Glendon Capital co-founder Holly Kim explains why the private credit industry stands to see a big “backlog of defaults” away from any economic dislocations or any other inflation-related economic inputs. She speaks at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
Glendon Capital co-founder Holly Kim explains why the private credit industry stands to see a big “backlog of defaults” away from any economic dislocations or any other inflation-related economic inputs. She speaks at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
A study of analyst recommendations at the major brokerages shows that First Majestic Silver Corp (Symbol: AG) is the #26 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channe
A study of analyst recommendations at the major brokerages shows that First Majestic Silver Corp (Symbol: AG) is the #26 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channe
Gold's price hit a record high of nearly $5,600 per troy ounce in January. It's pulled back to about $4,500 as of this writing, but it's still more than doubled since the end of 2023. The Federal Reserve's six consecutive rate cuts in 2024 and 2025, which reduced its benchmark rate from 4.75%-5.00% to 3.50%-3.75%, drove gold higher by weakening the U.S. dollar. That trend drove more investors to b...
Gold's price hit a record high of nearly $5,600 per troy ounce in January. It's pulled back to about $4,500 as of this writing, but it's still more than doubled since the end of 2023. The Federal Reserve's six consecutive rate cuts in 2024 and 2025, which reduced its benchmark rate from 4.75%-5.00% to 3.50%-3.75%, drove gold higher by weakening the U.S. dollar. That trend drove more investors to buy gold as a hedge against a weaker dollar. Image source: Getty Images. Continue reading
primeimages/E+ via Getty Images CPZ is an innovative solution for investors seeking income and capital appreciation in a complex and volatile financial world. A cornerstone long/short equity strategy works together with a preferred security and fixed-income strategy. This blending of global asset strategies offers a unique risk-adjusted solution in the closed-end fund space. Fund is designed to we...
primeimages/E+ via Getty Images CPZ is an innovative solution for investors seeking income and capital appreciation in a complex and volatile financial world. A cornerstone long/short equity strategy works together with a preferred security and fixed-income strategy. This blending of global asset strategies offers a unique risk-adjusted solution in the closed-end fund space. Fund is designed to weather and capitalize on market complexities and dislocations. Investment team prioritizes the delivery of healthy distributions, while seeking risk-adjusted capital appreciation. Current Annualized Distribution Rate* 12.38% * Current Annualized Distribution Rate is the Fund's most recent distribution, expressed as an annualized percentage of the Fund's current market price per share. Information regarding the Fund's most recent distribution can be found in the table titled "Distribution Details," which follows. Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis but should not be used for tax reporting purposes. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters. Under the managed rate distribution policy of CPZ, the distributions paid to common shareholders may include net investment income, net realized short-term capital gains and return of capital. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. Distribution rate may vary. Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares as well as fluctuations in the variable rates of t...
imaginima/iStock via Getty Images Kenon Holdings ( KEN ) down 5.3% in Wednesday's trading after saying its OPC Energy subsidiary arranged ~$1.7B in construction financing and an engineering, procurement, and construction contract for the Hadera power plant expansion project in Israel. The expansion is a combined-cycle natural gas plant with an estimated capacity of ~850 MW, to be built on land adj...
imaginima/iStock via Getty Images Kenon Holdings ( KEN ) down 5.3% in Wednesday's trading after saying its OPC Energy subsidiary arranged ~$1.7B in construction financing and an engineering, procurement, and construction contract for the Hadera power plant expansion project in Israel. The expansion is a combined-cycle natural gas plant with an estimated capacity of ~850 MW, to be built on land adjacent to OPC Energy's existing Hadera power plant. The EPC agreement with a joint venture contractor covers turnkey, lump-sum construction, with combined EPC and key equipment costs comprising ~60% of the total estimated construction cost of $1.7B-$1.8B; under the EPC agreement, completion of construction is scheduled for 2030. Earlier this week , Kenon ( KEN ) reported Q1 net profit fell to $14M from $25M in the year-ago quarter, while adjusted EBITDA rose to $124M from $113M and revenues jumped to $317M from $183 a year earlier. More on Kenon Holdings Kenon Holdings: Decent NAV Discount, But Underlying Is Expensive Kenon: Growth On The Horizon, But Upside May Be Fully Priced (Rating Downgrade) Financial information for Kenon Holdings
monsitj/iStock via Getty Images March's decline for Credo Technology Group Holding Ltd. ( CRDO ) turned out to be a blessing in disguise since within two months, the stock more than doubled after investors started realizing the significance of the company in terms of AI networking and connectivity. According to Nvidia's ( NVDA ) latest roadmap, one of the next big bottlenecks in building AI factor...
monsitj/iStock via Getty Images March's decline for Credo Technology Group Holding Ltd. ( CRDO ) turned out to be a blessing in disguise since within two months, the stock more than doubled after investors started realizing the significance of the company in terms of AI networking and connectivity. According to Nvidia's ( NVDA ) latest roadmap, one of the next big bottlenecks in building AI factories will be network and data transport, optics, and reliable connectivity. Credo, whose optical revenues are expected to exceed $600 million in FY2027, is evolving from being a supplier of AECs to becoming a platform for AI infrastructure connectivity. Under this optimistic scenario, Credo may be on the cusp of entering another growth period, potentially much bigger than the previous one. The AI Bottleneck Is Shifting To Credo's Core Business Despite the $437 million revenue quarter and the expectation of more than 80% growth in 2027, the most significant takeaway of Credo's Q4 earnings report was that AI infrastructure is shifting bottlenecks from computing resources to connectivity, reliability, and data movement, just like Nvidia said at the GTC and Computex conferences. Earnings Press For a long time, GPUs have been considered the most critical element of AI infrastructure. As Nvidia's roadmaps show, the next AI bottleneck is likely to become connectivity, memory bandwidth, optical interfaces, and even the architectural efficiency of AI factories themselves as clusters grow to hundreds of thousands of GPUs. This is where Credo becomes an interesting story. Management sees over $600 million of optical revenue in fiscal 2027, expecting all three types of products, optical DSP, silicon photonics PIC, and Zero Flap Optics, to drive more than $100 million each. Taking into account the DustPhotonics acquisition, Credo is evolving from an AEC supplier to a connectivity company that has exposure to different types of silicon. Looking forward, the key indicator in Credo's next p...
(RTTNews) - The Canadian market is down firmly in negative territory on Wednesday, weighed down by concerns about tensions in the Middle East, and largely contrasting reports about peace talks between the U.S. and Iran.
(RTTNews) - The Canadian market is down firmly in negative territory on Wednesday, weighed down by concerns about tensions in the Middle East, and largely contrasting reports about peace talks between the U.S. and Iran.
A share of the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) closed at $226.42 on May 29, 2025. One year later, on May 29, 2026, it closed at $613.05, a 171% gain on a fund that markets itself, accurately, as a boring equal-weight basket of US chip stocks. If you put $10,000 into XSD the morning after ... A Boring Chip ETF Quietly Tripled in Value During the AI Boom
A share of the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) closed at $226.42 on May 29, 2025. One year later, on May 29, 2026, it closed at $613.05, a 171% gain on a fund that markets itself, accurately, as a boring equal-weight basket of US chip stocks. If you put $10,000 into XSD the morning after ... A Boring Chip ETF Quietly Tripled in Value During the AI Boom
It makes sense to want to invest in a dividend exchange-traded fund (ETF) primarily for its dividend yield. After all, that's generally what separates them from other non-dividend-focused ETFs. That said, a dividend ETF's current yield isn't generally what matters most in the long run. Of the five dividend ETFs with the most assets under management (AUM), the Vanguard Dividend Appreciation ETF (NY...
It makes sense to want to invest in a dividend exchange-traded fund (ETF) primarily for its dividend yield. After all, that's generally what separates them from other non-dividend-focused ETFs. That said, a dividend ETF's current yield isn't generally what matters most in the long run. Of the five dividend ETFs with the most assets under management (AUM), the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) has the second-lowest yield, even though it's the largest ETF in the bunch. Data sources: YCharts and VettaFi. Dividend yields as of market open on April 1. AUM=assets under management. Continue reading
The non-executive chairman of Hong Kong rail giant the MTR Corporation has been elected as the new head of the city’s largest business chamber for a one-year term. Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in the city’s economic development. Kam, previously the chamber’...
The non-executive chairman of Hong Kong rail giant the MTR Corporation has been elected as the new head of the city’s largest business chamber for a one-year term. Jacob Kam Chak-pui, 64, took over as chairman of the Hong Kong General Chamber of Commerce on Wednesday following an election among members, expressing “strong confidence” in the city’s economic development. Kam, previously the chamber’s vice-chairman, said he believed the market outlook was rebounding as the global macroeconomic...
jetcityimage Ulta Beauty ( ULTA ) delivered on its Beauty Reimagined strategy in the first quarter with solid comparable store sales (though with the bulk occurring in February), a top- and bottom-line beat, and raised full-year guidance, underscoring the resilience of the beauty category despite pressure on discretionary spending. “Growth in the beauty category remains healthy, even as consumers ...
jetcityimage Ulta Beauty ( ULTA ) delivered on its Beauty Reimagined strategy in the first quarter with solid comparable store sales (though with the bulk occurring in February), a top- and bottom-line beat, and raised full-year guidance, underscoring the resilience of the beauty category despite pressure on discretionary spending. “Growth in the beauty category remains healthy, even as consumers are increasingly value-focused,” Ulta ( ULTA ) CEO Kecia Steelman acknowledged on the company’s first quarter earnings call , adding that while the company is mindful of the macro landscape, Ulta “remains execution-focused and confident we will deliver our fiscal 2026 expectations.” Wall Street analysts largely agree that Q1 results were solid and the company demonstrated consistent sales, cost discipline, and profitable growth. But FY26 guidance has raised concerns and could explain the reversal in the stock price during Wednesday’s trading session. Morgan Stanley’s Simeon Gutman believes limited guidance flow through from the sizable EPS beat and tougher second-half comparisons “raises questions around the extent of second-half earnings delivery.” “The unchanged outlook reflects a degree of conservatism amid a cautious consumer backdrop and ongoing macro uncertainty,” Gutman says in his note to clients. “The category remains competitive, and the [same store sales] compares get tougher from here for Ulta,” agrees Citi Research analyst Steven Zaccone. UBS analyst Michael Lasser also sees guidance as a reason for concern, specifically the trajectory of comparable store sales, expected to slow from Q1. While investors will view this as a competitive issue, however, Lasser assures that even if concerns around competition intensify, “Ulta has a unique positioning that should enable it to succeed over time. Plus, the retailer has tools and levers at its disposal to fortify and solidify its overall position within the beauty market,” Even with concerns over whether Ulta ( ULTA ) ...