Tom Werner/DigitalVision via Getty Images Investment Thesis I rate Covista Inc. ( CVSA ) with a Hold. The company is a good healthcare education compounder, but not a clear investment case at these price levels. It has repositioned itself around nursing, online graduate education, and medical training, with substantial AI-related investments in partnership with Google Cloud and continued enrollmen...
Tom Werner/DigitalVision via Getty Images Investment Thesis I rate Covista Inc. ( CVSA ) with a Hold. The company is a good healthcare education compounder, but not a clear investment case at these price levels. It has repositioned itself around nursing, online graduate education, and medical training, with substantial AI-related investments in partnership with Google Cloud and continued enrollment growth, especially in the Walden and Medical & Veterinary segments. The adjusted EBITDA is growing, together with stronger cash flow and management’s guidance. However, the relative valuation is tempering the fundamentally bullish case, as CVSA is trading around the core peer median of FWD P/E and LTM EV/EBITDA, while trading above the median for EV/FCFF. What does it mean? The market is likely already pricing in a good part of the growth story. If we compare the stock with PRDO and STRA, CVSA will need to keep delivering this execution on enrollment growth and margin expansion, together with a sustained cash conversion to justify the current multiples. Industry and Business Introduction Covista, Inc., formerly known as Adtalem Global Education, is the biggest player in the healthcare education system in the US, operating Chamberlain University, Walden University, American University of the Caribbean School of Medicine, and Ross University School of Medicine/Veterinary Medicine. The company reports three operating segments , which are Chamberlain, Walden, and Medical & Veterinary. In terms of the company’s model, it is primarily driven by tuition fees, with the revenues that are recognised as soon as the instruction service is delivered. However, the company’s value proposition is much broader than a simple degree delivery, with Covista aiming to monetise the structural labour shortage in the healthcare sector by instructing nurses, physicians, veterinarians, and other health professionals at scale and linking this pipeline of new-generation talents directly to the health...
S&P 500 Index futures are little changed as of 7:50 a.m. in New York as growing strains on the ceasefire between the US and Iran sent oil prices higher. Nasdaq 100 futures rise 0.2% Dow Jones Industrial Average futures are down 0.2% The MSCI World Index is little changed Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Meta Platforms (META) +0.6%, Apple (AAPL) -0.2...
S&P 500 Index futures are little changed as of 7:50 a.m. in New York as growing strains on the ceasefire between the US and Iran sent oil prices higher. Nasdaq 100 futures rise 0.2% Dow Jones Industrial Average futures are down 0.2% The MSCI World Index is little changed Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Meta Platforms (META) +0.6%, Apple (AAPL) -0.2%, Alphabet (GOOGL) -0.7%, Amazon (AMZN) -0.05%, Nvidia (NVDA) +0.3%, Microsoft (MSFT) +0.2%, Tesla (TSLA) -0.7% Cognyte Software (CGNT) slumps 21% after the Israeli company posted disappointing first quarter earnings. GameStop (GME) is up 13% after the video game retailer reported net sales for the first quarter of $835.3 million, marking a 14% increase from the year prior. The company also said its board approved a discretionary $2 billion share repurchase authorization. Macy’s (M) climbs 3% after the department-store operator boosted its adjusted earnings per share forecast for the full year. Marvell Technology (MRVL) gains 10%, putting the stock on track to extend Tuesday’s 33% rally, after Nvidia CEO Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a $1 trillion valuation. Medtronic (MDT) rises 2% after posting fourth quarter revenue that beat expectations. Palo Alto Networks (PANW) falls 2% after the security software company reported results following a 61% year-to-date rally. Sherwin-Williams (SHW) climbs 3% after the company and Nippon Paint abandoned efforts to acquire the Dutch paintmaker Akzo Nobel. Sprinklr (CXM) falls 3% after the software company trimmed its full-year revenue outlook.
In the past we have seen this type of euphoria in the stock market, where markets gain momentum and nothing can stop it. As investors, its an enjoyable ride, but you also want to be cautious with certain positions in case valuations are getting out of touch with reality. In today's video I will talk about this very situation in which I believe a pullback is warranted, but the momentum is just too ...
In the past we have seen this type of euphoria in the stock market, where markets gain momentum and nothing can stop it. As investors, its an enjoyable ride, but you also want to be cautious with certain positions in case valuations are getting out of touch with reality. In today's video I will talk about this very situation in which I believe a pullback is warranted, but the momentum is just too strong right now. The S&P 500 (NYSEMKT: SPY) has bounced strongly off the lows of March. Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. Continue reading
President tells podcast that vice-president and secretary of state ‘would be very hard to beat’ if they ran together in 2028 The Democrats to watch after Tuesday’s primaries A set of sweeping policy changes unveiled by the White House would leave officials appointed by Donald Trump vetting every public grant issued to universities and nongovernmental organizations on the basis of their fidelity to...
President tells podcast that vice-president and secretary of state ‘would be very hard to beat’ if they ran together in 2028 The Democrats to watch after Tuesday’s primaries A set of sweeping policy changes unveiled by the White House would leave officials appointed by Donald Trump vetting every public grant issued to universities and nongovernmental organizations on the basis of their fidelity to “American values”, as defined by the president, triggering widespread concern. All federal grants approved by Trump’s political appointees must “demonstrably advance the president’s policy priorities”, according to a lengthy proposal published by the office of management and budget (OMB). Continue reading...
Olivier Le Moal/iStock via Getty Images Market Overview Global fixed income markets faced a more challenging backdrop in the first quarter of 2026, as the inflation shock from the war in Iran reset monetary policy expectations and shifted government bond yields higher across the curve. Credit spreads came under pressure as risk premiums widened later in the quarter, though hopes for a ceasefire li...
Olivier Le Moal/iStock via Getty Images Market Overview Global fixed income markets faced a more challenging backdrop in the first quarter of 2026, as the inflation shock from the war in Iran reset monetary policy expectations and shifted government bond yields higher across the curve. Credit spreads came under pressure as risk premiums widened later in the quarter, though hopes for a ceasefire limited the extent of the move. Agency mortgage-backed securities outperformed despite elevated rate volatility. Performance Summary The Hartford Strategic Income ETF underperformed the Bloomberg US Aggregate Bond Index driven by spread widening across most fixed income credit sectors. The Fund's positioning in high yield had a negative effect on relative performance overall, while exposure to bank loans also detracted from relative results. The Fund's allocation to convertible bonds, focused on digitization and healthcare innovation themes, also hurt relative returns. The Fund's underweight in investment-grade corporates benefited relative performance. The Fund's select exposure to emerging markets (EM) corporate debt detracted from relative performance, while EM sovereign and local debt had a close to neutral impact. The Fund's allocation to securitized sectors had a mixed impact on relative performance. Non-agency residential mortgage-backed securities (NA RMBS) and CMBS had favorable impacts on results, while ABS exposure and positioning in agency MBS passthroughs hurt results during the quarter. Duration/ yield curve positioning relative to the benchmark modestly hurt results amid the increase in government bond yields. Positioning & Outlook Much of the market's risk premia related to deficits, fiscal sustainability, and US dollar dominance has concentrated in long-dated real yields, rather than in inflation breakevens. We view this as creating relative value at the long end of the curve, even as near-term real rates have eased and financial conditions remain relatively ...
Accel Entertainment ( ACEL ) said that its subsidiary Toucan Gaming acquired the assets of Rice Palace and South Louisiana Gaming, the owner and operator of Rice Palace Truck Stop Casino, a premier video poker casino and truck stop business based in Crowley, Louisiana . The deal adds a licensed truck stop gaming location to Accel’s ( ACEL ) portfolio and aligns with its broader strategy of scaling...
Accel Entertainment ( ACEL ) said that its subsidiary Toucan Gaming acquired the assets of Rice Palace and South Louisiana Gaming, the owner and operator of Rice Palace Truck Stop Casino, a premier video poker casino and truck stop business based in Crowley, Louisiana . The deal adds a licensed truck stop gaming location to Accel’s ( ACEL ) portfolio and aligns with its broader strategy of scaling operations. The financial terms of the Rice Palace transaction were not disclosed. More on Accel Entertainment Accel Entertainment: All Eyes On Chicago Accel Entertainment, Inc. 2026 Q1 - Results - Earnings Call Presentation Accel Entertainment, Inc. (ACEL) Q1 2026 Earnings Call Transcript Accel anticipates first Chicago locations could go live in late 2026 or Q1 2027 as it highlights record $352M Q1 revenue Top-rated casino and gaming stocks amid looming prediction market sports betting ban
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Mothercare PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK...
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Mothercare PLC1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acqu
ABB has announced an expansion of its collaboration with NVIDIA to enhance AI infrastructure deployment. This initiative involves integrating ABB's power systems as SimReady™ 3D digital assets into NVIDIA's Omniverse DSX Blueprint, allowing data center operators to efficiently model, validate, and optimize power distribution systems digitally before construction begins. The integration aims to str...
ABB has announced an expansion of its collaboration with NVIDIA to enhance AI infrastructure deployment. This initiative involves integrating ABB's power systems as SimReady™ 3D digital assets into NVIDIA's Omniverse DSX Blueprint, allowing data center operators to efficiently model, validate, and optimize power distribution systems digitally before construction begins. The integration aims to streamline the design and deployment of AI data centers by enabling the validation of electrical,...
(RTTNews) - Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahe
(RTTNews) - Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahe
UK fintech Revolut's ( REVOLUT ) U.S. bank is set to offer FDIC-insured products, such as high-yield investment and checking accounts, Cetin Duransoy, CEO of the U.S. unit, told Reuters. Additionally, the company's clients are expected to have access to stablecoins, deposits in different currencies, and trading in stocks or cryptocurrencies. Revolut filed applications for a U.S. national bank cha...
UK fintech Revolut's ( REVOLUT ) U.S. bank is set to offer FDIC-insured products, such as high-yield investment and checking accounts, Cetin Duransoy, CEO of the U.S. unit, told Reuters. Additionally, the company's clients are expected to have access to stablecoins, deposits in different currencies, and trading in stocks or cryptocurrencies. Revolut filed applications for a U.S. national bank charter in March, and is expected to start operations in the country next year, with headquarters in Stamford, Connecticut, and an office in New York, Duransoy reportedly said. The bank will have ATM networks but no branches, the report published on Wednesday showed. More on Revolut Ltd Revolut applies for U.S. bank charter as part of global expansion Financial information for Revolut Ltd
(RTTNews) - Investment manager Wellington Management on Wednesday said it has agreed to acquire Hartford Funds from Hartford Financial Services Group Inc. (HIG) in a deal with an estimated net present value of $1.9 billion.
(RTTNews) - Investment manager Wellington Management on Wednesday said it has agreed to acquire Hartford Funds from Hartford Financial Services Group Inc. (HIG) in a deal with an estimated net present value of $1.9 billion.
Metallic Minerals ( MMNGF ) announced on Wednesday that the company has increased the gross proceeds of its previously announced “bought deal” private placement from C$8M to C$10M. The company said it has entered into an amended agreement with Red Cloud Securities, pursuant to which the underwriters have agreed to purchase for resale 17.86M units at a price of C$0.28 per unit for gross proceeds of...
Metallic Minerals ( MMNGF ) announced on Wednesday that the company has increased the gross proceeds of its previously announced “bought deal” private placement from C$8M to C$10M. The company said it has entered into an amended agreement with Red Cloud Securities, pursuant to which the underwriters have agreed to purchase for resale 17.86M units at a price of C$0.28 per unit for gross proceeds of C$5M from the sale of units. Additionally, underwriters have agreed to purchase 12.99M flow-through units of the company at a price of C$0.385 per charity FT unit for gross proceeds of C$5M from the sale of Charity FT Units. Each unit will consist of one common share and one-half of one common share purchase warrant. Additionally, each charity FT Unit will consist of one common share and one-half of one common share purchase warrant. The company highlighted that each whole unit warrant and charity FT unit warrant shall entitle the holder to purchase one common share of the company on a non-flow-through basis at C$0.40 at any time during the period beginning on the date that is 61 days following the closing date and ending on the date that is 36 months following the closing date. The Company will grant to the underwriters an option, exercisable in full or in part, up to 48 hours before the closing date, to purchase for resale up to that number of additional offered securities in any combination of units and charity FT units at their respective offering prices for additional gross proceeds of up to C$2M. The company said it intends to use the net proceeds from the sale of units for the exploration and advancement of its La Plata Project in southwestern Colorado , as well as for general corporate purposes and working capital. The gross proceeds from the sale of Charity FT Units will be used by the company to incur eligible "Canadian exploration expenses" related to its Keno Silver Project in the Yukon Territory on or before December 31, 2027. All qualifying expenditures will ...