ‘performative activism’ Kemah Bob’s face lights up when they tell me about their “passion project that has got really out of hand”. In 2018, the Texan standup created FOC It Up , a comedy club for femmes of colour, after wanting to work with more people of colour “that weren’t dudes”. “It really was that simple,” they grin. Starting as an hour-long slot within a festival run by the cabaret company The Cocoa Butter Club , it has grown into a nurturing space for many comedians: they’ve hosted countless mixed-bill comedy nights, launched a podcast and taken shows to the Edinburgh fringe. “I wanted to have a space that felt different – warm and inclusive,” says Bob. “Not in a performative way. In the way that’s like: they’re all here, and that’s really cool.” Not one to stand still, Bob is preparing for the club’s biggest event yet – a full day of workshops, masterclasses and networking opportunities, finishing with a “banging” comedy show at Soho theatre. Bob laughs when announcing the event’s name: “FOC Fest! It is just so cheeky.” Continue reading...
LeoPatrizi/iStock via Getty Images Wall Street's major averages were in the red on Tuesday as reports surfaced that the U.S. has attacked military targets on Kharg Island, while President Donald Trump threatens Iran's “imminent destruction” if the country does not agree to a ceasefire. The benchmark S&P 500 ( SP500 ) was last -0.6%, while the Nasdaq Composite ( COMP:IND ) was +0.8%, and the blue-c...
LeoPatrizi/iStock via Getty Images Wall Street's major averages were in the red on Tuesday as reports surfaced that the U.S. has attacked military targets on Kharg Island, while President Donald Trump threatens Iran's “imminent destruction” if the country does not agree to a ceasefire. The benchmark S&P 500 ( SP500 ) was last -0.6%, while the Nasdaq Composite ( COMP:IND ) was +0.8%, and the blue-chip Dow ( DJI ) was -0.7%. Over in the bond market, the benchmark 10-year Treasury yield ( US10Y ) was 2 basis points higher at 4.36%, while the 2-year Treasury yield ( US2Y ) rose 1 basis point to 3.87%. Crude oil futures ( CL1:COM ) were higher at $115, while Brent ( CO1:COM ) was also higher at $110 per barrel. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” Trump said on Truth Social, ahead of the 8 p.m. deadline he set for the opening of the Strait of Hormuz. “We will find out tonight, one of the most important moments in the long and complex history of the world. 47 years of extortion, corruption, and death will finally end,” he wrote. In addition, the U.S. has reportedly attacked military targets on Kharg Island as the 8 p.m. ET deadline arrives. According to media reports, electricity supply was disrupted in parts of the Iranian island after projectiles struck transmission lines. In economic news, d urable goods orders fell more than expected in February. The consumer credit data is due during market hours. More on markets Volatility Falls On Ceasefire Hopes, Yet Caution Remains Stagflation First, Disinflation Later $100 Oil Won't Sink The U.S. Economy Iran rejects U.S. demands; ceasefire bid breaks down – WSJ Trump threatens to hit Iran ‘extremely hard’ even as war nears end; oil surges, futures dip