Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Thursday, Gogo's Director, Charles C. Townsend, made a $1.14M purchase of G...
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Thursday, Gogo's Director, Charles C. Townsend, made a $1.14M purchase of GOGO, buying 250,000 shares at a cost of $4.55 each. Gogo is trading up about 2.4% on the day Tuesday. Before this latest buy, Townsend purchased GOGO on 3 other occasions during the past twelve months, for a total cost of $2.74M at an average of $6.84 per share. And at Patrick Industries, there was insider buying on Thursday, by Director M. Scott Welch who purchased 10,000 shares for a cost of $113.68 each, for a total investment of $1.14M. Before this latest buy, Welch purchased PATK at 3 other times during the past twelve months, for a total investment of $19,049 at an average of $105.24 per share. Patrick Industries is trading down about 1.2% on the day Tuesday. VIDEO: Tuesday 3/17 Insider Buying Report: GOGO, PATK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
BlackJack3D/iStock via Getty Images Today, I do not see Marvell Technology, Inc. ( MRVL ) as a generic AI beneficiary. The focus after the March 5 earnings call has moved from whether Marvell can be an AI infrastructure beneficiary to whether it is becoming one of the few semiconductor companies that are structurally re-rated by AI versus cyclically helped by it. What matters more than the quarter...
BlackJack3D/iStock via Getty Images Today, I do not see Marvell Technology, Inc. ( MRVL ) as a generic AI beneficiary. The focus after the March 5 earnings call has moved from whether Marvell can be an AI infrastructure beneficiary to whether it is becoming one of the few semiconductor companies that are structurally re-rated by AI versus cyclically helped by it. What matters more than the quarter itself is the trend of the changes. I am also bullish on Marvell because their partnership with Lumentum ( LITE ) on optical circuit switching indicates that they are penetrating deeper into the AI network fabric itself, which promises lower latency and more efficient architecture that hyperscalers will eventually rely on at scale. Marvell Is More Than Custom Silicon I think of Marvell differently from the way the market thinks of it. The market focuses too much on the custom XPU business as if that were the entire company. It is not. Custom silicon is certainly an important part of the company. Marvell has been saying that custom silicon has scaled from zero to $1.5 billion in fiscal 2026 and will again grow in fiscal 2027 before at least doubling in fiscal 2028, with the addition of a new Tier 1 XPU customer and growing NIC and CXL attach revenue. What I think might be getting overlooked is that the company is becoming an interconnect and systems enablement company, not just a custom ASIC company. Interconnect revenue is expected to grow by more than 50% in fiscal 2027, switch revenue to exceed $600 million , and AEC plus retimer revenue to more than double. If I thought that Marvell was just another merchant designer and they were dependent upon one or two hyperscaler programs, I wouldn’t care as much. I think the more interesting version of the story is that they're inserting themselves around the XPU, inside the network, and ultimately inside the optical scale-up. They're monetizing not just the processor decision but the architecture around the processor. That’s a mu...
On 3/19/26, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GGN.PRB's recent share price of $20.33, this dividend works out to approximately 1.54%, so look for shares of GGN.PRB to trade 1.54% lower — all else being equal — when GG...
On 3/19/26, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GGN.PRB's recent share price of $20.33, this dividend works out to approximately 1.54%, so look for shares of GGN.PRB to trade 1.54% lower — all else being equal — when GGN.PRB shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 6.13%, which compares to an average yield of 6.24% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GGN.PRB shares, versus GGN: Below is a dividend history chart for GGN.PRB, showing historical dividends prior to the most recent $0.3125 on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares: In Tuesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: GGN) are up about 0.6%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
May arabica coffee (KCK26) today is up by +5.10 (+1.74%), and May ICE robusta coffee (RMK26) is up +42 (+1.21%). Coffee prices are moving higher for a second day today, with arabica posting a 1-week high. Supply concerns are underpinning coffee prices as the closure of the Strait of Hormuz has disrupted global shipping. The closure of the waterway has increased global shipping rates, insurance, an...
May arabica coffee (KCK26) today is up by +5.10 (+1.74%), and May ICE robusta coffee (RMK26) is up +42 (+1.21%). Coffee prices are moving higher for a second day today, with arabica posting a 1-week high. Supply concerns are underpinning coffee prices as the closure of the Strait of Hormuz has disrupted global shipping. The closure of the waterway has increased global shipping rates, insurance, and fuel costs, and raises costs for coffee importers and roasters. Don’t Miss a Day: On Monday, arabica coffee fell to a 2-week low, and May robusta fell to a contract low, as abundant rains in Brazil eased crop concerns. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 57.7 mm of rain last week, or 139% of the historical average. The outlook for a bumper Brazil coffee crop is weighing on prices after StoneX last Thursday raised its Brazil 2026/27 coffee production estimate to a record 75.3 million bags, up from its November estimate of 70.7 million bags. Coffee prices also saw support from recent news that Brazil's Feb green coffee exports fell by -27% y/y to 2.3 million bags, according to Cecafe. Meanwhile, Brazil's Trade Ministry reported last Thursday that Brazil's Feb coffee exports fell -17.4% y/y to 142,000 MT. Rising ICE inventories are pressuring coffee prices. ICE-monitored arabica inventories rose to a 5.5-month high of 581,830 bags on Monday. ICE robusta coffee inventories posted a 3.5-month high of 4,721 lots on March 3 but have since fallen back to 4,3637 lots as of today. Coffee prices in February sold off sharply, with arabica falling to a 16-month low on February 24 and robusta tumbling to a 7.25-month low on February 23 as signs of a bumper Brazilian coffee crop supported the global supply outlook. On February 5, Conab, Brazil's crop forecasting agency, said that Brazil's 2026 coffee production will climb by +17.2% y/y to a record 66.2 million bags, with arabica production up +23.2% y/y to 44.1 mil...
April WTI crude oil (CLJ26) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the Middle East by Iran. Also, today's dollar weakness is supportive of energy prices. Crude oil is rallying t...
April WTI crude oil (CLJ26) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the Middle East by Iran. Also, today's dollar weakness is supportive of energy prices. Crude oil is rallying today amid disruptions to Middle Eastern energy supplies. Operations were suspended at the Shah gas field in the United Arab Emirates (UAE), while Iranian drones and missiles also targeted an Iraqi oil field. Also, crude loadings from the UAE's port at Fujairah were halted again after Iranian drone attacks. Don’t Miss a Day: Crude prices also found support today after the crude crack spread jumped to a 1.5-week high, encouraging refiners to purchase crude and refine it into gasoline and distillates. The Strait of Hormuz remains essentially closed, and Persian Gulf oil producers have been forced to cut production by roughly 6% as local storage facilities reach capacity. The Strait of Hormuz normally handles a fifth of the world's oil. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March. In a bearish factor for crude, OPEC+ on March 1 said it will boost its crude output by 206,000 bpd in April, above estimates of 137,000 bpd, although that production hike now seems unlikely given that Middle East producers are being forced to cut production due to the Middle East war. OPEC+ is trying to restore all of the 2.2 million bpd production cut it made in early 2024, but still has nearly another 1.0 million bpd left to restore. OPEC's February crude production rose by +640,000 bpd to a 3.25-year high of 29.52 million bpd. Mounting crude supplies in floating storage are a bearish factor for oil prices. According to Vortexa data, about 290 million bbl of Russian and Iranian ...
On 3/19/26, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GAB.PRK's recent share price of $21.02, this dividend works out to approximately 1.49%, so look for shares of GAB.PRK to trade 1.49% lower — all else being equal — when GAB.PRK shares open for trading on...
On 3/19/26, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GAB.PRK's recent share price of $21.02, this dividend works out to approximately 1.49%, so look for shares of GAB.PRK to trade 1.49% lower — all else being equal — when GAB.PRK shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 5.94%, which compares to an average yield of 6.79% in the "Investment Companies & Venture Capital" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GAB.PRK shares, versus GAB: Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock: In Tuesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently off about 0.1% on the day, while the common shares (Symbol: GAB) are up about 0.1%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On 3/19/26, Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares (Symbol: BCV.PRA) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/26/26. As a percentage of BCV.PRA's recent share price of $21.66, this dividend works out to approximately 1.55%, so look for shares of BCV.PRA to trade 1.55% lower — all else being equal — when BCV.PRA shares open for trading on...
On 3/19/26, Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares (Symbol: BCV.PRA) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/26/26. As a percentage of BCV.PRA's recent share price of $21.66, this dividend works out to approximately 1.55%, so look for shares of BCV.PRA to trade 1.55% lower — all else being equal — when BCV.PRA shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 6.20%, which compares to an average yield of 6.24% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BCV.PRA shares, versus BCV: Below is a dividend history chart for BCV.PRA, showing historical dividends prior to the most recent $0.3359 on Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares: In Tuesday trading, Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares (Symbol: BCV.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: BCV) are down about 0.1%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Alcoa Corp. , the largest US aluminum producer, says it’s fielding interest from buyers seeking alternative supply following the curtailment of production in the Middle East. “We’re actually seeing an uptick in orders from customers, and inquiries related to the second quarter and second half of the year, because these were customers who take a portion or a majority of supply from Middle East smel...
Alcoa Corp. , the largest US aluminum producer, says it’s fielding interest from buyers seeking alternative supply following the curtailment of production in the Middle East. “We’re actually seeing an uptick in orders from customers, and inquiries related to the second quarter and second half of the year, because these were customers who take a portion or a majority of supply from Middle East smelters,” said Chief Financial Officer Molly Beerman at a JPMorgan Chase & Co. conference on Tuesday. “So we do have additional spot orders coming in, and that should help us later in the year.” Aluminum buyers are looking to find different sources of material while shipping through the Strait of Hormuz is effectively closed. Smelters in the Gulf states, which produce about 9% of global supply, curtailed production last week and over the weekend to conserve raw materials. Read More: US Aluminum Buyers Eye Alternatives as Iran War Roils Supply Alcoa, which is also a major producer of alumina, ships about four million metric tons of the raw material to the Middle East to power its smelters every year, according to Beerman. Now, following the closing of the Strait of Hormuz, “all of that supply that normally would have moved into the Middle East is finding a home elsewhere,” she said. “Probably moving into China.” Prices of the lightweight metal soared to the highest since 2022 last week after the US and Israel began attacks on Iran, but have since pared some gains. The US Midwest premium — an amount added to global benchmarks to deliver aluminum to that region — climbed to a fresh record of $1.10 a pound last week.
On 3/19/26, Gabelli Multimedia Trust's 5.125% Series G Cumulative Preferred Shares (Symbol: GGT.PRG) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 3/26/26. As a percentage of GGT.PRG's recent share price of $21.28, this dividend works out to approximately 1.51%, so look for shares of GGT.PRG to trade 1.51% lower — all else being equal — when GGT.PRG shares open for trad...
On 3/19/26, Gabelli Multimedia Trust's 5.125% Series G Cumulative Preferred Shares (Symbol: GGT.PRG) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 3/26/26. As a percentage of GGT.PRG's recent share price of $21.28, this dividend works out to approximately 1.51%, so look for shares of GGT.PRG to trade 1.51% lower — all else being equal — when GGT.PRG shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 5.98%, which compares to an average yield of 6.24% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GGT.PRG shares, versus GGT: Below is a dividend history chart for GGT.PRG, showing historical dividends prior to the most recent $0.3203 on Gabelli Multimedia Trust's 5.125% Series G Cumulative Preferred Shares: In Tuesday trading, Gabelli Multimedia Trust's 5.125% Series G Cumulative Preferred Shares (Symbol: GGT.PRG) is currently down about 0.7% on the day, while the common shares (Symbol: GGT) are up about 0.2%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On 3/19/26, Gabelli Equity Trust's Series G Cumulative Preferred Stock (Symbol: GAB.PRG) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GAB.PRG's recent share price of $20.83, this dividend works out to approximately 1.50%, so look for shares of GAB.PRG to trade 1.50% lower — all else being equal — when GAB.PRG shares open for trading on 3/19/...
On 3/19/26, Gabelli Equity Trust's Series G Cumulative Preferred Stock (Symbol: GAB.PRG) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/26/26. As a percentage of GAB.PRG's recent share price of $20.83, this dividend works out to approximately 1.50%, so look for shares of GAB.PRG to trade 1.50% lower — all else being equal — when GAB.PRG shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 6.03%, which compares to an average yield of 6.79% in the "Investment Companies & Venture Capital" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GAB.PRG shares, versus GAB: Below is a dividend history chart for GAB.PRG, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's Series G Cumulative Preferred Stock : In Tuesday trading, Gabelli Equity Trust's Series G Cumulative Preferred Stock (Symbol: GAB.PRG) is currently up about 0.4% on the day, while the common shares (Symbol: GAB) are trading flat. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On 3/19/26, Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares (Symbol: GGT.PRE) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 3/26/26. As a percentage of GGT.PRE's recent share price of $21.32, this dividend works out to approximately 1.50%, so look for shares of GGT.PRE to trade 1.50% lower — all else being equal — when GGT.PRE shares open for trad...
On 3/19/26, Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares (Symbol: GGT.PRE) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 3/26/26. As a percentage of GGT.PRE's recent share price of $21.32, this dividend works out to approximately 1.50%, so look for shares of GGT.PRE to trade 1.50% lower — all else being equal — when GGT.PRE shares open for trading on 3/19/26. On an annualized basis, the current yield is approximately 6.01%, which compares to an average yield of 6.24% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GGT.PRE shares, versus GGT: Below is a dividend history chart for GGT.PRE, showing historical dividends prior to the most recent $0.3203 on Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares: In Tuesday trading, Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares (Symbol: GGT.PRE) is currently trading flat on the day, while the common shares (Symbol: GGT) are trading flat. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is set to extend its lead in artificial intelligence (AI) hardware and software, unveiling a broad, end-to-end AI product roadmap that now gives the company visibility to more than $1 trillion in data center sales over 2025-2027, according to a note from Bank...
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is set to extend its lead in artificial intelligence (AI) hardware and software, unveiling a broad, end-to-end AI product roadmap that now gives the company visibility to more than $1 trillion in data center sales over 2025-2027, according to a note from Bank...
Getty Images The following segment was excerpted from the PGIM Jennison Natural Resources Fund Q4 2025 Commentary . The PGIM Jennison Natural Resources Fund ( PGNAX ) generated a strong return and comfortably outperformed its Lipper Global Natural Resources Index benchmark for the quarter. Key Contributors Ero Copper Hudbay Minerals Eldorado Gold Ero Copper ( ERO ) produces and sells copper and go...
Getty Images The following segment was excerpted from the PGIM Jennison Natural Resources Fund Q4 2025 Commentary . The PGIM Jennison Natural Resources Fund ( PGNAX ) generated a strong return and comfortably outperformed its Lipper Global Natural Resources Index benchmark for the quarter. Key Contributors Ero Copper Hudbay Minerals Eldorado Gold Ero Copper ( ERO ) produces and sells copper and gold from its mines in Brazil. In November, the company reported third-quarter results that highlighted record quarterly copper production and a return to profitability, driven by higher sales volumes and stronger metal prices. While the ramp-up at the new Tucumã mine contributed to production growth, earlier delays and ramp-up challenges resulted in revenue and earnings missing consensus estimates. Despite the quarterly miss, the stock reached new 52-week highs as investors looked past near-term volatility to focus on the successful commercial production milestone at Tucumã and the company’s improving cost profile. The company also announced a successful initiative to improve the recovery rate at its gold operation which, given current gold prices, is significantly accretive to the bottom line. We believe the operational turnaround is underway and that the company is well-positioned to generate significant free cash flow growth in 2026 with a potential to look to growth opportunities in the coming years once balance sheet leverage improves. Hudbay Minerals ( HBM ) is a mid-cap copper mining company with existing producing assets in Peru and Canada and a large-scale greenfield project in Arizona. After effectively managing several uncontrollable events, namely wildfires, and then delivering on the farm down of its growth project in Arizona, the company continues to benefit from strong copper and gold pricing which have erased any lingering concern over financing the equity portion of its growth project. With steady operations in its south American business, an operational tur...
Religious leaders have said that plans to rip up the UK’s asylum rules by ending the right to permanent refugee status would damage integration and should be rethought. A group, which includes seven bishops, three rabbis and an imam, said they had “grave concerns” about Shabana Mahmood’s proposed changes to settlement and citizenship rules. In a letter to the Guardian, they urge the home secretary...
Religious leaders have said that plans to rip up the UK’s asylum rules by ending the right to permanent refugee status would damage integration and should be rethought. A group, which includes seven bishops, three rabbis and an imam, said they had “grave concerns” about Shabana Mahmood’s proposed changes to settlement and citizenship rules. In a letter to the Guardian, they urge the home secretary to “pause, listen and revise” the plans. The letter echoes the concerns of at least 100 Labour backbenchers who have claimed the changes will undermine the government’s commitment to social cohesion. Under the plans, adults and accompanied children claiming asylum will receive a 30-month period of protection, if it is granted. If after 30 months the countries from which they fled are deemed safe, they will be expected to return home. It would end the current system whereby refugees are given five years of protection and allowed to bring their families, followed by possible permanent settlement. Mahmood’s plans would involve forcibly removing families – including children – who refuse the government’s offer to leave voluntarily. As part of the plans, Mahmood launched a pilot scheme to pay 150 families with rejected asylum claims up to £40,000 each to voluntarily leave the country or face forcible removal. The letter’s signatories include the lord bishop of Leicester, Martyn Snow, as well as Rabbi Rebecca Birk from the Finchley progressive synagogue, and Qari Asim, an imam at Leeds Makkah mosque. It says: “We urge ministers to slow down and rethink their proposals, which contain serious flaws.” It suggests the changes have been rushed, adding: “Massive changes to rules that could shape the lives of more than a million people in the UK for the next 20 years or more should not be made in haste.” The letter adds: “Stability, belonging and a clear pathway to citizenship are essential to building cohesive communities. Policies that make status more precarious and pathways more di...
Uber's plan to roll out self-driving taxis powered by Nvidia technology is a reason to buy the ride-hailing stock, analysts said. The service will launch in Los Angeles and San Francisco next year, Nvidia CEO Jensen Huang said at the chipmaker's annual developer conference , fleshing out the details of the previously announced partnership. Then, the service will expand to 28 global cities in 2028,...
Uber's plan to roll out self-driving taxis powered by Nvidia technology is a reason to buy the ride-hailing stock, analysts said. The service will launch in Los Angeles and San Francisco next year, Nvidia CEO Jensen Huang said at the chipmaker's annual developer conference , fleshing out the details of the previously announced partnership. Then, the service will expand to 28 global cities in 2028, he said. Shares of Uber jumped almost 6% in trading. Bank of America analyst Justin Post said it's a critical time for Uber's stock, which closed Monday about 27% below its 52-week high. While Tesla and Waymo's autonomous vehicle expansions have created concerns that Uber may lose its dominance of the U.S. rideshare market, this announcement counters those worries. "We think a growing roster of US L4 OEM suppliers, combined with Nvidia's L4 platform development commitment, can shift the medium-term US [autonomous vehicle] supply outlook in a more favorable direction for Uber, driving stock multiple expansion," Post wrote in a Monday note. UBER 6M mountain UBER six-month chart. Post reiterated his buy rating on Uber, and his price target of $103, which is a nearly 38% gain from Monday's close. Deutsche Bank said there's reason to believe Uber can't avert Waymo and Tesla taking market share, but Uber can dominate in the space, too. The bank reiterated its buy rating on the stock and $108 price target, representing a 45% return from Monday's close. Analyst Benjamin Black wrote in a Tuesday note that Uber has the advantage by already having a strong and tested algorithm to run a ride-hailing service, whether by vehicles with drivers or without. Plus, many people are already used to utilizing the Uber app, meaning consumers don't have to turn to a new service for autonomous vehicle rideshares. "By offering an immediate, turnkey pool of global demand, advanced fleet management integrations, and established regulatory relations, Uber serves as the essential commercialization laye...
00:01 John Hyland It's time for Yahoo Finance's Market Minute. I'm John Hyland. We're halfway into the trading day and we are seeing US stocks advance for a second day. You have the major averages in the green. They did pair a little bit of those gains earlier when President Trump came out uh to speak saying that we're not planning to leave Iran just yet. So we're seeing how that's impacting the s...
00:01 John Hyland It's time for Yahoo Finance's Market Minute. I'm John Hyland. We're halfway into the trading day and we are seeing US stocks advance for a second day. You have the major averages in the green. They did pair a little bit of those gains earlier when President Trump came out uh to speak saying that we're not planning to leave Iran just yet. So we're seeing how that's impacting the stock market. 00:18 John Hyland In the oil market, we are seeing uh Brent crude trading above $100 a barrel oil rising with stocks today. Um this comes as Iran widens its attacks in the Middle East. It attacked uh site in the UAE. It's attacked a gas field in Iraq. And we're also seeing that one of the ports in the UAE, the only port that exports uh outside of the straight of Hormuz was again halted. So we're seeing how that's reverberating in global energy markets. 00:36 John Hyland And finally, I just want to take a look at shares of Apple. Uh CEO Tim Cook going on ABC's Good Morning America today, denying rumors he's planning to step away from the company. Uh the CEO said that he can't imagine his life without Apple, and that is your Yahoo Finance market minute. I'm John Hyland.
Private equity A possibly good business niche would be “private equity front.” That is: These days, “private equity” has some pretty negative connotations in many places, and customers and employees and politicians would prefer for local businesses to be owned by the third generation of the founding family rather than by some Wall Street behemoth. But private equity has lots of money, and also use...
Private equity A possibly good business niche would be “private equity front.” That is: These days, “private equity” has some pretty negative connotations in many places, and customers and employees and politicians would prefer for local businesses to be owned by the third generation of the founding family rather than by some Wall Street behemoth. But private equity has lots of money, and also useful scale and skills; it is in many cases the highest bidder for, and most efficient operator of, all sorts of local businesses. And the third generation of the founding family might prefer to get out of the pest control business and get into documentary filmmaking; selling to private equity could fund that transition. The widespread public preference for family ownership is a bit vague and fuzzy, and there are lots of contractual ways to transfer economic interest and operating control that do not quite count as “ownership.” We talked a few years ago about variable interest entities for US-listed Chinese companies : The idea is that, under Chinese law, it is somewhere between “complicated” and “forbidden” for foreigners to own certain big important Chinese tech companies. This is a problem for those companies if they want to raise capital from foreign investors and list their stocks on foreign stock exchanges. But there is a solution. “Ownership” of a company is a complicated notion, a vague jumble of rights to elect directors and approve mergers and claim a residual interest in the company’s cash flows. You could break those things up and sell them separately. Write a profit-sharing contract that says “A will pay B all of A’s profits after expenses for the next 100 years, renewable at B’s option,” and hey that’s a residual claim on cash flows. (Or something vaguer: “A will pay B an annual consulting fee that B decides in its total discretion based on the economic value of the relationship,” etc.; not technically a residual claim but what else is it?) “B will provide manag...
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Nige and Honest Bob. Honest Bob and Nige. Reform’s answer to the Chuckle Brothers. Robert Jenrick is just about the only other member of Reform that Nige will be seen dead with now. Apart from Richard Tice, everyone’s favourite fake-tanned beta male. Almost everyone else in Reform is dead to Nigel Farage. Zia Yusuf barely gets a look in now. Nadhim Zahawi and Suella Braverman? Buyer’s remorse. And...
Nige and Honest Bob. Honest Bob and Nige. Reform’s answer to the Chuckle Brothers. Robert Jenrick is just about the only other member of Reform that Nige will be seen dead with now. Apart from Richard Tice, everyone’s favourite fake-tanned beta male. Almost everyone else in Reform is dead to Nigel Farage. Zia Yusuf barely gets a look in now. Nadhim Zahawi and Suella Braverman? Buyer’s remorse. Andrea Jenkyns and Sarah Pochin? Who? So, Nige and Honest Bob it is. The double act that’s guaranteed to raise a laugh. If you’re very lucky. The pair who want to turn politics into a downmarket reality gameshow on their own YouTube channel. Last week it was your turn to win the cheapest petrol in the country. Though it turned out not even to be the cheapest petrol within a 20-mile radius. Details, details. This week, it was your chance to get a home visit from Farage, who would hand over an oversized cardboard cheque to pay the energy bills of everyone on your street for a year. Just log on to nigelcutmybills.com to enter. Not reformcutmybills.com, please note. Nige isn’t even trying to pretend that Reform is anything more than his own personality cult these days. The heavily grease-painted entertainer in need of ever more attention. The possibilities are endless. Be more like Nige and jump at the chance to buy shares in Kwasi Kwarteng’s crypto scheme. Or maybe you want the opportunity to buy some gold at the top of the market. If so, Nige knows just the firm for you. He’s paid £400k a year by Direct Bullion to lure you in. Just watch the gold price fall. Then there’s Richard Tice’s bespoke tax services. See if you can pay what you want by offshoring your spare cash (but only if you have millions to stash away). Reform have got a Get Rich Quick scheme for everyone. Though it’s mainly Nadhim, Nige and Dicky doing the getting rich. There again, someone’s got to. So it might as well be them. Looking around Glaziers Hall in central London, the venue for the latest stunt, it was h...