A research team that includes Huawei Technologies says it has successfully used the firm’s Ascend 910C chips to complete post-training for the DeepSeek-V4-Pro model, marking a major step forward as China’s semiconductor industry tries to leap from supporting basic AI inference to more complex model training amid tightening US sanctions. While Chinese chipmakers have found success in supporting AI ...
A research team that includes Huawei Technologies says it has successfully used the firm’s Ascend 910C chips to complete post-training for the DeepSeek-V4-Pro model, marking a major step forward as China’s semiconductor industry tries to leap from supporting basic AI inference to more complex model training amid tightening US sanctions. While Chinese chipmakers have found success in supporting AI inference – the relatively simple process of running an already-finished model to answer user...
A physicist who was awarded a fellowship reserved for the “brightest young scientists” in the US and Canada for his work hunting for black holes has returned to China. Dai Liang, who received a Sloan Research Fellowship for physics in 2021, recently took up a professorship at Fudan University in Shanghai and joined the Fudan Centre for Astronomy and Astrophysics. The fellowships were established i...
A physicist who was awarded a fellowship reserved for the “brightest young scientists” in the US and Canada for his work hunting for black holes has returned to China. Dai Liang, who received a Sloan Research Fellowship for physics in 2021, recently took up a professorship at Fudan University in Shanghai and joined the Fudan Centre for Astronomy and Astrophysics. The fellowships were established in 1955 by former General Motors chief executive Alfred Sloan to support early-career researchers...
A Trump family crypto venture is generating bumper profits from its foray into stablecoins, thanks partly to a promotional arrangement with Binance Holdings Ltd. World Liberty Financial Inc. , co-founded by US President Donald Trump and his sons, is on track to generate nearly $150 million this year from issuing USD1, a dollar-pegged token it launched in March 2025, according to a Bloomberg News a...
A Trump family crypto venture is generating bumper profits from its foray into stablecoins, thanks partly to a promotional arrangement with Binance Holdings Ltd. World Liberty Financial Inc. , co-founded by US President Donald Trump and his sons, is on track to generate nearly $150 million this year from issuing USD1, a dollar-pegged token it launched in March 2025, according to a Bloomberg News analysis of public disclosures and financial filings. The stablecoin’s growth has been aided by Binance, the world’s largest cryptocurrency exchange, where most USD1 is held. World Liberty does not share revenue generated by USD1 with Binance, according to a person familiar with the matter. In separate statements, World Liberty and Binance said their relationship isn’t unusual. World Liberty doesn’t share revenue with any exchanges, a spokesperson said. Binance hosts more than 15 stablecoins and offers promotions to other companies too, its spokesperson said. “Binance has not provided preferential treatment to World Liberty Financial or its products,” the Binance spokesperson said. Still, their agreement has helped fuel profits from what has become the Trump family’s biggest money-maker, according to Bloomberg’s calculations. World Liberty’s stablecoin business is now worth roughly $1.7 billion, according to the Bloomberg Billionaires Index . The Trump family is credited with a $630 million stake, which is being included in the net worth calculation for the first time. That pushes the total value of their World Liberty holdings to $2.6 billion, making it the family’s most valuable asset by far. The Trumps’ total fortune is $7.8 billion. Cash Cow For a family that has been involved with a wide range of businesses over the course of decades — from real estate to casinos to putting the Trump brand on neckties and steaks — their crypto empire has turned into a major cash cow over just a couple of years. In his first term, Trump said he was “not a fan” of crypto and made other cr...
PM Images/DigitalVision via Getty Images Waiting for decent pricing on a stock before layering can literally pay you dividends down the line. That’s why it pays to be patient and wait for the right opportunity, as having a good entry point and yield can shave valuable time off of one’s compounding journey. Such I find the opportunity with Omega Healthcare Investors ( OHI ), which I last covered a ...
PM Images/DigitalVision via Getty Images Waiting for decent pricing on a stock before layering can literally pay you dividends down the line. That’s why it pays to be patient and wait for the right opportunity, as having a good entry point and yield can shave valuable time off of one’s compounding journey. Such I find the opportunity with Omega Healthcare Investors ( OHI ), which I last covered a while back in January 2025. At that time, the pricing had dropped to $37 per share. Due to that great entry point and solid fundamentals, OHI has delivered a 30% total return since my last piece, surpassing the 28% rise in the S&P 500 ( SPY ) over the same timeframe. This market-beating return is despite the recent share price downturn from the high $40s to $43.67 at present. As shown below, the recent shares price downturn has pushed the dividend yield above 6%, qualifying OHI as a high yield investment. OHI Stock 1-Yr Trend (Seeking Alpha) In this article, I revisit OHI including recent business fundamentals , and discuss what makes it an appealing ‘Buy’ at present for high income, value, and long-term growth, so let’s dive in! Why OHI? Omega Healthcare Investors is a healthcare REIT focused on long-term care in the US and UK. It provides capital to skilled nursing facilities, assisted living communities, and senior housing properties. At present, its portfolio is comprised of 1,124 properties and 102K beds across 94 operator relationships. OHI has traditionally been focused on triple-net leases. In recent years, it’s been shifting the portfolio more toward RIDEA arrangements on its senior housing portfolio. This enables OHI to participate in operating revenue upside (while also being on the hook for costs), in the same manner as Welltower ( WELL ) and Ventas ( VTR ). OHI delivered a solid Q1 2026, with FAD (funds available for distribution) per share rising by 9.5% YoY to $0.78. This provided added buffer on the dividend, with the dividend-to-FAD payout ratio lowering to...
Daniel Radcliffe takes a bow onstage during curtain call at "Every Brilliant Thing" Opening Night at Hudson Theatre on March 12, 2026 in New York City. Theo Wargo | Getty Images Broadway just wrapped its highest-grossing season on record, offering another sign that consumers are willing to spend on experiences even as concerns about inflation and economic uncertainty linger. The 2025-2026 show sea...
Daniel Radcliffe takes a bow onstage during curtain call at "Every Brilliant Thing" Opening Night at Hudson Theatre on March 12, 2026 in New York City. Theo Wargo | Getty Images Broadway just wrapped its highest-grossing season on record, offering another sign that consumers are willing to spend on experiences even as concerns about inflation and economic uncertainty linger. The 2025-2026 show season topped the prior year's record and generated nearly $1.91 billion in ticket sales, according to industry data from The Broadway League. "Even in a challenging economic environment, Broadway remained notably on par with last season, reflecting both the resilience of this industry and the connection audiences feel to these productions," said Jason Laks, president of The Broadway League, in a press release. Adjusting for the extra week that was included in the prior season, Broadway grosses this year rose 3.5%, attendance increased 1.8% and average ticket prices climbed 1.7%. This comes ahead of Sunday's Tony Awards, setting a high-stakes background for the industry's biggest night. The awards often lead to further ticket sales for winning shows. While consumers have pulled back in some discretionary categories, demand for live entertainment has remained remarkably strong — from concerts and sporting events to theater. The New York Fed's beige book has made explicit mentions of Broadway nearly a dozen times over the last two decades as an economic indicator, most recently in April saying "ticket sales remained strong." But Broadway's record year highlights a growing question: Have live performances become too expensive to balance rising production costs ? The average Broadway ticket cost $131 this season. For a family of four attending a musical, tickets alone can easily exceed $500 before accounting for transportation, meals and other expenses. In many cases, premium seats cost significantly more. At higher rates, the total expenses start to rival a one-day trip to Disney...
Ben Johns comes over to the right side to hit a dink shot against Anna Bright and Hayden Patriquine in the 2026 PPA Carvana Mesa Cup finals match of the Pro Mixed Doubles Division at Arizona Athletic Grounds on February 22, 2026 in Mesa, Arizona. Bruce Yeung | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-...
Ben Johns comes over to the right side to hit a dink shot against Anna Bright and Hayden Patriquine in the 2026 PPA Carvana Mesa Cup finals match of the Pro Mixed Doubles Division at Arizona Athletic Grounds on February 22, 2026 in Mesa, Arizona. Bruce Yeung | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Last month, investment firms of the ultra wealthy went all-in on sports and played on multiple fronts. At the beginning of May, billionaire Tom Dundon's namesake family office partnered with Apollo's new sports fund to invest $225 million in Pickleball Inc ., the parent company of Major League Pickleball and the PPA Tour. Dundon is already an owner of the Portland Trail Blazers NBA team and the NHL's Carolina Hurricanes. As for the major leagues, Michael Dell, as part of an investor group led by Silver Lake's Egon Durban, bought a 25% stake in the Las Vegas Raiders football team. Dell is also a minority investor in the NBA's San Antonio Spurs and the Austin Gamblers, a professional bull riding team. Family offices made 51 direct investments in companies in May, holding steady from April's deal tally, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. A Goldman Sachs survey released last fall found that 25% of family offices have invested in sports or related assets like ticketing or arenas and another quarter are interested in doing so. Asides from love of the game, many investors are drawn to the sector as an inflation hedge. Student housing mogul David Adelman has used his family office to extend his reach into the sports economy. Adelman is a part-owner of the NBA's Philadelphia 76ers, English Premier League club Crystal Palace and the New Jersey Devils ice hockey team and an investor in sports merchandise giant Fanatics. In May, his inv...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Alphabet CEO Sundar Pichai during the Bloomberg Tech conference in San Francisco, June 4, 2025. David Paul Morris | Bloomberg | Getty Images A month ago, Alphabet briefly surpassed Nvidia by market cap. The stock has since been on a downward slide, and is on pace to wrap its fourth straight weekly drop, the longest losing streak...
In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Alphabet CEO Sundar Pichai during the Bloomberg Tech conference in San Francisco, June 4, 2025. David Paul Morris | Bloomberg | Getty Images A month ago, Alphabet briefly surpassed Nvidia by market cap. The stock has since been on a downward slide, and is on pace to wrap its fourth straight weekly drop, the longest losing streak in more than a year. That's the market mood Alphabet faces as it pursues $85 billion in fresh capital to help fund its artificial intelligence build-out. While Google has been Wall Street's favorite megacap tech name over the past year, some skepticism is seeping into the story as the cash-rich company seeks even more money for infrastructure and to advance AI models that it hopes will compete with offerings from Anthropic and OpenAI. "I never thought Google would need to hit the public markets to raise money to fund their spending," Dan Niles, founder of Niles Investment Management, said in an interview. Niles said Alphabet has "the best stack in all of AI" at scale, citing its models, tensor processing units, or TPUs, Android distribution, cloud business and search dominance. That strength, he contended, is what makes the equity raise so striking. watch now VIDEO 3:11 03:11 Alphabet raises $80 billion to fund AI build-out, including $10 billion from Berkshire Hathaway TechCheck Like its hyperscaler peers, Google is spending historic sums of cash on new data centers and the chips and systems needed to satisfy soaring demand for AI compute. In April, the company upped its guidance for capital expenditures for the year to as high as $190 billion from $185 billion. Before announcing on Monday that it would raise $80 billion in equity sales, including a $10 billion investment from Berkshire Hathaway , and then boosting that number to $85 billion on Wednesday, Google had already secured more than $55 billion in fresh debt since November. Melius Research estimates Google's free...
Indigo, citrus, and a touch of blush. It’s a Neo cocktail. | Photo: Antonio G. Di Benedetto / The Verge The MacBook Neo is Apple's cheapest laptop, its most colorful, and its easiest to repair in years . That means owners can buy replacement parts in all four of its available colors and swap them in on their own. So that got us thinking: What if we bought a Neo just to see how funky we could make ...
Indigo, citrus, and a touch of blush. It’s a Neo cocktail. | Photo: Antonio G. Di Benedetto / The Verge The MacBook Neo is Apple's cheapest laptop, its most colorful, and its easiest to repair in years . That means owners can buy replacement parts in all four of its available colors and swap them in on their own. So that got us thinking: What if we bought a Neo just to see how funky we could make it look with official parts? I ordered an indigo Neo to tinker with, and some spare parts from Apple's self-service site . View this post on Instagram I opted for a replacement trackpad and bottom case in blush, and USB-C ports and keycaps in citrus. My goal was to make it as mishmash-y as possible without changing out more labo … Read the full story at The Verge.
INDIANAPOLIS, June 05, 2026 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2026. Hurco recorded a net loss of $2,372,000, or $0.37 per diluted share, for the second quarter of fiscal year 2026, compared to a net loss of $4,063,000, or $0.62 per diluted share, for the corresponding period in fiscal year 2025. For the fir...
INDIANAPOLIS, June 05, 2026 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2026. Hurco recorded a net loss of $2,372,000, or $0.37 per diluted share, for the second quarter of fiscal year 2026, compared to a net loss of $4,063,000, or $0.62 per diluted share, for the corresponding period in fiscal year 2025. For the first six months of fiscal year 2026, Hurco reported a net loss of $5,840,000, or $0.91 per diluted share, compared to a net loss of $8,383,000, or $1.29 per diluted share, for the corresponding period in fiscal year 2025.
Hitachi, Ltd. (TSE:6501, "Hitachi") and Intel Corporation (NASDAQ: INTC, "Intel") today announced a strategic collaboration to explore opportunities that advance physical AI, advanced computing, and next-generation digital infrastructure across manufacturing, energy, mobility and other critical industries. Through the collaboration, the companies plan to combine Hitachi's information technology (I...
Hitachi, Ltd. (TSE:6501, "Hitachi") and Intel Corporation (NASDAQ: INTC, "Intel") today announced a strategic collaboration to explore opportunities that advance physical AI, advanced computing, and next-generation digital infrastructure across manufacturing, energy, mobility and other critical industries. Through the collaboration, the companies plan to combine Hitachi's information technology (IT) expertise, deep operational technology (OT) and product manufacturing knowledge with Intel's adva
Dividend stocks that raise their payouts routinely can be money-making machines for investors. You effectively get an increase in your dividend income from these investments by doing nothing, simply holding on. Three solid dividend-growth stocks that also pay high yields are Lowe's (NYSE: LOW) , Medtronic (NYSE: MDT) , and UnitedHealth Group (NYSE: UNH) . They recently raised their payouts, again....
Dividend stocks that raise their payouts routinely can be money-making machines for investors. You effectively get an increase in your dividend income from these investments by doing nothing, simply holding on. Three solid dividend-growth stocks that also pay high yields are Lowe's (NYSE: LOW) , Medtronic (NYSE: MDT) , and UnitedHealth Group (NYSE: UNH) . They recently raised their payouts, again. Here's a look at how much they raised their dividend payments and how much the stocks are yielding right now. Image source: Getty Images. Continue reading
Fresh off executing a landmark junk bond sale, data center firm TeraWulf Inc. is now exploring ways to access the leveraged loan market for its AI infrastructure build out. The company is working with Morgan Stanley and other banks on developing loan products, its Chief Financial Officer Patrick Fleury said in an interview. While TeraWulf’s next financing deal will still likely be a high-yield bon...
Fresh off executing a landmark junk bond sale, data center firm TeraWulf Inc. is now exploring ways to access the leveraged loan market for its AI infrastructure build out. The company is working with Morgan Stanley and other banks on developing loan products, its Chief Financial Officer Patrick Fleury said in an interview. While TeraWulf’s next financing deal will still likely be a high-yield bond, “it could also be a loan,” he said. About eight months ago, TeraWulf sold $3.2 billion of high yield bonds to expand a data center in New York, marking the biggest junk sale led by one Wall Street institution — in this case also Morgan Stanley — in more than three decades. Technology companies are tapping all corners of credit markets to meet AI’s unprecedented funding needs, driving Wall Street to engineer new debt structures to keep pace. “TeraWulf and many of its peers are actively working with banks on these products,” Fleury said. “The plumbing is largely there; the market is simply waiting for additional transactions to establish precedent.” That precedent arrived in late April when CoreWeave Inc. launched a first-of-its kind leveraged loan deal backed by customer contracts for graphic processing units from firms including OpenAI. The $3.1 billion loan racked up some $19 billion of investor orders, Bloomberg reported . Read More: CoreWeave Heralds New AI Borrowing Frontier With GPU-Backed Loan Accessing loan investors also provides a route to the collateralized loan obligation market, which represents the biggest buyers of leveraged loans, according to Fleury. That “opens up a significant new source of capital for the sector,” he said. TeraWulf — which is pivoting from its bitcoin miner roots — has been expanding its data center footprint, recently acquiring a high-performance computing development site in Eastern Kentucky. “Given the scale of capital required to build HPC infrastructure, expanding the available financing toolkit is an important step in the maturat...
LightFieldStudios/iStock via Getty Images Co-authored by Kody's Dividends Real estate investment trusts, or REITs, are often viewed as bond alternatives, largely because they rely on shares. Well, largely because they rely on debt or common share equity issuance to grow. The REIT structure is built in such a way that 90% of its taxable income must be doled out to shareholders, leaving very little ...
LightFieldStudios/iStock via Getty Images Co-authored by Kody's Dividends Real estate investment trusts, or REITs, are often viewed as bond alternatives, largely because they rely on shares. Well, largely because they rely on debt or common share equity issuance to grow. The REIT structure is built in such a way that 90% of its taxable income must be doled out to shareholders, leaving very little room to grow or recover from losses aside from printing new shares or issuing out new debt. Because of this, their share price often moves with the interest rates. When we look at what happens with the largest REIT index ( VNQ ) versus the federal funds rate, we can see that as the interest rates climb, the VNQ falls and vice versa. The question for many investors over the long term: Do we expect a continued trend downward of interest rates or a trend upwards? Right now, that question is hotly debated within the Federal Reserve itself. With Jerome Powell now leaving as the Fed chairman and Warsh coming in, we have an entirely new era at the Fed. One that has begun in disagreement. The Fed minutes, as they come out, reveal that the Fed is heavily divided and there is little interest in cutting interest rates while inflation is high from the Iran War. If interest rates are hiked, many REITs will decline in share value because there is pressure on their ability to issue debt, and they become less attractive versus safer investments in the bond or Treasury note space. It has been a difficult period for REITs in general, and many investors in that space are discouraged and frustrated. Yet over the long term, it can provide strong returns, especially for those who are seeking primarily income instead of overall capital gains. Today, I want to highlight one of the few REITs with decades of reliable dividend growth. Let's dive in! A Dividend King On Sale Now Federal Realty Q1 2026 Earnings Press Release As of March 31 st , 2026, Federal Realty Investment Trust's ( FRT ) portfolio c...
FlashMovie/iStock via Getty Images Introduction Last fall, I did my first JPMorgan Equity Premium Income ETF ( JEPI ) versus Pacer Metaurus US Large Cap Div Multiplier 400 ETF ( QDPL ) comparison article , where I not only declared QDPL the better choice but also switched my holdings from JEPI to QDPL. While overall I still hold that view, here I not only state why that holds but also discuss how ...
FlashMovie/iStock via Getty Images Introduction Last fall, I did my first JPMorgan Equity Premium Income ETF ( JEPI ) versus Pacer Metaurus US Large Cap Div Multiplier 400 ETF ( QDPL ) comparison article , where I not only declared QDPL the better choice but also switched my holdings from JEPI to QDPL. While overall I still hold that view, here I not only state why that holds but also discuss how each ETF provides potential benefits to a portfolio that the other does less so. Both ETFs rate a buy but for different investing goals as explained later. JPMorgan Equity Premium Income ETF review Seeking Alpha describes this ETF as (edited): The JPMorgan Equity Premium Income ETF invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The investment seeks current income while maintaining prospects for capital appreciation. The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund’s primary benchmark, the S&P 500 Index and (2) through equity-linked notes (ELNs), selling call options with exposure to the S&P 500 Index. The ETF was formed on May 20, 2020. The ETF has amassed $45B in AUM and charges 35 basis points [bps] in fees. The TTM yield is 8.3%, though payments vary monthly. The JEPI ETF factsheet describes their approach as such: Generates income through a combination of selling options and investing in U.S. large-cap stocks, seeking to deliver a monthly income stream from associated option premiums and stock dividends. Constructs a diversified, low-volatility equity portfolio through a proprietary research process designed to identify over- and undervalued stocks with attractive risk/return characteristics. Seeks to...
Lazy_Bear/iStock via Getty Images I know you may already be reading this with a certain level of skepticism. A SaaS? And a small cap on top of that? At least I would have some initial concerns. The "SaaSpocalypse" trend really has some basis behind it. Small companies with SaaS will struggle to compete in this market, especially those with a large addressable market and low switching costs, since ...
Lazy_Bear/iStock via Getty Images I know you may already be reading this with a certain level of skepticism. A SaaS? And a small cap on top of that? At least I would have some initial concerns. The "SaaSpocalypse" trend really has some basis behind it. Small companies with SaaS will struggle to compete in this market, especially those with a large addressable market and low switching costs, since both small players (startups) can emerge and behemoths like Microsoft ( MSFT ) can threaten them. But I see ServiceTitan, Inc. ( TTAN ) differently. Its business model is really interesting and it is not that pure SaaS that is easy to disrupt, despite being a relatively small company (~$7 billion market cap and ~$1.1 billion in annual revenue). The only big problem in my view is the valuation. Because even with the company reporting a good Q1 , I still find it difficult to justify the extremely high P/E with ~25% YoY growth. Q1 Earnings: Quite Solid ServiceTitan managed to deliver good numbers this quarter. Non-GAAP EPS was $0.37, beating consensus by $0.09. Revenue exceeded market expectations by $12.16 million. For fiscal year 2027 (this is fiscal Q1 2027) TTAN expects revenue of $1.14 billion at the high end of guidance. Breaking down these numbers, revenue this quarter was ~5% above expectations, adj. EPS was 32% above, and guidance (top line) was 2% above consensus. In other words, strong numbers that may trigger important revisions in the coming quarters. Going back to the numbers, GTV (gross transaction volume) grew 23% and reached $21.7 billion (even for a niche, it is a substantial volume). But revenue grew more than that, showing that take-rate and other initiatives had an effect. Growth was 25% both for revenue and platform revenue (which is where the highest margin is and almost the entire company). Just by looking at the chart below it is already possible to see that momentum is very good, since not only was YoY growth interesting, but QoQ it is also possible t...
JHVEPhoto/iStock Editorial via Getty Images Amgen Inc. ( AMGN ) is a biopharmaceutical company based in Thousand Oaks, California. It commenced its operations in 1980, focusing primarily on recombinant DNA technology and recombinant human insulin. It is now one of the most diversified companies in this space, offering treatments within the areas of general medicine, oncology, inflammation, and rar...
JHVEPhoto/iStock Editorial via Getty Images Amgen Inc. ( AMGN ) is a biopharmaceutical company based in Thousand Oaks, California. It commenced its operations in 1980, focusing primarily on recombinant DNA technology and recombinant human insulin. It is now one of the most diversified companies in this space, offering treatments within the areas of general medicine, oncology, inflammation, and rare diseases. I last covered Amgen in May 2025, giving it a H old rating . The stock has underperformed the market, but still gave a 27% positive total return versus the S&P 500 ( SP500 ) at almost 35%, thereby meeting my criteria for a Hold rating. I tend to assign a Buy rating if I believe the stock will outperform the market over the next 1-2 years unless otherwise stated, and a Sell rating if I believe the stock price will fall. I welcome another opportunity to look at Amgen given four more quarters of earnings results and developments in their pipeline to assess. Seeking Alpha Amgen have a portfolio incorporating several dozen drugs. While this provides some safety in terms of diversification, it also tends to limit upside. Even if one of their drugs absolutely explodes in terms of revenue growth, total revenue could easily be flattened with slow and steady sales declines from more established drugs in their portfolio that, say, lose patent exclusivity or face gradual obsolescence due to the emergence of a superior competitor. As such, stocks like Amgen – and I would include Roche ( RHHBY ), AbbVie ( ABBV ), Merck ( MRK ), and GSK ( GSK ) in this same category – do not perform like an early-stage biotech that has its entire fortunes riding on a single product. Think of Madrigal Pharmaceuticals ( MDGL ) or Lenz Therapeutics ( LENZ ) in this other category. Amgen’s fortunes ride on careful execution, overhead cost management and margin controls (e.g., through distribution, manufacturing, supply chain management, and scaling), long-term pipeline development (sustained R&D i...
branex/iStock via Getty Images Thesis In this article, I am upgrading my previous coverage of Green Plains ( GPRE ) from a Sell to a Hold rating. The price performance since my early March article has been negative, down 5% at the time of this writing. However, the underlying fundamentals of the global refining sector point to higher ethanol consumption now that the Iranian conflict appears to be ...
branex/iStock via Getty Images Thesis In this article, I am upgrading my previous coverage of Green Plains ( GPRE ) from a Sell to a Hold rating. The price performance since my early March article has been negative, down 5% at the time of this writing. However, the underlying fundamentals of the global refining sector point to higher ethanol consumption now that the Iranian conflict appears to be a long-term issue and not just a quick geopolitical spat. GPRE’s growth is held in both higher margins as well as higher 45Z tax credit realization as operations at the company’s ethanol plants improve. Thus, I believe the company is positioned for moderate earnings growth. However, the current earnings profile is largely tied to production and not commodity based. This justifies a valuation premium in the long-term as the company demonstrates a consistent earnings track record. I have increased my rating due to the long-term potential of the stock. I do, however, maintain that the easy money has already been made. Updates To My Previous Analysis The first quarter served as an important milestone for GPRE. In this quarter, the company realized a full contribution of 45Z tax credits following the startup of carbon sequestration at the company’s “Advantage Nebraska” operating region. The full quarter, in addition to solid utilization at the company’s facilities, have allowed the company to increase 2026 EBITDA projections by 13% to $212.5m at the midpoint. This effectively improves the company’s forward valuation by approximately half a turn, to 7.0x 2026 EBITDA. This performance has also allowed the company to report profitable earnings for the third consecutive quarter. More importantly, the earnings are now closely aligned with production levels and less so to the cyclical earnings of ethanol margins. This significantly enhances the reliability of the company's earnings, while still maintaining upside from the strong pull in refined fuels that the market is currently exper...
Dony/iStock via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIA's Petroleum Supply monthly PSM, which provides updated production information up to March 2025. U.S. March oil production decreased by 1 kb/d to 13,696 kb/d and is down by 168 kb/d from October 2025. The largest decrease came from TX. April production...
Dony/iStock via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIA's Petroleum Supply monthly PSM, which provides updated production information up to March 2025. U.S. March oil production decreased by 1 kb/d to 13,696 kb/d and is down by 168 kb/d from October 2025. The largest decrease came from TX. April production is expected to rise by 49 kb/d to 13,745 kb/d according to the May STEO. Peak US oil production occurred in October 2025 at 13,864 kb/d but may be exceeded in early 2027, according to the STEO forecast. The dark blue graph, taken from the May 2026 STEO, is the U.S. oil production forecast from April 2026 to December 2027. Output for December 2027 is expected to rise to 14,239 kb/d, upwardly revised by 82 kb/d from last month. From April 2026 to December 2027, U.S. oil production is expected to increase by 494 kb/d. The light blue graph is the STEO's forecast for the Onshore L48 output to December 2027. March Onshore L48 production increased by 2 kb/d to 11,303 kb/d. From March 2026 to December 2027, production is expected to increase by 658 kb/d to 11,961 kb/d, upwardly revised by 69 kb/d. The rising production starting in October 2026, according to the EIA, is due to expected higher prices for WTI and more NG pipelines being built. Note how production is essentially flat out to November 2026. U.S. Oil Production Ranked by State Listed above are the 10 US states with the largest oil production along with production from the Gulf of Mexico. These 10 states accounted for 82.8% of all U.S. oil production out of a total production of 13,696 kb/d in March 2026. On a MoM basis, March oil production in these 10 states dropped by 2 kb/d. On a YoY basis, US overall production increased by 243 kb/d, with the largest contributors being Texas and New Mexico and the largest decliner being North Dakota. State Oil Production Charts Texas’ March oil production decreased by 26 kb/d to 5,77...
The US Senate handed President Donald Trump a victory early on Friday morning, passing a bill that would provide the Department of Homeland Security with an additional US$70 billion for immigration enforcement and sending it to the House of Representatives for final consideration. The Senate voted 52-47 to approve the legislation, with no support from Democrats and no provision to ban a US$1.8 bi...
The US Senate handed President Donald Trump a victory early on Friday morning, passing a bill that would provide the Department of Homeland Security with an additional US$70 billion for immigration enforcement and sending it to the House of Representatives for final consideration. The Senate voted 52-47 to approve the legislation, with no support from Democrats and no provision to ban a US$1.8 billion “anti-weaponisation” fund that could compensate Trump’s political allies for allegations that...
Four drone-technology stocks, including ESLT, ADI, HEI and TDY, offer exposure to defense, AI and aerospace trends that could lift portfolio returns in 2026.
Four drone-technology stocks, including ESLT, ADI, HEI and TDY, offer exposure to defense, AI and aerospace trends that could lift portfolio returns in 2026.
Pre-Market Stock Futures: Futures are trading mixed on Friday as we prepare to close out one of the craziest weeks on Wall Street this year. On a day when we saw yet another all-time high, investors rotated out of chip stocks and into healthcare and industrials after Broadcom (NASDAQ: AVGO) posted disappointing results. When the ... Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb,...
Pre-Market Stock Futures: Futures are trading mixed on Friday as we prepare to close out one of the craziest weeks on Wall Street this year. On a day when we saw yet another all-time high, investors rotated out of chip stocks and into healthcare and industrials after Broadcom (NASDAQ: AVGO) posted disappointing results. When the ... Here Are Friday’s Top Wall Street Analyst Research Calls: Airbnb, Broadcom, Chipotle Mexican Grill, CrowdStrike, Fiserv, Lululemon Athletica, NVIDIA, Tesla, Walmart,
Tony Anderson/DigitalVision via Getty Images The BNY Mellon Global Infrastructure Income ETF ( BKGI ) is an exchange-traded fund that provides investors with a way to earn a 2.69% yield by investing in a globally diversified portfolio of infrastructure companies. Admittedly, this is a lower yield than many other closed-end funds possess, and it is lower than the 6% that the fund targets as a distr...
Tony Anderson/DigitalVision via Getty Images The BNY Mellon Global Infrastructure Income ETF ( BKGI ) is an exchange-traded fund that provides investors with a way to earn a 2.69% yield by investing in a globally diversified portfolio of infrastructure companies. Admittedly, this is a lower yield than many other closed-end funds possess, and it is lower than the 6% that the fund targets as a distribution yield. Despite this, though, the fund still offers far better income potential than most common equity index funds, and infrastructure companies own real assets and tend to have very inflation-resistant cash flows, so the fund could still certainly be worth considering for an investor whose primary goal is to earn an income and support themselves from the assets that they have accumulated over time. Let us take a closer look at this fund today and see if it could deserve a place in your portfolio. About The BNY Mellon Global Infrastructure Income ETF The fund’s website offers the following description of the fund’s strategy: The fund provides a differentiated infrastructure approach – focusing on both traditional (energy, industries, and utilities) and non-traditional infrastructure assets (communication services, health care, and real estate), which can provide a broader opportunity set in the infrastructure space. As this quoted statement makes clear, the BNY Mellon Global Infrastructure Income ETF invests in both traditional and non-traditional assets. This is something that sets it apart from energy infrastructure closed-end funds such as the Kayne Anderson Energy Infrastructure Fund ( KYN ) or the Neuberger Energy Infrastructure and Income Fund ( NML ). After all, both of these funds invest exclusively in energy infrastructure companies such as pipeline operators and liquefied natural gas producers. The BNY Mellon Global Infrastructure Income ETF does have the ability to invest in these companies, but it also has the ability to invest in other companies, such a...