Honeywell-backed Quantinuum saw shares jump as much as 19% to over $71 each in their Thursday debut. The quantum company's stock closed well off those highs, up less than 1%, bringing the market cap to $15.66 billion. Roughly 28 million Quantinuum shares were priced at $60 apiece Wednesday night, above its previous expected range of $53 to $55. The offering raised $1.68 billion. Quantinuum is list...
Honeywell-backed Quantinuum saw shares jump as much as 19% to over $71 each in their Thursday debut. The quantum company's stock closed well off those highs, up less than 1%, bringing the market cap to $15.66 billion. Roughly 28 million Quantinuum shares were priced at $60 apiece Wednesday night, above its previous expected range of $53 to $55. The offering raised $1.68 billion. Quantinuum is listed on the Nasdaq under the ticker symbol QNT. The IPO was not only good news for Quantinuum, but also for Club name Honeywell International . The industrial conglomerate benefits as a majority Quantinuum shareholder, retaining 48% of the combined voting power. As Honeywell investors, however, the Club does not get any shares of Quantinuum. The deal was not a spin-off like other recent separations, which brought us FedEx Freight (spun off from FedEx ) and Qnity Electronics (spun off from DuPont ). We do not intend to buy Quantinuum for the portfolio because, like other quantum stocks, it is highly speculative. The Quantinuum deal is a win — albeit incremental — for Honeywell because it gives a valuation to a business that investors previously had to guess what it was worth. Quantinuum was formed back in 2021 through the merger of Honeywell's then-Quantum Solutions group and Cambridge Quantum. It's never been a huge source of revenue for Honeywell, as quantum computing at large is still in its early innings. Honeywell has not revealed much about what it will do with its Quantinuum stake now that the offering is complete. However, Quantinuum CEO Rajeeb Hazra told CNBC Thursday that Honeywell "will continue to be a very disciplined shareholder" and "continue to help as they have been with agreements on our supply chain, manufacturing, access to their customer base." He added, "Over time, they will deal with this asset, monetize this asset." The investment in Quantinuum does give Honeywell a hand in one of the fastest-growing tech sectors — quantum computing. The nascent industr...
3dalia/iStock via Getty Images Investment Thesis I am rating Penguin Solutions ( PENG ) because I think the market is finally beginning to understand that this is not just a sleepy memory or a hardware name. I say this because the company is being re-rated as an AI infrastructure platform sitting directly inside the shift from AI training to AI inference. That is the important part. According to r...
3dalia/iStock via Getty Images Investment Thesis I am rating Penguin Solutions ( PENG ) because I think the market is finally beginning to understand that this is not just a sleepy memory or a hardware name. I say this because the company is being re-rated as an AI infrastructure platform sitting directly inside the shift from AI training to AI inference. That is the important part. According to research done by McKinsey, they estimate that by 2030, inference will become the dominant AI data center workload, representing more than half of AI compute and roughly 30% to 40% of total data center demand. I think that makes sense for PENG because inference is more memory-bound, more latency-sensitive, and more dependent on deployment architecture than the first wave of AI training was. McKinsey & Company My thesis on PENG is based on three factors that I think the company is benefitting from. The first one is that AI is pushing memory demand higher . Secondly, enterprises, sovereign AI buyers, and neoclouds are moving from pilots to production deployments. And thirdly, PENG has products that directly address the memory wall in inference, especially MemoryAI, CXL-based KV cache, ClusterWare, and OriginAI. Management said Q2 2026 net sales were $343 million, with Integrated Memory up 63% year over year (y/y) to $172 million. On the other hand, the total company non-GAAP EPS stayed flat at $0.52 despite the Advanced Computing transition. That tells me that the business is already absorbing a messy mix shift while the AI-facing pieces are becoming more valuable. Well, that is usually where the market starts paying attention, in my view. S&P Global The stock is up 236.2% YTD as of the time I was writing this article. The reason the stock started rising this year is not mysterious. To me, I think the market was initially worried about the Advanced Computing reset, the Penguin Edge wind-down, and lower hyperscaler concentration. Then Q2 2026 changed the story. Management raised...
Several Celtic supporters clubs put their names to a statement opposing the potential appointment of Robbie Keane as manager because of the Irishman's previous role as Maccabi Tel Aviv head coach.
Several Celtic supporters clubs put their names to a statement opposing the potential appointment of Robbie Keane as manager because of the Irishman's previous role as Maccabi Tel Aviv head coach.
AT&T (NYSE:T) , a provider of telecommunications and technology services worldwide, closed Thursday at $22.79, down 3.23%. The stock fell after the Supreme Court ruled 8-1 in favor of the Federal Communications Commission, which had imposed $57 million in penalties against the company. This news comes one day after an analyst at Oppenheimer downgraded T stock to neutral due to increased competitio...
AT&T (NYSE:T) , a provider of telecommunications and technology services worldwide, closed Thursday at $22.79, down 3.23%. The stock fell after the Supreme Court ruled 8-1 in favor of the Federal Communications Commission, which had imposed $57 million in penalties against the company. This news comes one day after an analyst at Oppenheimer downgraded T stock to neutral due to increased competition from satellite constellations. Trading volume reached 72.1 million shares, about 79% above its three-month average of 40.2 million shares. AT&T IPO'd in 1983 and has grown 487% since going public. The S&P 500 added 0.41% to finish at 7,585, while the Nasdaq Composite slipped 0.09% to 26,831. Within telecommunications, industry peers Verizon Communications closed at $44.87 (-3.82%), and T-Mobile U.S. finished at $177.02 (-2.44%) as investors weighed the court’s decision. While a $57 million fine is chump change for a $160 billion stock like AT&T , losing the decision to the FCC shows that the FCC still wields measurable sway over how business is done in the U.S. The case arose from the FCC's finding that AT&T sold confidential customer location data, prompting sanctions for violating federal telecommunications laws. Said another way, today’s ruling means that AT&T -- and the other carriers -- will likely remain under tighter scrutiny going forward, rather than the FCC being weakened. Continue reading
(RTTNews) - Lululemon Athletica Inc. (LULU) on Thursday reported lower first-quarter earnings as margin pressure and weaker performance in the Americas offset strong international growth.
(RTTNews) - Lululemon Athletica Inc. (LULU) on Thursday reported lower first-quarter earnings as margin pressure and weaker performance in the Americas offset strong international growth.
ardasavasciogullari/iStock via Getty Images A competitive weekend is setting up for the U.S. box office, with the top ten movies forecast to combine for more than $180M. BoxOfficePro reports that would be the second-best three-day weekend of the year so far, only behind the three-day Easter weekend. Scary Movie 6 is expected to win the weekend. The Paramount ( PSKY ) film is the first in the franc...
ardasavasciogullari/iStock via Getty Images A competitive weekend is setting up for the U.S. box office, with the top ten movies forecast to combine for more than $180M. BoxOfficePro reports that would be the second-best three-day weekend of the year so far, only behind the three-day Easter weekend. Scary Movie 6 is expected to win the weekend. The Paramount ( PSKY ) film is the first in the franchise since 2013 and follows closely on the studio’s $122M domestic gross for Scream 7 . Original stars Marlon Wayans and Anna Faris return for the sixth installment. Box office projections are for an opening weekend north of $40M. The franchise record is $49.7M for Scary Movie 4 in 2006. Holdover Backrooms and Amazon MGM's ( AMZN ) Masters of the Universe are forecast to battle for second place for the weekend. Both films are expected to tally more than $30M at the weekend box. Masters of the Universe will screen at 3.5K locations. Amazon MGM has already had a strong year, with Project Hail Mary stunning with +$600M at the global box office. Master of the Universe is also key for co-producer Mattel ( MT ), which is looking to replicate its magic as a co-producer on Barbie. Looking ahead, Mattel Studios has a wide-ranging slate of upcoming films beyond Masters of the Universe , including toy- and brand-based projects in the works like Matchbox: The Movie , Hot Wheels , Polly Pocket, American Girl, Barney, Magic 8 Ball , Major Matt Mason , Rock ’Em Sock ’Em Robots, UNO, View-Master, Wishbone, Thomas & Friends, Bob the Builder, Christmas Balloon , and more. Analysts have described Mattel's ( MAT ) ambitions to build a full-fledged Mattel cinematic universe as one of the strongest catalysts for share price appreciation. Through June 4, the U.S. box office is up 10.4% year over year to $3.69B. Looking ahead, major summer releases include Universal's ( CMCSA ) Disclosure Day on June 12, Disney's ( DIS ) T oy Story 5 on June 19, Warner Bros.' ( WBD ) Supergirl on June 26, Universa...
Broadcom's sell-off just entered megacap history Yahoo Finance Broadcom Q2: The Market Got This Wrong (NASDAQ:AVGO) Seeking Alpha Broadcom’s AI chip revenue hits $10.8B, forecast $16B next quarter Stock Titan Broadcom Stock Closes at a Record. It’s Getting a Double Boost From Google and Marvell. Barron's Ahead of Broadcom Earnings, Here’s What Barchart Data Says Comes Next for AVGO Stock Barchart ...
Broadcom's sell-off just entered megacap history Yahoo Finance Broadcom Q2: The Market Got This Wrong (NASDAQ:AVGO) Seeking Alpha Broadcom’s AI chip revenue hits $10.8B, forecast $16B next quarter Stock Titan Broadcom Stock Closes at a Record. It’s Getting a Double Boost From Google and Marvell. Barron's Ahead of Broadcom Earnings, Here’s What Barchart Data Says Comes Next for AVGO Stock Barchart Broadcom Reports Earnings Today. Here's How Much Traders Expect the Stock to Move Investopedia Broadcom revenue hits record on AI chip surge but outlook disappoints Proactive financial news Broadcom Stock Plunges 15% After Weak AI Guidance — Goldman Hikes Target To $525, Sees Nearly 30% Upside Benzinga Broadcom stock sinks in pre-market as AI chip forecast disappoints Yahoo Finance
My Photo Buddy/iStock via Getty Images Southern California Edison ( EIX ) said Thursday its relief efforts for community members affected by the Eaton Fire continue to advance, with more than $650M offered so far through the Wildfire Recovery Compensation Program; more than 70% of offers have been accepted, with additional decisions pending. As of June 4, more than 3,500 claims have been submitted...
My Photo Buddy/iStock via Getty Images Southern California Edison ( EIX ) said Thursday its relief efforts for community members affected by the Eaton Fire continue to advance, with more than $650M offered so far through the Wildfire Recovery Compensation Program; more than 70% of offers have been accepted, with additional decisions pending. As of June 4, more than 3,500 claims have been submitted, consisting of nearly 10,700 individuals, trusts, and legal entities; nearly 1,900 offers have been extended to more than 4,600 claimants, exceeding $650M; and nearly 1,500 claimants have been paid, totaling more than $200M, with many more in process, the company said. Average payment through the program for homeowners with total loss is ~$754K, and average payment for tenants with smoke and ash damage is $44,368. On average, offers are being delivered within 35 days, well within the 90-day commitment following submission of a substantially complete claim, the company said. The January 2025 Eaton Fire was a highly destructive wildfire in California's Los Angeles County , exacerbated by powerful Santa Ana winds that drove the fire into Altadena and other foothill communities; the fire killed at least 19 people and destroyed more than 9K buildings, becoming the fifth deadliest and second most destructive wildfire in the state's history. More on Edison International Edison International Q1 2026 Earnings Call Presentation Edison International: I Remain Careful Following My 2024 Thesis Edison International: The Easy Money Has Been Made
July Nymex natural gas (NGN26 ) on Thursday rose +0.122 (+3.80%). Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected increase in weekly nat-gas storage. The EIA reported nat-gas inventories rose by +95 bcf in the week ended May 29, below expectations of +99 bcf and the five-year average...
July Nymex natural gas (NGN26 ) on Thursday rose +0.122 (+3.80%). Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected increase in weekly nat-gas storage. The EIA reported nat-gas inventories rose by +95 bcf in the week ended May 29, below expectations of +99 bcf and the five-year average...
Abu Hanifah/iStock via Getty Images Investment Thesis Over the last five years, the WisdomTree U.S. Value Fund ( WTV ) has been one of the top performers in its category, delivering an 88.85% total return as of May 29, 2026, compared to 62.70% for the iShares Russell 1000 Value ETF ( IWD ). By taking an active approach to selecting stocks with high shareholder yields, I view WTV's strategy as more...
Abu Hanifah/iStock via Getty Images Investment Thesis Over the last five years, the WisdomTree U.S. Value Fund ( WTV ) has been one of the top performers in its category, delivering an 88.85% total return as of May 29, 2026, compared to 62.70% for the iShares Russell 1000 Value ETF ( IWD ). By taking an active approach to selecting stocks with high shareholder yields, I view WTV's strategy as more modern than traditional value investing that generally looks for stocks with low P/E ratios and high dividend yields. By contrast, shareholder yield includes buybacks, and per Yardeni Research , buybacks have become an increasingly popular way of returning capital to shareholders over the last 10-15 years. Yardeni Research WTV is a solid large-cap value ETF, and while it's likely to outperform IWD moving forward, its historical drawdowns have been elevated, and other shareholder yield ETFs, particularly the iShares Core Dividend ETF ( DIVB ), could be better at managing downside risk due to their superior quality. While WTV offers other benefits, a "hold" rating is most appropriate today, and I look forward to highlighting the performance and fundamental differences of these three funds in more detail below. I hope you enjoy the read. WTV Overview: Strategy Discussion And Fund Facts WTV launched on February 23, 2007, but according to this post by Christopher Gannatti, Global Head of Research at WisdomTree, the ETF changed strategies on December 18, 2017. On this date, WTV started focusing on shareholder yield and became actively managed, so the main thing to understand is that WTV's full performance history is not relevant. As such, I'll only focus on returns from January 2018 onwards. In terms of WTV's strategy, Matt Wagner, Director of Research at WisdomTree, describes it well in this post . Essentially, traditional value investing relies on valuation ratios, like P/E and P/B, that can be distorted by differences in accounting methods and difficult to compare across comp...