Patamaporn Umnahanant/iStock via Getty Images Our readers know that we have good coverage of EU banks & diversified financials (with a strong focus on Italy). Today, we initiate coverage of Azimut Holding S.p.A. ( AZIHF ), a company that remains excluded from the Italian M&A aggregation that is moving on. The company has been listed on the Milan stock exchange since July 2004. It runs an asset man...
Patamaporn Umnahanant/iStock via Getty Images Our readers know that we have good coverage of EU banks & diversified financials (with a strong focus on Italy). Today, we initiate coverage of Azimut Holding S.p.A. ( AZIHF ), a company that remains excluded from the Italian M&A aggregation that is moving on. The company has been listed on the Milan stock exchange since July 2004. It runs an asset management business with a proprietary network of financial advisors (in numbers, total AuM are set at €144 billion - Fig. 1). Since 2011, the company has expanded internationally and is now one of Italy's largest independent asset managers (meaning it is not directly linked to a bank). Azimut AuM Fig 1 Why Are We Positive? Even though this is the first time we are providing a detailed analysis of Azimut, we are already investors, and there is significant upside to be priced in. Over the years, the company has grown its reputation and expanded its reach beyond Italy, reporting growing AuM. Q1 commercial activity remained robust, with positive inflows of €4.6 billion (Fig. 1), nearly half of which were generated by international operations. This confirmed that Azimut aims to be a global platform. Compared with Q1 2025 results, AuM grew by 32% in private market solutions, which continue to attract demand. This is key to the report. Attracting investors to private deals increases fee generation and client duration (given that private equity and credit vehicles are closed-end with a life duration of at least 10 years). The company reported Q1 top-line sales of €371 million, up from €321 million in Q1 2025. Recurring fees increased by 14% annually to €319 million (Fig. 2). This well supports operating profit generation, which reached €164 million. For the above reason, Azimut management confirmed its full-year 2026 outlook, with €10 billion in net inflows and €550 million in net profit. Azimut Q1 Results in a Snap Fig 2 From a balance sheet perspective, the company is in a strong f...
Investors in Jabil Inc (Symbol: JBL) saw new options begin trading today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the JBL options chain for the new August 28th contracts and identified one put and one call contrac
Investors in Jabil Inc (Symbol: JBL) saw new options begin trading today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the JBL options chain for the new August 28th contracts and identified one put and one call contrac
Investors in Boston Scientific Corp. (Symbol: BSX) saw new options become available today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BSX options chain for the new August 28th contracts and identified one put and
Investors in Boston Scientific Corp. (Symbol: BSX) saw new options become available today, for the August 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BSX options chain for the new August 28th contracts and identified one put and
Chevron is likely to be a big beneficiary if tensions between Iran and the U.S. remain elevated and the Strait of Hormuz is closed once again, according to Bank of America. The bank has a buy rating on the oil and gas name. It also has a $210 price target on shares, suggesting 19% upside from Wednesday's close. "CVX is our preferred way to play [increased oil prices] … integrateds are pricing in <...
Chevron is likely to be a big beneficiary if tensions between Iran and the U.S. remain elevated and the Strait of Hormuz is closed once again, according to Bank of America. The bank has a buy rating on the oil and gas name. It also has a $210 price target on shares, suggesting 19% upside from Wednesday's close. "CVX is our preferred way to play [increased oil prices] … integrateds are pricing in < $70/bbl LT Brent, which we see as a particularly attractive entry point, analyst Jean Ann Salisbury said Wednesday in a note to clients. "We prefer CVX to XOM given its Venezuela presence, lack of Middle East exposure, and higher earnings torque to the shifts upward in prices in 2026/27." Shares of Chevron are up roughly 15% year to date as the Iran war sent crude prices skyrocketing. At the core of the conflict is control of the Strait of Hormuz, a waterway that controls roughly 20% of global oil shipments . CVX YTD mountain CVX year to date Brent futures have surged 26% in 2026, along with West Texas Intermediate futures. They also popped earlier this week after President Donald Trump announced the ceasefire between the U.S. and Iran was "over." They dipped slightly on Thursday, but BofA thinks prices will stay elevated as the U.S. continues to brush off efforts to settle its campaign against Iran. "Medium term restocking demand should support a$70/bbl level, assuming that the strait reopening is not essentially flawless from here, which seems like a safe assumption (at least as of today)," Salisbury wrote. And while there remains a large amount of announced crude potentially coming out of the Middle East in the near future, the delivery of those shipments depends largely on Iran tensions relaxing, "which looks less likely," the analyst added. Bank of America's rating falls in line with consensus on Wall Street. Of the 26 analysts covering Chevron, 21 have a buy or strong buy rating on the stock.
Investing.com - SK Hynix, the world’s leading producer of DRAM memory chips and one of key "AI companies," is set to price its blockbuster U.S. offering on Thursday. The ADRs of the Seoul-listed firm are expected to begin trading on Nasdaq Friday, under the ticker "SKHY."
Investing.com - SK Hynix, the world’s leading producer of DRAM memory chips and one of key "AI companies," is set to price its blockbuster U.S. offering on Thursday. The ADRs of the Seoul-listed firm are expected to begin trading on Nasdaq Friday, under the ticker "SKHY."
The nominations for Labour leader have now opened, and famously, there is only one candidate: Andy Burnham. His devolution-heavy domestic agenda is well known. But he has never held a foreign or defense-related post, and so his views on the global situation are far less established. The man he is expected to replace, Keir Starmer, came to find refuge on the international stage, and indeed, is exit...
The nominations for Labour leader have now opened, and famously, there is only one candidate: Andy Burnham. His devolution-heavy domestic agenda is well known. But he has never held a foreign or defense-related post, and so his views on the global situation are far less established. The man he is expected to replace, Keir Starmer, came to find refuge on the international stage, and indeed, is exiting nervous that his impact there will not last . Today, Burnham is trying to remedy this. In an essay written in a deliberately prime ministerial register, the former mayor of Greater Manchester seeks to marry his domestic and international agendas. He talks about how he wants “reindustrialization through defense” and to channel more defense spending to British firms. That sounds pleasingly close to the thrust of Canadian Prime Minister Mark Carney’s “build, partner, buy” effort, but I hope he follows it in more ways than one. Canada is about to award an elephantine submarine contract to the German company TKMS . In order to win that contract, the shortlisted firms had to promise a host of other benefits to Canada across artificial intelligence, space, critical minerals and sustainable supply chains. I like this type of twofer public policy, using defense procurement to tool up your nation in other ways. And with Canada at the forefront, I enjoy reading Bloomberg senior editor Laura Dhillon Kane in Ottawa to keep across it. Kane sums up the Canadian modus operandi as “build domestically where possible, partner with allies when necessary and buy abroad when it’s possible to also gain investment in the Canadian economy.” Team Burnham, take note of that last one. All that said, right now the UK is in something of a standoff with Canada over the best vehicle for NATO defense financing amid fears of a US retreat under Donald Trump. One immediate priority for Burnham will be resolving it. He certainly needs to make every pound of hard-won defense expenditure sweat. Bloomberg rep...
Alsu Faskhieva/iStock via Getty Images Shares of Forte Biosciences ( FBRX ) climbed on Thursday after the company posted early-stage trial results indicating that its lead asset, FB102, led to a statistically significant improvement in vitiligo symptoms as early as nine weeks. The primary endpoint of the 43-subject placebo-controlled trial was related to a clinical measure called the Facial Vitili...
Alsu Faskhieva/iStock via Getty Images Shares of Forte Biosciences ( FBRX ) climbed on Thursday after the company posted early-stage trial results indicating that its lead asset, FB102, led to a statistically significant improvement in vitiligo symptoms as early as nine weeks. The primary endpoint of the 43-subject placebo-controlled trial was related to a clinical measure called the Facial Vitiligo Area Scoring Index. According to the company, the trial succeeded, as the average FVASI improvement from baseline reached 29.6% in week 24 with a statistically significant effect. Patients experienced a statistically significant improvement in disease symptoms as early as 64 days in response to the anti-CD122 molecule, Forte ( FBRX ) said, adding that the results reinforced activity shown in a Phase 1b trial for FB102 in celiac disease last year. All adverse events were considered mild to moderate, and “taken together with the phase 1b celiac study, FB102 continues to demonstrate a strong safety profile,” the company noted. As for upcoming catalysts, Forte ( FBRX ) awaits data from its ongoing Phase 2 trial for FB102 in celiac disease. More on Forte Biosciences Forte Biosciences: Targeting Celiac Disease Forte Biosciences: 2026 Is Major Inflection Point For FB102 Forte Biosciences: Stunning Bull Run Could Continue Thanks To Near-Term Data Readouts Forte Biosciences GAAP EPS of -$1.24 Seeking Alpha’s Quant Rating on Forte Biosciences
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) where we have detected an approximate $617.7 million dollar inflow -- that's a 2.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) where we have detected an approximate $617.7 million dollar inflow -- that's a 2.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Janus Henderson AAA CLO ETF (Symbol: JAAA) where we have detected an approximate $561.0 million dollar inflow -- that's a 2.0% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Janus Henderson AAA CLO ETF (Symbol: JAAA) where we have detected an approximate $561.0 million dollar inflow -- that's a 2.0% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ High Yield Corporate Bond ETF (Symbol: HYG) where we have detected an approximate $223.0 million dollar outflow -- that's a 1.3% dec
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ High Yield Corporate Bond ETF (Symbol: HYG) where we have detected an approximate $223.0 million dollar outflow -- that's a 1.3% dec
jetcityimage/iStock Editorial via Getty Images Just yesterday, I was alerted to an article detailing 20 dividend stocks that have been outperforming the S&P 500 ( SP500 ) this year as markets turn defensive. It makes sense that, during times of economic uncertainty like we are facing now, market participants would gravitate toward dividend-paying opportunities. This is because the income coming in...
jetcityimage/iStock Editorial via Getty Images Just yesterday, I was alerted to an article detailing 20 dividend stocks that have been outperforming the S&P 500 ( SP500 ) this year as markets turn defensive. It makes sense that, during times of economic uncertainty like we are facing now, market participants would gravitate toward dividend-paying opportunities. This is because the income coming in helps to protect against downside when times get tough. One of the companies on the list, which happened to be the second-best performer year to date, was none other than Owens Corning ( OC ), which is up 22.8% year to date. With a yield of 2.22%, the company is not exactly a cash machine. But it is attractive enough that, for many investors, the yield alone is worth buying into. This is a business that I have been generally bullish about in the past. The last article that I wrote about it came out in February of 2024. At the time, news broke that it would be acquiring Masonite International Corporation in a deal valued at $2.9 billion. I viewed the potential synergies associated with the transaction in a favorable light. And ultimately, I believed that the business justified a Buy rating. Since then, a lot of things have changed. Revenue expanded from 2024 to 2025. But this year, we have seen a decline in sales. To be honest with you, the waters have been muddied by various changes that management has made, including acquisitions and asset divestitures. But when you look at the data in its entirety, I see a business that looks to be trading just cheap enough to maintain as a Buy candidate. Digging Into Owens Corning For those who are not familiar with Owens Corning, the company operates as a provider of building products. At the end of 2025, the business had around 25,000 employees spread across 31 different countries. But it is a business that has been undergoing significant changes. This included changes to its reportable segments in January of 2025. And it also include...
In this video, I will cover recent Meta (NASDAQ: META) news and explain the ripple effect it could have on Nebius , CoreWeave , and the broader AI infrastructure trade. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of July. 2, 2026. The video was published on July. 2, 2026. Continue reading
In this video, I will cover recent Meta (NASDAQ: META) news and explain the ripple effect it could have on Nebius , CoreWeave , and the broader AI infrastructure trade. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of July. 2, 2026. The video was published on July. 2, 2026. Continue reading
Artem_Egorov/iStock via Getty Images By James Knightley , Chief International Economist Oil remains below its peaks, easing inflation and supporting consumers While we had argued that the United States' energy independence meant it was more insulated than most from the economic pain caused by the closure of the Strait of Hormuz, the fact that oil has been flowing has provided clear relief via lowe...
Artem_Egorov/iStock via Getty Images By James Knightley , Chief International Economist Oil remains below its peaks, easing inflation and supporting consumers While we had argued that the United States' energy independence meant it was more insulated than most from the economic pain caused by the closure of the Strait of Hormuz, the fact that oil has been flowing has provided clear relief via lower global fuel prices. If the trend continues – although the risks to that outlook have clearly increased following the recent resurgence in hostilities – it should help to ease fuel costs, moderate freight transportation expenses, and gradually lower airline fares, suggesting that headline inflation has peaked. If oil prices remain below their peaks, lower energy costs should provide relief for consumers and help real household disposable incomes, which have fallen in recent months. The jobs market has also shown some improvement. Even though the June employment report was not as firm as hoped, job creation has averaged 137,000 over the past four months, much better than the 8,751 per month averaged in the January 2025 to February 2026 period. As such, we have modestly revised our consumer spending forecasts higher, which lifts our 2026 GDP forecast to 2.3%. Nonetheless, we remain wary of the growth concentration risks with strength in activity dominated by higher-income household spending and tech-related investment projects. Lower oil prices suggest further falls in gasoline are on the cards Source: Macrobond, ING Eventual rate cuts more likely than rate hikes In terms of the second half of 2026, there are three key hot topics. First, inflation and the Federal Reserve. Financial markets continue to price around a one-and-a-half 25bp interest rate increase over the next 12 months, but we are sticking to the view that the Fed will instead choose to wait. While nine members of the FOMC think that they are likely to raise rates at some point, a further nine don’t (Chair Kevin...
A Ukrainian intelligence officer who previously admitted to killing a woman linked to a bombing in Monaco retracted his confession and shifted the blame to another defendant as their bail hearing opened in Kyiv. Vladyslav Reut, an active officer with Ukraine’s military intelligence HUR, told the court that he didn’t kill Anastasiia Berezovska, the woman wanted over the blast who was later found de...
A Ukrainian intelligence officer who previously admitted to killing a woman linked to a bombing in Monaco retracted his confession and shifted the blame to another defendant as their bail hearing opened in Kyiv. Vladyslav Reut, an active officer with Ukraine’s military intelligence HUR, told the court that he didn’t kill Anastasiia Berezovska, the woman wanted over the blast who was later found dead with gunshot wounds to the head. He said that he falsely incriminated himself during the investigation because the other defendant, former Ukrainian security service officer Vitalii Zhykovych, threatened him into taking the blame for the murder which he committed. “I got scared,” Reut said. The pre-trial proceeding at The Pecherskyi District Court was streamed live by news website Suspilne. Both men were detained on suspicion of involvement in the murder of Berezovska, a Ukrainian national. She was sought by Monaco authorities and Interpol following the June 29 explosion. The blast injured Vadym Iermolaiev, a property developer from the Ukrainian city of Dnipro, who is sanctioned by Ukraine for trading beverages in Russian-occupied Crimea. A woman and a child were also wounded in the explosion. Reut denied shooting Berezovska but admitted to having killed people “during the war.” He told the court that Zhykovych, an acquaintance, asked him to help hide Berezovska, who had just arrived back in Ukraine, while her documents were being “sorted out.” But as the three of them met, Zhukovych pulled out a pistol and fired four rounds, claiming they would both be killed if Berezovska lived. Zhukovych searched her body and removed items, including mobile phones and a wristwatch, as well as her sneakers, which he later disposed of. He told Reut to dig a grave in a small forest. The officer said he obeyed, fearing he would be shot, too. Then, Zhukovych instructed Reut to take the blame, saying that if he didn’t, his parents would be next, according to Reut. Reut said he was ready to...
Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) both filed earnings on April 29, 2026, framing two different bets on the AI buildout. Amazon leans on custom silicon and, per a $25 billion multi-tranche bond sale, to fund infrastructure. Microsoft leans on its OpenAI stake and contracted backlog. Same tailwind, different balance sheets. AWS Reaccelerates While Azure Sprints ... Amazon Vs. Microsof...
Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) both filed earnings on April 29, 2026, framing two different bets on the AI buildout. Amazon leans on custom silicon and, per a $25 billion multi-tranche bond sale, to fund infrastructure. Microsoft leans on its OpenAI stake and contracted backlog. Same tailwind, different balance sheets. AWS Reaccelerates While Azure Sprints ... Amazon Vs. Microsoft: What Amazon’s $25 Billion Bond Tranche Says About Mag 7 Competition
VV Shots/iStock Editorial via Getty Images Tesla’s ( TSLA ) electric vehicle (“EV”) business appears to be bucking the trend seen across the sector in Q2, with the unit reporting growth of 24.9%. This compares to declines seen elsewhere in the space. I view this update as a notable positive ahead of TSLA’s Q2, which is set to be released on July 22. Despite the positive sales figures ahead of the ...
VV Shots/iStock Editorial via Getty Images Tesla’s ( TSLA ) electric vehicle (“EV”) business appears to be bucking the trend seen across the sector in Q2, with the unit reporting growth of 24.9%. This compares to declines seen elsewhere in the space. I view this update as a notable positive ahead of TSLA’s Q2, which is set to be released on July 22. Despite the positive sales figures ahead of the release, shares are still struggling. The stock is down about 1.75% on the month and 12% YTD. Seeking Alpha - YTD Share Price Performance Of TSLA Stock Shares, however, are up 14% since my last update , where I focused my attention on TSLA’s Amazing Abundance initiative and wrote that the growth prospects here were promising. Seeking Alpha - TSLA Share Price Performance Since Last Author Update Today, there’s rising speculation that TSLA and SpaceX ( SPCX ), which just went public, could merge. In my view, this could help concentrate attention and resources into a single company, and it could help Musk’s AI pursuits. However, I believe any merger faces obstacles, and if it were to occur, I believe it could result in increased volatility for TSLA. Here’s more on what to look for when TSLA releases its Q2. What Is The Outlook For TSLA Stock? As mentioned, I continue to believe the outlook for TSLA remains positive. In my view, TSLA continues to demonstrate that the company is transitioning from being viewed solely as an EV manufacturer to becoming a broader AI, robotics, and energy company. I believe that theme was front and center during the Q1 earnings call . During that call, TSLA reiterated that it's entering a multi-year investment cycle, with more than $25B in planned capital expenditures (“CAPEX”) to support AI infrastructure, battery production, Cybercab, Optimus, and new manufacturing facilities. On the surface, that level of spending may concern investors, and I’ve written about this in coverage on other big names , such as Microsoft ( MSFT ). However, I view it as ...
VV Shots/iStock Editorial via Getty Images Tesla’s ( TSLA ) electric vehicle (“EV”) business appears to be bucking the trend seen across the sector in Q2, with the unit reporting growth of 24.9%. This compares to declines seen elsewhere in the space. I view this update as a notable positive ahead of TSLA’s Q2, which is set to be released on July 22. Despite the positive sales figures ahead of the ...
VV Shots/iStock Editorial via Getty Images Tesla’s ( TSLA ) electric vehicle (“EV”) business appears to be bucking the trend seen across the sector in Q2, with the unit reporting growth of 24.9%. This compares to declines seen elsewhere in the space. I view this update as a notable positive ahead of TSLA’s Q2, which is set to be released on July 22. Despite the positive sales figures ahead of the release, shares are still struggling. The stock is down about 1.75% on the month and 12% YTD. Seeking Alpha - YTD Share Price Performance Of TSLA Stock Shares, however, are up 14% since my last update , where I focused my attention on TSLA’s Amazing Abundance initiative and wrote that the growth prospects here were promising. Seeking Alpha - TSLA Share Price Performance Since Last Author Update Today, there’s rising speculation that TSLA and SpaceX ( SPCX ), which just went public, could merge. In my view, this could help concentrate attention and resources into a single company, and it could help Musk’s AI pursuits. However, I believe any merger faces obstacles, and if it were to occur, I believe it could result in increased volatility for TSLA. Here’s more on what to look for when TSLA releases its Q2. What Is The Outlook For TSLA Stock? As mentioned, I continue to believe the outlook for TSLA remains positive. In my view, TSLA continues to demonstrate that the company is transitioning from being viewed solely as an EV manufacturer to becoming a broader AI, robotics, and energy company. I believe that theme was front and center during the Q1 earnings call . During that call, TSLA reiterated that it's entering a multi-year investment cycle, with more than $25B in planned capital expenditures (“CAPEX”) to support AI infrastructure, battery production, Cybercab, Optimus, and new manufacturing facilities. On the surface, that level of spending may concern investors, and I’ve written about this in coverage on other big names , such as Microsoft ( MSFT ). However, I view it as ...