SBA Communications Corp. is exploring options including a potential sale after the tower owner and operator received preliminary takeover interest, according to people familiar with the matter. Large infrastructure funds have been circling the telecommunications company, the people said, asking not to be identified because the matter is private. SBA is working with advisers to evaluate the interes...
SBA Communications Corp. is exploring options including a potential sale after the tower owner and operator received preliminary takeover interest, according to people familiar with the matter. Large infrastructure funds have been circling the telecommunications company, the people said, asking not to be identified because the matter is private. SBA is working with advisers to evaluate the interest, the people said. Deliberations are at an early stage and there’s no certainty they will lead to a deal, the people said. Representatives for SBA didn’t immediately respond to requests for comment. Any deal would be large considering the size of the company and its debt load. Shares of SBA, which are down 20% in the past year, rose 2.6% to $176.07 at 2:08 p.m. Thursday in New York trading, giving it a market value of $18.7 billion. Including debt, SBA has an enterprise value of about $34 billion, according to data compiled by Bloomberg. A deal would follow a record string of jumbo take-privates in the past 12 months that were partly fueled by a credit market that has now grown choppier. In September, video-game developer Electronic Arts Inc. agreed to sell itself to a group led by Saudi Arabia’s Public Investment Fund and Silver Lake Management for an enterprise value of roughly $55 billion. In March, BlackRock Inc. ’s Global Infrastructure Partners LP and EQT AB agreed to buy electric power distribution company AES Corp. for about $33 billion, including debt. Boca Raton-Florida, based SBA was founded in 1989 as a consultant to wireless carriers, according to its website . It bought its first towers in 1997 and went public two years later. The wireless infrastructure company’s portfolio includes more than 46,000 sites, including towers, buildings, rooftops, distributed antenna systems and small cells. SBA operates primarily in the US but also has towers in South America, Central America and Africa, according to its most recent annual regulatory filing. Most of its revenue...
Investors have been worried about a recession since the Federal Reserve significantly hiked interest rates in 2022. In fact, last July, people betting on Kalshi assigned a probability of over 40% that a recession would materialize in 2025. But as recently as early February of this year, the odds of a recession had plummeted to below 20%. Since then, the likelihood of a recession this year has rebo...
Investors have been worried about a recession since the Federal Reserve significantly hiked interest rates in 2022. In fact, last July, people betting on Kalshi assigned a probability of over 40% that a recession would materialize in 2025. But as recently as early February of this year, the odds of a recession had plummeted to below 20%. Since then, the likelihood of a recession this year has rebounded to 28% (as of April 1), although it had been nearly 37% just two days prior. Keep in mind that these probabilities change frequently. The recent surge occurred due to a string of poor economic data and the Iran war, which has driven oil prices significantly higher. Kalshi defines a recession using the U.S. Bureau of Economic Analysis' definition: two consecutive quarters of negative U.S. gross domestic product (GDP) growth. This is certainly not out of the question. Fourth-quarter U.S. GDP was revised down to 0.7% in March. Continue reading
Three tankers broadcasting Omani ownership appeared to enter the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through Iranian waters. Two oil supertankers and a liquefied natural gas vessel headed east into the strait on Thursday, based on the satellite signals they were broadcasting. All three vessels are managed by Oman Ship Managem...
Three tankers broadcasting Omani ownership appeared to enter the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through Iranian waters. Two oil supertankers and a liquefied natural gas vessel headed east into the strait on Thursday, based on the satellite signals they were broadcasting. All three vessels are managed by Oman Ship Management Company, according to the Equasis marine database. The company couldn’t be reached for comment. While the Strait of Hormuz has been largely blocked since the start of the conflict, Iran has begun to negotiate transit for a handful of vessels tied to friendly nations, which have followed an agreed northerly route through its own waters. Read More: How Iran’s Chokehold on Hormuz Is Upending Oil Supply: Explainer On Thursday, Iran’s state-run IRNA cited Iran Deputy Foreign Minister Kazem Gharibabadi as saying that Tehran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz. Muscat’s position on the comments was unclear. The effective closure of the crucial waterway has upended global energy markets, sending prices surging and putting growing international pressure on US President Donald Trump . Iran is also trying to set up a tolling system, seeking payments of as much as $2 million per voyage through the waterway. The three ships transiting are particularly interesting because they are the largest type of oil tankers and would be the first LNG carrier to escape the gulf since the war began. Each of the three ships was broadcasting that they were Omani when transiting. They all stopped sending automated position signals at about 9:30 a.m. London time, when they were approaching, or just rounding, the tip of Oman’s Mussandam Peninsula that juts northward into the strait. Read More: Key Real-World Oil Price Soars to Highest Level Since 2008 It is unclear if they completed the journeys, but a crossing usually takes several hours. Tracking ships ent...
Kalshi ( KALSHI ) has continued to nab market share at the cost of established sports betting platforms, according to data from Sensor Tower. The trend has extended past the NFL and college football seasons into the NCAA March Madness tournament and the beginning of the MLB season. Notably, Kalshi has picked up a whopping 21% monthly active user share when paired with the sports betting cohort in ...
Kalshi ( KALSHI ) has continued to nab market share at the cost of established sports betting platforms, according to data from Sensor Tower. The trend has extended past the NFL and college football seasons into the NCAA March Madness tournament and the beginning of the MLB season. Notably, Kalshi has picked up a whopping 21% monthly active user share when paired with the sports betting cohort in Q1, up from just 3% in Q1 of 2025. Per Sensor Tower, during the same period, FanDuel ( FLUT ) lost six points of market share, theScore Bet ( PENN ) lost four points, while DraftKings ( DKNG ), BetMGM ( MGM ) ( GMVHF ), and Caesars Sportsbook ( CZR ) all lost two points. The SensorTower conclusion is that the increased popularity of Kalshi ( KALSHI ) is likely impacting revenue growth for sportsbook operators in the U.S., representing a major competitive threat to the industry over the next few years, barring any unforeseen changes to the regulatory landscape. One of the biggest takeaways is that smaller operators, such as theScore Bet ( PENN ), BetMGM ( MGM ) ( GMVHF ), Fanatics ( FANA ), and Caesars ( CZR ), are being squeezed out of the market by top players DraftKings ( DKNG ) and FanDuel ( FLUT ), new entrants backed by foreign entities such as bet365, and prediction market platforms like Kalshi (KALASHI) and Polymarket ( POLYMARKET ). "This potential downward pressure on revenue for smaller operators could prompt consolidation in the space or possible partnership opportunities with peers or prediction market platforms," highlighted Sensor Tower. More on sports betting and prediction markets DraftKings: Predictions About The Predictions Market And Other More Important Predictions DraftKings' Big Break Through Super App Growth And Prediction Platform Clarity DraftKings: A Better Bet As The 'Super App' Launches (Upgrade) FanDuel adds PokerStars in three states under the same online wallet Suspicious trades around Trump policy moves raise insider concerns
ridvan_celik The turmoil facing private credit markets represents a “correction” rather than a systemic crisis, according to Armen Panossian, co-CEO and head of performing credit at Oaktree Capital Management. “I think this is a correction. I don’t think this is a systemic kind of rejection of the private credit asset class,” Panossian said in an interview with Bloomberg Television. He acknowledge...
ridvan_celik The turmoil facing private credit markets represents a “correction” rather than a systemic crisis, according to Armen Panossian, co-CEO and head of performing credit at Oaktree Capital Management. “I think this is a correction. I don’t think this is a systemic kind of rejection of the private credit asset class,” Panossian said in an interview with Bloomberg Television. He acknowledged that concerns around marks, the software sector ( IGV ), ( IGPT ), ( XSW ) weakness, and liquidity mismatches have shaken investor confidence but maintained that the industry is experiencing a necessary recalibration rather than a fundamental collapse. Panossian highlighted a significant divergence between pre-2022 and post-2022 vintage investments, noting that the release of ChatGPT in November 2022 fundamentally changed how investors view legacy software companies. For heavily leveraged portfolios with substantial software exposure, the AI disruption poses existential risks. “There could be a binary outcome with that business. It could just go out of business and just be completely displaced,” Panossian warned, adding that losses on an unlevered basis could result in a 10% to 15% hit to equity when leverage is applied. While semi-liquid business development companies have faced redemption requests “meaningfully in excess of 5%,” Panossian said he does not believe these vehicles alone will generate significant selling pressure. The greater concern, he noted, lies with leverage providers who may “cut back on their leverage tolerance,” potentially forcing managers into margin call situations or fire sales. Still, he characterized current asset sales as “quite orderly” for now. Apollo Global Management President Jim Zelter offered a broader defense of the private credit industry, arguing that critics are “missing the plot” by focusing narrowly on troubled segments. “I do think that I know what sells headlines, and I think the methodical, robust growth of the U.S. economy, t...
Shares of semiconductor testing company Aehr Test Systems (NASDAQ: AEHR) rallied 30.6% this week through Friday at 2:33 p.m. EDT, according to data from S&P Global Market Intelligence . Aehr didn't report any financial results this week, but it did announce an order for its wafer test and burn-in machines from a new customer. This customer is also innovating in silicon photonics, a new networking ...
Shares of semiconductor testing company Aehr Test Systems (NASDAQ: AEHR) rallied 30.6% this week through Friday at 2:33 p.m. EDT, according to data from S&P Global Market Intelligence . Aehr didn't report any financial results this week, but it did announce an order for its wafer test and burn-in machines from a new customer. This customer is also innovating in silicon photonics, a new networking technology that many believe will displace copper in AI data centers. Needless to say, the announcement fueled a stock price uptick. Continue reading
Building managers at several major office complexes in Riyadh have instructed tenants to work from home for the next few days, prompting some companies to shift to remote work after Iranian threats against U.
Building managers at several major office complexes in Riyadh have instructed tenants to work from home for the next few days, prompting some companies to shift to remote work after Iranian threats against U.
Fenne/iStock via Getty Images Foreword About Large Cap Value “A large cap stock value ranking from YCharts puts together complementary stocks research strategies. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are shown in this portfolio. What it is: The Value Score is a...
Fenne/iStock via Getty Images Foreword About Large Cap Value “A large cap stock value ranking from YCharts puts together complementary stocks research strategies. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are shown in this portfolio. What it is: The Value Score is a composite score. It tells you how much you are getting in terms of profits, cash flows, assets, sales, etc. for the stock price that you pay. It is a relative measurement, so it says nothing about the overall level of the market. Rather, it answers the question: "Given the current market level, which stocks give you the most current value for your dollar of investment?" Tens are the most valuable, and 1s are the least. How to use it: Use it to find companies that are selling at a low price relative to their assets and profits. Limitations of the Value Score: Watch out for companies with a lot of uncertainty or bad prospects for the future (e.g., Pharma companies with expiring patents, industries on the decline, etc). About the Ben Graham Formula The Ben Graham Formula strategy contains ultra-stable stocks that will rarely lose money if held over a long period of time. It was developed based on a screen in Graham's book, "The Intelligent Investor." For those who have the book, it is the "Defensive Investor" screen. It selects stocks that are large in terms of sales and total assets, have a strong track record of earnings and dividend payments, have a reasonable current ratio and level of long term debt, and have a low valuation given by PE Ratios and Price to Book Value ratios.” -YCharts While over half of this April collection of GASV is thigh priced, or reveals small, or no, forward looking dividends, fourteen of the twenty-five“safer” lowest-priced dogs of the GASV are buyable. April finds JOYY, Inc ( JOYY ), Hafnia Ltd ( HAFN ), IRSA Inversiones ( IRS ), Weibo Corp ( WB...
The riskiest asset class is converging with one of the safest in a first-of-its-kind financial product: A Bitcoin-backed municipal bond. Bloomberg's Elizabeth Rembert joins Scarlet Fu on "Bloomberg Markets" to discuss. (Source: Bloomberg)
The riskiest asset class is converging with one of the safest in a first-of-its-kind financial product: A Bitcoin-backed municipal bond. Bloomberg's Elizabeth Rembert joins Scarlet Fu on "Bloomberg Markets" to discuss. (Source: Bloomberg)
FactoryTh/iStock via Getty Images Freeport-McMoRan ( FCX ) down 0.9% in Thursday's trading as copper and other base metals fell following President Trump's speech that dampened hopes for a near-term de-escalation in the Middle East war. Goldman Sachs initiated coverage of Freeport-McMoRan ( FCX ) with a Buy rating and $70 price target, believing the company offers best-in-class exposure to structu...
FactoryTh/iStock via Getty Images Freeport-McMoRan ( FCX ) down 0.9% in Thursday's trading as copper and other base metals fell following President Trump's speech that dampened hopes for a near-term de-escalation in the Middle East war. Goldman Sachs initiated coverage of Freeport-McMoRan ( FCX ) with a Buy rating and $70 price target, believing the company offers best-in-class exposure to structural deficits in the copper market with supplemental gold exposure, and that both macro and geopolitical tailwinds should continue to support higher long-term commodity prices, resulting in increased profitability. Additionally, Freeport's ( FCX ) production volumes are at an inflection point, Goldman's Nick Cash and Cecilia Tang said, which should compound the company's profitability in a higher price environment; while this view is widely accepted by the market given the Grasberg mine restart and higher copper prices, the analysts believe Freeport's "asset level margin convexity is underappreciated," which should drive further margin expansion. As a result, the analysts expect a significantly improved operating profile that should lead to higher levels of free cash flow generation, which should increase Freeport's ( FCX ) balance sheet flexibility, and given the company's historical capital allocation distribution, should result in increased returns to shareholders while simultaneously allocating significant capital to growth initiatives. More on Freeport-McMoRan Freeport-McMoRan: The Drawdown Is A Gift Freeport-McMoRan: The Profit Surge Has Barely Started (Rating Upgrade) Freeport-McMoRan Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript
BeOne Medicines AG (NASDAQ:ONC) ranks among the oversold European stocks to buy. On March 16, Jefferies lowered BeOne Medicines AG (NASDAQ:ONC) to Hold from Buy and reduced its price target to $290 from $420. According to analyst Faisal Khurshid, Brukinsa continues to be one of the strongest assets in hematology and is predicted to continue […]
BeOne Medicines AG (NASDAQ:ONC) ranks among the oversold European stocks to buy. On March 16, Jefferies lowered BeOne Medicines AG (NASDAQ:ONC) to Hold from Buy and reduced its price target to $290 from $420. According to analyst Faisal Khurshid, Brukinsa continues to be one of the strongest assets in hematology and is predicted to continue […]
Douglas Rissing/iStock via Getty Images The Federal Reserve Bank of Atlanta’s GDPNow model on Thursday lowered its estimate for first-quarter real gross domestic product growth to 1.6% from 1.9% a day earlier. That's well below the ~3% level seen in the run-up to the start of the Iran war at the end of February. The decline came after the morning’s international trade report from the U.S. Census B...
Douglas Rissing/iStock via Getty Images The Federal Reserve Bank of Atlanta’s GDPNow model on Thursday lowered its estimate for first-quarter real gross domestic product growth to 1.6% from 1.9% a day earlier. That's well below the ~3% level seen in the run-up to the start of the Iran war at the end of February. The decline came after the morning’s international trade report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis revealed a widening trade deficit that offset gains in domestic investment. The nowcast for the contribution of net exports to Q1 real GDP growth fell sharply, dropping from -0.23 percentage points to -0.76 percentage points. This decline more than countered an increase in the nowcast of Q1 real gross private domestic investment growth, which rose from 4.9% to 6.6%. Personal consumption expenditures growth also ticked down slightly, falling from 1.5% to 1.4% in the latest estimate. The next GDPNow update is scheduled for Tuesday, April 7. Atlanta Fed More on US Dollar Index, Invesco DB USD Bullish ETF, etc. Dollar Index Rally Runs Out Of Steam- UDN Is A Bearish Dollar Index ETF Hope Dashed, Risk Appetites Slashed Ahead Of Long Holiday Weekend For Many Hope Boosts Risk Appetites And Drags The Greenback Lower Dollar heads for strongest month since 2024 as Iran war drives safe-haven demand Dollar edges higher on safe-haven demand amid Middle East tensions: Currency Recap
Apple Inc. turns 50, evolving from a near-bankrupt company in the 1990s to a $3.6 trillion tech giant. According to Wedbush analyst Dan Ives, the next chapter won't focus on hardware but on AI. Ives highlights Apple's unmatched legacy, from the Macintosh to the iPhone, and its edge in controlling the entire tech stack — chips, software, and services — with 2.5 billion iOS devices globally. This ec...
Apple Inc. turns 50, evolving from a near-bankrupt company in the 1990s to a $3.6 trillion tech giant. According to Wedbush analyst Dan Ives, the next chapter won't focus on hardware but on AI. Ives highlights Apple's unmatched legacy, from the Macintosh to the iPhone, and its edge in controlling the entire tech stack — chips, software, and services — with 2.5 billion iOS devices globally. This ecosystem now positions Apple to lead in AI, but it also raises the stakes. WWDC: The AI Moment Apple