bfk92/E+ via Getty Images Genco Shipping ( GNK ) said Tuesday its board rejected Diana Shipping's ( DSX ) revised unsolicited tender offer to acquire all Genco's outstanding common shares not already owned by Diana for $24.80/share in cash, saying the latest bid continues to undervalue the company and its assets. Diana's ( DSX ) offer is below Genco's ( GNK ) current mean analyst net asset value e...
bfk92/E+ via Getty Images Genco Shipping ( GNK ) said Tuesday its board rejected Diana Shipping's ( DSX ) revised unsolicited tender offer to acquire all Genco's outstanding common shares not already owned by Diana for $24.80/share in cash, saying the latest bid continues to undervalue the company and its assets. Diana's ( DSX ) offer is below Genco's ( GNK ) current mean analyst net asset value estimate of $26.66 and the current median estimate of $27.10 "in a period of rising asset values across the industry," the company said. Genco ( GNK ) said its board is willing to meet again if Diana ( DSX ) submits an offer that "adequately compensates shareholders for the full underlying value" of Genco's assets and provides an appropriate control premium. Genco ( GNK ) had previously received and rejected bids from Diana ( DSX ) at $20.60/share and $23.50/share. More on Genco Shipping and Diana Shipping Genco Shipping: Freight Rates Offer Hope, But The Cycle Isn't On Your Side Diana Shipping's Rally Has Not Fixed The Ship Diana Shipping Q1 2026 Earnings Call Presentation
chameleonseye/iStock Editorial via Getty Images Wedbush Securities picked up coverage of Tripadvisor ( TRIP ) with an Outperform rating. Analyst Michael Piccolo and his team believe the Tripadvisor ( TRIP ) story presents underappreciated catalysts, including a governance transformation after the close of the LTRIP merger, which eliminated controlled-company status. The activist involvement by Sta...
chameleonseye/iStock Editorial via Getty Images Wedbush Securities picked up coverage of Tripadvisor ( TRIP ) with an Outperform rating. Analyst Michael Piccolo and his team believe the Tripadvisor ( TRIP ) story presents underappreciated catalysts, including a governance transformation after the close of the LTRIP merger, which eliminated controlled-company status. The activist involvement by Starboard Value and an active strategic alternatives review process for TheFork, a non-core segment, are also seen as catalysts. Piccolo also called out the high-growth experiences segment, which the firm believes trades at a significant discount due to the consolidated structure. Finally, Tripadvisor ( TRIP ) is seen as having an emerging AI narrative due to its large and valuable travel data set and recently signed partnership deals with OpenAI. "The valuation disconnect on the company’s current ~4.5x EV/EBITDA trading multiple to both its peer group (~10.1x) and historical multiples (two-year range 3.5x-6.5x) combined with the sequence of events converging at TripAdvisor today makes the current entry point compelling," wrote Piccolo. Wedbush assigned a price target of $19 on TRIP to represent more than 50% upside from current levels. Shares of Tripadvisor ( TRIP ) were up 2.1% in premarket trading to $12.35. More on Tripadvisor Tripadvisor: Why I'm Underwriting Tail Risk At $7.00 To Harvest 21% Annualized Yield Tripadvisor: Marketplace Transformation And Activist Optionality Continue To Support Our Buy Thesis Tripadvisor, Inc. (TRIP) Q1 2026 Earnings Call Transcript TripAdvisor Q1 2026 Earnings Preview Travel agents’ decline highlights uneven impact of tech disruption, Stripe Economics' says
It's not even close to altcoin season. Only 39% of top-50 tokens have beaten Bitcoin over the past 90 days, as of May 31. But "not altcoin season" doesn't mean that no altcoins are worth considering. It just means the rising-tide-lifts-all-boats phase isn't here yet. Picking specific winners matters more than timing the altcoin season just right. Two Layer-1 blockchains sit near the top of many wa...
It's not even close to altcoin season. Only 39% of top-50 tokens have beaten Bitcoin over the past 90 days, as of May 31. But "not altcoin season" doesn't mean that no altcoins are worth considering. It just means the rising-tide-lifts-all-boats phase isn't here yet. Picking specific winners matters more than timing the altcoin season just right. Two Layer-1 blockchains sit near the top of many watchlists: Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA) . One moves fast and breaks things (sometimes literally). The other moves slowly and publishes peer-reviewed papers about it. They are in the same category of useful altcoins, but with very different vibes. Continue reading
GoodLifeStudio/E+ via Getty Images After the Civitas merger, SM Energy ( SM ) has now become a much larger four-basin operator . It now operates across the Permian, DJ, South Texas, and Uinta basins. That makes the investment case different. The stock should now be valued on whether the larger platform can convert synergies into cash flow, reduce debt, and turn free cash flow into shareholder retu...
GoodLifeStudio/E+ via Getty Images After the Civitas merger, SM Energy ( SM ) has now become a much larger four-basin operator . It now operates across the Permian, DJ, South Texas, and Uinta basins. That makes the investment case different. The stock should now be valued on whether the larger platform can convert synergies into cash flow, reduce debt, and turn free cash flow into shareholder returns. We had good first-quarter numbers , see below: Author My buy case rests on SM executing this properly, not just benefitting from temporary oil highs. The company has raised its synergy target to $375M, out of which $300M is already done. As part of its debt reduction plan, the company closed a $950 million South Texas asset sale. At current prices ($30.71), SM trades at 3.99x forward non-GAAP earnings and 3.10x forward EV/EBITDA. These are roughly 68% and 49% discounts from the sector median, respectively. The discount mainly comes from debt concerns. However, if they can speed up deleveraging and begin/continue with the buyback, retiring shares, SM can offer strong upside. I rate it a Buy because I am convinced by their Q1 execution and early but rapid synergy capture that they can do this. Q1 Showed The New Platform Can Execute Those Q1 numbers are important in that they show the strength of the new SM platform. This is now a more complex platform, so investors wanted to see if the company could maintain cost and capital discipline as they integrated a larger asset base. As the numbers below show, the company delivered on that expectation: Author From the table above, we see that SM was able to produce more than expected, including oil, and they still spent less capital than planned. This expands free cash flow, which is where my bull case comes from. It doesn’t come merely from higher volumes or higher oil prices. In other words, disciplined execution as we saw in this quarter is what supports the bull case better than anything else. The GAAP result can be confusing...
Ten thousand dollars dropped into the YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) on the last trading day of 2025 was worth about $20,144 by the close on May 29, 2026. The same ten thousand parked in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was worth about $11,093. That gap, an income ETF doubling while the ... An Overlooked Income ETF Minted a Double While Selling Covered Calls on AMD’s ...
Ten thousand dollars dropped into the YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) on the last trading day of 2025 was worth about $20,144 by the close on May 29, 2026. The same ten thousand parked in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was worth about $11,093. That gap, an income ETF doubling while the ... An Overlooked Income ETF Minted a Double While Selling Covered Calls on AMD’s Historic Run
Microsoft’s latest analyst update comes with no change to the existing price target, keeping expectations anchored where they are for now. Even without fresh commentary from analysts, the absence of a revision still sends a message about how current assumptions are holding up. As you read on, you will see how to track these kinds of updates so you can stay on top of the evolving narrative around t...
Microsoft’s latest analyst update comes with no change to the existing price target, keeping expectations anchored where they are for now. Even without fresh commentary from analysts, the absence of a revision still sends a message about how current assumptions are holding up. As you read on, you will see how to track these kinds of updates so you can stay on top of the evolving narrative around the stock. Analyst Price Targets don't always capture the full story. Head over to our Company...
Richard Drury/DigitalVision via Getty Images When a REIT ( VNQ ) cuts its dividend, it typically crashes in value. That is why it is so crucial to avoid future potential cutters, and we just recently highlighted 3 such REITs to avoid in a separate article that you can read by clicking here. But the opposite is also true. When a REIT hikes its dividend, it typically surges in value. The logic behin...
Richard Drury/DigitalVision via Getty Images When a REIT ( VNQ ) cuts its dividend, it typically crashes in value. That is why it is so crucial to avoid future potential cutters, and we just recently highlighted 3 such REITs to avoid in a separate article that you can read by clicking here. But the opposite is also true. When a REIT hikes its dividend, it typically surges in value. The logic behind this is simple: most REIT investors are income-oriented, and they are willing to pay more for a REIT offering a higher dividend, all else being equal. But if you really want to earn big profits from dividend hikes, you need to find REITs with low dividend growth expectations that are likely to surprise the market with a major hike. This can then change the narrative about the REIT, attracting a lot more capital and pushing its share price a lot higher. Here are three such REITs to buy ahead of their anticipated dividend hikes. Macerich ( MAC ) Macerich is a mall REIT that has faced a turbulent past decade. The REIT was overleveraged, even as the mall space was facing disruption from e-commerce, forcing it to reinvest in its properties to diversify uses and make them more resilient. This increased the need for capex, which, coupled with the pandemic disruption of 2020/2021, really stretched the REIT’s balance sheet to its limits and forced it to reduce its dividend significantly: Macerich Since then, the REIT has maintained a stable dividend, not hiking it once in years. Macerich Because of this, very few investors perceive Macerich as a potential dividend growth REIT today, and that’s precisely why it could be so compelling. What most investors appear to have missed is that the REIT has made huge progress in recent years, improving its portfolio and its balance sheet simultaneously. Its debt-to-EBITDA has dropped from nearly 10x in 2023 down to 7.6x today: Macerich The historic overleverage and need to heavily reinvest in its properties are what prevented the REIT from hi...
MicroStockHub/iStock via Getty Images By Lotfi Karoui Structural shifts vs. cyclical moves: Debt-funded AI capex may ultimately become a secular driver of risk premia, but any such transition is likely to unfold over years – leaving cyclical forces firmly in control of market dynamics in the interim. The recent rise in longer-dated U.S. Treasury yields isn’t really about AI: The back-up in yields ...
MicroStockHub/iStock via Getty Images By Lotfi Karoui Structural shifts vs. cyclical moves: Debt-funded AI capex may ultimately become a secular driver of risk premia, but any such transition is likely to unfold over years – leaving cyclical forces firmly in control of market dynamics in the interim. The recent rise in longer-dated U.S. Treasury yields isn’t really about AI: The back-up in yields since late February reflects shifting policy expectations far more than any meaningful repricing of the term premium tied to AI. Cyclical factors still support the hedging role of bonds: Even against a backdrop of larger deficits and prospective AI-driven borrowing, higher starting yields reinforce bonds’ ability to cushion portfolios and enhance total return potential – especially in a growth slowdown. For now, AI’s footprint is concentrated in hyperscalers’ long-dated spreads: In contrast to the broader non-financial corporate market, spreads on hyperscalers’ long-dated bonds have widened – largely a function of heavier issuance, particularly in the 30-year segment. AI is a transformative technology with both near-term and long-term implications for the economy. For investors, while the debt-funded AI buildout has the potential to become a secular driver of risk premia, we believe any such shift would only play out through a multi-year adjustment and would not override the cyclical forces that affect markets. For that reason, the idea that the year-to-date surge in AI-related debt issuance has been a contributor to the recent rise in long-dated U.S. Treasury yields appears overstated. Instead, the move seems driven primarily by shifting policy expectations and a repricing of the Federal Reserve’s expected rate path, not by a meaningful rise in AI-induced term premium or related indigestion about duration (interest rate risk). A simple decomposition of the 10-year U.S. Treasury yield move since the start of the Iran conflict makes the point: Most of the increase has come f...