On Wednesday, former hedge fund manager known as the "Pharma Bro," Martin Shkreli, pushed back on Sen. Elizabeth Warren's (D-Mass.) accusations that several major U.S. corporations paid no federal income tax. Warren Targets Major US Corporations Warren took to X and said that if taxpayers paid even a small amount in federal income tax last year, they contributed more than several large companies, ...
On Wednesday, former hedge fund manager known as the "Pharma Bro," Martin Shkreli, pushed back on Sen. Elizabeth Warren's (D-Mass.) accusations that several major U.S. corporations paid no federal income tax. Warren Targets Major US Corporations Warren took to X and said that if taxpayers paid even a small amount in federal income tax last year, they contributed more than several large companies, including Tesla Inc., Walt Disney Co., Palantir Technologies, CVS Health, Citigroup and others. She
Martin Shkreli Says Elizabeth Warren Shoots From The Hip And Is Wrong About Tesla, Disney And Palantir Paying Zero Taxes: 'You Don't Know Facts' Yahoo Finance
Martin Shkreli Says Elizabeth Warren Shoots From The Hip And Is Wrong About Tesla, Disney And Palantir Paying Zero Taxes: 'You Don't Know Facts' Yahoo Finance
A man looks at a screen displaying stock market data. Photo: VCG China’s top securities regulator has proposed unified rules for calculating illegal gains from capital-market violations, stipulating that perpetrators cannot offset profits with losses from separate offenses. The China Securities Regulatory Commission on Friday published draft rules to standardize calculations for both trading and n...
A man looks at a screen displaying stock market data. Photo: VCG China’s top securities regulator has proposed unified rules for calculating illegal gains from capital-market violations, stipulating that perpetrators cannot offset profits with losses from separate offenses. The China Securities Regulatory Commission on Friday published draft rules to standardize calculations for both trading and non-trading violations.
Alones Creative/iStock via Getty Images To say the War with Iran is a fluid situation would be an understatement. The news changes by the day, and even in any given day, official estimates can vary from " war should end soon " to " a deal will take 6 months ". And any deal that seems to be imminent could fall apart at any moment. My hope is this article will still be relevant by the time it is pub...
Alones Creative/iStock via Getty Images To say the War with Iran is a fluid situation would be an understatement. The news changes by the day, and even in any given day, official estimates can vary from " war should end soon " to " a deal will take 6 months ". And any deal that seems to be imminent could fall apart at any moment. My hope is this article will still be relevant by the time it is published. The goal of this article is to game out one of the worst case scenarios where there is impasse on reaching a deal, the US blockade persists, and the Strait of Hormuz remains effectively closed for a long period of time (>1 year). Under this scenario, what are the impacts to oil supply, and what are some investments that will benefit? Capitalism Finds a Way Pre-war, roughly 20M barrels per day (b/d) of crude oil and refined petroleum products shipped through the Strait of Hormuz, or about 20% of global petroleum consumption - which, if fully disrupted, sounds like an apocalyptic number, until you consider what happened during other similar commodity disruptions such as the Russia/Ukraine war. At the onset of Russia/Ukraine war, some people were predicting massive disruption in fertilizers and energy that would've caused a surge in famine and the deindustrialization of Western Europe . However, through a combination of supply diversification, demand reductions, policy interventions, and adaptive market responses, the worst predictions were largely averted. Similarly, let's objectively evaluate how the market may adapt to the conflict with Iran. Saudi and Nearby Pipelines Gulf Pipelines Detours (Houseofsaud.com) The largest single bypass is the east-west Saudi pipeline that redirects products to the Red Sea. It is now running at capacity - 5M b/d of crude goes directly to export, and another 2M b/d gets refined domestically before being exported as petroleum products, for a total of 7M b/d. UAE's ADCOP and other smaller pipelines in the area redirects another 2M b/d to...
China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas following the high-profile Nexperia saga. Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite...
China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas following the high-profile Nexperia saga. Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite multiple rounds of discussions, the Committee on Foreign Investment in the United States (CFIUS)...
Rodrigo Magana/iStock Editorial via Getty Images Introduction Legrand ( LGRVF ) ( LGRDY ) focuses on electrical and digital building infrastructure. I covered the company in 2023 , and although I was not impressed with its metrics, the market has proven me wrong, as the share price has almost doubled. Unfortunately, this still means the stock is pretty expensive, even if I were to apply the target...
Rodrigo Magana/iStock Editorial via Getty Images Introduction Legrand ( LGRVF ) ( LGRDY ) focuses on electrical and digital building infrastructure. I covered the company in 2023 , and although I was not impressed with its metrics, the market has proven me wrong, as the share price has almost doubled. Unfortunately, this still means the stock is pretty expensive, even if I were to apply the targets for 2030 as outlined on its capital markets day. Yahoo Finance Legrand has its primary listing on Euronext Paris, where it's trading with LR as its ticker symbol . There are currently 262M shares outstanding, resulting in a market capitalization of 39B EUR based on the current share price of just under 150 EUR. As the average daily volume in Paris is 600,000 shares (for a monetary value of almost 90M EUR per day), investors should focus on the primary listing and avoid less liquid secondary listings. I will use the euro as the base currency throughout this article A good result in 2025 with double-digit revenue growth Legrand reported a total revenue of approximately €9.5 billion in 2025 . That's a double-digit increase compared to the preceding year, while the company was able to keep its operating expenses under control. This also resulted in the operating profit increasing by a similar percentage. As you can see below, the operating profit came in at 1.81 billion, and although the net financial expenses increased as well, it's quite clear the pre-tax income showed a very nice increase compared to the 2024 results. Legrand Investor Relations The net income was approximately 1.25B EUR, of which 1.24B EUR was attributable to the shareholders of Legrand. This represented an earnings per share of approximately 4.75 EUR. In my previous article I was also focusing on the free cash flow performance of the company, as I think this is a more important metric to see how well a business is performing. During 2025, Legrand generated a total operating cash flow of approximately 1.58...
George Russell says Formula 1 "would not want to lose" Max Verstappen - but would "understand" if the four-time world champion decided to leave the sport.
George Russell says Formula 1 "would not want to lose" Max Verstappen - but would "understand" if the four-time world champion decided to leave the sport.
Lionesses sit top of World Cup qualifying group Saturday’s match will be 500th in team’s history Sarina Wiegman has said it is important England get the right result against Iceland in Saturday’s World Cup qualifier to make the win against Spain at Wembley on Tuesday “even more valuable”. England put themselves in pole position in their qualifying group with the tight 1-0 victory over Spain , with...
Lionesses sit top of World Cup qualifying group Saturday’s match will be 500th in team’s history Sarina Wiegman has said it is important England get the right result against Iceland in Saturday’s World Cup qualifier to make the win against Spain at Wembley on Tuesday “even more valuable”. England put themselves in pole position in their qualifying group with the tight 1-0 victory over Spain , with Lauren Hemp’s early goal the difference. The European champions have three wins from three and with only the top team from each group in League A securing automatic qualification and avoiding the playoffs, the incentive to keep winning is high. Continue reading...
Ekaterina Chizhevskaya/iStock Editorial via Getty Images When it comes to the airline industry, one company that should not be ignored is Alaska Air Group, Inc. ( ALK ). The last time I wrote about the business was back in April of last year. In fact, it was almost exactly a year to the day. At that time, revenue for the company had been surging. But this was because of its merger with Hawaiian Ho...
Ekaterina Chizhevskaya/iStock Editorial via Getty Images When it comes to the airline industry, one company that should not be ignored is Alaska Air Group, Inc. ( ALK ). The last time I wrote about the business was back in April of last year. In fact, it was almost exactly a year to the day. At that time, revenue for the company had been surging. But this was because of its merger with Hawaiian Holdings. When I dug deeper, what I found was that profitability for the business was worsening because of increased operating costs and integration expenses. Management even made the decision to withdraw guidance for 2025 because of broader economic uncertainty. Because of this, I decided, as an abundance of caution, to reaffirm the company as a Hold candidate. But since then, the stock has underperformed the market. Shares are up only 2.5%, while the S&P 500 ( SP500 ) is up 30.9%. And the reason for this, in my view, is that profitability for the business remains under pressure. For this year, management expects an overall boost in capacity. And shares of the business are trading on the cheap on an absolute basis, even though they might be pretty much fairly valued compared to other similar firms. If it weren't for the fact that we are starting to see some weakness when it comes to the aviation industry, I would probably turn slightly bullish here. But for now, I think that sticking with my previous rating is appropriate. One reason for this stems from the fact that, right now at least, analysts seem a bit pessimistic about the company. They are forecasting additional revenue growth for the first quarter of the 2026 fiscal year that we will soon see data for. But profitability is forecasted to worsen. At some point, industry conditions will improve. And when that does transpire, I think upgrading it will be appropriate if management can get costs under control. Unless, however, management can prove that this is happening when earnings do come out in the coming days, I think...
takasuu The market has likely hit a near-term bottom following a “textbook classic” V-shaped recovery from recent geopolitical turmoil, according to Matt Powers, managing partner at Powers Advisory Group. The Nasdaq’s ( COMP:IND ) 12-day winning streak—its longest since 2009—and the S&P 500’s ( SP500 ) return to highs in just 15 trading days demonstrate remarkable resilience. “It tells you the und...
takasuu The market has likely hit a near-term bottom following a “textbook classic” V-shaped recovery from recent geopolitical turmoil, according to Matt Powers, managing partner at Powers Advisory Group. The Nasdaq’s ( COMP:IND ) 12-day winning streak—its longest since 2009—and the S&P 500’s ( SP500 ) return to highs in just 15 trading days demonstrate remarkable resilience. “It tells you the underlying trend is still pretty strong and how resilient this market really is,” Powers told CNBC. However, Powers cautioned that the market remains highly sensitive to external factors despite the swift recovery. Oil prices ( CL1:COM ), ( CO1:COM ), Federal Reserve timing, and potential geopolitical escalations could quickly shift sentiment, even though much of the macro risk appears to be priced in. “This is still very much a headline-driven market. I don’t think we’re out of the woods yet,” he said. The rally’s narrow leadership remains a concern for market health. Powers noted that approximately 40% of the gains off the lows have been driven by just five mega-cap names: NVIDIA ( NVDA ), Microsoft ( MSFT ), Apple ( AAPL ), Alphabet ( GOOG ), ( GOOGL ), and Amazon ( AMZN ). With the equal-weight S&P 500 ( SP500 ) lagging the cap-weighted index, most stocks are not participating in the upward trend, which Powers described as “not the most healthy setup if you’re talking about a durable move higher in the market.” For the rally to prove sustainable, Powers emphasized that market participation must broaden beyond mega-cap technology stocks. “Regardless of cap size, I think just again for this rally to work from here, it has to broaden,” he explained, adding that strong earnings reports will be essential to provide a solid foundation for continued growth. Despite recent volatility, Powers reported that investor sentiment remains surprisingly calm based on his daily client meetings. “There’s no panic in the system right now… Investors are staying invested,” he observed. This res...
TD Cowen analyst Derrick Wood lowered the firm’s price target on Microsoft (MSFT) to $540 from $610 and keeps a Buy rating on the shares. The firm previewed its Q3 where they expect Azure upside to be limited and growth to remain steady given GPU capacity priorities. Cowen suspects much is going towards internal R&D for frontier-like model building but they do look for modest unlock in M365.Claim ...
TD Cowen analyst Derrick Wood lowered the firm’s price target on Microsoft (MSFT) to $540 from $610 and keeps a Buy rating on the shares. The firm previewed its Q3 where they expect Azure upside to be limited and growth to remain steady given GPU capacity priorities. Cowen suspects much is going towards internal R&D for frontier-like model building but they do look for modest unlock in M365.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decis
Badger Meter ( BMI ) shares slipped nearly 17% on Friday after the company missed Q1 earnings and revenue estimates. The company reported Q1 earnings per share of $0.93, missing estimates by $0.26, while revenue of $202.03M missed consensus estimates by $28.58M. The company, which provides utility water smart metering solutions and software technologies and services to the municipal water utility ...
Badger Meter ( BMI ) shares slipped nearly 17% on Friday after the company missed Q1 earnings and revenue estimates. The company reported Q1 earnings per share of $0.93, missing estimates by $0.26, while revenue of $202.03M missed consensus estimates by $28.58M. The company, which provides utility water smart metering solutions and software technologies and services to the municipal water utility market, stated that its utility water sales declined 10% year-over-year, reflecting project timing and softer short‑cycle municipal customer ordering. Additionally, sales of its flow instrumentation products decreased 4%, with modest growth in water-related markets more than offset by lower demand in the de-emphasized array of market applications. Kenneth C. Bockhorst, Chairman, President, and Chief Executive Officer, said, “Entering 2026, we expected project pacing dynamics to favor the back half of the year. Our first quarter results were consistent with that expectation, reflecting comparisons to the prior‑year period when several since-completed projects were still in active deployment. Additionally, we experienced weaker than anticipated short-cycle order rates in the first quarter of 2026.” Bockhorst added that the company expects revenue to improve sequentially as awarded projects advance into deployment. Increasing project activity and a more normalized mix will support a stronger revenue run-rate as the firm exits 2026, with full‑year revenue, excluding acquisitions, expected to be relatively flat versus 2025. Badger Meter shares dipped nearly 28% so far this year, underperforming the benchmark S&P 500, which gained nearly 3% during the same period. More on Badger Meter Badger Meter: A Good Long-Term Buy At Reasonable Valuation (Rating Upgrade) Badger Meter GAAP EPS of $0.93 misses by $0.26, revenue of $202.3M misses by $28.58M Badger Meter acquires UDlive for $100M to boost sewer monitoring business
Paul Quinn convicted in light of DNA evidence from 2003 attack that led to notorious miscarriage of justice A man who evaded justice for more than two decades has been found guilty of the 2003 rape for which Andrew Malkinson was wrongfully jailed for 17 years. Paul Quinn, 52, was convicted by a jury on Friday after a fresh forensic analysis found traces of his DNA on the victim. Continue reading.....
Paul Quinn convicted in light of DNA evidence from 2003 attack that led to notorious miscarriage of justice A man who evaded justice for more than two decades has been found guilty of the 2003 rape for which Andrew Malkinson was wrongfully jailed for 17 years. Paul Quinn, 52, was convicted by a jury on Friday after a fresh forensic analysis found traces of his DNA on the victim. Continue reading...
Getty Images While we consider both abrdn Global Premier Properties Fund ( AWP ) and CBRE Global Real Estate Income Fund ( IGR ) very poor investments, they are undeniably attractive to income investors. Why? The two of them pay out distributions monthly and are quite generous. Neither of them have a problem paying out more than they earn to hold on to their key demographic. Data by YCharts After ...
Getty Images While we consider both abrdn Global Premier Properties Fund ( AWP ) and CBRE Global Real Estate Income Fund ( IGR ) very poor investments, they are undeniably attractive to income investors. Why? The two of them pay out distributions monthly and are quite generous. Neither of them have a problem paying out more than they earn to hold on to their key demographic. Data by YCharts After rating IGR a Strong Sell last August, we did a 180 of sorts and went with a Buy in December. Seeking Alpha The fundamentals of the closed end fund did not factor in changing our mind. It was simply a matter of weighing which of the two evils, IGR or AWP, made more sense at that time. We figured if income investors HAD to buy one of them, why not highlight the one that would do less damage to their portfolio. After discussing the cons of both the funds, we stated the one redeeming point for IGR and made our recommendation. ... hence we are temporarily moving IGR to a Buy, and AWP to Strong Sell as part of a paired trade. Investors can just switch between them, if they don't want to initiate a paired trade. We think it has the potential to deliver 10% alpha over the next year, though alpha in this case may just mean less of a loss. Source: AWP To IGR: Yes You Can Consider Switching To The Higher Yielding Choice We expected the pair trade to deliver 10% alpha (performance differential) over the next 12 months. It has almost done that in 4 months, with most of it coming from price appreciation. Data by YCharts Today, we make IGR the focus of our review and see if sticking with IGR after these total returns still make sense. We will also briefly introduce the fund for those readers that are just starting their income investing journey. The Fund IGR’s primary objective is to earn high current income by investing in equities and preferred stocks from the real estate sector. As is evident below, the fund is well diversified within this sector, with Retail, Healthcare, Industrial, R...
Chevron (NYSE: CVX) was already on track to have a stellar year well before the war with Iran sent crude prices soaring. The oil giant completed several major growth capital projects last year and closed its needle-moving acquisition of Hess. These growth drivers, along with its cost-savings initiatives, positioned the oil giant to produce an additional $12.5 billion of free cash flow at $70 oil t...
Chevron (NYSE: CVX) was already on track to have a stellar year well before the war with Iran sent crude prices soaring. The oil giant completed several major growth capital projects last year and closed its needle-moving acquisition of Hess. These growth drivers, along with its cost-savings initiatives, positioned the oil giant to produce an additional $12.5 billion of free cash flow at $70 oil this year. With crude prices now in the $90s, Chevron is on track to produce an even bigger gusher of free cash flow. Higher oil prices aren't the only major additional catalyst for the oil stock this year. Chevron recently added two more drivers to its high-octane growth engine. Here's a look at how they could enhance its long-term growth profile. Image source: The Motley Fool. Continue reading