Dmitri Toms/iStock via Getty Images I’ve covered AeroVironment ( AVAV ) before , where I outlined the company’s background in detail and explained why I considered it an attractive buy. Since then, the stock has fallen by more than 25%, mainly due to weak Q3 numbers and a guidance revision ; however, for investors following the hints, the news from the last few weeks has been great for the company...
Dmitri Toms/iStock via Getty Images I’ve covered AeroVironment ( AVAV ) before , where I outlined the company’s background in detail and explained why I considered it an attractive buy. Since then, the stock has fallen by more than 25%, mainly due to weak Q3 numbers and a guidance revision ; however, for investors following the hints, the news from the last few weeks has been great for the company and suggests that the LOCUST has completed safety trials with the US Department of War’s JIATF-401 task force and the FAA at White Sands. Positioning LOCUST as the first laser to be validated. I expect orders to commence shortly, propelling the company’s growth. Background AeroVironment is a defense technology company developing unmanned and directed energy systems for military use, and after the BlueHalo acquisition, it entered the space, cyber/electronic warfare, and laser communications segments. It is mainly known for small UAVs and counter-UAS solutions, with its laser tech, the LOCUST system, playing a pivotal role. Investor Presentation The SCDE division was impacted by the government shutdown; however, I expect it will be a huge contributor in the future, especially with its new LOCUST X3 , which is capable of defeating Group 1–3 UAS threats at less than $5 per shot and can be integrated into fixed and mobile defense platforms. On the conference call, management commented : Our LOCUST laser weapon system is performing well in the field in multiple theaters, and we're preparing to commercialize LOCUST to broaden our market base and while increasing production. As LOCUST moves into higher volume production to meet the U.S. Army's needs, it will be a significant revenue driver for the company in the coming years. Moreover, the system has completed safety trials with the US Department of War’s JIATF-401 task force and the FAA at White Sands. The recent agreement between the Pentagon and FAA to deploy counter-drone lasers near the Mexico border suggests LOCUST will be t...
Reddit Inc (NYSE:RDDT) is likely to deliver another quarter of solid advertising growth, according to Jefferies, as conversations with marketers point to resilient digital ad budgets and increasing share gains for the platform. The brokerage said its latest checks with advertisers suggest...
Reddit Inc (NYSE:RDDT) is likely to deliver another quarter of solid advertising growth, according to Jefferies, as conversations with marketers point to resilient digital ad budgets and increasing share gains for the platform. The brokerage said its latest checks with advertisers suggest...
Suki Cooper, global head, commodities research at Standard Chartered Bank, joins Scarlet Fu on "Bloomberg Markets." Gold has fallen about 9% since the start of the war, with a liquidity squeeze in the early weeks of fighting leading investors to offload holdings and cover losses elsewhere. (Source: Bloomberg)
Suki Cooper, global head, commodities research at Standard Chartered Bank, joins Scarlet Fu on "Bloomberg Markets." Gold has fallen about 9% since the start of the war, with a liquidity squeeze in the early weeks of fighting leading investors to offload holdings and cover losses elsewhere. (Source: Bloomberg)
Getty Images As I’ve covered in a previous article back in June 2025, Citigroup Inc. ( C ) trades at a discounted valuation to other large U.S. banks, a discount that I was expecting to narrow as the bank continues its strategy to exit international markets and reduces its risk profile. Indeed, Citigroup has been able over the past few months to address two important issues, namely exiting from Ru...
Getty Images As I’ve covered in a previous article back in June 2025, Citigroup Inc. ( C ) trades at a discounted valuation to other large U.S. banks, a discount that I was expecting to narrow as the bank continues its strategy to exit international markets and reduces its risk profile. Indeed, Citigroup has been able over the past few months to address two important issues, namely exiting from Russia and reducing its stake in Banamex. Given this backdrop and its positive operating momentum over the past few quarters, it’s not surprising to see that Citigroup’s shares have performed quite well since my last article, up by close to 58%, and have beaten the overall stock market ( SPY ) by a wide margin during the same period. Article performance (Seeking Alpha) This good performance is justified both by a re-rating of its valuation and also strong earnings growth over the past few quarters, a trend that was maintained during the first quarter of 2026. Citigroup has recently announced its Q1 2026 financial results , beating market expectations by a good margin. Indeed, its revenues were above analysts’ expectations by about 5%, and earnings were 18% above estimates, driven largely by a great performance of capital markets activities. Revenues amounted to $24.6 billion in Q1 2026, being the highest quarterly level in a decade, up by 14% YoY. This strong performance was broad-based across the bank, but Markets was the best-performing unit with revenue growth of 19% YoY in the first quarter of this year. Other segments also reported double-digit growth, with the only exception being Credit Cards, which nonetheless reported revenue growth of 4% YoY. Revenue by unit (Citigroup) In the Markets unit, Citigroup reported strong revenue growth as client activity picked up during the first quarter of the year due to higher market volatility, leading to strong revenues across forex, fixed income, and equities. This was a general trend across large U.S. banks, with Investment Banki...
Fentino/E+ via Getty Images Diversified Energy ( DEC ) up 1.9% in Thursday's trading as Stephens initiated coverage with an Overweight rating and $24 price target, saying the shares are valued at a wide discount to its natural gas group based on enterprise value-to-estimated 2027 EBITDA and free cash flow-to-enterprise value. With a differentiated business model focused on the acquisition and opti...
Fentino/E+ via Getty Images Diversified Energy ( DEC ) up 1.9% in Thursday's trading as Stephens initiated coverage with an Overweight rating and $24 price target, saying the shares are valued at a wide discount to its natural gas group based on enterprise value-to-estimated 2027 EBITDA and free cash flow-to-enterprise value. With a differentiated business model focused on the acquisition and optimization of proved developed producing assets, Diversified ( DEC ) is well-positioned to continue to generate consistent, double-digit growth and strong returns, Stephens analyst Mike Scialla said. Portfolio optimization through joint ventures with operating partners or divestitures to E&P companies looking for drilling inventory could boost cash flow, Scialla said, looking for Diversified ( DEC ) to continue to repurchase shares while paying a ~7% annualized fixed dividend yield, the highest in Stephens' natural gas peer group. While Diversified's ( DEC ) leverage is higher than the peer average of 1.0x, most of the debt is in the form of asset-backed securities that are non-recourse to the parent company, the analyst said; in addition to mitigating risk at the parent level, the investment-grade-rated ABS notes areamortized ratably and are underpinned by predictable cash flows. More on Diversified Energy Diversified Energy: Stable Cash Returns, But Not A Growth Story Diversified Energy: A Contrarian Energy Play, But Don't Forget Long-Term Risks Diversified Energy Q4 2025 Earnings Call Presentation
D.C. and 33 states now have to argue in favor of specific remedies and fines, which could be paused if Live Nation appeals. Experts say the long-term impact on ticket prices isn't clear either. (Image credit: Paul Sakuma)
D.C. and 33 states now have to argue in favor of specific remedies and fines, which could be paused if Live Nation appeals. Experts say the long-term impact on ticket prices isn't clear either. (Image credit: Paul Sakuma)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Back to fertilizer, for a moment. We know from previous episodes , that global fertilizer supplies have been sharply reduced due to the situation in the Gulf. Roughly 25-30% of the world’s fertilizer exports are estimated to be impacted, with shipments traditionally bound for India and Southeast Asia taking the biggest hit. What’s interesting to watch right now is the impact of higher prices on the behavior of actual market participants. As Bloomberg Intelligence analyst and previous Odd Lots guest Alexis Maxwell points out, China could theoretically be exporting a bunch of urea right now and making a lot of money. But it isn’t. “A spread of $382 a metric ton between urea prices in the Middle East and China isn’t enough to prompt China to increase exports,” Alexis says. In fact, China appears to be tightening up on fertilizer exports to make sure it has enough supply at home. Bloomberg reports that Beijing has asked exporters to halt outbound shipments of nitrogen-potassium fertilizer blends, and reiterated existing export restrictions on urea. Meanwhile, in the US, it’s interesting to see a similar response. CF Industries, one of the big US-based fertilizer producers, published a Q&A about higher fertilizer prices, including a list of what it’s doing in response to them. There are a whole bunch of interesting tidbits in the Q&A — including that CF is currently operating at 97% capacity (so there’s no spare room to ramp up pr...
Stop using this recalled wireless power bank immediately. | Image: Casely Casely first recalled over 429,000 of its 5,000mAh Power Pods wireless power banks in April 2025 following 51 reports of their lithium-ion batteries "overheating, expanding or catching fire," resulting in six minor burn injuries. Both the company and the US Consumer Product Safety Commission (USCPSC) are reannouncing the sam...
Stop using this recalled wireless power bank immediately. | Image: Casely Casely first recalled over 429,000 of its 5,000mAh Power Pods wireless power banks in April 2025 following 51 reports of their lithium-ion batteries "overheating, expanding or catching fire," resulting in six minor burn injuries. Both the company and the US Consumer Product Safety Commission (USCPSC) are reannouncing the same recall today following 28 additional reports of batteries overheating. Those include a serious incident on a plane and the death of a 75-year-old New Jersey woman who "suffered second and third degree burns and later passed away from complications from her injuries" following an explosion, according to the USCPSC . The … Read the full story at The Verge.
Cheryl Pate, senior portfolio manager at Angel Oak Capital Advisors, Scarlet Fu on "Bloomberg Markets." They discuss the recent release of major and regional US bank earnings. (Source: Bloomberg)
Cheryl Pate, senior portfolio manager at Angel Oak Capital Advisors, Scarlet Fu on "Bloomberg Markets." They discuss the recent release of major and regional US bank earnings. (Source: Bloomberg)
Confirming it has reached 3 million weekly developers, OpenAI is massively updating its Codex developer environment via its Mac and Windows desktop apps today to bring it closer to the “Super App” the company has confirmed it is pursuing. Before today, Codex was primarily an environment for using OpenAI’s underlying language models to write, edit, debug and ship software as directed by the user. N...
Confirming it has reached 3 million weekly developers, OpenAI is massively updating its Codex developer environment via its Mac and Windows desktop apps today to bring it closer to the “Super App” the company has confirmed it is pursuing. Before today, Codex was primarily an environment for using OpenAI’s underlying language models to write, edit, debug and ship software as directed by the user. Now, Codex will be able to access all of the other apps on your computer, surface relevant information from within them to you when asked or proactively, take actions as directed in said applications, and, in the case of Mac users, even do so while you continue manually using your computer simultaneously to your agents working in the background. Andrew Ambrosino, an OpenAI technical staffer on the Codex team, described the change plainly in an embargoed press briefing I attended virtually yesterday: “Codex can actually click on apps, launch apps, and type into apps. This works with any apps on your machine.” Codex on desktop is further getting its own built-in web browser, allowing users to preview their front-end development, and a directly integrated pipeline to OpenAI’s powerful AI image generation model gpt-image-1.5, allowing users to generate imagery for their projects — everything from websites to presentations to full playable PC games with hundreds of assets — all in the same style. As Thibault "Tibo" Sottiaux, Head of Codex at OpenAI, said during the briefing: “It’s not just about the growth. It is putting a very capable agent in the hands of builders, and now we’re seeing that we’re able to expand and do a lot more work entirely across your computer" Asked why OpenAI was pursuing all this in Codex, not its more recognizable flagship app, ChatGPT, Sottiaux told VentureBeat: “Codex is our most powerful agent.It already worked on your computer, and so we’re expanding the capabilities there. It felt very natural. We will make it make sense at some point." The update c...
The Brazilian conglomerate controlled by the billionaire Batista brothers tapped the US junk-debt market for a debut offering in a push to refinance debt. J&F SA , which controls the world’s largest meat producer JBS NV , raised about $400 million from a seven-year note, according to people familiar with the matter. The debt was sold at a yield of 8%, the people said, asking not to be identified b...
The Brazilian conglomerate controlled by the billionaire Batista brothers tapped the US junk-debt market for a debut offering in a push to refinance debt. J&F SA , which controls the world’s largest meat producer JBS NV , raised about $400 million from a seven-year note, according to people familiar with the matter. The debt was sold at a yield of 8%, the people said, asking not to be identified because details are private. The offering comes amid a broader overhaul set to incorporate some subsidiaries — including pulp producer maker Eldorado Brasil Celulose SA , mining company LHG Mining and cosmetics and personal care business Flora — into J&F, with the aim of slashing borrowing costs. JBS NV — which went public on the New York Stock Exchange in 2025 — will remain a separate business. Read More: Batista Family Revamps Business in Bid to Tap Debt Markets J&F declined to comment on the bond sale. The firm has also launched an offer to repurchase as much as $500 million of Eldorado’s 2032 notes, issued last year. The bond sale comes as high-yield rated companies seize on renewed investor optimism over a potential Middle East peace deal, with borrowing costs plunging to levels not seen since before the conflict. On Wednesday, Brazilian beef supplier Minerva SA raised $600 million from a junk offering, its first in three years. J&F is owned by Wesley and Joesley Batista , who transformed the Brazilian meatpacker founded by their father in the 1950s into a global powerhouse through acquisitions spanning the US to Australia, and have since diversified into other industries. Some details on the offering were first reported by Brazilian newspaper Valor Economico.