(RTTNews) - Medicenna Therapeutics Corp. (MDNAF.PK), Thursday announced the appointment of Dr. Nageatte Ibrahim as Chief Medical Officer of the company.
(RTTNews) - Medicenna Therapeutics Corp. (MDNAF.PK), Thursday announced the appointment of Dr. Nageatte Ibrahim as Chief Medical Officer of the company.
Big Tech will have to do a lot of convincing this coming earnings season that aggressive capital expenditures to build AI infrastructure will deliver strong returns.
Big Tech will have to do a lot of convincing this coming earnings season that aggressive capital expenditures to build AI infrastructure will deliver strong returns.
Ashi Sae Yang/iStock via Getty Images Not all commodity funds are built the same. Right now, that matters. The differences are doing more than showing up in performance. They are telling a story investors need to understand. A rare and powerful market dynamic is unfolding. Energy markets have been turned upside down by a historic supply disruption. A conflict-driven shutdown of Gulf oil production...
Ashi Sae Yang/iStock via Getty Images Not all commodity funds are built the same. Right now, that matters. The differences are doing more than showing up in performance. They are telling a story investors need to understand. A rare and powerful market dynamic is unfolding. Energy markets have been turned upside down by a historic supply disruption. A conflict-driven shutdown of Gulf oil production, estimated at nearly 9 million barrels per day, has driven crude oil futures into steep backwardation. As of April 7, front-month WTI is trading near $110 per barrel, while prices for delivery in late 2026 slope down toward the mid-$70s. This creates a powerful positive roll yield tailwind. In Understanding the Components of Commodity Futures Returns , we looked at how spot price movement, collateral yield and roll yield drive commodity returns. We’re seeing that framework in action today, with roll yield now taking center stage. When futures curves are backwardated, investors rolling expiring contracts sell high and buy low, earning a positive spread. History shows how consequential this can be. During the structurally backwardated energy markets of the 1970s and early 1980s, S&P Goldman Sachs Commodity Index (S&P GSCI) roll yield averaged 4.77% and 2.41% annualized, respectively. In contrast, when energy contango dominated the 2000s, that same figure turned sharply negative, to -8.25%. The current environment is squarely in the first camp—and it is historically rare. CMCI: Built for the Long Game The UBS Constant Maturity Commodity Index (“CMCI Index”), the benchmark behind both the VanEck CMCI Commodity Strategy ETF ( CMCI ) and CM Commodity Index Fund , was designed with a specific, long-term view: commodity futures markets are in contango most of the time, and when in contango, front-month concentration is the most expensive place for investors to sit. The index addresses this by spreading exposure across the futures curve, spreading positions three months to three ye...
Cenntro ( NASDAQ: CENN ) on Thursday said it will execute a 1-for-60 reverse stock split of its common shares to seek compliance with Nasdaq’s $1 minimum bid price requirement. The split will reduce outstanding shares from roughly 87.9 million to about 1.47 million, effective when trading opens on April 13, 2026, under the existing ticker “CENN.” All options, warrants, and convertible securities w...
Cenntro ( NASDAQ: CENN ) on Thursday said it will execute a 1-for-60 reverse stock split of its common shares to seek compliance with Nasdaq’s $1 minimum bid price requirement. The split will reduce outstanding shares from roughly 87.9 million to about 1.47 million, effective when trading opens on April 13, 2026, under the existing ticker “CENN.” All options, warrants, and convertible securities will be proportionally adjusted. The company said the split will not change any stockholder’s ownership percentage, aside from fractional shares, which will be rounded to whole shares. Source: Press Release More on Cenntro Electric Group Financial information for Cenntro Electric Group
Tesla is considering an all-new electric vehicle, Reuters reported on Thursday. Tesla didn’t respond to a request for comment. Tesla stock was up 0.3% at 344.09 in premarket trading Thursday, while and futures were down 0.3% and 0.4%, respectively.
Tesla is considering an all-new electric vehicle, Reuters reported on Thursday. Tesla didn’t respond to a request for comment. Tesla stock was up 0.3% at 344.09 in premarket trading Thursday, while and futures were down 0.3% and 0.4%, respectively.
gorodenkoff/iStock via Getty Images I covered GE Aerospace ( GE ) in March with a buy rating. However, since then the stock has lost almost 10%, which is driven by the war in Iran. The war not only drove a somewhat counterintuitive rerating on aerospace and defense stocks but also cast doubt on economic growth prospects, which does affect GE Aerospace's business. In this report, I will review how ...
gorodenkoff/iStock via Getty Images I covered GE Aerospace ( GE ) in March with a buy rating. However, since then the stock has lost almost 10%, which is driven by the war in Iran. The war not only drove a somewhat counterintuitive rerating on aerospace and defense stocks but also cast doubt on economic growth prospects, which does affect GE Aerospace's business. In this report, I will review how earnings estimates have evolved and also want to focus on an often-overlooked longer-term picture. I believe that with a ceasefire now announced, GE Aerospace stock will strongly rebound. Analyst Estimates Have Barely Changed The Aerospace Forum GE Aerospace will report its first-quarter earnings on the 24th of April. Analysts are expecting $10.68 billion in revenues with EPS of $1.58 after five analysts revised estimates up and five analysts revised estimates down. With the war in the Middle East, even with a ceasefire in place now, investors have been concerned about global economic growth, and that triggered a decline in the share price. If we see how analyst estimates have evolved, we actually see no major change. For Q2, the estimates have remained unchanged, while for Q3 and Q4, estimates on EPS have been revised up by 1.5% and 2.9%, respectively, while revenue estimates increased 0.2%. For the full year, by summing up the quarterly figures, we see a 0.2% increase in revenue estimates and 0.9% on EPS. Due to rounding and some analysts not providing quarterly estimates but providing annual estimates or vice versa, the quarterly numbers do not fully match the annual estimates. Looking at the annual estimates, we see that the revision trend has been stable to slightly positive, with a 0.1%-0.2% lift in the revenue estimates and a 0.4%-0.9% lift in the expected earnings per share. So, analysts are not expecting any major headwind from the war at this point, and it somewhat shows that the reduction in share prices is largely driven by investor sentiment and the associated ...