fadfebrian/iStock via Getty Images Conventional Wisdom About IPOs May Be Right But Not Always Relevant The SpaceX ( SPCX ) IPO has stirred interest in retail investors. At least news organizations perceive enough interest to publish explainer articles on how to get some shares. Another genre of articles that often accompanies hot IPOs are the cautionary ones, sometimes featuring famous value inves...
fadfebrian/iStock via Getty Images Conventional Wisdom About IPOs May Be Right But Not Always Relevant The SpaceX ( SPCX ) IPO has stirred interest in retail investors. At least news organizations perceive enough interest to publish explainer articles on how to get some shares. Another genre of articles that often accompanies hot IPOs are the cautionary ones, sometimes featuring famous value investors like Warren Buffett . Such articles often make a couple of key assumptions: 1. "Virtually no retail investor" has the opportunity to buy IPO shares at the offer price and thus pay the opening price when shares begin trading. 2. Shares are held continuously from that point forward. A study published by Edward Jones looking at 30 large US IPOs from the last 20 years shows that even for shorter-term traders, if measured from the opening trade, more than half of these issues have a negative return after one day and three months. The average return of the entire group was also negative. Edward Jones My personal IPO trading experience over the past 20 years has been much more satisfactory. In that time, I was able to get allocations for 24 different issues at the offer price. I also rarely held them for much longer than the 15- or 30-day anti-flipping period established by the broker. In some cases, I even violated the anti-flip period to preserve capital, even if it meant being locked out of other offerings for a few months. The table below shows that 22 out of 24 IPO trades delivered a positive return, with a weighted average gain of 53.6%. Many of these were small caps, reported to be even more dangerous than IPOs in general. Half of these companies were either eventually taken over (usually for not much more than my sell price) or went out of business completely. See the Appendix for a summary of the eventual disposition of each company. Author Spreadsheet It's clear from public data and my own experience that it's much safer to get shares at the offer price as opposed t...
Firefly Aerospace CEO Jason Kim joins Bloomberg Open Interest to talk about why the space economy is entering a major growth phase, powered by NASA’s moon-base ambitions, rising national security demand, and the need for reliable rocket access. He says Firefly’s edge is its full-stack approach: launch vehicles, lunar landers, orbiters, satellites, and AI software. (Source: Bloomberg)
Firefly Aerospace CEO Jason Kim joins Bloomberg Open Interest to talk about why the space economy is entering a major growth phase, powered by NASA’s moon-base ambitions, rising national security demand, and the need for reliable rocket access. He says Firefly’s edge is its full-stack approach: launch vehicles, lunar landers, orbiters, satellites, and AI software. (Source: Bloomberg)
At midday, the S&P 500 (SNPINDEX:^GSPC) had fallen 1.46% to 7,297.54, and the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 2.52% to 25,246.14 on renewed artificial intelligence (AI) weakness. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.59% to 50,488.59 as cycl
At midday, the S&P 500 (SNPINDEX:^GSPC) had fallen 1.46% to 7,297.54, and the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 2.52% to 25,246.14 on renewed artificial intelligence (AI) weakness. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.59% to 50,488.59 as cycl
July WTI crude oil (CLN26 ) today is down -3.42 (-3.75%), and July RBOB gasoline (RBN26 ) is down -0.0636 (-2.07%). Crude oil and gasoline prices are sinking today, with crude posting a 1-week low and gasoline posting a 1.75-month low. Crude prices are under pressure today as the ceasefire...
July WTI crude oil (CLN26 ) today is down -3.42 (-3.75%), and July RBOB gasoline (RBN26 ) is down -0.0636 (-2.07%). Crude oil and gasoline prices are sinking today, with crude posting a 1-week low and gasoline posting a 1.75-month low. Crude prices are under pressure today as the ceasefire...
DutchScenery/iStock via Getty Images As our followers know, we have traded Lands' End, Inc. ( LE ) a number of times over the last few years. Most of these swing trades have worked nicely. In our last Buy rating coverage, we suggested you hold your nose and do some buying in the $7 area at the time. That was a nice catch of a bottom, the type of setup we look for at BAD BEAT Investing. In December...
DutchScenery/iStock via Getty Images As our followers know, we have traded Lands' End, Inc. ( LE ) a number of times over the last few years. Most of these swing trades have worked nicely. In our last Buy rating coverage, we suggested you hold your nose and do some buying in the $7 area at the time. That was a nice catch of a bottom, the type of setup we look for at BAD BEAT Investing. In December 2025 we moved to a sell as shares approached $16 and called for profit taking . Data by YCharts Now, it was slightly premature as a few weeks later, Lands' End and brand management firm WHP Global announced an agreement to form a new joint venture . That would allow for $300 million of cash to Lands’ End, letting the company repay its term loan. The deal closed in April. In January shares had surged to the high-teens, so our sale call was premature, but here we are in June, and shares are back to the $10 level, so profit taking was indeed wise. We now move to a neutral on the company following the just-reported results and outlook . Let us discuss. Lands' End Q1 Results In Context First, let us look at Q1 revenue. Sales were down 8.5% from last year, hitting $238.9 million, missing consensus by a big $29 million . The company said that this was a result of a new warehouse management system. They noted the “deliberate pacing of shipments as the distribution centers ramped back to normal capacity.” This implies perhaps Q2 would be better, though the guide leaves that a bit questionable. That said, the company is much more of an online-focused retailer, and global online revenue was $205.1 million. That was also down 9.9% from last year. U.S. online revenue was $153.3 million, down 10.2% from a year ago. We also saw the smaller “Outfitters” brand fall off too thanks to the warehouse issue. However, management did note that customer orders from the business uniform channel “remained strong primarily driven by select enterprise accounts.” Still, sales were down 10.4% to $38.5 m...
Here are the companies making headlines in midday trading. Semiconductor stocks – Chip manufacturers slid as the tech sell-off resumed in earnest on Tuesday. The VanEck Semiconductor ETF (SMH) was down 5%, while Advanced Micro Devices fell 8% and Nvidia lost almost 3%. Micron Technology tumbled 6%, and Qualcomm lost nearly 9%. Apple – The manufacturer of iPhones dropped more than 3%. Apple unveile...
Here are the companies making headlines in midday trading. Semiconductor stocks – Chip manufacturers slid as the tech sell-off resumed in earnest on Tuesday. The VanEck Semiconductor ETF (SMH) was down 5%, while Advanced Micro Devices fell 8% and Nvidia lost almost 3%. Micron Technology tumbled 6%, and Qualcomm lost nearly 9%. Apple – The manufacturer of iPhones dropped more than 3%. Apple unveiled its new artificial intelligence software at its annual Worldwide Developers Conference on Monday, and investors dropped the stock even as analysts were largely upbeat on the company's announcements. DraftKings -- The sports gambling stock jumped 9% following a Securities and Exchange Commission filing that showed the DraftKings Predictions offering increased 24% month-over-month to $1.3 billion in May. Annualized total volume traded rose 34% month-over-month to $3.1 billion, compared to April 2026. The data is preliminary, DraftKings said in the filing. AI infrastructure plays – Stocks linked to artificial intelligence and data center infrastructure tanked as the tech sector sold off. Coherent was last off 13%, while Lumentum dropped 10%. Specialty glass and fiber optic provider Corning was last down 10%. Home construction – Companies related to homebuilding jumped after May's existing home sales grew 3.2% in May to 4.17 million. The iShares U.S. Home Construction ETF (ITB) advanced nearly 3%. Toll Brothers and Builders FirstSource added almost 4%, and Floor & Décor gained 5%. GSK , Nuvalent — Shares of U.S. drugmaker Nuvalent rose 39% after U.K.-based biopharmaceutical company GSK announced an agreement to acquire the company for $10.6 billion. J.M. Smucker Company — Shares jumped 10% after the maker of Smucker's jam and Jif peanut butter reported fourth-quarter results that topped expectations. Earnings of $2.77 per share, on an adjusted basis, exceeded the $2.64 FactSet consensus estimate. Revenue of $2.27 billion also topped the anticipated $2.26 billion. SailPoint —T...
It took a few years, but Apple finally made its AI look useful . Now millions of iPhone users in Europe are being told they won't be getting Siri AI anytime soon, if ever - and Apple wants them to blame the EU. Apple says its new AI-powered Siri will not launch on iPhones and iPads in the European Union because of the Digital Markets Act, the bloc's competition law designed to stop powerful tech c...
It took a few years, but Apple finally made its AI look useful . Now millions of iPhone users in Europe are being told they won't be getting Siri AI anytime soon, if ever - and Apple wants them to blame the EU. Apple says its new AI-powered Siri will not launch on iPhones and iPads in the European Union because of the Digital Markets Act, the bloc's competition law designed to stop powerful tech companies from acting as gatekeepers over their platforms to shut out rivals. In practice, the DMA requires platforms to give competitors the same kinds of data access as they themselves enjoy, with a few exceptions for things like ensuring their sys … Read the full story at The Verge.
Althom/iStock Editorial via Getty Images Stellantis ( STLA ) has issued a recall in the U.S. through its FCA subsidiary for over one million Jeep vehicles due to the risk of a fire. The recall action covers Jeep Gladiators from model years 2021-2025 and Jeep Cherokee Wranglers from model year 2021-2025. The automaker acknowledged that for the affected vehicles, electric hydraulic power steering pu...
Althom/iStock Editorial via Getty Images Stellantis ( STLA ) has issued a recall in the U.S. through its FCA subsidiary for over one million Jeep vehicles due to the risk of a fire. The recall action covers Jeep Gladiators from model years 2021-2025 and Jeep Cherokee Wranglers from model year 2021-2025. The automaker acknowledged that for the affected vehicles, electric hydraulic power steering pump wiring may overheat and cause a vehicle fire, even when the vehicle is parked with the ignition in the “off” position. Owners are advised to park outside and away from structures until their vehicle is repaired. Dealers will inspect and replace affected parts, as necessary, free of charge. Shares of Stellantis ( STLA ) were down 2.0% in Tuesday afternoon trading. More on Stellantis To Understand The Past, Present And Future Of Stellantis, Look At Maserati Stellantis N.V. (STLA) Analyst/Investor Day Transcript Stellantis N.V. (STLA) Analyst/Investor Day - Slideshow Stellantis, Pony.ai, Bolt collaborate on autonomous mobility White House proposes stiffer regional requirements under USMCA -- WSJ
The pullback in Apple following Monday's Worldwide Developers Conference keynote does not shake our conviction in the stock. But we're not rushing to buy the dip either. "We're not going to trade Apple. That's an own-don't-trade [stock]," Jim Cramer said during CNBC Investing Club's Morning Meeting on Tuesday. He also cautioned investors from viewing the decline as a buying opportunity, given its ...
The pullback in Apple following Monday's Worldwide Developers Conference keynote does not shake our conviction in the stock. But we're not rushing to buy the dip either. "We're not going to trade Apple. That's an own-don't-trade [stock]," Jim Cramer said during CNBC Investing Club's Morning Meeting on Tuesday. He also cautioned investors from viewing the decline as a buying opportunity, given its recent rally, noting that "you cannot call the bottom here." Apple shares were down another 3% on Tuesday, adding to the prior session's near 2% decline. The stock had been about 3% higher right before the expected WWDC announcement of the new AI-enhanced Siri. By the end of the event, it reversed lower and stayed that way into Monday's close. Shares had been on a tear coming into the event — up 28% from March 30 to June 2 record high close of $315 — as investors anticipated Apple's next moves in artificial intelligence. In our view, the sell-off says more about investor expectations than Apple's long-term prospects. Apple's developer conferences have a history of becoming "sell the news" events, particularly when traders bid up the stock in advance, hoping for a game-changing announcement. As Jim noted on CNBC's " Squawk on the Street, " Apple has never been a company built around flashy one-time reveals. "One of the things that happens in these, and why they've been bad trading events, is that people get all bulled up that they're going to say something," he said. "In reality, Apple is an incrementalist. They are not a company that shocks you. They give you things that are better than they were before." That careful approach is precisely what has allowed Apple to build one of the most loyal customer bases in the technology industry. Despite concerns that Apple's AI offerings trail its competitors, Jim said the company's ecosystem — more than 2.5 billion active devices —remains a powerful advantage. It can sell subscriptions and entertainment to those users, as well as ser...
The United States is taking aggressive measures to reduce its heavy reliance on foreign nations for critical minerals and rare-earth elements. Research from The Motley Fool paints a concerning picture: China holds a near-monopoly over rare-earth elements, accounting for 70% of the extraction and 90% of the processing of these important resources. To counter this, the U.S. is investing heavily in r...
The United States is taking aggressive measures to reduce its heavy reliance on foreign nations for critical minerals and rare-earth elements. Research from The Motley Fool paints a concerning picture: China holds a near-monopoly over rare-earth elements, accounting for 70% of the extraction and 90% of the processing of these important resources. To counter this, the U.S. is investing heavily in revitalizing its domestic supply chains and exploring ocean-floor mining. TMC The Metals Company (NASDAQ: TMC) is a company leading the charge and recently received an important regulatory green light to move forward with its ocean mining business. Here's what that means for the stock. Image source: Getty Images. Continue reading
Lawrence Lepard, a longtime bitcoin investor and author, spoke with host Adam Taggart on the Thoughtful Money podcast episode “The Next Big Money Printing Cycle Is Almost Here,” and planted a contrarian flag. With Bitcoin sliding to around $63,000 from its all-time high of $124,000-$126,000, Lepard told listeners, “There were a lot of people ready to ... Top Bitcoin Analyst Predicts $200K Within T...
Lawrence Lepard, a longtime bitcoin investor and author, spoke with host Adam Taggart on the Thoughtful Money podcast episode “The Next Big Money Printing Cycle Is Almost Here,” and planted a contrarian flag. With Bitcoin sliding to around $63,000 from its all-time high of $124,000-$126,000, Lepard told listeners, “There were a lot of people ready to ... Top Bitcoin Analyst Predicts $200K Within Two Years: ‘We’re Either At Or Within Spitting Distance Of A Bottom’
Geoffrey Wall is alleged to have flown over 900 flights domestically and internationally between 2009 and 2025 A former Air Canada pilot has been charged after flying for years without a proper license, Canadian police have said. Geoffrey Wall, of Barrie, Ontario, is alleged to have operated as an airline captain between 2009 and 2025 without a license to fly large commercial passenger planes, acc...
Geoffrey Wall is alleged to have flown over 900 flights domestically and internationally between 2009 and 2025 A former Air Canada pilot has been charged after flying for years without a proper license, Canadian police have said. Geoffrey Wall, of Barrie, Ontario, is alleged to have operated as an airline captain between 2009 and 2025 without a license to fly large commercial passenger planes, according to Peel regional police. Continue reading...
Vertiv Holdings Co (NYSE:VRT) expanded its partnership with NVIDIA to co develop an 800 volt DC power architecture for AI focused data centers. The company also launched a production grade digital twin solution aimed at simulating and optimizing AI factory level infrastructure. These moves are intended to support power hungry AI workloads and help large operators plan and operate complex data cent...
Vertiv Holdings Co (NYSE:VRT) expanded its partnership with NVIDIA to co develop an 800 volt DC power architecture for AI focused data centers. The company also launched a production grade digital twin solution aimed at simulating and optimizing AI factory level infrastructure. These moves are intended to support power hungry AI workloads and help large operators plan and operate complex data center environments. Vertiv is best known for power, cooling, and infrastructure solutions that...
From DVD Disruptor to Streaming Incumbent A decade ago, Netflix (NASDAQ: NFLX) was still proving streaming could scale globally. Since then, the company has launched hit originals in dozens of languages, weathered a brutal 50.64% drawdown in 2022 after losing subscribers, then re-accelerated through a password-sharing crackdown, an ad-supported tier, and live events like NFL ... Netflix Rewarded P...
From DVD Disruptor to Streaming Incumbent A decade ago, Netflix (NASDAQ: NFLX) was still proving streaming could scale globally. Since then, the company has launched hit originals in dozens of languages, weathered a brutal 50.64% drawdown in 2022 after losing subscribers, then re-accelerated through a password-sharing crackdown, an ad-supported tier, and live events like NFL ... Netflix Rewarded Patient Investors But the Last 12 Months Exposed Two Potential Outcomes
Ravenous, flesh-eating flies have busted through containment barriers and have now reemerged in the US . On Monday and Tuesday, the US Department of Agriculture reported three new cases, bringing the tally to five. One of the cases is in a dog, though it's unclear where it became infected; the dog lives in New Mexico , had its infection reported in Texas, and may have recently traveled to Mexico ,...
Ravenous, flesh-eating flies have busted through containment barriers and have now reemerged in the US . On Monday and Tuesday, the US Department of Agriculture reported three new cases, bringing the tally to five. One of the cases is in a dog, though it's unclear where it became infected; the dog lives in New Mexico , had its infection reported in Texas, and may have recently traveled to Mexico , where the flies are also spreading. But the other four US cases were all in Texas—and all in calves— two in Zavala County and two in La Salle County . Almost all the attention over screwworm's resurgence has focused on the threat to livestock, like the calves and, in turn, the financial risk to the cattle industry. The fly's voracious, screw-shaped larvae can fell cattle if given the chance, and preventing infestations requires intense vigilance. The USDA has estimated that if the flies stage a comeback rivaling isolated outbreaks of the past, they could cost Texas producers $732 million per year and the Texas economy $1.8 billion. Read full article Comments
Micron Technology stock fell sharply Tuesday as investors resumed selling shares of memory-chip makers, which took a beating in last week’s brutal artificial-intelligence selloff. Shares of Micron fell 7.7% to $877.44 on Tuesday, having surged 9.9% the previous session. The losses Tuesday mean Micron is trading about 19% below where it closed last Wednesday, before so-so revenue guidance from chip...
Micron Technology stock fell sharply Tuesday as investors resumed selling shares of memory-chip makers, which took a beating in last week’s brutal artificial-intelligence selloff. Shares of Micron fell 7.7% to $877.44 on Tuesday, having surged 9.9% the previous session. The losses Tuesday mean Micron is trading about 19% below where it closed last Wednesday, before so-so revenue guidance from chip maker Broadcom led to investors slamming the brakes on the AI trade.
Labour backbenchers disappointed as new trade guidance over illegal settlements stops short of outright ban The UK in alliance with a group of other western powers including France and Norway has announced it is imposing sanctions on six firms and one individual involved in enabling and financing the recent upsurge in settler violence in the West Bank. However, the foreign secretary, Yvette Cooper...
Labour backbenchers disappointed as new trade guidance over illegal settlements stops short of outright ban The UK in alliance with a group of other western powers including France and Norway has announced it is imposing sanctions on six firms and one individual involved in enabling and financing the recent upsurge in settler violence in the West Bank. However, the foreign secretary, Yvette Cooper, disappointed many of her own backbenchers by stopping short of banning trade, saying instead the government was only issuing updated advice to British firms not to become involved in any economic activity with the illegal settlements. Continue reading...