Brandon Moser Shares of Powerlaw Corp. ( PWRL ) jumped 14% on Thursday after SpaceX ( SPCX ) priced its long-awaited initial public offering at $135 per share, a valuation that underscores the growing worth of Powerlaw's biggest investment. SpaceX ( SPCX ) raised $75 billion in the largest IPO ever , giving Elon Musk's space and satellite company an implied valuation of roughly $1.77 trillion ahea...
Brandon Moser Shares of Powerlaw Corp. ( PWRL ) jumped 14% on Thursday after SpaceX ( SPCX ) priced its long-awaited initial public offering at $135 per share, a valuation that underscores the growing worth of Powerlaw's biggest investment. SpaceX ( SPCX ) raised $75 billion in the largest IPO ever , giving Elon Musk's space and satellite company an implied valuation of roughly $1.77 trillion ahead of its Nasdaq debut. Investors appeared to bid up shares of Powerlaw ( PWRL ), which has positioned itself as a publicly traded vehicle for exposure to several high-profile private technology companies. SpaceX ( SPCX ) is Powerlaw's largest single holding, accounting for about 19.4% of net assets as of mid-May, according to the company. The rally highlights how the SpaceX ( SPCX ) IPO is creating ripple effects beyond the company itself. Investors are reassessing the value of funds and investment vehicles that hold private stakes in SpaceX ( SPCX ), similar to the gains recently seen in mutual funds managed by Baron Capital after those funds marked up their SpaceX ( SPCX ) holdings ahead of the IPO. For investors, the significance extends beyond Powerlaw's ( PWRL ) immediate stake. The successful pricing provides a public market benchmark for SpaceX after years of private-market transactions and could lead investors to revalue other companies and funds with exposure to the aerospace, satellite internet and artificial intelligence sectors. The IPO is also being closely watched as a test of appetite for large-scale technology offerings and private-company investments. Powerlaw ( PWRL ) began trading on Nasdaq in late May and offers investors access to a portfolio of private technology companies spanning artificial intelligence, aerospace and defense. In addition to SpaceX, the fund has disclosed investments in companies such as Anthropic, OpenAI and Anduril. Demand for the SpaceX offering has been exceptionally strong. Reuters reported that investor interest reached well ab...
In trading on Thursday, shares of Abercrombie & Fitch Co (Symbol: ANF) crossed above their 200 day moving average of $90.03, changing hands as high as $90.45 per share. Abercrombie & Fitch Co shares are currently trading up about 5.7% on the day. The chart below shows
In trading on Thursday, shares of Abercrombie & Fitch Co (Symbol: ANF) crossed above their 200 day moving average of $90.03, changing hands as high as $90.45 per share. Abercrombie & Fitch Co shares are currently trading up about 5.7% on the day. The chart below shows
JHVEPhoto/iStock Editorial via Getty Images Marvell Technology ( MRVL ) has appointed Dan Durn as its new chief financial officer, bringing the industry veteran over from Adobe ( ADBE ), where he served as CFO and executive vice president of finance, technology, security, and operations for the past five years. The appointment takes effect on June 15. Current Marvell CFO Willem Meintjes plans to r...
JHVEPhoto/iStock Editorial via Getty Images Marvell Technology ( MRVL ) has appointed Dan Durn as its new chief financial officer, bringing the industry veteran over from Adobe ( ADBE ), where he served as CFO and executive vice president of finance, technology, security, and operations for the past five years. The appointment takes effect on June 15. Current Marvell CFO Willem Meintjes plans to remain with Marvell in an advisory position through April 2027. Marvell also reaffirmed its second quarter fiscal 2027 financial guidance. "Since I began my role as CEO a decade ago, Willem has been an integral part of Marvell, and his contributions have been instrumental to our strong financial and operational positions," said Marvell CEO Matt Murphy. "Willem joined Marvell just a few weeks before me in 2016, and I leaned on him considerably, both early on and beyond. During his tenure, Willem helped build our finance organization from the ground up and served as a steady and trusted partner through some of the most consequential periods of growth and transformation in our history." Meintjes said he is moving on to spend more time with his family. Durn, who has served on Marvell's board of directors for the past two years, has a storied career in the tech industry. Before Adobe, Durn was CFO and senior vice president at Applied Materials ( AMAT ). He has also held CFO positions at NXP Semiconductors ( NXPI ) and GlobalFoundries ( GFS ). He graduated from the U.S. Naval Academy with a Bachelor of Science in Control Systems. Durn was a commissioned naval officer and served for six years, reaching the rank of lieutenant. "He understands how these businesses work, how they scale, and what it takes to lead finance through periods of significant growth," Murphy said of Durn. "That depth of experience, combined with his understanding of the capital markets and operational demands of businesses at our scale, makes him well-suited to help us continue to win in what we believe is a o...
In trading on Thursday, shares of California Water Service Group (Symbol: CWT) crossed below their 200 day moving average of $45.22, changing hands as low as $45.00 per share. California Water Service Group shares are currently trading down about 2.1% on the day. The chart bel
In trading on Thursday, shares of California Water Service Group (Symbol: CWT) crossed below their 200 day moving average of $45.22, changing hands as low as $45.00 per share. California Water Service Group shares are currently trading down about 2.1% on the day. The chart bel
Roman Tiraspolsky/iStock Editorial via Getty Images Blackstone ( BX ) is in discussions for an acquisition of the Canadian real estate investment trust H&R ( HRUFF ) ( HR.UN:CA ) again after deal talks fell apart last year, people with knowledge of the matter told Bloomberg News. In July 2025, Blackstone, TPG ( TPG ), Canada's PSP Investments, and Crestpoint Real Estate Investments were reportedly...
Roman Tiraspolsky/iStock Editorial via Getty Images Blackstone ( BX ) is in discussions for an acquisition of the Canadian real estate investment trust H&R ( HRUFF ) ( HR.UN:CA ) again after deal talks fell apart last year, people with knowledge of the matter told Bloomberg News. In July 2025, Blackstone, TPG ( TPG ), Canada's PSP Investments, and Crestpoint Real Estate Investments were reportedly in talks to acquire H&R's C$10.5B property portfolio. There is no guarantee that a deal will be reached this time either, according to the people who asked not to be identified because the discussions are private. TPG is no longer involved in the sale talks, according to the sources. Hedge fund K2 & Associates Investment Management had pushed the company to explore a sale as the stock continues to trade at a discount compared to the value of its real estate holdings, according to Bloomberg. More on Blackstone, H&R Real Estate Investment Trust Blackstone: Unpacking Private Credit Problems Blackstone: The Market Is Selling Over A Problem That Doesn't Exist Blackstone Inc. (BX) Presents at Morgan Stanley US Financials Conference 2026 Transcript Blackstone to sell Interplex Datacom to BizLink in $850M deal Apollo, Blackstone finalize $35B private credit deal to power Anthropic's AI expansion - report
HuyNguyenSG/iStock Editorial via Getty Images Melrose Industries ( MLSPF ) remains a Strong Buy despite a nearly 20% decline in the stock price following disappointing guidance in February and growing investor concerns regarding cost inflation and commercial aerospace demand after the war in Iran. While those concerns have weighed heavily on sentiment, I believe the market reaction is excessive an...
HuyNguyenSG/iStock Editorial via Getty Images Melrose Industries ( MLSPF ) remains a Strong Buy despite a nearly 20% decline in the stock price following disappointing guidance in February and growing investor concerns regarding cost inflation and commercial aerospace demand after the war in Iran. While those concerns have weighed heavily on sentiment, I believe the market reaction is excessive and is not fully supported by the company's underlying operational performance or the continued strength in commercial aerospace demand. Investors have also focused on the chemical leak at the company's Garden Grove facility, adding to uncertainty on operations and litigation outcomes. However, the longer-term commercial aerospace production ramp remains intact, and aftermarket demand continues to provide support to Melrose's value creation. As a result, I maintain my Strong Buy rating on Melrose Industries. In this report, I discuss the latest guidance, assess the impact of cost pressures and the Garden Grove incident, and explain why I believe the recent selloff has created an attractive buying opportunity for long-term investors. Melrose Industries Starts The Year On A Strong Note Melrose Industries is one of the companies that only provides detailed financial statements for its half-year and full-year earnings. For Q1 and Q3, the company only provides a trading update . The company started the year on a strong note with 11% growth in revenues, bringing the revenues to approximately $1.23 billion as constructed using the income statement provided on Seeking Alpha with 20% growth in the Engines segment and 4% growth in the Airframes segment. Overall growth was driven by growth in aftermarket and deliveries to the original equipment manufacturers, while the defense segment saw double-digit growth in the defense segment, partially offset by commercial revenues. In the commercial segment, there is some pressure from lower volumes on single-aisle programs, which likely is drive...
Fox Corporation ( FOX ) on Thursday announced that the compensation committee of the Board of Directors and the Board approved an extension of the term of employment and compensatory arrangement with Lachlan K. Murdoch, the company’s chief executive officer and executive chair, through June 30, 2030. Additionally, the committee and the Board also approved an increase in Murdoch’s target annual bon...
Fox Corporation ( FOX ) on Thursday announced that the compensation committee of the Board of Directors and the Board approved an extension of the term of employment and compensatory arrangement with Lachlan K. Murdoch, the company’s chief executive officer and executive chair, through June 30, 2030. Additionally, the committee and the Board also approved an increase in Murdoch’s target annual bonus to $9M and target annual equity award to $20M, starting July 1, 2026. In other news of note, the committee and the Board also approved an extension of the term of the employment and compensatory arrangement with Steven Tomsic, the company’s chief financial officer, through June 30, 2030. In addition, the committee and the Board also approved an increase, beginning July 1, 2026, in Tomsic’s base salary to $2M per annum, target annual bonus to $3M — with a further increase to $3.5M effective as of July 1, 2028 — and target annual equity award to $4M. Source: SEC Filing More on Fox Fox Corporation (FOXA) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Fox Corporation (FOXA) Q3 2026 Earnings Call Transcript Fox Corporation: The Market Is Still Missing The Real Value Fox to distribute NFL football in Mexico across multiple platforms Media stocks are in the spotlight as the World Cup approaches
Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's Trending Tickers, including Oracle (ORCL), Hugo Boss (BOSS.DE), and Magnum Ice Cream (MICC).
Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's Trending Tickers, including Oracle (ORCL), Hugo Boss (BOSS.DE), and Magnum Ice Cream (MICC).
FreightWaves Today discussed Delfin Midstream new $5 billion offshore liquefied natural gas export platform, Amazon's LTL realities, and surging cargo fraud during Thursday’s live show. The post FreightWaves Today: U.S. approves $5B offshore LNG export platform appeared first on FreightWaves.
FreightWaves Today discussed Delfin Midstream new $5 billion offshore liquefied natural gas export platform, Amazon's LTL realities, and surging cargo fraud during Thursday’s live show. The post FreightWaves Today: U.S. approves $5B offshore LNG export platform appeared first on FreightWaves.
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.29%. June E-mini S&P futures (ESM26 ) rose +1.73%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.29%. June E-mini S&P futures (ESM26 ) rose +1.73%, and June E-mini Nasdaq futures...
In trading on Thursday, shares of Greif Inc (Symbol: GEF) crossed above their 200 day moving average of $65.81, changing hands as high as $66.69 per share. Greif Inc shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of GEF sh
In trading on Thursday, shares of Greif Inc (Symbol: GEF) crossed above their 200 day moving average of $65.81, changing hands as high as $66.69 per share. Greif Inc shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of GEF sh
In trading on Thursday, shares of Manitowoc Company Inc (Symbol: MTW) crossed above their 200 day moving average of $12.11, changing hands as high as $12.27 per share. Manitowoc Company Inc shares are currently trading up about 3% on the day. The chart below shows the one year
In trading on Thursday, shares of Manitowoc Company Inc (Symbol: MTW) crossed above their 200 day moving average of $12.11, changing hands as high as $12.27 per share. Manitowoc Company Inc shares are currently trading up about 3% on the day. The chart below shows the one year
Shares of Zoom Communications ( ZM ) ended 1.75% lower at $92.32 on Thursday, marking their seventh consecutive session of losses. The stock has declined about 17.5% since June 3, though it remains up roughly 7% year to date. The recent weakness comes as investors question whether Zoom's valuation premium over other seat-based software-as-a-service peers remains justified. While the company has po...
Shares of Zoom Communications ( ZM ) ended 1.75% lower at $92.32 on Thursday, marking their seventh consecutive session of losses. The stock has declined about 17.5% since June 3, though it remains up roughly 7% year to date. The recent weakness comes as investors question whether Zoom's valuation premium over other seat-based software-as-a-service peers remains justified. While the company has posted improving revenue growth, non-GAAP operating margins of more than 41%, and maintains a net cash position of about $7.7B, concerns persist over its longer-term growth outlook. The value of Zoom's stake in AI startup Anthropic has supported investor sentiment, but much of that benefit is already reflected in the stock price. Analysts remain focused on whether Zoom can sustain growth as AI-driven workplace tools reshape the software landscape and intensify competition across collaboration platforms. Though Seeking Alpha analyst Gary Alexander remains bullish on the stock. "Contrary to common sentiment that Zoom's peak era has passed, the company continues to deliver stable revenue and EPS growth, amid stabilizing retention rates and strong backlog additions," Alexander says. Seeking Alpha's Quant Rating assigns Zoom a Hold rating with a score of 3.35 out of 5, supported by an A profitability grade but weighed down by an F growth score. On Wall Street, analyst coverage remains largely positive, with 17 analysts rating the stock Buy or higher and 13 recommending Hold and only one Sell. More on Zoom Communications Zoom's Rebound Is Just Getting Started Zoom: Anthropic Stake Masks Seat-Based Fears (Rating Downgrade) Zoom Communications, Inc. (ZM) Presents at 46th Annual William Blair Growth Stock Conference Transcript Zoom in focus as HSBC ups price target, sees enterprise momentum as 'underpriced' Zoom gains momentum on new products; provides conservative guide: Citi
In trading on Thursday, shares of VF Corp. (Symbol: VFC) crossed above their 200 day moving average of $17.28, changing hands as high as $17.64 per share. VF Corp. shares are currently trading up about 5.4% on the day. The chart below shows the one year performance of VFC shar
In trading on Thursday, shares of VF Corp. (Symbol: VFC) crossed above their 200 day moving average of $17.28, changing hands as high as $17.64 per share. VF Corp. shares are currently trading up about 5.4% on the day. The chart below shows the one year performance of VFC shar
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive.
In trading on Thursday, shares of the PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund ETF (Symbol: EMNT) crossed above their 200 day moving average of $98.75, changing hands as high as $98.77 per share. PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund
In trading on Thursday, shares of the PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund ETF (Symbol: EMNT) crossed above their 200 day moving average of $98.75, changing hands as high as $98.77 per share. PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund
In trading on Thursday, shares of The European Equity Fund Inc (Symbol: EEA) crossed above their 200 day moving average of $10.64, changing hands as high as $10.77 per share. The European Equity Fund Inc shares are currently trading up about 1.7% on the day. The chart below sh
In trading on Thursday, shares of The European Equity Fund Inc (Symbol: EEA) crossed above their 200 day moving average of $10.64, changing hands as high as $10.77 per share. The European Equity Fund Inc shares are currently trading up about 1.7% on the day. The chart below sh
In trading on Thursday, shares of Chemed Corp (Symbol: CHE) crossed below their 200 day moving average of $430.75, changing hands as low as $419.31 per share. Chemed Corp shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of
In trading on Thursday, shares of Chemed Corp (Symbol: CHE) crossed below their 200 day moving average of $430.75, changing hands as low as $419.31 per share. Chemed Corp shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of
In trading on Thursday, shares of Aqua Metals Inc (Symbol: AQMS) entered into oversold territory, changing hands as low as $2.51 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o
In trading on Thursday, shares of Aqua Metals Inc (Symbol: AQMS) entered into oversold territory, changing hands as low as $2.51 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o