Mordolff/E+ via Getty Images SuRo Capital ( SSSS ) surge could have more legs to run as the market's appetite for AI looks set to push SuRo into the stars. The BDC reported a net asset value ("NAV") of $14.24 per share as of the end of its fiscal 2026 first quarter. This was a material sequential growth from $8.09 per share as of the end of the fourth quarter, on the back of a positive net change ...
Mordolff/E+ via Getty Images SuRo Capital ( SSSS ) surge could have more legs to run as the market's appetite for AI looks set to push SuRo into the stars. The BDC reported a net asset value ("NAV") of $14.24 per share as of the end of its fiscal 2026 first quarter. This was a material sequential growth from $8.09 per share as of the end of the fourth quarter, on the back of a positive net change in unrealized appreciation of investments of $6.25 per share. For some context, the BDC's NAV was $6.66 per share a year ago. SuRo had added the equivalent of NAV as of the end of the quarter from a year ago to its recent NAV, as the BDC sees significant growth in the value of its equity-only investment portfolio. NAV on a nominal basis was $361.55 million at the end of the first quarter, up from $156.80 million in the year-ago comp. Critically, the BDC is trading hands at $14.30 per share, a roughly 0.4% premium to its first quarter NAV. Hence, there could be more upside, especially if SuRo moves to trade at a larger premium to NAV. I last covered SuRo with a Hold rating back in December, with the ticker up markedly since then. SuRo Capital Fiscal 2026 First Quarter Form 10-Q SuRo Capital Fiscal 2026 First Quarter Presentation Unrealized Gains, Investments, And Move To External Management SuRo does not trade on the deeply double-digit premium that would be typical for its portfolio of companies as OpenAI ( OPENAI ) pushes for an IPO this year. Anthropic ( ANTHRO ) has already submitted its draft IPO prospectus to the SEC, with OpenAI broadly expected to follow later in the year. This excitement around SuRo's OpenAI stake has driven remarkable gains in its stock price, with the BDC's investment portfolio concentrated in just a handful of companies. The top 5 positions in SuRo's portfolio formed 72% of its investment portfolio at fair value as of the end of the first quarter, with WHOOP its single largest position at 38.8% of its portfolio. The wearable health device company...
Presidential candidate Riquelme wants German as coach Former Liverpool manager now works for Red Bull Jürgen Klopp’s agent has dismissed talk of the former Liverpool manager filling the vacant post at Real Madrid should Enrique Riquelme become the club’s next president. Marc Kosicke rejected Riquelme’s statement that the German, who left Anfield for a job as Red Bull’s head of global football , wo...
Presidential candidate Riquelme wants German as coach Former Liverpool manager now works for Red Bull Jürgen Klopp’s agent has dismissed talk of the former Liverpool manager filling the vacant post at Real Madrid should Enrique Riquelme become the club’s next president. Marc Kosicke rejected Riquelme’s statement that the German, who left Anfield for a job as Red Bull’s head of global football , would become head coach after releasing a statement confirming him as first choice if elected on Sunday. Continue reading...
Horse racing updates from Epsom Downs Racecourse Horse-by-horse guide | Email Greg with your thoughts 4pm DERBY STAKES preview And so here we are: the most famous Classic of them all, and 14 runners vying to become the 247 th horse on the Derby’s roll of honour. The rain overnight and this morning has changed the picture somewhat, but the trials have done their job in assembling a field full of po...
Horse racing updates from Epsom Downs Racecourse Horse-by-horse guide | Email Greg with your thoughts 4pm DERBY STAKES preview And so here we are: the most famous Classic of them all, and 14 runners vying to become the 247 th horse on the Derby’s roll of honour. The rain overnight and this morning has changed the picture somewhat, but the trials have done their job in assembling a field full of possibilities and it is now up to the punters to draw their own conclusions. Is Benvenuto Cellini’s Chester Vase win the best form on offer, or the ding-dong between Maltese Cross and Bay Of Brilliance at Lingfield ? Could Item be the fifth Dante winner this century to add the Derby to his record, or might Action or Christmas Day reverse the Knavesmire form? Is Ancient Egypt ready to live up to his pedigree and price tag for Kia Joorabchian and Charlie Johnston ? Or maybe the Leopardstown Trial, where James J Braddock edged out Pierre Bonnard, will supply the winner for the first time since 2002. Could there even be a complete outsider that comes through on the rain-softened ground. Continue reading...
West Ham United co-owner David Sullivan is stepping down from his position as joint chairman and director of the club with immediate effect "having been made aware of the impending publication of serious historic allegations".
West Ham United co-owner David Sullivan is stepping down from his position as joint chairman and director of the club with immediate effect "having been made aware of the impending publication of serious historic allegations".
Monty Rakusen/DigitalVision via Getty Images Investment Thesis I am rating Quanta Services ( PWR ) a Strong Buy with a price target of $1017, representing a 46.3% upside potential. This is because PWR is becoming one of the few scaled infrastructure companies that can turn power demand, utility capex, grid-hardening plans, and large-load interconnection requests into physical assets. In my opinion...
Monty Rakusen/DigitalVision via Getty Images Investment Thesis I am rating Quanta Services ( PWR ) a Strong Buy with a price target of $1017, representing a 46.3% upside potential. This is because PWR is becoming one of the few scaled infrastructure companies that can turn power demand, utility capex, grid-hardening plans, and large-load interconnection requests into physical assets. In my opinion, utilities can file rate cases. Hyperscalers can sign power agreements. Renewable developers can announce projects. But at the end of the day, someone still has to build the transmission lines, substations, underground networks, interconnections and field infrastructure. That is where PWR sits. And that is why I believe the company deserves a Strong Buy rating. Power producers monetize electricity. Utilities monetize the regulated rate base. Equipment manufacturers monetize products. But when it comes to Quanta, I think it monetizes complexity. The reason I say this is because it sells project execution, skilled labor, safety, scale, permitting experience, customer trust, and the ability to coordinate large infrastructure programs across multiple regions. That is a different business model from the other companies I have discussed in the power ecosystem, such as OKLO ( OKLO ), Bloom Energy ( BE ), Constellation Energy ( CEG ), Vertiv Holdings ( VRT ), Vistra ( VST ), and NextEra ( NEE ). You can read these ideas here , here , here , here , and here . PWR is not trying to own the electron. Instead, it is trying to build the pathway that the electron travels through. That sounds less glamorous than AI chips or nuclear power, but the economics can be powerful because the industry is facing a shortage of execution capacity. And in my opinion, that shortage is becoming Quanta’s moat. That said, this is why Quanta’s numbers matter. In Q1 2026, revenue increased to $7.87 billion from $6.23 billion in Q1 2025. Adjusted EBITDA increased to $686.4 million from $503.9 million. On the...
Ötzi the Iceman, Europe’s most famous mummy, is crawling with microbes, some long dead, some still eking out a living after thousands of years, and some very modern. After he died in the Ötztal Alps, the Copper Age man now known as Ötzi lay alone and forgotten for 5,300 years, until a group of hikers stumbled on his freeze-dried remains in 1991. Since then, he’s received a lot of attention from sc...
Ötzi the Iceman, Europe’s most famous mummy, is crawling with microbes, some long dead, some still eking out a living after thousands of years, and some very modern. After he died in the Ötztal Alps, the Copper Age man now known as Ötzi lay alone and forgotten for 5,300 years, until a group of hikers stumbled on his freeze-dried remains in 1991. Since then, he’s received a lot of attention from scientists, who have sequenced his DNA , pored over his last meal and the remains of his gut microbes, and examined his clothes and his broken tools . Today, Ötzi lies in a high-tech resting place at the South Tyrol Museum of Archaeology in Italy, where, it turns out, his body is still home to a handful of cold-adapted yeast species that have probably been with him since just after he died. Slightly morbid souvenirs from the Alps Microbiologist Mohamed S. Sarhan (of the Institute of Mummy Studies at the private Eurac Research center) and his colleagues recently sampled material from Ötzi’s stomach and meltwater from inside his body, swabbed his skin, and even sampled airborne microbes from his frozen storage room and the lab outside it. They also took samples from a block of frozen alpine soil taken from next to Ötzi’s body back in 1991. Read full article Comments
KentWeakley/iStock via Getty Images Rental properties are often promoted online as the best investments in the world: They can generate significant passive income. They can be leveraged with the bank's money. They protect against inflation. They provide major tax benefits. They are safe, as everyone will always need a roof over their head. Finally, they have the potential to earn higher total retu...
KentWeakley/iStock via Getty Images Rental properties are often promoted online as the best investments in the world: They can generate significant passive income. They can be leveraged with the bank's money. They protect against inflation. They provide major tax benefits. They are safe, as everyone will always need a roof over their head. Finally, they have the potential to earn higher total returns than the stock market and most other investments. But this only tells you one side of the story. The people promoting real estate as the sure way to riches are often gurus selling courses or fund managers pitching their funds. They have a clear vested interest in spreading these misleading claims to earn your business. I fell for it early in my investing career and went on this path, but never again. Here are the three main reasons why I don't expect to ever buy a rental property again. In the end, I will also discuss a better alternative. Invitation Homes Reason No. 1: The Value of Your Time and Labor This is the biggest reason, which, in my opinion, makes most real estate investments unworthy of my attention. My time has value, and real estate just consumes too much of it. Rental properties are pitched as passive investments, but that's a lie. The time commitment is more similar to that of starting a business than a typical passive stock market investment. You first need to research your own market to get familiar with the different neighborhoods and what is selling for what. That alone can easily require 100-plus hours. After that, you need to look for the right opportunity, meet with brokers, tour properties, prepare models, get estimates from contractors, make offers, negotiate, get financing, close the deal, do renovations, market the property, meet tenants, do background checks, monitor the tenant, do repairs, manage legal battles, look for the next deal, etc. It's more than a full-time job if you really want to do it right. Most real estate investors will assume...
The Columbia Research Enhanced Real Estate ETF (NYSEARCA:CRED) pays a 3.64% distribution funded by the dividends of its underlying REITs, and that yield is the entire reason most income investors are looking at it. CRED is a small, rules-based fund that has paid quarterly since its April 28, 2023 inception, and the question worth answering ... Four REITs Fund 45% of This Income ETF’s Distributions...
The Columbia Research Enhanced Real Estate ETF (NYSEARCA:CRED) pays a 3.64% distribution funded by the dividends of its underlying REITs, and that yield is the entire reason most income investors are looking at it. CRED is a small, rules-based fund that has paid quarterly since its April 28, 2023 inception, and the question worth answering ... Four REITs Fund 45% of This Income ETF’s Distributions Right Now
Mainland China has equipped frontline troops facing Taiwan with a new missile, state media reported. The missile is believed to be an HQ-16F, which has comparable qualities to the US Patriot PAC2 and 3 systems. On Friday, state broadcaster CCTV aired footage of the 73rd Group Army’s first operational and live-fire assessment of the missile in the Gobi Desert. The unit, which forms part of the Peop...
Mainland China has equipped frontline troops facing Taiwan with a new missile, state media reported. The missile is believed to be an HQ-16F, which has comparable qualities to the US Patriot PAC2 and 3 systems. On Friday, state broadcaster CCTV aired footage of the 73rd Group Army’s first operational and live-fire assessment of the missile in the Gobi Desert. The unit, which forms part of the People’s Liberation Army Eastern Theatre Command, had travelled thousands of kilometres from its base in...
Heri Harmono/iStock via Getty Images The last time I spoke about ADC Therapeutics ( ADCT ) it was with a Seeking Alpha article entitled " ADC Therapeutics 'Strong Buy' With 2 Shots On Goal For ZYNLONTA In R/R DLBCL ." With respect to this article, I mentioned that the company was gearing up to release results from its phase 3 LOTIS-5 confirmatory study of its drug ZYNLONTA [loncastuximab tesirine-...
Heri Harmono/iStock via Getty Images The last time I spoke about ADC Therapeutics ( ADCT ) it was with a Seeking Alpha article entitled " ADC Therapeutics 'Strong Buy' With 2 Shots On Goal For ZYNLONTA In R/R DLBCL ." With respect to this article, I mentioned that the company was gearing up to release results from its phase 3 LOTIS-5 confirmatory study of its drug ZYNLONTA [loncastuximab tesirine-lpyl] in combination with rituximab for the treatment of patients with relapsed or refractory diffuse large B-cell lymphoma [r/r DLBCL]. I had placed a "Strong Buy" rating on the basis of this upcoming data readout. Today, I'm downgrading the stock from a "Strong Buy" to a "Sell" rating. The reason why I'm doing so is because even though the primary endpoint of progression-free survival [PFS] was met in a statistically significant manner, along with improvement in overall response rate [ORR] and median duration of response [mDOR], the outcome was plagued with safety problems. More about these safety problems below, but the main thing to note is that the treatment arm saw a higher amount of serious adverse events [SAEs] and Grade 5 treatment-emergent adverse events [TEAEs]. Plus withdrawals as well. The company intends to meet with the FDA in a pre-Biologics License Application [pre-BLA] meeting in August of 2026 and prepare to file a supplemental BLA [sBLA] of ZYNLONTA + rituximab for the treatment of these patients with r/r [2nd-line] DLBCL. The point is that this confirmatory study was supposed to be used to convert both the Accelerated Approval of ZYNLONTA for 3rd-line DLBCL and expand the label towards 2nd-line DLBCL. This latest data puts into question whether or not the company can obtain full approval and expand its label. Plus, it puts into question whether the latest data makes ZYNLONTA viable to treat 2nd-line r/r DLBCL patients as an option. The final reason for my "Sell" rating is because the company is already looking at value-maximizing alternatives. Potential...
Iranians ride past a banner depicting Iran's late supreme leader Ayatollah Ruhollah Khomeini (R), his successor, the late Ayatollah Ali Khamenei (L), in Enghelab Square in Tehran on June 3, 2026. The military adviser to Iran's supreme leader on June 3, warned of more missile and drone strikes should the United States renew its attacks on Iran. The warning followed US strikes on an Iranian tanker a...
Iranians ride past a banner depicting Iran's late supreme leader Ayatollah Ruhollah Khomeini (R), his successor, the late Ayatollah Ali Khamenei (L), in Enghelab Square in Tehran on June 3, 2026. The military adviser to Iran's supreme leader on June 3, warned of more missile and drone strikes should the United States renew its attacks on Iran. The warning followed US strikes on an Iranian tanker and on Iran's Qeshm island, sparking retaliatory attacks on Kuwait and Bahrain. Atta Kenare | Afp | Getty Images U.S. forces struck Iranian coastal radar sites on Saturday after shooting down drones launched by Iran toward the Strait of Hormuz, the U.S. military said, in the latest escalation complicating efforts to end the war between the two countries. The U.S. military believes the four Iranian drones were targeting regional maritime traffic, a U.S. official told Reuters. U.S. Central Command said in a post on X that the U.S. then struck Iran's surveillance sites in Goruk and Qeshm Island, which are both on the Strait of Hormuz. Iran's Revolutionary Guard Corps said it had targeted U.S. bases in Kuwait and Bahrain in retaliation for U.S. strikes and fired on four tankers attempting to cross the strait without its permission. Kuwait's state media said air defenses were intercepting missile and drone attacks, while in Bahrain sirens sounded and residents were urged to seek shelter. Kuwait and Bahrain condemned the strikes. Kuwait's foreign ministry described the Iranian attacks, including the latest strike early on Saturday, as a "blatant act of aggression" that ignored international calls to halt such actions and posed a direct threat to citizens, residents, and regional security, a ministry statement said. Iran later said it had hit U.S. bases in both countries with ballistic missiles, but the U.S. military said six missiles were intercepted and a seventh did not reach its target. The U.S. and Iran have been engaged in largely indirect negotiations to secure an interim de...
The seven-month-old, Sam Fahd Abu Haikal, was in his mother’s arms when he was hit in the incident in Hebron Israeli troops killed a seven-month-old Palestinian baby in the occupied West Bank and injured one of the child’s parents on Friday after opening fire on the family’s car, despite it having complied with an order to stop. Soldiers opened fire on a car carrying the infant and his parents in ...
The seven-month-old, Sam Fahd Abu Haikal, was in his mother’s arms when he was hit in the incident in Hebron Israeli troops killed a seven-month-old Palestinian baby in the occupied West Bank and injured one of the child’s parents on Friday after opening fire on the family’s car, despite it having complied with an order to stop. Soldiers opened fire on a car carrying the infant and his parents in the Tel Rumeida area of Hebron. The seven-month-old, Sam Fahd Abu Haikal, was critically injured, evacuated in critical condition to a local hospital, where he later died. His parents were also injured. Continue reading...