Within the utilities sector, short sellers remain heavily concentrated in electric utilities, with several electricity producers and multi-utility companies ranking among the most heavily shorted stocks in the market as of the April end. Oklo ( OKLO ) and Otter Tail ( OTTR ) recorded the highest short interest among utilities stocks with a market capitalization of over $2B. The utilities sector ( ...
Within the utilities sector, short sellers remain heavily concentrated in electric utilities, with several electricity producers and multi-utility companies ranking among the most heavily shorted stocks in the market as of the April end. Oklo ( OKLO ) and Otter Tail ( OTTR ) recorded the highest short interest among utilities stocks with a market capitalization of over $2B. The utilities sector ( XLU ) comprises companies involved in services like electricity, natural gas, and water, among other services. Oklo ( OKLO ) was the most shorted stock in the utilities sector, with short interest at 20.16% of its shares outstanding, followed by Otter Tail ( OTTR ) at 13.32%, reflecting elevated bearish positioning in both stocks. Oklo’s shares have risen nearly 2.4% year-to-date, underperforming the benchmark S&P 500, which has gained over 11.2% in the same period. Seeking Alpha quant ratings and analysts are bearish, rating OKLO a Hold . On the other hand, Wall Street analysts are bullish, rating it a Buy . Otter Tail ( OTTR ) was rated a Hold by Seeking Alpha Quant ratings and Wall Street analysts. At the other end of the spectrum, Brookfield Infrastructure Partners ( BIP ) and Fervo Energy ( FRVO ) were among the least shorted utilities stocks, with short interest of 0.19% and 1.02%, respectively. The top five most shorted utilities stocks with a market capitalization above $2B (as a percentage of shares outstanding) are: Oklo ( OKLO ) 20.16% short interest Otter Tail ( OTTR ) 13.32% Black Hills ( BKH ) 11.97% H2O America ( HTO ) 11.43% Hawaiian Electric Industries ( HE ) 10.31% The five least shorted utilities stocks, with a market capitalization above $2B, are: Sempra ( SRE ) 1.47% short interest Essential Utilities ( WTRG ) 1.42% ReNew Energy Global ( RNW ) 1.34% Fervo Energy ( FRVO ) 1.02% Brookfield Infrastructure Partners ( BIP ) 0.19% More on State Street Utilities Select Sector SPDR ETF XLU: Power Demand Boom Meets A New Utility Playbook XLU: Why I Am Upgrading ...
ADP is one of the world's largest payroll companies. If a business needs to pay employees, manage benefits, etc., there's a good chance ADP is involved behind the scenes. Interestingly, depending on the data provider, the stock is often classified as either an industrial or a technology/software company. That's understandable, given that its business touches both operational infrastructure and ent...
ADP is one of the world's largest payroll companies. If a business needs to pay employees, manage benefits, etc., there's a good chance ADP is involved behind the scenes. Interestingly, depending on the data provider, the stock is often classified as either an industrial or a technology/software company. That's understandable, given that its business touches both operational infrastructure and enterprise software. And as we'll see, the stock's recent price action also reflects characteristics of both sectors. Starting with ADP itself, the stock is just beginning to break out from a clear potential inverse head and shoulders pattern. And as is clear, the stock has been steadily recovering since its April low, though it still has a lot of work to do after trending lower from its June 2025 peak way up at 330. So, while many leading stocks already have broken out to new all-time highs, one reason we continue to like ADP is that it appears to be in the early stages of a bottoming process. Given that ADP relies on software at a massive scale as part of its day-to-day operations, we can look to the IGV software ETF as a potential roadmap for what this breakout attempt could eventually resemble. As we know, IGV spent several months bottoming after its well-documented decline before finally gaining traction. Over the last two weeks, that move has accelerated dramatically, with the ETF rallying all the way to our measured-move target near 104, which it reached yesterday. From this perspective, ADP has been lagging the more popular software names and the IGV ETF itself, but it is emerging from a very similar-looking bottoming pattern. While there are no guarantees it follows the same path, the resemblance is encouraging and suggests ADP may still have room to play catch-up if its recent breakout continues to gain momentum. ADP is also a component of the XLI industrial ETF . From that perspective, it has been lagging, as well, since XLI is now very close to reclaiming the recor...
July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would...
July WTI crude oil (CLN26 ) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26 ) is up +0.0155 (+0.49%). Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would...
Distressed opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations, according to GoldenTree Asset Management founder Steven Tananbaum . The four-decade market veteran pointed to companies including Comcast Corp. , Charter Communications In...
Distressed opportunities are emerging in sectors facing fundamental business-model challenges, including software and cable, with some of the most compelling situations arising from mismatches between debt and equity valuations, according to GoldenTree Asset Management founder Steven Tananbaum . The four-decade market veteran pointed to companies including Comcast Corp. , Charter Communications Inc. and Cable One Inc. as ones to watch, saying their depressed equity prices stand in contrast to debt that’s proven far more resilient, creating potential openings across the capital structure. “That’s kind of an interesting relationship,” Tananbaum, the lead portfolio manager for the firm’s master fund, distressed funds and tactical opportunities fund, said at the Bloomberg Global Credit Forum. “It’s very situational. There’s the expected distress, which is in software, where the business model is getting called into question, and then there’s also in telecom, another business model that’s getting called into question.” Tananbaum, who is also a member of GoldenTree’s private credit committee, said “anxious capital” has exited the direct lending market, creating space for more deliberate buyers. Read More: Private Credit’s Unthinkable Becomes Reality as Trading Revs Up “We certainly are seeing better value in private credit today than we have seen in the last 24 to 36 months,” he added.
Editor's note: Seeking Alpha is proud to welcome Victory Capital as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » laddawan punna/iStock via Getty Images For first quarter end, March 31, 2026, the Fund (Class A s...
Editor's note: Seeking Alpha is proud to welcome Victory Capital as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » laddawan punna/iStock via Getty Images For first quarter end, March 31, 2026, the Fund (Class A shares, net asset value)( IPFIX ) had a total return of 0.21%. The Fund's benchmark index, the Bloomberg U.S. 1-5 Year Government Bond Index, had a total return of 0.15%. Equity markets all ended in the red for the first quarter, with the Dow Jones Industrial Average at -3.6%, the S&P 500 at -4.6% and the NASDAQ Composite at -7.1%. The U.S. Federal Reserve Bank held rates steady at each of their January and March meetings. The U.S. yield curve flattened as rates rose more at the short end than the long end, all rates along the curve ended higher. Two-year yields increased 0.33%, five-year yields rose 0.23%, 10-year yields rose 0.16%, and 30-year yields barely inched higher at +0.05% during the first quarter of 2026. Bond prices move opposite yields. With higher short-end rates, nearly all fixed income sectors enjoyed positive total and excess returns versus U.S. Treasury bonds for the three months of 2026. Corporate bonds had the only negative returns versus duration-neutral U.S. Treasury bonds. MBS (mortgage-backed securities) had the most positive returns relative to duration-neutral U.S. Treasury bonds. CMBS (commercial mortgage-backed securities) and ABS (asset-backed securities) had the next most positive returns relative to U.S. Treasury bonds, while agency debt had slightly positive returns versus U.S. Treasury bonds. Within the mortgage market, Ginnie Mae (GNMA) led Fannie Mae (FNMA), which led Freddie Mac (FHLMC). All had positive total returns and excess returns versus duration-neutral U.S. Treasury bonds for the second consecutive quarter. Our largest allocation, ...
Giving news websites the power to block their content from being used in AI summaries will have global ramifications The UK’s competition watchdog has ordered Google to change how it uses publishers’ content in its AI-powered search results, in a move that will have global ramifications. The Competition and Markets Authority (CMA) is using powers that allow it to set bespoke rules for major tech f...
Giving news websites the power to block their content from being used in AI summaries will have global ramifications The UK’s competition watchdog has ordered Google to change how it uses publishers’ content in its AI-powered search results, in a move that will have global ramifications. The Competition and Markets Authority (CMA) is using powers that allow it to set bespoke rules for major tech firms that it deems to have “strategic market status”. Google, the world’s largest search engine, is one of those companies. Continue reading...
Chiffre d’affaires brut de 47,04 millions de dollars et coût en numéraire de 1 390 dollars/once Chiffre d’affaires brut de 47,04 millions de dollars et coût en numéraire de 1 390 dollars/once
Chiffre d’affaires brut de 47,04 millions de dollars et coût en numéraire de 1 390 dollars/once Chiffre d’affaires brut de 47,04 millions de dollars et coût en numéraire de 1 390 dollars/once
Bruttoeinnahmen von 47,04 Mio. USD und Barmittelkosten von 1.390 USD je Unze Bruttoeinnahmen von 47,04 Mio. USD und Barmittelkosten von 1.390 USD je Unze
Bruttoeinnahmen von 47,04 Mio. USD und Barmittelkosten von 1.390 USD je Unze Bruttoeinnahmen von 47,04 Mio. USD und Barmittelkosten von 1.390 USD je Unze
Is there any hotter name on Wall Street right now than SpaceX? The Elon Musk-led space and rocket launch services juggernaut is preparing to go public, and it could be the largest initial public offering (IPO) in history. SpaceX could reportedly go public at a valuation of $1.8 trillion, instantly making it one of the world's largest companies. It would put it ahead of Eli Lilly (NYSE: LLY) , the ...
Is there any hotter name on Wall Street right now than SpaceX? The Elon Musk-led space and rocket launch services juggernaut is preparing to go public, and it could be the largest initial public offering (IPO) in history. SpaceX could reportedly go public at a valuation of $1.8 trillion, instantly making it one of the world's largest companies. It would put it ahead of Eli Lilly (NYSE: LLY) , the pharmaceutical giant that has become the leader in obesity drugs. That's not to knock Eli Lilly, which happens to be a behemoth in its own right, carrying a market cap just over $1 trillion today. What does SpaceX have to do with Eli Lilly? There's a hot take cooking. Continue reading
Phia’s Phoebe Gates with 37 East 18th Street (Getty, LinkedIn, Google Maps)Phoebe Gates’ fast-growing AI shopping startup has found a new home in the Flatiron District. Phia, the AI-powered price comparison platform founded by Microsoft co-founder Bill Gates’ youngest daughter and her Stanford classmate Sophia Kianni, signed a lease for the 8,900-square-foot penthouse at 37 East 18th Street, The R...
Phia’s Phoebe Gates with 37 East 18th Street (Getty, LinkedIn, Google Maps)Phoebe Gates’ fast-growing AI shopping startup has found a new home in the Flatiron District. Phia, the AI-powered price comparison platform founded by Microsoft co-founder Bill Gates’ youngest daughter and her Stanford classmate Sophia Kianni, signed a lease for the 8,900-square-foot penthouse at 37 East 18th Street, The Real Deal has learned. The length of the lease and asking rent at the newly redeveloped office buildi
C.H. Robinson Worldwide ( CHRW ) announced on Wednesday that the company built the first AI technology designed to both operate a shipper’s global supply chain and also continuously assess and improve its performance. The company's Lean AI Engineer was noted to have the ability to assess an entire supply chain in 25 to 30 minutes and determine improvements before performance is impacted. That comp...
C.H. Robinson Worldwide ( CHRW ) announced on Wednesday that the company built the first AI technology designed to both operate a shipper’s global supply chain and also continuously assess and improve its performance. The company's Lean AI Engineer was noted to have the ability to assess an entire supply chain in 25 to 30 minutes and determine improvements before performance is impacted. That compares favorably to other supply chain assessments that typically take up to four weeks and look backward at what has happened instead of what should happen. In addition to the insights from the Lean AI Engineer, C.H. Robinson's ( CHRW ) Lean AI Planner manages shipments through hundreds of interconnected AI agents and in turn feeds more data back to the Lean AI Engineer to develop even smarter refinements. C.H. Robinson Worldwide ( CHRW ) management said the breakthrough is that the tech is one closed-loop AI system that will run continuously, improve the operation it’s running, and heal itself when something breaks, without an alert or a human noticing a problem first. The technology is autonomously handling 92% of 4PL shipments globally across trucking, ocean, air, and rail, from the moment an order is created through tendering, routing, delivery, exceptions, and carrier payment. "As with all AI, success depends on the data and context the system has access to. With 450 in-house software engineers and data scientists, the proprietary context layer of C.H. Robinson’s AI was built by methodically capturing institutional knowledge from workflows and the company’s seasoned freight experts and feeding it to the model on an ongoing basis," highlighted CHRW. More on C.H. Robinson Worldwide C.H. Robinson Worldwide, Inc. (CHRW) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript C.H. Robinson Worldwide, Inc. (CHRW) Q1 2026 Earnings Call Transcript C.H. Robinson Worldwide, Inc. 2026 Q1 - Results - Earnings Call Presentation GE Vernova, Bo...
SpaceX charges toward a blockbuster IPO at $135 a share, while Ray Dalio warns the AI boom is showing classic bubble behavior. Private equity jitters grow as Partners Group caps fund withdrawals. We get insight from Ares Management co-founder and CEO Michael Arougheti who says the private credit market remains strong. Citizens CEO Bruce Van Saun joins "Bloomberg Open Interest" on AI’s banking revo...
SpaceX charges toward a blockbuster IPO at $135 a share, while Ray Dalio warns the AI boom is showing classic bubble behavior. Private equity jitters grow as Partners Group caps fund withdrawals. We get insight from Ares Management co-founder and CEO Michael Arougheti who says the private credit market remains strong. Citizens CEO Bruce Van Saun joins "Bloomberg Open Interest" on AI’s banking revolution, and we explore why private equity is making a massive bet on tennis. Get a jump start on the US trading day with Matt Miller and Dani Burger on Bloomberg Open Interest. (Source: Bloomberg)
U. J. Alexander/iStock Editorial via Getty Images The European Commission said Wednesday it approved the acquisition of BASF's ( BASFY ) ( BFFAF ) coatings division by U.S. private equity firm Carlyle Group ( CG ), subject to agreed conditions including the divestment of Nouryon's worldwide polysulfides business, including its production plant and related assets, to a suitable purchaser. The commi...
U. J. Alexander/iStock Editorial via Getty Images The European Commission said Wednesday it approved the acquisition of BASF's ( BASFY ) ( BFFAF ) coatings division by U.S. private equity firm Carlyle Group ( CG ), subject to agreed conditions including the divestment of Nouryon's worldwide polysulfides business, including its production plant and related assets, to a suitable purchaser. The commission had raised concerns that the deal could harm competition in the aerospace sealants market and provide access to competitors' sensitive business information, potentially giving the merged group an unfair advantage. As one of only two global suppliers of polysulfides—a critical ingredient in aerospace sealants—Nouryon could have allowed the combined company to limit competitors' access to essential materials, the EC said. BASF ( BASFY ) ( BFFAF ) announced the coatings division sale in October , valuing the business at ~€7.7B ($8.96B) including debt; under the deal terms, BASF agreed to keep a 40% stake in the newly formed company. The coatings business includes Germany's struggling automakers among its most important clients; the unit has more than 10K employees and generates €3.8B in annual revenues. More on BASF BASF Presents at 21st Annual Global Farm to Market Conference - Slideshow BASF Q1 2026 Earnings Call Presentation BASF: Trading Below Intrinsic Value, But Facing Risks