J Studios/DigitalVision via Getty Images Summary Northern Trust Corporation's ( NTRS ) share price has risen 46% on a one-year basis and is still trading below historical peak levels on a forward P/E multiple. The share price has underperformed key peers even though longer-term EPS growth rates are similar. NTRS' earning growth will be driven by increased secular demand for custodian services, whi...
J Studios/DigitalVision via Getty Images Summary Northern Trust Corporation's ( NTRS ) share price has risen 46% on a one-year basis and is still trading below historical peak levels on a forward P/E multiple. The share price has underperformed key peers even though longer-term EPS growth rates are similar. NTRS' earning growth will be driven by increased secular demand for custodian services, which is expected to grow to a $43.7bn industry in 2030 from $32.7bn in 2026, translating into stronger operating leverage for the company. NTRS has a 100% shareholder payout ratio and is currently yielding 1.78%. I rate the stock as a BUY. Company Background Northern Trust Corporation is a global financial institution that serves three primary functions: wealth management, investment management, and fund management services. Wealth management caters to high-net-worth individuals and families through services such as financial planning, private banking, trust & estate services, philanthropy, and family office services. Investment management entails managing portfolios such as mutual funds and ETFs across diverse investment strategies. NTRS has around $1 trillion of assets under management (AUM) within investment management. Finally, asset servicing provides custody, fund administration, technology/back office solutions, and fiduciary services for large institutional clients. As of 1Q26, NTRS had $13.5bn in assets under custody . 61% of revenue is derived from the services above (called asset servicing fees), with 30% being from net interest income, or NIM, which is the spread between what NTRS earns when it deposits clients' funds into safe government securities to earn interest and what it pays out in interest to clients. The remaining 10% of revenue is from other non-interest categories, which include items such as commissions from foreign exchange and equity trading, for example. What Drives Earnings Asset servicing fees are the main growth driver for the company. As NTRS e...
(RTTNews) - Finishing off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department revealed on Thursday that this month's auction of $22 billion worth of thirty-year bonds attracted modestly above average demand.
(RTTNews) - Finishing off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department revealed on Thursday that this month's auction of $22 billion worth of thirty-year bonds attracted modestly above average demand.
A number of stocks jumped in the afternoon session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.
A number of stocks jumped in the afternoon session after semiconductor stocks rebounded amid dip buying following a recent selloff, as reports revealed that China may ease restrictions on advanced Nvidia AI chip imports.
Gold – a portfolio diversifier and hedge – suffered an ugly second quarter, but investors should think twice before planning to jettison the precious metal from their portfolios. Gold futures shed more than 13% in the second quarter – the worst since 2013. The precious metal is typically thought of as a safe-haven asset for investors, but it has seen its share of turbulence amid heightened geopoli...
Gold – a portfolio diversifier and hedge – suffered an ugly second quarter, but investors should think twice before planning to jettison the precious metal from their portfolios. Gold futures shed more than 13% in the second quarter – the worst since 2013. The precious metal is typically thought of as a safe-haven asset for investors, but it has seen its share of turbulence amid heightened geopolitical tensions. For starters, gold futures have fallen 21% since the start of the Iran war. That comes after gold prices touched record highs early in the year. Gold futures also tumbled 0.2% during Wednesday's trading as oil prices rose and the Middle East conflict worsened. On that day, the S & P 500 dropped about 0.5%. @GC.1 .SPX 3M mountain The S & P 500 and gold futures in the past three months While the action is enough to raise worries that gold's hedging ability is losing its shine, investors may want to rethink their expectations for the precious metal, as well as its place in their portfolio. "The hedging role is there, but it's probably a little more inconsistent than you would think," said Roger Aliaga-Diaz, Vanguard's global head of portfolio construction. "It's not a rule that every time there's an equity drawdown that you'll have gold there to offset that." Gold's portfolio role There's a case to be made for gold in that it's historically held up in periods of major geopolitical shocks. Gold has averaged a four-week return of 1.8% and a median return of 3% in the run-up to and during major geopolitical shocks between 1985 and 2024, an analysis by JPMorgan Private Bank found. Meanwhile, the 10-year Treasury and stocks both have posted average declines of 1.6% and median losses of 1.9%. The metal is also a hedge against the dollar, according to Aliaga-Diaz. "When you have situations where perhaps the value of the dollar, the stability of the dollar and the credibility of the Fed are called into question, that's probably when you will see flows going into gold."...
quantic69/iStock via Getty Images Tensions flared once again in the Middle East this week, with the U.S.-Iran ceasefire appearing to have come to an end. The Strait of Hormuz is once again in focus, with oil vessels scaling back on traversing the key waterway. Many macro strategists and energy traders expected ebbs and flows between the Trump administration and the Iranian regime, however, and oil...
quantic69/iStock via Getty Images Tensions flared once again in the Middle East this week, with the U.S.-Iran ceasefire appearing to have come to an end. The Strait of Hormuz is once again in focus, with oil vessels scaling back on traversing the key waterway. Many macro strategists and energy traders expected ebbs and flows between the Trump administration and the Iranian regime, however, and oil prices remain not far above pre-war levels. Indeed, Energy sector equities are a long way below March YTD highs. Today, I’m revisiting the iShares Global Energy ETF ( IXC ). I had a "B uy" rating on the fund back in September 2025 , and shares have returned a solid 29% since then, outperforming the S&P 500 by two percentage points. I’m downgrading IXC to a "H old" today, though. The valuation still appears attractive, but I’m somewhat disappointed by oil & gas equities price action amid what should be bullish geopolitical conditions. IXC Lags Oil, Beating Global Stocks YTD StockCharts .com According to the issuer , IXC seeks to track the investment results of an index comprising global energy sector equities. It offers investors exposure to shares of companies worldwide that produce and distribute oil and gas. IXC is a somewhat small ETF, now with $2.1 billion in assets under management as of July 8, 2026. That’s down fractionally from $2.2 billion at the time of my previous analysis. Its annual expense ratio is moderate at 40 basis points, while the trailing 12-month dividend yield is high at 3.1%, which is about two percentage points above that of the S&P 500. Share-price momentum is rated well by Seeking Alpha’s quantitative scoring system, although I will note recent absolute and relative weakness on the chart later in the article. The current ETF Grade in that category is an A. As for risk, IXC has a moderate historical realized volatility percentage, and its concentrated sector exposure makes it susceptible to trends in geopolitics. For IXC to work, we need to see su...
In this article QQQ .SPX .NDX Follow your favorite stocks CREATE FREE ACCOUNT The Nasdaq MarketSite in New York, US, on Monday, June 15, 2026. Michael Nagle | Bloomberg | Getty Images Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF on Thursday is any indication. The trader spent $24 million on a three-part call spread that needs...
In this article QQQ .SPX .NDX Follow your favorite stocks CREATE FREE ACCOUNT The Nasdaq MarketSite in New York, US, on Monday, June 15, 2026. Michael Nagle | Bloomberg | Getty Images Tech bulls may not have to wait much longer for fresh highs, if the single-biggest trade in the Invesco QQQ Trust ETF on Thursday is any indication. The trader spent $24 million on a three-part call spread that needs the Nasdaq-100 index to make an all-time high by the end of this month, a high-conviction directional bet and the third-biggest trade among all options exchanged on Thursday. Despite recent volatility, the Nasdaq 100 has been effectively flat since May 14. The index last made a high on June 3, with most options volume centering around the $710 level, according to data from ThinkOrSwim. At the same time, the S&P 500 has been trading in a roughly 200-point range since early May. The main piece of the bullish position, executed about 90 minutes after the opening bell, was a $30 million purchase of 28,000 736-strike calls expiring July 31. At the same time, the person sold $6 million worth of the 730/740-strike call spread expiring the same date, lowering the cost of the trade, but pushing the breakeven up to about $750 – less than $2 above the QQQ high from early June. Stock Chart Icon Stock chart icon Invesco QQQ Trust, YTD "If he doesn't have another position against this, he needs Qs to explode higher," Scott Bauer, CEO of Chicago-based Prosper Trading Academy, said by phone. "The spread reduces his cost but pushes up the level for the breakeven. If the index just grinds he's going to get killed." Open interest in the 736-strike calls was equal to the volume of the trade at the time of execution, suggesting the trader might have been buying back calls that they sold, arguably a lower-conviction trade but still one that reflects a neutral to positive view on the index. Of the $1.6 billion in QQQ options traded Thursday, $944 million was tied to calls, according to SpotGamma...
In this week’s episode of Build Mode, Isabelle Johannessen talks with Precursor Ventures' Charles Hudson about the headwinds facing early-stage founders today and the most common mistakes founders should avoid in order to get funded.
In this week’s episode of Build Mode, Isabelle Johannessen talks with Precursor Ventures' Charles Hudson about the headwinds facing early-stage founders today and the most common mistakes founders should avoid in order to get funded.
Element Solutions Inc（纽约证券交易所代码：ESI）近期宣布将被Solstice Advanced Materials， Inc．收购，该交易引发多家股东权益律师事务所的调查，重点关注交易价格和程序的公平性。 Element Solutions是一家全球特种化学品公司，业务涵盖电子和特种两大板块。电子板块为印刷电路板设计和先进半导体封装提供特种化学品和工艺技术；特种板块则服务于...
Element Solutions Inc（纽约证券交易所代码：ESI）近期宣布将被Solstice Advanced Materials， Inc．收购，该交易引发多家股东权益律师事务所的调查，重点关注交易价格和程序的公平性。 Element Solutions是一家全球特种化学品公司，业务涵盖电子和特种两大板块。电子板块为印刷电路板设计和先进半导体封装提供特种化学品和工艺技术；特种板块则服务于半导体制造、电力传输基础设施和太空应用等高价值利基市场。该公司拥有约5200名员工，总部位于佛罗里达州迈阿密海滩。 根据2026年7月6日签署的合并协议，Element Solutions股东每股将获得10.00美元现金加上0.500股Solstice普通股。交易完成后，Element Solutions股东预计将持有合并后公司约44%的股份。 多家律所已启动调查，重点关注Element Solutions董事会是否履行了信义义务，包括是否寻求了最优价格、是否进行了公平的出售程序，以及内部人士是否在交易中获得了普通股东无法享有的特殊利益。有律所指出，交易协议中的重大罚金条款可能不合理地限制了Element Solutions接受竞争性出价的可能性。 这些调查旨在确定该交易是否低估了Element Solutions的价值，并可能寻求提高交易对价或采取其他法律行动以保护股东权益。交易仍需满足股东批准和监管许可等条件。 责任编辑：张俊 SF065
Apple and Nvidia are the world’s largest publicly traded companies by market capitalization, and they have the technical foundation to lead a Mag 7 resurgence.
Apple and Nvidia are the world’s largest publicly traded companies by market capitalization, and they have the technical foundation to lead a Mag 7 resurgence.
家具用品直销公司Betterware de México， S.A.P.I． de C.V．（纽约证券交易所代码：BWMX），以BeFra名义运营，宣布将于2026年7月23日（周四）美国市场收盘后发布其第二季度财务业绩。 公司将于同日美国东部时间下午5：30召开电话会议，讨论财务结果。投资者可通过BeFra投资者关系网站收听会议网络直播。 电话会议结束后约三小时起至2026年8月6日，将提供音频...
家具用品直销公司Betterware de México， S.A.P.I． de C.V．（纽约证券交易所代码：BWMX），以BeFra名义运营，宣布将于2026年7月23日（周四）美国市场收盘后发布其第二季度财务业绩。 公司将于同日美国东部时间下午5：30召开电话会议，讨论财务结果。投资者可通过BeFra投资者关系网站收听会议网络直播。 电话会议结束后约三小时起至2026年8月6日，将提供音频回放。 BeFra是墨西哥和拉丁美洲领先的品牌消费品平台之一，旗下拥有Betterware、Jafra和Tupperware三大品牌，业务覆盖墨西哥、巴西、美国及整个拉丁美洲地区。 BeFra此前报告2026年第一季度净收入为35.097亿墨西哥比索，同比增长0.3%，调整后EBITDA增长13.9%至6.099亿墨西哥比索，净利润同比增长86.7%至2.814亿墨西哥比索。 责任编辑：张俊 SF065
Investors choosing between Invesco Aerospace & Defense ETF (NYSEMKT:PPA) and ARK Space & Defense Innovation ETF (NYSEMKT:ARKX) may weigh the lower costs of PPA against the more aggressive, technology-focused strategy of ARKX. Both funds target the final frontier, but they take different trajectories. Invesco Aerospace & Defense ETF tracks a concentrated index of domestic aerospace and defense comp...
Investors choosing between Invesco Aerospace & Defense ETF (NYSEMKT:PPA) and ARK Space & Defense Innovation ETF (NYSEMKT:ARKX) may weigh the lower costs of PPA against the more aggressive, technology-focused strategy of ARKX. Both funds target the final frontier, but they take different trajectories. Invesco Aerospace & Defense ETF tracks a concentrated index of domestic aerospace and defense companies, providing exposure to traditional military contractors. In contrast, ARK Space & Defense Innovation ETF is an actively managed fund that casts a wider, more speculative net across orbital and suborbital technologies. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading