Cable signed by Marco Rubio and seen by Guardian suggests staff work with Pentagon psychological operations unit The United States has directed every American embassy and consulate across the world to launch coordinated campaigns against foreign propaganda and endorses Elon Musk’s X as an “innovative” tool to help do it. The cable, signed by secretary of state Marco Rubio on Monday and obtained by...
Cable signed by Marco Rubio and seen by Guardian suggests staff work with Pentagon psychological operations unit The United States has directed every American embassy and consulate across the world to launch coordinated campaigns against foreign propaganda and endorses Elon Musk’s X as an “innovative” tool to help do it. The cable, signed by secretary of state Marco Rubio on Monday and obtained by the Guardian, also suggests embassies and consulates work alongside the US military’s psychological operations unit to address the problem of rampant disinformation. It lays out a sweeping set of instructions for how embassy staff should push back against what it describes as coordinated foreign efforts to undermine American interests abroad. Continue reading...
PM Images/DigitalVision via Getty Images Investment Thesis After declining by 7% YTD, you might be forgiven for thinking that the Invesco S&P 500 Momentum ETF ( SPMO ) has run out of steam. However, last week's Index reconstitution changed this popular $12.6B ETF. SPMO made 53 changes that resulted in 10% more in tech, 13% less in financials, and portfolio turnover totaling 54%. If nothing else, t...
PM Images/DigitalVision via Getty Images Investment Thesis After declining by 7% YTD, you might be forgiven for thinking that the Invesco S&P 500 Momentum ETF ( SPMO ) has run out of steam. However, last week's Index reconstitution changed this popular $12.6B ETF. SPMO made 53 changes that resulted in 10% more in tech, 13% less in financials, and portfolio turnover totaling 54%. If nothing else, this shakeup should remind SPMO investors that they're buying a strategy, not a fixed basket of stocks, and after looking at how well this new group has performed over the last year, I can confidently state that SPMO is executing its strategy exactly as intended. However, the new SPMO comes with high amounts of short-term earnings risk. Specifically, I'll demonstrate why analysts' 26.93% next-year EPS growth rate expectation is far too aggressive and how SPMO's current sector composition could lead to significant P/E compression over the next six months. Therefore, while SPMO is great on paper, and it has one of the best growth and value combinations you'll find in today's market, the short-term risk is too high. Today, SPMO only earns a generous "hold" rating, and I look forward to explaining why in further detail below. SPMO Overview SPMO launched on October 9, 2015, and has a 0.13% expense ratio and $12.6B in assets under management. It tracks the S&P 500 Momentum Index with the goal of always holding a group of stocks that have performed well over the last year. Here is a brief summary of the selection process: 1. The Index assigns initial momentum scores to all S&P 500 Index stocks based on their one-year price returns, excluding the most recent month. These momentum scores are adjusted based on volatility, with less volatile stocks receiving positive adjustments and vice versa. 2. The Index selects the top 100 stocks for inclusion, though a 25% buffer rule allows those with momentum scores inside the top 125 to remain. This process repeats twice per year after the thir...
Boston Omaha press release ( BOC ): FY GAAP EPS of -$0.40. Revenue of $114.38M (+5.6% Y/Y) beats by $0.68M . More on Boston Omaha Boston Omaha: No Good Reason To Be Bullish Seeking Alpha’s Quant Rating on Boston Omaha Historical earnings data for Boston Omaha Financial information for Boston Omaha
Boston Omaha press release ( BOC ): FY GAAP EPS of -$0.40. Revenue of $114.38M (+5.6% Y/Y) beats by $0.68M . More on Boston Omaha Boston Omaha: No Good Reason To Be Bullish Seeking Alpha’s Quant Rating on Boston Omaha Historical earnings data for Boston Omaha Financial information for Boston Omaha
monsitj/iStock via Getty Images Gold and silver futures finished with firm gains Monday, as traders have stepped up safe-haven buying recently with the Middle East war continuing to rage, plus an assist from lower global government bond yields and higher crude oil prices. Traders have been treating gold like a risky asset instead of a safe-haven parking spot for money, but that shift in sentiment ...
monsitj/iStock via Getty Images Gold and silver futures finished with firm gains Monday, as traders have stepped up safe-haven buying recently with the Middle East war continuing to rage, plus an assist from lower global government bond yields and higher crude oil prices. Traders have been treating gold like a risky asset instead of a safe-haven parking spot for money, but that shift in sentiment appears to be easing as President Trump posts about making a deal with Iran, Thadeu Dos Santos of Infinox said in a note. "Geopolitical risks remain elevated, supporting safe-haven demand, but the market continues to weigh this against a more restrictive U.S. rate outlook," Dos Santos said. Front-month Comex gold ( XAUUSD:CUR ) for April delivery closed up 0.7% to $4,256/oz, its third gain in the past four trading sessions, and front-month Comex April silver ( XAGUSD:CUR ) gained 1.1% to $70.324/oz, rising for the fourth time in five sessions. Gold has fallen 13.5% so far in March, placing the metal on track for its worst monthly showing since 2008, as surging energy prices have heightened inflation concerns and caused markets to reassess their interest rate expectations. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ), ( AAAU ), ( SGOL ), ( RING ), ( BAR ), ( OUNZ ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver SPX Call Demand Jumps On Optimism Silver: Massive Buying Opportunity After The Bloodshed Commodities: Iran Hits UAE And Bahrain Aluminum Plants
China Gold International Resources press release ( CGG:CA ): Q4 revenue increased by 31% to US$384.7M from US$293.6M for the same period in 2024. • Mine operating earnings of US$209.9M,increased by US$87.7M from mine operating earnings of US$122.2M for the same period in 2024. • Net profit of US$127.7M increased by US$59.4M from US$68.3M for the same period in 2024. • Cash flow from operations of ...
China Gold International Resources press release ( CGG:CA ): Q4 revenue increased by 31% to US$384.7M from US$293.6M for the same period in 2024. • Mine operating earnings of US$209.9M,increased by US$87.7M from mine operating earnings of US$122.2M for the same period in 2024. • Net profit of US$127.7M increased by US$59.4M from US$68.3M for the same period in 2024. • Cash flow from operations of US$140.4M, increased from US$62.7M for the same period in 2024. • Total gold production decreased by 21% to 47,875 ounces from 60,406 ounces for the same period in 2024. • Total copper production was 37.0M pounds (approximately 16,756 tonnes), a decrease from 44.1M pounds (approximately 20,020 tonnes) for the same period in 2024. More on China Gold International Resources Historical earnings data for China Gold International Resources Dividend scorecard for China Gold International Resources Financial information for China Gold International Resources
On March 30, the S&P 500 (SNPINDEX:^GSPC) fell 0.39% to 6,343.72 in choppy trading. The Nasdaq Composite (NASDAQINDEX:^IXIC) slid 0.73% to 20,794.64 on tech and chip weakness. The Dow Jones Industrial Average (DJINDICES:^DJI) eked out a 0.11% gain to 45,216.14 as defensives o
On March 30, the S&P 500 (SNPINDEX:^GSPC) fell 0.39% to 6,343.72 in choppy trading. The Nasdaq Composite (NASDAQINDEX:^IXIC) slid 0.73% to 20,794.64 on tech and chip weakness. The Dow Jones Industrial Average (DJINDICES:^DJI) eked out a 0.11% gain to 45,216.14 as defensives o
Fermi (NASDAQ:FRMI) , developer of energy infrastructure for AI data centers, closed Monday at $5.36, down 13.27%. The stock moved lower after wider-than-expected inaugural losses, a lack of tenant progress for its flagship AI project, and continued focus on when it might secure long-term anchor customers. Trading volume reached 45.7 million shares, coming in about 480% above its three-month avera...
Fermi (NASDAQ:FRMI) , developer of energy infrastructure for AI data centers, closed Monday at $5.36, down 13.27%. The stock moved lower after wider-than-expected inaugural losses, a lack of tenant progress for its flagship AI project, and continued focus on when it might secure long-term anchor customers. Trading volume reached 45.7 million shares, coming in about 480% above its three-month average of 7.9 million shares. Fermi IPO'd in 2025 and has fallen 84% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.39% to finish Monday at 6,344, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.73% to close at 20,795. Within data center REITs, industry peers Equinix (NASDAQ:EQIX) closed at $964.05 (+0.11%) and Digital Realty Trust (NYSE:DLR) ended at $175.2 (-0.13%), showing more muted moves than Fermi. Data center REITs have been one avenue for investors to participate in the massive capital spending from megacap tech companies building out AI infrastructure. Despite initial excitement at its IPO, Fermi disappointed investors in December saying that a potential tenant had cancelled an agreement intended to assist in financing the construction at its massive Texas location, posing a setback for the newly listed firm. Continue reading