nielubieklonu/iStock via Getty Images Seadrill ( SDRL ) said Monday it was award ed a 1,095-day contract extension for its West Polaris ultra-deepwater drillship with Petrobras ( PBR ) for work at the Buzios field offshore Brazil . Seadrill ( SDRL ) said the rig will earn $409,200/day from April 2026 through March 2027, rising to $454,700/day from April 2027 until mid-January 2028. "This award enh...
nielubieklonu/iStock via Getty Images Seadrill ( SDRL ) said Monday it was award ed a 1,095-day contract extension for its West Polaris ultra-deepwater drillship with Petrobras ( PBR ) for work at the Buzios field offshore Brazil . Seadrill ( SDRL ) said the rig will earn $409,200/day from April 2026 through March 2027, rising to $454,700/day from April 2027 until mid-January 2028. "This award enhances Seadrill's earnings visibility for a mature asset into the next decade," the company's President and CEO Samir Ali said. More on Seadrill Seadrill Q4 2025 Earnings Call Transcript Overbought In A Tight Market: Seadrill's Valuation Overshadows Favorable Dynamics Seeking Alpha’s Quant Rating on Seadrill
Bitcoin accumulator Strategy Inc. registered a roughly $14.5 billion unrealized loss in the first quarter as the value of the Michael Saylor -led company’s cryptocurrency holdings fell. Bitcoin tumbled more than 20% in the three months, the largest first-quarter drop for the notoriously volatile digital asset since 2018. Strategy held more than $50 billion of cryptocurrency at quarter-end. The com...
Bitcoin accumulator Strategy Inc. registered a roughly $14.5 billion unrealized loss in the first quarter as the value of the Michael Saylor -led company’s cryptocurrency holdings fell. Bitcoin tumbled more than 20% in the three months, the largest first-quarter drop for the notoriously volatile digital asset since 2018. Strategy held more than $50 billion of cryptocurrency at quarter-end. The company adopted accounting standards last year that require changes in the fair value of its Bitcoin holdings to flow through earnings, driving multibillion-dollar swings in results. Strategy, formerly known as MicroStrategy, also said it bought 4,871 Bitcoin from April 1 through April 5 for about $330 million, according to a US Securities and Exchange Commission filing Monday. The latest acquisition was funded through sales of Class A common stock and at-the-market sales of the firm’s Stretch preferred shares. The average purchase price was about $67,700. The Tysons Corner, Virginia-based firm also reported a $2.42 billion deferred tax benefit in the quarter. The slide in Bitcoin since its record high last year pushed the value of Strategy’s holdings below their average purchase price of more than $75,000 by the end of the quarter. Bitcoin traded near $70,000 on Monday before paring gains. At its peak, Strategy shares traded far above the value of its holdings, allowing the company to issue new stock, buy more Bitcoin and repeat the cycle. But with that premium largely gone and capital markets tightening, the model has become harder to sustain. Now, co-founder and executive chairman Saylor is leaning more heavily on Stretch preferred shares to keep funding purchases. Selling common stock to buy Bitcoin dilutes existing shareholders. Issuing preferred shares avoids that dilution, but adds a fixed obligation. Saylor has been shifting between the two depending on market conditions and investor demand. Last month, the firm announced plans to sell $21 billion in Class A common sto...
(RTTNews) - Elbit Systems (ESLT) announced, further to its announcement from December 16, 2025, that as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, it was awarded a contract worth approximately $750 million to supply
(RTTNews) - Elbit Systems (ESLT) announced, further to its announcement from December 16, 2025, that as part of an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense, it was awarded a contract worth approximately $750 million to supply
primeimages/iStock via Getty Images Last week, the stock market rally was one of the best performances in nearly a year. The S&P 500 surged 3.4%, the Nasdaq climbed 4.4%, and the bulls declared the correction over. As I have stated before, having watched markets for more than 35 years, I have come to recognize the difference between a relief rally and the end of a corrective cycle. So far, this re...
primeimages/iStock via Getty Images Last week, the stock market rally was one of the best performances in nearly a year. The S&P 500 surged 3.4%, the Nasdaq climbed 4.4%, and the bulls declared the correction over. As I have stated before, having watched markets for more than 35 years, I have come to recognize the difference between a relief rally and the end of a corrective cycle. So far, this remains a relief rally until overhead resistance is broken through and successfully retested. The question that matters now is whether the stock market rally has the institutional support to break through those resistance levels or whether Monday’s open will reveal the reversal was already finished before most investors realized it started. The answer, based on every technical and macro lens I use, points heavily toward the latter. Let’s Review The Tape The S&P 500 closed at 6,582, bouncing roughly 4.5% off the late-March lows near 6,300. That sounds constructive until you examine what those price levels represent. The index pushed directly into its 200-day moving average near 6,642 and remains comfortably below the 50-day moving average near 6,789. The 20-DMA trends around 6,607. Together, those three levels form an overhead cluster of resistance that has historically acted as a gravitational ceiling for stocks in corrective environments. Furthermore, the volume profile we analyzed on Wednesday confirmed the same. Many investors are trapped at those prices, holding positions at a loss and waiting for any rally to exit at break-even, which adds to the risk of a relief rally failure. Then came Thursday’s escalation, following President Trump’s prime-time address, which offered no clear path toward ending the conflict or reopening the Strait of Hormuz. Unsurprisingly, oil responded immediately. WTI crude surged to $111.54 per barrel on settlement Thursday, the highest close since June 2022. Equity futures reversed what the bulls had built over two sessions, trading sharply lowe...
Biogen said on Monday that it expects Q1 GAAP and non-GAAP net income per diluted share to be impacted by ~$0.19 per share. The charge arises from acquired in-process research and development, upfront and milestone expenses of ~$34M on a pre-tax basis. The company is expected to report results on April 30. The consensus EPS is $3.03, while revenue is expected to come in around $2.25B. More on Biog...
Biogen said on Monday that it expects Q1 GAAP and non-GAAP net income per diluted share to be impacted by ~$0.19 per share. The charge arises from acquired in-process research and development, upfront and milestone expenses of ~$34M on a pre-tax basis. The company is expected to report results on April 30. The consensus EPS is $3.03, while revenue is expected to come in around $2.25B. More on Biogen Biogen Acquires Apellis: Synergies, Risks, And What The Market Is Missing Apellis surges on $5.6B buyout deal with Biogen Biogen receives FDA approval for high-dose Spinraza regimen
Is ALAB a good stock to buy? We came across a bullish thesis on Astera Labs, Inc. on MTC’s Substack. In this article, we will summarize the bulls’ thesis on ALAB. Astera Labs, Inc.’s share was trading at $112.47 as of March 27th. ALAB’s trailing and forward P/E were 95.11 and 49.26 respectively according to Yahoo Finance. Astera Labs, Inc. designs, manufactures, and sells semiconductor-based conne...
Is ALAB a good stock to buy? We came across a bullish thesis on Astera Labs, Inc. on MTC’s Substack. In this article, we will summarize the bulls’ thesis on ALAB. Astera Labs, Inc.’s share was trading at $112.47 as of March 27th. ALAB’s trailing and forward P/E were 95.11 and 49.26 respectively according to Yahoo Finance. Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Astera Labs (ALAB) delivered an exceptionally str
Ondas ( ONDS ) announced on Monday that its subsidiary, 4M Defense , has won a competitive tender for a large-scale demining project along a strategic border region, with near-term and follow-on orders expected to represent over $50M in program value. The company stated that the project is in addition to Ondas' previously announced $30M demining program with additional potential for hundreds of mi...
Ondas ( ONDS ) announced on Monday that its subsidiary, 4M Defense , has won a competitive tender for a large-scale demining project along a strategic border region, with near-term and follow-on orders expected to represent over $50M in program value. The company stated that the project is in addition to Ondas' previously announced $30M demining program with additional potential for hundreds of millions of dollars for future border security systems implementations. The project will be executed by 4M Defense and represents the initial phases of a broader $1.7B national initiative led by the Israel Ministry of Defense, known as the Eastern Border Security Barrier, to upgrade the eastern border through the development of advanced technological infrastructure. The initial scope includes extensive mine clearance with AI-enabled advanced robotic systems and operations across a wide and complex terrain, forming a critical first step in preparing the area for construction and deployment activities, the company said. "The program includes significant expansion potential beyond the expected $50M in demining operations in addition to significant potential for other defense technologies related to border protection," it added. ONDS +1.35% premarket to $9.73. Source: Press Release More on Ondas Ondas: From Drone Niche To Defense Platform (Rating Upgrade) Ukraine eyes drone export boom as Middle East conflicts highlight demand Ukraine takes drone defense pitch to Gulf in bid for military support
(RTTNews) - Following the rally seen last week, stocks may show a lack of direction in early trading on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by less than a tenth of a percent.
(RTTNews) - Following the rally seen last week, stocks may show a lack of direction in early trading on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by less than a tenth of a percent.